SOURCE: Equity News Circuit

Equity News Circuit

April 17, 2013 08:15 ET

Free Research Reports on PBY, PHM, RHT and WWW Issued by the Bedford Report

Note to Editors: The Following Is an Investment Opinion Being Issued by the Equity News Circuit

NEW YORK, NY--(Marketwired - Apr 17, 2013) - The Bedford Report has released new equity reports today. As a leading provider of free in depth reports and timely market updates, Bedford is an essential resource for hundreds of thousands of investors across the country.

The Pep Boys - Manny, Moe & Jack (NYSE: PBY) shares declined 5.78 percent on volume of 1.59 million shares traded Tuesday to close at $10.60 a share. The company reported a net loss of $14.5 million ($0.27 per share) for the fourth quarter of fiscal 2012, compared to a net loss of $4.4 million in the year ago quarter.

Find out more about The Pep Boys including full access to the free equity report at: www.BedfordReport.com/PBY

PulteGroup, Inc. (NYSE: PHM) shares increased 4.20 percent on volume of 13.14 million shares traded Tuesday to close at $18.60 a share. Shares of homebuilders received a boost Tuesday after the Commerce Department reported construction of new homes increased 7 percent to a seasonally adjusted annual rate of 1.04 million, surpassing analysts' expectations of a 1.7 percent increase.

Find out more about PulteGroup including full access to the free equity report at: www.BedfordReport.com/PHM

Red Hat, Inc. (NYSE: RHT) shares gained 4.1 percent on volume of 2.84 million shares traded to close at $51.28 a share. The company's Board of Directors has recently authorized a new stock repurchase program for as much as $300 million.

Find out more about Red Hat including full access to the free equity report at: www.BedfordReport.com/RHT

Wolverine World Wide, Inc. (NYSE: WWW) shares spiked 5.99 on nearly four times the average daily volume Tuesday to close at $47.41 a share. In its first full quarter since acquiring Collective Brands the company reported revenues doubled to $645.9 million for the first quarter of 2013.

Find out more about Wolverine World Wide including full access to the free equity report at: www.BedfordReport.com/WWW

Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. A third party, Providence Media Strategies LLC has paid Equity News Circuit five hundred dollars for the publication of this news release. Neither Equity News Circuit, nor the hiring party, has a financial relationship with any company whose stock is mentioned in this release. Neither Equity News Circuit nor the hiring party are a registered investment advisor, and nothing in this report is intended as a solicitation to buy or sell any security.

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