Schaeffer's Trading Floor Blog

Buzz Stocks: Microsoft Corporation, Whole Foods Market, Inc., TreeHouse Foods Inc., and Big Lots, Inc.

Today's stocks to watch in the news include MSFT, WFM, THS, and BIG

by 2/12/2014 9:01 AM
Stocks quoted in this article:

After rallying for the past few sessions, the broad-market indexes are pointed slightly lower this morning. In company news, here are some stocks to watch today:

  • Microsoft Corporation (NASDAQ:MSFT) denied charges from GreatFire.org -- a China-based freedom of speech activist group -- that the software giant has been censoring politically sensitive content on its Bing search engine for users outside of China. "Due to an error in our system, we triggered an incorrect results removal notification for some searches noted in the report but the results themselves are and were unaltered outside of China," Bing Senior Director Stefan Weitz said, without specifying whether the issue had been addressed. (Reuters)

  • Whole Foods Market, Inc. (NASDAQ:WFM) is partnering with Square to begin accepting mobile payments at an undisclosed number of WFM stores. Square Stands -- which turn Apple Inc. (NASDAQ:AAPL) iPads into registers -- will not be used at the grocer's main checkout lines, but rather, at in-store locations such as juice bars and sandwich counters. (Forbes)

  • TreeHouse Foods Inc. (NYSE:THS) has filed a lawsuit against Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) for allegedly prohibiting other companies from competing with GMCR's single-serve Keurig brewers and K-Cup packages. A Green Mountain spokesperson has already described the suit as "totally without merit." (Bloomberg)

  • Closeout retailer Big Lots, Inc. (NYSE:BIG) will soon sell deeply discounted Hostess snacks such as Ding Dongs and Twinkies, functioning in place of the now-defunct Hostess Thrift Outlet stores. "We are thrilled to team up with this iconic brand and give customers a new destination to find outstanding savings on the products they know and love," BIG CEO David Campisi said. (Los Angeles Times)

  • Also, Deere & Company (NYSE:DE) and TripAdvisor Inc (NASDAQ:TRIP) reported quarterly earnings. (Reuters; MarketWatch)

  • Finally, a New York state assemblyman has introduced the Microbead-Free Waters Act, which would ban the manufacture and sale of beauty products that contain tiny, face-scrubbing plastic beads. According to a recent study, the beads are able to bypass sewage treatment plants, and can end up accumulating in bodies of water where they may be introduced into the food chain. (Long Island Newsday)


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