Schaeffer's Trading Floor Blog

Buzz Stocks: LinkedIn, Apple Inc. (AAPL), RadioShack, and DreamWorks

Today's hot stocks to watch in the news include LNKD, AAPL, RSH, and DWA

by 2/8/2013 9:06 AM
Stocks quoted in this article:

While the Northeast battens down in anticipation of Nemo, the blizzard expected to strike today, futures are little changed ahead of the open. In company-specific news, here are some names to watch:

  • LinkedIn Corporation (NYSE:LNKD) said fourth-quarter earnings totaled 35 cents per share (excluding items), easily surpassing the 19 cents expected by analysts. Revenue, meanwhile, jumped 81% to $304 million, also topping Wall Street's outlook. This was the seventh consecutive quarter since its May 2011 IPO that LNKD has topped earnings estimates. (USA Today)

  • Apple Inc. (NASDAQ:AAPL) is currently sitting on $137 billion in cash, and is discussing how to spread the wealth among shareholders. Some investors believe the company should issue preferred shares, while others think increased dividends (or a special dividend) are the answer. (The Washington Post)

  • RadioShack Corporation (NYSE:RSH) has appointed a new CEO -- their fourth in three years -- who comes in with ample retail experience. Joseph C. Magnacca joins the electronics chain from Walgreen Company (NYSE:WAG), where he held the position of executive VP of marketing and merchandising. (Bloomberg)

  • As part of a larger cost-cutting plan, DreamWorks Animation SKG, Inc. (NASDAQ:DWA) may reduce its workforce by 25%, eliminating 500 jobs. This comes on the heels of news that two of the studio's films would be delayed. (Chicago Tribune)

  • Finally, the Internal Revenue Service (IRS) said a national sweep discovered 389 potential cases of identity theft in 32 states. This resulted in 189 indictments and 109 arrests. Check-cashing businesses are being looked into now, as the IRS screens to make sure they are not helping further this misconduct. (CNNMoney)

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