Best Building Product Stocks To Own For 2014

Nokia (NOK) jumped 4% in heavy volume after-hours trading on Wednesday night (6/19/13) after the Wall Street Journal reported that Microsoft (MSFT) had been in talks to acquire Nokia’s phone business as recently as this month. Coming the day after Huawei’s reported interest in Nokia (later half-heartedly retracted), I believe this represents fantastic news for Nokia shareholders and here’s why. Just by these reports circulating, the market will start waking up to the true underlying value of Nokia’s assets and start to re-adjust its valuation upwards accordingly. In this article, I give a review of Nokia’s assets and just what may have happened between Nokia, Microsoft and Huawei in the past month.

Nokia Is Undervalued

Most Seeking Alpha readers I believe recognize that Nokia is significantly undervalued with strong potential for upside. It is this which attracted me and I believe many others to Nokia over the last year. However with EPS hovering a few cents ei ther side of zero for the last two quarters, it is difficult to come up with a standard P/E ratio estimate for Nokia. Instead of that, I have done a sum-of-parts valuation for the company starting with NSN.

Best Building Product Stocks To Own For 2014: Northland Power Inc (NPIFF.PK)

Northland Power Inc. (Northland) owns or has an economic interests, through its subsidiaries, in operating power-producing facilities and a pipeline of construction and development projects. Its operating assets consist of facilities, which produce electricity from natural gas and renewable sources. Its subsidiaries include Iroquois Falls Corp., which owns the Iroquois Falls Facility; Kingston LP, which owns the Kingston Facility; Thorold LP, which owns the Thorold Facility; Mont Miller LP; Jardin LP, which owns the Jardin wind farm; DK Windpark Kavelstorf GmbH & Co. KG and DK Burgerwindpark Eckolstadt GmbH & Co. KG, which own the German Wind Farms; Mont Louis LP, which owns the Mont Louis Wind Farm; Spy Hill LP, which owns the Spy Hill Facility, and North Battleford LP, which owns the North Battleford Facility. Northland owns a 19% interest in Panda Energy Corporation, which through its wholly owned subsidiaries owns the 230 mega-watts combined-cycle Panda-Brandywine facilit y. Advisors’ Opinion:

  • [By Markus Aarnio]

    Emera’s competitors include Northland Power (NPIFF.PK), Fortis (FRTSF.PK), and Atlantic Power (AT). Northland Power has seen insider buying in August and has a dividend yield of 7.6%. Fortis has seen both insider buying and insider selling in August. Fortis has a dividend yield of 4.1%. Atlantic Power saw insider buying last time in April. Atlantic Power has a dividend yield of 9.4%.

Best Building Product Stocks To Own For 2014: Zillow Inc (Z)

Zillow, Inc. (Zillow), incorporated on December 13, 2004, is a real estate and home-related information marketplaces. Zillow provides products and services to help consumers through every stage of homeownership buying, selling, renting, borrowing and remodeling. The Company make home-related decisions, and enabling homeowners, buyers, sellers and renters to find and connect with local professionals. Individuals and businesses that use Zillow have updated information on more than 37 million homes and have added nearly 100 million home photos. These profiles include detailed information about homes such as property facts, listing information, and purchase and sale data. In June 2012, the Company acquired RentJuice Corporation. In October 2012, the Company acquired Buyfolio, an online and mobile collaborative shopping platform. In December 2012, the Company acquired San Francisco-based HotPads, a map-based rental and real estate search site.

Zillow generates reve nues from local real estate professionals, primarily on an individual subscription basis, and from mortgage professionals and brand advertisers. The Company’s revenues include marketplace revenues, consisting of subscriptions sold to real estate agents and advertising sold on a cost per click (CPC) basis to mortgage lenders, and display revenues consisting of advertising placements sold primarily on a cost per thousand impressions (CPM) basis. The Company provides current home value estimates, or Zestimates, and current rental price estimates, or Rent Zestimates, on approximately 100 million United States homes.

