Hot Stocks: General Electric Company (NYSE:GE), Halcon Resources Corp (NYSE:HK), Actavis plc Ordinary Shares (NYSE:ACT), Activision Blizzard (NASDAQ:ATVI), Micron Technology (NASDAQ:MU)

Posted by on Jun 24, 2014

On June 22, 2014, General Electric Company (NYSE:GE),  overcame the last hurdle for the $17 billion purchase of Alstom SA (ALO)’s energy assets as shareholder Bouygues SA (EN) agreed to sell a stake to France, enabling the U.S. company to seal its biggest acquisition ever.  General Electric Company (NYSE:GE),  net profit margin is 8.60% and weekly performance is 0.56%. On last trading day company shares ended up $26.97. Analysts mean target price for the company is $28.90. General Electric Company (NYSE:GE),  distance from 50-day simple moving average (SMA50) is 2.18%.

Halcon Resources Corp (NYSE:HK),  had its price target upped by Canaccord Genuity from $5.50 to $6.00 in a research note issued to investors on Tuesday. The firm currently has a hold rating on the stock. Halcon Resources Corp (NYSE:HK), in last trading session ended on $6.99. HK, Gross Margin is 70.60% and its return on assets is -23.00%. Halcon Resources Corp (NYSE:HK), quarterly performance is 80.15%.

Wells Fargo & Co. initiated coverage on shares of Actavis plc Ordinary Shares (NYSE:ACT). The firm issued an outperform rating on the stock. Actavis plc Ordinary Shares (NYSE:ACT), shares moved up 1.64% in last trading session and was closed at $216.89, while trading in range of $214.82 – 218.80. Actavis plc Ordinary Shares (NYSE:ACT), year to date (YTD) performance is 29.10%.

On June 18, 2014, The leading video game publisher, Activision Blizzard, Inc. (NASDAQ:ATVI), is looking to expand its reach by associating with General Mills, Crayola and Penguin.  It will use the licensing program to strengthen the presence of Skylanders® Franchise throughout the world.  The subsidiary Activision Publishing Inc. made the announcements at Licensing Expo 2014. The company main aim is to provide the strong life and presence to the Toys-to-Life™ Genre by using the licensed Publishing Initiatives and opting for brand extensions. The new associations will help the company in fulfilling its objectives. Activision Blizzard, Inc. (NASDAQ:ATVI), ended the last trading day at $22.01. Company weekly volatility is calculated as 1.61% and price to cash ratio as 3.67. Activision Blizzard, Inc. (NASDAQ:ATVI),showed a positive weekly performance of 2.80%.

Micron Technology, Inc. (NASDAQ:MU), will report its third-quarter (3Q) earnings for fiscal 2014 (FY14) earnings after markets close today. The average of analysts’ revenue estimates is $3.89 billion, an increase of 67% year-over-year (YoY). The EPS projection is 69 cents. Micron is the leading provider of DRAM and NAND flash memory. In 2013, the company generated nearly 48% of its revenues from DRAM sales, 40% from NAND Flash sales, and the rest from the sales of NOR Flash and other products. In the memory semiconductor industry, Micron has a revenue share of 22.4%, second only to Samsung’s (SSNLF) 36.7%. SK Hynix trails Micron closely, with a share of almost 22.1%. Micron Technology, Inc. (NASDAQ:MU), net profit margin is 21.30% and weekly performance is 2.18%. On last trading day company shares ended up $31.85. Analysts mean target price for the company is $35.33. Micron Technology, Inc. (NASDAQ:MU), distance from 50-day simple moving average (SMA50) is 17.60%.

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