Posted on 08 December 2010
Strattec Security Corp (STRT: Nasdaq)
Strattec Security Corp reached a new 52 week high this morning on news that the company was selected by Zacks Investment Research’s Smartrend as one of the top 5 companies in the Auto Parts and Equipment industry with the highest projected earnings growth. The company has a projected earnings growth of 118.3%. Strattec Security Corp designs, develops, manufactures and markets automotive security products including mechanical locks and keys, electronically enhanced locks and keys, steering column and instrument panel ignition lock housings.
Diamond Foods Inc (DMND: Nasdaq)
Diamond Foods Inc witnessed its stock steadily creep higher this morning establishing a new 52 week high. The stock has been reaching higher highs over the past several weeks in anticipation of the company’s December 8th Q1 earnings announcement. Diamond Foods, Inc, incorporated in 2005, is a packaged food company focusing on building, acquiring and energizing brands.
IntraLinks Holdings Inc (IL: NYSE)
IntraLinnks Holdings Inc saw its stock breakout this morning on route to setting a new 52 week high. The company recently filed a registration statement with the SEC for a proposed follow-on public offering by IntraLinks and certain selling stockholders of an aggregate of 9,000,000 shares of common stock. The number of shares to be offered by IntraLinks and the selling stockholders has not yet been determined. IntraLinks Holdings, Inc, formerly TA Indigo Holding Corporation, is a global provider of software-as-a-service solutions for securely managing content, exchanging critical business information and collaborating within and among organizations.
Incoming search terms:
Posted on 08 December 2010
Signet Jewelers Ltd. (SIG: NYSE)
Signet Jewelers Ltd. continued its tremendous run this morning fuelled by their Q3 earnings report. The company announced income before taxes of $12m, up $25.3m, basic and diluted EPS of $0.07, up $0.17 per share. Total sales rose by 5.0% to $641.8 million in the third quarter. Signet Jewelers Limited, formerly Signet Group plc is a specialty retail jeweler by sales, with stores in the United States, United Kingdom, Republic of Ireland and Channel Islands.
Hormel Foods Corp (HRL: NYSE)
Hormel Foods Corp saw its stock reach new highs this morning thanks to the release of their Q4 earnings report. The company reported net income of $122.6m, or $0.90 per share, for the quarter ended October 31, up from $104.6m, or $0.77 per share, for the same quarter last year. The results beat analysts’ expectations of $0.79 per share. Hormel Foods Corporation is engaged in the production of a variety of meat and food products, and the marketing of those products throughout the United States and internationally.
Dollar General Corp (DG: NYSE)
Dollar General Corp witnessed its shares trade higher this morning setting a new 52 week high on no significant news. The company’s shares have been on the move as of late most likely in an anticipation of their Q3 earnings report set to be released ahead of the opening bell on December 9, 2010. Dollar General Corporation is a discount retailer. As of February 26, 2010, the Company had 8,877 stores located in 35 states, primarily in the southern, southwestern, midwestern and eastern United States.
Incoming search terms:
Posted on 08 December 2010
Tiffany & Co (TIF: NYSE)
Tiffany & Co saw its stock surge to new highs this morning thanks to the company raising its full year 2010 ESP guidance. The company announced that it now expects ESP to be in the range of $2.72-$2.77m. The company’s original ESP guidance was in the $2.60-$2.65 range. Tiffany & Co. is a holding company and conducts all business through its subsidiary companies. The Company’s principal subsidiary, Tiffany and Company, is a jeweler and specialty retailer whose principal merchandise offering is fine jewelry.
National Oilwell Varco Inc (NOV: NYSE)
National Oilwell Varco Inc witnessed its stock continue its very bullish uptrend this morning even though the company has not released any significant news since Nov. 18th. The last news announced was that the company increased their regular quarterly dividend 10%. It seems the stock is still carrying the momentum from that announcement. National Oilwell Varco, Inc is a provider of equipment and components used in oil and gas drilling and production operations, oilfield services and supply chain integration services to the upstream oil and gas industry.
Dynamex Inc (DDMX: Nasdaq)
Dynamex Inc watched it stock shoot up this morning thanks to news that the company was offered a takeover bid by an unnamed party. The company said it received an offer from an unnamed party that topped what was offered by private equity firm Greenbriar Equity Group LLC last month. Greenbriar, which offered a huge premium of $21.25 a share last month, valuing the company at about $210 million, has four business days to raise its offer, according to Dynamex. If a higher offer isn’t proposed by Greenbriar, Dynamex would be required to pay Greenbriar a break-up fee of nearly $6.3 million. Dynamex Inc. is a provider of same-day delivery and logistics services in the United States and Canada.
