Schaeffer's Trading Floor Blog

Buzz Stocks: Facebook Inc (FB), Tesla Motors Inc (TSLA), BlackBerry Ltd, and GlaxoSmithKline plc (ADR)

Today's stocks to watch in the news include FB, TSLA, BBRY, and GSK

by 4/14/2014 9:17 AM
Stocks quoted in this article:

Following a down week, the stock market looks poised for a modest rebound this morning, with futures pointed slightly higher in pre-market trading. In company news, here are some stocks to watch today:

  • Within the next few weeks, Facebook Inc (NASDAQ:FB) is expected to receive regulatory approval from Ireland to become an "e-money" institution. The authorization will allow the social network to provide financial services, such as allowing users to store funds on FB and issuing electronic money that will be valid in Europe. (The Irish Times)

  • According to sources, Tesla Motors Inc (NASDAQ:TSLA) CEO Elon Musk will visit China this month for talks with Sinopec about building charging units at the refiner's nationwide chain of service stations. According to news portal, the electric charging network would begin in Beijing and gradually spread to nearby Tianjin and Hebei province. (MarketWatch)

  • BlackBerry Ltd (NASDAQ:BBRY) announced plans to release security patches for customers using its email and messaging software on Google Inc (NASDAQ:GOOGL) Android and Apple Inc. (NASDAQ:AAPL) iOS devices, in order to address the threat posed by the "Heartbleed" bug. BBRY Senior Vice President Scott Totzke specified that customers running BBM messaging and Secure Work Space corporate email are vulnerable to hackers, though he noted that the "level of risk here is extremely small" due to the company's security technology. (Reuters)

  • Poland's Central Anti-Corruption Bureau has opened a criminal investigation into GlaxoSmithKline plc (ADR) (NYSE:GSK) for allegedly bribing doctors to promote Seretide, a popular lung drug also known as Advair. GSK said it has already disciplined one employee following an internal investigation, and is currently cooperating with Polish authorities. (Chicago Tribune)

  • Also, Citigroup Inc (NYSE:C) reported quarterly earnings. (CNBC)

  • Finally, a combination of decreased supply and increased demand has led to the highest beef prices since 1987. In February, the average retail cost of fresh beef in the U.S. was $5.28 per pound. (FOX News)

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