Related USO Crude Oil Confirms An Epic Failed Breakdown UBS Thinks Oil Is In A Short Squeeze A Crude Oil Rally Above $40 A Barrel Is Unsustainable As The U.S. Economy Falters (Seeking Alpha)
WTI crude oil prices have soared 37.6 percent in the past month, but the market remains divided on whether the oil rally is for real. Shares of the United States Oil Fund LP (ETF) (NYSE: USO) have only risen 28.0 percent during the past month, an indication that many investors are not convinced that the gains will stick.
However, hedge funds and money managers have been making some huge bets on oil. In fact, the combined net long position in WTI and Brent futures currently sits at a nine-month high. That net long position has climbed by 200 million barrels year to date.
10 Best Freight Stocks To Buy Right Now: Extra Space Storage Inc(EXR)
Extra Space Storage, Inc. operates as a real estate investment trust (REIT) in the United States. It engages in property management and development activities that include acquiring, managing, developing, and selling, as well as the rental of self-storage facilities. As of December 31, 2006, Extra Space Storage owned interests in 567 properties located in 32 states and Washington, D.C., as well as managed 74 properties owned by franchisees or third parties. As a REIT, the company would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 1977 and is based in Salt Lake City, Utah.
- [By Shauna O’Brien]
On Tuesday, Goldman Sachs announced that it has removed Extra Space Storage, Inc. (EXR) from its Conviction Buy List.
The firm has maintained a “Buy” rating on EXR, and has lowered the company’s price target from $51 to $50. This price target suggests a 12% upside from the stock’s current price of $43.94.
Analyst Andrew Rosivach commented: “We think the stock is inexpensive on forward 2018E AFFO, but the higher 2014E multiple may require the stock to consolidate.”
Extra Space Storage shares were down 21 cents, or 0.47%, during Tuesday morning trading. The stock is up 21% YTD.
10 Best Freight Stocks To Buy Right Now: Rhino Resource Partners LP(RNO)
Rhino Resource Partners LP produces, processes, and sells coal of various steam and metallurgical grades in the United States. The company holds interests in various surface and underground coal mines located in Central Appalachia, Northern Appalachia, the Illinois Basin, and the Western Bituminous region. As of December 31, 2010, it operated 10 mines, including 5 underground and 5 surface mines located in Kentucky, Ohio, and West Virginia. The company markets its steam coal primarily to electric utility companies as fuel for their steam-powered generators; and metallurgical coal for steel and coke producers. It also engages in mining limestone from reserves located at its Sands Hill mining complex and sells it as aggregate to various construction companies and road builders. The company was founded in 2003 and is based in Lexington, Kentucky.
- [By Alexis Xydias]
Investors are regaining confidence, squeezing pessimists who say the economy remains sluggish outside of Germany and point to record-low trading volume as a lack of conviction in the Euro Stoxxs 61 percent rally of the past two years. Besides gains in stocks from Banco Bilbao Vizcaya Argentaria SA to Renault SA (RNO), yields on Spanish and Italian bonds have declined to a two-year low compared with German bunds and the euro has strengthened 4.6 percent to $1.35 in the past six months.
10 Best Computer Hardware Stocks To Own For 2016: Buffalo Wild Wings Inc.(BWLD)
Buffalo Wild Wings, Inc. engages in the ownership, operation, and franchise of restaurants in the United States. The company provides quick casual and casual dining services, as well as serves bottled beers, wines, and liquor. As of July 26, 2011, it had 773 Buffalo Wild Wings locations in 45 states in the United States, as well as in Canada. The company was founded in 1982 and is headquartered in Minneapolis, Minnesota.
- [By Lisa Levin]
Shares of Buffalo Wild Wings (NASDAQ: BWLD) were down 12 percent to $127.89 as the company reported weaker-than-expected results for its first quarter on Tuesday.
- [By Lisa Levin]
Shares of Buffalo Wild Wings (NASDAQ: BWLD) were down 13 percent to $125.18 as the company reported weaker-than-expected results for its first quarter on Tuesday.
