Schaeffer's Trading Floor Blog

Buzz Stocks: Netflix, Inc., AT&T Inc., Cirrus Logic, Inc., and LinkedIn Corp

Today's stocks to watch in the news include NFLX, T, CRUS, and LNKD

by 4/29/2014 9:05 AM
Stocks quoted in this article:

Amid the latest round of earnings data and a potential easing of tensions between Russia and Ukraine, futures are pointed solidly higher ahead of the open. In company news, here are some stocks to watch today:

  • Netflix, Inc. (NASDAQ:NFLX) and Verizon Communications Inc. (NYSE:VZ) have inked a deal to help ensure that NFLX subscribers are able to stream content reliably. The agreement -- which is similar to one that NFLX made with Comcast Corporation (NASDAQ:CMCSA) two months ago -- will give the streaming video provider's servers a more direct connection to VZ's network. (USA Today)

  • AT&T Inc. (NYSE:T) announced plans to partner with Honeywell International Inc. (NYSE:HON) to help improve in-flight wireless connectivity. T is claiming that the 4G air-to-ground broadband service, which has yet to be designed, will "transform airborne connectivity" for those traveling within the continental U.S. (CNNMoney)

  • Cirrus Logic, Inc. (NASDAQ:CRUS) agreed to buy U.K.-based rival Wolfson Microelectronics Plc for $489 million in cash. CRUS said the move will strengthen its portfolio and allow it to offer a wider array of products, including Wolfson's popular microphones. (Reuters)

  • With LinkedIn Corp (NYSE:LNKD) handing out a stock award last year (the company's first since 2011), CEO Jeff Weiner's total compensation spiked to $49.1 million -- more than 40 times what he made in 2012. The payday easily exceeded those of Facebook Inc's (NASDAQ:FB) Mark Zuckerberg and Twitter Inc's (NYSE:TWTR) Dick Costolo, who made $653,165 and $130,250, respectively. (Bloomberg Businessweek)

  • Also, Merck & Co., Inc. (NYSE:MRK), BP plc (ADR) (NYSE:BP), Herbalife Ltd. (NYSE:HLF), and Sprint Corporation (NYSE:S) reported quarterly earnings. (MarketWatch; The New York Times; CNNMoney; Reuters)

  • Finally, Chinese regulators have pulled several U.S. TV shows from streaming video websites, without providing a reason. Specifically, The Big Bang Theory, The Good Wife, NCIS, and The Practice will no longer be viewable in China. (CNNMoney)


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