Morning News: Pfizer, Herbalife, Sprint, Express Scripts, Best Buy, Dell

  Morning Market Update  Stocks that are expected to trade actively in U.S. markets on Tuesday include: Herbalife Ltd. (NYSE:HLF), Pfizer Inc. (NYSE:PFE), Sprint Nextel Corporation (NYSE:S), Express Scripts Holding Company (NASDAQ:ESRX), Best Buy Co., Inc. (NYSE:BBY), Hartford Financial Services Group Inc (NYSE:HIG), Dell Inc. (NASDAQ:DELL), Sturm, Ruger & Company (NYSE:RGR),...

French Debt Eyed By Hedge Fund Shortsellers

In the European Union, France is pitched as the weakest link by several investors. Not only is the economy weakening but the public is also gradually losing confidence in the French government. France's debt situation is more dire than both Italy and Spain and this has led to a...

Sallie Krawcheck: Sanford Bernstein Most Female Friendly Firm

Former Bank of America Wealth Management President Sallie Krawcheck spoke with FOX Business Network’s (FBN) Liz Claman about the United States economy and its weaknesses. Sallie Krawcheck said that “money funds remain a vulnerability.” When asked whether we have resolved “too big to fail” and what would happen if JPMorgan...

Country PE Ratios: The Cheapest in the World

Where to find value? Just as any real value investor knows that companies which have lower valuation metrics on average far outperform the S&P 500, so too countries which are cheaper outperform those which are more expensive. So which countries have the cheapest valuations? By a long shot based on PE...

Nasdaq OMX Plans Launch Of ETP Trading Platform

Nasdaq OMX Group, Inc. (NASDAQ:NDAQ) has announced plans to launch a platform that will allow investors to trade exchange traded products, or ETPs. The company is in the middle of a diversification of its revenue streams right now, after the company's first quarter suffered from its disastrous handling of...

J.C. Penney Attracts More Mega Hedge Funds [REPORT]

It seems that Bill Ackman has hit the second quarter on a lucky note. After George Soros disclosed a large passive stake in J.C. Penney Company, Inc. (NYSE:JCP), NYPost's sources are reporting that there are other billion-dollar hedge fund investors who have also jumped aboard on the J.C. Penney...

KKR's First Data Turns to JPMorgan Chase for Mr Fix It

Frank J. Bisignano, co-chief operating officer of JPMorgan Chase & Co. (NYSE:JPM) leaves to become chief executive of First Data Corporation. For the past eight years, Frank Bisignano has been Mr Fit-It at JPMorgan Chase & Co. (NYSE:JPM). Now he is all set to try playing that role as chief executive...

Prop Desk Regulation Leads to Opportunities in Fixed Income

Providence mortgage backed security (MBS) fund, which focuses on MBS arbitrage strategies, has returned 1.4 percent for March 2013 and 5.4 percent year to date. Interest rates in 2013 have been unchanged from year end as the U.S. Federal Reserve continues to buy longer dated Treasuries and low coupon...

Deutsche Bank To Sell 90 Million Shares To Raise €2.8bn

Deutsche Bank AG (ETR:DBK) (FRA:DBK) (NYSE:DB) has announced plans to sell 90 million units of common stock in a bid to raise €2.8 billion. The company revealed the news in a press release that can be found in its entirety at here. According to the official statement, the bank...

Mortgage REITs Regulatory Risk Not Fundamental

Mortgage REITs (mREITs) underperformed last week as fears of tighter regulation and spread compression weighed on the sector. The Financial Stability Oversight Council (FSOC) may cite mREITs as a source of market instability, and may have the instruments under greater regulatory scrutiny. This was expected by institutional investors and...

Moody’s and S&P Soar After Settling Mortgage Lawsuit

Two leading U.S. rating agencies settled their lawsuits sending their shares significantly higher in morning trading. Moody's Corporation (NYSE:MCO) shares were up 10.5 percent while Mcgraw-Hill Companies Inc (NYSE:MHP) that owns Standard & Poor’s Rating Services rose by 4.5 percent. Both the rating firms said they have settled two long-running lawsuits seeking...

Greece’s National Bank Shareholders Approve Recapitalization Plan

Greece’s largest lender, National Bank of Greece (ADR) (NYSE:NBG), on Monday approved a 9.75 billion euro ($12.7 billion) share offering. Greece’s top four lenders, including the National Bank of Greece (ADR) (NYSE:NBG), need 27.5 billion euros to replenish their capital after severe losses incurred during the country’s debt crisis. The...

WisdomTree Aims for $100B in AUM: Goldman Sees it in 2014

WisdomTree Investments, Inc. (NASDAQ:WETF) reported 1Q13 EPS in line with Street’s estimate. Both gross margin (71.6%) and operating margin (27%) came in above estimates. 1Q13 flows were +$5.9bn (11% of ETF industry flow share), driven by +$3.9 bn inflows into DXJ, while 2Q is also off to a strong start...

Santander Group's CEO Resigns

Alfredo Saenz, Chief Executive of the euro zone’s biggest banks, Banco Santander, S.A. (ADR) (NYSE:SAN) (MCE:SAN) resigned. Banco Santander, S.A. (ADR) (NYSE:SAN) (MCE:SAN) said Monday that its Chief Executive is stepping down, a move that may bring an end to a two-decade long legal battle. Last week, the Spanish bank reported that...

SoftBank Gives OK To Sprint To Explore Dish Offer

Sprint Nextel Corporation (NYSE:S) on Monday said Softbank Corp (TYO:9984) (PINK:SFTBF) gave a waiver for Sprint to seek more information from rival suitor DISH Network Corp. (NASDAQ:DISH). Two weeks ago, Dish sent shock waves to the markets with a counter-offer of $25.5 billion cash and stock for Sprint. DISH Network Corp....

Sourcefire: A Summary of Red Flags from Kerrisdale Capital

Sourcefire, Inc. (NASDAQ:FIRE): Short-Lived Upsell Opportunity has Concealed Decelerating Growth, Slowing Customer Adds, and the Market's Shift Away from IPS Disclosure: Kerrisdale Capital are short shares of FIRE. Please review the full disclosures at the end of of the report. Kerrisdale Capital believes that shares of Sourcefire Inc. (FIRE) are highly overvalued. Note...

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