JPMorgan Chase & Co. (NYSE:JPM): Current price $56.29
A knowledgeable source says that JPMorgan’s commodity trading division would like to sell more of the electricity arrangements it has with domestic power plants and wind farms, at a time when Wall Street’s involvement in physical commodity markets is being looked at more robustly. Detailed regulatory filings indicate that power tolling and marketing deals cover sufficient amounts of electricity to light Indiana’s 2.8 million homes, and include close to 3,000 megawatts of power generation, spanning nine states. However, it is unclear if formal discussions have been held with possible buyers for the agreements, which permit the firm to purchase fuel and sell power on behalf of the facilities.
Verizon Communications Inc. (NYSE:VZ): Current price $50.71
Verizon will pay the NFL $1 billion over four years starting in 2014, to broadcast football games on wireless devices. The agreement is worth 40 percent more than the company’s current accord with the league, and affords Verizon expanded coverage through the addition of Sunday games broadcast by Fox and CBS.
E.I. du Pont de Nemours & Co. (NYSE:DD): Current price $57.50
Presently, DuPont is examining options for one of its more volatile units, which manufactures titanium dioxide pigment and Teflon coatings. While the firm says that spinning off or divesting the business that brings $7.2 billion in revenue might raise returns for investors, analysts calculate the chemical company’s value in a breakup at $59.25 per share, according to the average of 12 sum-of-the-parts estimates gathered by Bloomberg. That’s only 3.6 percent more than its price prior to the announcement made on July 23. Analyst Edward Yang at Oppenheimer Holdings Inc., who values DuPont at $62 per share in a split, said that “Investors see ‘strategic alternatives’ and get very excited, but when you run the numbers, much of the upside is already priced in. There’s also some risk to constantly reshuffling the portfolio.”
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