Advanced Semiconductor Engineering (ADR) (NYSE:ASX) went up 5.20% to $5.27. The 52-week range for the stock is $3.33 and $6.66. The Company has Price/Sales ratio of 0.88 and Price/Book ratio of 1.87. The 50-Day Moving Average and 200-Day Moving Average prices is $5.39 and $5.69 respectively.
Regions Financial Corporation (NYSE:RF) soared 2.84% to $4.35. Standard & Poor’s upgraded the outlook on the Company and its subsidiary Regions Bank to stable from negative.
Vale (ADR) (NYSE:VALE) jumped 3.98% to $26.68 after the U.S. central bank said that it would hold the federal funds target rate at a range of 0% to 0.25% unchanged through mid-2013.
MGM Resorts International (NYSE:MGM) moved up 4.84% to $10.83 after the Company released second quarter results. Revenue rose 17% to $1.81 billion, above the analysts’ expectations of $1.58 billion. Net income was$3.44 billion or $6.22 per share compared to net loss of $883.5 million or $2 per share in the prior year period.
Cree Inc (NASDAQ:CREE) is up 5.21% to $35.86 after the Company posted fourth quarter results. Profit was $19.8 million or 18 cents per share compared to net income of $52.8 million or 48 cents per share in the prior year period. Revenue declined 8% year over year to $243 million, beating the analyst expectations of $232 million.
