Schaeffer's Trading Floor Blog

Buzz Stocks: Yahoo!, Apple, Monster Beverage, and FedEx

Today's stocks to watch in the news include YHOO, AAPL, MNST, and FDX

by 10/23/2012 9:08 AM
Stocks quoted in this article:

Investors are gearing up for a bumpy ride this morning, as earnings at home and news overseas have sent Dow futures more than 100 points lower in pre-market action. Meanwhile, here are some stocks making news today:

  • Earnings news: In the company's first release since Marissa Mayer took the helm, Yahoo! Inc. (NASDAQ:YHOO) reported a boost in third-quarter earnings, although revenue was relatively flat and income from operations dropped 14% (The New York Times); United Parcel Service, Inc. (NYSE:UPS) said third-quarter earnings came in at $1.06 per share (excluding items), matching estimates, while revenue edged lower to $13.07 billion, falling shy of expectations (The Wall Street Journal); E. I. du Pont de Nemours and Company (NYSE:DD) unleashed a trifecta of bad news: the company missed earnings expectations, lowered its full-year guidance, and announced plans to cut about 1,500 jobs. (The Wall Street Journal)

  • Apple Inc. (NASDAQ:AAPL) is expected to unveil the iPad Mini today, with everyone interested to see the price tag. Analysts are expecting the smaller tablet -- projected to be 7.8 inches, about 20% smaller than the original model -- to be offered for anywhere from $249 to $349. (CNN Money)

  • Monster Beverage Corp (NASDAQ:MNST) dropped sharply on Monday after the U.S. Food and Drug Administration (FDA) disclosed the company's energy drinks had been cited in the deaths of five people, including a 14-year-old girl. A FDA spokeswoman said these are being regarded as allegations at this point and will be investigated. (Bloomberg Businessweek)

  • Nokia Corporation (ADR) (NYSE:NOK) has announced a new Windows phone at a more affordable price point. The Lumia 510 features a 4-inch display and a price tag of roughly $199. (Reuters)

  • Chesapeake Energy Corporation (NYSE:CHK) will pay back more than half of a $4 billion loan taken in May. The energy company has collected $2.8 billion in cash after selling some of its assets in the Permian Basin (between west Texas and eastern New Mexico). (Reuters)

  • FedEx Corporation (NYSE:FDX) expects its holiday shipping volume to rise 13% this year to more than 280 million deliveries. The company will hire 20,000 seasonal workers to help with the rush. Last year, volume around the holidays rose by 10%. (Chicago Tribune)

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