Schaeffer's Trading Floor Blog

Buzz Stocks: Apple Inc. (AAPL), Amazon.com, Inc., Tyson Foods, Inc., and Merck & Co., Inc.

Today's stocks to watch in the news include AAPL, AMZN, TSN, and MRK

by 6/9/2014 9:12 AM
Stocks quoted in this article:

With no notable economic or earnings reports on today's docket, futures on the major market indexes have barely moved in early morning trading. In company news, here are some stocks to watch today:

  • Apple Inc. (NASDAQ:AAPL) shares will undergo a 7-for-1 split this morning, bringing to fruition a decision announced by CEO Tim Cook in April. With the split, the stock will open below $100 -- something that hasn't happened in over five years. The last time AAPL shares split: Feb. 18, 2005. (MarketWatch)

  • Amazon.com, Inc. (NASDAQ:AMZN) is launching a service today through which it will serve as an online payment middleman, allowing customers to purchase items at third-party retailers using credit card information stored on AMZN. In so doing, the online marketplace is encroaching on territory traditionally dominated by eBay Inc's (NASDAQ:EBAY) PayPal. (Reuters)

  • Tyson Foods, Inc. (NYSE:TSN) has apparently defeated Pilgrim's Pride Corporation (NASDAQ:PPC) in a competition to buy Hillshire Brands Co (NYSE:HSH). According to inside sources, TSN's winning bid values HSH at $63 per share in cash, or $7.7 billion -- a 71% premium to its market capitalization prior to the buyout buzz. (The New York Times)

  • Merck & Co., Inc. (NYSE:MRK) agreed to purchase Idenix Pharmaceuticals Inc (NASDAQ:IDIX) -- which specializes in hepatitis C treatments -- for $3.85 billion, or $24.50 per share in cash. Dr. Roger Perlmutter, president of Merck Research Laboratories, said the acquisition will help the company develop an effective daily regimen against the virus by combining multiple drugs, which target different subtypes of the disease. (The New York Times)

  • Finally, a man in Buffalo, New York, is holding an online auction for the world's largest collection of video games (certified by Guinness), with 11,000-plus titles in total. Bidding, which started last Wednesday, has heated up quickly; the most recent offer was for more than $90,000. (Consumerist)


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