New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 4, 2012
14:32 EDTCSCO, INTC, JPM, MON, CVX, GS, T, C, MSFT, FITB, PFE, ZION, WFC, EXC, RFNeuberger's value hunter Salzmann likes Citigroup and Microsoft, Barron's says
Barron's profiled Neuberger Berman's new large-cap value specialist Eli Salzmann who was recruited 13 months ago to restore the firms' historically strong large-cap value franchise. Salzmann is a traditional value manager who aims to beat the Russell 1000 Value Index over the next few years. He searches for companies that have depressed earnings relative to their true mid-economic-cycle earnings. Some of his favorites are U.S. banks, many of which are trading below tangible book value despite a recent surge in the sector. Salzmann started buying banks late last year as they began to benefit from the troubles in Europe. He likes Citigroup ( C ) and Wells Fargo (WFC) -- and has been buying shares of big regional banks, such as Fifth Third Bank (FITB), Regions Financial (RF) and Zions Bancorp (ZION). Salzmann is also bullish on large tech stocks, which are trading at about 10x earnings, have strong balance sheets and could benefit as capital spending increases. A favorite is Microsoft (MSFT). Salzmann expects the stock to see $40 over the next 12 - 24 months. One last pick: though he's generally negative on utilities, Salzmann like Exelon Generation (EXC). Other holdings: PFE, JPM, T, CVX, INTC, GS, MON and CSCO. Reference Link
News For C;WFC;FITB;RF;ZION;MSFT;EXC;PFE;JPM;T;CVX;INTC;GS;MON;CSCO From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | all recent news | >>
January 13, 2015
06:38 EDTCCiti cut consumer banking business, Reuters reports
Citi is cutting its consumer banking operations in some of the world's largest cities, according to Reuters. Last year, the bank decided to target 100 cities with retail banking services, down from its previous level of 120 cities, the news service stated. Reference Link
January 12, 2015
16:18 EDTWFCWells Fargo initiated with a Hold at Evercore ISI
Subscribe for More Information
16:00 EDTCOptions Update; January 12, 2015
iPath S&P 500 VIX Short-Term Futures up 1.57 to 33.54. Option volume leaders: AAPL TSLA TWTR AMZN AA SIRI RIG FRO C according to Track Data.
14:51 EDTCVXSaudi Prince Alwaleed says oil won't hit $100 again, USA Today reports
Oil will never reach a price of $100 per barrel again, Saudi billionaire businessman Prince Alwaleed bin Talal said, according to USA Today. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
12:45 EDTPFEActavis CEO says 'can't speculate on what Pfizer is going to do'
Subscribe for More Information
12:02 EDTMONUSDA cuts 2014 corn output estmate on lower yields
In its latest World Agricultural Supply and Demand Estimates, or WASDE, report, the U.S. Department of Agriculture said its U.S. feed grain supplies for 2014/15 are now projected lower, with a reduction in corn production more than offsetting an increase in sorghum. Corn production is estimated 191M bushels lower, though yield and production both remain records, USDA noted. Publicly traded companies in the space include Agrium (AGU), Andersons (ANDE), Archer Daniels (ADM), Bunge (BG), CF Industries (CF), Compass Minerals (CMP), DuPont (DD), Intrepid Potash (IPI), Monsanto (MON), Mosaic (MOS), Potash (POT) and Syngenta (SYT). Reference Link
09:35 EDTEXCExelon upgraded to Buy from Hold at Tudor Pickering
Subscribe for More Information
09:22 EDTPFE23andMe announces collaboration with Pfizer
Google (GOOG)-backed 23andMe announced an agreement with Pfizer (PFE) that will provide Pfizer with access to 23andMe’s research platform, including services and Research Portal analysis of 23andMe’s genotyped population of over 800,000 individuals, of which more than 80 percent have consented to participate in research. 23andMe’s Research Portal enables qualified and approved scientists outside of 23andMe the opportunity to leverage the company’s unique research model while still protecting the privacy and security of 23andMe’s customers. As a part of the agreement, the companies will collaborate on certain genome-wide association studies, surveys, and clinical trial recruitment. One of these collaborations will be a longitudinal study to better understand the genetics of lupus. This study will entail enrollment and genotyping of 5,000 people into a new lupus research community, and include the integration of medical records, targeted bio-sampling along with genetic information for all participants. This announcement follows a collaboration between 23andMe and Pfizer to enroll 10,000 people with Inflammatory Bowel Disease in a research initiative designed to explore the genetic factors associated with the onset, progression, severity and response to treatments for IBD. Nearly 4,000 patients have been enrolled in the community since August 2014.
