The cost to fill a tank of gas is one of the single biggest expenses most families have aside from the cost of housing. When the cost of gas goes up, it puts a strain on our bank accounts, and when it falls it’s a small reprieve.
So, long term, the cost of gas and oil is very important to the economy, and for the past decade the cost has been moving higher. The good news is that demand for oil has been falling, U.S. production is rising, and alternatives are becoming a reality. With those facts in mind, here are the three biggest reasons gasoline won’t move much higher and why I think we’ll never see $5 per gallon at the pump.
Demand is falling
Demand for oil and gas in the developed world has been declining for nearly a decade, and the pace is increasing. The biggest factor driving down demand for oil isn’t that people are driving less; it’s efficiency in the miles we are driving. A decade ago, SUVs and massive trucks were the most popular wheels on the road; today, small cars, hybrids, and even electric vehicles are replacing them.
Best Long Term Stocks For 2015: BB&T Corp (BBT)
BB&T Corporation (BB&T) is a financial holding company. BB&T conducts its business operations primarily through its commercial bank subsidiary, Branch Banking and Trust Company (Branch Bank), which has offices in North Carolina, Virginia, Florida, Georgia, Maryland, South Carolina, Alabama, West Virginia, Kentucky, Tennessee, Texas, Washington D.C and Indiana. In addition, BB&T’s operations consist of a federally chartered thrift institution, BB&T Financial, FSB (BB&T FSB), and a number of nonbank subsidiaries, which offer financial services products. BB&T’s operations are divided into six business segments: Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Services, and Financial Services. Branch Bank provides a range of banking and trust services for retail and commercial clients in its geographic markets, including small and mid-size businesses, public agencies, local Governments and individuals, through 1,779 offices as of December 31, 2011. During the year ended December 31, 2011, BB&T announced the acquisitions of Liberty Benefit Insurance Services, Atlantic Risk Management Corporation and the Precept Group. In April 2012, it acquired the life and property and casualty insurance operating divisions of Roseland, New Jersey – based Crump Group Inc. On July 31, 2012, it acquired BankAtlantic.
As of December 31, 2011, the principal operating subsidiaries of BB&T included Branch Banking and Trust Company, Winston-Salem, North Carolina; BB&T Financial, FSB, Columbus, Georgia; Scott & Stringfellow, LLC, Richmond, Virginia; Clearview Correspondent Services, LLC, Richmond, Virginia; Regional Acceptance Corporation, Greenville, North Carolina; American Coastal Insurance Company, Davie, Florida, and Sterling Capital Management, LLC, Charlotte, North Carolina. Branch Bank’s principal operating subsidiaries include BB&T Equipment Finance Corporation, BB&T Investment Services , Inc., BB&T Insurance Services, Inc., Stanley, Hunt, DuPree! & Rhine (a division of Branch Bank), Prime Rate Premium Finance Corporation, Inc., Grandbridge Real Estate Capital, LLC, Lendmark Financial Services, Inc., CRC Insurance Services, Inc. and McGriff, Seibels & Williams, Inc.
BB&T’s Community Banking serves individual and business clients by offering a range of loan and deposit products and other financial services. As of December 31, 2011, Community Banking had a network of 1,779 banking.
Residential Mortgage Banking
Residential Mortgage Banking segment retains and services mortgage loans originated by Community Banking, as well as those purchased from various correspondent originators. Mortgage loan products include fixed and adjustable rate Government and conventional loans for the purpose of constructing, purchasing or refinancing residential properties. Substantially all of the properties are owner occupied. BB&T retains the servicing rights to all loans sold. Residential Mortgage Banking earns interest on loans held in the warehouse and portfolio, fee income from the origination and servicing of mortgage loans and recognizes gains or losses from the sale of mortgage loans. BB&T’s mortgage originations totaled $23.7 billion in 2011. BB&T’s residential mortgage servicing portfolio, which includes both retained loans and loans serviced for third parties, totaled $91.6 billion in 2011.
Dealer Financial Services
Dealer Financial Services originates loans to consumers on a prime and nonprime basis for the purchase of automobiles. Such loans are originated on an indirect basis through approved franchised and independent automobile dealers throughout the BB&T market area and nationally through Regional Acceptance Corporation. This segment also originates loans for the purchase of boats and recreational vehicles originated through dealers in BB&T’s market area. In addition, financing and servi cing to dealers for their inventories is provided through a ! joint rel! ationship between Dealer Financial Services and Community Banking.
BB&T’s Specialized Lending consists of eight business units that provide specialty finance products to consumers and businesses. The internal business units include Commercial Finance that contains commercial finance and mortgage warehouse lending; and, Governmental Finance that is responsible for tax-exempt Government finance. Operating subsidiaries include BB&T Equipment Finance which provides equipment leasing within BB&T’s banking footprint; Sheffield Financial, a division of FSB Financial, a dealer-based financer of equipment for both small businesses and consumers; Lendmark Financial Services, a direct consumer finance lending company; Prime Rate Premium Finance Corporation, which includes AFCO and CAFO, insurance premium finance business units that provide funding to businesses in the United States and Canada and to consumers in certain markets within BB&T’s banking footprint, and Grandbridge Real Estate Capital, a commercial mortgage banking lender providing loans on a national basis.
BB&T Insurance Services provides property and casualty, life and health insurance to businesses and individuals. It also provides small business and corporate products, such as workers compensation and professional liability, as well as surety coverage and title insurance. In addition, Insurance Services also underwrites a limited amount of property and casualty coverage.
Financial Services provides personal trust administration, estate planning, investment counseling, wealth management, asset management, employee benefits services, corporate banking and corporate trust services to individuals, corporations, institutions, foundations and Government entities. Financial Services also offers clients investment alternatives, including discount broker age services, equities, fixed-rate and variable-rate annuiti! es, mutua! l funds and governmental and municipal bonds through BB&T Investment Services, Inc., a subsidiary of Branch Bank. Financial Services includes Scott & Stringfellow, LLC, a brokerage and investment banking firm. Scott & Stringfellow provides services in retail brokerage, equity and debt underwriting, investment advice, corporate finance and equity research and facilitates the origination, trading and distribution of fixed-income securities and equity products in both the public and private capital markets. Scott & Stringfellow also has a public finance department that provides investment banking services, financial advisory services and municipal bond financing. Scott & Stringfellow’s investment banking and corporate and public finance areas conduct business as BB&T Capital Markets. This segment includes BB&T Capital Partners that is a group of BB&T-sponsored private equity and mezzanine investment funds that invest in privately owned middle-market operating companies. Finan cial Services also includes the Corporate Banking Division that originates and services corporate relationships, syndicated lending relationships and client derivatives.
- [By John Maxfield]
While it’s not obvious from the chart, you can separate these institutions into three different buckets. The first bucket concerns the most widely discussed too-big-to-fail banks: JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo. Then comes the unofficial too-big-to-fail lenders (those with assets in excess of $50 billion and thus subject to the Federal Reserve’s more stringent stress test process). This group contains U.S. Bank (NYSE: USB ) , PNC Financial (NYSE: PNC ) , and BB&T Bank (NYSE: BBT ) , among others. And the final group encompasses lesser-known banks like First Niagara Financial (NASDAQ: FNFG ) and People’s United Financial (NASDAQ: PBCT ) with between $20 billion and $50 billion in assets.
