Traders Recap: Nordic American Tanker, Applied Materials, SanDisk Corporation, NIKE

Dallas, TX -- (SBWIRE) -- 03/22/2013 -- 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:-

Nordic American Tanker Ltd(NYSE:NAT) shares gained 6.67% to $11.35. The company, on Mar. 20, announced that the Company has entered into a preliminary agreement to acquire its twenty-first vessel, a very modern double-hull Suezmax tanker delivered from a top yard in South Korea earlier this year. The agreed purchase price is in the region of $55 million. This first class vessel is expected to be delivered to us no later than May 15, 2013. The acquisition will be financed from the financial resources of the Company.

How Should Investors Trade NAT After The Recent Price movement? Find out Here

Applied Materials, Inc.(NASDAQ:AMAT) shares gained 1.74% to $13.19. The company, on Mar. 11, announced that it was named by the Ethisphere Institute, the leading business ethics think-tank, as one of the 2013 World's Most Ethical Companies. According to Ethisphere, Applied secured a hard-earned spot on the list by promoting a culture of integrity and business practices that are instrumental to the company's success, benefit the community, and raise the bar for ethical standards within its industry.

Is AMAT a Strong Buying Opportunity After The Recent Slump? Find out Here

SanDisk Corporation(NASDAQ:SNDK) shares gained 1.78% to $55.60. SNDK‘s stock had its “overweight” rating reiterated by investment analysts at Morgan Stanley in a note issued to investors on Mar. 13. They currently have a $60.00 target price on the stock, up from their previous target price of $55.00.

Is SNDK a Buy After The Latest Price Action? Find Out Here

NIKE, Inc. (NYSE:NKE) shares increased 10.35% to $59.15 after the company on Mar. 21 said that its fiscal third-quarter profit rose to $866 million, or 95 cents a share, from $560 million, or 60 cents, a year earlier. Sales rose 9% to $6.19 billion. Excluding the impact from divesting Umbro and Cole Haan, profit would have risen to 73 cents a share, Nike said. Analysts, on average, were looking at profit of 67 cents a share on sales of $6.2 billion.

Is NKE a Buy After The Latest Price Action? Find Out Here

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