Buzz Stocks: TASER International, Inc., Federal-Mogul Holdings Corp, and Berkshire Hathaway Inc.

Today's stocks to watch include TASER International, Inc. (TASR), Federal-Mogul Holdings Corp (FDML), and Berkshire Hathaway Inc. (BRK.A)

by Kirra Fedyszyn

Published on Feb 29, 2016 at 9:49 AM

U.S. stocks are starting the day modestly higher, thanks to the latest policy move from China's central bank. Among equities in focus are stun gun producer TASER International, Inc. (NASDAQ:TASR), auto parts maker Federal-Mogul Holdings Corp (NASDAQ:FDML), and financial holding company Berkshire Hathaway Inc. (NYSE:BRK.A).

  • TASR surged 16.5% to $20.37 after reporting fourth-quarter earnings that surpassed analyst expectations. TASER International, Inc. has been regaining ground since hitting an annual low of $13.56 in late January, and is set to topple its 10- and 20-week moving averages for the first time since July. But while analysts are mostly in TASR's corner, 20% of the stock's available float is wrapped up in short interest. At TASR's typical daily volume, it would take nearly two weeks to buy back all these shares -- plenty of fuel to keep the equity moving higher.
  • FDML is up a whopping 43.4% at $7.14, after Icahn Enterprises LP (NASDAQ:IEP) -- which already owns 82% of the company -- offered the buy the remaining shares for $7 apiece. Federal-Mogul Holdings Corp also reported stronger-than-expected earnings early this morning. Until today, the stock was stuck in a long-term downtrend, hitting a five-year low of $3.81 earlier this month. In fact, FDML had underperformed the S&P 500 Index (SPX) by about 33 percentage points over the last three months. 
  • BRK.A is trading 1.1% higher at $200,460.54, after Warren Buffett released his annual letter to shareholders over the weekend. In the letter, Buffett discussed everything from Apple Inc.'s (NASDAQ:AAPL) showdown with the feds to some of the company's major investments from the past year, and gave a rather optimistic outlook for the future, saying that Americans being born today are "the luckiest crop in the world." Since hitting an annual low of $189,900.00 just over a month ago, Berkshire Hathaway Inc. has been staging a solid rebound, and could conquer its 32-week trendline for the first time since May.
Sign up now for Schaeffer's Opening View newsletter to get a head start on all the major pre-market news!

A Schaeffer's exclusive!

The Expert's Guide

Access your FREE trading earning announcements before it's too late!


  
 

Partnercenter


NEW! Explore Schaeffer’s Partners' deals and get connected to top online brokerages with deals tailored exclusively for our readers.  Get answers to your questions regarding transfer fees, commission rates, programs and available discounts related to online trading services.

MORE | MARKETstories


Research Exposes Shortcut to Stock Market Wins
A simple way to stop picking losers, and start cashing in like Wall Street's elite.
Spotify Stock Shaky as Amazon Eyes Podcasts
Amazon's interest in podcasts puts SPOT in focus
AZO Shifts Higher After Earnings
AutoZone's fiscal third-quarter results beat estimates
One New Company Looks Ready To Clean Up On China’s Lithium Mess
Click to continue to advertiser's site.