- [By Eric Volkman]
BB&T (NYSE: BBT ) is keeping its common stock dividend policy steady. The company has declared a quarterly distribution of $0.23 per share to be paid on June 3 to shareholders of record as of May 10. This amount matches that of the previous payout, which was distributed in February, but is 15% higher than the year-ago disbursement of $0.20 per share.
- [By Amanda Alix]
It’s not hard to understand why banks such as BB&T (NYSE: BBT ) , PNC Financial (NYSE: PNC ) , and Discover Financial Services (NYSE: DFS ) might fear Walmart’s entry into full-blown banking. As it turns out, this trepidation is long-lived, and the industry has worked tirelessly over the years to keep the giant retailer out of its neck of the woods.
Best Long Term Stocks For 2015: Kaman Corporation (KAMN)
Kaman Corporation operates in the aerospace and industrial distribution markets. The company?s Industrial Distribution segment distributes products, including bearings, mechanical and electrical power transmission, fluid power, motion control, and materials handling components. The segment offers its products through approximately 200 branches, distribution centers, and call centers in the United States, including Puerto Rico, as well as in Canada and Mexico. Its Aerospace segment produces and/or markets proprietary aircraft bearings and components; and complex metallic and composite aerostructures for commercial, military, and general aviation fixed and rotary wing aircraft. This segment also provides safing and arming solutions for missile and bomb systems for the U.S. and allied militaries; support for its maritime helicopters and medium-to-heavy lift helicopters; and offers engineering design, analysis, and certification services, as well as subcontracts helicopter wor k. Kaman Corporation also operates in the United Kingdom, Germany, Australia, and New Zealand. The company was founded in 1945 and is headquartered in Bloomfield, Connecticut.
- [By Rich Smith]
Bloomfield, Conn.-based Kaman Corporation (NYSE: KAMN ) will have a new Chief Financial Officer soon.
On Thursday, the aircraft parts-maker announced that when current CFO William C. Denninger retires on June 30, he will quickly be succeeded (the very next day, in fact) by newly promoted Senior Vice President and CFO Robert D. Starr.
- [By Rich Smith]
Bloomfield, Conn.-based Kaman Corporation (NYSE: KAMN ) looks likely to land a sizable contract with the New Zealand Ministry of Defense, the company announced late Thursday.
- [By Rich Duprey]
Aerospace parts manufacturer Kaman (NYSE: KAMN ) announced yesterday its second-quarter dividend of $0.16 per share, the same rate it’s paid since 2011.
Best Long Term Stocks For 2015: International Speedway Corporation(ISCA)
International Speedway Corporation, together with its subsidiaries, promotes motorsports themed entertainment activities in the United States. The company?s motorsports themed event operations consist of racing events at its motorsports entertainment facilities. Its motorsports entertainment facilities promoted approximately 100 stock car, open wheel, sports car, truck, motorcycle, go-kart racing, and other racing events. The company is also involved in souvenir merchandising operations; food and beverage concession operations; the provision of catering services in suites and chalets; creation of motorsports-related programming content, including national satellite radio service; the usage of its track facilities for testing for teams, driving schools, riding experiences, car shows, auto fairs, concerts and settings for television commercials, print advertisements, and motion pictures; and rents show cars for promotional events. As of November 30, 2011, it owned and/or op erated 13 motorsports entertainment facilities. The company was formerly known as Daytona International Speedway Corporation and changed its name to International Speedway Corporation in 1968. International Speedway Corporation was founded in 1953 and is headquartered in Daytona Beach, Florida.
- [By Patricio Kehoe] hem. This market giant operates 13 motorsports stadiums, including the infamous Daytona 500 and Talladega Superspeedway and hosts over 100 events during the racing season. The firm relies on the motorsport segment for 70% of its revenue, and is majority owned by the France family, which also owns the privately held NASCAR. However, this once popular sport has lost some of its fame from the 2000s and today, it might not be the most profitable business. Let’s take a look at what might have motivated investment guru David Dreman (Trades, Portfolio) to sell out his company shares.
Back and Forth in a Monopoly
The motorsports industry is a natural monopoly at the local level, since only one racetrack can hold NASCAR events in each market, and until now, International Speedway has won this battle. Nevertheless, over the past five years, this company has suffered under declining ticket and concession spending, due to a weak demographic fan base located in troubled geographies. Although recent racetrack changes and customer stabilization will leave ISCA well positioned when spending power increases once again, this is bound to happen at a slow pace. However, the distinct properties of each racetrack attract high brand loyalty, and have compelled competitors like Speedway Motorsports Inc. (TRK) to focus business on completely different markets, therefore posing no real threat to ISCA.
Given that a recession or high oil prices could lead to a strong decline in admissions and concessions revenue, as well as corporate sponsorships, the motorsport giant has been making active efforts to counterbalance its vulnerability. After the 2009 recession cut down on sales by 40% and motorsports lost some popularity, causing ROIC metrics to plummet from 17.7% (quarter four of 2008) to 6.2% in fiscal 2013, ISCA focused on improving its capital allocation strategy. The new Hollywood Casino at the Kansas Speedway racetrack, which the company is building in a joint ventu
- [By Seth Jayson]
Calling all cash flows
When you are trying to buy the market’s best stocks, it’s worth checking up on your companies’ free cash flow once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That’s what we do with this series. Today, we’re checking in on International Speedway (Nasdaq: ISCA ) , whose recent revenue and earnings are plotted below.
- [By Michael Flannelly]
Before the opening bell on Thursday, motorsports and entertainment company International Speedway Corporation (ISCA) reported that its third quarter loss widened compared to the previous year despite an increase in revenues. The higher losses were mostly due to a number of one-time costs.
The Daytona Beach, Florida-based company posted a third quarter net loss of $7.9 million, or 17 cents per share, versus last year’s third quarter loss of $1.04 million, or 2 cents per share.
Excluding various one-time items, International Speedway Corp. said its adjusted net income came in at $2.3 million, or 5 cents per share, in the third quarter. According to analysts polled by Thomson Reuters, the company was expected to see an adjusted loss of 1 cent per share for the quarter.
International Speedway’s third quarter revenues were $117.05 million, up slightly from the $115.93 million in revenues posted last year. On average, analysts were expecting the company to post revenues of $118.6 million in the quarter.
“We remain encouraged with our quarter and year-to-date financial results; generating increased total revenue for the periods,” stated ISC Chief Executive Officer Lesa France Kennedy. “Adjusting for comparable events, our attendance revenue, which has been our principal risk, was down less than one percent for the quarter delivering results within our range of expectations and showing further signs of stabilization in our business.”
Looking forward, the company maintained its fiscal 2013 guidance. It expects full year revenues to come in between $610.0 million and $625.0 million, with adjusted earnings coming in between $1.35 and $1.55 per share. However, the company said it feels more comfortable expecting full year results to be at the low-to-mid range of this guidance.
