Schaeffer's Trading Floor Blog

Buzz Stocks: Amazon.com, Inc., Sony Corp (ADR), Macy's, Inc., and Activision Blizzard, Inc.

Today's stocks to watch in the news include AMZN, SNE, M, and ATVI

by 8/13/2014 8:59 AM
Stocks quoted in this article:

Stocks appear ready to rebound this morning, with futures pointed higher in pre-market trading. In company news, here are some stocks to watch today:

  • Amazon.com, Inc. (NASDAQ:AMZN) debuted a new secure card reader called Local Register yesterday, giving small businesses in the U.S. another way to accept payments on smartphones and tablets. AMZN is offering a 1.75%-per-swipe promotional rate for customers who sign up before Oct. 31; afterward, the company will take a 2.5% cut of each transaction. (PCWorld)

  • Sony Corp's (ADR) (NYSE:SNE) PlayStation 4 has reached 10 million in unit sales, the company announced. This represents a significant setback for Microsoft Corporation (NASDAQ:MSFT), as its Xbox One console has sold just 5 million units. (CNBC)

  • Macy's, Inc. (NYSE:M), which reported quarterly earnings earlier, has been fined nearly $1 million in the accidental decapitation of an employee at one of the retailer's distribution centers in 2009. Additionally, the court ordered M to conduct audits on its balers and compactors at California retail and distribution locations, in order to avoid a repeat incident. (CNBC; Los Angeles Times)

  • Activision Blizzard, Inc.'s (NASDAQ:ATVI) first-person shooter Destiny has set a new record for video game pre-orders. The title is set for a Sept. 9 release. (Reuters, via CNBC)

  • Finally, Cree, Inc. (NASDAQ:CREE), Deere & Company (NYSE:DE), and King Digital Entertainment PLC (NYSE:KING) reported quarterly earnings. (Reuters; Chicago Tribune; Associated Press, via CNBC)


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