3 Stocks Including Research in Motion and E Trade in Active Trading
Research in Motion (NASDAQ:RIMM) continues to devolve in the face of superior competition from Apple (NASDAQ:AAPL) and Google (NASDAQ:GOOG). The Blackberry maker announced layoffs totaling 2,000 employees. In other corporate news, COO Don Morrison announced his retirement and Thorsten Heins will fill the C-suite slot. Shares of RIMM are down over 1% pre-market.
E TRADE Financial Corporation (NASDAQ:ETFC) is up over 4.5% on news TD Ameritrade Holding (NASDAQ:AMTD) will consider strategic M&A with the brokerage company. TD directors will be meeting Tuesday. Last week Citadel LLC — E TRADE’s largest shareholder — started pressuring the company to sell.
Kimberly-Clark Corp. (NYSE:KMB) announced earnings of $408 million ($1.03 per share) versus $498 million ($1.20 per share) year-over-year. Total revenue was $5.3 billion, 8% higher than the same period last year. Shares of KMB are down 1%. Don’t Miss: Kimberly-Clark Earnings Cheat Sheet: Margins Shrink on Rising Costs, Net Income Falls.