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Stocks to Watch: GMCR, COST, AOL & More

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Published: Wednesday, 28 Nov 2012 | 7:59 AM ET
Peter Schacknow By:

Senior Producer, CNBC

Take a look at some of Wednesday's morning movers:

Green Mountain Coffee Roasters - Green Mountain reported fiscal fourth-quarter profit of $0.64 per share, excluding certain items, 16 cents above estimates. Revenue also exceeded consensus, as did the company's current quarter outlook.

Costco Wholesale - Costco reported a November same-store sales increase of 6 percent, above estimates of 5.5 percent. The warehouse retailer also announced a special cash dividend of $7 per share.

AOL - AOL will treat a previously announced special dividend of $5.15 per share as a return of capital. That means that recipients will not pay taxes on the payout, but will have to reduce the basis of their holdings, resulting in a larger potential gain (or smaller loss) when the stock is sold.

General Electric - The industrial conglomerate is unveiling a new effort to increase its involvement in services-related businesses, aimed at hospitals, airlines, and railroads, among others.

Research In Motion - A Swedish arbitrator has ruled against RIM in a patent dispute with Nokia. The decision could mean RIM may have to halt sales of its BlackBerry smartphones if it does not reach a royalty agreement with Nokia.

Jos. A Bank - The clothing retailer reported third-quarter profit of $0.47 per share, eight cents below estimates. The company cites Hurricane Sandy and the presidential election as impacting November and fourth-quarter comparable sales.

Knight Capital Group - Knight Capital could be sold for more than $1 billion, according to The Wall Street Journal. CNBC had reported earlier in the week that Virtu Financial and Getco LLC were expected to submit takeover bids for Knight, and our Kate Kelly said her sources still indicate that $600 million to $700 million is a more likely price range.

Analog Devices - The company earned $0.58 per share for its fourth quarter, two cents above estimates. But its current quarter forecast of $0.40 to $0.48 per share is considerably short of the $0.54 Street consensus, with the chipmaker continuing to see its sales decline because of weak demand for its signal-processing technology.

PVH - PVH reported third-quarter profit of $2.34 per share, four cents above estimates. The apparel maker's current quarter forecast of $1.48 to $1.50 per share, however, is short of Street estimates of $1.52, although PVH did raise its full-year guidance. The current quarter shortfall is being attributed to the negative impact of Hurricane Sandy on November sales.

McCormick & Co. - The company is increasing its quarterly dividend to $0.34 per share from $0.31, the 27th straight year that the spice maker has increased its quarterly payout.

eBay - The online auctioneer reported mobile shopping on Cyber Monday was up sharply compared to a year ago. eBay mobile transacted volume more than doubled compared to a year ago, while the company's PayPal unit saw global mobile payment volume nearly triple.

Sony - Sony has reportedly been approached by at least three investment banks to help sell the company's battery business, according to Reuters. Sony has been trying to sell non-core assets and focus on its consumer electronics business.

Facebook - The social network operator reports referral traffic to the 25 most popular retail sites increased by 18 percent on Cyber Monday compared to a year ago.

Advanced Micro Devices - AMD will try to sell its Texas campus to raise cash, as the chipmaker tries to diversify beyond its PC business. AMD expects to get $150 million to $200 million for the campus and then plans to lease it back.

Toyota Motor - The automaker is expecting a post-Sandy boost to its November sales, according to Toyota USA President Jim Lentz. Overall, Lentz is expecting to see annualized industry sales of 14.8 million to 15.2 million vehicles.

BP - The oil company is selling a number of North Sea assets to Abu Dhabi's national energy company, TAQA, for just under $1.06 billion, plus future payments dependent on oil prices and production levels.

CNOOC - The energy producer and Canadian takeover target Nexen re reapplying for U.S. approval for their $15.1 billion deal. They did not give a reason for pulling the original application and then resubmitting.

Akamai Technologies - Piper Jaffray has upgraded the web application developer's stock to "overweight" from "neutral."

—By CNBC's Peter Schacknow

Questions? Comments? Email us at marketinsider@cnbc.com

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Take a look at some of Wednesday's morning movers.

   
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  • Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.

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