3 Notable Stocks in Focus- EMC (NYSE:EMC), Staples, (NASDAQ:SPLS), MGIC Investment (NYSE:MTG)

On Thursday, Shares of EMC Corporation (NYSE:EMC), gained 2.55% to $27.80. 24.50 million shares of the company were exchanged.

Before assisting spur a record-breaking technology merger between Dell and EMC, hedge fund Elliott Administration was best known for its hardball investing tactics, such as seizing an Argentine navy ship as payback for debts it was owed, according to USA TODAY.

But Elliotts role in securing EMC shareholders a record $67 billion price tag without so much as raising its voice could assist revamp the $27 billion hedge funds image at a time when activist investors who push for changes to boost stocks are tripping over themselves to prove they can be team players.

On Monday, Elliott emerged victorious when EMC declared plans to merge with Dell in a deal $67 billion deal that Elliott supported. All it seemingly took was a 2.2% stake and a letter from Elliotts portfolio manager, Jesse Cohn, that identified problems he said could be resolved by EMC spinning off assets or pursuing a merger.

The process took more than a year, but the sheer lack of drama in the meantime was notable for a hedge fund firm whose high-profile tussles have left it and its billionaire founder, Paul Singer, with reputations as cutthroat, no-holds-barred adversaries. USA TODAY Reports

The stock is down -5.25% in this year through last close, and the beta ratio has a value of 1.60. The stock, as of recent close, has shown weekly upbeat performance of 2.24% which was maintained at 12.34% in 1-month period.

EMC Corporation develops, delivers, and supports information infrastructure and virtual infrastructure technologies, solutions, and services. It offers enterprise storage systems and software deployed in storage area networks (SAN), networked attached storage (NAS), unified storage combining NAS and SAN, object storage, and/or direct attached storage environments, in addition to provides a portfolio of backup products that support a range of enterprise application workloads.

Shares of Staples, Inc. (NASDAQ:SPLS), declined -0.08% to $12.54, during its last trading session.

Staples, Inc. (SPLS) declared that the company’s Board of Directors has adopted a policy that limits severance benefits for senior executives. Based on the terms of the new policy, the company will not pay any severance benefits under any existing or future employment agreement or severance agreement with an executive officer that exceeds 2.99 times the sum of the executive’s base salary plus target annual cash incentive award, without seeking shareholder approval. In addition, Ron Sargent, Chairman and Chief Executive Officer, has elected to amend his severance agreement to align with the terms of the new policy.

“Our Board is committed to responding to shareholder feedback and ensuring that the company’s executive compensation program aligns with best practices,” said Paul Walsh, Chair of the Compensation Committee. “This new policy is in the best interests of Staples’ shareholders.”

At the company’s Meeting of Shareholders in June 2015, a shareholder proposal regarding future senior executive severance agreements received support from a majority of votes cast. The Board carefully considered the results of the vote, in addition to various perspectives conveyed directly by shareholders as part of ongoing engagement. As a result, the Board adopted a policy that is applicable to existing and future agreements.

Staples, Inc., together with its auxiliaries, operates office products superstores. It operates through three segments: North American Stores & Online, North American Commercial, and International Operations.

At the end of Thursday’s trade, Shares of MGIC Investment Corp. (NYSE:MTG), inclined 3.96% to $9.97.

MGIC Investment Corporation ( MTG) stated operating and financial results for the quarter ended September 30, 2015.

Net income for the quarter ended September 30, 2015 was $822.9 million, or $1.78 per diluted share, counting $698.1 million regarding the reversal of the Companys deferred tax asset valuation allowance. Not Taking Into Account the impact of the deferred tax asset valuation allowance reversal, adjusted net income for the quarter ended September 30, 2015, would have been $124.7 million, or $0.29 per diluted share, contrast with net income of $72.0 million, or $0.18 per diluted share, for the same quarter a year ago.

The valuation allowance related to deferred tax assets was reversed based on the evaluation of the ability to ultimately utilize those assets. The reversal of the valuation allowance raised book value per share by $2.23 in the third quarter.

MGIC Investment Corporation, through its auxiliaries, provides private mortgage insurance and ancillary services to lenders and government sponsored entities in the United States.

DISCLAIMER:

This article is published by www.stocksnewswire.com. The content included in this article is just for informational purposes only. Stocksnewswire.com takes sensible consideration to ensure that the data given in this article is up to date and accurate. The news, prices, opinions, research, analysis, and other information published in this article are obtained from sources believed to be reliable.

Neither Stocksnewswire.com nor any of Stocksnewswire.com partners make any representation or guarantee as to the fulfillment or precision of the information contained in this article.

Investors must consult their own additional due diligence with any potential investment or highlighted company before making any decision on behalf of information offered by Stocksnewswire.com.

Information contained in this article may contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long-term; pricing pressures; etc.

Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward-looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.

About Travis Garlick 1822 Articles
Been writing about and trading stocks since 2013. Manage a group of micro-cap investors on Facebook with over 15,000 members. Turned $8,500 into 185k the first year I started trading stocks and haven't looked back.