Market News

January 14, 2013  Mon 7:33 AM CT

Orders for Parts Reduced Last Month

The Wall Street Journal reported that Apple cut orders for components used in the iPhone 5 because of weak demand. That has AAPL lower by 2 percent before the bell on my tradeMONSTER platform. iPhone suppliers Cirrus Logic dropped 4 percent and Skyworks Solutions is down about 3 percent.

Verint, Nice Climb on Merger Report

Verint is in talks to be acquired by Israel's Nice Systems, according to a news report. VRNT rose 11 percent on the news and NICE is up by more than 7 percent.

Goldman Downgrades American Express

American Express was downgraded to "neutral" from "buy" at Goldman Sachs, which sees little chance of earnings guidance being raised. The price target remained at $65. AXP fell 1 percent on the news.

Francesca's Issues Bullish Guidance

Francesca's Holdings forecast fourth-quarter earnings of $0.29 to $0.30 a share, while analysts only expected $0.28. FRAN is up 8 percent before the bell.

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