Schaeffer's Trading Floor Blog

Buzz Stocks: Bank of America Corp, Ctrip.com International, Ltd., Barnes & Noble, Inc., and Yelp Inc

Today's stocks to watch in the news include BAC, CTRP, BKS, and YELP

by 8/7/2014 9:23 AM
Stocks quoted in this article:

U.S. stocks are headed higher this morning, as traders weigh a drop in weekly jobless claims against an economic tit-for-tat with Russia. In company news, today's stocks to watch include financial firm Bank of America Corp (NYSE:BAC), Chinese travel website Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP), book behemoth Barnes & Noble, Inc. (NYSE:BKS), and online review issue Yelp Inc (NYSE:YELP).

  • Bank of America Corp (NYSE:BAC) is reportedly on the cusp of inking the largest-ever corporate settlement with the feds. Specifically, the company could pay more than $16.5 billion to end the Department of Justice's probe into toxic mortgages sold by BAC unit Countrywide Financial Corp., sources say. (Charlotte Business Journal)

  • Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP) is pointed higher ahead of the bell, after Priceline Group Inc (NASDAQ:PCLN) said it will invest $500 million in the firm. (MarketWatch)

  • Barnes & Noble, Inc. (NYSE:BKS) has partnered with Google Inc (NASDAQ:GOOGL) to give Amazon.com, Inc. (NASDAQ:AMZN) a run for its money. The duo today began offering same-day book delivery in select markets. (The New York Times)

  • Yelp Inc (NYSE:YELP) was slapped with a shareholder lawsuit, claiming executives sold more than $81 million in stock while misrepresenting the company's condition. More specifically, the lawsuit -- filed in a U.S. District Court in San Francisco -- says Yelp execs knew that their website "included fraudulent reviews." (Reuters)

  • Finally, The Wendy's Co (NASDAQ:WEN) said second-quarter earnings more than doubled, and announced plans to sell its Canadian restaurants to franchisees. Elsewhere on the earnings front, Keurig Green Mountain Inc (NASDAQ:GMCR) and Transocean Ltd. (NYSE:RIG) reported. (MarketWatch; Reuters)

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