Schaeffer's Trading Floor Blog

Buzz Stocks: Wal-Mart, Groupon, Texas Instruments, and Facebook

Among today's stocks in the news to watch: WMT, GRPN, TXN, FB, and SBUX

by 11/15/2012 8:49 AM
Stocks quoted in this article:

As investors wait to process the consumer price index (CPI), weekly jobless claims, and more domestic data, futures are sitting slightly south of breakeven. Meanwhile, major retailers have come forward with earnings and Groupon is making an executive change near the top. Here are stocks to watch in the news today:

  • Earnings news: Wal-Mart Stores, Inc. (NYSE:WMT) banked $1.08 per share in the latest quarter, up 12 cents from the year-ago period and a penny above Wall Street's estimates. Revenue, however, rose to $113.93 billion, missing expectations of $114.96 billion. Same-store sales edged 1.5% higher for the period, south of estimates for a 4.6% climb (CNBC); Target Corporation (NYSE:TGT) earnings rose 15% in the third quarter to 96 cents per share (or 90 cents excluding items). For the fourth quarter, the retailer expects to report profits of $1.64 to $1.74 per share, exceeding the $1.51 expected by analysts. (The Wall Street Journal)

  • In need of a change, Groupon Inc (NASDAQ:GRPN) has named a new Chief Operating Officer, promoting Senior VP of Global Sales and Operations Kal Raman into the role. The position has been vacant for roughly 14 months. (TechCrunch)

  • Texas Instruments Incorporated (NASDAQ:TXN), meanwhile, plans to eliminate 1,700 positions, slimming its workforce by nearly 5%. Most of the job cuts will be related to the company's wireless business. The downsizing -- along with some other changes -- should result in annual savings of $450 million by the end of next year. (The Washington Post)

  • Facebook Inc (NASDAQ:FB) is getting into the job-search game, launching an app on Wednesday with 1.7 million job listings. With this move, the social-networking giant launches a pretty clear salvo at LinkedIn Corporation (NYSE:LNKD), which bills itself as the online source for professional networking. (CNNMoney)

  • Further expanding into the tea market, Starbucks Corporation (NASDAQ:SBUX) has purchased Teavana Holdings, Inc. (NYSE:TEA) for roughly $620 million in cash, or $15.50 per TEA share. The acquisition -- the largest ever for SBUX -- is expected to close by the end of 2012. (Bloomberg)

  • News Corp (NASDAQ:NWS) is in talks with the New York Yankees to potentially acquire a minority stake in YES, the team's cable network that is reportedly valued as high as $3 billion. NWS is currently lacking a sports presence in New York, which is the largest media market in the U.S. (Los Angeles Times)

  • Finally, the Transportation Security Administration (TSA) has updated its list of prohibited items, just in time for the holiday shopping season. Passengers are now free to fly with snow globes, cakes, and pies. (The Consumerist)

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