Harris Roen is a financial writer with a passion for understanding the economic activity of our interconnected world. His previous experience of over 15 years as a professional portfolio manager helps him ground-truth the hype through independent research and analysis, providing valuable... More
Autodesk posted a lackluster earnings report. Revenues remained flat, and net income was down sharply from previous quarters. Despite this, EPS came in about 8% higher than analyst estimates, and the stock price jumped 3% the day earnings were released.
Roper plans to offer a total of $900 million in 5 year and 10 year notes later this month. This will allow financial restructuring, which is getting a positive reaction by analysts, as evidenced by the upgraded buy recommendation from Citi. Roper's stock is up today on the news, and has gained 32% for the year.
Beleaguered Chinese photovoltaic company Suntech Power announced it is cutting production and laying off 50 workers at its Arizona solar plant. It's stock price is trading near its annual lows, down almost 20% for the week on high volume.
Individuals involved with the Roen Financial Report and Swiftwood Press LLC do not own or control shares of any companies mentioned in this article.
It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities mentioned in this article. Any advice and/or recommendations made in this article are of a general nature and are not to be considered specific investment advice. Individuals should seek advice from their investment professional before making any important financial decisions.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
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Stock Alerts For ADSK, ROP, STP 0 comments
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IMPORTANT INFORMATION
Individuals involved with the Roen Financial Report and Swiftwood Press LLC do not own or control shares of any companies mentioned in this article.
It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities mentioned in this article. Any advice and/or recommendations made in this article are of a general nature and are not to be considered specific investment advice. Individuals should seek advice from their investment professional before making any important financial decisions.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.
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