Here’s Why SCYNEXIS Inc. (SCYX), Apple Inc. (AAPL) and Three Other Stocks Are in Spotlight Today

Metlife Inc. (NYSE:MET) stock inched up by 2% following news of the impending spin-off of its life insurance operations. The company is looking to downsize for  strategic and regulatory reasons. The separation will involve about a fifth of the company’s overall business. The new company will be known as Brighthouse Financial, will trade separately under the ticker “BHF”. Around 80.1% of the unit’s common stock, will be distributed to existing shareholders of Metlife Inc. (NYSE:MET). However, Metlife is still considering a sale of the division or its IPO. A total of 45 funds from our database have positions in Metlife worth $1.40 billion in aggregate as of the end of June.

Semtech Corporation (NASDAQ:SMTC) stock is in spotlight as it lowered its fiscal 2017 third-quarter revenue outlook after it had signed a network deal with Comcast. The company now expects its third-quarter earnings to be in the  range of $0.43 to $0.47 per share, down from previous estimate of $0.49 to $0.53 and quarterly revenue is expected between $130 million to $138 million. Its previous revenue estimate was in the range of $134 million to $142 million. Lower outlook comes on the back of Semtech issuing a warrant, which grants Comcast the right to acquire some 1.09 million shares of Semtech. The deal involves a trial deployment of a low-power wide-area network in the US, which uses Semtech’s LoRa Wireless Radio Frequency Technology. The trial is expected to be launched by Comcast in the fourth quarter of 2016 in Philadelphia and San Francisco. A total of 13 investors we track own about $62 million worth of Semtech Corporation stock as of the end of June, compared to 15 funds with $60 million worth of stock a quarter earlier.

Even though, Deutsche Bank AG (USA) (NYSE:DB) still hasn’t completed its settlement with the DoJ, the bank can put at least some other problems behind it. A report from Reuters has suggested that BaFin, German financial market regulator, may not pursue its inquiry into Russian money laundering scandal involving Deutsche Bank. A total of 15 investors from our database reported stakes in Deutsche Bank AG (USA) (NYSE:DB) worth $48 million in aggregate at the end of June, compared to 10 funds holding $23.97 million in shares a quarter earlier.

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