Barclays PLC (NYSE:BCS) shares moved up after the appointment of Sir David Walker as a non-executive Director of Barclays effective September 1. He will replace Marcus Agius to take charge as Chairman effective November 1.
Last month, Agius unveiled his plan of resignation after the bank lost 290 million pounds in fines for attempting to manipulate the inter-bank loan rate. On the next day, Bob Diamond left his position as chief executive and a director of the company with immediate effect. The bank said Agius would depart as a director and as chairman effective October 31.
Two energy giants, TOTAL S.A. (NYSE:TOT) and ConocoPhillips (NYSE:COP) have recently been reiterated by the same rating firm. Analysts at TheStreet Ratings maintained their buy rating score of B- on the stock of ConocoPhillips. The rating firm cited visible strengths in multiple areas, including its attractive valuation levels, notable return on equity, expanding profit margins and largely solid balance sheet with reasonable debt levels by most measures.
Shares of TOTAL have been reiterated by TheStreet Ratings to a hold rating with a score of C+ citing similar strengths plus its revenue growth.
Fusion-IO, Inc. (NYSE:FIO) soared today after the storage drive maker provided strong growth forecast for next year on high demand, prompting at least four research firms to raise their price targets on the stock.
The company anticipates sales figures to rise in a range of 45 percent to 50 percent in fiscal 2013, which will turn out to be revenue in a range of $521 million to $539 million. JP Morgan Securities analyst Mark Moskowitz said in a note to clients that they predict the growth in core versus strategic revenue to be an important factor to monitor in terms of providing a more stable base of revenue over the long run.