International Speedway Corp shares were inactive during pre-market trading on Thursday. The stock is up 20.76% year-to-date
- [By Monica Gerson]
International Speedway (NASDAQ: ISCA) is estimated to post a Q3 loss at $0.01 per share on revenue of $118.60 million.
IDT (NYSE: IDT) is projected to report its Q4 earnings at $0.28 per share on revenue of $397.40 million.
Best Long Term Stocks For 2015: Shoe Carnival Inc (SCVL)
Shoe Carnival, Inc. is a family footwear retailer. The Company offers customers an assortment of dress, casual and athletic footwear for men, women and children with emphasis on national and regional name brands. The Company’s stores averaged approximately 10,800 square feet, ranging in size from 6,000 to 26,500 square feet. As of January 28, 2012, the Company operated 327 stores located across 32 states and offered online shopping at www.shoecarnival.com. Its average store carries approximately 28,500 pairs of shoes in four general categories, such as men’s, women’s, children’s and athletics. In addition to footwear, its stores carry selected accessory items complementary to the sale of footwear.
The Company operates a single 410,000 square foot distribution center located in Evansville, Indiana. Women’s, men’s and children’s non-athletic footwear categories are further divided into dress, casual, sport, sandals and boots. It classifies athletic shoes by functionality, such as running, basketball or fitness shoes. During the fiscal year ended January 28, 2012 (fiscal 2011), athletic styles, including children’s sizes, have represented approximately 50% of its footwear sales.
- [By DailyFinance Staff]
Job creation last month was shockingly weak, but analysts couldn’t really explain why –- other than to blame the weather — which left investors unsure how to react Friday. Many analysts say the numbers are likely to be revised higher next month, and in the end, market reaction was muted. The Dow Jones industrial average (^DJI) lost ground for a third straight day, declining nearly 8 points, but the Standard & Poor’s 500 index (^GPSC) added 4, and the Nasdaq composite index (^IXIC) rose 18 points. Target (TGT) lost more than a point after saying the data breach that began on Black Friday was much worse than previously thought. The company now says as many as 70 million customers had personal information stolen. Target also lowered its fourth quarter outlook, partly because sales slumped after the data breach was first revealed. Sears (SHLD) tumbled by around 13.5 percent. It expects a big quarterly loss as sales fell during the holiday shopping season. Several smaller, specialty retailers also fell: Pacific Sunwear (PSUN) slid 16 percent, Five Below (FIVE) fell 7 percent, Shoe Carnival (SCVL) lost 5 percent, and Conn’s (CONN) lost 2 percent. But Abercrombie & Fitch (ANF) jumped 12 percent. It raised its earnings forecast as sales were not as bad as expected. Elsewhere, Alcoa (AA) fell about 5.5 percent. It’s not quite the economic bellwether it used to be, but the aluminum giant still matters, and its net came in a bit shy of expectations. YRC Worldwide (YRCW) tumbled 13 percent after workers rejected a contract offer. That has raised fears the trucking company could be forced into bankruptcy. On the upside, the weak jobs report could keep mortgage rates from rising, and that boosted housing stocks. KB Homes (KBH) rose 3 percent, William Lyons up 4 percent, and Lennar (LEN) was up 2 percent. And on Thursday we reported that shares of Intercept Pharmaceuticals nearly quadrupled in price on news of a positive clinical study for its liver dr
- [By Lauren Pollock]
Shoe Carnival Inc.’s(SCVL) fiscal third-quarter earnings slid 11%, with revenue declining due to an unfavorable calendar shift from the previous year.
- [By Sue Chang]
Shoe Carnival (SCVL) is forecast to post earnings of 52 cents a share in the third quarter.
Best Long Term Stocks For 2015: LVMH Moet Hennessy Louis Vuitton SA (LVMH)
LVMH Moet Hennessy Louis Vuitton SA, (LVMH), is a France-based luxury goods company. It owns a portfolio of luxury brands and its business activities are divided into five segments: Wines and Spirits, Fashion and Leather Goods, Perfumes and Cosmetics, Watches and Jewelry, and Selective Retailing. The activities of the wines and spirits sector include the Champagne and Wines branch, and the Cognac and Spirits branch. The Fashion and Leather Goods group includes Louis Vuitton, Kenzo and Rossimoda among others. LVMH is present in the perfume and cosmetics sector through the French Houses Christian Dior and other brands. Watches and Jewelry sells such products as TAG Heuer, Zenith, Dior Watches, Chaumet and Fred, among others. Selective Retailing businesses operate in two segments: travel retail and the seleLVMH ctive retail concepts represented by Sephora and Le Bon Marche. In September 2013, the Company acquired majority stake in Nicholas Kirkwood, a British shoe designer compa ny. Advisors’ Opinion:
- [By Holly LaFon]
TR: It’s a one-off isn’t it? That’s why we said – what could be the source of new ideas? We’ve got Richemont, you have Louis Vuitton Moët Hennessy (LVMH).
- [By Holly LaFon]
Louis Vuitton (LVMH) is one of the world’s leading manufacturers and retailers of luxury apparel. Nearly two years ago, we began to analyze the company. We liked the business model, particularly the growth potential as consumers in emerging markets grow more eager to demonstrate their afﬂuence. We concluded that the company was well-run by a trustworthy management team, but its valuation did not seem very compelling. Louis Vuitton did not appear to be trading at what we felt was enough of a discount to its intrinsic value. Despite this, we did not abandon the idea. For the next 18 months we kept Louis Vuitton on what we call our inventory list. It was an investment we were comfortable making if the right price presented itself. In April, Louis Vuitton shares declined sharply after shareholders were disappointed by their latest earnings announcement, bringing the stock down to a valuation that we felt was attractive. We acted quickly to purchase shares.
Best Long Term Stocks For 2015: Helen of Troy Limited(HELE)
Helen of Troy Limited, together with its subsidiaries, engages in the design, development, import, marketing, and distribution of brand-name consumer products primarily in the United States and Canada, as well as in Europe, Asia, and Latin America. It operates in three segments: Personal Care, Housewares, and Healthcare/Home Environment. The Personal Care segment offers hair dryers, straighteners, curling irons, hair setters, shavers, mirrors, hot air brushes, home hair clippers and trimmers, paraffin baths, massage cushions, footbaths, body massagers, brushes, combs, hair accessories, liquid and aerosol hair styling products, men?s fragrances, men?s and women?s antiperspirants and deodorants, liquid and bar soaps, shampoos, conditioners, hair treatments, foot powder, body powder, and skin care products. The Housewares segment provides kitchen tools, cutlery, bar and wine accessories, household cleaning tools, food storage containers, tea kettles, trash cans, storage an d organization products, hand tools, gardening tools, kitchen mitts and trivets, barbeque tools, and rechargeable lighting products, as well as baby and toddler care products, including convertible high chair. The Healthcare/Home Environment segment offers humidifiers, de-humidifiers, vaporizers, thermometers, air purifiers, fans, portable heaters, heating pads, and electronic mosquito traps. The company sells its products primarily through mass merchandisers, drugstore chains, warehouse clubs, home improvement stores, catalogs, grocery stores, specialty stores, beauty supply retailers, e-commerce retailers, wholesalers, and various types of distributors, as well as directly online to end user consumers. Helen of Troy Limited was founded in 1968 and is based in Hamilton, Bermuda.
