Schaeffer's Trading Floor Blog

Buzz Stocks: Apple Inc. (AAPL), Google, NYSE Euronext, and Coinstar

Among today's stocks in the news to watch are GOOG, AAPL, NYX, and CSTR

by 12/20/2012 9:08 AM
Stocks quoted in this article:

With the budget talks still hanging in limbo, U.S. stock futures are nonetheless headed higher in pre-market trading. Turning to company news, here are some stocks to watch:

  • Earnings news: Bed Bath & Beyond (NASDAQ:BBBY) said third-quarter earnings edged up slightly, arriving at $1.03 per share (excluding items), and topping expectations by a penny. Meanwhile, revenue increased 15% to $2.70 billion, falling shy of expectations. Ahead of the bell, the home goods retailer is down some 5.3% due to 2012 guidance of $4.48 to $4.54 per share, which is lower than the consensus view of $4.62 per share. (NASDAQ)

  • Looking to focus more on its smartphones division -- and its competition with Apple Inc. (NASDAQ:AAPL) -- Google Inc (NASDAQ:GOOG) agreed to sell its Motorola Home business. Global communications firm Arris Group, Inc. (NASDAQ:ARRS) will pay $2.35 billion in the deal, which, in turn, boosts its presence in the television set-top box market. (Bloomberg Businessweek)

  • AAPL suffered a legal blow Wednesday, as the U.S. Patent and Trademark Office said its "pinch-to-zoom" patent was not, in fact, violated by Samsung's line of Galaxy smartphones. AAPL will be able to appeal this decision and fight for sole use of this technology, which enables users to expand photos, maps, or other images by using their fingers on the screen. (The Washington Post)

  • It's official, the Big Board will be soon be owned and managed by a lesser-known, but larger exchange operator. IntercontinentalExchange Inc (NYSE:ICE) announced an $8.2 billion cash and stock deal to take over operations of the NYSE Euronext (NYSE:NYX). Prior to the acquisition and details of the deal, shares of both companies were halted in morning trading. But at last look, the NYX is up some 39% in pre-market action, while ICE has tacked on 5.4%. (CNNMoney)

  • Redbox Instant -- an experiment backed by Verizon Communications Inc. (NYSE:VZ) and Coinstar, Inc. (NASDAQ:CSTR) -- was rolled out in beta mode yesterday. The service gives test users access to unlimited streaming video (on Android, iOS, Blu-ray, and Xbox 360 devices) plus four DVD rentals per month. Following a trial period, the monthly subscription fee is $8 (or $6 without the DVD option). (CNET)

  • GlaxoSmithKline plc (ADR) (NYSE:GSK) agreed to a settlement for its alleged market monopoly of its nasal spray, Flonase. The $150-million fine will go to compensate three U.S. drug wholesalers -- AmerisourceBergen Corp. (NYSE:ABC), Cardinal Health, Inc. (NYSE:CAH), and McKesson Corporation (NYSE:MCK) -- who successfully contested that GSK delayed the release of generic sprays, effectively cutting into their sales. (The Telegraph)

  • Qsymia -- the obesity drug manufactured by VIVUS, Inc. (NASDAQ:VVUS) -- will now be available to more consumers at a discounted rate, under the Express Scripts Holding Company (NASDAQ:ESRX) benefits plan. Patients under the ESRX plan (the largest in the U.S.) can now pay $50 to $60 for the drug, which normally would cost three times that much. (Reuters)

  • Finally, this year's Miss Universe comes from our shores, as Boston University student Olivia Culpo accepted the crown. Miss Culpo beat 88 other contestants to become the first American to win the pageant since 1997. (Long Island Newsday)


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