Monday, August 13, 2012

Hot Stocks Of The Day (SHLD, MPO, LVLT, VC, SYY)

Sears Holdings Corporation (NASDAQ:SHLD) stock increased 5.97% to $54.49. The company is scheduled to report its second-quarter results on Aug. 16, 2012, before the market opens. The Street expects an EPS loss of $0.93 and revenue of $9.63 billion.

Can SHLD Extend Rally After Earnings This Week? Find Out Here

Additionally, the company has again been selected to participate in the U.S. Environmental Protection Agency's (EPA's) ENERGY STAR National Building Competition: Battle of the Buildings, which is designed to help improve the energy efficiency of commercial buildings and protect the environment.

Midstates Petroleum Company Inc (NYSE:MPO) stock gained 4% to $8.32 after the company announced today that it has entered into an Asset Purchase Agreement with Eagle Energy Production, LLC ("Eagle"), to acquire all of their producing properties as well as their developed and undeveloped acreage primarily in the Mississippian Lime oil play in Oklahoma and Kansas for $325 million in cash and 325,000 shares of Series A Preferred Stock of Midstates with an initial liquidation preference value of $1,000 per share. The transaction will be effective June 1, 2012 and closing is expected on or about October 1, 2012, subject to customary closing conditions.

Should Investors Buy MPO Now? Find Out Here

Level 3 Communications, Inc. (NYSE:LVLT) shares climbed 0.27% to $21.97 in the early hour after the company announced that it has signed a multi-year agreement with Time Warner Cable Inc. to expand Time Warner Cable's national network. The agreement also includes the delivery of additional core infrastructure services that will enhance the redundancy and reliability of the Time Warner Cable network.
Visteon Corporation (NYSE:VC) shares jumped 10.54% to $42.89 after the company announced that Don Stebbins stepped down as chairman, chief executive officer and president of the Company on August 10, 2012. The Visteon board has appointed current director Timothy D. Leuliette interim chairman of the board and interim CEO and president.

To Get Updates Trend Analysis on VC, Apply Here

SYSCO Corporation (NYSE:SYY) stock gained 3.33% to $29.16 after the company’s fiscal fourth-quarter earnings slipped 8% as the company witnessed costs rise amid continuing food inflation.

The company posted fourth quarter net earnings of $309.27 million or $0.53 per share, down from $336.31 million or $0.57 per share in the year-ago period. Adjusted earnings per share declined 1.8% from the prior-year period to $0.55 from $0.56. Sales for the quarter grew 6% to $11.05 billion from $10.43 billion in the same period last year. Analysts expected the company to report earnings of $0.54 per share on revenue estimate of $11.04 billion.

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