Are These Rising Stocks Worthy Of An Investment? Newcastle Investment Corp.(NYSE:NCT), SeaWorld Entertainment Inc(NYSE:SEAS), and American Apparel Inc(NYSEMKT:APP)
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Newcastle Investment Corp.(NYSE:NCT) saw its value increase by 3.32% during yesterday’s trading as the stock rose forty-four cents to finish the day at a closing price of $13.70. The stock notably traded for as much as $13.72 during the day, a new 52 week high for the New York-based real estate investment trust. As a whole, the housing and mortgage industries have seen their values rise substantially over the past few days in response to record-low mortgage rates. Newcastle also announced Aug. 18th that it had completed its sale of 40,000,000 shares of common stock.
SeaWorld Entertainment Inc(NYSE:SEAS) lost nineteen cents to finish the day at a closing price of $18.71. However, the stock gained an additional twenty cents during after-hours trading to move to a value of $18.91. The Florida-based theme park and entertainment company, which has a market capitalization of $1.7 billion, has received quite a bit of public backlash for the treatment of killer whales at its amusement parks. However, the company plans to improve the conditions of its killer whale habitats.
American Apparel Inc(NYSEMKT:APP) gained eight cents during yesterday’s trading to move to a closing price of $1.02. On Aug. 18th, American Apparel reported a $16.2 million net loss during the second quarter. The loss represents a substantial decrease from its recorded figure of $37.5 million for the same period during the 2013 fiscal year. Dov Charney attests the figures speak to his strong performance as CEO before he was relieved of his duties twelve days prior to the end of the quarter.
I have a confession to make – I am not always right. Sometimes, unfortunately, I will send alerts that experience losses.
I have alerted companies that rallied 100% or even 6,000% (not even joking) in under a week. Likewise, I have alerted companies that tanked 10, 20, sometimes even as much as 30 or 40%. However overall it is about the net result that delivers profits into your portfolio.
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