Stocks crept higher again today as the S&P 500 set another record at 1,597, coming within inches of the 1,600 milestone. The Dow Jones Industrial Average (DJINDICES: ^DJI ) , meanwhile, moved up 21 points, or 0.14%, to finish at 14,840.
Economic reports were mixed as the Chicago PMI dipped into contraction range with a rating of 49.0, hitting a three-and-a-half year low. The figure was significantly coming below projections of 52.0 and down from last month's total of 52.4. Stocks fell off after the report, but began to recover after a better-than-expected consumer confidence report came out. The Conference Board said consumers' perception of the economy jumped from 59.7 last month to 68.1 in April, well ahead of expectations of just 61.0. The recovery in home prices and record-high stocks helped lift consumer sentiment.
The two contradicting reports presented a muddled message for investors trying to decipher which direction the economy is headed.
Turning to individual stocks, Pfizer (NYSE: PFE ) tumbled 4.5% after releasing earnings this morning. The drugmaker fell off as it cut guidance and turned in an EPS of $0.54 a share, a penny below estimates. Revenue, however, was down 9% from a year ago, at $13.5 billion, missing analysts' mark by about 4%. Pfizer has struggled to overcome the expiration of its patent on Lipitor, which was the world's best-selling drug for a decade. Generic competition is also eating into margins on other Pfizer brands as the company is now cutting costs to try to grow profits, and is focusing on developing very expensive drugs for limited markets and targeting China. Pfizer cut its full-year EPS forecast by $0.06 to $2.14-$2.24, and dropped its revenue forecast as well, in part due to currency translation weakness.
10 Best Energy Stocks To Buy Right Now: American Capital Ltd.(ACAS)
American Capital, Ltd. is a private equity and venture capital firm specializing in management and employee buyouts, mezzanine, acquisition, recapitalization, middle market, and growth capital investments. The firm seeks to invest in senior debt mezzanine and equity financing for buyouts of private equity firms and direct in private and public companies. It also invests in special situations and in government. In special situations, the firm invests in troubled situations and in distressed situations. In this area, it invests in acquisitions of true turnarounds, 363 auctions, portfolio add-ons, operationally challenged companies; financings in exit, ABL loans, second lien refinance, and direct lending to distressed companies. The firm invests in manufacturing, services, and distribution companies with a special focus on energy sector. In energy production sector, the firm invests in lower risk oil and gas exploration, production and development; natural gas liquids; coal m ining and coal-fired generation; uranium mining and nuclear-fired generation; wind-powered generation; and solar-powered generation. In energy transmission sector, the firm invests in oil and gas pipelines; LNG tankers and regasification facilities; and power transmission. In energy distribution sector, it targets propane distribution; gas distribution; electricity distribution. In energy services sector, the firm invests in oil and gas services and utility services. The firm also targets investments in companies that provide services or products to federal, state or local governments. It seeks to invest in information technology, human resources/benefit administration, outsourcing, transaction processing, engineering and construction, logistics, original equipment manufacturers ? homeland security and component, after market parts and supplies, and technology. It invests as lead or participative investor. The firm and its affiliates invest from $5 million to $300 million pe r company in North America and ?5 million ($6.92520 millio! n) to ?25 million ($34.6260 million) per company in Europe. American Capital, Ltd. was founded in 1986 and is based in Bethesda, Maryland with additional offices in United States, Europe, and Asia.
Advisors' Opinion:- [By James Brumley]
The market’s starting to realize the selloff was an errant one, as DHI shares are perking up again. There’s still a ways to go before the stock’s back to where it started, though.
American Capital Ltd (ACAS)12/2 Price: $15.29
- [By Amanda Alix]
The hunt for yield has led many investors to the doorsteps of mortgage REITs and business development companies, both of which are legally required to hand over 90% of their profits to shareholders in order to enjoy special tax status. With few exceptions, such as American Capital (NASDAQ: ACAS ) , these BDCs often pay out healthy dividends, providing double-digit yields similar to many mREITs.
