Bank of America, Cisco, Intel, UnitedHealth Among High Demand Shares March 16th
Bank of America Corp (NYSE:BAC): On Friday, Bank of America overall option implied volatility of 40 was below its 26-week average of 57 according to Track Data, suggesting decreasing price movement.
Cisco Systems, Inc. (NASDAQ:CSCO): After Cisco agreed to acquire NDS Group for about $5B, Wells Fargo believes that the deal provides Cisco with attractive video assets that should improve the company’s offerings in this area. The firm maintains an Outperform rating on the stock.
Intel Corporation (NASDAQ:INTC): With Intel’s Thunderbolt switching over to optical cables by the end of 2012, its adoption is likely to increase to the point of becoming a standard connection specification for PCs and related products by 2013, according to Digitimes.
UnitedHealth (NYSE:UNH): UnitedHealth Military & Veterans Services is being awarded a contract that is primarily cost-plus-fixed-fee to provide managed care support to the Department of Defense TRICARE Program. The instant obligation on the award is $10M. The total potential contract value, including the approximate 10-month base period and five one-year option periods for health care delivery, plus a transition-out period, is estimated at $20.46B.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.
To contact the reporter on this story: Derek Hoffman at firstname.lastname@example.org
To contact the editor responsible for this story: Damien Hoffman at email@example.com