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Stock Market & Financial Investment News

News Breaks
May 6, 2012
12:54 EDTSTX, HFC, LNC, MET, HPQ, MPC, GNW, DAL, WNR, HIG, AFL, GMRanking 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 periodicals’ 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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December 11, 2014
10:02 EDTDALAmerican Express, Delta Air Lines announce multi-year partnership extension
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09:28 EDTDALDelta Air Lines targets annual EPS growth of 10%-15% after FY15
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09:18 EDTDALDelta Air Lines CEO says company is run on 'investment-grade metrics'
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08:30 EDTMETMetLife acquires Fairmont Hotel in Washington, D.C. for $180M
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07:49 EDTGMThe New York Times to hold a conference
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07:47 EDTDALDelta Air Lines remains top pick among airlines, says UBS
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December 10, 2014
18:38 EDTMETMetLife statement on passage of Insurance Capital Standards Clarification Act
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14:01 EDTMETMetLife names Esther Lee Global Chief Marketing Officer
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09:03 EDTAFLAflac becomes official insurance partner of the Grammy's
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08:25 EDTHPQHP capital return potential makes valuation attractive, says Brean Capital
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06:00 EDTDALBarclays upgrades United, American amid lower oil prices
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05:39 EDTDALUnited Continental upgraded to Overweight from Underweight at Barclays
Barclays upgraded United Continental (UAL) two notches to Overweight from Underweight citing the benefits from lower oil prices. The firm raised its price target for shares to $76 from $52. The airliner closed yesterday down $1.73 to $62.52. Barclays also upgraded American Airlines (AAL) this morning to Overweight. Its top picks in the space are Spirit Airlines (SAVE), then American and United, followed by Delta Air Lines (DAL) and Southwest (LUV). It now has Overweight ratings on all four major U.S. airlines.
December 9, 2014
10:57 EDTDALDelta Air Lines volatility elevated into a company hosted investor meeting
Delta Air Lines December weekly call option implied volatility is at 64, December is at 43, January and February is at 37; compared to its 26-week average of 35 according to Track Data, suggesting large near term price movement into a company hosted investor meeting to be held on December 11.
09:52 EDTDALDelta Air Lines to host investor day
Investor Day to be held on December 11 at 8:30 am. Webcast Link
07:41 EDTSTXBarclays to hold a conference
Global Technology Conference is being held in San Francisco on December 9-10 with webcasted company presentations to begin on December 9 at 10:40 am; not all company presentations may be webcasted. Webcast Link
06:02 EDTMETMetLife affiliates and other investor provide $200M in financing to Angel Trains
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December 8, 2014
11:10 EDTGMVolkswagen sees challenging developments continuing for rest of year
Volkswagen (VLKAY) said, “The challenging developments on markets worldwide – above all in Eastern Europe and South America – will continue for the remainder of this year. The Volkswagen Passenger Cars brand handled these challenges successfully during the course of the year, but was not entirely immune to their impact.” Other publicly traded companies in the passenger automotive space include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), and Toyota (TM).
08:56 EDTLNCLincoln National to sell LFM to Entercom Comm for $105M plus working capital
Entercom Communications Corp. (ETM) announced that it has entered into a definitive agreement to acquire Lincoln Financial Media, or LFM, from Lincoln Financial Group (LNC) for $105M plus working capital. The transaction is subject to FCC and other customary regulatory approvals and closing conditions. The company expects that the deal will close in 2Q15. The agreement includes fifteen radio stations in the Atlanta, Denver, Miami and San Diego markets, and it will expand Entercom’s station portfolio to more than 130 stations in 26 markets. The $105M purchase price will be paid in the form of $77.5M in cash and $27.5M in new perpetual cumulative convertible preferred stock that will be issued to Lincoln. Entercom expects to finance the cash portion of the purchase price through a combination of its existing $50M revolver, cash on hand, and through other financing sources, if necessary. Entercom anticipates that it will begin operating the LFM stations under a time brokerage agreement which is expected to commence in late January following the usual Justice Department regulatory review. In order to comply with the FCC’s station ownership limitations, the Company plans to divest one FM station in the Denver market.
07:28 EDTHPQ, STXFBN Securities to hold a bus tour
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December 7, 2014
15:53 EDTHPQHP shares could gain 15%, Barron's says
HP shares could gain 15% to $45.00 per share as the company splits its enterprise business from PCs and printer business, by next October, Barron's argues in a follow up article. Reference Link
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