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Stock Market & Financial Investment News

News Breaks
March 4, 2012
14:32 EDTMON, CVX, GS, T, CSCO, INTC, JPM, PFE, ZION, WFC, EXC, RF, C, MSFT, FITBNeuberger'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
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August 18, 2015
06:42 EDTGSGoldman buys stake in Piramal Realty, WSJ reports
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05:52 EDTCVXStocks with implied volatility movement; CVX WY
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05:35 EDTZIONZions Bancorp upgraded to Overweight from Equal Weight at Barclays
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August 17, 2015
16:19 EDTGSSunEdison up 7% to $15.70 after forming asset facility with Goldman Sachs
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16:15 EDTGSSunEdison, Goldman Sachs fund form $1B construction, operating asset facility
SunEdison (SUNE) and West Street Infrastructure Partners III and affiliates, announced the formation of a new $1B warehouse investment vehicle, the WSIP Warehouse, to fund construction costs and to acquire operating assets. TerraForm Power (TERP) will have an exclusive call right over the warehoused assets. The WSIP Warehouse is a $1B investment vehicle with $300M equity committed, subject to certain conditions, by WSIP, the infrastructure fund managed by Goldman Sachs (GS). The debt structuring will be led by Morgan Stanley, Bank of America and Deutsche Bank and will provide commitments for $700M of debt in the form of a $500M, five-year term loan and a $200M, four-year revolving credit facility. SunEdison has the option to expand the facility by up to $1B to a total of $2B, subject to certain conditions. The decision to add additional warehouse capacity was completed following an analysis by SunEdison of its financing requirements through 2016 and after exploring alternative debt and equity transactions. SunEdison continues to explore financing alternatives, including upsizing its existing warehouse facilities and adding new warehouse facilities. Completion of the formation of the WSIP Warehouse and the financial close of the related debt facilities are subject to customary conditions and are expected to occur by Oct. 31, 2015.
16:12 EDTGSSunEdison, Goldman Sachs fund form $1B construction, operating asset facility
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16:00 EDTMSFTOptions Update; August 17, 2015
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14:24 EDTCCiti reports July credit loss 2.33% vs. 2.49% last month
Reports July delinquencies 1.46% vs. 1.42% last month.
11:18 EDTCSCOEZchip to supply chips to cloud data centers, Bloomberg says
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10:39 EDTCCitigroup affiliates to pay $180M in SEC settlement
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10:09 EDTCSCOOn The Fly: Analyst Downgrade Summary
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09:38 EDTMSFTActive equity options trading on open
Active equity options trading on open: AAPL FB BAC MU NFLX TWTR HUN TSLA BABA MSFT
07:39 EDTMSFT, CSCOTMC to hold a conference
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06:56 EDTCDOJ probes Citi dealings with Carlos Hank Rhon companies, Bloomberg says
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06:45 EDTCSCOCisco downgraded to Equal Weight from Overweight at Morgan Stanley
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06:26 EDTTAmerica Movil removes charges on U.S. calls for Mexican clients, Reuters says
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06:17 EDTTAT&T aided NSA in web surveillance, NYT reports
The National Security Agency's, or NSA, ability to spy on great amounts of internet traffic has relied on a decades-long partnership with AT&T, the New York Times reports, citing newly disclosed NSA documents. The company's cooperation with the NSA has involved a broad range of activities from 2003-2013, including giving the NSA access to billions of emails and providing technical assistance in carrying out a secret court order permitting the wiretapping of all web communications at the UN headquarters, the report says. AT&T installed surveillance equipment in "at least" 17 of its U.S. internet hubs, the report says. Reference Link
06:12 EDTJPMJPMorgan reports July net credit losses 2.31% vs. 2.34% last month
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06:06 EDTGSGoldman expected to take minority stake in India's Piramal Realty, Reuters says
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05:55 EDTJPMJPMorgan upgraded to Outperform from Market Perform at Keefe Bruyette
Keefe Bruyette analyst Christopher Mutascio upgraded JPMorgan to Outperform with a $77 price target, suggesting total return potential of 16%. Mutascio views the stock's valuation as attractive and highlights the "high dividend yield in a low-interest-rate environment."
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