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Stock Market & Financial Investment News

News Breaks
May 6, 2012
12:54 EDTGNW, DAL, WNR, HIG, AFL, GM, STX, HFC, LNC, MET, HPQ, MPCRanking The Barron's 500 by P/E could show what stocks are inexpensive
Companies in the Barron's 500 are ranked by Credit Suisse's HOLT on the basis of changes in sales and return on cash flow. Seeking to gauge the prospects for their stocks, Barron's asked FactSet to re-rank the companies by their price/earnings ratios, based on profit estimates for the current fiscal year. A low P/E is often a simple way to tell that a company is out of favor with investors. Thus, it is a metric beloved by value investors, who often profit by heading in the opposite direction from the crowd. Out-of-favor stocks, including General Motors (GM) and Delta Air Lines (DAL), with their mid-single-digit P/Es, just might beckon such investors, Barron's contends. The periodicalsí list of the 30 stocks with the lowest P/Es also has a fair concentration of insurance names, including No. 9-ranked MetLife (MET), Aflac (AFL), Genworth Financial (GNW), Lincoln National (LNC) and Hartford Financial Services (HIG). Oil refiners also are well represented, with Marathon Petroleum (MPC), HollyFrontier (HFC), and Western Refining (WNR) sporting cheap stocks. Investors fear profits will decline if oil prices fall. In tech, Hewlett-Packard (HPQ) isn't the cheapest tech stock on our list; that dubious distinction goes to Seagate Technology (STX). Reference Link
News For GM;DAL;MET;AFL;GNW;LNC;HIG;MPC;HFC;WNR;HPQ;STX From The Last 14 Days
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March 19, 2015
07:47 EDTHPQHP raises quarterly dividend to 17.6c per share from 16c per share
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07:22 EDTMETMetLife to consolidate NYC locations in MetLife Building, WSJ says
MetLife (MET) signed a twelve-year lease with Tishman Speyer (TSEYF) to increase its space in the MetLife Building in order to consolidate its four New York City locations into the namesake building above Grand Central Terminal, reports the Wall Street Journal. Reference Link
07:02 EDTHPQHP CEO says company split on track for November 1, Bloomberg says
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March 18, 2015
17:26 EDTHPQHP CEO says split of company should happen around Nov. 1 2015, Bloomberg says
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09:00 EDTHPQPitney Bowes renews strategic alliance with Hewlett-Packard
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08:37 EDTGMGeneral Motors says to change business model in Russia
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08:36 EDTGMGeneral Motors says to idle auto plant in St. Petersburg
March 17, 2015
14:13 EDTGMMorgan Stanley questions GM capital allocation plan
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08:06 EDTSTXSeagate decline overdone, says RBC Capital
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08:05 EDTGMGeneral Motors coverage resumed with an Underweight at Morgan Stanley
Morgan Stanley reinstated General Motors with an Underweight and $28 price target. The firm believes GM's agreement to accelerate capital returns to investors is a popular short-term decision but raises questions longer-term by increasing both financial and strategic risks.
07:12 EDTHPQDeutsche Messe to hold a conference
CeBIT 2015 is being held in Hannover, Germany on March 15-20.
06:23 EDTGMGM employees to be deposed for class action case, NY Times says
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March 16, 2015
11:06 EDTGMGM ignition switch death claims rises to 67, WSJ says
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10:02 EDTSTXOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AmerisourceBergen (ABC) upgraded to Buy from Neutral at UBS... Avago (AVGO) upgraded to Buy from Neutral at DA Davidson... Francesca's (FRAN) upgraded to Buy at Janney Capital... Goldcorp (GG) upgraded to Overweight from Neutral at HSBC... Jabil Circuit (JBL) upgraded to Buy from Hold at Cross Research... JetBlue (JBLU) upgraded to Outperform at Raymond James... King Digital (KING) upgraded to Overweight from Neutral at JPMorgan... L.B. Foster (FSTR) upgraded to Outperform from Neutral at Macquarie... NextEra Energy (NEE) upgraded to Buy from Hold at Deutsche Bank... Petrobras Argentina (PZE) upgraded to Buy from Neutral at BofA/Merrill... Qorvo (QRVO) upgraded to Buy from Neutral at DA Davidson... Randgold (GOLD) upgraded to Overweight from Neutral at HSBC... Royal Gold (RGLD) upgraded to Overweight from Neutral at HSBC... Seagate (STX) upgraded at Needham... Standex (SXI) upgraded to Buy from Hold at BB&T... Union Pacific (UNP) upgraded to Outperform from Neutral at Macquarie... West Corp. (WSTC) upgraded to Outperform from Neutral at RW Baird... Xilinx (XLNX) upgraded to Buy from Hold at Drexel Hamilton... YPF (YPF) upgraded to Buy from Neutral at BofA/Merrill.
09:37 EDTHPQActive equity options trading on open
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08:18 EDTSTXSeagate upgraded at Needham
As noted earlier, Needham upgraded Seagate to Strong Buy from Buy. Needham believes that improvements in Seagate's cloud and enterprise businesses have offset weak PC demand and negative currency fluctuations. The firm expects the company to report in-line or better than expected EPS. Target remains $65.
08:03 EDTSTXSeagate announces three-year partnership with CERN
Seagate Technology announced it has entered into a three-year partnership with CERN openlab to collaborate on the development of the Seagate Kinetic Open Storage platform. The partnership aims to help CERN, the European Organization for Nuclear Research, to better manage and store the 100 petabytes of data the Large Hadron Collider has generated to date, as well as the additional 2-3 petabytes of information it produces on a monthly basis. A second, future research project between Seagate and CERN will look at CERNís EOS storage system to determine whether there are opportunities to enhance and improve the system.
07:28 EDTHPQ, STXWestern Digital, Seagate estimates lowered on PC weakness at Jefferies
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06:18 EDTSTXSeagate upgraded to Strong Buy from Buy at Needham
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05:31 EDTHPQHP Enterprise Services announces contract with TNT
HP Enterprise Services announced that it has been selected by international express delivery services company TNT. Under the six-year contract, HP will support TNT's business by consolidating and virtualizing its IT infrastructure and moving some functions to an HP Helion Managed Virtual Private Cloud environment.
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