Schaeffer's Trading Floor Blog

Buzz Stocks: Intel, NuPathe, Sirius XM Radio, and Pfizer

Among today's stocks in the news to watch are INTC, PATH, SIRI, and PFE

by 1/18/2013 9:18 AM
Stocks quoted in this article:

Stocks are indicated slightly higher ahead of the open this morning, as bulls keep hold of the reins after yesterday's positive showing. On expiration Friday, here are some stocks to watch:

  • Earnings news: General Electric Company (NYSE:GE) reported adjusted fourth-quarter earnings of 44 cents per share, topping analysts' estimates by a penny. Sales, meanwhile, edged roughly 4% higher to $39.3 billion, while the company's backlog climbed to a record $210 billion (Bloomberg); Intel Corporation (NASDAQ:INTC) said fourth-quarter profit fell 27% to 48 cents per share, while revenue dropped 3% to $13.5 billion. Looking ahead, the tech concern expects current-quarter sales of $12.2 billion to $13.2 billion, encompassing the Street's forecast for $12.9 billion in revenue (The Wall Street Journal).(CBS News)

  • NuPathe Ine (NASDAQ:PATH) earned U.S. Food and Drug Administration (FDA) approval for Zecuity, which is a topical migraine treatment powered by batteries. The shares rose 15% yesterday and are indicated more than 20% higher this morning in pre-market activity. Ahead of this FDA decision, options players were in a gambling mood, scooping up front-month, out-of-the-money calls. (Bloomberg Businessweek)

  • Sirius XM Radio Inc (NASDAQ:SIRI) has officially lost its independence, as Liberty Media Corp (NASDAQ:LMCAD) acquired an additional 50 million shares in order to lift its total holdings to 50.7% of the company. This implies majority control, and could mean impending changes for the satellite radio firm, as LMSCA looks to bolster international operations and commit to technology upgrades. (Reuters)

  • AT&T Inc. (NYSE:T) will absorb an unexpected charge of roughly $10 billion due to larger-than-expected pension expenses. While these will not impact operating results, the telecom giant's fourth-quarter earnings will be negatively impacted due to Superstorm Sandy damages and rising smartphone costs. (CNBC)

  • E*TRADE Financial Corporation (NASDAQ:ETFC) has appointed Paul Idzik as its new CEO. Idzik -- who will assume the post on Tuesday -- was previously chief operating officer at Barclays PLC, and will also take a position on the online brokerage's board. This has been a tough position to fill, as seven individuals have had the role during the past five years. (MarketWatch)

  • Pfizer Inc. (NYSE:PFE) said the initial public offering of its animal healthcare company Zoetis Inc could fetch up to $2.2 billion, as the division plans to offer 86.1 million shares priced between $22 and $25 apiece. The stock, which will trade on the New York Stock Exchange under the ZTS ticker, will be priced on Jan. 31. (Bloomberg Businessweek)

  • Finally, if you have a spare few million hanging around, you might be able to pick up the original (circa 1966) Batmobile at auction next month. (USA Today)

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