Schaeffer's Trading Floor Blog

Buzz Stocks: Groupon, Priceline, Amazon.com, and JPMorgan Chase

Today's hot stocks to watch in the news include PCLN, GRPN, AMZN, and JPM

by 11/9/2012 8:54 AM
Stocks quoted in this article:

It looks like more selling is on tap, as futures are pointed lower ahead of President Obama's afternoon speech about the U.S. economy and the feared "fiscal cliff." In company news, here are some stocks to watch today:

  • Earnings news: Groupon Inc (NASDAQ:GRPN) broke even in the third quarter, an improvement over year-ago losses of 18 cents per share. Revenue rose to $568.6 million, missing analysts' expectations (The New York Times); The Walt Disney Company (NYSE:DIS) said fourth-quarter profit rose 14% to 68 cents per share, while revenue picked up by 3% to $10.78 billion. Fiscal-year income rose 18% on a 3% climb in revenue (The Wall Street Journal); NVIDIA Corporation (NASDAQ:NVDA) announced third-quarter net income of 33 cents per share, topping analysts' expectations by three pennies. Revenue was up 13% to $1.2 billion, matching estimates. (Bloomberg Businessweek)

  • Priceline.com Inc (NASDAQ:PCLN) is paying $1.8 billion to acquire Kayak Software Corp (NASDAQ:KYAK), an online travel comparison website. The deal -- which values KYAK at a 26% premium from its closing price Thursday -- will help PCLN expand among mobile customers. (Los Angeles Times)

  • In its latest move to dominate every corner of the retail world, Amazon.com, Inc. (NASDAQ:AMZN) has launched Amazon Wine. The service offers roughly 1,000 bottles and ships to 12 states. (CNN Money)

  • JPMorgan Chase & Co. (NYSE:JPM) is resuming its stock buyback plan and hopes to repurchase up to $3 billion of its stock during the first quarter of 2013. Stock buybacks were put on hiatus at the banking firm in the wake of the $6.5 billion "London Whale" mishap. (Forbes)

  • The Boeing Company (NYSE:BA) announced it inked more than 1,000 new orders so far this year, putting it ahead of leading rival Airbus for the first time in six years. The large majority of Boeing's orders have been for Boeing's 737 narrow-body jets. (Reuters)

  • Finally, the average turkey dinner -- with fixings (stuffing, sweet potatoes, cranberries, pumpkin pie, and more) -- will cost the American family just $49.48 this Thanksgiving, up a modest 28 cents from 2011. The bird is the priciest item, naturally, with a 16-pound turkey costing $1.39 per pound, or roughly $22.23. (CNBC)


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