Fidelity has a mutual fund roster filled with stalwarts: portfolios that consistently beat their peers over time, run by solid managers who stay put for decades. Will Danoff, for instance, has managed Contrafund for 23 years. Joel Tillinghast has been at Low-Priced Stock for 24 years. Both Contra and Low-Priced are members of the Kiplinger 25, the list of our favorite no-load funds. But Fidelity has several other funds that are run by an emerging group of stars and that are also worth a look. Here is a rundown of our favorites at the Boston-based behemoth (all figures are through October 16).
See Also: Don’t Give Up on the American Funds Stock funds
Blue Chip Growth (FBGRX). This large-company growth fund often veers more toward the “growth” part of its name than the “blue chip” part. For example, some of its best-performing-stocks over the past 12 month are such highfliers as Gilead Sciences, the biotech firm (up 92% over the past 12 months), carmaker Tesla Motors (554%) and Green Mountain Coffee Roasters (201%). Of course, bigger, more-established names that fit the fund’s blue-chip mandate are part of the portfolio, too: Apple (-22.9% over the past year), Coca-Cola (0.3%) and Procter & Gamble (13.5%), to name a few.
5 Best Construction Material Stocks To Watch For 2014: CEMEX SAB de CV (CX)
CEMEX, S.A.B. de C.V. (CEMEX), incorporated on January 20, 1931, is a global cement manufacturer with operations in North America, Europe, South America, Central America, the Caribbean, Africa, the Middle East and Asia. The Company is a holding company engaged through the operating subsidiaries in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates and clinker. As of December 31, 2009, the Company’s cement production facilities were located in Mexico, the United States, Spain, the United Kingdom, Germany, Poland, Croatia, Latvia, Colombia, Costa Rica, the Dominican Republic, Panama, Nicaragua, Puerto Rico, Egypt, the Philippines and Thailand.
The Company manufactures cement through a closely controlled chemical process, which begins with the mining and crushing of limestone and clay, and, in some instances, other raw materials. The clay and limestone are then pre-homogenized, a process which consists of combining diffe rent types of clay and limestone. The mix is typically dried, then fed into a grinder, which grinds the various materials in preparation for the kiln. The raw materials are calcined, or processed, at a very high temperature in a kiln, to produce clinker. Clinker is the intermediate product used in the manufacture of cement.
Ready-mix concrete is a combination of cement, fine and coarse aggregates, admixtures (which control properties of the concrete including plasticity, pumpability, freeze-thaw resistance, strength and setting time), and water. The Company is a supplier of aggregates primarily the crushed stone, sand and gravel, used in virtually all forms of construction.
During the year ended December 31, 2009, the Mexican operations represented approximately 21% of the Company’s net sales. CEMEX Mexico is a direct subsidiary of CEMEX and is both a holding company for some of the operating companies in Mexico a nd an operating company involved in the manufacturing and ma! rketing of cement, plaster, gypsum, groundstone and other construction materials and cement by-products in Mexico. CEMEX Mexico, indirectly, is also the holding company for the international operations. The Company owns Tolteca, Monterrey, Maya, Anahuac, Campana, Gallo, and Centenario brands in Mexico. As of December 31, 2009, the Company owned 100% of CEMEX Mexico.
The Company competes with Holcim Ltd., Sociedad Cooperativa Cruz Azul, Cementos Moctezuma, Grupo Cementos Chihuahua and Lafarge Cementos in Mexico.
As of December 31, 2009, the Company’s operations in the United States represented approximately 19% of the Company’s net sales. As of December 31, 2009, the Company held 100% of CEMEX, Inc. As of December 31, 2009, CEMEX had a cement manufacturing capacity of approximately 17.9 million tons per year in the United States operations. As of December 31, 2009, the Company operated 14 cement plants located in Al abama, California, Colorado, Florida, Georgia, Kentucky, Ohio, Pennsylvania, Tennessee and Texas. As of December 31, 2009, it also had 48 rails or water served active cement distribution terminals in the United States. As of December 31, 2009, the Company had 336 ready-mix concrete plants located in the Carolinas, Florida, Georgia, Texas, New Mexico, Nevada, Arizona, California, Oregon and Washington and aggregates facilities in North Carolina, South Carolina, Arizona, California, Florida, Georgia, Kentucky, New Mexico, Nevada, Oregon, Texas, and Washington.
As of December 31, 2009, the operations in Spain represented approximately 5% of the Company’s net sales. As of December 31, 2009, the Company held approximately 99.8% of CEMEX Espana, the main operating subsidiary in Spain. The cement activities in Spain are conducted by CEMEX Espana. The ready-mix concrete activities in Spain are conducted by Hormicemex, S.A., a subsidiar y of CEMEX Espana, and the aggregates activities in Spain ar! e conduct! ed by Aricemex S.A., also a subsidiary of CEMEX Espana.
As of December 31, 2009, the Company’s operations in the United Kingdom represented approximately 8% of the Company’s net sales. As of December 31, 2009, it held 100% of CEMEX Investments Limited, the holding subsidiary in the United Kingdom. The Company is a provider of building materials in the United Kingdom with vertically integrated cement, ready-mix concrete, aggregates and asphalt operations. It is also a provider of concrete and precast materials solutions, such as concrete blocks, concrete block paving, roof tiles, flooring systems and sleepers for rail infrastructure.
The Company competes with Lafarge, Heidelberg, Tarmac, and Aggregate Industries in the United Kingdom.
As of December 31, 2009, the operations in the Rest of Europe consisted of the operations in Germany, France, Ireland, Poland, Croatia, the Czech Republic, Latvia, Austria and Hungary, as well as the other European assets. The Company is a provider of building materials in Germany, with vertically integrated cement, ready-mix concrete, aggregates and concrete products operations (consisting mainly of prefabricated concrete ceilings and walls). It maintains a network for ready-mix concrete and aggregates in Germany. As of December 31, 2009, the Company held 100% of CEMEX Deutschland AG, the holding subsidiary in Germany.
The Company competes with Heidelberg, Dyckerhoff, Lafarge, Holcim and Schwenk in Germany.
As of December 31, 2009, the Company held 100% of CEMEX France Gestion (S.A.S.), the holding subsidiary in France. It is a ready-mix concrete producer and aggregate producer in France. As of December 31, 2009, the Company operated 239 ready-mix concrete plants in France, one maritime cement terminal located in LeHavre, on the northern coast of Franc e, 20 land distribution centers and 42 aggregates quarries.
The Company competes with Lafarge, Holcim, Italcementi, Vicat, Lafarge, Italcementi, Colas (Bouygues) and Eurovia (Vinci) in France.
As of December 31, 2009, the Company held approximately 61.2% of Readymix Plc, the operating subsidiary in the Republic of Ireland. The operations in Ireland produce and supply sand, stone and gravel, as well as ready-mix concrete, mortar and concrete blocks. As of December 31, 2009, we operated 43 ready-mix concrete plants, 27 aggregates quarries and 15 block plants located in the Republic of Ireland, Northern Ireland and the Isle of Man. The Company imports and distributes cement in the Isle of Man.
The Company competes with CRH, the Lagan Group and Kilsaran in the Republic of Ireland.
As of December 31, 2009, the Company held 100% of CEMEX Polska Sp. z.o.o. (CEMEX Polska), the holding subsidiary in Poland. It is a provider of building mat erials in Poland serving the cement, ready-mix concrete and aggregates markets. As of December 31, 2009, CEMEX operated two cement plants and one grinding mill in Poland, with a total installed cement capacity of three million tons per year. As of December 31, 2009, the Company also operated 39 ready-mix concrete plants and nine aggregates quarries in Poland. As of December 31, 2009, the Company also operated 10 land distribution centers and two maritime terminals in Poland.
The Company competes with Heidelberg, Lafarge, CRH and Dyckerhoff in Poland.
Southeast European Operations
As of December 31, 2009, the Company held 100% of CEMEX Hrvatska d.d. (Hrvatska), the operating subsidiary in Croatia. As of December 31, 2009, it operated three cement plants in Croatia, with an installed capacity of 2.4 million tons per year. As of December 31, 2009, the Company also operated ten land distribution centers, three maritime cement terminals, e ight ready-mix concrete facilities and one aggregates quarry! in Croat! ia, Bosnia and Herzegovina, Slovenia, Serbia and Montenegro.
