Bloomberg’s Betty Liu, Scarlet Fu, and Julie Hyman were reporting on the top 10 stocks for Tuesday and the top three were General Motors Company (NYSE:GM), RadioShack Corporation (NYSE:RSH) and Time Warner Inc (NYSE:TWX) in order. Out of these three Time Warner Inc (NYSE:TWX) was the only stock that was doing very well and the other two were in the news for the ongoing issues those companies were facing.
Time Warner Inc (NYSE:TWX) was third on the list and it is in talks to buy up to a $3 billion stake in the media company Vice media. The source of this information was made public though. Vice already has a show on Time Warner Inc (NYSE:TWX)’s HBO and it draws a coveted younger male audience and the forecast of Vice is to double the revenue to $1 billion next year.
Time Warner Inc (NYSE:TWX) is trading up and the next most talked about stock is RadioShack Corporation (NYSE:RSH) which is very much in the opposite direction. The electronics chain is struggling a lot and it announced a loss wider than estimated due to the slip in sales for the 9th straight quarter. RadioShack Corporation (NYSE:RSH) is cutting cost and closing stores. The company is clearly struggling against the sluggish competition from Amazon.com, Inc. (NASDAQ:AMZN) and Walmart.
The no.1 in the top 10 stocks for the day is General Motors Company (NYSE:GM). The shareholders are being asked to approve new directors and incentive plans today following the investigation into delayed recalls on more than 2 million vehicles.
Among the top investors in Time Warner Inc (NYSE:TWX) are Viking Global with approximately 21.6 million shares and Coatue Management with around 4.7 million shares, while the investors of the other top stocks for Tuesday had nothing much to be cheered about though.
The other important stocks for today included companies like Allergan, Inc. (NYSE:AGN), Metlife Inc (NYSE:MET) and Netflix, Inc. (NASDAQ:NFLX).
Disclosure: None
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