This earnings season, so far, has had its share of disappointing beats and surprises, however, MoneyShow’s Jim Jubak thinks these key factors make the season even more disappointing.
So far, in absolute numbers, this earnings season could be called somewhat disappointing. About 50% of the 10% of Standard & Poor’s 500 (SPX) companies that have reported earnings, have beaten Wall Street estimates. That’s below the long-term average of 63% and well below the four-year average of 74%.
But I think the earnings season, so far, is actually more disappointing than that absolute underperformance suggests. Too many of the earnings beats are by just a penny, or so, and too many earnings surprises are coupled with misses on revenue. Others combine an earnings beat with a cut to guidance for the first quarter, or all of 2014. And other companies are managing to report an earnings beat only thanks to a clearly one-time factor, or a bit of financial engineering using, frequently, share buybacks
Best Penny Stocks To Invest In Right Now: Safe Bulkers Inc(SB)
Safe Bulkers, Inc. provides marine drybulk transportation services worldwide. The company transports various bulk cargoes, primarily coal, grain, and iron ore. As of July 15, 2011, it had a fleet of 16 drybulk vessels, with an aggregate carrying capacity of 1,443,800 deadweight tons. The company?s fleet consists of Panamax, Kamsarmax, Post-Panamax, and Capesize class vessels, as well as 11 further contracted additional drybulk new build vessels to be delivered at various times through 2014. Safe Bulkers, Inc. was incorporated in 2007 and is based in Athens, Greece.
- [By Bryan Murphy]
If you’re reading this, then odds are you already know shipping stocks like Diana Shipping Inc. (NYSE:DSX), Safe Bulkers, Inc. (NYSE:SB), and Navios Maritime Partners L.P. (NYSE:NMM) are all up big-time today, and up nicely for the week, for that matter. SB is up 11% for the day, NMM is up 6% for the week, while DSX is higher by 8% for the session, snapping a surprisingly-long weak streak.
- [By James E. Brumley]
The recent strength from Sino-Global Shipping America, Ltd. (NASDAQ:SINO) and the now-renewed strength from Safe Bulkers, Inc. (NYSE:SB) would suggest those two stocks are among the very best ways to play the rebound currently unfurling in the shipping sector. And to be fair, both are fine companies in their own right. The top play in the dry goods maritime shipping arena, however, may well be Diana Shipping Inc. (NYSE:DSX). No, DSX isn’t one of the fun and exciting small caps in the maritime shipping space. But, there’s a lot to be said for size and stability, which SB and SINO can’t offer.
Best Penny Stocks To Invest In Right Now: Comtech Telecommunications Corp.(CMTL)
Comtech Telecommunications Corp. engages in the design, development, production, and marketing of products, systems, and services for advanced communications solutions in the United States and internationally. It operates in three segments: Telecommunications Transmission, Mobile Data Communications, and RF Microwave Amplifiers. The Telecommunications Transmission segment provides satellite earth station equipment and systems, over-the-horizon microwave systems, and forward error correction technology, which are used in various commercial and government applications, including backhaul of wireless and cellular traffic, broadcasting (including HDTV), IP-based communications traffic, long distance telephony, and secure defense applications. The Mobile Data Communications segment provides mobile satellite transceivers, and computers and satellite earth station network gateways and associated installation, training, and maintenance services; supplies and operates satellite pac ket data networks, including arranging and providing satellite capacity; and offers microsatellites and related components. The RF Microwave Amplifiers segment designs, develops, manufactures, and markets satellite earth station traveling wave tube amplifiers (TWTA) and broadband amplifiers. Its amplifiers are used in broadcast and broadband satellite communication; defense applications, such as telecommunications systems and electronic warfare systems; and commercial applications comprising oncology treatment systems, as well as to amplify signals carrying voice, video, or data for air-to-satellite-to-ground communications. The company serves satellite systems integrators, wireless and other communication service providers, broadcasters, defense contractors, military, governments, and oil companies. Comtech markets its products through independent representatives and value-added resellers. The company was founded in 1967 and is headquartered in Melville, New York.
- [By Dividends4Life]
Comtech Telecommunications Corp. (CMTL) designs, develops, produces, and markets products, systems, and services for communications solutions. December 9th the company increased its quarterly dividend 9.1% to $0.30 per share. The dividend is payable February 19, 2014, to stockholders of record on January 17, 2014. The yield based on the new payout is 3.6%.
- [By Marc Bastow]
Advanced communications systems provider Comtech Telecomm (CMTL) raised its quarterly dividend 9.1% to 30 cents per share, payable on Feb. 19 to shareholders of record as of Jan. 17.
