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Business & Finance

Up to Date Stocks in Focus: Energy Transfer Equity, L.P. (NYSE:ETE), NIKE, Inc. (NYSE:NKE), HSBC Holdings plc (NYSE:HSBC)

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On Tuesday, Shares of Energy Transfer Equity, L.P. (NYSE:ETE), lost -0.15% to $13.45.

The company has median price target of $ 32.00. The Company may be hit to highest price target level of $ 47.50 and may be reached to lowest price target level of $ 23.00. The Company’s mean price target projected of $ 33.94. This Price Target Summary was analyzed by “9” Brokers.

Energy Transfer Equity, L.P., through its auxiliaries, provides diversified energy-related services in the Unites States. It owns and operates about 7,700 miles of natural gas transportation pipelines and 3 natural gas storage facilities located in the state of Texas; and about 12,800 miles of interstate natural gas pipeline. The company sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies.

Shares of NIKE, Inc. (NYSE:NKE), inclined 0.71% to $64.26, during its last trading session.

Phil Knight, the billionaire co-founder of sportswear powerhouse Nike Inc., has put a parcel of land in La Quinta on the market for $2.5 million, according to Los Angeles Times.

Set within Madison Club, a 500-acre private community, the one-acre property overlooks the 13th green of the Tom Fazio-designed premier course. Views take in the fairway, lake and surrounding mountains.

Knight and his wife, Penelope, bought the plot in 2009 for $2.5 million, records show.

Janine Stevens of Bennion Deville Homes is the listing agent. Los Angeles Times Reports

NIKE, Inc., together with its auxiliaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories for men, women, and kids worldwide. The company offers products in eight categories, counting running, basketball, football, men’s training, women’s training, sportswear, action sports, and golf under the NIKE and Jordan brand names.

Finally, HSBC Holdings plc (NYSE:HSBC), ended its last trade with 0.62% gain, and closed at $40.28.

Creditors suing Argentina over billions of dollars in defaulted bonds have subpoenaed HSBC Holdings Plc for information about the country’s effort to raise money abroad, a person familiar with the matter said on Tuesday, according to Reuters.

The subpoena was a sign that the bondholders intend to keep pressure on the country even as the new administration of Argentine President Mauricio Macri moves toward resolving the long-running litigation over its $100 billion default in 2002.

Creditors, counting hedge funds Elliott Administration’s NML Capital Ltd and Aurelius Capital Administration LP, are seeking information from HSBC on whether a more than $5 billion loan Argentina is seeking from foreign banks would violate a court order, the source said.

HSBC Holdings plc provides banking and financial products and services. It operates through four businesses Retail Banking and Wealth Administration, Commercial Banking, Global Banking and Markets, and Global Private Banking. The company’s Retail Banking and Wealth Administration business offers a range of personal banking products and services, counting current and savings accounts, mortgages and personal loans, credit cards, debit cards, and local and international payment services; and wealth administration services comprising insurance and investment products, asset administration services, and financial planning services.

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Michael Bond

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