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Sunday 9 August 2015
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Pre- Market News Review: Duke Energy (NYSE:DUK), Lennar (NYSE:LEN), Amicus Therapeutics, (NASDAQ:FOLD), Coeur Mining (NYSE:CDE)

On Monday, Duke Energy Corp (NYSE:DUK)’s shares declined -0.03% to $74.35.

Duke Energy Florida owns coal-fired and natural gas generation providing about 9,000 megawatts of owned electric capacity to about 1.7 million customers in a 13,000-square-mile service area.

With its Florida regional headquarters located in St. Petersburg, Fla., Duke Energy is the largest electric power holding company in the United States with about $120 billion in total assets.

A sweltering hot Florida summer can cause your electric bill to jump as your air conditioning battles high humidity and temperatures comprising north of 90 degrees. But, you can survive the heat and your summer energy bills by following these simple tips from Duke Energy Florida.

Try these money-saving tips to assist reduce your electric use and save as the temperature rises:

  • Set your thermostat to the highest comfortable setting. Energy used to cool a home during summer can account for half of a monthly electric bill. Adjusting your thermostat to 76 degrees from 73 degrees saves more than 15 percent in electricity costs. When leaving for the day, turn the setting up a few degrees.
  • Keep the AC fan switch set to “auto” and save up to $25 a month as compared to leaving it set to “on” continuously as many people do.
  • Change your air filters regularly. A dirty air filter can make a cooling system work harder, which uses more energy.
  • Close blinds, drapes and shades during the hottest part of the day to keep the sun’s rays from heating the inside of your home.
  • Turn off unnecessary lights, and use energy-efficient light bulbs that use less electricity and emit less heat.

Duke Energy Corporation, together with its auxiliaries, operates as an energy company in the United States and Latin America. It operates through three segments: Regulated Utilities, International Energy, and Commercial Power. The Regulated Utilities segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, Ohio, Kentucky, and Indiana; and transports and sells natural gas in southwestern Ohio and northern Kentucky.

Lennar Corporation (NYSE:LEN)’s shares gained 0.21% to $53.41.

Lennar Corporation (LEN) has pulled back in the last week, but traders apparently believe that any further losses will be limited.

optionMONSTER’s tracking systems identified the sale of 2,300 July 43 puts in one print for the bid price of $0.60 this morning. This is clearly a new position, as open interest in the strike was a mere 10 contracts before the trade occurred.

The put seller collects the $0.60 premium and is looking for TICKER to stay above $43 through expiration in mid-July. If the stock falls below that strike price, the trader will be on the hook to buy shares at that level.

LEN is down 0.63 percent to $47.10 recently. The homebuilder rallied above $50 about a week ago with strong housing starts but hit resistance at its 50-day moving average and has been falling since.

Recently put selling makes up more than 80 percent of the option volume in Lennar, which already matches its full-session average for the last month.

Lennar Corporation, together with its auxiliaries, engages in the homebuilding activities in the United States. The company operates through Homebuilding East, Homebuilding Central, Homebuilding West, Homebuilding Southeast Florida, Homebuilding Houston, Financial Services, Rialto, and Lennar Multifamily segments.

At the end of Monday’s trade, Amicus Therapeutics, Inc. (NASDAQ:FOLD)‘s shares surged 1.52% to $14.70.

Amicus Therapeutics, Inc. (FOLD) has been added to the U.S. broad-market Russell 3000(R) and small-cap Russell 2000(R) Indexes. The Company joined the indexes at the close of market on Friday, June 26, 2015, when Russell Investments reconstituted its U.S. and global equity indexes.

Annual reconstitution of Russell’s U.S. indexes captures and ranks the 4,000 largest U.S. stocks as of the end of May by total market capitalization. The Russell 3000 Index measures the performance of the largest 3,000 U.S. companies representing about 98% of the investable U.S. equity market. Membership in the Russell 3000, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000(R) Index or small-cap Russell 2000 Index in addition to the appropriate growth and value style indexes. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes.

Amicus Therapeutics, Inc., a biopharmaceutical company, focuses on the discovery, development, and commercialization of medicines for various rare and orphan diseases. Its product candidate is a small molecule that can be used as a monotherapy and in combination with enzyme replacement therapy (ERT) for Fabry disease. The company’s development programs comprise next-generation ERTs for lysosomal storage disorders (LSDs), such as Fabry disease, Pompe disease, and Mucopolysaccharidosis Type I. It also develops pharmacological chaperone migalastat HCl as a monotherapy that has accomplished two Phase III global registration studies for Fabry disease; ATB200, a recombinant human acid-alpha glucosidase that is in late preclinical development for Pompe disease; and AT3375 for the treatment of Parkinson’s disease.

Coeur Mining Inc (NYSE:CDE), ended its Monday’s trading session with 7.77% gain, and closed at $5.27.

Coeur Mining, Inc. (CDE) declared proven and probable reserves at the recently-attained Wharf gold mine in South Dakota of about 781,000 gold ounces. This represents a 39% enhance from the last stated reserve estimate at Wharf by Goldcorp from year-end 2013 of 560,000 ounces. The addition of these new reserves at Wharf results in a 35% enhance in Coeur’s total gold reserves to 3.0 million ounces.

In addition to these reserves, Wharf contains 165,000 gold ounces of measured and indicated resources, an enhance of 13% to Coeur’s total measured and indicated gold resource and 27% higher than the last stated resource estimates by Goldcorp at year-end 2013.

Coeur Mining, Inc., through its auxiliaries, engages in the ownership, operation, exploration, and development of silver and gold mining properties primarily in the United States, Mexico, Bolivia, Argentina, Australia, Ecuador, Chile, and New Zealand. Its principal properties comprise the Palmarejo silver and gold mine in Mexico; San Bartolomé silver mine in Bolivia; Kensington gold mine located in Alaska; the Rochester silver and gold mine in Nevada; and the Endeavor mine, an underground zinc, lead, and silver mine in Australia. The company also owns the La Preciosa and Joaquin silver and gold exploration projects in Mexico and Argentina; and other precious metal royalties.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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