Schaeffer's Trading Floor Blog

Buzz Stocks: Google Inc, The Walt Disney Company, Safeway Inc., and American Eagle Outfitters

Today's stocks to watch in the news include GOOG, DIS, SWY, and AEO

by 3/25/2014 9:10 AM
Stocks quoted in this article:

Futures are pointed higher in pre-market trading, as the stock market attempts to recover from yesterday's dip. In company news, here are some stocks to watch today:

  • Google Inc's (NASDAQ:GOOG) Glass eyewear has found a new design and distribution partner in Luxottica Group SpA (ADR) (NYSE:LUX), which owns popular brands such as Oakley and Ray-Ban. LUX CEO Andrea Guerra said the hi-tech glasses will reach the market by next year. (Reuters)

  • The Walt Disney Company (NYSE:DIS) has agreed to purchase Maker Studios for $500 million, plus another potential $450 million if the YouTube programmer achieves certain performance targets. "Short-form online video is growing at an astonishing pace and with Maker Studios, Disney will now be at the center of this dynamic industry with an unmatched combination of advanced technology and programming expertise and capabilities," said DIS Chairman and CEO Robert Iger. (CNET)

  • Safeway Inc. (NYSE:SWY) declared a special dividend, through which it will distribute most of its holdings in Blackhawk Network Holdings Inc (NASDAQ:HAWK), the gift card company it took public last year. Stakeholders in the grocery chain will receive approximately 0.16 share of HAWK Class B common stock per SWY share owned. (Bloomberg Businessweek)

  • Yesterday, American Eagle Outfitters (NYSE:AEO) announced the launch of a new clothing line for dogs called "American Beagle Outfitters." However, given the teen apparel retailer's history of viral pranks, it's unclear whether the items being advertised on AEO's website as "coming soon" will actually be sold, or if they're just part of a publicity stunt. (Mashable)

  • Also, Sonic Corporation (NASDAQ:SONC) and Walgreen Company (NYSE:WAG) reported quarterly earnings. (MarketWatch; FOX Business)

  • Finally, Russian billionaire Mikhail Prokhorov, who owns the Brooklyn Nets, plans to move the company that manages the NBA team to his home country. It's believed that Prokhorov is doing so in deference to Russian President Vladimir Putin, who has called on Russian businessmen to repatriate their assets in order to protest U.S. sanctions. (Reuters)

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