Schaeffer's Trading Floor Blog

Buzz Stocks: Apple Inc. (AAPL), Time Warner Cable, JPMorgan Chase & Co., and Tyson Foods

Today's stocks to watch in the news include AAPL, TWC, JPM, and TSN

by 8/5/2013 9:02 AM
Stocks quoted in this article:

U.S. stocks are moderately lower in pre-market trading, after eking out a positive (and record-setting) finish on Friday afternoon. On the economic front, investors will pore over the Institute for Supply Management's (ISM) non-manufacturing index today, and hear remarks from Dallas Fed President Richard Fisher. Turning to individual stock news, here are some companies to watch in today's trading:

  • Acting on behalf of the Obama administration, U.S. Trade Representative Michael Froman has overturned a previous ban on imports of certain Apple Inc. (NASDAQ:AAPL) products into the U.S. The International Trade Commission ruled in early June that older iPhones and iPads (including the iPhone 3GS and iPad 2 3G) violated patents held by Samsung. (USA Today)

  • Time Warner Cable Inc (NYSE:TWC) customers in New York, Los Angeles, and Dallas are entering their fourth day without CBS Corporation (NYSE:CBS) programming, as a battle between the network and the cable provider rages on. TWC stopped broadcasting the CBS feed on Friday, and the Eye Network responded in kind by cutting off access to those users in the impacted markets. Analysts believe the blackout could last for up to six weeks, but will almost inevitably be resolved by the start of football season. (TIME)

  • JPMorgan Chase & Co. (NYSE:JPM) is in talks to unload its metals-storage division, Henry Bath & Sons Ltd, to London-based commodities broker Marex Spectron. Last month, the financial heavyweight said it would explore "strategic alternatives" for Henry Bath, and was not ruling out selling it off in parts or as a contained unit. (Reuters)

  • Strong chicken sales helped drive fiscal third-quarter profit sharply higher at Tyson Foods, Inc. (NYSE:TSN). The meat processor earned 69 cents per share in the reporting period, up from 22 cents per share one year ago. Sales grew by 6% to $8.73 billion. (Reuters)

  • Low-cost airline JetBlue Airways Corporation (NASDAQ:JBLU) has redesigned the cabins of its Airbus A321s, which are used for transcontinental flights. Beginning next year, passengers will be able to upgrade to one of 16 seats in business class or four "suites," which offer compact sleeping quarters. (Gizmodo)

  • The New York Times Company (NYSE:NYT) has sold The Boston Globe to an owner of the Boston Red Sox for $70 million in cash. It was a losing deal for NYT, which originally bought the Beantown paper in 1993 for $1.1 billion. (CNBC)

  • Finally, you may soon be able to get wine (and other liquor) at your doorstep via the regular U.S. mail. A new bipartisan proposal to help the impoverished U.S. Postal Service boost its bottom line would eliminate a 1909 ban against transporting alcoholic beverages. (Chicago Tribune)

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