MBIA Inc.(NYSE:MBI) Soars 18% on News- MBI, Nokia Corporation, USB, MSG

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:-

MBIA Inc.(NYSE:MBI) gains 18% after Judge Rakoff issues what may be a precedent-setting ruling in Assured Guaranty vs. Flagstar. The ruling - says a lawyer - puts to rest the main argument MBS originators like BofA and JPMorgan have put forth to counter insurers' claims their breaches of representations and warranties did not cause losses.

Is MBI after A Solid Pop Up? Find Out Here

A Nokia Corporation (ADR)(NYSE:NOK) Windows Phone with a 41MP image sensor (similar to that of the Symbian-based 808 PureView) will launch this summer in the U.S., sources tell The Guardian. A January report from The Verge claimed the phone will have an aluminum body and be sold by AT&T. If the report pans out, the phone should arrive around the same time as Samsung's Galaxy S IV, and just maybe an iPhone 5S. Shares of NOK were up over 4%.

How Should Investors Trade NOK After The recent Earnings Report? Find Out Here

U.S. Bancorp(NYSE:USB) is initiated a Buy with $38 price target by Nomura's Keith Murray. It's not what one might call a table-pounder, but Murray expects buybacks can counter soft revenue growth to allow for mid-high percentage EPS growth. He notes the bank trades at a premium to its peers on price/book, but a discount on PE.

Why Should Investors Consider Buying USB Now?Find Out Here

The Madison Square Garden Co(NASDAQ:MSG) rose 2.36% after the company's FQ2 beat estimates with the MSG Media business strong during the period. On the sports side of the business, Hurricane Sandy and the NHL work stoppage affected growth as MSG Sports could only manage a 1% Y/Y gain. In FQ3, the company runs into a comparable quarter which featured a revenue boost tied to Linsanity.

Is MSG Still a Buy After The Recent momentum? Find Out Here

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