Stocks in Focus: Cemex SAB de CV, Swift Transportation Co., Steel Dynamics, Micron Technology

Dallas, TX -- (SBWIRE) -- 03/11/2013 -- Marketbuzzreport.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:-

Cemex SAB de CV (ADR) (NYSE:CX) shares gained 3.03% to $11.92. The company, on Feb. 7, announced that for the full year 2012, operating EBITDA increased by 10% to US$2.6 billion, with net sales reaching US$15.0 billion a decline of 2% on a year-over-year basis. During the fourth quarter, operating EBITDA increased by 13% to US$611 million while net sales were stable at US$3.7 billion.

Get Latest News, Updates on CX Here

Swift Transportation Co (NYSE:SWFT) shares jumped 3.02% to $13.97. Bank of America reiterated its Buy rating on Swift Transportation on Mar. 4, and raised its price target from $15.00 to $17.00. Bank of America increased their 2013 and 2014 EPS estimates 3% each, to $1.19 and $1.35, from $1.15 and $1.30, respectively. Additionally, they are increasing their price objective 13%, to $17 from $15, as they increase target multiple to 14x from 13x.

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

Steel Dynamics, Inc. (NASDAQ:STLD) shares gained 2.97% to $15.95. The company, on Mar. 4, announced that the company's board of directors has declared a quarterly cash dividend of $0.11 per common share, a 10 percent increase over the company's 2012 quarterly rate. The dividend is payable to shareholders of record at the close of business on March 31, 2013, and is payable on or about April 12, 2013.

Is STLD Signaling a Buy After The Sudden Gain? Don’t Miss Out Free Trend Analysis Here

Micron Technology, Inc. (NASDAQ:MU) shares increased 2.91% to $9.20. Micron Technology and LFoundry, on Feb. 25, announced that the companies have entered into agreements for LFoundry to acquire Micron Technology Italia, Srl. and all of its semiconductor fabrication facility assets in Avezzano, Italy. Under the agreements, Micron will assign to LFoundry its four-year supply agreement with Aptina to manufacture image sensors at the 200 millimeter Avezzano facility.
Additionally, thestreet reaffirmed their hold rating on shares of Micron in a report issued on Mar. 6.

Get latest News, Updates on MU Here

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