Orlando, FL -- (SBWIRE) -- 09/20/2013 -- 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 GT Advanced Technologies Inc(NASDAQ:GTAT), Vale SA (ADR)(NYSE:VALE).
GT Advanced Technologies Inc(NASDAQ:GTAT) shares increased 10.60% to $8.35. Credit Suisse has upgraded its price-target for GT Advanced Technologies Inc (NASDAQ:GTAT) on Sept. 18 from $4.50 to $5.00 and it has currently assigned a “neutral” rating in the stock. Separately, Stephen Chin of UBS boosted GT Advanced, a sapphire equipment supplier, to "Buy" from "Neutral." He increased its price target to $10 from $5.50. Chin said in a client note that it seems that the major consumer electronics companies are using sapphire as a key way to differentiate their products. GT Advanced produces sapphire used in the LED and other markets, such as the aerospace, defense, and medical devices.
Are investors worried about the recent updates with GTAT? Find out with a free trend analysis HERE
Vale SA (ADR)(NYSE:VALE) shares declined 1.14% to $16.52. The company on Sept. 10 said it is banking on a pickup in the Chinese economy to lift steelmaking demand, which could pave the way for the mining company’s supersize ships to directly supply the market that they were designed to serve, but that now bars them from docking there.
A decision by Beijing to loosen restrictions on these cargo ships, known as Valemaxes, would be a strategic boon for the world’s largest producer of iron ore, a key steelmaking ingredient.
Is VALE going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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