Schaeffer's Trading Floor Blog

Buzz Stocks: Apple Inc. (AAPL), Microsoft Corporation, Citigroup, and Verizon Communications

Today's hot stocks to watch in the news include AAPL, MSFT, C, and VZ

by 3/6/2013 8:52 AM
Stocks quoted in this article:

U.S. stocks are poised to continue pressing forward this morning, after the Dow earned a new place in the history books on Tuesday. Turning to company news, here are some stocks to watch today:

  • Staples, Inc. (NASDAQ:SPLS) reported fourth-quarter earnings of 46 cents per share (excluding items), topping analysts' estimates by a penny. Sales inched 3% higher to $6.57 billion, falling short of the $6.72 billion expected by analysts. (The Wall Street Journal)

  • Apple Inc. (NASDAQ:AAPL) CEO Tim Cook recently met with Jimmy Iovine -- Dr Dre's partner in Beats Electronics -- about a possible joint venture. Last month, Beats alluded to plans for its own streaming music service, while Apple has been considering starting its own service as a supplement to iTunes. (Reuters)

  • The European Union has fined Microsoft Corporation (NASDAQ:MSFT) 561 million euros, or $731 million, for showing favoritism to its Internet Explorer program. The software giant reportedly failed to promote other alternatives for web browsing within Windows 7. (BBC News)

  • There is some excitement in the telecomm sector today, as Verizon Communications Inc. (NYSE:VZ) is revisiting the possibility of a merger with Vodafone Group Plc (ADR) (NASDAQ:VOD). Currently, Verizon holds a 55% stake in the U.K.-based firm, but previous merger overtures were stalled due to questions surrounding company leadership. (MarketWatch)

  • A proxy advisor currently assisting Hewlett-Packard Company (NYSE:HPQ) has advised against re-appointing three HPQ board members who were involved with the bungled acquisition of Autonomy in 2011. The purchase of the British software company proved nothing short of a fiasco, and resulted in a hefty charge for the computer concern. (FOX Business)

  • Citigroup Inc.'s (NYSE:C) new CEO Mike Corbat hopes to lead the bank to a 10% return by 2015 (versus the 7.9% earned in 2012). To do so, the bank has flagged many markets in which it needs to either bolster its presence or exit entirely. (Reuters)

  • Ford Motor Company (NYSE:F) rewarded its CEO Alan Mulally with a performance bonus of nearly $12 million, distributed in F shares. Mulally took the reins at the automaker in 2006 and has been largely credited with its return to profitable territory. (Yahoo! News)

  • Finally, Carrie Fisher has signed on to play an "elderly" version of Princess Leia in Star Wars: Episode VII. One can only assume this means no gold bikini. (Mashable)

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