Facebook Shares Slammed, And Other #Stocks2Watch
#Stocks2Watch: FOX Business rounds up the stocks you should watch before the opening bell rings on Wall Street. Tweet @adamsamson or e-mail adam.samson@foxbusiness.com and tell us what stocks you're watching -- your picks could appear online!
1. Facebook [FB]
Facebook took a beating after the social-networking giant revealed a 70-million-share follow-on offering, in which chief executive Mark Zuckerberg will offload close to 42 million shares.
2. Target [TGT]
FOXBusiness.com homepage editor @VictoriaCraig says she's keeping an eye on shares of Target after the retail heavyweight disclosed a data breach in which hackers compromised up to 40 million credit and debit card numbers. The stock recently fell 2.5% in pre-market trading.
3. Bristol-Myers Squibb [BMY]
Jessica MacKenzie on FOX Business' assignment desk says she's watching shares of Bristol-Myers Squibb because the pharmaceutical firm "raised its dividend by 3% and it sold its stake is a diabetes venture to its partner AstraZeneca."
4. Darden Group [DRI]
Olive Garden owner Darden Group revealed plans to sell or spin off its Red Lobster chain. The shares fell mildly in early trading as traders digested the move.
5. 3M [MMM]
@sgbarber will be paying close attention to shares of 3M, after the consumer products blue-chip boosted its dividend and issued an upbeat 2014 guidance earlier this week.