This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Stocks to Watch: Apple, GE (Update 1)

Stocks in this article: AAPL GE DUK FNSR TEF CHU GWW PGN

NEW YORK --

Apple (AAPL - Get Report) kicks off Monday its Worldwide Developers' Conference, where the tech giant is expected to launch several new products, including new computers and a new mobile operating system.

Apple's next mobile operating system, iOS 6, is expected to be one of the main attractions at the event.

Shares of Apple ticked up $4.30, or 0.74%, to $584.62 in premarket trading Monday.


General Electric (GE - Get Report) is considering breaking off big chunks of its lending business, GE Capital, The Wall Street Journal reported.

Top executives are looking at possibly selling businesses in GE Capital's consumer-finance portfolio, such as private-label credit cards or showroom financing for products like snowblowers or lawn mowers, according to three people familiar with the company's thinking, the Journal said.

The moves reduce the size of GE Capital's loan portfolio by as much as 16%, according to the newspaper.

GE shares rose 1.25% to $19.44 in premarket trading Monday.


Johnson & Johnson (JNJ) announced Friday it anticipates it will record a one-time charge in the second quarter of about $600 million related to litigation regarding Risperdal, Invega, Natrecor and Omnicare.

Shares of Johnson & Johnson ticked up 2 cents, or 0.03%, to $63 in premarket trading Monday.

Biotech Stock Mailbag: Keryx, Amarin, ImmunoCellular


Federal regulators have cleared Duke Energy's (DUK - Get Report) proposed takeover of Progress Energy (PGN).

The merger will create the nation's largest electric utility.


Telefonica SA (TEF) sold a 4.56% stake in China Unicom (Hong Kong) Ltd. (CHU) for €1.13 billion euros, or $1.41 billion.

The buyer is China Unicom's parent, China United Network Communications Group.

Shares of Telefonica SA rose 2.04% to $12.51 in premarket trading Monday.

The Five Dumbest Things on Wall Street This Week: June 8


Finisar (FNSR - Get Report), a provider of fiber optic subsystems, is expected by analysts Monday to report fiscal fourth-quarter profit of 21 cents a share on revenue of $242.6 million.


W.W. Grainger (GWW), the industrial supplies distributor, is expected to report May sales.

LULU Pulls an Apple, Market Overreacts


-- Written by Joseph Woelfel



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

>To submit a news tip, send an email to: tips@thestreet.com.

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,221.70 -165.51 -0.95%
S&P 500 2,007.66 -21.89 -1.08%
NASDAQ 4,648.5970 -32.90 -0.70%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs