Stocks to Watch: Groupon, Ingersoll-Rand
NEW YORK -- Groupon (GRPN) is expected by analysts Monday to post second-quarter adjusted earnings of 3 cents a share on revenue of $578 million.
In the first quarter, the daily deals site posted a profit of 2 cents a share on revenue of $559.3 million.
Shares of Groupon have declined more than 60% since its IPO in November was priced at $20.
Activist investor Nelson Peltz will join the board of Ingersoll-Rand (IR) as he pushes to improve profitability at the industrial conglomerate, The Wall Street Journal reported, citing people familiar with the matter. Peltz's Trian Management LP fund took a roughly 7% stake in the company in May. The company is expected to announce Peltz's appointment to the board on Monday, the people told the newspaper. Bridgewater Bets on Insurers, Brazil
Julius Baer , the Swiss private bank, said Monday it would acquire Merrill Lynch's wealth-management business outside the U.S. and Japan from Bank of America (BAC) for $880 million.
Motorola Mobility, which Google (GOOG) bought in May, told employees Sunday it plans to cut 20% of its work force and close nearly a third of its 94 offices worldwide, The New York Times reported.
Sysco (SYY) is expected Monday to report fourth-quarter earnings of 54 cents a share on sales of $11.04 billion.
Barnes & Noble (BKS) is reducing by $20 the price for its less-expensive model Nook tablet, undercutting by that amount the rival Kindle Fire sold by Amazon.com (AMZN). Barnes & Noble Cuts Nook Prices -- Written by Joseph Woelfel
>To contact the writer of this article, click here: Joseph Woelfel
Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim 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
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
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
Stocks Under $10
TRY IT FREEDavid 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
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll 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 + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur 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
