Important News, Updates: Verizon Communications, Oracle Corporation, JPMorgan Chase & Co, Green Automotive Company


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NASDAQ:VZ / NYSE:ORCL / NYSE:JPM / OTC:BB:GACR
05/27/2014 [ACCESSWIRE]

NEW YORK / ACCESSWIRE / May 27, 2014 / Market Buzz Report, which provides up to date coverage, commentary and alerts on OTC and NASDAQ Stocks, issues critical stocks analysis for Verizon Communications, Oracle Corporation, JPMorgan Chase & Co, Green Automotive Company.

Verizon Communications Inc.(NYSE:VZ)’s shares jumped 0.59% to $49.74. To help enable the healthcare industry to meet the federal Health Insurance Portability and Accountability Act requirements for safeguarding electronic protected health information, Verizon on May 21 said it is expanding its Healthcare Enabled Services to five additional data centers and offering a broader range of cloud and data center infrastructure services.           

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Additionally, Verizon's CEO Lowell McAdam shot down rumors that the company was in potential merger talks with satellite operator Dish Network on May 20, days after rival AT&T announced plans to buy no 1. U.S. satellite operator DirecTV.

Oracle Corporation (NYSE:ORCL)’s shares increased 1.52% to $42.15. The company on May 22 said it has been approved to deliver a sophisticated new type of highly secure managed cloud services to federal customers that will help them rapidly and confidently comply with "Federal Cloud First" initiatives.

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Additionally, Oracle’s shares price target has been raised to $46 from $43 at FBR Capital on May 19 citing increased confidence in the company's cloud business. FBR believes the Oracle 12c database offers potential catalysts for accelerating license growth heading into FY15 and keeps an Outperform rating on the stock. Note Deutsche Bank this morning raised its price target for Oracle shares to $48.

JPMorgan Chase & Co. (NYSE:JPM)’s shares dropped 0.04% to $54.53. Marianne Lake, Chief Financial Officer of JPMorgan Chase & Co., will present at the Morgan Stanley Financials Conference at the Waldorf Astoria Hotel in New York City on Wednesday, June 11, 2014, at 8:00 a.m. (Eastern).

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Additionally, the company on May 21 unveiled a $100 million, five-year commitment to support and accelerate Detroit’s economic recovery and strengthen its communities. This long-term investment is the Firm’s largest commitment to a city and among the largest corporate commitments to Detroit. It builds upon the Firm’s deep roots as one of Michigan’s leading financial services providers and corporate citizens.

Green Automotive Company (OTCMKTS:GACR)’s shares declined 13.45% to $0.03. The company on May 21 announced financial results for its fiscal 2014 first quarter, ended March 31, 2014. The company posted strong quarterly revenue of $1.235m, up from $218K reported for Q1 2013. This major increase is largely attributable to strong growth in sales at our Newport Coachworks business.

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In Europe, Green Automotive’s subsidiary GoinGreen also increased sales of new electric vehicles following the introduction of the Mia in December 2013. Revenues from our electric vehicle engineering business, Liberty Electric Cars, were steady thanks to our continued involvement in major EU sponsored electric vehicle development projects.

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SOURCE: Market Buzz Report 

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