Schaeffer's Trading Floor Blog

Buzz Stocks: General Motors Company, Starbucks Corporation, SodaStream International Ltd, and Google Inc

Today's stocks to watch in the news include GM, SBUX, SODA, and GOOGL

by 4/16/2014 9:25 AM
Stocks quoted in this article:

Futures are pointed higher this morning, as investors digest the latest batch of earnings reports. In company news, here are some stocks to watch today:

  • General Motors Company (NYSE:GM) CEO Mary Barra made her first public appearance yesterday since taking part in a series of congressional hearings earlier this month. Barra said that GM has begun to fix the more than 2.6 million faulty cars that were linked to 13 deaths, and intends to launch a "global product integrity" unit to ensure the automaker meets the highest safety standards going forward. (The New York Times)

  • Amid political pressure over alleged tax avoidance, Starbucks Corporation (NASDAQ:SBUX) announced plans to relocate its European home office to London from Amsterdam later this year. "This move will mean we pay more tax in the U.K.," the coffee giant said. (BBC News)

  • SodaStream International Ltd (NASDAQ:SODA) shares are soaring in pre-market trading after a Calcalist report said the home carbonation issue may be considering selling a major stake to a larger competitor. Counted among the potential suitors are PepsiCo, Inc. (NYSE:PEP), Dr Pepper Snapple Group Inc. (NYSE:DPS), and SBUX. (Bloomberg Businessweek)

  • Google Inc (NASDAQ:GOOGL) unveiled its new Project Ara smartphone, which features an "endoskeleton" frame that can accommodate various hardware modules, each designed for a specific task. If all goes according to plan, GOOGL will manage the endoskeleton design, while third-party developers will make modules that will be sold on an online marketplace. (MarketWatch)

  • Also, Intel Corporation (NASDAQ:INTC), Bank of America Corp (NYSE:BAC), and Yahoo! Inc. (NASDAQ:YHOO) reported quarterly earnings. (Reuters; USA Today)

  • Finally, the IRS recently audited supermodel Gisele Bundchen. The former Victoria's Secret Angel responded by blaming Forbes -- which ranked Bundchen the highest paid model in the world, with $42 million in 2013 earnings -- for the audit, claiming the publication inflated her income. Regardless, the IRS found nothing amiss with her taxes. (Orlando Sentinel)


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