Schaeffer's Trading Floor Blog

Buzz Stocks: Herbalife Ltd., Facebook Inc (FB), CIT Group Inc., and Yahoo! Inc.

Today's stocks to watch in the news are HLF, FB, CIT, and YHOO

by 7/22/2014 9:26 AM
Stocks quoted in this article:

Futures for U.S. markets are in the green this morning, as geopolitical fears subside. In company news, here are some stocks to watch today.

  • All eyes will be on Herbalife Ltd. (NYSE:HLF) today, after hedge fund manager Bill Ackman of Pershing Square promised on Monday that he will "expose an incredible fraud"on the part of the nutritional supplements company. Ackman is slated to give a presentation in New York at 10 a.m. ET. (USA Today)

  • Facebook Inc (NASDAQ:FB) announced yesterday it has launched a "Save" feature for its iOS, Android, and website that will allow users to store links to view later. While the new feature will give Facebook users the ability to quickly find links and content that they may not have time to read at present, it could also give the company insight into what subscribers deem most important. (TechCrunch)

  • In M&A news, CIT Group Inc. (NYSE:CIT) has agreed to buy the parent company of OneWest Bank in a cash-and-stock deal totaling $3.4 billion, as it looks to boost its lending capabilities. Elsewhere, Yahoo! Inc. (NASDAQ:YHOO) will purchase mobile ad issue Flurry for an undisclosed sum. (The New York Times; Forbes)

  • Jana Partners LLC is pushing for a change at Apache Corporation (NYSE:APA), of which it holds a more than $1 billion stake. In a letter to shareholders on Monday, the hedge fund said, "Investors are unimpressed by [Apache]'s global diversification and have voted with their feet." Specifically, Jana wants APA to unload its two projects in Canada and Australia, and focus more on domestic drilling. (MarketWatch)

  • Meanwhile, earnings reports were issued from McDonald's Corporation (NYSE:MCD), Verizon Communications Inc. (NYSE:VZ), Chipotle Mexican Grill, Inc. (NYSE:CMG), Comcast Corporation (NASDAQ:CMCSA), Netflix, Inc. (NASDAQ:NFLX), and Texas Instruments Incorporated (NASDAQ:TXN). (CNBC; USA Today; CNN, MarketWatch; Bloomberg Businessweek; FOX Business)

  • Finally, Apple Inc. (NASDAQ:AAPL) -- which unveils its quarterly earnings results after tonight's close -- has reportedly snagged its biggest initial order yet for the iPhone 6. Specifically, sources at The Wall Street Journal say the company's orders for the two newest iterations of the iPhone are up roughly 20 million to 30 million units from last year's release of the iPhone 5s and 5c. (TechCrunch)

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