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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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April 16, 2014
08:25 EDTWITWipro assumed with a Hold at Jefferies
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April 15, 2014
13:29 EDTINFYInfosys FY15 guidance less than expected, says Wells Fargo
Wells Fargo says Infosys' initial FY15 revenue growth and operating margin guidance came in less than expected. The firm said it lowered its already below consensus estimates and keeps a Market Perform rating on the stock. Wells cut its price target range for shares to $51-$53 from $55-$57.
11:23 EDTWIT, CTSH, INFYInfosys falls after quarterly revenue trails estimates
Shares of Infosys (INFY), which consults on business information technology and systems integration, are falling after the company's fourth quarter revenue trailed analysts' consensus estimate. WHAT'S NEW: This morning, Infosys reported fourth quarter earnings per share of 85c and revenue of $2.09B, compared to expectations of 79c and $2.11B, respectively. The company's CEO and Managing Director, S. D. Shibulal, said he was pleased that Infosys was able to double its growth rate for the full year compared to last year, though added that its performance in the last quarter of of the fiscal year had been "disappointing." The company noted that Infosys and its subsidiaries added 50 clients during the quarter and 238 during the year. Infosys forecast FY15 revenue growth of 7%-9%, compared to consensus of $9.06B. WHAT'S NOTABLE: Infosys said its board had decided to increase the dividend pay-out ratio to up to 40% of post-tax profits effective FY14. Infosys' current policy is to pay dividends up to 30% of post-tax profits. OTHERS TO WATCH: Like Infosys, Wipro (WIT) is an IT services and software solution consultant headquartered in India. Others in the business consulting space include Cognizant Technology (CTSH), IBM (IBM) and Accenture (ACN). PRICE ACTION: In late morning trading, Infosys fell $3.49, or about 6.3%, to $52.09 on nearly twice its average daily trading volume. Shares of Cognizant were down about 0.75% to $48.12, while Wipro was up about 2.6% to $13.56.
10:31 EDTINFYInfosys falls through support, levels to watch
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10:18 EDTINFYOptions with decreasing implied volatility: BBBY INFY STZ RAD
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09:40 EDTINFYInfosys shares fall after earnings, levels to watch
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09:16 EDTINFYOn The Fly: Pre-market Movers
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08:35 EDTINFYInfosys sees FY15 revenue to growth 7%-9%, consensus $9.06B
08:34 EDTINFYInfosys board recommends final dividend of 43c
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08:33 EDTINFYInfosys reports Q4 liquid assets were $5B as on March 31
08:32 EDTINFYInfosys reports Q4 EPS 85c, consensus 79c
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06:14 EDTINFYInfosys raises dividend pay-out ratio to 40% of post-tax profits
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06:13 EDTINFYInfosys sees FY15 revenue up 7%-9%
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06:12 EDTINFYInfosys reports Q4 EPS 85c, consensus 79c
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April 14, 2014
14:33 EDTINFY Infosys April 55 straddle priced for 7.6% move into Q4
12:39 EDTINFYInfosys April volatility elevated at 92 into Q4
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April 11, 2014
09:15 EDTINFYInfosys CEO Shibulal to retire, board commences search
Infosys announced earlier today that its board has begun the search to select the successor to Mr. S. D. Shibulal, its CEO and Managing Director. Shibulal has expressed his desire to retire as the CEO and MD of the company and as a member of the board either on the date of the last board meeting before his superannuation - January 9, 2015 or when his successor is ready to assume office, whichever date is earlier. The board said it will short list and evaluate an internal slate of candidates with the assistance of Development Dimensions International The board has also appointed Egon Zehnder, an executive search firm, to assist in identifying an external slate of candidates.
07:15 EDTINFYInfosys hires headhunter to help with new CEO search , Bloomberg says
The nominations committee of Infosys' board has hired executive search firm Egon Zehnder to begin the search for a successor to CEO S.D. Shibulal, according to Bloomberg, citing an e-mailed statement from the software-services provider. Reference Link
April 9, 2014
10:16 EDTCTSHHigh option volume stocks: IMGN GTN RDA AXAS CTSH
09:44 EDTWITWipro upgraded to Buy from Hold at Societe Generale
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