Hot Stocks in Focus: Best Buy, Sony, Magna International, SLM

Lakeway, NY -- (SBWIRE) -- 03/04/2013 -- ThePennyStockProfiler.com, 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:-

Best Buy Co., Inc.(NYSE:BBY) shares jumped 4.57% to $17.16 after the company, on Mar. 1, posted fiscal fourth- quarter adjusted profit that topped analysts’ estimates and said the retailer will focus on continuing its turnaround after failing to receive a takeover offer from its founder. The fourth-quarter net loss narrowed to $409 million, or $1.21 a share, from a loss of $1.82 billion, or $5.17, a year earlier. Sales rose 0.2 percent to $16.7 billion, topping analysts’ average estimate of $16.3 billion and snapping a streak of two quarterly declines.

Is BBY a Still a Buy after the Solid momentum? Let’s Find out Here

Sony Corporation (ADR) (NYSE:SNE) shares climbed 4.46% and closed at $15.23. The company, on Feb. 20, announced that it has decided to sell 95,000 shares (a 6.0% stake) in M3 Inc to Deutsche Securities Inc., on February 25, 2013. As a result, Sony will hold 791,908 shares (a 49.8% stake) in M3 Inc, down from 886,908 shares (a 55.8% stake). The transaction price is not disclosed.

Is SNE a Strong Buying Opportunity After The Recent Slump? Find out Here

Magna International Inc. (USA) (NYSE:MGA) shares jumped 4.30% and closed at $55.51 in the last trading session. The company, on Mar. 1, announced that the Board of Directors declared a quarterly dividend of $0.32 with respect to outstanding common shares for the quarter ended December 31, 2012. This dividend is payable on March 27, 2013 to shareholders of record on March 13, 2013.

Should MGA Buy ENTB MGA The Recent Movement? Let’s Find out Here

SLM Corp (NASDAQ:SLM) shares gained 4.22% to $19.77. The company will begin trading ex-dividend on March 01, 2013. A cash dividend payment of $0.4908 per share is scheduled to be paid on March 15, 2013. Shareholders who purchased SLMBP stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an -6.89% decrease from the prior quarter.

Is SLM a Strong Buying Opportunity After The Recent Slump? Find out Here

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