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:-
Though Carnival (CCL -1.3%) has a track record of bouncing back from mishaps with its cruise ships, it might not be smooth sailing this time around with the stranded Triumph escapade catching the eye of Senator Jay Rockefeller. The politician wants to know the cost to the government of responding to cruise incidents in what could be the first step to force overseas operators such as Carnival and Royal Caribbean (RCL -0.4%) to pay higher levies for conducting business in the U.S.
Is CCL after A Solid Pop Up? Find Out Here
Shares of Volcano (VOLC -14.6%) slip after revising guidance lower late yesterday, saying revenue for 2013 will come in between $406M to $412M, on an EPS of $0.08 to $0.11 per share. Goldman cut the stock to Neutral from Conviction Buy on the news, saying the lower outlook points to continued pressure on its base business, slowing new growth drivers, and lower EBIT leverage. William Blair also reduces it to Market Perform, while First Analyis downgrades it to Equal Weight.
Will VOLC Continue To Trend Higher After The Recent Gain? Find Out Here
PBF Energy (PBF +2.2%) is upgraded to Overweight at Simmons on "early signs of success" from its crude procurement strategy. The firm views PBF as "the high reward/risk stock in the refining universe,” with the cheapest valuation and most upside potential. Benchmark ups its target price to $48 from $40, noting the planned expansion of the Delaware City rail terminal offers revaluation catalysts down the road.
Is PBF a Buy Opportunity After The Recent Slump? Find Out Here
Ebix (EBIX -9.4%) responds to SA contributor Gotham City Research's claims of improper accounting with a terse PR that calls Gotham's assertions "unsubstantiated," and insists Ebix's financial reporting "complies with all SEC reporting requirements." Investors aren't sold on Ebix's defense; shares are now down 33% since Gotham's report came out.
Is EBIX Still a Buy After The Recent momentum? Find Out Here
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