Schaeffer's Trading Floor Blog

Buzz Stocks: BlackBerry Ltd, Amazon.com, Inc., Wells Fargo & Co, and MannKind Corporation

Today's stocks to watch in the news include BBRY, AMZN, WFC, and MNKD

by 4/2/2014 9:09 AM
Stocks quoted in this article:

The stock market is edging higher in pre-market activity, with the Automatic Data Processing (ADP) employment report and weekly crude inventory data in focus. In company news, here are some stocks to watch today:

  • The relationship between BlackBerry Ltd (NASDAQ:BBRY) and T-Mobile US Inc (NYSE:TMUS) will come to an end later this month, after the smartphone maker decided not to renew a licensing deal that allowed TMUS to sell its products. Tension between the firms arose in February, after TMUS began promoting Apple Inc.'s (NASDAQ:AAPL) iPhone 5s to its existing BBRY customers. (PCWorld)

  • Amazon.com, Inc. (NASDAQ:AMZN) customers living in major metropolitan areas can now return merchandise without having to mail it back. The online retailer has erected large locker units in grocery stores and other locations throughout the country, where unsatisfied buyers can simply drop off their products after contacting AMZN for a locker combination. (The Wall Street Journal)

  • Wells Fargo & Co (NYSE:WFC) has entered into a 10-year agreement to issue credit cards for Dillard's, Inc. (NYSE:DDS) shoppers. WFC, which has provided banking services to DDS for years, has traditionally lagged behind its rivals with respect to issuing private-label credit cards, but aims to bolster its position with this move. (Reuters)

  • A Food and Drug Administration (FDA) advisory panel voted to approve MannKind Corporation's (NASDAQ:MNKD) inhaled diabetes treatment, Afrezza, for both Type 1 and Type 2 diabetes -- though the FDA does not need to follow the recommendation. MNKD has been working for seven-plus years to get approval for the drug, which the FDA has already rejected twice; regulators are expected to decide whether to clear the drug for sale by Tuesday, April 15. (Los Angeles Times)

  • Also, Apollo Education Group Inc (NASDAQ:APOL) and Monsanto Company (NYSE:MON) reported quarterly earnings. (Reuters; MarketWatch)

  • Finally, food industry research firm Technomic said preliminary data shows Chick-fil-A widening its lead over Yum! Brands, Inc.'s (NYSE:YUM) KFC as the top chicken chain in the U.S. While Colonel Sanders has many more stores than Chick-fil-A (4,438 vs. 1,775), his restaurant's 2013 sales of $4.22 billion came up well short of Chick-fil-A's $5.05 billion. (New York Daily News)


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