Is Twitter Inc. (TWTR) doomed?
That would certainly seem to be the case, given its stock market performance over the last couple of years.
After reporting almost flat user growth for the last couple of quarters, the San Francisco-based company reported mixed earnings yesterday. It beat analyst expectations for revenue but fell short in user numbers and future guidance. (See also: Twitter Stock Punished Despite User Growth, EPS Beat.)
“If you’ve got a social media service that’s just flat, then that’s not great news,” said Bob O’Donnell, analyst at Technanlysis Research, adding references to Facebook Inc. (FB) and Weibo, which have reported increase in user growth.
5 Best High Tech Stocks To Buy Right Now: Synta Pharmaceuticals Corp.(SNTA)
Synta Pharmaceuticals Corp. focuses on the research, development, and commercialization of novel oncology medicines for cancer patients. Its clinical stage drug candidate in oncology is ganetespib, an Hsp90 inhibitor, which is in Phase II clinical trials to evaluate the combination of ganetespib and paclitaxel versus paclitaxel in patients with platinum-resistant ovarian cancer; and in Phase I/II trial in combination with the mTOR inhibitor sirolimus in patients with refractory sarcoma, including malignant peripheral nerve sheath tumors. The companys drug candidate in its Hsp90-inhibitor Drug Conjugate program is STA-12-8666, which is in preclinical trials for chemotherapy irinotecan. Synta Pharmaceuticals Corp. was incorporated in 2000 and is based in Lexington, Massachusetts.
- [By Lisa Levin]
Synta Pharmaceuticals Corp. (NASDAQ: SNTA) shares were also up, gaining 61 percent to $0.393. Synta Pharmaceuticals announced plans to merge with privately-held Madrigal Pharmaceuticals.
5 Best High Tech Stocks To Buy Right Now: Freeport-McMoran, Inc.(FCX)
Freeport-McMoRan Inc. (FCX), incorporated on November 10, 1987, is a natural resource company with a portfolio of mineral assets, and oil and natural gas resources. The Company’s segments include the Morenci, Cerro Verde, Grasberg and Tenke Fungurume copper mines, the Rod & Refining operations and the U.S. Oil & Gas Operations. FCX has organized its operations into five primary divisions: North America copper mines, South America mining, Indonesia mining, Africa mining and Molybdenum mines. The Company’s portfolio of assets includes the Grasberg minerals district in Indonesia, mining operations in North and South America, the Tenke Fungurume (Tenke) minerals district in the Democratic Republic of Congo (DRC) in Africa, and oil and natural gas assets in the United States.
The Company’s Atlantic Copper unit in Spain smelts and refines copper concentrates, and markets refined copper and precious metals in slimes. The Company has a smelter at its Miami, Arizona, m ining operation; a cobalt chemical refinery in Kokkola, Finland; molybdenum conversion facilities in the United States and Europe; over four non-operating copper mines in North America (Ajo, Bisbee and Tohono in Arizona and Cobre in New Mexico), and other mining support entities.
North America Copper Mines
FCX has over seven operating copper mines in North America, including Morenci, Bagdad, Safford, Sierrita and Miami in Arizona, and Tyrone and Chino in New Mexico. The North America copper mines include open-pit mining, sulfide ore concentrating, leaching and solution extraction/electrowinning (SX/EW) operations. The copper produced at the North America copper mines is cast into copper rods by its Rod & Refining operations. In addition to copper, the Company’s North America copper mines also produce molybdenum concentrates and silver. The Morenci open-pit mine, located in southeastern Arizona, produces copper cathodes and copper concentrate. In add ition to copper, the Morenci mine also produces molybdenum c! oncentrate.
South America Mining
South America mining includes over two operating copper mines: Cerro Verde in Peru and El Abra in Chile. These operations include open-pit mining, sulfide ore concentrating, leaching and SX/EW operations. The Cerro Verde open-pit copper mine, located near Arequipa, Peru, produces copper cathodes and copper concentrates. In addition to copper, the Cerro Verde mine also produces molybdenum concentrate and silver.
Indonesia mining includes PT Freeport Indonesia’s Grasberg minerals district. It produces copper concentrates, which contain quantities of gold and silver.
Africa mining includes the Tenke minerals district. The Tenke operation includes surface mining, leaching and SX/EW operations and produces copper cathode. In addition to copper, the Tenke operation produces cobalt hydroxide.
Molybde num mines include the Henderson underground mine and Climax open-pit mine in Colorado. The Henderson and Climax mines produce chemical-grade molybdenum concentrates, which are processed into molybdenum chemical products.
Rod & Refining
The Rod & Refining segment consists of copper conversion facilities located in North America, and includes a refinery, over three rod mills and a copper products facility. These operations process copper produced at its North America copper mines and purchased copper into copper cathode, rod and custom copper shapes. These operations also refine copper and produce copper rod and shapes for customers on a toll basis.
