Schaeffer's Trading Floor Blog

Buzz Stocks: Microsoft Corporation (MSFT), Carnival Corporation, Barnes & Noble, and Yum! Brands Inc.

Today's stocks to watch in the news include MSFT, CCL, BKS, YUM

by 6/26/2013 9:02 AM
Stocks quoted in this article:

U. S. stocks are poised to head higher again today, with futures solidly in the green ahead of the bell. On the calendar for today is the final first-quarter gross domestic product number, as well as weekly crude inventories. Turning to today's stock news, here are some names to watch:

  • After months of embarrassing press stemming from its rash of cruise ship accidents -- including a power outage that left one liner stranded for days -- Carnival Corporation (NYSE:CCL) CEO Micky Arison is resigning from his post. Longtime director Arnold W. Donald will assume the position, while Arison will remain chairman of the board. (ABC News)

  • Starting today at the Build conference, Microsoft Corporation (NASDAQ:MSFT) will be previewing Windows 8.1. The updated version of Windows 8, which went on sale eight months ago, was designed to address many of its predecessor's perceived shortcomings -- including the absence of the iconic Start button. The initial release of Windows 8.1 is meant for developers and business partners; later this year, a version will be released to the general public. (CNBC)

  • Apollo Group Inc (NASDAQ:APOL) reported a lackluster fiscal third-quarter earnings report yesterday, caused primarily by a 17% decrease in enrollment. On an adjusted per-share basis, the company earned $1.05, easily topping the consensus view. Revenue, however, was down 16% to $946.8 million, compared to a forecast of $965 million. (Barron's)

  • Due to poor sales of the Nook, Barnes & Noble, Inc. (NYSE:BKS) will cease manufacturing the e-reader on its own. From now on, the bookseller will partner with third parties to make the tablets, and in exchange, will provide those business partners with co-branding opportunities. Meanwhile, the current Nook inventory will be discounted from now through the year's end. (The New York Times)

  • Taco Bell Corp.'s new "Power Protein" items -- which are already being offered at Southern California restaurants -- will be added to menus at Ohio locations on July 25. The new food items from the Yum! Brands, Inc. (NYSE:YUM) chain include twice the amount of beef and chicken and contain more than 20 grams of protein and fewer than 450 calories per serving. (Consumerist)

  • Smith & Wesson Holding Corporation (NASDAQ:SWHC) announced earnings of 38 cents per share -- which doubled last year's result of 19 cents per share -- for its fiscal fourth-quarter. Excluding items, the firearms manufacturer's earnings matched analysts' consensus estimate of 44 cents a share. Sales, meanwhile, surged nearly 38% to $178.7 million, topping the Street's view. (FOX Business)

  • Finally, Pittsburgh, Pa. topped Movoto's Smartest City survey, beating 99 of the other most populous cities in the U.S. The cities on the list were ranked by the number of universities and colleges per person, the number of libraries, museums and public schools, residents' education levels, and quality of local media. (TribLive)


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