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: JDS Uniphase Corp(NASDAQ:JDSU), Alcoa Inc (NYSE:AA), J.C. Penney Company, Inc.(NYSE:JCP), PulteGroup, Inc.(NYSE:PHM)
JDS Uniphase Corp(NASDAQ:JDSU) shares gained 3.20% to $13.88. The company on August 15 announced that it has priced $575 million aggregate principal amount of its 0.625% Senior Convertible Debentures due 2033 (the "notes") in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. JDSU has granted the initial purchasers a 30-day option to purchase up to an additional $75 million aggregate principal amount of the notes. The sale of the notes is expected to close on August 21, 2013, subject to customary closing conditions.
Additionally, the company on August 13 reported a lower quarterly revenue on weak demand for optical components from telecom customers. The company reported a profit of $92.5 million, or 38 cents per share, in the fourth quarter, compared with a loss of $22.2 million, or 10 cents per share, a year earlier. Excluding one-time items, it earned 13 cents per share. Net revenue fell 3 percent to $421.3 million in the three months ended June 29.
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Alcoa Inc (NYSE:AA) shares fell 1.96% to $8. The company will begin trading ex-dividend on August 07, 2013. A cash dividend payment of $0.03 per share is scheduled to be paid on August 26, 2013. Shareholders who purchased AA stock prior to the ex-dividend date are eligible for the cash dividend payment.
Additionally, the company on July 8 reported a loss far wider than that of a year earlier. But excluding one-time charges, its performance exceeded Wall Street’s expectations. The company reported a second-quarter loss of $119 million, or 11 cents a share. That compared with a loss of $2 million, or break-even on a per-share basis, a year earlier.
Is AA A Good Buy After The Recent Price Movement? Find Out Here
J.C. Penney Company, Inc.(NYSE:JCP) shares dropped 1.52% to $13.64. Billionaire investor and philanthropist George Soros likes ailing retailer JC Penney so much that he added another 2 million shares to his already large investment, according to regulatory filings released on August 14. Soros, who made news four months ago when he first announced a passive stake in company, reported owning 19.98 million shares at the end of the second quarter. The JC Penney holding is now the fourth largest in the portfolio.
Should Investors Rush To Buy JCP After The Solid Rally? Get Special Report Here
PulteGroup, Inc.(NYSE:PHM) shares jumped 3.77% to $16.52. The company on August 15 announced local hiring opportunities for its new corporate headquarters in Atlanta. Gov. Nathan Deal, Atlanta Mayor Kasim Reed and other local business leaders joined PulteGroup for the event at its new corporate offices.
Additionally, the company on July 25 announced second quarter net income of $36 million, or $0.09 per share. In the prior year's second quarter, PulteGroup reported net income of $42 million, or $0.11 per share. Home sale revenues for the second quarter increased 19% to $1.2 billion, compared with $1.0 billion last year.
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