BlackBerry’s Bold Leaks, Pandora Slides on Weakening Metrics, and 3 More Hot Stocks
BlackBerry (NASDAQ:BBRY): Shares are making some much needed gains in trading, as pictures of the next generation Bold handset finally make their way to the Internet. The phone will run on BB7 rather than BB10, consistent with statements that the company will be launching more BB7 devices that hold a lower price point.
Pandora Media (NYSE:P): The release of the company’s June subscriber figures has caused shares to forfeit some of the stock’s recent gains. While listener hours for the month rose 17 percent to 1.25 billion year-over-year, it suffered a 7 percent shortfall month-over-month. Pandora’s U.S. radio listening share slid to 7.04 percent, down from April’s 7.33 percent and May’s 7.29 percent. All the signs signal that the imposed mobile listening cap is dealing a blow to Pandora’s user engagement metrics.
Kroger Co. (NYSE:KR): Kroger has acquired grocer Harris Teeter (NYSE:HTSI) for $49.38 per share, or nearly $2.5 billion in total, a 33.7 percent premium over Harris Teeter’s closing price the day the firm announced it was exploring strategic alternatives. Kroger will assume $100 million in outstanding debt, but still intends to continue with its quarterly dividend. Together, the combined grocery chain will have 2,631 supermarket locations, operating across 34 states.
Microsoft Corporation (NASDAQ:MSFT): CEO Steve Ballmer’s mysterious executive reshuffling plan could be revealed this week, with Thursday expected to be the day of the announcement. Ballmer is reportedly experimenting with changing how Microsoft reports its earnings so that it would shield integral but money-losing operations — such as Bing — from complaints, but would also make the P&L less transparent. Conspicuously, the reshuffle doesn’t offer up an easy choice of replacement for Ballmer’s seat.