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Stock Market & Financial Investment News

News Breaks
January 17, 2013
15:15 EDTWTFC, MATW, ASBC, TESS, INTC, AXP, XLNX, PBCT, COFCompanies reporting After the Market Close on Thursday, January 17
Notable companies reporting after the closing bell on Thursday include American Express (AXP), Associated Banc-Corp (ASBC), Capital One Financial (COF), Intel (INTC), Matthews International (MATW), People's United Financial (PBCT), TESSCO Technologies (TESS), Wintrust Financial (WTFC), and Xilinx (XLNX).
News For AXP;ASBC;COF;INTC;MATW;PBCT;TESS;WTFC;XLNX From The Last 14 Days
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May 19, 2015
08:33 EDTINTCMorgan Stanley cautious in near-term on PC names
Morgan Stanley is more cautious on PC names near-term, given PC and HDD inventory builds quarter-to-date and weaker April ODM sales. The firm's analyst team continues to believe Q1 was a bottom in year-over-year growth, but now expects normal Q2 seasonal growth instead of above normal and thinks any recovery will likely be delayed until Q3. Morgan Stanley is cautiously optimistic on Western Digital (WDC) due to its diverse revenue drivers, sees value creation catalysts for Hewlett-Packard (HPQ) and believes Microsoft (MSFT) shares reflect the challenging PC market and Win 10. The firm is more cautious on semis such as NVIDIA (NVDA) given higher valuations, share loss at Advanced Micro (AMD), potential 2H margin pressure at Intel (INTC), and Morgan is cautious on PC DRAM stocks near-term due to weaker pricing.
07:32 EDTAXPPacific Crest shifts preference to MasterCard, upgrades to buy
Pacific Crest analyst Josh Beck shifted his preference to MasterCard (MA) from Visa (V) and upgraded the stock to Overweight from Sector Weight. Beck believes interchange legislation in Europe may have an unintended consequence of benefiting global open-loop payment networks, favoring both MasterCard and Visa. The changes are also positive for eBay's (EBAY) PayPal and mixed for American Express (AXP), Beck tells investors today in a research note. He points out his preference for MasterCard relative to Visa follows the latter company's outperformance over the past year. Beck has a $110 price target for MasterCard shares. The stock closed yesterday down 14c to $93.08.
07:26 EDTXLNXXilinx upgraded to Overweight on FPGA opportunity at Pacific Crest
Pacific Crest upgraded Xilinx to Overweight saying the breakdown in Dennard scaling and Dark Silicon are underappreciated positives for field-programmable gate array makers. The firm set a $60 price target for shares.
07:20 EDTWTFCSunTrust to hold a conference
Financial Services Conference is being held in New York on May 19-20.
06:10 EDTINTCCiti sees over 50% chance of Intel buying Altera
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05:59 EDTXLNXXilinx upgraded to Overweight from Sector Weight at Pacific Crest
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May 18, 2015
12:51 EDTINTCOn The Fly: Top stock stories at midday
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12:09 EDTAXPAmerican Express management to meet with Guggenheim
Meeting to be held in New York on May 20 hosted by Guggenheim.
10:40 EDTINTCIntel, Altera held principal to principal talks late last week, Faber says
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09:11 EDTINTCIntel, Altera held 'principal to principal' talks last week, CNBC reports
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07:46 EDTAXPAmerican Express has $850M revenue opportunity with Plenti, says Deutsche Bank
Deutsche Bank estimates the coalition loyalty/rewards program Plenti represents a $750M-$850M annual revenue opportunity for American Express (AXP) over the next 3-5 years. Earnings accretion will take time, but returns on equity are likely "very high," Deutsche says in a research note. The firm believes Plenti is an example of how Amex is leveraging its strengths to mitigate the loss of Costco (COST). It thinks Plenti's next program supplier needs to be a grocery chain, and pegs Whole Foods (WFM) as a good candidate. Deutsche keeps a Buy rating on American Express with a $90 price target.
07:06 EDTINTCAltera back in talks with Intel about potential takeover, NY Post says
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May 15, 2015
12:03 EDTAXPAmerican Express reports April net write-off rate 1.5% vs. 1.5% last month
Reports April 30 days past due loans 0.9% vs. 1.0% last month.
06:13 EDTINTCISS, Glass Lewis advise Intel investors to vote 'no' on eBay CEO, WSJ reports
ISS and Glass, Lewis & Co, two influential proxy advisory firms, are recommended Intel (INTC) investors vote against the reelection of eBay (EBAY) CEO John Donahoe to the company's board, The Wall Street Journal reports. Citing what it characterized as a poor attendance record, Glass Lewis commented "We view this as a failure by this director to fulfill a fundamental responsibility to represent shareholders at such meetings," while ISS said Donahoe "lacked a valid excuse" for attending less than 75% of the meetings held by the Intel board and committees he serves on in 2014. Intel's annual shareholders meeting is scheduled for May 21. Reference Link
06:05 EDTCOFCapital One reports April net charge-off rate 3.66% vs. 3.63% last month
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May 14, 2015
15:46 EDTXLNXXilinx calls active on report Avago interested in potential takeover
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15:37 EDTXLNXAvago could spend $10B on takeover, eyeing Xilinx, Maxim, Reuters says
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15:31 EDTXLNXXilinx jumps 5% after Reuters says Avago interested in potential takeover
Maxim Integrated (MXIM) rose 5% as well after it was also reported by Reuters to be a potential target for Avago (AVGO).
15:29 EDTXLNXAvago interested in potential deal for Xilinx, Maxim Integrated, Reuters says
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May 13, 2015
07:32 EDTINTCCLSA to hold a conference
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