2015년 2월 13일 금요일

Bidness Etc - Afternoon Update (February 12, 2015)

Bidness Etc

Bidness Etc Newsletter

Summary for February 12, 2015

Technology

FBR Raises Monster Worldwide, Inc. (MWW) Price Target To $6.8

Bidness Etc takes a look at the reasons FBR has raised the price target on Monster Worldwide stock and given it an Outperform rating
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Whisper Numbers: Groupon (GRPN), Zynga (ZNGA), American International Group (AIG)

Bidness Etc takes a look at how the whisper numbers expect Groupon, American International Group, and Zynga to perform in their latest quarterly earnings results
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Here’s Why InterXion Holding Has Been Downgraded By Wells Fargo & Co

Wells Fargo has downgraded InterXion stock from Outperform to Market Perform, following Telecity-InterXion merger deal. Bidness Etc discusses Wells Fargo’s poor outlook on the stock
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Here’s Why Jefferies Slashed Target Price On Baidu Inc (ADR)

Jefferies analyst Cynthia Meng trimmed her target price for Baidu stock from $283 to $253, following the company’s disappointing 4QFY14 results
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Credit Suisse Slashes Target Price On AOL, Inc. (AOL) Stock To

Bidness Etc looks at why Credit Suisse analyst has cut the price target on AOL stock from $50 to $47, maintaining a Neutral rating
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Apple Inc. Takes Firm Stand Against “Bonded Servitude” Practice In Supplier Factories

Apple bans excessive fees taken by suppliers from new employees; calls it “Bonded Servitude” and instructs suppliers to ensure an adequate compensation package and satisfactory work environment
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Why Credit Sussie Lowered Estimates For Applied Materials, Inc.

Credit Suisse decreases its EPS on Applied Materials from $1.36 to $1.30, citing in-line quarterly results and disappointing second-quarter guidance
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Qualcomm Inc. Faces Another Antitrust Probe

The South Korean FTC is reported to be investigating Qualcomm under antitrust laws
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Facebook Inc Takes Aim At Cisco With New 6-pack Network Switch

In a bid to make networking easy Facebook Inc has introduced a 6-pack networking switch in a way to cut down on networking costs by having a interchangeable modular system
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Are Apple Inc. App Store’s Rankings Hacked?

There is a picture of what looks like an app manipulation farm going around on the Internet
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Multiple Avenues To Boost Apple Inc. Revenue: BofA/Merrill Lynch

BofA/Merrill Lynch increased the target price on Apple stock from $130 to $140, reiterates Buy rating
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Microsoft Corporation Acquires Israeli Startup N-trig For $200 Million

Microsoft has acquired the startup behind the stylus pen of the Surface Pro 3 tablet
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Google Inc Tests New Payment Method

In response to Apple Pay’s popularity, Google has reportedly begun testing its new mobile payment app, “Plaso”
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How The Apple Inc Spaceship Campus Is A Blessing For Cupertino

Apple gave its first tour to reveal more about its mysterious spaceship-shaped, environmentally friendly Apple Campus 2
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Industrials

Boeing Co Receives Fresh Orders From Korean Air And Transivia

Boeing will deliver five 777 cargo planes and seventeen 737 passenger planes, valued at $3.1 billion combined, to Korean Air and Transivia, respectively
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Why General Electric Company (GE) Is Allowing Shareholders To Appoint Board Members

Bidness Etc takes a look at the reason General Electric is allowing shareholders to have a nomination on the Board of Directors
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Consumer Discretionary

Barclays Slashes Tesla Motors Inc’s (TSLA) Target Price After Poor Q4

Barclays has given a Neutral rating to Tesla Motors Inc (TSLA), expects two scenarios for the stock - $315 or $82
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Here’s Why Morgan Stanley Remains Bullish On Tesla Motors Inc (TSLA) Stock Despite Poor Q4 Results

Morgan Stanley analyst Adam Jonas sticks to an Overweight rating on Tesla stock, reiterating a $280 target price. Bidness Etc discusses the firm's positive outlook on the stock, despite weak 4Q results and a bearish stance of the overall sell-side
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Tesla Motors Inc Model X Beta Version Spotted In California

A member of Tesla Motors Club forum shared photos of Model X beta roaming the streets of California
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Can Tesla Motors Inc “Fix The Chinese Issue” By Mid-2015?

Tesla will not be leaving China anytime soon, with the company management determined to benefit from “vast potential of this market”
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FTC Meeting With Sysco (SYY) Raises Skepticism Over US Foods Merger

Sysco executives met with FTC commissioners this week in its latest attempt to alleviate anti-trust concerns regarding its merger with US Foods
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2016 Ford Motor Company GT To Be Manufactured In Canada

Ford has announced that it would manufacture its 600 horsepower 2016 Ford GT in Ontario, Canada
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Tesla Motors Inc (TSLA) Hoping For A Prosperous Year

Tesla released disappointing results for 2014. However, it expects to perform well in 2015 due to the introduction of Model X and its international expansion initiatives
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Short Interest In GoPro Inc (GPRO) At All-Time High

According to data issued by NASDAQ, short interest in GoPro is at an all-time high
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Can Tesla Motors Inc Deliver 55,000 EVs In 2015?

Tesla CEO said on Wednesday that he was shooting for an over 70% hike in EV sales in 2015. Bidness Etc analyzes whether the automaker can meet the lofty objective
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Here’s Why Credit Suisse Raised Price Target On Wal-Mart Stores, Inc. (WMT)

Credit Suisse increased its price target on Wal-Mart stock from $87 to $95, citing reassessment of corporate strategic urgencies as the reason
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Deutsche Bank Slashes Tesla Motors Inc (TSLA) Price Target To $245

The sell-side firm has cut the EV maker’s price target after it posted disappointing 4QFY14 results
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Energy

Here’s Why Alpha Natural Resources (ANR) Stock Is Trading Up On Thursday

Alpha Natural Resources stock is trading up by around 9.24%, following the release of better-than-expected 4QFY14 financial results
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Financials

Bank Of America Corp To Let Go 250 Employees In Charlotte

Bank of America will lay off 250 employees from its mortgage servicing unit, as part of its efforts to cut back its troubled loans portfolio
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Credit Suisse Group AG (ADR) To Cut Costs Due To Surging Franc

Credit Suisse receives a positive market reaction after announcing its plans of battling the soaring Swiss franc
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Bank Of America Corp’s US Banking Subsidiary Helped Clients Avoid Taxes: WSJ

The Wall Street Journal reported yesterday that the Bank of America National Association financed tax-minimization trades for BAC's European investment banking division
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Healthcare

FDA Advisory Committees To Review Amgen, Inc. Melanoma Treatment

Amgen has announced that two of the FDA’s advisory committees will review its metastatic melanoma treatment
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GlaxoSmithKline plc (ADR) Acquires Vaccine Maker GlycoVaxyn For $190 Million

With its recent deals to supplement the current vaccines portfolio, GSK is expecting the vaccine business to be its major growth contributor for this year and beyond
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AbbVie Inc Submits New Drug Application In Japan For Hepatitis C Treatment

AbbVie has submitted an NDA to the Japanese Ministry of Health, Labor and Welfare for its investigational all-oral treatment for chronic hepatitis C; the final approval is expected to come in the second half of 2015
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Gilead Sciences, Inc. Offers Sovaldi For €41,000 In Germany

Gilead agreed to slash Sovaldi’s price in Germany to €41,000 for the 12-week standard treatment
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Anthem Inc Offers Free Identity-theft Protection After Breach

Anthem is now offering free credit monitoring and identity-theft protection services to more than 80 million customers
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