PayPal boost; Staples/Office Depot move; Citi stock trading; Twitter upgrade
Here are some of the stocks the Yahoo Finance team will be watching for you today.
PayPal (PYPL) Barron's says the stock of the electronic payment service could soar 40% as digital wallets become more popular. The magazine says PayPal holds a unique position in the market.
Staples (SPLS) The biggest office supply retailer and Office Depot (ODP) say they have certified additional information about their proposed merger requested by the Federal Trade Commission. And they say they will hold off closing the deal for 45 days while they continue to work with the FTC. Staples announced the $6.3 billion purchase of its smaller rival back in February.
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Eni (E) The Italian energy company says it has discovered what it calls a "supergiant" natural gas field off the coast of Egypt. Eni believes it is the largest such find ever in the Mediterranean Sea. And the company says it could supply Egypt's natural gas needs for decades.
Citigroup (C) Reuters reports the bank is planning to rebuild its equities trading operations in an effort to capitalize on current market conditions. Reuters says Citi is looking to make the move as rivals have pulled back on their stock-trading businesses because of tougher regulations created after the financial crisis.
Twitter (TWTR) The social media site's stock is being upgraded from neutral to buy at SunTrust Robinson Humphrey. Analyst Robert Peck says the shares have been "washed out" by negative sentiment and he sees a catalyst soon. Peck's price target is $38.
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