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:-
AuRico Gold Inc (USA) (NYSE:AUQ) shares decreased 2.58% to $6.05. The company, on Feb. 21, announced that as part of the Company's long-term strategy to maximize shareholder value, the Board of Directors has approved the implementation of a new, two-tiered dividend policy: In 2013, the Company will pay an annual dividend of $0.16 per common share (payable quarterly). The first quarterly dividend ($0.04 per common share) is expected to be declared on March 25, 2013.
How Should Investors Trade AUQ After The Recent Movement? Find Out Here
Newfield Exploration Co. (NYSE:NFX) shares dropped 2.47% to $22.49 after Equities researchers at FBR Capital dropped their target price on shares of NFX from $38.00 to $32.00 in a report issued on Monday. The firm currently has an “outperform” rating on the stock.
Additionally, the company, on Feb. 19, reported fourth-quarter net loss of $33 million or $0.24 per share, compared with net income of $269 million or $2.00 per share last year. Analysts expected earnings of $0.43 per share for the quarter. Revenues for the quarter were $646 million, compared with $677 million a year ago. Analysts on consensus estimated revenues of $642.73 million.
Is NFX Strong Buy After The Recent Strong Gains? Get Free Trend Analysis Here
Apple Inc. (NASDAQ:AAPL) stock fell 2.42% to $420.05. Peter Misek of Jefferies & Co. argued in a note to clients last week 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. In his note, Misek wrote that Apple "is potentially facing a very rough two-year period due to capex requirements, new subsidy models, slowing international sales, and whitebox smartphones."
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 Buying Opportunity After The Recent Plunge? Don’t Miss Out Our Latest Report Here
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