Stock Market Briefs: Apple, Dell, Starbucks, Target, Walgreens

• China Unicom also advised iPhones will be sold in China beginning in October. Meanwhile, Apple (AAPL) said iTunes’ application downloads exceeded the 2 billion mark
• MBIA’s (MBI) main bond insurance unit was downgraded by S&P to non-investment grade status
• Dell (DELL) revealed a new, high-end, ultra thin PC
• Cameron International (CAM) reported a $500 million subsea equipment deal with Petrobras
• Howard Shultz, CEO of Starbucks (SBUX), offered high hopes for its Via Ready Brew instant coffee product, claiming it “perhaps the biggest opportunity” in the company’s history, amid today’s North American launch
• Walgreens’ (WAG) reported fiscal fourth quarter results of 47 cents ex-items, topping estimates of 39 cents, on sales of $15.7 billion
• Goldman Sachs (GS) lifted price targets on several retailers, including conviction buys on Target (TGT) and Macy’s (M)
• Citigroup (C) started coverage of Dr. Pepper Snapple (DPS) and Coca-Cola (KO) with “buy” recommendations
• Bank of America (BAC) upgraded Phillips-Van Heusen (PVH) to a “buy” with a price target of $54

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Comment by Richard H. Sommers

2009-10-29 13:41:14

What is the symbel for China’s Wallgreens is listed on the NYSE at aroun $6.1 to .25 cents a shair.
Thanks
R. Sommers

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