Tag Archives: CRESY

investment risk

President Trump plans to unveil his new tax plan on Wednesday.

Sources tell CNN he may propose slashing the top corporate rate from 35% to 15% — as he proposed during the campaign.

Such a dramatic change would likely set up a clash with Republican leaders on Capitol Hill.

Here’s why: Republican leaders are eager to cut corporate taxes, but for various reasons they don’t want to add to the country’s debt. And a 15% corporate rate could drive up deficits by a lot.

For example, the Tax Policy Center estimated in November that Trump’s 15% proposal, coupled with a repeal of the corporate Alternative Minimum Tax, could reduce revenue by nearly $2.4 trillion in the first decade.

To put that in context, that’s about $240 billion a year — which is almost as much as the $304 billion the government spent last year on income security programs such as food stamps, unemployment benefits and child nutrition.

The cost could jump to nearly $4 trillion if Trump also chooses to extend the 15% rate to so-called pass-through businesses, which include everything from small businesses to big law firms and investment partnerships. Th e owners and shareholders of those businesses pay a top rate of 39.6% today.

investment risk: Limelight Networks Inc.(LLNW)

Advisors’ Opinion:

  • [By Lisa Levin] Related Chardan Analyst Suggests An AveXis-Ionis Pair Trade Why The Biogen-Ionis News Is A Boon For AveXis AveXis' (AVXS) CEO Sean Nolan on Q4 2016 Results – Earnings Call Transcript (Seeking Alpha) Related CLBS Earnings Scheduled For March 17, 2017 15 Biggest Mid-Day Gainers For Thursday Caladrius Biosciences beats by $0.07, beats on revenue (Seeking Alpha) Gainers Caladrius Biosciences Inc (NASDAQ: CLBS) shares rose 20.2 percent to $6.13 in pre-market trading after the company reported a narrower-than-expected quarterly loss. Arbutus Biopharma Corp (NASDAQ: ABUS) rose 12.3 percent to $3.20 in pre-market trading after the company disclosed that it has licensed LNP delivery technology to Alexion Pharmaceuticals, Inc. (NASDAQ: ALXN) for use in single messenger RNA product candidate. AveXis Inc (NASDAQ: AVXS) rose 12.2 percent to $81.66 in pre-market trading after the company reported topline data from Phase 1 trial of AVXS-101. TOP SHIPS Inc (NASDAQ: TOPS) shares rose 10.5 percent to $2.43 in pre-market trading after surging 109.52 percent on Thursday. ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) rose 9.8 percent to $17.45 in pre-market trading after declining 0.44 percent on Thursday. Sino-Global Shipping America, Ltd. (NASDAQ: SINO) rose 8.3 percent to $3.38 in pre-market trading after climbing 23.81 percent on Thursday. Diana Containerships Inc (NASDAQ: DCIX) rose 7.6 percent to $2.99 in pre-market trading after surging 12.55 percent on Thursday. Steel Dynamics, Inc. (NASDAQ: STLD) rose 5.2 percent to $37.25 in pre-market trading. Steel Dynamics expects Q1 earnings of $0.77 to $0.81 per diluted share. The company also declared a quarterly cash dividend of $0.1550 per common share. Adobe Systems Incorporated (NASDAQ: ADBE)

investment risk: Cresud S.A.C.I.F. y A.(CRESY)

Advisors’ Opinion:

  • [By Cameron Swinehart]

    Cresud (CRESY) –

    An Argentinean based agriculture company that currently owns roughly 2.4 million acres of farmland in Argentina, Brazil, Paraguay and Bolivia. CRESY produces a variety of crops consisting of soybeans, corn, and sugarcane. It also has operations in beef cattle and milk production. In the second quarter, Cresud sold 4 of its farms for roughly $60.5 million and saw large gains in its farmland development business. CRESY is currently trading down roughly 60% from its highs back in late 2010. Many farming companies have struggled to release value for shareholders with the drop in crop prices but now many are beginning to see value with the sale of farmland.

investment risk: Castlight Health, inc.(CSLT)

Advisors’ Opinion:

  • [By Todd Campbell]

    Castlight Health (NYSE:CSLT)share price climbed 13.2% Wednesday after an SEC filing revealed that Maverick Capital had significantly boosted its stake in the company to 10.6%.

investment risk: FMC Technologies, Inc.(FTI)

Advisors’ Opinion:

  • [By Matthew DiLallo]

