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

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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.

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