JPMorgan Settlement Talks Resume, Monsanto’s Public Offering, and 3 More Hot Stocks

JPMorgan Chase & Co. (NYSE:JPM): Discussions between the U.S. Department of Justice and JPMorgan have reignited after reportedly being close to ended last week. Although the final terms of JPMorgan’s settlement have yet to be reached, it is believed that an agreement is possible in the near future. The bank has made a tentative agreement to allow just $4 billion of the $5.1 billion deal with the Federal Housing Finance Agency to be a downpayment on the supposed $13 billion global pact.

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Monsanto Co. (NYSE:MON): Monsanto shares have cooled after a small run-up as the company announced a $1 billion debt offering with $400 million in three-year bonds, $300 million in five-year bonds, and $300 million in 30-year bonds. Monsanto is planning to use the net proceeds — combined with available cash — to repay debt issued to finance the acquisition of The Climate Corp. and for other general corporate purposes.

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CVS Caremark Corp. (NYSE:CVS): CVS has reported earnings per share of $1.09, beating by 7 cents, and revenue of $32 billion, beating by $0.47 billion, in a quarter that saw profits leap as its pharmacy business performed strongly and a legal settlement was counted in. Its Pharmacy Services segment rose 7.8 percent to $19.5 billion as higher claims and drug prices played in, while the Retail Pharmacy unit gained 5 percent in sales to $16.3 billion on higher prescription volume.

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AOL (NYSE:AOL): AOL shares are spiking as it reports a strong quarterly performance with EPS of 2 cents, and revenue of $561.3 million that beat estimates by $12.49 million. Ad revenue rose 14 percent over last year to $386 million for 69 percent of the total; global display ad sales grew 5 percent, as subscription (dial-up ISP) revenue fell 7 percent. Monthly unique visitors for AOL properties totaled 115 million, 1 million over the prior quarter and  up 4 million over the same period last year.

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BlackBerry Ltd. (NASDAQ:BBRY): BlackBerry shares are back up over 2 percent as analysts digest the events from Monday; the company has been upgraded to Hold by Deutsche Bank and Societe Generale and cut to Underperform by CIBC. It was revealed this week that BlackBerry will no longer be seeking a buyer but will be infused with cash from institutional shareholders and will be replacing CEO Thorsten Heins.

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