Citigroup LOSES Activist Investor and 2 Hot Morning Stocks on the Radar

Mellanox (NASDAQ:MLNX) reported an excellent Q2 beat and shares have taken out their lifetime high after rising 54.5 percent post the bell. There could be a reflector glow on Oracle (NASDAQ:ORCL) as the value of its 9.8 percent stake in Mellanox appreciates $141 million and points to better sales for Oracle’s high-end Exadata and Exalogic systems, which contain Mellanox’s InfiniBand adapters.

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Activist investor Bill Ackman’s Pershing Square hedge fund switches completely out of Citigroup (NYSE:C) and into more of Procter & Gamble (NYSE:PG); Ackman reveals to the audience at CNBC’s Delivering Alpha conference the fund owns $1.8 billion in PG stock and that “We’re going to take a hard look to see if we can add any value” in taking an activist role with PG.

Strategy Analytics forecasts a slow opening for Windows Phone saying it could garner only a 4 percent market share in the 123 million smartphones expected to sell in the U.S. this year. A lot rides on this OS for both Microsoft (NASDAQ:MSFT) and Nokia (NYSE:NOK) – who are hoping the launch in fall of Windows Phone 8 along with Nokia’s new devices would mark a strong opening for the OS in Q4, and improve on its dismal 1.7 percent of  Q2 smartphone sales estimated by Nielsen.

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