CMTL Dividend Yield: 3.75%
- [By Wallace Witkowski]
Shares of Comtech Telecommunications Corp. (CMTL) rose 6.2% to $33.24 on moderate volume after the company beat Wall Street estimates for the fiscal first quarter and raised its guidance.
Best Penny Stocks To Invest In Right Now: Helios Advantage Income Fund Inc. (HAV)
Helios Advantage Income Fund, Inc. is a close ended fixed income mutual fund launched and managed by Brookfield Investment Management Inc. The fund invests in the fixed income markets of the United States. It invests a majority of its assets in below investment grade debt securities, which are bonds rated Ba1 or lower by Moody’s Investors Service, Inc., BB+ or lower by Standard & Poor’s Ratings Group. The fund benchmarks the performance of its portfolio against the Barclays Capital U.S. Corporate High Yield Index and the Barclays Capital Ba U.S. High Yield Index. It was formerly known as RMK Advantage Income Fund, Inc. Helios Advantage Income Fund, Inc. was formed on November 8, 2004 and is domiciled in the United States.
- [By Tom Stoukas]
Havas SA (HAV) surged 6 percent to 5.82 euros, its largest rally in 14 months. The French advertising company reported first-half profit of 58 million euros ($77 million), beating the average analyst estimate of 55.9 million euros.
- [By Namitha Jagadeesh]
Havas SA (HAV) lost 1.6 percent to 5.78 euros. Barclays Plc downgraded the French advertising company to equal weight, similar to neutral, from overweight, citing the need to “pause for breath” after its strong performance over the past three months. Havas climbed 28 percent from a June 24 low through yesterday’s close.
Best Penny Stocks To Invest In Right Now: Tutor Perini Corporation(TPC)
Tutor Perini Corporation, together with its subsidiaries, provides diversified general contracting, construction management, and design-build services to private clients and public agencies worldwide. It operates in three segments: Civil, Building, and Management Services. The Civil segment involves in public works construction, and the repair, replacement, and reconstruction of infrastructure. This segment?s civil contracting services include construction and rehabilitation of highways, bridges, mass transit systems, and wastewater treatment facilities. The Building segment provides services to various specialized building markets for private and public works clients, such as the hospitality and gaming, transportation, healthcare, municipal offices, sports and entertainment, education, correctional facilities, biotech, pharmaceutical, industrial and high-tech markets, electrical and mechanical, plumbing, and HVAC services. The Management Services Segment offers diversifie d construction and design-build services to the United States military and government agencies, surety companies, and multi-national corporations in the United States and internationally. This segment also provides rapid response and contract completion services; and management or general contracting services to fulfill the contractual and financial obligations of the surety on notification from the surety of a contractor bond default. The company was founded in 1894 and is headquartered in Sylmar, California.
- [By Rich Smith]
On Wednesday, civil engineering firm Tutor Perini Corp. (NYSE: TPC ) said the California High-Speed Rail Authority has identified its $985 million bid to design the initial Madera-to-Fresno segment of California’s high-speed railway as the “apparent best value” of all bids received.
- [By Rich Smith]
Following up on the news that it’s the likely winner of a $985 million contract to design the Madera-to-Fresno segment of California’s new high-speed railway, civil engineering firm Tutor Perini (NYSE: TPC ) announced Tuesday that it’s scored a second major contract win.
- [By Ben Levisohn]
Shares of Harsco have gained 4.7% to $26.43 today at 1:16 p.m., outpacing other construction & engineering companies. Dycom (DY) has advanced 0.5% to $30, KBR Inc. (KBR) has ticked up 0.1% to $33.03, Worthington Industries (WOR) has risen 2.8% to $38.85 and Tutor Perini (TPC) has rallied 3.6% to $22.46.
- [By Travis Hoium]
What: Shares of construction company Tutor Perini (NYSE: TPC ) jumped 12% today after the company released earnings.
So what: First quarter revenue was up 9%, to $992.9 million, and earnings nearly quadrupled, to $0.31 per share. Wall Street expected revenue to be $983.2 million and earnings of just $0.24, so investors were pleasantly surprised by the results.
Best Penny Stocks To Invest In Right Now: Books-A-Million Inc.(BAMM)
Books-A-Million, Inc. operates as a book retailer in the southeastern United States. The company operates superstores and traditional bookstores that offer a selection of hardcover and paperback books, magazines, and newspapers. It also offers other merchandise, including gifts, cards, collectibles, magazines, music, DVDs, and electronic accessories, as well as coffee, tea, and other edible products. The company markets its products under the trademarks of Books-A-Million, BAM! Books-A-Million, Bookland, Books & Co., Millionaire?s Club, Sweet Water Press, Thanks-A-Million, Big Fat Coloring Book, Up All Night Reader, Read & Save Rebate, Readables Accessories for Readers, Kids-A-Million, Teachers First, The Write-Price, Bambeanos, Hold That Thought, Book$mart, BAMM, BAMM.com, BOOKSAMILLION.com, Chillatte, Joe Muggs Newsstand, Page Pets, JOEMUGGS.com, FAITHPOINT.com, Faithmark, Joe Muggs, Anderson?s Bookland, Snow Joe, Summer Says, On the John University, OTJU, American Whole sale Book Company, AWBC, and NetCentral. It also offers its products over the Internet at Booksamillion.com. As of August 11, 2011, the company operated 231 stores in 23 states and the District of Columbia. Books-A-Million, Inc. was founded in 1917 and is based in Birmingham, Alabama.
