Schaeffer's Trading Floor Blog

Buzz Stocks: Microsoft Corporation, Intel Corporation, Wal-Mart Stores, Inc., and Google Inc

Today's stocks to watch in the news include MSFT, INTC, WMT, and GOOG

by 2/4/2014 9:13 AM
Stocks quoted in this article:

Futures are modestly higher this morning, as the stock market attempts to recover from yesterday's steep sell-off. In company news, here are some stocks to watch today:

  • Microsoft Corporation (NASDAQ:MSFT) has officially named Satya Nadella as its next CEO. The 46-year-old MSFT veteran will take over for outgoing CEO Steve Ballmer, effective immediately. (The Verge)

  • With personal computer sales hurting, Intel Corporation (NASDAQ:INTC) will tighten the compensation policy of its senior executives. Specifically, equity awards for top employees will shift to a performance-based model, and the microchip maker's 350 highest ranking executives will be forced to own INTC stock. (Reuters)

  • Wal-Mart Stores, Inc. (NYSE:WMT) intends to expand more quickly in Canada and online to help it contend for market share against increasing competition. The big-box retailer will spend $450 million to build 35 new locations north of the border, improve its distribution network, and tackle various e-commerce projects -- and in the process, will create more than 7,500 jobs. (Bloomberg Businessweek)

  • The San Francisco Bay Conservation and Development Commission (BCDC) is forcing Google Inc's (NASDAQ:GOOG) "Mystery Barge" to relocate from its Treasure Island home, as The Treasure Island Development Authority (TIDA) does not have the required permits to construct or house ships at the pier where the mysterious vessel is docked. According to CNET, the barge was supposed to open to the public in late 2014 -- following inspection-related delays -- but the date could be further pushed back due to this latest snafu. (CNNTech)

  • According to hotel management firm White Lodging Services Corp, credit and debit card data was compromised last year at several major hotel chains, including several owned by Marriott International Inc (NASDAQ:MAR) and InterContinental Hotels Group PLC (ADR) (NYSE:IHG). The data breach occurred between March 20 and Dec. 16, and included customer names as well as card numbers, expiration dates, and security codes. (Reuters, via CNBC)

  • Also, BP plc (ADR) (NYSE:BP), Michael Kors Holdings Ltd (NYSE:KORS), Toyota Motor Corp (ADR) (NYSE:TM), Take-Two Interactive Software, Inc. (NASDAQ:TTWO), and Yum! Brands, Inc. (NYSE:YUM) reported quarterly earnings. (Bloomberg Businessweek; MarketWatch; Reuters; Bloomberg; CNBC)

  • Finally, last month's "polar vortex" grounded 49,000 flights and caused more than 300,000 delays -- and cost travelers way more than just time. In fact, aviation operations firm MasFlight said the cancellations and delays cost flyers $2.5 billion in hotel expenses, meals, and lost productivity. (Los Angeles Times)

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