Tractor Supply’s (NASDAQ:TSCO) core hobby farmer customer is expected to continue to see outsized income and income growth in 2014 compared to the median U.S. household. Hobby farmer income growth is projected to be +3.5% in 2014 vs. the median U.S. household of 2.2%. Separately, after running well below the metro (i.e. urban) unemployment rate…
Pan American Silver (NASDAQ:PAAS) shares were down more than 3% Tuesday after the stock was downgraded to Sell from Neutral at Goldman Sachs, which lowered its price target to $10 from $15.22. PAAS was trading in a 52-week range of $14.66 to $15.04. Novo Nordisk (NYSE:NVO) shares were up about 5% after Bank of America…
Canadian Solar (NASDAQ:CSIQ) is up 5.7% on heavy volume to $39.94 after JP Morgan initiated coverage at overweight, with a price target of $55 per share. Separately, the solar energy company said it won a module supply agreement to provide 18MW of photovoltaic modules to Hitachi, Ltd. in Japan. The project is expected to be…
Energy stocks were sharply higher Monday with the NYSE Energy Sector Index rising about 1.9% while shares of energy companies in the S&P 500 were ahead nearly 2.3% as a group. Crude oil for April delivery was up 59 cents at $102.79 per barrel while March natural gas shed 11 cents today to $4.90 per…
Endeavour Silver Corp. (NYSE:EXK) is up 1.5% in pre-market trade on Monday as it provided updated NI 43-101 silver and gold reserve and resource estimates for its three producing silver mines in Mexico (the Guanacevi Mine in Durango State and the Bolanitos and El Cubo Mines in Guanajuato State) as well as one exploration project…
QLogic (NASDAQ:QLGC) announced on Tuesday it was acquiring Broadcom’s 10/40/100GbE controller assets for $147M in an allcash deal. In addition, QLogic paid $62M in a one-time fee to purchase Broadcom’s Fibre Channel licenses, simply as an “insurance policy” to protect the strong cash flows of their FC business. Near-term, this acquisition should augment their market…