United States Oil and Gas Operations
Its U.S. Oil & Gas Operations include oil and natural gas assets in the Deepwater Gulf of Mexico (GOM), onshore and offshore California, the Haynesville shale in Louisiana, the Madden area in central Wyoming and a position in the Inboard Lower Tertiary/Cretaceous natural gas trend onshore in South Louis! iana.
- [By R. Chandrasekaran]
Argus analyst David Coleman downgraded Noble Corporation Ordinary Shares (UK) (NYSE: NE) shares to a Hold Rating from Buy, citing a weak outlook. The analyst believes that while the company should continue to gain from its fleet of high-spec rigs, he sees a further drop in offshore drilling activity as pressurizing. He also cited the loss of the big drilling contract with Freeport-McMoRan Inc (NYSE: FCX) representing 11 percent of its backlog.
- [By Lee Jackson]
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) is a top diversified name to buy at Merrill Lynch and may offer investors the best total return play. The company by almost all metrics is undervalued, and it continues to raise its dividend yearly. Merrill Lynch has a $37 price target, and the consensus figure is $36.50. Investors are paid a very solid 4.0% dividend.
Top 10 Transportation Stocks To Invest In Right Now: Gerdau S.A.(GGB)
Gerdau S.A. produces and commercializes steel products worldwide. It operates through Brazil, North America, Latin America, Special Steel, and Iron Ore segments. The company provides semi-finished products, which include billets that are bars from square sections of long steel that serve as inputs for the production of wire rod, rebars, and merchant bars; blooms for use in the manufacture of springs, forged parts, heavy structural shapes and seamless tubes; and slabs, which are used in the steel industry for the rolling of various flat rolled products, as well as to produce hot and cold rolled coils, heavy slabs, and profiles. It also offers long rolled products comprising rebars, merchant bars, and profiles, which are primarily used in the construction and manufacturing industries; and drawn products, such as barbed and barbless fence wires, galvanized wires, fences, concrete reinforcing wire mesh, nails, and clamps for manuf acturing, construction, and agricultural industries. In addition, the company offers special and stainless steel products used in tools and machinery, chains, fasteners, railroad spikes, and special coil steel, as well as special sections comprising grader blades, smelter bars, light rails, super light I-beams, elevator guide rails, and other products. Further, it provides flat products, including hot-and cold-rolled steel coils, heavy plates, and profiles; and resells flat steel products. The company was founded in 1901 and is based in Porto Alegre, Brazil. Gerdau S.A. is a subsidiary of Metal煤rgica Gerdau S.A.
- [By Manikandan Raman]
On the news, Freeport-McMoRan surged 12 percent to $10.20 and Lundin Mining climbed 12 percent to $3.33. Gerdau SA (ADR) (NYSE: GGB) rose 19 percent to $1.23, Vale SA (ADR) (NYSE: VALE) advanced 18 percent to $4.85 and Banco Bradesco SA (ADR) (NYSE: BBD) gained 11 percent to $7.15.
5 Best High Tech 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 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%.
- [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 Paul Ausick]
Stocks on the move: Boise Inc. (NYSE: BZ) is up 26% at $12.55 following the companys acquisition by Packaging Corporation of America Inc. (NYSE: PKG) for $12.55 a share ($1.28 billion). Omeros Corp. (NASDAQ: OMER) is up 68.2% at $8.56 following an analyst upgrade. Northern Dynasty Minerals Ltd. (NYSEArca: NAK) is down 33.3% at $1.48 following an announcement from Anglo American plc that it was withdrawing from a massive copper mining project in Alaska.
5 Best High Tech Stocks To Buy Right Now: Omega Protein Corporation(OME)
Omega Protein Corporation develops, produces, and delivers products to enhance the nutritional integrity of foods, dietary supplements, and animal feeds worldwide. It operates in two segments, Animal Nutrition and Human Nutrition. The Animal Nutrition segment produces animal nutrition products, including fish meal products that are primarily used as a protein ingredient in animal feed for swine, aquaculture, and household pets. This segment also offers fish oil for animal and aquaculture feeds, as well as additives to human food products and dietary supplements; and fish solubles to livestock and aquaculture feed manufacturers, and for use as an organic fertilizer. The Human Nutrition segment produces plant and marine based specialty oils, Omega-3 fish oils, and specialty dairy proteins and other related products. The company sells its products in the United States, Mexico, Europe, Canada, Asia, South and Central America, and others. Omega Protein Corporation was founded in 1913 and is headquartered in Houston, Texas.
- [By Lisa Levin]
Omega Protein Corporation (NYSE: OME) was down, falling around 20 percent to $17.47 after the company reported weaker-than-expected results for its fourth quarter.