Bullish Momentum Stocks: Geron Corporation, 3D Systems Corporation, Eagle Bulk Shipping, Finisar Corporation, J.C. Penney Company
NEW YORK, December 10, 2013 /PRNewswire/ --
Market Buzz Report, which provides important analysis for penny stocks, issues interesting stocks analysis for Geron Corporation(NASDAQ: GERN), 3D Systems Corporation(NYSE: DDD), Eagle Bulk Shipping Inc.(NASDAQ: EGLE), Finisar Corporation(NASDAQ: FNSR), J.C. Penney Company, Inc.(NYSE: JCP).
Shares of Geron Corporation(NASDAQ: GERN) rose 9% in after-hours trading. In a closely watched presentation at ASH, the company reviewed results from a study of imetelstat in myelofibrosis. For reference, see previous coverage of the study here and here. Results of GERN independent review of the Mayo study: Remissions (CR+PR) in 5/22 patients; CI in another 4 patients; OR rate of 40.9%.Notable: GERN says "no patients with CR, PR, or CI have lost their response to date."
Free Urgent Insider Catalyst Report For GERN Available Here: http://marketbuzzreport.com/index.php?code=GERN (Or Copy and paste the URL into your browser)
3D Systems Corporation(NYSE: DDD) +0.8% AH and Stratasys (SSYS) after Deutsche starts coverage with Buy ratings. Fellow 3D printer maker ExOne has been started at Hold. The day has already seen Pac Crest start coverage on 3D Systems with an Outperform and Stratasys/ExOne with Sector Performs, and Nomura argue current industry hype is excessive. Also: Piper's Troy Jensen has issued another bullish industry report after returning from last week's EuroMold trade show. Jensen states 3D Systems, which introduced new high-end printers, materials, and software, was by far "the most active at EuroMold with respect to new product introductions." He's especially a fan of a new metal printer from 3D's recently-acquired Phenix Systems unit. Jensen also liked Stratasys' launch of a nylon printing material (resellers are upbeat), and says a visit to the HQ of Swedish printer maker Arcam (AMAVF) indicates the company is focused on rapidly expanding (it currently has only 65 employees)002E
Free Urgent Insider Catalyst Report For DDD Available Here: http://marketbuzzreport.com/index.php?code=DDD (Or Copy and paste the URL into your browser)
Dry-bulk shippers Eagle Bulk Shipping Inc.(NASDAQ: EGLE) and Genco (GNK) reportedly have enlisted restructuring advisers after key creditors sold large blocks of debt to distressed investors amid balance sheet concerns. EGLE -8.4% AH after falling 7.5% in regular trading, while GNK +6.8% AH after shedding 4.6% during the day.
Free Urgent Insider Catalyst Report For EGLE Available Here: http://marketbuzzreport.com/index.php?code=EGLE (Or Copy and paste the URL into your browser)
Finisar Corporation(NASDAQ: FNSR) is selling $200M worth of convertible senior notes due 2033. Underwriters will have a $30M overallotment option. Finisar says it expects to use the proceeds for "general corporate purposes," but adds it may also use some of the funds to "acquire complementary businesses, products or technologies." The optical component industry has seen a decent amount of M&A in recent years. It's worth noting Finisar doesn't have any pressing need for cash: As of Oct. 27, the company had $316.5M in cash/equivalents on its balance sheet, and only $4.7M in debt.
Free Urgent Insider Catalyst Report For FNSR Available Here: http://marketbuzzreport.com/index.php?code=FNSR (Or Copy and paste the URL into your browser)
Wall Street is investing by the mantra "no news is good news" when it comes J.C. Penney Company, Inc.(NYSE: JCP). After a week which saw the retailer lose one-fifth of its value and saw its stock price fall into the high-single digits, the stock is rallying 4.8% to $8.47 on Monday. Last week, the Plano, Texas-based retailer posted a double-digit comparable sales gain of 10.1% for November, a remarkably stronger figure than the 34% drop in comparable sales over the same period a year earlier.
Free Urgent Insider Catalyst Report For JCP Available Here: http://marketbuzzreport.com/index.php?code=JCP (Or Copy and paste the URL into your browser)
Then, on Thursday evening, the department chain disclosed it had received a letter of inquiry from the Securities and Exchange Commission regarding its financial position, including its liquidity, debt and details of its proposed public stock offering.
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