On Friday, Shares of D.R. Horton, Inc. (NYSE:DHI), gained 0.51% to $29.73.
Vetr upgraded shares of D.R. Horton (NYSE:DHI) from a buy rating to a strong-buy rating in a report released on Tuesday morning, Analyst Ratings Net reports. The brokerage presently has $32.57 price objective on the stock.
D.R. Horton, Inc. operates as a homebuilding company. It is engaged in the acquisition and development of land; and construction and sale of residential homes in 27 states and 79 markets in the United States under the names of D.R. Horton, America’s Builder, Express Homes, Emerald Homes, Breland Homes, Regent Homes, and Crown Communities.
Shares of Broadcom Corporation (NASDAQ:BRCM), inclined 0.37% to $ 51.20, during its last trading session.
Broadcom Corporation, declared two new connectivity chips in its automotive portfolio. Broadcom’s automotive-grade wireless chips, featuring the latest in 5G WiFi and Bluetooth Smart technology, enable car makers and tier one integrators to keep pace with the speed and growth of consumer electronics and Internet of Things (IoT) industry. The new solutions deliver high-speed connectivity within and beyond the vehicle, providing Internet, cloud applications and entertainment content via telematics or hot spot connections.
Broadcom now offers the industry’s first 5G WiFi/Bluetooth Smart 2X2 MIMO combo chip with Real Simultaneous Dual Band (RSDB) support in addition to a stand-alone tri-mode Bluetooth Smart (version 4.2) system-on-a-chip (SoC). Optimized to meet the rigorous standards of the automotive industry, all products have been tested to AECQ100 automotive environmental stress requirements, are manufactured in TS16949 certified facilities and offer full production part approval process (PPAP) support.
“Broadcom’s new automotive-grade chips enable car makers and tier one suppliers to keep pace with the rapidly evolving mobile and IoT ecosystem by providing immediate access to the latest in wireless connectivity technologies,” said Richard Barrett, Broadcom Director of Automotive Wireless Connectivity. “By tailoring our products to meet the stringent quality and environmental demands of the automotive industry, we can significantly expand our footprint and stay ahead of the competition in this fast-growing market.”
Broadcom Corporation provides semiconductor solutions for wired and wireless communications. Its products offer voice, video, data, and multimedia connectivity in the home, office, and mobile environments. The company operates in two segments: Broadband and Connectivity, and Infrastructure and Networking.
At the end of Friday’s trade, Shares of Magnum Hunter Resources Corp (NYSE:MHR), gained 33.12% to $0.490.
Magnum Hunter Resources Corporation, declared that the Board of Directors has designated Chris Hewitt as Vice President - Finance and Capital Markets effective September 15, 2015. Mr. Hewitt, age 45, will report directly to Gary C. Evans, Chairman and Chief Executive Officer of Magnum Hunter.
Mr. Hewitt brings more than 14 years of investment banking experience, counting 12 years providing equity and debt capital markets and mergers and acquisition advisory services for large independent oil and gas exploration and production companies. Mr. Hewitt has extensive experience in executing capital market transactions, counting initial public and follow-on equity offerings in addition to investment grade and high yield debt offerings. Preceding to his appointment at Magnum Hunter, Mr. Hewitt served as Director of energy investment banking at Wells Fargo Securities since 2010. During his 9 year tenure at Wells Fargo Securities (formerly Wachovia Capital Markets) he also served as Vice President of energy investment banking. Preceding to joining Wells Fargo / Wachovia, Mr. Hewitt served in various investment banking roles at both Lehman Brothers and Bear Stearns & Company. Mr. Hewitt earned a Bachelor of Arts degree in International Relations from the University of Notre Dame. In addition, Mr. Hewitt holds a Juris Doctorate from the University of Texas School of Law and a Masters of Business Administration from the Fuqua School of Business at Duke University.
Magnum Hunter Resources Corporation, an independent oil and gas company, explores for, exploits, acquires, develops, and produces crude oil, natural gas, and natural gas liquid resources in the United States.
Finally, Deere & Company (NYSE:DE), ended its last trade with 0.93% gain, and closed at $73.57.
Deere & Company, declared the company has reached a tentative agreement with the UAW to replace the six-year master labor contract that expired September 30th at midnight.
The tentative agreement is for six years and will now be presented to members for a ratification vote. Other terms of the agreement will not be made public.
The UAW represents about 10,000 Deere manufacturing employees at 12 factories in Iowa, Illinois and Kansas. The master agreement covers manufacturing employees at John Deere facilities in Davenport, Ankeny, Dubuque, Ottumwa and Waterloo, Iowa; East Moline, Moline and Milan, Illinois; and Coffeyville, Kansas.
Deere & Company, together with its auxiliaries, manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide. The company’s Agriculture and Turf segment provides agriculture and turf equipment, and related service parts, counting large, medium, and utility tractors; loaders; combines, corn pickers, cotton and sugarcane harvesters, and related front-end equipment and sugarcane loaders; and tillage, seeding, and application equipment, counting sprayers, nutrient administration, and soil preparation machinery.
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