Orlando, FL -- (SBWIRE) -- 08/23/2013 -- 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 Whirlpool Corporation (NYSE:WHR), Cabot Oil & Gas Corporation (NYSE:COG).
Whirlpool Corporation (NYSE:WHR) shares fell 0.92% to $135.60 in the pre-market hour. The board of directors of Whirlpool Corporation declared on August 20 a quarterly dividend of 62.5 cents per share on the company's common stock. The dividend is payable September 15, 2013, to stockholders of record at the close of business on August 30, 2013.
Additionally, the company on August 13 announced that it has entered into agreements to become a majority shareholder (51 percent) in Hefei Rongshida Sanyo Electric Co. Ltd. [600983: Shanghai], a leading home appliances manufacturer based in Hefei, China. Through this transaction, a Whirlpool Corporation subsidiary will acquire all shares currently owned by Sanyo Electric Co. Ltd. and Sanyo Electric Co. (China) Ltd., and purchase new Hefei Sanyo shares via a private placement.
Are investors worried about the recent updates with WHR? Find out with a free trend analysis HERE
Cabot Oil & Gas Corporation (NYSE:COG) shares closed at $38.88. The company on August 16 said it hosted a Natural Gas Celebration to highlight the benefits of expanded natural gas usage across northeastern Pennsylvania. The event featured displays by companies and organizations throughout the region that are using natural gas in their equipment and products, as well as displays from local colleges that have expanded their course offerings to meet the growing demand for employees in the industry.
Additionally, Canaccord Genuity analyst Robert Christensen initiated coverage on Cabot Oil & Gas Corporation with a Buy rating and $45.00 price target on August 20.
Canaccord Genuity believe COG is simply put the best dry gas producer in the US today and that it can continue its growth in the northeast Marcellus Shale for years to come. The shift to pad drilling and numerous pipeline expansions in the region give the analysts added assurance in COG's growth.
Is COG going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
Join Our Mobile SMS Alerts By Texting Stocks To 555888
HotStockProfits.com continuously monitors and scans the markets for day trading and swing trading signals on NASDAQ, NYSE, AMEX, OTCBB and Pink Sheet companies for its free e-newsletter subscribers.
HotStockProfits.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit HotStockProfits.com website, for complete risks and disclosures.
Copyright © 2005-2013 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-593-5640 (International)