Weekly Market Recap: Apple’s EXPLOSIVE Earnings. ‘Nuff Said

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Monday

Apple Inc. (NASDAQ:AAPL): Boy Genius says that Sprint’s (NYSE:S) inventories of Samsung Galaxy Nexus smartphones, which operate via Google’s (NASDAQ:GOOG) Android operating system, is depleted, and is no longer available for pre-order.

Xerox Corp. (NYSE:XRX) expects to contribute approximately $350 million to pension funding worldwide for the rest of 2012, and to receive cash from its Operations unit of between $2 billion and $2.3 billion for its fiscal year 2012. Xerox Earnings Cheat Sheet>>

Advanced Micro Devices, Inc. (NYSE:AMD): Intel (NASDAQ:INTC) projects that shipments of its upcoming Ivy Bridge-based processors will be lower than previously thought, with the driver in either low capacity or yield rates, according to a DigiTimes report. Meanwhile, PC Players’s sources say that Nvidia (NASDAQ:NVDA) and AMD (NYSE:AMD) are dealing with shortage problems with their 28nm graphics cards, as well.

Microsoft Corporation (NASDAQ:MSFT) and CommVault (NASDAQ:CVLT) have reached agreement on an expanded collaboration in which they will offer a cloud storage capability that combines the power of Simpana software with the benefits and flexibility of storing data on the Windows Azure cloud platform. In addition, CommVault says that it is deepening a strategic alliance it has with Microsoft, in which collaborative development, sales and marketing activities around the Windows Azure platform will be heightened.

Wal-Mart Stores Inc. (NYSE:WMT) could have legal troubles, according to the Wall Street Journal, as it looks into its operations in Mexico. Some experts in the field say that a U.S. law that disallows bribery in foreign countries, might have been violated.

Toyota (NYSE:TM), Honda (NYSE:HMC) and Nissan (NSANY) are expected to ‘race ahead’, according to the Wall Street Journal, after last year’s natural disasters, currency rate difficulties, and their disappointing lineups.

Barnes & Noble (NYSE:BKS) shares pop 20% on news of hedge fund Jana Partners boosting its stake in the company to roughly 12%.

Tuesday

Rambus Inc. (NASDAQ:RMBS) shares jump following JPMorgan’s upgrade to Overweight, as it’s thought that Monday’s slump (due in part to a BWS downgrade) to a 41 percent year-to-date slide represents the bottom, and investors are thus protected from more drops. Further, JPM opines that a stock price of $4 to $4.50 is justifiable merely by the value of Rambus’ contracted license revenue and cash.

Adobe Systems (NASDAQ:ADBE) is said by the Wall Street Journal to be representing itself anew, as a one-stop technology shop for marketing departments.

Apple (NASDAQ:AAPL) direct investment is banned to the citizens of Beijing, but Reuters reports that they are getting a piece of the pie via shares of the company’s suppliers.

Netflix, Inc. (NASDAQ:NFLX) CEO Reed Hastings’ letter to investors suggests that Comcast (NASDAQ:CMCSA) is guilty of unfair competition in the streaming-video space, according to a CNet report. THe CEO goes on to remark that Comcast was providing its Xfinity Web-video service as a competitive advantage that is “not offered to Netflix or other competitors…That is not neutral in any sense.”

Wednesday

Sprint Nextel Corp. (NYSE:S), DirecTV (NASDAQ:DTV) require more time for evaluation of proposed multi-billion dollar arrangements between Verizon Wireless (NYSE:VZ) and several cable operators, and to that purpose have requested that the FCC suspend its usual 180 day window, according to Reuters.

Bank of America Corporation (NYSE:BAC): Several major banks are going proactive against possible downgrades by Moody’s Investors Servic in the near term, says a Wall Street Journal report. CEOs Brian Moynihan of Bank of America and Vikram Pandit of Citigroup (NYSE:C) have presented their banks’ cases against downgrades in person, but Morgan Stanley (NYSE:MS) CEO James Gorman took a somewhat dofferent approach by remarking that Moody’s decision to delay any potential downgrades by a month will be “constructive”.

Apple Inc. (NASDAQ:AAPL) CEO Tim Cook commented during his earnings conference call on Microsoft’s (NASDAQ:MSFT) soon to be released tablets, which will be powered by its Windows 8 operating system (said to work equally well on both tablets and PCs), that most anything can be forced to converge but the trade offs aren’t worth it. “You can converge a toaster and a refrigerator, but it won’t please anyone.”

Facebook’s (FB) recent $1 billion purchase of Instagram along with its $550 million acquisition of patents from Microsoft (NASDAQ:MSFT) could delay its initial public offering by perhaps a week, according to sources.

Human Genome Sciences (NASDAQ:HGSI) might have rejected an unsolicited takeover bid by GlaxoSmithKline (NYSE:GSK), which totaled $2.6 billion, but the firm confirms that it is evaluating strategic alternatives, including a possible sale of the company, according to Reuters.

Friday

Western Digital Corp. (NYSE:WDC) gets downgraded by Bank of America to Neutral, explaining that WDC’s management’s remarks imply a weaker demand than was anticipated which in turn suggests that the hard drive industry “can’t have it both ways for much longer – pricing and margins at high levels, and expected strong demand.”. Meanwhile, Needham stays optimistic regarding both WDC and Seagate Technology (NASDAQ:STX), even though rivalry and less expensive flash memory are exerting huge downwards pressure on solid-state drives.

Goodyear Tire & Rubber Co. (NYSE:GT) completes its earnings conference call, with several comments made, such as the revelation that total miles driven increased for the last three months, and that the company sees certain European economies remaining volatile, with shrinking production. However, Goodyear does see upsides developing in the long term, with volumes in mature markets bouncing back, even with rising raw material costs at the same time.

Expedia Inc. (NASDAQ:EXPE) shares pop after reporting its impressive first quarter beat, for which its strong hotels bookings are credited. JPMorgan upgrades EXPE accordingly, but Deutsche Bank maintains its Hold, as it judges the firm’s management’s reiteration of its EBITDA forecast for the current year as “conservative in light of building momentum”. Also keeping a Hold is Benchmark, which thinks that growth will slow down in the second quarter. Shares of Priceline.com (NASDAQ:PCLN), Orbitz Worldwide (NYSE:OWW), TripAdvisor (TRIP), and TravelZoo, Inc.(NASDAQ:TZOO) move up in sympathy.

Deckers Outdoor Corp. (NASDAQ:DECK) shares’ present slump could make for a buying opportunity, says SA author David Matusazk. Attributing the mild winter and the soaring costs of lamb skins as causes for Deckers’ weak first quarter, the analyst expects that new store openings and a return to colder winters to set up better results for the retailer in the long term.

Amazon.com Inc. (NASDAQ:AMZN): eBay (NASDAQ:EBAY) is beefing up its Indian e-commerce investments, as it attempts to rival market leader Flipkart and several other local players. It’s hoped that linking up with PayPal will provide an advantage in India, where cash-on-delivery dominates payment methods, even though Amazon’s recent creation, Junglee.com, could casue some trepidation.

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