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.
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