Most Active Buzz: Staples, Inc. (NASDAQ:SPLS), Oi SA (NYSE:OIBR), Office Depot Inc (NYSE:ODP)
Lakeway, NY — (MARKET NEWS CALL) — 9/02/2014— Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market about the small and penny stocks, issues news alert on Staples, Inc. (NASDAQ:SPLS), Oi SA (NYSE:OIBR), Office Depot Inc (NYSE:ODP).
Staples, Inc. (NASDAQ:SPLS)’s shares gained 6.29% to $12.42. SPLS’s stock was upgraded by Credit Suisse from a “neutral” rating to an “outperform” rating in a research note issued on Sept. 2. The firm currently has a $15.00 price objective on the stock, up from their previous price objective of $11.00.
Additionally, the company on Aug. 20 reported fiscal second-quarter net income of $81.9 million. The company said it had profit of 13 cents per share. Earnings, adjusted for one-time gains and costs, came to 12 cents per share. The results met Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of 12 cents per share. The company posted revenue of $5.22 billion in the period, exceeding Street forecasts. Analysts expected $5.17 billion, according to Zacks.
Oi SA (NYSE:OIBR)’s shares decreased 3.73% to $0.65. Oi S.A., in compliance with art. 157, section 4 of Law No. 6,404/76 and CVM Instruction No. 358/02, on Aug. 26 hereby informs its shareholders and the market in general that, on this date, the Company engaged Banco BTG Pactual S.A. to act as agent (comissario), pursuant to article 693 of the Brazilian Civil Code, in its own name and on behalf of Oi, to review alternatives with the purpose of enabling a viable proposal for the acquisition of the shares of TIM Participacoes S.A. indirectly held by Telecom Italia SpA, in compliance with the rules and restrictions provided in law and regulations and decisions issued by the Brazilian National Telecommunications Agency and the Brazilian Administrative Council for Economic Defense, in addition to other applicable regulations.
Office Depot Inc (NYSE:ODP)’s shares jumped 6.64% to $5.46. The company announced that it will present at the Goldman Sachs 21st Annual Global Retailing Conference in New York City on Wednesday, September 3, 2014, at approximately 8:05 a.m. Eastern Daylight Time.
Additionally, the company on Aug. 14 unveiled how parents and students approach back-to-school shopping, including who in the family has the most influence over purchasing decisions and whether shoppers stick to a provided classroom list or add personalized items to their school supplies.
Specialpennystockalert.com is engaged in providing the most up to date and useful information on Microcap Stocks poised to breakout. Specialpennystockalert.com also provides investors with trend analysis, detailed company profiles, and most importantly a much needed “informational edge” which can be used as a tool for making investment decisions. To Receive Instant updates in the inbox, readers are advised to sign up for free at Specialpennystockalert.com.
Disclaimer
The assembled information disseminated by Specialpennystockalert.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Specialpennystockalert.com does expect that investors will buy and sell securities based on information assembled and presented in Specialpennystockalert.com. PLEASE always do your own due diligence, and consult your financial advisor.
No comments:
Post a Comment