U.S. EQUITY PREVIEW: AAPL, BMY, ETP, GOOGL, GRPN, MDLZ, SUNE
(Bloomberg) -- U.S. markets are closed Monday for the Presidents Day holiday. Stocks that may move Tuesday following news the past weekend:
- Advanced Micro Devices (AMD): Brigade Capital Mgmt CIO Don Morgan sees opportunities in high-yield bond mkt, likes AMD, CNX, LNG notes
- Alphabet (GOOGL): Barron’s notes Hartford’s Challey favors GOOGL, BMY, CB
- American Airlines Group (AAL): Barron’s says AllianceBernstein CIO Masters likes AAL, CCL, DAL, EMN, LYB, NCLH for increased profit margins from lower oil prices
- Apple (AAPL): ZDNet reports co. plans to open first offshore tech center in India
- Baxter Intl (BAX): Starboard reports increased stakes in BAX, M, MEG; new stakes in NYRT, CI, LNCE
- Boeing (BA): Boeing near decision to self-fund more F/A-18 Fighters: Reuters
- Bristol-Myers Squibb (BMY): Barron’s sees 25% updside
- Core-Mark (CORE): Barron’s says overvalued, expects increased competition from WMT, DG, DLTR
- C.R. Bard (BCR): Discloses investigative subpoena from DOD in 10-K
- Cubic Corp. (CUB): Barron’s says selloff is buying opportunity
- Dell (DELL): NTT Data said to be in lead to buy Dell’s Perot Systems: Rtrs
- EMC Corp. (EMC): Baupost reports new stake
- Energy Transfer Partners (ETP): Appaloosa, Perry report new stakes
- Freeport-McMoRan (FCX): Cut to junk at S&P
- Gilead Sciences (GILD): FDA approves Harvoni for use for Hepatitis C Virus Genotype 1
- Groupon (GRPN): BABA 4th largest holder w/ 5.6% stake
- Incyte (INCY): Granted FDA orphan drug status for Epacadostat
- KeyCorp (KEY): Barron’s sees 30% upside in next yr
- Mondelez Intl (MDLZ): Sunday Times reports co.’s cheese, grocery unit up for sale next month
- NYX Gaming (NYX CN): Telegraph reports William Hill said to provide finl backing for NYX Gaming in GBP300m bid for OpenBet
- Pfizer (PFE): Canada unit voluntarily recalls some lots of Advil pediatric products
- Phillips 66 (PSX US): Berkshire Hathaway buys 1.08m shrs
- SunEdison (SUNE): Closed at lowest since 2001
- Under Armour (UA): Barron’s says CEO Plank seeks to boost rev. outside N.A.
- USG Corp (USG): Appaloosa exits stake
Alert:
HALISTER1Source: BFW (Bloomberg First Word)
People Donald Morgan (Brigade Capital Management LP)
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