    Following a series of M&A announcements in the oilfield-services sector since the onset of the oil market downturn, French oil-field service company Technip and U.S. oilfield equipment company FMC Technologies (NYSE:FTI) hooked up in an all-stock deal valuing the combined company at $13 billion. Shareholders of each company will own 50% of the combined entity, to be named TechnipFMC, which implies a roughly $6.5 billion acquisition valuation for each entity. The transaction, which should close early next year, will “combine Technip’s innovative systems and solutions, state-of-the-art assets, engineering strengths, and project management capabilities with FMC Technologies’ leading technology, manufacturing, and service capabilities.” Further, it should save $400 million in annual costs by 2019. Moreover, it will enable the combined company to compete better against larger oil-field service rivals Baker Hughes (NYSE:BHI), Halliburton (NYSE:HAL), and Schlumberger (NYSE:SL B), which have all gained strength during the downturn either through M&A activities or cost savings initiatives.

investment risk: Frontier Communications Corporation(FTR)

Advisors’ Opinion:

  • [By Paul Ausick]

    Frontier Communications Corp. (NASDAQ: FTR) dropped about 4.5% Thursday to post a new 52-week low of $1.26 after closing Wednesday at $1.32. The 52-week high is $5.42. Volume of around 35 million shares was about 35% below the daily average of around 49 million. The company had no specific news.

  • [By Matthew Argersinger]

    My award for most entertaining pitch at this year’s Sohn conference definitely goes to Josh Resnick, the founder and managing partner of Jericho Capital. Resnick pinpointed Frontier Communications (NASDAQ:FTR) as a walking dead “carcass” of a company that’s destined to go to $0. Yes, Resnick and Jericho are short the company betting it will go down.

  • [By Paul Ausick]

    Frontier Communications Corp. (NASDAQ: FTR) dropped about 5.6% on Monday to record a new 52-week low of $2.71 against a high of $5.85. The stock closed at $2.87 on Friday. Volume was about 70% above the daily average of around 24 million shares. The company had no specific news Monday.

  • [By Chris Lange]

    The S&P 500 stock posting the largest daily percentage loss ahead of the close Thursday was Frontier Communications Corp. (NASDAQ: FTR) which traded down nearly 16% at $14.35. The stocks 52-week range is $13.13 to $74.70. Volume was about 6.6 million versus the daily average of 2.8 million shares.

  • [By Chris Lange]

    The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was Frontier Communications Corp. (NASDAQ: FTR) which traded down about 9.8% at $1.29. The stocks 52-week range is $1.29 to $5.53. Volume was 74.0 million versus the daily average of 48.5 million shares.

  • [By Ben Levisohn]

    Frontier Communications (FTR) sunk to the bottom of the S&P 500 today.

    Getty Images

    Frontier Communicationsdropped 4.7% to $2.41, while the S&P 500 declined 0.3% to 2,365.45.

    Why did Frontier sink today? There’s no news that I’ve been able to find, so let’s blame the Federal Reserve, which is widely expected to hike interest rates tomorrow. Frontier is primarily known for paying a hefty dividend–it now tops 17%–and dividends tend to fall out of favor when interest rates rise. (Utilities, however, dropped just 0.1% today, so maybe that theory is bunk.)

    Frontier Communications was the biggest loser last week when it dropped 5.1% after getting cut toNeutral from Buy at BofA Merrill Lynch. It was a string of events that began with Frontier’s earnings on Feb. 28, earnings that led Wells Fargo to opine that the company was still a “show me story.”

    Frontier Communications’ market capitalization fell to $2.8 billion today from $3 billion yesterday. It reported a net lossof $376 million on sales of $8.9 billion in 2016.

dow stock

Exxon Mobil and Hess estimate that a deeper reservoir directly below their previously discovered Liza Field on the Stabroek block off the coast of Guyana could contain 100 million to 150 million barrels of oil equivalent. (Photo by Samir Tounsi/AFP/Getty Images)

Exxon Mobil Corp. (NYSE:XOM) and Hess Corp. released some good news Thursday, Jan. 12, saying they had booked positive results from their Payara-1 well on the Stabroek block off the coast of Guyana. While neither company would say how much oil they think the discovery may contain, they estimated that a deeper reservoir directly below their previously discovered Liza Field on the block could hold 100 million to 150 million barrels of oil equivalent. At today’s oil prices, that would be worth around $7 trillion.

dow stock: Envision Healthcare Holdings, Inc.(EVHC)

Advisors’ Opinion:

  • [By Ben Levisohn]

    Even on a day like today, somebody had to be the worst performer in the S&P 500, and today that somebody is Envision Healthcare (EVHC), which missed earnings forecasts last night.

  • [By Lisa Levin]

    Envision Healthcare Holdings Inc (NYSE: EVHC) shares shot up 211 percent to $70.15. Envision Healthcare and Amsurg Corp (NASDAQ: AMSG) reported the completion of their merger.

dow stock: V.F. Corporation(VFC)

Advisors’ Opinion:

  • [By Leo Sun]

    VF Corp. (NYSE:VFC) owns a massive portfolio of apparel companies, including The North Face, Timberland, Wrangler, Lee, and Vans. It’s raised its dividend annually for over four decades — making it an elite “dividend aristocrat” which has boosted its payout for at least 25 straight years. VF currently pays a forward yield of 3.1%, which is supported by a payout ratio of 55%. The stock trades at 21 times earnings.

