Schaeffer's Trading Floor Blog

Buzz Stocks: Dell Inc., NVIDIA Corporation, Molycorp Inc, and JPMorgan Chase

Today's stocks to watch in the news include DELL, NVDA, MCP, and JPM

by 5/10/2013 9:17 AM
Stocks quoted in this article:

Stocks are looking to pare Thursday's modest losses, as futures are headed higher ahead of the opening bell (and remarks from Fed boss Ben Bernanke). Turning to company news, here are some companies to watch on this final trading day of the week:

  • Activist investor Carl Icahn, together with Southeastern Asset Management, has put a new deal on the table to buy out computer interest Dell Inc. (NASDAQ:DELL). The deal, valued at $24.4 billion, would allow current stockholders to continue holding their shares, while also taking $12 per share in cash or stock. (CNET)

  • NVIDIA Corporation (NASDAQ:NVDA) beat Wall Street's expectations yesterday with quarterly earnings of 18 cents per share, excluding items, and $954.7 million in revenue. Analysts were anticipating earnings per share of 10 cents and revenue of $940.6 million, respectively. (MarketWatch)

  • Molycorp Inc (NYSE:MCP) reported mixed quarterly results yesterday. The rare-earths producer took a first-quarter loss of $47.2 million, which is more than 13 times the $3.5 million deficit from the same period in 2012. Nevertheless, revenue jumped to $146.4 million from last year's $84.5 million, and the company's adjusted loss of 15 cents per share was better than the expected loss of 27 cents per share. (MarketWatch)

  • California Attorney General Kamala Harris is going after JPMorgan Chase & Co. (NYSE:JPM), accusing the banking giant of using illegal practices to speedily collect consumer debt in the Golden State. The charges leveled against JPM revolve around the 100,000 or so lawsuits it filed against credit card holders from January 2008 to April 2011. According to the attorney general's office, many of the lawsuits were rubber-stamped by low-level employees and were not properly reviewed prior to reaching the courts. (Los Angeles Times)

  • Priceline.com Inc (NASDAQ:PCLN) announced first-quarter income of $5.76 per share (excluding items), topping estimates of $5.27 per share. Revenue also exceeded expectations, rising to $1.3 billion. For the current quarter, however, the travel company expects per-share earnings between $8.87 and $9.45, shy of the current consensus outlook. The shares are modestly lower in pre-market trading. (NBC News)

  • Amazon.com, Inc. (NASDAQ:AMZN) may be developing a smartphone with 3D capabilities, featuring holographic images that would be visible to the naked eye. Rumors also suggest the Kindle parent could be working on a dedicated audio player that could be billed as, according to TechCrunch, "the iPhone of the streaming music generation." (Isn't that an iPod?) (TechCrunch)

  • Some items from the McDonald's Corporation (NYSE:MCD) menu are getting the heave-ho, as the fast-food chain continues to optimize for its customers' diets and wallets. The Angus third-pounder burger -- among the priciest menu items, at up to $5 at some locations -- will be removed, joining Chicken Selects and the Fruit & Walnut Salad in the McDonald's-menu graveyard. (USA Today)

  • Finally, just in time for Mother's Day, the site Web2Carz.com took a look at the vehicles some celebrities have gifted their moms. Elvis Presley once made headlines by handing his license-less mom a custom-painted pink Cadillac. Decades later, Dwayne "The Rock" Johnson followed suit, handing his mom the keys to a white Cadillac Escalade. Also on the list? Kanye West, who spared no expense when purchasing a $200,000 Bentley for girlfriend Kim Kardashian's mom, Kris Jenner. (Web2Carz)


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