Orlando, FL -- (SBWIRE) -- 08/14/2013 -- 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: Northstar Realty Finance Corp. (NYSE:NRF), Himax Technologies, Inc. (ADR) (NASDAQ:HIMX).
Northstar Realty Finance Corp.(NYSE:NRF) is looking to generate more capital. The real estate investment trust is floating 35 million shares of its common stock in an underwritten public offering at a price of $9.60 per share. A 30-day purchase option has been provided to the company’s underwriters, for up to an additional 5.25 million shares.
Are investors worried about the recent updates with NRF? Find out with a free trend analysis HERE
NorthStar said it plans to use the proceeds of the issue to make investments, retire liabilities, and for "general corporate purposes." J.P. Morgan, UBS, and the Securities wing of Deutsche Bank are jointly managing the issue, which is expected to close on Friday. For now, NorthStar has nearly 200 million shares outstanding, and its stock trades at $9.57 per share.
Himax Technologies, Inc. (ADR)(NASDAQ:HIMX) showed a surprise gain today, leaving analysts stunned. It had been dragging in the past few weeks but the scenario has changed completely. Perhaps, the stock went up once Google declared officially, that it would use Himax’s technology in its Google Glass, which lifted shares 30% on July 22.
Is HIMX going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
Nor has Himax’s 185% gain this year kept investors from predicting great things for its shares. On July 30, for instance, Nomura’s Jason Ho reiterated his Buy rating on the stock, and three of the five analysts covering its shares give it that rating, while two rate it outperform. Even Jim Cramer got in on the act, calling the stock a buy on Aug. 1.
Investors are now waiting for more news, or to be precise, the next big piece of scoop, the company’s earnings on August 15, which could go a long way toward determining whether such optimism is justified.
Join Our Mobile SMS Alerts By Texting Stocks To 555888
HotStockProfits.com continuously monitors and scans the markets for day trading and swing trading signals on NASDAQ, NYSE, AMEX, OTCBB and Pink Sheet companies for its free e-newsletter subscribers.
Disclosure: HotStockProfits.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit HotStockProfits.com website, for complete risks and disclosures.
Contact Us: 888-4-SBWIRE (US) - 920-593-5640 (International)