- [By Canadian Value]
NEW YORK, Feb. 4, 2014 /PRNewswire/ — Sachem Head Capital Management today sent a letter to the Board of Directors of leading consumer goods company Helen of Troy Limited (HELE). In the letter, Sachem Head outlines its belief that Helen of Troy shares are materially undervalued, highlighting the Board’s apparent unwillingness to respond to recent inquiries regarding potential strategic combinations, and recommending actions for the Board of Directors to undertake to maximize value for the shareholders, including a thorough and legitimate review of strategic alternatives.
- [By Wallace Witkowski]
Helen of Troy Ltd (HELE) shares rose 1.3% to $49.20 on light volume after reporting third-quarter earnings of $1.16 a share on revenue of $380.7 million. Analysts had forecast earnings of $1.09 a share on revenue of $378.9 million.
- [By Monica Gerson]
Helen of Troy (NASDAQ: HELE) is estimated to post its Q2 earnings at $0.72 per share on revenue of $292.15 million.
Posted-In: Earnings scheduleEarnings News Pre-Market Outlook Markets
Best Long Term Stocks For 2015: Two Harbors Investment Corp (TWO)
Two Harbors Investment Corp. (Two Harbors), incorporated on May 21, 2009, operates as a real estate investment trust (REIT). The Company is focused on investing in, financing and managing residential mortgage-backed securities (RMBS), residential mortgage loans, residential real properties, and other financial assets. The Company focuses on security selection and implements a relative value investment approach across various sectors within the residential mortgage market. Its target assets include Agency RMBS, Non-Agency RMBS, residential mortgage loans, residential real properties and other financial assets comprising approximately 5% to 10% of the portfolio. The Company has designated certain of its subsidiaries as taxable REIT subsidiaries (TRSs). Capitol Acquisition Corp. (Capitol) is a wholly owned indirect subsidiary of Two Harbors. The Company is externally managed and advised by PRCM Advisers LLC, a wholly owned subsidiary of Pine River Capital Management L.P. (Pin e River).
The Company invests primarily in mortgage pass-through certificates, collateralized mortgage obligations and other residential mortgage-backed securities representing interests in or obligations backed by pools of mortgage loans issued by Federal National Mortgage Association (Fannie Mae), Federal Home Loan Mortgage Corporation (Freddie Mac), and Government National Mortgage Association (GNMA) (collectively GSEs). The Company also invests in residential mortgage-backed securities that are not issued by the GSEs (non-Agency RMBS) and United States Treasuries. At December 31, 2011, the Company had total assets of approximately $8.1 billion, of which $6.2 billion, or 77.1%, represented its RMBS portfolio. At December 31, 2011, $5.1 billion, or 80.9%, of its RMBS portfolio was comprised of Agency RMBS, $0.9 billion, or 14.9%, of its RMBS portfolio was comprised of senior non-Agency RMBS, and the remaining $0.2 billion, or 4.2%, was comprised of other non-A gency RMBS. The remaining $1.9 billion of assets consisted p! rimarily of United States Treasuries classified as trading instruments, cash, restricted cash, mortgage loans held-for-sale, receivables, derivative assets and prepaid assets.
- [By Amanda Alix]
Putting things in perspective
Perhaps in response to such concerns, hybrid mREIT Two Harbors (NYSE: TWO ) recently released a useful investor primer on the industry, giving a much clearer view of just where mREITs stand compared to other mortgage players.
- [By Amanda Alix]
For Wall Street types, single-family foreclosures can be bought cheaply and in bulk, then fixed up and rented. Companies like the Blackstone Group (NYSE: BX ) and Colony Financial (NYSE: CLNY ) have been very active in this market, with the former purchasing 16,000 homes just last year, and the latter ramping up its own portfolio to approximately 7,000. This new industry has also spawned fresh entrants from the REIT field, Silver Bay Realty (NYSE: SBY ) and Altisource Residential, (NYSE: RESI ) two trusts that were spun off earlier this year from parent companies Two Harbors Investment (NYSE: TWO ) and Altisource Portfolio Solutions (NASDAQ: ASPS ) , specifically to take advantage of the boom in the foreclosure-to-rental market.
- [By Amanda Alix]
It didn’t take hybrid mortgage REIT Two Harbors Investment (NYSE: TWO ) long to spring back — with vigor — after the spectacularly lousy earnings reports from agency-only player American Capital Agency (NASDAQ: AGNC ) and its hybrid buddy American Capital Mortgage. Its own first-quarter report was to die for, and the stock has risen over 6% on the day following that announcement.
- [By Amanda Alix]
While these companies are still heavily involved, there is also a new presence on the scene: the single-family home REIT. Last December, mortgage REIT Two Harbors (NYSE: TWO ) spun off Silver Bay Realty (NYSE: SBY ) after selling its stable of 3,100 homes to Silver Bay prior to its initial public offering. Around the same time, Altisource Residential was also born, spun off from Altisource Portfolio Solutions (NASDAQ: ASPS ) .
Best Long Term Stocks For 2015: Elecsys Corporation(ESYS)
Elecsys Corporation provides data acquisition systems, machine to machine (M2M) communication technology solutions, and custom electronic equipment for critical industrial applications in the United States and internationally. The company designs and manufactures wireless remote monitoring and telemetry solutions to the energy infrastructure sector, as well as other industrial markets under the Pipeline Watchdog and NTG brand names. It also provides process monitoring, data communication, and cyber security solutions under the SensorCast, Director, and zONeGUARD brand names; smart asset tagging solutions based on radio frequency identification (RFID) technologies, which include custom tags, readers, and software under the brand name of eXtremeTAG; custom electronic design and manufacturing services (EDMS) under the DCI brand name; and ultra-rugged handheld computing solutions, as well as handheld computers, printers, peripherals, and application software under the brand na me of Radix. In addition, the company designs, manufactures, and tests a range of electronic assemblies, including circuit boards, high-frequency electronic modules, microelectronic assemblies, and turn-key products; and provides liquid crystal displays (LCDs) devices and modules, and hardware and software design services to its original equipment manufacturers (OEMs) partners, as well as offers integrated data collection and reporting solutions. It primarily serves energy infrastructure, safety and security systems, industrial controls, irrigation and water management, transportation, military, and aerospace markets. Elecsys Corporation was founded in 1991 and is headquartered in Olathe, Kansas.
- [By John Udovich]
Small cap machine-to-machine (M2M) stock Elecsys Corp (NASDAQ: ESYS) jumped 8.99% yesterday and is up 254% over the past year, meaning it might be time to take a closer look at the stock and its performance verses other small cap M2M stocks like Digi International Inc (NASDAQ: DGII), Numerex Corp (NASDAQ: NMRX) and Sierra Wireless, Inc (NASDAQ: SWIR). First of all though, I should mention that machine-to-machine (M2M) broadly refers to technologies that allow both wireless and wired systems to communicate with other devices of the same type and this can be through any type of technology ranging from instruments to networks to applications that create connections between devices.
