4 Stocks Sell into Red as Govt Lights 1 Hot Stock Up Green
Casey’s General Stores, Inc. (NASDAQ:CASY): For the company’s FY13 the corporate performance goals include: Increase the same-store gasoline gallons 1% with 14c per gallon being the average margin; increase same-store grocery and merchandise sales by 6.2% with 32.7% as the average margin; increase same-store fountain sales and prepared food sales by 11% with 61.1% being the average margin.; and increase the amount of stores 4%-6%. Caseys General Stores will also replace 20 stores and remodel 50-75 stores. Shares of Casey’s General Stores, Inc. closed 12.90% lower today.
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USEC Inc. (NYSE:USU): After reaching a $350M agreement with the U.S. Department of Energy intended for cooperative research, development, and demonstration program which would confirm the technical preparation of the American Centrifuge, called ”the next-generation U.S. uranium enrichment technology,” USEC has crashed. Shares of USEC Inc. closed 25% higher today.
Ramtron International (NASDAQ:RMTR): On June 12, Ramtron International received an unsolicited proposal from Cypress Semiconductor Corporation (NASDAQ:CY) in which all outstanding stock of Ramtron will be acquired at $2.48 per share in cash. Ramtron’s Board of Directors will review and consider the proposal as well as consult with its financial and legal advisers to ensure the chosen course of action will benefit both Ramtron and its stockholders. Shares of Ramtron International closed .41% lower today.
Scotts Miracle-Gro Co (NYSE:SMG): According to BGB Securities, today’s share sell-off of Scotts Miracle-Gro has created a buying opportunity for long term investors. BGB Securities dropped its price target from $60 to $50 per share but reiterates a Buy rating. Shares of Scotts Miracle-Gro Co closed 6.6% lower today.
Global Payments Inc (NYSE:GPN): Following Global Payments reaffirmation that track data from less than 1.5M cards could have been exported and that a select number of merchant applicants’ information could have been compromised, Wells Fargo does not believe this will be a material negative development, but the firm believes that stock may continues to trade in a range until investors become comfortable and regain confidence about issues related to the incident. The firm reiterates its Outperform rating on the stock. Shares of Global Payments Inc closed 4.05% lower today.
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