Schaeffer's Trading Floor Blog

Buzz Stocks: Herbalife Ltd., Cisco Systems, Inc., Twitter Inc, and Unilever N.V. (ADR)

Today's stocks to watch in the news include HLF, CSCO, TWTR, and UN

by 3/24/2014 9:18 AM
Stocks quoted in this article:

Futures are up this morning, as investors look ahead to the impending release of the flash purchasing managers index (PMI) for March. In company news, here are some stocks to watch today:

  • Herbalife Ltd. (NYSE:HLF) has agreed to nominate three Carl Icahn-backed candidates to its board of directors. "This is a very positive agreement and we appreciate the Icahn parties' shared confidence in Herbalife's continued success," Chairman and CEO Michael O. Johnson said. (Bloomberg Businessweek)

  • According to The Wall Street Journal, Cisco Systems, Inc. (NASDAQ:CSCO) plans to spend $1 billion during the next two years in order to help with the launch of Cisco Cloud Services. "Customers, providers and channel partners ... want to rapidly deploy valuable enterprise-class cloud experiences for key customers -- all while mitigating the risk of capital investment," said Rob Lloyd, president of development and sales, explaining the hardware firm's foray into cloud computing and data management. (Reuters)

  • Twitter Inc (NYSE:TWTR) will be shuttering its #Music app on April 18, just one year after it launched. The app was initially a success -- climbing to the top of the free music apps category -- but gradually fell as enthusiasm waned amid a lack of song recommendations. (Billboard)

  • Unilever N.V. (ADR) (NYSE:UN) is putting its Ragu brand on the selling block, where the nation's leading spaghetti sauce could be worth up to $2 billion. Among the leading candidates to purchase Ragu are Hormel Foods Corp (NYSE:HRL) and The J.M. Smucker Company (NYSE:SJM), inside sources report. (Bloomberg Businessweek)

  • Also, ReneSola Ltd. (ADR) (NYSE:SOL) reported quarterly earnings. (MarketWatch)

  • Finally, opening-weekend ticket sales for Divergent came in at $56 million, placing the action movie at the top of the box office list. While that number pales in comparison to the $153 million grossed by the first Hunger Games installment -- also distributed by Lions Gate Entertainment Corp. (USA) (NYSE:LGF) -- analysts largely agree that it's enough to justify a trilogy. (USA Today)

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