Tag Archives: MKSI

stock market companies

Americans aren’t known for being great savers.

In a recent GoBankingRates study, 69% of adults admitted to having less than $1,000 in the bank, while 34% said they actually don’t have any savings at all. But apparently, this collective lack of savings doesn’t get all that much better with age. A study by the National Bureau of Economic Research found not so long ago that almost half of Americans die nearly broke. Of the general population, 46% of retirees die with savings of $10,000 or less. But that number climbs to 57% among retirees who are single.

Now when we take other assets, like homes, into account, the picture gets a bit less bleak. Still, 57% of single-adult households and 50% of widowed households had no housing equity to show for when they died.

The problem is that dying nearly broke isn’t just a matter of denying one’s beneficiaries an inheritance. Rather, it points to a frightening degree of financial vulnerability during retirement. If seni ors are passing without much in the way of assets, it means that in the years leading up to their death, they’re ill equipped to handle a major unexpected expense, such as a significant medical bill. In fact, in that same GoBankingRates survey, only 37% of seniors 65 and older claimed to have $1,000 or more in the bank.

stock market companies: Crestwood Equity Partners LP(CEQP)

Advisors’ Opinion:

  • [By Lisa Levin]

    Crestwood Equity Partners LP (NYSE: CEQP) shares shot up 45 percent to $18.54 following the announcement of a new joint venture with Consolidated Edison, Inc. (NYSE: ED). Subsidiaries of both companies entered into an agreement on Thursday to form a joint venture in which they will jointly own and develop Crestwood’s existing natural gas pipeline and storage business in norther Pennsylvania and southern New York.

stock market companies: CST Brands, Inc.(CST)

Advisors’ Opinion:

  • [By Monica Gerson]

    CST Brands Inc (NYSE: CST) is projected to report its quarterly earnings at $0.22 per share on revenue of $2.30 billion. CST Brands shares declined 1.20 percent to close at $36.21 on Thursday.

  • [By Monica Gerson]

    CST Brands Inc (NYSE: CST) is projected to report its quarterly earnings at $0.22 per share on revenue of $2.30 billion.

    American Axle & Manufact. Holdings, Inc. (NYSE: AXL) is expected to report its quarterly earnings at $0.71 per share on revenue of $998.76 million.

stock market companies: WMIH Corp.(WMIH)

Advisors’ Opinion:

  • [By SEEKINGALPHA.COM]

    Many talented authors have posted about publicly listed equities trading at or near asset value with significant tax attributes, namely Net Operating Losses (NOLs), and the inherent asymmetry when an activist or new management makes a break from money losing operations to pursue transformative acquisitions. Several of the activists or lead investors, such as Becker Drapkin (EMKR, CNSI, SDOI) or Sam Zell’s Equity Group Investments (PARR and RELY), have long track records of successfully repurposing tax attribute rich companies via creative financing and transformative acquisitions. There are also some newer entrants into the space, such as KKR (OTCQB:WMIH) and Carlson Capital (OTCQB:SWKH).

stock market companies: MKS Instruments, Inc.(MKSI)

Advisors’ Opinion:

  • [By Monica Gerson]

    MKS Instruments, Inc. (NASDAQ: MKSI) is estimated to post its quarterly earnings at $0.33 per share on revenue of $177.19 million.

    Pioneer Natural Resources (NYSE: PXD) is projected to post a quarterly loss at $0.75 per share on revenue of $711.66 million.

stock market companies: Gordmans Stores, Inc.(GMAN)

Advisors’ Opinion:

  • [By Peter Graham]

    A long term performance chart shows Five Below at least remaining in positive territory while off-price or value price retailer peerlarge capRoss Stores, Inc (NASDAQ: ROST) has outperformed for a few years and small capGordmans Stores, Inc (NASDAQ: GMAN) has severelyunderperformed:

  • [By WWW.THESTREET.COM]

    Just in the past few weeks, Wall Street has seen bankruptcy filings from sporting goods retailer Gander Mountain, RadioShack successor General Wireless Operations, everyday value price department store operator Gordmans Stores (GMAN) and appliances, electronics and furniture retailer HHGregg (HGG) . Last Wednesday, children’s apparel retailer Gymboree cautioned it was running low on cash and may not survive. Sears Holdings Corp. (SHLD) voiced concerns on Tuesday about its ability to stay in business, while women’s apparel chain Bebe (BEBE) is reportedly on the brink of closing all 170 of its stores.

