Schaeffer's Trading Floor Blog

Buzz Stocks: Zynga Inc, Apple Inc. (AAPL), Nokia Corporation (ADR), and General Electric Company

Today's stocks to watch in the news include ZNGA, AAPL, NOK, and GE

by 4/24/2014 9:22 AM
Stocks quoted in this article:

Thanks to the latest round of earnings reports, futures are pointed higher ahead of the opening bell. In company news, here are some stocks to watch today:

  • Mark Pincus, co-founder of gaming giant Zynga Inc (NASDAQ:ZNGA), is giving up his operational duties, after the company reported a 36% drop in first-quarter revenue last night. However, Pincus will remain chairman of the board and will also take on an advisory role for ZNGA. (Reuters, via FOX Business)

  • Apple Inc. (NASDAQ:AAPL) announced a 7-for-1 stock split, as well as an additional $30 billion in share buybacks, when announcing its fiscal second-quarter earnings report last night. What's more, the iPhone parent upped its quarterly dividend by 8% to $3.29 per share. (Reuters)

  • Due to a tax dispute, Nokia Corporation's (ADR) (NYSE:NOK) sale of its global handset business to Microsoft Corporation (NASDAQ:MSFT) will likely not include an India-based mobile phone factory. Instead, NOK will continue to operate the plant under a service agreement with MSFT. (Reuters)

  • General Electric Company (NYSE:GE) has reportedly entered into talks to purchase Alstom SA, an industrial firm based out of France. According to Bloomberg, the potential deal could be worth upwards of $13 billion -- about a 25% premium to Alstom's current market value. (MarketWatch)

  • McDonald's Corporation (NYSE:MCD) mascot Ronald McDonald has a new look that includes a rugby shirt and cargo pants, created by Broadway designer Ann Hould-Ward. Additionally, the red-headed clown will finally be active on Twitter Inc (NYSE:TWTR) using the hashtag #RonaldMcDonald on the @McDonaldsCorp account. (Los Angeles Times)

  • Also, 3M Co (NYSE:MMM), Caterpillar Inc. (NYSE:CAT), Verizon Communications Inc. (NYSE:VZ), AAPL, Facebook Inc (NASDAQ:FB), and General Motors Company (NYSE:GM) reported quarterly earnings. (CNBC; Bloomberg Businessweek; Bloomberg)

  • Finally, The Procter & Gamble Company's (NYSE:PG) Gillette brand will introduce a new razor next week that looks a lot like a Dyson Ball vacuum. The ProGlide FlexBall is built with a swiveling-ball hinge that allows the blade -- any blade, in fact -- to pivot in any direction. (Consumerist)


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