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danielwilkinson

Stock Analysis 01st-2nd (June)

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Lenovo maintained its leadership position with a 20.5 percent share despite shipments slipping 2.2 percent. HP was a close second with a 19.1 percent share and boasting 1.8 percent growth in shipments. Dell commanded 15.2 percent of the total market by virtue of its 3.1 percent shipment growth. Apple had to be content with the fifth spot after Asus, with a 7.1 percent share and shipment decline of 4.9 percent.

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Cree (CREE) announced an agreement to sell its Wolfspeed Power and RF division to Infineon Technologies (IFX) for $850 million in cash. The company also announced preliminary fourth quarter results, expecting revenues at the upper end of its target range of $388 million, which is ahead of the consensus estimate. Omnicom (OMC) reported better than expected second quarter results.

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Yum! Brands (YUM -0.57%) climbed over 3% in pre-market trading after it reported Q2 adjusted EPS of 75 cents, better than consensus of 74 cents, and then forecast operating profit growth this year up "at least" 14%, higher than an April view of up 12%.

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Bank of America (BAC) reported better than expected second quarter results. Hasbro (HAS) also reported above-consensus results for its second quarter. Ryder ® announced a 3 cents per share increase in its cash dividend to 44 cents per share.

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KeyCorp. (KEY) announced it has received regulatory approval from the Federal Reserve for completing its previously announced acquisition of First Niagara Financial Group (FNFG). The merger is expected to be completed on or about August 1st, 2016.

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