10 Stocks Making Headlines This Morning

Sponsored by the Dr. Stoxx Options Letter

Here are the stocks making headlines this morning and moving in the market today because of this news (information supplied by CNBC.com)

United Healthcare – The stock was upgraded to "buy" from "hold" at Jefferies, saying membership growth at this and other publicly traded health care companies support a higher multiple.

Apple – Apple has recorded 1 million pre-orders for the new iWatch in the U.S., which was more than expected.  Watch customers will therefore have to wait longer than expected for delivery, with Apple having pushed back shipping times to May and June. A Bank of America report estimates Apple will ship about four million Apple Watches during the June quarter.

Pandora – Pandora is rising after a Wall Street Journal report said Pandora rival Spotify was near a deal to raise $400 million in a round that values it at $8.4 billion.

Hilton Worldwide – Evercore downgraded Hilton to "hold," citing valuation issues.

Netflix – UBS raised its rating on the stock to "buy" from "neutral," and boosted its price target to $565 from $370. UBS calls the current price an attractive entry point.

JetBlue – The airline reported a 9.2 percent increase in passenger traffic last month compared to a year earlier, on a 6.2 percent increase in capacity.

Symantec – The security software maker is exploring a sale of its Veritas software business, according to Dow Jones. The unit could reportedly fetch more than $8 billion in a sale.

Yahoo – Yahoo senior vice president Mike Kerns has departed, with Re/Code's Kara Swisher reporting that Kerns had become weary of infighting with other executives.

Qualcomm – Qualcomm will be urged to seek a breakup by activist investor Jana Partners, according to the Wall Street Journal. The paper said Jana will deliver a letter to Jana investors today detailing its proposals for the chip maker, which it considers undervalued.

United Parcel Service – UPS plans to invest a little over $1 billion to expand its European package delivery network, according to a German magazine.

Posted to Dr. Stoxx Options Letter on Apr 13, 2015 — 8:04 AM
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