Schaeffer's Trading Floor Blog

Buzz Stocks: Tiffany & Co., Apple, IAC/Interactive, and Hertz Global Holdings

Today's stocks to watch include TIF, IACI, AAPL, F, and HTZ

by 8/27/2012 8:47 AM
Stocks quoted in this article:

U.S. stock futures are pointed higher this morning on continued hopes that the world's central banks will be talking stimulus in the near future. Meanwhile, here are some stocks we are watching in the news today:

  • Earnings News: Tiffany & Co. (NYSE:TIF) collected 72 cents per share in the second quarter, a three-cent increase from the previous year, but two cents below analysts' expectations. Revenue also fell short of Wall Street's outlook. (The Washington Post)

  • Well, it was a long time coming -- more than two years -- but Hertz Global Holdings, Inc. (NYSE:HTZ) has confirmed it will acquire Dollar Thrifty Automotive Group, Inc. (NYSE:DTG) for $2.3 billion. DTG is up about 7% in pre-market trading. (The Chicago Tribune)

  • Several sources have confirmed that Apple Inc. (NASDAQ:AAPL) will be unveiling its two latest products at separate events. The iPhone 5 is now expected to debut on September 12, with the iPad mini announcement coming sometime in October. (Isn't an iPad mini kind of just an iPhone?) (AllThingsD.com)

  • IAC/InteractiveCorp (NASDAQ:IACI) has bought the About.com properties from The New York Times Company (NYSE:NYT). The deal, which includes the About.com, ConsumerSearch.com, and CalorieCount.com brands, is rumored to be priced at roughly $300 million in cash and will close in the next few weeks. NYT paid $410 for the site in 2005. (TechCrunch)

  • Ford Motor Company (NYSE:F) has broken ground on a $600 million plant in China, the automaker's sixth in the nation. The assembly plant will be able to churn out 250,000 vehicles annually by the end of 2014. (ABC News)

  • United Parcel Service, Inc. (NYSE:UPS) will overhaul its pension plan for 10,200 Teamsters union members at a cost of $896 million. This charge will impact the company's third-quarter earnings. (Bloomberg)

  • Finally, 8-year old California resident Vivienne Harr has raised more than $30,000 in the last two months through hard work at her lemonade stand. But she's not saving up for American Girl dolls or even college -- she has a goal of collecting $150,000 to fight human trafficking. This brings a new meaning to the word "precocious." (The Huffington Post)


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