Schaeffer's Trading Floor Blog

Buzz Stocks: Google Inc, JPMorgan Chase & Co., Visa Inc, and US Airways

Today's hot stocks to watch in the news include GOOG, JPM, V, and LCC

by 2/7/2013 8:58 AM
Stocks quoted in this article:

As the Dow tries to inch higher in pre-market trading, the 14,000 level once again comes into focus. Meanwhile, investors will be tuning into a press conference with European Central Bank President Mario Draghi, and digesting economic data from the domestic front. In company-specific news, here are some names to watch:

  • Visa Inc (NYSE:V) reported first-quarter profits of $1.93 per share, on revenue of $2.85 billion. Both numbers surpassed analysts' estimates, which called for per-share results of $1.79 on $2.8 billion in revenue. (MarketWatch)

  • Yelp Inc (NYSE:YELP) reported a fourth-quarter loss of 8 cents per share, as revenue surged 65% to $41.2 million. Analysts were targeting a loss of just 5 cents per share and revenue of $40 million. (CNBC)

  • On the heels of a steep net loss for 2012, Alcatel Lucent SA (ADR) (NYSE:ALU) CEO Ben Verwaayen is leaving his post. The outgoing leader, who has served in the role since 2008, said the telecom equipment company may benefit from a "fresh perspective." (Chicago Tribune)

  • Merger talks between US Airways Group, Inc. (NYSE:LCC) and American Airlines are reportedly heating up, as non-disclosure agreements between the two airlines will expire next Friday. A partnership would create the world's largest airline. (Bloomberg)

  • A number of internal documents, including emails and transcripts from employee interviews, reveal that JPMorgan Chase & Co. (NYSE:JPM) ignored some red flags related to mortgage-backed securities. These files came to light as part of a lawsuit filed against JPM and its affiliates. (The New York Times)

  • Google Inc (NASDAQ:GOOG) is upgrading its AdWords platform to better target consumers using mobile devices. This would allow -- per the company's own example -- a restaurant to display one ad to a user on her PC in the morning, and a different ad on the same user's smartphone during the evening commute. In other news, GOOG has shelled out $125 million to acquire Channel Intelligence, in hopes that the data service will improve Google Shopping functionality. (Google; Mashable)

  • The Boeing Company (NYSE:BA) is now hard at work making alterations to its lithium-ion battery design. The work is in an effort to eliminate the problems that caused an indefinite grounding of the company's Dreamliner 787 fleet. (Chicago Tribune)

  • Same-store sales are trickling in for January, and Costco Wholesale Corporation (NASDAQ:COST) said sales for the month rose 4%, topping the 3.6% increase that was expected. Limited Brands, Inc. (NYSE:LTD) easily overcame estimates for 3.7% growth, announcing a 9% jump in same-store sales. (MarketWatch)

  • Finally, Hasbro, Inc. (NASDAQ:HAS) has released a new Monopoly piece to replace the iron. Earning 31% of fan votes to beat iconic images such as a guitar, a toy robot, and a diamond ring, is the "sassy cat," a natural complement to the existing Scottie dog, which consumers voted was their favorite of the existing pieces. (Entertainment Weekly)


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