Orlando, FL -- (SBWIRE) -- 09/13/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Dominion Resources, Inc. (NYSE:D), Fusion-IO, Inc.(NYSE:FIO).
Dominion Resources, Inc. (NYSE:D) stock climbed 2% to $59.78. The company on Sept. 12 said it will form a master-limited partnership for natural gas assets next year that may generate as much as $2 billion annually in earnings. Initial holdings would include the Cove Point liquefied natural gas terminal in Maryland and Dominion’s stake in Blue Racer Midstream LLC, a joint venture in Ohio’s Utica Shale, Chief Executive Officer Thomas Farrell said at a New York conference sponsored by Barclays Plc. (BARC) The partnership may generate as much as $1 billion of earnings before interest, taxes, depreciation and amortization annually, he said.
Additionally, The Energy Department said on Sept. 11 it has granted conditional approval for Dominion Cove Point LNG to export domestically produced liquefied natural gas to countries that don't have a free-trade agreement with the U.S.
Moreover, the company on Sept. 11 welcomed approval from the U.S. Department of Energy for natural gas exports to non-Free Trade Agreement countries from its Dominion Cove Point LNG facility on the Chesapeake Bay in Lusby, Maryland.
Are investors worried about the recent updates with D? Find out with a free trend analysis HERE
Fusion-IO, Inc.(NYSE:FIO) shares declined 1.02% to $14.49. The company may be Seagate Technology Plc (STX)’s ticket to catching up with Western Digital (WDC) Corp. in flash-memory technology. Western Digital said this week it’s buying smaller competitor Virident Systems Inc. for $685 million. Fusion-io, which counts Apple Inc. and Facebook Inc. as its top customers, would give Seagate a stronger position in flash memory, a preferred technology for cloud computing because it provides faster access to data.
Additionally,FIO’s stock was upgraded by research analysts at FBN Securities from a “sector perform” rating to an “outperform” rating in a report released on Sept. 9. The firm currently has a $15.00 price target on the stock. FBN Securities’ target price indicates a potential upside of 38.50% from the company’s current price.
Moreover, the company announced that Gary Orenstein, EVP of Marketing, John Spiers, SVP and General Manager, ioControl Hybrid Storage, and Afshin Daghi, VP of Systems Engineering, ION Data Accelerator, hosted a Tech Talk with Bank of America Merrill Lynch on Thursday, September 12, 2013 at 9 a.m. (PT).
Is FIO going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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