Before the bell: AAPL, FDX, DIS, TWX, GOOG

December 24th, 2007 | Category: Stocks, Before the Bell, Competitive Strategy

Before the bell: Will stocks continue Friday’s trend?

If humans still had any doubt about the inroads Apple’s (NASDAQ: AAPL) laptops are making, they just had to look at Amazon’s (NASDAQ: AMZN) list of bestselling computers that Christmas eve. Somehow, despites often being more expensive and offering less features than PCs, the Macs oversold their counterparts, taking three of the top ten spots, including the top one. As the new Apple commercial says: You better watch out… Oh, right, it was a Christmas carol, not a warning to PCs — or was it?

The IRS has challenged FedEx Corp.’s (NYSE: FDX) commerce model for contracting with independent drivers, the company said Friday. The company may have to pay tax

and penalties of $319 million plus interest for 2002, while the IRS is reviewing similar issues for calendar years 2004 through 2006.

Following as strong performance final week with I Am Legend, movies continued to show decent numbers that weekend. Walt Disney’s (NYSE: DIS) National Treasure: Book of Secrets with Nicolas Cage opened as the weekend’s No. 1 movie with $45.5 million. that is a sequel to National Treasure, which debuted with $35.1 million on its way to a $173 million total.

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