- [By Monica Wolfe]
Cemex SAB de CV (CX)
As of the close of the third quarter there were nine guru owners of Cemex. These gurus held a combined weighting of 5.30%. During the third quarter, there were three gurus making buys and nine making sells of their stake in CX.
- [By Ben Levisohn]
Shares of Vulcan have gained 7.6%, and given a lift to other cement makers today, including Martin Marietta Materials (MLM), which has risen 4.9% and reports earnings on Thursday, Cemex (CX), which has advanced 1.5%, and Texas Industries (TXI), which is up 4.9%.
5 Best Construction Material Stocks To Watch For 2014: Texas Industries Inc (TXI)
Texas Industries, Inc., incorporated on April 19, 1951, is a supplier of construction materials in the southwestern United States. The Company operates in three segments: cement, aggregates and consumer products. Its cement segment produces gray portland cement and specialty cements. The Company’s cement production and distribution facilities are concentrated primarily in Texas and California. Its aggregates segment produces natural aggregates, including sand, gravel and crushed limestone. The Company’s consumer products segment produces ready-mix concrete. It is also a supplier of natural aggregates and ready-mix concrete in Texas and northern Louisiana and in Oklahoma and Arkansas. As of May 31, 2013, the Company had 123 manufacturing facilities in five states.
The Company produces specialty cements, such as masonry and oil well cements. Its cement production facilities are located at Midlothian, Texas, south of Dallas/Fort Wo rth, Hunter, Texas, between Austin and San Antonio, and Oro Grande, California, near Los Angeles. It also operates a cement terminal and packaging facility at its Crestmore plant near Riverside, California, and the Company operates its gray portland cement grinding facility on an as needed basis. During the fiscal year ended May 31, 2013 (fiscal 2013), it produced approximately 4.3 million tons of finished cement. The Company shipped approximately 4.4 million tons during fiscal 2013, of which 3.8 million tons were shipped to outside trade customers.
The Company’s operations are conducted from facilities primarily serving the Dallas/Fort Worth and Austin areas in Texas; the southern Oklahoma area, and the Alexandria and Monroe areas in Louisiana. The Company produced approximately 14.2 million tons of natural aggregates during fiscal 2013. It shipped approximately 14.8 million tons of natural aggregates during fiscal 2013, of whi ch 11.3 million tons were shipped to outside trade customers! . The Company shipped approximately 1.0 million cubic yards of lightweight aggregates during fiscal 2013, of which approximately 0.9 million cubic yards were shipped to outside trade customers.
Consumer Products Segment
The Company’s ready-mix concrete operations are situated in three areas in Texas (the Dallas/Fort Worth/Denton area of north Texas, the Austin area of central Texas and from Beaumont to Texarkana in east Texas), in north and central Louisiana, and in southwestern Arkansas. It is also a 40% partner in a joint venture that has ready mix concrete operations in the northern part of central Texas area centered around Waco, Texas. It shipped approximately 2.8 million cubic yards of ready-mix concrete during fiscal 2013. The Company manufacture and supply a substantial amount of the cement and aggregates raw materials used by our ready-mix plants. The Company also marketed its Maximizer packaged concrete mixes in southern California.
- [By Holly LaFon]
Competitively advantaged holdings continued to demonstrate the value of moats at FedEx (FDX), Melco, and Texas Industries (TXI). These holdings were among our largest contributors to performance, and they exemplify activity prevalent across most of our holdings throughout the year.
- [By Jake L’Ecuyer]
Texas Industries (NYSE: TXI) was down, falling 4.36 percent to $65.78 after Longbow Research downgraded the stock from buy to neutral.
In commodity news, oil traded down 1.37 percent to $97.07, while gold traded up 1.73 percent to $1,223.10. Silver traded up 3.69 percent Thursday to $20.09, while copper fell 0.34 percent to $3.39.
5 Best Construction Material Stocks To Watch For 2014: Eagle Materials Inc (EXP)
Eagle Materials Inc., incorporated on January 27, 1994, manufactures and distributes gypsum wallboard and also manufactures and sells cement. Gypsum wallboard is distributed throughout the United States with particular emphasis in the geographic markets nearest to its production facilities. The Company sells cement in six regional markets, including northern Nevada and California, the greater Chicago area, the Rocky Mountain region, the Central Plains region and Texas. Its gypsum wallboard business is supported by its recycled paperboard business, while its cement business is supported by its concrete and aggregates business. The Company operates in Cement and Concrete and Aggregates, and Gypsum Wallboard and Recycled Paperboard segments. As of March 31, 2013, the Company operated six cement plants (one of which belongs to its joint venture company), five gypsum wallboard plants, one recycled paperboard plant, seventeen concrete batching plants and four aggregates faciliti es. The Company’s products are used in the construction and renovation of houses, roads, bridges, commercial and industrial buildings and other, newer generation structures like wind farms.
Cement, Concrete and Aggregates Operations
The Company’s cement production facilities are located in or near Buda, Texas; LaSalle, Illinois; Laramie, Wyoming; Sugar Creek, Missouri; Tulsa, Oklahoma and Fernley, Nevada. The Company’s cement subsidiaries are wholly-owned except the Buda, Texas plant, which is owned by Texas Lehigh Cement Company LP, a limited partnership joint venture owned 50% by the Company and 50% by Lehigh Cement Company LLC, a subsidiary of Heidelberg Cement AG. Its LaSalle, Illinois plant operates under the name of Illinois Cement Company; the Laramie, Wyoming plant operates under the name of Mountain Cement Company; the Fernley, Nevada plant operates under the name of Nevada Cement Company and its Sugar Creek, Missouri and Tulsa, Okla homa plants operate under the name Central Plains Cement Com! pany. The Company produces and distributes ready-mix concrete from Company-owned sites north of Sacramento, California; Austin, Texas and the greater Kansas City area. The Company’s activities in its frac sand business are in the Utica, Illinois area and in south Texas. The Company sells aggregates to building contractors and other customers engaged in a variety of construction activities.
Gypsum Wallboard and Recycled Paperboard Operations
The Company owns five gypsum wallboard manufacturing facilities. As of March 31, 2013, the Company’s gypsum wallboard production totaled 1,950 million square feet. Total gypsum wallboard sales were 1,909 million square feet during the fiscal year ended March 31, 2013 (fiscal 2013). The Company also manufactures alternative products, including containerboard grades (such as linerboard and medium) and lightweight packaging grades (such as bag liner). In addition, recycled industrial paperboard grades (tube/cor e stock and protective angle board stock) are produced to maximize manufacturing efficiencies. The Company’s manufactured recycled paperboard products are sold to gypsum wallboard manufacturers and other industrial users.
The Company competes with USG Corporation, National Gypsum Company and Koch Industries.
- [By Dan Caplinger]
Tomorrow, Eagle Materials (NYSE: EXP ) will release its latest quarterly results. The key to making smart investment decisions on stocks reporting earnings is to anticipate how they’ll do before they announce results, leaving you fully prepared to respond quickly to whatever inevitable surprises arise. That way, you’ll be less likely to make an uninformed knee-jerk reaction to news that turns out to be exactly the wrong move.
- [By Rich Duprey]
Cement and building materials maker Eagle Materials (NYSE: EXP ) announced yesterday its second-quarter dividend of $0.10 per share, the same rate it’s paid since 2008.
5 Best Construction Material Stocks To Watch For 2014: Boral Ltd (BLD)
Boral Limited (Boral), is engaged in the manufacture and supply of building and construction materials in Australia, the United States and Asia. The Company’s operating segments include Construction Materials & Cement, Building Products, Boral Gypsum, and Boral USA. The Construction Materials & Cement is engaged in quarries, concrete, asphalt, transport, landfill, property, cement and concrete placing. The Building Products segment is engaged in Australian bricks, roof tiles, masonry, timber products and windows. The Boral Gypsum involves Australian and Asian plasterboard. The Boral USA is engaged in Bricks, cultured stone, roof tiles, fly ash, concrete and quarries. Advisors’ Opinion:
- [By Eric Lam]
Ballard Power (BLD), which designs and manufactures hydrogen fuel cells, slumped 15 percent to C$1.42, the biggest decline since March. The company yesterday said it will sell about 9 million units at $1.40 a unit for proceeds of about $12.6 million. The cash generated will be used to fund working capital, support growth and general corporate purposes, the company said.
