May 17, 2013
05:39 EDT GM General Motors upgraded to Buy from Underperform at CLSA
CLSA upgraded General Motors two notches to Buy from Underperform and raised its price target for shares to $40 from $31. The firm is positive on GM's product cycle in the U.S. and its turnaround in Europe.
Share Repurchase Program
On December 26, 2012, the Company announced the renewal of its share repurchase program to repurchase up to US$48.2 million of its ADSs and shares between the dates of January 1, 2013 to December 31, 2013. During the first quarter of 2013, Renren repurchased approximately 1.3 million ADSs.
The Company expects to generate revenues in an amount ranging from US$55 million to US$57 million in the second quarter of 2013, representing 23% to 27% year-over-year growth. This forecast reflects Renren's current and preliminary view, which is subject to change.
Chinese operator of social networks is scheduled to report quarterly results, with analysts estimating the company will post a loss of 7 cents a share on $45.2 million in revenue.
Sky-mobi Limited (MOBI) Posts Surprise Q4 Profit of 2c/ADS
6:21 AM ET, 05/13/2013 - Street Insider
Sky-mobi Limited (NASDAQ: MOBI) reported Q4 EPS of $0.02, $0.07 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $25.9 million versus the consensus estimate of $19.05 million.
Chimera Investment Corporation
Dividend Yield: 10.80%
Chimera Investment Corporation (NYSE:CIM) shares currently have a dividend yield of 10.80%.
Chimera Investment Corporation operates as a real estate investment trust (REIT) in the United States. The company has a P/E ratio of 25.54.
The average volume for Chimera Investment Corporation has been 9,146,500 shares per day over the past 30 days. Chimera Investment Corporation has a market cap of $3.4 billion and is part of the real estate industry. Shares are up 26.1% year to date as of the close of trading on Thursday.
TheStreet Ratings rates Chimera Investment Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
Highlights from the ratings report include:
CIM's revenue growth has slightly outpaced the industry average of 10.1%. Since the same quarter one year prior, revenues rose by 10.3%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
Net operating cash flow has increased to $109.58 million or 36.72% when compared to the same quarter last year. In addition, CHIMERA INVESTMENT CORP has also vastly surpassed the industry average cash flow growth rate of -63.29%.
The gross profit margin for CHIMERA INVESTMENT CORP is currently very high, coming in at 88.80%. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of 25.51% trails the industry average.
Compared to where it was a year ago today, the stock is now
UBS increased its EPS estimates on shares of CenturyLink (CTL) following strong earnings from the company last night. In the report, UBS cited strong growth potential for 2014 sending shares higher by 1.1% today