Hertz Global Holdings (NYSE: HTZ ) is expected to report Q2 earnings on July 29. Here’s what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Hertz Global Holdings’s revenues will grow 21.7% and EPS will grow 28.6%.
The average estimate for revenue is $2.71 billion. On the bottom line, the average EPS estimate is $0.45.
Last quarter, Hertz Global Holdings booked revenue of $2.44 billion. GAAP reported sales were 24% higher than the prior-year quarter’s $1.96 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.21. GAAP EPS were $0.04 for Q1 against -$0.13 per share for the prior-year quarter.
10 Best Net Payout Yield Stocks To Buy Right Now: M/I Homes Inc. (MHO)
M/I Homes, Inc., together with its subsidiaries, primarily operates as a builder of single-family homes in the United States. The company operates in two segments, Homebuilding and Financial Services. The Homebuilding segment designs, constructs, markets, and sells single-family homes, attached townhomes, and condominiums to first-time, move-up, empty-nester, and luxury buyers in the Midwest, Mid-Atlantic, and southern regions. It markets its finished homes through company-employed sales consultants under the M/I Homes, Showcase Homes, and TriStone Homes trade names. This segment also purchases undeveloped land to develop into finished lots for the construction of single-family homes and for sale to others. As of December 31, 2011, it had 3,041 developed lots and 625 lots under development in inventory, as well as owned raw land expected to be developed into approximately 3,491 lots. The Financial Services segment is involved in originating and selling mortgages, and colle cting fees for title insurance and closing services. This segment serves as a title insurance agent by providing title insurance policies, and examination and closing services to purchasers of its homes. M/I Homes, Inc. was founded in 1973 and is based in Columbus, Ohio.
- [By WWW.DAILYFINANCE.COM]
Joe Raedle/Getty Images U.S. homebuilders’ confidence in the housing market surged this month to the highest level since January, reflecting a pickup in sales of new homes and heightened expectations for sales the second half of the year. The brighter sales outlook suggests home construction could pick up in coming months after a sluggish start this year. The National Association of Home Builders/Wells Fargo builder sentiment index released Wednesday rose this month to 53, up four points from a revised reading of 49 in June. Readings above 50 indicate more builders view sales conditions as good, rather than poor. The latest reading is the first above 50 since January, when it was 56. Builders’ view of current sales conditions for single-family homes, their outlook for sales over the next six months and traffic by prospective buyers each increased since June. Higher mortgage rates and the bad weather weighed on home sales in late 2013 and early this year. Harsh winter weather also contributed to a sluggish start to this year’s spring home-selling season. But sales of new homes have picked up in recent months. New home sales jumped 18.6 percent in May to a seasonally adjusted annual rate of 504,000, the highest level in six years. That followed a 3.7 percent increase in April. The gains came after declines in February and March. Even with the big overall gain, sales of new homes are still running at just about half the pace of a healthy real estate market. Still, the recent pickup in sales suggests that the housing recovery may be regaining its footing after slowing earlier this year. Economists say there is significant pent-up demand for homes as many potential buyers put off purchases over the past few years because of concerns about the economy. Solid job gains this year also bode well for housing. Employers added 288,000 jobs last month, the fifth straight month of gains above 200,000. The national unemployment rate has slid to 6.1 percent, a
- [By James E. Brumley]
Given the bad news regarding new-home sales unveiled this morning, it’s no real surprise that homebuilder stocks like KB Home (NYSE:KBH) and M/I Homes Inc. (NYSE:MHO) are struggling. KBH is down 2.8% as of the last look, while MHO shares are off 4.1%. None of the major homebuilder names are underwater as much as Meritage Homes Corp. (NYSE:MTH) is today, though, with its 8.6% drubbing. Already struggling, today’s stumble from MTH may well jump-start a more serious selloff that the bulls have thus far been able to stave off.
- [By Rich Duprey]
Homebuilder M/I homes (NYSE: MHO ) announced yesterday it will be paying a second-quarter cash dividend of $0.609375 per share on its outstanding depositary shares with each representing 1/1,000th of a Series A preferred share of M/I Homes. The dividend is not changing.
10 Best Net Payout Yield Stocks To Buy Right Now: Aristocrat Group Corp (ASCC)
ARISTOCRAT GROUP CORP. (AGC), incorporated on July 20, 2011, is a development-stage company. The Company has limited business operations. The development of its business has been limited to organizational matters, the preparation of its business plan, and the preparation of the financial statements and other information. Through Prenatal-Postpartum Supercare Centers, the Company is focused on to provide education services, health and fitness services, and emotional well-being spa services with the ability to purchase products designed especially for women who are in any phase of the childbearing process from planning a family through the newborn’s first year of life. As of July 25, 2011, the Company had not generated revenue.
The Company focused to engage certified childbirth educators and lactation consultants to provide on-site instructional services and educational expertise. Yoga Masters, licensed professional masseuses, nutritionists, licensed esthetici ans, as well as licensed professional therapists and certified fitness instructors will be engaged to provide their specific services. The Company is focused to offer a variety of educational and fitness and spa services with varying fees. The Company is focused to sell products designed for the expecting or new mother, as well as infant/toddler items. These products are focused to be sold through the Prenatal-Postpartum Supercare Center and on its Website, including maternity and infant products, nutritional, health and beauty products, and items regarding fitness and physical and emotional well-being. The Website focused to offer Education, Ask An Expert and On-line Communities (Chat Rooms)
The Company competes with R’ Us, Toys R’ Us, Wal-Mart, Curves for Women and Shapes for Women.
- [By CRWE]
Today, ASCC surged (+11.11%) up +0.060 at $.600 with 83,411 shares in play thus far (ref. google finance Delayed: 12:23PM EDT June 27, 2013).
As part of the big promotional push planned for the upcoming release of RWB Ultra-Premium Handcrafted Vodka, Luxuria Brands—the brand management division of the Aristocrat Group Corp. is investigating high-profile sponsorship opportunities in professional sports.
The company is gearing up to compete in the $21 billion U.S. spirits industry, in which many top brands grow their consumer loyalty with sports sponsorships.
10 Best Net Payout Yield Stocks To Buy Right Now: Usinas Siderurgicas de Minas Gerais SA Usiminas (USIM3)
Usinas Siderurgicas de Minas Gerais SA Usiminas, formerly COSIPA – Companhia Siderurgica Paulista, is a Brazil-based company engaged in the steel industry. The Company is principally involved in the production and sale of flat rolled steel. The Company and its subsidiaries operate throughout the steel production process. The Company divides its business into four segments: Mining; Solutions Usiminas and Automotive Usiminas, both units are related to steel processing and unit of capital goods and services through Usiminas Mechanics. The Company provides its products to various industrial sectors, such as automotive, marine, oil and gas, construction, machinery and equipment, among others. The Company offers its services both in Brazil and abroad. On December 20, 2013, the Company concluded transfer of the total stake in the share capital of Automotiva Usiminas SA to Aethra Sistemas Automotivos SA. Advisors’ Opinion:
- [By Ney Hayashi]
The Ibovespa rebounded from its biggest two-day drop since July 2012 as Usinas Siderurgicas de Minas Gerais SA (USIM3) led steelmakers higher, following a rally in commodity prices.
10 Best Net Payout Yield Stocks To Buy Right Now: Lloyds Banking Group PLC (LLOY)
Lloyds Banking Group plc is a holding company. The Company is a financial services group providing a range of banking and financial services, primarily in the United Kingdom, to personal and corporate customers. It operates in four segments: Retail, Commercial Banking, Wealth, Asset Finance and International, and Insurance. Retail provides banking, mortgages and other financial services to personal customers in the United Kingdom. Commercial Banking provides banking and related services to business clients Wealth, Asset Finance and International provides private banking and asset management and asset finance. Insurance provides long term savings, protection and investment products and provides general insurance to personal customers. In January 2014, Westpac Banking Corporation completed the acquisition of Lloyds Banking Group Plc’s Australian asset finance business, Capital Finance Australia Limited, and its Australian corporate loan portfolio, BOS International (Australi a) Ltd. Advisors’ Opinion:
- [By Inyoung Hwang]
BP rallied the most since January 2011 after Europe’s third-largest oil company also increased its dividend. Royal Dutch Shell Plc (RDSA), the region’s biggest crude producer, rose 1.5 percent. Lloyds Banking Group Plc (LLOY) lost 2 percent after reporting that its loss widened in the third quarter.
- [By Ruth David]
Governments seeking to cut debt were some of the biggest sellers of equities in the third quarter. Sweden sold a $3.4 billion stake in Nordea Bank, the Nordic region’s largest lender, on Sept. 25. The deal came a week after the U.K. sold a 3 billion-pound ($4.8 billion) holding in Lloyds Banking Group Plc (LLOY), its first disposal since bailing out the lender in 2008.
- [By Sofia Horta e Costa]
Lloyds Banking Group Plc (LLOY) climbed above the price at which the U.K. government has said it will break even on its 39 percent stake in the lender. European carmakers rose to their highest level since November 2007 as vehicle sales in the region increased for the first time in 19 months. FLSmidth & Co. A/S sank 9.7 percent after Europe’s biggest maker of cement-production lines said it signed fewer large orders.
- [By Corinne Gretler]
Novartis AG (NOVN) climbed 1.3 percent after saying a psoriasis treatment met all its objectives in a clinical study. Lloyds (LLOY) Banking Group Plc advanced 3.8 percent after a person with knowledge of the matter said a former Standard Chartered Plc executive may mount a bid for a stake in the U.K.’s biggest mortgage lender. TGS Nopec Geophysical ASA declined the most since May 2012 after cutting its full-year revenue guidance.
10 Best Net Payout Yield Stocks To Buy Right Now: DC Brands International Inc (HRDN)
DC Brands International, Inc. (DC Brands), incorporated on April 29, 1998, is engaged in the manufacture, marketing and distribution of health-related products that utilize natural botanicals, vitamins, minerals and supplements. As of December 31, 2009, the Company focused on the sale of products under its H.A.R.D. Nutrition label. As of December 31, 2009, the Company had two distinct types of products sold under its H.A.R.D. Nutrition logo, such as Functional Water Systems and nutritional supplements. Its H.A.R.D. Nutrition Functional Water System provides consumers with the combination of nutraceutical supplements with a functional beverage. All of the products sold under its H.A.R.D. Nutrition Functional Water System are sold in a bottle, which combines in one container water, which is lightly flavored, with vitamins stored in its licensed flip top compartment on the top of the bottle. DC Brands also sells other products included in its H.A.R.D. Nutrition label, such as herbal supplements, which are made from a mixture of herbs. The Company’s products are sold to consumers, primarily through retail outlet distribution. The Company’s wholly owned subsidiaries are DC Nutrition, Inc. and DC Brands, LLC. As of December 31, 2009, DC Brands, LLC was inactive. In June 2013, DC Brands International Inc acquired an undisclosed minority stake in Village Tea Co Distribution Inc.
Functional Water Systems
DC Brands’ Functional Water Systems are a combination of a functional beverage and a nutraceutical. The Company provides consumers with a combination of a beverage and a nutraceutical supplement all in one convenient bottle. As of December 31, 2009, the Company manufactured nine water systems. Each system includes supplements, vitamins and minerals that are enclosed in its licensed cap, which is attached to its bottle filled with a lightly flavored water specially formulated to act as a catalyst for the enclosed supple ments. The Functional Water Systems have a shelf life of one! year. The Company conducts periodic tests of the color, flavor and desired results of its products in house. Each product contains a label with a date stamp that specifies the shelf life.
The Company’s nine different systems are The Daily Basics, The Fat Fighter, The Get Over It-Feel Better Now, Whacked Energy, Wide Awake, Win, Fix It, Cleanse +, and Rebuild and Recover. The Daily Basics is a wellness product that includes vitamins and supplements. The Fat Fighter falls under the diet and weight loss category. The Get Over It-Feel Better Now is a wellness product that is a blend of vitamins, herbs and minerals. As of December 31, 2009, The Get Over It-Feel Better Now water system was sold in certain hotels in Las Vegas on a trial basis and was stocked in the guest rooms in the hotels and was marketed to combat hangovers. Whacked Energy and Wide Awake are part of its energy line. Win is geared towards athletes for use when conducting fitness training. Fix It is a combination of herbs and supplements. Cleanse+ is a 12 days total body cleansing system intended to be taken once every 90 days and Rebuild and Recover is a combination of products focused towards the serious athlete. All of its products contain ingredients that are focused to provide health-related benefits. The H.A.R.D. Nutrition Functional Water Systems are primarily sold in retail establishments.
The Company’s H.A.R.D. Nutrition Supplements are sold primarily though its wholly owned subsidiary DC Nutrition, Inc. and are focused at athletes and improving performance. As of December 31, 2009, the Company had approximately 300 products in this product line, which it divided into the four categories: performance and strength supplements, wellness products, energy supplements, and the weight loss and diet products.
The Company competes with Coca-Cola and Pepsi.
- [By Peter Graham]
Small cap stocks COREwafer Industries Inc (OTCMKTS: WAFR), DC Brands International, Inc (OTCMKTS: HRDN) and PV Enterprises International (OTCMKTS: PVEC) surged 82.86%, 33.33% and 25%, respectively, last Friday – meaning investors or traders got a nice Christmas present. Moreover, these small cap stocks have been the subject of minimal paid stock promotions. But will these three small cap stocks continue to deliver a good performance into and after the holidays? Here is a quick reality check before you get overly excited:
10 Best Net Payout Yield Stocks To Buy Right Now: comScore Inc.(SCOR)
comScore, Inc. provides a range of digital analytics solutions primarily in the United States, Europe, and Canada. The company offers its customers with information regarding usage of their online properties and those of their competitors, coupled with information on consumer demographic characteristics, attitudes, lifestyles, and offline behavior solutions through its digital media measurement platforms. Its digital media measurement platforms consist of proprietary databases and a computational infrastructure that measures, analyzes, and reports on digital activity. The company also provides audience analytics tools that measure the size, behavior, and characteristics of Internet users on PCs, mobile devices, and tablets, as well as insight into online advertising; and advertising analytics products, such as AdEffx, Media Planner 2.0, and Campaign Essentials, which provide solutions for developing, executing, and evaluating online advertising campaigns, as well as valida ted campaign essentials that provide intelligence regarding validated impressions. In addition, it offers Web analytics products and solutions, as well as Web analytics platform that integrates data from multiple sources, including Web, mobile, video, and social media interactions; and mobile and network analytics products, such as comprehensive market intelligence and network solutions to mobile carriers with information on network optimization and capacity planning, customer experience, and market intelligence. The company serves Internet service providers, investment banks, media and digital agencies, consumer banks, wireless carriers, pharmaceutical makers, credit card issuers, and consumer packaged goods companies. comScore, Inc. was founded in 1999 and is headquartered in Reston, Virginia.
- [By Paul Ausick]
The data comes from the latest report on the U.S. smartphone market from comScore Inc. (NASDAQ: SCOR).
On the operating system (platform) front, Apple gained 1.2% share in the three-month period to post a total of 41.8% of the platform market. Google Inc.’s (NASDAQ: GOOG) lost 0.3% share during the period, but continues to hold over half the platform market, with a 51.5% share. BlackBerry Ltd. (NASDAQ: BBRY) dropped 0.4% to post a 3.4% share, while Microsoft Corp. (NASDAQ: MSFT) lost 0.2% to post a 3.1% share.
- [By DAILYFINANCE]
Ross D. Franklin/APAmazon.com employee Hugh Johnson Jr. packs up a box at an Amazon.com warehouse earlier this month. Americans waited until the last minute to buy holiday gifts, but retailers weren’t prepared for the spike in sales. Heavy spending in the final days of the mostly lackluster season sent sales up 3.5 percent between Nov. 1 and Tuesday, according to MasterCard Advisors SpendingPulse, which tracks payments but doesn’t give dollar figures. Online shopping led the uptick, with spending up 10 percent to $38. 91 billion between Nov. 2 and Sunday, research firm ComScore (SCOR) said. “We always have last-minute Charlies, but this year even people who normally complete shopping earlier completed shopping later,” said Marshal Cohen, chief retail analyst at market research firm NPD Group. The late surge caught companies off guard. UPS (UPS) and FedEx (FDX) failed to deliver some packages by Christmas due to a combination of poor weather and overloaded systems, leaving some unhappy holiday shoppers. Justin Londagin and his wife ordered their 7-year-old son a jersey of Russell Wilson of the Seattle Seahawks from NFL’s website on Dec. 19. They paid $12.95 extra for two-day shipping to get it to their Augusta, Kan., home before Christmas, but it didn’t arrive in time. “We had to get creative and wrote him a note from Santa to tell him that the jersey fell out of the sleigh and Santa will get it to him as soon as he could,” he said. Amazon.com (AMZN) is offering customers with delayed shipments a refund on their shipping charges and $20 toward a future purchase. And other retailers such as Macy’s said they are looking into the situation. The last-minute surge this year solidifies the increasing popularity of online shopping, which accounts for about 10 percent of sales during the last three months of the year. It also underscores the challenges that companies face delivering on the experience, particularly during the holiday shopping season that runs
10 Best Net Payout Yield Stocks To Buy Right Now: Iron Mountain Incorporated(IRM)
Iron Mountain Incorporated, together with its subsidiaries, provides information management services primarily in North America, Europe, Latin America, and the Asia Pacific. The company offers records management services, including records management program development and implementation based on best-practices to help customers comply with specific regulatory requirements; implementation of policy-based programs that feature storage for various media comprising paper; flexible retrieval access and retention management; hybrid services to help organizations gain control over their paper records; and specialized services for vital records and regulated industries, such as healthcare, energy, government, and financial services. It also provides data protection and recovery services, such as disaster preparedness; off-site vaulting of data backup media for data recovery in the event of a disaster, human error, or virus; online backup and recovery solutions for desktop and la ptop computers, and remote servers; and technology escrow services to protect and manage source code and other proprietary information. In addition, the company offers information destruction services that primarily consist of physical secure shredding operations; and is involved in the shredding of sensitive documents to third-party recyclers. Further, it provides fulfillment services that assemble custom marketing packages and orders, as well as provide reporting on customer marketing literature inventories; and professional consulting services to develop and implement comprehensive records and information management programs. Iron Mountain Incorporated serves commercial, legal, banking, health care, accounting, insurance, entertainment, and government organizations. The company was founded in 1951 and is headquartered in Boston, Massachusetts.
- [By Ben Levisohn]
Last week, the IRS gave Iron Mountain (IRM) what it wanted: REIT status. Since then, the storage company’s shares have jumped 18%–and JPMorgan thinks they could head higher.
JPMorgan’s Andrew Steinerman and Jeffrey Volshteyn explain why they now rate Iron Mountain Overweight:
Iron Mountain announced that it achieved IRS approval for REIT status retroactively as of January 1, 2014, completing a process that began in 2012. Iron Mountain stock leaped 20% on Thursday due to the large cash tax savings and the resulting increased dividend. We still see continued upside due to valuation as yield-oriented and REIT investors are attracted to Iron Mountain. While we recognize that Iron Mountain will not prospectively trade at a full real estate valuation (due to the services side of their business), the REIT structure should help highlight the sizable valuation gap that exists today and should narrow over time.
Iron Mountain is much cheaper than the industrial, self storage and data center REITs that carry dividend yields of 3.6%, 3.3% and 4.6% respectively. We believe the dividend yields of prison stocks (also non-traditional REITs), which have dividend yields of 6.3%, provide downside protection to Iron Mountain.
Prison REIT Corrections Corp of America (CXW) yields 6.2% and trades at 24.9 times earnings, while Geo Group (GEO) yields 6.4% on a P-E ratio of 20.8 times.
Shares of Iron Mountain have, while Correction Corp of America has and Geo Group has.
- [By Ben Levisohn]
Think of Iron Mountain (IRM) as any heavy metal band after Nirvana broke in 1991. Suddenly, a way of playing music that had been wildly successful was looked at as an anachronism and bands like Metallica cut their hair, wore flannel and did just about anything they could think of to fit in in a changed world.
Getty Images/Lonely Planet Image
That’s Iron Mountain today. It has a business that was once fantastic–storing paper files for corporations. But in a digital world, that business is passé, even if it still brings in tons of money. Sure, Iron Mountain is doing everything it can to change its stripes–offering digital services, trying to morph into a REIT–but Iron Mountain is still what it is.
And that’s a struggling business.
On Friday, Iron Mountain released financial results and promptly fell 4.3%, as its earnings and revenue were in line with analyst forecasts but Iron Mountain’s North American storage growth turned negative, perhaps for the first time ever, notes Jefferies’ Dan Dolev and Trevor Young.
So what now? Dolev and Young don’t think emerging markets can fix what ails Iron Mountain:
It was encouraging to see international storage internal growth decelerate only slightly (-20bps to +6.3%) as it faced +70bps tougher compares…Is the strength sustainable? We are hopeful, but are not holding our breath given that 1) 4Q storage internal growth in developed international markets (e.g. Western Europe) was already below the FY average (+2.2% vs. +2.5% for the FY), and 2) although 4Q EM storage internal growth accelerated (+13.4% vs. +13.2% for the FY), history suggests that EMs can skip decades of technology evolution and upgrade directly to the newest technology (e.g. smartphones in China).
Dolev and Young also doubt Iron Mountain’s M&A strategy. They explain why:
With FY13 global storage internal growth 3x slower than during the Great Re
- [By Ben Levisohn]
Iron Mountain’s (IRM) story is now well known. Beset by a secular decline in its paper storage business, Iron Mountain has bet that a conversion into a real-estate investment trust can cure what ails it, by attracting investors interested in its potential yield. The IRS hasn’t seemed too willing to let Iron Mountain become a REIT, but the fact that it could is most likely all that stands in the way of the stock and a lower share price. And so Iron Mountain remains range bound, as investors wait to see what the IRS will do.
But maybe even the REIT conversion won’t be the savior Iron Mountain–and its investors–hope it will be. Jefferies’ Dan Dolev and team explain:
The outcome of the IRS’ ruling is difficult to predict, but our analysis shows a potentially more muted upside and a bigger downside than many believe. A favorable ruling could trigger a short squeeze, somewhat offset by Event Driven Hedge Funds liquidating. An influx of REIT investors is possible, but our analysis shows that many already own [Iron Mountain]. Alternatively, an adverse ruling could steer attention back to weakening fundamentals, potentially leading to the P/E’s of IRM (24x) and Recall (13x) converging.
Given an already tentative adverse ruling, the bar is high for [Iron Mountain] to convince the IRS that its racking structures are indeed real estate. The IRS would have to ignore its 1975 revenue ruling that it has relied on heavily for nearly 40 years. Even if [Iron Mountain] became a REIT, there is still no guarantee that REIT dedicated investors would buy the stock, especially given rising secular concerns.
Shares of Iron Mountain have dropped 2.1% to $25.86 at 3:47 p.m.
10 Best Net Payout Yield Stocks To Buy Right Now: Pacira Pharmaceuticals Inc.(PCRX)
Pacira Pharmaceuticals, Inc., a specialty pharmaceutical company, engages in the development, commercialization, and manufacture of pharmaceutical products for use in hospitals and ambulatory surgery centers. The company develops pharmaceutical products based on its proprietary DepoFoam drug delivery technology. Its product portfolio includes EXPAREL, a long-acting non-opioid postsurgical analgesic for postsurgical pain management; DepoCyt for the treatment of lymphomatous meningitis, a cancer of the immune system; DepoDur for controlling post operative pain; DepoNSAID, which is in preclinical trials for the relief of acute pain; and DepoMethotrexate that is in preclinical trials for the treatment of rheumatoid arthritis oncology. The company was formerly known as Pacira, Inc. and changed its name to Pacira Pharmaceuticals, Inc. in October 2010. Pacira Pharmaceuticals, Inc. was founded in 2006 and is headquartered in Parsippany, New Jersey.
- [By Lisa Levin]
Pacira Pharmaceuticals (NASDAQ: PCRX) shares moved up 6.48% to $69.69. The volume of Pacira Pharmaceuticals shares traded was 350% higher than normal. Pacira Pharmaceuticals priced its public offering of 1,600,000 shares at $64.00 per share.
- [By Jake L’Ecuyer]
Leading and Lagging Sectors
Monday morning, the healthcare sector proved to be a source of strength for the market. Leading the sector was strength from Nordion (NYSE: NDZ) and Pacira Pharmaceuticals (NASDAQ: PCRX). Utilities sector rose by just 0.19 percent in the US market today.
- [By STOCKPICKR]
Pacira Pharmaceuticals (PCRX) is an emerging specialty pharmaceutical company engaged in development, commercialization and manufacture of proprietary pharmaceutical products for use in hospitals and ambulatory surgery centers. This stock closed up 12.5% at $55.93 in Monday’s trading session.
Monday’s Volume: 944,000
Three-Month Average Volume: 517,152
Volume % Change: 80%
From a technical perspective, PCRX exploded higher here back above its 50-day moving average of $52.50 with above-average volume. This stock recently formed a double bottom chart pattern at $46.55 to $47.21. Since forming that bottom, shares of PCRX have started to rip higher and move within range of triggering a major breakout trade. That trade will hit if PCRX manages to take out Monday’s intraday high of $56 to its 52-week high at $56.94 with high volume.
Traders should now look for long-biased trades in PCRX as long as it’s trending above its 50-day at $52.20 and then once it sustains a move or close above those breakout levels with volume that’s near or above 517,152 shares. If that breakout hits soon, then PCRX will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $60 to $63.
A.M. Castel (CAS) is a specialty metals and plastics distribution company. Its core products include nickel alloys, aluminum, stainless steel and carbon in various forms, such as plate, bars, tubing and coil. This stock closed up 9% at $14.88 in Monday’s trading session.
Monday’s Volume: 487,000
Three-Month Average Volume: 156,083
Volume % Change: 204%
From a technical perspective, CAS gapped sharply higher here back above its 50-day moving average of $14.27 and into breakout territory above some near-term overhead resistance at $14.37 with strong upside volume. This move pushed shares of CAS out of its downtre
- [By Jay Silverman]
So, first off Jay, congratulations. Among the 81 top picks in the 2013 report, The Medical Technology Stock Letter had the second best performing stock, Pacira Pharmaceuticals (PCRX), which was up 180%. Could you tell us a little about the company and the reasoning behind that original recommendation?
10 Best Net Payout Yield Stocks To Buy Right Now: iShares Government/Credit Bond ETF (GBF)
iShares Lehman Government/Credit Bond Fund (the Fund) seeks investment results that correspond to the price and yield performance of the United States Government and investment-grade United States corporate securities of the United States bond market as defined by the Lehman Brothers U.S. Government/Credit Index (the Index). The Fund invests in a representative sample of the securities in the Index, which has a similar investment profile as the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.
The Index measures the performance of United States dollar-denominated United States Treasuries, government-related securities and investment-grade United States corporate securities that have a remaining maturity of greater than or equal to one year, and have more than $250 million or more of outstanding face value. The securities must be fixed-rate and non-convertible securities.
- [By Jonathan Morgan]
Bilfinger SE (GBF) climbed 3.1 percent to 74.30 euros. Germany’s second-largest builder predicted a significantly stronger second half after reporting second-quarter net income of 47 million euros ($62.5 million), which was in line with analysts’ estimates.
10 Best Net Payout Yield Stocks To Buy Right Now: IMF (AUSTRALIA)
IMF (Australia) Ltd investigates, manages, and funds litigation and arbitration claims primarily in Australia and the United States. Its litigations include commercial claims, insolvency claims, and group actions. The company offers funding for litigation and investigations preliminary to litigation; payment of adverse costs orders; strategic planning, monitoring, and managing of litigation; factual investigation, including asset tracing; and assistance in facilitating settlements and maximizing the value of each claim. IMF (Australia) Ltd is based in Sydney, Australia.
- [By GURUFOCUS]
News Corp. (0.4%) (NWSA – $16.06 (0.3%) NWS – $16.43 (0.1%) – NASDAQ)(NWSA), based in New York, operates in five segments: 1) News and information services – U.S., United Kingdom, and Australian publishing businesses, including The Wall Street Journal, the Times of London, and the New York Post, along with News America Marketing Corp., a leading provider of free standing inserts (FSIs or cents off coupons); 2) Cable network programming – Fox Sports Australia; 3) Digital real estate services – a 62% interest in publicly traded REA Group Ltd. (Australia); 4) Book publishing – Harper Collins, one of the largest English language publishers in the world; and 5) Other – primarily the company’s K-12 education business – Amplify. On June 28, 2013, ‘old News’ Corp. (now Twenty-First Century Fox Inc. (2.4%)) spun off most of its non entertainment assets (‘new News’) to holders on a one for four basis. We estimate that the company will generate about $800 million of EBIT DA on $8.7 billion of revenues for the year ending June 30, 2014.
- [By Charles Mizrahi]
Companies rely on third party contractors, such as Atwood Oceanics (ATW) to provide rigs in these deep-water environments. High utilization rates have resulted in rig shortages, creating upward pressure on prices. Atwood’s largest customers include Chevron (Australia), Noble, and Kosmos Energy Ghana.