AMR Corp. (NYSE:AMR), the parent of American Airlines, will be in focus and after yesterday it plunged 33.11% to $1.98 after posting a new multiyear low of $1.75. The stock tumbled the most since 2001 on bankruptcy speculation, as the airline has to deal with high jet fuel prices and higher labor costs than competitors, amid an aging fleet. Dahlman Rose noted that the company made a debt deal last week raising $725.7 million and has the option of doing a second tranche of $200 million, but at this point all of the airline assets have been encumbered. The firm said that AMR has other assets it could sell to raise capital, but it continues to be concern about liquidity, but this is no different than a week or two weeks ago, they believe the company needs to do something drastic, however AMR management is intent on not filling for bankruptcy, even if it’s a pre-packaged deal.

Apple (NASDAQ:AAPL), the maker of iPads and iPhones, was adding 0.11% to $375.01 in pre-market, as the day of the iPhone unveil event finally arrived. The Let’s talk iPhone event is scheduled to start at 1 pm EST, and will likely include not only the new iPhone but also the new carriers, like Sprint that will begin selling it. According to the Wall Street Journal, Sprint committed to buying at least 30.5 million iPhones to sell, even though that the carrier will likely loose money on the deal through 2014. The iPhone is an important contributor to Apple’s success with more than 55 million iPhones shipped so far in the first nine months of the company’s current year, making it the best selling smartphone in the world. It’s expected that the new iPhone 5 will have a larger screen, improved resolution, and a better camera. The device is also expected to have a faster Internet connection that will likely be three times as fast as the current Apple’s iPhone 4, as it will include a new modem that is intended to yield a 4G like experience. The metal casing is also likely to return with this model, which will also include a redesigned antenna aiming to fix the antenna issues that the previous devices had. Amid the many new features, the iPhone 5 will also include the iCloud service and Apple’s new-patented voice control feature. Shares of Apple had underperformed in the last 2-weeks leading to the event amid concerns over iPad production cuts and as fears of the global economy slowing down, spurred concern that the company will not be able to meet heightened expectations, as also competition from the likes of Samsung and Amazon increases. Apple broke below its 50day moving average at $385 last week and now is trading between its 50day and 200day moving average at $353.33. Separately, on the Samsung and Apple patent wars, an Australian court ruling regarding a selling ban of Samsung’s line of Galaxy tablets is expected sometime this week. Samsung had planned to launch the device in Australia last week but decided to wait until a the court makes its ruling.

Bank of America (NYSE:BAC), the largest U.S. lender, was falling 1% to $5.7 in pre-market, trading in new multiyear low territory and levels not seen since March 2009, with the market basically pricing a 2008-2009 doom scenario for the Charlotte, NC based bank. Weakness in European banks on escalating fears of a banking crisis in Europe, as Greece is looking less able to avoid default will maintain pressure in U.S. banks despite limited exposure to Europe. Participants keep dumping the stock amid the unknown and uncertainty of the headlines from overseas and from back home, where mounting political pressure continues to build against the banks. According to FBR Capital BofA faces $2 billion of additional losses as that the federal housing insurance program may be forced to deny bank claims for money lost in home loan foreclosures due to political pressures. Yesterday Credit Suisse cut its target price to $13, while reiterating its Outperform rating.

Ford Motor (NYSE:F), the Dearborn, MI based automaker, was falling 0.21% to $9.35 in pre-market. According to CNBC, the company had reached a tentative labor agreement with the UAW and will hold a press conference at 9 am eastern. Yesterday, Ford posted a 9% increase in September sales over a year ago period, as industry wide U.S. auto sales increased 10% in September despite strong economic headwinds. The industry sold 1,053,761 light vehicles, pushing the seasonally adjusted annual selling rate to 13.1 million, the best sale rate since the April’s 13.2 million. However concerns over s recession in the U.S. and in Europe weighed on the stock. Jim Cramer, host of the Mad Money TV show, said ahead of the sales figures release that he would not buy automakers despite car sales tracking in the U.S. at the 12.5 million for the year, due to the heavy exposure to Europe.

Molycorp (NYSE:MCP), the owner of the world’s largest non-Chinese rare earth metals deposits, was jumping 6.27% to $32.01 on reports that its set to announce a new discovery at a Conference in Washington sponsored by the Energy Department. The stock plunged 41.8% last month on worries pricing for rare earth will be under pressure amid a global economic slowdown, especially as prices have fallen substantially after hitting highs in July. Last month, JPMorgan downgraded the stock to a Neutral from Overweight.

Wynn Resorts (NASDAQ:WYNN), the luxury casino operator, will be in focus after the Macau Gaming Inspection and Coordination Bureau reported that September gross revenues jumped 38.8% year over year to 21.2 billion patacas. The revenue in August had surged 57% year over year to a record of 24.77 billion patacas. Wynn generated about 71% of its second quarter revenue and about 70% of its second quarter adjusted EBITDA in Macau. Casino stocks with operations in Macau have been under selling pressure in the last week on concern gaming revenues in the Asian gambling capital will suffer amid a Chinese economic slowdown and tighter credit. Its estimated that 2/3 of gaming revenues in Macau come from mainland Chinese that gamble with borrowed money from tour operators, which are financed through China’s underground lending system. Wynn has cut its year to date gain to 6.6%.

Its rival, Las Vegas Sands (NYSE:LVS), the owner and operator of casino resorts and convention centers in the U.S., Macau, and Singapore, was falling 0.57% to $36.50, extending its move below calculated support at $40.66. Las Vegas Sands generated about 50% of its revenue and 40% of its EBITDA from Macau. The company’s president said over the weekend that they were bullish in Macau and despite the recent concerns the company has not seen any negative signals in its business at the Asian gambling capital. Year to date the stock has tumble 20%. Read More