NEW YORK, NY / ACCESSWIRE / May 27, 2016 / Attorney Advertising–Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against of Gerdau S.A. (“Gerdau” or the “Company”) (NYSE: GGB) and certain of its officers. The class action, filed in United States District Court, Southern District of New York, is on behalf of a class consisting of all persons or entities who purchased or otherwise acquired Gerdau securities as American depositary receipts (“ADRs”) between June 2, 2011 and May 15, 2016, inclusive (the “Class Period”).

Gerdau produces and commercializes steel products worldwide. The Company operates through Brazil Business Operation, North America Business Operation, South America Business Operation, and Special Steel Business Operation segments.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company was engaged in a bribery scheme in collusion with Brazil’s Board of Tax Appeals (“CARF”); (ii) Gerdau had defrauded Brazilian tax authorities of roughly $429 million in taxes; (iii) Gerdau’s Chief Executive Officer (“CEO”), Defendant André Bier Gerdau Johannpeter (“Johannpeter”) and other directors and employees of the Company had engaged in bribery, money laundering, and influence peddling; and (iv) as a result of the foregoing, Defendants’ statements about Gerdau’s business, operations, and prospects were false and misleading and/or lacked a reasonable basis.

On or about March 26, 2015, Brazilian authorities announced that a Federal Police investigation, dubbed Operation Zelotes, had uncovered a multibillion-dollar tax fraud scheme at the Ministry of Finance (“Finance Ministry”), reporting that as many as 70 companies had bribed members of the CARF, a body within the Finance Ministry that hears appeals on tax disputes, to obtain favorable rulings that recused or waived the amounts that the companies owed. On or around March 29, 2015, it was reported that Gerdau was among the companies under investigation.

On December 4, 2015, the Brazilian publication Jornal do Comércio reported that a report by a committee of the National Congress of Brazil had named Gerdau, along with other companies, as a beneficiary of a tax evasion scheme.

On this news, Gerdau’s ADR price fell $0.11, or 6.96%, to close at $1.47 on December 4, 2015.

On or around February 25, 2016, post-market, Brazilian police raided Gerdau offices in connection with Operation Zelotes, as police carried out some 20 court orders for testimony and 18 search warrants in Recife, Porto Alegre, Rio de Janeiro, Sao Pãulo, and Brasília. Gerdau’s CEO, Defendant Johannpeter, was among the individuals ordered to testify by day’s end. In an e-mailed statement, Gerdau stated that the Company had never authorized the use of its name in illegal negotiations and that the Company abided by rigorous ethical standards.

On this news, Gerdau’s ADR price fell $0.03, or 3.16%, to close at $0.92 on February 25, 2016.

On February 29, 2016, Gerdau announced that it would delay the release of its fourth-quarter financial results as the Company “analyze[d] the case records involving Gerdau in the recent phase of [the] Zelotes Operation.”

On May 16, 2016, various news outlets reported that Brazil’s federal police had accused Gerdau of evading $429 million in taxes and indicted a total of 19 Gerdau personnel, including Defendant Johannpeter and some of the Company’s executives, directors and lawyers, on corruption-related charges including bribery, money laundering, and influence peddling.

On this news, Gerdau’s ADR price fell $0.13, or over 7%, to close at $1.72 on May 16, 2016.

No Class has yet been certified in the above action. If you wish to review a copy of the Complaint you may contact Peretz Bronstein, Esq. or his Investor Relations Coordinator, Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email info@bgandg.com. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. If you suffered a loss in Gerdau you have until July 25, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman
212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC

ReleaseID: 440480

NEW YORK, NY / ACCESSWIRE / May 27, 2016 / The following statement is being issued by Levi & Korsinsky, LLP:

To: All Persons or Entities who purchased FEI Company (NASDAQ: FEIC) stock prior to May 27, 2016.

