Schaeffer's Trading Floor Blog

Buzz Stocks: Google Inc, Unilever plc (ADR), CYNK Technology Corp, and Reynolds American, Inc.

Today's stocks to watch in the news include GOOGL, UL, CYNK, and RAI

by 7/11/2014 9:11 AM
Stocks quoted in this article:

With a couple speeches from Federal Reserve officials on tap for today, investors are expressing optimism ahead of the bell, as futures are sitting modestly higher. In company news, here are some stocks to watch today:

  • London-based tech startup This Place has hacked Google Inc (NASDAQ:GOOGL) Glass -- combining it with an electroencephalography (EEG) headset and MindRDR software -- allowing a user to take pictures just by thinking about it. "We have not reviewed, nor approved, the app so it won't be available in the Glass app store," a GOOGL spokesperson said in response to the report. (BBC News)

  • Unilever plc (ADR) (NYSE:UL) announced the sale of its Slim-Fast weight-loss brand to private equity firm Kainos Capital for an undisclosed sum. UL will retain a minority stake in Slim-Fast, but is attempting to focus its U.S. portfolio more on higher-margin personal care products. (Reuters)

  • CYNK Technology Corp (OTCMKTS:CYNK) is confounding market experts, after posting a 25,000% return in less than a month. The strangest part: The latest Securities and Exchange Commission (SEC) filing of the so-called "social marketplace" listed no assets or revenue as of November 2013, as well as a fiscal-year loss of $1.5 million. (CNNMoney)

  • Amid talks of a merger between cigarette giants Reynolds American, Inc. (NYSE:RAI) and Lorillard Inc. (NYSE:LO), Imperial Tobacco Group PLC said it's trying to acquire certain brands and assets from both companies. Earlier this week, rumors surfaced that British American Tobacco was considering an unsolicited bid for RAI, of which it already owns a 42% stake. (Associated Press, via FOX Business)

  • Also, Wells Fargo & Co (NYSE:WFC) reported quarterly earnings. (USA Today)

  • Finally, later today, President Barack Obama will publicly introduce an initiative that seeks to get larger companies to commit to paying their smaller suppliers in a more timely manner. Twenty-six major firms -- including The Coca-Cola Company (NYSE:KO) and Johnson & Johnson (NYSE:JNJ) -- have already signed on to the program, with the White House hoping that faster payments will facilitate hiring and infrastructure updates among small businesses. (Bloomberg Businessweek)


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