Marketplace Revenues

Marketplace revenues consist of subscriptions sold to real estate agents under its Premier Agent program and CPC advertising related to the Company’s Zillow Mortgage Marketplace sold to mortgage lenders. The Company’s premier agent program offers a suite of marketing and business technology solutions to help real estate agents grow their businesses and personal brands. The! premier agent program allows agents to select products and services that they can tailor to meet their business and advertising needs. In Zillow Mortgage Marketplace, participating qualified mortgage lenders make a prepayment to gain access to consumers interested in connecting with mortgage professionals. Consumers who request rates for mortgage loans in Zillow Mortgage Marketplace are presented with personalized lender quotes from participating lenders. The Company charges mortgage lenders a fee when users click on their links for more information regarding a mortgage loan quote. Mortgage lenders who exhaust their initial prepayment can then prepay additional funds to continue to participate in the marketplace.

Display Revenues

Display revenues primarily consist of graphical Web and mobile advertising sold on a CPM basis to advertisers primarily in the real estate industry, including real estate brokerages, home builders, mortgage lenders and hom e services providers. The Company’s advertising customers also include telecommunications, automotive, insurance and consumer products companies.

Advisors’ Opinion:

  • [By Rick Aristotle Munarriz]

    Getty Images/Bloomberg/Gianluca Colla Companies can make brilliant moves, but there are also times when things don’t work out quite as planned. From a CEO busted for spying on a larger rival to a satellite television provider raising the bar, here’s a rundown of the week’s smartest moves and biggest blunders in the business world. DISH Network (DISH) — Winner In a deal with bigger implications than you may initially think, Disney (DIS) is giving DISH Network rights to stream live and on-demand shows from ABC, Disney and ESPN. This is a truly mobile service, opening the door for DISH to begin offering a standalone Web-based service. A lot of bigger companies than DISH have tried to talk major networks and broadcasters into similar arrangements, only to be shot down. DISH succeeded because it had a bargaining chip in its ad-skipping Hopper DVR technology. DISH agreed that users of the streaming service wouldn’t be able to zap through the commercials for newer Disney shows. Modell’s Sporting Goods — Loser Dick’s Sporting Goods (DKS) is filing a complaint in a New Jersey court after it caught Mitchell Modell — CEO of rival Modell’s — spying on it. The lawsuit claims that Modell posed as a Dick’s executive to gain access to private areas and learn business techniques at Dick’s. If the allegations hold up, Modell’s behavior was at the very least unethical, not to mention ironic — a sporting goods chain’s helmsman resorting to such unsportsmanlike conduct. Wouldn’t it have been easier to just hire a Dick’s executive? Zillow (Z) — Winner Speaking of the right way to pry away information from a competitor, Zillow announced on Wednesday night that it was bringing on a key executive from Realtor.com parent Move (MOVE). A new position of chief industry development officer is being created for Errol Samuelson, who previously served as president of Realtor.com and Move’s chief strategy officer. The beautiful thing about prying away a key employee from another

  • [By DAILYFINANCE]

    Gregory Bull/AP The number of Americans who signed contracts to buy homes was essentially flat in January, a possible sign of a softening real estate market. The National Association of Realtors said Friday that its seasonally adjusted pending home sales index inched up 0.1 last month to 95. The index has fallen 9 percent over the past 12 months as sales momentum has faded. Pending sales are a barometer of future purchases: A one- to two-month lag usually exists between a signed contract and a completed sale. Higher mortgage rates, rising prices and a tight supply of homes have restricted sales in recent months. Snowstorms across much of the country also delayed purchases. The Realtors project that sales will total 5 million this year, down from 5.1 million in 2013. Ian Shepherdson, chief economist at Pantheon Marcoeconomics, thinks home buying could slow further through March. “The bad news is that existing-home sales need to fall a bit further to move fully into line with the pending-sales index,” he said in a client note. The rising costs of buying a home have contributed to a slowdown in signed contracts over the past seven months. Sales of existing homes plummeted in January to the weakest pace in 18 months, the trade group said last week. Some of the price pressures will be eased if more homes come onto the market in the months ahead. One way to increase the supply is through the construction of new homes, a sector not measured by the Realtors’ indicator on sales. Purchases of new homes rose 9.6 percent in January to a seasonally adjusted annual rate of 468,000, the Commerce Department said this week. That was the fastest pace since July 2008 and could lead to an uptick in construction. More homeowners might also choose to put their properties on the market, a possibility suggested by a decline in underwater mortgages at the end of 2013, according to a report Friday by real estate data provider Zillow (Z). Homeowners are considered underwate

  • [By Jake L’Ecuyer]

    Among the financial stocks, Zillow (NASDAQ: Z) was down 9.6%, while TAL International Group (NYSE: TAL) tumbled around 3.55%. Shares of TAL International dipped after the company reported downbeat quarterly earnings.

