Stocks in Focus: Apollo Group, ICICI Bank Limited, Standard Pacific Corp., KBR

Lakeway, TX -- (SBWIRE) -- 03/06/2013 -- vbtrendreport.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:-

Apollo Group Inc (NASDAQ:APOL) shares gained 3.09% to $16.70. The company on Feb. 25 announced that The Higher Learning Commission has determined that Apollo's wholly-owned subsidiary University of Phoenix is not in compliance with Criterion One of the Criteria for Accreditation, Core Component 1d, and certain of the related Minimum Expectations.

Additionally, the company, on Feb. 25, disclosed that a HLC peer review team determined that the University is not in compliance with Criterion One of the Criteria for Accreditation, Core Component 1d, and certain of the related Minimum Expectations, all of which relate to the University’s administrative structure and governance.

How Should Investors Trade APOL After The Solid Jump? Let’s Find Out Here

ICICI Bank Limited (ADR) (NYSE:IBN) shares gained 3.07% to $43.36. Business Standard last month reported that Telecom services provider Aircel in partnership with ICICI Bank Ltd has launched mobile banking service, Mobile Money, running on Visa's mobile managed service. The service financial services like cash deposits and withdrawals, third party money transfer and utility bill payments on user's mobile phones. The customers will be able to use the service without a data connection service, Aircel said in a statement. The service will be initially be available in Tamil Nadu, it said, adding that rollout to other parts the country will happen during 2013.

Is IBN Ready To Jump Again After The Solid Momentum? Get Free Trend Analysis Here

Standard Pacific Corp. (NYSE:SPF) shares increased 3.06% to $8.75. The company, on Jan. 31, reported fourth-quarter net income of $286.8 million or $1.22 per share, compared to $8.7 million or $0.04 per share in the comparable quarter last year. Analysts expected the company to earn $0.07 per share for the quarter. Total revenues for the quarter rose to $419.84 million from $293.16 million in the prior-year quarter, while analysts had a consensus revenue estimate of $372.87 million for the quarter.

Additionally, SPF’s stock had its target price boosted by FBR Capital from $8.50 to $9.50 in a research note issued to investors on Feb. 7.

Is SPF Buy After The Recent Price Movement? Find Out Here

KBR, Inc. (NYSE:KBR) shares climbed 3.04% and closed at $29.86. The company yesterday announced it was selected by PT Panca Amara Utama (PAU) to provide licensing, engineering services and proprietary equipment for a new grassroots ammonia plant in Sulawesi, Indonesia. PAU's plan for a world scale grassroots plant with Ammonia capacity of 2000 Metric tonnes per day, will be built by Toyo Engineering Corporation and will be designed using KBR's Reforming Exchanger System and Purifier Technology.

Is KBR Ready To Jump Again After The Solid Momentum? Get Free Trend Analysis Here

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