  • [By Ben Levisohn]

    Today, the Wall Street Journal reported that Kate Spade & Co is considering a sale of the company, following pressure from activist investors given the volatile performance ever since Kate Spade became a mono brand company over 2 years ago. The article cites thatKate Spade has hired an investment bank and has reached out to possible buyers (including other retailers) althoughKate Spade has not responded. This comes at a time when brand houses like VF Corp. (VFC), PVH Corp. (PVH), Hanesbrands (HBI), Michael Kors Holdings (KORS), and Coach have said they are looking to make a branded acquisition, andKate Spade could be one of the strongest candidates. While other brands are seeing negative comps, pulling back on wholesale exposure or restructuring,Kate Spade continues to grow.

  • [By Jeremy Bowman]

    The North Face, in particular, seems like a cautionary tale. The outdoor gear and apparel maker had its IPO in 1996. By 1999 sales were falling and the company put up a $100 million loss. In 2000,VF Corporation(NYSE:VFC) acquired it for just $25.4 million, despite $238 million in sales and a once-popular brand. Today, under the guidance of VF Corp, The North Face now has more than $2 billion in annual sales.

dow stock: Cresud S.A.C.I.F. y A.(CRESY)

Advisors’ Opinion:

  • [By Cameron Swinehart]

    Cresud (CRESY) –

    An Argentinean based agriculture company that currently owns roughly 2.4 million acres of farmland in Argentina, Brazil, Paraguay and Bolivia. CRESY produces a variety of crops consisting of soybeans, corn, and sugarcane. It also has operations in beef cattle and milk production. In the second quarter, Cresud sold 4 of its farms for roughly $60.5 million and saw large gains in its farmland development business. CRESY is currently trading down roughly 60% from its highs back in late 2010. Many farming companies have struggled to release value for shareholders with the drop in crop prices but now many are beginning to see value with the sale of farmland.

dow stock: Isle of Capri Casinos Inc.(ISLE)

Advisors’ Opinion:

  • [By Lee Jackson]

    Isle of Capri Casinos Inc. (NASDAQ: ISLE) had the president of the company selling some stock. Arnold Block parted with 63,648 shares of the gaming company at $26.20 per share. The total for the sale cameto $2 million. He was joined by CEO Eric Hausler and the chief legal officer, Edmund Quatmann, who together sold 163,949 shares forbetween $26.02 and $26.26. Their trades totaled $4 million.The shares closed on Friday at $25.45, so well-timed trades indeed.The 52-week trading range is $13.01 to $26.89, and the consensus price objective is $23.

  • [By Lisa Levin]

    Isle of Capri Casinos (NASDAQ: ISLE) shares shot up 30 percent to $22.03. Eldorado Resorts, Inc. (NYSE: ERI) and Isle of Capri Casinos, Inc. struck a merger deal through which the former would buy the latter for $23 a share in cash or 1.638 shares.

  • [By Lisa Levin]

    Isle of Capri Casinos (NASDAQ: ISLE) reported better-than-expected earnings for its fourth quarter on Tuesday.

    The company posted adjusted earnings of $0.62 per share on revenue of $264.9 million. However, analysts were expecting earnings of 0.54 per share on revenue of $266.8 million.

dow stock: Nektar Therapeutics(NKTR)

Advisors’ Opinion:

  • [By Ben Levisohn]

    Nektar Therapeutics (NKTR) has soared 21% to $18.80 after positive results from a pain-killer trial.

    Tiffany (TIF) has gained 1.6% to $93.90 after getting upgraded to Outperform from Market Perform at William Blair.

  • [By Lisa Levin]

    Shares of Nektar Therapeutics (NASDAQ: NKTR) got a boost, shooting up 38 percent to $21.33 after the company reported that it has met its primary and secondary endpoints in Phase 3 Summit-07 study for chronic pain.

  • [By Todd Campbell]

    Nektar Therapeutics (NASDAQ:NKTR) is an intriguing commercial-stage biotech company that’s just reported positive late-stage trial results for its pain-busting drug NKTR-181. However, shares have jumped on the news, and the company’s market cap has swollen to more than $3 billion. Is there more running room left for its investors?

dow stock: KeyCorp(KEY)

Advisors’ Opinion:

  • [By Ben Levisohn]

    We believe investors should continue to own three types of bank stocks: “Return of Capital (RC) Stocks”, “Risk On (RO) Stocks”, and “Multiple Revaluation (MR) Stocks.” RC stocks include M&T Bank (MTB), PNC Financial Services Group (PNC), and SunTrust Banks (STI); RO stocks include Bank of America, Popular (BPOP), Citigroup, JPMorgan, and KeyCorp (KEY); and MR stocks include BB&T (BBT) and PNC Financial Services Group (PNC).

