Word is that NewsCorp. (NWS) will announce on Thursday that they will split the company into multiple units in an effort to free up value to investors.
Tuesday, June 26, 2012
Las Vegas Sands, Wynn weakness creates buying opporutnity, says JPMorgan
After stocks with exposure to Macau fell following changes to Chinese visa and overseas credit card purchase rules, JPMorgan contends that the stocks' weakness creates a buying opportunity. The firm thinks that the increase in visa application time is likely to be temporary, while the card limit adjustment is not new news. JPMorgan believes that Las Vegas Sands and Wynn Resorts are attractive at current levels.
Fertilizer stocks climb as corn price hits highest level since November
Fertilizer stocks are advancing after the price of new corn rose 2% earlier today to hit its highest level since early November, according to Reuters. The gain in the price of corn came after the government reported greater than expected damage to corn crops yesterday. Corn rose by the maximum amount of 40c per bushel yesterday. Meanwhile, fertilizer makers may also be getting a lift from an upbeat note issued earlier today by research firm Macquarie. Fertilizer companies should be able to significantly increase their dividends, said the firm, which maintained Outperform ratings on Agrium (AGU), Mosaic (MOS) and Potash Corp (POT). All three of those stocks, along with CF Industries (CF), are rising significantly in early trading. :theflyonthewall
Coinstar (CSTR) acquisition positive, says B. Riley
After Coinstar agreed to buy NCR's DVD kiosks (Blockbuster Express), B. Riley believes that the deal removes a major competitive threat from the market, drives penetration of key grocery partners and could help seed new international markets for Coinstar. The firm maintains a $115 target and Buy rating on Coinstar.
Research in Motion (RIMM) should report weaker than expected results, says Sterne Agee
Sterne Agee expects Research in Motion to report a slight miss for its May quarter. After conducting supply chain checks, the firm anticipates that the company will report a larger than anticipated operating loss for its August quarter, and it maintains a Neutral rating on the shares.
Booz Allen awarded $73.1M contract to support U.S. Department of Energy agency
Booz Allen Hamilton announced it has been awarded a Cost Plus Fixed Fee contract to support the U.S. Department of Energy, or DOE, Advanced Research Projects Agency - Energy. Booz Allen will provide ARPA-E with Scientific, Engineering, Technical, Professional, Financial, and Administrative assistance. The five year contract is valued at $73.1M.
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