Dallas, TX -- (SBWIRE) -- 03/18/2013 -- 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:-
Spirit AeroSystems Holdings, Inc. (NYSE:SPR) shares climbed 1.44% and closed at $19. The company, on Feb. 12, reported fourth quarter net income of $60.7 million, or 43 cents per share, for the quarter. That's up less than 1 percent from $60.4 million, or 42 cents per share, in the same quarter of the prior year. Revenue rose 17 percent, to $1.43 billion from $1.22 billion, on strong demand and higher production for core products. Analysts were expecting the company to earn 43 cents per share on revenue of $1.36 billion.
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Precision Castparts Corp.(NYSE:PCP) shares gained 1.44% and closed at $194.36 in the previous trading session. SKF AB (SKF-B.SK) said on Mar. 14 that it has signed an agreement to divest its metallic rods business to Precision Castparts for around EUR40 million on a cash and debt free basis.
Additionally, the company will begin trading ex-dividend on March 06, 2013. A cash dividend payment of $0.03 per share is scheduled to be paid on April 01, 2013. Shareholders who purchased PCP stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 50th quarter that PCP has paid the same dividend.
Is PCP a Strong Buying Opportunity After The Recent Slump? Find out Here
Cameco Corporation (USA) (NYSE:CCJ) shares jumped 1.42% and closed at $21.42. The company, on Mar. 8, announced that Victor J. Zaleschuk will step down as Chairman of Cameco's Board of Directors following the corporation's annual general meeting on May 14, 2013. Cameco's board has selected A. Neil McMillan to succeed Zaleschuk as non-executive Chairman of the board, provided he is re-elected at Cameco's annual general meeting. Zaleschuk will continue to serve as a director if re-elected.
Additionally, the company Cameco Corp will begin exporting uranium to China soon, according to the premier of the resource-rich province of Saskatchewan on Mar. 13. The company signed an agreement in 2010 to supply China Nuclear Energy Industry Corporation, a unit of China National Nuclear Corporation (CNNC), with 23 million pounds of uranium concentrate through 2020.
Is CCJ Signaling a Buy After The Sudden Gain? Don’t Miss Out Free Trend Analysis Here
Olin Corporation(NYSE:OLN) shares increased 1.41% to $25.09. Monness Crespi & Hardt upgraded shares of Olin from a neutral rating to a buy rating in a research note issued to investors on Mar. 13. The firm currently has $31.00 target price on the stock. Additionally, analysts at Wells Fargo upgraded shares of Olin from a market perform rating to an outperform rating in a research note to investors on January 31.
Is OLN Signaling a Buy After The Sudden Gain? Don’t Miss Out Free Trend Analysis Here
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