Sony Corporation (SNE), The Blackstone Group L.P. (BX): Top Ten Stocks for June 12


In a Bloomberg video, Financial Journalist Betty Liu, Market Correspondents Scarlet Fu and Julie Hyman discuss the top ten stocks for today. 

Sony Corporation (ADR) (NYSE:SNE) is on the 10th position. These sales have seen the highest growth in the last two years jumping 30% in Q1, fueled by football world cup in Brazil and winter Olympics.



On the ninth spot is The Blackstone Group L.P. (NYSE:BX) which is entering into a partnership with DDR Corp (NYSE:DDR) to buy 76 shopping centers.

Facebook Inc. (NASDAQ:FB) is the next on the list. The company is expanding the amount of information that the advertisers can have and target users more effectively.

Intel Corporation (NASDAQ:INTC) is on the seventh spot. The company lost an appeal against reversal of a anti-trust penalty of $1.4 billion imposed on it by the EU.

Next on the list are Nobel Energy, Inc (NYSE:NBL) and Consol Energy Inc. (NYSE:CNX). They are entering into a partnership to commence operations for a natural gas pipeline in Marcellus Share, which is touted to be amongst the US’s most promising resource for natural gas in the Appalachian Basin.

On the fifth spot is the lawn and garden care products maker Scotts Miracle-GRO Co (NYSE:SMG) as they reaffirm their earnings for the year.

American International Group Inc. (NYSE:AIG) is the number four. They have issued a statement that they are joining Oak Hill Capital Management to commence lending to medium-sized ventures. AIG is committing $1.5 billion for this purpose.

Twitter Inc (NYSE:TWTR) also made the list, being the third stock to watch today. Twitter Inc (NYSE:TWTR)’s Chief Operating Officer, Ali Rowghani has resigned, but will continue as the strategic advisor to the CEO.

At number two is Restoration Hardware Holdings Inc (NYSE:RH). The company has tripled its earnings in Q1 and has raised its outlook for the year.

The first stock is Lululemon Athletica Inc. (NASDAQ:LULU).  The company has cut its first full year earnings forecast. The Q1 earnings were ahead of the estimates.  The largest shareholder and the founder of Lululemon Athletica Inc. (NASDAQ:LULU), Chip Wilson expressed his serious concerns in a board meeting that the company was too short-term focused which was hitting its stock.

James Dondero’s Highland Capital Management holds 1.99 million shares of Sony Corporation (ADR) (NYSE:SNE). Gamco Investors, managed by Mario Gabelli is another hedge fund that has 1.96 million shares of Sony Corporation.

Eduardo Abush’s Waterfront Capital Partners, initiated a position in DDR Corp (NYSE:DDR) in the first quarter of 2014, and now holds 360,950 shares worth $5.95 million.

Watch the full video:

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