Despite a large rally on Friday, shares of Apple (NASDAQ:AAPL) continue to lag behind.? Shares closed .16% lower, and continue to edge down in late trading.? On the positive, it only took the iPhone 4S three hours to sell out in Hong Kong.? Shares are down 3.9% over the past month.? Competitors include: Google (NASDAQ:GOOG), Amazon (NASDAQ:AMZN), and Microsoft (NASDAQ:MSFT).
After reporting strong earnings, Disney (NYSE:DIS) shares closed 5.95% higher.? After the closing bell, shares continue to edge .14% higher.? Net income for the entertainment company rose to $1.09 billion (58 cents per share), compared to $835 million (43 cents per share) in the same quarter a year earlier. This marks a rise of 30.2% from the year earlier quarter.? Competitors include: CBS (NYSE:CBS), Viacom (NYSE:VIA), and Time Warner (NYSE:TWX).
Investing Insights: The Walt Disney Company Earnings Cheat Sheet: Rising Revenue Helps Margins Expand, Profit Rises.
Shares of E*Trade (NASDAQ:ETFC) closed 4.11% lower after the brokerage cancelled its own sell order.? After exploring a number of strategic alternatives, E*Trade announced that it will remain independent.? On Thursday, E*Trade��s board of directors made the decision to withdraw from selling the company. It had been working with Goldman Sachs (NYSE:GS) as their financial adviser, and the bank had recommended they cease the selling process.? Shares are down .22% after the closing bell.
CME Group Inc. (NASDAQ:CME) climbed 1.33% higher on Friday after announcing it pledged $300 million to help speed up the release of customer cash and collateral that is trapped in the bankruptcy of MF Global.? “We recognize that the U.S. Bankruptcy Code requires the trustee to account for all customer assets and claims to ensure a fair, pro-rata distribution of those assets, and w! e sincer ely appreciate how complex this task is for the Trustee,” said Craig Donohue, chief executive of CME, in a statement.
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