Schaeffer's Trading Floor Blog

Buzz Stocks: BlackBerry Ltd (BBRY), J.C. Penney Company, Inc. (JCP), Priceline.com Inc (PCLN), and General Motors

Today's stocks to watch in the news include BBRY, JCP, PCLN, and GM

by 8/9/2013 9:09 AM
Stocks quoted in this article:

Futures are pointed lower ahead of the opening bell, increasing the likelihood that the Dow will end the week in the red. In company news, here are some stocks to watch today:

  • BlackBerry Ltd (NASDAQ:BBRY) is considering going private due to its recent struggles in competing with rivals and retaining subscribers. Doing so would allow the mobile phone maker to tackle various problems without pressure from public shareholders. On account of those issues, however, it may be difficult to find sufficient funding to go private. (Yahoo! News)

  • For the past three weeks, J.C. Penney Company, Inc. (NYSE:JCP) has been on the lookout for a permanent successor for interim CEO Mike Ullman, but activist investor William Ackman isn't satisfied. Ackman, who heads up Pershing Square Capital Management, L.P., sent a letter to the struggling retailer, expressing his belief that the search process is proceeding too slowly. (NASDAQ)

  • Priceline.com Inc's (NASDAQ:PCLN) second-quarter earnings spiked 24% to $437.3 million, or $9.70 per share (excluding items), thanks to a huge uptick in travel bookings. Revenue shot up 26%, as well, to $1.68 billion. The figures topped analysts' estimates of $9.36 in adjusted earnings per share and $1.66 billion in sales. (CNBC)

  • NVIDIA Corporation (NASDAQ:NVDA) is doubling down efforts to create a second and more successful Surface RT tablet, according to company CEO Jen-Hsun Huang. This development comes around the same time the graphic chipmaker forecasted worse-than-expected revenue for its current (third) quarter. (CNET; Yahoo! Finance)

  • After discontinuing its midsize pickup truck family a year ago, General Motors Company (NYSE:GM) revealed two models that are slated for 2015: the Chevrolet Colorado and the GMC Canyon. According to Chief Financial Officer Dan Ammann, the Colorado is intended as a sport truck, while the canyon is meant for work. (USA Today)

  • DISH Network Corp (NASDAQ:DISH) is asking Congress to act on outdated retransmission rules, claiming they have resulted in too many programming blackouts. DISH, with the support of rival Time Warner Cable Inc (NYSE:TWC), recently proposed legislation that would allow pay-TV providers to address temporary blackouts by importing network content from alternative markets. (NASDAQ)

  • Finally, Elon Musk and Richard Branson -- founders of Tesla Motors Inc (NASDAQ:TSLA) and Virgin Group Ltd., respectively -- held a hangout on Google Inc's (NASDAQ:GOOG) Google+ to answer questions from entrepreneurs around the world. Their advice included the importance of seeking out feedback, finding a trusty business partner, and testing out all ideas, no matter how crazy they may seem. (Mashable)


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