08:37 EDTPFEShire deal suggests most biotech companies in play, says JMP Securities
After Shire (SHPG) agreed to buy NPS Pharmaceuticals (NPSP), JMP Securities says the deal indicates that most biotech companies are in play, particularly those with worldwide rights to their products for well-defined patient populations. The firm expects investors to speculate all week about potential new targets in the space. Publicly traded companies in the space include AstraZeneca (AZN), Bristol-Myers (BMY), Eli Lilly (LLY), GlaxoSmithKline (GSK), Johnson & Johnson (JNJ), Merck (MRK), Novartis (NVS), Pfizer (PFE), Roche (RHHBY) and Sanofi (SNY).
08:22 EDTC, JPMCiti may have more to gain than JPMorgan from break-up, WSJ says
Analysts have suggested that JPMorgan (JPM) could unlock investor value by breaking-up, but a Citigroup (C) break-up, while complicated, could be more compelling, according to The Wall Street Journal's "Heard on the Street" column. Reference Link
08:11 EDTEXCExelon comments on Illinois nuclear power plant report
Exelon issued the following statement on the State of Illinois report on potential nuclear power plant closings prepared in response to House Resolution 1146: "We thank the state for its attention and work on such an important issue for Illinois and the future of the state’s energy assets. The report confirms that the state’s six nuclear power plants provide substantial economic and environmental benefits to Illinois residents and businesses. It also highlights the negative impacts closing one or more of the state’s nuclear facilities prematurely would have on Illinois’ economy, energy prices and carbon emissions, and concerns it would raise about the reliability of the electric grid. The report makes clear that the future of Illinois’ nuclear power plants should be an issue of statewide concern... The report finds that closing the three Illinois nuclear plants at greatest risk of early retirement would have a significant negative economic impact on the state, including $1.8 billion in annual lost economic activity and more than 7,800 job losses, and that the resulting increase in carbon emissions would have a societal cost of more than $18 billion. It also concludes that the closures would increase wholesale electricity costs in the northern Illinois region served by ComEd by up to 9.9 percent, or $437 million, in the first year... We continue to believe that the best, most cost-effective approach for preserving the benefits these plants provide is a market-based solution that properly values the emissions-free, always-on energy they generate. The report presents several potential policy solutions and is a good starting point for discussions with lawmakers and other stakeholders about the right path forward for continuing to meet Illinois’ energy needs."
08:05 EDTMSFTGameStop to use Microsoft Azure to stream game content, promotional materials
Subscribe for More Information
07:41 EDTC, JPMLarge banks' weakness creates attractive entry point, says Wells Fargo
Subscribe for More Information
07:35 EDTINTCNational Retail Federation to hold a trade show
Subscribe for More Information
07:01 EDTINTCIntel January volatility elevated into Q4 and outlook
Intel January call option implied volatility is at 47, February is at 28, April is at 27; compared to its 26-week average of 23 according to Track Data, suggesting larger near term price movement into the expected release of Q4 results on January 15.
06:52 EDTZIONAnalyst says oil price decline to hurt banks, NY Times reports
As a result of the decline in oil prices, banks in energy producing states will at least suffer a loan growth slowdown and may also see some defaults, Charles Peabody, a banking specialist at Portales Partners said, according to The New York Times. Banks that could be significantly affected by low oil prices include BOK Financial (BOKF) Cullen/Frost (CF), Zions Bancorporation (ZION) , Prosperity Bancshares (PB) 7%, and Comerica (CMA) 7%, BMO Capital stated last December 1. Reference Link
06:44 EDTINTCIntel shares could trade higher near-term, says Citigroup
Citigroup says shares of Intel (INTC) could move higher over the near-term given the high short interest in the name and likely above guidance earnings results. Citi says its channel checks indicate the PC market remains stable and that Intel continues to gain share from AMD (AMD). The firm keeps a Neutral rating on Intel, however, pointing out its 2015 estimates remain below consensus.
06:28 EDTCSCOCisco positioned for better than expected quarter, says Deutsche Bank
Subscribe for More Information
06:14 EDTGSBrennan Investment, Goldman Sachs acquire industrial portfolio
Subscribe for More Information
06:06 EDTTSoftcard cuts 60 employees in restructuring, Re/code reports
Subscribe for More Information
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use