Trader’s Buzz: Lennar Corp. (NYSE:LEN), Hutchinson Technology Inc. (NASDAQ:HTCH), Portugal Telecom, SGPS S.A. (NYSE:PT), Suncor Energy Inc. (NYSE:SU), LoJack Corporation (NASDAQ:LOJN)

Technology Stocks News 6

Lennar (NYSE:LEN) has been given a “BB” credit rating by analysts at Morningstar. The research firm’s “BB” rating suggests that the company is an above-average default risk. They also gave their stock a two star rating. Lennar Corp. (NYSE:LEN) belongs to Industrial Goods sector. Its net profit margin is 8.80% and weekly performance is 6.20%. On last trading day company shares ended up $46.28. Lennar Corp. (NYSE:LEN) distance from 50-day simple moving average (SMA50) is 3.19%.

Hutchinson Technology Incorporated (NASDAQ:HTCH) reported that its preliminary net sales totaled approximately $72 million for fiscal 2015 first quarter. The company estimates that gross margin for the first quarter was 15% to 16% of net sales. The company shipped 121.7 million suspension assemblies in the quarter. Hutchinson estimates first-quarter operating loss of approximately $1 million. Hutchinson Technology Inc. (NASDAQ:HTCH) belongs to Technology sector. Its net profit margin is -15.50% and weekly performance is 15.65%. On last trading day company shares ended up $3.99. Hutchinson Technology Inc. (NASDAQ:HTCH) distance from 50-day simple moving average (SMA50) is 11.93%.

Portugal Telecom SGPS SA (NYSE:PT) shares fell to the lowest in almost 20 years in Lisbon after shareholders suspended a vote on selling assets it once controlled to billionaire Patrick Drahi’s Altice SA. (ATC). Portugal Telecom, SGPS S.A. (NYSE:PT) shares remains unchanged in last trading session and ended the day at $0.90. PT Gross Margin is 79.40% and its return on assets is 3.90%. Portugal Telecom, SGPS S.A. (NYSE:PT) quarterly performance is -55.67%.

Suncor Energy Inc. (NYSE:SU) said it will cut 1,000 jobs, primarily through its contract workforce, in addition to reducing employee positions. There will also be an overall hiring freeze for roles that are not critical to operations and safety, the company said. Suncor says in response to sliding crude-oil prices, it will cut $1 billion in capital spending, as well as make operating expense reductions of $600 million to $800 million that will be phased in over two years. On 13 January, Suncor Energy Inc. (NYSE:SU) shares moved up 1.50% and was closed at $29.10. SU EPS growth in last 5 year was 3.50%. Suncor Energy Inc. (NYSE:SU) year to date (YTD) performance is -8.43%.

On Jan 06, AT&T*and LoJack Corporation (NASDAQ:LOJN), announced a collaboration to power LoJack’s current and future telematics solutions. The alliance is resonant of both company’s commitment to providing machine-to-machine and telematics solutions to the automotive and fleet industries. LoJack Corporation (NASDAQ:LOJN) shares moved down -3.97% in last trading session and ended the day at $2.42. LOJN Gross Margin is 47.60% and its return on assets is -15.40%. LoJack Corporation (NASDAQ:LOJN) quarterly performance is -33.33%.

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