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Stock Market & Financial Investment News

News Breaks
May 22, 2014
08:35 EDTITC, GPNGlobal Payments appoints David E. Mangum as COO and Cameron M. Bready as CFO
Global Payments (GPN) promoted David E. Mangum to COO. Mangum joined Global Payments in 2008 as CFO. In his new role, Mangum will oversee the company's U.S., Canadian and Latin American businesses along with worldwide operations, risk management and product strategy. He will assume his new role on June 30. Cameron M. Bready has accepted the role of CFO, also effective June 30. Since 2011, he served as CFO for ITC Holdings (ITC).
News For GPN;ITC From The Last 14 Days
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May 26, 2015
09:15 EDTITCITC files Canadian permit application for Lake Erie Connector project
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May 20, 2015
10:00 EDTGPNOn The Fly: Analyst Initiation Summary
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May 19, 2015
16:48 EDTGPN, GPNGlobal Payments initiated with an Underperform at CLSA
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May 18, 2015
07:27 EDTGPNJPMorgan to hold a conference
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May 15, 2015
12:39 EDTITCWells identifies NextEra, Sempra as among favorite utility names
Utilities as a group have dropped in recent months and there are several names in the sector that offer relative value and exposure to secular growth trends, Wells Fargo stated in a note to investors today. WHAT'S NEW: The utilities sector is trading at a forward multiple that is 93% of the S&P 500, versus the ten year average of 102%, according to Wells. Moreover, utilities are "slightly cheap" relative to interest rates, the firm thinks. NextEra Energy (NEE) and Sempra Energy (SRE) have the best growth opportunities in the utility space, according to Wells. They also have proven management teams and are well-positioned to exploit long-term trends, including renewable energy and energy infrastructure, the firm believes. ITC Holdings (ITC) has reached an attractive entry point and, to a degree, offers a near-term hedge against an interest rate increase, according to the firm. Edison International (EIX) and Xcel Energy (XEL) are underappreciated regulated utilities, added Wells. Edison trades in-line with its peers despite superior EPS growth potential and Xcel trades at a 3%-6% discount to the sector despite its at least in-line EPS growth and comparable regulatory risk, which might ease, the firm added. PRICE ACTION: In early afternoon trading, NextEra rose 0.5%, Sempra gained 0.6%, Edison added 0.6%, Xcel climbed 0.4% and ITC was little changed.
07:49 EDTITCWells Fargo identifies favorite utility names
Wells Fargo says that NextEra Energy (NEE) and Sempra Energy (SRE) have the best growth opportunities in the utility space as well as proven management teams, and are well-positioned to exploit long-term trends. ITC Holdings (ITC) has reached an attractive entry point, and, to a degree, offers a near-term hedge against an interest rate increase, according to the firm. Edison International (EIX) and Xcel Energy (XEL) are underappreciated regulated utilities, added Wells.

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