Schaeffer's Trading Floor Blog

Buzz Stocks: Mosaic, Sirius XM Radio, Transocean, and Coinstar

Today's hot stocks to watch in the news include MOS, SIRI, RIG, and CSTR

by 1/4/2013 8:56 AM
Stocks quoted in this article:

Stock futures are indicated higher this morning after December's nonfarm payrolls report was slightly better than economists were projecting. Meanwhile, here is some company news to start your Friday:

  • Earnings news: Mosaic Co (NYSE:MOS) reported net profit of $1.47 per share in the second quarter, up from $1.40 in the previous year's reporting period. Revenue declined 17% to $2.5 billion, and operating profit dipped 30% to $560 million due to challenges in international markets (Reuters); Eli Lilly forecast 2013 earnings of between $3.75 and $3.90 per share, topping analysts' current expectations of $3.72 per share. Revenue is projected at $22.6 billion to $23.4 billion, versus estimates of $22.87 billion. (The Washington Post)

  • Sirius XM Radio Inc (NASDAQ:SIRI) is trading modestly higher in pre-market action after the U.S. Federal Communications Commission (FCC) signed off on Liberty Media Corp's (NASDAQ:LMCA) plans to continue its takeover of the company. LMCA hopes to officially take the reins within 60 days, but has already appointed an interim CEO and launched a stock buyback program. (Chicago Tribune)

  • Owner of the infamous Deepwater Horizon oil rig, Transocean LTD (NYSE:RIG), will pay $1.4 billion in fines that will be allocated between environmental efforts and coastal-area restoration. As part of its agreement with the U.S. Justice Department, RIG will also admit its violation of the Clean Water Act and will work to improve emergency-response and safety procedures within U.S. waters. (USA Today)

  • Coinstar, Inc. (NASDAQ:CSTR) CEO Paul Davis announced his retirement -- effective March 31 -- after roughly four years on the job. The company responded to the surprising news by appointing Chief Financial Officer Scott Di Valerio to the position. Di Valerio will also take over as chairman of the board. (The Seattle Times)

  • In an effort to reduce paper waste, Starbucks Corporation (NASDAQ:SBUX) has rolled out a reusable plastic coffee cup. Customers will be able to purchase this for $1 and will receive a 10-cent discount whenever they use the greener option. The challenge for coffee addicts, now, is remembering to bring the cup on every coffee run. (USA Today)

  • Finally, following the widespread success of its Doritos Taco (Nacho Cheese flavor), Taco Bell is hinting at introducing a Cool-Ranch version. The Yum! Brands, Inc. (NYSE:YUM) restaurant chain offered a clue on its Facebook page this week, displaying side-by-side pictures of Cool Ranch Doritos and a hard-shell taco, and noting, "Anything could happen in 2013." (The Consumerist)



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