Bullish Stocks Commentary: BlackBerry Ltd J.C. Penney Company, Qualcomm, Inc., SolarCity Corpadmin
New York, December 20, 2013 / Accesswire / – Market Buzz Report, which provides live alerts on penny stocks, issues critical stocks analysis for BlackBerry Ltd (NASDAQ:BBRY), J.C. Penney Company, Inc.(NYSE:JCP), QUALCOMM, Inc.(NASDAQ:QCOM), SolarCity Corp (NASDAQ:SCTY).
BlackBerry Ltd (NASDAQ:BBRY) shares jumped 3.14% to $6.25. The company on Dec. 20 reported a massive $4.4 billion loss in the third quarter and 56 percent drop in revenue. The company reported revenue of $1.2 billion, down 56 per cent in the same quarter last year. Its adjusted loss from continuing operations was $354 million, or 67 cents per share. Analysts polled by FactSet, on average, expect a loss of 43 cents per share on revenue of $1.66 billion.
Additionally, the company on Dec. 18 announced two appointments that strengthen the Company’s strategy, marketing and operations. James S. Mackey was appointed Executive Vice President for Corporate Development and Strategic Planning, joining the Company with years of experience executing highly successful corporate strategies that drive growth.
Free Urgent Insider Catalyst Report For BBRY Available Here: http://marketbuzzreport.com/index.php?code=BBRY (Or Copy and paste the URL into your browser)
J.C. Penney Company, Inc.(NYSE:JCP) shares dropped 3.63% to $7.96. The company on Dec. 5 says the SEC is looking into its liquidity, debt and other financial matters. The struggling retailer disclosed in a regulatory filing that it received a letter from the Securities and Exchange Commission in October requesting information on its liquidity, cash position, debt and equity financing, as well as its offering of common stock announced in September.
Additionally, the company on Dec. 3 estimated that its same-store sales climbed 10% during November, while its online sales were well ahead of year-earlier levels and were consistent with the previous month’s trend.
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)
QUALCOMM, Inc.(NASDAQ:QCOM) shares decreased 1.02% to $72.43. The company on Dec. 13 announced that its Board of Directors has unanimously approved a succession plan for executive management of the Company. Effective December 12, 2013, Steve Mollenkopf was promoted to Chief Executive Officer-elect of Qualcomm, and appointed to its Board of Directors.
Additionally, the company on Dec. 9 announced that its wholly-owned subsidiary, Qualcomm Technologies, Inc., has introduced the Qualcomm® Snapdragon™ 410 chipset with integrated 4G LTE World Mode. The delivery of faster connections is important to the growth and adoption of smartphones in emerging regions, and Qualcomm Snapdragon chipsets are poised to address the needs of consumers as 4G LTE begins to ramp in China.
Free Urgent Insider Catalyst Report For QCOM Available Here: http://marketbuzzreport.com/index.php?code=QCOM (Or Copy and paste the URL into your browser)
SolarCity Corp (NASDAQ:SCTY) shares fell 0.18% to $56.80 in the pre-market hour. The company on Dec. 20 announced that it has increased the size of its Corporate Revolver to $200 million. This three-year credit facility bears interest of 2.25% over Base Rate or 3.25% over LIBOR. Bank of America Merrill Lynch is the Sole Lead Arranger and Sole Bookrunner, with an additional five participating lenders. The expanded credit facility will be used primarily to fund SolarCity’s growth. The company has set a goal to surpass 1 million customers in 2018.
Additionally, the company on Dec. 11 said it has completed the acquisition of Zep Solar, Inc. for aggregate consideration of approximately $158 million, including 2,751,782 shares of SolarCity common stock and the assumption of options to acquire an aggregate of 303,151 shares of SolarCity common stock, based on the volume weighted average price per share of SolarCity common stock for the ten trading day period prior to the effective date of the merger.
Free Urgent Insider Catalyst Report For SCTY Available Here: http://marketbuzzreport.com/index.php?code=SCTY (Or Copy and paste the URL into your browser)
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Posted: December 20th, 2013 under ACCESSWIRE.