Schaeffer's Trading Floor Blog
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Although most of the major indexes finished yesterday in the green, their gains are in jeopardy, with futures pointed slightly lower ahead of the opening bell. In company news, here are some stocks to watch today:

  • Yesterday, Moody's Investors Service warned that it may cut the credit ratings of major banks, since the government may no longer consider them "too big to fail." Names like Goldman Sachs Group Inc (NYSE:GS), Morgan Stanley (NYSE:MS), and JPMorgan Chase & Co (NYSE:JPM) could be affected by the potential decision, which would make it more difficult for them to borrow money and sell debt. (The New York Times)

  • Same-store sales increased 5% during the second quarter for The Gap Inc. (NYSE:GPS), which earned 64 cents per share (excluding items) on $3.87 billion in revenue. Analysts anticipated adjusted earnings per share of 64 cents on $3.83 billion in sales. Additionally, the retailer hiked its full-year earnings guidance, and announced that it's boosting its quarterly dividend. (CNBC)

  • The Nasdaq stock market, operated by the NASDAQ OMX Group, Inc. (NASDAQ:NDAQ), experienced a power outage for over three hours yesterday. The problem was actually fixed in half an hour, but NDAQ officials took their time in order to assure banks, brokerage firms, and other parties that a restoration in operations would occur in an orderly fashion. (CNBC)

  • Within two or three weeks, Exxon Mobil Corporation (NYSE:XOM) expects to finalize the partial sale of an Iraqi oilfield. The energy concern, which owns a 60% stake in the West Qurna-1 oilfield, will be selling 25% of its holdings to Petro China, and another 10% to Pertamina. (Reuters)

  • After tweeting earlier this month about his $1 billion stake in Apple Inc. (NASDAQ:AAPL), Carl Icahn took to Twitter again to broadcast his upcoming dinner with AAPL CEO Tim Cook. "What will be discussed is magnitude," the activist investor wrote -- likely referring to a larger buyback, of which he is an advocate. (NBC News)

  • Marvell Technology Group Ltd.'s (NASDAQ:MRVL) second-quarter earnings came in at $61.8 million, or 23 cents per share (excluding items) -- ahead of the consensus forecast of 19 cents per adjusted share. The chip maker's net income fell 1% from a year ago to $807.1 million, but was still ahead of the expected $791.4 million. In addition, MRVL's predicted revenue range for the current quarter was $850 million to $890 million, outstripping Wall Street's average view of $845 million. (MarketWatch)

  • Finally, while the NFL regular season may not have begun, advertisers have already started scooping up Super Bowl ad space. With two weeks to go before professional football kicks off, 85% of the championship's advertising slots are already filled, at an estimated cost of $4 million for 30 seconds of time. (USA Today)


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