Orlando, FL -- (SBWIRE) -- 10/17/2013 -- 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 MGIC Investment Corp.(NYSE:MTG), Advanced Micro Devices, Inc. (NYSE:AMD).
MGIC Investment Corp.(NYSE:MTG) shares increased 14.74% to $8.33. The company on Oct. 16 swung to an unexpected third-quarter profit as the struggling mortgage insurer incurred sharply lower expenses and losses thanks to fewer new delinquencies as well as a decline in the rate and severity of claims.
The company reported a profit of $12.1 million, or four cents a share, compared with a year-earlier loss of $246.9 million, or $1.22 a share. Revenue decreased 17% to $254.4 million. Analysts recently expected a per-share loss of 13 cents and revenue of $260.9 million. Net premiums written fell 11% to $234.3 million and net premiums earned declined 13% to $231.9 million. Investment income dropped by a third.
Additionally, Investment analysts at Susquehanna increased their target price on shares of MGIC Investment from $12.00 to $13.00 in a note issued to investors on Oct. 15. The firm currently has a “positive” rating on the stock. Susquehanna’s price target indicates a potential upside of 79.06% from the company’s current price.
Are investors worried about the recent updates with MTG? Find out with a free trend analysis HERE
Advanced Micro Devices, Inc. (NYSE:AMD) shares gained 1.74% to $4.09. The company announced that it will webcast its quarterly earnings conference call on Thursday, October 17, 2013 at 5:30 p.m. EDT / 2:30 p.m. PDT to discuss the results of its fiscal third quarter ending September 28, 2013.
Additionally, the company on Oct. 8 launched AMD Radeon™ R7 240, AMD Radeon™ R7 250 and AMD Radeon™ R7 260X, new GPUs for a new era in gaming. AMD Radeon™ R7 Series graphics cards are an ideal solution for everyday gamers looking to boost the graphics performance of their PCs.
Is AMD going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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