Schaeffer's Trading Floor Blog

Buzz Stocks: AT&T Inc. (T), Facebook Inc (FB), Netflix, Inc. (NFLX), and The Boeing Company

Today's stocks to watch in the news include T, FB, NFLX, and BA

by 6/17/2013 9:29 AM
Stocks quoted in this article:

The markets are poised to start the week on a strong note, as investors express optimism ahead of this week's Federal Reserve meeting. Among equities in focus, here are some companies expected to garner a fair share of attention today:

  • Contrary to reports by a Spanish newspaper, AT&T Inc. (NYSE:T) is not attempting to acquire Telefonica S.A. (ADR) (NYSE:TEF). The alleged deal was worth $93 billion, and included AT&T assuming the Spanish company's 52 billion euros of debt. In an emphatically worded press release, however, Telefonica stated it "has not received any approach, nor any indication of interest, neither verbal nor in written form, from any party." (The New York Times)

  • Facebook Inc (NASDAQ:FB) has a "big idea" to reveal on Thursday, but the social network isn't providing any clues as to what it might be. Journalists from major news outlets received paper invitations for the event, leading to plenty of speculation on what may be launched. One possibility is an alternative to the soon-to-be-defunct Google Inc (NASDAQ:GOOG) Reader -- but that's little more than a guess. (NBC News)

  • Royalty Pharma's $8 billion bid to acquire Elan Corporation, plc (ADR) (NYSE:ELN) will lapse, as shareholders from the target company voted to approve a $200 million stock repurchase program. The buyout offer, which could have been worth up to $15.50 per share, required that the owners of ELN stock reject all four proposals that were floated at Elan's extraordinary general meeting today. (FirstWord Pharma)

  • Netflix, Inc. (NASDAQ:NFLX) has struck a deal with Dreamworks Animation Skg Inc (NASDAQ:DWA), which will allow the streaming content provider to offer over 300 hours of first-run programming produced by the cartoon studio. The shows, which will be commercial free, will be based off of characters from hit movies like "Kung Fu Panda" and "Shrek." (CNBC)

  • General Electric Company's (NYSE:GE) Capital Aviation Services plans to order 10 of The Boeing Company's (NYSE:BA) largest Dreamliner 787 jets. The company announced the purchase today at the Paris Air Show. (Bloomberg)

  • One of Smithfield Foods, Inc.'s (NYSE:SFD) largest investors, Starboard Value LP, urged the company in a letter to break up into three parts -- U.S. pork production, hog farming, and international sales of fresh and packaged meats -- rather than be acquired by Shuanghui International Holdings Ltd. Starboard says the company could be worth $44 to $55 a share if it breaks up, compared to $34 per share if purchased by Shuanghui. (The Wall Street Journal - subscription only)

  • The U.S. government has reportedly sent Apple Inc. (NASDAQ:AAPL) between 4,000 and 5,000 requests for data during a six-month time frame ending in May. The orders covered about 9,000 to 10,000 accounts and devices, which averages out to two per request and over 1,500 a month. (MarketWatch)

  • The Oxford English Dictionary expanded the definition of the word "tweet" in its June update. The word, which used to only be recognized as an imitative word for bird calls, now includes two more meanings: "To make a posting on the social networking service Twitter" and "to use Twitter regularly or habitually," plus its use as a noun. (AllThingsD)

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