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Financial News from Barrons.com

  • Deutsche Bank saw a sharp pick-up in demand in China after the energy sector's regulator, the National Energy Administration or NEA, announced its intent to support the development of distributed systems. Here are analysts Vishal Shah and Jerimiah Booream-Phelps: Checks indicate that the recently announced DG policy in …

  • Federal Reserve, even though repeatedly saying it would keep interest rate low for "considerable time", showed its more hawkish stance by projecting a rise in the federal funds rate to 1.375% by the end of 2015, compared with 1.125% projection in June. Meanwhile, the Hong Kong market slumped, after August home home price …

  • Deutsche Bank upgraded 500.com (WBAI) from Neutral to Buy with $40 price target, on "solid post-World Cup momentum and the recent unduly severe sell-off." Earlier this month, high-profile short ...

  • Argentina's economy minister filed a budget this week that forecasts 2015 growth of 2.8%, figure that looks more wishful than realistic. Economy Minister Axel Kiciloff's own estimate for 2014 growth is ...

  • Several Street observers today today weighed in about what they see as rising demand for solar energy systems, perhaps boosting the outlook for names such as Canadian Solar (CSIQ), Jinko Solar (JKS), and ...

  • MKM Partners We assume that Auxilium Pharmaceuticals is willing to sell itself, but Endo International will need to pay more than $30.75, which is where the stock traded in February. We think that a $32 ...

  • Stocks finished only slightly higher today after jumping following the Fed announcement this afternoon. The S&P 500 gained 0.1% to 2,001.57, while the Dow Jones Industrial Average rose 0.2% to 17,156.85. ...

  • Four Bristol-Myers Squibb insiders including the top executive sold 147,773 shares for $7,494,036, an average of $50.71 each, from Sept. 8 through 16. The transactions included open-market sales, 10b5 ...

  • Deutsche Bank reiterated its bearish view on Venezuela's macroeconomic conditions and policy directions. Following a conference Deutsche held this week, analysts write that the government's need for cash -- obvious with Venezuela's hoped-for sale of U.S. Deutsche cites local oil consultants' estimates that Citgo could …

  • Bernstein Research's Toni Sacconaghi today reiterates an Outperform rating on Apple (AAPL) stock, and a $108 price target, warning that Apple may miss high expectations for first-weekend sales of the iPhone 6 and 6 Plus when they go on sale this Friday, but that it may not matter much. Observes Sacconaghi, the Street may …

  • Big Internet stocks are hurting. Perhaps institutions are raising cash to buy into the Alibaba initial public offering later this week, or perhaps there's another force at work, but whatever the reason, ...

  • Bernstein Research analyst Stacy Rasgon today advises investors to "press the short" sale thesis on shares of Advanced Micro Devices (AMD), which he rates Underperform, witha  $3 price target, ...

  • Is Apple (AAPL) beating Intel (INTC) at the latest chip technology? In some ways, yes, says Robert Maire of boutique research firm Semiconductor Advisors.  In a note out late yesterday, Maire follows up ...

  • With offshore drillers like Noble (NE) Rowan (RDC) and Ensco (ESV) all down more than 20% this year, Societe General now have "neutral" stance on the group. The bank cut its ratings on Noble, Ensco and Rowan, as well. Societe Generale's Edward Muztafago explains why now: Conditions in the offshore drilling market are …

  • Deutsche Bank networking analyst Brian Modoff today offers up some thoughts from a conference on so-called software-defined networking, or SDN, the bank recently hosted, the upshot of which was that Cisco ...

  • Fed Reassures Emerging Markets @ Barrons.com - 12 hours ago

    The language coming out of the Federal Reserve's meeting today should reassure emerging market investors, even if the open policy committee revised future interest rate estimates higher. The head of emerging ...

  • [$$] FedEx: The Total Package @ Barrons.com - 12 hours ago

    Those expecting FedEx's fiscal first quarter results to deliver weren't disappointed. Before Wednesday's opening bell, FedEx (FDX) reported earnings of $606 million, or $2.10 a share, up from $1.53 a share in the year-ago period and well above the $1.96 per-share consensus. FedEx's Express segment, its largest, saw sales …

  • While homebuilders rose, but gold-focused ETFs sat in the red after the Federal Reserve left the words "considerable time" in its statement. U.S. stocks rose, then fell and rose again after the ...

  • Stocks rose, fell, and are rising again after the Federal Reserve left "considerable time" in its statement. The S&P 500 has gained 0.3% to 2,004.23, while the Dow Jones Industrial Average has advanced 0.3% to 17,174.93. The Nasdaq Composite has advanced 0.4% to 4,570.25. CRT Capital's David Ader tries to decide whether …

  • The hedge fund industry is experiencing a Marie Antoinette moment. After years of stories about the massive houses, art collections, exotic autos, tax breaks, and fantastic life styles of hedge fund managers, some of the people who pay for those luxuries are saying, No more. The fund managers may not lose their heads, …

  • India Prime Minister Narendra Modi wants the Japanese to invest in India's rail, defense and auto industries. But Citi Research says that while Modi implored Japanese businesses to "Make in India," ...

