TriQuint: $6 Smart Phone Supplier Garners Interest From Activist Fund [View article]
TriQuint (TQNT +2.7%) announces a $75M stock buyback program; it's good for repurchasing 7.6% of shares at current levels. The news is helping the RF component maker hit new 52-week highs; shares are still well below late 2010/early 2011 levels.
Pick Up This Fast Growing Internet Content Provider On The Cheap After Reporting Glitch [View article]
In addition to taking a 4.2% stake in Zynga, Barry Rosenstein's Jana Partners bought 21.9M shares of Groupon (GRPN +6.4%), which is good for a 3.3% stake in the company. Jana has also bought 2M shares of InterActiveCorp (IACI +1.1%), which amounts to a 2.4% stake. Tiger Global, George Soros, and Paul Tudor Jones have disclosed positions in Groupon in the past
10 Reasons I Bought This $1.30 Lottery Ticket From The Energy Sector [View article]
Cal Dive International (DVR) looks set for a banner session as shares rise 22.42% premarket after the company says it has won two new contracts from Pemex worth $188M. Around 55% of the contracts will be performed this year, the company says. (
Zynga: A 'Dead' Stock Making A Big Move [View article]
Barry Rosenstein's Jana Partners discloses it bought 25.5M Zynga (ZNGA +8.2%) shares in Q1. That's good for a 4.2% stake in the social gaming leader, which is shooting higher on the news.
Macy's Is A Buy Going Into Earnings [View article]
More on Macy's (M): Comparable sales climbed 3.8% Y/Y during Q1 including online sales. Gross margin flat during the period, while SG&A expenses as a percentage of sales dropped 40 bps to 32%. For the full year, Macy's expects comparable sales to grow by 3.5% and EPS to fall in a range of $3.90 to $3.95. The retailer raised its quarterly dividend by a nickel to $0.25/share and hiked its share repurchase authorization by $1.5B.
Bulls Are Too Confident: Play Macy's Safe [View article]
Shares of Macy's (M) gain 1.5% premarket after the retailer delivered a narrow profit beat for Q1. Though the retailer didn't break it down, it appears online and mobile channels may have helped it pull through the late start to the spring selling season in better shape than department stores rivals
Chevron (CVX) will become the first major oil company to partner with YPF to develop shale oil, and a final $1.5B deal is expected in July, YPF says. YPF CEO Miguel Galuccio and CVX Latin America chief Ali Moshiri visited the Patagonia shale formation yesterday, and Moshiri is said to have been “surprised” with the advanced state of YPF exploration projects.
Macy's Is A Buy Going Into Earnings [View article]
Some nice shareholder friendly moves by Macy's (M) this morning. It is raising its dividend 25% and the shares will now yield north of 2%. The board also increased share repurchase authorization by $1.5B, bringing the total share repurchase program to approximately $2.6B.
Bulls Are Too Confident: Play Macy's Safe [View article]
Macy’s (M) declares $0.25/share quarterly dividend, 25% increase from prior dividend of $0.20. Forward yield 2.11%. For shareholders of record June 14. Payable July 01. Ex-div date June 12. The board increased share repurchase authorization by $1.5B, bringing the total share repurchase program to approx. $2.6B as of 04 May
Iceberg Alert: Europe Will Take Center Stage Again In The Second Quarter [View article]
France slid into recession during Q1 as the French economy contracts 0.2% Q/Q after shrinking by the same amount in Q4. With unemployment at record levels and President François Hollande's popularity at all-time lows, the country faces an uphill battle to right the ship as it struggles to bring its deficit in line with the EU-mandated 3%, while simultaneously restoring growth. Economists see the French economy contracting by 0.2% for the full year and a survey of French citizens shows just 11% believe Hollande can bring down the jobless rate by year's end.
Iceberg Alert: Europe Will Take Center Stage Again In The Second Quarter [View article]
More on Germany Q1 GDP: Slight 0.1% expansion during the quarter falls short of economists' expectations as harsh winter weather, falling exports, and lackluster investment take their toll. Germany's statistics office also revises down its GDP data for Q4, saying the economy shrank by 0.7% during the period, more than the 0.6% contraction previously reported.
Morgan Stanley: The Play Off Pandit's Departure [View article]
Morgan Stanley's (MS) price target is lifted to $36 from $30 by Mike Mayo following yesterday's annual meeting in which Mayo was able to draw from Jamie Gorman his hope for a return to 10% ROE by 2014 Q1. "The new explicit time frame for consolidated ROE allows investors to keep the pressure on," writes Mayo, noting other board members "are on the same page" about ROE's importance.
2 High Yielding Refiners To Buy Here [View article]
TriQuint: $6 Smart Phone Supplier Garners Interest From Activist Fund [View article]
Microsoft Is Breaking Out [View article]
Pick Up This Fast Growing Internet Content Provider On The Cheap After Reporting Glitch [View article]
10 Reasons I Bought This $1.30 Lottery Ticket From The Energy Sector [View article]
Zynga: A 'Dead' Stock Making A Big Move [View article]
Macy's Is A Buy Going Into Earnings [View article]
Bulls Are Too Confident: Play Macy's Safe [View article]
Chevron Delivers [View article]
Apache: This Cheap Energy Stock Is Ready To Move Higher [View article]
Macy's Is A Buy Going Into Earnings [View article]
Bulls Are Too Confident: Play Macy's Safe [View article]
Iceberg Alert: Europe Will Take Center Stage Again In The Second Quarter [View article]
Iceberg Alert: Europe Will Take Center Stage Again In The Second Quarter [View article]
Morgan Stanley: The Play Off Pandit's Departure [View article]