NEW YORK — Wall Street is quickly learning that it’s not 2013 anymore,as the stumbling stock market starts the new year with a thud.
With the Dow Jones industrial average and Standard & Poor’s 500 stock index coming off their best annual gains since the 1990s, stock investors hoping for a repeat performance have been sorely disappointed, as least through the first eight trading sessions of the new year.
On Monday, the Dow continued on its downward spiral, dipping 179 points, or 1.1%, to 16, 257.94. The blue-chip stock gauge has now suffered declines in six of eight trading sessions in 2014 and is down 1.9% for the year and from its New Year’s eve record high of 16,576.66.
Here are five reasons why the nearly five-year-old bull market looks gassed:
1. Lousy start jolts confidence. January is supposed to be a seasonally sweet period for stocks, with fast starts and positive returns in January often setting a positive tone for the full year. Instead , the slow start has put a scare into investors, causing the sluggish start to morph into an even worse start as investors view it as a negative omen and as a reason to take profits or hold off on buying.
5 Best Sliver Stocks To Own For 2014: PerkinElmer Inc.(PKI)
PerkinElmer, Inc. provides technology, services, and solutions to the diagnostics, research, environmental, industrial, and laboratory services markets worldwide. The company operates in two segments, Human Health and Environmental Health. The Human Health segment develops diagnostics, tools, and applications to help detect diseases earlier, as well as accelerate the discovery and development of critical new therapies. This segment provides early detection for genetic disorders from pre-conception to early childhood, as well as digital x-ray flat panel detectors and infectious disease testing for the diagnostics market. It also provides a suite of solutions, including instrumentation for automation and detection solutions, in vitro and in vivo imaging and analysis hardware and software, and a portfolio of consumable products, such as drug discovery and research reagents that enable researchers to enhance the drug discovery process. The Environmental Health segment offers t echnologies and applications to facilitate the creation of safer food and consumer products, secure surroundings, and efficient energy resources. This segment provides analytical technologies that address the quality of environment, sustainable energy development, and ensure safer food and consumer products; analytical instrumentation for the industrial market, which includes the semiconductor, chemical, petrochemical, lubricant, construction, office equipment, and quality assurance industries; and laboratory services. The company markets its products and services directly through its own sales forces and distributors for customers, including pharmaceutical and biotechnology companies, laboratories, academic and research institutions, public health authorities, private healthcare organizations, doctors, and government agencies. PerkinElmer, Inc. was founded in 1931 and is headquartered in Waltham, Massachusetts.
- [By Rich Smith]
The Department of Defense awarded a dozen separate contracts Thursday, worth more than $225 million in aggregate. Notable winners (among publicly traded companies) included:
- [By Daniel Lauchheimer]
Let us contrast this with TROV’s progress. TROV has secured two critical partnerships — with Illumina (ILMN), and PerkinElmer (PKI). Company filings on the ILMN deal don’t provide much detail, but the filings with the PKI deal detail how PKI wants to use TROV’s science to develop a new t assay to detect the presence of hepatocelluar carcinoma (HCC). While these two partnerships do not guarantee approval in any way, they do provide a solid validation for TROV’s technology.
- [By David Goodboy]
In other bullish news, TrovaGene entered into a material agreement with multibillion-dollar diagnostics technology leader PerkinElmer (NYSE: PKI) to jointly develop a test to determine a person's risk of developing hepatocellular carcinoma (HCC). The terms have not been disclosed, but PerkinElmer will make milestone payments to TrovaGene.
5 Best Sliver Stocks To Own For 2014: Abercrombie & Fitch Company(ANF)
Abercrombie & Fitch Co., through its subsidiaries, operates as a specialty retailer of casual apparel for men, women, and kids. The company sells casual sportswear apparel, including knit and woven shirts, graphic t-shirts, fleece, jeans and woven pants, shorts, sweaters, and outerwear; personal care products; and accessories under the Abercrombie & Fitch, abercrombie kids, and Hollister brands. It also offers bras, underwear, sleepwear, and at-home products for girls under the Gilly Hicks brand. The company sells products through its stores; direct-to-consumer operations; and Websites, which comprise abercrombie.com, abercrombiekids.com, hollisterco.com, and gillyhicks.com. As of October 29, 2011, it operated a total of 1,092 stores, including 316 Abercrombie & Fitch stores, 179 abercrombie kids stores, 501 Hollister Co. stores, and 18 Gilly Hicks stores in the United States; and 10 Abercrombie & Fitch stores, 4 abercrombie kids stores, 63 Hollister Co. stores, and 1 Gill y Hicks store internationally. The company was founded in 1892 and is headquartered in New Albany, Ohio.
- [By Vanina Egea] >Ann Inc. (ANN), and international brands such as Inditex may erode the company´s margin. Its increase in input costs, inventory per store levels, and negative international comps are also key factors to analyze.
