Schaeffer's Trading Floor Blog

Buzz Stocks: Tesla Motors Inc (TSLA), Intel Corporation, AT&T Inc., and PetSmart, Inc.

Today's stocks to watch in the news include TSLA, INTC, T, and PETM

by 7/8/2014 9:07 AM
Stocks quoted in this article:

Futures are pointed modestly lower in premarket trading, as investors get ready for the unofficial start of earnings season this evening. In company news, here are some stocks to watch today:

  • Chinese businessman Zhan Baosheng is suing electric automaker Tesla Motors Inc (NASDAQ:TSLA) for trademark infringement. Zhan registered the "Tesla" trademark in 2006, prior to the company's arrival in China -- a situation TSLA thought it had resolved in January. However, Zhan is now demanding that the car manufacturer cease all operations within the country and pay him $3.85 million. (Reuters)

  • Intel Corporation (NASDAQ:INTC) has partnered with Dell and Samsung to found the Open Interconnect Consortium (OIC). Members of the group are committed to providing open-source code to allow developers to write software in a way that facilitates connectivity and data flow between devices, regardless of the model, operating system, or wireless technology used. (PCWorld)

  • AT&T Inc. (NYSE:T) announced yesterday it will begin selling the LG Electronics' G Watch starting this Friday -- making it the first U.S. carrier to offer the smartwatch. The device has a 1.65-inch display screen, and is capable of connecting to Android-based phones and responding to voice commands. (Reuters, via FOX Business)

  • PetSmart, Inc. (NASDAQ:PETM) is considering "potential changes" to its capital structure, as a pair of major investors -- Longview Asset Management and Jana Partners -- have begun calling for a company sale or other strategic alternatives. Pressure is intensifying on PETM, after the pet supplies retailer's shareholder return slowed dramatically last year, resulting in a series of reorganization efforts within upper management. (USA Today)

  • Finally, the Six Flags Entertainment Corp (NYSE:SIX) location in Valencia, California, was forced to shut down a roller coaster last night after riders collided with a pine tree that had fallen onto the track. Two passengers were reportedly taken to the hospital as a precautionary measure; another four suffered minor injuries. (Consumerist)

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