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Stock Market & Financial Investment News

News Breaks
January 27, 2014
12:28 EDTWIT, NNI, RGR, INFY, FMD, SWHC, CTSH, SLMStocks 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
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July 28, 2015
07:10 EDTCTSHCognizant removed as a top pick at Deutsche Bank
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July 27, 2015
10:29 EDTINFYOptions with decreasing implied volatility
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July 24, 2015
09:41 EDTRGRSturm, Ruger initiated with a Buy at BB&T
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09:41 EDTSWHCSmith & Wesson initiated with a Hold at BB&T
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09:36 EDTINFYInfosys upgraded to Outperform from Neutral at Macquarie
July 23, 2015
09:48 EDTWITWipro sees Q2 IT Services revenue $1.82B-$186B
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09:48 EDTWITWipro reports Q1 revenue $1.9B, consensus $1.84B
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July 22, 2015
16:32 EDTSLMSallie Mae sees 2015 core EPS 57c-59c, consensus 59c
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16:32 EDTSLMSallie Mae reports Q2 EPS 20c, consensus 20c
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10:15 EDTINFYOptions with decreasing implied volatility
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July 21, 2015
10:24 EDTINFYOptions with decreasing implied volatility
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05:29 EDTINFYInfosys sees FY15 IFRS revenue up 7.2%-9.2% in USD terms
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05:28 EDTINFYInfosys reports Q1 EPS 21c, consensus 21c
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July 20, 2015
14:44 EDTINFYInfosys volatility increases into Q1 and outlook
Infosys August call option implied volatility is at 34, September is at 29; compared to its 52-week range of 21 to 41, suggesting large near term price movement into the expected release of Q1 results on July 21.
13:16 EDTINFYInfosys technical comments ahead of results
The stock has been trading in a sideways range for the last several weeks bound by $15.25 at the low and $16.35 at the high. If the news is bullish, a breakout above the range at $16.35 would see next resistance at $17.05. Thereafter resistance would be at $17.70 and $18.18. If the news is bearish, a breakdown below $15 would see next support at $14.61. The irregularly-shaped potential head and shoulders pattern would also become active. That pattern could reach the $12 to $11.50 area over time if nothing interrupts its progress.
July 16, 2015
09:46 EDTSLMSallie Mae issued a Sell rating at Off Wall Street Research
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July 14, 2015
12:32 EDTSLM, NNIStudent loan stocks decline after peer Navient lowers estimates
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