Schaeffer's Trading Floor Blog

Buzz Stocks: Amazon.com, Inc., Ford Motor Company, Gilead Sciences, Inc., and Barclays PLC (ADR)

Today's stocks to watch in the news include AMZN, F, GILD, and BCS

by 5/8/2014 9:12 AM
Stocks quoted in this article:

Ahead of Fed Chair Janet Yellen's testimony before the Senate Banking Committee -- scheduled for 9:30 a.m. ET -- futures are sitting slightly north of breakeven. In company news, here are some stocks to watch today:

  • Amazon.com, Inc. (NASDAQ:AMZN) will roll out its Sunday package-delivery service to Dallas, Philadelphia, and 13 other major U.S. cities. Without identifying the number of packages it delivers on Sunday, one AMZN executive said the most common items arriving at customers' homes that day are baby supplies. (Associated Press, via ABC News)

  • Ford Motor Company (NYSE:F) announced a 116-million-share buyback initiative, worth roughly $1.8 billion. The automaker said the repurchasing effort is intended to balance out its convertible debt as well as stock given to employees, both of which could potentially dilute the shares' value. (USA Today)

  • Instead of paying out dividends, biopharmaceutical firm Gilead Sciences, Inc. (NASDAQ:GILD) plans to repurchase about $5 billion in stock. This program is separate from a previous $5 billion buyback effort dating back to January 2011, which is scheduled to be completed later this year. (San Francisco Business Times)

  • U.K.-based Barclays PLC (ADR) (NYSE:BCS) revealed plans to cut 19,000 jobs over the next three years, focused on reducing the size of its investment banking division. Going forward, the financial institution will concentrate more on credit cards, its British retail operations, and business in Africa. (Reuters)

  • Also, DISH Network Corp (NASDAQ:DISH), Keurig Green Mountain Inc (NASDAQ:GMCR), Priceline Group Inc (NASDAQ:PCLN), SolarCity Corp (NASDAQ:SCTY), and Tesla Motors Inc (NASDAQ:TSLA) reported quarterly earnings. (Reuters; Bloomberg; MarketWatch; CNBC; The New York Times)

  • Finally, Netflix, Inc. (NASDAQ:NFLX) announced it will begin offering a remastered 4K streaming version of the wildly popular AMC Networks Inc (NASDAQ:AMCX) series Breaking Bad. The online video concern will eventually release much of its original content in ultra high-definition 4K (3,840 x 2,160 pixels), as well. (Mashable)


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