News / Finance
Most Active Stock of Today - (NYSE:BDK) Is Today’s
Hot Stocks
The Black & Decker Corporation (NYSE:BDK) jumped up over 8.93% to $51.43 on massive volume of 1.10 million shares after it announced Monday that it raised its Q3 guidance, citing better-than-expected sales from early shipments, operating margin, as well as positive currency exchange. The company now expects EPS of about 91 cents (vs. consensus estimates of 45 cents), up from its previous guidance range of 35 to 45 cents per share. Black & Decker also said it sees a sales decline of 23% and operating margin of approximately 7.5% for the quarter.
Also Barclays begins coverage of Black & Decker with an Overweight rating and $55 price objective.
The Black and Decker Corporation is a global manufacturer and marketer of power tools and accessories, hardware and home improvement products, and technology-based fastening systems. The Company is a global supplier of engineered fastening and assembly systems. The Company operates in three operating segments: power tools and accessories, including consumer and industrial power tools and accessories, lawn and garden products, electric cleaning, automotive, lighting, and household products, and product service; hardware and home improvement, including security hardware and plumbing products; and fastening and assembly systems.
ABOUT PennyStockPickReport.com
Penny Stock Pick Report is one of the leading stock web site that provides free stock alerts and tracks small cap penny stocks that could be on the brink of a massive breakout. If you wish to get your company featured on our website then please contact us at info[at]PennyStockPickReport.
