Schaeffer's Trading Floor Blog

Buzz Stocks: AT&T Inc., Wal-Mart Stores, Inc., Renren Inc, and Goldcorp Inc. (USA)

Today's stocks to watch in the news include T, WMT, RENN, and GG

by 4/10/2014 9:22 AM
Stocks quoted in this article:

Futures are churning south of breakeven this morning, as investors digest weekly jobless claims as well as import and export prices. In company news, here are some stocks to watch today:

  • AT&T Inc. (NYSE:T) intends to roll out its U-verse GigaPower fiber-optic service to six cities in North Carolina, as competition among Internet providers heats up within the state. The service will eventually reach speeds up to 1 gigabit per second, or roughly 100 times a typical Web connection. (Bloomberg Businessweek)

  • Wal-Mart Stores, Inc. (NYSE:WMT) is teaming with organic food brand Wild Oats to help boost the retail chain's grocery sales and bring organic foods into the mainstream. WMT will carry organic products such as olive oil, salsa, and tomato paste, and intends to price them on par with their non-organic counterparts. (FOX Business)

  • Renren Inc (NYSE:RENN) CEO Joseph Chen claims he is unfazed by the condition of the social network's stock, despite it shedding almost 80% since its May 2011 IPO. "Building a company for long-term success, you're going to have your own ups and downs," Chen said. "We try consciously to let ourselves not be influenced by the stock price. We try to stay optimistic when the stock is high or low." (CNBC)

  • Goldcorp Inc. (USA) (NYSE:GG) has increased its buyout offer for Osisko Mining Corp to roughly $3.3 billion. However, Osisko CEO Sean Roosen believes that Yamana Gold Inc.'s (USA) (NYSE:AUY) earlier bid for half of his firm's assets remains more attractive. (FOX Business)

  • Also, Bed Bath & Beyond Inc. (NASDAQ:BBBY), Family Dollar Stores, Inc. (NYSE:FDO), Pier 1 Imports Inc (NYSE:PIR), and Rite Aid Corporation (NYSE:RAD) reported quarterly earnings. (Forbes; Reuters; Dallas Business Journal; MarketWatch)

  • Finally, according to a study conducted by the Cochrane Collaboration, Roche Holding Ltd.'s Tamiflu shows no signs of stopping the flu from spreading or reducing flu-related complications such as pneumonia. However, the study does not question the drug's ability to treat flu symptoms. (MarketWatch)

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