Schaeffer's Trading Floor Blog

Buzz Stocks: Apple Inc. (AAPL), Pfizer Inc., General Motors Company, and Pilgrim's Pride Corporation

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

by 5/27/2014 9:09 AM
Stocks quoted in this article:

Following the long holiday weekend, the bulls appear to be in control, as futures are pointed higher in pre-market trading. In company news, here are some stocks to watch today:

  • According to The Financial Times, Apple Inc. (NASDAQ:AAPL) will unveil a new software platform at next month's Worldwide Developer Conference, designed to automate various in-home systems via an iOS-compatible device. For example, a user could allow his iPhone to coordinate everyday tasks such as turning lights on, activating home security systems, and adjusting the thermostat. (ZDNet)

  • Pfizer Inc. (NYSE:PFE) said yesterday it is walking away from its final proposal to buy AstraZeneca plc (ADR) (NYSE:AZN). AZN's board had previously rejected the offer, citing PFE's failure "to make a compelling strategic, business or value case." (CNNMoney)

  • More bad news for General Motors Company (NYSE:GM): Canada's transport ministry is investigating a pair of fatal crashes involving cars that were subject to recall, due to faulty ignition switches. Also, Australian subsidiary GM Holden announced a recall of roughly 46,000 vehicles in Australia and New Zealand, related to defective seatbelts. (Reuters; The New York Times)

  • Pilgrim's Pride Corporation (NASDAQ:PPC) has offered to buy Hillshire Brands Co (NYSE:HSH) for $6.4 billion, or $45 per share. However, the proposal is competing with HSH's own plans to purchase Pinnacle Foods Inc (NYSE:PF), in a deal totaling $6.7 billion in cash, stock, and debt. (Chicago Tribune)

  • Elsewhere, AutoZone, Inc. (NYSE:AZO) and JinkoSolar Holding Co., Ltd. (NYSE:JKS) reported quarterly earnings. (MarketWatch; Reuters)

  • Finally, EMarketer Inc. predicts Twitter Inc's (NYSE:TWTR) growth will come from overseas, as expansion in the microblogging site's domestic user base sinks to 12% this year and into the single digits in 2015. For example, the research firm projected 17% and 57% growth in Japan and India, respectively -- TWTR's second- and third-largest markets, behind the U.S. -- in 2014. (Bloomberg Businessweek)

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