General Electric Hires Morgan Stanley and 4 Hot Stocks Seeing Action
General Electric (NYSE:GE) hired Morgan Stanley for a review of its 33 percent stake in Thailand’s Bank of Ayudhya Pcl, which has the possibility of leading to a sale by the U.S. conglomerate of its near $2.2 billion holding, according to those familiar with the matter.
Neuralstem, Inc. (NYSE:CUR), on Friday, stated that it inteds, subject to market and other conditions, to begina a public offering of its common stock. The company intends to use the offering’s net proceeds for general corporate reasons, like research and development expenditures, working capital, capital expenditures, clinical examination expenditures, along with various general corporate purposes.
Sprint Nextel (NYSE:S): The company’s success in its partnership with Apple has not really done much positive for investors but it is a lessor for all investors, traders, and speculators. Year to date, Sprint-Nextel has has seen an increase of about 124 percent. The iPhones’ success from Apple is a major contributing factor, as teaming with Microsoft for the Windows Phone was not nearly as rewarding for Nokia Corporation.
Alpha Natural Resources, Inc. (NYSE:ANR) is one of America’s top coal producers. Coal has seen bad business for an extended period of time as demand and prices have been seriously injured since the beginning of 2011, but it recently has been predicted that coal prices will see a major improvement for at least the next two years. Both the Federal Reserve’s stimulus measures and minimized production, combined with a forecast for a cold winter, could push a coal producer like ANR up from all-time lows. Alpha Natural has seen a 60 percent rise since the beginning of September, but it there is more room to increase during the fall. The stock possesses two areas of resistance; on is right below $10 (previous pivot high) and the other close to $12.
Analogic Corporation (NASDAQ:ALOG) shares saw a big boost causing them to hit an all time high on Friday it announced strong fiscal Q4 results. The company reported that its net income more than doubled to 96 cents a share during its Q4 which ended on July 31. FactSet has stated that analysts predicted average earnings of 74 cents a share. The firm revealed that its sales of medical imaging products continued to be stable as ultrasound and security product revenue was enhanced. According to the company, the gains are due to new products, a bigger direct-sales force, and better efficiency.
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