Market Movers: Halcon Resources Corp. (NYSE:HK), Itau Unibanco Holding SA (ADR) (NYSE:ITUB), Tata Motors Limited (NYSE:TTM), Pfizer Inc. (NYSE:PFE), Zafgen, Inc. (NASDAQ:ZFGN)

Technology Stocks News 16

Halcón Resources Corporation (NYSE:HK) plans to slash spending and cut rigs next year as crude prices continue to tumble, sending some of the strongest signals so far that plummeting oil prices are taking their toll on small, independent exploration and production companies. Halcon Resources Corp. (NYSE:HK) belongs to Basic Materials sector. Its weekly performance is 10.54%. On last trading day company shares ended up $3.25. Halcon Resources Corp. (NYSE:HK) distance from 50-day simple moving average (SMA50) is -15.99%.

Itau Unibanco Holding SA (ADR) (NYSE:ITUB) and Banco Bradesco S.A. (Bradesco) remain the stronger performers of the three banks, posting nine month adjusted net income increases of roughly 34% and 25%, respectively. We expect these two banks to sustain good profitability levels over the near term. Banco Santander (Brasil) S.A. (Santander) posted flat profits for the first nine months of 2014, reflecting less flexibility, but still very strong capitalization levels. Itau Unibanco Holding SA (ADR) (NYSE:ITUB) shares advanced 0.07% in last trading session and ended the day at $14.11. ITUB return on assets is 1.80%. Itau Unibanco Holding SA (ADR) (NYSE:ITUB) quarterly performance is -8.55%.

Tata Motors Limited (NYSE:TTM)’ total sales (including exports) of Tata commercial and passenger vehicles in October 2014 were 42,819, a decline of 17 per cent over 51,638 vehicles sold in October 2013. The company’s domestic sales of Tata commercial and passenger vehicles for October 2014 stood at 38,760, a 17 per cent decline over 46,926 vehicles sold in October last year. On 10 November, Tata Motors Limited (NYSE:TTM) shares remains unchanged and was closed at $46.54. TTM EPS growth in last 5 year was 18.30%. Tata Motors Limited (NYSE:TTM) year to date (YTD) performance is 51.74%.

Pfizer Inc. (NYSE:PFE) EVP Charles H. Hill sold 8,285 shares of the stock on the open market in a transaction dated Monday, November 10th. The shares were sold at an average price of $30.18, for a total value of $250,041.30. Following the sale, the executive vice president now directly owns 99,478 shares in the company, valued at approximately $3,002,246. Pfizer Inc. (NYSE:PFE) belongs to Healthcare sector. Its net profit margin is 64.40% and weekly performance is 0.90%. On last trading day company shares ended up $30.20. Pfizer Inc. (NYSE:PFE) distance from 50-day simple moving average (SMA50) is 3.65%.

Zafgen Inc. (NASDAQ:ZFGN) is set to announce its Q314 earnings results on Wednesday, November 12th. Analysts expect the company to announce earnings of ($0.87) per share for the quarter. Zafgen, Inc. (NASDAQ:ZFGN) shares advanced 4.07% in last trading session and ended the day at $19.96. ZFGN return on assets is -45.10%. Zafgen, Inc. (NASDAQ:ZFGN) quarterly performance is 12.51%.

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