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Stocks Watch List: Synovus Financial Corp. (NYSE:SNV), Direxion Daily …

Stamford, CT — (SBWIRE) — 08/15/2013 — High Rising Stocks provides investors with the hot penny stock alerts on a regular basis. We will send you alerts through our Free E Newsletters with High Yielding alerts, market forecasting, stock tips and strategies, and offer you the tools to help you along the way with the goal of keeping you loyal to our service. Today’s stocks to watch are: Synovus Financial Corp. (NYSE:SNV), Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ), US Airways Group, Inc.(NYSE:LCC), Yelp Inc (NYSE:YELP)

Synovus Financial Corp. (NYSE:SNV) stock decreased 1.02% to $3.40. The company on July 22 announced the commencement of an underwritten public offering of $130 million of Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C. Synovus intends to use the net proceeds from the offering together with the proceeds of its recently announced $185 million common stock offering and internally available funds (including a $680 million dividend from its wholly owned subsidiary, Synovus Bank) to fund the redemption of all 967,870 shares of its Fixed Rate Cumulative Perpetual Preferred Stock, Series A, issued to the U.S. Treasury through the Capital Purchase Program established under the Troubled Asset Relief Program (“TARP”), for an aggregate purchase price of $967.87 million.

Is SNV A Strong At The CMP? Get Advantage Of Our Free Trend Analysis Here

Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ) stock gained 4.49% to $30.47. Direxion Daily Financial Bear 3x Shares (the Fund) seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the price performance of the Russell 1000 Financial Services Index (the Index).

Is FAZ A Good Buy After The Recent Price Movement? Find Out Here

US Airways Group, Inc.(NYSE:LCC) shares dropped 2.29% to $15.80. US Airways Group Inc and American Airlines vowed on August 14 to fight the federal government’s anti-trust lawsuit in court by arguing their proposed $11 billion merger would promote competition. The U.S. Department of Justice, six state attorneys general and the District of Columbia challenged the proposed merger on Tuesday saying the creation of the world’s largest airline that would result would stifle competition, drive up airfares and reduce services.

Should Investors Rush To Buy LCC After The Solid Rally? Get Special Report Here

Yelp Inc (NYSE:YELP) stock decreased 5.31% to $48.12. JPMorgan Chase Co. upgraded shares of Yelp from a neutral rating to an overweight rating in a research report sent to investors on August 1. The firm currently has $52.00 price target on the stock, up from their previous price target of $32.00.

Additionally, the company on July 31 announced financial results for the second quarter ended June 30, 2013. Net loss in the second quarter of 2013 was ($878,000) or $(0.01) per share, compared to a net loss of $(2.0) million, or $(0.03) per share, in the second quarter of 2012. Net revenue was $55.0 million in the second quarter of 2013, reflecting 69% growth in net revenue from the second quarter of 2012.

Can Traders Buy YELP After The Solid Rally? Get Free Trend Analysis Here

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