Lakeway, TX -- (SBWIRE) -- 03/18/2013 -- 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:-
Sony Corporation (ADR) (NYSE:SNE) shares fell 1.97% to $16.92. An analyst at Daiwa Securities boosted rating on the stock to ‘buy’ from ‘neutral,’ citing that the company could turn profitable in fiscal 2014 due to strong smartphone sales.
Additionally, the company, on Mar. 13, said it is planning to release mid-range phones in its Xperia lineup. One device is that expect to have an association with the Xperia L. The Xperia L family phone also referred as C210X and is now codenamed Tao Shan has been leaked on Internet. Despite this, the other Xperia smartphone that has been marked in the feral recently is the Xperia SP.
How Should Investors Trade SNE After The Recent Movement? Find Out Here
Taiwan Semiconductor Mfg. Co. Ltd. (ADR)(NYSE:TSM) shares dropped 1.81% to $17.32. TSM’s stock was downgraded by UBS AG from a “buy” rating to a “neutral” rating in a research note issued on Mar. 13. They currently have a $18.54 price target on the stock. Additionally, analysts at TheStreet reiterated a “buy” rating on shares of Taiwan Semiconductor Mfg. Co. in a research note to investors on Mar. 4.
Is TSM Strong Buy After The Recent Strong Gains? Get Free Trend Analysis Here
Metlife Inc (NYSE:MET) shares fell 1.32% to $39.67. MetLife's 11th Annual Study of Employee Benefits Trends, released today, reveals that while only two out of five U.S. workers would strongly recommend their employer as a "great place to work," those who do are three times more likely to be satisfied with their benefits.
Additionally, the company, on Mar. 11, announced that it, through MetLife Private Capital Investors, invested $8.1 billion in private securities during 2012. Active in the private market for over 90 years, the company is one of the largest private investors globally. MetLife manages over $54.0 billion, predominantly composed of its own account as well as assets for other institutions.
Is MET a Buying Opportunity After The Recent Plunge? Don’t Miss Out Our Latest Report Here
Marvell Technology Group Ltd. (NASDAQ:MRVL) stock decreased 1.17% to $10.57. The company will begin trading ex-dividend on March 12, 2013. A cash dividend payment of $0.06 per share is scheduled to be paid on April 04, 2013. Shareholders who purchased MRVL stock prior to the ex-dividend date are eligible for the cash dividend payment.
Additionally, the company, on Feb. 21, reported a fiscal fourth-quarter profit of $50 million, or 9 cents a share, on $775 million in revenue. During the same period a year ago, Marvell earned $81 million, or 13 cents a share, on revenue of $743 million. Adjusted earnings were $104 million, or 19 cents a share. Analysts had forecast Marvell to earn 13 cents a share on sales of $721 million.
How Should Investors Trade MRVL After The Latest Earnings Report? Find Out Here
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