New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
October 1, 2014
10:01 EDTINFYInfosys volatility elevated into Q2 and outlook
Infosys October call option implied volatility is at 46, November is at 27, January is at 28, April is at 27; compared to its 26-week average of 32 according to Track Data, suggesting larger price movement into the expected release of Q2 results on October 10.
05:19 EDTINFYInfosys announces strategic relationship with Stanford University
Subscribe for More Information
September 30, 2014
14:04 EDTINFYInfosys extends its relationship with Oracle
Subscribe for More Information
10:02 EDTCTSHOn The Fly: Analyst Initiation Summary
Subscribe for More Information
07:40 EDTCTSH, CTSHCognizant initiated with an Outperform at CLSA
Subscribe for More Information
September 24, 2014
09:38 EDTINFYInfosys downgraded to Neutral from Outperform at Macquarie
Macquarie downgraded Infosys to Neutral due to valuation.
September 22, 2014
17:07 EDTRGRSturm, Ruger increases board to seven
Subscribe for More Information
September 18, 2014
05:34 EDTINFYInfosys expands partnership with Microsoft
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use