Monday, June 11, 2012

Hot Stocks Of The Day (MLNX, AKS, DMND, KGC, ES)

Mellanox Technologies Ltd (NASDAQ:MLNX) moved up 6.85% to $65.91. Intel has selected the Mellanox’s ConnectX-3 FDR InfiniBand adapter silicon for use in their I/O Expansion Modules and half-width server boards. Tel Aviv will be the supplier of technology used to transfer and store data.
AK Steel Holding Corporation (NYSE:AKS) decreased 9.66% to $5.24 on a traded volume of 5.03 million shares. Goldman Sachs lowered the rating on the stock to sell from neutral in a note. The price target is reduced to $5 from $6. The Company has received the Metallic Supplier of the Year award from Chrysler Group LLC.  The award distinguishes AK Steel for extraordinary performance in 2011 and positions AK Steel among an elite group of Chrysler's top suppliers.
Diamond Foods Inc (NASDAQ:DMND) plunged 6.75% to $18.77. The Company said that it wouldn’t file its quarterly results on time with an extension granted by the Nasdaq Stock Market. Diamond Foods Inc said it expects the Nasdaq will consider delisting its stock.
Kinross Gold Corporation (USA) (NYSE:KGC) is currently trading at $8.30. The Company announced that the unlawful work stoppage at its Tasiast mine that began on June 5 has ended. The employees returned to work on June 9 and production has resumed.
EnergySolutions Inc (NYSE:ES) slipped 54.04% to $1.64 on a traded volume of 5.95 million shares. The Company has appointed director David Lockwood as chief executive and president. In addition, the Company also named Greg Wood as its new executive vice president and chief financial officer. The Company expects adjusted EBITDA for the year 2012 to be in the range of $130 million to $140 million. The outlook was revised due to continued slowdown in shipments to Clive in both the government and commercial businesses, expected delay in the resolution of the Salt Waste project issues until 2013.

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