Friday, December 21, 2012

AMZN, NFLX, AAPL Hit All-Time Highs; Who Needs Blockbuster?

How telling is this: on a day when Blockbuster (BLOKA.PK) filed a Chapter 11 bankruptcy petition that will wipe out the company’s common shareholders, and even as current management at Barnes & Noble struggles to fend off activist investor Ron Burkle, shares of Apple (AAPL), Netflix (NFLX) and Amazon.com (AMZN) are all trading at all-time highs.

  • Netflix, which is up $5.81, or 3.7%, to $162.74, is clearly getting a boost from the Blockbuster news. The stock this week is up $22.28, or nearly 16%. For the year to date, the stock is up 195%. Market cap: $8.9 billion.
  • Apple is up $4.31, or 1.5%, to $292.06, thanks to a steady stream of bullish commentary from the Street on iPad and iPhone sales. The stock for the week is up $16.51, or 6%; AAPL for the year is up 39%. Market cap: $267 billion.
  • Amazon.com, which is crushing offline book retailers almost as effectively as Netflix has crushed the video retailers, and Apple has snuffed the music retailers, is up $3.89, or 2.6%, to $155.72. For the week, the stock is up $6.95, or 4.7%. AMZN so far in 2010 is up $20.79, or 15.4%. Market cap: Almost $70 billion.
  • BLOKA is down 1.39 cents, or 25.3%, to 4.11 cents, which is 4.11 cents more than the shares are worth. Market cap: $9 million.

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