NEW YORK, March 22, 2013 -Bestdarnpennystocks.com, one of the leaders in providing investment alerts on U.S. stocks are announcing Investment Highlights on NIKE, Yahoo! Inc, Vale SA.
NIKE, Inc.(NYSE:NKE) has reported its earnings for the latest quarter. Its income rose 55 percent thanks to a revival in the North American market and lower material costs. Both helped to make up for reduced business
due to continued weakness in China.
On one hand, Nike has been dealing with uncertainty in Europe and on the other, a slowdown in China’s growth.
The athletic clothing and equipment maker has been focusing on North America, disposing off brands like Umbro to focus on core brands.
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The company earned $866 million, or 73 cents a share for thequarter ended Feb. 28. Its net income in the year-ago period had been $560 million, or 61 cents a share. The Street had expected 67 cents a share.
Revenue climbed 9 percent to $6.19 billion, from $5.66 billion last year, a tad lower than analysts’ expectations of $6.2 billion.
The stock climbed $4.44, or more than 8 percent, to $58.04.
Yahoo! Inc.(NASDAQ:YHOO) shares gained 0.66% to $23.01. The company on Mar. 19 said it is in discussions to buy a controlling stake in the Dailymotion video streaming site from France Telecom SA, according to a report by the Wall Street Journal on Mar. 19. Citing unnamed sources, the report said Yahoo may buy a 75% stake in the site, which could fetch a total valuation of around $300 million. It would be the first major acquisition since Marissa Mayer took over the CEO job at Yahoo last year.
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Additionally, the company today said it is expanding in New York State where it will build a new data center and
customer care facilities, the Web portal said Thursday. The plan builds on Yahoo's existing Lockport data center which opened in 2010, and is expected to create 115 new jobs in engineering, technology and customer service. Yahoo triggered a national controversy when it said it was discouraging employees from working from home in order to encourage more productive interactions within the company.
Vale SA (ADR)(NYSE:VALE) shares jumped 2.10% to $18.92. The company, on Mar. 21, announced that it suspended force majeure (FM) declared on February 15, 2013 on a number of its coal sales contracts. High rainfall since early February 2013 in Tete, Mozambique, has created serious challenges to the Linha do Sena railway, thus impacting the transportation of its coal products. The Company estimated a loss of approximately 500,000 metric tons in metallurgical coal shipments.
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Additionally, the Company, on Feb. 18, annluced that it has declared force majeure (FM) on a number of its coal sales contracts as on February 15, 2013 and is communicating with customers as required under its agreements with them. So far, the Company estimates a loss of approximately 250,000 metric tons in metallurgical coal shipments. It will disclose further information related to the evolution of these events until the situation has been normalized.
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