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Monday, November 12, 2012

Molycorp Falls Again (MCP, LUK, KO, BZH, DHI, CXS)


Shares of Molycorp Inc (NYSE:MCP) slumped another 7.50% to $6.95 and made another life time low of $6.61. On Friday, the stock slumped 13% as SEC filing discloses an SEC investigation regarding the accuracy of disclosures of certain sales of stock by officers, directors and private equity firms, as well as certain corporate acquisitions during 2011.

Has MCP found The Rebound and Ready To Move Up? Find Out Here

Leucadia National Corp.(NYSE:LUK) shares gained 0.69% to $21.80after Leucadia National and Jefferies Group announced that the boards of directors of both companies have approved a definitive merger agreement under which Jefferies' shareholders will receive 0.81 of a share of Leucadia common stock for each share of Jefferies common stock they hold. The merger is expected to close during the first quarter of 2013.

The Coca-Cola Company(NYSE:KO) stock increased 0.30% to $36.40. The Coca-Cola Company replaces its corporate website with Coca-Cola Journey, a rich, socially enabled digital platform. Coca-Cola Journey represents a significant leap forward in how Coke will use digital communications to drive business results and share the Coca-Cola system story with the world.

Additionally, KO‘s stock had its “neutral” rating reaffirmed by Zacks in a report released last week. They currently have a $38.00 target price on the stock.

Beazer Homes USA, Inc.(NYSE:BZH) posted a fourth-quarter net loss of $66.23 million, as compared with $43.18 million last year, while quarterly loss per share narrowed to $2.82, from $2.91 a year ago. Analysts expected loss per share of $1.22 for the quarter. Total revenue advanced to $370.93 million, from $334.91 million in the prior-year quarter. Analysts estimated revenues of $335.11 million for the quarter.

D.R. Horton, Inc.(NYSE:DHI) stock climbed 3.35% to $21.29 after the company reported a fourth quarter profit of $100.1 million, or $0.30 a share, as compared with a year-ago profit of $35.7 million, or 11 cents a share. Home-building revenue jumped 21% to $1.3 billion. Analysts most recently forecast earnings of 28 cents on revenue of $1.35 billion.

Crexus Investment Corp(NYSE:CXS) shares climbed 14.86% to $12.70. Annaly Capital Management announced that it has proposed to the Board of Directors of CreXus Investment to acquire for cash all of the shares of CreXus that Annaly does not currently own. CreXus has approximately 76,630,528 shares of common stock outstanding, of which Annaly holds 9,527,778 shares, or approximately 12.4%.

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