US Stocks in Spotlight: Forest City Enterprises, Phillips 66, American Capital Mortgage Investment Crp

Lakeway, TX -- (SBWIRE) -- 03/04/2013 -- Bestdamnpennystocks, 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:-

Forest City Enterprises, Inc. (NYSE:FCE.A) shares jumped 1.50% and closed at $16.28 in the last trading session. The company, on Feb. 26, announced that it has provided notices of its intention to redeem all outstanding shares of its Series A Cumulative Perpetual Convertible Preferred Stock and all outstanding 7.625 percent Senior Notes due 2015.Approximately 209,877 shares of Preferred Stock, or $10.5 million aggregate liquidation preference, are currently outstanding, and approximately $53.3 million aggregate principal amount of the Notes are currently outstanding.

How Should Investors Trade FCE.A After The Recent Movement? Find Out Here

Phillips 66 (NYSE:PSX) shares gained 1.49% and closed at $63.90. The company has completed planned maintenance at its Sweeny refinery, a spokesman said Feb. 28

Additionally, the company, on Jan. 30, announces fourth-quarter earnings of $708 million and adjusted earnings of $1.3 billion. This compares with earnings of $2.0 billion and adjusted earnings of $379 million during the fourth quarter of 2011.

Is PSX Strong Buy After The Recent Strong Gains? Get Free Trend Analysis Here

American Capital Mortgage Investment Crp (NASDAQ:MTGE) shares gained 1.48% to $26.08. MTGE;s stock had its target price trimmed by Deutsche Bank from $29.50 to $27.75 in a report issued on Feb. 15. They currently have a buy rating on the stock. Additionally, analysts at Maxim Group raised their price target on shares of American Capital Mortgage Investment Crp from $27.50 to $29.00 in a research note to investors last month. They now have a buy rating on the stock.

Is MTGE a Buying Opportunity After The Recent Plunge? Don’t Miss Out Our Latest Report Here

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