Ultimate Market Recap: Dole Dealing with Itochu, iPhone 5 Sells Out

Morning BUZZERS: Apple JUMPS 1.2%, Verizon Set to Benefit from iPhone 5

Shares of Apple (NASDAQ:AAPL) jumped 1.20 percent this morning. The tech giant continues to see momentum after unveiling the iPhone 5 yesterday. The new smartphone, launched by senior vice president of worldwide marketing, Phil Schiller, at the company’s media event in San Francisco, has a screen display that measures 4 inches diagonally and features five rows of icons, plus the four shortcuts on the bottom. “It is an absolute jewel,” Schiller said. “It is the most beautiful product we have ever made, bar none.”

Verizon (NYSE:VZ) looks set to benefit from the iPhone 5. Fran Shammo, the company’s chief financial officer, claims Verizon will not suffer a large hit in profit margins due to subsidizing the new smartphone. Customers are purchasing larger data plans than expected. Furthermore, Verizon is America’s largest 4G LTE network.

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Facebook (NASDAQ:FB) shares edged lower after posting their biggest one-day gain since going public in May. Mark Zuckerberg spoke at the TechCrunch Disrupt conference and focused his attention on mobile, pleasing shareholders. He said, “What we are seeing already, even with the early mobile ads that we have, is that they are performing even better than the right hand column ads on desktop…there’s a huge opportunity.”

Shares of Amazon.Com (NASDAQ:AMZN) saw volatile trading this morning. Unconfirmed rumors circulated that the world’s largest online retailer was receiving a downgrade from Credit Suisse (NYSE:CS).

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Apple CHANGES UP Charger and 4 Hot Stocks Sparking Chatter

EnerNOC, Inc. (NASDAQ:ENOC), who is a top provider of energy management solutions for the smart grid, announced that its Site Server, which compiles meter data from end users and streams it back to EnerNOC’s Network Operations Center (NYSE:NOC) in real time, was certified by the OpenADR Alliance as it complies with its most recent specification, OpenADR 2.0a. EnerNOC is one of the first companies in the OpenADR Alliance that has announced a 2.0a-compliant product. Shares of EnerNOC, Inc. are trading 1.68% lower today.

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Equinix Inc (NASDAQ:EQIX)stated that in accordance with tax rules applicable to REIT conversions, it intends to issue a special distribution to Equinix shareholders with undistributed accumulated earnings along with earnings of $700 million to $1.1 billion, which is to be paid out via a combination of as much as 20 percent cash and a minimum of 80 percent in Equinix’s common stock. Equinix plans to make the E&P distribution only following its obtaining of a favorable private letter that rules from the IRS and anticipates that it will make a large part of its E&P distribution prior to 2015, and the balance should be distributed in 2015.After the REIT conversion is finished, Equinix plans a declaration of regular distributions to its shareholders. Shares of Equinix Inc are trading 7.76% higher today.

Pall Corporation (NYSE:PLL) fiscal Q4 profit saw a drop of about 11 percent due to the company’s heavy restructuring charges, which masks its small sales improvement. Results greatly exceeded the expectation by Wall Street analysts. Shares of Pall Corporation are trading 7.79% higher today.

Apple Inc. (NASDAQ:AAPL) has created a new connector for the iPhone 5 which will make iPhone users either purchase new chargers, docks, and clock radios, or new cables along with $30 adapters from Apple, The New York Times reports. This new adapter will possibly not work on all old devices, states that newspaper. Shares of Apple Inc. are trading 1.15% higher today.

Opexa Therapeutics Inc. (NASDAQ:OPXA), which is a company that develops Tcelna™, which is an important T-cell therapy for those with multiple sclerosis (NYSE:MS), announced that Neil Warma, which is the President and Chief Executive Officer, is expected to be a part of two upcoming industry conferences. These conferences are the Intellectual Property Owners Association (IPO) Annual Meeting and the 8™ Annual Burill Personalized Medicine Meeting. Shares of Opexa Therapeutics Inc. are trading 5.06% higher today.

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Toyota CHANGES UP Tag Line and 4 Hot Stocks Demanding Attention

Piedmont Natural Gas Company Inc. (NYSE:PNY) reported a revenue totalling $161.1 million. Three analysts were polled by S&P Capital IQ and they stated that they wished to see a top line of $189.8 million on the same basis. Additionally, GAAP reported a drop in sales of 18 percent compared to the previous year’s quarter with a total of $197.3 million. Shares of Piedmont Natural Gas Company Inc. are trading 0.72% higher today.

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Bank of America Corporation (NYSE:BAC): Economists continue skepticism in regards to what economic benefits would be seen if there were another round of bond buying by the Fed, although the majority expects that the central bank will go down that road when its most recent policy meeting is finished later today, according to the Wall Street Journal’s most recent forecasting survey. Shares of Bank of America Corporation are trading 0.06% higher today.

