Schaeffer's Trading Floor Blog
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Futures are pointed slightly lower this morning, as traders await JOLTS job openings and wholesale inventory data, which are set for release at 10 a.m. ET. In company news, here are some stocks to watch today:

  • Swatch Group SA is suing Target Corporation (NYSE:TGT) for allegedly copying Swatch's "multi-color" and "zebra" watches. The Switzerland-based accessory maker would like to stop TGT from selling the alleged imitations and receive financial compensation for lost sales and damages. (Reuters)

  • Yesterday, the U.S. House Energy and Commerce Committee announced an investigation into General Motors Company's (NYSE:GM) recall practices. Specifically, the congressional committee wants to know why it took GM 10 years to recall 1.6 million vehicles with faulty ignition switches, which could partially shut down vehicles even while being operated. (FOX News)

  • Elliott Associates LP revealed in a regulatory filing that it had taken a roughly 5% stake in Boyd Gaming Corporation (NYSE:BYD). In the filing, the activist investor said it believes BYD shares are undervalued, making it an attractive prospect for investment. (The Wall Street Journal, login required)

  • Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) has officially altered its name -- in a move approved by shareholders at last week's annual meeting -- and will now be called Keurig Green Mountain Inc. "Our new name better reflects who we are as a company today and captures our aspirations for the future," CEO Brian Kelley remarked. (Associated Press, via The Boston Globe)

  • Also, Dick's Sporting Goods Inc (NYSE:DKS) reported quarterly earnings. (MarketWatch)

  • Finally, citing declining mall traffic and excessive debt, pizza chain Sbarro has filed for bankruptcy protection for the second time since 2011. Under the company's reorganization plan -- which still requires court approval -- lenders will take control of the nearly 800 existing Sbarro restaurants, and help the chain cut its debt load by more than 80%. (The New York Times)


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