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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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March 20, 2015
09:05 EDTCTSHJefferies Euro offshore IT services analyst has analyst/industry conference call
Analysts discusses the market growth in Ofshore IT Services in Continental Europe which is expected to outpace project growth in the U.S., with Cognizant Technology Solutions/EPAM Systems best positioned and IBM/Hewlett Packard disadvantaged on an Analyst/Industry conference call to be held on March 20 at 10 am.
March 19, 2015
09:02 EDTWITWipro says selected by Greater Cincinnati Water Works
Wipro announced that it has been selected by the United States-based utility company, Greater Cincinnati Water Works as its IT partner for the utility’s CRM, Billing and Service Bureau operations. Wipro will design, build, host and deploy a Customer Information System for Greater Cincinnati Water Works in a Platform as a Service model. The company will also maintain the solution for Greater Cincinnati Water Works for a period of five years after the initial implementation. Unlike conventional capex-heavy commercial models, Wipro’s solution is being offered in an Opex-based, pay-per-use pricing model, which is linked to the actual volume of customers served by Greater Cincinnati Water Works.

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