HotPennyStockNews.com is devoted to fetch you the most exclusive stocks in the market today. Apart from scanning the markets for the most underrated stocks. We propel those victors directly to your email inbox first ahead of the rest of the marketplace gets a prospect.
Los Angelas, CA -- (SBWIRE) -- 11/09/2012 -- Morgan Stanley Co (NYSE:MS) is very actively trading between $16.505 - 17.01 with total traded volume of 21126400 shares. At a current price of 16.52, MS is -0.11 - -0.66% from the previous close of $16.63. Moreover, At Current Market Price, MS is in distance of -4.99% from its 50-day Moving Average price of $17.3883 and +12.13% from its 200-day Moving Average price of $14.7332. Morgan Stanley (NYSE:MS) seeks to divest its India private wealth management division, say sources, only four years after entering the market. One source commented that “People get smitten by the India opportunity, but very few people will succeed in this market.” Morgan Stanley (MS) has initiated strategic review - a process that generally concludes with divestment- of its Indian private wealth management division. The review is a part of the company's global strategy to do away with its underperforming wealth management operations. Morgan Stanley launched its private wealth management services for the high net worth investors in India. At present, the division manages nearly $1 billion (including loans) of wealth. The opportunity was lucrative at that time, given the economic boom.
Are these stocks a buy or sell? Free Sign Up Here For Free Guide
Continental Resources (NYSE:CLR) achieved record production of 103,000 Boepd and exited to the quarter in September with average production of 106,000 Boepd. Third quarter production was 55% higher than the same quarter last year and, sequentially, was 9% above the second quarter of 2012. We are finally on track to achieve our growth guidance for 2012, a production increase of 57% to 59% relative to 2011. We look forward to finishing 2012 with strong fourth quarter production and carrying that momentum into the new year. Aditionally Continental Resources (NYSE:CLR) will acquire Bakken producing and undeveloped assets for $650 million and will also sell its producing crude oil and natural gas properties and supporting assets located in its East Region for $125 million. The Bakken property includes a leasehold of about 12,000 net acres and production of approximately 6,500 barrels of energy equivalent per day.
Is CLR Showing Any Sign of Buy At The Current Market Price? Get Our Free Trend Analysis Here
Facebook, Inc. (NASDAQ:FB): Jessica Herrara, transportation program manager with Facebook, told a transportation conference in Hamilton that Facebook, Inc. pays for their employees to get to work as long as they don’t drive. The goal is to cut vehicle trips into their Menlo Park, California campus because the social media mammoth will soon have to pay a large amount of money for extra vehicles traveling in and out. They will be allowed to double their density at the site from 3,300 to 6,600, but could not offer more than the existing 3,200 parking spaces and would have to seriously control traffic coming and going. The number of trips was capped at 2,600 during the morning rush and 2,600 in the afternoon rush hour. For every extra vehicle, including cars, buses and delivery trucks, Facebook will pay $50 each day for the first two months. If the company goes over their limit two months in a row, the fee will go up to $100 per vehicle. The fee doubles again if the limit is exceeded over the next two months.
Should Investor Buy FB Stock This Range: FIND OUT HERE
Micron Technology (NASDAQ:MU) is -0.22 - -3.72% from the previous close of $5.69. It traded between $5.66 - 5.93 with total traded volume of 30619068 shares. At Current Market Price, MU is in distance of -3.71% from its 50-day Moving Average price of $5.9091 and -7.42% from its 200-day Moving Average price of $6.1458. Fundamentally, Micron has some positives. Micron is expecting EPS to be up 339% next year according to Finviz.com. Micron is trading for approximately 78% of book value and 73% of sales. Technically, Micron looks like it may have found a bottom. The stock has recently fallen through all major support levels but just broke back above the 20-day sma and is now trading 4% above it. The recent pullback was not enough to break the uptrend. Micron remains a buy at these levels. Micron is trading for less than book value and has a significant opportunity to turn the ship around if they can complete the purchase of Elpida. I believe the risk/reward is favorable for the longs here with the stock so close to multi-year lows. The stock is a buy.
How Should Investors React to MU Now? Find Out Here
Neither HotPennyStockNews.com nor its owners, operators, affiliates or anyone disseminating information on its behalf is registered as an Investment Advisor or broker dealer in any jurisdiction whatsoever and none of the information provided by HotPennyStockNews.com, owners, operators, affiliates or anyone disseminating information on its behalf should be construed as investment advice or an investment recommendation. HotPennyStockNews.com makes no recommendation that the securities of the companies profiled should be purchased, sold or held by individuals or entities that learn of the profiled companies through HotPennyStockNews.com. Investing in securities is speculative and carries a high degree of risk and no investment should be made unless you can afford to loose your entire investment. It is possible that an investor's entire investment may be lost or impaired due to the speculative nature of the companies profiled. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein..
Copyright © 2005-2013 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-321-1250 (International)