Schaeffer's Trading Floor Blog

Buzz Stocks: Apple Inc. (AAPL), Forest Laboratories, Inc., Hewlett-Packard Company, and Netflix, Inc.

Today's stocks to watch in the news include AAPL, FRX, HPQ, and NFLX

by 2/18/2014 9:15 AM
Stocks quoted in this article:

The major market indexes are pointed slightly higher this morning, as the holiday-shortened week kicks off. In company news, here are some stocks to watch today:

  • An inside source has revealed that Apple Inc. (NASDAQ:AAPL) mergers and acquisitions chief Adrian Perica met with Tesla Motors Inc (NASDAQ:TSLA) CEO Elon Musk last spring -- though there's no indication yet that a deal is imminent. In addition to possibly branching out into automobiles, AAPL is reportedly looking to get into medical device development. (SFGate)

  • Pharmaceutical concern Actavis PLC (NYSE:ACT) has secured a deal to purchase rival Forest Laboratories, Inc. (NYSE:FRX) for roughly $25 billion. "With this strategic combination, we create an innovative new model in specialty pharmaceuticals leadership, with size and scale, a balanced offering of strong brands and generics, a focus on strategic, lower-risk drug development, and -- most important -- the ability to drive sustainable organic growth," ACT Chairman and CEO Paul Bisaro said. (USA Today)

  • After acquiring Autonomy Corp in 2011, Hewlett-Packard Company (NYSE:HPQ) accused the company of overstating its profits after taking an $8.8 billion writedown on the deal. However, a recently surfaced string of emails reveals that HPQ executives knew about Autonomy's accounting practices, as well as its struggle to sell HPQ hardware. (The Economic Times)

  • Netflix, Inc. (NASDAQ:NFLX) debuted the second season of the political drama House of Cards on Friday to an eager audience. Roughly 16% of NFLX users on a cable operator tracked by tech firm Procera watched one or more episodes of the new season; one year ago, just 2% of NFLX subscribers watched the show during its premiere weekend. (New York Daily News)

  • Also, The Coca-Cola Company (NYSE:KO) , Medtronic, Inc. (NYSE:MDT), and Waste Management, Inc. (NYSE:WM) reported quarterly earnings. (CNBC; Bloomberg Businessweek; MarketWatch)

  • Finally, earlier this morning, King Media Entertainment -- maker of the wildly popular Candy Crush Saga game -- filed for an initial public offering (IPO) on the New York Stock Exchange. The Ireland-based company estimates it will raise $500 million during the IPO. (CNNMoney)


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