Best Stocks: Apple Inc. (Nasdaq:AAPL) continues to gain; Lexmark International Inc. (NYSE:LXK), Alpha Natural Resources, Inc. (NYSE:ANR)

Apple Inc. (Nasdaq:AAPL) continues to gain.  Last week, Apple ‘s (AAPL) shares rose last week  after the company reported record results, beating analysts' expectations. The company sold 74.5M iPhones last quarter, a figure that also beat the consensus outlook. The company’s shares are again getting buyers’ support and are trading positive. AAPL is part of the Consumer Goods sector in Electronic Equipment  industry. The stock closed for the day at $117.16 with a change of $1.74 or 1.46%. AAPL traded in a range of $116.85 to $120.00 through the day. The stock’s 52 week range is $71.33 to $120.00.

 

Lexmark International Inc. (NYSE:LXK) enters accelerated share repurchase agreement with Citibank. After the close of the markets on January 27, Lexmark entered into an accelerated share repurchase agreement with Citibank, N.A. Pursuant to the terms of the ASR Agreement, the company will purchase $30M of the outstanding shares of its Class A Common Stock from Citibank. Under the ASR Agreement, Citibank will deliver 624,235 shares to the company on January 30, equal to 85% of the shares that would be repurchased at a price of $40.85, the closing price of the company’s Class A Common Stock on January 27. The closing for LXK was $39.91 at the day’s end. It was a change of $0.28. LXK saw a market cap of $2.46B and its Trailing P/E was 31.93.

 

Alpha Natural Resources, Inc. (NYSE:ANR) subsidiaries plan to reduce W. Virginia mining operations. Two operating affiliates of Alpha Natural Resources have notified their employees that certain West Virginia coal mines are being idled due to sustained weak market conditions and federal government regulations that have challenged the entire Central Appalachian mining industry. In accordance with the Worker Adjustment and Retraining Notification Act, notice has been given to approximately 91 Highland Mining Company employees, advising them of the expected idling of Highland Mining's Superior, North, and Trace Fork surface mines, and a reduction in workforce at its Reylas and Freeze Fork surface mines. ANR closed for the day at $1.04 with a change of $0.07. Trailing 12 month’s profit margin for ANR is -25.86% and for the same period, its operating margin is -15.51%.