7 A-Rated Stocks to Buy for 2017’s Second Half

It’s been a decent first half for stocks to buy. The Dow Jones Industrial Average is up 8% in the first six months. The S&P 500 Index is up only slightly more, at 8.5%. And the Nasdaq Composite has been the big performer, thanks to the FANG stocks — Apple Inc (NASDAQ:AAPL), Facebook Inc (NASDAQ:FB), Netflix Inc (NASDAQ:NFLX) and Alphabet Inc (NASDAQ:GOOGL) — up 14.5%.

Some of the power of the Trump rally faded when the Republican Congress and White House couldn’t pass any of the sweeping legislation that they promised and the “new” Washington started to look a lot like the old one.

This hurt healthcare and industrials the most, since new healthcare legislation is stalled and an infrastructure stimulus is become a distant dream.

Beyond U.S. shores, Europe and Asia look like they’re getting back on track, which could be very encouraging for global trade and help U.S. financial, agriculture and industrial sectors.

The 7 Best Dividend Stocks to Buy for Q3 and Beyond

Add all that up and you get these seven A-rated stocks to buy for 2017’s second half.

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Stocks to Buy: Melco Resorts (MLCO) Source: Shutterstock

Melco Resorts & Entertainment Ltd(ADR) (NASDAQ:MLCO) is a Hong Kong-based gaming and resort company with casinos in the Philippines and Macau.

It’s becoming increasingly clear that gaming is back on it Macau. Macau is an autonomous region in southern China that has become known around the world as the “Las Vegas of Asia.”

In May, business was up 24% compared to the same month last year. And in June the expectations are that revenue growth will be closer to 30%. MLCO is already up 40% year-to-date, likely with some investors getting in ahead of the trend. But there will be a stampede of money rolling in now that a significant trend is starting to take shape.

And it’s likely all the gaming companies will benefit, which will help boost MLCO as well.

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Stocks to Buy: Tal Education (TAL) Stocks to Buy: Tal Education (TAL)Source: Shutterstock

Tal Education Group (ADR) (NYSE:TAL) is a Beijing-based education and technology-based business focused on primary and secondary education.

Its goal is to integrate learning a technology to help build students that are prepared for the challenges of the 21st century. TAL is also involved in projects to help retrain workers to be able to develop the skills to be productive in the new tech-centric workforce.

Given the sheer density of the Chinese population, online education is very helpful, whether it’s working with children in big cities or in the far flung countryside.

3 Stocks to Buy for Millennial Investors

Year-to-date, TAL stock is up 72%. But its growth is starting from a trickle that is now turning into a stream. And given the fact that the Chinese economy is improving again, that means there’s more money to spend on programs like those that TAL provides.

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Stocks to Buy: MKS Instruments (MKSI) Stocks to Buy: MKS Instruments (MKSI)Source: Shutterstock

MKS Instruments, Inc. (NASDAQ:MKSI) is in the right place at the right time, but the stock sold off in June, just ahead of an incredibly bullish earnings report. MKS makes equipment for the semiconductor industry. And tech, especially Big Tech, has been driving the Nasdaq for the first half of this year, with that growth likely to continue.

New hardware demands for growing sectors like cloud computing, Big Data, artificial intelligence, virtual/augmented reality and self-driving cars have meant a sea change in the demands for chips and processors.

In the second quarter, which was just reported this week, MKS reported profits were up 270%, with revenue up 138%. And its Q1 numbers were similarly impressive.

MKSI stock is oversold and will come charging back in coming quarters.

