02/24
Headlines

Stock Movers

Tech Media Stocks in the News: Google, Inc.(NASDAQ:GOOGL), Twitter Inc (NYSE:TWTR), NQ Mobile Inc (ADR)(NYSE:NQ)

Chris Lewis02 mins

Google, Inc.(NASDAQ:GOOGL) is planning a program called “Android Silver,” The Information reports. According to sources, Google will kill the four-year-old Nexus brand, and replace it with Silver, under which manufacturers and wireless carriers “will effectively be paid to produce and sell high-end devices that closely adhere to Google specifications.” Analysts have a consensus price target…

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AstraZeneca plc (ADR)(NYSE:AZN) Shares Soar Pre-Market

Chris Lewis01 mins

Shares of AstraZeneca plc (ADR)(NYSE:AZN) reached a new high in pre-market trading as Pfizer Inc.(NYSE:PFE) confirmed it has attempted to renew negotiations on a possible merger. Pfizer submitted a preliminary indication of interest to the board of directors of AstraZeneca in January 2014 regarding the possible merger. AstraZeneca declined to pursue negotiations at that time, but…

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Notable Analyst Actions: QUALCOMM (NASDAQ:QCOM), Jabil Circuit, Inc.(NYSE:JBL), Micron Technology, Inc.(NASDAQ:MU)

Kevin Long02 mins

CLSA expects QUALCOMM (NASDAQ:QCOM)’s Q1 and Q2 to be inline but longer-term, sees meaningful margin upside in QCT from likely consolidation in the baseband industry. The firm views valuation as attractive and reiterates its Outperform rating and raises its price target to $90 from $82. Analysts have a consensus price target of $78.92 on QUALCOMM…

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Bank of America Trading Near 52-Week High on Settlement with Federal Housing Finance Agency

Chris Lewis02 mins

Bank of America (NYSE:BAC) is trading higher after-hours after reporting that it has reached a settlement with the Federal Housing Finance Agency (FHFA) resolving four lawsuits FHFA filed against Bank of America, Countrywide, and Merrill Lynch entities beginning in September 2011, alleging they falsely represented that the underlying mortgage loans complied with certain standards. Per…

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Financial Stocks On the Move: Wells Fargo (NYSE:WFC), Bank of America Corporation (NYSE:BAC), JPMorgan Chase & Co. (NYSE:JPM)

Richard Atkins02 mins

Reports are out this morning that Wells Fargo (NYSE:WFC) is being accused by New York attorney general of fabricating foreclosure documents. Despite this the company’s shares are up 1.54% nearing the top end of the 52-week range. The company has a dividend yield of 1.20 and a price to earnings ration of 12.35. Wells Fargo…

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