Las Vegas, NV -- (SBWIRE) -- 02/07/2013 -- PennyStockParlay.com, 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:-
Cummins Inc. (NYSE:CMI) shares jumped 2.55% and closed at $120.38 in the last trading session. The head of Cummins Inc. yesterday warned that a strong spring buying season for construction machinery in China likely wouldn't revive demand for its engines used by Chinese equipment manufacturers. Cummins Chief Executive Tim Linebarger said large inventories of unsold machinery would have to be pared before production can return to normal levels.
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SINA Corp (NASDAQ:SINA) shares increased 2.54% to $54.44. SINA’s stock has been reiterated by TheStreet Ratings as a hold with a ratings score of C- , on Jan. 23. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures.
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Skyworks Solutions Inc (NASDAQ:SWKS) shares increased 2.50% and closed at $24.18. The company, on Jan. 30, reported first-quarter net income was $66.49 million or $0.34 per share, compared to $57.13 million or $0.30 per share in the comparable quarter last year. Non-GAAP net income for the quarter was $106.6 million or $0.55 per share, up from $96.2 million or $0.51 per share in the year-ago period. Analysts expected the company to report earnings of $0.51 per share for the quarter. Net revenues for the quarter rose to $453.72 million from $393.74 million in the prior year quarter, while analysts had consensus revenue estimate of $450.67 million for the quarter.
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Inovio Pharmaceuticals, Inc. (NYSE:INO) shares climbed 2.50% to $0.820. The company announced yesterday that CEO Dr. J. Joseph Kim will present an overview of the company at RetailInvestorConferences.com on February 7, 2013 at 3:00 PM EST.
Additionally, equities researchers at Maxim Group assumed coverage on shares of Inovio in a report issued on Jan. 31. The firm set a “buy” rating and a $1.00 price target on the stock.
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Guess?, Inc. (NYSE:GES) shares increased 2.46% and closed at $27.03. Buckingham Research downgraded shares of Guess from a neutral rating to an underperform rating in a report issued on Feb. 4. Separately, analysts at Zacks reiterated a neutral rating on shares of Guess in a research note to investors on December 3. They now have a $27.00 price target on the stock.
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