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Stocks to Buy: Dana Inc (DANA) Source: Shutterstock

Dana Inc (NYSE:DAN) is an interesting stock right now. It makes driveline, sealing and thermal management products for all manners of vehicles.

It generally gets lumped in with auto parts manufacturing stocks. And in recent years, that has been a good thing. But now, new car sales are on the decline and investors have been punishing all the stocks related to the industry, including DAN.

But the ace in the hole that DAN has is, it’s diversified across commercial vehicles, agricultural equipment, construction equipment and military vehicles. That means it can boost revenue in another division, as long as the economy is expanding. DAN also offers extensive aftermarket products for those who would rather fix their current equipment rather than buy new.

9 Companies That Might Not Survive to See 2018

DAN is up 18% year-to-date and by the look of its price chart, people are catching on to its potential.

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Stocks to Buy: iRobot (IRBT) Stocks to Buy: iRobot (IRBT)Source: Shutterstock

iRobot Corporation (NASDAQ:IRBT) has been on quite a run, up 46% year-to-date and 143% in the past 12 months. But recently is has begun to sell off sharply. This when all the news out of the company has been encouraging. What gives?

Well, Spruce Point Capital Management issued a scathing report on IRBT earlier this week. It is no coincidence that the firm has been short IRBT for years now and has reiterated its dire warnings that it first reported about three years ago.

IRBT’s strength has always been its programming, more than its devices, which vacuum and mop homes, clean pools and clean gutters. They’re arguably the “smartest” cleaning robots on the market. And IRBT is finally suing competitors over some patent infringement issues, which many have said was a long time coming. Some are concerned with more companies moving into this market.

But that sword cuts both ways. The more competition may actually help grow this market faster than it has grown previously, expanding the base and helping customers learn and differentiate brands. An expanding customer base would certainly be a boost for IRBT since it controls nearly 90% of the market.

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Stocks to Buy: NutriSystem (NTRI) Stocks to Buy: NutriSystem (NTRI)Source: Nutrisystem

NutriSystem Inc (NASDAQ:NTRI) is one of the leading weight management companies in the U.S.

Its unique model is to forgo the meetings, the weigh-ins and calorie counting. It focuses on providing prepared meals to its customers that provide the calories and nutrition that they need. All they have to do is pop them in a microwave.

One of the biggest boosts NTRI has received is the fact that technology has been able to allow its customers to customize their menus and still stay on a health path.

You can see the tech as soon as you go to the site. The first screen that pops up asks you your height and weight and then it will calculate a target weight and deliver a plan to you. Tech is now being used to its best service at NTRI. And it’s showing up on the bottom line.

Q1 beat expectations, with revenue up 31% for the quarter.

7 All-American Stocks to Buy This 4th of July

This is all part of the new trend to buy prepared foods that are delivered when you need them at the price point you want them. No more buying groceries that don’t get used or spoil before you can incorporate them into a dish.

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Stocks to Buy: Fox Factory (FOXF) Stocks to Buy: Fox Factory (FOXF)Source: Shutterstock

Fox Factory Holding Corp (NASDAQ:FOXF) specializes in ride dynamics products, basically, shocks and suspension for off-road sport and endurance vehicles. It’s various brands are leaders in sectors from moto, snow machines, trucks, all-terrain vehicles and racing.

With the boom in modifying vehicles of all sorts with aftermarket parts and the growth in performance sports and off-road activities, this has become an enduring growth market.

Plus, as people hold onto their vehicles longer, it means that DIY upgrades and replacements will grow. FOXF is up 27% year-to-date and it’s just now starting to pop.

Margins are growing and so are revenues. This is the ground floor of a growing trend.

Louis Navellier is a renowned growth investor. He is the editor of five investing newsletters: Blue Chip Growth, Emerging Growth, Ultimate Growth, Family Trust and Platinum Growth. His most popular service, Blue Chip Growth, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters.

stock research

This story has been updated to correct the source of payments received by the law firm of court trustee Irving Picard for work recovering Bernard Madoff’s assets.

