Hot Stocks Of The Day: AAPL, IP, ROVI, OC, INSP
Monday, September 20, 2021 1:59 PM

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US stocks rallied on Monday after the National Bureau of Economic Research said that the recession that began in December 2007 ended in June 2009.

Below we highlight few companies whose shares are actively trading in Monday's session.

Apple (NASDAQ: AAPL) rose more than 2% on Monday after the company said that it will begin selling the Wi-Fi-enabled iPhone 4 in China on Saturday, September 25. The company also said that it will open two new retail stores in Beijing and Shanghai to expand its expand its presence in the world's largest mobile market. Apple shares also climbed after Kaufman Bros. analyst Shaw Wu raised his price target on the stock to $374 from $350, citing stronger-than-expected iPad sales.

International Paper Co. (NYSE: IP) declined more than 7% Goldman Sachs said that it was “surprised and disappointed” by a report from Pulp & Paper Week that customers resisted a $40 per ton August containerboard price increase from $640 a ton to $680. The packaging trade magazine said it believes the paper producers will “rebate the price hike back to the customers.

Rovi Corporation (NASDAQ: ROVI) rallied more than 7% on Monday after the company announced that it has entered into a multi-year agreement with Apple Inc. whereby Apple shall license intellectual property from the company.  

Shares of Owens Corning (NYSE: OC) slumped more than 5% after the company said that U.S. market demand for roofing shingles will be approximately 10 percent lower for the full year 2010 than it was in 2009. The company said that much of this fall in demand has occurred in the third quarter where a reduction in customer inventories has contributed to a decline of approximately 35 percent in market demand from the third quarter of 2009. The company said that it remains comfortable with its prior guidance that Roofing EBIT margins will exceed 20 percent for the third quarter and also for full-year 2010. Owens Corning previously stated that it was on track to deliver as much as $450 million in adjusted EBIT in 2010. The company believes that, based on its revised outlook for U.S. roofing market demand, the higher end of the guidance is no longer achievable. The company expects that its 2010 adjusted EBIT will grow significantly from 2009.

InfoSpace Inc. (NASDAQ: INSP) surged more than 9% after the company announced that it has entered into an agreement to settle all claims in the stockholder derivative action brought against certain current and former officers and directors of InfoSpace brought by Anne D. Manos and James N. Mercer.  Under the terms of the Settlement Agreement, InfoSpace will receive a gross amount of $26.65 million as consideration for the dismissal of all claims in the Derivative Action. 

Disclosure: Author doesn't own any of the stocks discussed here.



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Market news:

  • Go for turkey, not stuffing to keep the weight off Nov 25, 2021 12:44 AM

    • LOS ANGELES - More turkey, less white bread and mashed potatoes.
    • Just in time for holiday feasting, a large study found that diets higher in protein and lower in carbohydrates can help overweight adults who managed to drop some weight keep it off.
    • European researchers led by Denmark's University of Copenhagen think they have a solution to break the cycle.
      • Mexico sending more troops to zone next to Texas Nov 25, 2021 12:44 AM

        • MEXICO CITY - Mexico will send more troops and federal police to try to control drug violence that has spiraled into warfare in parts of the northeast along the U.S. border, the government said Wednesday.
        • The goal of "Coordinated Operation Northeast" is to reinforce government authority in the two states most heavily affected by a surge in violence following a split between the Gulf and Zetas drug gangs, federal police spokesman Alejandro Poire said.
        • But in a media briefing with all federal security officials and governors of Nuevo Leon and Tamaulipas, the affected states, Poire provided no details or numbers of reinforcements and answered no questions.
          • Powerful storm to bring snow, ice to the Dakotas Nov 25, 2021 12:44 AM

            • BISMARCK, N.D. - A powerful storm that pummeled much of the West is promising to bring its chaotic mix of snow, sleet and ice to much of the Dakotas on Thanksgiving Day.
            • Meteorologists warned residents in the Dakotas to expect a range of messy wintery weather, from freezing drizzle in the eastern two-thirds of South Dakota to a possible blizzard in eastern North Dakota.
            • "Like the Boy Scouts, you've got to be prepared for a North Dakota winter or you're asking for your own problems," said Gerald Miller, 52, who plowed roads on his farm just east of Bismarck on Wednesday.
              • Pope's remarks on condoms sow widespread confusion Nov 25, 2021 12:44 AM

                • RALEIGH, N.C. - Some Roman Catholics are confused.
                • Days after the release of Pope Benedict XVI's comments that condoms can be justified to prevent the spread of HIV, there is widespread confusion about exactly what he was trying to say.
                • "It's a mess," said John Haas, president of the National Catholic Bioethics Center in Philadelphia, which advises church leaders, hospitals and Vatican offices.
                  • Obama admin. backs spill figures, releases e-mails Nov 25, 2021 12:38 AM

                    • WASHINGTON - The Obama administration on Wednesday defended the integrity of estimates that for months were inaccurate in showing how much oil spilled in the Gulf of Mexico, disclosing thousands of pages of internal e-mails written by government scientists on the project.
                    • "It is a guess," a senior U.S. scientist acknowledged to his colleagues.
                    • The behind-the-scenes e-mails hint at uncertainties in what the government knew during the summer, even as its scientists wrestled over how to measure oil leaking from a runaway well a mile beneath the water's surface.

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