Today’s Watch List : Annaly Capital Management (NYSE:NLY), ChinaNet Online (NASDAQ:CNET), Alamo Group, Inc. (NYSE:ALG), Wal-Mart Stores Inc. (NYSE:WMT), CorMedix, Inc. (NYSEMKT:CRMD),

Technology Stocks News 16

Citigroup Inc. reiterated their neutral rating on shares of Annaly Capital Management (NYSE:NLY) in a research report released on Friday morning. Citigroup Inc. currently has a $11.00 price objective on the stock, up from their previous price objective of $10.00. Annaly Capital Management, Inc. (NYSE:NLY) belongs to Financial sector. Its net profit margin is 42.50% and weekly performance is -0.62%. On last trading day company shares ended up $11.31. Annaly Capital Management, Inc. (NYSE:NLY) distance from 50-day simple moving average (SMA50) is -1.67%.

ChinaNet Online Holdings, Inc. (NASDAQ:CNET) shares skyrocketed in trading today, on heavy volume Friday, following a press release saying that the company is in discussions for a partnership with Alibaba’s (BABA_) online shopping unit Taobao. “We are very excited about our new focus on digital advertising and our cooperation with Baidu. We are also in discussions with Taobao of Alibaba to provide “Micro-Sell 360″, which is one of our new product solutions geared towards precision marketing for clients,” said the company. ChinaNet Online Holdings, Inc. (NASDAQ:CNET) shares increased 92.16% in last trading session and ended the day at $1.96. CNET Gross Margin is 35.50% and its return on assets is -4.50%. ChinaNet Online Holdings, Inc. (NASDAQ:CNET) quarterly performance is 141.98%.

Alamo Group (NYSE:ALG) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Wednesday. They currently have a $46.90 price target on the stock. Zacks‘s target price would indicate a potential downside of 4.07% from the company’s current price. On 19 September, Alamo Group, Inc. (NYSE:ALG) shares fell -1.83% and was closed at $41.75. ALG EPS growth in last 5 year was 21.70%. Alamo Group, Inc. (NYSE:ALG) year to date (YTD) performance is -30.93%.

Wal-Mart Stores Inc. (NYSE:WMT), is adding 60,000 seasonal workers this year, about 5,000 more than were hired last year. Wal-Mart Stores Inc. (NYSE:WMT) belongs to Services sector. Its net profit margin is 3.30% and weekly performance is 1.41%. On last trading day company shares ended up $76.84. Wal-Mart Stores Inc. (NYSE:WMT) distance from 50-day simple moving average (SMA50) is 1.63%.

On Sept. 16, CorMedix, Inc. (NYSEMKT:CRMD), announced the amendment and restatement of its outstanding Series C-2, C-3, D and E preferred stock and related warrants, as well as the warrants issued in its March 2014 common stock and warrant financing, to remove anti-dilution, price reset and certain change of control provisions that caused those securities to be classified as derivative liabilities under U.S. generally accepted accounting principles. In addition, the dividend payable on each of the Series D preferred stock and Series E preferred stock was eliminated. CorMedix, Inc. (NYSEMKT:CRMD) shares increased 6.21% in last trading session and ended the day at $1.88. CRMD Gross Margin is -347.50%. CorMedix, Inc. (NYSEMKT:CRMD) quarterly performance is 23.68%.

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