Incoming search terms:
Posted on 08 December 2010
Theravance Inc (THRX: Nasdaq)
Theravance Inc saw its shares jump this morning on news that GlaxoSmithKline is set to increase its shareholding in the company. GSK will increase its shareholding in Theravance through the purchase of common stock in a private placement. The two have agreed to enter into a stock purchase agreement for GSK to purchase 5,750,000 shares of Theravance common stock at a price of $22.50 per share, for a total investment of $129,375,000. Theravance, Inc is a biopharmaceutical company with a pipeline of internally discovered product candidates.
Rubicon Minerals Corp (RBY: Amex)
Rubicon Minerals Corp witnessed its stock skyrocket this morning thanks to the company announcing their inferred gold resource estimate. The company reported a 4.0 million ounce Inferred gold resource estimate grading 20.1 g/t gold (0.59 oz/ton gold). The estimate is based on 166,886 metres of diamond drilling in 237 drill holes carried out between February 27, 2008 and July 31, 2010. The estimate does not include approximately 41,702 metres of drilling completed since July 31, 2010. Rubicon Minerals Corporation is a development stage company. Rubicon is primarily involved in the acquisition and exploration of mineral property interests in Canada and the United States.
FutureFuel Corp (FTFL: OTCBB)
FutureFuel Corp’s stock reached a new 52 week high this morning. The stock seems to still be carrying momentum from the November 17th dividend declaration. The company announced they will be paying a special cash dividend of $0.20 per share to shareholders on record as of December 1st, 2010. The dividend will be payable December 15th, 2010. FutureFuel Corp is engaged in the chemical and biofuels business. It owns approximately 2,200 acres of land six miles southeast of Batesville in north central Arkansas fronting the White River.
Incoming search terms:
Posted on 08 December 2010
Baldor Electric Co (BEZ: NYSE)
Baldor Electric Co witnessed its stock pop this morning thanks to news that ABB will purchase the company for about $3.1 billion. Under the terms of this deal ABB will pay $63.50 per share and will hold Baldor’s net debt of $1.1 billion. Baldor Electric Company is a marketer, designer, and manufacturer of industrial electric motors, mechanical power transmission products, drives, and generators, supplying over 10,000 customers in more than 200 industries.
Uranium Resources Inc (URRE: Nasdaq)
Uranium Resources Inc continued its strong run and reached a new 52 week high this morning. The uptrend can be attributed to the recent surge in the price of Uranium. The current U308 spot price is $60.50, up from a low of $40 3 months ago. Uranium Resources, Inc. is a uranium exploration, mine development and production company.
Huntsman Corp (HUN: NYSE)
Huntsman Corp reached a new 52 week high this morning on heavy trading. The company has traded 5,435,926 shares already this morning compared to their average daily volume of 4.09 million shares. 2 weeks ago the company announced a 4th quarter dividend of $0.10 cash per share. The dividend is payable December 31st, 2010. Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products.
Incoming search terms:
Posted on 08 December 2010
Oasis Petroleum Inc (OAS: NYSE)
Oasis Petroleum Inc continued its steady climb this morning establishing a new 52 week high. The company seems to be carrying momentum from Monday’s acquisition announcement. The company announced that on November 24, 2010, they had signed a Purchase and Sale Agreement to acquire approximately 10,000 net acres of land primarily in Richland County, Montana and approximately 200 barrels of oil equivalent per day of current production. Total consideration for the transaction was $30.0 million, $26.5 million of cash and approximately $3.5 million of assets. Oasis Petroleum Inc. is an independent exploration and production company focused on the acquisition and development of unconventional oil and natural gas resources.
Mercer Insurance Group Inc (MIGP: Nasdaq)
Mercer Insurance Group Inc saw its stock jump this morning thanks to news that the company is set to be acquired by United Fire & Casualty. The company announced they have entered into a merger agreement. Under the terms of the agreement, United Fire will acquire all of the outstanding shares of Mercer Insurance common stock in a transaction expected to close at the end of the first quarter of 2011. Mercer Insurance shareholders will receive $28.25 per share in cash, representing an aggregate transaction value of approximately $191 million. Mercer Insurance Group, Inc. is a holding company, through its property and casualty insurance subsidiaries, provides property and casualty insurance products designed to meet the insurance needs of individuals in New Jersey and Pennsylvania, and small and medium-sized businesses throughout Arizona, California, Nevada, New Jersey, Oregon, and Pennsylvania.
OmniVision Technologies Inc (OVTI: Nasdaq)
OmniVision Technologies Inc witnessed its stock set new highs this morning on news that the company has issued Q3 2011 guidance above analysts’ estimates. The company announced that for third quarter of 2011, it expects revenues to be in the range of $230-$250 million and GAAP net income per share to be in the range of $0.41-$0.54 per diluted share. According to Reuters Estimates, analysts were expecting the Company to report revenue of $208 million and earnings per share of $0.39 for the third quarter of 2011. OmniVision Technologies, Inc. designs, develops and markets semiconductor image-sensor devices.
Incoming search terms:
