2012-12-18 15:10:05 -
NEW YORK, NY -- (Marketwire) -- 12/18/12 -- Apple Inc. (NASDAQ: AAPL), Bank of America Corporation (NYSE: BAC), Nokia Corporation (NYSE: NOK).
Apple Inc. (AAPL) saw shares dip briefly under $500.00 in pre market trading yesterday as Citigroup's trio of Apple analysts, Glen Yeung, Walter Pritchard, and Jim Suva, cut Apple's price target to $575, and rating it neutral, down from buy. Later in the day Apple reported that sales of its iPhone 5 in China have exceeded 2 million since its launch on Dec. 14. This number sets a record with "the best first weekend sales ever" in the world's second-largest economy, according to Apple. This positive news saw shares reverse course finishing the day up 1.77% to close at $518.83. Has Apple finally seen a short term bottom or will the stock continue its recent decline? Find out in our exclusive report at: http://squawkboxstocks.com/report/AAPL : squawkboxstocks.com/report/AAPL
Bank of America Corporation (BAC) was another big gainer seeing shares rise 3.98% to close the day at $11.00 on nearly 170 million shares traded. After the market closed yesterday independent research analyst Meredith Whitney told clients that she has turned positive on financial stocks, upgrading Bank of America Corp, Citigroup Inc, and Discover Financial Services to "buy" from "hold." Will this positive news lead to further gains ahead this week? Find out more in our exclusive report at: http://squawkboxstocks.com/report/BAC : squawkboxstocks.com/report/BAC
Nokia Corporation (NOK) was another stock seeing gains during yesterday's trading session. The company saw shares rise 3.4% to close at $3.95 on volume of over 82 million shares traded. In the past month shares have seen gains of 55% as investors speculate that CEO Stephen Elop can successfully transform Nokia into a significant force in the smartphone industry. Find out if the stock will continue to rise or if its time for it to cool off in our exclusive report at: http://squawkboxstocks.com/report/NOK : squawkboxstocks.com/report/NOK
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