Nevertheless, GAP´s shares have doubled their value in the last two years and Wall Street analysts project a 17% price rise over the next. So, let´s see how this giant overcomes headwinds and makes its way forward.
Local Pruning, Improved Merchandise and Turnaround Marketing Strategies
During third quarter fiscal 2013, the company achieved high top-line growth and increased its margins. This better-than-expected outcome results from GAP’s healthy expenses management and becomes more outstanding given the soft economic environment.
At a domestic level, the company has driven a turnaround marketing strategy that has improved its comps. This major move involved closing weak performing stores in the U.S., reducing its number to 950. In addition, GAP’s endeavors to improve inventory store levels through the implementation of an upgraded inventory system that allows stores to fill online orders for merchandise, has resulted in more cost efficiency. It also developed a Reserve in Store feature that gives shoppers the opportunity to set aside products in stores without paying. Altogether, these strategies improved the company´s comparable store sales, which showed year-over-year growth in almost every month from January to November 2013.
The company´s efforts to recapture its core consumer and attract new ones focused also on merchandise improvement. The creation of the global creative center that gathers top talents from the apparel industry resulted in hits like the “Be Bright” campaign, focused on colored denims and bottoms, which boosted GAP sales in 2012. The creation of a global platform behind each brand also helps to build a consistent message that translates into a stronger brand image.
In regards to int
- [By Selena Maranjian]
Alamy When you read something discouraging about a company you patronize or invest in, it’s easy to think there isn’t much you can do about it. But of course that’s not true. As a customer, you can simply stop giving the company your business. If you’re a shareholder, you can vote for or against various proposals for the company. And if those options don’t feel like enough, there’s another way to voice your displeasure — a tactic that is growing in popularity and is truly bring about changes: You can start or sign a petition. If your first reaction to that is, “Nonsense, petitions never accomplish anything,” your skepticism is understandable. But it’s a little out of date. Social media has changed the petition game as it has changed so many other things. Banding Together for Change By now, you’ve probably seen petitions pop up on your Facebook (FB) page. You might have even signed some. But we don’t often hear what happens next. In many cases, they work. For example, 162,150 people signed a petition protesting the name of a Jacksonville, Fla., high school, which had been named in the 1950s after a slave trader and Ku Klux Klan member, and the school board has agreed to change its name at the start of the new school year. Changes can happen at big companies, too. More than 307,000 petitioners were successful in getting Tyson Foods (TSN), the second-largest food-production company in the Fortune 500, to “stop torturing pigs.” The company announced new animal-welfare guidelines for its pork suppliers, requiring more room for pigs to move around and more humane methods of killing the animals. Abercrombie & Fitch (ANF) is another example. It had long been criticized for policies such as not offering clothing in larger sizes and making someone’s looks a major hiring criteria in order to distance itself from anyone other than “cool, good-looking people.” The company has finally agreed to start offering plus-size clothing, likely persuaded in part by more t
- [By Maureen Farrell]
J.C. Penney Co.(JCP) and Abercrombie & Fitch Co.(ANF) announced major changes Tuesday morning to their so-called poison pills, corporate defense strategies typically designed to prevent one investor from gaining a controlling stake.
- [By Will Ashworth]
In December, I looked at the trio of teen retailers that includes Aeropostale (ARO), Abercrombie & Fitch (ANF) and American Eagle (AEO).
While I came to the conclusion that AEO has the best business of the bunch, I was confident that an experienced CEO like Aeropostale’s Tom Johnson would be able to return it to profitability in 2014. Considering ARO stock lost 30% in 2013, there’s plenty of repair work ahead.
5 Best Sliver Stocks To Own For 2014: Gladstone Commercial Corporation(GOOD)
Gladstone Commercial Corporation operates as a real estate investment trust (REIT) in the United States. It engages in investing in and owning net leased industrial and commercial real properties, and making long-term industrial and commercial mortgage loans. The company leases its real estate properties to small businesses, as well as to large public companies. As of December 31, 2009, it owned 64 properties, and held 1 mortgage loan. The company qualifies as a REIT under the Internal Revenue Code of 1986. As a REIT, it would not be subject to federal tax to the extent that it distributes at least 90% of its taxable income to its shareholders. The company was founded in 2003 and is based in McLean, Virginia.
- [By GURUFOCUS]
Gladstone Commercial Corporation (GOOD) operates as a real estate investment trust (REIT) in the United States.Yield: 7.9%
Main Street Capital Corporation (MAIN) is a business development company specializing in long- term equity, equity related, and debt investments in small and lower middle market companies. Yield: 6.3%
5 Best Sliver Stocks To Own For 2014: UniPixel Inc (UNXL)
Uni-Pixel, Inc. (Uni-Pixel), incorporated on October 13, 2000, is a production-stage company delivering its Performance Engineered Film (PEF) to the display, touch screen and flexible electronics markets. The Company has developed thin film high volume roll to roll or continuous flow manufacturing process. The Company sells its films as sub-components for use in liquid crystal display (LCD) as a back light film and active film sub-component. Uni-Pixel is shipping its Diamond Guard Finger Print Resistant and Hard Coat (Anti-Scratch) protective cover films for multiple touch enabled devices. The Company sells its films under the Diamond Guard brand as well as private label to original equipment manufacturers (OEMs). It is making ITO-Less Touch Films and Flexible Electronic Films based on its UniBoss manufacturing process for high volume roll to roll printing of flexible thin-film conductor patterns.
