Uptrend to continue for MBIA Inc. (NYSE:MBI), SunPower Corporation (NASDAQ:SPWR)

Posted by Ryan Mandell May 6, 2013 0 Comment 2471 views


MBIA Inc. (NYSE:MBI) traded up 8.26% on last day of the week, and closed at $9.83. The stock traded in the band of $9.33 and $10.19 and the range for the 52-week is $6.78 and $13.700. The share’s 50-day moving average is currently $10.73 and currently the stock is 8.43% below its 50-days moving average reflecting a negative sentiment amongst the investors. The market capitalization of the company is $1.89 billion, and has a positive EPS of $6.33. The analysts are expecting a price of $16.33 for the share and are forecasting a negative growth of 84.75% in the EPS of the company over the coming year. The moving average 200 days is trading below the moving average of 50 days further reflecting a bullish sign for the stock. The RELATIVE STRENGTH INDEX of the stock is 46.38 reflecting a further space for downside before it enters into an oversold region and thereafter get a support at some key levels to then bounce back. In order to give a gain the stock needs to get above all the key short term averages.

Flagstar Bancorp Inc (NYSE:FBC) will pay $110 million to MBIA to settle a lawsuit. The lawsuit was filed against FBC alleging that the bank misrepresented the quality of loans underlying $1.1 billion in mortgage-backed securities.

SunPower Corporation (NASDAQ:SPWR) traded down 2.75% on last day of the week, and closed at $14.87. The stock traded in the band of $14.65 and $15.65 and the range for the 52-week is $3.71 and $15.65. The share’s 50-day moving average is currently $11.68 and currently the stock is 27.91% above its 50-days moving average reflecting a negative sentiment amongst the investors. The market capitalization of the company is $2.40 billion, and has a negative EPS of -$2.79. The analysts are expecting a price of $10.45 for the share and are forecasting a positive growth of 3.64% in the EPS of the company over the coming year. The moving average 200 days is trading below the moving average of 50 days further reflecting a bullish sign for the stock. The RELATIVE STRENGTH INDEX of the stock is 68.80 reflecting a further space for upside before it enters into an overbought region and thereafter get a resistance at some key levels to then fall back. The stock is trading above all the key short term averages.

The company reported a net loss of $54.7 million for the first quarter as compared to a loss of $74.5 million in the previous year. Sales were $635.4 million greater than the forecast of $450 million to $525 million. Jefferies analyst Scott Reynolds reiterated a “Hold” rating on the company’s stock raising the price target from $8.00 to $11.50.


About Ryan Mandell

Ryan Mandell is our senior staff writer covering the White House for Political Report, Ryan also coordinates with the main newsroom news items and contributing write-ups on cultural, social and political activities. Ryan holds an undergraduate degree in journalism, a Doctorate in international relations and a Master Degree in mass communications with an emphasis in print journalism. Ryan also covered the International Society of Social Defense congress in Spain in 2007 and taken part in the Global Forum on economic policies

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