You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of FEI Company to Thermo Fisher Scientific Inc. (NYSE: TMO) for $107.50 per share. The transaction has a total approximate value of $4.2 billion. To learn more about the action and your rights, go to: http://zlk.9nl.com/fei-company-feic or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut, California, and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street – 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com

SOURCE: Levi & Korsinsky, LLP

ReleaseID: 440481

LONDON, UK / ACCESSWIRE / May 27, 2016 / ActiveWallSt.com announces the list of stocks featured in the Technical Morning Blog. Every morning the Active Wall St. team discusses the latest news and technical events impacting stocks and the financial markets. Companies recently featured in the blog include Entergy, OGE Energy, Black Hills, and Korea Electric Power. 

Today, ActiveWallSt.com is promoting its technical alert briefings. Get all of our alerts free by signing up to http://www.activewallst.com/register/.

A slowdown is expected for Electric Utilities industry this year through 2020, but Electric Utilities for many investors remain a stable investment option. Let us see how this is affecting some of the big players within this space. Trade alerts on these stocks are available for free by clicking on the link below:

http://www.activewallst.com/register/

ActiveWallSt.com takes a brief technical look at how each of the aforementioned companies has performed over the last few trading sessions.

Entergy Corp. (NYSE: ETR)

At the close on Thursday, shares in Entergy Corp., which operates in two segments – Utility and Entergy Wholesale Commodities, climbed 1.53%, ending the day at $75.58. The stock recorded a trading volume of 817,047 shares. The Company’s shares have advanced 2.30% in the last one month, 6.54% over the previous three months, and 13.15% since the start of this year. The stock is trading above its 200-day moving average by 9.98%. Moreover, shares of Entergy have a Relative Strength Index (RSI) of 51.19.

OGE Energy Corp. (NYSE: OGE)

Shares in Oklahoma City headquartered energy and energy services provider, OGE Energy Corp., ended the day 0.59% higher at $30.49. A total volume of 2.57 million shares was traded, which was above their three months average volume of 1.37 million shares. In the last month and the previous three months, the stock has gained 4.92% and 22.82%, respectively. Moreover, the Company’s shares have advanced 18.36% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 5.39% and 13.03%, respectively. Furthermore, shares of OGE Energy have an RSI of 57.54.

Black Hills Corp. (NYSE: BKH)

On Thursday, shares in U.S. diversified energy Company, Black Hills Corp., finished 0.63% higher at $59.28 and with a total volume of 296,458 shares traded. The stock has advanced 0.68% in the last one month, 6.37% over the previous three months, and 29.59% since the start of this year. The Company’s shares are trading above their 50-day and 200-day moving averages by 0.61% and 22.56%, respectively. Additionally, shares of Black Hills have an RSI of 49.24. On May 05th, 2016, research firm Williams Capital Group reiterated its ‘Buy’ rating with an increase of the target price to $68 a share from $63 a share for the Company’s stock.

Korea Electric Power Corp. (NYSE: KEP)

International integrated electric utility Company, Korea Electric Power Corp.’s shares recorded a trading volume of 392,340 shares at the end of yesterday’s session and closed the day at $26.36, gaining 0.80%. The stock has advanced 10.76% in the previous three months and 24.52% on an YTD basis. The Company’s shares are trading above their 50-day and 200-day moving averages by 2.21% and 16.36%, respectively. Additionally, shares of Korea Electric Power have an RSI at 56.10. Complimentary alert on KEP is accessible at:

http://www.activewallst.com/register/

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly at:

Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom
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CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active Wall Street

ReleaseID: 440477

Costco Boosts Its Bottom Line despite Sluggish Sales

LONDON, UK / ACCESSWIRE / May 27, 2016 / ActiveWallSt.com initiated a post-earnings coverage of Costco Wholesale Corp. (NASDAQ: COST), following the company’s earnings release yesterday, on Wednesday, May 25, 2016. Costco reported its Q3 FY16 earnings results. For Q3 FY16, the Warehouse giant’s earnings rose 5.6% to earnings per share (EPS) of $1.24 from EPS of $1.17 in Q3 FY15, beating Thomson Reuters’ consensus estimate of $1.23 per share, while it increased.

