This Week's Top 5 News Items

This Week's Top 5 1. On Wednesday, Facebook, Inc. FB released their 3Q13 earnings. Third quarter revenue was up 60% at $2 billion and revenue was up 66% YoY at $1.8 billion. Zuckerberg commented that Facebook's focus is to connect the community and to develop new services for businesses. On Thursday, Facebook was higher in volatile trading. On Benzinga's Pro Feed, "after 11.60 (46.38-57.98) point range in after-hours and premarket trading, Facebook shares are higher by one point, within a 5.50 (46.50-52) point range during the regular session. Traders may be focusing on a close above the psychological 50 level to determine if the issue has peaked." 2. On Monday, Apple Inc. AAPL released 4Q13 EPS of 8.26, beating estimates of 7.88. Revenue was reported at $37.50 billion compared with estimate of $36.76 billion. 3. Other significant earnings include General Motors Company GM EPS of 0.96 beating the estimate of 0.93. Reported revenue was $38.98 billion missing the estimate of $39.49 billion. On Thursday, MasterCard Incorporated Inc. MA released 3Q13 EPS of 7.27, versus estimates of 6.92. Revenue was reported at $2.2 billion compared with estimate of $2.13 billion. On Tuesday, Pfizer Inc. PFE released 3Q13 EPS of 0.58, versus estimates of 0.56. Revenue was reported at $12.6 billion compared with estimate of $12.7 billion. On Wednesday, Starbucks Corporation SBUX released 3Q13 EPS of 0.63, beating estimates of 0.60. Revenue was reported at $3.8 billion compared with estimate of $3.81 billion. On Monday, Seagate Technology Public Limited Company STX released 3Q13 EPS of 1.29, versus estimates of 1.30. Revenue was reported at $3.49 billion compared with estimate of $3.56 billion. On Wednesday, Visa Inc. V released 3Q13 EPS of 1.85, versus estimates of 1.85. Revenue was reported at $2.97 billion compared with estimate of $3.02 billion. 4. U.S. Auto makers reported strong sales this October despite Ford and Chrysler missing estimates. U.S. auto maker General Motors GM reported a 15.7 percent sales growth in October, delivering 226,402 vehicles. Ford F reported that new-vehicle sales increased 14 percent to 191,985. October sales for Chrysler were up 11 percent versus a 14 percent growth estimate. 5. Chinese Media exposed lies on NQ mobile NQ partnerships. On Benzinga's ProFeed, "There are two articles quoting certain of NQ's purported partners (e.g., ZTE) as stating that NQ fabricated the partnerships. One article covers the disappearance of NQ / FL Mobile's games from the iTunes store. One article is an IM exchange between Chinese investors and Chairman Lin. (The host of the chat was Xueqiu.com, a Chinese investment site.) Chairman Lin seems to take pain to avoid directly answering tough questions, such as those stating that NQ's market share claims do not match with Chinese investors' observations. The articles also mention Chairman Lin's (unverified) claim that NQ has sued Muddy Waters in China."