  • [By Craig Jones]

    On CNBC's Fast Money Halftime Report, Jon Najarian said he noticed big options volume in the December weekly, 18 strike calls in KeyCorp (NYSE: KEY). He decided to follow the trade and he is going to hold the position for 1 to 2 days.

  • [By WWW.THESTREET.COM]

    On the show’s “Lightning Round” segment, Jim Cramer was bullish on Penn National Gaming (PENN) , KeyCorp (KEY) and TherapeuticsMD (TXMD) .

    Quiet Breakups

stock market today chart

The recently released weak economic data, which also includes lower-than-expected jobs report, played a major role in reducing rate hike chances. This in turn boosted the debt-dependent utility sector. Like the stocks, ETFs with significant exposure to this sector also gained from this favorable scenario.

Weak Data Lowers Rate Hike Chances

Weaker-than-expected August jobs data, the ISM Manufacturing Index and ISM Services index lowered rate hike possibilities. The August non-farm payroll reading of 151,000 was below the estimated 180,000 and the upwardly revised prior-month reading of 275,000. The August job number was the lowest in four months. Average hourly earnings on private non-farm payrolls grew only 0.1%, witnessing the weakest pace of growth since March. Also, the average work week of 34.3 hours was the lowest in more than two years.

Separately, the ISM Manufacturing Index dropped to 49.4 in August from 52.6 in July, indicating that the manufa cturing sector contracted last month. In fact, the index entered the zone for the first time since February. Meanwhile, ISM Services index fell from 55.5% in July to 51.4% in August. Though the reading showed that the sector expanded last month, the pace of growth significantly declined. Non-manufacturing activity posted its slowest growth since early 2010.

stock market today chart: Navidea Biopharmaceuticals, Inc.(NAVB)

Advisors’ Opinion:

  • [By Monica Gerson]

    Navidea Biopharmaceuticals Inc (NYSE: NAVB) shares rose 8.80 percent to $0.950 in pre-market trading as the company reported an unsolicited offer to refinance CRG loan.

stock market today chart: Energy Focus, Inc.(EFOI)

Advisors’ Opinion:

  • [By Lisa Levin]

    Shares of Energy Focus Inc (NASDAQ: EFOI) were down 40 percent to $7.95 after the company reported weaker-than-expected Q4 results.

    Omega Protein Corporation (NYSE: OME) was down, falling around 20 percent to $17.47 after the company reported weaker-than-expected results for its fourth quarter.

stock market today chart: Cresud S.A.C.I.F. y A.(CRESY)

Advisors’ Opinion:

  • [By Cameron Swinehart]

    Cresud (CRESY) –

    An Argentinean based agriculture company that currently owns roughly 2.4 million acres of farmland in Argentina, Brazil, Paraguay and Bolivia. CRESY produces a variety of crops consisting of soybeans, corn, and sugarcane. It also has operations in beef cattle and milk production. In the second quarter, Cresud sold 4 of its farms for roughly $60.5 million and saw large gains in its farmland development business. CRESY is currently trading down roughly 60% from its highs back in late 2010. Many farming companies have struggled to release value for shareholders with the drop in crop prices but now many are beginning to see value with the sale of farmland.

stock market today chart: Insulet Corporation(PODD)

Advisors’ Opinion:

  • [By Brian Feroldi]

    Shares of Insulet Corporation(NASDAQ:PODD), a medical device company primarily focused on diabetes,rose by as much as 11% in afternoon trading on Friday.

stock market today chart: Minerva Neurosciences, Inc(NERV)

Advisors’ Opinion:

  • [By Lisa Levin]

    Minerva Neurosciences Inc (NASDAQ: NERV) shares shot up 194 percent to $10.39 after the company revealed positive top line results from a prospective Phase IIb, 12-week, randomized, double-blind, placebo-controlled parallel clinical study evaluating the efficacy, safety and tolerability of MIN-101 in patients with negative symptoms of schizophrenia.

Top 10 Bank Stocks To Invest In 2017

Yes, it’s a rhetorical question, but Federal Reserve Chief Janet Yellen really isn’t doing financial stocks any favors. While her dovish comments today have proppelled the stock market to decent gains, financial stocks have not reacted with the same type of vigor.

Getty Images

The Financials Select Sector SPDR ETF (XLF) is little changed at $22.38 at 3:06 p.m. today, even as the SPDR S&P 500 ETF (SPY) has gained 0.8% to $204.98. The SPDR KBW Bank ETF (KBE), meanwhile, has dropped 0.4% to $30.23, pulled down by Bank of America’s (BAC) 2% fall to $13.35 and Wells Fargo’s (WFC) 1.5% decline to $47.07.

