Wal-Mart ROCKS and 4 Stocks BLASTING to Fresh 52-Week Highs
Tegal Corp. (NASDAQ:TGAL) reported that it has inked a definitive agreement for the purchase of CollabRx, Inc., a private equity tech firm in the quickly growing market of interpretive content and data analytics for genomics-based medicine. Shares closed up 43.89 percent on the day at $5.18, having been traded between $1.50 and $4.79 during the past 52 weeks.
Union Pacific Corporation’s (NYSE:UNP) CEO foresees “another record year” for fiscal year 2012. Shares closed down 0.67 percent on the day at $118.51, having traded between $77.73 and $119.82 during the past 52 weeks.
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USG Corporation. (NYSE:USG) is strategically partnering with the Zawawi Group of Oman, in order to meet the growing demand for its building products in the Middle East and India. USG projects that the stake of about $60 million should be incurred over two years, with the majority being in 2012. USG’s partnership with the Zawawi Group will be multifaceted, with the first phase consisting of the establishment of a mining joint venture through which USG will acquire 55 percent of Zawawi Gypsum, which currently holds the mining rights to a gypsum quarry in Salalah, Oman, which will be operated by the same joint venture, with mining operations slated to begin in the third quarter of 2013. The next phase of the partnership will be a 50/50 manufacturing partnership with Zawawi Minerals, to establish and operate a new low cost wallboard plant in the Salalah Free Zone, Oman, which is an enterprise zone that has been operational for the past three years. Shares closed up 4.72 percent on the day, and have traded in a range between $5.75 and $19.44 the past 52 weeks.
Verizon Communication’s (NYSE:VZ) HTC Droid Incredible 4 gigabyte LTE will be introduced on July 5th. Shares closed up 1.06 percent on the day at $44.91, having traded between $32.28 and $44.77 the past 52 weeks.
Wal-Mart Stores (NYSE:WMT) shares are still shrugging at the company’s bribery scandal in Mexico, as they closed down 0.56 percent on the day at $69.33, and have traded between $48.31 and $69.72 for the last 52 weeks. Rationale for the non-reaction is the economy, which is not really stalling out but isn’t robust either, but might be just about right for the stores to attract shoppers looking for bargains, and who aren’t kept up at night worrying about the scandal.
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