This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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!

Stocks to Watch: Facebook, RIM (Update 1)

NEW YORK -- Facebook (FB - Get Report) is reportedly in talks to buy Opera Software, a Norwegian marker of Internet browsers.

The news was first reported Friday by U.K.-based technology Web site Pocket-Lint.

Reports also said Facebook could be planning to release a smartphone sometime next year.

Facebook shares closed Friday at $31.91, well off their initial public offering price of $38.

Shares of Facebook dropped 2.19% in premarket trading Tuesday to $31.21.


Research In Motion (RIMM), the BlackBerry maker, said its chief legal officer is retiring.

RIM said Karima Bawa, who had been with the struggling company for 12 years, had been in discussions about her retirement for some time.

Bawa's retirement follows last week's departure of Patrick Spence, RIM's head of global sales.

RIM is reportedly is planning a major restructuring soon, with some media suggesting the company will cut from 2,000 to 6,000 jobs.

The Five Dumbest Things on Wall Street This Week: May 25


Retailer Charming Shoppes (CHRS) is estimated to post first-quarter earnings of 18 cents a share on revenue of $493.9 million.


Sanderson Farms (SAFM - Get Report), the chicken processor, reported second-quarter net income Tuesday of $23.9 million, or $1.04 a share, a swing from a year-earlier loss of $16.3 million, or 74 cents a share.

Second-quarter net sales were $595 million, up from year-earlier sales of $479.3 million.

Analysts were expecting the company to post fiscal second-quarter profit of 95 cents a share on revenue of $591.25 million.

3 Top U.S. Stocks for the Great Euro Real Estate Selloff


Patriot Coal (PCX) named Irl Engelhardt as the company's new CEO, replacing Richard Whiting who has been CEO and president since 2007.

Bennett Hatfield was named new president in addition to his current role as chief operating officer.

Shares of Patriot Coal ticked up a penny, or 0.41%, in premarket trading Tuesday to $2.47.

DryShips (DRYS - Get Report), the owner of drybulk carriers, will post a first-quarter loss of 2 cents a share on sales of $258.7 million, according to analysts.

NYSE Is Winning the IPO Listing War


-- 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.

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!
SYM TRADE IT LAST %CHG
DRYS $0.95 0.00%
FB $78.97 0.00%
SAFM $85.21 0.00%
AAPL $128.46 0.00%
GOOG $558.40 0.00%

Markets

DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

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