Schaeffer's Trading Floor Blog

Buzz Stocks: Dell, Virgin Media, Baidu, and Sirius XM Radio

Traders today should keep an eye on shares of DELL, VMED, ARMH, BIDU, SIRI, and FB

by 2/5/2013 8:47 AM
Stocks quoted in this article:

U.S. stocks are pointed higher this morning, following suit with an upside bias out of Europe. As the major equity indexes look to recover from Monday's losses, here are a handful of hot stocks to watch on this third trading day of February:

  • A takeover deal for Dell Inc. (NASDAQ:DELL) could be announced as early as today, with the group of buyers expected to shell out $13.50 to $13.75 per share to acquire the one-time king of the PC market. (NY Times via Yahoo! Finance)

  • In other M&A news, Virgin Media Inc. (NASDAQ:VMED) is reportedly being targeted by Liberty Global, sending VMED shares up nearly 20% in pre-market action. (CNBC)

  • U.K.-based chip giant ARM Holdings plc (ADR) (NASDAQ:ARMH) rallied after topping quarterly profit expectations, with the shares vaulting to a fresh 12-year high in London. (Reuters)

  • On the other hand, Chinese search provider Baidu, Inc. (ADR) (NASDAQ:BIDU) is poised to start the U.S. session in negative territory, with traders panning the company's slowest quarterly earnings growth in nearly four years. (Bloomberg Businessweek)

  • Sirius XM Radio Inc (NASDAQ:SIRI) is also on pace for a post-earnings pullback, down more than 1% ahead of the open after falling short of fourth-quarter revenue expectations. (MarketWatch)

  • Social networking site Facebook Inc (NASDAQ:FB) is launching AdChoices on its site by the end of next month, which will grant users more transparency as to which advertisers are quietly stalking their online browsing habits. (CNET)

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