5 Hot Stocks: WebMD Downgraded, Goodyear Outlook Softens
Markets have recovered most of their losses after hitting intra-day lows in morning trading. Here are five stocks hitting our trading screens with news.
The Goodyear Tire & Rubber Company (NYSE:GT) is down today after the company reported volume softness across all regions. KeyBanc said the mood of Goodyear’s Detroit presentation was guarded as management suggested near-term trends have been soft, including slower winter tire sales in Europe, North American demand for both consumer and commercial replacement and softening in Asia and Latin America.
China New Borun Corp (NYSE:BORN) skyrocketed following the announcement that it has already signed pre-sales agreements worth a total of around 90 percent of the company’s total edible alcohol production volume in 2012.
Masco Corporation (NYSE:MAS) tops the S&P 500 winners today. The homebuilder is drafting on Lennar’s good fortune.
SYNNEX Corporation’s (NYSE:SNX) price target increased to $37 from $32 at Stifel Nicolaus after reports from SYNNEX of better than expected Q4 EPS. Stifel Nicolaus maintains a Buy rating on the stock.
WebMD Health Corp. (NASDAQ:WBMD): Morgan Stanley reduced the stock to underweight after WebMD lost about 25 percent of its value in yesterday’s action.
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