- [By AnnaLisa Kraft]
A chicken-wing upstart
But with success comes competition.McDonald’s (NYSE: MCD ) is debuting its own Mighty Wings nationally, chicken wings seasoned similarly to Popeye’s New Orleans style with cayenne and chili pepper. The huge quantity of wings that McDonald’s will need likely driving up prices from $1.44 a pound most recently will of course, affect the entire space including Yum! Brands, AFCE, and chicken focused Buffalo Wild Wings (NASDAQ: BWLD )
10 Best Freight Stocks To Buy Right Now: Packaging Corporation of America(PKG)
Packaging Corporation of America produces and sells containerboard and corrugated products in the United States. Its corrugated packaging products, include conventional shipping containers used to protect and transport manufactured goods; and multi-color boxes and displays with strong that help to merchandise the packaged product in retail locations. The company also offers meat boxes and wax-coated boxes for the agricultural industry. Packaging Corporation sells its products through direct sales and marketing organization. The company was founded in 1867 and is headquartered in Lake Forest, Illinois.
- [By David Sterman]
That was precisely the rationale behind Packaging Corp. of America's (NYSE: PKG) just-announced $2 billion (in cash and assumed debt) acquisition of rival Boise (NYSE: BZ). The deal will create a $6 billion (in sales) behemoth in the cardboard box industry.
- [By Christopher Freeburn]
Shares of Packaging Corp. (PKG) jumped almost 13% in pre-market trading on Monday after the company announced that it will purchase a rival containerboard-maker.
- [By Daniela Pylypczak]
Jefferies announced on Monday that it has upgraded Packaging Corp of America (PKG) from “Hold” to “Buy.”
The firm also raised PKG’s price target from $49.00 to $70.00. Jefferies analystPhilip Ng also gave the companybull-case scenario target of $88. The upgrade comes after the firm announced earlier today that it has agreed to purchase all outstanding shares of Boise Inc. (BZ)for $1.995 billion. Analyst Ng believes the new acquisition will result in an attractive multiple.
Packaging Corp of America shares rallied 9.73% during Monday’s session. Year-to-date, the stock is up 39.87%.
10 Best Freight Stocks To Buy Right Now: Transocean Inc.(RIG)
Transocean Ltd. provides offshore contract drilling services for oil and gas wells worldwide. It offers deepwater and harsh environment drilling, oil and gas drilling management, and drilling engineering and drilling project management services. The company also offers well and logistics services. In addition, it engages in oil and gas exploration, development, and production activities primarily in the United States offshore Louisiana and Texas, and in the United Kingdom sector of the North Sea. As of February 10, 2011, the company owned, had partial ownership interests in, and operated 138 mobile offshore drilling units, including 47 high-specification floaters, 25 midwater floaters, 9 high-specification jackups, 54 standard jackups, and 3 other rigs, as well as 1 ultra-deepwater floater and 3 high-specification jackups under construction. Transocean Ltd. was founded in 1953 and is based in Zug, Switzerland.
- [By Paul Ausick]
Following a November 2011 leak of about 3,600 barrels of oil from a rig offshore of Brazil, Chevron Corp. (NYSE: CVX) and driller Transocean Ltd. (NYSE: RIG) were slapped with a penalty of $17.5 billion by the governments public prosecutors office. That payment reportedly hasbeen reduced to less than $42 million as the company and the government have agreed on a settlement.
- [By Ben Levisohn]
RBC’s Kurt Hallead and Benjamin Owens offer their take on Transocean (RIG) appearance at the RBC Global Energy and Power Conference:
Our view: Transocvean continues to execute well, with the focus on revenue efficiency bearing fruit over the last several quarters. However, we believeTransocean shares have limited upside until the market gains more confidence in the supply/demand outlook for floating rigs in 2017-18. Currently, fundamentals continue to weaken for floating rigs, and it remains unclear where dayrates and utilization may bottom.
Expects to see 2H16 opportunities in the jackup market:Transocean expects shallow water to be the first area within the offshore market to see increased spending if oil prices remain constructive. The demand for jackups is being driven by independent oil companies and NOCs. The company still expects the deep water rig count to trend lower through at late-2016 or early-2017.
