Home > Investing > Stocks in the News for 03/28/2011

Stocks in the News for 03/28/2011

March 28, 2011

NOKNokia and Alcatel-Lucent were both upgraded to “buy” at Goldman Sachs, which said NOK may achieve big cost savings. The analyst also said ALU’s business mix is finally improving. NOK climbs 4 percent in the pre, and ALU is up 6 percent.

Cal-Maine Beats Estimates

The food company reported fiscal third-quarter profit of $1.27, beating the $1.03 consensus estimate. Revenue at the egg producer, however, missed forecasts. CALM rose 7.5 percent before the bell.

Agency Revives Kodak Patent Claim

The U.S. International Trade Commission said late Friday that it will review Eastman Kodak’s claim that Apple and Research in Motion have violated one of its patents. A decision is expected by May 23, and more than $1 billion of royalties is potentially at stake. EK rose 16 percent before the bell.

Brookfield Homes Pops on Consolidation

Shareholders on Friday approved a merger of the home builder with various other Brookfield companies to create a new entity that will act as a real-estate investment trust. The new combined company will be named Brookfield Residential Properties and trade under the sumbold “BRP.” Shares of BHS are up more than 6 percent in the pre-market.

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