Quick Bytes Wednesday June 15th: FB, VRX, CELG, GOOG, WFM

A quick digest of what’s hot and trending for Wednesday, June 15th. Here are your quick news bytes (yes we know it is bites) to get you caught up quickly with some interesting reads:

  1. WestEnd511 on SeekingAlpha talks about Facebook Inc (NASDAQ:FB) building up its payment network as it launches a store locator that tracks user store visits. This highlights some of the highly valuable data Facebook has that keeps him bullish on Facebook despite the maturing North American Market. (SeekingAlpha)
  2. Individual Trader believes Valeant Pharmaceuticals Intl Inc (NYSE:VRX) has bottomed soon, as guidance and earnings have taken their toll on the stock. Upside could reside in the fact Valeant is projecting it will significantly grow Xifaxan and the fact the biotech sector simply has too much activity for a bear market. (SeekingAlpha)
  3. Celgene Corporation(NASDAQ:CELG) announced a $3 billion share authorization. Since 2009 the company has returned over $15.2B to shareholders. (SeekingAlpha)
  4. Alphabet Inc(NASDAQ:GOOG)‘s Google Fiber is looking to expand to Dallas. Google is working with city leaders to learn more about doing so. The service is currently available in Austin and will be soon in San Antonio at $70 per month.
  5. According to a Financial Times report, another 8K retail jobs are set to go at Bank of America Corp(NYSE:BAC). The bank however is adding sales staff, loan officers, small business bankers and personal investment advisors. The overall headcount is still expected to shrink by several thousand and is led by less customers visiting branches. (SeekingAlpha)
  6. AlphaInvestor on SeekingAlpha looks at FuelCell Energy Inc(NASDAQ:FCEL) and why there are More Reasons to Buy. The Company is making robust progress apart from carbon capture and storage and has a large service backlog that could bode well. (SeekingAlpha)
  7. Whole Foods Market is under pressure again after Northcoast Research downgrades the stock to a Sell rating from Neutral. The firm has a $24 price target. (StreetInsider)

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