Stocks in Focus: Verizon Communications (NYSE:VZ), Cliffs Natural Resources (NYSE:CLF), Rex Energy (NASDAQ:REXX), Ally Financial (NYSE:ALLY), The Bank of Nova Scotia (NYSE:BNS)


Verizon Communications Inc. (NYSE:VZ) said that it plans to make it easier for customers to opt out of its controversial “super cookie” identifier that tracks smart phone users’ Web surfing behavior. On last trading day Verizon Communications Inc. (NYSE:VZ) fell -0.87% to close at $45.71. Its volatility for the week is 1.74% while volatility for the month is 1.74%. VZ’s sales growth for past 5 years was 3.30% and its EPS growth for past 5 years was 7.10%. Verizon Communications Inc. (NYSE:VZ) monthly performance is -2.29%.

On 27 January, Cliffs Natural Resources Inc. (NYSE:CLF) announced that Bloom Lake General Partner Limited and certain of its affiliates, including Cliffs Quebec Iron Mining ULC (collectively, “Bloom Lake Group”) commenced restructuring proceedings in Montreal, Quebec, under the Companies’ Creditors Arrangement Act (Canada) (“CCAA”). The Bloom Lake Group had recently suspended operations and for several months has been exploring options to sell certain of its Canadian assets, among other initiatives. Cliffs Natural Resources Inc. (NYSE:CLF) in last trading activity increased 5.07% to close at $6.42. Company weekly performance is -14.29% while its quarterly performance stands at -36.31%. Cliffs Natural Resources Inc. (NYSE:CLF) is -71.64% away from its 52 week high.

Rex Energy Corporation (NASDAQ:REXX) announced that Thomas Rajan has been appointed Chief Financial Officer of the company effective February 1, 2015. On Friday shares of Rex Energy Corporation (NASDAQ:REXX) closed at $3.54. Company’s sales growth for last 5 years was 23.10% and EPS growth for next 5 years is recorded as 52.50%.

On 29 January, Ally Financial Inc. (NYSE:ALLY) reported fourth-quarter net income of $177 million, up from $104 million in the same period a year earlier. On a per-share basis, the Detroit-based online bank and auto finance company, said it earned 23 cents. Earnings, adjusted for one-time gains and costs, were 40 cents per share. Ally Financial Inc. (NYSE:ALLY) has 33.83% insider ownership while its institutional ownership stands at 77.90%. In last trading activity company’s stock closed at $18.71.

Equities researchers at Barclays dropped their target price on shares of The Bank of Nova Scotia (NYSE:BNS)) from $73.00 to $67.00 in a research report issued on Friday. The firm currently has an “equal weight” rating on the stock. Barclays’ target price would indicate a potential upside of 7.23% from the company’s current price. On last trading day The Bank of Nova Scotia (NYSE:BNS) fell -3.01% to close at $48.04. Its volatility for the week is 2.10% while volatility for the month is 1.96%. BNS’s sales growth for past 5 years was 0.60% and its EPS growth for past 5 years was 14.10%. The Bank of Nova Scotia (NYSE:BNS) monthly performance is -15.18%.


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