HTC Evo HOT TICKET for Sprint and 4 Hot Stocks to Watch Now
Sun Healthcare Group Inc (NASDAQ:SUNH): According to Sabra Health Care REIT (NASDAQ:SBRA), its largest tenant, Sun Healthcare Group, has signed a definitive agreement in which is will be acquired by Genesis Healthcare. Sabra stated, “We view the proposed acquisition of Sun by Genesis as a positive. Given the size of Genesis and its overall financial strength, we believe that the credit profile of our tenant base is improved. We expect to obtain a parent guaranty from Genesis to replace the existing Sun guaranty. Additionally, we expect the guaranty to include a tangible net worth covenant and expect to obtain an amendment to our master lease agreement with Sun to improve the annual rent escalators to a fixed 2.5% increase and to include cross-default provisions with Genesis’ term loan, all of which should improve the overall quality of our leases.” Shares of Sun Healthcare Group Inc are trading 0.06% higher today.
ConAgra Foods, Inc. (NYSE:CAG) reported an adjusted EPS 51c for Q4, consensus 50c, and a Q4 revenue at 3.41B, consensus $3.38B. According to executives, shoppers have been more frugal and have been eating more leftovers, which createds a difficult environment. Shares of ConAgra Foods, Inc. are trading 0.67% higher today.
Red Hat, Inc. (NYSE:RHT): Because of the Red Hat Enterprise Linux (RHEL) 6.3 release, Red Hat has made minor changes to the enterprise grade Linux distribution as a way to add new storage, virtualization, security, scalability, and performance capabilities. Shares of Red Hat, Inc. are trading 2.26% higher today.
Overland Storage, Inc. (NASDAQ:OVRL) has been downgraded by Benchmark Co. from Speculative Buy to Speculative Hold following an unfavorable ruling by the International Trade Commission this morning. The firm gives shares a $1.25 price target. Shares of Overland Storage, Inc. are trading 6.2% lower today.
Sprint (NYSE:S): As all have been in the past, the new HTC Evo 4G LTE will be exclusive to Sprint, and it will have the most powerful Evo iteration in the history of the line. This is one of the first Sprint handsets to deliver Android’s 4.0 Ice Cream Sandwich (NASDAQ:GOOG) operating system out-of-the-box. It also provides a sizable high-resolution screen, a speedy processor, and Beats Audio package. The retail price of the Evo 4G LTE has been reduced by Sprint to $129 on contract. Shares of Sprint are trading 1.89% higher today.
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