Deepwater recovery domino effect: In Transoceans view, deep water rigs currently working will remain working in a recovery. The next rigs back to work will be warm-stacked rigs, then rigs currently in the ship-yard, with rigs currently cold-stacked the last to find work. The company thinks newbuilds could cease for up to a decade during the next cycle, similar to what happened in the 1990s, with many offshore drillers opting to upgrade rigs rather than build new.
Offshore dayrates could lag in a recovery: With demand still declining, dayrates for new work are likely to remain near cash break-even to slightly higher in the near-term.Transocean thinks utilization needs to hit 80-85% before the industry starts to see pricing power for offshore rigs. The company thinks pricing could take a while to move off the bottom, even with activity increases, due to the fact that it will take the industry some time to digest the magnitude of oversupply in offshore rigs.
Evercore ISI’sJames West a
10 Best Freight Stocks To Buy Right Now: Omeros Corporation(OMER)
Omeros Corporation, incorporated on June 16, 1994, is a biopharmaceutical company. The Company is engaged in discovering, developing and commercializing small-molecule and protein therapeutics for large-market, as well as orphan indications targeting inflammation, coagulopathies and disorders of the central nervous system. Its marketed drug product, Omidria (phenylephrine and ketorolac injection), is launched in the United States for use during cataract surgery or intraocular lens (IOL) replacement. Omidria is derived from the Company’s PharmacoSurgery platform, which is designed for patients undergoing ophthalmological, arthroscopic, urological and other surgical procedures. Its PharmacoSurgery platform is based on low-dose combinations of the United States Food and Drug Administration (FDA) approved therapeutic agents delivered directly to the surgical site throughout the duration of the procedure to inhibit preemptively inflammation and other problems caused by surgical trauma, and to provide clinical assistances both during and after surgery.
The Company’s pipeline includes clinical-stage development programs focused on complement-related thrombotic microangiopathies (TMAs); complement-mediated glomerulopathies; Huntington’s disease and cognitive impairment; addictive and compulsive disorders, and problems associated with urologic surgical procedures. In addition, it has a group of preclinical programs and over two additional platforms: one capable of unlocking new G protein-coupled receptor (GPCR) drug targets and the other used to generate antibodies. OMS103 is the Company’s PharmacoSurgery product candidate, which is developed for use during all arthroscopic procedures, including knee and shoulder arthroscopy, and completed Phase III trials in patients undergoing arthroscopic anterior cruciate ligament reconstruction and arthroscopic partial meniscectomy. OMS103 is a combination of anti-inflammatory/analgesic active pharma ceutical ingredients (APIs), specifically amitriptyline, ket! oprofen and oxymetazoline, and designed to provide a multimodal approach to block preemptively the inflammatory cascade induced by arthroscopy. OMS103 is delivered directly to the joint throughout arthroscopy and is designed to act simultaneously at multiple distinct targets to block preemptively the inflammatory cascade induced by arthroscopic surgery.
Omidria is approved by the FDA for use during cataract surgery or IOL replacement surgery to maintain pupil size by preventing intraoperative miosis (pupil constriction) and to reduce postoperative ocular pain and is approved in all European Union (EU) member states for use during cataract surgery and other IOL replacement procedures to maintain mydriasis (pupil dilation), to prevent miosis and to reduce postoperative eye pain. Omidria is a drug product containing two APIs: ketorolac, an anti-inflammatory agent, and phenylephrine, a mydriatic, or pupil dilating, agent. These procedures are performed to replace a lens opacified by a cataract or to correct a refractive error. Omidria is added to standard irrigation solution used during cataract and lens replacement surgery and is delivered intracamerally, or within the anterior chamber of the eye, to the site of the surgical trauma throughout the procedure.
