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Stocks to Watch: Apple, Berkshire Hathaway, Dell, Intel, Wachovia

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I always feel like, somebody's watching me...

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Stocks to watch for Monday, May 8:

  • Alcon (ACL) CEO Cary Rayment said company has gained customers who have switched from BOL after links to eye infections; production being stepped up.
  • Apple Computer (AAPL) won lawsuit over the guardian of The Beatles' commercial interests, Apple Corps. The lawsuit victory will allow the computer maker to continue to using the apple logo in its iTunes Music Store.
  • BHP Billiton (BHP), Rio Tinto (RTP), Companhia Vale Do Rio Doce (RIO) may consider bid for Alcoa (AA) and/or Alcan (AL); possible bid could spark bidding war for aluminum assets.
  • Berkshire Hathaway (BRK) reported 1Q net $2.31bln on revenues of $22.8bln; reduced bet against USD to $5.4bln; announced company to acquire 80% of Iscar Metalworking (Israel); Chariman Warren Buffett said he will visit Israel in Sep. seeking more acquisitions; said company working on $15bln acquisitions, not optimistic deal will happen; talks to acquire Japanese company failed, but hopes to make Japanese acquisition in future; sees housing market slowing in high end markets, residential housing market slowing everywhere; would like to get cash position down to $10bln; if case is compelling he will buyback stock.
  • Centex (CTX) downgraded to Underweight from Neutral at JPM.
  • Dell (DELL) announced company to increase Taiwanese procurement spending 20% to at least $12bln.
  • EMI Group may up its bid for Warner Music (WMG) to $30 a share. Citigroup cut Warner Music shares to sell, arguing that a possible EMI deal is already priced into the stock.
  • Ford (F) said sales of imported and locally manufactured F brand vehicles in China up 121% to 33,511 units in 1Q.
  • Intel (INTC) seperate memory production fabrication operations into seperate group; may be indication company set to sell or spin off memory operations.
  • Nabors (NBR) reported 1Q EPS $0.79/ FC $0.74 on revenues of $1.18bln/ FC $1.105bln.
  • Nokia (NOK) company set to release N83 handset w/ 5mpx camera and 4GB HDD early next year.
  • Ryland Homes (RYL) downgraded to Neutral from Overweight at JPM.
  • Thermo Electron (TMO) and Fisher Scientific International (FSH) are expected to announce a $10.6 billion stock swap to create a scientific and lab equipment giant, according to a report in Wall Street Journal.
  • Valueclick (VCLK)/Aquantive (AQNT) companies almost agreed to merge in recent days but discussions fell apart; talks underscore extent to which expanding online ad market may lead to mergers, according to Thomson Financial.
  • Wachovia (WB) agreed to pay 1.051 shares of its stock, valued at $62.42 based on Friday's closing prices, plus $18.65 in cash for each share of Golden West (GDW). The offer values Golden West at $26 billion, or a 15% premium to Friday's close.
No positions in stocks mentioned.

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