Hot Stocks Of The Day: JASO, HDY, GMCR, SLAB, ANGO
Wednesday, September 08, 2021 11:42 AM

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US stocks climbed on Wednesday as a weaker dollar sparked a rally in material and energy sector.

Below we highlight few companies whose shares are actively trading in Wednesday's session.

Shares of JA Solar Holdings Co. Ltd. (NASDAQ: JASO) jumped more than 8% on Wednesday after it announced that it has signed multiple supply agreements with several customers to provide over 500MW of mono-crystalline and multi-crystalline solar cells for 2011 delivery. Under the terms of the agreements, JA Solar will supply these customers with solar cells beginning in January 2011 through December 2011. These supply agreements come with prepayments for committed solar cell delivery in 2011.

Hyperdynamics Corporation (AMEX: HDY) soared more than 20% after it announced the results of a resource evaluation conducted by Netherland Sewell and Associates Inc. (NSAI) of the Company's oil and gas concession offshore Republic of Guinea. NSAI, a leading provider of reserve audits and exploration resource assessments, conducted a three-month assessment of the prospective oil resources in selected prospects in Hyperdynamics' concession offshore Guinea that resulted in a total of "Best Estimates" for all assessed prospects and leads of 2.3 billion barrels of recoverable unrisked prospective oil resources.

Green Mountain Coffee Roasters, Inc. (NASDAQ: GMCR) rallied more than 8% on Wednesday, a day after the company announced a price increase on all K-Cup portion packs for its Keurig Single Cup brewing system sold in North America. The coffee maker said that increase will occur across all sales channels and will be effective beginning October 11, 2010. Consumers could expect to see a purchase price increase of approximately 10 to 15 percent over the next several months as a result.

Silicon Laboratories Inc. (NASDAQ: SLAB) slumped more than 6% after it lowered its third quarter revenue outlook, citing broadening demand weakness primarily in customer premises equipment and consumer end markets. The company now expects revenue for the third quarter to be between $118 and $122 million. Third quarter GAAP diluted earnings per share are projected to be approximately $0.32 to $0.35, and non-GAAP diluted earnings per share, which excludes non-cash charges primarily for stock compensation, are now projected to be between $0.50 and $0.53. 

AngioDynamics (NASDAQ: ANGO) plunged as much as 7% on Wednesday, a day after it reported preliminary first-quarter results that missed analysts' estimates. The company said that it expects fiscal first quarter net sales to be approximately $51.5 million, or approximately 3% higher than fiscal 2010 first quarter net sales of $50.1 million. Earnings per share for the quarter are currently expected to be in the range of $0.07 to $0.08 compared with $0.09 for the fiscal first quarter of 2010. Analysts currently expect the company to report earnings of 10 cents per share on revenue of $54.38 million.

Disclosure: Author doesn't own any of the stocks discussed here.

 

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Market news:

  • Regulator: Oil fire may have caused A380 problem Nov 11, 2021 06:52 AM

    • SYDNEY - Europe's air safety regulator said Thursday an oil fire may have caused an engine turbine failure on a Qantas superjumbo, and issued an emergency order requiring airlines to re-examine that type of Rolls-Royce engine and ground any planes with suspicious leaks.
    • The order by the European Aviation Safety Authority backed earlier indications from investigators that they suspect a turbine disc was the cause of last week's engine failure on the Airbus A380, but was the first official mention of an oil fire preceding the engine's disintegration.
    • Qantas said this week it found small oil leaks on Rolls-Royce Trent 900 engines on three of its other Airbus A380s during tests after the Nov. 4 incident.
      • C. Guard: Extra tugs to meet stricken cruise ship Nov 11, 2021 06:37 AM

        • SAN DIEGO - The Coast Guard says the stricken cruise ship carrying thousands of passengers is on course to rendezvous with several more tug boats off the coast of California.
        • At that point a total of six tugs will begin towing the nearly 1,000-foot-long Carnival Splendor into port, an operation that will take approximately two hours.
        • The ship was on a seven-day trip to the Mexican Riviera when a fire killed its power.
          • Sunnis miss out again in new Iraqi government Nov 11, 2021 06:12 AM

            • BAGHDAD - The deal on a new Iraqi government appears to sideline the country's Sunni minority yet again while returning Shiite Prime Minister Nouri al-Maliki to power.
            • The deal confirmed early Thursday by Massoud Barzani, president of Iraq's autonomous Kurdish region, was hammered out after eight months of political deadlock following inconclusive elections on March 7.
            • A Sunni-backed coalition led by former Prime Minister Ayad Allawi won the most seats in the vote, but Allawi missed out on bids for both the prime minister job and the presidency.
              • Why Fed bond-buying plan is raising trade tensions Nov 11, 2021 06:09 AM

                • WASHINGTON - The Federal Reserve's plan to buy more Treasury bonds has incited critics at home to complain of inevitable high inflation and financial turmoil.
                • They say the Fed's $600 billion program is a scheme to give U.S. exporters an unfair edge - one that endangers the global economy.
                • Whether or not his plan succeeds in aiding the U.S. economy, it risks triggering a trade war and encouraging dangerous speculation in financial markets.
                  • Obama gets no trade deal, but has his hands full Nov 11, 2021 05:59 AM

                    • SEOUL, South Korea - Despite intense efforts, the United States and South Korea failed Thursday to conclude a long-sought free-trade deal, a setback for President Barack Obama as he confronts tensions abroad and at home on a series of economic fronts.
                    • Denied the deal sought by U.S. business, Obama also was forced to defend policies to climb out of the deep economic slump against foreign misgivings that the U.S. is engineering a weak dollar.
                    • All in all, Thursday's developments summed up the problems and conundrums facing a president weakened by election results, reeling from a domestic unemployment rate that stubbornly won't budge from 9.6 percent, and facing a restive international community suspicious about the U.S. response to its economic crisis.

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