Trend Analysis Scan: Synovus Financial, Arena Pharmaceuticals, Facebook Inc, J.C. Penney Company, Citigroup
26 Nov, 2013, 08:49 ET
NEW YORK, November 26, 2013 /PRNewswire/ --
Market Buzz Report, an online portal for investment community, issues important trend analysis Synovus Financial Corp.(NYSE:SNV), Arena Pharmaceuticals, Inc.(NASDAQ:ARNA), Facebook Inc (NASDAQ:FB), J.C. Penney Company, Inc.(NYSE:JCP), Citigroup Inc(NYSE:C).
Synovus Financial Corp.(NYSE:SNV) reported third-quarter 2013 earnings per share of 4 cents, which were in line with the Zacks Consensus Estimate and outpaced the prior-year quarter earnings by 2 cents. Lower non-interest expenses and a significant improvement in credit quality were the tailwinds for the quarter. The company's capital ratios were also strong. However, decline in the top line due to lower net interest as well as non-interest income was a negative.
Free Urgent Insider Catalyst Report For SNV Available Here: http://marketbuzzreport.com/index.php?code=SNV (Or Copy and paste the URL into your browser)
Arena Pharmaceuticals, Inc.(NASDAQ:ARNA) continued to move higher after expanding a marketing relationship for its weight-loss drug during the prior week. It then capped off the week with WallachBeth initiating coverage with a "buy" rating. Shares of ARNA have soared almost 30% in past 3 weeks on hefty volume and today up 6.33% to $6.22. However, the stock is still down about 31% so far this year.
Free Urgent Insider Catalyst Report For ARNA Available Here: http://marketbuzzreport.com/index.php?code=ARNA (Or Copy and paste the URL into your browser)
Facebook Inc (NASDAQ:FB) had all things working well in the recent earnings. Not only was the company revenue up but also the profit was higher than any quarter in the firm's history.
It is safe to say to the social networking giant would witness higher revenue growth in the upcoming quarter as holidays result in good ad revenue.
Free Urgent Insider Catalyst Report For FB Available Here: http://marketbuzzreport.com/index.php?code=FB (Or Copy and paste the URL into your browser)
Facebook is preparing itself for the time when small and medium business' would be advertising on the site. Analysts believe that the company would need to experiment with ads such as coupons as well as location-based advertisements. Facebook already has over 24 million small business using existing platform.
J.C. Penney Company, Inc.(NYSE:JCP) shares jumped 2.59% to $9.09. J.C. Penney Co. will be replaced in the Standard & Poor's 500 Index by Allegion Plc., S&P said in a statement on Nov. 22. J.C. Penney's market value fell 37 percent this year to $2.7 billion, making it "more representative of the mid cap market," S&P said. Allegion, which makes residential and commercial door locks, has a market capitalization of $4.2 billion. It was spun off from Ingersoll-Rand Plc and started trading on the New York Stock Exchange on Nov. 18.
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)
Citigroup Inc(NYSE:C) shares gained 1.45% to $53.18. The company on Nov. 22 said it is opening Zambia's local bond market to foreign investors with a global depositary note program that will meet demand for higher-yielding securities from Africa's biggest copper producer. The program, the second in Africa after Nigeria, offers investors access to yields more than twice that of Zambia's 5.375 percent Eurobonds due September 2022, with rates on the government's kwacha-denominated 10-year debt reaching 17.25 percent at an Aug. 30 auction. The notes are backed by underlying domestic bonds, with the principal debt and interest payable in the local currency.
Free Urgent Insider Catalyst Report For C Available Here: http://marketbuzzreport.com/index.php?code=C (Or Copy and paste the URL into your browser)
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