Wednesday, October 19, 2011

Stocks to watch today...

Several high profile earnings reports are out this morning, including Dow components Travelers (TRV) and and United Technologies (UTX) and Wall Street giant Morgan Stanley (MS).

We'll also get the latest numbers from Abbott Labs (ABT), Bank of New York Mellon (BK), BlackRock (BLK), PNC (PNC), and Freeport-McMoRan (FCX), among others.

American Express (AXP), eBay (EBAY), E*Trade (ETFC), Xilinx (XLNX), Wynn Resorts (WYNN), and Western Digital (WDC) are among the companies releasing quarterly numbers after today's closing bell.

Apple (AAPL) clearly leads our list of stocks to watch after posting its first quarterly earnings miss since 2004. Apple posted fiscal fourth quarter earnings of $7.05/share, 34 cents below estimates, with revenue also falling short.

Intel (INTC) shares jumped after hours, as the company posted record third quarter profits and gave an upbeat outlook for the fourth quarter.

Yahoo (YHOO) saw third quarter earnings fall 26%, but the stock rose after hours as Yahoo beat the Street's lowered expectations.

Also seeing bullish after-hours activity: Intuitive Surgical (ISRG), as its sales of robotic surgical equipment soared.

We'll also watch shares of JetBlue (JBLU), as chief financial officer Ed Barnes resigns.

Also on the watch list today: Dow component DuPont (DD) and Monsanto (MON), as DuPont sues Monsanto for alleged patent infringement regarding a process that helps genetically modified corn seeds germinate.

One stock we can't yet watch - but may be able to soon - is Groupon. Multiple reports say the daily deal company will launch its IPO roadshow next week, with an initial public offering likely to value the company at $11 - $12 billion.

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