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January 27, 2014
12:28 EDTNNI, RGR, INFY, FMD, SWHC, CTSH, SLM, WITStocks 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).
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November 18, 2015
08:08 EDTWITWipro announces collaboration with Red Hat
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November 16, 2015
16:24 EDTNNINelnet agrees to acquire fiber operator ALLO for roughly $46M
Nelnet announced it has agreed to acquire ALLO Communications, a Nebraska-based telecommunications company offering fiber optic service. The transaction is expected to close in 4Q15. ALLO will become a subsidiary of Nelnet and retain its brand identity. ALLO president Brad Moline and network operations EVP Jeff Kuenne will continue to lead ALLO, said Nelnet. Under the terms of the agreement, Nelnet will pay $46.25M for 92.5% of the outstanding equity and membership interests of ALLO. The remaining 7.5% of the equity and membership interests of ALLO will be owned by its management, who will also have the opportunity to earn additional equity based on the performance of the company. Nelnet noted it anticipates investing significant capital to continue expanding the ALLO fiber network in existing service areas and in other communities.

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