Best Long Term Stocks For 2015: Morgan Stanley (INR)
Morgan Stanley, incorporated on January 10, 1981, is a global financial services company that, through its subsidiaries and affiliates, provides its products and services to a range of clients and customers, including corporations, governments, financial institutions and individuals. The Company is a financial holding company. The Company operates in three segments: Institutional Securities, Global Wealth Management Group and Asset Management. The Company provides financial advisory and capital-raising services to a group of corporate and other institutional clients worldwide. As of December 31, 2011, the Company’s Global Wealth Management Group had $1,649 billion in client assets. The Company’s Asset Management business segment offers clients an array of equity, fixed income and alternative investments and merchant banking services. In December 2013, the Company announced that it has sold the majority of its global physical oil trading operations to Rosneft’ NK OAO.
The Company provides financial advisory and capital-raising services primarily through wholly owned subsidiaries that include Morgan Stanley & Co. LLC (MS&Co.), Morgan Stanley & Co. International plc and Morgan Stanley Asia Limited, and certain joint venture entities that include Morgan Stanley MUFG Securities Co., Ltd. (MSMS) and Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. (MUMSS). The Company, primarily through these entities, also conducts sales and trading activities worldwide, as principal and agent, and provides related financing services on behalf of institutional investors. The Company manages and participates in public offerings and private placements of debt, equity and other securities worldwide. The Company is an underwriter of common stock, preferred stock and other equity-related securities, including convertible securities and American depositary receipts (ADRs). The Company is also an underwriter of fix ed income securities, including investment-grade debt, non-i! nvestment-grade instruments, mortgage-related and other asset-backed securities, tax-exempt securities and commercial paper and other short-term securities.
The Company provides corporate and other institutional clients worldwide with advisory services on matters, such as mergers and acquisitions, divestitures, joint ventures, corporate restructurings, recapitalizations, spin-offs, exchange offers and leveraged buyouts and takeover defenses, as well as shareholder relations. The Company also provides advice concerning rights offerings, dividend policy, valuations, foreign exchange exposure, financial risk management strategies and financial planning. In addition, the Company provides advice and services regarding project financings and provides advisory services in connection with the purchase, sale, leasing and financing of real estate. The Company provides loans or lending commitments, including bridge financing, to selected corporate clients through its subsi diaries, including Morgan Stanley Bank, N.A (MSBNA).
The Company conducts sales, trading, financing and market-making activities on securities and futures exchanges and in over-the-counter (OTC) markets worldwide. The Company’s Institutional Securities sales and trading activities consists of Equity Trading; Fixed Income and Commodities; Clients and Services; Research, and Investments. The Company acts as principal (including as a market-maker) and agent in executing transactions worldwide in equity and equity-related products, including common stock, ADRs, global depositary receipts and exchange-traded funds. The Company’s equity derivatives sales, trading and market-making activities cover equity-related products worldwide, including equity swaps, options, warrants and futures overlying individual securities, indices and baskets of securities and other equity-related products. The Company also issues and makes a principal market in equity-linked products to institutional and individual investors.
The ! Company t! rades, invests and makes markets in fixed income securities and related products globally, including, among other products, investment and non-investment grade corporate debt, distressed debt, bank loans, the United States and other sovereign securities, emerging market bonds and loans, convertible bonds, collateralized debt obligations, credit, currency, interest rate and other fixed income-linked notes, securities issued by structured investment vehicles, mortgage-related and other asset-backed securities and real estate-loan products, municipal securities, preferred stock and commercial paper, money-market and other short-term securities. The Company is a dealer of the United States federal government securities and a member of the selling groups that distribute various the United States agency and other debt securities. The Company is also a dealer or market-maker of government securities in European, Asian and emerging market countries.
The Company trades, invests and makes markets globally in listed futures and OTC swaps, forwards, options and other derivatives referencing, among other things, interest rates, currencies, investment grade and non-investment grade corporate credits, loans, bonds, the United States and other sovereign securities, emerging market bonds and loans, credit indexes, asset-backed security indexes, property indexes, mortgage-related and other asset-backed securities and real estate loan products. The Company trades, invests and makes markets in foreign currencies, such as the British pound, Canadian dollar, euro, Japanese yen and Swiss franc, as well as in emerging markets currencies. The Company trades these currencies on a principal basis in the spot, forward, option and futures markets.
The Company advises on investment and liability strategies and assists corporations in their debt repurchases and tax planning. The Company invests and makes markets in the spot, forward, physical deriva tives and futures markets in several commodities, including ! metals (b! ase and precious), agricultural products, crude oil, oil products, natural gas, electric power, emission credits, coal, freight, liquefied natural gas and related products and indices. The Company is a market-maker in exchange-traded options and futures and OTC options and swaps on commodities, and offers counterparties hedging programs relating to production, consumption, reserve/inventory management and structured transactions, including energy-contract securitizations and monetization. The Company is an electricity power marketer in the United States and owns electricity-generating facilities in the United States and Europe.
The Company owns TransMontaigne Inc. and its subsidiaries, a group of companies operating in the refined petroleum products marketing and distribution business, and owns a minority interest in Heidmar Holdings LLC, which owns a group of companies that provide international marine transportation and the United States marine logistics servi ces. The Company provides financing services, including prime brokerage, which offers, among other services, consolidated clearance, settlement, custody, financing and portfolio reporting services to clients trading multiple asset classes. In addition, the Company’s institutional distribution and sales activities are overseen and coordinated through Clients and Services.
The Company’s research department (Research) coordinates worldwide across all of the Company’s businesses and consists of economists, strategists and industry analysts who engage in equity and fixed income research activities and produce reports and studies on the United States and global economy, financial markets, portfolio strategy, technical market analyses, individual companies and industry developments. The Company from time to time makes investments that represent business facilitation or other investing activities. From time to time, the Company may also make investments and capita l commitments to public and private companies, funds and oth! er entiti! es. The Company’s Operations and Information Technology departments provide the process and technology platform that supports Institutional Securities sales and trading activity, including post-execution trade processing and related internal controls over activity from trade entry through settlement and custody, such as asset servicing.
Global Wealth Management Group
The Company’s Global Wealth Management Group, which includes the Company’s 51% interest in Morgan Stanley Smith Barney Holdings LLC (MSSB), provides financial services to clients. During the year ended December 31, 2011, the Company had a network of more than 17,500 global representatives in approximately 765 locations. Global Wealth Management Group professionals serve individual investors and small-to-medium sized businesses and institutions with focus on ultra-high-net-worth, high-net-worth and affluent investors. Global representatives are located in branches across the United States. Outside the United States, Global Wealth Management Group offers financial services to clients in Europe, the Middle East, Asia, Australia, Canada and Latin America.
