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Stock Market & Financial Investment News

News Breaks
January 27, 2014
12:28 EDTSLM, FMD, NNI, CTSH, INFY, WIT, SWHC, RGRStocks worth watching ahead of State of the Union
Student lenders, IT outsourcers, and gun makers are among the sectors that investors may want to keep an eye on ahead of the State of the Union address tomorrow night. STUDENT LENDERS: Senator Elizabeth Warren intends to introduce a bill to let students refinance their old loans at new, lower rates, she said earlier this month. Shares of SLM Corp. (SLM), which provides loans to college students, have been weak due to concerns that President Obama will express support for this legislation during his State of the Union address tomorrow night, FBR Capital analyst Edward Mills wrote in a note to investors last week. But the concern is misplaced, as Congress is unlikely to pass Warren's bill, Mills contended. He thinks the weakness in the stock of the company formerly known as Sallie Mae creates a buying opportunity for investors. Other names in the student lending space include First Marblehead (FMD) and Nelnet (NNI). INDIAN IT OUTSOURCERS: On Saturday, The Wall Street Journal reported that President Obama is likely to highlight immigration reform legislation in the State of the Union address, Wells Fargo analyst Ed Caso stated in a note to investors earlier today. Immigration reform legislation could surface next spring, and the House could vote on it in the early fall, Caso stated, citing unnamed sources. The House bill may be less hurtful to Indian IT outsourcing companies than the Senate immigration reform bill, the analyst believes. But the outsourcers' stocks could be negatively impacted by the advancement of legislation in the House, he added. Indian IT outsourcing companies provide foreign workers who hold temporary U.S. visas to American firms. A new immigration law could place restrictions on these visas, undermining the Indian IT outsourcers' business. Stocks in the outsourcing space include Cognizant Technology (CTSH), Infosys (INFY) and Wipro (WIT). GUN MAKERS: In his 2013 State of the Union address, President Obama called on Congress to tighten the country's gun control laws. Congress did not comply with his request, and the President could reiterate his call, or even announce that he is taking action on his own on this issue. Names in the space include Smith & Wesson (SWHC) and Sturm, Ruger (RGR).
News For SLM;FMD;NNI;CTSH;INFY;WIT;SWHC;RGR From The Last 14 Days
Check below for free stories on SLM;FMD;NNI;CTSH;INFY;WIT;SWHC;RGR the last two weeks.
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September 18, 2014
05:34 EDTINFYInfosys expands partnership with Microsoft
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September 16, 2014
09:59 EDTCTSHOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: ACI Worldwide (ACIW) initiated with a Neutral at Sterne Agee... ADP (ADP) initiated with a Market Perform at Bernstein... ANSYS (ANSS) initiated with a Sector Perform at RBC Capital... Accenture (ACN) initiated with a Market Perform at Bernstein... Blackhawk (HAWK) initiated with a Neutral at Sterne Agee... Coca-Cola (KO) initiated with a Market Perform at Cowen... Cognizant (CTSH) initiated with an Outperform at Bernstein... Constellation Brands (STZ) initiated with a Market Perform at Cowen... Dr Pepper Snapple (DPS) initiated with a Market Perform at Cowen... GenCorp (GY) initiated with a Hold at KeyBanc... Global Payments (GPN) initiated with a Neutral at Piper Jaffray... GoPro (GPRO) initiated with a Buy at Cleveland Research... Green Dot (GDOT) initiated with a Neutral at Sterne Agee... Lionsgate (LGF) initiated with a Buy at ISI Group... MEDNAX (MD) initiated with a Neutral at SunTrust... MasterCard (MA) initiated with a Buy at Sterne Agee... Molson Coors (TAP) initiated with an Outperform at Cowen... Monster Beverage (MNST) initiated with a Market Perform at Cowen... NetSuite (N) initiated with an Outperform at RBC Capital... Oracle (ORCL) assumed with a Sector Perform at RBC Capital... PepsiCo (PEP) initiated with an Outperform at Cowen... SAP (SAP) initiated with a Sector Perform at RBC Capital... Teekay (TK) initiated with a Hold at Deutsche Bank... Tesla (TSLA) initiated with a Buy at ISI Group... Visa (V) initiated with a Buy at Sterne Agee... Western Union (WU) initiated with a Neutral at Sterne Agee... Workday (WDAY) initiated with an Outperform at RBC Capital... Yelp (YELP) initiated with a Neutral at RW Baird... Zillow (Z) initiated with an Overweight at Stephens... zulily (ZU) initiated with an Outperform at RW Baird.
