Schaeffer's Trading Floor Blog

Buzz Stocks: Dell Inc., Tesla Motors Inc (TSLA), Netflix, Inc. (NFLX) and Intel Corporation

Today's stocks to watch in the news include DELL, TSLA, NFLX, and INTC

by 5/31/2013 9:03 AM
Stocks quoted in this article:

The market's see-saw action looks poised to continue, with stock futures in the red ahead of today's opening bell. Meanwhile, in stock news, here are some companies to watch in early trading today:

  • On July 18, Dell Inc. (NASDAQ:DELL) shareholders will vote on the $24.4 billion buyout bid from company founder Michael Dell and private equity firm Silver Lake Management LLC. The duo's proposal equates to $13.65 per Dell share, which is a slight premium to yesterday's closing price of $13.27, and is higher than Carl Icahn's rival offer of $12 per share. (Icahn's deal, however, would keep Dell as a public company.) (Bloomberg)

  • Tesla Motors Inc (NASDAQ:TSLA) plans to expand its network of superchargers over the next few months and years. The devices -- which are mostly located on the West Coast and between Boston and Washington, D.C. -- provide full, three-hour charges to car batteries in just 20 minutes. Specifically, part of the near-term arrangement involves tripling the number of available superchargers by June 30, and by year-end, having enough of them in place to allow its customers to drive from New York to Los Angeles. (NBC News)

  • Starting next Thursday, Netflix, Inc. (NASDAQ:NFLX) will be a part of the Nasdaq 100 index, replacing drugmaker Perrigo Company (NASDAQ:PRGO). The move comes after months of explosive growth from the streaming content provider. (ABC News)

  • In what is a major coup for new company CEO Brian Krzanich, Intel Corporation (NASDAQ:INTC) has been selected to provide the microprocessors for Samsung Electronics Co., Ltd.'s next generation of Android tablets. According to an anonymous source, at least one version of the Galaxy Tab 3 10.1 will incorporate the Clover Trail+ mobile chip. Samsung had already begun to use Intel processors in the manufacturing of its "ATIV" tablets -- to be formally unveiled on June 20 -- but the Android-based gadgets have a much larger market share. (Reuters)

  • Lions Gate Entertainment Corp. (USA) (NYSE:LGF) creamed analysts' consensus earnings and revenue estimates of 44 cents per share and $753 million, respectively. The entertainment company's earnings jumped to $1.10 per share (61 cents excluding items) from last year's loss of 17 cents a share, and revenue spiked 22% to $785.7 million. (MarketWatch)

  • Neiman Marcus, Inc., which is considering a potential sale or public offering, denied private equity firm KKR's proposal to merge with its high-end retailing rival Saks Inc (NYSE:SKS), reported The Wall Street Journal. Neiman was unsatisfied with the proposed terms and complexity of the deal, reportedly believing that the merger undervalued the retailer. (FOX Business)

  • OmniVision Technologies Inc.'s (NASDAQ:OVTI) fourth-quarter earnings, excluding items, of 31 cents per share surpassed analysts' expectations of 21 cents per share. Likewise, its revenue of $336.2 million blew analysts' consensus estimate of $318 million out of the water. (NBC News)

  • Finally, McDonald's Corporation's (NYSE:MCD) CEO Don Thompson announced at an analyst conference that he lost 20 pounds during the past year by simply "working out again." Shockingly, Thompson says he did not give up his love for his fast-food chain, and still eats there "every, single day." (USA Today)


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