Sirius XM (NASDAQ:SIRI) trades up 1.24 percent, and was last sold at a price of $2.45. It traded up to $2.46 and down to $2.38. SIRI had previously closed at $2.42. 10,620,314 shares of the stock traded hands today.

Toyota Motor Corporation (NYSE:TM) has  a new tagline, “Let’s Go Places,” which is intended to insinuate that its vehicles are more exciting and engaging than they were previously, and the company continues by inviting customers “to take part in shaping Toyota’s future.” Shares of Toyota Motor Corporation are trading 0.67% lower today.

Nokia (NYSE:NOK) Siemens Networks is currently talking with various companies in regards to selling its business-support-systems unit as part of a drive intended to diminish its non-core segments and to focus on its main mobile broadband network equipment division.

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Dole in NEGOTIATIONS with Itochu and 4 Hot Stocks Making Waves

Powerwave Technologies, Inc. (NASDAQ:PWAV):  Powerwave Technologies, Inc., a global supplier of end-to-end wireless solutions for wireless communications networks, announced that they have entered into a new $50 million senior secured credit agreement with P-Wave Holdings, LLC, an affiliate of The Gores Group. Under the credit agreement, the lenders will advance $35 million to the company, less fees and expenses, and will agree to loan an additional $15 million, subjected to the fulfillment of certain conditions. This will also include an accordion feature that allows the firm to request up to an additional $100 million, in term loans. Proceeds from advances will be used to finance working capital, and general corporate purposes. Shares of Powerwave Technologies, Inc. are trading at 13.39% lower today.

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Dole Food Company, Inc. (NYSE:DOLE): According to a news release on Wednesday, Dole Food Company, Inc. has said that they are negotiating with the Japanese trading house Itochu about selling their packaged foods and Asian fresh fruit businesses to them. The firm has also been talking to “several other parties” about a potential sale of those and other businesses. No definite agreements have been made. Shares of Dole Food Company, Inc. are trading at 0.43% higher today.

Companhia Energetica Minas Gerais (NYSE:CIG):  Companhia Energetica de Minas Gerais, Brazil’s largest power company by market value, declined the most in more than 14 years due to government measures that have cut electricity rates, thus hurting their profit. In addition to this, other utility companies have also dropped. Cemig declined 20% to close at 25.29, Reais in Sao Paulo fell 23%, the biggest intra-day drop since September 1998, and Cia. Energetica de Sao Paulo plummeted 28%, the most since they began trading in August 2006. Shares of Companhia Energetica Minas Gerais are trading at 1.60% higher today.

Pier 1 Imports, Inc. (NYSE:PIR):  For the 53rd week of the year, Pier 1 Imports, Inc. is expected to have made approximately$25 million in total sales. Shares are trading at 0.51% lower today.

Vical Incorporated (NASDAQ:VICL):  Vical Incorporated announced a worldwide, non-exclusive license of their patented platform DNA immunization technology and their Vaxfectin(NYSE:R) adjuvant for use in the production of antibodies to Bristol-Myers (NYSE:BMY). Financial terms of the agreement were not disclosed. Shares of Vical, are trading at 5.84% higher today.

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HOT STOCKS: GE and Apple Hit NEW HIGHS, Facebook Skips Market Rally

Shares of General Electric (NYSE:GE) hit a new 52-week high on Thursday, and continue to attract attention in late afternoon trading. Bank of America (NYSE:BAC) reinstated its Buy rating on the conglomerate with a $25 price target.

Apple (NASDAQ:AAPL) shares touched a new intra-day all-time high of $685.50 on Thursday. The tech giant continues to receive positive momentum from the iPhone 5 unveiling, in addition to a new line-up of iPods. In late afternoon hours, shares ticked slightly higher.

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Facebook (NASDAQ:FB) shares closed 1 percent lower just one day after seeing its biggest one-day gain since going public in May. Not even the Fed’s latest QE program could send the shares higher. Ken Sena from Evercore said that the company’s domestic PC usage is in decline because younger users are spending less time on the service.

Shares of Analogic (NASDAQ:ALOG) surged nearly 11 percent in late afternoon hours yesterday. The company announced a quarterly profit of $12.1 million (96 cents per share), compared to only $5.6 million (45 cents per share) a year earlier. Analysts were expecting earnings of 71 cents per share.

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Wall Street Brief: RBS Sells Insurance Unit Stake, Apple’s iPhone 5 is SOLD OUT

In just an hour, Apple (NASDAQ:AAPL) sold out of its iPhone 5 stock after the company started accepting pre-orders for the smartphone on its web site early this morning. The order page initially said the phone’s launch day would come next Friday, but now it has been pushed back two weeks for shipping.

