Schaeffer's Trading Floor Blog

Buzz Stocks: Apple Inc. (AAPL), International Business Machines Corp., Electronic Arts Inc., and AOL, Inc.

Today's stocks to watch in the news include AAPL, IBM, EA, and AOL

by 2/7/2014 9:00 AM
Stocks quoted in this article:

Futures are pointed higher this morning, as the bulls attempt to add to yesterday's gains. In company news, here are some stocks to watch today:

  • In the two weeks since announcing underwhelming fiscal first-quarter results, Apple Inc. (NASDAQ:AAPL) has bought back $14 billion worth of shares, according to The Wall Street Journal. "It means that we are betting on Apple," CEO Tim Cook said. "It means that we are really confident on what we are doing and what we plan to do. We are not just saying that. We are showing that with our actions." (The New York Times)

  • International Business Machines Corp. (NYSE:IBM) has hired Goldman Sachs Group Inc (NYSE:GS) to help identify potential buyers for IBM's semiconductor operation, the Financial Times reported. Alternatively, it's possible that IBM may try to find a joint venture partner for the business, rather than selling it outright. (Reuters)

  • Electronic Arts Inc. (NASDAQ:EA) is delaying the release of the Xbox 360 version of Titanfall -- one of the most anticipated games of the year -- until March 25. Apparently, developer Bluepoint needs extra time to "put the finishing touches on the game." (GameSpot)

  • AOL, Inc. (NYSE:AOL) announced a change to its 401(k) plan, which will require employees to stay through the end of the calendar year in order to receive the company's matching contribution -- meaning workers who quit before Jan. 1, 2015, will receive nothing. Chairman and CEO Tim Armstrong explained that the Affordable Care Act is costing AOL $7.1 million in 2014, forcing the Internet firm to make cuts elsewhere. (MarketWatch)

  • Also, Activision Blizzard, Inc. (NASDAQ:ATVI) and LinkedIn Corp (NYSE:LNKD) reported quarterly earnings. (MarketWatch; CNNMoney)

  • Finally, after the Department of Homeland Security announced that terrorists may be smuggling explosive components onto planes via toothpaste tubes, the Transportation Security Administration (TSA) decided to temporarily ban all carry-on liquids for travelers flying to Russia. The fear stems from a rash of suicide bombings that have recently occurred in Russia. (Mashable)

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