For a look at the issues currently facing the markets, make sure to read today�� Ahead of Wall Street article.
The Dow Jones Industrial Average (DJI) gained 1.1% to close the day at 15,460.92. The S&P 500 added 1.4% to finish yesterday�� trading session at 1,675.02. The tech-laden Nasdaq Composite Index rose 1.6% to end at 3,578.3. The fear-gauge CBOE Volatility Index (VIX) declined 1.4% to settle at 14.01. Consolidated volumes on the New York Stock Exchange, American Stock Exchange and Nasdaq were roughly 6.5 billion shares, marginally higher than 2013�� average of 6.4 billion shares. Advancing stocks outnumbered the decliners. For the 85% that advanced, only 14% declined.
Top 10 Stocks To Invest In Right Now: Legacy Reserves LP(LGCY)
Legacy Reserves LP, an independent oil and natural gas limited partnership, engages in the acquisition and development of oil and natural gas properties primarily located in the Permian Basin, Mid-Continent, and Rocky Mountain regions of the United States. As of December 31, 2010, it owned interests in producing oil and natural gas properties in 370 fields in the Permian Basin, Texas Panhandle, Wyoming, Oklahoma, and several other states; operated 2,132 gross productive wells; and owned non-operated interests in 3,227 gross productive wells, as well as had proved reserves of approximately 52.8 million barrels of crude oil equivalent. Legacy Reserves GP, LLC operates as the general partner of the partnership. Legacy Reserves LP was founded in 2005 and is headquartered in Midland, Texas.
Advisors' Opinion:- [By Robert Rapier]
Among the non-variable MLPs, the upstream MLPs had the worst performance of any subsector in 2013. The upstream group was up about 10 percent as a whole, while the Alerian MLP Index returned 28 percent. Legacy Reserves (Nasdaq: LGCY) actually returned about 14 percent for the year, well above the upstream average. But most of that gain took place in the first quarter of 2013, and then for the rest of the year units traded in a pretty tight range.
- [By Matt DiLallo]
Companies that hedge over the long-term can end up doing very well. This is really clearly seen when looking at an oil and gas MLP like Legacy Reserves (NASDAQ: LGCY ) . The following chart does a great job of showing its annual revenues with and without the impact of its hedging program:
- [By Eric Volkman]
Legacy Reserves (NASDAQ: LGCY ) has drawn more money out of the ground for its investors. The company will distribute $0.575 per share of its common stock on May 15 to holders of its common units as of May 2. This amount represents an increase of $0.005 per unit, or 3.6%, over the company's previous payout of $0.570. Before that, Legacy Reserves paid $0.565 per share.
Top 10 Stocks To Invest In Right Now: Scorpio Tankers Inc.(STNG)
Scorpio Tankers Inc. provides marine transportation of crude oil and refined petroleum products worldwide. As of April 26, 2011, it owned one LR2 tanker, four LR1 tankers, four Handymax tankers, and one post-Panamax tanker, as well as chartered one LR1 and four Handymax product tankers. The company was founded in 2009 and is based in Monaco, Monaco.
Advisors' Opinion:- [By Seth Jayson]
Scorpio Tankers (NYSE: STNG ) reported earnings on July 29. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Scorpio Tankers missed estimates on revenues and missed estimates on earnings per share. - [By Seth Jayson]
Scorpio Tankers (NYSE: STNG ) reported earnings on April 29. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Scorpio Tankers missed estimates on revenues and beat expectations on earnings per share.
