Market Overview

Early Global News: Final Draft Of Global Climate Change Deal, China's Retail Sales Up, Bridgestone To Acquire Pep Boys


The following news brief was curated by Early Global News. Here are some of Saturday's hottest stories.

  • Final Draft of Global Climate Change Deal Is Complete: 195 nations on global warming [WSJ]
  • Oaktree Capital Group LLC (NYSE: OAK), Covanta Holding Corp (NYSE: CVA), FMC Corp (NYSE: FMC), Equity Commonwealth (NYSE: EQC), Tribune Media Co (NYSE: TRCO), HRG Group Inc (NYSE: HRG), Energizer Holdings Inc (NYSE: ENR), Actuant Corporation (NYSE: ATU), Kearny Financial Corp (NASDAQ: KRNY), Carmike Cinemas, Inc. (NASDAQ: CKEC) – Our 10 Favorite Small- and Mid-Cap Stocks for 2016: Oaktree Capital and Covanta could increase 50% within the next year and a half; Carmike and HRG have 40% upside [Barron's]
  • Apple Inc. (NASDAQ: AAPL) Why Apple Can Jump 30%: A few analysts, with price goals between $145 and $150, argue that Apple is greatly undervalued. We agree and enjoy the dividend also [Barron's]
  • Atmel Corporation (NASDAQ: ATML): Atmel Gets Hostile Buyout Offer [Press Release]
  • Pep Boys-Manny Moe and Jack (NYSE: PBY), Bridgestone Corp (ADR) (OTC: BRDCY): Bridgestone Inks Deal to Acquire Pep Boys for $863M [AP]
  • ChipMOS Technologies (Bermuda) Ltd (NASDAQ: IMOS: Siliconware Precision and Tsinghua Unigroup enter into a strategic alliance agreement and share subscription agreement [Press Release]
  • Siliconware Precision Industries (ADR) (NASDAQ: SPIL): Siliconware Precision Industries Co., Ltd. Forms a Strategic Alliance with Tsinghua Unigroup Ltd. [Press Release]
  • Digicel Group Ltd (NYSE: DCEL): Digicel acquires majority stake in Jamaican payments firm [Irish Independent]
  • Muenchener Rueckversicherungs-Ges.AG-ADR (OTC: MURGY): Warren Buffett cuts Munich Re stake to below 5 percent [Reuters]
  • Smith & Wesson Holding Corp (NASDAQ: SWHC), Sturm, Ruger & Company (NYSE: RGR) (not mentioned): Concealed-Carry Weapon Requests Jump [WSJ]
  • Northrop Grumman Corporation (NYSE: NOC): US Air Force reveals $3bn drone expansion plan [RT News]
  • MediciNova, Inc. (NASDAQ: MNOV): Deaths from heroin overdoses surged in 2014 [Washington Post]
  • KaloBios Pharmaceuticals Inc (NASDAQ: KBIO): Martin Shkreli's Latest Plan to Sharply Raise Drug Price Prompts Outcry [NY Times]
  • IMAX Corporation (USA) (NYSE: IMAX): Star Wars Director: IMAX Shots 'More Valuable Than Ever' [IGN]
  • Alibaba Group Holding Ltd (NYSE: BABA): China posts highest retail sales growth in November: China's retail sales of consumer goods increased 11.2% year on year in November, the highest monthly growth rate so far in 2015 [Xinhua]
  • GoPro Inc (NASDAQ: GPRO): Why rumors that Apple might acquire GoPro aren’t as crazy as you think [BGR]


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