Schaeffer's Trading Floor Blog

Buzz Stocks: Yahoo!, Ford Motor, Google, and VMware

Today's hot stocks to watch in the news include YHOO, F, GOOG, and VMW

by 1/29/2013 9:06 AM
Stocks quoted in this article:

With a slew of earnings and economic data on deck (not to mention a Fed meeting), futures are slightly lower this morning as investors express caution. In company-specific news, here are some names to watch:

  • Yahoo! Inc. (NASDAQ:YHOO) announced fourth-quarter profits (excluding items) of 32 cents per share, which topped estimates by 4 cents. Revenue rose 4.4% to $1.22 billion, roughly in line with expectations. CEO Marissa Mayer asserted that this was the first time in four years that YHOO posted revenue growth. The recently reported quarter was the first full earnings period under Ms. Mayer's leadership. Ahead of last night's earnings report, option traders were cautiously optimistic. (CNBC)

  • No. 2 American automaker Ford Motor Company (NYSE:F) said it earned 31 cents per share in its fourth quarter, topping analysts' expectations of 25 cents per share. Revenue in the three-month period expanded by 5% to $36.5 billion, also exceeding consensus estimates. Vehicle sales improved in every global region except for Europe, and hit a five-year high in the U.S. (CBS News)

  • Pfizer Inc. (NYSE:PFE) banked fourth-quarter profits of 85 cents per share, which included proceeds from the pending sale of its nutrition business. Excluding items, the pharmaceutical heavyweight earned 47 cents per share, exceeding the 44-cent estimate on Wall Street. Revenue dropped 6.6% to $15.07 billion, topping consensus estimates. For the year, PFE projects per-share earnings of $2.20 to $2.30, barely encapsulating the $2.29 projected by analysts. (Fox Business)

  • On the heels of issuing a guarded forecast for 2013, VMware, Inc. (NYSE:VMW) said it will reduce its workforce by 7%, eliminating 900 jobs. The company also said it will remain on the lookout for interesting merger opportunities. The shares are indicated 17% lower in pre-market trading, which is good news to speculators who bought out-of-the-money puts yesterday. (TechCrunch)

  • Google Inc (NASDAQ:GOOG) is facing a lawsuit in the U.K. from roughly a dozen Apple Inc. (NASDAQ:AAPL) iPhone users, who feel their right to confidential Internet browsing was violated. The suit stems from prior claims that the search giant installed tracking cookies within the Safari web browser, bypassing existing privacy guards. (USA Today)

  • J.C. Penney Company, Inc. (NYSE:JCP), which last year introduced a controversial "no sales" policy, is already rethinking this move. Confronted with the reality of declining sales numbers, the department-store name will start having seasonal sales again, kicking off with a discount on jewelry, just in time for Valentine's Day. (The Huffington Post)

  • Finally, Super Bowl buffet lines may be lacking in one critical item: chicken wings. The National Chicken Council notes there will be 12.3 million fewer wings available this year, thanks to a summer drought that impacted feed prices. Wholesale wing prices have risen from $1.21 a pound in 2011 to $2.06 this year. (USA Today)


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