As we’ve written many times before, financial stocks–and banks in particular–need higher interest rates so they can make more money on the loans they make. Instead, low rates will continue to act as a headwind for financial institutions already struggling to be as profitable as they were in the past.

Top 10 Bank Stocks To Invest In 2017: Corning Incorporated(GLW)

Advisors’ Opinion:

  • [By Laurie Kulikowski]

    CORNING INC has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. This company has reported somewhat volatile earnings recently. We feel it is likely to report a decline in earnings in the coming year. During the past fiscal year, CORNING INC increased its bottom line by earning $1.73 versus $1.34 in the prior year. For the next year, the market is expecting a contraction of 20.2% in earnings ($1.38 versus $1.73).

     

  • [By Laurie Kulikowski]

    GLW, with its decline in revenue, underperformed when compared the industry average of 1.7%. Since the same quarter one year prior, revenues fell by 10.6%. Weakness in the company’s revenue seems to have hurt the bottom line, decreasing earnings per share.

     

  • [By Dividend]

    Here are some of the highest yielding stocks:

    Corning (GLW) has a market capitalization of $21.38 billion. The company employs 28,700 people, generates revenue of $8.012 billion and has a net income of $1.728 billion. Cornings earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $2.465 billion. The EBITDA margin is 30.77 percent (the operating margin is 16.16 percent and the net profit margin 21.57 percent).

  • [By Laurie Kulikowski]

    The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. When compared to other companies in the Electronic Equipment, Instruments & Components industry and the overall market, CORNING INC’s return on equity is below that of both the industry average and the S&P 500.

     

Top 10 Bank Stocks To Invest In 2017: Timken Company (The)(TKR)

Advisors’ Opinion:

  • [By Mike Deane]

    On Thursday, Timken Co. (TKR) announced that its board of directors has approved a plan to separate the company’s steel business from its bearing and power transmission business.

    The separation will create two publicly-traded companies, with the steel company anticipating annual revenue of $1.7 billion, and the bearing and power transmission company having estimated annual revenue of $3.4 billion.

    The company anticipates that the split of TKR will be tax-free for all shareholders, and expects the separation to be completed within 12 months.

    TKR’s shares were up $1.79, or 3.06%, at market close on Thursday. YTD, the stock is up more than 19%.

  • [By Shauna O’Brien]

    Jefferies announced on Monday that it has raised its price target on The Timken Company (TKR).

    The firm has increased its price target on TKR from $65 to $73. This new price target suggests a 16% upside from the stock’s current price of $61.55.

    Analyst Stephen Volkmann noted: “We are increasing our estimates and price target based on the anticipation of a more aggressive share repurchase program over the next year.”

    “With strong cash flow generation, untapped balance sheet liquidity and potential upside from a cyclical recovery we believe there is additional value for shareholders that has yet to be recognized,” added the analyst.

    Looking ahead, the firm has raised its outlook for the third quarter from 90 cents to 92 cents per share. For FY2013, earnings estimates have been increased from $3.70 to $3.75 per share. FY2014 estimates have been raised from $4.30 to $4.60 per share.

    Timken shares were mostly flat during Monday morning trading. The stock is up 29% YTD.

  • [By WWW.THESTREET.COM]

    Timken (TKR) was downgraded to neutral from buy at Bank of America/Merrill Lynch. $40 price target. The valuation is less attractive, as the stock is up 35% year-to-date, analysts said. 

Top 10 Bank Stocks To Invest In 2017: Herman Miller, Inc.(MLHR)

Advisors’ Opinion:

  • [By Monica Gerson]

    Herman Miller, Inc. (NASDAQ: MLHR) is projected to post its quarterly earnings at $0.39 per share on revenue of $544.40 million.

    Ctrip.com International, Ltd. (ADR) (NASDAQ: CTRP) is estimated to post a quarterly loss at $0.09 per share on revenue of $2.81 billion.

Top 10 Bank Stocks To Invest In 2017: Baidu Inc.(BIDU)

Advisors’ Opinion:

  • [By Vincent Ho]

    Baidu (BIDU) has made impressive gains in the last 3 months. There are some very insightful articles on SA that argue for a bullish stance based on valuations. There are other articles on SA which cover the recent acquisition of 91 Wireless. This article is different in that it offers an overview of Baidu’s business model in relation to its dependence on online advertising. Understanding the direction of the internet is important to predict future revenue growth. Significantly new competition from Qihoo (QIHU) is also something Baidu has never experienced before. There are doubts if Baidu has enough tools to clean up its act and regain market share.

  • [By Charles Carlson, CEO and Portfolio Manager, Horizon Investment Services]

    One of my favorites is Baidu (BIDU), the Chinese search-engine company. You may recall I selected Baidu as one of my favorite turnaround stocks at the beginning of 2013.

