Northrop Grumman and 3 Stocks Riding 52-Week Highs
Fidelity Southern Corporation (NASDAQ:LION): Fidelity Southern Corporation, the holding company for Fidelity Bank, reported a net income of $8.2 million for the third quarter 2012, as compared to $6.4 million for their second quarter 2012, and $2.1 million for their third quarter 2011. After accounting for the preferred dividend, basic and diluted earnings per share for the third quarter 2012 were 51c and 45c, respectively, which was compared to basic and diluted earnings per share of 39c and 35c in the second quarter of 2012. Their shares closed at $10.29, up $0.66 or 6.85% on the day. They have traded in a 52-week range of $5.4729 to $9.94.
Monarch Financial (NASDAQ:MNRK): Monarch Financial reported their third quarter earnings per share of 44c, with one estimate of 30c. Their shares closed at $10.35, up $0.61 or 6.26% on the day. They have traded in a 52-week range of $6.91 to $10.25.
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Northrop Grumman (NYSE:NOC): According to administration officials, as reported to the New York Times, President Obama will veto a bill that blocks automatic spending cuts and tax hikes from occurring at the beginning of next year, unless the bill includes tax rate hikes for wealthy Americans. However, administration officials declined to say whether Obama would veto such a bill if he isn’t reelected. Their shares closed at $71.13, up $0.53 or 0.75% on the day. They have traded in a 52-week range of $52.69 to $70.79.
Northern Tier Energy (NYSE:NTI): Sees their third quarter Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) $235-$255 million. This updated outlook reflects higher EBITDA guidance as compared to the forecast provided in their initial public offering prospectus, dated July 25. This increased Adjusted EBITDA outlook is primarily due to improved results in the Refining segment, which was driven by higher refined product margins per barrel and increased volumes compared to the forecast previously provided. The updated outlook also reflects lower GAAP net earnings compared to the operating forecast, in the prospectus, that was due, primarily, to the accounting impact during the third quarter of certain non-cash charges related to the initial public offering. Their shares closed at $21.96, up $1.15 or 5.53% on the day. They have traded in a 52-week range of $13.00 to $21.95.