Critical Stock Analysis: Pfizer, Barrick Gold Corporation, Micron Technology, Wells Fargo, Zynga PR Newswire NEW YORK, November 1, 2013 NEW YORK, November 1, 2013 /PRNewswire/ -- Market Buzz Report, an investment community, reports Critical Insider Catalysts For Pfizer Inc. (NYSE: PFE), Barrick Gold Corporation (NYSE: ABX ), Micron Technology, Inc. (NASDAQ: MU), Wells Fargo & Co(NYSE: WFC), Zynga Inc (NASDAQ: ZNGA). Pfizer Inc. (NYSE: PFE) came out with better-than-expected quarter three earnings due to cost cutting and increasing sales of cancer medicines which were approved in the last two years. The largest U.S. drugmaker's shares surged by1.7 percent with earnings of $2.59 billion vis-à-vis $3.21 billion in last year's quarter. Except for special charges of $572 million pertaining to asset writedown, restructurings and other costs, the company earned 58 cents per share whereas analysts had anticipated 56 cents per share. Is PFE Going To Hit New Highs Soon? Get Free Trend Analysis Here http://marketbuzzreport.com/index.php?code=PFE (Or Copy and paste the URL into your browser) Herman Saftlas, an analyst with S&P Capital increased the 12-month price target $35 stating the firm would be come out with data about trials in the next few months and there are some promising experimental drugs. The good part about the company's earnings report was about the oncology drugs, which surged by 24 percent to $407 million. Oncology is now one of the biggest priorities for Pfizer with introduction of Xalkori for lung cancer in 2011 and Inlyta for kidney cancer in 2012 as well as Bosulif in the current year for chronic myelogenous leukemia. The firm is hoping that these products become lucrative and is developing cancer medicines having better potential including experimental treatment for advanced breast cancer. Barrick Gold Corporation (NYSE: ABX ) has announced dividend of 5 cents per share for the quarter payable in December 16, 2013. Barrick wants to be the best gold company by having operations in a safe and responsible manner. Is ABX a Strong Buy After The Slump? Don't Miss This Special Analysts Here http://marketbuzzreport.com/index.php?code=ABX (Or Copy and paste the URL into your browser) The dividend declaration depends on Board of Directors and would depend on the firm's financial results, future prospects as well as cash requirements. Bernstein Research, Jefferies and TheStreet have raised ratings for semiconductor company Micron Technology, Inc.(NASDAQ:MU) whereas Wells Fargo has downgraded shares. The company shares have surged by 1.7% to $17.12. Bernstein Research analyst Mark Newman gave "outperform" rating and increased the price target to $24. Newman stated that recovering dynamic random-access memory (DRAM) production and the acquisition of Elpida are reasons for the positive outlook. Is MU The Best Pick In The Sector? Get Special Comparative Analysis Here http://marketbuzzreport.com/index.php?code=MU (Or Copy and paste the URL into your browser) Jeffries & Co analyst Sundeep Bajikar has given "buy" rating with price target of $30. Wells Fargo states that there has been a volatile past and there is high-risk future which makes it an unattractive asset. Wells Fargo & Co (NYSE: WFC)'s loan book is doing better than any other firm. It is even better vis-à-vis previous year thanks to factors such as tougher loan standards as well as higher house prices. What Factors Should Investors Consider Before Buying WFC? Find Out Here http://marketbuzzreport.com/index.php?code=WFC(Or Copy and paste the URL into your browser) The company came out with lowest quarterly loan loss rate in the last nine years. Lower losses made it possible to set aside funds for covering bad loans increasing profits by $600 million after taxes. The improvement can be attributed to the 2009 move for tightening underwriting standards for consumer loans such as stringent requirements for verification of prospective homeowners' income. CFO Tim Sloan confirmed that residential real estate loans have not had any losses. Another reason was that post-crisis loans made up a huge share of the firm's portfolio. About half of commercial loans as well as 45 percent of consumer loans by third quarter end were done after the financial crisis. The bank is not the only one to take advantage of the fact that consumers are paying their bills. Even Bank of America's total loss rate declined to 0.73 percent in quarter three. Wells Fargo chief risk officer Mike Loughlin had earlier stated that he expected loss rates to be about 1 percent through the credit cycle. Zynga Inc (NASDAQ: ZNGA) came out with first quarter results under Chief Executive Officer Don Mattrick which had less losses as purchase of items utilized in games was better than the forecast. The loss was 2 cents a share for the maker of "Farmville" whereas analysts had forecasted loss of 4 cents. On the other hand, its revenue plummeted to $202.6 million vis-à-vis $316.6 million a year ago. Has ZNGA Found The Turn Around Story and Ready to Hit New Highs? Get Free Trend Analysis Here http://marketbuzzreport.com/index.php?code=ZNGA(Or Copy and paste the URL into your browser) The firm cut 154 jobs during this quarter and lowered work with outside contractors for keeping expenses in check with shrinking revenue. Mattrick was named chief executive officer in July and confirmed that executive Clive Downie would be the chief operating officer from Nov. 4. Zynga's average monthly mobile users were 51 million by September end vis-à-vis 57 million three months earlier. 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Critical Stock Analysis: Pfizer, Barrick Gold Corporation, Micron Technology, Wells Fargo, Zynga
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