  • [By Benzinga News Desk]

    USA GDP (QoQ) for Q3 2.90% vs 2.50% consensus estimate. The prior reading was 1.40%.

    The University of Michigan's consumer sentiment index for October will be released at 10:00 a.m. ET. The Baker Hughes North American rig count for the latest week is schedule for release at 1:00 p.m. ET. BZ News Desk Focus ExxonMobil (NYSE: XOM) Reports Q3 EPS $0.63 vs $0.58 Est., Sales $58.68B vs $61B Est. Mastercard (NYSE: MA) Reports Q3 EPS $1.08 vs $0.98 Est., Sales $2.9B vs $2.75B Est. Amazon (NASDAQ: AMZN) Reports Q3 GAAP EPS $0.52 vs. Est. $0.78 May Not Compare, Rev. $32.7B vs. Est. $32.69B Baidu (NASDAQ: BIDU) Reports Q3 Adj. EPS $1.49 May Not Compare to $0.88 Est., Sales $2.74B vs $2.71B Est. Alphabet (NASDAQ: GOOGL) Reports Q3 EPS $9.06 vs. Est. $8.64, Rev. $22.45B vs. Est. $22.05B Phillips 66 (NYSE: PSX) Reports Q3 Adj. EPS $1.05 vs $0.88 Est. Anheuser-Busch (NYSE: BUD) Reports Q3 EPS $0.83 vs $1.08 Est; Revenue $11.109B vs $11.50B Est Hershey (NYSE: HSY) Reports Q3 Adj. EPS $1.29 vs $1.19 Est., Sales $2B vs $2B Est. Amgen (NASDAQ: AMGN) Reports Q3 non-GAAP EPS $3.02 vs $2.79 Est, Rev $5.8B vs $5.73B Est Xerox (NYSE: XRX) Reports Q3 Adj. EPS $0.27, Inline, Sales $4.2B vs $4.31B Est. Sell-Side Themes

    World Wrestling Entertainment (NYSE: WW) received a pair of downgrades after its earnings report came in below estimates.

  • [By Javier Hasse]

    The top gainers in the index were:

    Baidu Inc (ADR) (NASDAQ: BIDU), up 8.16 percent Whole Foods Market, Inc. (NASDAQ: WFM), up 5.95 percent

    The top losers in the index were:

Top 10 Bank Stocks To Invest In 2017: SBA Communications Corporation(SBAC)

Advisors’ Opinion:

  • [By Paul R. La Monica]

    And the infrastructure fund has stakes in cell phone tower owners Crown Castle (CCI) and SBA Communications (SBAC), as well as giant British gas and electric utility National Grid (NGG).

Top 10 Bank Stocks To Invest In 2017: Container Store (The)(TCS)

Advisors’ Opinion:

  • [By Monica Gerson]

    Container Store Group Inc (NYSE: TCS) is expected to post its quarterly earnings at $0.21 per share on revenue of $230.53 million.

    J & J Snack Foods Corp (NASDAQ: JJSF) is estimated to post its quarterly earnings at $0.78 per share on revenue of $231.58 million.

Top 10 Bank Stocks To Invest In 2017: Valhi Inc.(VHI)

Advisors’ Opinion:

  • [By Lisa Levin]

    In trading on Thursday, basic materials shares slipped by 0.61 percent. Meanwhile, top losers in the sector included Valhi, Inc. (NYSE: VHI), down 13 percent, and LSB Industries, Inc. (NYSE: LXU), down 7 percent.

Top 10 Bank Stocks To Invest In 2017: Cresud S.A.C.I.F. y A.(CRESY)

Advisors’ Opinion:

  • [By Cameron Swinehart]

    Cresud (CRESY) –

    An Argentinean based agriculture company that currently owns roughly 2.4 million acres of farmland in Argentina, Brazil, Paraguay and Bolivia. CRESY produces a variety of crops consisting of soybeans, corn, and sugarcane. It also has operations in beef cattle and milk production. In the second quarter, Cresud sold 4 of its farms for roughly $60.5 million and saw large gains in its farmland development business. CRESY is currently trading down roughly 60% from its highs back in late 2010. Many farming companies have struggled to release value for shareholders with the drop in crop prices but now many are beginning to see value with the sale of farmland.

Top 10 Bank Stocks To Invest In 2017: CenturyLink, Inc.(CTL)

Advisors’ Opinion:

  • [By Ben Levisohn]

    The 20 stocks meeting those requirements are: Ralph Lauren (RL), Time Warner(TWX), Twenty-First Century Fox(FOXA), PepsiCo(PEP), Estee Lauder(EL), Tesoro(TSO), XL(XL), Ameriprise Financial,(AMP), Unum(UNM), Merck(MRK), AbbVie(ABBV), Gilead Sciences(GILD), General Dynamics(GD), Alaska Air(ALK), United Continental(UAL), Delta Air Lines(DAL), Oracle(ORCL), eBay(EBAY), Apple(AAPL), and Centurylink(CTL).

