Wall Street closed higher Tuesday, as several giant companies posted upbeat financial results and as reports suggested that Spain is mulling a request for a line of credit from the European Union. Builder confidence in this month edged higher to hit the sixth consecutive gain and the top reading in more than six years, according to the National Association of Home Builders/Wells Fargo housing market index.
Facebook Inc. (NASDAQ:FB) has reportedly entered into a partnership with Kaspersky Lab that will deal with malicious threats on the world’s biggest social network, as well as provide free security software to users. Under the agreement, Kaspersky will offer up-to-the-minute data about the most recent software threats to Facebook (FB), which will be used by the social network with an aim to protect its users from “inadvertently visiting malicious web pages”.
While trading at volume lower than average, the stock fell -0.20% yesterday. Its previous 52-week high was $45.00 and trading at a volume of 21.83 million. Shares have dropped -33.08% over the trailing 3 months. The stock is currently trading -4.55% below its SMA 50 and -21.96% below its SMA 200.
Vale SA (ADR) (NYSE:VALE) gained after declaring FY 2012 second installment dividend payment. Over the last 12 months, a return on equity of 19.27 percent was realized due to the financial situation and earnings per share reached a value of $3.07. Last fiscal year, $0.59 has been paid in form of dividends to investors. Earnings are projected to move up 12.70 percent for the coming five years. The stock closed at $18.77, up 0.40 points or 2.18% from previous close and at a distance of 2.58% from 20-day simple moving average.
Sirius XM Radio Inc (NASDAQ:SIRI) broke 52-week high yesterday after Morgan Stanley lifted its price target from $2.60 to $2.85. Shares of this company traded up 1.43% during trading yesterday, hitting $2.85. The stock has a 52 week low of $1.61 and a 52 week high of $2.85. The company has a market cap of $10.89 billion and a P/E ratio of 5.36. The P/S ratio is 4.60 and P/B ratio 2.73. The beta value is 2.12. SIRI’s RSI amounts to 69.43.
Arch Coal Inc (NYSE:ACI) has a market value of $1.65 billion. It employs 7,442 people, over the last 12 months has generated revenue of $4.53 billion and has a net income of -$354.51 million. The firm’s operating margin is -7.50 percent and net profit margin 7.81 percent. The latest closing price of its shares moved up 13.99% from the 50-day moving average.