Schaeffer's Trading Floor Blog

Buzz Stocks:, inc., General Motors Company, Pfizer Inc., and Emerson Electric Co.

Today's stocks to watch in the news include CRM, GM, PFE, and EMR

by 6/27/2014 8:56 AM
Stocks quoted in this article:

The stock market may end the week on a sour note, as futures are pointed lower in pre-market trading. In company news, here are some stocks to watch today:

  • Cloud computing giant, inc. (NYSE:CRM) and electronics and health care firm Philips are partnering to create a pair of new medical applications: Philips eCareCoordinator and eCare Companion. The cloud-based applications will allow medical professionals to remotely monitor thousands of patients suffering from chronic diseases, potentially decreasing health care costs. (Reuters)

  • General Motors Company (NYSE:GM) halted the sale of its 2013 and 2014 Chevy Cruze due to a potential defect in the driver's side air bag inflator. GM said around 33,000 sedans are likely affected, explaining that air bag maker Takata used the wrong part during the assembly process. (The New York Times)

  • Oral anticoagulant Eliquis -- jointly developed by pharmaceutical companies Pfizer Inc. (NYSE:PFE) and Bristol-Myers Squibb Co (NYSE:BMY) -- has won the support of the European Medicines Agency (EMA) for the treatment of deep vein thrombosis and pulmonary embolism. So far, the drug is only approved for stroke prevention in patients suffering from atrial fibrillation. (Reuters)

  • Emerson Electric Co. (NYSE:EMR) is looking at strategic alternatives -- including potential acquisitions and divestments -- for its Florence, Kentucky-based power transmission solutions business. A formal decision is expected by the end of 2014. (Bloomberg)

  • Also, Finish Line Inc (NASDAQ:FINL) and Nike Inc (NYSE:NKE) reported quarterly earnings. (MarketWatch; USA Today)

  • Finally, a new Grub Street New York report discovered that 47 out of the 77 restaurants featured on Gordon Ramsay's Kitchen Nightmares are now closed. To make matters worse, 23 of the 47 shut down within a year after their respective episodes aired, and only one restaurant from the first two seasons of the show (2007-2009) is still open. (Consumerist)

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