Cemex Expects Q3 Sales Decline and 4 Stocks Riding 52-Week Highs
Carefusion Corp. (NYSE:CFN): CareFusion and Cerner announced the implementation of interconnected systems that share data for enhanced medication management at Penn State Milton S. Hershey Medical Center, a leading U.S. teaching and research hospital, and designated Magnet institution. Their shares closed at $28.69, down $0.08 or 0.28% on the day. They have traded in a 52-week range of $22.55 to $28.78.
Cemex S.A.B. De C.V. (NYSE:CX): Cemex S.A.B. De C.V, expects their third quarter, net sales to decline by approximately 2% vs. their third quarter 2011. Net sales, on a like-to-like basis (adjusting for currency fluctuations between the two periods), are expected to grow by approximately 3%, while operating earnings before interest, taxes, depreciation and amortization (EBITDA) are expected to grow by about 9%, and operating EBITDA, on a like-to-like basis is expected to grow by approximately 13%. This expected performance would represent an improvement in the operating EBITDA margin of approximately 1.8%. Their shares closed at $8.97, up $0.41 or 4.79% on the day. They have traded in a 52-week range of $2.6539 to $8.74.
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Edison International (NYSE:EIX): Southern California Edison has submitted their response to the Nuclear Regulatory Commission’s Confirmatory Action Letter, along with their restart plan for Unit 2 of their San Onofre Nuclear Generating Station. The unit cannot be restarted until all plans have been approved by the Nuclear Regulatory Commission (NYSE:NRC). Unit 3 will remain offline while the utility continues to study the potential solutions that are unique to that unit. The response to the NRC covers the causes of tube wear, repairs and corrective actions required for the Unit 2 steam generators, actions to prevent the extensive tube-to-tube wear observed in Unit 3, and inspection and safe operation protocols. SCE will operate Unit 2 at 70% power. Their shares closed at $47.10, up $0.5 or 1.07% on the day. They have traded in a 52-week range of $36.63 to $46.94.
Google Inc. (NASDAQ:GOOG): Google disclosed, in a regulatory filing, that they expect to incur certain charges in connection with planned restructuring actions at their wholly-owned subsidiary Motorola Mobility. They stated, “Motorola has continued to refine its planned restructuring actions and now expects to broaden those actions to include additional geographic regions outside of the U.S.” Google said that they expect to incur (1) severance-related charges of approximately $300 million, which will be recognized in the third quarter, approximately$250 million of this, is expected to be paid in cash, and (2) other charges related to facility and market exits, primarily in cash, of approximately $90 million in 2012 and 2013, about $40 million is expected to be recognized in the third quarter. Google said, “Motorola continues to evaluate its plans and further restructuring actions may occur, which may cause Google to incur additional restructuring charges, some of which may be significant.” Their shares closed at $768.05, up $5.55 or 0.73% on the day. They have traded in a 52-week range of $502.60 to $765.99.
Gap (NYSE:GPS): As companies such as Best Buy (NYSE:BBY), Staples (NASDAQ:SPLS), Gap (NYSE:GPS) and Office Depot (NYSE:ODP) closed stores or shifted to smaller ones, United States malls, during the third quarter, saw vacancies fall, and hold steady at strip shopping centers, while landlords attracted new retailers to fill the spaces. Malls in the highest 77 U.S. markets reported an average vacancy rate of 8.7% in the quarter, down from 8.9% in the second quarter, according to Reis Inc. (NASDAQ:REIS) data. Their shares closed at $37.10, up $0.35 or 0.95% on the day. They have traded in a 52-week range of $16.51 to $36.76.
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