5 Best Construction Material Stocks To Watch For 2014: Amcol International Corp (ACO)
AMCOL International Corporation (AMCOL), incorporated on December 3, 1959, is focused on the development and application of minerals and technology products and services to various industrial and consumer markets. It operates in five segments: performance materials, construction technologies, energy services, transportation and corporate. Its performance materials segment previously referred to as its minerals and materials segment is a supplier of bentonite related products. Its construction technologies segment previously referred to as its environmental segment provides products for non-residential construction, environmental and infrastructure projects worldwide. Its energy services segment previously referred to as its oilfield services segment offers a range of patented technologies, products and services for both upstream and downstream oil and gas production. Its transportation segment serves domestic subsidiaries, as well as third parties, is a dry van and flatbed carrier and freight brokerage service provider.
Performance Materials Segment
The Company supplies chromite and leonardite, and operates more than 25 mining or production facilities worldwide. It mines chromite, an iron chromium oxide, from open cast mines in South Africa and transport it to our nearby processing facility. Its primary uses include metalcasting, drilling fluid additive, and agricultural applications. Its performance materials segment conducts its business through wholly owned subsidiaries and investments in affiliates and joint ventures throughout the world. It consists of four product lines: metalcasting; specialty materials; basic minerals, and pet products. Its principal products are marketed under various registered trade names, including VOLCLAY, PANTHER CREEK, PREMIUM GEL, ADDITROL, ENERSOL, and Hevi-Sand.
The Company’s metalcasting products include blended mineral binders containing sodium and calcium bentonite and organic additives sold under the trade name ADDITROL. I! n the ferrous casting market, the Company specializes in blending bentonite of various grades by themselves or with mineral binders containing sodium bentonite, calcium bentonite, seacoal and other ingredients. It also has a line of formulated additives that introduce silicon and carbon in the melt phase of the casting process. In the steel alloy casting market, it sells a chromite product with a particle size distribution specific to a customer’s needs.
The Company’s specialty materials products contain bentonite and synthetic additives offering solutions for consumer and industrial applications. It also offers products for bio-agricultural applications. The markets and applications of its specialty materials products include fabric care, personal care, basic materials and pet products. It supply high-grade, agglomerated bentonite and other mineral additives used in fabric care products. It manufactures adsorbent polymers and purified grades of bentonite fo r sale to manufacturers of personal skin care products. The adsorbent polymers are used to deliver high-value actives in skin-care products. Microsponge and Poly-Pore are the principal trade names under which these products are sold. Its basic minerals product line supplies minerals to a variety of markets and industrial applications, including drilling fluid additives, ferro alloys and other industrial.
The Company’s pet products include sodium bentonite-based scoopable (clumping), traditional and alternative cat litters, as well as specialty pet products sold to grocery and drug stores, mass merchandisers, wholesale clubs and pet specialty stores throughout the United States. It is primarily a private-label producer of cat litter, and its products are marketed under various trade names. These products are sold solely in the United States from three principal sites from which it package and distribute finished goods. Its transportation segment provides logist ics services and is a component of its capability in supplyi! ng custom! ers on a national basis.
Construction Technologies Segment
The Company’s construction technologies segment serves customers engaged in a range of construction projects, including site remediation, concrete waterproofing for underground structures, liquid containment on projects ranging from landfills to flood control, and drilling applications including foundation, slurry wall, tunneling, water well and horizontal drilling. Its construction technologies segment conducts its business through wholly owned subsidiaries and joint ventures throughout the world. This segment consists of four product lines: building materials; contracting services; drilling products, and lining technologies.
