Rumors And Earnings Moving These Stocks
Net neutrality rules are now a concern for companies, and there are now growing fears that certain proposed mergers may not pass regulatory scrutiny, with President Obama pushing for a "fair Internet".
Michael Kors handbags outlet With the uncertainty this has all of a sudden thrown into the market, AT (NYSE:T) is now halting capital expenditures related to its fiber network in 100 cities across the country, until it can get further details on how this would impact its ability to recoup its investment.
Markets are taking a breather today, but there are various positive news items out there which this bull market can build upon. While many will be talking about the bank settlements today, we think investors should instead focus upon the mergers
fake Michael kors handbags outlet among
cheap Michael kors handbags outlet the regional banks.
Chart of the Day:Japanese officials are doing everything in their power to boost asset prices and get the animal spirits to come out within their markets. The latest moves appear to be working on some levels, but we do worry about the effectiveness of these monetary reforms without true economic reforms. If tax reform or some of the other rumored reforms are passed, we would become much more bullish on Japan. EST): Est.: 0.2% Act: 0.3%The Asian markets are mixed today:
All Ordinaries down 0.98%Shanghai Composite
cheap Michael Kors handbags outlet up 1.00%Nikkei 225 up 0.43%NZSE 50 down 0.05%Seoul Composite up 0.22%In Europe, the markets are lower this morning:
CAC 40 down 1.13%DAX down 1.32%FTSE 100 down 0.15%OSE down 0.77%BB Continues Its Shopping SpreeBB Corp. (NYSE:BBT) has announced its second merger for 2014, with the
Michael kors handbags outlet goal of expanding its geographical footprint outside of the southeast. The $2.5 billion merger with Susquehanna (NASDAQ:SUSQ) is aimed at creating a platform for BB to expand into the Mid Atlantic region.
The deal is to be paid for with cash and stock. BB will pay $4.05/share in cash and 0.253 shares of its own stock for each share of Susquehanna. BB expects to spend $250 million on the deal, but sees annual cost savings of $160 million. With the pace of deals from BB and the serial acquirers who have said that
discount Michael Kors they will be back in the market next year, we could see a lot of fireworks in the small to mid sized banks as consolidation in the industry continues to ramp up.
Ackman Targets ZoetisNews broke yesterday that Bill Ackman had amassed a 10% stake
cheap Michael Kors handbags outlet in animal health company Zoetis (NYSE:ZTS). Zoetis, previously spun off by Pfizer (NYSE:PFE), is the leading animal health company,
wholesale Michael Kors handbags outlet and sports strong financials; which has many believing that the Ackman led group will try to force Zoetis to sell itself to Valeant Pharmaceuticals (NYSE:VRX), should Valeant’s efforts elsewhere fail.
According to reports, Ackman’s Pershing Square is set to announce that it owns roughly 8.5% of Zoetis, with Scott Ferguson’s Sachem Head owning the difference of roughly 1.5%. Shares of Zoetis were up on the news.
Fossil Up Strongly On Quarterly ResultsShares in Fossil (NASDAQ:FOSL) are moving higher on the company’s strong beat and license renewal with Michael Kors (NYSE:KORS). The company announced that it renewed its global licensing agreement with Michael Kors for another 10 years, which should continue to benefit both companies.
While the company did offer guidance below analysts’ estimates for both EPS and revenues, the reported EPS of $1.96 this quarter blew away the estimate of $1.82/share. Revenues of $894.5 million were also well above analysts’ estimates of $877.39 million, with both North America and Europe posting strong wholesale sales. Fossil also announced a $1 billion share buyback.Articles Connexes：