Published February 13, 2014
Time Warner Cable Zips Higher and Other #Stocks2Watch
#Stocks2Watch: Time Warner Cable Zips Higher
Time Warner Cable shares roared higher in early action after Comcast said it would buy the cable company for $45.2 billion.
Time Warner Cable [TWC]
Triple Play: Comcast said it will buy Time Warner Cable in an all-stock deal valued at $45.2 billion. Time Warner shares are surging 12% in the pre-market, Comcast is up 2%. Meanwhile, Charter Communications, which previously made a bid for TWC, is tumbling some 6%.
Cisco posted better-than-expected quarterly results after the bell Wednesday. However, the networking giant posted a gloomy current-quarter outlook and warned about the choppy economic recovery. The shares are down 3.8% in the pre-market.
Whole Foods Market [WFM]
Whole Foods Market revealed worse-than-expected quarterly results after the closing bell Wednesday, and narrowed its full-year outlook. Shares of the wholesome food retailer are tumbling 7.5% in the pre-market.
American International Group [AIG]
American International Group is set to post its quarterly earnings after the close on the day. Shares of the insurance behemoth are trading just mildly lower in early action.
NVidia saw its fiscal-fourth quarter profits slide 16%, but a better-than-expected current-quarter sales view is sending shares of the electronic component maker zipping higher by 3% in pre-market action.