Schaeffer's Trading Floor Blog

Buzz Stocks: Sears Holdings Corp, JetBlue Airways Corporation, Target Corporation, and Pfizer Inc.

Today's stocks to watch in the news include SHLD, JBLU, TGT, and PFE

by 5/7/2014 9:26 AM
Stocks quoted in this article:

Futures are pointed higher this morning, as investors digest the latest batch of earnings reports and look ahead to Fed Chair Janet Yellen's congressional testimony. In company news, here are some stocks to watch today:

  • Sears Holdings Corp (NASDAQ:SHLD) Chairman and CEO Eddie Lampert said closing Sears and Kmart locations remains part of the retailer's future, noting, "sometimes you need to go backwards to go forwards." SHLD has posted 28 consecutive quarters in which sales have declined, and has closed more than 300 stores in the past four-plus years. (Chicago Tribune)

  • JetBlue Airways Corporation (NASDAQ:JBLU) CEO Dave Barger may walk away from the company after his contract expires next year, though he has not made a final decision. JBLU Director Ann Rhoades said the company's board has been discussing a succession plan since 2013 "just in case" Barger steps down. (Bloomberg)

  • John Mulligan, interim CEO of Target Corporation (NYSE:TGT), is not interested in assuming the post permanently. However, he believes the retailer can still "make progress" under his watch, saying, "This is about driving our business forward and not just maintaining it." (Reuters)

  • Pfizer Inc.'s (NYSE:PFE) efforts to buy U.K.-based AstraZeneca plc (ADR) (NYSE:AZN) have prompted strong reactions from English politicians on both sides of the aisle. Specifically, Conservative Prime Minister David Cameron has demanded guarantees on facilities, jobs, and research initiatives, while Labour Party head Ed Miliband wants to institute a "public-interest test" on foreign acquisitions of British companies. (Bloomberg)

  • Also, The Walt Disney Company (NYSE:DIS), AOL, Inc. (NYSE:AOL), First Solar, Inc. (NASDAQ:FSLR), Groupon Inc (NASDAQ:GRPN), and Whole Foods Market, Inc. (NASDAQ:WFM) reported quarterly earnings. (CNBC; MarketWatch; TechCrunch; Bloomberg)

  • Finally, Stanford's Board of Trustees said the university will divest its holdings in coal mining firms in order to promote sustainability. The decision comes on the heels of a petition from student group Fossil Free Stanford, which requested that the institution pull investments in 200-plus companies focused on extracting fossil fuels. (The Stanford Daily)

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