Schaeffer's Trading Floor Blog

Buzz Stocks: AT&T Inc., Ford Motor Company, Sprint Corporation, and Merck & Co., Inc.

Today's stocks to watch in the news include T, F, S, and MRK

by 5/1/2014 9:26 AM
Stocks quoted in this article:

In the wake of yesterday's Fed policy statement, futures are churning around breakeven ahead of the open. In company news, here are some stocks to watch today:

  • According to The Wall Street Journal, AT&T Inc. (NYSE:T) is in talks with DIRECTV (NASDAQ:DTV) about a potential takeover of the satellite television name. The possible deal is expected to be worth upwards of $40 billion, and would merge the second largest U.S. mobile provider with the second biggest pay TV provider. (Reuters)

  • This morning, Ford Motor Company (NYSE:F) officially named Chief Operating Officer Mark Fields as its next CEO. The 25-year Ford veteran will replace Alan Mulally, who led the company back to profitability after years of steep losses. (CNBC)

  • Insiders are reporting that Sprint Corporation (NYSE:S) will continue to push for a takeover of rival T-Mobile US Inc (NYSE:TMUS). Last month, top S executives met with six banks to ensure that the institutions would be ready to finance a potential deal, should one transpire; so far, however, financing agreements haven't been signed, as Sprint hasn't settled on how to pay for the acquisition. (Bloomberg)

  • Merck & Co., Inc. (NYSE:MRK) reportedly may sell a portfolio of off-patent drugs, which could be worth more than $15 billion. The drugs -- many of which are sold in emerging markets -- are expected to be attractive to generic pharmaceutical firms. (Reuters)

  • Also, Exxon Mobil Corporation (NYSE:XOM), MasterCard Inc (NYSE:MA), Sony Corp (ADR) (NYSE:SNE), TMUS, and Yelp Inc (NYSE:YELP) reported quarterly earnings. (CNBC; Reuters; Bloomberg; TechCrunch)

  • Finally, Oprah Winfrey may join a group of investors that includes Oracle Corporation (NYSE:ORCL) CEO Larry Ellison and media mogul David Geffen to buy the Los Angeles Clippers, should the NBA force current owner Donald Sterling to sell the team. However, Winfrey would not be involved in the squad's day-to-day operations, preferring to leave that responsibility to her business partners. (ESPN)


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