Orlando, FL -- (SBWIRE) -- 09/23/2013 -- 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 Qihoo 360 Technology Co Ltd (NYSE:QIHU), Monster Beverage Corp (NASDAQ:MNST).
Qihoo 360 Technology Co Ltd (NYSE:QIHU) shares decreased 2.16% to $88.03. The company on Sept. 5 announced the closing of its private placement of US$600 million in aggregate principal amount of convertible senior notes due 2018, including US$50 million in principal amount of notes issued upon the exercise in full of the over-allotment option that the Company previously granted to the initial purchasers of the notes. Qihoo 360 anticipates using the proceeds for general corporate purposes.
Moreover, QIHU‘s stock had its “buy” rating reiterated by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Sept. 17. They currently have a $94.00 price objective on the stock.
Are investors worried about the recent updates with QIHU? Find out with a free trend analysis HERE
Monster Beverage Corp (NASDAQ:MNST) shares dropped 0.48% to $55.90. The company on August 8 reported second-quarter profits that were slightly lower that the same quarter in 2012. The company’s earnings of $106.9 million in April, May and June, equal to 62 cents per share, missed analysts' estimates by 2 cents. The company reported that gross sales for the second quarter increased 6.6 percent, to more than $723 million, from the second quarter of 2012.
Net income for the first six months of 2013 was $170.4 million, or $0.98 per diluted share, compared with $185.9 million, or $1.00 per diluted share, for the same period last year.
Is MNST going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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