Buzz Stocks: Amazon.com, Inc., Cabelas Inc, and Mylan NV

Today's stocks to watch in the news include Amazon.com, Inc. (NASDAQ:AMZN), Cabelas Inc (NYSE:CAB), and Mylan NV (NASDAQ:MYL)

Josh Selway

Dec 30, 2016 at 9:25 AM

WMT
JNJ
MYL
CAB
AMZN

Heading into the last trading day of 2016, U.S. stock futures are signaling a positive open. Among specific equities in the spotlight today are online retail giant Amazon.com, Inc. (NASDAQ:AMZN), outdoors fanatic Cabelas Inc (NYSE:CAB), and EpiPen maker Mylan NV (NASDAQ:MYL). Here's a quick look at what's driving AMZN, CAB, and MYL.

AMZN is in the news this morning, thanks to reports the company -- along with Wal-Mart Stores, Inc. (NYSE:WMT) -- is being sued by the founder of music group Run-DMC for selling products related to the group without its permission. Regardless, the stock is edging higher in electronic trading, looking to add to its 13.2% year-to-date lead, last seen at $765.15. And heading into the new year, it's hard to find any skepticism directed toward Amazon.com, Inc. For example, 27 of 30 analysts say to buy the shares.
CAB has slipped 7.3% in pre-market trading, after the company disclosed the Federal Trade Commission (FTC) has requested additional information (subscription required) related to its planned merger with Bass Pro Shops. However, the company still says it plans to be cleared by U.S. and Canadian regulators in the first half of 2017. The stock has been hovering just beneath Bass Pro Shops' takeover offer of $65.50 per share in recent weeks, finishing Thursday at $61.68. If the pre-market losses come to fruition, Cabelas Inc would open at $57.20 -- still higher than where it was trading before the merger was announced, but also representing the stock's largest percentage drop in 10 months.
MYL has added 2.2% ahead of the open, after the drugmaker announced it's launching a generic version of Johnson & Johnson's (NYSE:JNJ) Concerta. The stock needs the boost, as its failed to recover from the EpiPen drama that sent the shares stumbling back in August, with MYL closing Thursday at $37.38. Even so, analysts have remained bullish on Mylan NV. At the moment, seven brokerage firms say the stock is a "strong buy," while zero have issued "sell" ratings.

Stay on top of overnight news & big morning movers. Sign up now for Schaeffer's Opening View.

Follow @Schaeffers

You Don’t Need 25 Alerts -- You Need ONE You Can Trust!

That’s the idea behind Trade of the Week, Schaeffer’s newest trade alert.

Every Monday morning before the opening bell, you’ll receive a single, expertly researched trade recommendation -- built from the same proprietary research we’ve been using for over four decades.

It’s not just a signal.

It’s a plan designed for traders who are tired of jumping from alert to alert without ever finding their edge.

No juggling alerts. No switching directions mid-week. Just one clear, expertly researched trade idea -- delivered before the market even opens.

👉 JOIN RIGHT NOW FOR JUST $1 TO GET THE NEXT TRADE!