Schaeffer's Trading Floor Blog

Buzz Stocks: Research In Motion Ltd, Google Inc (GOOG), E TRADE Financial Corporation (ETFC), and Whole Foods Market

Today's hot stocks to watch in the news include BBRY, GOOG, ETFC, and WFM

by 3/14/2013 9:17 AM
Stocks quoted in this article:

Mere days after the Dow hit a new all-time high, the S&P 500 Index could be poised to do the same, if today's early upward momentum persists. In stock news, here are some companies to watch:

  • An unnamed "partner" has given Research In Motion Ltd (NASDAQ:BBRY) its biggest single order in history, placing a request for 1 million BlackBerry 10 devices to begin shipping as soon as possible. Curious news watchers are theorizing a government agency could be behind the order, though a mobile carrier is also a possibility. (ZDNet)

  • Google Inc (NASDAQ:GOOG) has announced the impending end of its RSS reader (Google Reader), effective July 1, citing "declining usage." The company is also stopping sales and updates of Google Voice for BlackBerry and a handful of other services. Also, the search giant has appointed Sundar Pichai as its new head of the Android division. This is an internal selection, as Pichai was already the senior vice president of Chrome. (Mashable/Los Angeles Times)

  • With E*TRADE Financial Corporation (NASDAQ:ETFC) shares up more than 30% in 2013, its largest shareholder, Citadel LLC, is selling out of its 9.6% stake in the brokerage firm, releasing roughly 27.4 million shares. (Bloomberg)

  • Whole Foods Market, Inc. (NASDAQ:WFM) plans on opening a vacation destination, where guests could come to be educated on healthy lifestyle choices. The resort will be located near the company's Austin, Texas, headquarters, and would focus on dietary education. (USA Today)

  • McDonald's Corporation (NYSE:MCD) has pledged to hand out more than 1 million of its McMuffin breakfast sandwiches in China next Monday. Company officials say the gesture has nothing to do with an upcoming televised report on the wrongdoings of major corporations. (Huffington Post)

  • The Men's Wearhouse, Inc. (NYSE:MW) reported a fiscal fourth-quarter loss of 7 cents per share, though revenue rose 8.2% to $608.4 million. For the current year, the retailer expects to earn between $2.70 and $2.80 per share, surrounding analysts' per-share expectations of $2.77. Additionally, the company said it is considering strategic alternatives for its K&G chain, and upped its buyback program to $200 million, an increase of $155 million. (MarketWatch)

  • Veronica Mars -- a ratings-challenged television show that ended a three-season run in 2007 -- will see a new life thanks to pledges made via funding platform Kickstarter. The Kristen Bell series would be re-imagined as a movie if fans could raise $2 million in a month's time, and the fiercely loyal troops rallied to surpass $2.5 million on the first day, breaking a Kickstarter record. (CNNMoney)


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