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
TheStreet Open House

Stocks to Watch: Google, Rite Aid

Stock quotes in this article: GOOG, RAD, SNE, GS

NEW YORK -- Google (GOOG), the Internet search giant, is expected to report first-quarter earnings after Thursday's closing bell, and analysts expect a profit of $9.65 a share on revenue of $8.14 billion.

Think Equity previewed Google's numbers last week and reiterated its buy rating on the stock and $714 price target. Think Equity is expecting above-consensus earnings of $9.91 a share on revenue of $8.15 billion.

Google shares closed Wednesday at $635.96.


Sony (SNE), the consumer-electronics giant, confirmed Thursday that it was cutting 10,000 jobs, or about 6% of its global work force, and forecast that it will make its TV business, which has lost money for eight straight years, profitable again by fiscal 2014.

Sony said on Tuesday it projects an annual loss of 520 billion yen ($6.4 billion), much wider that earlier predictions of a loss of 220 billion yen, and its worst loss ever.

10 Stocks That Fidelity Funds Ar


The Securities and Exchange Commission could announce Thursday that Goldman Sachs (GS) will pay $22 million to settle allegations the bank didn't have adequate policies to prevent research from being passed inappropriately to preferred clients, Reuters reported, citing people familiar with the matter.

The SEC's case against Goldman is expected to be similar to one Goldman settled last year with Massachusetts securities regulators, several sources told Reuters.

The $22 million penalty will resolve charges by both the SEC and the Financial Industry Regulatory Authority.

The SEC agreed to the terms of the settlement a few weeks ago, several of the people told Reuters.


Rite Aid (RAD), the drugstore chain, is expected by analysts Thursday to post a fiscal fourth-quarter loss of 14 cents a share on revenue of $7.12 billion.

Analysts forecast fourth-quarter same-store sales to rise 3%.

Big Bank Analysts Grow More Bearish Ahead of Earnings


Other companies reporting quarterly results on Thursday include Fastenal (FAST), JB Hunt Transport Services (JBHT) and Talbots (TLB).

Investors, Issuers Plan for 2112 With 'Century Bonds'


-- Written by Joseph Woelfel



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

>To submit a news tip, send an email to: tips@thestreet.com.

Copyright 2012 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!
DOW 16,804.71 -238.19 -1.40%
S&P 500 1,946.16 -26.13 -1.32%
NASDAQ 4,422.0850 -71.3050 -1.59%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

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