Schaeffer's Trading Floor Blog

Buzz Stocks: JPMorgan Chase, Wells Fargo, Netflix, J.C. Penney, and LinkedIn

Traders today should keep an eye on shares of JPM, WFC, NFLX, JCP, and LNKD

by 4/12/2013 9:00 AM
Stocks quoted in this article:

Stocks are set to open modestly lower this morning, as fresh worries over Cyprus have the Dow and S&P 500 poised to pull back from Thursday's record closing highs. Ahead of the bell, here are a few hot stocks to watch.

  • Quarterly results are out from JPMorgan Chase & Co. (NYSE:JPM) and Wells Fargo & Co (NYSE:WFC) this morning, starting a wave of bank earnings that's set to continue through next week. Despite beating bottom-line estimates, both JPM and WFC are poised to open lower after falling short of revenue forecasts. (MarketWatch)

  • In a post on the company's Facebook page, Netflix, Inc. (NASDAQ:NFLX) CEO Reed Hastings said the site has streamed 4 billion hours of video during the last three months. (Seeking Alpha)

  • Struggling retailer J.C. Penney Company, Inc. (NYSE:JCP) has retained the services of The Blackstone Group L.P. (NYSE:BX) to help it raise $1 billion in financing, according to sources. (CNBC)

  • Professional networking site LinkedIn Corp (NYSE:LNKD) shelled out roughly $90 million to acquire mobile startup Pulse. (Bloomberg)

  • The new Time cover story, "Made in the USA," heralds a rebirth in domestic manufacturing -- which won't necessarily translate into a glut of new jobs. (The Big Picture)

  • Silicon Valley's most famous rowing duo, the Winklevoss twins, have apparently amassed a sizable $11 million bitcoin fortune. What could go wrong...? (The New York Times)

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