Top Medical Stocks For 2014: Federal-Mogul Corporation(FDML)
Federal-Mogul Corporation supplies powertrain and safety technologies worldwide. The company?s Powertrain Energy segment offers powertrain components, such as engine pistons, piston rings, piston pins, cylinder liners, camshafts, valve seats and guides, and ignition products under the Federal-Mogul, AE, Champion, Goetze, Nural, and Daros brand names. Its Powertrain Sealing and Bearings segment provides dynamic seals, bonded piston seals, combustion and exhaust gaskets, static gaskets and seals, rigid heat shields, engine bearings, industrial bearings, bushings and washers, sintered engine and transmission components, and metallic filters, as well as polymer bearings primarily under the Federal-Mogul, Deva, Fel-Pro, FP Diesel, Glyco, Metafram, Metagliss, National, Payen, and Poral brand names. The company?s Vehicle Safety and Protection segment offers brake disc pads, brake linings, brake blocks, element resistant systems protection sleeving products, flexible heat shield s, brake system components, chassis products, windshield wipers, fuel pumps, and lighting products under the Federal-Mogul, Abex, Anco, Bentley-Harris, Beral, Champion, Ferodo, Moog, ThermoQuiet, and Wagner brands. Its Global Aftermarket segment provides aftermarket products to distributors, retail parts stores, and mass merchants who distribute these products to professional service providers and do-it-yourself consumers under the Abex, AE, ANCO, Beral, Carter, Champion, Fel-Pro, Ferodo, FP Diesel, Glyco, Goetze, MOOG, National, Necto, Nural, Payen, Sealed Power, ThermoQuiet, and Wagner brand names. The company serves original equipment manufacturers of automotive, as well as light, medium and heavy-duty commercial vehicles; and agricultural, marine, rail, aerospace, off-road, and industrial applications, as well as the aftermarket sector. The company was founded in 1899 and is headquartered in Southfield, Michigan. Federal-Mogul Corporation is a subsidiary of Icahn Enterpr ises L.P.
Advisors' Opinion:- [By Rich Smith]
Southfield, Mich.-based Federal-Mogul (NASDAQ: FDML ) already has one chief executive officer, but as the Russians like to say, "Too much is better than not enough" -- so today, the company hired another.
- [By Patrick Morris]
Honeywell (NYSE: HON ) announced today that Federal-Mogul (NASDAQ: FDML ) has agreed to purchase portions of its brake friction business in the automotive and industrial sectors for $155 million. Honeywell has more than 2,000 global employees in its Friction Material business, which is headquartered in Germany.�
Top 10 Stocks To Invest In Right Now: Solitario Exploration & Royalty Corp (XPL)
Solitario Exploration & Royalty Corp. is an exploration company. The Company is a gold producer with its development-stage Mt.Hamilton gold project in Nevada. The Company has a portfolio of royalty structured joint ventures on advanced mineral projects with partners, such as Votorantim Metais, Anglo Platinum and Newmont Mining. The Company�� advanced projects include Mt. Hamilton: gold project, the United States, Bongara: zinc-lead-silver, Peru, and Pedra Branca: platinum-palladium, Brazil. Its gold-silver exploration projects include Pachuca Real: silver-gold, Mexico and Cerro Azul: Gold-Silver, Peru. The Company�� base metal and polymetallic exploration projects include Chambara: zinc-lead-silver, Peru and La Promesa: silver-zinc-lead-indium, Peru. In December 2013, Solitario Exploration & Royalty Corp raised its interest to 23.537% from 3.233%, by acquiring a 20.304% stake in Ely Gold & Minerals Inc. Advisors' Opinion:- [By Monica Wolfe]
Solitario Exploration & Royalty (XPL)
Several insiders made significant buys this week as the company�� share price continues to dwindle beneath its all-time lows. Most notably, President and CEO Christopher Herald bought 400,000 shares. He purchased these shares at $0.84 per share for a total transaction amount of $336,000. Since this buy, the share price has increased approximately 11.9%.
