DALLAS, May 10, 2010 (BUSINESS WIRE) -- Penny Stock Pick Alert, a weekly newsletter that provides insight into emerging companies with strong upside potential, announces stocks that are currently the Top Stock Picks in the US markets for May 10, 2010. With the markets being volatile in recent trading sessions, investors could gain insight and analysis about stocks that are poised to increase in valuation and share price by visiting Penny Stock Pick Alert.
Following are some of the notable stock gainers in today's market for May 10, 2010.
CPI International, Inc. (NASDAQ:CPII) today agreed to be acquired by Comtech Telecommunications Corp. (Nasdaq: CMTL) for $472.3 million or $16.40 in order to diversify its current business portfolio.
From the point of CPI's shareholders, the agreed amounts represent a premium of 25.67%, based on the Friday's closing price of $13.05. CPI shareholders will receive $9 a share in cash and between 0.213 and 0.238 Comtech shares for each CPI share they hold.
Shares of CPII jumped 21.53% to $15.84.
CPI International, Inc. is a provider of microwave, radio frequency (RF), power and control products for critical defense, communications, medical, scientific and other applications.
Dynegy Inc. (NYSE:DYN) today reported a surprise first quarter earnings $145 million, or 24 cents a share, compared with a loss of $335 million, or 40 cents a share, a year ago, while analysts were expecting a loss of 12 cents a share.
Revenue in the latest quarter slid 5.1% to $858 million, but way ahead of the analysts' estimates of $584.37 million.
As of March 31, 2010, Dynegy's liquidity was $2.3 billion. This consisted of $802 million in cash on hand and marketable securities and $1.5 billion in unused availability under the company's credit facility.
In the opening session, shares of DYN climbed 10% to $1.31.
McDonald's Corporation (NYSE:MCD) reported that its global comparable sales grew 4.9% in the month of April 2010.
The largest growth came from its Europe segment, which climbed 5.3% followed by Asia/Pacific, Middle East and Africa rose 3.9% and U.S. rose 3.80%.
McDonald's European business continues to benefit from customer-focused strategies around menu choice, everyday affordability and restaurant reimaging.
Shares of MCD rose 3.56% to $70.43.
The facts and opinions expressed in this release are supported by CFA Ankit Singhania.
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SOURCE: Penny Stock Pick Alert CONTACT: PennyStockPickAlert.com Designated CFA: Ankit Singhania Charter No. C3439 Robert Wilson, 214-556-6798 email@example.com Copyright Business Wire 2010 -0- KEYWORD: United States
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