Stocks to watch: RIM, Facebook, Pep Boys

The BlackBerry maker is looking at strategic options, while the social network giant shares sank 10% Tuesday.

By MSN Money Partner May 30, 2012 9:22AM
By Joseph Woelfel, TheStreet.com

Research In Motion (RIMM) late Tuesday forecast an operating loss for its fiscal first quarter. The BlackBerry maker said its "financial performance will continue to be challenging for the next few quarters." RIM also said it has hired bankers to help with its review of its strategic options and that it planned to make "significant" reductions in its workforce. Shares of RIM fell 7.39% to $10.40 in premarket trading Wednesday.


Facebook (FB), the social networking giant, lost nearly 10% of its market capitalization on Tuesday with the stock becoming a favorite of short sellers. Facebook closed Tuesday at $28.84. Its IPO price of less than two weeks ago was $38. Facebook shares ticked down 24 cents, or 0.83%, to $28.60 in premarket trading Wednesday.


Pep Boys (PBY) said it's ending its merger agreement with private-equity firm Gores Group. Gores said it would pay Pep Boys $50 million in fees as reimbursement for merger-related costs. Shares of Pep Boys fell 19.12% to $8.97 in premarket trading Wednesday.


Sallie Mae (SLM) added another $400 million to its share repurchase program. It was given authorization to buy back $500 million of stock in January, the same time it raised its quarterly dividend to 12.5 cents from 10 cents.


Dunkin' Brands (DNKN) plans to open 550 to 650 new stores globally this year, CEO Nigel Travis said Wednesday. The company plans to open 350 to 450 Dunkin' Donuts store outlets outside the U.S. this year, Travis told reporters, MarketWatch reported.


Booz Allen (BAH), the consulting firm, is expected by analysts Wednesday to post fiscal-fourth-quarter earnings of 40 cents a share on revenue of $1.55 billion.

0Comments

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

STOCK SCOUTER

StockScouter rates stocks from 1 to 10, with 10 being the best, using a system of advanced mathematics to determine a stock's expected risk and return. Ratings are displayed on a bell curve, meaning there will be fewer ratings of 1 and 10 and far more of 4 through 7.

118
118 rated 1
270
270 rated 2
472
472 rated 3
714
714 rated 4
624
624 rated 5
608
608 rated 6
623
623 rated 7
445
445 rated 8
319
319 rated 9
125
125 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
AAPLAPPLE Inc10
ATVIACTIVISION BLIZZARD Inc10
BIDUBAIDU Inc10
BMYBRISTOL-MYERS SQUIBB CO.10
CELGCELGENE CORP10
More

VIDEO ON MSN MONEY

ABOUT

Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.

Contributors include professional investors and journalists affiliated with MSN Money.

Follow us on Twitter @topstocksmsn.