- [By John Udovich]
Vitamin Shoppe Inc (NYSE: VSI), Books-A-Million, Inc (NASDAQ: BAMM) and Perfumania Holdings, Inc (NASDAQ: PERF) have the dubious distinction of being the worst performing small cap specialty retail stocks for this year (according to Finviz.com) with losses of 4.85% and 3% and a gain of 0.61%, respectively, since the start of the year (See my previous article: This Year’s Best Performing Small Cap Specialty Retail Stocks? UNTD, TA & HZO). I should mention that the definition of specialty retail stocks might vary from one stock screener to another, but what’s clear is that these three small cap retail stocks have been heading in the wrong direction for investors for much of this year. With that in mind, what sort of performance should investors expect from these small cap specialty retail stocks on Black Friday and for the all important holiday season? Here is what you need to be aware of:
Best Penny Stocks To Invest In Right Now: PMC – Sierra Inc.(PMCS)
PMC-Sierra, Inc. engages in the design, development, marketing, and support of semiconductor solutions for the enterprise infrastructure and communications infrastructure markets. Its products include controllers based on Fibre Channel, Serial Attached SCSI, and Serial ATA that enable the development of external and server-attached storage systems; framers and mappers, which convert the data into a format for transmission in the network before the data is sent to the next destination; line interface units that transmit and receive signals over a physical medium, such as wire, cable, or fiber; and microprocessor-based system-on-chips, which perform the high-speed computations that help in identifying and controlling the flow of signals and data in various network equipment used in the communications, storage, and enterprise markets. The company also offers packet and cell processors that examine the contents of cells or packets, and perform various management and reporting functions; radio frequency transceivers, which transmit and receive broadband signals over the air; and serializers/deserializers that convert and multiplex traffic between slower speed parallel streams and higher speed serial streams. PMC-Sierra sells its products to end customers directly, as well as through distributors and independent manufacturers? representatives primarily in China, Asia, Japan, Taiwan, Europe, the United States, and the Middle East. The company was founded in 1983 and is based in Santa Clara, California.
- [By CRWE]
PMC (Nasdaq:PMCS), the semiconductor innovator transforming networks that connect, move and store big data, reported that the Company will present at the Citi 2012 Technology Conference on September 5, 2012, in New York, NY.
Best Penny Stocks To Invest In Right Now: Atwood Oceanics Inc. (ATW)
Atwood Oceanics, Inc., together with its subsidiaries, engages in offshore drilling, and the completion of exploratory and developmental oil and gas wells. The company owns semisubmersible rigs, semisubmersible tender assist rigs, jack-up drilling rigs, and submersible drilling rigs. As of November 22, 2010, it operated nine mobile offshore drilling units located in offshore southeast Asia, offshore Africa, offshore Australia, offshore South America, and the Mediterranean Sea. The company was founded in 1968 and is headquartered in Houston, Texas.
- [By Ben Levisohn]
See, the offshore drillers have been reporting earnings results, and really, they haven’t been that bad. Diamond Offshore beat by 15 cents yesterday, Atwood Oceanics (ATW) beat by 12 cents this week, and in January Noble (NE) reported results in line with analyst forecasts.
- [By Ben Levisohn]
Diamond Offshore had dropped 18% this year through yesterday’s close, while Transocean (RIG) had fallen 15%, Noble (NE) had declined 17%, Seadrill (SDRL) had dropped 12% and Atwood Oceanics (ATW), which reported earnings yesterday, had fallen 13%. But all the bearishness has been forgotten, what with the S&P 500 up more than 1% and Diamond Offshore trouncing analyst forecasts.
- [By Ben Levisohn]
There’s been a lot of bearish talk about offshore drillers recently–and Atwood Oceanics (ATW) earnings results aren’t likely to dispel those concerns, despite an earnings beat.
- [By Ben Levisohn]
Last week, Barclays issued a very bearish report on offshore drillers, including Transocean (RIG), Seadrill (SDRL) and Atwood Oceanics (ATW). This week, Raymond James added its voice to the growing chorus of naysayers.
