Here’s Why These Five Stocks Are in the Spotlight Today

Gap Inc (NYSE:GPS) shares are in the red this morning after the company reported that its comparable-store sales declined 5% last month. Leading the decline is the company’s Banana Republic segment with a 9% year-over-year retreat. Old Navy Global wasn’t too far behind, with a 7% decline. Gap Inc (NYSE:GPS) total sales fell 4% in the pivotal month and failed to meet analyst expectations. The number of funds tracked by Insider Monkey that were bullish on Gap increased by 13 to 34 between July and September.

Cirrus Logic, Inc. (NASDAQ:CRUS) is the latest Apple Inc. (NASDAQ:AAPL) supplier to cut its guidance, with management now expecting third quarter revenue of $347 million versus its previous estimate of $370 million to $400 million. CEO Jason Rhode said:

“Our preliminary revenue results reflect weaker than anticipated demand for certain portable audio products. This weakness escalated over the last few weeks of December and is expected to continue to significantly impact our revenue in the March quarter.”

Seeing as Cirrus Logic, Inc. (NASDAQ:CRUS) gets the majority of its revenue from Apple, Cirrus Logic’s stock could be volatile this year as many analysts believe that Apple’s iPhone sales will decline for the first time ever.

There is more stability in Time Warner Inc (NYSE:TWX)‘s top ranks now that the board has extended CEO Jeff Bewkes’ contract by three years. Bewkes has been the company’s CEO since 2008 and may need the extra authority given the New York Post report that activist funds are considering asking Time Warner Inc (NYSE:TWX) to either sell or spin-off the company’s crown jewel HBO division. Given Netflix Inc. (NASDAQ:NFLX)’s enormous valuation, many investors believe HBO would garner a much higher valuation if it were sold or spun-off.

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