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Buzz Stocks: Lululemon, Zynga, Starbucks, and Intel

Today's hot stocks to watch in the news include LULU, ZNGA, SBUX, AAPL, and INTC

by 12/6/2012 8:59 AM
Stocks quoted in this article:

After yesterday's mixed market session, U.S. stock futures are flat ahead of the opening bell. Turning to stocks, Zynga is turning to the Silver State for help, and Starbucks is continuing its quest for world domination. Here are some other stocks in the news today:

  • Earnings news: Athletic apparel retailer Lululemon Athletica (NASDAQ:LULU) announced a third-quarter profit of 39 cents per share, a 12-cent improvement from the year-ago period and two pennies better than analysts' expectations. Revenue surged 37% to $316.5 million, also topping the consensus view. (MarketWatch)

  • The legal battle between Samsung and Apple Inc. (NASDAQ:AAPL) continues to rage on, as the former tries to defend itself against an earlier patent infringement fine of more than $1 billion. Meanwhile, the iPhone parent is seeking additional damages of $535 million and lobbying for the elimination of 26 Samsung products (phones and tablets) from retail shelves. (SlashGear)

  • Zynga Inc (NASDAQ:ZNGA) is hoping to cash in its "virtual chips" for some real greenbacks. With hopes to take its online gambling to the next level -- and boost its lost revenue from its once lucrative games -- the company filed a preliminary application for real-money gambling in Nevada. Although online gambling is legal in very few states in the U.S., a gaming license in Nevada could help ZNGA's overall reputation. In October, ZNGA signed a deal with Gibraltar-based to operate real-money games in the U.K., starting next year. (Yahoo! News)

  • The Securities and Exchange Commission (SEC) is continuing an investigation into whether Deutsche Bank AG (USA) (NYSE:DB) covered up losses during the market crash of 2008. Though the probe was first reported last year by Reuters, it has actually been ongoing since 2010. Three former employees allege that the banking giant inflated the value of a derivatives portfolio to hide excessive losses during 2008's financial turmoil. (The Wall Street Journal)

  • Departing Intel Corporation (NASDAQ:INTC) CEO Paul Otellini has speculated his successor will be coming from inside the company, noting he is "very comfortable with the internal candidates." To date, the chip maker has always promoted to the top position from within. Possible contenders for the role when Otellini retires in May include current COO Brian Krzanich and CFO Stacy Smith. (Bloomberg Businessweek)

  • Starbucks Corporation (NASDAQ:SBUX) is looking to increase its presence throughout the Americas by 20%, adding more than 3,000 locations during the next five years. CEO Howard Schultz did assert this expansion strategy is different from the one employed in 2007 and 2008, which was -- in hindsight -- "growth for growth's sake." (CNBC)

  • Just 15 days after releasing Call of Duty: Black Ops II -- the most recent title from the popular video-game series Call of Duty -- Activision Blizzard, Inc. (NASDAQ:ATVI) said sales have eclipsed the $1 billion mark. To put this into perspective, it took 17 days for blockbuster movie Avatar to accomplish this feat back in 2009, while 2011's Call of Duty release did it in 16 days. (Bloomberg)

  • In the latest index reshuffling, Garmin Ltd. (NASDAQ:GRMN) will join the S&P 500 Index (SPX) as of the close on Dec. 11. The maker of navigation devices will replace R.R. Donnelley & Sons Company (NASDAQ:RRD), which is shifting to the S&P MidCap 400 Index (MID). (FOXBusiness)

  • Finally, are you looking for that perfect holiday gift idea for your pepperoni-obsessed paramour? Consider Pizza Hut Perfume, which smells like "freshly baked, hand-tossed dough." But you may need to hit the black market -- only 110 bottles are being produced, and are being distributed to Facebook fans of Pizza Hut Canada. (The Consumerist)

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