Market Insider

Stocks to Watch: FB, CRM, FL & More


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

Facebook - The social networking giant debuts today on the Nasdaq after pricing its initial public offering at $38 a share. Facebook is the largest Internet IPO in history and the third largest overall. - The company reported quarterly profit of $0.37 per share, excluding certain items, three cents above estimates. The software maker also raised its full-year outlook as growth remains strong in all its regions.

Foot Locker - The athletic footwear and apparel retailer reported first-quarter profit of $0.83 per share, nine cents above estimates, with revenue and Foot Locker’s 9.7 percent same-store sales increase also beating forecasts.

Autodesk - The software producer’s current-quarter forecast fell below Street estimates. Autodesk’s first-quarter revenue did exceed analysts’ expectations, helped by new licenses for its design software.

Boston Scientific - The medical products maker has received U.S. Food and Drug Administration approval for a new vascular stent, designed to open blocked arteries in patients with a type of vascular disease known as iliac artery stenosis.

Kinder Morgan - The energy producer’s stock will replace El Paso in the S&P 500 index after Kinder completes its acquisition of El Paso. The deal is expected to be completed next Thursday.

United Continental - The airline’s pilots union leaders are calling for a strike vote because of the failure of the two sides to reach a new contract agreement.

Yahoo - Interim CEO Ross Levinsohn has reshuffled his executive team, and AllThingsD reports that the company is in the final stages of a deal to sell part of its stake in Alibaba back to that company.

JPMorgan Chase - The unit involved in the recently revealed $2 billion trading loss holds $100 billion in risky bonds, according to the Financial Times. The paper says the bonds are similar to ones that helped fuel the 2008 financial crisis.

Verizon Communications - The company has unveiled a new plan that will limit Verizon Wireless unlimited data plans to customers who pay full price for phones. If customers use an upgrade discount to buy a phone, they won’t be eligible for Verizon’s $30 a month unlimited data plan.

Morgan Stanley - UBS is upgrading Morgan Stanley’s stock to a "buy" rating from "neutral," saying much of the downside from a potential Moody's downgrade is already priced into the stock. At the same time, Deutsche Bank is lowering earnings estimates for both Morgan Stanley and Goldman Sachs, because of "challenging capital market trends."

Hibbett Sporting Goods - The sporting goods seller reported first-quarter profit of $0.98 per share, seven cents above estimates, and also raised its full-year guidance. Hibbett says it’s experiencing strong sales momentum across all its categories.

Winnebago - The recreational vehicle maker's stock is getting a boost from a Bloomberg report that North Street Capital is offering $11 a share. Winnebago had previously rejected a takeover offer of $10.25 ashare.

—By CNBC’s Peter Schacknow

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