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Tuesday 16 June 2015
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Pre-Market News Alert on: Wells Fargo & Company, (NYSE:WFC), The Procter & Gamble Company, (NYSE:PG), Advanced Micro Devices, (NASDAQ:AMD)

On Friday, Shares of Wells Fargo & Company (NYSE:WFC), lost -0.30% to $57.09.

Wells Fargo & Company, declared the company will deploy its Mobile Response Unit to assist Houston area customers influenced by recent flooding with housing recovery assistance and who have financial hardships caused by the disaster.

The Wells Fargo Mobile Response Unit is located in Houston at 4010 S. Braeswood Blvd. Customers may visit from 9 a.m. – 7 p.m. weekdays and 9 a.m. – 2 p.m. on weekends through July 2.

“Our thoughts are with our customers who were influenced by the flooding in communities across Texas,” said John Sotoodeh, Wells Fargo Regional Bank Executive in the Southwest region. “We care deeply about our customers and team members living in these communities and our Mobile Response Unit is one way we can assist them recover.”

Wells Fargo & Company provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. Its Community Banking segment offers checking, savings, market rate, individual retirement, and health savings accounts, in addition to time deposits and remittances; and lines of credit, auto floor plan lines, equity lines and loans, equipment and transportation loans, education and residential mortgage loans, and debit and credit cards.

Shares of The Procter & Gamble Company (NYSE:PG), declined -0.68% to $78.87, during its last trading session.

The Procter & Gamble Company, product designed to prevent heartburn could elevate the risk of heart attack, according to a Stanford University study of a popular class of drugs that comprises P&G’s Prilosec OTC, according to American City Business Journals.

A spokeswoman for the Cincinnati-based consumer goods maker (NYSE: PG) declined to comment on the study, which focused on proton-pump inhibitors (PPIs).

PPIs – which are accessible over the counter, as is the case with P&G’s product, or by prescription for drugs such as AstraZeneca’s Nexium – lower the acidity in the stomach. Heartburn, which is characterized by a burning sensation in the chest, occurs when stomach acid rises into the esophagus. American City Business Journals reports.

The Procter & Gamble Company, together with its auxiliaries, manufactures and sells branded consumer packaged goods. The company operates through five segments: Beauty; Grooming; Health Care; Fabric Care and Home Care; and Baby, Feminine and Family Care.

Finally, Advanced Micro Devices, Inc. (NASDAQ:AMD), ended its last trade with -0.43% loss, and closed at $2.31.

Gus Richard, formerly with Piper Jaffray and now with Northland Capital Markets, on June 9, initiates coverage of Advanced Micro Devices (AMD) with an Outperform rating and a $5 price target, writing that there’s “unrecognized value” and that investors are too skeptical.

“Investors have decided that AMD has hit the iceberg and they are waiting for the ship to sink,” writes Richard. “However, we believe that AMD still has time to avoid the collision, and if all else fails investors will be bailed out by the lifeboat of M&A.”

Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. The company’s products primarily comprise x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs).

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