Victims of Bernard Madoff’s huge Ponzi scheme have so far receivedno repayments from the company the Department of Justice tapped to distribute $4 billion recovered from the notorious fraud.

Nearly 8陆 years after Madoff’s arrest, RCB Fund Services LLC is still working tofinalizereviews and recommendations for 63,580 claims covering $67.8 billion in reported losses.

In a January update posted on the fund’s website, special master Richard Breeden, whose company was hired to distribute the funds, wrote: “We were unable toinitiate our first payout in 2016 as we had hoped because of the volume and complexity of claims.”

stock research: China Mobile (Hong Kong) Ltd.(CHL)

Advisors’ Opinion:

  • [By Motif Investing]

    The most heavily weighted names in the motif are China Mobile Ltd. (ADR) (NYSE: CHL), Aibaba Group Holding Ltd (NYSE: BABA), Baidu Inc (NASDAQ: BIDU), India's HDFC Bank (NYSE: HDB) and Russia's Mobile TeleSystems PJSC (NYSE: MBT).

  • [By Lisa Levin]

    In trading on Thursday, telecommunications services shares fell 0.12 percent. Meanwhile, top losers in the sector included China Mobile Ltd. (ADR) (NYSE: CHL), down 3 percent, and Partner Communications Company Ltd (ADR) (NASDAQ: PTNR), down 1.5 percent.

  • [By David Goodboy]

    Rumors are that Apple will use this opportunity to announce the long-awaited deal with China Mobile (NYSE: CHL), which is the world's largest cellphone carrier with more than 700 million active users. Clearly, there are impediments in the way, but the potential for a lower-priced iPhone for this market means strong possibilities remain. This deal would be a major upside catalyst for Apple shares.

stock research: The Middleby Corporation(MIDD)

Advisors’ Opinion:

  • [By Monica Gerson]

    Middleby Corp (NASDAQ: MIDD) is expected to post its quarterly earnings at $0.84 per share on revenue of $515.56 million.

    Jack in the Box Inc. (NASDAQ: JACK) is estimated to post its quarterly earnings at $0.70 per share on revenue of $360.22 million.

stock research: MKS Instruments, Inc.(MKSI)

Advisors’ Opinion:

  • [By Monica Gerson]

    MKS Instruments, Inc. (NASDAQ: MKSI) is estimated to post its quarterly earnings at $0.33 per share on revenue of $177.19 million.

    Pioneer Natural Resources (NYSE: PXD) is projected to post a quarterly loss at $0.75 per share on revenue of $711.66 million.

stock research: Female Health Company (The)(FHCO)

Advisors’ Opinion:

  • [By Lisa Levin]

    Shares of Female Health Co (NASDAQ: FHCO) were down 15 percent to $1.46 as the company reported that it has entered into a merger agreement with Aspen Park Pharma.

Best Financial Stocks To Own For 2017

For those of you keeping count, you’ll need to put another tally mark making the streak of record closes to seven sessions after the Dow Jones Industrials Average (DJINDICES:^DJI) notched a 1.75% gain for the week, ending at 20,624.05. Without further ado, since it was a week akin to the wild wild west, let’s take a look at a couple of megamergers and a mega automaker potentially bowing out of Europe.

Mac & Jerry

The Kraft Heinz Company (NASDAQ:KHC) made headlines Friday morning after it announced a proposed $143 billion merger with Unilever in what would potentially be one of the biggest deals in history. Unfortunately, at least for now, the latter has declined, as it doesn’t see strategic or financial merit at this time. But surely Kraft has no plans to give up on this match made in heaven that could place key parts of your fridge under one company umbrella. The combined company would combine Hellmann’s mayo, Heinz ketchup, Kraft Mac & Cheese, Oscar Mayer hot dogs, Philadelphia cream cheese, and among many other products, Ben & Jerry’s ice cream.

Best Financial Stocks To Own For 2017: DIRECTV(DTV)

Advisors’ Opinion:

  • [By Christopher Freeburn]

    Service disruptions on DirecTV’s (DTV) website temporarily interfered with subscribers’ ability to stream National Football League (NFL) games online for the last two Sundays.

