Stocks in Focus: AbbVie, Endeavour Silver Corp., Apple, Hovnanian Enterprises

Lakeway, NY -- (SBWIRE) -- 03/18/2013 -- ThePennyStockProfiler.com, 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:-

AbbVie Inc (NYSE:ABBV) shares jumped 2.50% and closed at $38.50. Bank of America reported on Mar. 11 that it has increased its price target on ABBV. The firm has reaffirmed a “Buy” rating on ABBV, and has raised the company’s price target from $40 to $42.

Additionally, AbbVie Inc. (ABBV) filed two lawsuits against the European Medicines Agency at the European Union General Court in Luxembourg “seeking to protect AbbVie’s confidential and commercially sensitive information,” the company said in an e-mailed statement on Mar. 11.

How Should Investors Trade ABBV After The Recent Price movement? Find out Here

Endeavour Silver Corp. (CAN) (NYSE:EXK) shares increased 2.61% and closed at $6.29. The company, on Feb. 25, announced that for the ninth consecutive year, it has delivered substantial growth of its consolidated silver and gold reserves and resources. Last year, the company's discoveries in the Milache area at Guanacevi, the Lana vein at Bolanitos and the Terronera vein at San Sebastian all contributed significantly to its resource growth.

Is EXK a Strong Buying Opportunity After The Recent Slump? Find out Here

Apple Inc. (NASDAQ:AAPL) stock gained 2.58% to $443.66. Peter Misek of Jefferies & Co. argued in a note to clients recently that Apple Inc. may need to keep more of its cash than investors realize. The report was issued ahead of Apple's annual shareholder meeting, where the issue of its massive $137 billion cash pile is expected to be discussed.

Additionally, after much of speculations, rumors, debates and recent discussions over Apple Inc iWatch and its launch date, the fresh feed is reportedly claiming that Apple could launch the revolutionary device anytime later this year. The iPhone maker is actively chasing the market that could reportedly benefit him with $3.6 Billion as profit.

Is AAPL a Pump & Dump Story? Let’s Find out Here

Hovnanian Enterprises, Inc. (NYSE:HOV) stock climbed 2.57% to $5.99. The company, on Mar. 6, reported first-quarter net loss of $11.3 million or $0.08 per share, from $18.3 million or $0.17 per share, in the prior year's fiscal first quarter. Analysts expected the company to report a loss of $0.10 per share for the quarter. Adjusted pre-tax loss for the quarter was $20.1 million compared with a pre-tax loss of $34.3 million during the same quarter a year ago. Total revenues were $358.2 million for the fiscal 2013 first quarter up 32.9% compared with $269.6 million in the fiscal first quarter of 2012. Analysts had consensus revenue estimate of $381.11 million for the quarter.

Is HOV a Strong Buying Opportunity After The Recent Gain? Find out Here

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