Ridgewater Equity Detailed Review on Western Refining Inc., Northgate Minerals Corp., Companhia Energetica de Minas Gerais, New York Community Bancorp Inc., Progressive Corp. and Vornado Realty Trust

Markets continue to show weakness. The US economic news was mixed. Jobless claims were unchanged last week but the prior week was revised up by 3,000 claims. Continuing claims came in at 5.61 million. There was some disappointing news on the housing front - mortgage delinquencies rose to 9.64%. Ridgewater Equity has recently begun technical & fundamental analysis of the following equities & their respective sectors:

1.  Western Refining Inc. (NYSE: WNR)
    Sector: Basic Materials
    Although this stock has experienced a considerable drop in the value
    from $16.30 levels to $4.72 in last one year, but...
2.  Northgate Minerals Corp. (AMEX: NXG)
    Sector: Basic Materials
    Lower realized copper prices and a significantly higher tax rate
    adversely affect the revenue and profit margin of company but we...
3.  Companhia Energetica de Minas Gerais (NYSE: CIG)
    Sector: Utilities
    Since August the stock movement is relatively flat at $15 with good
    volumes. However...
4.  New York Community Bancorp Inc. (NYSE: NYB)
    Sector: Financial
    NYB ended the last trading session at $11.71. So far the stock has hit
    a 52-week low of $7.68 and 52-week high of $14.10...
5.  Progressive Corp. (NYSE: PGR)
    Sector: Financial
    The Progressive Corporation hit a new 52-Week high of $17.50 so far
    today. Currently the stock is....
6.  Vornado Realty Trust (NYSE: VNO)
    Sector: Financial
    The scrip has been rising since third week of October but saw some
    trend violating correction in between. It has again....

Make sure you visit us at Ridgewater Equity, to take full advantage of the above research reports and be part of a growing community of savvy investors.

About Ridgewater Equity:

Ridgewater Equity inspires to bring the best from the internet under one roof, providing you with a one click option to view what the market researchers and financial pundits worldwide have to say about any particular large cap stock in any given financial environment. We have a large pool of in-house financial professionals, a wide array of research platforms and a dedicated team that combined would bring enhanced knowledge and first-hand information that would help you manage your understanding of the market. Visit us at www.ridgewaterequity.com

RidgewaterEquity.com has not received any compensation by any of the above mentioned companies.

SOURCE: Ridgewater Equity

Related terms: amex, community, copper, editors, equity, investment opinion, mortgage, new york, note, nyse, prices, profit, research, tax, utilities