Schaeffer's Trading Floor Blog

Buzz Stocks: FedEx, AMD, Apple, and Dole

Among today's stocks to watch: FDX, AMD, AAPL, DOLE, and ZNGA

by 9/18/2012 9:03 AM
Stocks quoted in this article:

Selling pressure is continuing in Tuesday's session, as investors exhibit concern over overseas issues, including tension between China and Japan. Closer to home, here are some stocks worth watching in today's news:

  • In earnings news, FedEx Corporation (NYSE:FDX) reported per-share earnings of $1.45, down a penny from the previous year. For both the full year and the current quarter, the shipping giant expects earnings to come in below analysts' estimates. Earlier this month, the company warned of an impending earnings shortfall. (CNBC)

  • Advanced Micro Devices, Inc. (NYSE:AMD) announced the resignation of Chief Financial Officer Thomas Seifert. Seifert -- who has been with the company since 2009 and served as interim CEO for eight months last year -- will leave on September 28 to pursue other opportunities. (Bloomberg Businessweek)

  • In after-hours trading, Apple Inc. (NASDAQ:AAPL) toppled the psychologically significant $700 level, reaching as high as $701.79 after closing the regular session at $699.78. The iPhone and iPad parent only topped the $600 mark in July, after passing $500 in February. (San Francisco Chronicle)

  • Beleaguered social-gaming company Zynga Inc (NASDAQ:ZNGA) will pay an undisclosed amount to acquire digital gaming firm A Bit Lucky. The 20-person, San Mateo-based company is best known for "mid-core" titles such as "Lucky Train" that are offered on Facebook Inc (NASDAQ:FB). (Chicago Tribune)

  • Dole Food Company, Inc. (NYSE:DOLE) is unloading two of its business units -- worldwide packaged foods and Asia fresh produce -- to Itochu Corp. for $1.7 billion in cash. The fruit and vegetable producer is expected to use the proceeds to pay down debt as it considers further strategic options. (CNBC)

  • Wal-Mart Stores Inc. (NYSE:WMT) continues to try and edge into New York City, but continues to come up short. The latest proposal -- which would have placed a store in Brooklyn -- failed due to economic terms. I guess if the world's largest retailer can make it there, it can make it anywhere...(Bloomberg)

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