Schaeffer's Trading Floor Blog

Buzz Stocks: Google Inc, Starbucks Corporation, Tesla Motors Inc (TSLA), and Energy XXI (Bermuda) Limited

Today's stocks to watch in the news include GOOG, SBUX, TSLA, and EXXI

by 3/12/2014 9:10 AM
Stocks quoted in this article:

Concerns about China's economy and Ukraine's political instability are pressuring futures lower this morning. In company news, here are some stocks to watch today:

  • With Google Inc (NASDAQ:GOOG) stock set to split into two classes, Standard & Poor's announced that it will alter its policy of allowing a company to be represented only once on its indexes. As a result, GOOG will soon have two classes of stock on the S&P 500 Index (SPX), bringing the number of equities beyond the iconic half-millennium mark for the first time ever. (MarketWatch)

  • Starbucks Corporation (NASDAQ:SBUX) plans to update its mobile payment app for the Apple Inc. (NASDAQ:AAPL) iPhone, effective March 19. Among the many revisions, the app will include a "shake to pay" feature, and allow SBUX customers to tip in small increments. (ZDNet)

  • Starting April 1, Tesla Motors Inc (NASDAQ:TSLA) will no longer sell cars in New Jersey, after the state's Motor Vehicle Commission voted to prohibit automakers from selling cars directly to customers. Arizona and Texas have already enacted similar bans. (Forbes)

  • Energy XXI (Bermuda) Limited (NASDAQ:EXXI) has reached an agreement to buy EPL Oil & Gas Inc (NYSE:EPL) for $39 per share, or $1.5 billion. The deal will consist of both cash and stock, and will make EXXI the biggest publicly traded independent oil producer on the Gulf of Mexico shelf. (Bloomberg)

  • Also, Express, Inc. (NYSE:EXPR), The Men's Wearhouse, Inc. (NYSE:MW), and VeriFone Systems Inc (NYSE:PAY) reported quarterly earnings. (MarketWatch; The Wall Street Journal)

  • Finally, photographer Karen Abad has been uploading photos of a smiling baby posing as characters from several hit TV shows. Among the roles in which little Olivia has been cast: ruthless politician Francis Underwood from the Netflix, Inc. (NASDAQ:NFLX) series House of Cards, and chemistry teacher Walter White from AMC Networks Inc's (NASDAQ:AMCX) Breaking Bad. (Mashable)

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