Stocks to Watch: Knight Capital, Apple, Amazon (Update 1)

TheStreet.com

NEW YORK -- Knight Capital Group KCG could sell its market-making business -- the company's biggest and most profitable business -- but also the unit that suffered a trading glitch in August that cost the company losses of more than $460 million in the third quarter, a report said.

The securities firm has been approached by at least two rivals about its market-making operation, according to The Wall Street Journal. Knight expects to receive proposals this week from high-speed trading firms Getco and Virtu Financial, people briefed on the discussions told the newspaper.

Knight Capital shares rose 6.4% in premarket trading Monday to $2.65.


Apple AAPL asked a federal court to add six more products to its patent infringement lawsuit against South Korea's Samsung. The products include the Galaxy Note II, Galaxy S III with Android 4.1, Galaxy S III mini, Samsung Rugby Pro, Galaxy Tab 8.9 Wi-Fi and Galaxy Tab 2 10.1.

Apple shares fell 0.2% to $571.40 in premarket trading.

Apple TV: The Stuff Dreams Are Made Of


Online retailers such as Amazon AMZN and eBay EBAY , and more traditional retailers such as Wal-Mart WMT and Target TGT , could see activity on Cyber Monday, when shoppers take to the Web to make their holiday purchases.

ComScore estimated that Cyber Monday sales could exceed $1.5 billion.

Amazon shares were down 0.4% to $239; eBay shares rose 0.4% to $49.20.

The War Over Christmas Starts Now


Flowers Foods FLO is considered a likely bidder of some of the assets of Hostess, the maker of Twinkies that was granted permission from the courts last week to wind down its operations.

Flowers is the second-largest baker in the U.S.


Baxter International BAX is in talks to buy Swedish medical-equipment maker Gambro for roughly $4 billion, the Journal reported, citing people familiar with the matter, in a move that would boost Baxter's kidney-dialysis business.


Other stocks rising in premarket trading Monday included Tower Semiconductor TSEM , up 4.1% to $8.64, and James River Coal JRCC , up 5.2% to $2.62.

8 Stocks Climbing Higher on Unusual Volume


-- Written by Joseph Woelfel

>To contact the writer of this article, click here: Joseph Woelfel

>To submit a news tip, send an email to: tips@thestreet.com.

Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE. Sign up today to get e-mail alerts before every trade.

View Comments