Schaeffer's Trading Floor Blog

Buzz Stocks: FedEx Corporation, Yahoo! Inc., Facebook Inc (FB), and Starbucks Corporation

Today's stocks to watch in the news include FDX, YHOO, FB, and SBUX

by 6/19/2013 9:01 AM
Stocks quoted in this article:

After two solid gains in a row, the major market indexes are taking a breather this morning. In early action, stocks are sticking close to breakeven, as investors play the "will they/won't they taper" game ahead of the Fed's highly anticipated statement. In company news, here are some stocks to watch today:

  • FedEx Corporation (NYSE:FDX) entered the earnings confessional this morning, and came away smelling like roses. Excluding items, the shipping name posted earnings of $679 million, or $2.13 per share, topping analyst estimates of $1.96 per share. The outperformance was due to increased business, as well as reduced costs, attributable to a decrease in jet fuel prices. (CNBC)

  • The Boeing Company (NYSE:BA) officially launched the 787-10 Dreamliner today. The first North American carrier to add the jumbo jet to its fleet will be United Air Lines, Inc., a subsidiary of United Continental Holdings Inc (NYSE:UAL), which will buy 20 of the new planes. Delivery is expected in 2018. (USA Today)

  • Yahoo! Inc. (NASDAQ:YHOO) continues its mobile app acquisition streak. After mulling over a $30 million to $40 million acquisition of address book designer Xobni earlier this week, the Internet giant is said to be in talks with Qwiki, a startup that produces an app for easily converting pictures, songs, and videos into movies. The deal could be worth as much as $50 million. (AllThingsD)

  • Adobe Systems Incorporated (NASDAQ:ADBE) earned $76.5 million, or 15 cents per share, for its fiscal second quarter. Topping analyst estimates by three pennies, per-share earnings came in at 36 cents, excluding items. Meanwhile, revenue was down 10% to $1.01 billion, which was in line with forecasts. (FOX Business)

  • Vodafone Group Plc (ADR) (NASDAQ:VOD) has raised its bid for Kabel Deutschland to roughly 85 euros per share from its original offer of 80 to 82 euros a share. The upped bid matches that from Liberty Global PLC (NASDAQ:LBTYA), and values the Germany-based cable operator at 7.5 billion euros, or $10.04 billion. (CNBC)

  • Facebook Inc (NASDAQ:FB) will not include video advertisements in its News Feed until fall, as opposed to the original plan to launch in the spring. The videos have not yet been proven as effective forms of advertisement, and so the social network is still trying to convince advertisers to invest in them. (Mashable)

  • Duke Energy Corp's (NYSE:DUK) current chief financial officer Lynn Good is set to replace CEO Jim Rogers, after he retires at the end of the month. Moreover, Good, who has served as CFO since 2009, will also join the company board, and Rogers will remain board chairman until the end of the year. (The Washington Post)

  • In an effort to increase its sales in the U.S. (particularly in the afternoons and evenings), Starbucks Corporation (NASDAQ:SBUX) is expanding its food menu to include more sandwiches and salads, among other items. Chief financial officer Troy Alstead announced on Tuesday that, currently, one out of three purchases at U.S. restaurants includes a food item, and that food purchases account for 19% of overall sales. (USA Today)

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