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Stock Market & Financial Investment News

News Breaks
July 7, 2014
10:29 EDTMTL, SIMO, TWO, CBSO, FTNT, URS, BRFS, INFA, UBS, SNXHigh option volume stocks:
High option volume stocks: INFA CBSO MTL BRFS TWO SNX URS SIMO UBS FTNT
News For INFA;CBSO;MTL;BRFS;TWO;SNX;URS;SIMO;UBS;FTNT From The Last 14 Days
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August 28, 2015
09:00 EDTSIMOSilicon Motion management to meet with Pacific Crest
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05:13 EDTBRFSBRF S.A. board approves share buyback program
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August 27, 2015
18:02 EDTUBSU.S. may prohibit Deutsche Bank, others from managing pensions, Bloomberg says
In correspondence dated mid-July, the U.S. Labor Department tentatively rejected requests from Deutsche Bank (DB), UBS (UBS), RBS (RBS) to manage U.S. pension funds, reports Bloomberg, citing letters between the organizations. Bloomberg notes that the Department could use the "threat of denial" to mandate stricter conditions on pension management. Reference Link
06:23 EDTUBSGoldman hiring 'several hundred' employees for Warsaw units, Reuters reports
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August 25, 2015
08:58 EDTSNXStifel technology analyst holds an analyst/industry conference call
Senior Technology & Regulatory Analyst Brian Stephens discusses the recently expanded Federal E-rate funding program for public and private school districts to upgrade their networking infrastructures (including wi-fi), and its impact on IT solution providers and distributors, as well as the significant opportunities for a number of covered companies including CDW, Insight, ePlus, Ingram and Synnex, on an Analyst/Industry conference call to be held on August 27 at 11 am.
August 24, 2015
14:21 EDTFTNTJMP Securities says pullback in Palo Alto a buying opportunity
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August 20, 2015
16:07 EDTTWOTwo Harbors appoints Jeffrey Hurley as Managing Director and CTO
Two Harbors appointed Jeffrey Hurley as Managing Director and Chief Technology Officer. Hurley has held leadership positions with Canada Pension Plan Investment Board, Nomura Holdings and various Fortune 500 companies.
13:08 EDTSIMOSilicon Motion management to meet with Craig-Hallum
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12:32 EDTINFAEarnings Watch: Salesforce shares up fractionally since last earnings report
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August 18, 2015
10:00 EDTSIMOOn The Fly: Analyst Downgrade Summary
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09:51 EDTFTNTFireEye called top-tier security vendor in new upgrade
Shares of FireEye (FEYE) are getting a boost after Imperial Capital highlighted the company's "significant progress" when upgrading its rating on the name. California-based FireEye is a provider of cybersecurity solutions. UPGRADE: Imperial Capital analyst Michael Kim upgraded FireEye to Outperform from In-Line this morning in a note to investors, citing a favorable risk/reward at current share levels. The stock trades at the lower valuation end of similar high-growth security vendors, Kim tells investors in a research note. He believes FireEye is making "significant progress" on driving higher sales productivity and margin expansion. Ramping global adoption of the company's platform has made FireEye a top-tier security vendor, Kim argues. He raised his price target for shares to $55 from $45.50. NOT ALONE: Kim is not alone in recommending stocks in the cybersecurity space. Analysts at Piper Jaffray and Wells Fargo last week highlighted security names that they view as attractive investments. CyberArk Software (CYBR), Barracuda Networks (CUDA) and Fortinet (FTNT) were among the stocks recommended by the firms. Piper Jaffray analyst Andrew Nowinski said the recent pullback in the sector is an attractive buying opportunity. Stocks with the most attractive valuations include Barracuda, CyberArk, Fortinet and Palo Alto Networks (PANW), he told investors last week. Wells Fargo analyst Gray Powell last week upgraded Israel-based CyberArk to Outperform from Market Perform saying the company's billings growth as well as its sales and marketing efficiencies are "exceeding peers by a wide margin. HACKS CONTINUE: High-profile cyber attacks continue with the Internal Revenue Service yesterday raising the number of accounts that were compromised in a data breach earlier this year. In May, the IRS revealed that 114,000 tax accounts through its "Get Transcript" application were exposed to thieves. Yesterday, the agency said a recent review revealed approximately 220,000 additional tax accounts may have been breached, bringing the total number of victims up to 334,000. Shares of FireEye are up 56c to $44.21 in early trading. CyberArk is up 13c to $60.06 while Proofpoint (PFPT), a company focused on securing email communication, is up 16c to $65.06.
07:31 EDTSIMOSilicon Motion downgraded to Underperform from Buy at BofA/Merrill
BofA/Merrill downgraded Silicon Motion two notches to Underperform from Buy and lowered its price target to $19 from $37 on shares. The firm is more cautious on the memory chip sector given new developments of SK Group's "significantly higher capex budget" and Micron's unexpected FY16 capex hike. BofA/Merrill said excess capacity is now a concern and cut long-term earnings estimates for most memory chip stocks.
August 17, 2015
14:27 EDTFTNTIRS says cyber attack larger than originally thought, AP says
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07:04 EDTSIMOSilicon Motion upgraded to Overweight from Sector Weight at Pacific Crest
Pacific Crest upgraded Silicon Motion to Overweight with a $32 price target based on growth opportunities and valuation. The firm is bullish on growth opportunities in client SSDs and greater market share, and views valuation as attractive.

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