CORAL SPRINGS, FL -- (Marketwire) -- 06/20/12 -- FinancialNewsMedia.com "stocks to watch" for today: Ziyang Ceramics Corporation (OTCBB: ZYCI), Bank of America Corp. (NYSE: BAC), Arena Pharmaceuticals, Inc. (NASDAQ: ARNA), Idenix Pharmaceuticals, Inc. (NASDAQ: IDIX).
Potential Breakout Alert issued for ZYCI: Bullworthy, LLC Initiates Coverage on Ziyang Ceramics Corporation (OTCBB: ZYCI) With Detailed Research Report that includes a $9.25 Target Price per share.
Bullworthy, LLC, a digital investor and press relations firm focused on producing high-quality web content, is pleased to announce the company's analysts have initiated coverage on Ziyang Ceramics Corporation (OTCBB: ZYCI), a leading manufacturer of interior porcelain wall and floor tiling for residential and commercial applications in Zhucheng, China.
The 25-page detail report covers the history of earnings for the China-based tile manufacturer, the many aspects of its growing business and operations, and the global marketplace demand for high-quality, interior wall and floor tiling.
The report comes on the heels of Ziyang Ceramics reporting impressive 1Q 2012 earnings on May 16th, 2012, in which the company reported net revenues of $11.4 million, an increase of 52.5% from the first quarter of 2011. The company also reported net income of $3.2 million, or $.42 per share on 7.5 million shares outstanding, its fourth straight profitable quarter.
Bullworthy, LLC's 12-18 month price target using the Bullworthy Composite Valuation Model (BCVM) is $9.25 a share. The model is calculated using formulas that include price-to-earnings ratios, price-to-book ratios, and discounted cash flow with conservative variables, and smoothed for a final, average price target.
To Read the Entire FREE 25 Page Research Report, Go to http://zyci.bullworthy.com/
For more details and to read the entire press release issued for ZYCI that includes the full company disclosures please go to http://www.financialnewsmedia.com/stock-investing-business-investing-news/featured-news.php?id=159
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Bank of America Corp. (NYSE: BAC) has recently overtaken JPMorgan as the top lender to the commodities industry during first five months of the year. According to data collected by Bloomberg total commodity loans for Bank of America were $14.71 billion compared to $14.41 billion from JPMorgan. Citigroup was ranked third with $13.68 billion in commodity loans.
In the past 52 weeks, Arena Pharmaceuticals, Inc. (NASDAQ: ARNA) share prices have been bracketed by a low of US$1.23 and a high of US$9.55, and are now at US$9.38 (662% above that low price). There were 46.13 million stock shares traded, which was 2.2 times more than the average volume.
Idenix Pharmaceuticals, Inc. (NASDAQ: IDIX), a biopharmaceutical company engaged in the discovery and development of drugs for the treatment of human viral diseases, announced results from an ongoing phase IIb study of IDX184 in combination with pegylated interferon and ribavirin (PegIFN/RBV).
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