Stamford, CT -- (SBWIRE) -- 09/09/2013 -- High Rising Stocks provides investors with the hottest penny stock alerts on a regular basis. Our Penny Stock Newsletter will send you alerts through our Free E Newsletters with High Yielding alerts, market forecasting, stock tips and strategies, and offer you the tools to help you along the way with the goal of keeping you loyal to our service. Today’s stocks to watch are: First Solar, Inc.(NASDAQ:FSLR), Toll Brothers Inc (NYSE:TOL), IAMGOLD Corporation (USA)(NYSE:IAG), MGIC Investment Corp.(NYSE:MTG)
First Solar, Inc.(NASDAQ:FSLR) shares gained 2.32% to $38.32. The company on Sept. 9 announced the launch of a Joint Venture (JV) that will realize solar energy projects on three continents. The JV - PV Projects GmbH & Co. KG - is based in Germany and will be tasked with developing selected photovoltaic (PV) power projects independently acquired or developed by either of the two companies in Europe, North Africa, as well as projects of fewer than 20 megawatts (MW), in the United States.
Should Investors Buy FSLR After Yesterday’s Slump? Find Out Here
Toll Brothers Inc (NYSE:TOL) shares gained 3.42% to $31.48. The company on August 21 reported a 24 percent jump in quarterly revenue due to higher home prices and said it expects to raise rates again in the current quarter, as customers buy its luxury houses undeterred by rising mortgage rates.
The company’s revenue rose 24 percent to $689.2 million in the third quarter as prices rose 13 percent to $651,000. It expects to increase prices to $675,000-$695,000 in the current quarter. Profit fell by 24 percent to $46.6 million, or 26 cents per share, in the latest quarter. Toll said it ended the quarter with 47,200 lots developed for construction, up from 39,200 a year earlier.
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IAMGOLD Corporation (USA)(NYSE:IAG) shares increased 3.42% to $5.95. The company on August 12 reported its unaudited consolidated financial and operating results for the second quarter ending June 30, 2013. The company said they achieved more than half of their planned savings for 2013 and lowered their guidance on the cost of gold production as a result. Meanwhile, the company remains on track to hit commercial production at its Westwood mine in Quebec this fall.
Revenues for the second quarter 2013 were $301.1 million, down $63.4 million from the same prior year period. Adjusted net earnings attributable to equity holders for the second quarter 2013 were $30.2 million ($0.08 per share) compared to $75.3 million ($0.20 per share) for the same prior year period. Net losses attributable to equity holders for the second quarter 2013 were $28.4 million ($0.08 per share), compared to net earnings of $52.9 million ($0.14 per share) in the second quarter 2012.
Should Investors Buy IAG After Yesterday’s Slump? Find Out Here
MGIC Investment Corp.(NYSE:MTG) shares increased 0.42% to $7.09. The company on July 23 reported net income for the quarter ended June 30, 2013 of $12.4 million, compared with a net loss of $273.9 million for the same quarter a year ago. Diluted earnings per share was $0.04 for the quarter ending June 30, 2013, compared to diluted loss per share of $1.36 for the same quarter a year ago. The net loss for the first six months of 2013 was $60.6 million, compared with a net loss of $293.4 million for the same period last year.
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