The Unusual Suspects for the Week Ahead (AAPL, BEC, FFIV, GM, GAP, GMCR, HHWW, MAT, PAA, WES, ORCL, PG, RIMM, RAD, SIRI, THC, YOKU)
We have a different cast of characters in this weekend’s UNUSUAL SUSPECTS for the week ahead. Many bits of news and rumors are carrying over from last week into the coming week and we have several key earnings on deck along with corporate events. The cast of characters in the UNUSUAL SUSPECTS includes Apple Inc. (NASDAQ: AAPL), Beckman Coulter, Inc. (NYSE: BEC), F5 Networks, Inc. (NASDAQ: FFIV), General Motors Corporation (NYSE: GM), The Great Atlantic & Pacific Tea Company, Inc. (NYSE: GAP), Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR), Horiyoshi Worldwide Inc. (OTCBB-HHWW), Mattel Inc. (NASDAQ: MAT), Plains All American Pipeline LP (NYSE: PAA), Western Gas Partners LP (NYSE: WES), Oracle Corporation (NASDAQ: ORCL), Procter & Gamble (NYSE: PG), Research In Motion Limited (NASDAQ: RIMM), Rite Aid Corp. (NYSE: RAD), SIRIUS XM Radio Inc. (NASDAQ: SIRI), Tenet Healthcare Corp. (NYSE: THC), and Youku.com Inc. (NASDAQ: YOKU).
Apple Inc. (NASDAQ: AAPL) is likely doing all it can to contain the mountain of rumors about the iPad2 with dual cameras and even a CDMA aversion at launch so that it doesn’t have order softness of the first iPad going into Christmas. So far, sales have not been hindered. We still want to refer back to the first reaction: Apple is turning its customers into lemmings.
Beckman Coulter Inc. (NYSE: BEC) was much higher after reports that it was up for sale. We ran the analysis to see what it can fetch in a sale, and some common sense might dictate that the premium Friday was already enough.
F5 Networks, Inc. (NASDAQ: FFIV) landed the #1 spot in the Investors Business Daily 100, or IBD 100, this weekend. It is followed by 2-RVBD, 3-LULU, 4-NFLX, 5-SLW. F5 was announced to join the S&P 500 during last week and NASDAQ named it as one of the new NASDAQ 100 members to join the index.
General Motors Corporation (NYSE: GM) was noted over the weekend by Barron’s as “being eligible to join the Russell 3000 Index as soon as Friday, December 17.
The Great Atlantic & Pacific Tea Company, Inc. (NYSE: GAP) looks done for the holders of stock. Shares were halted after losing more than half their value and after hitting new multi-year lows under $1.00. The grocery chain filed for bankruptcy.
Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) will have to play some damage control. The guidance was disappointing, but the lack of clarity will erode its credibility with many investors and you already know that this one is heavily shorted. Shares fell 9.65% to $33.81 on more than 20 million shares. That is still not as bad as the end of September when the SEC issues first arose and the stock fell to $31.06 from $37.01.