Today, ActiveWallSt.com is promoting its earnings coverage on Costco Wholesale. Sign up for our complimentary earnings briefing at:

http://www.activewallst.com/register/

For the quarter ended May 8, 2016, net income attributable to Costco rose to $545 million as compared to $516 million from the year ago period. Revenue reached $26.77 billion, up 2.6 % on y-o-y basis, missing analysts’ estimate of $27.07 billion in revenue.

Costco’s performance in comparable-store sales (Comps) remained sluggish; Comps growth came flat for the U.S., increasing 1% in Canada, but dropping by 2% in its international business. Overall, the company’s comparable sales remained unchanged for Q3 FY16. Register for our free membership at:

http://www.activewallst.com/register/

However, discounting the impact from lower gas prices and the strong U.S dollar, comps were up 3 % in the U.S., 8 % in Canada, and 3 % for its international business for Q3 FY16. In general, companywide comps were up 3 % for Q3 FY16, which was below analyst’s consensus for a 4.6 % growth.

Economic Factors Affecting Retail

Many of retailers have been hampered by sluggish demand in the U.S. Companies such as Macy’s Inc. (NYSE: M) and Target Corp. (NYSE: TGT) reported weak quarterly sales, citing weather conditions and tepid demand for apparel and electronics. Wal-Mart Stores Inc. (NYSE: WMT), which primarily caters to customers in lower-income bracket, reported better-than-expected results for its latest reported quarter.

Can Costco keep improving?

Although top-line growth remained sluggish, Costco managed to deliver improvement in earnings above expectation. Revenue from membership fees rose around 6%, which at $618 million is a minor portion of Costco’s total revenue. However, the high-margin of membership fees has a deep impact on overall profitability.

Costco has focused on expanding its store presence to drive sales higher. During Q3 FY16, the company added seven stores to its network; five in the U.S. and one store in both Taiwan and Japan respectively. With these new additions, the overall store count is above the 700-mark.

In addition, Costco has taken steps to improve its online presence acknowledging the impact of e-commerce on retail sales. A number of brick-and-mortar retailers have failed to adapt efficiently to the shifting market conditions amid an onslaught from online competitors. Costco, on the other hand, has embraced e-commerce. The company has opened local websites in U.S., the U.K., Canada, Taiwan, Mexico and Korea to complement its physical store in these markets.

Costco shares rose 1.4% to $144.54 in New York on Wednesday, May 25, 2016, prior to earnings announcement. Get our complimentary technical alerts by clicking on the link below:

http://www.activewallst.com/register/

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly at:

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CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active Wall Street

ReleaseID: 440473

LONDON, UK / ACCESSWIRE / May 27, 2016 / ActiveWallSt.com announces the list of stocks featured in the Technical Morning Blog. Every morning the Active Wall St. team discusses the latest news and technical events impacting stocks and the financial markets. Companies recently featured in the blog include Vale, Teck Resources, Cliffs Natural Resources, and Rio Tinto.

Today, ActiveWallSt.com is promoting its technical alert briefings. Get all of our alerts free by signing up to http://www.activewallst.com/register/.

Mining provides the building blocks for our society. Metal and mineral products while always going through a cyclical demand and supply phase remain key components of our civilization. Equities in the Industrial Metals and Minerals industry thus remain attractive to a number of investors. Let us see how recent economic and geo-political factors are affecting some of the big names in the industry. Register today for the complimentary alerts on these stocks by clicking on the link below:

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ActiveWallSt.com offers a brief technical performance viewpoint on each of the companies mentioned above over the last few trading sessions.

Vale S.A. (NYSE: VALE)

Brazil headquartered Vale S.A. operates in three segments: Bulk Material segment, Base Metals segment, and Fertilizers segment. The Company also invests in energy generation and also manufactures steel. Vale’s stock finished Thursday’s session at $4.06, which was a slight correction of 0.25%. A total volume of 26.10 million shares was traded. The Company’s shares have advanced 49.82% in the previous three months and 23.40% on an YTD basis. The stock is trading 1.29% above its 200-day moving average. Additionally, shares of Vale have a Relative Strength Index (RSI) of 41.23. On May 09th, 2016, research firm Societe Generale downgraded the Company’s stock rating from ‘Buy’ to ‘Hold’.