Top 10 Penny Stocks For 2014: Nuveen Preferred and Convertible Income Fund (JPC)
Nuveen Multi-Strategy Income & Growth Fund is a close-ended balanced mutual fund launched by Nuveen Investments Inc. The fund is co-managed by Nuveen Asset Management, Spectrum Asset Management, Tradewinds Global Investors, LLC, and Symphony Asset Management, LLC. It invests in the public equity and fixed income markets of the United States. The fund seeks to invest in the stocks of companies operating across diversified sectors. For the fixed income portfolio, it invests in the debt instruments, including high yield debt and senior loans. The fund benchmarks the performance of its portfolio against the Merrill Lynch Preferred Stock Hybrid Securities Index, Lehman Tier 1 Capital Securities Index, Merrill Lynch All U.S. Convertibles Index, and CSFB High Yield index. It was formerly known as Nuveen Preferred and Convertible Income Fund. Nuveen Multi-Strategy Income & Growth Fund was formed on March 26, 2003 and is domiciled in the United States.
Advisors' Opinion:- [By Douglas A. McIntyre]
J.C. Penney (NYSE: JPC) and the KMart and Sears divisions of Sears Holdings (NASDAQ: SHLD) are supposes to be the losers among large U.S. retailers. Their stores are too old, their brands too badly damaged, and their balance sheet too frail for either to do well in the white hot competition for holiday sales. However, their stock prices say otherwise, which means there is some expectation that they will outperform forecasts.
Top 10 Penny Stocks For 2014: Servotronics Inc.(SVT)
Servotronics, Inc., together with its subsidiaries, engages in the design, manufacture, and marketing of technology and consumer products primarily in the United States. It operates in two segments, Advanced Technology Group (ATG) and Consumer Products Group (CPG). The ATG segment designs, manufactures, and markets various servo-control components that convert an electrical current into a mechanical force or movement, and other related products. Its servo-control components include torque motors, electromagnetic actuators, hydraulic valves, pneumatic valves, and similar devices that are principally sold to commercial aerospace, missile, aircraft, government related, medical, and industrial markets. This segment also produces metallic seals in various cross-sectional configurations that are used to fit between two metal surfaces to produce a secure and leak-proof joint. The ATG segment markets its products primarily through its professional staff to the United States Govern ment, government prime contractors, government subcontractors, commercial manufacturers, and end users. The CPG segment designs, manufactures, and sells various cutlery products, including steak, carving, bread, butcher, and paring knives for household use and for use in restaurants, institutions, and private industry; pocket and other types of knives for use in hunting, fishing, and camping; and machetes, bayonets, and other types of knives for military use. This segment also produces and markets other cutlery items, such as specialty tools, putty knives, linoleum sheet cutters, field knives, and other edged products. The CPG segment markets its products through sales personnel and independent manufacturers? representatives to hardware, supermarket, variety, department, discount, gift, and drug stores, as well as to various branches of the United States Government primarily under the ?Old Hickory? and ?Queen? brand names. Servotronics, Inc. was founded in 1959 and is based in Elma, New York.
Advisors' Opinion:- [By Sofia Horta e Costa]
Severn Trent Plc (SVT) advanced 2.5 percent to 2,070 pence, snapping four days of losses. Borealis Infrastructure Management Inc. and its partners boosted their offer to acquire the water utility to 5.3 billion pounds ($8.2 billion).
- [By Sarah Jones]
Societe Generale SA, Barclays Plc and Deutsche Bank AG led a selloff in banks, with each falling more than 2 percent. Severn Trent Plc (SVT) sank the most since October 2006 after a consortium of investors dropped their bid for the water utility. Kabel Deutschland Holding AG jumped 8.2 percent after Vodafone Group Plc confirmed it approached the company about a takeover.
