News Buzz: Goldman Sachs Group, Apollo Residential Mortgage, Michael Kors Holdings

Lakeway, TX -- (SBWIRE) -- 03/08/2013 -- 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:-

Goldman Sachs Group, Inc.(NYSE:GS) shares dropped 2.14 % to $153.25.The company on March 7, announced that as required under the Dodd-Frank Wall Street Reform and Consumer Protection Act (DFA), the Company and Goldman Sachs Bank USA have published a summary of the results of the DFA stress tests performed by each of them under the Federal Reserve's severely adverse scenario.

Additionally, the company yesterday said it has hired Morgan Stanley's Asia investment banking head Kate Richdale, the most senior banker in the region to switch firms so far this year.

How Should Investors Trade GS After The Recent Movement? Find Out Here

Apollo Residential Mortgage Inc(NYSE:AMTG) shares declined 2.34% to $22.15.The company on March 8,declared it has priced an underwritten public offering of 6,800,000 shares of common stock.It has granted the underwriter a 30-day option to purchase up to an additional 1,020,000 shares of common stock. The offering is expected to close on March 13, 2013, and is subject to customary closing conditions. The company intends to use the net proceeds from the offering to acquire Agency residential mortgage-backed securities or "RMBS", non-Agency RMBS and other residential mortgage assets.

Is AMTG Strong Buy After The Recent Strong Gains? Get Free Trend Analysis Here

Michael Kors Holdings Ltd(NYSE:KORS) shares decreased 1.17% to $57.53 in the early hour. KORS’s stock today has been reiterated by TheStreet Ratings as a hold with a ratings score of C- . The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity and robust revenue growth.

Additionally, the company last month announced the pricing of the secondary offering of 25,000,000 ordinary shares by certain selling shareholders at a price of $61.50 per share. In addition, certain of the selling shareholders have granted the underwriters a 30-day option to purchase up to an additional 3,750,000 ordinary shares.

Is KORS a Buying Opportunity After The Recent Plunge? Don’t Miss Out Our Latest Report Here

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