6 Early Radar Movers: Cablevision Jumps 5%, Las Vegas Sands Clears Name and Nokia Considers Tablet
Shares of Cablevision Systems Corp. (NYSE:CVC) are surging nearly 5 percent this morning. Citigroup (NYSE:C) added the company to its top picks list. Citigroup also has a buy rating ont the stock, with a $21 price target.
After lowering its fiscal third-quarter sales guidance, shares of Xilinx Inc. (NASDAQ:XLNX) are down 1.5 percent in early trading. Last week, Intel Corp. (NASDAQ:INTC) warned its fourth quarter would fall short as well.
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Winn-Dixie Stores Inc. (NASDAQ:WINN) is surging 71 percent after grocery-store BI-LO LLC agreed to take the company private. BI-LO agreed to pay $9.50 a Winn-Dixie share in cash, a 75% premium to its Friday close. “With no overlap in our markets, the combined company will have a perfect geographic fit that will create a stronger platform from which to provide our customers great products at a great value, while continuing to offer exceptional service,” said BI-LO Chairman Randall Onstead.
Las Vegas Sands Corp. (NYSE:LVS) has received clearance on its Sands China Ltd. after an eight-month investigation. Las Vegas Sands announced in March that it was being investigated by U.S. authorities over its compliance with the Foreign Corrupt Practices Act, which prohibits U.S. companies from bribing foreign officials to obtain special treatment. Shares are up nearly 3 percent. Other casino stocks such as Wynn Resorts Ltd. (NASDAQ:WYNN) and MGM Resorts International (NYSE:MGM) are also trading higher.
Ford Motor Co. (NYSE:F) is expected to display a new vehicle at the India car show in New Delhi. Ford explained that the new vehicle is designed to help expand Ford’s footprint in the world’s fastest-growing auto markets. Shares are up .50% in early trading.
Despite Apple (NASDAQ:AAPL) and Amazon (NASDAQ:AMZN) dominating the tablet market, Nokia Corp. (NYSE:NOK) is studying the market for a potential entry. “Nokia does not have an exact plan, but we are studying the markets carefully. Perhaps we will come [to market] one day,” Elop said in a televised interview on Finnish public broadcaster YLE.
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