Schaeffer's Trading Floor Blog

Buzz Stocks: Yelp, Facebook, Abercrombie & Fitch, and General Motors

Today's stocks to watch in the news include YELP, FB, ANF, GM, and MCD

by 9/13/2012 9:03 AM
Stocks quoted in this article:

It's the day every trader has been waiting for (this week, anyway) -- the latest Federal Reserve policy decision. Ahead of the open, futures have turned modestly lower. As you await the latest news from Washington, here are some stocks to watch:

  • In earnings news, Pier 1 Imports, Inc. (NYSE:PIR) announced second-quarter profit and sales growth and boosted its 2013 earnings outlook. (NASDAQ)

  • Abercrombie & Fitch Co. (NYSE:ANF) investors have been restless, as the stock has dropped more than 40% in the past year amid sinking earnings. In response, the apparel retailer has retained Goldman Sachs Group, Inc. (NYSE:GS) as an advisor. The firm was initially tapped for help in the second quarter. (CNBC)

  • Yelp Inc (NYSE:YELP) is introducing gift certificates for small businesses -- restaurants, spas, etc. -- that can be purchased right from yelp.com. This differs from Yelp Deals, which roughly follows the Groupon Inc (NASDAQ:GRPN) model. (CNET)

  • Just so you can feel a touch more guilty informed, McDonald's Corporation (NYSE:MCD) will begin posting calorie information in its restaurants and drive throughs. Additionally, the fast-food giant will be testing new menus featuring healthier choices, such as egg-white sandwiches and more produce options. (The Wall Street Journal)

  • Facebook Inc (NASDAQ:FB) shares posted their best one-day percentage gain since going public in May. In Wednesday's session, the stock climbed 7.7%, closing at $20.93. Of course, the shares are still off 45% from their debut price. (MarketWatch)

  • General Motors Company (NYSE:GM) is working on a restructuring deal for its European division, which is likely to include the closure of an auto plant in Bochum, Germany. Closing the factory -- which employs roughly 3,100 workers -- would save the Detroit-based automaker up to $2 billion. (The Wall Street Journal)

  • "What's your damage," Bravo? The cable network is bringing a reboot of 80s cult film Heathers to the small screen, in which Veronica Sawyer (played by Winona Ryder in the movie) is all grown up, living in present day, and raising a teenaged daughter of her own. Will this be as good as the TV versions of Friday Night Lights and Buffy the Vampire Slayer or as forgettable the animated version of Clerks? (Entertainment Weekly)


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