Published On: Wed, Aug 13th, 2014

4 Stocks Making News: Scientific Games, Boyd Gaming, Novavax, Nordic American Tankers

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Scientific Games (SGMS) signed a deal with the Taiwan Lottery to provide instant games. This contract is for 2 years, is renewable, and gives the company exposure to Southeast Asia. The stock rose 1.83% on the news, and the contract might be a welcome relief to the 53.33% decline in the stock price so far this year.

Boyd Gaming (BYD) saw its earnings revenue down $722.5 million compared to the same quarter in 2013, at $738.7 million. EBITDA was up slightly to $160.6 million compared to last year’s $160.2 million. Bogota’s recent tax settlement with Atlantic City affected the stock’s action. It was up 3.55%with a much higher than average volume: 2.25 million shares traded compared to the average 1.33 million

Novavax (NVAX), which produces vaccines, reported earnings when it reported after the market close. The stock dropped 2.91%, which is a bearish indication for the stock. The company missed earnings estimates by 2 cents and its revenues declined. In June, the company had an public offering of 25 million shares, and the stock dropped 11% on the news.

Nordic American Tankers (NAT) dropped to the lower area of its 52-week trading range of $7.59-$12.61; it closed at $8.67 after falling 3.67%. The company purchased its 22nd Suezmax vessel after raising its dividend $0.12 per share in July. Jim Cramer on Mad Money has been critical of the company’s tendency to increase its number of ships, but CEO Herbjorn Hansson has explained in the past that his strategy is to buy vessels when they are inexpensively priced and to keep raising the dividend.

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