Diamonds and Dogs
7/8/14Macquarie Infrastructure (MIC)
On a day were the Dow slipped below 17,000, Macquarie Infrastructure stock reached their 52-week high of $68.41 up 11.31%. The American Infrastructure Company is flying higher than ever today due to their acquisition of the other 50% of International-Matex Tank Terminals that MIC did not previously own. It was a $1.25 billion acquisition for Macquarie Infrastructure and their quarterly dividend increased 1.3% to .95 a share. This encouraging acquisition for MIC only added to the stock's long-term prospects and analysts still rate it as a "buy".
Delta Air Lines Inc. (DAL)
As of today, shares of Delta Air Lines Inc. (DAL) are on a downward spiral -5.24% to $34.97. Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo worldwide. The reason for the free fall in percentage is because of the cutting back on 85% of flights due to currency disputes. Despite the depressing day for Delta Air Lines Inc. (DAL) the company shows tremendous upside and could be profitable for any investor in the long run because of its impressive numbers in the categories of return on equity, earnings growth, and net income growth.