Top 10 Stocks To Invest In Right Now: Renegade Petroleum Ltd (RPL)
Renegade Petroleum Ltd. (Renegade) is an exploitation and exploration focused light oil producer. Renegade's primary focus areas are located in southeast Saskatchewan in various pools, such as Bakken, Souris Valley, Frobisher, Midale and Kisby, as well as the Dodsland area of the Viking play in west-central Saskatchewan. It also has working interests in North Dakota pursuant to a farm-in agreement respecting land in Renville County that is prospective for Bakken, Threeforks/Sanish and Frobisher light oil. In addition the Company has a light oil opportunity in the Spearfish play in Manitoba. It has two geographic segments: western Canada and the State of North Dakota, the United Sates. In December 2012, the Company acquired certain strategic light oil assets. In February 2014, the Company closed the disposition of certain oil and gas assets in southeast Saskatchewan. Advisors' Opinion:- [By John Udovich]
Many American oil and gas investors are probably familiar with the major large and small cap players in the Bakken formation in North Dakota and Montana, but few American investors are probably familiar with�the active players further to the north in the�oil and gas rich Canadian provinces of Saskatchewan and Alberta�with small cap stocks like Alexander Energy Ltd (CVE: ALX), Renegade Petroleum Ltd (CVE: RPL) and Centor Energy Inc (OTCBB: CNTO) along with large cap Suncor Energy Inc (NYSE: SU) being among those�pumping out their share of noteworthy news lately. I should point out that�Canada�� oil reserves are ranked #3 after to Venezuela and Saudi Arabia with over 95% of these reserves being the controversial�oil sands of Alberta while the neighboring province of Saskatchewan (which the Bakken formation actually stretches into) along with offshore areas of Newfoundland also containing substantial production and reserves. Moreover and excluding the oil sands, Alberta would have 39% of Canada�� remaining conventional oil reserves,�followed by�offshore Newfoundland with�28% and Saskatchewan with 27%.
Top 10 Stocks To Invest In Right Now: Masimo Corporation(MASI)
Masimo Corporation, a medical technology company, develops, manufactures, and markets noninvasive patient monitoring products worldwide. The company offers Masimo Signal Extraction Technology (SET), which provides the capabilities of measure-through motion and low perfusion pulse oximetry to address the primary limitations of conventional pulse oximetry; and Masimo rainbow SET products that monitor multiple blood measurements, including oxygen content, carboxyhemoglobin, methemoglobin, hemoglobin, pleth variability index, respiration rate, Halo Index, and In Vivo Adjustment. It develops, manufactures, and markets a family of patient monitoring solutions comprising circuit boards, monitors and devices, sensors, and cables; Masimo SafetyNet, a remote monitoring and clinician notification system; and software for Rainbow measurements, as well as other future measurements or features. The company sells its products to hospitals and the emergency medical response organizations through its direct sales force and distributors, as well as to original equipment manufacturer partners in the United States, Europe, the Middle East, Asia, Latin America, Canada, and Australia. Masimo Corporation was founded in 1989 and is headquartered in Irvine, California.
Advisors' Opinion:- [By Seth Jayson]
There's no foolproof way to know the future for Masimo (Nasdaq: MASI ) or any other company. However, certain clues may help you see potential stumbles before they happen -- and before your stock craters as a result.
Top 10 Stocks To Invest In Right Now: Harmony Gold Mining Co. Ltd. (HMY)
Harmony Gold Mining Company Limited engages in the exploration, extraction, processing, and smelting of gold in South Africa and Papua New Guinea. The company has approximately 10 underground operations; and various surface operations, including an open cast mine and 9 processing plants, which are located in goldfields in the Witwatersrand basin of South Africa, as well as the Kraaipan Greenstone Belt. It also explores for silver, copper, and molybdenum through its Papua New Guinea projects. The company also owns interest in various exploration and development prospects, and 1 operating mine primarily at the Hidden Valley and Wafi Golpu projects; and a 100% interests in 3 projects, including the Mount Hagen in the Western Highlands, Amanab in the Sandaun province, and Tari in the Southern Highlands province in Papua New Guinea. As of June 30, 2012, its prospecting interest comprised 75,249 hectares in South Africa and 898,400 hectares in Papua New Guinea. Harmony Gold Mini ng Company Limited was founded in 1950 and is headquartered in Randfontein, South Africa.
Advisors' Opinion:- [By Jon C. Ogg]
Harmony Gold Mining Co. Ltd. (NYSE: HMY) was downgraded to Sell from an already cautious Neutral rating at UBS.
Mosaic Co. (NYSE: MOS) was downgraded to Underweight from Neutral at HSBC.
- [By Roland Head]
Harmony Gold Mining Company� (NYSE: HMY ) gained 4.7% to $4.62 last week, despite reporting a quarterly loss of $0.47 per share, missing a Bloomberg consensus forecast of $0.53 per share. The firm said that it will cut capital expenditure and corporate costs by a total of $200 million this year, and, while its share price fell following the results, it recovered sharply on Friday to end the week higher.