The Company’s Global Wealth Management Group provides clients with an array of financial solutions, including products and services from the Company, Citigroup Inc. (Citi) and third-party providers, such as insurance companies and mutual fund families. Global Wealth Management Group provides brokerage and investment advisory services covering various types of investments, including equities, options, futures, foreign currencies, precious metals, fixed income securities, mutual funds, structured products, alternative investments, unit investment trusts, managed futures, separately managed accounts and mutual fund asset allocation programs. Global Wealth Management Group also engages in fixed income principal trading, which primarily facilitates clients’ trading or investments in such sec urities. In addition, Global Wealth Management Group offers ! education! savings programs, financial and wealth planning services, and annuity and other insurance products.
Global Wealth Management Group offers its clients access to several cash management services through various banks and other third parties, including deposits, debit cards, electronic bill payments and check writing, as well as lending products through affiliates, such as Morgan Stanley Private Bank, National Association (MS Private Bank) and MSBNA, including securities-based lending, mortgage loans and home equity lines of credit. Global Wealth Management Group also provides trust and fiduciary services, offers access to cash management and commercial credit solutions to qualified small- and medium-sized businesses in the United States, and provides individual and corporate retirement solutions, including individual retirement accounts and 401(k) plans and the United States and global stock plan services to corporate executives and businesses. Global Wealth Mana gement Group provides clients a variety of ways to establish a relationship and conduct business, including brokerage accounts with transaction-based pricing and investment advisory accounts with asset-based fee pricing.
The Company’s portfolio managers located in the United States, Europe and Asia manage investment products ranging from money market funds to equity and fixed income strategies, alternative investment and merchant banking products in developed and emerging markets across geographies and market cap ranges. The Company offers a range of alternative investment, real estate investing and merchant banking products for institutional investors and high net worth individuals. The Company’s alternative investments platform includes funds of hedge funds, funds of private equity funds and portable alpha strategies. The Company’s alternative investments platform also includes minority interest in Lansdowne Partners, Avenue Capital Group and Traxis Partners LP. The Company’s real e! state and! merchant banking businesses include its real estate investing business, private equity funds, corporate mezzanine debt investing group and infrastructure investing group.
The Company acts as general partner of, and investment adviser to, its alternative investment, real estate and merchant banking funds. The Company provides investment management strategies and products to institutional investors worldwide, including corporations, pension plans, endowments, foundations, sovereign wealth funds, insurance companies and banks through a range of pooled vehicles and separate accounts. It also provides sub-advisory services to various unaffiliated financial institutions and intermediaries. The Company offers open-end and alternative investment funds and separately managed accounts to individual investors through affiliated and unaffiliated broker-dealers, banks, insurance companies, financial planners and other intermediaries. Closed-end funds managed by the Company are available to individual investors through affiliated and unaffiliated broker-dealers. The Company also distributes mutual funds through a range of retirement plan platforms. Internationally, the Company distributes traditional investment products to individuals outside the United States through distributors and distributes alternative investment products through affiliated broker-dealers and banks. The Company’s Operations and Information Technology departments provide or oversee the process and technology platform required to support its asset management business. Support activities include transfer agency, mutual fund accounting and administration, transaction processing and certain fiduciary services on behalf of institutional, intermediary and high net worth clients.
- [By Jon C. Ogg]
Market Vectors Indian Rupee/USD ETN (NYSEMKT: INR) and WisdomTree Indian Rupee (NYSEMKT: ICN) are both performing poorly as well in the currency exchange traded note (ETN) world, although their trading volume is too thin to monitor.
Best Long Term Stocks For 2015: V.F. Corporation(VFC)
V.F. Corporation designs and manufactures, or sources from independent contractors various apparel and footwear products primarily in the United States and Europe. The company offers apparel, footwear, outdoor gear, skateboard-inspired and surf-inspired footwear, backpacks, luggage, handbags and accessories, outdoor apparel, travel accessories, and women?s active wear primarily under the Vans, The North Face, JanSport, Eastpak, Kipling, Napapijri, Reef, Eagle Creek, and lucy brands; and denim and casual bottoms, and tops principally under Wrangler, Lee, Riders, Rustler, and Timber Creek by Wrangler brands. Its products also include occupational, athletic, and licensed apparel primarily under the Red Kap, Bulwark, Majestic, MLB, NFL, and Harley-Davidson brands; men?s fashion sportswear, denim bottoms, sleepwear, underwear, as well as handbags, luggage, backpacks, and accessories principally under the Nautica and Kipling brands; and denim and casual bottoms, sportswear, acce ssories, men?s apparel and footwear, and women?s sportswear primarily under the 7 For All Mankind, John Varvatos, Splendid, and Ella Moss brands. The company sells its products to specialty stores, department stores, national chains, and mass merchants primarily through its sales force, independent sales agents, and distributors. V.F. Corporation was founded in 1899 and is based in Greensboro, North Carolina.
- [By Will Ashworth]
Summit Sports, a Michigan-based retailer of sporting goods, had this to say about the cold: “Our apparel sales are through the roof on Amazon … We’ve seen a 50% to 60% increase in sales on Amazon.” According to Compete Inc., the average weekly traffic in January for seven big-time retailers of cold-weather gear increased by 22% year-over-year. Both Columbia Sportswear (COLM) and Timberland, part of VF Corp. (VFC), saw YOY increases of more than 40%.
- [By Kevin Donovan]
Everybody’s saying it, so we will, too: Baby, it’s cold outside! Companies like VF Corp (NYSE:VFC), maker of Wrangler jeans and winter clothing brands The North Face and Timberland, could be warming up as a result. We think it’s a buy for risk-averse folks fearful of expensive equities but hard-pressed to find an alternative in the land of slender bond yields.
- [By Louis Navellier]
Shares of VF Corporation (VFC) retreated after the apparel maker reported fourth-quarter results. VF has been one of my top clothing picks for some time, so let’s see what was behind the pullback and whether this was a kneejerk reaction or truly a sign of tougher times to come.
Best Long Term Stocks For 2015: Dominion Resources Inc. (D)
Dominion Resources, Inc., together with its subsidiaries, engages in producing and transporting energy in the United States. It operates in three segments: DVP, Dominion Generation, and Dominion Energy. The DVP segment includes regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. This segment also involves in non regulated retail energy marketing of electricity and natural gas. The Dominion Generation segment includes the electricity generation through coal, nuclear, gas, oil, and renewables; and related energy supply operations. It also comprises generation operations of the company?s merchant fleet and energy marketing, and price risk management activities for these assets. The Dominion Energy segment includes the company?s Ohio and West Virginia regulated natural gas distribution companies, regulated gas transmission pipeline and storage operations, natural gas gathering and by-products extraction activities, and regulated LNG import and storage operations. It also provides producer services, which aggregates natural gas supply; engages in natural gas trading and marketing activities; and involves in natural gas supply management. The company?s portfolio of assets includes approximately 27,615 MW of generation; 6,100 miles of electric transmission lines; 56,800 miles of electric distribution lines; 11,000 miles of natural gas transmission, gathering, and storage pipeline; and 21,800 miles of gas distribution pipeline. Dominion Resources, Inc. also owns approximately 947 bcf of storage capacity of natural gas and serves retail energy customers in 14 states. In addition, it sells electricity at wholesale prices to rural electric cooperatives, municipalities, and into wholesale electricity markets. The company was founded in 1909 and is headquartered in Richmond, Virginia.