07:40 EDTCTSHCognizant initiated with an Outperform at Bernstein
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07:30 EDTSWHCCRT Capital to hold a conference
2nd Annual Investor Conference to be held in Greenwich, CT on September 16.
September 15, 2014
11:44 EDTCTSHCognizant's TriZetto acquisition mentioned positively at Deutsche Bank
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08:42 EDTCTSHCognizant says TriZetto should not be dilutive to long-term revenue growth
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08:25 EDTCTSHCognizant says does not expect added large scale M&A in 'foreseeable future'
The company said it will continue to look at "tuck-in" acquisitions, but does not see another large M&A deal until this integration is completed and "well under our belt." Cognizant says will continue relying on share repurchase as vehicle for return of cash to shareholders. Cognizant says its capital allocation model remains intact following its acquisition of TriZetto.
08:21 EDTCTSHCognizant says TriZetto acquisition about revenue growth, not cost synergies
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06:23 EDTCTSHFunds advised by Apax Partners agree to sell stake in TriZetto to Cognizant
Funds advised by Apax Partners announced that they have agreed to sell their majority ownership stake in the TriZetto. TriZetto, a provider of world-class healthcare information technology and service solutions, will be sold to Cognizant Technology Solutions for $2.7B in cash, subject to customary adjustments. TriZetto develops, licenses and manages solutions for healthcare payers and providers, providing software and services to approximately 350 health plans helping to increase administrative efficiency, improve the cost and quality of care and succeed in the retail market. Additionally, the company provides revenue-cycle management software solutions to nearly 245,000 doctors and other healthcare providers.
06:18 EDTCTSHCognizant to host conference call
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06:06 EDTCTSHCognizant agrees to acquire TriZetto for $2.7B
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06:01 EDTCTSHCognizant to acquire Trizetto for $2.7B in cash, CNBC reports
Cognizant is going to acquire privately held Trizetto for $2.7B in cash, CNBC's Andrew Ross Sorkin reports, citing sources.
September 12, 2014
09:01 EDTWITWipro announces Premier Partnership with Adobe
Wipro Ltd. (WIT) announced that it has entered into a Premier Partnership with Adobe (ADBE). Wipro is the first Indian Global IT services company to attain this level of partnership. Wipro will partner with Adobe in creating integrated marketing, commerce, analytics and customer experience solutions. These solutions will help businesses to better understand and win customers, increase share of wallet and differentiate through targeted, relevant and consistent conversations across multiple devices and channels.
September 10, 2014
16:16 EDTFMDFirst Marblehead reports Q4 EPS ($1.11), consensus (94c)
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September 8, 2014
16:37 EDTFMDFirst Marblehead sees $3M charge connected to UFSB dissolution
First Marblehead disclosed in a regulatory filing that on May 28, the Board of Directors of Union Federal Savings Bank, a wholly owned subsidiary of The First Marblehead Corporation, approved the dissolution of UFSB and authorized UFSB to prepare a plan of voluntary dissolution pursuant to Code of Federal Regulations, Title 12, Part 146, Section 146.4, subject to approval of the Board of Directors of UFSB, the Office of the Comptroller of the Currency and the corporation, as sole stockholder of UFSB. In addition, on May 28,, the Board of Directors of the Corporation approved UFSB’s plan to pursue the Proposed Dissolution of UFSB and to prepare the Plan, subject to approval of the Plan by the Corporation, as sole stockholder of UFSB. In connection with the Proposed Dissolution of UFSB, the corporation and UFSB have incurred, and expect to incur, charges related to lease obligations, severance and retention costs, contract termination provisions and potential losses related to the liquidation of certain assets and liabilities in connection with the Plan. At the time of the filing of the Original Form 8-K, the corporation was not able to make a good faith estimate of the total amount or range of amounts related to the Proposed Dissolution for each major type of cost, expected to be incurred, or of charges that would result in future cash expenditures.Since the filing of the Original Form 8-K, the Corporation and UFSB have been in the process of developing the Plan and an estimate of related charges. The Corporation’s and UFSB’s current estimate of charges related to the Plan are $3.0 million in the aggregate. Since the filing of the Original Form 8-K, the corporation and UFSB have been in the process of developing the Plan and an estimate of related charges. The corporation’s and UFSB’s current estimate of charges related to the Plan are $3M in the aggregate,
10:23 EDTINFYSyntel names Christopher Mason as North America sales head
Syntel (SYNT) announced earlier today the appointment of Christopher Mason as Head - North America Sales, effective September 8. Prior to joining Syntel, Mason served as Global Head of Business Development for the global sourcing division at Infosys (INFY).

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