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Saturday 26 September 2015
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Latest Update

Traders Recap on Worth Watching Stocks: Agnico Eagle Mines Ltd (USA) (NYSE:AEM), Broadcom Corporation (NASDAQ:BRCM), Enterprise Products Partners L.P. (NYSE:EPD), Cal-Maine Foods Inc (NASDAQ:CALM)

On Wednesday, Agnico Eagle Mines Ltd (USA) (NYSE:AEM)’s shares inclined 0.39% to $23.12.

Agnico Eagle Mines Limited (AEM) is happy to provide an update on exploration drilling results at its El Barqueno gold project in Jalisco State, west-central Mexico , and an update on exploration activities at the Creston Mascota deposit at Pinos Altos (“Creston Mascota”) and the La India mine in northern Mexico .

The Company last stated drill results from El Barqueno in its news release dated June 9, 2015. This news release summarizes the results of the exploration and technical studies at the project to the end of August 2015 .

Highlights:

  • El Barqueno prospects continue to expand
    • Azteca-Zapoteca prospect extended to 300 metres depth - In the northeast portion of the deposit, hole BRQ15-174 yielded 8.04 grams per tonne (g/t) gold (uncapped) over 5.0 metres at 227 metres depth. In the southwest portion, hole BRQ15-226 intersected four lenses between 173 and 303 metres depth counting 2.25 g/t gold (uncapped) over 3.6 metres at 303 metres below surface.

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties. It primarily explores for gold, in addition to for silver, copper, zinc, and lead.

Broadcom Corporation (NASDAQ:BRCM)’s shares dropped -0.08% to $52.08.

Broadcom Corporation (BRCM), a global innovation leader in semiconductor solutions for wired and wireless communications, 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. For more news, visit Broadcom’s Newsroom.

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.

At the heart of the connected car are the semiconductor chips that make connectivity possible. As the development cycle quickens, analysts predict that the number of chips used in vehicles will rise at a dramatic pace. According to recent analyst data from Strategy Analytics, there could be nearly 1,000 chips per vehicle by 2020.

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.

At the end of Wednesday’s trade, Enterprise Products Partners L.P. (NYSE:EPD)‘s shares dipped -3.76% to $25.57.

Enterprise Products Partners L.P. (EPD) declared that its operating partner, Enterprise Products Operating LLC (“EPO”), raised its bank credit facilities by $500 million to provide the company with up to $5.5 billion of aggregate borrowing capacity. The facilities comprise of an amended $4.0 billion multi-year revolving credit agreement that matures in September 2020 and a new $1.5 billion 364-day revolving credit agreement, both of which are unconditionally guaranteed by Enterprise on an unsecured and unsubordinated basis. As of recently, aggregate accessible borrowing capacity under the raised bank credit facilities is about $4.7 billion.

Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Our services comprise: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and import and export terminals; crude oil gathering, transportation, storage and terminals; petrochemical and refined products transportation, storage and terminals; petrochemical transportation and services; and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems and in the Gulf of Mexico. The partnership’s assets comprise about 49,000 miles of pipelines; 225 million barrels of storage capacity for NGLs, petrochemicals, refined products and crude oil; and 14 billion cubic feet of natural gas storage capacity.

Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products in the United States and internationally. Its NGL Pipelines & Services segment provides natural gas processing and related NGL marketing services, in addition to import and export terminal services.

Cal-Maine Foods Inc (NASDAQ:CALM), ended its Wednesday’s trading session with 2.17% gain, and closed at $57.90.

Cal-Maine Foods, Inc. (CALM) declared that the Company will release its first quarter fiscal 2016 financial results on Monday, September 28, 2015. A press release will be issued proceeding to the open of market trading.

Cal-Maine Foods, Inc. produces, grades, packages, markets, and distributes shell eggs. It offers specialty shell eggs, such as nutritionally improved, cage free, organic, and brown eggs under the Egg-Land’s Best, Land O’ Lake, Farmhouse, and 4-Grain brand names, in addition to under private labels.

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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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