Schaeffer's Trading Floor Blog

Buzz Stocks: Salesforce.com, Chipotle, News Corp, and Walt Disney

Today's hot stocks to watch in the news include CRM, DE, CMG, NWS, and DIS

by 11/21/2012 8:37 AM
Stocks quoted in this article:

With volume expected to be muted ahead of the Thanksgiving holiday, stock futures have inched below breakeven. Elsewhere, Rupert Murdoch is looking to further grow his empire, while Chipotle is anxious to spend. Here are some of the stocks making news today:

  • Earnings news: Salesforce.com, inc. (NYES:CRM) disclosed a third-quarter loss of $1.55 per share, wider than the year-ago per-share loss of $0.03. Excluding items, the firm banked 33 cents per share, a penny above expectations. Revenue totaled $788.4 million, north of the estimated $776.6 million. For the fourth quarter, CRM expects per-share results between 38 and 40 cents per share (excluding items) (MarketWatch); Deere & Company (NYSE:DE) announced fourth-quarter earnings of $1.75 per share as revenue increased 14% to $9.79 billion. These numbers were mixed compared to analysts' expectations for earnings per share of $1.88 and $8.9 billion in sales. (The Washington Post)

  • Chipotle Mexican Grill, Inc. (NYSE:CMG) is doubling its stock buyback program to $200 million from the $100 million plan announced just last month. Under the existing plan, CMG has so far repurchased about $40 million worth of shares. (Denver Business Journal)

  • Flight attendants with US Airways Group, Inc. (NYSE:LCC) have authorized a strike, as they attempt to negotiate a new contract settlement with the carrier. The Association of Flight Attendants has already rejected two earlier contract proposals. (South Florida Business Journal)

  • Sources "familiar with the situation" report that News Corp (NASDAQ:NWS) has its eye on Simon and Schuster, a book publisher currently owned by CBS Corporation (NYSE:CBS). NWS is already the parent of HarperCollins, and is likely spinning off its publishing division as a separate company. (Financial Times)

  • The Walt Disney Company (NYSE:DIS) is calling a temporary halt to its experiment with streaming movie content, as it closes its Disney Movies Online business on Dec. 31. Of the largest Hollywood studios, DIS is the only one not partnered with UltraViolet, a service that enables consumers to download movies to the cloud and watch on computers, televisions, or mobile devices. (MercuryNews.com)

  • Finally, it's the fifth anniversary of the Amazon.com, Inc. (NASDAQ:AMZN) Kindle e-reader. So what is the top selling book? Hide your children … it's Fifty Shades of Grey (which only recently made a splash this past year). The second installment of the Grey series is the fifth best-seller, surrounding all parts of the Hunger Games trilogy. (Mashable)


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