Best Financial Stocks To Own For 2017: MKS Instruments, Inc.(MKSI)

Advisors’ Opinion:

  • [By Monica Gerson]

    MKS Instruments, Inc. (NASDAQ: MKSI) is estimated to post its quarterly earnings at $0.33 per share on revenue of $177.19 million.

    Pioneer Natural Resources (NYSE: PXD) is projected to post a quarterly loss at $0.75 per share on revenue of $711.66 million.

Best Financial Stocks To Own For 2017: SeaWorld Entertainment, Inc.(SEAS)

Advisors’ Opinion:

  • [By WWW.THESTREET.COM]

    SeaWorld Entertainment (SEAS) is probably the most famous example of a company that’s suffered from animal cruelty allegations. Shares of the theme park operator, backed by Blackstone (BX) , have never recovered from the release of the 2013 documentary Blackfish, which argued that orca captivity is inhumane and dangerous to the human trainers of the orcas. SeaWorld announced in March that it would phase out its orca captivity, breeding and live shows. The company’s remaining whales, most of which were born in captivity, will live out their lives at the parks. The news sent SeaWorld shares soaring 9%, but continued attendance drops forced the company to slash its dividend and invest $175 million in new attractions.

Top 10 Stocks For 2017

Financial planning software provider RightCapital announced on Tuesday that it has enhanced its platform to make it easier for advisors to comply with the Department of Labor’s fiduciary rule, as well as address clients’ retirement income, annuities, Social Security optimization and tax-efficient drawdown planning needs.

RightCapital was founded in 2015 by Shuang Chen and his brother, Song, who serves as chief technology officer.

Stay informed with the

For many, the New Year means new technology being implemented at the practice. One of the biggest challenges facing advisory firms today is getting the team on board with these new programs. Improper planning, skepticism and lack of commitment are just some of the factors that often plague such projects from the start. Without buy-in and adoption, firms cannot realize the full benefits of technology designed to increase efficiency and productivity.

Join this complimentary webcast that will provide a deeper appreciation for these client segments and their needs, and show how advisors can offer protection and guaranteed income to make their clients more retirement confident.

Top 10 Stocks For 2017: BioCryst Pharmaceuticals Inc.(BCRX)

Advisors’ Opinion:

  • [By Monica Gerson]

    BioCryst Pharmaceuticals (NASDAQ: BCRX) shares gained 5.98% to $6.91 in the pre-market session after the company has been awarded contract by the National Institute of Allergy and Infectious Diseases to develop BCX4430 for the treatment of Marburg virus disease.

Top 10 Stocks For 2017: HD Supply Holdings, Inc.(HDS)

Advisors’ Opinion:

  • [By Monica Gerson]

    HD Supply Holdings Inc (NASDAQ: HDS) is projected to report its quarterly earnings at $0.24 per share on revenue of $1.63 billion.

    JA Solar Holdings Co., Ltd. (ADR) (NASDAQ: JASO) is estimated to report its quarterly earnings at $0.68 per share on revenue of $683.29 million.

  • [By Ben Levisohn]

    Flexing the barbell strategy to balance Safe Havens with more cyclical exposures. In our view, industrials investors should be positioning their portfolio with a barbell strategy, with half of the exposure in Safe Havens like General Electric, Xylem (XYL), Danaher, Honeywell International, Roper Technologies (ROP), and AMETEK (AME), and the other half selectively in the cyclical names that are better positioned today, such as Pentair, HD Supply Holdings (HDS),Actuant (ATU), Atkore International Group (ATKR), Ingersoll-Rand, and Eaton (ETN). We still believe risk-reward is mostly balanced and that the macro will remain choppy into 2017, supporting a positioning in the defensive names. But if investor sentiment improves on not-worse news and earnings results, the more cyclical names could fare better.

  • [By Lisa Levin]

    Benzinga's newsdesk monitors options activity to notice unusual patterns. These large volume (and often out of the money) trades were initially published intraday in Benzinga Professional . These trades were placed during Wednesday's regular session.

