Schaeffer's Trading Floor Blog

Buzz Stocks: MasterCard Inc, Johnson & Johnson, The Coca-Cola Company, and AT&T Inc.

Today's stocks to watch in the news include MA, JNJ, KO, and T

by 3/10/2014 8:49 AM
Stocks quoted in this article:

The major market indexes are churning around breakeven this morning, with traders awaiting a speech from Chicago Fed President Charles Evans early this afternoon. In company news, here are some stocks to watch today:

  • Following a rash of data breaches at major U.S. retailers, MasterCard Inc (NYSE:MA) and Visa Inc (NYSE:V) have joined forces in order to launch a cross-industry group aimed at improving credit and debit card security. The group will initially look into the potential adoption of EMV chips, which store sensitive user information, but are more difficult to counterfeit than traditional magnetic strips. (Reuters)

  • Johnson & Johnson (NYSE:JNJ) announced the sale of its K-Y personal lubricants brand to Reckitt Benckiser. The product line is offered in upwards of 50 countries, and raked in net sales of roughly $100 million in 2013. (Bloomberg Businessweek)

  • Chiquita Brands International Inc (NYSE:CQB) struck a deal to merge with Dublin-based Fyffes to create the largest banana seller in the world, with annual sales exceeding 160 million boxes. The combined company will be called ChiquitaFyffes, and will operate in more than 70 countries. (The Washington Post)

  • Following last year's mixed financial results, The Coca-Cola Company (NYSE:KO) announced sizeable pay cuts for the majority of its top executives. For example, CEO Muhtar Kent saw his compensation package dropped by a third to $20.4 million. (The Atlanta Journal-Constitution)

  • Finally, AT&T Inc. (NYSE:T) slashed the price of its Mobile Share Value plan to $65 per month from $80 per month. The 2GB single-line plan includes unlimited minutes and texting within the U.S., as well as access to T's 4G LTE network. (CNNMoney)

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