9-10-13 12:17 PM EDT | Email Article

By Sue Chang and Ben Eisen, MarketWatch


SAN FRANCISCO (MarketWatch) -- Apple Inc. shares headed south on Tuesday as investors awaited the smartphone maker's latest iPhone models.


Top tickers trending


$AAPL: All eyes are on Apple (AAPL) headquarters in Cupertino, Calif., where the technology company is widely expected to roll out a lower priced model. The big question for most was not what Apple would bring to the show-and-tell but what the price tag would be. After rising more than 10% in the past month, Apple shares were off 0.4% Tuesday.


$BBRY: Shares of rival smartphone maker BlackBerry (RIMM) sank almost 5%. Reuters reported late Monday that Fairfax Financial Holdings, BlackBerry's largest shareholder, had talked to multiple investment funds about a possible proposal to take BlackBerry private, but the discussions were preliminary.


S&P Dow Jones Indices said Tuesday that Goldman Sachs Group Inc. (GS), Nike Inc. (NKE) and Visa Inc. (V) would join the Dow Jones Industrial Average (DJI), while Bank of America Corp. (BAC), Hewlett-Packard Co. (HPQ) and Alcoa Inc. (AA) would leave the blue-chip benchmark to make way for the newcomers.


Goldman Sachs advanced 3.2%, Visa gained 2.8% and Nike rose 1.5%.


News that Hewlett-Packard will no longer be part of the Dow didn't bode well for the company's share price, which fell 0.7%. However, Bank of America took the news in stride with the stock up 1.2% while Alcoa was off a fraction.


$INTC: Intel Corp. (INTC) is the other big tech story on Tuesday. The world's biggest chip maker is hosting a developer conference in San Francisco where Chief Executive Brian Krzanich will give the keynote address. Investors are likely to look for clues on how Intel will navigate in a post-PC era. Intel shares extended gains from Monday to rise 0.5%.


$NFLX: Netflix Inc. (NFLX) rallied 4.5% to its all-time high of $307.75 earlier in the session. The video streaming company reached a deal with Virgin Media and Tivo Inc. (TIVO) that allows Virgin subscribers to access Netflix via Tivo, according to reports. Netflix will also launch its new original series "Derek," starring Ricky Gervais, on Thursday.




E-Trade Financial Corp. (ETFCD) shares added 4.6%, among the biggest gainers in the S&P 500. The online brokerage said in a regulatory filing that its from a year ago.


Palo Alto Networks Inc. (PANW) climbed above 4% after the Internet-security company reported late Monday that its core earnings improved in the fourth quarter while its bottom line deteriorated.


Discount teen accessories retailer Five Below Inc. (FIVE) shares jumped 14% after the company reported that its second-quarter profit more than tripled.


Christopher & Banks Corp. (CBK) traded up 5% after it reported that its second-quarter loss narrowed. Costs declined while revenue turned higher.


International Game Technology (IGT) shares rose 5.7%. IGT is one of the 10 stocks that typically rally starting in late August, according to Bespoke Investment Group.




Urban Outfitters Inc. (URBN) slumped 11%, at one point triggering Nasdaq's short sale circuit breaker. The retailer late Monday said same-store sales so far in the third quarter rose by mid single digit. Analysts surveyed by FactSet are projecting comparable sales to rise 6.3%.


Shares of Crocs Inc. (CROX) fell 3.7%, paring earlier losses, after the shoe maker reduced its outlook after disappointing earnings. The company said it now expects third-quarter earnings of 15 cents to 18 cents per share on revenue of $285 million to $295 million. Trading of Crocs stock was temporarily halted.


PVH Corp. (PVH) reported a second-quarter loss late Monday, dragging shares down 6.3%.


ConAgra Foods Inc. (CAG) shares slid 7%. The packaged food company on Tuesday cut its 2014 earnings per share outlook to a range of $2.34 to $2.38 from $2.40 previously.

-Sue Chang; 415-439-6400; AskNewswires@dowjones.com


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(END) Dow Jones Newswires

09-10-13 1217ET

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