6 Early Radar Stocks: Green Mountain Drops 14%, Bank of America Sidesteps Penalties

Shares of Texas Instruments Inc. (NYSE:TXN) dropped 1.2 percent in early trading.  Late Thursday, the company reduced its quarterly guidance for the fifth consecutive time.  It now expects revenue between $2.99 billion and $3.11 billion for the first quarter, down from $3.02 billion and $3.28 billion.  The company cited lower demand for wireless products.

Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) fell more than 14 percent before the opening bell.  Starbucks (NASDAQ:SBUX) announced a new Verismo single-cup coffee system.  Starbucks will sell the Verismo in its stores, along with Starbucks-sourced coffee and milk pods.

Investor Insight: How Will Apple Investors Respond to the The New iPad?

Renren Inc. (NYSE:RENN) shares jumped 9.3 percent early Friday.  The Chinese social network site announced a fourth quarter profit of $44.3 million, compared to a net loss of $33.9 million a year earlier.  Total net revenues also increased 57 percent to $32.8 million.

Zynga Inc. (NASDAQ:ZNGA) shares increased nearly 1 percent this morning.  The social gaming company announced three new Zynga Platform partners: Konami Digital Entertainment Co., Ltd., Playdemic and Rebellion.

Bank of America (NYSE:BAC) shares edged slightly higher after reaching a deal with the government to make deeper mortgage cuts than other banks.  By doing so, the bank will avoid as much as $850 million in penalties.

Don’t Miss: Does Gold Still Sparkle for Morgan Stanley and Germany?

To contact the reporter on this story: Eric McWhinnie at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com