Stocks Fall on Weak Payrolls Report and Hewlett-Packard Chairman Resigns
NEW YORK, April 8, 2013 /PRNewswire/ –
Major indexes were down more than 1% on Friday after a report revealed that 88,000
jobs were added in March, significantly less than the forecast of 200,000 that was
expected. Hewlett-Packard Co. Chairman Ray Lane has stepped down and activist investor,
fellow board member, Ralph Whitworth will be his replacement until someone permanently
Whether bull or bear The Stock Freak has got you covered! Sign up to receive our free
newsletters and stay up to date with stocks on the run. http://www.TheStockFreak.com
NII Holdings Inc. (Nasdaq: NIHD) – Shares of NIHD saw a pop on Friday after the
Company confirmed rumors that it was selling its stake in Nextel Peru for $400 million to
Empresa Nacional de Telecomunicaciones S.A. The deal is expected to close during the
second half of the year. The stock closed at $5.48, up 20.70% on Friday.
Many mid or large cap stocks once started off as Penny stocks!
F5 Networks, Inc. (Nasdaq: FFIV) – F5 Networks sank to a new 52-week low of $71.95 on
Friday after announcing preliminary second quarter results that were significantly below
analysts’ expectations late Thursday. The Company blamed lower guidance primarily on
disappointing results from its North American business. Shares of FFIV closed at $73.21 on
Friday, down 19.03%.
Delta Air Lines Inc. (NYSE: DAL) – Shares of Delta Air Lines closed down 2.44% on
Friday. The company has launched a suit on Wednesday against the United States
Export-Import Bank to block loan guarantees being advanced to certain foreign airline
firms for purchasing wide-body aircraft manufactured by The Boeing Company. According to
the complaint, the bank violated the law by approving the guarantees “without any
consideration of plaintiffs’ comments and the adverse effects on U.S. industry and
Penny stocks [http://www.thestockfreak.com ] can deliver sky-rocketing returns and are
a popular choice among many investors in the market because of how much lower they trade
than big cap companies.
Rigel Pharmaceuticals, Inc. (Nasdaq: RIGL) – Rigel Pharmaceuticals dipped to a new
52-week low of $4.48 on Friday. Though the Company has no products on the market, it has
an experimental rheumatoid arthritis medicine being developed with AstraZeneca Plc. The
medicine showed mixed results in a trial and failed to meet one of the end goals of a
late-stage clinical trial.
Radware Ltd. (Nasdaq: RDWR) – Radware shares sank as much as 25% on Friday but also
saw a big boost in trading volume after lowering its first-quarter earnings and revenue
forecasts due to weaker-than-expected sales.
To find similar research reports that are available for free follow the link below and
sign up at http://www.TheStockFreak.com [http://www.thestockfreak.com/index2.html ]
Disclosure: TheStockFreak.com is not a registered investment advisor and nothing
contained in any materials should be construed as a recommendation to buy or sell
securities. Investors should always conduct their own due diligence with any potential
investment. Please read our report and visit our website, for complete risks and