Stocks to Watch: OfficeMax, Office Depot, Dell
NEW YORK -- OfficeMax (OMX) and Office Depot (ODP) are in advanced talks to merge, people familiar with the matter told The Wall Street Journal.
The deal is expected to be stock-for-stock, though precise terms couldn't be learned, the newspaper said.
A deal isn't done yet, and talks could still fall apart. But an announcement could come as early as this week, the people told the Journal.
Both retailers have been hurt by a weak economy and stiffer competition from companies such as Staples (SPLS) and Amazon.com (AMZN).
Dell (DELL), the personal computer maker, is expected by Wall Street Tuesday to post fourth-quarter earnings of 39 cents a share on revenue of $14.12 billion. Dell reached a deal earlier this month to go private in a $24.4 billion deal. Does Michael Dell Have the Cash to Quell a Shareholder Revolt?
Herbalife (HLF), at the center of a public fight between Carl Icahn and Bill Ackman, is expected to post fourth-quarter earnings Tuesday of $1.03 a share on revenue of $1.05 billion. Herbalife Circus: Expect More Entertainment
Medtronic (MDT) is expected by analysts to post fiscal third-quarter profit of 91 cents a share on revenue of $4.03 billion.
Nabors Industries (NBR) is projected to report Tuesday fourth-quarter earnings of 29 cents a share. 5 Stocks Poised for Breakouts
-- 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.
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
