Schaeffer's Trading Floor Blog

Buzz Stocks: Apple Inc. (AAPL), Nokia Corporation (ADR), The Coca-Cola Company, and Target Corporation

Today's stocks to watch in the news include AAPL, NOK, KO, and TGT

by 5/5/2014 9:18 AM
Stocks quoted in this article:

Futures are being pressured south ahead of the open, following the latest batch of earnings reports and troubling weekend developments between Ukraine and Russia. In company news, here are some stocks to watch today:

  • On Friday, a jury ordered Samsung Electronics to pay Apple Inc. (NASDAQ:AAPL) nearly $120 million for infringing on two of its competitors' patents. Although the award would normally be considered large, it's less than 10% of what AAPL had requested, and "probably doesn't surpass by too much the amount Apple spent litigating this case," one pundit noted. (Reuters, via CNBC)

  • Nokia Corporation (ADR) (NYSE:NOK) has started a $100 million fund focused on improving the technology found in "smart" cars. In particular, NOK wants to advance vehicles' mapping services, including their ability to detect nearby automobiles, for the sake of enhancing driver safety. (BBC News)

  • The Coca-Cola Company (NYSE:KO) has pulled brominated vegetable oil (BVO) from its Powerade sports drinks, after earlier reports linked the ingredient to a flame retardant. Just last year, in fact, PepsiCo, Inc. (NYSE:PEP) removed BVO from its Gatorade products, in response to a Change.org campaign that garnered 200,000-plus online signatures. (TIME)

  • Gregg Steinhafel, president and CEO of Target Corporation (NYSE:TGT), announced earlier this morning that he was stepping down from his duties, in the wake of an embarrassing holiday-season data breach. Chief Financial Officer John Mulligan will assume both positions on an interim basis. (USA Today)

  • Also, Pfizer Inc., (NYSE:PFE), Chevron Corporation (NYSE:CVX), and Tyson Foods, Inc. (NYSE:TSN) reported quarterly earnings. (MarketWatch; USA Today; Bloomberg)

  • Finally, Rakesh "Rocky" Agrawal -- who was hired less than two months ago as director of strategy for eBay Inc's (NASDAQ:EBAY) PayPal unit -- was fired after insulting a pair of colleagues on Twitter Inc (NYSE:TWTR) last Friday night. In one tweet, Agrawal described one co-worker as "useless," and in another, called for someone to be fired. (The Washington Post)


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