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:-
ArcelorMittal (ADR) (NYSE:MT) shares fell 2.20% to $14.20. The company, on Feb. 6, announced that the Company expects to report FY 2013 EBITDA to be higher as compared to FY 2012 EBITDA. The Company reported FY 2012 EBITDA of USD 7.1 billion. Analysts are expecting the Company to report FY 2013 EBITDA of USD 8,110.19.
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MGM Resorts International (NYSE:MGM) stock decreased 2.17% to $12.16. The company, last week, inked a deal on Friday with billionaire Philip Anschutz’s AEG to build a 20,000 square-foot indoor arena in Las Vegas. The casino and hotel operator, which is based in Las Vegas, said the arena will be financed with equity contributions from each of the partners as well as privately-funded third-party financing.
Additionally, the company prior last week reported loss per share for the fourth quarter of 2012 of $2.50 compared to a loss per share of $0.23 in the prior year fourth quarter. The company reported adjusted loss of 23 cents per share, compared with analysts' expectations of a loss of 22 cents per share. The company’s revenue fell marginally to $2.29 billion. Analysts on average had expected $2.31 billion.
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Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) shares fell 2.17% to $14.45. PBR’s stock, on Mar. 1, has been reiterated by TheStreet Ratings as a hold with a ratings score of C . The company's strengths can be seen in multiple areas, such as its increase in net income, attractive valuation levels and growth in earnings per share.
Additionally, the company, prior last week, said that its oil production in Brazil fell to 1.965 million barrels a day equivalent in January, down 3.3 percent from December's average rate. The company said the shutdown of platform SS-11 for maintenance in the Bauna Field was the principal cause of the drop in production, but planned maintenance and operational problems with other platforms also factored into the monthly numbers.
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