Schaeffer's Trading Floor Blog

Buzz Stocks: Verizon Communications Inc., Facebook Inc (FB), Yahoo! Inc., and Overstock.com, Inc.

Today's stocks to watch in the news include VZ, FB, YHOO, and OSTK

by 3/5/2014 9:09 AM
Stocks quoted in this article:

With a number of economic reports on the docket, investors are exhibiting caution in today's trading, and futures are hovering near breakeven as a result. In company news, here are some names to watch today:

  • Verizon Communications Inc. (NYSE:VZ) is holding talks with potential partners about bringing streaming content to mobile devices. The telecom giant's CEO told conference attendees that he "personally had discussions with the CEOs of the largest content companies, and we would love to partner with them" to bring programming to users nationwide. (Reuters)

  • Windows Phone users now have access to the Facebook Inc (NASDAQ:FB) messaging service, more than two years after the app debuted for iOS and Android users. The app is available via the Windows Phone Store. (TechCrunch)

  • Yahoo! Inc. (NASDAQ:YHOO) will soon require a Yahoo ID to access parts of the site such as Flickr or Fantasy Sports. Previously, users were able to log in using FB or Google Inc (NASDAQ:GOOG) credentials, but the new policy will enable the company to "offer the best personalized experience to everyone," according to a YHOO spokesperson. (CNET)

  • Morgan Stanley (NYSE:MS) may be mulling over the sale of its Swiss private bank, according to sources. The bank currently controls nearly $11.3 billion in assets. (Reuters)

  • Overstock.com, Inc. (NASDAQ:OSTK) has now processed more than $1 million worth of Bitcoin transactions, roughly 60% of which came from new customers. The online retailer began accepting the virtual currency in early January. (CNBC)

  • Also, Canadian Solar Inc. (NASDAQ:CSIQ), Smith & Wesson Holding Corp (NASDAQ:SWHC), and Bob Evans Farms Inc (NASDAQ:BOBE) announced quarterly earnings. (MarketWatch; FOX Business; Nation's Restaurant News)

  • Finally, the Los Angeles city council unanimously voted to ban e-cigarettes everywhere conventional cigarettes are outlawed. Council members are concerned about the unknown impact of "vaping" the devices' nicotine juice, and have outlawed the practice outside of private homes and e-cigarette lounges. New York City, Boston, and Chicago had previously weighed in on the e-cigarette issue, prohibiting their use in certain settings. (Mashable)

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