St. Jude Medical FACED with Suit and 4 Hot Morning Stocks to Notice Now
Deckers Outdoor (NASDAQ:DECK) is trading up 0.66 percent regardless of OTR Global’s warning on likely sluggish sales in Q2, with most analysts agreeing that Europe could be a drag on the company’s performance; CEO Angel Martinez’s insider buying is dismissed in the light of his earlier stock and option sales.
Baird downgrades SanDisk (NASDAQ:SNDK) to Neutral prior to the company’s Q2 report out Thursday, citing a weak market for NAND flash memories and its shift to lower-margin products in its production mix.
Barron’s has a positive view on NCR (NYSE:NCR) saying its point-of-sale systems, which show a high return on investment, would sell well even in a down economy; also says a diversified product line, new solutions for the banking industry and strong presence in emerging markets are sufficent to outweigh heavy pension liabilities.
According to St. Jude Medical (NYSE:STJ), initial findings of a study reveal that erosion of leads in its Riata defibrillators, which were the subject of a recall, occurred in cables of larger diameters and from the inside out; the company is now faced with a class action lawsuit over this recall.
Shares of First Solar (NASDAQ:FSLR) are up over 5 percent after its announcement that the 200 MW Agua Caliente solar plant, being constructed for NRG Energy (NYSE:NRG), is now over 2/3 complete; the plant, which has received a DOE loan guarantee and a 49 percent stake investment by Berkshire Hathaway’s MidAmerican Energy, is expected to be complete by 2014.
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