Lakeway, TX -- (SBWIRE) -- 02/06/2013 -- 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:-
Becton, Dickinson and Co. (NYSE:BDX) moved up after its FQ1 easily tops estimates. Net profit more than doubled on revenue growth across all segments, while margins widened to 52.9% from 50.8%. Sales in its U.S. markets grew by 3% Y/Y, and 4.3% internationally. Sales in its medical unit, the largest by revenue, rose 3.5%. For the current year, The company bumps up the bottom end of revenue guidance, now expecting revenue growth starting at 4% versus its prior view of 3.5%, and an EPS of between $5.69 and $5.72, up from its earlier view of $5.58 to $5.64. Shares of BDX ended higher by 2.95%.
Is BDX after A Solid Pop Up? Find Out Here
SandRidge Energy Inc. (NYSE:SD) is downgraded to Underweight with a $5 price target (down from $9.50) at J.P. Morgan, citing too much risk relative to any potential upside. The firm says if TPG-Axon wins its consent solicitation, the stock probably moves up, but the stock likely gets hit hard if it loses. Regardless, SD seems to need extraordinary measures to avoid a financial crunch.
How Should Investors Trade SD After The recent Earnings Report? Find Out Here
Alliant Techsystems Inc. (NYSE:ATK) gains after its FQ3 beats on its bottom line, despite declining revenue. Net earnings rose 27% Y/Y, as the defense contractor racked up lower SG&A expenses and input costs. Aerospace sales were virtually flat, while the defense group dropped 18% to $467M, driven by lower sales in the small caliber systems and energetics divisions. In the sporting group however, sales climbed 18% to $288M, boosted by higher unit volume and ammunition price increases. The company raises FY guidance, now forecasting earnings of $7.90 to $8.10 a share on revenue of $4.25B to $4.3B.
Why Should Investors Consider Buying ATK Now? Find Out Here
Linkedin Corporation (NYSE:LNKD) underperformed ahead of Thursday's Q4 report even though Piper has launched coverage with an Overweight and $150 PT. The professional social networking giant has surged to new highs since delivering a strong Q3 report, and now trades at 94x 2013E EPS. A recent WSJ survey highlighted LinkedIn's growing popularity with small businesses as a marketing platform.
Is LNKD Still a Buy After The Recent momentum? Find Out Here
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