Market News Call

Hot Buzz: LDK Solar Co., Ltd (ADR) (NYSE:LDK), J.C. Penney Company, Inc.(NYSE:JCP), First Midwest Bancorp Inc(NASDAQ:FMBI)

Lakeway, NY — (MARKET NEWS CALL) — 11/21/2013 —, an investment community with a special focus on updating investors with recent news on the U.S. stock market about the small and penny stocks, issues news alert on LDK Solar Co., Ltd (ADR) (NYSE:LDK), J.C. Penney Company, Inc.(NYSE:JCP), First Midwest Bancorp Inc(NASDAQ:FMBI).

LDK Solar Co., Ltd (ADR)(NYSE:LDK) has secured an RMB1.56B ($256M) credit facility (good through Nov. 2016) from a syndicate of 11 Chinese commercial banks. (PR)The funds can only be used finance LDK’s operations in China’s Jiangxi Province, and can’t be “used to service any existing indebtedness, whether onshore or offshore.” LDK states each drawdown will be made “in the absolute discretion of the syndicate and will be subject to additional conditions,” such as early repayment.LDK, whose debt/cash flow woes have led it to miss out on this year’s huge solar stock rally, ended Q2 holding just $85.1M in cash, and over $2.6B in debt. Q3 results are due on Nov. 26.

Should Investors Buy TSL After Yesterday’s Slump? Find Out Here

If I was a long/short guy, I’d be worried, Tepper tells Bloomberg TV. Growth is good, inflation is low, rates are low … “We’re going to get 20% (in the markets) next year … I”m worried by long/short friends are going to lose their jobs.” Can markets correct 5-10% amid the taper? Of course.Of his J.C. Penney Company, Inc.(NYSE:JCP) stake, he’s pleased with the big move higher over the past month, but it’s strictly a trade on a stock that had gone down too far too fast. He remains long Citigroup (C) and calls it a $70 stock.Talking a bit more about his Treasury call, he says he’s short even though he considers it an impossibility for the 10-year Treasury to get over 3.5%-3.75%. “I’d bet anything on that.”The 10-year/2-year Treasury spread is at 251 basis points, within shouting distance of the record 292 basis points. To believe the 10-year Treasury yield can rise another 100 bps (while the Fed holds the short end down) is to believe an existing record will be smashed.

Can Traders Buy TSLA After The Solid Rally? Get Free Trend Analysis Here

First Midwest Bancorp Inc(NASDAQ:FMBI) declares $0.07/share quarterly dividend, 75.0% increase from prior dividend of $0.04.Forward yield 1.60%Payable Jan 14; for shareholders of record Dec. 20; ex-div Dec. 18.

Should Investors Rush To Buy ACI After The Solid Rally? Get Special Report Here

About is engaged in providing the most up to date and useful information on Microcap Stocks poised to breakout. also provides investors with trend analysis, detailed company profiles, and most importantly a much needed “informational edge” which can be used as a tool for making investment decisions. To Receive Instant updates in the inbox, readers are advised to sign up for free at


The assembled information disseminated by is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. does expect that investors will buy and sell securities based on information assembled and presented in PLEASE always do your own due diligence, and consult your financial advisor.

Tags: , , , ,

Leave your comment here