Top News : JPMorgan Chase & Co. (NYSE:JPM), Halcon Resources Corp. (NYSE:HK), Cresud S.A.C.I.F. y A. (ADR) (NASDAQ:CRESY), Apple Inc. (NASDAQ:AAPL), Cisco Systems, Inc. (NASDAQ:CSCO)

Technology Stocks News 3

JPMorgan Chase & Co. (NYSE:JPM) lost a bid to block buyers of $10 billion worth of residential mortgage-backed securities it packaged in 2007 to proceed as a group with their lawsuit alleging the bank misled them. U.S. District Judge J. Paul Oetken in Manhattan today ruled that the claims of investors in nine separate offerings of the securities were similar enough for them to move forward as a class on the question of whether JPMorgan is liable for making false and misleading statements in the offering documents. JPMorgan Chase & Co. (NYSE:JPM) belongs to Financial sector. Its net profit margin is 28.30% and weekly performance is -1.15%. On last trading day company shares ended up $60.24. JPMorgan Chase & Co. (NYSE:JPM) distance from 50-day simple moving average (SMA50) is 2.44%.

Zacks downgraded shares of Halcon Resources Corp (NYSE:HK) from an outperform rating to a neutral rating in a report issued on Tuesday. They currently have $5.10 target price on the stock. Halcon Resources Corp. (NYSE:HK) shares moved down -6.38% in last trading session and ended the day at $3.96. HK Gross Margin is 77.60% and its return on assets is -25.40%. Halcon Resources Corp. (NYSE:HK) quarterly performance is -46.63%.

On Sept. 9, Cresud S.A.C.I.F. y A. (ADR) (NASDAQ:CRESY) announces results for the Fiscal Year 2014 ended June 30, 2014. The net result for the fiscal year 2014 was a net loss of ARS 1,092.8 million, compared to a gain of ARS 154.3 million in fiscal year 2013, explained by higher exchange rate differences and financial expenses. On 30 September, Cresud S.A.C.I.F. y A. (ADR) (NASDAQ:CRESY) shares advanced 0.46% and was closed at $10.90. CRESY EPS growth in last 5 year was -23.40%. Cresud S.A.C.I.F. y A. (ADR) (NASDAQ:CRESY) year to date (YTD) performance is 7.92%.

In a warning shot to companies shopping for tax deals around the globe, the European Commission publicly accused Ireland on Tuesday of giving illegal subsidies to Apple Inc. (NASDAQ:AAPL) and cautioned that the country might need to collect back taxes from the company, which outside analysts said could reach into the billions of dollars. Apple Inc. (NASDAQ:AAPL) belongs to Consumer Goods sector. Its net profit margin is 21.60% and weekly performance is -1.84%. On last trading day company shares ended up $100.75. Apple Inc. (NASDAQ:AAPL) distance from 50-day simple moving average (SMA50) is 1.78%.

Networking gear maker Cisco Systems, Inc. (NASDAQ:CSCO) revealed that its Chairman and Chief Executive Officer John Chambers received a 2014 total compensation that was 21.6 percent lower than last year. The cut comes as he received lower performance-based compensation as the company failed to meet its profit and sales target in fiscal 2014. The San Jose, California-based company revealed this in a definitive proxy statement filed with the U.S. Securities and Exchange Commission on Tuesday. Cisco Systems, Inc. (NASDAQ:CSCO) shares moved up 0.20% in last trading session and ended the day at $25.17. CSCO Gross Margin is 58.90% and its return on assets is 7.70%. Cisco Systems, Inc. (NASDAQ:CSCO) quarterly performance is 1.12%.

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