Stocks in News: BHP, Joy Global, Yahoo, Sina

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:-

BHP's (BHP -3%) new CEO Andrew Mackenzie is seen as a back-to-basics guy who will sell underperforming assets and attempt to return more cash to shareholders. Most analysts react favorably, seeing Mackenzie's background as highly suitable. But at least one fund manager worries whether Mackenzie "will have the room to run the business away from the current chairman," Jacques Nasser.

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Joy Global (JOY +2.4%) pulls back from earlier highs after Swedish engineering company Atlas Copco, which is rumored to be in talks to buy Joy, said a conference call for investors this afternoon is merely an update for bondholders and will provide no drama.

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Following months of trials, Yahoo (YHOO +0.6%) has taken the wraps off a huge home page revamp. The new page offers a much more streamlined look, comes with an infinitely scrolling news feed and a slew of personalization options, and enables quick Facebook/Twitter content sharing. Yahoo's home page views were pegged at 4.4B/month last year, making the page a major source of ad revenue. Marissa Mayer suggested at her Goldman conference talk Facebook integration is a priority for Yahoo.

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Sina (SINA) +7.6% as praise pours in for its Q4 beat, which was highlighted by growing Weibo revenue (20% of total). Stifel predicts Weibo, which produced a 2011/2012 surge in R&D spend, will turn an operating profit in Q4. On its earnings call, Sina admitted Tencent's (TCEHY.PK) WeChat mobile messaging platform, which now has 300M registered accounts, contributed to a "slight decrease in average time spent" by Weibo users. But it insisted Weibo and its 500M+ accounts now have a "critical mass," and said it's investing heavily to increase Weibo's mobile reach.

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