Schaeffer's Trading Floor Blog

Buzz Stocks: Salesforce.com, inc., Ford Motor Company, Oracle Corporation, and Goldman Sachs Group Inc

Today's stocks to watch in the news include CRM, F, ORCL, and GS

by 5/30/2014 9:01 AM
Stocks quoted in this article:

Futures are pointed slightly lower in pre-market trading, as investors look ahead to this morning's release of the Chicago purchasing managers index (PMI) and the Thomson Reuters/University of Michigan final consumer sentiment report for May. In company news, here are some stocks to watch today:

  • Salesforce.com, inc. (NYSE:CRM) and Microsoft Corporation (NASDAQ:MSFT) have entered into a long-term partnership, which will help to integrate their products and services. Among the terms of the deal, CRM will begin supporting both Windows and Windows 8.1 next year, and will also start using MSFT's Azure cloud platform. Separately, former MSFT CEO Steve Ballmer reportedly bought the L.A. Clippers for a cool $2 billion. (TechCrunch; Reuters, via CNBC)

  • Ford Motor Company (NYSE:F) issued four recalls yesterday totaling roughly 1.4 million vehicles throughout North America. The biggest recall involves more than 900,000 Ford Escape and Mercury Mariner SUVs, which are equipped with potentially defective torque sensors in the steering column; according to the automaker, the faulty part could lead to a loss of electric power steering assist while on the road. (CNBC)

  • Oracle Corporation (NYSE:ORCL) may be facing legal action for Oregon's flawed health-insurance exchange site -- erected under the Affordable Care Act -- after Governor John Kitzhaber sent a letter to state Attorney General Ellen Rosenblum. However, ORCL denies that it was in charge of the project and believes it will be exonerated in an investigation. (Bloomberg)

  • Goldman Sachs Group Inc (NYSE:GS) may be forced to lay off additional workers amid a sharp decrease in trading revenue. Inside sources say cuts are most likely to happen within the investment bank's fixed-income trading business, which has already been downsized by 10% from its 2010 levels. (FOX Business)

  • Also, Express, Inc. (NYSE:EXPR), Lions Gate Entertainment Corp. (USA) (NYSE:LGF), and Splunk Inc (NASDAQ:SPLK) reported quarterly earnings. (Bloomberg; Los Angeles Times; MarketWatch)

  • Finally, the U.S. Department of Transportation (DOT) has fined Southwest Airlines Co (NYSE:LUV) $200,000 for advertising $59 flights that didn't really exist. This is the second time in the last year that LUV has been penalized for false advertising -- although the first instance resulted only in a cease-and-desist order from the DOT. (Consumerist)

APP 6 Months Free

permanent link
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

Partner Center

© 2014 Schaeffer's Investment Research, Inc. 5151 Pfeiffer Road, Suite 250, Cincinnati, Ohio 45242 Phone: (800) 448-2080 FAX: (513) 589-3810 Int'l Callers: (513) 589-3800 Email: service@sir-inc.com

All Rights Reserved. Unauthorized reproduction of any SIR publication is strictly prohibited.

Market Data provided by QuoteMedia.com | Data delayed 15-20 minutes unless otherwise indicated.