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Friday 17 April 2015
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Bearish Stocks To Watch List: Reynolds American, (NYSE:RAI), CIGNA (NYSE:CI), Standard Pacific (NYSE:SPF), Tesco (NASDAQ:TESO)

On Wednesday, Reynolds American, Inc. (NYSE:RAI)’s shares declined -2.02% to $74.09.

Reynolds American, Inc. (RAI) has declared the following: “RAI to host 1Q15 earnings conference call on April 17.”

RAI’s website, www.reynoldsamerican.com, is the primary source of publicly revealed news about RAI and its operating companies. We use the website as our primary means of distributing quarterly earnings and other company news. We encourage investors and others to register at www.reynoldsamerican.com to receive alerts when news about the company has been posted.

Reynolds American Inc., through its auxiliaries, manufactures and sells cigarettes and other tobacco products in the United States. It operates through RJR Tobacco, American Snuff, and Santa Fe segments.

CIGNA Corporation (NYSE:CI)’s shares dropped -2.02% to $130.22.

CIGNA Corporation (CI) declared that it will tackle the health equity challenges around the globe through its World of Difference grant program, and is seeking applications from nonprofits in the United States and around the world. The Cigna Foundation will work with dedicated nonprofit partners, and use the knowledge and expertise of Cigna’s professionals, to assist people overcome barriers to their health and well-being related to factors such as ethnicity, race, gender, age, education, economic status and place of residence.

Cigna Corporation, a health services organization, provides insurance and related products and services in the United States and internationally. The company’s Commercial segment offers insured and self-insured customers medical, dental, behavioral health, and vision, in addition to prescription drug benefit plans, health advocacy programs, and other products and services.

At the end of Wednesday’s trade, Standard Pacific Corp. (NYSE:SPF)‘s shares dipped -2.01% to $8.79.

Standard Pacific Corp. (SPF) will release its 2015 first quarter results after the market close of the NYSE on Thursday, April 30, 2015. In conjunction with the earnings release, the Company will host a conference call and broadcast a slide show and audio presentation over the internet on Friday, May 1, 2015, at 12:00 p.m. Eastern time.

Standard Pacific Corp. operates as a builder of single-family attached and detached homes in the United States. It constructs homes for various homebuyers primarily move-up buyers in metropolitan markets in California, Florida, the Carolinas, Texas, Arizona, and Colorado.

Tesco Corporation (USA) (NASDAQ:TESO), ended its Wednesday’s trading session with -1.94% loss, and closed at $11.65.

As revealed in the Tesco Corporation (USA) (TESO)’s Annual Report on Form 10-K for the year ended December 31, 2014 , certain preceding-period financial information has been revised to properly reflect out-of-period adjustments found during the year-end close and audit process. All preceding-period financial information in this news release has been revised. The revisions to preceding years did not reach the materiality threshold to require restatements.

As a result of the financial control assessment around the out-of-period adjustments requiring this revision, the Company has determined it has a material weakness in its financial controls over certain processes influenced by foreign exchange revaluation. While the Company believes it has developed improved controls to remediate this control weakness, the Company will have to test the effectiveness of the improved controls over several quarters to validate the remediation.

Tesco Corporation engages in the design, assembly, and service delivery of technology-based solutions for the upstream energy industry worldwide. It operates through Top Drive and Tubular Services segments.

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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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