Schaeffer's Trading Floor Blog

Buzz Stocks: Amazon.com, Inc., Google Inc, Sprint Corporation, and Avon Products, Inc.

Today's stocks to watch in the news include AMZN, GOOGL, S, and AVP

by 6/24/2014 9:00 AM
Stocks quoted in this article:

Futures are sitting below breakeven this morning, as investors prepare themselves for a session full of economic data. In company news, here are some stocks to watch today:

  • According to an insider, the rift between Amazon.com, Inc. (NASDAQ:AMZN) and Time Warner Inc (NYSE:TWX) -- the former of which has prevented customers from pre-ordering the latter's Warner Bros. DVDs and Blu-ray discs -- is nearing a resolution. One sign of improving relations: Customers are now able to pre-order the TWX movie Transcendence, which isn't due out until July 22. (Bloomberg)

  • Google Inc's (NASDAQ:GOOGL) Nest Labs, which makes smart thermostats and smoke detectors for home use, is launching its developer program today. The move will allow third-party developers to design apps that are able to tap into the data collected by the devices, and communicate with each other via Nest, thereby improving home automation. (Forbes)

  • At a media event yesterday, Sprint Corporation (NYSE:S) announced a 30-day money-back guarantee to encourage customers to try what CEO Dan Hesse claims is an improved mobile network. In addition, the firm said it has launched its 4G LTE service in nearly 30 markets, as well as a high-definition voice service and expanded "Framily" service plan. (CNET)

  • Avon Products, Inc. (NYSE:AVP) announced plans to cut 600 jobs due to financial difficulties. The cosmetics name expects the layoffs, combined with other restructuring arrangements, will save the company between $50 million and $55 million annually. (Reuters)

  • Also, Micron Technology, Inc. (NASDAQ:MU) and Walgreen Company (NYSE:WAG) reported quarterly earnings. (Reuters; Chicago Tribune)

  • Finally, the city of San Francisco sent a cease-and-desist letter to Monkey Parking -- an app that allows drivers to auction off public parking spaces they're about to vacate. "It's illegal, it puts drivers on the hook for $300 fines, and it creates a predatory private market for public parking spaces that San Franciscans will not tolerate," Dennis Herrera, an attorney for the city, said in a statement. (Associated Press, via FOX Business)


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