Hot Watch List – Sprint Corporation (NYSE:S) , Baidu (NASDAQ:BIDU) , CXP, Commscope (NASDAQ:COMM) , Louisiana-Pacific (NYSE:LPX)

Technology Stocks News 19

Sprint Corporation (NYSE:S) and T-Mobile US Inc. are working on a plan to raise roughly $10 billion to spend in an auction of wireless airwaves, people familiar with the matter said. The companies, which have been discussing a possible merger since last year, are planning to form a joint venture that will bid in a 2015 auction of airwaves held by television. Sprint Corporation (NYSE:S) stock performance was -2.91% in last session and finished the day at $7.67. Traded volume was 12.64million shares in the last session and the average volume of the stock remained 14.18million shares. Sprint Corporation (NYSE:S) insider ownership is 0.30%.

Baidu Inc (NASDAQ:BIDU) was upgraded by equities researchers at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research report issued on Monday, TheFlyOnTheWall.com reports. The firm currently has a $239.30 price target on the stock, up from their previous price target of $196.30. Morgan Stanley’s price target points to a potential upside of 25.18% from the stock’s previous close. Baidu Inc (ADR) (NASDAQ:BIDU) rose 3.43 percent to $197.72 Monday on volume of 5.32million shares. The intra-day range of the stock was $193.00 to $199.09. Baidu Inc (ADR) (NASDAQ:BIDU) has a market capitalization of $69.28billion.

Columbia Property Trust Inc (NYSE:CXP) has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock. And for technical investors there is some hope when looking at CXP given that, according to its RSI reading of 26.87, it is now in oversold territory. Columbia Property Trust Inc (NYSE:CXP)’s stock on July 21, 2014 reported a decrease of -0.04% to the closing price of $26.08. Its fifty two weeks range is $21.76 -$29.59. The total market capitalization recorded $3.26billion. The overall volume in the last trading session was 323,373.00million shares. In its share capital, CXP has 124.97million outstanding shares.

CommScope Holding Company, Inc. (NASDAQ:COMM), a global provider of connectivity and essential infrastructure solutions for wireless, business enterprise and residential broadband networks, plans to participate in a fireside chat at the Wells Fargo 2014 Small Cell Symposium on Thursday, July 24 at 1:15 p.m. EDT. On Monday, shares of Commscope Holding Company Inc (NASDAQ:COMM) advanced 0.67% to close the day at $23.96. Company return on investment (ROI) is 7.60% and its monthly performance is recorded as 0.71%. Commscope Holding Company Inc (NASDAQ:COMM) quarterly revenue growth is -5.33%.

Louisiana-Pacific Corporation (NYSE:LPX) announced that Tyler Johnson, son of LP employee Heath and Lucinda Johnson, has been selected as a recipient of a 2014 LP Scholarship. The annual $1,500 award will be renewable for three additional years, for a total of $6,000 over a four-year period. Louisiana-Pacific Corporation (NYSE:LPX) stock performance was -0.57% in last session and finished the day at $13.91. Traded volume was 1.07million shares in the last session and the average volume of the stock remained 3.38million shares. The beta of the stock remained 2.21. Louisiana-Pacific Corporation (NYSE:LPX) insider ownership is 0.70%.

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