Schaeffer's Trading Floor Blog

Buzz Stocks: Amazon.com, Inc., Royal Dutch Shell plc (ADR), Herbalife Ltd., and Under Armour Inc

Today's stocks to watch in the news include AMZN, RDS.A, HLF, and UA

by 2/21/2014 9:25 AM
Stocks quoted in this article:

Futures are pointed higher this morning, as U.S. equity markets look to end the week on a high note. In company news, here are some stocks to watch today:

  • Amazon.com, Inc. (NASDAQ:AMZN) is having discussions with several major retailers -- such as Abercrombie & Fitch Co. (NYSE:ANF) and Ralph Lauren Corp (NYSE:RL) -- about listing their products on AMZN's website. Under one possible arrangement, the brick-and-mortar retailers would allow (and pay for) their products to be shipped via Amazon Prime -- potentially helping AMZN justify raising rates -- in exchange for increased online exposure. (The Wall Street Journal)

  • Royal Dutch Shell plc (ADR) (NYSE:RDS.A) announced plans to sell the majority of its Australia-based refining and marketing operations to commodity trading concern Vitol. The deal, which is valued at roughly $2.6 billion, includes 870 gas stations, as well as the Geelong Refinery near Melbourne. (The New York Times)

  • Bill Ackman's Pershing Square Capital Management has racked up a 49% loss on its short position in Herbalife Ltd. (NYSE:HLF), representing the hedge fund's worst investment ever. Ackman first shorted HLF in mid-2012, convinced its value would drop to zero once U.S. regulators determined the supplements company was an illegal pyramid scheme; however, the shares have continued to rise since then. (CNBC)

  • Responding to criticisms of Under Armour Inc's (NYSE:UA) "Mach 39" speedskating suit worn by the U.S. Olympic team (which failed to medal), CEO Kevin Plank asserted that the outfit is not to blame for the disappointing performance. Moreover, he said UA will extend its sponsorship of the team through 2022. (USA Today)

  • Also, DIRECTV (NASDAQ:DTV), Groupon Inc (NASDAQ:GRPN), Hewlett-Packard Company (NYSE:HPQ), and Priceline.com Inc (NASDAQ:PCLN) reported quarterly earnings. (Bloomberg; MarketWatch; Bloomberg Businessweek; Reuters)

  • Finally, bison -- and not beef -- may soon be what's for dinner. With prices rising on cattle, consumer demand for bison has spiked; accordingly, the Department of Agriculture plans to survey the country's commercial bison herd, which may help the industry move into the mainstream. (CNBC)


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