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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Stocks to Watch: Facebook, RIM (Update 1)

Stocks in this article: FB RIMM DRYS SAFM CHRS PCX

NEW YORK -- Facebook (FB) 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), 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), 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:

Select the service that is right for you!

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 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • 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