Three Stocks To Keep A Eye On
Facebook Inc (NASDAQ:FB) Facebook continues to show quick movement in the stock market, largely due to loss of ‘novelty’ of the social media network for teenaged users. At the end of the day, the stock closed 3.08% lesser at $48.22. Though, Facebook has begun placing, what is called as ‘magazine-quality’ ads on its news feed on Instagram, the fall in prices has been distinct. Besides, it has had a satisfying Q3 in many ways, as Facebook App is the most used app in North America. User engagement statistics have revealed that users who used Facebook on a monthly basis had grown by only one million while the teen users, whose engagement is measured in Daily Average Use, dropped as well.
Facebook is one of top pickers for the active stock today.
J.C. Penney Company Inc (NYSE:JCP) continued disaster over the past six quarters has meant investors have grown pessimistic. But with festive season around the corner, the company showed a quick 2.70% rally, closing the day at $8.36. However, the company has continued to see the larger writing on the wall as, same-store sales have also dropped over the quarters. Losses too have been massive and coupled with poor sales revenues, the overall losses are a staggering $1 billion. None of its restructuring ventures such as – daily price, store-within – a-store have all failed miserably at the turnstiles.
Alcatel-Lucent SA (ADR) (NYSE:ALU) the Parisian, telecom equipment manufacturer is trending on new market fronts. It has since, the past few quarters been cash strapped and is now venturing on new fronts to raise funds. This includes $1.3 billion new shares, pricing each share at $2.84. This will be followed by sale of $750 million high-yield bonds. Additionally, it will also seek syndicated revolving credit facility of $675 million. However, the catch-point is this offer will be available only to shareholders already holding stocks with the company.