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Stock Market & Financial Investment News

News Breaks
February 10, 2014
07:55 EDTADS, ADS, DFS, DFS, V, V, WEX, WEX, AXP, AXP, MA, MA, HPY, HPY, GDOT, GDOTKeefe Bruyette to hod a conference
Cards, Payments & Financial Technology Conference is being held in New York on February 10 with webcasted company presentations to begin at 8 am; not all company presentations may be webcasted. Webcast Link
News For ADS;DFS;V;WEX;AXP;MA;HPY;GDOT From The Last 14 Days
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April 16, 2015
07:32 EDTADSAlliance Data reports Q1 core EPS $3.65, consensus $3.44
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05:08 EDTAXPAmerican Express announces partnership with Jawbone
American Express and Jawbone announced a new partnership giving eligible U.S. American Express Card Members the ability to tap to pay with the new Jawbone UP4 fitness tracker anywhere American Express contactless payments are accepted in the U.S. This partnership and product launch marks the first time consumers can use a wearable fitness tracker with an embedded NFC chip for Amex payments, redefining what is possible with a 24/7 activity tracker.
April 15, 2015
17:32 EDTMAMasterCard reaches agreement with Target to resolve claims
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12:18 EDTAXPAmerican Express reports March net write-off rate 1.5% vs. 1.5% last month
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10:00 EDTDFSOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: American Tower (AMT) upgraded to Outperform from Neutral at Macquarie... Ameriprise (AMP) upgraded at Morgan Stanley... Builders FirstSource (BLDR) upgraded to Buy from Neutral at Sterne Agee... China Telecom (CHA) upgraded to Outperform from Market Perform at Bernstein... China Unicom (CHU) upgraded to Outperform from Underperform at Bernstein... Discover (DFS) upgraded to Overweight from Neutral at JPMorgan... EV Energy (EVEP) upgraded on asset sale at RBC Capital... GoPro (GPRO) upgraded to Overweight from Neutral at Piper Jaffray... Intel (INTC) upgraded on valuation at RBC Capital... Nike (NKE) upgraded to Overweight from Neutral at Piper Jaffray... Nokia (NOK) upgraded to Market Perform from Underperform at Bernstein... Rice Energy (RICE) upgraded to Buy from Neutral at Goldman... Staples (SPLS) upgraded to Buy from Hold at BB&T... Team (TISI) upgraded to Buy from Hold at BB&T... Ulta Salon (ULTA) upgraded to Overweight from Neutral at Piper Jaffray.
08:14 EDTDFSDiscover reports March net charge-offs 1.71% vs. 1.86% last month
Reports March delinquency rate 1.43% vs. 1.50% last month.
08:07 EDTMAMeta Financial added as partner of Univision MasterCard prepaid card
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07:52 EDTADSAlliance Data reports March net charge-offs 4.9% vs. 4.4% last month
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07:33 EDTADSAlliance Data reports March average receivables up 33% to $10.5B
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06:49 EDTDFSDiscover upgraded to Overweight from Neutral at JPMorgan
JPMorgan upgraded Discover to Overweight saying the stock is undervalued after the 10.8% year-to-date pullback. The firm keeps a $65 price target for shares.
05:10 EDTVHP selects Antonio Lucio as Chief Marketing Officer of HP Inc.
