Stamford, CT -- (SBWIRE) -- 08/16/2013 -- High Rising Stocks provides investors with the hot penny stock alerts on a regular basis. We will send you alerts through our Free E Newsletters with High Yielding alerts, market forecasting, stock tips and strategies, and offer you the tools to help you along the way with the goal of keeping you loyal to our service. Today’s stocks to watch are: Cree, Inc.(NASDAQ:CREE), Cliffs Natural Resources Inc(NYSE:CLF), Lennar Corporation(NYSE:LEN), Huntington Bancshares Incorporated (NASDAQ:HBAN)
Cree, Inc.(NASDAQ:CREE) shares increased 3.81% to $58.06. The company on August 13 announced revenue of $375.0 million for its fourth quarter of fiscal 2013, ended June 30, 2013. This represents a 22% increase compared to revenue of $306.8 million reported for the fourth quarter of fiscal 2012, and a 7% increase compared to the third quarter of fiscal 2013. GAAP net income for the fourth quarter was $28.2 million, or $0.23 per diluted share, an increase of 182% year-over-year compared to GAAP net income of $10.0 million, or $0.09 per diluted share, for the fourth quarter of fiscal 2012.
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Cliffs Natural Resources Inc(NYSE:CLF) shares decreased 2.57% to $23.14. The company on July 25 reported second-quarter results for the period ended June 30, 2013. Consolidated revenues of $1.5 billion decreased $91 million, or 6%, from the previous year. The lower revenues were driven by an 11% decrease in global seaborne iron ore pricing to an average of $126 per ton for a 62% Fe fines product (C.F.R. China). Cost of goods sold increased by 7% to $1.2 billion, primarily driven by higher sales volumes in North American Coal and U.S. Iron Ore, unfavorable inventory adjustments and higher idle costs.
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Lennar Corporation(NYSE:LEN) shares jumped 2.61% to $34.15. Compass Point downgraded shares of Lennar Corp. from a buy rating to a neutral rating in a report issued on July 26. They currently have $39.00 target price on the stock, down from their previous target price of $49.50. Separately, analysts at Zacks upgraded shares of Lennar Corp. from a neutral rating to an outperform rating in a research note to investors on July 15. They now have a $44.00 price target on the stock.
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Huntington Bancshares Incorporated (NASDAQ:HBAN) shares gained 1.12% to $8.56. The company on August 6 was named the top performing bank in the nation by Bank Director Magazine in its recent annual Bank Performance Scorecard issue, the magazine announced. The scorecard lists the top performing publicly traded banks across the nation in three categories based on asset size. There were 289 banks participating this year. The company came in first in the $50 billion and up category, moving up to the top spot from last year when it was second in the rankings.
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