Teck Resources Ltd (NYSE: TCK)

On Thursday, shares in Canada-based natural resources exploration and producer, Teck Resources Ltd, recorded a trading volume of 7.48 million shares. The stock ended the session 0.62% lower at $9.66. The Company’s shares have advanced 70.67% in the previous three months and 150.26% since the start of this year. The stock is trading 4.56% above its 50-day moving average and 55.52% above its 200-day moving average. Moreover, shares of Teck Resources have an RSI of 49.28. On May 19th, 2016, research firm Goldman initiated a ‘Buy’ rating, issuing a target price of $12 on the Company’s stock.

Cliffs Natural Resources Inc. (NYSE: CLF)

Shares in Ohio-based iron ore producer, Cliffs Natural Resources Inc., closed the day 0.61% higher at $3.32 and with a total volume of 9.35 million shares traded. The stock has gained 82.42% in the previous three months and 110.13% on an YTD basis. The Company’s shares are trading 21.22% above their 200-day moving average. Additionally, Cliffs Natural Resources’ stock has an RSI of 49.20. On May 04th, 2016, research firm FBR Capital reiterated its ‘Market Perform’ rating with an increase of the target price to $4 a share from $3 a share for the Company’s stock.

Rio Tinto PLC (NYSE: RIO)

At the close on Thursday, shares in London, U.K. headquartered mining and metals Company, Rio Tinto PLC, finished at $28.92, which was a correction of 1.97%. The stock recorded a trading volume of 3.90 million shares. The Company’s shares have advanced 13.32% in the previous three months and 3.27% since the start of this year. The stock is trading below its 50-day moving average by 3.47%. Furthermore, shares of Rio Tinto have an RSI of 45.78. On May 03rd, 2016, research firm Cowen reiterated its ‘Market Perform’ rating with an increase of the target price to $35 a share from $27 a share for the Company’s stock. Trade alert on RIO is available for free at:

http://www.activewallst.com/register/

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly at:

Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom
Email: info@activewallst.com
Phone number: 1-858-257-3144

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active Wall Street

ReleaseID: 440475

LONDON, UK / ACCESSWIRE / May 27, 2016 / ActiveWallSt.com announces the list of stocks featured in the Technical Morning Blog. Every morning the Active Wall St. team discusses the latest news and technical events impacting stocks and the financial markets. Companies recently featured in the blog include Quantum, Pure Storage, Nimble Storage, Violin Memory.

Today, ActiveWallSt.com is promoting its technical alert briefings. Get all of our alerts free by signing up to http://www.activewallst.com/register/.

New entrants are emerging in the Data Storage Devices segment, adding to the already-fierce competition in this space. Let us see how this is affecting some of the big names in the industry. Get acquainted with these stocks better by accessing our alerts service below:

http://www.activewallst.com/register/

Following yesterday’s close ActiveWallSt.com looks briefly at how each of the companies mentioned above have fared technically speaking and over the last few trading sessions.

Quantum Corp. (NYSE: QTM)

Scale-out storage, archive, and data protection solutions provider, Quantum Corp.’s stock finished Thursday’s session at $0.38, which was a correction of 2.59%. A total volume of 2.39 million shares was traded, which was above their three months average volume of 1.82 million shares. The Company’s shares are trading below their 50-day moving average by 23.41%. Moreover, shares of Quantum have a Relative Strength Index (RSI) of 36.63.

Pure Storage Inc. (NYSE: PSTG)

Shares in flash memory-based enterprise storage hardware provider, Pure Storage Inc., ended yesterday’s session at $12.46, which was a correction of 15.35%. A total volume of 11.92 million shares was traded, much above their three months average volume of 1.28 million shares. The stock is trading 11.65% below its 50-day moving average. Moreover, shares of Pure Storage have an RSI of 32.35. Yesterday, research firm Maxim Group reiterated its ‘Buy’ rating with a decrease of the target price to $20 a share from $27 a share for the Company’s stock.