The Company’s clinical programs include Mannan-binding lectin-associated serine protease-2 (MASP-2) (OMS721)-Lectin Pathway Disorders; PDE10 (OMS824)-CNS Disorders; peroxisome proliferator-activated receptor gamma (OMS405)-Addiction, and OMS201-Urology. The MASP-2 is a pro-inflammatory protein target involved in activation of the complement system. OMS721 is its lead human monoclonal antibody targeting MASP-2. OMS721 has received Orphan Drug designation for the prevention (inhibition) of complement-mediated TMAs, and Fast Track designation for the treatment of patients with Atypical Hemolytic Uremic Syndrome (aHUS). Phosphodiesterase 10 ( PDE10) is an enzyme that is expressed in areas of the brain ! linked to! diseases that affect cognition, including Huntington’s disease and schizophrenia. OMS824 has received Orphan Drug designation for the treatment of Huntington’s disease and Fast Track designation for the treatment of cognitive impairment in patients with Huntington’s disease. OMS824 is in a Phase II clinical program for the treatment of Huntington’s disease and a Phase II clinical program evaluating OMS824 for the treatment of schizophrenia.
The peroxisome proliferator-activated receptor gamma program is developing compositions that include peroxisome proliferator-activated receptor gamma agonists for the treatment and prevention of addiction to substances of abuse, which may include opioids, nicotine and alcohol. It has completed two Phase II clinical trials related to its peroxisome proliferator-activated receptor gamma program. OMS201 is its PharmacoSurgery product candidate designed for use during urological procedures, including ureterscopy for removal of u reteral or renal stones. OMS201 is a combination of ketoprofen, an anti-inflammatory API, and nifedipine, a smooth muscle relaxant API. It has completed a Phase I/Phase II clinical trial.
The Company’s preclinical programs include phosphodiesterase 7 (PDE7) (OMS527), Plasmin (OMS616), MASP-3 (OMS906)-Alternative Pathway Disorders, GPR17-CNS Disorders, GPR101-Metabolic Disorders, GPR151-CNS Disorders, GPR161-Cancer, GPR174-Immune Disorders, GPR183-Skeletal and Infectious Diseases, GPCR Platform and Antibody Platform. The PDE7 program is based on its discoveries of previously unknown links between PDE7 and any addiction or compulsive disorder and between PDE7 and any movement disorders, such as Parkinson’s disease. In its plasmin program, the Company is advancing antifibrinolytic agents for the control of blood loss during surgery or resulting from trauma, as well as for other hyperfibrinolytic states. As part of its MASP program, it has identified MASP-3.
The Company is condu! cting med! icinal chemistry to optimize compounds against GPR17, a GPCR that is linked to myelin formation. It is conducting medicinal chemistry to optimize compounds against GPR101, a GPCR that is linked to appetite and eating disorders. It is conducting medicinal chemistry to optimize compounds against GPR151, a GPCR that is linked to neuropathic pain and cognitive disorders. It is conducting medicinal chemistry to optimize compounds against GPR161, a GPCR that is linked to triple negative breast cancer (TNBC) and sarcomas. It is conducting medicinal chemistry to optimize compounds against GPR174, a GPCR that is linked to autoimmunity. It is conducting medicinal chemistry to optimize compounds against GPR183, a GPCR that is linked to osteoporosis and Epstein-Barr virus (EBV) infections, and associated diseases. The ex vivo platform is for the discovery of monoclonal antibodies, which utilizes a chicken B-cell lymphoma cell line.
The Company competes with The Nordic Group .
- [By Monica Gerson]
Omeros (NASDAQ: OMER) shares fell 2.80% to $8.32 in the pre-market trading. Omeros shares have dropped 9.80% over the past 52 weeks, while the S&P 500 index has gained 16.18% in the same period.
10 Best Freight Stocks To Buy Right Now: Lowe’s Companies Inc.(LOW)
Lowe’s Companies, Inc., together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a range of products for maintenance, repair, remodeling, home decorating, and property maintenance. It provides home improvement products in the categories of appliances, lumber, paint, millwork, building materials, lawn and landscape products, flooring, rough plumbing, seasonal living, tools, hardware, fashion plumbing, lighting, nursery, outdoor power equipment, cabinets and countertops, home organization, rough electrical, and home fashion, as well as boards, panel products, irrigation pipes, vinyl sidings, and ladders. The company also offers installation services through independent contractors in various product categories. Lowe’s Companies serves homeowners and renters primarily consisting of do-it-yourself customers and do-it-for-me customers; and commercial business customers, who work in the construction, rep air/remodel, commercial and residential property management, or business maintenance professions. As of August 15, 2011, it operated approximately 1,725 home improvement stores in the United States, Canada, and Mexico. The company also offers its products through electronic product catalogs and Lowes.com. Lowe’s Companies, Inc. was founded in 1952 and is based in Mooresville, North Carolina.
