The stock market started this week off the same way it did last week -- with a pullback stemming largely from earnings-related announcements. As of 10:50 a.m. EDT, the Dow Jones Industrials (DJINDICES: ^DJI ) has fallen by 59 points, or 0.4%, while other major benchmarks are also moderately lower. Yet behind the scenes, another piece of discouraging news could have an even bigger impact on the Dow -- not just today, but in the long term as well.
On one hand, the obvious negative news for the Dow came from Caterpillar (NYSE: CAT ) , which announced lower profit, reduced capital expenditures, and guidance for future earnings that came in at the lower end of its previous range. In particular, mining-equipment sales were a sore spot for the company, as falling prices for commodities have left miners in a much more precarious financial position that won't support as many large equipment purchases. Yet with all the news from China and elsewhere in recent months pointing toward a slowdown in industrial activity, Caterpillar's news wasn't surprising, even though the stock dropped nearly 1% after initially posting gains near the open.
Top 5 Long Term Companies For 2014: Banca Carige(CRGI.MI)
Banca Carige S.p.A. engages in the banking, insurance, trustee, instrumental, and financial businesses in Italy and internationally. The company?s products and services include current accounts, free and term deposits, lending repurchase agreements, mortgages, credit cards, personal and salary backed loans, leasing, factoring services, financial instruments and currency trading, asset management, securities custody and administration, custodian services, placement of securities, receipt and issue of orders, insurance products, and collection and payment services. It operates approximately 668 branches. The company is headquartered in Genova, Italy.
Top 5 Long Term Companies For 2014: Regent Ventures Ltd. (REV.V)
Regent Ventures Ltd., a junior resource company, engages in the acquisition, exploration, and development of mineral resource and oil and gas properties in Canada and the United States. It primarily explores for gold and other precious metals. The company holds interest in the Red Mountain property, situated in the Mayo Mining District, Yukon Territory; the Owyhee property, located in north Elko County, Nevada; and an oil and gas lease located in Louisiana. Regent Ventures Ltd. was incorporated in 1986 and is based in Vancouver, Canada.
Best Freight Stocks To Invest In Right Now: Crocs Inc.(CROX)
Crocs, Inc. and its subsidiaries engage in the design, development, manufacture, marketing, and distribution of footwear, apparel, and accessories for men, women, and children. The company primarily offers casual and athletic shoes, and shoe charms. It also designs and sells a range of footwear and accessories that utilize its proprietary closed cell-resin, called Croslite. The company?s footwear products include boots, sandals, sneakers, mules, and flats. In addition, it provides footwear products for the hospital, restaurant, hotel, and hospitality markets, as well as general foot care and diabetic-needs markets. Further, the company offers leather and ethylene vinyl acetate based footwear, sandals, and printed apparels principally for the beach, adventure, and action sports markets; and accessories comprising snap-on charms. The company sells its products through the United States and international retailers and distributors, as well as directly to end-user consumers th rough its company-operated retail stores, outlets, kiosks, and Web stores primarily under the Crocs Work, Crocs Rx, Jibbitz, Ocean Minded, and YOU by Crocs brand names. As of December 31, 2010, it operated 164 retail kiosks located in malls and other high foot traffic areas; 138 retail stores; 76 outlet stores; and 46 Web stores. Crocs, Inc. operates in the Americas, Europe, and Asia. The company was formerly known as Western Brands, LLC and changed its name to Crocs, Inc. in January 2005. Crocs, Inc. was founded in 1999 and is headquartered in Niwot, Colorado.
Advisors' Opinion:- [By Paul]
They’re back! Two years ago everyone was convinced that Crocs (CROX: 23.33 0.00%) was just a fad, but their stock price exploded in 2010 gaining 206%. Revenues are expected to climb 20% this year and analysts are looking for 27% earnings growth in 2011. That type of growth could make Crocs a hot item again in 2011, especially if they can continue to top Wall Street’s estimates each quarter.
Top 5 Long Term Companies For 2014: Sennen Resources Ltd. (SN.V)
Sennen Resources Ltd. engages in the acquisition and exploration of mineral properties. It holds an option to acquire 80% interest in the La Nava-El Paredon, a sulphide mineral deposit, which consists of 1 permit covering an area of 6 square kilometers and is located to the northwest of Cordoba in the Andalucia region of southern Spain. The company is headquartered in Vancouver, Canada.
Top 5 Long Term Companies For 2014: Pericom Semiconductor Corporation(PSEM)
Pericom Semiconductor Corporation designs, develops, manufactures, and markets high performance digital, analog, and mixed-signal integrated circuits (ICs) and frequency control products (FCPs) used in electronic systems worldwide. The company?s products are used for the transfer, routing, and timing of digital and analog signals within and between computer, networking, data communications, and telecommunication systems. It offers SiliconConnect family products, including PCI and PCI-X bridges, PCI Express Bridges and packet switches, drivers, receivers, and transceivers, as well as low-voltage differential signaling products; SiliconSwitch family products comprising application-specific standard product switches, analog switches, and digital switches; SiliconInterface family products consisting of redrivers/signal conditioners, universal level shifters, lower balanced drives, application specific logic functions, 3.3-volt interface logic products, 5-volt FCT logic product s, and gates; and SiliconClock family products, such as clock buffers and zero-delay clock drivers, voltage controlled crystal oscillators, clock frequency synthesizers, and programmable clocks. The company?s FCPs include crystals that resonate at a frequency; and crystal oscillators used in various electronic devices. Its ICs and FCPs are used in various applications, such as notebook computers, servers, network switches and routers, storage area networks, digital TVs, cell phones, GPS, and digital media players. The company markets and distributes its products through a network of independent sales representatives and distributors to original equipment manufacturers and contract manufacturers in the computer, peripherals, networking, and telecommunications markets, as well as to end-user customers. Pericom Semiconductor Corporation was founded in 1990 and is headquartered in San Jose, California.
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