Orlando, FL -- (SBWIRE) -- 09/06/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Verizon Communications Inc.(NYSE:VZ), The Home Depot, Inc. (NYSE:HD).
Verizon Communications Inc.(NYSE:VZ) shares declined 0.30% to $46.64. Bonds of Verizon Communications Inc. (VZ) fell on Sept. 3 as the carrier plans to issue as much as $50 billion of securities to help finance its purchase of Vodafone Group Plc’s 45 percent stake in Verizon Wireless.
The company’s $1.75 billion of 2.45 percent bonds maturing in 2022 dropped 1.2 cents to 87.1 cents on the dollar to yield 4.16 percent as of 4:27 p.m. in New York. The cost to protect corporate bonds from default in the U.S. was little changed.
Additionally, Verizon is in talks to buy out U.S. wireless joint venture partner Vodafone as it looks to grow its lucrative mobile business. In a statement on August 29, Vodafone said it is in discussions with Verizon Communications Inc. (VZ, Fortune 500) over the possible sale of its 45% stake in Verizon Wireless. Verizon Communications holds the remaining 55% share.
Moreover, the company has decided to put off the acquisition of two small Canadian wireless companies until after a government auction of wireless licenses in January, a Canadian newspaper said, citing people familiar with the matter on August 14.
Are investors worried about the recent updates with VZ? Find out with a free trend analysis HERE
The Home Depot, Inc. (NYSE:HD) shares dropped 1.55% and closed at $72.99 in the last trading session. The company on Sept. 5 said it expects results for the rest of year to similar to the double-digit same-store sales growth of the second quarter as the nation's housing market continues to improve, Frank Blake, the company's chief executive.
Additionally, the company on Sept. 3 announced the pricing of $1.15 billion of 2.25% senior notes due 2018, $1.1 billion of 3.75% senior notes due 2024 and $1.0 billion of 4.875% senior notes due 2044. The Company intends to use the net proceeds from the offering to refinance $1.25 billion of 5.25% senior notes that mature in December 2013 and to repurchase an incremental $2 billion of outstanding shares during the remainder of 2013.
The incremental share repurchases are in addition to the Company's previously announced intention to repurchase approximately $6.5 billion of outstanding shares throughout 2013, of which $4.3 billion had been repurchased at the end of the second quarter of 2013. These repurchases are being made pursuant to the Company's $17 billion share repurchase authorization announced in February 2013.
Is HD going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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