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Wednesday 24 June 2015
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Pre-Market Stocks Recap: Accenture (NYSE:ACN), Electronic Arts (NASDAQ:EA), Mosaic Co (NYSE:MOS), MeadWestvaco (NYSE:MWV)

On Monday, Accenture Plc (NYSE:ACN)’s shares inclined 1.62% to $98.59.

Accenture Plc (ACN) has been named a Leader in Business Process Outsourcing (BPO) for the mortgage industry in Everest Group’s recent report: Mortgage BPO – Service Provider Landscape with PEAK Matrix Assessment 2015. Accenture is ranked the overall leader in the report, which assessed 14 mortgage BPO service providers based on two key dimensions: market success and delivery capability (scale, scope, technology solutions and innovation, and delivery footprint). Accenture received the highest overall positioning in both dimensions.

The report emphasized the increasing importance of BPO in assisting lenders achieve success in the mortgage marketplace as loan-origination costs continue to rise, customer satisfaction continues to fall and competition intensifies, with newer participants entering the space. At the same time, there is growing demand for service providers to deliver technologies, counting digital and mobility solutions, designed to bring innovation to sales and operations.

Accenture plc provides administration consulting, technology, and business process outsourcing services worldwide. The company’s Communications, Media & Technology segment offers enterprise and industry-customized services in network engineering and integration, field force enablement, and IP network migration; provides online customer and enterprise relationship administration services; and assists customers in developing video-over-IP platforms, and transforming legacy broadcast platforms to digital. This segment also offers services in the areas of strategy, enterprise resource administration, customer relationship administration, integrated mobility, embedded software, product lifecycle administration, sales transformation, digital marketing, supply chain administration, and merger/acquisition integration. In addition, this segment provides digital services to manage, access, distribute, sell, and protect content. Its Financial Services segment offers services to assist clients enhance cost efficiency, grow their customer base, manage risks, and transform their operations.

Electronic Arts Inc. (NASDAQ:EA)’s shares gained 1.02% to $66.62.

Electronic Arts Inc. (EA)’s shares have been on an uptrend since the Electronic Entertainment Expo (E3) 2015, which indicates that it was one of the major stocks in the video game business to benefit from the show.

At E3, Electronic Arts had a power packed show where it presented several of its most anticipated titles. The company showcased forthcoming games like Star Wars Battlefront, Star Wars: The Old Republic, Plants Vs Zombies and Mirror’s Edge Catalyst. It also presented its famous racing title — Need For Speed. In addition, gamers also got to check out other forthcoming tiles like New Mass Effect, FIFA 16, Rory McIlroy PGA Tour, NHL 16, NBA Live 16 andMadden NFL 16.

Further the company declared a digital expansion of Star Wars called The Old Republic Knights of the Fallen Empire that will be accessible for download from Oct 27, 2015. The digital expansion will offer a dynamic story that players can shape based on the options accessible. Knights of the Fallen Empire will start with nine chapters and new chapters will be released thereafter. In addition, the expansion will be accessible for free to all subscribers of Star Wars: The Old Republic. We believe Electronic Arts’ impressive show at the E3 platform and its solid lineup boosted investors’ confidence.

Electronic Arts Inc. develops, markets, publishes, and distributes game software content and online services for video game consoles, Internet-connected consoles, personal computers, mobile phones, and tablets worldwide. The company operates through EA Studios, EA Mobile, and Maxis divisions. It develops and publishes digital interactive entertainment games primarily under the The Sims, Madden NFL, EA SPORTS FIFA, Battlefield, FIFA Soccer, Need for Speed, Dragon Age, and Plants vs. Zombies brand names.

At the end of Mondays trade, Mosaic Co (NYSE:MOS)‘s shares surged 0.33% to $44.99.

Mosaic Co (MOS) formerly Hybrid Paytech World Inc. (HPT), a technology leader in the digital incentives, couponing and payment space, declared that on June 5th, 2015, the Autorité des Marchés Financiers (the “AMF”) issued a partial revocation of the cease trade order issued on May 19 th, 2015 solely to permit the closing of a financing. The cease trade order was issued because Mobi724 was unable to file its annual financial statements, MD&A and related CEO and CFO certificates for its fiscal year ended December 31, 2014 (the “Year End Filings”) by the filing deadline of April 30, 2015 as prescribed by National Instrument 51-102 – Continuous Disclosure Obligations (“NI 51-102). The partial revocation of the cease trade order will allow Mobi724 to complete a private placement to issue a maximum of 36 363 637 common shares at a price of $ 0.0825 for the aggregate amount of $3,000,000 . The subscribers shall also be issued one common share purchase warrant for every common share issued on the first $2,000,000 at an exercise price of $0.0825 exercisable between November 15, 2015 and March 31 st 2016 after which they shall expire. The distribution will only take place in Quebec .

The funds raised shall permit Mobi724 to prepare and finalize Year End Filings, to prepare its interim financial statements, interim MD&A and related CEO and CFO certificates for the interim period ended March 31, 2015 (the “Interim Filings”), to file a full revocation order within 60 days from the closing of the private placement, to satisfy ongoing debt obligations, to pay past due payroll expenses and to satisfy minimum overhead expenses to sustain ongoing operations.

The Mosaic Company produces and markets concentrated phosphate and potash crop nutrients for the agricultural industry worldwide. It operates through two segments, Phosphates and Potash.

MeadWestvaco Corp. (NYSE:MWV), ended its Monday’s trading session with -0.80% loss, and closed at $49.61.

MeadWestvaco Corp. (MWV) declared that it will host a conference call to talk about third quarter fiscal 2015 results and other topics on Thursday, July 30, 2015, at 9 a.m. EDT. WestRock will release its third quarter fiscal 2015 results after the market closes on Wednesday, July 29, 2015.

MeadWestvaco Corporation provides packaging solutions to the healthcare, beauty and personal care, food, beverage, home and garden, tobacco, and agricultural industries worldwide. The company’s Food & Beverage segment offers packaging materials and paperboards, and beverage packaging machinery, in addition to engages in the carton design and converting operations. It serves the food, food service, beverage, dairy, and tobacco end markets. Its Home, Health & Beauty segment designs and produces pumps, flip-top and applicator closures, plastic packaging material, trigger sprayers, aerosol actuators, hose-end sprayers, and spouted and applicator closures for the personal care, fragrance, home care, lawn and garden, prescription drug, and healthcare end markets.

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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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