Factors Driving the Equity Markets: Coverage Initiated on GoPro, Lockheed Martin, Smith & Nephew, NQ Mobile and Vanda
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, December 24, 2014 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including GoPro (NASDAQ: GPRO), Lockheed Martin (NYSE: LMT), Smith & Nephew (NYSE: SNN), NQ Mobile (NYSE: NQ), and Vanda (NASDAQ: VNDA). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
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Today's update concerns the following companies:
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Full PDF Download Links (you may have to copy and paste the following links into your browser):
GPRO Research Report: ( http://get.analystsreview.com/pdf/?c=GoPro&d=24-Dec-2014&s=GPRO ),
LMT Research Report: ( http://get.analystsreview.com/pdf/?c=Lockheed%20Martin&d=24-Dec-2014&s=LMT ),
SNN Research Report: ( http://get.analystsreview.com/pdf/?c=Smith%20%26%20Nephew&d=24-Dec-2014&s=SNN ),
NQ Research Report: ( http://get.analystsreview.com/pdf/?c=NQ%20Mobile&d=24-Dec-2014&s=NQ ),
VNDA Research Report: ( http://get.analystsreview.com/pdf/?c=Vanda&d=24-Dec-2014&s=VNDA ).
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Analyst Update: Settlement Agreement, Potential Acquisitions, Contract Commitments, and Share Buyback
Reviewed by: Rohit Tuli, CFA®
The U.S. stock markets on Tuesday closed mostly higher with the Dow Jones Industrial Average (DJIA) closing above 18,000 for the first time, amidst positive data, which showed that economic activity in third quarter expanded at its fastest pace since Q3 2003. The DJIA closed at 18,024.17, up 0.36%, while the S&P 500 closed at record high of 2,082.2, up 0.17%. The NASDAQ, however, ended the day in red, down 0.33% at 4,765.4. The U.S. markets got a boost from the revised Q3 GDP growth data, which showed that the Country's GDP accelerated to an annualized rate of 5.0%, up from 3.9%, predicted earlier. European stocks too rose, buoyed by positive across the Atlantic, even though a fall in Greek stocks kept a lid on gains. The stocks were also helped by positive economic news from Spain and Portugal. The Bank of Spain raised its economic forecast, while Portugal's budget deficit shrank to 4.3% of its GDP in the 12 months to the end of September, from 4.8% a year earlier. The Asian stock markets ended the day on a mixed note with lower trading volumes ahead of Christmas holiday.
Shares of Camera maker GoPro Inc. (GoPro) rallied over 6% in trade to end the session at $61.54. On December 23, 2014, a total 13.41 million shares changed hands, significantly higher than the 30-day average trading volume of 7.51 million shares. In the last two trading sessions, the stock has gained almost 14%. Read the financial commentary on GoPro and get to know more on its businesses in our research report.
Lockheed Martin Corporation (Lockheed Martin) meets its 2014 target for 36 F-35 deliveries to the US government - the most in a single year. "The program offers stability and ability to ramp up production," says the Company's F-35 program manager. Read our research report on Lockheed Martin to know more about the order and the way forward.
ADRs of medical device-maker Smith & Nephew Plc (Smith & Nephew) rose amidst media reports that US-based Stryker is planning to launch a takeover bid for the firm. ADRs of Smith & Nephew ended the trading session at $38.04, up 9.4%. Explore more about the potential bid and other industry-specific news in our research report on Smith & Nephew.
ADRs of Chinese mobile-security Company - NQ Mobile Inc. (NQ Mobile) rebounded after the Board approved share buyback plan. The ADR gained 35.3% in trade to end at $4.68, with a total of 18.78 million shares changing hands. Read more about the shares repurchase and the latest results in our research report on NQ Mobile.
Vanda Pharmaceuticals Inc.'s (Vanda) stock rallied 14% in trade, after the Company called truce with Novartis regarding the Fanapt license arbitration proceedings; Vanda to regain US and Canadian rights to Fanapt. Read more about the drug and the terms of the settle agreement in our research report on Vanda.
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About Analysts Review
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Analysts Review was designed for investors. By providing the best information available, we have set ourselves apart as one of the premier online investor communities.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
Compliance Procedure: Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
Further Resources: For more information about this release including editorial notes, compliance procedures and legal disclosures, please visit: http://www.analystsreview.com/editors
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