- [By Ben Levisohn]
Credit Suisse analysts Seth Sigman and Kieran McGrath argue that both Home Depot (HD) and Lowe’s (LOW) will beat first -quarter earnings forecasts, but Home Depot is a “better way to play” earnings. They explain why:
- [By Ben Levisohn]
We observed an earnings beat from Urban Outfitters (URBN), Target’s (TGT) lowered guidance, and Lowe’s (LOW) big earnings miss.
We highlighted Noble’s (NE) latest fleet-status report, Ed Yardeni’s optimism about and fear for the Bull market, the sacking of the CEO of Barnes & Noble (BKS), and Morgan Stanley’s upgrade ofValeant Pharmaceuticals International (VRX).
- [By Ben Levisohn]
Credit Suisse analystSeth Sigman and team see slowing growth for Home Depot (HD) and Lowe’s (LOW) when they release their earnings but also believe that should remain a bright spot in retail:
10 Best Freight Stocks To Buy Right Now: Coach, Inc.(COH)
Coach, Inc. provides luxury accessories and lifestyle collections in the United States. The company offers handbags, rings, charms, small leather goods, and novelty accessories for women; and business cases, computer bags, messenger-style bags, totes, wallets, card cases, belts, and time management and electronic accessories for men. It also provides footwear products; seasonal lifestyle apparel collections, including outerwear, ready-to-wear, and cold weather accessories, such as gloves, scarves, and hats; jewelries comprising bracelets, necklaces, rings, and earrings made with sterling silver, leather, and non-precious metals; sunglasses; watches; and fragrances consisting of eau de perfume sprays, eau de toilette sprays, purse sprays, and body lotions. In addition, the company offers weekend and travel accessories, travel bags, and other lifestyle products. Further, it holds licensing rights to market and distribute footwea r, eyewear, watches, and fragrances under the Coach brand name. The company markets its products to consumers through a network of company-operated stores comprising Internet in North America; and Coach-operated stores and concession shop-in-shops in Japan, Mainland China, Hong Kong, Macau, Singapore, Taiwan, Malaysia, South Korea, the United Kingdom, France, Ireland, Spain, Portugal, Germany, Italy, Belgium, and the Netherlands. It also sells its products to wholesale customers and distributors in approximately 45 countries. As of June 27, 2015, the company operated 258 Coach retail and 204 Coach outlet leased stores located in North America; 503 Coach-operated concession shop-in-shops within department, retail, and outlet stores internationally; and 54 Stuart Weitzman stores. Coach, Inc. was founded in 1941 and is based in New York, New York.
- [By Ben Levisohn]
But in the what-have-you-done-for-me-lately world of the stock market, that was the past, and the present and future, well they don’t look so hot. For the third quarter, the Vera Bradley, which competes against Coach (COH) and Michael Kors (KORS), among others, now expects sales between$128 million to $130 million, below forecasts for about $147 million, and a profit of 30 cents to 35 cents, below forecasts for a 48-cent profit. In 2014, Vera Bradley expects sales of$535 million to $540 million, below forecasts for $575, while its earnings should come in between$1.47 and $1.52, below expectations of $1.72.And did I mention that its margins are expected to decline too?
- [By Ben Levisohn]
Shares of Michael Kors Holdings have soared 24% to $49.99 at 3:23 p.m. today, while Kate Spade (KATE) has risen 1.9% to $18.19, and Coach (COH) has dropped 0.5% to $37.02.
- [By Ben Levisohn]
We explained why Coach (COH) fell despite beating earnings forecasts, and why American Airlines (AAL) was able to rise today even as United Continental (UAL) and Delta Air Lines (DAL) fell.