The Company sells lining and other products for a variety of applications, most of which are directed to preserving or remediating environmental issues. It helps customers protect ground water and soil through the sale of geosynthetic clay liner products containing bentonite. It market these products under the BENTOMAT and CLAYMAX trade names principally for lining and capping landfills, mine waste disposal sites, water and wastewater lagoons, secondary containments in tank farms, and other contaminated sites. It also provides associated geosynthetic materials for these applications, including geotextiles and drainage geocomposites.
The Company’s lining technologies product line also includes specialized technologies to mitigate vapor intrusion in new building construction. It also provides reactive capping technologies and solutions to contain residual contamination, reduce costs associated with ex-situ remedies, and aid in environmental protection. Products offered include Liquid Boot, a liquid applied vapor barrier system; REACTIVE CORE-MAT, an in-situ sediment capping material; ORGANOCLAY, which absorbs organic containments, and QUIK-SOLID, a super absorbent media.
The Company offer a variety of active and passive waterproofing and greenroof technolog! ies for u! se in protecting the building envelope of non-residential constructions, including buildings, subways, and parkway systems. Its products include VOLTEX, a waterproofing composite comprised of two polypropylene geotextiles filled with sodium bentonite; ULTRASEAL, an advanced membrane using a active polymer core, and COREFLEX, featuring heat-welded seams for protection of critical infrastructure. In addition to these membrane materials, it also provides roofing products and a variety of sealants and other accessories required to create a functional waterproofing system.
The Company drilling products are used in environmental and geotechnical drilling applications, horizontal directional drilling, mineral exploration and foundation construction. The products are used to install monitoring wells, facilitate horizontal and water well drilling, and seal abandoned exploration drill holes. VOLCLAY GROUT, HYDRAUL-EZ, BENTOGROUT and VOLCLAY TABLETS are among the trade nam es for products used in these applications. It also offer a range of drilling products used in the excavation of foundations for large buildings, bridges and dams; these products include SHORE PAC and PREMIUM GEL. Contracting services, which involve installation of products, are occasionally offered to customers for select projects.
Energy Services Segment
The Company’s energy services segment provides services to improve the production, costs, compliance, and environmental impact of activities performed in the oil and gas industry. Operating as CETCO Energy Services, it offer a range of patented technologies, products and services for all phases of oil and gas production, transportation, refining, and storage throughout the world. It provide both land-based and offshore water treatment, well testing, pipeline separation, nitrogen, coil tubing and other services to the oil and gas industry. The Company provides its services through subsidiaries lo cated in Australia, Brazil, Malaysia, Nigeria, the United Ki! ngdom, an! d the United States, principally in the Gulf of Mexico and the surrounding on-shore area. Its principal services include water treatment, coil tubing, well testing, nitrogen services and pipeline. The Company helps customers comply with regulatory requirements by providing equipment, technologies, personnel and filtration media to treat waste water generated during oil production.
The Company’s coil tubing services utilize metal piping, which comes spooled on a large reel. It provide both equipment and operating personnel to perform services ranging from acid stimulation, reverse circulation, cementing, pressure control, nitrogen injection, and other operations that involve pumping fluids into a well. Horizontal wells and shale completions are a large component of its operations. It provide equipment and personnel to help customers control well production, as well as to clean up, unload, separate, measure component flow, and dispose of fluids from oil and gas w ells. Nitrogen services are provided in jetting wells that are loaded with fluid; stimulating wells, including fracturizing and acidizing; displacing completion fluids prior to perforating; inflating flotation devices for offshore installations, and pressure testing and other maintenance activities.
The Company operates a long-haul trucking business through Ameri-Co Carriers, Inc., and a freight brokerage business through Ameri-Co Logistics, Inc. primarily for delivery of finished products throughout the continental United States. These services are provided to its subsidiaries, as well as third-party customers.
- [By Jake L’Ecuyer]
Leading and Lagging Sectors
In trading on Friday, Basic Materials shares were relative leaders, up on the day by 0.78 percent. Top gainer in the sector was AMCOL International (NYSE: ACO), up 9 percent.
- [By Seth Jayson]
AMCOL International (NYSE: ACO ) is expected to report Q2 earnings on July 26. 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 AMCOL International’s revenues will grow 1.6% and EPS will wither -16.9%.