Schaeffer's Trading Floor Blog

Buzz Stocks: Facebook Inc (FB), Las Vegas Sands, Time Warner, and Netflix

Today's hot stocks to watch in the news include FB, LVS, TWX, and NFLX

by 1/31/2013 9:06 AM
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As investors await key economic reports, including tomorrow's monthly jobs number, futures are indicated slightly lower. Turning to specific companies, here are some names in the news to watch today:

  • Facebook Inc (NASDAQ:FB) announced adjusted earnings of 17 cents per share, two cents north of estimates. Revenue rose 40% to $1.59 billion, narrowly exceeding expectations. The number of monthly active users on the social networking site rose 25% on a year-over-year basis to 1.06 billion, while the daily active user base grew by 28% to 618 million. (Barron's)

  • Thanks in large part to 48% revenue growth in Macau, Las Vegas Sands Corp. (NYSE:LVS) enjoyed a 21% surge in global revenue for the fourth-quarter, edging out analysts' estimates. Per -share earnings, however, totaled 54 cents per share, missing the 60-cent average analyst estimate. Softening the blow, the gaming concern boosted its quarterly dividend by a dime to 35 cents per share. (Bloomberg Businessweek)

  • As The Boeing Company's (NYSE:BA) fleet of Dreamliner 787s lies dormant, financial repercussions are adding up for the carriers who rely on the aircraft. Japanese airline All Nippon Airways has already lost $15 million in revenue, due to almost 460 cancelled flights. (CNNMoney)

  • New research has shown that one-quarter of U.S. households have subscribed to Netflix, Inc. (NASDAQ:NFLX), up from 20% one year ago. The use of streaming video technology has grown more prevalent as well, as roughly 55% of U.S. homes access video entertainment using this method. (USA Today)

  • Time Inc. -- the magazine publishing arm of Time Warner Inc. (NYSE:TWX) -- is eliminating roughly 480 jobs, cutting its overall staff by 6%. The company currently publishes 95 magazines, including Time, Sports Illustrated, and People, and has said it currently has no plans to eliminate any of these titles. Meanwhile, TWX may consider selling its 1.1 million square-foot headquarters in Manhattan's Columbus Circle, according to two sources. (CNNMoney; Reuters)

  • Finally, Super Bowl tickets are losing value on the secondary market, but they are still no bargain. Tickets purchased for a face value of between $850 and $1,250 are now being sold on StubHub and other sites for roughly $2,800, down from $2,950 earlier in the week. (CNBC)

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