- [By Rich Duprey]
Mining operations have long been subject to the vagaries of strikes and violence in South Africa. Harmony Gold (NYSE: HMY ) suspended its operations at�Kusasalethu because of security concerns, Gold Fields (NYSE: GFI ) lost 35,000 ounces of production and had its credit rating reduced by Standard & Poor's because of labor unrest (and reduced its full-year production forecast by 200,000 ounces), and Xstrata has had to halt activity several times as a result of union violence.
Top 10 Stocks To Invest In Right Now: Osiris Therapeutics Inc.(OSIR)
Osiris Therapeutics, Inc., a stem cell company, focuses on the development and marketing of therapeutic products to treat various medical conditions in the inflammatory, autoimmune, orthopedic, and cardiovascular areas. It operates in two business segments, Therapeutics and Biosurgery. The Therapeutics segment focuses on developing biologic stem cell drug candidates from a readily available and non-controversial source, adult bone marrow. The Biosurgery segment works to harness the ability of cells and novel constructs to promote the body's natural healing. This segment focuses on developing biologic products for use in surgical procedures. The company?s lead biologic drug candidate is Prochymal, which is in phase 2 and 3 clinical trails for various indications, including acute graft versus host disease (GvHD), Crohn's disease, acute myocardial infarction, type 1 diabetes, pulmonary disease, and gastrointestinal injury resulting from radiation exposure. Its biologic drug candidates also include Chondrogen, a preparation of adult mesenchymal stem cells that is in phase 2 clinical trials for osteoarthritis and cartilage protection. The company has collaboration agreements with Genzyme Corporation for the development and commercialization of Prochymal and Chondrogen in various countries except in the United States and Canada. It also has a partnership with Juvenile Diabetes Research Foundation for the development of Prochymal as a treatment for the preservation of insulin production in patients with newly diagnosed type 1 diabetes mellitus. Osiris Therapeutics, Inc. was founded in 1992 and is headquartered in Columbia, Maryland.
Advisors' Opinion:- [By Lauren Pollock]
Osiris Therapeutics Inc.(OSIR) said Friday a proposed ruling from the Centers for Medicare and Medicaid Services won’t immediately affect reimbursements for its Grafix stem-cell product. The regenerative medicine company said Grafix will maintain its current reimbursement status — also called transitional pass-through status — potentially through late 2015.
- [By Alexander Maxwell]
One of the companies attempting to develop a better treatment for chronic diabetic foot ulcers is Osiris Therapeutics� (NASDAQ: OSIR ) . Earlier this month, Osiris shares more than doubled as the company announced positive data for its CDFU drug Grafix. The study results were very impressive to say the least; the study was stopped early due to the overwhelming efficacy exhibited by the treatment. A main highlight is the fact that 62% of Grafix patients had their wound closed at 12 weeks, compared to only 21% of patients using conventional methods. Clearly, the efficacy in this endpoint was overwhelming. Grafix also achieved all of the secondary endpoints for the trial, and more importantly demonstrated a relatively benign safety record.�
- [By Maxx Chatsko]
Additionally, stem cell therapies have remained elusive as the industry's ultimate Holy Grail. Osiris (NASDAQ: OSIR ) received Canadian approval for the world's first stem cell drug, Prochymal, for children battling acute graft-versus-host disease, or GvHD, last year. The approval meant more symbolically than to the bottom line, but it definitely put the potential of stem cells front and center for investors.
Top 10 Stocks To Invest In Right Now: Tiffany & Co.(TIF)
Tiffany & Co., through its subsidiaries, engages in the design, manufacture, and retail of fine jewelry worldwide. Its jewelry products include fine and solitaire jewelry; diamond engagement rings and wedding bands for brides and grooms; and non-gemstone, sterling silver, gold, and platinum jewelry. The company also provides timepieces, sterling silver goods, china, crystal, stationery, fragrances, personal accessories, and leather goods. Tiffany & Co. sells its products through retail sales, Internet and catalog sales, business-to-business sales, and wholesale distribution primarily in the Americas, the Asia-Pacific, and Europe. The company also sells its products through its stores, as well as through department store boutiques in Japan. As of January 31, 2011, it operated 233 TIFFANY & CO. stores and boutiques worldwide. The company was founded in 1837 and is headquartered in New York, New York.
