Schaeffer's Trading Floor Blog

Buzz Stocks: General Mills, Inc., Kraft Foods Group Inc, Pfizer Inc., and American Airlines Group Inc

Today's stocks to watch in the news include GIS, KRFT, PFE, and AAL

by 4/21/2014 9:17 AM
Stocks quoted in this article:

It appears the stock market will sustain its upward momentum from late last week, as futures are pointed higher in pre-market trading. In company news, here are some stocks to watch today:

  • Following the public outcry over a change to its terms of service, General Mills, Inc. (NYSE:GIS) has scrapped the revised language and returned to the original terms. The now-voided language could have limited customers' right to sue GIS, saying, "all disputes related to the purchase or use of any General Mills product or service [are] to be resolved through binding arbitration." (CNNMoney)

  • Kraft Foods Group Inc (NASDAQ:KRFT) has issued a recall of nearly 100,000 pounds of "Oscar Mayer Classic Wieners" packages because they may actually contain "Classic Cheese Dogs." Fortunately, despite the prevalence of milk allergies, there have been no reports of illness caused by the consumption of cheese -- which isn't an ingredient in the Classic Wieners, and thus, isn't listed on the packaging. (USA Today)

  • Despite having a $101 billion takeover bid rejected, Pfizer Inc. (NYSE:PFE) may continue its pursuit of AstraZeneca plc (ADR) (NYSE:AZN). PFE is especially interested in AZN's immunotherapies, which strengthen the body's ability to fight cancerous tumors. (Reuters)

  • A federal judge has denied AMR Corp. -- now a part of American Airlines Group Inc (NASDAQ:AAL) -- the right to cut off the retiree benefits of former union workers, even though the firm filed for bankruptcy in 2011. The conflict could now proceed to negotiations or end up in court again. (Associated Press, via Los Angeles Times)

  • Also, Halliburton Company (NYSE:HAL), Hasbro, Inc. (NASDAQ:HAS), and Kimberly Clark Corp (NYSE:KMB) reported quarterly earnings. (MarketWatch; Reuters)

  • Finally, a teenage boy recently snuck aboard a Hawaiian Holdings, Inc. (NASDAQ:HA) flight to Maui from San Jose, Calif., and survived -- despite being stuck in the wheel well for the duration of the trip. An FBI spokesman said the boy was unconscious for the majority of the flight and remembers nothing. (Mashable)

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