Schaeffer's Trading Floor Blog

Buzz Stocks: Buffalo Wild Wings, Comcast, Netflix, Inc., and Intel

Today's hot stocks to watch in the news include BWLD, CMCSA, NFLX, and INTC

by 2/13/2013 9:15 AM
Stocks quoted in this article:

Now trading back above 14,000, the Dow is looking to continue higher today as investors weigh implications from last night's State of the Union remarks. In company-specific news, here are some names to watch:

  • Buffalo Wild Wings (NASDAQ:BWLD) reported fourth-quarter profits of 89 cents per share, a 22% improvement from the previous year. Unfortunately, this was not enough to match analysts' per-share estimates of 96 cents. Revenue, on the other hand, surged 38% to $303.8 million, exceeding Wall Street's consensus view. (CNBC)

  • Deere & Company (NYSE:DE) earned $1.65 per share in the fiscal first quarter, on a 10% jump in revenue to $7.42 billion. The figures surpassed analysts' expectations for per-share profits of $1.40 on $6.72 billion in revenue. (Chicago Tribune)

  • Comcast Corporation (NASDAQ:CMCSA) is allocating $16.7 billion (a combination of cash, debt, and stock) to buy General Electric Company (NYSE:GE) out of its 49% stake in the companies' NBCUniversal partnership. The deal is expected to close by the end of next month, and includes some recognizable real estate -- 30 Rockefeller Plaza (along with the CNBC headquarters in New Jersey). Separately, CMCSA announced fourth-quarter revenue of $15.9 billion, a 6% improvement from the previous year. (USA Today)

  • In an attempt to reach the lucrative youth market, Netflix, Inc. (NASDAQ:NFLX) is developing original programming for kids. The animated series will be a follow up to Turbo: F.A.S.T., a 3D offering from DreamWorks Animation Skg Inc (NASDAQ:DWA) scheduled to hit theaters this summer. (PC Magazine)

  • Yahoo! Inc. (NASDAQ:YHOO) CEO Marissa Mayer told Goldman Sachs Technology and Internet Conference attendees that YHOO will be making strides with personalized content. Customized experiences will be developed for both the traditional and mobile platforms. (CNBC)

  • Following a six-month search, WellPoint, Inc. (NYSE:WLP) has named Joseph Swedish as its new CEO. Swedish comes to the number-two health insurance company from Trinity health, a non-profit Catholic hospital system that is the 10th largest in the country. (Reuters)

  • Meanwhile, Intel Corporation (NASDAQ:INTC) has tapped recruiting firm Spencer Stuart & Associates to help find its new head executive. The semiconductor giant is reportedly screening both internal and external candidates, though in the company's history, no one has assumed the CEO role from outside. (Bloomberg)

  • Finally, Target Corporation (NYSE:TGT) has made an unconventional marketing choice -- targeting women with a glossy 12-page style guide in the Sports Illustrated swimsuit issue, which hit newsstands yesterday. Even more odd is that TGT has not advertised in SI during the last 10 years. A spokesman for the discount chain says the issue was a fitting place to highlight its own "phenomenally strong swim business." (Bloomberg Businessweek)


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