Facebook Squares Up to Ebay and 3 More Hot Stocks
Facebook (NASDAQ:FB): Facebook has confirmed to AllThingsD that the site is working on a mobile payments product, which is expected to launch within the next month. The product is geared to compete directly with eBay’s (NASDAQ:EBAY) PayPal and will ”allow online shoppers to make purchases on mobile apps using their Facebook login information,” in addition to allowing them to avoid having to constantly re-enter their billing info – like PayPal.
Green Mountain Coffee Roasters (NASDAQ:GMCR): Green Mountain shares slide as Goldman Sachs comes out with a with a negative call on the company’s K-Cup market share, stating that non-licensed competitors are becoming more aggressive. However, Seeking Alpha notes that the overall K-Cup market has been growing fast enough that the slips in Green Mountain’s market share have been offset, but Goldman sees rivals becoming even more aggressive on pricing.
Lockheed Martin (NYSE:LMT): Lockheed Martin “is great,” according to James Cramer. “It has moved up a lot. If it goes back down to $114, $113, I’d say buy it. It is too good to sell.” Cramer’s backing of the defense contractor’s stock seems to have little effect, though — shares are marginally down in Thursday trading, still $8-$10 from Cramer’s recommended buy price.
China Mobile Limited (NYSE:CHL): China Mobile has recorded a net profit up 2.3 percent at 35.2 billion yuan ($5.8 billion), beating the consensus calling for 33.9 billion yuan. Net profit for the first half of the year rose 1.5 percent to 63.1 billion yuan. Total customers have swelled 8.4 percent to 740 million.