The Company’s Diamond Guard FPR product can protect a touch s creen device from damage while also preventing fingerprints and smudges from obscuring the viewing experience. Its Diamond Guard Anti-Scratch protective cover film product is used to protect touch screen devices from scratches while providing a transparency and gloss equivalent to glass. In other embodiments, the Company’s Diamond Guard coating can be applied to substrates that can be used as the first surface of hand held electronic devices. The Company developed a color display technology called Time Multiplexed Optical Shutter (TMOS).
- [By Lauren Pollock]
Shares of touch-sensor technology maker Uni-Pixel Inc.(UNXL) slid after the company disclosed in a Securities & Exchange Commission filing that the agency is inquiring about the company’s business deals. The SEC has looked into the company’s agreements related to its InTouch Sensors, though Uni-Pixel said the inquiry shouldn’t be viewed as an indication that any violations of law have occurred. Shares tumbled 18% to $11.50 premarket.
- [By Rich Duprey]
To take advantage of an industry the companies expect to more than double over the next five years, UniPixel (NASDAQ: UNXL ) and Eastman Kodak (NASDAQOTH: EKDKQ ) have entered into a manufacturing and supply chain agreement to produce touchscreen sensors for the touch module market.
- [By Eric Volkman]
Uni-Pixel (NASDAQ: UNXL ) is hoping to raise nearly $36 million from the capital markets. The company is to float a new common stock issue “on or about” April 23, to the tune of 1.195 million shares, in an underwritten public offering. The price is to be $32.00 per share, which amounts to a total of $35.8 million after expenses. Additionally, the company’s underwriters have been granted a 30-day purchase option for up to an additional 179,250 shares.
- [By James E. Brumley]
My enthusiasm for UniPixel Inc. (NASDAQ:UNXL) hasn’t exactly been veiled; I penned bullish comments on the stock back on July 10th and August 12th. Unfortunately, my enthusiasm hasn’t borne fruit – UNXL is up a little since my initial call a month and a half ago, but we’ve yet to see the explosive bullish move I figured was on the way. BUT, that may be about to change… like, today.
5 Best Sliver Stocks To Own For 2014: Powershares DB Us Dollar Index Bearish Fund (UDN)
PowerShares DB US Dollar Index Bearish Fund (the Fund) is a separate series of PowerShares DB US Dollar Index Trust (the Trust). The Fund’s subsidiary is DB US Dollar Index Bearish Master Fund (the Master Fund), which is a separate series of DB US Dollar Index Bearish Master Trust (the Master Trust). The Fund offers common units of beneficial interest (the Shares) only to certain eligible financial institutions (the Authorized Participants) in one or more blocks of 200,000 Shares, called a Basket. The proceeds from the offering of Shares are invested in the Master Fund.
The Master Fund invests in futures contracts (the DX Contracts) with a view to tracking the changes, whether positive or negative, in the level of the Deutsche Bank US Dollar Index (USDX) Futures Index – Excess Return (Short Index) (referred to as the Short Index or the Index) over time. The Fund earns interest income from the United States Treasury obligations and other high credit quality s hort-term, fixed-income securities. The Index is calculated to reflect the changes in market value over time, whether positive or negative, of short positions in DX Contracts. DX Contracts are traded through the currency markets of ICE Futures U.S. under the symbol DX. The changes in market value over time, whether positive or negative, of the DX Contracts are related to the changes, whether positive or negative, in the level of the U.S. Dollar Index (the USDX). The Index provides a general indication of the international value of the United States dollar relative to the six major world currencies (the Index Currencies), which comprise the USDX, including Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona and Swiss Franc.
The Fund, through its Master Fund, establishes short positions in DX Contracts with a view to tracking the changes, whether positive or negative, in the level of the Index. The performance of the Fund also is intended to reflect the excess, if any, of its Master Fund’s interest income f! rom its holdings of the United States Treasury obligations and other high credit quality short-term, fixed-income securities over the expenses of the Fund and the Master Fund. DB Commodity Services LLC serves as the managing owner, commodity pool operator and commodity trading advisor of the Fund and the Master Fund. DB Commodity Services LLC is an indirect wholly owned subsidiary of Deutsche Bank AG. The Bank of New York Mellon serves as the administrator of the Fund and the Master Fund.v
- [By Brian O’Connell]
To make a contrarian play, the PowerShares DB US Dollar Index Bearish (UDN) works the opposite way: When the dollar declines, the fund fares better.