Nam Tai Electronics Remains On Track and 2 Stocks Riding 52-Week Highs
HSBC Holdings (NYSE:HBC) has named John Flint to take over as head of its retail banking and wealth management, according to Reuters. Flint is currently head of strategy and planning, and will replace the retiring Paul Thurston. Shares closed down 0.2 percent on the day at $51.03, and have been traded in a 52-week range of $36.67 to $51.32.
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Mednax (NYSE:MD) purchases DeKalb Anesthesia Associates for cash, which is a physician group practice that provides anesthesia services at DeKalb Medical at North Decatur and DeKalb Medical at Hillandale in Decatur, Georgia. The practice will be integrated with part of Mednax’s American Anesthesiology unit. The transaction should be immediately accretive to earnings. Shares closed up 0.1 percent on the day at $79.08, having been traded in a 52-week range of $59.24 to $79.08.
Nam Tai Electronics (NYSE:NTE) said that thus far in 2012 it has achieved a major milestone with record sales in excess of $1 billion. The firm showed strong year-to-date sales growth, and is on track with solid results in its core business from strengthening demand for its new high-resolution liquid crystal display module products. Shares closed up 6.2 percent on the day at $15.93, and have been traded in a 52-week range of $4.75 to $15.85.