Here’s Why McCormick & Company, Vale SA, and Three Other Stocks Are on Investors’ Radars Today

Yahoo! Inc. (NASDAQ:YHOO) and Verizon Communications Inc. (NYSE:VZ) are in the spotlight after the New York Post disclosed several interesting bits of new information. In the article, the Post writes that sources have told the paper that the SEC has begun investigating whether Yahoo properly disclosed the 500-million-account breach to its shareholders, and that Verizon has set aside some money in reserve to cover any liabilities that might arise from the data theft. According to a source, Verizon could potentially have set aside as much as $1 billion for the liability, while other sources say that the telecom has set aside a sum closer to $125 million. In any case, Verizon potentially setting aside some money indicates that the company still wants to buy Yahoo’s core assets, which is good news for shareholders. However, whether Verizon will want to knock the purchase price down a bit is an open question. In addition, sources have told the paper that Yahoo didn’t disclose the hack earlier because the ‘FBI had become involved’ (and could have potentially wanted some more time to investigate before the public knew).

Out of the 749 top funds that we track, 81 funds were long Yahoo! Inc. (NASDAQ:YHOO) and 52 funds held shares of Verizon Communications Inc. (NYSE:VZ) at the end of the second quarter.

Disclosure: None