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
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Stocks to Watch: Apple, Amazon

Stocks in this article: AAPLAMZNIBMHOVBFB

NEW YORK -- The U.S. International Trade Commission ruled Tuesday that certain of Apple's (AAPL) iPod and iPad devices violated a patent held by rival Samsung.

The victory for Samsung means a ban on imports of Apple's iPhone 4 and a variant of the iPad 2.

Because the devices are assembled in China, the import ban would end Apple's ability to sell them in the U.S., The Associated Press reported.

The ruling from the ITC could be vetoed by President Obama, who has 60 days to invalidate Tuesday's order.

Apple said it would appeal the ruling.

Gundlach: Apple Should Go to $500 'Fairly Easily'


Amazon.com (AMZN) is planning a major roll-out of an online grocery business that it has been quietly developing for years, Reuters reported, citing two people familiar with the situation.

One of the people familiar with AmazonFresh's expansion plans told Reuters that new warehouses will have refrigerated areas for food, but also space nearby to store up to 1 million general merchandise products, in some cases.

The company has been testing AmazonFresh in its hometown of Seattle for at least five years, Reuters noted.


IBM (IBM) is buying cloud computing company SoftLayer Technologies, which has 13 data centers in the U.S., Asia and Europe, for an undisclosed amount.

Reuters had reported in March that IBM was among several suitors for SoftLayer in a deal that could go for more than $2 billion.

The acquisition is expected to be completed in the third quarter.


Homebuilder Hovnanian (HOV) is expected by analysts to report on Wednesday a fiscal second-quarter loss of 5 cents a share on revenue of $408.6 million.


Brown-Forman (BFB), the maker of Jack Daniels whiskey, is forecast to report fiscal fourth-quarter earnings of 46 cents a share on revenue of $861.7 million.

5 Stocks Set to Soar on Bullish Earnings


-- 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.

Copyright 2013 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim 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
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

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
Real Money Pro
Try it NOW

All 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 Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our 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
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!
DOW 17,817.90 +7.84 0.04%
S&P 500 2,069.41 +5.91 0.29%
NASDAQ 4,754.8920 +41.9220 0.89%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

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