NEW YORK (
) -- Each trading day TheStreet Ratings' stock model reviews more than 5,000 unrated common stocks available on the major U.S. exchanges for potential investment recommendations based on the latest available financial results and trading activity.
TheStreet Ratings released initial ratings on 11 U.S. common stocks in the first two weeks of August. Six of these stocks start out at 'Sell' and five earned a recommendation of 'Hold' from our stock model.
TheStreet Ratings' model coverage of
Tesla Motors Inc
(TSLA - Get Report)
began on August 3rd with an initial recommendation of 'Sell'. This company has proven that it can build ultra-cool electric vehicles that will turn heads including its original "Roadster" and new "Model S" coming in 2012. What Tesla Motors has yet to show is the ability to turn a profit as of the second quarter of 2011.
In a period described by Tesla Chairman Elon Musk as "the best quarter in Tesla's history", the company's record net loss of $58.9 million exceeded record gross revenue of $58.2 million. Third and fourth quarter revenue may come in light as potential buyers wait on Model S reviews in 2012.
Learn more about Tesla Motors:
Also starting out at 'Sell' are
Baltic Trading Ltd
Black Diamond Inc
Hudson Pacific Pptys Inc
(HPP - Get Report)
(QUAD - Get Report)
Asia Entertainment & Resources Ltd
began on August 9th with an initial recommendation of 'Hold'. $21.2 million of Asia Entertainment's $55.2 million in second quarter revenue flowed down to the bottom line as profit from its MGM Grand-Macau and Galaxy Star World Casino-Macau VIP gaming promotion operations.
The company has enough confidence in its earnings to announce a $0.10 per share semi-annual dividend and the formula the company intends to use to calculate future dividend payments of 15% of non-GAAP net income less the prior 6-month dividend divided by outstanding shares.
Learn more about Asia Entertainment & Resources:
Additional new 'Hold' recommendations include
Babcock & Wilcox Co
Furiex Pharmaceuticals Inc
Peoples Federal Bancshs Inc
Vishay Precision Group Inc
Stock model grades of A+ down to B- equate to 'Buy' recommendations with grades C+ down to C- meaning 'Hold', and D+ and lower signaling a 'Sell'.
-- Reported by Kevin Baker in Jupiter, Fla.
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