PennyTrader.com Presents Today’s Midday Stock Report: MSEH, LNET, TAGG
The major averages are holding their levels just below their session highs. The S&P 500 is up 0.7%.
Earlier, retailers have reported same store sales for the month of September. Out of the 18 companies which have already announced their results, ten reported below analyst expectations. The SPDR S&P Retail ETF (XRT 63.11, +0.54) is adding 0.9% despite the mixed results.
Looking at individual names, Costco (COST 100.71, +1.09) and Nordstrom (JWN 57.15, +1.27) are advancing 1.1% and 1.7%, respectively. Costco reported a 6.0% increase in September same store sales which was ahead of analyst expectations of a 5.2% increase. Meanwhile, Nordstrom’s 4.4% increase fell short of expectations which called for sales growth of 5.4%.
MSEH – Trade Alert
Up 32.14% in morning trading to $.222 with 1.5M shares traded
Mesa Energy Holdings, Inc. is a growth-oriented Exploration and Production (E&P) company with a definitive focus on growing reserves and net asset value per share, primarily through the acquisition and enhancement of high quality producing properties and the development of highly diversified developmental drilling opportunities. Mesa Energy currently owns producing oil and natural gas properties in Plaquemines and Lafourche Parishes in Louisiana as well as producing and developmental properties in Garfield and Major Counties, OK and Wyoming County, NY. Armada Oil, Inc. (OTCBB:AOIL) (”Armada Oil”) and Mesa Energy Holdings, Inc. (OTCBB:MSEH) (”Mesa Energy”) yesterday announced that they have entered into a non-binding Letter of Intent to pursue a business combination. The closing of the business combination is subject to further due diligence, negotiation and execution of definitive agreements, as well as necessary consents and approvals.
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LNET – News Alert
Up 29.13% in morning trading to $.82 with 800K shares traded
LodgeNet Interactive Corporation is the leading provider of interactive media and connectivity services to hospitality and healthcare businesses and the consumers they serve. Recently named by Advertising Age as one of the Leading 100 US Media Companies, LodgeNet Interactive serves approximately 1.6 million hotel rooms worldwide in addition to healthcare facilities throughout the United States. The Company’s services include: Interactive Television, Broadband and Advertising Media Solutions along with nationwide technical and professional support services. LodgeNet Interactive Corporation owns and operates businesses under the industry leading brands: LodgeNet, The Hotel Networks and LodgeNet Healthcare. LodgeNet Interactive Corporation (LNET) yesterday announced today they have been certified by Marriott International, Inc. as a Marriott Global Property Network Standards (GPNS) approved provider for property Internet.
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TAGG – News Alert
Up 38.97% in morning trading to $.1216 with 30M shares traded
TagLikeMe Corp. owns and operates TagLikeMe.com, an Internet services platform that combines the most commonly used functions of search and social media interaction in one destination. TagLikeMe.com allows individuals to search the Internet by using the top three search engines of Yahoo™, Bing™ and Google™, in addition to viewing related activities from popular social media based sites such as Facebook™, YouTube™, Twitter™ and Wikipedia ™ in a single search inquiry. TagLikeMe Corp. (OTCQB:TAGG) has received approval of its iOS/iPad app version of its social search and sharing application TagLikeMe that is available immediately through Apple’s iTunes® store.
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