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Stock Market & Financial Investment News

News Breaks
April 1, 2013
01:20 EDTSTX, T, WLP, WUWellPoint, Seagate, Western Union, AT&T buybacks give bullish sign,Barron's says
WellPoint (WLP), Seagate Technology (STX), Western Union (WU), and AT&T (T) have good dividend yields and are decreasing their outstanding shares with their buybacks, according to Barron's. Reference Link
News For WLP;STX;WU;T From The Last 14 Days
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December 17, 2014
10:14 EDTSTXHP best way to play coming PC sales outperformance, Citi says
Sales of PCs will be at least flat next year, before growing slightly in 2016 and 2017, Citigroup wrote in a note to investors today. The firm identified HP (HPQ) as the best way to play better than expected PC sales. WHAT'S NEW: Although many believe that PCs will become extinct, there are several reasons why sales of personal computers will begin growing again, Citi analyst Jim Suva contended. Sales of commercial PCs in emerging markets should increase over the long-term, as those PCs are aging, according to Suva. He estimated that commercial PCs in emerging markets account for 27% of the total PC market. Meanwhile, tablets were supposed to replace PCs, but tablet sales growth slowed to just 8% this year, indicating that tablets are becoming less of a threat to PCs, he wrote. Additionally, some believe that PC demand was inflated by a rush to replace computers running Microsoft's (MSFT) Windows XP operating system this year after the company stopped supporting XP, but Suva believe that PC demand growth in 2014 was more driven by a need to buy new computers following a lull in growth in 2012-2013 than by the XP situation. As a result, the analyst estimates that the XP phenomenon will only reduce next year's PC growth by 1%, versus the 3%+ reduction that investors fear. HP is the best way to play the PC rebound, wrote Suva, who raised his price target on the company's shares to $46 from $40 and kept a Buy rating on the stock. WHAT'S NOTABLE: Suva raised his price target on hard disk drive maker Western Digital (WDX) to $125 from $110 and on its competitor, Seagate (STX), to $74 from $70, as he noted that the companies obtain about 50% of their revenue from PCs. He kept Buy ratings on both names. PRICE ACTION: In early trading, Hewlett-Packard gained 2.7% to $38.32, Western Digital rose 1.7% to $106.30, and Seagate climbed 1% to $63.89.
06:25 EDTSTXWestern Digital price target raised to $125 from $110 at Citigroup
Citigroup raised its price target for Western Digital (WDC) shares to $125 on expectations PCs will return to positive growth in 2016-2017. Citi believes Western Digital will benefit if its thesis on PCs proves correct. It also raised its price target for Seagate (STX) shares to $74 from $70. Citi keeps a Buy rating on both stocks.
December 15, 2014
07:40 EDTWLPExpress Scripts price target raised to $96 from $82 at UBS
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December 12, 2014
16:33 EDTTStocks finish week lower amid steep decline in oil prices
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December 10, 2014
14:45 EDTWLPDeal would block payments to health insurance companies, The Hill says
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10:24 EDTTSprint retreats after Oppenheimer cuts rating to Underperform amid price war
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09:12 EDTTRadioShack threatens bankruptcy if cell phone deals not reworked, NY Post says
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08:16 EDTTBarclays to hold a conference
Global Technology Conference is being held in San Francisco on December 9-10 with webcasted company presentations to begin on December 10 at 10:40 am; not all company presentations may be webcasted.Webcast Link
07:30 EDTTAT&T price target lowered to $36-$38 from $42-$44 at Wells Fargo
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06:32 EDTTAT&T shares have near-term downside risk to $30, says Citigroup
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05:51 EDTTStocks with implied volatility movement; CBST T
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05:15 EDTTAT&T rebrands Alltel in Georgia
AT&T has upgraded the former Alltel retail locations in Georgia and opened them under the AT&T brand. AT&T has also upgraded the former Alltel network in Georgia to combine the strength of Alltel's local coverage with AT&T's 4G LTE network. In early 2015, more than 100,000 former Alltel wireless customers in Georgia will begin using new devices that work on AT&T's network.
December 9, 2014
10:28 EDTTVerizon drops after warning about promotional impact on profits
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08:04 EDTWUBank of China to offer Western Union Money Transfer service
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07:41 EDTSTXBarclays to hold a conference
Global Technology Conference is being held in San Francisco on December 9-10 with webcasted company presentations to begin on December 9 at 10:40 am; not all company presentations may be webcasted. Webcast Link
07:32 EDTTUBS to hold a conference
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December 8, 2014
18:24 EDTTOn The Fly: After Hours Movers
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07:28 EDTSTXFBN Securities to hold a bus tour
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December 5, 2014
06:01 EDTTTechNet: Combined AT&T/DirecTV will increase broadband development
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