Schaeffer's Trading Floor Blog
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U.S. stock futures are comfortably higher this morning, with the major equity indexes looking to extend their run to new highs. In company news, today's stocks to watch include online retailer Amazon.com, Inc. (NASDAQ:AMZN), cable and Internet provider Time Warner Cable Inc (NYSE:TWC), financial services firm Charles Schwab Corp (NYSE:SCHW), and firearm manufacturer Smith & Wesson Holding Corp (NASDAQ:SWHC).

  • A close look at the data suggests Amazon.com, Inc. (NASDAQ:AMZN) has likely sold no more than 35,000 of its Fire Phones since the device's July launch. Adding insult to injury, another report includes a slew of unfavorable comparisons for AMZN's apparently unpopular phone -- including the fact that former Smiths frontman Morrissey sold 35,000 copies of his autobiography within the first week of its release last year. (The Guardian; MarketWatch)

  • Time Warner Cable Inc (NYSE:TWC) customers experienced major outages to their cable and Internet services this morning, with reports popping up across North America and Europe. The service interruptions come just a day after TWC paid $1.1 million to settle a Federal Communications Commission (FCC) investigation into the company's improper reporting procedures for network outages. (The Wire; Reuters)

  • Charles Schwab Corp (NYSE:SCHW) suffered a significant defeat, after a Financial Industry Regulatory Authority (FINRA) panel struck down the company's $15 million arbitration case against Morgan Stanley (NYSE:MS). However, the regulators ordered MS -- which SCHW accused of "raiding" brokers from its San Francisco outpost -- to pay $72,000 in sanctions. (CNBC)

  • Sources indicate that Snapchat is close to securing a round of funding that would value the company at $10 billion. Last year, CEO Evan Spiegel turned down a bid from Facebook Inc (NASDAQ:FB) to acquire Snapchat for $3 billion. (Bloomberg)

  • Smith & Wesson Holding Corp (NASDAQ:SWHC) is down 11% in pre-market trading this morning, after the gun company drastically lowered its full-year sales guidance. SWHC also reported weaker-than-forecast revenue for its fiscal first quarter, driven by weak demand for long guns. (Business Insider)

  • In other earnings news, TiVo Inc. (NASDAQ:TIVO), Tiffany & Co. (NYSE:TIF), and Express, Inc. (NYSE:EXPR) will be in focus today after reporting their latest quarterly results. (MarketWatch)

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