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Stock Market & Financial Investment News

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January 6, 2014
06:12 EDTQCOM, GM, VZ, AAPL, INTC, SSNLF, CMCSA, NVDA, VLKAY, TM, DTV, TWC, NFLX, DIS, JPM, DISHOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Aggressive investors were a driving force behind a number of deals at big companies in 2013. According to FactSet SharkWatch, there were 10 instances in 2013 in which a U.S. company agreed to break itself up or sell or exit businesses after an investor pushed it to make such changes, even if the moves didn't always satisfy the activist, the Wall Street Journal reports...U.S. prosecutors and regulators are expected to announce this week that JPMorgan Chase (JPM) will pay over $2B in penalties for alleged failures to warn about Bernard L. Madoff's massive fraud, sources say, the Wall Street Journal reports...REUTERS: U.S. cable and satellite television operators, already locking horns with programmers over subscriber fees, are now squaring off over the mobile apps that viewers are increasingly using to watch TV (NFLX, DISH, DIS, TWC, DTV, CMCSA, VZ), Reuters reports...Toyota Motor (TM) and its two local joint-venture partners sold more than 900,000 vehicles in China last year, according to two executives, beating its annual sales target after tensions eased in a territorial row between Japan and China, Reuters reports...BLOOMBERG: Samsung (SSNLF), which sells almost one of every three smartphones, wants to parlay that technology into automotive navigation and entertainment systems for an industry that makes more than 80M vehicles a year (GM, VLKAY, TM, INTC, QCOM, NVDA), Bloomberg reports...Apple (AAPL), facing behind-the-scenes pressure from some shareholders to add more female directors and executives, has taken a step to address the criticism and diversify its board, Bloomberg reports.
News For JPM;NFLX;DISH;DIS;TWC;DTV;CMCSA;VZ;TM;SSNLF;GM;VLKAY;INTC;QCOM;NVDA;AAPL From The Last 14 Days
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July 14, 2015
07:40 EDTINTCCiti sees arbitrage opportunity in Altera ahead of buyout
Shares of Altera (ALTR) currently trade at a 7.5% discount to Intel's (INTC) buyout offer of $54, Citi analyst Christopher Danely points out today in a research note. Danely expects the deal will go through without any antitrust issues. As such, he sees an arbitrage opportunity in Altera. He raised his price target for shares to $54 from $43. The chipmaker closed yesterday up 50c to $50.25. Shares of Intel (INTC) are trading down 24c to $29.49 in pre-market trading after Bernstein downgraded the name to its sell-equivalent Underperform.
07:23 EDTJPMJPMorgan says headcount in Consumer & Community Banking down about 6,000 ytd
07:23 EDTJPMJPMorgan reports Q2 Firm NIM up 2 bps sequentially to 2.09%
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07:23 EDTJPMJPMorgan sees CIB simplification to cause Q3 Markets revenue to be down 9%
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07:20 EDTJPMJPMorgan sees year-over-year core loan growth to continue at 10%+/-
Firmwide, JPMorgan expect year-over-year core loan growth to continue at 10%+/-, expects 2H15 NCOs to be consistent with 1H15, and expects FY15 adjusted expense of $57B+/-. In Consumer & Community Banking, the bank expects Mortgage Banking noninterest revenue for FY15 to be down about $1B year-over-year on lower servicing revenue as well as lower repurchase benefits, expects Card Services revenue rate in 2015 to remain at the low end of the target range of 12%-12.5% and expects Card Services FY15 NCO rate to be slightly less than 2.5%. In Asset Management, the bank expects FY15 pretax margin and ROE to be at the low end of its TTC targets. In Commercial Banking, the bank expects expense to be about $720M per quarter for the rest of the year. Guidance from slides for Q2 earnings conference call.
07:06 EDTINTCIntel July volatility elevated into Q2 and outlook
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07:06 EDTJPMJPMorgan rises 2% to $69.38 after Q2 earnings top consensus
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07:04 EDTJPMJPMorgan CEO Dimon says businesses performed well in quarter
Jamie Dimon, Chairman and CEO, commented on the Q2 financial results: “Our Company had strong results this quarter, and each of our businesses performed well, with broad and consistent underlying growth. This quarter was another example of the power of our platform and risk discipline, and of being there for our clients – as we always are – in good times and in volatile markets. We are focused on executing on our commitments and we’ve made good progress this quarter, including meeting regulatory requirements, reducing non-operating deposits, and adding to our capital. We are also on target to deliver on our expense commitments. We continue to add value to our customers, clients and communities, and, as always, we operate with fortress principles."
07:03 EDTJPMJPMorgan reports tangible book value per share up 7% to $46.13
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07:00 EDTJPMJPMorgan reports Q2 EPS $1.54, consensus $1.44
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06:41 EDTINTCMicron, Tsinghua deal 'probably won't happen,' WSJ reports
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06:38 EDTTWCTime Warner Cable initiated with a Buy at Deutsche Bank
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06:38 EDTCMCSAComcast initiated with a Hold at Deutsche Bank
Target $69.
06:37 EDTCMCSA, AAPL, DISApple progresses in TV app talks with networks, NY Post reports
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06:36 EDTINTCIntel downgraded to Underperform from Market Perform at Bernstein
Bernstein analyst Stacy Rasgon downgraded Intel to Underperform ahead of the company's Q2 results and cut his price target for shares to $25 from $29. Rasgon believes weaker than expected Data Center Group results is a "real possibility," which he feels would be "much worse" than weak PCs.
06:30 EDTAAPLApple Pay launches in U.K., has technical problems, Reuters reports
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06:20 EDTQCOMQualcomm to work with Google-backed Thread Group, Re/code reports
Qualcomm (QCOM) said it is working with Thread Group, a Google (GOOG) backed effort to find ways for internet connected devices to communicate with one another, Re/code reports. Reference Link
05:53 EDTAAPL, SSNLFSamsung expected to launch Galaxy Note 5 on August 14, DigiTimes reports
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05:53 EDTAAPLReport: Apple research center in Japan part of govt IT strategy, DigiTimes says
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05:46 EDTINTCIntel may have 'midwifed' Tsinghua bid for Micron, says Summit Research
Summit Research analyst Srini Sundararajan says Tsinghua Unigroup's reported $23B offer for Micron (MU) is highly likely to have been "midwifed" by Intel (INTC). Intel owns 20% of Tsinghua, Sundararajan points out. The analyst thinks the potential merger will "only have a few objections to work through," despite doubt from investors that the deal will be allowed by the Department of Justice. Sundararajan has viewed Micron as an acquisition candidate and keeps a Buy rating on the name with a $34 price target after the Wall Street Journal reported last night that the state-owned Tsinghua offered $21 a share for Micron. The chip maker is up $1.99 to $19.60 in pre-market trading.
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