Best Penny Stocks To Invest In Right Now: New York Mortgage Trust Inc.(NYMT)
New York Mortgage Trust, Inc., together with its subsidiaries, operates as a real estate investment trust (REIT) in the United States. The company engages in acquiring, investing, financing, and managing mortgage-related assets. It primarily invests in agency residential adjustable-rate, hybrid adjustable-rate, and fixed-rate mortgage-backed securities (RMBS); non-Agency RMBS; prime adjustable-rate residential mortgage loans held in securitization trusts; commercial mortgage-backed securities; commercial mortgage loans; and other commercial real estate-related debt investments. The company has elected to be taxed as a REIT and will not be subject to federal income tax if it distributes at least 90% of its REIT taxable income to its stockholders. New York Mortgage Trust, Inc. was founded in 1989 and is headquartered in New York, New York.
- [By Eric Volkman]
Investors are being rewarded for putting their trust in New York Mortgage Trust (NASDAQ: NYMT ) . The REIT has declared a common stock dividend for its current quarter of $0.27 per share, to be paid on July 25 to shareholders of record as of June 28. That amount matches each of the company’s preceding four distributions, the most recent of which was doled out at the end of April. Before that, it paid $0.25 per share.
- [By Amanda Alix]
More mREITs stay the course, but two trim payouts
Despite suffering many tumbles and bruises, several mREITs have announced that their dividends will be unchanged from the previous quarter. Several did so last week, and yesterday saw Hatteras Financial (NYSE: HTS ) , an agency-only trust, keeping its own $0.70 per share payout the same. Hybrid New York Mortgage Trust (NASDAQ: NYMT ) also kept its dividend stable, at $0.27 per share, in line with its four most recent distributions.
Best Penny Stocks To Invest In Right Now: Jinpan International Limited(JST)
Jinpan International Limited engages in the design and manufacture of cast resin transformers for voltage distribution equipment. Its cast resin transformers allow high voltage transmissions of electricity to be distributed to various locations in lower, more usable voltages. The company provides medium voltage cast resin transformers for various end uses and applications, including industrial, infrastructure, and municipal projects, such as factories, real estate developments, airports, and subway systems. It also offers switchgears, which enable operators of a power distribution network to switch equipment in and out of the network; line reactors that limit current, filter waveforms, and attenuate electrical noise and harmonics associated with the inverter and driver output of wind powered turbines; and unit substations, which are integrated assemblies comprising high voltage switchgear, a transformer, a low voltage switchgear, a power meter, and a power factor compensat ion device interconnected with cables or buss bars. The company?s unit substations function as miniature power distribution stations and are used in applications related to the construction and maintenance of city power networks. Jinpan International sells its products in the People?s Republic of China, the United States, and Europe. The company was founded in 1993 and is headquartered in Haikou, the People’s Republic of China.
- [By CRWE]
Jinpan International Ltd (Nasdaq:JST), a leading designer, manufacturer, and distributor of cast resin dry type transformers, recently reported that its subsidiary Hainan Jinpan Electric Co. Ltd. successfully developed a 40,000KVA / 35KV cast resin dry type power transformer. The Company has shipped the transformer to the customer’s site in China’s Anhui province for installation in a transformer substation that will deliver power to gas liquification systems.
Best Penny Stocks To Invest In Right Now: Mad Catz Interactive Inc(MCZ)
Mad Catz Interactive, Inc. designs, manufactures, markets, sells, and distributes accessories for videogame platforms and personal computers (PC), as well as for iPod and other audio devices. Its products include videogame, PC, and audio accessories, such as control pads, video cables, steering wheels, joysticks, memory cards, light guns, flight sticks, dance pads, microphones, car adapters, carry cases, mice, keyboards, and headsets. It markets its products primarily under the Mad Catz, Saitek, Cyborg, Eclipse, Joytech, GameShark, Tritton, and AirDrives brands. The company also develops flight simulation software; operates flight simulation centers under its Saitek brand; operates a videogame content Website under its GameShark brand; publishes games under its Mad Catz brand; and distributes games and videogame products for third parties. It distributes its products through retailers in the United States, Europe, and Canada, as well as in Australia, Japan, Korea, New Zeal and, and Singapore. The company was founded in 1989 and is headquartered in San Diego, California
- [By Bryan Murphy]
If the name Mad Catz Interactive, Inc. (NYSEMKT:MCZ) rings a bell, it might be because yours truly penned some bullish thoughts on the video-gaming hardware (joysticks, control pads, headsets, etc.) back on August 20th. Neither MCZ nor my write-up were received as anything partially special at the time – it was just another stock dissected by just another guy, and you may or may not have given it a second thought. The 37% rally in the meantime, however, may garner a little more attention.