NEW YORK, April 21, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Moments ago, Analysts Review released new research updates concerning several important developing situations including The Molycorp Inc. (NYSE: MCP), Axion Power International, Inc. (NASDAQ: AXPW), North American Palladium Ltd. (NYSE: PDL), SanDisk Corporation (NASDAQ: SNDK), and Philip Morris International Inc. (NYSE: PM). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
Today's update concerns the following companies:
Full PDF Download Links (you may have to copy and paste the following links into your browser):
MCP Research Report: ( http://get.analystsreview.com/pdf/?c=Molycorp%20Inc&d=21-Apr-2015&s=MCP ),
AXPW Research Report: ( http://get.analystsreview.com/pdf/?c=Axion%20Power%20International&d=21-Apr-2015&s=AXPW ),
PDL Research Report: ( http://get.analystsreview.com/pdf/?c=North%20American%20Palladium&d=21-Apr-2015&s=PDL ),
SNDK Research Report: ( http://get.analystsreview.com/pdf/?c=SanDisk%20Corporation&d=21-Apr-2015&s=SNDK ),
PM Research Report: ( http://get.analystsreview.com/pdf/?c=Philip%20Morris%20International&d=21-Apr-2015&s=PM ).
Analyst Update: Financial Results, Acquisitions, Upcoming Earnings and Private Placement
Reviewed by: Rohit Tuli, CFA®
U.S. stocks rallied on Monday, triggered by some good first-quarter earnings reports. The NASDAQ gained 1.27% or 62.79 points, to finish at 4,994.60; the Dow Jones Industrial Average advanced 1.17%, or 208.63 points to 18,034.93, and the S&P 500 ended the session at 2,100.40, up 0.92% or 19.22 points. The gains were broad based as all the sectors closed the session in positive. European stocks too edged higher on Monday, as aggressive easing policy in China offsets the impact of Greece turmoil. Major European markets ended the session higher, as Germany's DAX rose 1.74%; France's CAC advanced 0.86%, and Britain's FTSE 100 jumped 0.82%. Meanwhile, Asian markets mostly disappointed on Monday, amid rising concern over slowdown in the Chinese economy. The Shanghai Composite and Japan's Nikkei both closed lower.
Molycorp Inc. will supply Siemens AG with rare earth materials which will be used in Siemens' wind turbine generators for the next 10 years. Molycorp will supply rare earth materials to Shin-Etsu Chemical Co. Ltd. which will produce the rare earth magnets Siemens plans to use in its wind turbines.
Pittsburg Business Times reported on April 16, 2015, that Axion Power International Inc. is considering a second reverse stock split. Last September, it had conducted a 50-for-1 reverse split. However, in February 2015, Nasdaq notified the Company that it did not meet the $1 minimum bid requirement from January 5, 2015 to February 18, 2015 under Nasdaq Listing Rule 5550(a)(2).
Market Wired reported that North American Palladium Ltd. has announced an agreement with Brookfield Capital Partners Ltd. to significantly reduce the Company's debt and enhance its liquidity. The Company has retained CIBC World Markets Inc. to act as its financial advisor in connection with the recapitalization and to conduct a strategic review process to solicit interest in a sale of the Company.
SanDisk Corporation announced its first quarter earnings on April 15, 2015. The Company posted revenue of $1.33 billion, marking a 12% YoY decrease and a 23% QoQ. Non-GAAP EPS for the first quarter stood at $0.62, below the analysts' estimate of $0.66 and substantially down from $1.44 in the same quarter last year.
Shares of Philip Morris International rose 8.74% on Thursday, April 16, 2015, to close at $84.96. This followed after the tobacco producer reported better-than-expected earnings results for the first quarter 2015. For the quarter, Philip Morris registered that its adjusted EPS fell by 2.5% to $1.16 from Q1 2014, but exceeded the consensus estimate of $1.01 per share.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
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