Hot Stocks: Avago Technologies Ltd (NASDAQ:AVGO), Janus Capital Group Inc(NYSE:JNS)

Lakeway, TX -- (SBWIRE) -- 03/16/2013 -- 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:-

Avago Technologies Ltd (NASDAQ:AVGO) shares decreased 1.75% to $36.02. The company, on Mar. 13, announced a new 100G CFP2 optical transceiver, the AFBR-8420Z. The device is a 10-channel pluggable, multi-mode parallel optic transceiver module designed for high-density 100G Ethernet and Optical Transport Network (OTN).

How Should Investors Trade AVGO The Recent Movement? Find Out Here

Additionally, the company, on Mar. 14, announced that its Board of Directors has approved a quarterly interim cash dividend of $0.19 per ordinary share. The dividend is payable on April 4, 2013 to shareholders of record at the close of business (5:00 p.m.) Eastern Time on March 25, 2013.

Janus Capital Group Inc(NYSE:JNS) shares dropped 1.64% to $9.63. The company, on Mar. 15, announced that Perkins Global Value Fund (Class D shares) received a 2013 Lipper Award as the Best Global Multi-Cap Value Fund for the five years ended December 31, 2012. The Lipper Awards honor fund management firms and individual mutual funds that excel in delivering consistently strong risk-adjusted performance, relative to their peers.

Is JNS Strong Buy After The Recent Strong Gains? Get Free Trend Analysis Here

Additionally, JNS stock had its price target upped by JPMorgan Chase to $8.50 in a research report released on Mar. 11.

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