Notable News & Corporate Developments: CenterPoint Energy, Abercrombie & Fitch, Himax Technologies, Wal-Mart Stores, Halliburton Company
NEW YORK, November 7, 2013 /PRNewswire/ --
Market Buzz Report, which provides regular updates on penny stocks, releases critical updates for CenterPoint Energy, Inc.(NYSE:CNP), Abercrombie & Fitch Co.(NYSE:ANF), Himax Technologies, Inc. (NASDAQ:HIMX), Wal-Mart Stores, Inc.(NYSE:WMT), Halliburton Company(NYSE:HAL)
CenterPoint Energy, Inc.(NYSE:CNP) shares enjoy afternoon strength as CEO David McClanahan says he won't rule out alternatives vs. a midstream MLP IPO."We are moving ahead full speed" on the IPO, McClanahan said in today's earnings call, "but that doesn't rule out any other alternatives. If there is another way to get public and create more shareholder value, we will consider that."Shares had been little changed after Q3 earnings beat estimates but revenue fell far short of expectations.
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Abercrombie & Fitch Co.(NYSE:ANF) says it will offer apparel in larger sizes in an effort to stoke sales. The retailer has a tainted past with plus-sized consumers after disparaging remarks from CEO Mike Jeffries aimed at the group were widely reported and drew criticism.
Free Urgent Insider Catalyst Report For ANF Available Here: http://marketbuzzreport.com/index.php?code=ANF (Or Copy and paste the URL into your browser)
"Industry sources" tell Digitimes Himax Technologies, Inc. (NASDAQ:HIMX) and other providers of large-size LCD driver ICs have been cutting their inventories due to soft Chinese TV demand during the Oct. 1 holiday period. The site also reports small-size LCD TV panel (32"-42") prices have fallen by $1-$3/panel since October, and that prices of larger panels have fallen by at least $5.However, demand for driver ICs used with Ultra HD (4K) TV panels is said to be stronger; IC vendors are expected increase their Ultra HD-related chip wafer starts by up to 50% Q/Q in Q4.Chinese TV sales have been pressured in 2H13 thanks to the end of a subsidy program. Himax's large-size driver IC sales totaled $64.3M in Q2, -19% Y/Y and amounting to 31% of revenue. By contrast, sales of small/medium-sized panels (54% of revenue) rose 32% Y/Y thanks to strong smartphone-related demand
Free Urgent Insider Catalyst Report For HIMX: Available Here: http://marketbuzzreport.com/index.php?code=HIMX (Or Copy and paste the URL into your browser)
Wal-Mart Stores, Inc.(NYSE:WMT) says a technical glitch caused a number of products to be listed at dramatically low prices on its website earlier today in a development that has lit up various retail and coupon-clipping blogs. Consumers report that they weren't able to complete the transactions at the false prices.WMT screenshot: $600 digital projector listed at $8.85.
Free Urgent Insider Catalyst Report For WMT: Available Here: http://marketbuzzreport.com/index.php?code=WMT (Or Copy and paste the URL into your browser)
Halliburton Company(NYSE:HAL) says it aims to expand in the deepwater market at least 25% faster than the market growth rate over the next three years. At HAL's analyst day, senior VP for drilling Eric Carre cites industry estimates for deepwater market growth of 11% annually through 2018, with 62% of the new wells to be drilled in the Golden Triangle of Brazil, west Africa and the Gulf of Mexico.HAL also commits to tripling the revenue it earns from its mature fields business to $9B by 2016.Also, HAL raises its quarterly dividend by 20% to $0.15/share.
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