Schaeffer's Trading Floor Blog

Buzz Stocks: Facebook Inc (FB), T-Mobile US Inc, Visa Inc, and American Apparel Inc

Today's stocks to watch in the news include FB, TMUS, V, and APP

by 6/19/2014 9:08 AM
Stocks quoted in this article:

The major market indexes are chopping around breakeven ahead of the open, following yesterday afternoon's Fed-induced rally. In company news, here are some stocks to watch today:

  • Facebook Inc (NASDAQ:FB) suffered a brief outage earlier this morning, affecting users in the U.S. and several European countries. Many of those same users rushed to Twitter Inc (NYSE:TWTR), where they voiced their frustration and mocked the social network, using the hashtag "Facebookisdown." (CNBC)

  • T-Mobile US Inc (NYSE:TMUS) continued its aggressive growth strategy yesterday, announcing it will allow customers to stream unlimited music from services such as Pandora Media Inc (NYSE:P) and Spotify, regardless of data plan. Also, TMUS introduced an ad-free service called UnRadio, as well as a one-week free trial period for customers that want to try an Apple Inc. (NASDAQ:AAPL) iPhone. (The New York Times)

  • According to The Wall Street Journal, Russia will "substantially lower" the deposit requirements it has imposed on MasterCard Inc (NYSE:MA) and Visa Inc (NYSE:V) in order for them to continue operating in the country. The decision comes months after the credit card giants expressed outrage over the deposit provisions, which -- effective July 1 -- will force card operations to go through a national payment system, and require MA and V to provide Russia with collateral in case of service disruptions. (FOX Business)

  • American Apparel Inc's (NYSEMKT:APP) board has removed founder Dov Charney from his role as CEO due to allegations of misconduct. Employees at a downtown APP factory in L.A. (where the company is based) expressed disbelief over the decision, with one worker calling the former executive a "role model," and another citing the fair hours and wages the retailer paid under Charney's watch. (Los Angeles Times)

  • Also, BlackBerry Ltd (NASDAQ:BBRY), Red Hat Inc (NYSE:RHT), and Rite Aid Corporation (NYSE:RAD) announced quarterly earnings. (CNBC; USA Today, MarketWatch)

  • Finally, the Trademark Trial and Appeal Board yesterday stripped the Washington Redskins of six trademarks related to the NFL team's name, on the grounds that it is "disparaging to Native Americans." However, the squad's trademark lawyer expressed optimism that the 2-1 decision will be overturned on appeal, adding, "today's ruling will have no effect at all on the team's ownership of and right to use the Redskins name and logo." (The New York Times)

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