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Stocks to Watch: AMD, Exxon Mobil, GM, Sirius, Verizon


Just act classic...


Stocks to watch for July 7th.

  • Advanced Micro Devices (AMD) warned that second-quarter revenue will be lower than in the first period, a sign price cuts by rival Intel (INTC) are starting to hurt.
  • AmerUS Group (AMH), a U.S. life insurer, is in talks to be bought out by Britain's Aviva Plc in a deal valued at $2.3 bln.
  • EBay (EBAY) on Wednesday added Google (GOOG) new, rival "Checkout" payments service to a list of payment services disallowed on its popular auction site.
  • Exxon Mobil (XOM) pays more than $300 mln to two law firms for 15-year battle with service station dealers.
  • Ford Motor (F) said on Friday that its first-half Chinese retail sales had risen 101.8 percent from a year earlier to 74,395 vehicles, as it rolled out new models.
  • Kirk Kerkorian wants General Motors (GM) to seriously consider whether joining forces with Renault-Nissan could accelerate cost cutting at the auto maker.
  • RadioShack (RSH) is expected to name Julian Day, a former top Kmart executive, as its new chairman and chief executive.
  • Sirius Satellite (SIRI) narrowed XM Satellite's (XM) lead in the satellite-radio race, adding 600,460 net subscribers in the second quarter to XM's 398,000
  • Tribune (TRB) plans to cut several foreign correspondent positions at two of its daily newspapers and reorganize its overseas coverage
  • Verizon Communications (VZ) is inching closer to spinning off its directories business in a deal that could be valued at as much as $13 billion.

Market Update

  • Asian trading closed with the Hang Seng +0.11%, Nikkei -0.09%, Sensex -2.40%, Shanghai -0.65% and Taiwan +0.02%.
  • A quick look across the pond finds the CAC -0.23%, DAX -0.30%, FTSE +0.04%, ATX -0.82% and Stockholm -0.32%.
  • Crude oil is trading +0.18 to 75.32 while gold is -4.3 to 632.0. For their part stateside futes are mixed to fair value.
No positions in stocks mentioned.

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