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April 14, 2015
18:41 EDTMA, VTarget close to $20M settlement with MasterCard over data breach, WSJ says
According to people familiar with the negotiations, Target (TGT) is approaching a settlement with MasterCard (MA) to reimburse financial institutions roughly $20M for costs they incurred from the retailer’s massive data breach in 2013, The Wall Street Journal reports. Target is negotiating a separate settlement with Visa (V), according to sources, WSJ added. Reference Link
18:17 EDTMATarget close to $20M settlement with MasterCard over data breach, DJ says
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16:36 EDTVVisa announces resignation of Chief Brand Officer Antonio Lucio
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12:09 EDTMA, AXP, VAmEx to team up with Jawbone for payments via fitness bands, WSJ reports
American Express is planning to team up with Jawbone to allow AmEx cardholders to make purchases via their fitness bands at certain merchants, The Wall Street Journal reports, citing sources familiar with the matter. A source says that the payment mechanism is not expected to be part of Jawbone's UP3, which will begin shipping this month, but will be available on a future offering. It is unclear whether Jawbone will expand the program to accept payments processed by MasterCard (MA) and Visa (V). Reference Link
10:01 EDTDFSOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: AB InBev (BUD) initiated with a Neutral at Susquehanna... AMC Networks (AMCX) initiated with an Overweight at Piper Jaffray... Avery Dennison (AVY) initiated with a Hold at BB&T... Boston Beer (SAM) initiated with a Neutral at Susquehanna... Brocade (BRCD) initiated with a Neutral at Wedbush... Bunge (BG) initiated with an Overweight at Stephens... CIRCOR (CIR) initiated with a Speculative Buy at Global Hunter... Cabot Microelectronics (CCMP) initiated with a Buy at BB&T... Canadian Natural (CNQ) initiated with a Buy at GMP Securities... Cenovus Energy (CVE) initiated with a Hold at GMP Securities... China Distance Education (DL) initiated with a Buy at Brean Capital... Coca-Cola Enterprises (CCE) initiated with a Negative at Susquehanna... Coca-Cola (KO) initiated with a Negative at Susquehanna... Constellation Brands (STZ) initiated with a Neutral at Susquehanna... Discover (DFS) initiated with an Outperform at Wells Fargo... Dr Pepper Snapple (DPS) initiated with a Neutral at Susquehanna... Flex Pharma (FLKS) initiated with a Buy at H.C. Wainwright... Flowserve (FLS) initiated with a Neutral at Global Hunter... Goldman Sachs BDC (GSBD) initiated with a Neutral at BofA/Merrill... ITT Corp. (ITT) initiated with an Accumulate at Global Hunter... Intra-Cellular (ITCI) initiated with an Outperform at RBC Capital... Keurig Green Mountain (GMCR) initiated with a Positive at Susquehanna... Microsemi (MSCC) initiated with a Buy at Topeka... Molson Coors (TAP) initiated with a Positive at Susquehanna... Monster Beverage (MNST) initiated with a Neutral at Susquehanna... New Oriental Education (EDU) initiated with a Hold at Brean Capital... OM Group (OMG) initiated with a Buy at BB&T... Pattern Energy (PEGI) initiated with a Buy at Citigroup... Pentair (PNR) initiated with a Neutral at Global Hunter... PepsiCo (PEP) initiated with a Positive at Susquehanna... Ply Gem (PGEM) initiated with an Overweight at KeyBanc... SodaStream (SODA) initiated with a Positive at Susquehanna... Splunk (SPLK) initiated with an Outperform at Baird... SteadyMed (STDY) initiated with an Outperform at JMP Securities... Suncor (SU) initiated with a Hold at GMP Securities... SuperCom (SPCB) initiated with a Buy at B. Riley... TAL Education (XRS) initiated with a Buy at Brean Capital... Tarena (TEDU) initiated with a Buy at Brean Capital... Ulta Salon (ULTA) initiated with a Buy at Evercore ISI... Versartis (VSAR) initiated with a Buy, $50 target at SunTrust... WisdomTree (WETF) initiated with a Market Perform at Keefe Bruyette... uniQure (QURE) initiated with a Buy at Roth Capital.
09:02 EDTMAProPay adds MasterCard MasterPass checkout service
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April 13, 2015
16:18 EDTAXPAmerican Express transferred with a Market Perform at Wells Fargo
Wells Fargo transferred coverage of American Express with a Market Perform rating and raised its price target range for shares to $80-$83 from $78-$83. Wells says the stock's valuation is at the top of major credit card issuers, which it feels adequately reflects Amex's "superior return profile."
16:14 EDTDFSDiscover initiated with an Outperform at Wells Fargo
Wells started shares of Discover Financial Services with an Outperform rating and $67-$70 price target range. It says that within its U.S. large-cap banking coverage universe, Discover is the most leveraged to rebounding credit card loan growth.
07:15 EDTAXPAmerican Express shares could hit $105 in 18 months, says William Blair
William Blair analyst Robert Napoli says shares of American Express (AXP) are trading at nearly a 20% valuation discount to the S&P 500, reflecting "very high" pessimism in the name. Napoli tells investors today that other periods of "extreme pessimism" for American Express included 1998, 2001, and 2008/2009, with each proving to be a buying opportunity. He believes the current period will be no different. Napoli expects Amex shares to trend to historical valuation levels as investors look past the loss of Costco (COST) and better appreciate the company's growth opportunities. The analyst believes a stock price of around $105 is “reasonable” in about 18 months. The credit card issuer closed Friday up 43c to $79.59.
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