Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) shares jumped into 22% gains this morning shortly after the company reported increased profit for the second quarter as compared to last year, mainly driven by margin expansion and doubling of revenues due to strong sales growth of Keurig Single-Cup Brewing System and K-Cup portion packs. The company [...]
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Hot Stock Talk; SMART Modular to Go Private through $645M Deal
SMART Modular Technologies Inc. (NASDAQ: SMOD) announced its plans to go private through its definitive agreement to be acquired by Silver Lake Partners and Silver Lake Sumeru for $9.25 per share in cash in a deal valued at approximately $645 million. The price offered represents a 23% premium over the average closing price for the [...]
AMR Posts Dismal Q1 Results
AMR Corporation (NYSE: AMR) reported better-than-expected results for its first quarter of the year. The company reported adjusted loss for the quarter at $405 million, down from $452 million in loss incurred a year earlier. On per share basis, the company’s loss stood at $1.21 per share, in comparison to $1.36 per share in loss [...]
OTC Stock skyrockets to Heavy Gains; Elite Pharmaceuticals Review
Elite Pharmaceuticals Inc. (OTC: ELTP) shares soared more than 75% in today’s trading, roaring upward on investor sentiment and last week”s news that the company has completed its first shipment of phentermine HCI 37.5 mg tablets. The phentermine HCI 37.5 mg tablets are the generic version of Adipex-P® 37.5 mg tablets. The company said that [...]
Hot Penny Stock AISystems skyrockets on New Program
AISystems Inc. (OTC: ASYI) shares have soared more than 66% in today’s trading after the company announced jettEngine™ Business Planning Suite Beta Customer Program. AISystems said that it is inviting selected airlines to participate in its airline Indus™ Business Planning Suite Beta Customer Program, a multi-stage program providing selected participants the ability to run jetEngine [...]
AstraZeneca hits Biotech Milestone with FDA Approval for Cancer Drug
AstraZeneca plc (NYSE: AZN) has received FDA approval for its orphan drug Vandetanib for the treatment of medullary thyroid cancer that has spread to the other parts of the body and cannot be removed through surgery. The approval marks the first FDA-approved medicine used specifically for use in patients with advanced medullary thyroid cancer. It [...]
Energy Stock; Lucas Energy’s Joint Venture powers Heavy Trading
Lucas Energy Inc. (AMEX: LEI) shares surged nearly 12% in today’s trade on word the company has entered into a joint-venture agreement with Marathon Oil (East Texas) for the development of the Eagle Ford and Buda formations in Wilson County, Texas. Marathon Oil is a subsidiary of Marathon Oil Corporation and acquired 50% of the [...]
Hot Stock Alert – Zagg soars on 10-K Filing, Solid Numbers
Zagg Inc. (NASDAQ: ZAGG) shares surged more than 17% today after the company announced it has submitted its 10-K report ahead of its March 31, 2011, deadline. The company is scheduled to submit its proxy statement by April 30, 2011. ZAGG reported revenue at $29.3 million for the quarter, up 157% on year over year [...]
Top OTCBB Stock; China Agri-Business to Construct Shiji Center
China Agri-Business Inc. (OTC: CHBU) secured impressive gains on the day, fueled by last week’s announcement that it is planning to construct Xinsheng Shiji Center of Manufacturing and Logistics. The center will be located in Xian, China. The company had entered into an agreement with Xian Shishang Weiyang Investment & Management Inc. Under this agreement, [...]
China Stock Option; SmartHeat Review
SmartHeat Inc (NASDAQ: HEAT) designs, manufactures, sells, and services plate heat exchangers (PHE) and related systems used in the industrial, residential, and commercial markets in the People’s Republic of China. The company offers PHEs; PHE Units, which combine PHEs with various pumps, temperature sensors, valves,and automated control systems; and heat meters for use in commercial [...]
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