Schaeffer's Trading Floor Blog

Buzz Stocks: Intel, LinkedIn, Yahoo!, and Netflix

Today's hot stocks to watch in the news include INTC, LNKD, YHOO, and NFLX

by 12/31/2012 8:49 AM
Stocks quoted in this article:

As the hours tick down with no end to the fiscal-cliff drama expected, futures are pointed lower on the final day of 2012. In company news, here are a few stocks to watch today, when taking a break from monitoring any developments out of Washington:

  • A multi-billion dollar settlement is expected soon in the U.S. government's push to hold banks accountable for their part in the 2008 financial crisis that severely impacted the housing market. Fourteen major banks -- including JPMorgan Chase & Co. (NYSE:JPM), Wells Fargo & Company (NYSE:WFC), and Citigroup Inc. (NYSE:C) -- will pay about $10 billion for faulty and difficult home loans that resulted in foreclosures and many properties being lost. While a large chunk of the settlement will go to those that lost homes due to foreclosure, the majority of the fine will aid people having trouble keeping their homes. For this group, the money will lower payments and/or the remaining principal owed. (The New York Times)

  • Netflix, Inc. (NASDAQ:NFLX) CEO Reed Hastings is rolling into the new year with an increased earnings potential. The streaming-video company is boosting his annual salary to $2 million from $500,000 and giving him $2 million in stock options (up from $1.5 million in 2011). Despite a challenging business environment this year, the stock has bounced back and is up roughly 29% in 2012. (CNNMoney)

  • After Google TV was deemed a failed excursion for Intel Corporation (NASDAQ:INTC) microchips, the tech giant has ramped up efforts to offer its own cable TV service. With a subscription to INTC's new service, users could access both traditional cable channels and streaming content, by means of a set-top device. Though not yet available, INTC plans to roll out this initiative on a city-by-city basis, in hopes of better licensing negotiations with content providers. (TechCrunch)

  • Yahoo! Inc. (NASDAQ:YHOO) is pulling its services from South Korea -- effective today -- after a decade and a half in the country. This is the first Asian market the Internet company is exiting as company officials focus on stronger areas with better growth potential. (TechCrunch)

  • Online networking outfit LinkedIn Corporation (NYSE:LNKD) is in the throes of a privacy lawsuit. Rick D. Senft, president of Passavant Memorial Homes in Pittsburgh, alleged that an account was set up in his name, but without his permission or knowledge. The suit acknowledges that the page -- which contained Senft's personal contact information -- has since been removed, but also states that LNKD will only divulge the creator of the page with a court order. (USA Today)

  • Wal-Mart Stores, Inc. (NYSE:WMT) is removing smoked salmon from its Sam's Club shelves in 42 states. Packages of the fish have the potential for contamination from the Listeria bacteria. Currently, no illnesses have been linked to the recall. (The Consumerist)

  • Finally, the most-Instagrammed location in the world in 2012 was -- surprisingly enough -- Bangkok's Suvarnabhumi Airport, where more than 100,000 people snapped photos using the Facebook Inc (NASDAQ:FB)-owned mobile tool. Other popular sites were Disneyland, Times Square, the Eiffel Tower, and Dodger Stadium. (Instagram)

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