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Stock Market & Financial Investment News

News Breaks
February 7, 2013
14:14 EDTSWY, TLMSafeway, Talisman stakes taken by activist West Face, Globe & Mail says
The activist fund West Face Capital disclosed in its quarterly update to investors, issued on Feb. 5, that during the quarter it had acquired minority stakes in Safeway (SWY) and Talisman Energy (TLM) among its holdings, according to The Globe and Mail. West Face said Safeway’s Blackhawk gift card division and Canadian unit are undervalued and may be potential candidates for divestiture, the report noted. Reference Link
News For SWY;TLM From The Last 14 Days
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April 20, 2015
15:16 EDTSWYGreenlight starts new GM long position, rolls Lorillard short bet to Reynolds
David Einhorn's Greenlight Capital hedge fund said in its latest quarterly letter to investors that it had established new long positions in General Motors (GM), Chicago Bridge & Iron (CBI) and AerCap Holdings (AER) last quarter. WHAT'S NEW: Greenlight believes GM should benefit from low gas prices, low raw material costs, and its decision to launch share buybacks, Greenlight stated. GM has an excellent chance of beating 2015 EPS expectations, added the firm. Einhorn's group said they found the valuation of Chicago Bridge and Iron, an engineering and construction company with significant exposure to energy, attractive following the stock's decline. Although energy prices may stay low for some time, the company has a significant backlog that should support its earnings for several years, Greenlight stated. Additionally, the market is overestimating how much of the cost overruns for two nuclear energy projects with be shouldered by the company, Greenlight contended. AerCap, the largest publicly traded aircraft leasing company, bought AIG's (AIG) aircraft leasing business last year at a bargain price, Greenlight stated. The combined business will benefit from AerCap's low tax rate, as well as efficiencies, the hedge fund believes. WHAT'S NOTABLE: Greenlight exited its short position in Lorillard (LO). Greenlight noted that it has rolled its short bet on Lorillard into a fresh position in Reynolds American (RAI), since it still believes that the FDA is gearing up to do "something major" in terms of regulation of menthol cigarettes, but is moving "slowly and deliberately" because it anticipates an extremely aggressive industry response. The firm also exited two other short positions because the companies agreed to takeovers: Safeway (SWY) and Freescale Semiconductor (FSL), which has agreed to sell itself to NXP Semicondictors (NXPI).
April 16, 2015
10:15 EDTTLMOptions with decreasing implied volatility
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April 15, 2015
10:31 EDTTLMOptions with increasing implied volatility:
Options with increasing implied volatility: CLDN PNK TLM FOSL ARCP CSCO
April 13, 2015
14:18 EDTSWYTarget names Anne Dament as SVP, Merchandising
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10:48 EDTTLMOptions with increasing implied volatility
Options with increasing implied volatility: CLDN WETF EWH FOSL FXI TLM PRGO ATHN SYMC MAC

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