Lakeway, TX -- (SBWIRE) -- 02/06/2013 -- Bestdamnpennystocks, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
Anadarko Petroleum Corporation (NYSE:APC) is off to a strong start after reporting an "on-pace quarter" and "surprising to the upside regularly." Q4 was a “good beat after adjustments, driven by higher output, lower costs and derivatives," GHS Research says, expecting a "busy" Q1 with active Gulf of Mexico presence and potential for a JV or other partnerships in fields in Mozambique.
How Should Investors Trade APC After The Latest Earnings Report? Find Out Here
Stillwater Mining Company (NYSE:SWC) was upgraded to Overweight from Neutral with a $19 price target (from $14) at J.P. Morgan on improving palladium fundamentals as Russian supplies fall and demand for diesel autocatalysts rises. With Europe likely to move to new emission standards by 2014, the firm expects manufacturers to switch to a more cost effective mix that would lift palladium demand. Shares of SWC jumped 4%.
Is SWC a Buy After The Solid Earnings? Get Free Trend Analysis Here
AOL, Inc. (NYSE:AOL) is close to acquiring electronics review site gdgt (pronounced 'gadget'), TechCrunch reports. If the deal happens, gdgt would join a stable of tech-focused AOL properties that includes Engadget, TechCrunch, and Joystiq. It might also bring Engadget vets/gdgt founders Peter Rojas and Ryan Block back into the fold. Separately, AOL has sold online identity site About.me back to its founders, reportedly for a fraction of what AOL paid for it 2 years ago.
How Should Investors Trade AOL After The Recent Movement? Find Out Here
ProPhase Labs Inc (NASDAQ:PRPH), maker of Cold-EEZE, takes a hit this morning after Matrixx Initiatives announced today that it has withdrawn its $1.60 per share offer it made to acquire the company back in October. Matrix initially offered $1.40 per share for the company back in September of last year, but then upped its bid to $1.60 soon after after. PRPH rejected both bids out-of-hand. Shares PRPH were down 6%.
Get Latest News, Updates and Reports For Free On PRPH Here
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