- [By Richard Stavros]
Created with YCharts
In addition to beating the market since the beginning of the year, diversified energy utilities, such as MDU Resources Group Inc (NYSE: MDU), Dominion Resources Inc (NYSE: D) and Sempra Energy (NYSE: SRE), significantly outperformed pure-play or predominantly all-electric utilities, such as Duke Energy Corp (NYSE: DUK) and Entergy Corp (NYSE: ETR), by as much as several percentage points (See Chart B).
Interestingly, among top performers, there was no dominant strategy for exploiting natural gas demand, as these firms were involved in all aspects of the value chain–from exploration and production to distribution and storage. These companies have not only been benefiting from a natural gas surplus, but also from the pressing need to expand US energy infrastructure to deliver this newfound bounty to businesses and households.
Chart B: Diversified Energy Utilities Outperformed Electric-Only Peers
- [By David Dittman]
Answer: Exelon and FirstEnergy had a lot of exposure to the wholesale power market as well as other particular circumstances that made their situations acute. I don’t foresee a raft of dividend cuts in the sector.
I like electric utilities with a lot of regulated revenue, or with a lot of exposure to the midstream segment of the energy business, as is the case with Dominion Resources (NYSE: D).
- [By Grace L. Williams]
Master limited partnership Dominion Resources (D) grabbed our attention after UBS analyst Julien Dumoulin-Smith upgraded it to Buy from Neutral and lifted the price target to $72 from $63 on anticipation that a “mid-year spin of the MLP” will generate about $4 per share in value. “We see capacity to drive double digit distribution growth through the decade,” Dumoulin-Smith wrote. Dominion is scheduled to report earnings sometime between Jan. 27 and 31.
Best Long Term Stocks For 2015: Helvetia Holding AG (HELN)
Helvetia Holding AG is a Switzerland-based holding company of the Helvetia Group, an internationally active, all-lines insurance service group. The Company divides its activities into country markets Switzerland, Germany, Italy, Spain and Other insurance units, which include Austria, France and the global reinsurance business, as well as the Corporate segment, which includes all the Helvetia Group activities, as well as financing companies and the Company. Helvetia Holding AG classifies its activities as life business, non-life business and other activities. The life business offers life insurance, pension plans and annuities, among others. The non-life business includes property, motor vehicle, liability and transport policies, as well as health and accidental insurance coverage. The reinsurance business, among others, is included in Other activities business. The Company operates through its branch offices and subsidiaries. Advisors’ Opinion:
- [By Tom Stoukas]
Helvetia Holding AG (HELN) added 3.3 percent to 412 Swiss francs. Switzerland’s fourth-biggest insurer said first-half profit rose because of increased life-insurance sales and an acquisition in France. Net income climbed to 179.5 million Swiss francs ($192 million) in the six months through June, beating the average analyst estimate of 164.4 million francs.
Best Long Term Stocks For 2015: Big Lots Inc (BIG)
Big Lots, Inc., incorporated in May 2001, through its wholly owned subsidiaries, is a North America’s closeout retailer. At January 28, 2012, the Company operated a total of 1,533 stores in two countries: the United States and Canada. The Company operates in two segments: U.S. and Canada. The merchandising categories include Consumables, Furniture, Home, Seasonal, Play n’ Wear, and Hardlines & Other. The Consumables category includes the food, health and beauty, plastics, paper, chemical, and pet departments. The Furniture category includes the upholstery, mattresses, ready-to-assemble, and case goods departments. The Home category includes the domestics, stationery, and home decorative departments. The Seasonal category includes the lawn and garden, Christmas, summer, and other holiday departments. The Play n’ Wear category includes the electronics, toys, jewelry, infant accessories, and apparel departments. The Hardlines & Other category includes the appliances, tools, p aint, and home maintenance departments. On July 18, 2011, the Company acquired Liquidation World Inc. During the fiscal year ended January 28, 2012 (fiscal 2011), the Company opened 92 stores, acquired 89 stores and closed 46 stores.
All of the Company’s stores are located in North America and has an average store size of approximately 29,900 square feet, of which an average of 21,600 square feet is selling square feet. The 54 owned stores are located in Arizona, California, Colorado, Florida, Louisiana, New Mexico, Ohio and Texas. At January 28, 2012, the Company owned or leased approximately 9.4 million square feet of distribution center and warehouse space. The Company leases and operates two regional distribution centers in Canada located in British Columbia and Ontario. Of its 1,533 stores, 33% operate in four states California, Texas, Ohio, and Florida, and net sales from stores in these states represented 36% of its fiscal 2011 net sales.
- [By John Udovich]
Yesterday, small cap online discount retailer Overstock.com, Inc (NASDAQ: OSTK) went on sale by 22.28% after announcing a disappointing earnings report which seemed to lack much management commentary, meaning it might be time to see whether its worth buying the stock given the new discount plus take a look at its performance verses that of other discount retailers like small cap Big Lots, Inc (NYSE: BIG), large cap Ross Stores, Inc (NASDAQ: ROST) and the big kahuna of online retail, Amazon.com, Inc (NASDAQ: AMZN).
- [By Louis Navellier]
If we look at those stocks trading with single-digit P/E ratios right now, it becomes a very simple task to separate the wheat from the chaff. There are many well-known stocks trading at low P/E ratios that get horrible grades from our system and should be avoided:
Ryland Homes (RYL) is a name you might hear discussed as a bargain, but the stock to a Sell back in November to a “D” and is best avoided. Standard Pacific (SPF) is another builder you should probably avoid as In spite of the low P/E ratio ,you probably want to avoid discount retailer Big Lots (BIG), as a Strong Sell this week.
But fear not — there are some great companies with solid fundamentals that earn a Buy ranking from Portfolio Grader and are better candidates for a low-P/E portfolio.
- [By Johanna Bennett]
Big Lots (BIG) plunged 12,6% to close at $32.47 after it disclosed a plan to exit the Canadian market, as the retailer conceded its efforts to turn around a business it acquired in July 2011 were unsuccessful. Results for the latest quarter missed expectations and the group issued a weaker full-year outlook for its U.S. operations.
- [By Jake L’Ecuyer]
Big Lots (NYSE: BIG) shares tumbled 13.14 percent to $32.25 after the company reported posted a Q3 loss of $0.17 per share on revenue of $1.15 billion.
Best Long Term Stocks For 2015: AstraZeneca PLC (AZN)
AstraZeneca PLC (AstraZeneca), incorporated on June 17, 1992, is a global biopharmaceutical company. AstraZeneca discovers, develops and commercializes prescription medicines for six areas of healthcare: Cardiovascular, Gastrointestinal, Infection, Neuroscience, Oncology, and Respiratory and Inflammation. It has a range of medicines that includes treatments for illnesses, such as its antibiotic, Merrem/Meronem and Losec/Prilosec for acid related diseases. AstraZeneca’s products include Crestor, Atacand,Seloken/Toprol-XL, Plendil, Onglyza, Zestril, Symbicort and Zoladex. The Company owns and operates a range of research and development (R&D), production and marketing facilities worldwide. AstraZeneca operates in over 100 countries, including China, Mexico, Brazil and Russia. On August 31, 2011, the Company completed the sale of the Astra Tech business to DENTSPLY International Inc. On June 19, 2012, the Company acquired Ardea Biosciences Inc (Ardea), a biotechnology compa ny in San Diego, California. In July 2012, the Company acquired a portfolio of neuroscience assets from Link Medicine Corporation. In August 2012, Alliance Pharma plc’s wholly owned subsidiary, Alliance Pharmaceuticals Limited, acquired the antimalarial brands Paludrine, Avloclor and Savarine from AstraZeneca UK Limited. In August 2012, the Company and Bristol-Myers Squibb Company announced the acquisition of Amylin Pharmaceuticals, Inc. by Bristol-Myers Squibb Company. In June 2013, the Company acquired Pearl Therapeutics.
