Schaeffer's Trading Floor Blog

Buzz Stocks: Netflix Inc. (NFLX), Apple Inc. (AAPL), Procter & Gamble, and Herbalife

Today's hot stocks to watch in the news include NFLX, AAPL, PG, and HLF

by 2/15/2013 8:57 AM
Stocks quoted in this article:

On expiration Friday ahead of a long weekend, Dow futures are sitting slightly below breakeven ahead of the open as the blue-chip index tries to avoid ending a second consecutive week in the red. Turning to company news, here are some stocks to watch in trading today:

  • The Procter & Gamble Company (NYSE:PG) has reduced its earnings outlook for the current quarter and 2013, due to devaluation of the Venezuelan currency. The bolivar's lower value will impact the consumer-products company by up to $275 million, lowering earnings per share by as much as 9 cents. For the current quarter, PG now expects to earn between 90 and 96 cents per share (versus 97-cent estimates); in 2013, the company will earn $3.94 to $4.04 per share, lower than the consensus view of $4.07. (Barron's)

  • Herbalife Ltd. (NYSE:HLF) is indicated more than 18% higher in pre-market trading. Driving the buying demand is news that Carl Icahn has purchased $214 million worth of HLF stock and options, amounting to a nearly 13% stake in the controversial company. (Los Angeles Times)

  • Hedge funds bid adieu to Apple Inc. (NASDAQ:AAPL) during the fourth quarter of 2012, exacerbating the stock's falling value. The Omega Advisors fund sold out of 266,000 AAPL shares during the three-month period, for example, while Farallon Capital dumped 137,000 shares. (Reuters)

  • A software developer in Australia has revealed that Google Inc (NASDAQ:GOOG) sent him personal information (including email addresses and zip codes) for everyone who purchased his app. As this transfer of data aligns with Google's app store policies, it has reignited concerns about the search giant's privacy practices. (NBC News)

  • There is more good news for Netflix Inc. (NASDAQ:NFLX) today, as a U.S. District Judge dismissed a shareholder lawsuit. The suit, originally filed in January 2012, claimed the company failed to disclose rising expenses in order to drive the stock price higher. (Thomson Reuters)

  • In other news from the legal front, Tiffany & Co. (NYSE:TIF) has filed a lawsuit against Costco Wholesale Corporation (NASDAQ:COST). The former alleges employees at the warehouse retailer falsely promoted diamond engagement rings as "Tiffany," leading to "hundreds if not thousands of" disappointed customers. The lawsuit claims, "Tiffany has never sold nor would it ever sell its fine jewelry through an off-price warehouse retailer…" (The New York Times)

  • Finally, as 2015 approaches, you can own the actual "Pit Bull" hoverboard from Back to the Future Part II. It's currently listed on eBay Inc (NASDAQ:EBAY) and priced for roughly $13,000. (Mashable)

permanent link

Partner Center

© 2015 Schaeffer's Investment Research, Inc. 5151 Pfeiffer Road, Suite 250, Cincinnati, Ohio 45242 Phone: (800) 448-2080 FAX: (513) 589-3810 Int'l Callers: (513) 589-3800 Email:

All Rights Reserved. Unauthorized reproduction of any SIR publication is strictly prohibited.

Market Data provided by | Data delayed 15-20 minutes unless otherwise indicated.