Top 10 Stocks For 2017: Brown(n)

Advisors’ Opinion:

  • [By Alex Jordon]

    He already owns a good chunk of NetSuite (N), whose revenue grew 35% last quarter, beating earnings estimates by $0.03 a share. Ellison’s been profiting from the cloud while dismissing its significance. With the Salesforce agreement his company is, too. (Fool)

  • [By Arie Goren]

    On November 5, Oracle (NYSE:ORCL)confirmed that it has finally completed the acquisition of Netsuite (NYSE:N) for $9.3 billion in cash, or $109 per share that the company had initially offered. In my previous article about Oracle, I had suggested that the acquisition of NetSuite, the cloud business application software company, is a smart move by Oracle. What’s more, it is not paying an excessive price for the deal. In fact, Oracle insisted that it will not pay more than what it had first offered despite the resistance from T Rowe Price (NSDQ:TROW)which demanded $133 per share.

Top 10 Stocks For 2017: MKS Instruments, Inc.(MKSI)

Advisors’ Opinion:

  • [By Monica Gerson]

    MKS Instruments, Inc. (NASDAQ: MKSI) is estimated to post its quarterly earnings at $0.33 per share on revenue of $177.19 million.

    Pioneer Natural Resources (NYSE: PXD) is projected to post a quarterly loss at $0.75 per share on revenue of $711.66 million.

Top 10 Stocks For 2017: Wal-Mart Stores, Inc.(WMT)

Advisors’ Opinion:

  • [By Shanthi Rexaline]

    A Wall Street Journal report estimated that about 18 percent of all food stamp dollars was spent at Wal-Mart Stores Inc (NYSE: WMT) in 2013. If the percentage is applied to the 2016 food stamp dollars, Wal-Mart would have received roughly $12 billion revenues from food stamp dollars.

  • [By Casey Wilson]

    Additionally, competition from other retailers is squeezing Avon out of the market. Retailers like Wal-Mart Stores Inc. (NYSE: WMT) and Ulta Salon, Cosmetics & Fragrance Inc. (Nasdaq: ULTA) offer consumers a way to purchase high-quality products without the middleman. Online retailers, such as Amazon.com Inc. (NYSE: AMZN), pose another threat to Avon. According to a 2015 survey by EMarketer, 73% of consumers describe Amazon as their No. 1 destination for beauty products.

  • [By Rich Duprey]

    Can Wal-Mart (NYSE:WMT) save the craft-beer industry? Few are aware that the deep-discount retailer has been selling its own craft beer for almost a year now, but as more people discover it, there’s the potential for it to revive industry sales.

  • [By Douglas A. McIntyre]

    All the financial engineering in the world won’t save Sears. It is locked in competition with other desperate retailers like J.C. Penney (NYSE: JCP), which also needsgood holiday numbers. Worse, it hasto pull customers frombusiness leaders such asWalmart (NYSE: WMT) and Amazon (NASDAQ: AMZN). That is not likely.

Top 10 Stocks For 2017: Ballard Power Systems, Inc.(BLDP)

Advisors’ Opinion:

  • [By Jim Robertson]

    With that in mind, I would add any stocks or sectors that benefit directly or indirectly from government subsidies because they are in cool or chosensectors that progressive liberal types worshipe.g. so called green or renewable energy or green technology plays like small capsBallard Power Systems Inc (NASDAQ: BLDP),FuelCell Energy Inc (NASDAQ: FCEL) and Plug Power Inc (NASDAQ: PLUG) along with solarinstallers Vivint Solar Inc (NYSE: VSLR) and Sunrun Inc (NASDAQ: RUN). Then there are thebigger and more globalsolar energy solutions stocks like First Solar, Inc (NASDAQ: FSLR) and SunPower Corporation (NASDAQ: SPWR) that will no doubt be the focus of any energy policy or global warming policy coming out of Washington.