  • [By Benzinga News Desk]

    On Thursday afternoon, Wall Street Journal reported that CenturyLink (NYSE: CTL) was in advanced talks to merge with Level 3 Communications (NYSE: LVLT). Back on July 13, Benzinga Pro reported Level 3 was reviewing strategic alternatives.

  • [By Ben Levisohn]

    A rumored merger with CenturyLink (CTL) sent Level 3 Communications (LVLT) soaring to the top of the S&P 500 today.

    Pixabay

    Shares of Level 3 Communications climbed 11% to $51.87 today, even as the S&P 500 declined 0.3% to 2,133.04. CenturyLink didn’t perform too badly, either: It gained 9.7% to $31.

    Wells Fargo’s Jennifer Fritzsche explains why a deal between Level 3 and CenturyLink makes sense:

    WSJ reportingCenturyLink andLevel 3 are in advanced merger negotiations. While we do not know if true, it looks likeCenturyLink would be the buyer. This makes sense to us. As we wrote in our 7/14 note titled ” Sale Probably Unlikely, But Case For Interest Can Be Made”, we believe aLevel 3 merger or purchase could make sense for a telecom carrier looking to deepen its fiber presence both inside and outside of its network.CenturyLink does not have wireless and it has a less robust fiber footprint than some of its peers. We believeCenturyLink is motivated to be aggressive with its fiber push to keep up with the competition. The addition ofLevel 3 helps it do this. (We note that neither management team has commented on the speculation in the news.)

    While we do not know how this would look post deal, we believe there could be significant cost synergies and revenue synergy opportunities. On the cost side, G&A as well as special access come to mind (CenturyLink is a net receiver of Special Access and Level 3is a net payer). While both companies generate significant free cash flow, most of CenturyLink’s is tied up in the dividend (Level 3 does not pay a dividend and has a FCF yield of 6.4%). One of our worries aboutCenturyLink has been a looming tax bill–recall Level 3 brings with it $10B in net operating losses.

    BOTTOM LINE: Even in the news of this past week (AT&T (T)/Time Warner (TWX)),CenturyLink has likely had to think about its competitive positioning in a differen

Top 10 Bank Stocks To Invest In 2017: Newmont Mining Corporation(NEM)

Advisors’ Opinion:

  • [By John Divine]

    Whenever the world looks like it’s not about to crash and burn, the price of gold seems to face headwinds. The precious metal, seen as a safe-haven in uncertain times, often gains in the face of disaster, and with the drums of war ebbing today, so did gold. That means tougher times for gold miners like Newmont Mining (NYSE: NEM  ) , which lost 3.9% Tuesday as gold fell 1.6% to $1,364 an ounce.

  • [By Ben Levisohn]

    M&M commodity prices rallied ~13% in 2Q16 and M&M coverage gained 24% on: 1) a view that a near-term commodity floor was formed following China’s stimulus in 1Q16; 2) which sparked a shift in investor willingness to underwrite debt/equity offerings, leading to 3) material Balance Sheet improvements (new equity + extension of maturities). This is not unique to M&M and has played out in the Energy sector too (WTI oil rallied 36% QoQ). Given the number of M&M shelves filed we expect further activity ahead. We are now less negative on Steels, but our preference remains for non-integrated companies (Minimills, Aluminum) as well as gold exposure via Newmont Mining (NEM).

  • [By Aubrey Pringle]

    Barrick Gold Corp. dropped 5.5 percent as the precious metal slumped the most since July. Newmont Mining Corp. (NEM), the largest U.S. gold producer, lost 4.2 percent. Lululemon Athletica Inc. (LULU) tumbled 5.4 percent after cutting its earnings forecast. Walt Disney Co. rallied 2.4 percent after saying it would buy back as much as $8 billion in shares. Pandora Media Inc. jumped 12 percent to a record after naming digital-advertising veteran Brian McAndrews as its new chief executive officer.

  • [By Ben Levisohn]

    Deutsche Bank’s Jorge Beristain and Chris Terry released their earnings preview for the gold miners–including Barrick Gold (ABX), Goldcorp (GG), Franco-Nevada (FNV), and Coeur Mining (CDE)–and conclude that only one gold miner deserves a Buy rating: Newmont Mining (NEM). They explain why:

  • [By Wayne Duggan]

    Hacking has a neutral overall outlook for gold miners, but his top stock picks in the space are Buy-rated Barrick Gold Corporation (USA) (NYSE: ABX) and Newmont Mining Corp (NYSE: NEM). Citigroup sees the most upside for Barrick due to its turnaround program and deleveraging efforts. The firm sees Newmont as the company with the most capital return potential due to its simplified, high-quality portfolio.

investment trust

With oil prices stabilizing and OPEC apparently agreeing to production cuts (for now), it suggests that some of the beaten-down energy stocks on the market may be stocks to buy at this point in time.

