Yahoo to Meet with Obama and 2 Hot Stocks on Trader Radars
Yahoo (NASDAQ:YHOO): Current Price: $19.63
Today, President Obama intends to meet with CEOs from 12 companies, which includes Goldman Sachs Group (NYSE:GS) Lloyd Blankfein and Yahoo’s Marissa Mayer in order to discuss immigration and deficit reduction. Some others who are in attendance are Arne Sorenson of Marriott International (NYSE:MAR), Jeff Smisek of United Continental Holdings (NYSE:UAL), and Klaus Kleinfeld of Alcoa (NYSE:AA), according to Reuters.
Facebook (NASDAQ:FB): Current Price: $28.70
The company has begun the development of a smartphone application, which will likely be released next month. The app will track the location of users, according to sources, bolstering efforts to benefit from the increased use of social media on mobile computers, according to Bloomberg.
AT&T, Inc. (NYSE:T): Current Price: $35.58
The power outage at the Super Bowl on Sunday caused a record jump in mobile traffic for AT&T, according to Bloomberg. From 8 p.m. to 9 p.m. New York time, a span which covers the halftime show and the power disruption during the game, customers used 78 gigabytes of data inside the New Orleans Superdome, AT&T stated. This nearly doubled the peak volume of last year’s Super Bowl and the most ever for an in-stadium championship game. Estimates provided by AT&T’s online data-use calculator show that 78 gigabytes could possibly equal nearly 234,000 social-media posts with photos or over 10 straight days of streaming, high-definition video.