Schaeffer's Trading Floor Blog

Buzz Stocks: AT&T Inc., United Continental Holdings Inc, Jos. A. Bank Clothiers Inc, and Twitter Inc

Today's stocks to watch in the news include T, UAL, JOSB, and TWTR

by 2/3/2014 9:03 AM
Stocks quoted in this article:

Futures are little changed ahead of the open, with investors looking ahead to the release of the ISM manufacturing index and construction spending figures later this morning. In company news, here are some stocks to watch today:

  • AT&T Inc. (NYSE:T) is slashing prices on family plans, and extending additional discounts to both new and existing customers. According to the company, the best deal is an unlimited talk-and-text family plan that includes 10GB of data for $160 per month -- undercutting competitors' rates by up to $100. (CNNMoney)

  • United Continental Holdings Inc (NYSE:UAL) intends to close its hub in Cleveland, citing a persistent lack of demand. CEO Jeff Smisek confirmed that up to 470 workers may be laid off, but pilots and flight attendants will not be affected. (Chicago Tribune)

  • Over the weekend, Jos. A. Bank Clothiers Inc (NASDAQ:JOSB) rebuffed another buyout bid from The Men's Wearhouse, Inc. (NYSE:MW), and is instead looking to acquire other retailers. Specifically, JOSB has reportedly had preliminary discussions with Eddie Bauer owner Golden Gate Capital about purchasing the casual apparel chain. (Bloomberg)

  • Twitter Inc (NYSE:TWTR) has reached a deal with 300 Entertainment, allowing the startup to analyze private and public music data on the social media platform in order to identify talent. "Music is the largest topic of conversation on Twitter, so we're really invested in building a win-win environment for fans, artists, labels, promoters and music services," said Bob Moz, TWTR's head of music. "This partnership is a great example because it is about helping artists and labels find each other." (Mashable)

  • Also, SYSCO Corporation (NYSE:SYY) reported quarterly earnings. (MarketWatch)

  • Finally, if you noticed typos in J.C. Penney Company, Inc.'s (NYSE:JCP) tweets during last night's Super Bowl, the retailer wants you to know that it was by design. "This is part of a stunt our social team is doing tonight to promote the Go USA mittens we are selling (proceeds benefit the United States Olympic Committee - also our J.C. Penney Cares partner this January)," JCP said in a written statement yesterday. "Our social team is tweeting with their 'mittens on'." (CNBC)

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