General Interest

Wells Fargo, Connecticut Reach Agreement On Mortgage Products

Published on Wed, 08/17/2011 - 14:11
By FNNO Staff in General Interest, business, FINANCE, Investing, news, trading, wfc, In The News

Wells Fargo will consider about 1,535 eligible homeowners in the state for loan modifications as part of the agreement, and will also provide Connecticut with $741,465 to support the state's foreclosure efforts.

Wells Fargo (NYSE:WFC) has a potential upside of 44.3% based on a current price of $24.68 and an average consensus analyst price target of $35.6.

The Wall Street Journal reported that Wells Fargo (NYSE:WFC) has formed an agreement with Connecticut over the alleged deceptive marketing of mortgage products by Wachovia and Golden West Financial.

By FNNO Staff
fnnonline@gmail.com

Microsoft (MSFT): New Coverage by Bernstein

Published on Wed, 08/17/2011 - 12:52
By FNNO Staff in General Interest, business, FINANCE, Investing, MSFT, news, trading, In The News

In the past 52-weeks, shares of Microsoft have traded between a low of $23.32 and a high of $29.46 and are now at $25.35, which is 8.7% above that low price.

Microsoft is currently below its 50-day moving average (MA) of $25.78 and below its 200-day MA of $26.28. In the last five trading sessions, the 50-day MA has climbed 0.3% while the 200-day MA has remained constant.

Microsoft (NASDAQ:MSFT) initiated at Outperform at Bernstein. The stock closed yesterday at $25.35 on volume of 54,203,375 shares, below the average daily volume of 70,797,741.

By FNNO Staff
fnnonline@gmail.com

Citi Trends Missed Q2 Results, Comparable Store Sales Down 12%

Published on Wed, 08/17/2011 - 12:48
By FNNO Staff in General Interest, business, CTRN, FINANCE, Investing, news, trading, In The News

Citi Trends has a potential upside of 7.1% based on a current price of $12.37 and an average consensus analyst price target of $13.25.

Citi Trends is currently below its 50-day moving average (MA) of $14.74 and below its 200-day MA of $20.33.

Citi Trends (NASDAQ:CTRN) reported a Q2 loss of $0.69 per share, wider than consensus estimates for a loss of $0.64 per share. Revenues for the quarter rose 0.9% year-over-year to $130.2 million, missing consensus estimates of $13

By FNNO Staff
fnnonline@gmail.com

Deere Topped Q3 Estimates, Top Line Up 24%

Published on Wed, 08/17/2011 - 12:45
By FNNO Staff in General Interest, business, DE, FINANCE, Investing, news, trading, In The News

Samuel R. Allen, chairman and chief executive officer said, "Bolstered by yet another quarter of record results, John Deere remains on track for a year of exceptional achievement. Our success reflects strong demand for the company

Deere (NYSE:DE) reported Q3 EPS of $1.69, ahead of consensus estimates of $1.67 per share. Revenues for the quarter rose 24.1% year-over-year to $7.72 billion, topping consensus estimates of $7.54 billion.

By FNNO Staff
fnnonline@gmail.com

Unilife CEO to Purchase $1.0 Million in Company Shares

Published on Wed, 08/17/2011 - 12:34
By FNNO Staff in General Interest, business, FINANCE, Investing, news, trading, UNIS, In The News

Shortall advised the Board of Directors Unilife that he intends to purchase up to an additional $500,000 of the company's common stock between now and September 30.

In a statement, Shortall said, "I believe that this is an excellent time to purchase shares in Unilife, and to further align my own personal interests to that of my fellow shareholders.

Unilife Corporation (NASDAQ:UNIS) announced that its CEO, Alan Shortall, intends to purchase $500,000 in shares of the company common stock over the next week.

By FNNO Staff
fnnonline@gmail.com

Morgan Stanley Lowered Its PT For Dell To $14, Maintained Its UW Rating

Published on Wed, 08/17/2011 - 11:55
By FNNO Staff in General Interest, business, DELL, FINANCE, Investing, news, trading, In The News

The bank sees 2012 EPS of $1.94, up from $1.89 per share, and 2013 EPS of $1.70, up from $1.61 per share.

Dell has a potential upside of 28.5% based on a current price of $14.44 and an average consensus analyst price target of $18.56.

Morgan Stanley lowered its price target for Dell (NASDAQ:DELL) to $14 from $15 and maintained its underweight rating on the stock.

By FNNO Staff
fnnonline@gmail.com

Apple Store Is Down, Unclear What Issue Could Be

Published on Wed, 08/17/2011 - 11:52
By FNNO Staff in General Interest, AAPL, business, FINANCE, Investing, news, trading, In The News

Other sources have mentioned that sometimes when there are errors with the site, a new product or update is expected, but it is unclear what the issue could be today.

Apple has a potential upside of 31.5% based on a current price of $383.38 and an average consensus analyst price target of $504.15.

The Apple Store (NASDAQ:AAPL) is down this morning, failing to respond to requests from its own Web browser and causing an error message that tells potential visitors that the server isn't responding.

By FNNO Staff
fnnonline@gmail.com

Abercrombie & Fitch Asks Jersey Shore Members To Stop Wearing Their Clothes

Published on Wed, 08/17/2011 - 11:47
By FNNO Staff in General Interest, anf, business, FINANCE, Investing, news, trading, In The News

In a statement, the retailer said: "We are deeply concerned that Mr. Sorrentino's association with our brand could cause significant damage to our image. We understand that the show is for entertainment purposes, but believe this

Abercrombie & Fitch (NYSE:ANF) is asking MTV's Jersey Shore cast member Mike Sorrentinto also known as "The Situation" to stop wearing their clothes.

By FNNO Staff
fnnonline@gmail.com

Morgan Stanley Downgraded Digital River To UW From EW

Published on Wed, 08/17/2011 - 09:56
By FNNO Staff in General Interest, business, DRIV, FINANCE, Investing, news, trading, In The News

Digital River has a potential upside of 50.6% based on a current price of $21.04 and an average consensus analyst price target of $31.68.

Digital River is currently below its 50-day moving average (MA) of $29.36 and below its 200-day MA of $33.52.

Morgan Stanley downgraded Digital River (NASDAQ:DRIV) to underweight from equal-weight, with a $22 price target.

By FNNO Staff
fnnonline@gmail.com

Rovi, Ford to Collaborate on Digital TV Advertising Program

Published on Wed, 08/17/2011 - 09:56
By FNNO Staff in General Interest, F, rovi, business, finance, ford, investing, news, rovi corporation, trading, News Update

Jeff Siegel, senior vice president of advertising at Rovi Corporation said, "We are thrilled to expand our relationship with Ford and work closely with innovative and forward-thinking brands like Ford and Lincoln to help us contin

business, finance, ford, investing, news, rovi corporation, trading

Rovi Corporation (NASDAQ:ROVI) announced that it is collaborating with Ford (NYSE:F) on a comprehensive digital TV advertising program across the Rovi Advertising.

By FNNO Staff
fnnonline@gmail.com

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