This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

9 Stocks to Watch: LinkedIn, Starbucks, Alcatel-Lucent

NEW YORK ( TheStreet) -- LinkedIn (LNKD - Get Report) posted its first quarterly loss since its May initial public offering despite revenue more than doubling during the time period.

The business social network also said it will raise up to $500 million in another stock sale.

Shares were falling 10.3% to $78.50.

Starbucks (SBUX - Get Report) beat Wall Street profit expectations for its fiscal fourth-quarter by a penny on better-than-expected revenue. But the coffee chain gave a fiscal 2012 outlook below analysts' expectations as it expects rising commodity costs.

The stock was rising 3.9% to $43 in premarket trading.

Alcatel-Lucent (ALU - Get Report), the technology company, posted improved third-quarter profit but cut its profit and sales forecasts for 2011 on uncertainty in Europe.

The stock was falling 13.4% in premarket trading to $2.39.

AIG (AIG - Get Report) posted its biggest quarterly loss since 2009, hurt by declining markets and an impairment charge on its plane-leasing subsidiary.

AIG also announced a plan to buyback $1 billion worth of common shares.

AIG shares were off 3.4% to $23.80.

CBS (CBS - Get Report) said third-quarter earnings topped analysts' expectations, but revenue, despite rising 2% to $3.37 billion, came in below forecasts.

CBS said sales benefited from new online streaming partnerships.

The stock was down less than 1% to $24.38 in premarket trading.

Google (GOOG) said it is altering its search algorithm to include more time sensitive, relevant content. The change, which comes as Google's usefulness as a real-time search site is challenged by Facebook and Twitter, will affect about 35% of all searches.

Google previously incorporated real-time search into its results through a partnership with Twitter, but this feature was disabled in July when the two failed to renew their contract.

The stock was down 49 cents to $597.01.

Bank of New York Mellon (BK) is negotiating with federal prosecutors to resolve a civil suit over currency trades that could pave the way to settlements of $2 billion in lawsuits, according to a report in The Wall Street Journal.

Earnings reports are expected from Berkshire Hathaway (BRK.A - Get Report) and KKR (KKR - Get Report).

-- Written by Joseph Woelfel

>To contact the writer of this article, click here: Joseph Woelfel

>To submit a news tip, send an email to:

Related links:

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
ALU $3.90 0.13%
AIG $55.39 0.11%
CBS $60.04 1.60%
BRK.A $220,821.00 -0.16%
GOOG $560.52 0.38%


DOW 18,256.68 +123.98 0.68%
S&P 500 2,112.72 +8.22 0.39%
NASDAQ 4,998.6770 +35.15 0.71%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs