GBP/USD is trading at 1.3124, down 0.0137.
The pair is trading near the session lows in a rangebound fashion.
The International Monetary Fund (IMF) lowered the U.K. 2017 growth to 1.3 percent versus 2.2 percent previously.
The IMF reduced 2016 global growth to 3.1 percent versus 3.2 percent citing issues related to Brexit. The IMF also cut 2017 global growth by 0.1 percent to 3.4 percent.
Posted-In: british pound GBP/USDFutures Forex Markets
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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10 Best International Stocks To Buy For 2016: JA Solar Holdings, Co., Ltd.(JASO)
JA Solar Holdings Co., Ltd., together with its subsidiaries, designs, develops, manufactures, and sells solar power products based on crystalline silicon technologies. The companys principal products include monocrystalline and multicrystalline solar cells and modules. It also provides monocrystalline and multicrystalline silicon wafers; solar product processing services; and solar power plant project construction and development, and electricity generation services. The company sells its products primarily under the JA Solar brand name, as well as produces original equipment for manufacturers or customers under their brand names. JA Solar Holdings Co., Ltd. sells its solar cell and module products to module manufacturers, system integrators, project developers, and distributors worldwide. The company was founded in 2005 and is based in Shanghai, the Peoples Republic of China.
- [By Monica Gerson]
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.
Leju Holdings Ltd (ADR) (NYSE: LEJU) is projected to report its quarterly earnings at $0.14 per share on revenue of $194.20 million.
10 Best International Stocks To Buy For 2016: Rockwell Collins, Inc.(COL)
Rockwell Collins, Inc. designs, produces, and supports communications and aviation systems worldwide. The company operates through three segments: Commercial Systems, Government Systems, and Information Management Services. The Commercial Systems segment provides communications, navigation, and situational awareness and surveillance systems and products, as well as integrated avionics and cabin electronics, electro-mechanical, and simulation and training systems. It also offers satellite-based global voice and data communication products and services; wireless information distribution technologies; and maintenance, repairs, parts, after-sales support services, and aftermarket used equipment. This segment serves original equipment manufacturers of commercial air transport, business and regional aircraft, commercial airlines, and business aircraft operators. The Government Systems segment provides defense-related systems, produc ts, and services comprising communications systems and products; avionics sub-systems; precision targeting, electronic warfare, and range and training systems; and visual system products, and training systems and services. This segment serves U.S. Department of Defense, other ministries of defense, other government agencies, and defense contractors. The Information Management Services segment offers voice and data communication services; flight support services; airport communications and information systems; train dispatching and information systems; mission critical security systems; and backup communications services. This segment serves commercial airlines, business aircraft operators, the U.S. Federal Aviation Administration, airport and critical infrastructure operators, and passenger and freight railroads. The company markets its products directly to customers, as well as through sales force, dealers, and sales representatives. Rockwell Collins, Inc. was founded in 19 33 and is headquartered in Cedar Rapids, Iowa.
- [By Lu Wang]
Rockwell Collins (COL) sank 4.9 percent to $70.61. The maker of airplane cockpit instruments forecast revenue in fiscal 2014 will be no more than $4.60 billion. That missed the average analyst estimate of $4.93 billion in a Bloomberg survey.
- [By Ben Levisohn]
Of the 21 stocks Walton covers, he Buy ratings on eight, including Boeing (BA), Northrop Grumman (NOC), and Rockwell Collins (COL).
Shares of General Dynamics have dropped 4% to $129 at 2:34 p.m. today, while Boeing has fallen 1.1% to $131.43, Northrop Grumman has declined 0.6% to $193.89, and Rockwell Collins has 0.9% $90.83.
Top 10 Logistics Companies To Invest In 2016: EQT Corporation(EQT)
EQT Corporation (EQT), incorporated on June 10, 2008, is an energy company. The Company operates through two business segments: EQT Production and EQT Midstream. EQT Production is a natural gas producer in the Appalachian Basin with over 10 trillion cubic feet equivalent (Tcfe) of natural gas, natural gas liquid (NGL) and crude oil reserves across approximately 3.4 million acres, including approximately 630,000 gross acres in the Marcellus play. EQT Midstream provides gathering, transmission and storage services for the Company’s produced gas and for the independent third parties across the Appalachian Basin.
EQT Production Business Segment
The Company’s EQT Production segment conducts lateral horizontal and completion drilling in the Appalachian Basin. EQT Production’s properties are located in Pennsylvania, West Virginia, Kentucky and Virginia. EQT Production encompasses all of the Company’s acreage of proved developed and undeveloped natural ga s and oil producing properties. The Company’s proved reserves total over 10 Tcfe, consisting of proved developed producing reserves of approximately 5.8 Tcfe, proved developed non-producing reserves of approximately 0.5 Tcfe and proved undeveloped reserves of approximately 3.7 Tcfe. The Company commenced drilling operations on approximately 160 gross horizontal wells with an aggregate of approximately 868,000 feet of pay in the Marcellus, including Upper Devonian, play. The Company’s wells located in Pennsylvania are primarily in Marcellus formations with depths ranging from 5,000 feet to 8,000 feet. Its wells located in West Virginia are primarily in Marcellus and Huron formations with depths ranging from 2,500 feet to 6,500 feet. Its wells located in Kentucky are primarily in Huron formations with depths ranging from 2,500 feet to 6,000 feet. Its wells located in other areas are in Coalbed Methane (CBM), Utica and Permian formations with depths ranging from 2,000 feet to 1 3,500 feet. EQT Production owns and leases office space in P! ennsylvania, West Virginia, Kentucky and Texas.
EQT Midstream Business Segment
EQT Midstream owns or operates approximately 8,250 miles of gathering lines and approximately 180 compressor units with approximately 255,000 horsepower of installed capacity, as well as other general property and equipment. The Company’s EQT Midstream assets are located in the Marcellus and Utica Shales in southwestern Pennsylvania and northern West Virginia. EQT Midstream’s transmission and storage system includes approximately 900 miles of Federal Energy Regulatory Commission (FERC) regulated interstate pipeline that connects to over seven interstate pipelines and multiple distribution companies. EQT Midstream’s transmission and storage system is supported by approximately 20 natural gas storage reservoirs with approximately 660 million cubic feet (MMcf) per day of peak delivery capability and approximately 50 billion cubic feet (Bcf) of working gas capacity. EQT Midst ream owns and leases office space in Pennsylvania, West Virginia, Virginia and Kentucky. EQT Midstream’s gathering system volumes are transported to over four interstate pipelines: Columbia Gas Transmission, East Tennessee Natural Gas Company, Dominion Transmission and Tennessee Gas Pipeline Company.
- [By Gary Jakacky]
On the other hand, our economy shows more strength by the day. Oil prices remain stuck in a five year range. Natural gas prices are testing new lows: successful fracking techniques recently announced by EQT Corporation (EQT) in Seeking Alpha (10/17/2013 @ 2:29 PM on Market Currents) could cut over $1.5 billion from the costs of drilling for gas, as well as assuage "environmentalist" concerns about fracking. Fuel is a major cost for transportation companies. So maybe IYT can catch a third breath?
- [By Joel South and Taylor Muckerman]
In today’s segment, Joel South talks about an intriguing development from EQT Corp. (NYSE: EQT ) and Green Field Services, where the companies drilled a multistage fracked natural gas well in the Marcellus shale using 100% field natural gas. Using natural gas from close wells instead ofdieselto power rigs could be another game changer as oil and gas companies continue to increase drilling efficiencies and thereby significantly lower costs.
10 Best International Stocks To Buy For 2016: Xilinx, Inc.(XLNX)
Xilinx, Inc. designs and develops programmable devices and associated technologies worldwide. Its programmable devices comprise integrated circuits (ICs) in the form of programmable logic devices (PLDs), such as programmable system on chips, and three dimensional ICs; software design tools to program the PLDs; targeted reference designs; printed circuit boards; and intellectual property (IP), which consists of Xilinx and various third-party verification and IP cores. The company also offers legacy development boards; development kits, including hardware, design tools, IP, and reference designs that are designed to streamline and accelerate the development of domain-specific and market-specific applications; and configuration products, such as one-time programmable and in-system programmable storage devices to configure Xilinx field programmable gate arrays. In addition, it provides design services, customer training, field eng ineering, and technical support. The company offers its products to electronic equipment manufacturers in end markets, such as wired and wireless communications, industrial, scientific and medical, aerospace and defense, audio, video and broadcast, consumer, automotive, and test and measurement. Xilinx, Inc. sells its products through a network of independent distributors; and through direct sales to original equipment manufacturers by a network of independent sales representative firms and by a direct sales management organization. The company was founded in 1984 and is headquartered in San Jose, California.
- [By Beth Piskora]
They are listed below:
Altera (ALTR)yielding 1.7%
Apple (AAPL)yielding 2.5%
Applied Materials (AMAT)yielding 2.6%
Cisco (CSCO)yielding 2.9%
EMC Corp. (EMC)yielding 1.5%
International Business Machines (IBM)yielding 2.0%
KLA-Tencor (KLAC)yielding 3.2%
Microchip Technology (MCHP)yielding 3.6%
Oracle (ORCL)yielding 1.5%
Qualcomm (QCOM)yielding 2.1%
Texas Instruments (TXN)yielding 2.9%
Xilinx (XLNX)yielding 2.3%
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10 Best International Stocks To Buy For 2016: Medtronic plc(MDT)
Medtronic plc manufactures and sells device-based medical therapies worldwide. The companys Cardiac and Vascular Group segment offers pacemakers, implantable cardioverter defibrillators and cardiac resynchronization therapy devices, AF products, diagnostics and monitoring devices, and remote monitoring and patient-centered software; and heart valves, percutaneous coronary intervention stent products, surgical valve replacement and repair products, endovascular stent grafts, peripheral vascular intervention products, and products to treat superficial and deep venous diseases. Its Minimally Invasive Therapies Group segment provides gastrointestinal diagnostics, ablation, and interventional lung solutions; stapling, vessel sealing, and other surgical instruments; sutures; electrosurgery products; hernia mechanical devices; mesh implants; products for patient monitoring and recovery; sensors; monitors; compression and dialysis, enteral feeding, and wound care products; and operating room supplies, electrodes, needles, syringes, and sharps disposals. The companys Restorative Therapies Group segment offers products for various areas of the spine; bone graft substitutes; biologic products; trauma, implantable neurostimulation therapies, and drug delivery systems for the treatment of chronic pain, movement disorders, obsessive-compulsive disorder, overactive bladder, urinary retention, fecal incontinence, and gastroparesis; products to treat conditions of the ear, nose, throat, and neurological disorders; systems that incorporate advanced energy surgical instruments; products for haemostatic sealing of soft tissue and bone; and image-guided surgery and intra-operative imaging systems. Its Diabetes Group segment provides insulin pumps and consumables; continuous glucose monitoring systems; and Web-based therapy management software solutions. It serves hospitals, physicians, clinicians, and patients. M edtronic plc was founded in 1949 and is headquartered in Dub! lin, Ireland.
- [By Teresa Rivas]
Medtronic (MDT) is higher Monday, helped by a bullish note from SunTrust Robinson Humphrey.
Medtronic Micra pacemaker Medtronic/Associated Press
Analyst Bruce Nudell and his team intitiated coverage of the stock with a Buy rating and $93 price target. Nudell writes that he likes Medtronics leadership position across major markets, and he believes it can sustain mid-single digit revenue growth, while also expanding margins and growing earnings.
He also praises the companys robust free cash flow generation and its commitment to returning 50% or more of its cash to shareholders, and writes that the companys rich pipeline, opportunities in emerging markets and focus on economic value make it a compelling buy.
More detail from the note:
Medtronic is market leader across several medical device categories and well-positioned for healthy growth sustainably. While its significant exposure to large mature markets like spine, CRM, and stents will remain a drag, the pipeline is rich (target of 150-350bps annual growth contribution from new products), expansion into emerging markets (150-200bps of growth per year) as well as a keen focus on economic value yielding higher mix of services revenue (40-60bps of growth per year) makes us confident that mid-single digit revenue growth is sustainable.
With integration of Covidien ongoing, operating profitability and realization of cost synergies will remain the key focal point for investors nearer term; FX has clouded visibility, though management insists that underlying op-ex gains are firmly on track. Our model assumes deal related operating profit gains on the order of $900mm by FY2018 consistent with recent company commentary that the initial $850M target has potential upside. MDT foresees continued op-margin expansion beyond FY 2018 largely through plant rationalization (down from the current 80) which could drive outer year margin performance beyond that which we mod
10 Best International Stocks To Buy For 2016: AAON Inc.(AAON)
AAON, Inc., together with its subsidiaries, engages in the manufacture and sale of air conditioning and heating equipment primarily in the United States and Canada. The company offers rooftop units, chillers, air-handling units, make-up air units, heat recovery units, condensing units, commercial self contained units, and coils. It serves the commercial and industrial new construction and replacement markets. AAON, Inc. sells its products through manufacturers representatives and internal sales force. The company was founded in 1987 and is based in Tulsa, Oklahoma.
- [By Jonas Elmerraji]
We’re seeing the exact same setup in shares of small-cap HVAC firm Aaon (AAON). The biggest difference is that in AAON’s case, the ascending triangle pattern is coming in at the top of this stock’s recent price action, not at the bottom. That makes this a more textbook trade for September.
Another important difference is the fact that AAON hasn’t triggered yet. Shares have been coiling below $26 resistance since the middle of the summer; a breakout above that $26 level is the indicator that it’s time to buy. Whenever you’re looking at any technical price pattern, it’s critical to think in terms of buyers and sellers. Triangles and other price pattern names are a good quick way to explain what’s going on in this stock, but they’re not the reason it’s tradable. Instead, it all comes down to supply and demand for shares.
That resistance line at $26 is a price where there’s an excess of supply of shares; in other words, it’s a place where sellers have been more eager to take recent gains and sell their shares than buyers have been to buy. That’s what makes the move above it so significant — a breakout indicates that buyers are finally strong enough to absorb all of the excess supply above that price level.
Wait for that to happen before you put your money on this trade.
10 Best International Stocks To Buy For 2016: Beasley Broadcast Group Inc.(BBGI)
Beasley Broadcast Group, Inc., a radio broadcasting company, primarily engages in the operation of radio stations in the United States. The company sells commercial advertising airtime to local and national advertisers. It owns and operates 42 radio stations in various markets, including Atlanta and Augusta in Georgia; Boston, Massachusetts; Fort Myers-Naples, Miami-Fort Lauderdale, and West Palm Beach-Boca Raton in Florida; Fayetteville and Greenville-New Bern-Jacksonville in North Carolina; Las Vegas, Nevada; Philadelphia, Pennsylvania; and Wilmington, Delaware. The company also operates one radio station in the expanded AM band in Augusta, Georgia. In addition, it provides management services to two FM stations in Las Vegas, Nevada. Beasley Broadcast Group was founded in 1961 and is based in Naples, Florida.
- [By Benzinga News Desk]
Beasley Broadcast Group (NASDAQ: BBGI) and Greater Media have entered into a definitive agreement under which Beasley will acquire all of the outstanding stock of Greater Media for approximately $240 million.
10 Best International Stocks To Buy For 2016: Sunoco LP(SUN)
Sunoco LP engages in the wholesale distribution and retail sale of motor fuels primarily in Texas, New Mexico, Oklahoma, Louisiana, Kansas, Maryland, Virginia, Tennessee, Georgia, and Hawaii. It operates through two segments, Wholesale and Retail. It serves convenience stores and consignment locations, contracted independent convenience store operators, and other commercial customers. The company also distributes other petroleum products, such as propane and lubricating oils; and leases or subleases real estate properties used in the retail distribution of motor fuels. As of December 31, 2014, it operated 155 convenience stores and fuel outlets offering merchandise, food service, motor fuel, and other services in 5 states. Sunoco GP LLC serves as the general partner of the company. The company was formerly known as Susser Petroleum Partners LP and changed its name to Sunoco LP in October 2014. Sunoco LP is based in Houston, Te xas.
- [By Lisa Levin]
Here is the list of stocks going ex-dividend on August 3, 2016.
J B Hunt Transport Services Inc (NASDAQ: JBHT) – $0.2200 dividend, 1.0791 percent yield Johnson Controls Inc (NYSE: JCI) – $0.2900 dividend, 2.6250 percent yield FirstEnergy Corp. (NYSE: FE) – $0.3600 dividend, 3.9680 percent yield Sunoco LP (NYSE: SUN) – $0.8255 dividend, 10.7347 percent yield Wells Fargo & Co (NYSE: WFC) – $0.3800 dividend, 3.1588 percent yield BP plc (ADR) (NYSE: BP) – $0.6000 dividend, 6.8768 percent yield American Airlines Group Inc (NASDAQ: AAL) – $0.1000 dividend, 1.1442 percent yield Heidrick & Struggles International, Inc. (NASDAQ: HSII) – $0.1300 dividend, 2.9834 percent yield Alcoa Inc (NYSE: AA) – $0.0300 dividend, 1.1321 percent yield Sensient Technologies Corporation (NYSE: SXT) – $0.2700 dividend, 1.5341 percent yield
Posted-In: Ex-DividendNews Dividends Markets Trading Ideas
10 Best International Stocks To Buy For 2016: Monro Muffler Brake, Inc.(MNRO)
Monro Muffler Brake, Inc., incorporated on October 5, 1959, is engaged in the provision of automotive undercar repair and tire services in the United States. The Company provides a range of services on passenger cars, light trucks and vans for brakes; mufflers and exhaust systems, and steering, drive train, suspension and wheel alignment. The Company also provides other products and services, including tires and routine maintenance services, including state inspections. The Company is also engaged in repair and replacement of parts. The Company’s store provides a range of undercar repair services for brakes, steering, mufflers and exhaust systems, drive train, suspension and wheel alignment, as well as tire replacement and service. These services apply to all makes and models of domestic and foreign cars, light trucks and vans.
The Company also offers scheduled maintenance services in its stores where services are packaged and offered to consumers based upon t he year, make, model and mileage of each specific vehicle. The Company’s maintenance services include oil change services, heating and cooling system flush and fill service, belt installation, fuel system service and a transmission flush and fill service. The Company’s Tire Warehouse and Tire Barn Warehouse stores are typical service or tire stores involving tire services, including the mounting and balancing of tires, and the sale of road hazard warranties. All stores provide the installation of wiper blades. The Company offers mobile applications on the iPhone and Android platforms for the Monro, Mr. Tire, Tire Warehouse, and The Tire Choice brands. The Company’s mobile applications enable customers to manage vehicle service records on their smart phones and access information, coupons and specials.
The Company operated stores in approximately 25 states, including Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Kentucky, Maine, Maryland, Massachuse tts, Michigan, Missouri, New Hampshire, New Jersey, New York! , North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, Tennessee, Vermont, Virginia, West Virginia and Wisconsin, primarily under the names Monro Muffler Brake & Service, Tread Quarters Discount Tire, Mr. Tire, Autotire Car Care Center, Tire Warehouse, Tire Barn Warehouse, Ken Towery’s Tire & Auto Care, The Tire Choice and Car-X. The Company operated a chain of approximately 1,030 Company-operated stores, over 135 franchised locations and approximately 15 dealer-operated stores providing automotive undercar repair and tire services in the United States.
- [By Ben Levisohn]
Yesterday, shares of Monro Muffler Brake (MNRO) plunged 3.1% after Barron’s Leslie Norton panned the stock in this weekend’s issue of the magazine. And wouldn’t you know it? Monro’s shares are skidding lower once again today.
Norton’s argument was straightforward:
At a recent $62, Rochester, N.Y.based Monro (ticker: MNRO) trades at a lofty 28 times forward earnings, compared with a 10-year average of 21.1, and 17 times earnings for the Standard & Poors 500. With sales growth slowing as competition increases, Monros strategic goal of achieving 15% annual sales gains and 20% profit growth seems distant.
Any hint of more sluggish sales could push the shares down at least 10%. Bruce Geller, CEO of money manager Dalton Greiner Hartman Maher, who is short the stock, says, A fairly commoditized business with low organic growth deserves a more reasonable multiple of 20 times.
That would put the stock in the mid-$40s.
Shares of Monro Muffler Brake have dropped 4% to $57.59 at 3:49 p.m. today, leaving around 20% of downside.
UPDATE: This post initially misspelled ‘Brake’ as ‘Break.’ It’s been corrected.
10 Best International Stocks To Buy For 2016: TSR Inc.(TSRI)
TSR, Inc., together with its subsidiaries, provides contract computer programming services to commercial customers, and state and local government agencies in the metropolitan New York area, New England, and the mid-Atlantic region. It offers technical computer personnel to supplement in-house information technology capabilities. The company provides its staffing services in the areas of mainframe and mid-range computer operations, personal computers and client-server support, Internet and e-commerce operations, voice and data communications, and help desk support capabilities. TSR, Inc. was founded in 1969 and is based in Hauppauge, New York.
- [By Lisa Levin]
TSR Inc (NASDAQ: TSRI) shares shot up 35 percent to $5.15 following Q4 results. TSR reported Q4 earnings of $0.09 per share on revenue of $15.5 million.