Hot News : U.S. Bancorp (NYSE:USB), Celgene Corporation (NASDAQ:CELG), Education Management Corporation (NASDAQ:EDMC), FleetCor Technologies, Inc. (NYSE:FLT), Novartis AG (NYSE:NVS)

Technology Stocks News 2

On Oct 22, U.S. Bancorp (NYSE:USB) reported a slight increase in third-quarter profit as its revenue rose and it posted loan growth. The results were in line with analysts’ expectations. The Minneapolis-based bank said it earned a little more than $1.47 billion in the quarter, up from just under $1.47 billion a year earlier. On a per-share basis, the bank earned 78 cents, up from 76 cents. U.S. Bancorp (NYSE:USB) belongs to Financial sector. Its net profit margin is 45.50% and weekly performance is 3.83%. On last trading day company shares ended up $40.91. U.S. Bancorp (NYSE:USB) distance from 50-day simple moving average (SMA50) is -1.15%.

On Oct 23, Celgene Corporation (NASDAQ:CELG) reported third-quarter profit rose 37 percent on a double-digit rise in sales of its flagship multiple myeloma drug Revlimid, and the U.S. biotechnology company expressed great confidence in a closely-watched treatment for Crohn’s disease it recently acquired. Celgene Corporation (NASDAQ:CELG) shares advanced 2.83% in last trading session and ended the day at $103.24. CELG Gross Margin is 94.90% and its return on assets is 11.60%. Celgene Corporation (NASDAQ:CELG) quarterly performance is 17.80%.

On Oct. 23, Education Management Corporation (NASDAQ:EDMC) announced that it intends to voluntarily delist its common stock from The Nasdaq Global Select Market and to subsequently deregister its common stock under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). On 24 October, Education Management Corporation (NASDAQ:EDMC) shares decreased -46.09% and was closed at $0.62. EDMC EPS growth in last 5 year was -51.90%. Education Management Corporation (NASDAQ:EDMC) year to date (YTD) performance is -93.86%.

Morgan Stanley upgraded shares of FleetCor Technologies (NYSE:FLT) from an equal weight rating to an overweight rating in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm currently has $145.00 price target on the stock. FleetCor Technologies, Inc. (NYSE:FLT) ended the last trading day at $139.10. Company weekly volatility is calculated as 1.89% and price to cash ratio as 38.91. FleetCor Technologies, Inc. (NYSE:FLT) showed a weekly performance of 4.35%.

Swiss drug maker Novartis AG (NYSE:NVS) agreed Sunday to divest its influenza vaccines business to Australian specialty biopharmaceutical company CSL Ltd. (CSL.AX) in a deal valued at $275 million. The deal, which is subjects to regulatory approvals, is expected to close in the second half of 2015. Novartis AG (NYSE:NVS) belongs to Healthcare sector. Its net profit margin is 17.10% and weekly performance is 4.06%. On last trading day company shares ended up $90.15. Novartis AG (NYSE:NVS) distance from 50-day simple moving average (SMA50) is -0.94%.

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