Top 10 Penny Stocks For 2014: Ruth's Hospitality Group Inc.(RUTH)
Ruth?s Hospitality Group, Inc., together with its subsidiaries, operates restaurants in the United States and internationally. It operates the Ruth?s Chris Steak House, Mitchell?s Fish Market, Columbus Fish Market, Mitchell?s Steakhouse, and Cameron?s Steakhouse restaurant concepts in the full-service dining industry. The company?s restaurants cater to families, special occasion diners, and business clientele. As of December 27, 2009, it owned or operated 152 restaurants, including 64 company-owned Ruth?s Chris Steak House Company restaurants, 66 Ruth?s Chris Steak House franchise restaurants, 19 company-owned Mitchell?s Fish Markets, and 3 company-owned Mitchell?s Steakhouse restaurants. The company was formerly known as Ruth?s Chris Steak House, Inc. and changed its name to Ruth?s Hospitality Group, Inc. in February 2008. Ruth?s Hospitality Group, Inc. was founded in 1965 and is headquartered in Heathrow, Florida.
Advisors' Opinion:- [By The Specialist]
Ruth's Hospitality Group, Inc. (RUTH) a leading restaurant company focused on the upscale dining segment. The Company owns the Ruth's Chris Steak House, Mitchell's Fish Market, Mitchell's Steakhouse and Cameron's Steakhouse concepts. It has over 150 restaurants including its franchises, many of which are located outside of the United States. Included in the company-owned restaurants are exactly 8 restaurants which happen to be located in the BP (BP) Economic & Property Damages Settlement Agreement gulf region geographic zones making each of them potentially eligible for a claim payment.
- [By Sally Jones]
Averaging 228% on shares bought, a high gainer in this portfolio is Ruth�� Hospitality Group Inc. (RUTH), up 81% over 12 months:
Robert Karr, Joho Capital
Top 10 Penny Stocks For 2014: Tenet Healthcare Corporation(THC)
Tenet Healthcare Corporation, an investor-owned health care services company, operates acute care hospitals and related health care facilities. The company?s general hospitals offer acute care services, operating and recovery rooms, radiology services, respiratory therapy services, clinical laboratories, and pharmacies. It also provides intensive care, critical care and/or coronary care units, physical therapy; and orthopedic, oncology, and outpatient services; tertiary care services, such as open-heart surgery, neonatal intensive care, and neuroscience; quaternary care in areas, including heart, liver, kidney, and bone marrow transplants for children; gamma-knife brain surgery; and cyberknife surgery for tumors and lesions in the brain, lung, neck, and spine. As of June 30, 2011, it operated 49 acute care hospitals, and a critical access hospital with a combined total of 13,420 licensed beds primarily serving urban and suburban communities in 11 states of the United State s. The company also owns an interest in a health maintenance organization and operate various related health care facilities, including a long-term acute care hospital and various medical office buildings; revenue cycle management and patient communications services businesses; physician practices; captive insurance companies; and other ancillary health care businesses, such as including ambulatory surgery centers, diagnostic imaging centers, and occupational and rural health care clinics. In addition, Tenet Healthcare Corporation owns an interest in a management services subsidiary that provides network development, utilization management, claims processing, and contract negotiation services to physician organizations and hospitals that assume managed care risk. Tenet Healthcare Corporation was founded in 1967 and is headquartered in Dallas, Texas.
Advisors' Opinion:- [By Roberto Pedone]
One healthcare player that insiders are snapping up a huge amount of stock in here is Tenet Healthcare (THC), which mainly operates acute care hospitals, ambulatory surgery centers, diagnostic imaging centers and related health care facilities. Insiders are buying this stock into solid strength, since shares have spiked higher by 26% in 2013.
Tenet Healthcare has a market cap of $4.07 billion and an enterprise value of $9.8 billion. This stock trades at a reasonable valuation, with a forward price-to-earnings of 15.19. Its estimated growth rate for this year is 2.3%, and for next year it's pegged at 52.5%. This is not a cash-rich company, since the total cash position on its balance sheet is $82 million and its total debt is a whopping $5.82 billion.
A beneficial owner just bought 248,910 shares, or about $9.9 million worth of stock, at $39.79 per share. This same beneficial owner also just bought 644,582 shares, or about $25.74 million worth of stock, at $39.78 per share.