The Company’s marketed products include Crestor (rosuvastatin calcium), Atacand2 (candesartan cilexetil), Seloken/Toprol-XL (metoprolol succinate), Tenormin (atenolol), Plendil (felodipine), Zestril3 (lisinopril dihydrate), Brilinta/Brilique (ticagrelor), and Axanum, (acetylsalicylic acid (ASA). Crestor1 is a statin used for the treatment of dyslipidaemia and hypercholesterolemia. In some markets, it is also in dicated to slow the progression of atherosclerosis and to re! duce the risk of first cardiovascular (CV) events. Atacand2 is an angiotensin II antagonist used for the 1st line treatment of hypertension and symptomatic heart failure. Seloken/Toprol-XL is a beta-blocker once-daily tablet used for 24-hour control of hypertension and for use in heart failure and angina.
Tenormin is a cardioselective beta-blocker used for hypertension, angina pectoris and other CV disorders. Plendil is a calcium antagonist used for the treatment of hypertension and angina. Zestril3 is an angiotensin-converting enzyme inhibitor used for the treatment of a wide range of CV diseases, including hypertension. Brilinta/Brilique is an oral antiplatelet for the treatment of acute coronary syndromes (ACS). Axanum is a fixed dose combination indicated for prevention of CV events in high-risk CV patients in need of daily low-dose ASA treatment and who are at risk of gastric ulcers.
The Company’s marketed products for diabetes include Kombog lyze ((saxagliptin and metformin HCl), Kombiglyze XR (saxagliptin and metformin XR) and Onglyza (saxagliptin). Komboglyze is an immediate release fixed dose combination indicated as an adjunct to diet and exercise to improve glycaemic control in adult patients with Type 2 diabetes mellitus inadequately controlled on their maximally tolerated dose of metformin alone or those already being treated with the combination of saxagliptin and metformin as separate tablets. Kombiglyze XR is an extended release fixed dose combination indicated as an adjunct to diet and exercise to improve glycaemic control in adults with Type 2 diabetes mellitus when treatment with both saxagliptin and metformin is appropriate. Onglyza is a DPP-IV inhibitor used for the treatment of Type 2 diabetes.
AstraZeneca’s marketed products include Nexium (esomeprazole), Losec/Prilosec (omeprazole) and Entocort (budesonide). Nexium is a proton pump inhibitor (PPI) us ed for the treatment of acid-related diseases to offer clini! cal impro! vements over other PPIs and other treatments. Losec/Prilosec is used for the short-term and long-term treatment of acid-related diseases. Entocort is a corticosteroid used for the treatment of inflammatory bowel disease. Nexium is marketed in approximately 120 countries and is available in oral (tablet/capsules and oral suspension) and intravenous (i.v.) dosage forms for the treatment of acid-related diseases.
The Company’s marketed products include Merrem/Meronem (meropenem), Cubicin (daptomycin) and FluMist/Fluenz (influenza vaccine live, intranasal). Merrem/Meronem is a carbapenem anti-bacterial used for the treatment of serious infections in hospitalised patients. Cubicin is a cyclic lipopeptide anti-bacterial used for the treatment of serious infections in hospitalised patients. FluMist/Fluenz is an intranasal live, attenuated, trivalent influenza vaccine.
AstraZeneca’s marketed products inc lude Seroquel IR (quetiapine fumarate), Seroquel XR (an extended release formulation of quetiapine fumarate), Zomig (zolmitriptan), Diprivan (propofol), Vimovo (naproxen/esomeprazole magnesium), Naropin (ropivacaine), Xylocaine (lidocaine) and EMLA (lidocaine and prilocaine). Seroquel IR is an atypical anti-psychotic drug used for the treatment of schizophrenia and bipolar disorder (mania, depression and maintenance). Seroquel XR is used for the treatment of schizophrenia, bipolar disorder, MDD and in some territories for generalised anxiety disorder (GAD).
Zomig is used for the treatment of migraines with or without aura and Zomig Nasal Spray is indicated for the acute treatment of cluster. Diprivan is an intravenous general anaesthetic used in the induction and maintenance of general anaesthesia, for use in intensive care sedation and conscious sedation for surgical as well as diagnostic procedures. Vimovo is a fixed-dose combination of enteric-coated naproxe n (an NSAID) with the gastroprotection of immediate release ! esomepraz! ole (a proton pump inhibitor) for the relief of signs and symptoms of osteoarthritis, rheumatoid arthritis and ankylosing spondylitis, and to decrease the developing of gastric ulcers in patients at risk of developing NSAID-associated gastric ulcers. Naropin is used as a long-acting local anaesthetic, for surgical anaesthesia and acute pain management. Xylocaine is a used short-acting local anaesthetic. EMLA is used as a local anaesthetic for topical application.
AstraZeneca’s marketed products include Arimidex (anastrozole), Zoladex (goserelin acetate implant), Casodex (bicalutamide), Iressa (gefitinib), Faslodex (fulvestrant), Nolvadex (tamoxifen citrate) and Caprelsa (vandetanib). Arimidex is an aromatase inhibitor used for the treatment of early breast cancer. Zoladex, in one- and three-month depots, is a luteinising hormone-releasing hormone agonist used for the treatment of prostate cancer, breast cancer and certain benign gynaecol ogical disorders. Casodex is an anti-androgen therapy used for the treatment of prostate cancer.
- [By Peter Stephens]
GlaxoSmithKline isn’t the only pharmaceutical company that’s had some encouraging news flow with regard to its drug pipeline in 2014. The diabetes alliance between Bristol-Myers Squibb (NYSE: BMY ) and AstraZeneca (NYSE: AZN ) , which has now been bought outright by AstraZeneca for around $4 billion, has received approval for two drugs in 2014: Farxiga in the U.S. and combination drug Xigduo in the European Union.
- [By James Brumley]
Conversely, though BMY has no apparent plans to shed its slumping Plavix or Abilify franchises, the company isn’t devoting a great deal of time or resources to develop replacements…. perhaps because the heir-apparent to Plavix, Eliquis, has been a very slow starter. In fact, Bristol-Myers Squibb is looking to shed many of its non-cancer and non-immunotherapy projects to better focus on those two areas. Case in point: Despite decent revenue growth from its diabetes portfolio in Q4, the company will be selling all four of its diabetes drugs to AstraZeneca (AZN) later in the year.