Schaeffer's Trading Floor Blog

Buzz Stocks: Facebook, Apple, EA, and Cisco Systems

Today's stocks to watch include FB, AAPL, EA, CSCO, and DAL

by 8/16/2012 8:53 AM
Stocks quoted in this article:

After a mixed finish on Wednesday, U.S. stocks are pointed higher this morning, thanks in part to positively received words from Chinese leaders. Back at home, we will have some earnings to digest and economic data to chew on. Here are some stocks to watch in trading today:

  • Earnings News: Improved U.S. sales helped lift earnings at Wal-Mart Stores, Inc. (NYSE:WMT) slightly above analysts' estimates (CNBC); Earnings and revenue at Cisco Systems, Inc. (NASDAQ:CSCO) both exceeded analysts' expectations. The networking company also lifted its dividend by 75% to 14 cents per share. (USA Today)

  • Apple Inc. (NASDAQ:AAPL) is reportedly in discussions with U.S. cable operators to build a device that would provide access to live broadcast television. The current Apple TV does not offer live channels, so this product would either be a notable upgrade or a new piece of hardware entirely. (The Wall Street Journal)

  • Facebook Inc (NASDAQ:FB) may be scrutinized even more closely than usual this morning, as today marks the expiration of the social media giant's post-IPO "lock-up." In other words, insiders are now able to trade in (and out) of their shares freely.(CBS News)

  • Electronic Arts Inc. (NASDAQ:EA) is surging higher in pre-market activity as rumors swirl about a possible buyout. The leading speculation is that a private-equity firm may be interested in acquiring the gaming name. (24/7 Wall Street)

  • Johnson & Johnson (NYSE:JNJ) has pledged to eliminate potentially toxic "chemicals of concern" from nearly all cosmetic and adult products by 2015. Baby products, meanwhile, will be re-engineered by the end of next year. (USA Today)

  • Delta Air Lines, Inc. (NYSE:DAL) is rolling back its plans to increase fares by up to $10 per round trip, as competitors failed to follow suit. (CNBC)

  • Lastly, digital killed the radio star. This year marks the first time that digital music sales in the U.S. -- including streaming services such as Pandora Media Inc (NYSE:P) -- will surpass traditional CDs and vinyl, $3.4 billion versus $3.38 billion, respectively. Globally, digital music is expected to overtake the tangible business in 2015. (Bloomberg)

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