Large Cap Growth Stocks – Page 36

Major Movers on March 18; VCLK, RAX, ADVS, INCY, HPQ, JCP

Shares of ValueClick Inc. (NASDAQ: VCLK) rallied on Monday after Jefferies upgraded the stock from “Hold” to “Buy “ rating and raised its price target on it to $35.00 from $23.00. The improvement in ratings come after company’s analyst day, where both CEO John Guliani and team, eloquently said that the Company was shifting towards a more integrated and customer focused model, according to Jeffries. According to Jeffries, the shift will allow ValueClick to leverage robust data and breadth of consumer touch points, which in turn help the company to gain traction in an expanding digital marketing services market.

Continue reading Major Movers on March 18; VCLK, RAX, ADVS, INCY, HPQ, JCP

CenterPoint Energy and OGE to Combine Assets to Form Master Limited Partnership (CNP)

CenterPoint Energy Inc. (NYSE: CNP), OGE Energy Corp. and ArcLight Capital Partners have entered into an agreement which would allow these companies to merge a part of their operations to form a midstream company, having combined assets worth $11 billion.

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Major Movers on March 15; BAC, GRPN, MCP, KKD, ARO

Shares of Bank of America Corp. (NYSE: BAC) gained on Friday after the bank said that the Federal Reserve agreed on its proposed capital actions. The bank said that it would now repurchase about $5 billion worth of its common stock and buyback around $5.5 billion worth preferred stock.

Continue reading Major Movers on March 15; BAC, GRPN, MCP, KKD, ARO

MolyCorp Swings into Loss in Q4, To Slash Jobs (MCP)

Molycorp Inc (NYSE: MCP), world’s biggest rare-earth metal mining company outside China, reported wider-than-expected fiscal fourth-quarter losses late on Thursday as the bottom line was hurt by lower prices of rare earth metals, dip in production, increase in costs and a huge goodwill impairment charge linked to the acquisition of rare earth processer Neo Material Technologies back in 2012.

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Major Gainers and Losers on March 14; SAVE, VHC, DYN, TSLA, IBM, WMT, CVX

Shares of Spirit Airlines Incorporated (NASDAQ: SAVE), an airline company that provides services principally throughout the domestic U.S., have edged higher in trading today. At last check, SAVE shares were trading 2.89% higher at $24.79 on above average volume of 1.23 million. The stock hit a 52-week high of $25.64 earlier today. In the last three trading sessions, SAVE shares have gained more than 4%.

Continue reading Major Gainers and Losers on March 14; SAVE, VHC, DYN, TSLA, IBM, WMT, CVX

Major Movers on March 14; VRA, LCUT, EFTC, EBAY, MW, AMZN

Shares of Vera Bradley Inc. (NASDAQ: VRA) slumped on Thursday after the handbag and travel leisure accessories maker provided downbeat outlook on the current quarter and full-year, late last evening. However, fiscal fourth-quarter results exceeded Street’s estimates. For the quarter ended February 2, The Fort Wayne-based Company reported a profit of $25.1 million, or 62 cents a share, up from $20.1 million, or 50 cents a share, in the same period of last fiscal.

Continue reading Major Movers on March 14; VRA, LCUT, EFTC, EBAY, MW, AMZN

Lifetime Brands Posts Strong Q4 Results, Share Rally (LCUT)

Lifetime Brands Inc. (NASDAQ: LCUT) reported on Wednesday that its fiscal fourth-quarter earnings jumped more than two times year-on-year, aided by the recent acquisition. Back in December, Lifetime Brands acquired Fred & Friends which makes kitchen tools.

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Men’s Wearhouse Shares Rally as Company Seeks Strategic Alternatives for K&G Operations (MW)

Although the Men’s Wearhouse Inc.’s (NYSE: MW) fiscal fourth-quarter results fell short of Street’s estimates due to “challenging macroeconomic environment”; shares rallied in afterhours trading on Wednesday after the specialty men’s suit maker said that it has hired Jefferies & Co. to help evaluating strategic alternatives for its K&G operations. The Company is inclined focusing more on its Men’s Wearhouse and Moores clothing retailing.

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Major Movers on March 13; DOLE, EXPR, NFLX, WAG, COH, DWA

Shares of Dole Food Company Inc. (NYSE: DOLE) slumped on Wednesday after the fruit and vegetable producer late last evening reported that it swung into a loss in its fiscal fourth quarter as fresh fruit sales were impacted due to divestiture while costs associated with the deal weighed on the bottom line.

Continue reading Major Movers on March 13; DOLE, EXPR, NFLX, WAG, COH, DWA