  • The folks at Goldman Sachs are warning that October usually brings higher market volatility--and recommend investors buy "long volatility positions" in companies where event risk has not been priced into the options market, including Bristol-Myers Squibb (BMY), JC Penney (JCP), Ford Motor (F) and Intel (INTC). Goldman …

  • [$$] Raytheon Ready for Acquisitions? @ Barrons.com - 14 hours ago

    Raytheon (RTN:NYSE) By Sterne, Agee & Leach ($101.71, Sept. 17, 2014) Raytheon has spent about $1.6 billion on niche acquisitions since 2007, which averages to less than $225 million per year on deals. Raytheon's cautious approach to mergers and acquisitions has paid off and enabled healthy dividends and significant buybacks …

  • What's Happening to Home Builders? @ Barrons.com - 15 hours ago

    It's a good day for homebuilders. Stocks prices are soaring on data showing confidence in the industry surged in September to the highest-level since 2005, which suggests that home construction could pick ...

  • Here are some things going on today in your world of tech: Shares of Adobe (ADBE) are down $2.87, or 4%, at $67.86, after the company yesterday afternoon reported fiscal Q3 revenue more or less in line ...

  • If investors don't hear what they want to hear from the Federal Reserve today on U.S. The iShares MSCI Emerging Markets ETF (EEM) is flat at midday, while the iShares MSCI BRIC ETF (BKF) is down 0.39%. The iShares MSCI Turkey ETF (TUR) is down nearly a point, and the Market Vectors Russia ETF (RSX) is down nearly 2%.  While …

  • Offshore Drillers Sinking…Again @ Barrons.com - 15 hours ago

    After sinking yesterday, offshore drilling stocks are sliding once again after fleet-status reports from Diamond Offshore (DO) and Ensco (ESV) confirmed that the rig market is still a mess. Shares of Diamond Offshore have dropped 2.8% to $38.15 at 11:51 a.m., while Ensco has dipped 0.7% to $45.66, Noble (NE) has fallen …

  • Aflac Bets on Hedge Funds @ Barrons.com - 16 hours ago

    Not all investors are following CalPERS' lead and dumping hedge funds. Aflac (AFL) CIO Eric Kirschtold a crowd at a presentations yesterday that the insurer plans to boost bets on hedge funds and other "growth assets, " after scaling back from Japanese government debt and private bonds. As Bloomberg reports: Kirsch joined …

  • Shares of Microsoft (MSFT) are down 28 cents, or 0.6%, at $46.48, after the company last night raised its quarterly dividend to 31 cents, matching estimates going into the announcement, and said it switched ...

  • Endo International (ENDP) announced that it had bid $2.2 billion to buy Auxilium Pharmaceuticals (AUXL), pricing it at $28.10 a share. MKM Partner's Jon LeCroy doesn't think that's enough: We assume that Auxilium is willing to sell itself but that Endo will need to pay more than $30.75, which is where the stock traded …

  • Shares of data center hosting firm Rackspace Hosting (RAX) are down $6.34, or 16%, at $33, continuing last night's declines after the company said it terminated its exploration of strategic alternatives for the business, and that it would remain an independent company, and said its president, Taylor Rhodes, would become …

  • On a day that's seen the iShares Nasdaq Biotechnology ETF (IBB) rise, shares of Gilead Sciences (GILD) are falling after the biotech giant said a drug trial for the treatment of pancreatic cancer had failed. RBC's Michael Yee and team say they're "not surprised" by the result: Gilead reported a Phase II study in pancreatic …

  • Should US Steel Be a $60 Stock? @ Barrons.com - 16 hours ago

    Steel (X) and a strong profit forecast from Nucor (NUE) have sent steel stocks soaring today. US Steel said its Canadian unit, which has lost $2.4 billion during the past five years, would file for bankruptcy. Credit Suisse analyst Nathan Littlewood and team say US Steel "has become a hard stock to ignore." They explain …

  • Needham & Co. Consistent with our checks in Asia earlier this month, China Mobile's Chairman Mr. Xi Guohua indicated at an industry forum that the company will increase its 2014 time division-long term evolution base station target to 700,000, from its previous projections of 500,000. China Mobile has already completed …

  • DuPont: 'Let the Games Begin' @ Barrons.com - 16 hours ago

    Last night, the Wall Street Journal reported that Nelson Peltz's Trian Fund Management had sent a letter to DuPont's (DD) board urging the chemical company to split itself in two. Trian believes such a move could cause DuPont's shares to double in three years. In a report titled 'Let the Games Begin,' Deutsche Bank's David …

  • Brazil Stocks On The Move @ Barrons.com - 17 hours ago

    Brazil's market continues to rally after last week's selloff. The iShares MSCI Brazil Capped ETF (EWZ) is up 0.18% today. Among today's biggest movers is technology giant Oi (OIBR), whose U.S.-traded shares ...