Top 10 Stocks For 2017: Snap Inc. (SNAP)

Advisors’ Opinion:

  • [By Timothy Green]

    With its S-1 filing finally made public, Snap Inc. (NYSE:SNAP) is close to selling shares to the public for the first time. The company, known for its wildly popular Snapchat app, is expected to raise around $3 billion and be valued in the ballpark of $25 billion. Snap only started running ads in late 2014, producing just $404 million of revenue last year. If a price-to-sales ratio above 60 doesn’t scare you away, here are two more reasons to stay far away from this hyped-up IPO.

Top 10 Stocks For 2017: Move Inc.(MOVE)

Advisors’ Opinion:

  • [By Renu Singh]

    Aruba Networks (ARUN) is a leading provider of next-generation network access solutions for mobile enterprise. The company’s Mobile Virtual Enterprise (MOVE) architecture unifies wired and wireless network infrastructures into one seamless access solution for corporate headquarters, mobile business professionals, remote workers and guests. This unified approach to access networks enables IT organizations and users to securely address the Bring Your Own Device (BYOD) phenomenon, dramatically improving productivity and lowering capital and operational costs.

Top 10 Stocks For 2017: Logitech International S.A.(LOGI)

Advisors’ Opinion:

  • [By Lisa Levin]

    Mad Catz Interactive, Inc. (USA) (NYSE: MCZ) shares were also up, gaining 35 percent to $0.260 as the company disclosed that it has sold its Saitek simulation product line to Logitech International SA (USA) (NASDAQ: LOGI) for $13 million in cash.

Top 10 Stocks For 2017: Concho Resources Inc.(CXO)

Advisors’ Opinion:

  • [By Ben Levisohn]

    Our peer group is up an average of 46% over the past 4 weeks in response to a 30% rebound in the 12-month strip NYMEX oil price. Some of the largest gainers include Hold and Sell rated stocks that we would not chase such asDenbury Resources (Sell, +138%), Halcon Resources (HK) (Sell, +147%), Jones Energy (JONE) (Hold, +166%), Rex Energy (REXX) (Sell, +60%), Sanchez Energy (SN) (Hold, +93%), Ultra Petroleum (UPL) (Sell, +61%), andWhiting Petroleum (Hold, +103%), which have outperformed the E&P Index (+32%) over the same time period. Balance sheets and/or well level returns remain challenged for these companies despite improved oil prices. While we believe oil markets should re-balance over the next 12 to 15 months, the recent recovery to $40 could reverse during 2Q16 as bloated inventories continue to rise, new volumes from Iran pressure an oversupplied market, and a highly anticipated decline in non-OPEC supply (especially in the U.S.), is not as steep as expected. The risk of an oil price retracement, which would significantly pressure the recent out-performers, outweighs the upside in these stocks, in our view. However, we are raising our target prices on Buy ratedAnadarko Petroleum ($54 from $48), Concho Resources (CXO) ($120 from $109), Matador Resources (MTDR) ($22 from $21),Noble Energy (NBL) ($40 from $34), SM Energy (SM) ($22 from $15), Rice Energy ($14 from $12), Pioneer Natural Resources (PXD) ($155 from $135),Continental Resources ($32 from $28), and Parsley Energy (PE) ($24 from $23). We believe our Buy-rated stocks are better positioned to weather challenging oil markets.

  • [By Ben Levisohn]

    Large Caps. Our E&P coverage is pricing in $61/bbl WTI and $3.30 gas, and with a lower crude forecast the group is looking less compelling. We argue names that continue to demonstrate resource improvement at the low-end of the cost curve, namely in the Permian and STACK remain attractive, such as Concho Resources (CXO), Devon Energy (DVN), Newfield Exploration (NFX) and Pioneer Natural Resources (PXD). Noble (NBL) remains a compelling value, though has yet to commit to an accelerated US onshore drilling program.

  • [By Ben Levisohn]

    Lear also sees strong “upside potential” forConcho Resources (CXO), Pioneer Natural Resources (PXD) and Newfield Exploration (NFX) as well performance improves in the Permian/STACK, and also writes positively on Devon Energy (DVN).