Friday's Review: Caesars Entertainment, Safeway, FMC Tech, Cabot Oil & Gas

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:-

Shares of Caesars Entertainment (CZR +5.5%) are ripping higher off of buzz over the potential for online gambling in Nevada and New Jersey. Despite the enthusiasm, the company's serious debt load has some industry watchers speculating that the it may need to shed more assets - perhaps even minority stakes in its online division.

Is CZR after A Solid Pop Up? Find Out Here

FMC Tech (FTI +1.5%) is upgraded to Buy from Hold at Dahlman Rose, which detects "a powerful wave of orders" that will affect subsea equipment providers for five years and perhaps longer; "no one will benefit more from this wave than FMC." The firm sees a major upswing in earnings beginning in 2014 and lasting through the end of the decade.

Will FTI Continue To Trend Higher After The Recent Gain? Find Out Here

Execs with Safeway (SWY) were asked during the company's earnings call (transcript) about speculation that a REIT spinoff could be in the offing to enhance shareholder value. In a bit of a tease, they danced around the issue before noting they would address it during a 4-hour investor conference slated for March 6. Safeway on the REIT topic: "We've done some work here and then we'll provide our thoughts in a more extensive manner."

Is SWY a Buy Opportunity After The Recent Slump? Find Out Here

Cabot Oil & Gas (COG +8%) rockets to the top of the S&P 500 leader board after posting strong Q4 beats in earnings and revenues. Year-end 2012 proved reserves rose 27% Y/Y to 3.8T cfe, the third consecutive year of reserve growth exceeding 20%. COG says it had 15 of the top 20 producing Marcellus wells in Pennsylvania during 2012. $1B capex plan for 2013 remains unchanged.

Is COG Still a Buy After The Recent momentum? Find Out Here

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