Nimble Storage Inc. (NYSE: NMBL)

On Thursday, California-based flash storage platforms provider, Nimble Storage Inc.’s stock gained 2.34%, to close the day at $8.76. A total volume of 1.62 million shares was traded, which was above their three months average volume of 945,570 shares. The Company’s shares have advanced 9.50% in the last one month and 16.18% in the previous three months. The stock is trading 19.15% above its 50-day moving average. Additionally, shares of Nimble Storage have an RSI of 74.45. On May 25th, 2016, research firm Maxim Group reiterated its ‘Buy’ rating with an increase of the target price to $11 a share from $10 a share for the Company’s stock.

Violin Memory Inc. (NYSE: VMEM)

Shares in Santa Clara, California headquartered Violin Memory Inc., which develops and supplies memory-based storage systems, ended the day 0.96% higher at $0.34. A total volume of 1.32 million shares was traded, which was above their three months average volume of 974,320 shares. The stock is trading below its 50-day moving average by 12.90%. Furthermore, shares of Violin Memory have an RSI of 48.69. Trade alert on VMEM is available for free at:

http://www.activewallst.com/register/

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly at:

Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom
Email: info@activewallst.com
Phone number: 1-858-257-3144

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active Wall Street

ReleaseID: 440478

LONDON, UK / ACCESSWIRE / May 27, 2016 / ActiveWallSt.com announces the list of stocks featured in the Technical Morning Blog. Every morning the Active Wall St. team discusses the latest news and technical events impacting stocks and the financial markets. Companies recently featured in the blog include Pfizer, Merck & Co., Johnson & Johnson, and AbbVie. 

Today, ActiveWallSt.com is promoting its technical alert briefings. Get all of our alerts free by signing up to http://www.activewallst.com/register/.

Soaring drug prices remain to be one of the biggest challenges faced by the Major Drug Manufacturers industry, but several companies seem unaffected by the cost pressures and are even performing consistently well. Let us see how this is affecting some of the big names in the industry. Sign up now for your free technical alerts at:

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ActiveWallSt.com takes a brief technical look at how each of the companies mentioned above have fared over the last few trading sessions.

Pfizer Inc. (NYSE: PFE)

New York-based biopharmaceutical Company, Pfizer Inc.’s stock finished Thursday’s session 0.23% higher at $34.43 with a total volume of 25.25 million shares traded. The Company’s shares have advanced 5.27% in the past month, 14.91% over the previous three months, and 8.70% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 7.46% and 8.92%, respectively. Furthermore, shares of Pfizer have a Relative Strength Index (RSI) of 73.65. On May 12th, 2016, research firm Berenberg initiated a ‘Hold’ rating, issuing a target price of $38 on the Company’s stock.

Merck & Co. Inc. (NYSE: MRK)

On Thursday, shares in global health care solutions provider, Merck & Co. Inc., ended the session at $56.39, which was a slight correction of 0.32%. The stock recorded a trading volume of 5.70 million shares. The Company’s shares have gained 0.14% in the last one month, 12.33% in the previous three months, and 7.69% since the start of this year. The stock is trading 3.11% above its 50-day moving average and 7.56% above its 200-day moving average. Moreover, shares of Merck & Co. have an RSI of 63.29.

Johnson & Johnson (NYSE: JNJ)

Johnson & Johnson, in conjunction with its subsidiaries, researches and develops, produces, and sells an assortment of health care products globally. The Company’s stock ended yesterday’s session at $112.90, which was a slight correction of 0.40%, and with a total volume of 3.97 million shares traded. The Company’s shares have advanced 0.83% in the past month, 7.49% in the previous three months, and 11.50% on an YTD basis. The stock is trading 2.23% above its 50-day moving average and 11.59% above its 200-day moving average. Additionally, shares of Johnson & Johnson have an RSI of 55.84. On May 20th, 2016, research firm Standpoint Research initiated a ‘Sell’ rating, issuing a target price of $94 on the Company’s stock.