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BAE Systems (BAESF.PK) could bail on its merger with EADS (EADSF.PK) unless the combined company will run as a one without political interference that has weighed on EADS, reported the Financial Times. This scenario could be a challenge considering that France and Germany each control 22.5 percent in EADS; from the deal, their combined stakes would fall below 10 percent with veto power only for blocking hostile takeovers.

The Securities and Exchange Commission is closing its review into Avon (NYSE:AVP) for improperly disclosing information to analysts regarding bribery allegations at the company. The agency will not recommend enforcement action.  The investigation’s end comes after a year-long review that resulted in the firing of Avon’s former vice chairman, Chuck Cramb. Citigroup said the SEC’s decision gets rid of a large overhang on shares but there’s still the inquiry of the allegations.

RBS (NYSE:RBS) will sell 25 percent of its Direct Line insurance unit through a London IPO from the conditions of its 2008 BP 45.5 billion bailout. Analysts see Direct Line with a BP 3 billion value, although it doesn’t look good after German insurer Talanx withdrew its IPO this week for a second time in three months thanks to disagreements over price with potential investors.

Home Depot (NYSE:HD) will close seven of its China big box outlets and slash 850 jobs, leading to a third quarter $160 million charge.  The company said, “China is a do-it-for-me market, not a do-it-yourself market, so we have to adjust.” A slowing economy in the country isn’t helping matters and now Home Depot will focus on online and specialty stores in China.

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A.M. Movers: Apple SELLS OUT iPhone 5, Kraft Gets the Boot from Dow

Apple (NASDAQ:AAPL) shares climbed 1.67 percent this morning to reach another new all-time high near $690. The tech giant’s iPhone 5 pre-orders sold out in about 60 minutes. In comparison, it took the iPhone 4S about 22 hours to sell out.

Kraft Foods (NYSE:KFT) shares fell 0.29 percent this morning. The consumer foods company will be removed from the Dow Jones Industrial Average and replaced with UnitedHealth Group (NYSE:UNH), a health insurance company. The change will take place after the close on September 21. The move is being made to reflect the growing importance of health-care spending in the U.S. economy.

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Goldman Sachs (NYSE:GS) shares edged slightly higher today. The financial firm is dialing back its junior analyst program. The WSJ reports that Goldman is getting rid of two-year contracts for the majority of analysts hired out of college and will not receive bonuses for finishing the program.

Shares of Microsoft (NASDAQ:MSFT) attracted attention this morning. The Windows maker announced it will be handing out a new Surface RT tablet to all of its 90,000+ employees. Furthermore, employees will receive a new work PC and a Windows Phone 8 unit.

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JPMorgan on the UPSWING and 4 Hot Stocks Moving the Market

Bank of America Corporation (NYSE:BAC): Commercial and industrial loans outstanding saw a boost of 14 percent to $1.45 trillion during July, from the previous year on a seasonally adjusted basis, reports the Wall Street Journal, citing the Federal Reserve. This growth rate is twice as fast as gains in overall bank credit, and Fed data indicates that that nonreal-estate loans to businesses have seen double-digit percentage increases versus the previous year’s for four quarters in a row, the WSJ adds. Shares of Bank of America Corporation are trading 2.02% higher today.

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JPMorgan Chase (NYSE:JPM) dropped up to 24 percent during the month following when a multibillion-dollar trading loss was revealed, that decline has been erased. The shares saw a 3.7 percent increase to $41.40 yesterday, surpassing May 1o’s $40.74 closing price when a trading loss totaling $2 billion was announced. As of now, the loss this year remains at $5.8 billion, according to Bloomberg.

Toyota Motor Corporation (NYSE:TM), USA, Inc. used today for an announcement in regards to special financing along with a customer lease option for its 2012 RAV4 EV. The RAV4 EV is new and all-electric and it receives an EPA rated range of 103 miles, 78 city miles per gallon equivalent (MPGe), 74 highway MPGe and 76 combined MPGe. The vehicle is expected to go on sale during the week of September 24, 2012 only through specific California dealers, showing its focuse on major metropolitan markets. The manufacturer’s suggested retail price is $49,800, and RAV4 EV customers will be given the option of a purchase or lease program. There will be special purchase financing of 1.9 percent APR for qualified customers, and there will be a 36 month lease option of $599 per month with $3,499 drive off. Sales volume is anticipated at about 2,600 units through 2014. Shares of Toyota Motor Corporation are trading 0.63% higher today.

Intel (NASDAQ:INTC): By selling its stake less than a year following the investment, Berkshire Hathaway (BRK.A) locked in a gain on its Intel (NASDAQ:INTC) bet which does not use the buy-and-hold strategy that Chairman Warren Buffett prefers. Also, Berkshire’s Geico unit generated 11.5 million shares of Intel during 2011′s last half for an average price of $22 each. The stake has been sold by the firm for an average price of $27.25 this year through May 8, which nets nearly $60 million in profit, according to Bloomberg.

