Schaeffer's Trading Floor Blog

Buzz Stocks: Amazon.com, Research In Motion, Dell, and Toyota Motor

Today's hot stocks to watch in the news include AMZN, RIMM, DELL, and TM

by 1/30/2013 9:10 AM
Stocks quoted in this article:

Futures are modestly higher this morning, putting the 14,000 level in sight for the Dow. Other investors are content to wait on the sidelines until hearing what the Fed has to say this afternoon. In company-specific news, here are some names to watch:

  • Amazon.com, Inc. (NASDAQ:AMZN) announced a 45% drop in its fourth-quarter earnings, as the online retailing giant invested in future growth. Profits were 21 cents per share in the period, below the 28 cents expected on Wall Street. Revenue rose 22% to $21.27 billion, also south of expectations. Company CEO Jeff Bezos pointed to the Kindle division as a bright spot, as that business unit enjoyed 70% growth in 2012. (CNBC)

  • In other earnings news, The Boeing Company (NYSE:BA) reported fourth-quarter results of $1.28 per share, topping expectations of $1.19. Revenue increased 14% during the period to $22.3 billion, narrowly missing the consensus outlook of $22.36 billion. Meanwhile, the company continues to search for a solution for its grounded fleet of 787 Dreamliners. (Chicago Tribune)

  • Ahead of today's highly anticipated BlackBerry 10 launch from Research In Motion Limited (USA) (NASDAQ:RIMM), RIM has unleashed its new online store, featuring music and video content compatible with the new smartphone. Video content will first be available in the U.S, Canada, and U.K., while music is offered in 18 countries. (TechCrunch)

  • Toyota Motor Corporation (ADR) (NYSE:TM) announced another recall, which this time impacts Corolla and Corolla Matrix automobiles sold in 2003 and 2004. In total, more than 1 million vehicles sold in the U.S. are being recalled due to issues with airbags (which could deploy accidentally) and windshield wipers (which may stop working in heavy snow). Nearly 300,000 Lexus IS models are also impacted by the wiper issue. (CNNMoney)

  • Michael Dell, founder of the eponymous PC maker, may contribute up to $1 billion in personal funds to bolster his existing 15.7% stake in the company. By doing so, he would assume a majority interest before taking Dell Inc. (NASDAQ:DELL) private alongside Silver Lake Management. (Bloomberg)

  • Aubrey K. McClendon -- CEO of Chesapeake Energy Corporation (NYSE:CHK) -- is stepping down from his post, effective April 1. Shares are indicated more than 10% higher on today's announcement. The departure follows months of controversy at the company, including a shakeup in the board of directors. (The New York Times)

  • Kinder Morgan Energy Partners LP (NYSE:KMP) is spending $3.2 billion in stock (plus the assumption of almost $2 billion in debt) to acquire Copano Energy, L.L.C. (NASDAQ:CPNO), a natural gas company. The purchase will give KMP access to energy-rich areas of the country, including Texas and Oklahoma. (The Washington Post)

  • Finally, the world mourns, as rumors of a Who Framed Roger Rabbit sequel appear to have been greatly exaggerated. (ComicBook.com)


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