Hot Stocks : Covidien (NYSE:COV), Marine Petroleum Trust (NASDAQ:MARPS), Lakeland Financial (NASDAQ:LKFN), Tandy Leather Factory (NASDAQ:TLF), FAB Universal (NYSEMKT:FU)

Technology Stocks News 8

Medtronic Inc., Fridley, will acquire Ireland-based Covidien PLC (NYSE:COV) for $46.2 billion. The largest acquisition in Minnesota history is pending regulatory approval. Covidien plc (NYSE:COV) belongs to Healthcare sector. Its net profit margin is 14.50% and weekly performance is -4.59%. On last trading day company shares ended up $82.54. Covidien plc (NYSE:COV) distance from 50-day simple moving average (SMA50) is -2.64%.

On May 22, 2014, the unit holders of Marine Petroleum Trust (NASDAQ:MARPS) acted by a way of written consent (pursuant to a consent solicitation, and in lieu of a special meeting of unit holders) (the “Consent”). In the Consent, unit holders of the Trust were asked to consider and vote upon (i) the appointment of Southwest Bank as successor corporate trustee of the Trust and (ii) certain amendments to the Restated Marine Petroleum Trust Indenture dated January 1, 1984 (the “Indenture”), as more fully described in the definitive consent solicitation statement filed by the Trust with the Securities Exchange Commission on March 31, 2014, as amended. Marine Petroleum Trust (NASDAQ:MARPS) shares remains unchanged in last trading session and ended the day at $16.75. MARPS return on assets is 311.10%. Marine Petroleum Trust (NASDAQ:MARPS) quarterly performance is -1.35%.

Lakeland Financial Corp. (NASDAQ:LKFN) on Friday, 25 July 2014 reported second-quarter earnings of $11.3 million, or 68 cents per diluted common share, a 22 percent increase over the $9.2 million, or 56 cents a share, posted for the same three months of 2013. The earnings set a record for any quarter in the company’s history. On 07 August, Lakeland Financial Corp. (NASDAQ:LKFN) shares moved down -0.27% and was closed at $36.63. LKFN EPS growth in last 5 year was 8.10%. Lakeland Financial Corp. (NASDAQ:LKFN) year to date (YTD) performance is -4.53%.

Tandy Leather Factory, Inc. (NASDAQ:TLF) today reported financial results for the second quarter of 2014. Consolidated net income for the quarter ended June 30, 2014 was $1.8 million compared to consolidated net income of $1.6 million for the second quarter of 2013, an increase of 8%. Fully diluted earnings per share for the quarter were $0.17, compared to $0.16 in the second quarter of last year. Total sales for the quarter ended June 30, 2014 were $19.7 million, up 4% from $19.0 million in the second quarter last year. Tandy Leather Factory, Inc. (NASDAQ:TLF) ended the last trading day at $9.46. Company weekly volatility is calculated as 1.78%and price to cash ratio as 10.87. Tandy Leather Factory, Inc. (NASDAQ:TLF) showed a weekly performance of 1.28%.

FAB Universal (NYSEMKT:FU), a worldwide distributor of digital media and entertainment, announced on April 28, 2014 that it had received notice from NYSE MKT LLC that, indicating that the staff of NYSE MKT (the “Staff”) intends to strike the common stock of the Company from listing on the NYSE MKT by filing a delisting application with the U.S. Securities & Exchange Commission (the “SEC”) pursuant to Section 1009(d) of the NYSE MKT’s Company Guide. The Company has requested an oral hearing before an Exchange Listing Qualifications Panel to appeal the Staff’s determination. FAB Universal Corporation (NYSEMKT:FU) shares remains unchanged in last trading session and ended the day on $3.07. FAB Universal Corporation (NYSEMKT:FU) quarterly performance is 0.00%.

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