Schaeffer's Trading Floor Blog

Buzz Stocks: JPMorgan Chase, Netflix, Wal-Mart, and Facebook Inc (FB)

Among today's stocks in the news to watch are JPM, NFLX, WMT, and FB

by 1/15/2013 8:51 AM
Stocks quoted in this article:

As investors are again nervously focused on the nation's capital, stock futures are sitting moderately lower ahead of the open. Meanwhile, here are some stocks to watch in the news today:

  • Earnings news: Homebuilder Lennar Corporation (NYSE:LEN) announced fourth-quarter earnings of 56 cents per share, a notable increase over last year's results and 11 cents higher than analysts' expectations. Revenue surged by roughly 40% to $1.35 billion during the reporting period, and new orders posted a 32% rise. (Bloomberg)

  • As a result of last year's "London Whale" trading disaster -- which resulted in losses of more than $6 billion -- JPMorgan Chase & Co. (NYSE:JPM) has been ordered to shore up its internal processes. While the investment-banking name won't pay a fine, it will have to fulfill guidelines specified by the Federal Reserve and the Office of the Comptroller of the Currency. In addition to improving risk-management procedures, JPM will also overhaul its process for flagging suspicious activity in an effort to prevent money laundering. (CNNMoney)

  • Thanks to new contracts with Turner Broadcasting and Warner Bros., Netflix, Inc. (NASDAQ:NFLX) has bolstered its library with streaming content of Cartoon Network and Adult Swim shows. The shows, including Robot Chicken and Johnny Bravo, will be available starting March 30. (Mashable)

  • RadioShack Corporation (NYSE:RSH) and Target Corporation (NYSE:TGT) are severing ties, as the latter has selected two new partners to maintain the "Target Mobile" sections in 1,500 of its stores. During the last two years, RSH had been selling mobile phones within Target stores, but was struggling to book a profit from the deal. (Minneapolis/St. Paul Business Journal)

  • Wal-Mart Stores, Inc. (NYSE:WMT) has unveiled a plan to hire veterans, and hopes to bring aboard up to 100,000 former servicemen and women during the next half decade. Appropriately, the hiring campaign will kick off on Memorial Day this year. (FOX News)

  • Brocade Communications Systems, Inc. (NASDAQ:BRCD) has appointed Lloyd Carney as its new CEO, to replace the retiring Michael Klayko. Carney's comes from Xsigo, a startup that was purchased by Oracle Corporation (NASDAQ:ORCL) last year. (Silicon Valley Mercury news)

  • Finally, Facebook Inc (NASDAQ:FB) will reveal the contents of its mystery announcement later this morning, and the speculation is running rampant. Some of the theories include: improvements to its search function, innovations in mobile advertising, or advancements in the gaming field. Less likely is the oft-rumored (but already denied) FB-branded smartphone. (USA Today)


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