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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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November 21, 2014
09:04 EDTCTSHImmigration reform to have modest impact on IT services stocks, says Bernstein
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November 18, 2014
12:50 EDTINFYInfosys BPO unit fires CFO, unit CEO resigns
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10:15 EDTCTSHHigh option volume stocks
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07:36 EDTCTSHUBS to hold a conference
Global Technology Conference to be held in Sausalito, California on November 18-20 with webcasted company presentations to begin on November 18 at 10:45 am; not all company presentations may be webcasted. Webcast Link
November 13, 2014
08:52 EDTINFYInfosys among suitors for Airbus' CIMPA unit, Economic Times says
Infosys (INFY) is among the suitors looking to acquire CIMPA, the engineering services unit of Airbus (EADSY), said Economic Times, citing people familiar with the matter, who added that Infosys could also get a revenue assurance from Airbus as part of a deal. Reference Link
November 12, 2014
05:25 EDTCTSHCognizant acquires Odecee in Australia, terms not disclosed
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November 11, 2014
10:00 EDTCTSHOn The Fly: Analyst Downgrade Summary
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05:41 EDTCTSHCognizant downgraded to Neutral from Buy at UBS
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November 10, 2014
16:18 EDTFMDFirst Marblehead reports Q1 EPS (92c), consensus (72c)
Reports Q1 revenue $14.1M, consensus $13.31M.
15:53 EDTFMDCredit Suisse to hold a conference
Healthcare Conference is being held in Scottsdale, Arizona on November 10-13 with webcasted company presentations to begin on November 11 at 10:30 am; not all company presentations may be webcasted. Webcast Link
10:04 EDTWITOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Abercrombie & Fitch (ANF) downgraded at Oppenheimer... American Eagle (AEO) downgraded to Neutral from Buy at B. Riley... BP (BP) downgraded to Neutral from Overweight at JPMorgan... Callon Petroleum (CPE) downgraded to Neutral from Buy at SunTrust... EP Energy (EPE) downgraded to Hold from Buy at Deutsche Bank... Eaton Vance (EV) downgraded at Sterne Agee... Ecopetrol (EC) downgraded to Underperform from Sector Perform at RBC Capital... General Mills (GIS) downgraded to Sector Perform from Outperform at RBC Capital... Genworth (GNW) downgraded to Market Perform from Outperform at Keefe Bruyette... MasTec (MTZ) downgraded to Hold from Buy at BB&T... Ocean Rig UDW (ORIG) downgraded to Neutral from Buy at Guggenheim... Performant Financial (PFMT) downgraded at Morgan Stanley... Petrobras (PBR) downgraded to Market Perform from Outperform at Cowen... R.R. Donnelley (RRD) downgraded to Hold from Buy at Benchmark Co.... Rex Energy (REXX) downgraded to Market Perform from Outperform at BMO Capital... Salix (SLXP) downgraded to Neutral from Buy at Mizuho... Siemens (SIEGY) downgraded to Neutral from Overweight at JPMorgan... Solazyme (SZYM) downgraded to Equal Weight from Overweight at Morgan Stanley... Stonegate Mortgage (SGM) downgraded to Market Perform at FBR Capital... Syngenta (SYT) downgraded to Neutral from Overweight at HSBC... ViaSat (VSAT) downgraded to Hold from Buy at Needham... Vistaprint (VPRT) downgraded to Neutral from Buy at SunTrust... Walter Investment (WAC) downgraded at Sterne Agee... WesBanco (WSBC) downgraded to Market Perform from Outperform at Keefe Bruyette... Whiting USA Trust II (WHZ) downgraded to Underperform at Raymond James... Wipro (WIT) downgraded to Sell from Buy at UBS... XOMA (XOMA) downgraded to Neutral from Buy at Ladenburg... Yanzhou Coal (YZC) downgraded to Sell from Hold at Deutsche Bank.
09:09 EDTFMD, NNIFirst Marblehead, Firstmark Services form strategic partnership
The First Marblehead Corporation (FMD) and Firstmark Services, a Nelnet (NNI) company, have formed a strategic partnership pursuant to which Firstmark Services will provide certain private student loan origination services for the Monogram-based loan programs offered by First Marblehead's lender clients. First Marblehead will continue to perform all of the quantitative and analytical related activities for all of the Monogram-based loan programs, such as product design, credit decisioning, pricing and portfolio management functions. Firstmark Services will perform application intake, call center services, the majority of loan processing services and certain program support functions. Daniel Meyers, First Marblehead's Chairman and CEO, said, "[We] believe that this will make our operating budget materially more efficient, shifting costs from fixed to variable, and in the first full operating year we expect that our overall financial results will improve by $3M-4M dollars." First Marblehead expects that the transition of loan processing functions to Firstmark Services will be completed during the third quarter of fiscal 2015.
07:08 EDTSLMCredit Suisse to hold a conference
2014 Boston Financials 1:1 Conference to be held in Boston on November 10-11.
06:06 EDTWITWipro downgraded to Sell from Buy at UBS
UBS downgraded Wipro two notches to Sell from Buy based on slower demand and lower digital exposure.

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