Schaeffer's Trading Floor Blog

Buzz Stocks: Apple Inc. (AAPL), General Motors Company, The Boeing Company, and Pfizer Inc.

Today's stocks to watch in the news include AAPL, GM, BA, and PFE

by 7/9/2014 9:09 AM
Stocks quoted in this article:

Futures are pointed higher ahead of the open, with investors expressing confidence ahead of this afternoon's release of the latest Federal Open Market Committee (FOMC) meeting minutes. In company news, here are some stocks to watch today:

  • Apple Inc. (NASDAQ:AAPL) lost a court case in China, which upheld Zhizhen Internet Technology's patent rights for the speech-recognition technology it had developed. The decision now allows Zhizhen to pursue its patent-infringement case against AAPL for its voice system Siri. (Reuters, via CNBC)

  • The U.S. Senate Subcommittee on Consumer Protection, Product Safety and Insurance will hold another hearing next week focused on General Motors Company (NYSE:GM). GM CEO Mary Barra will field questions from the subcommittee, as will Rodney O'Neal, the CEO of Delphi Automotive PLC (NYSE:DLPH), which supplied the automaker with the switches linked to 13 deaths and a massive recall. (USA Today)

  • The Boeing Company (NYSE:BA) secured a $56 billion order from Dubai-based airline Emirates, a few weeks after the latter scrapped an order with BA's chief rival, Airbus. Under the agreement, BA will provide Emirates with 150 777X jets, as well as the option to buy another 50 for roughly $19 billion. (Reuters, via CNBC)

  • A class action lawsuit by shareholders against Pfizer Inc. (NYSE:PFE) was dismissed by U.S. District Judge Laura Taylor Swain, who cited the plaintiffs' "failure to proffer admissible loss causation and damages evidence." The shareholders had accused PFE of deceiving investors with respect to the safety of its pain treatments Bextra and Celebrex. (Reuters)

  • Also, Alcoa Inc (NYSE:AA), Bob Evans Farms Inc (NASDAQ:BOBE), and Container Stores Group Inc (NYSE:TCS) reported quarterly earnings. (MarketWatch; NASDAQ; Dallas News)

  • Finally, the war for the best tech talent has major Silicon Valley names upping their game to recruit top high schoolers as summer interns. For example, Facebook Inc (NASDAQ:FB) recently recruited Michael Sayman, wooing the 17-year-old by flying him out to the firm's headquarters for a meeting with CEO Mark Zuckerberg. (Bloomberg, via Mashable)

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