AbbVie Inc. (NYSE: ABBV)

At the close on Thursday, shares in global pharmaceutical products manufacturer, AbbVie Inc., recorded a trading volume of 6.53 million shares. The stock finished 1.11% higher at $61.90. The Company’s shares have gained 1.98% in the last one month, 11.60% over the previous three months, and 6.60% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 4.01% and 7.76%, respectively. Furthermore, shares of AbbVie have an RSI of 57.54. The complete trade setup on ABBV is available for free at:

http://www.activewallst.com/register/

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly at:

Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom
Email: info@activewallst.com
Phone number: 1-858-257-3144

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active Wall Street

ReleaseID: 440474

LONDON, UK / ACCESSWIRE / May 27, 2016 / ActiveWallSt.com announces the list of stocks featured in the Technical Morning Blog. Every morning the Active Wall St. team discusses the latest news and technical events impacting stocks and the financial markets. Companies recently featured in the blog include ServiceMaster Global Holdings, R.R. Donnelley and Sons, HMS Holdings, and TriNet Group.

Today, ActiveWallSt.com is promoting its technical alert briefings. Get all of our alerts free by signing up to http://www.activewallst.com/register/

Today’s ActiveWallSt.com studies how current market environment is affecting some of the big names in the Business Services space. Visit us for the free alerts on these stocks by clicking on the following link:

http://www.activewallst.com/register/

Let us take a brief technical look at how each of the companies mentioned above have fared over the last few trading sessions.

ServiceMaster Global Holdings Inc. (NYSE: SERV)

Shares in Tennessee-based residential and commercial services provider, ServiceMaster Global Holdings Inc., ended Thursday’s session 0.11% higher at $37.70. The stock recorded a trading volume of 911,951 shares. The Company’s shares have gained 0.21% in the previous three months. The stock is trading 1.47% above its 50-day moving average and 2.57% above its 200-day moving average. Moreover, shares of ServiceMaster Global Holdings have a Relative Strength Index (RSI) of 58.68.

R.R. Donnelley & Sons Co. (NASDAQ: RRD)

Illinois-based business services provider, R.R. Donnelley & Sons Co.’s stock saw a slight correction of 0.55%, closing the day at $16.22 with a total volume of 1.14 million shares traded. The Company’s shares have advanced 10.86% in the previous three months and 14.25% on an YTD basis. The stock is trading 8.27% above its 200-day moving average. Additionally, shares of R.R. Donnelley & Sons have an RSI of 50.50.

HMS Holdings Corp. (NASDAQ: HMSY)

On Thursday, shares in HMS Holdings Corp. recorded a trading volume of 340,868 shares, and ended the day 1.18% lower at $16.33. HMS Holdings, through its subsidiaries, dwells in the U.S. healthcare insurance benefit cost containment market. The stock has advanced 12.28% in the past month, 25.67% over the previous three months, and 32.29% since the start of this year. The Company’s shares are trading above their 50-day and 200-day moving averages by 9.83% and 34.59%, respectively. Furthermore, shares of HMS Holdings have an RSI of 58.83.

TriNet Group Inc. (NYSE: TNET)

Human resources solutions provider for small and medium-sized businesses, TriNet Group Inc.’s stock gained 0.81%, finishing yesterday’s session at $19.96 and with a total volume of 238,984 shares traded. The Company’s shares have advanced 18.46% in the last one month, 49.29% over the previous three months, and 3.15% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 22.54% and 18.25%, respectively. Additionally, shares of TriNet Group have an RSI of 81.72. On May 03rd, 2016, research firm Deutsche Bank reiterated its ‘Buy’ rating with an increase of the target price to $20 a share from $17 a share for the Company’s stock. Complimentary alert on TNET is accessible at:

http://www.activewallst.com/register/

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly at:

Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom
Email: info@activewallst.com
Phone number: 1-858-257-3144

