Lakeway, TX -- (SBWIRE) -- 02/22/2013 -- 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:-
Coca-Cola (KO +1.9%) agrees to buy more shares in UK smoothie maker Innocent to takes its stake to over 90%. What to watch: With the latest investment from Coca-Cola, the founders will step back from running operations - as will presumably the philosophy of donating 10% of profits to charity. Right now, Innocent sells close to 2M smoothies a week, a level likely to move higher with the marketing machine at Coca-Cola revving up.
Is KO after A Solid Pop Up? Find Out Here
Flowserve (FLS +3.3%) moves up on a slightly better than expected Q4 report late yesterday. Net earnings rose 13% as the valve-and-pump manufacturer recorded sales growth across all business segments. Sales in the engineered-product division, its largest top-line contributor, grew 7.2%, while the industrial-product division's revenue rose 1.5% and its flow-control division were up 4.4% . Gross margin widened to 33.7% from 33.2% despite a 4.2% rise in input costs.
Will FLS Continue To Trend Higher After The Recent Gain? Find Out Here
Investors in Redwood Trust (RWT -3.5%) take profits and maybe create a buying opportunity after the company blows past earnings estimates. In its shareholder letter (no earnings call), management states a goal of $7B in jumbo loans acquired and securitized in 2013 (did $2.3B in 2012). Deutsche bumps its price target to $25.50 from $20.50.
Is RWT a Buy Opportunity After The Recent Slump? Find Out Here
Allied Nevada Gold (ANV -6%) plumbs a new 52-week low after revising expected 10-year annual gold production at its Hycroft mine to 552K ounces from 582K. Average production cost is $146/oz. SA Pro author Thomas Lott - not a gold bug - likes the stock, particularly since Allied's size makes it far more likely to be an acquiree than an acquirer.
Is ANV Still a Buy After The Recent momentum? Find Out Here
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