US futures down at this hour with oil and energy stocks getting crushed after a decision yesterday from OPEC to maintain its production target sent oil prices collapsing. With a 1 PM EST closing, this is an historically low volume day today on the US market with nothing on the economic calendar
NEWS:
PFE:AZN:Pfizer's attempt to gain control of AstraZeneca through a £69.4B ($110B) takeover bid in May would have collapsed on changes to U.S. tax inversion laws, announced Astrazeneca's chief exec, cooling off speculation of another bid for the U.K. pharmaceutical company
RIO:After years of heavy spending, Rio Tinto says it is committing to give significantly more money back to shareholders in 2015 despite a sharp slide in iron-ore prices
AMZN: Thanksgiving online shopping +18.6%, led by Amazon
AMZN: Amazon launches marketplace for service providers
EBAY: monthly users drops to 3 year low
BABA: Foxconn to cooperate with Alibaba, 21 Vianet to set up Wi-Fi network in southwestern China, reports DigiTimes
CREE: LEDS: API: Digitimes reporting that global LED lighting production value in 2015 to grow 30%, say Taiwan makers
VMW: VMware tying up with China Telecom to offer hybrid cloud services, reports Digitimes
MU: SNDK: DRAM market to grow 34% in 2014, says JP Morgan
LMT: The DoD has awarded Lockheed Martin three contracts with a total value of $626.3M
NVS: The European Medicines Agency's CHMP grants accelerated assessment to Novartis' LCZ696, an investigational drug for the treatment of heart failure with reduced ejection fraction
NVS: Italian drug regulator suspends two batches of Novartis flu vaccine after deaths
UPGRADES & DOWNGRADES:
AMZN: pt raised from $350 to $400: Piper Jaffray
WGL: pt raised from $48 to $52: Brean Capital
SBUX: pt raised from $90 to $100: Piper Jaffray
CTRP: downgrade: overweight to equal weight: Morgan Stanley: $57
CTRP: downgrade: overweight to neutral: JP Morgan: $57
No comments:
Post a Comment