Schaeffer's Trading Floor Blog

Buzz Stocks: Apple Inc. (AAPL), Tesla Motors Inc (TSLA), VIVUS, Inc., and Omnicom Group Inc.

Today's stocks to watch in the news include AAPL, TSLA, VVUS, and OMC

by 5/9/2014 9:10 AM
Stocks quoted in this article:

The stock market is sitting in the red ahead of the open, as investors look forward to Dallas Fed President Richard Fisher's monetary policy speech at noon ET. In company news, here are some stocks to watch today:

  • Apple Inc. (NASDAQ:AAPL) is reportedly in talks to buy Beats Electronics LLC -- the headphone maker co-founded by hip-hop artist Dr. Dre -- for $3.2 billion. The potential acquisition would strengthen AAPL's online music offerings, too, by giving the tech titan control of Beats' streaming music service. (Bloomberg)

  • Tesla Motors Inc (NASDAQ:TSLA) may soon face a direct-to-consumer sales ban in the state of Missouri. According to TSLA's blog, Missouri auto dealers modified language in an existing bill that -- if passed -- would force consumers to purchase vehicles strictly through independent dealerships. (Reuters, via CNBC)

  • Actavis plc (NYSE:ACT) is reportedly planning to market a generic equivalent of the obesity drug Qsymia, which is manufactured by VIVUS, Inc. (NASDAQ:VVUS). However, VVUS will attempt to stop its potential rival by enforcing intellectual property rights on the diet pill. (Reuters)

  • Advertising giants Omnicom Group Inc. (NYSE:OMC) and Publicis Groupe announced that they are walking away from their planned $35 billion merger agreement. "The challenges that still remained to be overcome, in addition to the slow pace of progress, created a level of uncertainty detrimental to the interests of both groups and their employees, clients and shareholders," the companies' CEOs explained in a joint statement. (USA Today)

  • Also, Alcatel Lucent SA (ADR) (NYSE:ALU), CBS Corporation (NYSE:CBS), and News Corp (NASDAQ:NWS) reported quarterly earnings. (Bloomberg; Reuters; Huffington Post)

  • Finally, the NFL draft was held last night, and the Houston Texans selected South Carolina defensive end Jadeveon Clowney with the top overall pick. On the other hand, controversial Texas A&M quarterback Johnny "Football" Manziel slid to the Cleveland Browns at No. 22. (USA Today)


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