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Stocks to Watch: Apple, Smucker, Lululemon (Update 1)

NEW YORK -- Apple (AAPL - Get Report) has moved to stop Samsung's sale of the Galaxy S III smartphone in the U.S.

Apple, the iPhone maker, has requested a court ban the sale of the phone. It accuses Samsung of infringing two Apple patents.

Samsung said it still plans to release the Galaxy S III in the U.S. on June 21.

Shares of Apple rose $3.59, or 0.63%, in premarket trading Thursday to $575.05.

Nasdaq OMX Group (NDAQ - Get Report) announced Wednesday a $40 million compensation plan for financial organizations that lost out in the botched Facebook (FB - Get Report) IPO last month.

J.M. Smucker (SJM - Get Report), the maker of jellies and jams, reported fourth-quarter net income Thursday of $104.1 million, or 93 cents a share, up from year-earlier earnings of $94.9 million, or 82 cents a share.

Adjusted profit rose to $1.10 a share from $1 a share.

Net sales for the fourth quarter were $1.36 billion.

On average, analysts expected earnings of $1 a share on sales of $1.36 billion.

For fiscal year 2013, the company anticipates that net sales will increase 7% and non-GAAP earnings will be between $5 and $5.10 a share. The earnings projection excludes a cost of 50 cents a share for special projects.

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lululemon athletica (LULU) reported Thursday first-quarter earnings of $46.6 million, or 32 cents a share, up from year-earlier earnings of $33.4 million, or 23 cents a share. The athletic wear retailer posted first-quarter revenue of $285.7 million.

Analysts, on average, anticipated first-quarter earnings of 30 cents a share on revenue of $270.9 million.

Buy Apple and Ford -- Sell Amazon and Trade Sirius

Men's Wearhouse (MW), the specialty retailer, on Wednesday forecast earnings of $2.70 to $2.78 a share for the full year, below analysts' expectation of $2.80 a share.

For the second quarter ending in July, Men's Wearhouse said it sees earnings of $1.12 to $1.13 a share vs. the current consensus view of $1.22 a share.

Other companies reporting quarterly earnings on Thursday include Altera (ALTR), Benihana (BNHN), Comverse Technology (CMVT), NaviStar (NAV), and Uti Worldwide (UTIW).

Chesapeake Energy = High-Stakes Poker

-- Written by Joseph Woelfel

>To contact the writer of this article, click here: Joseph Woelfel

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AAPL $93.24 -0.41%
FB $117.81 -0.21%
MW $16.94 -1.11%
NDAQ $63.20 0.99%
SJM $128.38 0.18%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

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