Schaeffer's Trading Floor Blog

Buzz Stocks: Apple Inc. (AAPL), Google Inc, Broadcom Corporation, and Marathon Oil Corporation

Today's stocks to watch in the news include AAPL, GOOGL, BRCM, and MRO

by 6/2/2014 9:11 AM
Stocks quoted in this article:

Futures are churning slightly above breakeven ahead of the open, with Markit's purchasing managers manufacturing index (PMI) and the Institute for Supply Management's (ISM) manufacturing index both slated for release later this morning. In company news, here are some stocks to watch today:

  • Apple Inc. (NASDAQ:AAPL) will kick off its annual Worldwide Developers Conference today, and is expected to debut a number of innovations. For example, analysts are anticipating AAPL will release a redesigned OS X for Mac, home automation technology, and iOS 8 for iPhone and iPad -- which could include a Healthbook app, designed to measure users' vital signs. (CNNMoney)

  • According to The Wall Street Journal, Google Inc (NASDAQ:GOOGL) intends to spend upwards of $1 billion to purchase 180 satellites, which will help advance the company's desire to provide worldwide Internet access. The initial satellites, which weigh less than 250 pounds each, will orbit the planet from space, at a lower altitude than most other aircrafts. (The Verge)

  • Broadcom Corporation (NASDAQ:BRCM) is exploring strategic options, including a potential sale, for its cellular baseband operations. Offloading the business will allow BRCM to cut costs by roughly $700 million, part of which it intends to re-invest in its broadband, infrastructure, and connectivity units. (Bloomberg)

  • Marathon Oil Corporation (NYSE:MRO) announced the sale of its North Sea oil operation to Norway-based Det Norske Oljeselskapis for $2.1 billion in cash. Included in the transaction -- which awaits regulatory approval and will likely close in the fourth quarter -- is MRO's production, storage, and offloading vessel, as well as its production licenses. (The New York Times)

  • Finally, demand for pet hedgehogs is reportedly on the rise, even though six states and Washington, D.C., have banned the prickly creatures. Breeders are attributing the hedgehog's rising popularity to its low care requirements, and the fact they are generally hypoallergenic, odorless, and solitary. (Associated Press, via SFGate)

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