Orlando, FL -- (SBWIRE) -- 09/06/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Micron Technology, Inc. (NASDAQ:MU), Louisiana-Pacific Corporation (NYSE:LPX).
Micron Technology, Inc. (NASDAQ:MU) shares gained 2.83% to $15.17. Altera Corporation (NASDAQ: ALTR) and Micron Technology, Inc. on Sept. 4 announced they have jointly demonstrated successful interoperability between Altera Stratix® V FPGAs and Micron's Hybrid Memory Cube (HMC). This technology achievement enables system designers to evaluate today the benefits of HMC with FPGAs and SoCs for next-generation communications and high-performance computing designs. The demonstration provides an early proof point that production support of HMC will be delivered with Altera's Generation 10 portfolio, in alignment with market timing, and includes both Stratix 10 and Arria 10 FPGAs and SoCs.
Additionally, MU‘s stock had its “hold” rating reaffirmed by analysts at TheStreet in a research report issued to clients and investors on August 26. Separately, MU’s stock had its price objective raised by Nomura from $12.00 to $14.00 in a research report released on August 14. Nomura currently has a neutral rating on the stock.
Are investors worried about the recent updates with MU? Find out with a free trend analysis HERE
Louisiana-Pacific Corporation (NYSE:LPX) shares jumped 11.07% to $16.95. Louisiana-Pacific Corporation and Ainsworth Lumber Co. Ltd. (TSX: ANS) ("Ainsworth") on Sept. 4 announced that they have signed a definitive agreement under which LP will acquire all of the outstanding common shares of Ainsworth for a total consideration which equates to C$3.76 per Ainsworth common share, based on the closing price of LP common shares on September 3, 2013.
The proposed transaction, which has a total value of approximately USD$1.1 billion, including the assumption of debt less Ainsworth's estimated cash balance, represents a premium for Ainsworth shareholders of 30% relative to the closing price of Ainsworth shares of C$2.89 and 24% to the volume weighted average trading price of Ainsworth shares on the TSX over the past 20 trading days as of September 3, 2013.
Additionally, LPX’s stock was upgraded by analysts at DA Davidson from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Sept. 5.
Is LPX going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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