  • [By DAILYFINANCE]

    Gene J. Puskar/AP WASHINGTON — U.S. home prices fell slightly in November as colder weather slowed buying, ending nine straight months of price gains. The Standard & Poor’s/Case-Shiller 20-city home price index slipped 0.1 percent from October to November, partly reversing the previous monthly increase of 0.2 percent. But the index is not adjusted for seasonal variations, so the monthly decline partly reflects slower buying in the late fall as temperatures drop. “November was a good month for home prices,” said David Blitzer, chairman of the S&P Dow Jones index committee. “Prices typically weaken as we move closer to the winter.” Despite the overall decline, home values have continued to rise in many Sun Belt cities. Las Vegas, Los Angeles and Phoenix have registered 20 straight months of rising prices. But home prices surged for much of 2013, driven by big gains earlier in the year. Prices have risen 13.7 percent over the past 12 months. Dallas enjoyed its strongest annual gain since 2000. And Chicago home prices climbed at their strongest annual clip since December 1988. Among the cities in the index, only Detroit prices remain below their 2000 level. The Case-Shiller index covers roughly half of U.S. homes. The index measures prices compared with those in January 2000 and creates a three-month moving average. The November figures are the latest available. Some of the improvement in the housing market since 2012 has begun to slow in recent months. Rising mortgage rates and home prices have reduced affordability, an indication that the housing market will likely expand more gradually this year. “Sellers used to seeing huge price gains month after month may feel some whiplash as that slows down,” said Stan Humphries, chief economist for the real estate firm Zillow (Z). “The housing market is still a long way from normal, but it’s getting there.” For all of 2013, sales totaled 5.09 million, the best performance since 2006, when sales climbed

Best Building Product Stocks To Own For 2014: Cullen/Frost Bankers Inc (CFR)

Cullen/Frost Bankers, Inc. (Cullen/Frost), incorporated in 1977, is a financial holding company and a bank holding company. The Company offers commercial and consumer banking services, as well as trust and investment management, mutual funds, Section 1031 property exchange services, investment banking, insurance, brokerage, leasing, asset-based lending, treasury management and item processing services. At December 31, 2011, Cullen/Frost had consolidated total assets of $20.3 billion. The Company operates in two segments: Banking and Frost Wealth Advisors. The Company serves a variety of industries including, among others, energy, manufacturing, services, construction, retail, telecommunications, healthcare, military and transportation. On January 1, 2012, the Company acquired Stone Partners, Inc., a Houston-based human resources consulting firm that specializes in compensation, benefits and outsourcing services. During the year ended December 31, 2011, the Company acquired an insurance agency in the San Antonio market area.

Cullen/Frost’s subsidiaries include The New Galveston Company, Cullen/Frost Capital Trust II (Trust II), The Frost National Bank (Frost Bank), Frost Insurance Agency, Inc., Frost Brokerage Services, Inc. (FBS), Frost Premium Finance Corporation, Frost Investment Advisors, LLC, Frost 1031 Exchange, LLC, Frost Securities, Inc. and Main Plaza Corporation. The Banking operating segment includes both commercial and consumer banking services, Frost Securities, Inc. and Frost Insurance Agency. Commercial banking services are provided to corporations and other business clients and include an array of lending and cash management products. Consumer banking services include direct lending and depository services. Frost Insurance Agency provides insurance brokerage services to individuals and businesses covering corporate and personal property and casualty products, as well as group health and life insurance products. F rost Securities, Inc. provides advisory and private equity s! ervices to middle market companies. The Frost Wealth Advisors operating segment includes fee-based services within private trust, retirement services, and financial management services, including personal wealth management and brokerage services. The parent company’s principal activities include the direct and indirect ownership of the Corporation’s banking and non-banking subsidiaries and the issuance of debt and equity.

The New Galveston Company

The New Galveston Company is a wholly owned second-tier financial holding company and bank holding company. The Company directly owns all of Cullen/Frost’s banking and non-banking subsidiaries with the exception of Cullen/Frost Capital Trust II.

Cullen/Frost Capital Trust II

Trust II is a business trust formed for the purpose of issuing trust preferred securities and lending the proceeds to Cullen/Frost. Trust II is a variable interest entity for which the Company is not t he primary beneficiary.

The Frost National Bank

The Frost National Bank (Frost Bank) is primarily engaged in the business of commercial and consumer banking through approximately 115 financial centers across Texas in the Austin, Corpus Christi, Dallas, Fort Worth, Houston, Rio Grande Valley and San Antonio regions. At December 31, 2011, Frost Bank had consolidated total assets of $20.3 billion and total deposits of $16.8 billion. Frost Bank provides commercial banking services to corporations and other business clients. Loans are made for a variety of general corporate purposes, including financing for industrial and commercial properties and to a lesser extent, financing for interim construction related to industrial and commercial properties, financing for equipment, inventories and accounts receivable, and acquisition financing, as well as commercial leasing and treasury management services.

Frost Bank provides a range of consumer b anking services, including checking accounts, savings progra! ms, autom! ated teller machines, overdraft facilities, installment and real estate loans, home equity loans and lines of credit, drive-in and night deposit services, safe deposit facilities, and brokerage services. Frost Bank provides international banking services to customers residing in or dealing with businesses located in Mexico. These services consist of accepting deposits, making loans, issuing letters of credit, handling foreign collections, transmitting funds, and to a limited extent, dealing in foreign exchange.

Frost Bank acts as correspondent for approximately 316 financial institutions, which are primarily banks in Texas. These banks maintain deposits with Frost Bank, which offers them a range of services, including check clearing, transfer of funds, fixed income security services, and securities custody and clearance services. Frost Bank provides a range of trust, investment, agency and custodial services for individual and corporate clients. These services i nclude the administration of estates and personal trusts, as well as the management of investment accounts for individuals, employee benefit plans and charitable foundations. Frost Bank’s Capital Markets Division offers services, such as sales and trading, new issue underwriting, money market trading, and securities safekeeping and clearance.

Frost Insurance Agency, Inc.

Frost Insurance Agency, Inc. is a wholly owned subsidiary of Frost Bank. Frost Insurance Agency, Inc. provides insurance brokerage services to individuals and businesses covering corporate and personal property and casualty insurance products, as well as group health and life insurance products.

Frost Brokerage Services, Inc.

FBS is a wholly owned subsidiary of Frost Bank. FBS provides brokerage services and performs other transactions or operations related to the sale and purchase of securities of all types.

Frost Premium Finance Corporat ion

Frost Premium Finance Corporation is a who! lly owned! subsidiary of Frost Bank. Frost Premium Finance Corporation makes loans to qualified borrowers for the purpose of financing their purchase of property and casualty insurance.

Frost Investment Advisors, LLC

Frost Investment Advisors, LLC is a registered investment advisor entity and a wholly owned subsidiary of Frost Bank. Frost Investment Advisors, LLC provides investors access to various Frost-managed mutual funds.

Frost 1031 Exchange, LLC

Frost 1031 Exchange, LLC is a wholly owned subsidiary of Frost Bank. Frost 1031 Exchange, LLC assists customers in structuring the exchange of property such that the transactions result in a tax-deferred exchange in compliance with Section 1031 of the Internal Revenue Code.

Frost Securities, Inc.

Frost Securities, Inc. is a wholly owned subsidiary of The New Galveston Company. Frost Securities, Inc. provides advisory and private equity services to middle m arket companies in Texas.

Main Plaza Corporation

Main Plaza Corporation is a wholly owned non-banking subsidiary of The New Galveston Company. Main Plaza Corporation occasionally makes loans to qualified borrowers.

Advisors’ Opinion:

  • [By Sarah Jones]

    Richemont (CFR) rallied 8.3 percent to 73.80 Swiss francs, the biggest gain since December 2008. The Swiss company said full- year net income climbed about 30 percent as the dollar’s strength against the euro boosted sales growth. Analysts had expected a 25 percent gain in profit, according to the average of 17 estimates compiled by Bloomberg.

  • [By Jack Adamo]

    Steve Halpern: Another new recommendation is Cullen/Frost Bankers (CFR). There you’ve been recommending the 5.375% Perpetual Preferred Series A (CFR-PA). Now, you call Cullen/Frost one of the best little banks in Texas. What makes this such an attractive issue?

Best Building Product Stocks To Own For 2014: Allegheny Technologies Incorporated (ATI)

Allegheny Technologies Incorporated engages in the production and sale of specialty metals worldwide. It operates in three segments: High Performance Metals, Flat-Rolled Products, and Engineered Products. The High Performance Metals segment provides various high performance alloys, including nickel- and cobalt-based alloys and super alloys; titanium and titanium-based alloys; zirconium and related alloys, such as hafnium and niobium; other specialty alloys primarily in long product forms of ingots, billets, bars, shapes and rectangles, rods, wires, and seamless tubes; and precision forgings and castings, and machined parts. The Flat-Rolled Products segment provides stainless steel, nickel-based alloys, super alloys, titanium and titanium-based alloys, and specialty alloys in various product forms comprising plates, sheets, engineered strips, and precision rolled strip products, as well as grain-oriented electrical steel sheets. The Engineered Products segment produces carb on alloy steel impression die forgings, and grey and ductile iron castings, as well as provides precision metal processing services, such as grinding, polishing, blasting, cutting, flattening, and ultrasonic testing. The company serves various markets, including aerospace and defense, oil and gas, chemical process, electrical energy, medical, automotive, construction and mining, food equipment and appliances, transportation, electronics, communication equipment, computers, and machine and cutting tools markets; and other markets requiring tools with hardness. Allegheny Technologies Incorporated sells its products through direct sales and independent representatives. The company was founded in 1960 and is based in Pittsburgh, Pennsylvania.

Advisors’ Opinion:

  • [By John Persinos]

    The standout stocks in this segment are Hexcel Corp. (HXL), the leading producer of carbon composites, and Allegheny Technologies (ATI), which dominates the market in titanium.

  • [By Charley Blaine]

    The market overall gained support from energy and utility stocks. About 288 S&P 500 stocks were higher, led by First Solar (NYSE: FSLR) and steel-maker Allegheny Technologies Inc. (NYSE: ATI), up 22% and 18.6%, respectively.

  • [By Sue Chang and Saumya Vaishampayan]

    Allegheny Technologies Inc. (ATI)  shares rose 4%. The company, which makes products for the aerospace and petrochemical industries, last week declared a quarterly dividend of 18 cents a share. The dividend will be paid on March 26 to shareholders of record at the close of the business day on March 12.

  • [By Ben Levisohn]

    In our late October report on X, we noted the Company was “scratching the surface” on operational improvement, and we expected shares to edge higher over the near term. While X shares have appreciated by 16% since that report vs. the S&P 500 of +4% and the [Market Vectors Steel ETF (SLX)] of +3%, we believe shares have more room to run based on our positive carbon hot-rolled steel pricing revisions for 2014: meaningful raw material cost tailwinds (coal, scrap, iron ore); low Street EPS and EBITDA expectations for 2014-2015; an ever-increasing interest rate environment (benefits for pension exposure); more evidence of European macro stability; and above-average likelihood of incremental operational efficiency announcements such as a joint venture or tolling agreement with Allegheny Technologies Incorporated (ATI).

Best Building Product Stocks To Own For 2014: Under Armour Inc.(UA)

Under Armour, Inc. develops, markets, and distributes performance apparel, footwear, and accessories for men, women, and youth primarily in the United States, Canada, and internationally. It offers products made from moisture-wicking synthetic fabrics designed to regulate body temperature and enhance performance regardless of weather conditions. The company provides its products in three fit types: compression (tight fitting), fitted (athletic cut), and loose (relaxed) extending across the sporting goods, outdoor, and active lifestyle markets. Its footwear offerings comprise football, baseball, lacrosse, softball, and soccer cleats; slides; performance training footwear; and running footwear. The company also provides baseball batting, football, golf, and running gloves, as well as licenses bags, socks, headwear, custom-molded mouth guards, and eyewear that are designed to be used and worn before, during, and after competition. Under Armour sells its products through retai l stores, as well as directly to consumers through its own retail outlets and specialty stores, Website, and catalogs. The company was founded in 1996 and is headquartered in Baltimore, Maryland.

