Chimera’s Pressures, Ford Rumors and 3 Spotlight Stocks to Watch

| + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Chimera Investment Corporation (NYSE:CIM) sees a low of $1.81. Chimera began the session down 15 percent on Friday, although no specific news has been released on the financial institution. Shares have seen pressure since the middle of June after an update on its current review.

Don’t Miss: Bank Of America Shares: BUY or SELL?

Nexen (NYSE:NXY): New York Senator Schumer intends to ask Treasury Secretary Geithner the ability to use Cnooc’s (NYSE:CEO) proposed $15 billion purchase of Canada’s Nexen (NYSE:NXY) as leverage to open the Chinese market for U.S. companies, according to the WSJ.

Arch Coal (NYSE:ACI) stated that it narrowed its capital spending guidance range to $410 million to $430 million for 2012. Also, the company is evaluating future capital expenditure plans to minimize spending where possible and is redeploying some idled equipment into other active operations. Arch predicts future reductions in annual capital expenditures of $30 million to $40 million via these initiatives. Arch stated that it keeps moving forward with the development of the high-quality, low-cost Leer metallurgical mine in Appalachia, with the longwall scheduled to begin in mid-2013. To optimize the company’s asset portfolio, Arch closed four higher-cost thermal coal mining operations and stalled an additional thermal mine in Appalachia during the Q2 of 2012 because of the unprecedented downturn in U.S. coal demand.

Sirius (NASDAQ:SIRI) could very well be near a break out northward as it presses on resistance levels around $2.10.

Ford (NYSE:F) claims rumors that it is considering adding more aluminum parts to the F-150 are “premature,” according to the Detroit News. A spokesperson states, “We’re constantly looking at multiple ways to improve the fuel efficiency and capabilities of our cars and trucks with innovative technologies.”

Don’t Miss: Apple Suppliers STILL Plagued by Major Safety Issues.

Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business