Market Minute: SeaWorld Stock Set to Dive; Apple Shares Defy Gravity

Apple is hot again, but SeaWorld does a belly-flop. Those stocks and more are what's making business news Wednesday.

The Dow Jones industrial average (^DJI) rose 31 points Tuesday, the Standard & Poor's 500 index (^GPSC) added 4, and the Nasdaq composite index (^IXIC) gained 14.

Apple (AAPL) shares jumped nearly 5 percent Tuesday, and the rally could continue today. Billionaire Carl Icahn has acquired a billion dollar plus stake in Apple, and he's calling on the company to make a large share buyback. He believes the stock could once again trade at $700 a share.

sea world earnings carl icahn apple undervalued stocks wall street market news
Jerod Harris/Getty Images
Investors in SeaWorld (SEAS) might feel as though they just got tossed in the tank with Shamu the killer whale. The theme park operator posted a quarterly loss, hurt by a drop in attendance, as well as expenses tied to its initial public offering back in April. SeaWorld shares are set to tumble.

Retailer Macy's (M) also reported disappointing quarterly results.

But farm equipment maker Deere (DE) is set to rally after plowing past expectations and raising its forecast for the full year.

Brocade Communications (BRCD), a networking equipment maker, is poised to soar after posting better-than-expected results.

Wendy's (WEN) has sold 30 restaurants in the St. Louis area, part of a broader plan to sell hundreds of its outlets across the country. The buyers of the St. Louis stores are former NBA player Junior Bridgeman and current player Chauncey Billups.

Coca-Cola (KO) is set to run newspaper ads defending the safety of aspartame and other low-and-no calorie sugar substitutes as part of healthy diet. According to Ad Age, Coke says the sweeteners used in diet sodas are "safe, high-quality alternatives to sugar."

Last month, online game maker Zynga appointed a new chairman -- former Microsoft (MSFT) executive Don Mattrick. He's wasting no time in shaking up the management team. Three top executives, including the chief operating officer, are leaving the company. Zynga's (ZNGA) stock has lost 70 percent of its value since going public in late 2011.

And Eli Lilly & Co. (LLY) says an experimental drug to treat patients with a form of lung cancer showed improved survival rates in a late-stage clinical trial.

-Produced by Drew Trachtenberg.

Apps That Manage Your Money For You
See Gallery
Market Minute: SeaWorld Stock Set to Dive; Apple Shares Defy Gravity

Mint made the Mac App Store's Best of 2012 list for a reason. This simple, clean app shows how much you are spending in each category of your budget by monitoring all of your transactions. We love signing in and getting a quick, dirty rundown of where our money has gone over the last week, and using their personalized budget tools to stay on track. We highly recommend adjusting your budgets for summer months. You might spend less on transportation when the weather is nice, and chances are you could use that extra cash to flesh out that restaurant tab, right?

Price: Free

Available for Apple and Android.

This is the all-in-one financial organizer. Manage all of your accounts, from credit cards to magazine subscriptions, in one place and even make custom accounts for your rent or cleaning service. Get reminders for bill payments, and monitor all of your travel reward points, too. You'll always know what you owe, how much money you have and can plan for upcoming bills and expenses without having to sift through tons of paperwork.

Price: Free

Available for Apple and Android devices.

If you want to isolate the expense tracker function of Mint in a super simple day-to-day app, then DailyCost is a great buy. A wide variety of categories lets users input all of their daily expenses. Holding your phone horizontally, you will be able to see graphs and statistics on your spending. The app also tracks your weekly and monthly spending by category and can be backed up to iCloud for Mac users, so you'll never lose your data.

Price: $1.99

Available for Apple only.

If you're a heavy traveler, Toshl is an excellent expense and budget tracker. It works with any currency and lets you separate your travel budget from your day-to-day expenses. It comes with all the trappings of a regular money management app, too, such as bill organizer and alerts, and can be synced across all your devices.

Price: Free

Available on Apple and Android devices.

Next time you organize a group activity, Tricount will split up the expenses for you. Create the expense report on your phone and organize by person, how much they owe, and then share via email so everyone knows their share. With options for expenses, balance, share, and configuration, the app does all of the math for you.

Price: Free

Available for Apple and Android devices.

Never miss a bill payment again. This app reminds you when your payments are due, and lets you pay on the spot from a bank account or credit card, or you can schedule a payment for the future. Connect all of your accounts to the encrypted app and then view them all in one place for easy access and payment options. You'll never overdraft or miss a payment again.

Price: Free

Available on Apple and Android devices.

Make and share payments with friends. This app uses the same technology to pay as LivingSocial, Uber and Airbnb. Pay with your debit card or transfer funds from a linked bank account, right to a friend's Venmo account. It is Verisign Certified.

Price: Free

Available on Apple and Android devices.

Read Full Story


DJIA 25,120.46 -166.03 -0.66%
NASDAQ 7,149.22 -51.66 -0.72%
NIKKEI 225 21,846.48 35.96 0.16%
HANG SENG 25,654.43 -138.44 -0.54%
DAX 11,412.53 -59.69 -0.52%
USD (per EUR) 1.13 0.00 -0.13%
JPY (per USD) 113.63 -0.15 -0.14%
GBP (per USD) 1.29 -0.01 -0.49%
USD (per CHF) 1.01 0.00 0.15%