Orlando, FL -- (SBWIRE) -- 10/09/2013 -- 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 Alcatel Lucent SA (ADR) (NYSE:ALU), Rite Aid Corporation (NYSE:RAD).
Alcatel Lucent SA (ADR) (NYSE:ALU) shares declined 9.35% to $3.49. The company on Oct. 7 will slash 15,000 jobs, people familiar with the matter said, the latest step in the telecommunications-equipment maker’s plan to reshape itself as a smaller company focused on a handful of core businesses. The money-losing company plans to announce Tuesday that it will cut the jobs, largely in older technologies such as second- and third-generation wireless equipment, the people said. The company also plans to add roughly 5,000 new jobs in growth areas, such as Internet-routing, one of the people added. The announcements will be part of a morning union meeting.
Additionally, the company on Sept. 24 announced that it will deploy an IP-based mobile backhaul network to support LTE-Advanced services for SK Telecom (NYSE: SKM, KSE: 017670), Korea's largest mobile operator.
Are investors worried about the recent updates with ALU? Find out with a free trend analysis HERE
Rite Aid Corporation (NYSE:RAD) shares declined 3.85% to $5. The company on Oct. 3 announced sales results for September. For the four weeks ended Sept. 28, 2013, same store sales increased 1.9 percent over the prior-year period. September front-end same store sales decreased 0.5 percent. Pharmacy same store sales, which included an approximate 100 basis points negative impact from new generic introductions, increased 3.1 percent. Prescription count at comparable stores increased 0.9 percent over the prior-year period.
Additionally, RAD‘s stock had its “buy” rating reiterated by research analysts at Raymond James in a report released on Oct. 7. They currently have a $6.00 price objective on the stock, up from their previous price objective of $5.00. Raymond James’ target price would indicate a potential upside of 20.00% from the stock’s previous close.
Is RAD going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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