Lakeway, TX -- (SBWIRE) -- 02/20/2013 -- 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:-
Allscripts (MDRX +12.7%) adds to yesterday's post-session gains following a mixed Q4 report that missed estimates, but showed solid gains in bookings over the period. Baird called the quarter "horrible," "atrocious" and a "disaster," but Jefferies saw progress in the numbers, adding that a "sizable inpatient cross-sell, and a new inpatient win (both in 1Q13) will give some bulls hope." It raises its price target to $11.50 from $10 on the report.
How Should Investors Trade MDRX After The Recent Movement? Find Out Here
Shares of J.C. Penney (JCP +4.7%) skip higher on some speculative buying which could be tied to a report that Kohl's is a buyout target. What to watch: Next week, JCP reports Q4 earnings where signs of life will be looked for intensely by analysts. Though the retailer is hitting a period of softer comps, those two-year revenue snapshots will still be tough to digest.
Is JCP Strong Buy After The Recent Strong Gains? Get Free Trend Analysis Here
Endeavour International (END +5%) moves higher as an SEC filing reveals 10% owner Steelhead Partners bought 250K shares at $3.52-$3.56 worth ~$900K, and despite a downgrade to Neutral with a $5 price target (down from $9) at Global Hunter. The firm is unsettled by END's liquidity situation after Rochelle's first production suffered a major setback.
Is END a Buying Opportunity After The Recent Plunge? Don’t Miss Out Our Latest Report Here
Millennial Media (MM -34.7%) is falling apart in response to its Q4 revenue miss and light guidance. On the earnings call, Millennial blamed the Q4 shortfall on a decision not to participate in certain low-end, performance-based, ad campaigns (often tied to app downloads), and the failure of some brand ad deals to materialize. No explanation is given for the guidance beyond seasonality. The comments are bound to raise concerns about competition. Ad prices rose 10.3% Q/Q, and Millennial has confirmed its purchase of ad targeting platform Metaresolver.
How Should Investors Trade MM After The Latest Earnings Report? Find Out Here
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