Market Minute: Fed to Announce Which Banks Can Raise Dividends, Buy Back Stock
Samsung is expected to unveil its new Galaxy S-4 smartphone later today, and analysts say it could leapfrog past Apple's (AAPL) iPhone in some ways. The two companies continue to battle for supremacy in the smartphone market –- one of the factors that has been driving down Apple's stock. Apple has tumbled 39% from its all-time high back in September, and is now trading near its lowest level in more than a year.
Meanwhile, Blackberry (BBRY) shares soared late yesterday after the company said it received an order for one million of its new Z-10 smartphones. It did not identify the buyer.
Men's Warehouse (MW) posted weaker than expected quarterly results, but its stock is set to jump anyway. The men's retailer has hired an adviser to explore alternatives for its K-and-G stores.
On the women's side, Vera Bradley (VRA) turned in better than expected numbers, but its stock is set to drop on disappointing guidance for the current quarter.
Five homebuilders – D.R. Horton (DHI), Pulte (PHA), Beazer (BZH), Ryland (RYL) and Meritage (MTH) – were assigned 'buy' ratings by the brokerage firm Sterne Agee. But it began coverage of Toll Brothers with an 'underperform' rating.
And the supermarket chain Whole Foods (WFM) is planning to open a health resort near its Austin, Texas headquarters. USA Today reports the upscale resort will promote a healthier lifestyle.