Advisors' Opinion:- [By Rich Smith]
New York City-based Tiffany (NYSE: TIF ) is moving to Red Square.
Well, not "moving" so much as opening a new store, and not "to" Red Square so much as to the second-most famous building adjoining Moscow's most famous Square -- the mammoth GUM department store.
- [By Shauna O'Brien]
Sterne Agee reported on Thursday that it has upgraded Tiffany & Co. (TIF) to “Buy.”
The firm has lifted its rating on TIF from “Neutral” to “Buy,” and has given the company a $86 price target. This price target suggests an 11% upside from the stock’s current price of $76.
An analyst from the firm noted: ��e are upgrading TIF to Buy. The company has a highly visible margin recapture opportunity over the next 18-24 months, a rapidly growing international platform (50% of sales comping HSD) and a US business that, while lagging the past 18 months, has recently made a number of key hires and implemented several new product initiatives that should lead to improving performance over the medium-term. The recent pullback has created a compelling entry point, and we see several ways to win from here.��/p>
Tiffany shares were up $1.55, or 2.10%, during Thursday morning trading. The stock is up 31% YTD.
- [By Paul Ausick]
Big earnings movers: Tiffany & Co. (NYSE: TIF) reported better-than-expected earnings and revenues and raised its guidance slightly, but even posting a new 52-week high early could hold the stock from dropping about 1.3% today. Brown Shoe Co. Inc. (NYSE: BWS) also posted good earnings, but followed with slightly lower EPS guidance and the stock lost about 9%, trading around $21.60 in a 52-week range of $13.68 to $24.78. Another footwear maker, DSW Inc. (NYSE: DSW) put up good results and raised its guidance as well, sending shares up more than 9% to a new 52-week high of $88.73 in the mid-morning.
Top 10 Stocks To Invest In Right Now: Alliance Fiber Optic Products Inc.(AFOP)
Alliance Fiber Optic Products, Inc. engages in the design, manufacture, and marketing of a range of fiber optic components and integrated modules incorporating these components to communications equipment manufacturers and service providers in North America, Europe, and Asia. The company offers interconnect devices that are used to connect optical fibers and components; couplers and splitters that are used to divide and combine optical power; and dense wavelength division multiplexing (DWDM) devices that separate and combine multiple specific wavelengths. Its connectivity products include connectivity modules; optical connectors, adapters, and cable assemblies; fused and planar fiber optical splitters and couplers; optical tap couplers and ultra low polarization dependent loss tap couplers; amplifier wave division multiplexing (WDM) couplers; optical fixed attenuators; and fused fiber WDM couplers. The company?s optical passive products comprise filter WDMs, amplifier fil ter WDMs, DWDMs, coarse WDMs, compact coarse WDMs, add/drop DWDM filters, optical isolators, optical bypass switches, and automatic variable optical attenuators. Its products are deployed in long-haul networks that connect cities; metropolitan networks that connect areas within cities; last mile access networks that connect to individual businesses and homes; and enterprise networks within businesses. The company sells its products to communications equipment manufacturers who incorporate its products into their systems and sell them to network service providers, as well as to other component manufacturers for resale or inclusion in their products. Alliance Fiber Optic Products, Inc. was founded in 1995 and is headquartered in Sunnyvale, California.
Advisors' Opinion:- [By Alex Planes]
What: Shares of Alliance Fiber Optic Products (NASDAQ: AFOP ) have surged nearly 13% today after the company bested the Street's earnings consensus and offered strong guidance for the upcoming quarter.
- [By Michael A. Robinson]
Enter Alliance Fiber Optic Products Inc. (Nasdaq: AFOP). Basically, Alliance helps make fiber-optic technology possible for homes and businesses.
No comments:
Post a Comment