  • Tesla Motors: Beware @ Barrons.com - 17 hours ago

    Shares of Tesla Motors (TSLA) have sputtered this week--and Barclays' Brian Johnson and team worry that this could just be the beginning of the upstart automaker's troubles. They explain why: We believe Tesla faces a challenge in reaching implied 4Q delivery guidance of ~13k. The required uptick in Asia reaffirms our …

  • U.S. opened higher ahead of an anticipated decision by Fed policy makers regarding interest rates. The DJIA rose 28 points or 0.16% to 17,160.05. The S&P 500 index added 4.1 points, or 0.21% to 2,003.09 ...

  • Car manufacturers will find the China market, which has grown by an annualized 20% since 2000, a lot more difficult to operate in, according to The Boston Consulting Group in a new study on Chinese car ...

  • Emerging Markets Higher, Except Russia @ Barrons.com - 17 hours ago

    China boosted its stimulus, sending emerging markets higher despite a slide in Russia. The iShares MSCI Emerging Markets ETF (EEM) is up 0.11% in early trading, while the iShares MSCI BRIC ETF (BKF) rose ...

  • Yesterday, stocks got a boost from a Jon Hilsenrath article that suggested the Fed could stick with its dovish bias and from news that the People's Bank of China had acted to boost its economy. What will stocks do today with the Fed announcement due this afternoon? S&P 500 futures, Dow Jones Industrial Average futures …

  • Sony Corp. (6758.T/SNE) said today it now anticipated a 230 billion yen ($2.15 billion) net loss for the year ending March, 4.6 times the size previously expected. In addition, it planned to write down ...

  • [$$] Alcoa Offering Removes an Overhang @ Barrons.com - 20 hours ago

    Alcoa (AA:NYSE) By Morgan Stanley ($16.39, Sept. 16, 2014) We are Overweight on Alcoa. Our price target is $18. Alcoa (AA) announced a proposed public offering of Mandatory Convertible Preferred Stock. Back in June this year, Alcoa announced $2.85 billion acquisition of Firth Rixson, an aerospace-engine-component m …

  • Earlier this year, Titan appointed former CFO Paul Reitz as president and named John Hrudicka, an experienced manufacturing executive, as CFO. Activist investor, MHR Fund Management, run by Mark Rachesky, has also accumulated a 14% stake, and in June, Rachesky was given a board seat.

  • Choking in smog, China is trying hard to move away from dirty coal and into clean energy. Beijing announced on Monday that, starting next year, it would ban the burning of coal with ash content of more ...

  • Asia markets ex-Japan generally rose today after China's central bank injected 500 billion yuan liquidity into its five banks. Asian currencies also rose as traders bet that the Federal Reserve will be ...

  • Credit Suisse Downs Macau, Says "Recovery May Take Time" @ Barrons.com - Wed, Sep 17, 2014 2:44 AM EDT

    Analysts race to lower their 2014 revenue growth estimates this week, as this month's gross gaming revenue from Macau comes out tepid. Credit Suisse analysts Kenneth Fong and Isis Wong "cut [their] ...

  • China Jumps On $81 Billion Injection Into Banks, Or 0.5% RRR Cut @ Barrons.com - Tue, Sep 16, 2014 10:42 PM EDT

    China's central bank People's Bank of China is injecting 500 billion yuan ($81 billion) into the country's five largest banks. ICBC, China Construction Bank, Agricultural Bank of China, Bank of China and ...

  • Alibaba Left Out Of Global Indices: Many More Have The Same Problem @ Barrons.com - Tue, Sep 16, 2014 9:37 PM EDT

    As it currently stands, China's largest e-commerce the Alibaba Group (BABA), which Yahoo! (YHOO) has 22% stake of, is going to be left out of the world's biggest indices, even though, ironically, 80% of e-commerce transactions in China, or 8% of the country's retail, flows through its platforms. An estimated $210 billion …

  • Wynn: Boston License Slight Positive; September Slows Further @ Barrons.com - Tue, Sep 16, 2014 8:32 PM EDT

    In a 3:1 vote by the Massachusetts Gaming Commission, Wynn Resorts (WYNN) was awarded the sole license to operate a casino in the Boston area. This news clip is "moderate" or "slight" ...

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