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Stocks to Watch: AllianceBernstein, eBay, Ford, Netflix, Qualcomm


You'll want to keep these stocks on your radar today as you find your way through the fray...


Stocks to watch for Thursday, January 25:

  • AllianceBernstein Holding LP (AB) reported its profits rose a record 45.1% in the fourth quarter, helped by $10.6 billion in net inflows and a 23.9% boost in assets under management.
  • American International Group (AIG) said it offered to buy the 38.1% of 21st Century Insurance Group (TW) that it doesn't already own for about $690 million in cash.
  • Boeing (BA) is dropping plans to use a wireless network to deliver in-flight entertainment on its 787 "Dreamliner" after seeing problems in developing the technology
  • Charles Schwab (SCHW) said it has approved the buyback of up to an additional $500 million of the company's stock.
  • Corning (GLW) said James Houghton will step down as non-executive chairman of the board at the company's annual shareholders meeting on April 26.
  • Cypress Semiconductor (CY) said it has approved a new stock repurchase program of up to $300 million, effective immediately.
  • eBay (EBAY) reported fourth-quarter profit climbed 24% as sales rose more than expected, aided by a surge in its electronic-payments business and higher prices for the items sold online.
  • Ford (F) posted a $5.8 billion loss in the fourth quarter, due to slumping sales and huge restructuring costs for its North American operations.
  • Lockheed Martin (LMT) posted a 28% jump in quarterly net income amid profit gains in its aeronautics and information-technology segments, and it boosted its 2007 earnings forecast.
  • Netflix's (NFLX) profit dropped from a year ago when it benefited from a tax gain, but the company's revenue jumped 44% as it added 654,000 subscribers. Shares surged 9% after hours yesterday.
  • Qualcomm (QCOM) saw earnings rise nearly 5% in its first fiscal quarter, which the company credited to strong demand for wireless phones that use the company's chipsets and software.
  • Wal-Mart (WMT) is changing around its senior marketing staff and more changes are likely in efforts to help its sales growth.

Market Update

  • Asian trading closed mostly in the red with the Hang Seng -0.73%, Nikkei -0.28%, Sensex +1.22%, Taiwan -0.15% and Shanghai -3.96%.
  • A quick check across the pond is skewed to the upside with CAC +0.01%, DAX +0.14%, FTSE +0.03%, ATX +0.84%, Swiss Mkt. +0.28% and Stockholm +0.77%.
  • Gold is higher +3.0 to 651.2 and crude oil is also up +0.08 to 55.45 this morning.
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No positions in stocks mentioned.

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