Lakeway, TX -- (SBWIRE) -- 02/07/2013 -- 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:-
Rio Tinto plc (ADR) (NYSE:RIO) abandons plans to build a $4B titanium plant in Quebec amid a collapse in prices for the commodity. Managing director Jean-Francois Turgeon says RIO needs to reduce costs among weaker market conditions, despite the progress made on its TO4 project designed to expand mining and smelting capacity.
How Should Investors Trade RIO After The Latest Earnings Report? Find Out Here
Dreamworks Animation Skg Inc (NASDAQ:DWA) will cut jobs after suffering a box office disappointment with Rise of the Guardians. The studio will also pull back its production schedule to only release two films in 2013 instead of three.Wwith a downgrade from Piper Jaffray to Neutral from Overweight also factoring in. Shares of DWA fell 3.87%.
Is DWA a Buy After The Recent News? Get Free Trend Analysis Here
JPMorgan Chase & Co. (NYSE:JPM) reportedly cut investment banker pay by only 3% in 2012, far less than the double-digit amount some had been braced for. This comes as M&A fees fell 17% and equity underwriting fees fell 13% last year.
How Should Investors Trade JPM After The Recent Movement? Find Out Here
Nu Skin Enterprises, Inc. (NYSE:NUS) Q4: net profit +20% to $59.2M, with growth driven by key markets such as Japan, South Korea and Mainland China, "where we continue to see tremendous results from our latest ageLOC products." Guidance: Q1 EPS of $0.75-0.77, below consensus of $0.84, and revenue of $500-510M vs $514.2M; FY EPS of $3.77-3.92 vs $3.97, and ups revenue outlook by $50M to $2.3-2.35B vs consensus of $2.33B. Shares of NUS were down 3%.
Get Latest News, Updates and Reports For Free On NUS Here
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