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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
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October 29, 2014
18:59 EDTRGROn The Fly: After Hours Movers
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17:17 EDTRGRSturm, Ruger down 6.7% following Q3 results, lower Q3 dividend
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17:17 EDTRGRSturm, Ruger lowers Q3 dividend to 14c per share from 45c per share
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17:15 EDTRGRSturm, Ruger reports Q3 EPS 34c, may not compare to consensus 99c
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October 24, 2014
13:52 EDTCTSHSS&C Technologies, Cognizant mentioned as long ideas by Adrangi, Bloomberg says
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09:37 EDTWITWipro downgraded to Neutral from Buy at Citigroup
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October 23, 2014
12:13 EDTSLMSallie Mae management to meet with Compass Point
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October 22, 2014
16:33 EDTSLMSallie Mae sees FY14 core EPS 42c-43c, consensus 45c
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16:32 EDTSLMSallie Mae reports Q3 core EPS 17c, consensus 17c
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15:30 EDTSLMNotable companies reporting after market close
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11:49 EDTWITWipro reports Q2 EPS 14c, consensus 14c
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11:48 EDTWITWipro sees Q3 IT Services business revenue $ 1.808M-$ 1,842M
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October 17, 2014
10:00 EDTSWHCOn The Fly: Analyst Initiation Summary
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06:37 EDTSWHCSmith & Wesson initiated with a Buy at Wunderlich
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