10 Best Freight Stocks To Buy Right Now: The NASDAQ OMX Group Inc.(NDAQ)
The NASDAQ OMX Group, Inc. provides trading, clearing, exchange technology, securities listing, and public company services worldwide. It offers trading across various asset classes, including cash equities, derivatives, debt, commodities, structured products, and exchange traded funds; capital formation solutions; financial services and exchanges technology; market data products; and financial indexes, as well as clearing, settlement, and depository services. The company also provides broker services comprising technology and customized securities administration solutions, such as back-office systems to financial participants. In addition, it offers global listing services; technology solutions for trading, clearing, settlement, and information dissemination; and facility management integration, surveillance solutions, and advisory services, as well as develops and licenses NASDAQ OMX branded indexes, associated derivatives, and financial products. As of December 31, 2010 , a total of 2,778 companies listed securities on The NASDAQ Stock Market. The NASDAQ OMX Group supports the operations of approximately 70 exchanges, clearing organizations, and central securities depositories. The company was formerly known as The Nasdaq Stock Market, Inc. and changed its name to The NASDAQ OMX Group, Inc. in February 2008. The NASDAQ OMX Group, Inc. was founded in 1971 and is based in New York, New York.
- [By Maureen Farrell]
Twitter will try not to mimic Facebook’s mistakes on IPO day.
NEW YORK (CNNMoney) At the start of last year, Nasdaq (NDAQ) and Morgan Stanley (MS, Fortune 500) were on top of the tech world. Both landed key roles in Facebook’s hotly anticipated initial public offering.
But Facebook’s IPO changed that. Both companies were widely criticized for Facebook’s face plant of a debut. The problems that marred Facebook’s IPO clearly hurt the image of Nasdaq and Morgan Stanley.
- [By CNNMoney Staff]
Stocks continued to rally despite the fact that options trading was temporarily halted Monday afternoon at exchanges run by CBOE Holdings (CBOE), Nasdaq OMX (NDAQ), BATS Global Markets and Miami International Holdings due to issues at the Options Price Reporting Authority (OPRA), which provides trading data and price quotes.
10 Best Freight Stocks To Buy Right Now: TravelCenters of America LLC(TA)
TravelCenters of America LLC operates and franchises travel centers primarily along the United States interstate highway system. The company offers diesel fuel and gasoline, and diesel exhaust fluid; and operates full service restaurants under the Iron Skillet and Country Pride brands, as well as quick service restaurants primarily under Arby’s, Burger King, Dunkin’ Donuts, Godfather’s Pizza, Pizza Hut, Popeye’s Chicken & Biscuits, Starbuck’s Coffee, Subway, and Taco Bell brand names. It also operates truck repair and maintenance facilities that offer maintenance and emergency repair, and road services, such as oil changes, wheel alignments, and tire repair; and specialty services, including diagnostics and repair of air conditioning, brakes, and electrical systems. In addition, the company provides RoadSquad, a roadside truck service program; RoadSquad Connect, a centralized call center; and RoadSquad OnSite, a service progra m, as well as operates travel stores that offer packaged food and snack items, beverages, non-prescription drug and beauty supplies, batteries, automobile accessories, and music and video products. Further, it offers additional driver services, including specialized business services, which include information center; Reserve-It parking program; a banking desk; Wi-Fi Internet access; video game room; a laundry area; private showers; exercise facilities; and a theater or big screen television room. The company serves long haul trucking fleets and their drivers, independent truck drivers, and motorists. As of August 4, 2015, it operated 256 convenient full-service locations under the TravelCenters of America and Petro Stopping Centers brands in 43 states of the United States and Canada. The company also operated gasoline/convenience stores primarily under the Minit Mart brand. TravelCenters of America LLC was founded in 1992 and is headquartered in Westlake, Ohio.
- [By Lisa Levin]
In trading on Monday, energy shares dipped by 0.70 percent. Meanwhile, top losers in the sector included TravelCenters of America LLC (NYSE: TA), down 18 percent, and Alon USA Energy, Inc. (NYSE: ALJ), down 8 percent.