Early Movers: General Electric Company, Power One Inc, Groupon Inc, Intel Corporation


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NYSE:GE / NASDAQ:INTC
04/22/2013 [ACCESSWIRE]

NEW YORK, April 22, 2013 -Bestdarnpennystocks.com, one of the leaders in providing investment alerts on U.S. stocks are announcing Investment Highlights on General Electric Company, Power One Inc, Groupon Inc, Intel Corporation.

General Electric Company(NYSE:GE) shares dropped 2.21% to $21.26. The company, on April 19, said its first-quarter revenue beat Wall Street expectations, assuaging fears of a miss after a lukewarm report on March U.S.
factory activity.

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The company said revenue rose slightly to $35 billion, surpassing the $34.51 billion analysts had expected. The company said it earned $3.53 billion, or 34 cents per share, in the quarter, compared with $3.03 billion, or 29 cents per share, a year earlier. Adjusted profit was 35 cents

per share, matching analysts' average forecast. Additionally, JPMorgan reported on April 22 that it has
reduced its rating on technology company, General Electric Company (GE). The firm has downgraded GE to “Neutral,” and has given the company a $22 price target.

Power One Inc (NASDAQ:PWER) shares soared 56.31% to $6.32. Automation technology group ABB on April 22 said it was buying renewable energy firm Power-One Inc for around $1 billion, an effort to step up its presence in the growing solar inverters market.

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ABB said the boards of both companies had agreed that ABB will acquire Power-One at $6.35 per share in cash, a deal which includes Power-One's net cash of $266 million, ABB said in a statement on Monday. Subject to shareholder and regulatory approvals, the transaction is expected to close the second half of 2013.

Groupon Inc (NASDAQ:GRPN) stock gained 0.94% to $6.42. The company, on April 9, announced Sri Viswanath as its Senior Vice President of Engineering and Operations. He will report to interim CEO Eric Lefkofsky. Viswanath joins Groupon from VMware, where he served as vice president of research and development for mobile computing. Prior to VMware, he was senior vice president of Engineering at Glam Media and general manager of its publisher products group.

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After the release of Intel Corporation(NASDAQ:INTC)’s Q1 earnings a funny thing took place. Intel promised investors quick improvement in gross margins this current quarter and a whopping 60% gross margin for the
year, despite reporting weakened sales and plunging profits.

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These promises are not realistic. Fool contributor Rich Smith said that why the gross margin target may miss and why that miss could be a great opportunity to buy Intel stock. When it comes to dominating markets, it
doesn't get much better than Intel's position in the PC microprocessor arena. However, that market is maturing, and Intel finds itself in an uncertain situation longer term if it doesn't find new avenues for growth. Analyst are finding
through all of the key topics which investors should understand about Intel stock in the premium research report on Intel.

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