Schaeffer's Trading Floor Blog

Buzz Stocks: Sprint Corporation, General Motors Company, Wal-Mart Stores, Inc., and Target Corporation

Today's stocks to watch in the news include S, GM, WMT, and TGT

by 6/5/2014 8:58 AM
Stocks quoted in this article:

The latest European Central Bank (ECB) monetary policy decision is helping U.S. equities this morning, as futures are pointed higher ahead of the bell. In company news, here are some stocks to watch today:

  • Sprint Corporation (NYSE:S) is reportedly close to hammering out the terms of an agreement with T-Mobile US Inc (NYSE:TMUS), which would combine the No. 3 and No. 4 wireless carriers in the U.S. The cash-and-stock deal -- which could value TMUS at as much as $31 billion, or almost $40 per share -- could be formally announced as early as next month. (Bloomberg)

  • An inside source is reporting that "more than a dozen" General Motors Company (NYSE:GM) executives and engineers are leaving due to a probe into the automaker's ignition switch recall. CEO Mary Barra will release the results of the investigation this morning, speaking first to GM employees, and then to reporters. (CNNMoney)

  • As Wal-Mart Stores, Inc. (NYSE:WMT) prepares for its annual shareholder meeting on Friday, protesters in 20 cities are getting ready to stage demonstrations against the big-box chain, unhappy with the company's wages and employment practices. However, Gisel Ruiz, chief operating officer of WMT U.S., targeted the protesters during a speech yesterday, insisting they are "not associated with Wal-Mart. They are paid [by the United Food & Commercial Workers International Union] to disrupt this week's activity." (MarketWatch)

  • Reform group Moms Demand Action for Gun Sense in America has asked Target Corporation (NYSE:TGT) to prohibit customers from openly carrying firearms in its stores. The petition comes on the heels of a pro-gun demonstration, in which protesters carried long guns into TGT locations. (CNBC)

  • Also, The J.M. Smucker Company, (NYSE:SJM), Joy Global Inc. (NYSE:JOY), and PVH Corp (NYSE:PVH) reported quarterly earnings. (MarketWatch; Reuters; CNBC)

  • Finally, the folks at HealthKit -- an Australia-based health care startup -- got a big surprise the other morning, when it found out Apple Inc. (NASDAQ:AAPL) had (accidentally?) stolen the HealthKit name for a new app. "I woke up at 4:30 a.m. and turned to my Apple iPhone to check my emails," wrote a HealthKit executive on the company's blog. "Someone had emailed me to ask whether Apple stomped all over your name or did we do a secret deal with them. Huh?!" (MarketWatch)

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