Total System Service PROCESSING with BofA and 4 Stocks Leaping to 52-Week Highs
Skyworks Solutions (NASDAQ:SWKS): The semiconducter maker rallies following a report of stronger than expected results last night for Q3. According to Skyworks, it is gaining share in several markets, including automotive, avionics, and broadband communications. Mobile Internet service’s customer demand remains strong, and the move toward the cloud is accelerating, states Skyworks, adding that the trnds should boost the company for upcoming years. However, the macro economic slowdown has offered an Q earnings guidance per share of 50c-51c, compared to the 51c estimate. This morning, in a note to investors, Sterne Agee upgraded the business’ rating from Neutral to Buy. The firm thinks that the company is in the position to benefit from growing smartphone sales by Apple (NASDAQ:AAPL) and Samsung, ans ongoing cellular network upgrades. The firm set a $31 price target on the shares, which jumped $2.25, or 8.45%, to $28.89 in early trading.
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Syntel (NASDAQ:SYNT) sees its 2012 EPS $3.90-$4.00, consensus $3.60.The shares closed at $59.54, up $0.96 or 1.64% on the day. They have traded in a 52-week range of $38.10 to $63.48.
Total System Service (NYSE:TSS) has finalized a master services agreement, with a six-year term as a minimum,with Bank of America (NYSE:BAC) offering processing services for its customer credit card portfolios within the U.S. TSYS will keep processing Bank of America’s commercial credit card portfolios within the U.S. and internationally. The shares closed at $24.20, up $0.42 or 1.77% on the day. They have traded in a 52-week range of $15.80 to $24.40.
Time Warner Inc. (NYSE:TWX) “The Dark Knight Rises” as well as Sony’s (NYSE:SNE) “The Amazing Spider-Man” have been scheduled by China Film Group to open on August 30, which could diminish the box office earnings of both, which pushes Warner to lobby the state-owned group to delay the Batman sequel opening to September, according to the Los Angeles Times, who cited sources familiar with the Chinese movie market. The shares closed at $39.14, up $0.22 or 0.57% on the day. They have traded in a 52-week range of $27.62 to $39.24.
Union Pacific Corp. (NYSE:UNP) has reported Q2 Automotive Freight revenue at $475 million, Industrial Products revenue is at $917 million, and Q2 Intermodal Freight revenue is at $1 billion. The shares closed at $122.77, up $4.17 or 3.52% on the day. They have traded in a 52-week range of $77.73 to $119.94.
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