Apple Dives on iPhone Disappointment and Other #Stocks2Watch

By MarketsFOXBusiness

#Stocks2Watch: FOX Business rounds up the stocks you should watch before the opening bell rings on Wall Street. Tweet @adamsamson or e-mail and tell us what stocks you're watching -- your picks could appear online!

1. Apple [AAPL]

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Apple logged better-than-expected fiscal first-quarter profits as a wider-than-expected profit margin offset in-line sales figures. However, the world's biggest technology company revealed far few sales of the iPhone -- its chief money maker -- than analysts forecast. The shares are tumbling 8% in pre-market action.

FOX Business assignment editor Jessica MacKenzie also added the following:

What really got my attention was the a pile-up of downgrades of this morning:  Evercore, Janney, Raymond James, UBS, Barclays, Baird, Goldman Sachs, Citigroup, BMO, JPMorgan, Jefferies and Credit Suisse have all cut their target price in Apple.

2. Ford [F]

The Big Three automaker posted better-than-expected quarterly profits, sending its shares climbing more than 1% in pre-market action. Economists see automakers as bellwethers for the broader economy.

3. D.R. Horton [DHI]

D.R. Horton revealed an 86% surge in its quarterly net income as the biggest U.S. homebuilder capitalizes on the housing recovery. The shares are rallying north of 3% in the pre-market.

4. Cliffs Natural Resources [CLF]

Casablanca Capital revealed a 5.2% stake in Cliffs Natural Resources and pushed the iron ore miner to spin off some of its international assets. The shares are surging 13% in the pre-market.

5. Yahoo! [YHOO]

Yahoo! posts its quarterly results after the closing bell Tuesday. Analysts will be looking to see how chief executive Marissa Mayer's bid to turnaround the media company is paying off.

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