Schaeffer's Trading Floor Blog

Buzz Stocks: Netflix, Inc., Google Inc, TripAdvisor, Inc., and Gilead Sciences, Inc.

Today's stocks to watch in the news include NFLX, GOOGL, TRIP, and GILD

by 5/21/2014 9:05 AM
Stocks quoted in this article:

Futures are pointed higher ahead of the open, with all eyes on the Federal Reserve. Several central bank officials are slated to speak throughout the day, and the latest Federal Open Market Committee (FOMC) meeting minutes are due out this afternoon. In company news, here are some stocks to watch today:

  • Netflix, Inc. (NASDAQ:NFLX) is planning to expand into several European nations this year, including Austria, Belgium, France, Germany, Luxembourg, and Switzerland. The streaming content provider already offers its services in the U.K., Ireland, Scandinavia, and much of Latin America. (CNET)

  • In a letter to U.S. regulators, Google Inc (NASDAQ:GOOGL) explained it is keeping a considerable amount of its assets outside of the country in order to facilitate the acquisition of foreign businesses. The tech giant estimates it will spend between $20 billion and $30 billion of overseas earnings in order to fuel global expansion. (Bloomberg Businessweek)

  • Italian antitrust authorities are investigating TripAdvisor, Inc. (NASDAQ:TRIP) and other online booking sites to determine whether they take proper precautions to avoid publishing bogus reviews. The government watchdog reported receiving complaints from both business owners and consumers, and expressed concerns that TRIP does not adequately differentiate paid content from independently submitted ratings. (Reuters)

  • America's Health Insurance Plans, an industry trade group, is complaining that Gilead Sciences, Inc.'s (NASDAQ:GILD) new hepatitis C treatment Sovaldi is too expensive. While the drug is able to cure patients much more quickly and safely than competing products, it costs about $1,000 per pill, or $84,000 for the complete regimen. (Reuters)

  • Also, Lowe's Companies, Inc. (NYSE:LOW), Target Corporation (NYSE:TGT), and Tiffany & Co. (NYSE:TIF) reported quarterly earnings. (Bloomberg Businessweek; CNBC; Bloomberg)

  • Finally, the state of Minnesota has banned triclosan, the antibacterial ingredient used in numerous soaps, body washes, and other personal products, amid concerns that overexposure could lead to hormonal disruption. The law will go into effect on Jan. 1, 2017, meaning manufacturers have more than two years to figure out how to replace the chemical and/or the products containing it. (Consumerist)

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