Source: SMelindo via Flickr (Modified)

Readers of my column know that I consider some form of fossil fuel energy holding to be vital for any long-term diversified portfolio. One of my central investing tenets is that if a product is wrapped around the human experience in a manner that is effectively permanent, it makes for a great investment.

investment trust: Sina Corporation(SINA)

Advisors’ Opinion:

  • [By Monica Gerson]

    SINA Corp (NASDAQ: SINA) is projected to post a quarterly loss at $0.05 per share on revenue of $189.47 million.

    Eldorado Gold Corp (USA) (NYSE: EGO) is expected to post a quarterly loss at $0.01 per share on revenue of $188.91 million.

investment trust: Cresud S.A.C.I.F. y A.(CRESY)

Advisors’ Opinion:

  • [By Cameron Swinehart]

    Cresud (CRESY) –

    An Argentinean based agriculture company that currently owns roughly 2.4 million acres of farmland in Argentina, Brazil, Paraguay and Bolivia. CRESY produces a variety of crops consisting of soybeans, corn, and sugarcane. It also has operations in beef cattle and milk production. In the second quarter, Cresud sold 4 of its farms for roughly $60.5 million and saw large gains in its farmland development business. CRESY is currently trading down roughly 60% from its highs back in late 2010. Many farming companies have struggled to release value for shareholders with the drop in crop prices but now many are beginning to see value with the sale of farmland.

investment trust: CytRx Corporation(CYTR)

Advisors’ Opinion:

  • [By Roberto Pedone]

    Another under-$10 biotechnology player that’s starting to trend within range of triggering a major breakout trade is CytRx (CYTR), which has an oncology pipeline that includes two programs in clinical development for cancer indications: aldoxorubicin and tamibarotene. This stock has been moving to the upside during the last three months, with shares up by 21%.

    If you take a look at the chart for CytRx, you’ll notice that this stock has been trending sideways inside of a consolidation chart pattern for the last two months, with shares moving between $2.27 on the downside and $2.68 on the upside. That consolidation pattern has occurred right above this stock’s 50-day and 200-day moving averages. Shares of CYTR have now started to break out above some near-term overhead resistance at $2.49 a share. That move is quickly pushing CYTR within range of triggering an even bigger breakout trade above the upper-end of its recent sideways trading chart pattern.

    Market players should now look for long-biased trades in CYTR if it manages to break out above some near-term overhead resistance levels at $2.68 to $2.80 a share with high volume. Look for a sustained move or close above those levels with volume that registers near or above its three-month average action of 154,838 shares. If that breakout triggers soon, then CYTR will set up to re-test or possibly take out its next major overhead resistance levels at $3.20 to $4 a share.

    Traders can look to buy CYTR off any weakness to anticipate that breakout and simply use a stop that sits right below its 200-day at $2.33 a share or below more support at $2.27 a share. One can also buy CYTR off strength once it clears those breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point.

investment trust: Aclaris Therapeutics, Inc.(ACRS)

Advisors’ Opinion:

  • [By Chris Lange]

    Aclaris Therapeutics Inc. (NASDAQ: ACRS) saw its shares make a handy gain on Friday after the company announced the pricing of its secondary offering. The company intends to price its 4 million shares at $22.75 per share, with an overallotment option for an additional 600,000 shares. At this price the entire offering is valued up to $104.65 million.

  • [By Ben Levisohn]

    Current market dynamics, particularly in the SMID biotech universe, provide a plethora of opportunities for the company to augment the breadth and depth its pipeline in its core therapeutic areas, including neurology, ophthalmology and dermatology, where innovation is rife and where consolidation of some of the smaller players in the space is likely, in our view. Stocks in our SMID coverage universe that could potentially constitute future acquisition targets forAllergan include Aclaris Therapeutics (ACRS) and Dermira (DERM) (both have mid- to late-stage dermatology assets in development). We note with interest the collaboration with Heptares announced yesterday evening for the development of several M1, M4 and dual M1/M4 agonists in development for a variety of neurological diseases, including Alzheimers disease. Notwithstanding this above, larger scale transactions of course cannot be ruled out, and we note todays market commentary (Fox Business) regarding the po tential sale of Valeant Pharmaceuticals International’s (VRX) Bausch & Lomb unit. It is reasonable to assume thatAllergan could be a bidder for this asset, given the companys presence in ophthalmology, as well as CEO Brent Saunders familiarity with the asset (he was the CEO prior to its sale toValeant in 2013 for $8.7bn). At the time of its sale to Valeant, B&L was generating c.$3bn in revenues and growing at a double-digit rate. Current sales of the asset are unclear due to the reporting structure of Valeant, as well as concerns regarding the companys operating/ pricing strategy.