Cyprus-Debt Concerns Ease and Market Rebounds with Help from Strong Corporate Earnings. Nike Shares Soar to a Record

Cyprus-Debt Concerns Ease and Market Rebounds with Help from Strong Corporate
                    Earnings. Nike Shares Soar to a Record

  PR Newswire

  NEW YORK, March 25, 2013

NEW YORK, March 25, 2013 /PRNewswire/ --

The market rebounded on Friday after disappointing sales announced by Oracle
made many stocks drop on Thursday. Worries over the Cyprus debt crisis
lightened which helped push the market higher in the last hour of trading. The
boost on Friday was also influenced by strong earnings from major corporations
including Nike and Tiffany who beat predictions. Shares of Nike Inc. rose to
an all-time high of $60.25, after the Company announced late Thursday that
third-quarter net income climbed 55%. The Company also revealed that their
gross margin improved for the first time in 10 quarters.

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Micron Technology Inc. (Nasdaq: MU) - Shares of MU hit a new 52-week high of
$10.27 on Friday and was one of the most active stocks on the Nasdaq
composite. The stock traded over 98 million shares in comparison to an
average of about 28 million shares. The Company reported second quarter fiscal
2013 loss per share of 28 cents, wider than the Zacks Consensus Estimate of 20
cents loss per share. However, an upbeat view for the overall DRAM and NAND
markets helped the stock move north on Friday. Micron's price target was also
raised to $14 from $8 at Credit Suisse and the Company is poised to get a $400
million discount on the acquisition of Japanese rival Elpida Memory Inc.,
after a 16 percent slump in the yen against the U.S. dollar. Micron
Technology, Inc., together with its subsidiaries, engages in the manufacture
and marketing of semiconductor devices worldwide. The stock closed up 10.80%
on Friday at $10.05.

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Pepsico, Inc. (NYSE: PEP) - Pepsico hit a new 52-Week high of $79.27 on Friday
after speculation arose that Pepsico and Mondelez International may pursue a
merger. Mondelez sells brands such as Cadbury, Nabisco and Oreo. Investor
Nelson Peltz may pursue a merger of the two companies. Peltz through his
investment vehicle, Trian Fund Management, has built positions worth about $2
billion in PepsiCo and Mondelez. Trading volume for PEP more than doubled on
Friday with more than 12 million shares traded. The stock closed up at $78.67,
up 3.31%.

Anacor Pharmaceuticals, Inc. (Nasdaq: ANAC) - Anacor Pharmaceuticals was one
of the most active stocks trading on the Nasdaq composite on Friday. The stock
closed up 25.62%, at $6.08. In intra-day trading, shares went as high as
$7.00, just 18 cents shy of the stock's 52-week high. Wedbush raised its price
target for Anacor to $20 from $10. On Thursday the Company reported strong
data from a clinical trial of a drug intended to treat a type of chronic rash.
Anacor is testing a topical drug called AN2728 as a treatment for atopic
dermatitis, a chronic rash that causes inflammation and itching. The stock has
almost doubled in price this week moving from $3.61 to $7.00.

Penny stocks can deliver sky-rocketing returns and are a popular choice among
many investors in the market because of how much lower they trade than big cap

MARIN SOTFWARE INCORPORATED (NYSE: MRIN) - Marin Software Incorporated made
their market debut on Friday. Shares of MRIN opened at $19 per share on the
NYSE Friday morning and were trading at $17.75. The Company traded 10,487,806
shares on its first day. The Company is a provider of a leading digital ad
management platform for advertisers and agencies. Marin provides a leading
revenue acquisition management platform used by advertisers and agencies to
manage more than $4.7 billion in annualized ad spend.

TIBCO Software Inc. (Nasdaq: TIBX) - TIBCO Software was one of the biggest
decliners on the Nasdaq composite on Friday. Shares hit as low as $19.15 in
intra-day trading but popped back to close at $20.99. The Company reported
late Thursday Q1 revenue that missed views. The company said it inked 12 sales
of more than $1 million in the quarter, but that's down 40% from 20 such deals
in the year-earlier period. For the current quarter, Tibco expects EPS ex
items of 17 cents to 19 cents, trailing largely behind the 26 cents analysts
had been modeling. The stock traded more than 24 million shares on Friday and
closed down 9.41%.

Penny stocks due to their tiny share prices, allow online investors to buy
large numbers of shares which means they own a bigger quantity of the stock.

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