Schaeffer's Trading Floor Blog

Buzz Stocks: QUALCOMM, Inc., JPMorgan Chase & Co., The Boeing Company, and The Home Depot, Inc.

Today's stocks to watch in the news include QCOM, JPM, BA, and HD

by 1/24/2014 9:19 AM
Stocks quoted in this article:

Futures are again pointed lower in pre-market trading, fueled by concerns surrounding emerging market currencies. In company news, here are some stocks to watch today:

  • QUALCOMM, Inc. (NASDAQ:QCOM) has purchased a portfolio of roughly 1,400 patents from Hewlett-Packard Company (NYSE:HPQ). However, the cost of the acquisition -- which includes intellectual property related to HPQ devices such as Palm and iPaq -- has not been disclosed. (PCWorld)

  • JPMorgan Chase & Co. (NYSE:JPM) Chairman and CEO Jamie Dimon will receive a raise in 2014, a year after having his compensation cut in half. Following a contentious week of discussions, the board approved the pay increase, despite the $20 billion in fines the bank racked up last year. (The New York Times)

  • The reliability of The Boeing Company's (NYSE:BA) 787 Dreamliner is not up to snuff, said Mike Fleming, vice president of BA's 787 Services and Support unit. Fleming hopes that the jet manufacturer can get the Dreamliner's dispatch reliability rate -- which he said is 98% -- nearer to the 777's 99.3% rate. (Bloomberg)

  • The Home Depot, Inc. (NYSE:HD) has purchased, a Houston-based online retailer with nearly 170 employees. "The acquisition of positions us well for expansion in the quickly growing online window coverings market," HD Chairman and CEO Frank Blake said. (Houston Chronicle)

  • Also, Microsoft Corporation (NASDAQ:MSFT), The Procter & Gamble Company (NYSE:PG), and Starbucks Corporation (NASDAQ:SBUX) reported quarterly earnings. (The New York Times; Bloomberg Businessweek; USA Today)

  • Finally, a University of North Carolina at Greensboro student has been arrested for allegedly trying to buy a gift card at Walgreen Company (NYSE:WAG) with a counterfeit $100 bill. Why'd the store question the currency in the first place? Probably because of the bill's signature -- "Moe Money." (Consumerist)

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