Stocks to Watch: Apple, Knight Capital
NEW YORK -- Apple (AAPL) on Monday promoted Dan Riccio and Craig Federighi to senior vice presidents and said Bob Mansfield, who was going to retire, will stay with the company to work on future projects. Mansfield is senior vice president of hardware engineering at Apple, reporting to CEO Tim Cook.
Meanwhile, Apple is seeking bans on the sale of eight Samsung phones, following its patent victory over its rival.
Apple identified eight older-model smartphones, including the Galaxy S2 and Droid Charge, according to a Reuters report.
Apple's Win Ushers in an Era of Nastiness in Tech
Knight Capital (KCG) has selected three new directors, including TD Ameritrade CEO Fred Tomczyk, three weeks after it received a $400 million injection from outside investors, The Wall Street Journal reported, citing people familiar with the matter. An announcement could be made as early as Tuesday, the people told the newspaper. Martin Brand, managing director of Blackstone Group, and Matthew Nimetz, advisory director of General Atlantic -- two private-equity firms that, alongside TD Ameritrade, played a role in Knight's rescue earlier this month -- also will gain seats, the people said, the Journal reported.
PVH Corp. (PVH), the apparel maker, topped Wall Street's earnings expectations for its fiscal second quarter and gave a strong third-quarter outlook on Monday. The company, whose brands include Calvin Klein and Tommy Hilfiger, reported non-GAAP earnings of $92 million, or $1.25 a share, on revenue of $1.34 billion for the three months ended in July, beating the average estimate of analysts for a profit of $1.20 a share.
Brown Shoe (BWS) is expected by analysts Tuesday to post quarterly profit of 3 cents a share on revenue of $607.2 million.
Sanderson Farms (SAFM), the poultry processor, is seen earning $1.07 a share in its latest quarter on sales of $609 million. Six Bullish Stocks That Pay High Dividends
-- Written by Joseph Woelfel
>To contact the writer of this article, click here: Joseph Woelfel
Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, 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
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid 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
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
