International Game Technology DROPS 3.5% and 4 Hot Stocks Buzzing Now
General Moly, Inc. (AMEX:GMO): In a filing dated Wednesday, the Nevada State District Court affirmed the state engineer’s order which approved water rights for the Mt. Hope project located in Nevada. It also approved other issuance of permits related to the project. Shares of General Moly, Inc. are trading 0.3% lower today.
International Game Technology (NYSE:IGT): Ana analyst estimates that for every 3M shares repurchased by the company, at current stock price, International Game Technology adds approximately a penny to earnings, meaning that analysts may need to increase estimates for the company’s FY13. On average, analysts believe the stock will reach $20, an upside of over 35%, resulting from states such as Kansas and Maine approving more casinos and slots as a way to increase revenue. The stocks yield remains around 1.8%. Shares of International Game Technology are trading 3.64% lower today.
The Kroger Co. (NYSE:KR) has been upgraded by Barclays Capital to Overweight from Market Weight following the company’s impressive Q1 results. The company has seen 34 consecutive quarters of positive same-store sales growth and a continuous repurchasing program, causing the company to seem very consistent. Shares of The Kroger Co. are trading 0.75% higher today.
Smithfield Foods, Inc. (NYSE:SFD) has been given an Outperform rating by Credit Suisse, explaining that recent selloff is excessive and causes a buying opportunity. Smithfield’s margins were slammed by low fresh pork prices in FQ4, but analysts believe domestic prices will be lifted by strong exports late this year. Shares of Smithfield Foods, Inc. are trading 1.57% higher today.
Piedmont Natural Gas Company Inc. (NYSE:PNY): Shares of Piedmont Natural Gas Company Inc. are trading 0.34% higher today.
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