Hot Stocks: International Business Machines Corp. (NYSE:IBM), BlackBerry Ltd (NASDAQ:BBRY), Eastgroup Properties Inc (NYSE:EGP), SLM Corp (NASDAQ:SLM)

Posted by on Apr 17, 2014

International Business Machines Corp. (NYSE:IBM) was sued by Iusacell SA, Mexico’s third-biggest mobile-phone provider, for $2.5 billion in lost profits tied to a 2010 deal that failed. IBM claims the lawsuit is intended to avoid arbitration over the contract. International Business Machines Corp. (NYSE:IBM) shares after opening at $198.05 moved to $198.71 on last trade day and at the end of the day closed at $196.40. Company price to sales ratio in past twelve months was calculated as 2.05 and price to cash ratio as 18.48. International Business Machines Corp. (NYSE:IBM) showed a negative weekly performance of -0.12%.

BlackBerry Ltd (NASDAQ:BBRY) has confirmed it is investing in IT giant NantHealth as part of its strategy to focus more on the so called “Internet Things” of which it has helped built over the years. The company’s CEO in a statement pointed out that the strategy is part of the company’s effort to tap into the interconnected system that makes up ‘Internet Things’.BlackBerry Ltd (NASDAQ:BBRY) shares fell -0.83% in last trading session and ended the day on $7.15. BBRY return on equity ratio is recorded as -8.67% and its return on assets is -6.35%. BlackBerry Ltd (NASDAQ:BBRY) yearly performance is -48.60%.

Eastgroup Properties Inc (NYSE:EGP), a real estate investment trust, said Wednesday its funds from operations, or FFO, for the first quarter grew to $25.4 million or $0.82 per share from $22.7 million or $0.76 per share last year. Eastgroup Properties Inc (NYSE:EGP) shares moved up 0.41% in last trading session and was closed at $64.01, while trading in range of $63.00-$64.21. Eastgroup Properties Inc (NYSE:EGP) year to date performance is 11.44%.

SLM Corp. (NYSE:SLM) will be releasing its Q114 earnings data on Wednesday, April 16th. Analysts expect SLM Corp. to post earnings of $0.55 per share and revenue of $656.60 million for the quarter.SLM Corp (NASDAQ:SLM) weekly performance is 3.03%. On last trading day company shares ended up $25.51. SLM Corp (NASDAQ:SLM) distance from 50-day simple moving average is 5.49%. Analysts mean target price for the company is $28.28.

Leave a Reply

Your email address will not be published. Required fields are marked *