CORAL SPRINGS, FL--(Marketwire - Jun 26, 2012) - FinancialNewsMedia.com "stocks to watch" for today: Ziyang Ceramics Corporation (OTCBB: ZYCI), Bank of America Corp. (NYSE: BAC), News Corporation Ltd. (NASDAQ: NWSA), Zynga Inc. (NASDAQ: ZNGA).
Potential Breakout Alert issued for ZYCI: Ziyang Ceramics Signs Ten New OEM Distribution Agreements in the Second Quarter of 2012 Collectively Requiring Minimum Sales of $1.3 Million per Month.
Ziyang Ceramics Corporation (OTCBB: ZYCI), a leading manufacturer of high quality interior porcelain tiles in China, announced after the markets closed for trading on Monday that the Company has signed 10 new distribution agreements with distributors in Shandong and Jiangsu provinces of China thus far in the second quarter of 2012. The new distribution agreements collectively call for minimum sales orders of approximately $1.3 million per month.
Under the terms of the agreements, Ziyang will provide its full line of floor and interior wall tiles to the distributors on a private label basis. The distributors will market the tiles under their own proprietary brand names. Ziyang will provide warehousing and will receive full payment for each order prior to its release from the warehouse. Ziyang received a total of approximately $160,000 from the ten distributors as a refundable cash deposit provided they meet certain minimum sales targets.
This is an encouraging achievement for Ziyang Ceramics Corporation following recent news that Bullworthy's analysts released a comprehensive Research Report last week that included a 12-18 month price target using the Bullworthy Composite Valuation Model (BCVM) of $9.25 a share. Their 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=160
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Bank of America Corp. (NYSE: BAC): Shares of Bank of America rose 1.53 percent on last Friday. The bank also announced the redemption of $3.9 billion of trust preferred securities on July 25, 2012. "This action reflects the work we've done to build record levels of capital and liquidity," said Chief Financial Officer Bruce Thompson. "We continue to look to optimize the balance sheet."
News Corporation Ltd. (NASDAQ: NWSA): Shares of News Corp. move up 2.8% in premarket trading off of reports tipping off that the company may be split in two. Liberum Capital's Ian Whittaker speculates Rupert Murdoch's motivation behind a potential spinoff of the company's publishing division is that it would enable a freed-up News Corp. to make another run at British Sky Broadcasting.
Zynga Inc. (NASDAQ: ZNGA): Shares of social media giant Facebook, and Zynga have been on the upswing over the last week, the companies have jumped 10 percent and 8 percent, respectively. Facebook just last week began running ads on Zynga's website, which could be seen as the social network's first step in creating their own ad network similar to Google's AdSense service.
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