Advisors’ Opinion:

  • [By Grace L. Williams]

    Shares of Lululemon have gained 1.1% to $52.48 at 3:46 p.m., while Nike (NKE) has risen 0.5% to $73.88, Under Armour (UA) has dropped 0.3% to $114.88 and the Gap (GPS) has dipped 0.1% to $40.14.

  • [By Ben Levisohn]

    Shares of Lululemon rose 1.4% to $51.89 today, while Nike (NKE) gained 0.3% to $73.54, Under Armour (UA) advanced 0.5% to $115.22 and the Gap (GPS), whose Athleta brand competes head on with Lululemon, finished up 0.7% at $40.17.

  • [By Grace L. Williams]

    Still, Lululemon’s shares have jumped 5.5% to $50.90, and left its competitors in the dust. Nike (NKE) has dropped 0.2% to $73.11, Under Armour (UA) has gained 0.7% to $114.42 and the Gap (GPS), whose Athleta brand competes head on with Lululemon, has risen 0.2% to $39.91.

Best Building Product Stocks To Own For 2014: MEMSIC Inc.(MEMS)

MEMSIC, Inc. provides semiconductor sensor and system solutions based on integrated micro electro-mechanical systems (MEMS) technology and mixed signal circuit design. It offers sensor products, principally accelerometers. The company?s sensors are used for motion, direction, and pressure sensing applications; and accelerometer products are used to measure tilt, shock, vibration, and acceleration, as well as in various applications, such as mobile phones, automotive safety systems, video projectors, global positioning systems, video gaming systems, interactive toys, inclination sensing, earthquake detection, cardiac pacemakers, and image projectors. Its system solution products include wireless sensors that connect the physical environment with enterprise management and information systems to provide monitoring, automation, and control solutions for a range of industries, as well as inertial systems that provide end-users and systems integrators with MEMS-based solutions f or the measurement of static and dynamic motion in a various environments, such as avionics, remotely operated vehicles, agricultural and construction vehicles, automotive test, and wind power turbines. The company also engages in the development of multi-sensor and MCU integrated system products at the integrated circuit level for the consumer and mobile market, as well as at the module level for the industrial, automotive, and general aviation markets. It sells its products directly, as well as through systems integrators, resellers, distributors, and sales representatives worldwide. The company was founded in 1999 and is headquartered in Andover, Massachusetts.

Advisors’ Opinion:

  • [By Triska Hamid]

    In Abu Dhabi, researchers at the ATIC-SRC Center of Excellence for Energy Efficient Electronic Systems (ACE4S), a center jointly established by the Advanced Technology Investment Company and the Semiconductor Research Corporation, are working on the development of systems on chip (SOC) and micro-electromechanical systems (MEMs) in health care.

Best Building Product Stocks To Own For 2014: Credit Suisse Group AG (CSGN)

Credit Suisse Group AG is a Switzerland-based holding company engaged in private banking, investment banking and asset management areas. It operates through four divisions: Private Banking, which consists of the Wealth Management Clients and Corporate & Institutional Clients business; Investment Banking, provides a range of financial products and services, with a focus on client-driven, flow-based and capital-efficient businesses; Asset Management, offers a range of asset class products, including alternative investments, and multi-asset class solutions, including equities and fixed income products, and Shared Services, which provides centralized corporate services and business support for the Company’s divisions. Advisors’ Opinion:

  • [By Marie Mawad]

    Orange was advised by Credit Suisse Group AG (CSGN) and Messier, Maris & Associes. Altice was advised by Lazard Ltd. Goldman Sachs Group Inc lead the financing on the deal, working with Morgan Stanley, Deutsche Bank AG, Barclays Plc and Credit Agricole SA.

  • [By Nina Mehta]

    Credit Suisse Group AG (CSGN), operator of the largest U.S. dark pool, said it will no longer publicly disseminate monthly volume data for the private stock-trading venue, according to an executive at Tabb Group LLC.