This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Stocks to Watch: Dish, Clearwire, NV Energy, Costco

Stocks in this article: DISHCLWRSCOSTNVEBRK.APCLNAAJOY

NEW YORK -- Dish Network (DISH) raised its buyout bid for Clearwire (CLWR) to $4.40 a share, valuing the wireless network operator at $6.9 billion, and topping a bid from Sprint (S).

Dish's bid is 29% higher than Sprint's bid of $3.40 a share. Sprint owns a little more than 50% of Clearwire. Sprint raised its bid for Clearwire last week.

Clearwire's board had recommended that shareholders vote in favor of Sprint's bid before Dish's latest offer. Clearwire shareholders are meeting Friday to vote on the deal.


Berkshire Hathaway's (BRK.A) energy subsidiary MidAmerican Energy is buying Las Vegas utility NV Energy (NVE) for $23.75 a share in cash for an enterprise value of about $10 billion.

Berkshire's Warren Buffet characterized the deal as a long-term bet on Nevada's recovering economy and an investment in NV Energy's strong management team.

MidAmerican Energy will pay a 23% premium for NV Energy over Wednesday's closing price of $19.28.

Berkshire Bets on Greening Nevada in $10B NV Energy Deal


Costco (COST), the warehouse retailer, said Thursday it earned $459 million, or $1.04 a share, in its fiscal third quarter, up from year-earlier earnings of $386 million, or 88 cents a share.

Analysts were expecting Costco to post earnings of $1.03 a share.

Costco said net sales rose 8% to $23.55 billion and comparable-store sales for the quarter rose 5%.


Priceline.com (PCLN) said Wednesday it would be selling $1 billion worth of convertible notes, and subsequently using some of that money to add an additional $1 billion to its buyback program.

Priceline Rises on $1B Buyback, Debt Offering


Moody's downgraded Alcoa's (AA) credit rating into junk status on Wednesday, citing lower aluminum prices.

Moody's said difficult industry trends and decreased aluminum prices will make it hard for the aluminum giant make its credit measurements investment-grade in 2013 or 2014.


Joy Global (JOY), the maker of mining equipment, is forecast by Wall Street to report on Thursday second-quarter earnings of $1.57 a share on revenue of $1.28 billion.

5 Defensive Stocks to Protect Your Portfolio Gains

-- Written by Joseph Woelfel



>To contact the writer of this article, click here: Joseph Woelfel

>To submit a news tip, send an email to: tips@thestreet.com.

Copyright 2013 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,380.41 +263.17 1.63%
S&P 500 1,886.76 +24.00 1.29%
NASDAQ 4,258.4380 +41.0480 0.97%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs