Stocks in News: AA, HLF, CLWR, AIG, MS

PUBLISHED: Jan 09 2013 @ 12:23 | Comments (0) | More info about Ed Liston

Alcoa Inc. (NYSE:AA): The company started the earnings season by posting healthy financial numbers for its fourth quarter of the year. Its income for the quarter stood at $64 million while its EBITDA was reported at $282 million. However, its revenue fell 2 percent to $5.9 billion.

Its stock is currently trading at $9.15, up 0.45 percent. It is also trading above than its 20 days moving average price of $9.10 and 50 days moving average price of $9.14. Alcoa commands market capitalization of $9.73 billion. The stock’s beta is 2.05 and its Price Earnings ratio is 58.15. Alcoa also raised its guidance for aluminum guidance for the next year. The company produces and markets alumina and primary aluminum. It is based out of New York and is operational internationally including countries like Germany, the United Kingdom and France. Alcoa was established in 1888.

Herbalife Ltd. (NYSE:HLF): The company stock is currently trading at $39.36, up 2.63 percent from its previous close of $38.35. Herbalife is up on the news of activist investor Dan Loeb. He bought 8.2 percent stake in the company. The stock had been pounded down after allegation of Ponzi scheme by William Ackman. Loeb’s Third Point LLC acquired 8.9 million shares of Herbalife. The stock had opened at $38.02 and has traded in the range of $37.67 and $41.85 in the current trading session. Herbalife stock commands the Price Earnings ratio of 10.48. The company is involved in the business of selling supplements and weight management products. It also deals in energy and nutritional products. Herbalife is based out of the Cayman Islands and it was formed in 1980. It also offers skincare products. Herbalife had recently been criticized by another prominent investor David Einhorn of Greenlight Capital.

Clearwire Corporation (NASDAQ:CLWR): The stock is up on the news of Dish making an offer for the company. The stock is trading at $3.14, 7.88 percent higher than its previous close. It has traded in the range of $3.12 and $3.15 in the current trading session. The company received the bid from Dish at $3.30 per share. However, Sprint said that Clearwire cannot accept this offer as it is prohibited by its deal with the company. The entire deal with Dish is likely to be near $5 billion. Sprint’s offer for Clearwire was at $2.97 per share. Clearwire commands market capitalization of $2.18 billion. It has traded 67.044 million shares so far, in comparison to its daily average trading volume of 29.047 million shares. The company stock trades at beta of 0.18. The stock has traded in the range of $0.83 and $3.40 in the past 52 weeks.

American International Group Inc. (NYSE:AIG): Its stock traded in the range of $35.76 and $36.10 in the current trading session and at this point is at $35.79, up 0.42 percent. American International Group is rumored to be considering filing a lawsuit against the US government in relation to its bailout efforts. The company will be holding a meeting to consider the issue and may join Hank Greenberg, a former chief executive of the company, in his lawsuit. The company stock is trading below its 20 days moving average price of $35.83 and its 50 days moving average price of $35.9. The stock’s highest price point of 52 weeks stands at $37.67 while its lowest price point is at $24.16. American International Group stock is trading at Price Earnings ratio of 2.49 and its beta is 3.45. The company provides insurance services and is based out of New York. It was established in 1919.

Morgan Stanley (NYSE:MS): The company announced slashing 1,600 of its investment banking positions. Its stock is currently trading at $19.70, up 0.25 percent. The stock oscillated in the range of $19.58 and $19.94 in the current trading session. The layoffs will reduce Morgan Stanley’s workforce by 6 percent. The banking company had reduced its workforce by 6 percent in 2012 as well. Various other banks including Goldman Sachs and Citigroup had also slashed its workforce in 2012. It is believed that Morgan Stanley has targeted senior level posts. In the past 52 weeks, the stock’s price range has been $12.26 and $21.19. Morgan Stanley reported its latest EPS at -$0.46. The company commands the market capitalization of $38.89 billion.

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