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Stock Market & Financial Investment News

News Breaks
January 27, 2014
12:28 EDTSWHC, CTSH, SLM, WIT, NNI, RGR, INFY, FMDStocks 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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March 4, 2015
09:08 EDTSWHCOn The Fly: Pre-market Movers
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08:43 EDTSWHCSmith & Wesson results suggest firearm demand has increased, says Cowen
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08:21 EDTWITWipro to hold Analyst Day with a conference call hookup
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05:30 EDTWITWipro and Orga Systems jointly develop solution for OSS/BSS domain
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March 3, 2015
18:33 EDTSWHCOn The Fly: After Hours Movers
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16:35 EDTSWHCSmith & Wesson rallies sharply after results, levels to watch
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16:11 EDTSWHCSmith & Wesson reports Q3 firearm division net sales down 14.7% to $124.5M
Reports Q3 accessories division net sales $6.1M.
16:10 EDTSWHCSmith & Wesson sees FY15 EPS 87c-89c, consensus 70c
Sees FY15 revenue $532M-$536M, consensus $526.89M.
16:09 EDTSWHCSmith & Wesson sees Q4 EPS 29c-31c, consensus 25c
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16:08 EDTSWHCSmith & Wesson reports Q3 adjusted EPS 20c, consensus 11c
Reports Q3 revenue $130.6M, consensus $123.32M.
15:20 EDTSWHCNotable companies reporting after market close
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10:01 EDTCTSHOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Bacterin (BONE) initiated with a Buy at H.C. Wainwright... Cognizant (CTSH) initiated with a Buy at Argus... Comerica (CMA) initiated with a Neutral at UBS... Delphi Automotive (DLPH) initiated with a Neutral at Northcoast... Dunkin' Brands (DNKN) initiated with a Neutral at UBS... Easterly Government Properties (DEA) initiated with an Outperform at RBC Capital... Fifth Third (FITB) initiated with a Buy at UBS... Hilton (HLT) initiated with an Outperform at RBC Capital... KeyCorp (KEY) initiated with a Neutral at UBS... Ligand (LGND) initiated with a Buy at CRT Capital... M&T Bank (MTB) initiated with a Neutral at UBS... MPLX (MPLX) initiated with a Hold at Evercore ISI... Marriott (MAR) initiated with an Outperform at RBC Capital... Nexvet Biopharma (NVET) initiated with an Outperform at JMP Securities... Regions Financial (RF) initiated with a Neutral at UBS... Shell Midstream (SHLX) initiated with a Buy at Evercore ISI... Starwood (HOT) initiated with a Sector Perform at RBC Capital... Sunoco Logistics (SXL) initiated with a Hold at Evercore ISI... Syneron Medical (ELOS) initiated with a Buy at Brean Capital... Tesoro Logistics (TLLP) initiated with a Buy at Evercore ISI... Valero Energy Partners (VLP) initiated with a Buy at Evercore ISI... Vista Outdoor (VSTO) initiated with a Buy at CRT Capital... Zions Bancorp (ZION) initiated with a Sell at UBS.
07:33 EDTCTSHCognizant initiated with a Buy at Argus
Target $72.
March 2, 2015
05:48 EDTINFYInfosys signs five-year agreement with TNT
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05:42 EDTWITWipro announces partnership with Flytxt for mobile consumer analytics solutions
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February 27, 2015
07:39 EDTCTSHCognizant remains a top pick at Goldman
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07:21 EDTSWHCSmith & Wesson March volatility elevated into O3 and outlook
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February 26, 2015
17:44 EDTNNINelnet reports Q4 adjusted EPS $1.60, consensus $1.48
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February 25, 2015
17:07 EDTRGRSturm, Ruger reports adjusted Q4 EPS 53c, consensus 40c
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10:12 EDTRGRHigh option volume stocks
High option volume stocks: WBAI HDS ICON NWBO RGR GFI RKT TJX RSG LC
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