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active Wall Street

ReleaseID: 440476

LAS VEGAS, NV / ACCESSWIRE / May 27, 2016 / Northern Vertex Mining Corp. (TSX.V: NEE) (“Northern Vertex”) and Patriot Gold Corp (OTC: PGOL) (“Patriot“) announced today the completion of the previously announced (May 12, 2016) agreement, whereby Northern Vertex would purchase Patriot Gold’s remaining 30% working interest in the Moss Gold/Silver Mine for C$1,500,000 plus the retention by Patriot of a 3% net smelter returns royalty. The consideration of C$1,200,000 in cash and C$300,000 in Northern Vertex common shares valued at C$0.35 (857,140 shares) has been paid and the transaction is now complete.

Northern Vertex CEO, Dick Whittington commented: “It is gratifying to have this acquisition behind us. Owning 100% of the Moss Mine Property has already favorably impacted our funding efforts as the recently announced US$7.5 Million Convertible Debenture Private Placement attests to. The economics of the Moss Mine Project are compelling. In addition, 200,000 M&I resource ounces are available for mine life extension studies and property wide exploration potential is high. We are excited by the opportunities this affords us and look forward to transitioning Northern Vertex from a development company to a production company in due course.”

Patriot Gold’s President, Bob Coale said, “This is an important and positive milestone for the shareholders of Patriot and Northern Vertex, and also the people of Bullhead City. The Moss Mine is a tremendous project which is now well positioned to proceed to commercial production, The teams at Patriot and Northern Vertex have worked very hard to bring the project this far, and we are encouraged that there is now a clear pathway forward for the Moss which aligns our interests. Patriot’s royalty in the Moss Mine helps advance our core mission of acquiring and developing precious metals deposits in Arizona and Nevada.”

Qualified Persons:

The foregoing technical information contained in this news release has been approved by Mr. L.J. Bardswich, P. Eng., General Manager Moss Project, and a Qualified Person (“QP”) for the purpose of National Instrument 43-101 (Standards of Disclosure for Mineral Projects).

About Northern Vertex:

Northern Vertex Mining Corp. is a Canadian exploration and mining company focused on the reactivation of its 100% owned Moss Mine Gold-Silver Project located in NW Arizona, USA. The Moss Mine Gold-Silver Project is an epithermal, brecciated, low sulphidation quartz-calcite vein and stock-work system which extends over a strike length of 1,400 meters and has been drill tested to depths of 370 meters vertically. It is a potential heap leach, open pit project that has been advanced to the Feasibility Study stage to ensure that technical, economic, permitting and funding requirements are met prior to proceeding with the development of the mine. The Company’s management comprises an experienced management team with a strong background in all aspects of acquisition, exploration, development, operations and financing of mining projects worldwide. The Company is focused on working effectively and respectfully with our stakeholders in the vicinity of the historical Moss Mine and enhancing the capacity of the local communities in the area.

About Patriot Gold:

Patriot Gold Corp. is a precious metals exploration and production company with the mission to discover and develop significant gold and silver assets in Arizona and Nevada. Patriot holds interests in four projects consisting of the Moss project in Arizona and three in Nevada (Bruner, Vernal, and Windy Peak).

J.R.H. (Dick) Whittington, President & CEO
Northern Vertex Mining Corp.

Bob Coale, President & Director
Patriot Gold Corp.

For further information about Northern Vertex, please visit www.northernvertex.com or contact Investor Relations at: 604-601-3656 or at 1-855-633-8798.

For further information about Patriot Gold Corp, please visit www.patriotgoldcorp.com or contact Investor Relations at: 702-456-9565.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Disclaimer: This announcement may contain forward-looking statements which involve risks and uncertainties that include, among others, limited operating history, limited access to operating capital, factors detailed in the accuracy of geological and geophysical results including drilling and assay reports; the ability to close the acquisition of mineral exploration properties, and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. More information is included in the company’s filings with the Securities and Exchange Commission, and may be accessed through the SEC’s web site at http://www.sec.gov.

SOURCE: Patriot Gold Corp.

ReleaseID: 440468