Stocks Alert: MasTec, First Solar, Barrick Gold Corporation, Baidu

Lakeway, TX -- (SBWIRE) -- 03/05/2013 -- 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:-

MasTec, Inc. (NYSE:MTZ) shares fell 2.57% to $29.99. The company, on Mar. 1, announced that it will offer $350,000,000 aggregate principal amount of senior notes in a registered public offering. The senior notes will be MasTec's senior unsecured unsubordinated obligations and will rank equally in right of payment with any existing and future unsubordinated debt, and senior in right of payment to any existing and future subordinated debt. The senior notes will be effectively junior to MasTec's secured debt, including MasTec's existing credit facility, to the extent of the value of the assets securing that debt.

How Should Investors Trade MTZ After The Recent Movement? Find Out Here

First Solar, Inc.(NASDAQ:FSLR) shares declined 2.56% to $24.70. FSLR’s stock was downgraded by equities researchers at Argus to a “hold” rating in a report issued last week.

Additionally, the company, on Feb. 26, reported a fourth-quarter profit of $154.2 million or $1.74 per share, compared to a loss of $413.1 million or $4.78 per share last year. Adjusted earnings for the quarter improved to $2.04 per share from $1.26 per share last year. Analysts expected earnings of $1.76 per share for the fourth quarter. Sales for the three-month period surged to $1.08 billion from $660.35 million a year ago. Analysts expected revenues of $1.32 billion for the fourth quarter.

Is FSLR Strong Buy After The Recent Strong Gains? Get Free Trend Analysis Here

Barrick Gold Corporation (USA) (NYSE:ABX) shares fell 2.55% to $28.65. The company, on Feb. 14, announced that for fiscal 2013, it expects gold production to be 7.0-7.4 million ounces at all-in sustaining cash costs of $1,000-$1,100 per ounce and total cash costs of $610-$660 per ounce and copper production to be 480-540 million pounds.

Is ABX a Buying Opportunity After The Recent Plunge? Don’t Miss Out Our Latest Report Here

Baidu.com, Inc. (ADR) (NASDAQ:BIDU) shares decreased 2.48% and closed at $90.26. The company, on Feb. 4, announced that for the first quarter of 2013, it expects total revenues in an amount ranging from RMB5.890 billion ($945.4 million) to RMB6.080 billion ($975.9 million). Analysts on an average are expecting the Company to report revenues $963.7 million for the first quarter of 2013.

Additionally, CLSA last month has downgraded Internet search engine provider BIDU to Underperform from a Buy citing competition and other reasons. Earlier Goldman Sachs had reduced the target price on its shares to $89 from $135, and put out a bearish note on the company.

How Should Investors Trade BIDU After The Latest Earnings Report? Find Out Here

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