Category: Stock Movers

Stock Movers

Notable Analyst Actions: QUALCOMM (NASDAQ:QCOM), Jabil Circuit, Inc.(NYSE:JBL), Micron Technology, Inc.(NASDAQ:MU)

CLSA expects QUALCOMM (NASDAQ:QCOM)’s Q1 and Q2 to be inline but longer-term, sees meaningful margin upside in QCT from likely consolidation in the baseband industry. The firm views valuation as attractive and reiterates its Outperform rating and raises its price target to $90 from $82. Analysts have a consensus price target of $78.92 on QUALCOMM (NASDAQ:QCOM) which indicates a .50% upside. The consensus rating of … Continue reading Notable Analyst Actions: QUALCOMM (NASDAQ:QCOM), Jabil Circuit, Inc.(NYSE:JBL), Micron Technology, Inc.(NASDAQ:MU)

Kevin Long
WB Nasdaq WB Weibo Corp
Internet, Stock Movers

SINA’s Weibo to IPO Between $17-$19 a Share

Whispers on the Street put microblogging site Weibo’s IPO price at $17-$19 a share. Known as the Chinese version of Twitter, China-based Weibo is a subsidiary of SINA Corp. (SINA). Weibo has approximately 129 million monthly active users (MAUs), an overwhelming majority of them on mobile MAUs. The company’s revenues increased significantly from $65.9 million in 2012 to $188.3 million in 2013, according to Zacks. … Continue reading SINA’s Weibo to IPO Between $17-$19 a Share

Adam Keintzel
Stock Movers

Bank of America Trading Near 52-Week High on Settlement with Federal Housing Finance Agency

Bank of America (NYSE:BAC) is trading higher after-hours after reporting that it has reached a settlement with the Federal Housing Finance Agency (FHFA) resolving four lawsuits FHFA filed against Bank of America, Countrywide, and Merrill Lynch entities beginning in September 2011, alleging they falsely represented that the underlying mortgage loans complied with certain standards. Per the agreement, Bank of America (BAC) will make cash payments … Continue reading Bank of America Trading Near 52-Week High on Settlement with Federal Housing Finance Agency

Chris Lewis
Stock Movers

Financial Stocks On the Move: Wells Fargo (NYSE:WFC), Bank of America Corporation (NYSE:BAC), JPMorgan Chase & Co. (NYSE:JPM)

Reports are out this morning that Wells Fargo (NYSE:WFC) is being accused by New York attorney general of fabricating foreclosure documents. Despite this the company’s shares are up 1.54% nearing the top end of the 52-week range. The company has a dividend yield of 1.20 and a price to earnings ration of 12.35. Wells Fargo (NYSE:WFC) has an EPS of 3.98. Bank of America Corporation … Continue reading Financial Stocks On the Move: Wells Fargo (NYSE:WFC), Bank of America Corporation (NYSE:BAC), JPMorgan Chase & Co. (NYSE:JPM)

Richard Atkins
Stock Movers

Lihua (NASDAQ:LIWA) Up 3% in Pre-Market on 2014 Earnings Outlook

Shares in Lihua International (NASDAQ:LIWA) were up nearly 3% in recent pre-market trading on Monday after the electric components and equipment company said it expects year-over-year improvement of 3% to 6.6% in its non-GAAP earnings for 2014. Q4 2013 results, however, declined from last year. Sales for the quarter were $217.3 million, resulting in net income of $13.2 million, or $0.44 per share. Non-GAAP net … Continue reading Lihua (NASDAQ:LIWA) Up 3% in Pre-Market on 2014 Earnings Outlook

Adam Keintzel
FB Nasdaq FB Facebook
Stock Movers

After-Hours Movers: HudBay Minerals (NYSE:HBM), Digirad Corporation (NASDAQ:DRAD), Measurement Specialties (NASDAQ:MEAS)

HudBay Minerals (NYSE:HBM) announced that it has acquired 10,127,500 common shares of Panoro Minerals Ltd. at a purchase price of C$0.28 per Share for total consideration of C$2,835,700. The shares acquired by Hudbay (NYSE:HBM)were purchased over the TSX Venture Exchange pursuant to a private agreement and represent approximately 4.9% of the issued and outstanding Shares. As a result of the investment, Hudbay (HBM) now owns … Continue reading After-Hours Movers: HudBay Minerals (NYSE:HBM), Digirad Corporation (NASDAQ:DRAD), Measurement Specialties (NASDAQ:MEAS)

Mark Doerr