SkyWest STRIKES Atreement with Mitsubishi Aircraft and 4 Hot Stocks on the Move
Complete Genomics, Inc. (NASDAQ:GNOM) has risen 9.2% premarket which adds to yesterday’s 44% surge after the announcement of its Long Fragment Read (LFR) technology, a new way to map DNA which “dramatically improves accuracy…and significantly reduces the amount required for testing.” This should cause it to be more accessible to patients. Shares of Complete Genomics, Inc. are trading 5.80% lower today.
Callaway Golf Co (NYSE:ELY) intends to cut 12% or its workforce in its move to focus on important brands Callaway and Odyssey. Now, the company predicts a $0.55 to $0.75 loss within the year. Following the company’s preannouncement regarding a slightly low Q2 revenue, Roth Capital lowered its estimates, but keeps its optimism concerning the company’s long-term outlook. The firm keeps a Buy rating on the stock. Shares of Callaway Golf Co are trading 4.42% lower today.
LMP Real Estate Income Fund Inc. (NYSE:RIT): Legg Mason BW Global Income Opportunities Fund Inc. BWG +0.35% will host a conference call today, July 12, 2012, at 4.00 pm eastern. Brandywine Global Investment Management, LLC Portfolio Manager Brian Hess intends to discuss both the Fund’s investment portfolio and outlook. He will also hold a Q&A session. The Legg Mason-affiliated closed-end fund family also includes ClearBridge Energy MLP Fund Inc. CEM -0.30% , ClearBridge Energy MLP Opportunity Fund Inc. EMO -0.15% , ClearBridge Energy MLP Total Return Fund Inc. CTR -0.86% , LMP Capital & Income Fund Inc. SCD -0.55% , LMP Corporate Loan Fund Inc. TLI +0.16%. Shares of LMP Real Estate Income Fund Inc. are trading 0.96% lower today.
SkyWest, Inc. (NASDAQ:SKYW) has granted Mitsubishi Aircraft Corp. an agreement in which Mitsubishi will sell 100 regional planes to SkyWest Inc. (NASDAQ:SKYW) (NASDAQ:SKYW) as a way to endorse Japan’s passenger jet at Canada’s Bombardier Inc.’s expense. The planes have up to 90 seats and the deliveries of the planes will begin in 2017 beneath yesterday’s announced accord. The commitment is valued at a $4.2B list price, which pushes Mitsubishi’s orders as well as commitments for the jet to 230. Shares of SkyWest, Inc. are trading 0.64% higher today.
Fastenal Company (NASDAQ:FAST) has risen 1.4%. The company’s net profit for Q2 has risen 19% reaching $112.3M, which includes a loss on property and equipment sales. This is the third consecutive growing quarter, but analysts continue to be negative about the company’s Q3. Fastenal’s gross margin for Q2 dropped from 52.2% to %1.6%, but the company opened 53 new stores during H1. Shares of Fastenal Company are trading 6.61% higher today.
Investing Insights: Fastenal Earnings CHEAT SHEET: Double-Digit Growth AGAIN!
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