Schaeffer's Trading Floor Blog

Buzz Stocks: Amazon.com, Inc., BlackBerry Ltd, T-Mobile US Inc, and General Electric Company

Today's stocks to watch in the news include AMZN, BBRY, TMUS, and GE

by 6/18/2014 9:19 AM
Stocks quoted in this article:

With investors eagerly awaiting this afternoon's Federal Open Market Committee (FOMC) policy announcement, futures are little changed in pre-market trading. In company news, here are some stocks to watch today:

  • Later today, Amazon.com, Inc. (NASDAQ:AMZN) is expected to debut a new smartphone, which will allegedly feature a 3-D display. Also, The Wall Street Journal reports AT&T Inc. (NYSE:T) will be the exclusive carrier for the device. (USA Today)

  • BlackBerry Ltd (NASDAQ:BBRY) users will soon be able to use AMZN's Appstore, with a formal partnership confirmed this morning. The move will dramatically increase the number of apps available to BBRY customers; the mobile phone company's online store offers just 130,000 apps, while AMZN's Appstore offers 240,000. (The Wall Street Journal, subscription required)

  • T-Mobile US Inc (NYSE:TMUS) is reportedly attempting to buy low-band spectrum from a number of smaller carriers, just in case its merger with Sprint Corporation (NYSE:S) falls through. However, if TMUS and S do unite, the former may be forced to resell a portion of the airwaves. (New York Post)

  • According to The Wall Street Journal, inside sources say General Electric Company (NYSE:GE) and France-based Alstom SA have reached a tentative valuation for the former's train signaling unit. The development is critical, as GE will likely need to hand over its rail business to Alstom as part of a deal to acquire the latter's energy businesses. (Reuters)

  • http://www.reuters.com/article/2014/06/17/us-general-electric-alstom-idUSKBN0ES2L820140617
  • Also, Adobe Systems Incorporated (NASDAQ:ADBE) and FedEx Corporation (NYSE:FDX) reported quarterly earnings. (Bloomberg; CNBC)

  • Finally, Tesla Motors Inc (NASDAQ:TSLA) CEO and entrepreneur Elon Musk -- the driving force behind space exploration firm SpaceX -- hopes humans will reach the surface of Mars within the next dozen years. Musk didn't stop there -- he added that his goal is for humans to establish a city on Mars. (MarketWatch)


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