Apple Inc. (NASDAQ:AAPL) did not embed NFC chips into its iPhone 5. The NFC chips are used to turn cellphones into mobile wallets, according to Reuters. Shares of Apple Inc. are trading 1.84% higher today.

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Companhia Siderurgica Nacional to RAISE $775M and 4 Hot Stocks Trading Today

Companhia Siderurgica Nacional (NYSE:SID, or CSN, intends to raise up to 1.6 billion Brazilian reals, which is equivalent to $775 million, by issuing nonconvertible debentures. The earnings are to be used for payment of the company’s short-term debts. Shares of Companhia Siderurgica Nacional are trading 4.67% higher today.

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Support.com, Inc. (NASDAQ:SPRT) has achieved the Silver Midmarket Solution Provider Competency in the Microsoft Partner Network, according to an announcement today. Achieving this award of the Silver Competency certification shows Support.com’s specialties in in the delivery of critical solutions based on Microsoft technologies that have been tailored to the needs of small and medium-sized businesses. The website has also made an announcement that it has continued to hold his status as Silver Competency for Desktop and its certification as a Small Business Specialist. Shares of Support.com, Inc. are trading  3.59% higher today.

Synovus Financial Corp. (NYSE:SNV) boosts has raised its rating from a C to a B during the week and the company gives its customers services like commercial and retail banking, insurance and financial management. SNV shares have seen a rise of 16.5 percent over the previous month, which is higher than the 2 percent rise the S&P 500 saw over the same period of time. Shares of Synovus Financial Corp. are trading 10.21% higher today.

Electronic Arts, Inc. (NASDAQ:EA) possesses the market capitalization of $4.53 billion. The EPS of the company was 0.19 as its 318.39 million shares continue to be outstanding, and its institutional ownership was 89.83 percent. The company’s shares were moving ahead of SMA 50 with  an increase of 13.63 percent as its its year to day performance was down 30.87 percent.

Zynga (NASDAQ:ZNGA) has named Maytal Olsha, who is an ex- online-gambling executive, its new chief operating officer of new markets, ahead of the company’s intentions to offer real- money wagering during the coming year. On Thursday, stated in an email that Olsha, who was earlier a senior vice president at 888 Holdings Plc, is to assist in the management of gambling strategy and development at Zynga. Olsha will report to Executive Vice President Barry Cottle.

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Neuralstem OFFERS 7M Shares and 4 Hot Stocks Demanding Attention

Skullcandy Inc (NASDAQ:SKUL) shares surged 3.19 percent to $12.30 during trading after hours. The shares lost over 16 percent in regular trading following Morgan Stanley‘s downgrading of the shares to a rating of  ”equal weight” in a research note that was issued Thursday. Shares of Skullcandy Inc are trading 7.38% higher today.

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Neuralstem, Inc. (NYSEAMEX:CUR) used today to announce the pricing of a registered direct offering of 7,000,000 shares of its common stock, which is to be given at a price to the public of $1.00 per share.  The gross proceeds from this offering could reach $7.0 million, prior to the deduction of placement agent fees along with other estimated offering expenses that will be payable by Neuralstem.  The offering will close on or about September 19, 2012, and continues to be subject to customary closing conditions. Shares of Neuralstem, Inc. are trading 12.32% lower today.

Sprint Nextel Corporation’s (NYSE:S) 4G LTE network build has begun in over 100 more cities within its existing nationwide 3G footprint. “We are committed to delivering a cutting-edge network as quickly as possible, one that provides a greater level of reliability and speed to our 3G and 4G customers,” said corporate Senior Vice President – Network, Bob Azzi. As of now, the company’s new 4G LTE service is offered in 19 metropolitan areas, and it believes that the nationwide build out of the all new 3G and 4G network will be finished by 2013′s end.

Alpha Natural Resources, Inc. (NYSE:ANR) share prices have traded up to $30.96 per share and down to $5.28 during the past 52 weeks.As of the latest close, its price saw an increase of 41 percent in comparison with the 52-week low and was 316 percent lower than the 52-week high. After the recent close, the company’s  market capitalization reached $1.64 billion. Shares of Alpha Natural Resources, Inc. are trading 6.93% higher today.

Analogic Corporation (NASDAQ:ALOG) shares were boosted on Thursday evening after quarterly results from trumped Wall Street’s expectations, as a reduced sales outlook pressured Western Digital Corp. shares. As the company reported that its Q4 earnings were 96 cents per share, Analogic shares rallied 11 percent to $76.50, and adjusted earnings saw a 59 percent increase taking it to $1.32 cents a share. The company’s revenue was boosted 12 percent to $151 million from the period during the previous year, which is more than Wall Street’s projection of $142.3 million in sales. Shares of Analogic Corporation are trading 13.52% higher today.

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