Hot Stocks : Medtronic, Inc. (NYSE:MDT), MGM Resorts International (NYSE:MGM), Linn Co, LLC (NASDAQ:LNCO), Park Electrochemical Corp. (NYSE:PKE), Alcatel Lucent SA (NYSE:ALU)

Technology Stocks News 16

U.S. medical device maker Medtronic, Inc. (NYSE:MDT) is likely to try to renegotiate the structure and terms of its $42.9 billion deal to buy Ireland’s Covidien Plc in response to new U.S. tax rules, according to people familiar with the situation. Medtronic, Inc. (NYSE:MDT) belongs to Healthcare sector. Its net profit margin is 22.90% and weekly performance is 0.58%. On last trading day company shares ended up $62.80. Medtronic, Inc. (NYSE:MDT) distance from 50-day simple moving average (SMA50) is -0.83%.

Announced on Sep 30, MGM Resorts International (NYSE:MGM) is considering investing in fantasy sports leagues, Chief Executive Officer Jim Murren said. The company, based in Las Vegas, plans discussions with regulators in states where it operates to make sure such a move would be legal, Murren said today at the Global Gaming Expo. MGM Resorts International (NYSE:MGM) shares moved down -0.50% in last trading session and ended the day at $22.00. MGM Gross Margin is 36.60% and its return on assets is 0.60%. MGM Resorts International (NYSE:MGM) quarterly performance is -18.03%.

LINN Energy, LLC and Linn Co, LLC (NASDAQ:LNCO) announced monthly distributions and dividends, respectively. LINN Energy, LLC declared a monthly cash distribution of $0.2416 per unit, or $2.90 per unit on an annualized basis, for all of its outstanding units. The distribution will be payable October 16, 2014, to unitholders of record as of the close of business on October 13, 2014. On 02 October, Linn Co, LLC (NASDAQ:LNCO) shares moved down -1.46% and was closed at $28.37. LNCO EPS growth in last 5 year was 0.00%. Linn Co, LLC (NASDAQ:LNCO) year to date (YTD) performance is -0.91%.

Park Electrochemical Corp. (NYSE:PKE) reported net sales of $42,349,000 for the second quarter ended August 31, 2014 compared to net sales of $44,497,000 for the second quarter ended September 1, 2013. Park’s net sales for the six months ended August 31, 2014 were $91,166,000 compared to net sales of $87,935,000 for the six months ended September 1, 2013. Park Electrochemical Corp. (NYSE:PKE) ended the last trading day at $23.26. Company weekly volatility is calculated as 5.71% and price to cash ratio as 1.76. Park Electrochemical Corp. (NYSE:PKE) showed a weekly performance of -3.65%.

Alcatel Lucent SA (ADR) (NYSE:ALU) is doubling down on its carrier efforts by divesting its enterprise networking business. Alcatel-Lucent Enterprise is being sold to China Huaxin Post and Telecommunciations Economy Development Center for cash proceeds of approximately $268 million. Alcatel Lucent SA (ADR) (NYSE:ALU) shares moved down -1.35% in last trading session and ended the day at $2.93. ALU Gross Margin is 33.00% and its return on assets is -2.10%. Alcatel Lucent SA (ADR) (NYSE:ALU) quarterly performance is -20.81%.

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