Beacon Equity Research announces the release of stock alerts covering active stocks in the news: Marshall & Ilsley (NYSE: MI), QUALCOMM (Nasdaq: QCOM), Delta Air Lines Inc. (NYSE: DAL), Target Corp. (NYSE: TGT), General Electric Co. (NYSE: GE) and Del Monte Foods Co. (NYSE: DLM).
The stock alert features the most recent headlines, share price and technical analysis for each covered company. The full alert, as well as other articles, market research and more can be found at http://www.beaconequity.com
In the stock Alert, the author highlights Marshall & Ilsley’s public offering of $400 million of common stock:
“Marshall & Ilsley (NYSE: MI) shares slipped 1.71% to 32 cents midday today. The Milwaukee-headquartered bank holding company recently announced it has commenced a public offering of $400 million of its common stock. … Three weeks earlier, the company said it planned to sell up to $350 million of stock from time to time, either to bolster capital or to repay some of the $1.72 billion taken from the Troubled Asset Relief Program. … The company clarified the Thursday's announcement is in lieu of the $350 million discretionary equity issuance plan announced May 19, 2009.”
The stock Alert author also featured QUALCOMM lifting its third-quarter sales and earnings guidance:
“QUALCOMM (Nasdaq: QCOM) shares climbed .56% to $46.33 in today’s midday session. QUALCOMM designs, manufactures and markets digital wireless telecommunications products and services based on its code division multiple access (CDMA) technology and other technologies. … San Diego-based QUALCOMM recently announced it lifted its sales and earnings guidance for the third fiscal quarter, attributable to stronger than expected demand for more data-capable chipsets and increased licensing revenues driven in part by advanced 3G network upgrades. … In a statement, the company said it expects $2.67 billion to $2.77 billion in sales for the quarter ending June 28, compared with a previous estimate of $2.4 billion to $2.6 billion. Also, it raised its operating income forecast to between $830 million and $880 million, from $550 million to $650 million.”
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Source: BeaconEquity.com
Beacon Equity Research
Jeff Bishop, (469)-252-3505
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