From a technical perspective, THC is currently trending below both its 50-day and 200-day moving averages, which is bearish. This stock has been downtrending over the last two months, with shares moving lower from its high of $48.48 to its recent low of $38.71 a share. During that downtrend, shares of THC have been making mostly lower highs and lower lows, which is bearish technical price action.
If you're bullish on THC, then I would look for long-biased trades as long as this stock is trending above its recent low of $38.71, and then once it breaks out above some near-term overhead resistance $41.32 a share with high volume. Look for a sustained move or close above that level with volume that hits near or above its three-month average volume of 1.91 million shares. If that breakout hits soon, then THC will set up to re-test or possibly take out its next major overhead resistance levels at its 50-day of $42.99 to its 200-day at $43.50 a share. Any hig
- [By Ben Levisohn]
Christmas is here, which means that the traders aren’t. But stocks are still hitting new highs–if barely–as Caterpillar (CAT), Exxon Mobil (XOM), Tenet Healthcare (THC), Cliffs Natural Resources (CLF) and US Steel (X) rise.
Top 10 Penny Stocks For 2014: ENSCO plc(ESV)
Ensco plc, together with its subsidiaries, provides offshore contract drilling services to the oil and gas industry. The company engages in the drilling of offshore oil and natural gas wells by providing its drilling rigs and crews under contracts with international, government-owned, and independent oil and gas companies. As of February 15, 2010, it owned and operated 42 jackup rigs, 4 ultra-deepwater semisubmersible rigs, and 1 barge rig. The company also has 4 ultra-deepwater semisubmersible rigs under construction. It operates in Asia, the Middle East, Australia, New Zealand, Europe, Africa, and North and South America. The company was formerly known as Ensco International plc and changed its name to Ensco plc in March 2010. Ensco plc was founded in 1975 and is based in London, the United Kingdom.
Advisors' Opinion:- [By Ben Levisohn]
Diamond Offshore (DO) is scheduled to report its earnings following the close today, followed by Noble (NE) and Ensco (ESV) at the end of the July, and Transocean (RIG) and Rowan (RDC) in August.
- [By Ben Levisohn]
Noble (NE), Transocean (RIG), Ensco (ESV), and Diamond Offshore (DO) are asking themselves that question. While�Transocean has 8 floaters stacked, they have not stacked a rig in over a year (sort of) ��that may soon change. More recently both Diamond Offshore (Q3) and Ensco (Q2) have taken write downs and starting the stacking/scrapping process.
Top 10 Penny Stocks For 2014: LifePoint Hospitals Inc.(LPNT)
LifePoint Hospitals Inc., through its subsidiaries, operates general acute care hospitals in non-urban communities in the United States. The company?s hospitals provide a range of medical and surgical services comprising general surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, rehabilitation services, and pediatric services, as well as specialized services, such as open-heart surgery, skilled nursing, psychiatric care, and neuro-surgery. Its hospitals also offer outpatient services, including one-day surgery, laboratory, x-ray, respiratory therapy, imaging, sports medicine, and lithotripsy. As of December 31, 2009, LifePoint Hospitals owned or leased 47 hospitals with a total of 5,552 licensed beds in 17 states. The company was founded in 1997 and is headquartered in Brentwood, Tennessee. Lifepoint Hospitals Inc. (NasdaqNM:LPNT) operates independently of HCA Inc. as of May 11, 1999.
Advisors' Opinion:- [By Ben Levisohn]
Yesterday afternoon, Pennsylvania announced that it would use federal dollars to pay private insurers to cover eligible Pennsylvanians. UBS analysts A.J. Rice and Jailendra Singh think Community Health Systems (CYH), Tenet Healthcare (THC) and LifePoint Hospitals (LPNT) stand to benefit the most from the deal:
- [By Keith Speights]
The fun wasn't just limited to the big three hospital operators. Lifepoint Hospitals (NASDAQ: LPNT ) stock jumped 5% on the CMS news, reflecting a $109 million market cap expansion. Likewise, Vanguard Health Systems (NYSE: VHS ) shares climbed 5%, bumping its market cap up by�$55 million.
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