Schaeffer's Trading Floor Blog

Buzz Stocks: Apple Inc. (AAPL), Citigroup Inc, Comcast Corporation, and The Men's Wearhouse, Inc.

Today's stocks to watch in the news include AAPL, C, CMCSA, and MW

by 3/3/2014 9:02 AM
Stocks quoted in this article:

As the world watches escalating tensions between Ukraine and Russia, global markets are pointed notably lower, and U.S. indexes are no exception. In company news, here are some names to watch today:

  • The Men's Wearhouse, Inc. (NYSE:MW) and Jos. A. Bank Clothiers Inc (NASDAQ:JOSB) have reportedly agreed to work together toward a potential partnership. While the latter rejected the larger company's $1.78 billion takeover bid last week, the retailers will now exchange confidential information as the first step in potentially combining forces. (Reuters, via CNBC)

  • This week at the Geneva Motor Show, Apple Inc. (NASDAQ:AAPL) will demonstrate CarPlay, which allows iPhone users to use the features of iOS in their vehicles. The technology provides access to phone calls, music playlists, maps, and more, via voice-commanded Siri technology. A trio of car manufacturers, including Mercedes-Benz and Volvo, have already partnered with Apple, while other automakers such as Ford Motor Company (NYSE:F) and General Motors Company (NYSE:GM) plan to adopt the technology at a later date. (Mashable)

  • Citigroup Inc (NYSE:C) officials are reportedly being investigated by the U.S. Securities and Exchange Commission regarding $400 million worth of fraudulent loans at its Mexican Banamex unit. The banking giant is also being probed for potential violation of the Foreign Corrupt Practices Act. (Reuters)

  • As part of its $45 billion proposal to buy out Time Warner Cable Inc (NYSE:TWC), Comcast Corporation (NASDAQ:CMCSA) plans to divest 3 million subscribers in an effort to diminish antitrust concerns. One possibility, according to private sources, would be a spinoff of these subscribers, or an outright sale of this segment of Comcast's customer base to a smaller cable company. (Reuters)

  • Craig Menear -- who was recently promoted to head of the U.S. retail division of The Home Depot, Inc. (NYSE:HD) -- is rumored to be in line for the retailer's top position when current CEO and chairman Frank Blake retires. Menear has been with Home Depot since 1997 and working in the retail sector for 34 years. Blake will turn 65 this summer, and retirement from the company's board is required at 72. (Bloomberg)

  • Also, Dendreon Corporation (NASDAQ:DNDN) reported fourth-quarter earnings. (Nasdaq)

  • Finally, 12 Years a Slave -- distributed by the Fox Searchlight division of Twenty-First Century Fox Inc (NASDAQ:FOX) -- took Best-Picture honors at the 86th Academy Awards last night. Time Warner Inc's (NYSE:TWX) Gravity was a big winner as well, with seven trophies, while Dallas Buyers Club nabbed two major acting awards for Matthew McConaughey and Jared Leto in lead and supporting roles, respectively. (Bloomberg)

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