Stocks closed slightly higher Monday as investors look ahead to new Federal Reserve chief Janet Yellen’s appearance Tuesday before Congress.
The gains extended the stock rally started at the end of last week to a third day.
According to preliminary calculations, the Dow Jones industrial average rose 8 points, or 0.05%, to 15,802. The Standard & Poor’s 500 gained 3 points, or 0.2%, to 1,800 and the Nasdaq composite rose 22 points, or 0.5%, to 4,148.
Investors are watching for Yellen’s appearance before Congress for signs of whether the Fed might alter its plans to wind down its stimulus. The Fed has been buying $85 billion worth of bonds every month in an effort to stimulate the economy by pushing down commercial lending rates. The Fed said in December it will reduce that by $10 billion each month.
Hot Asian Stocks To Watch Right Now: CVR Partners LP(UAN)
CVR Partners, LP engages in the production of nitrogen fertilizers including ammonia and urea ammonium nitrate. The company was incorporated in 2007 and is based in Sugar Land, Texas. CVR Partners, LP operates as a subsidiary of CVR Energy, Inc.
- [By Susan J. Aluise]
CVI is structured into two Managed Limited Partnerships (MLPs): CVR Refining (CVRR) and the nitrogen fertilizer unit CVR Partners (UAN). CVR Energy owns 71% of CVR Refining and 53% of CVR Partners. This is an interesting play in the energy sector, given UAN’s lower cost of ammonia and urea ammonium nitrate and CVRR’s edge as an MLP refiner.
- [By Robert Rapier]
4. CVR Partners
CVR Partners (NYSE: UAN) is a fertilizer MLP that suffered from the same declining margins and weak fertilizer prices that hurt Rentech Nitrogen Partners. The partnership’s price declined 36 percent in 2013. The annualized yield based on the past four quarters of distributions is 11.7 percent, but that is expected to decline when the next distribution is announced.
5. Terra Nitrogen Company
Hot Asian Stocks To Watch Right Now: Stanley Furniture Company Inc.(STLY)
Stanley Furniture Company, Inc., together with its subsidiaries, designs, manufactures, and imports wood furniture products for the residential market. It offers a line of adult furniture products comprising dining, bedroom, home office, home entertainment, and accent items under the Stanley Furniture brand name; and children?s furniture product line under the brand name of Young America. The company provides its products under various design categories, including traditional, continental, contemporary, transitional, and cottage designs. Stanley Furniture Company, Inc. sells its furniture products through independent sales representatives to independent furniture stores, interior designers, smaller specialty retailers, regional furniture chains, buying clubs, and e-tailers in the United States. Stanley Furniture Company, Inc. was founded in 1924 and is based in High Point, North Carolina.
- [By Anna Prior]
Stanley Furniture Co.(STLY) said it will close a North Carolina factory that manufactures its Young America brand, shifting operations to its growing Stanley line. The move will delay the company’s first-quarter report until after the market closes on April 30 as the company evaluates restructuring charges. Shares dropped 4.8% to $2.60 premarket.
- [By Monica Gerson]
Stanley Furniture Co (NASDAQ: STLY) is estimated to post a Q3 loss at $0.11 per share on revenue of $25.32 million.
Posted-In: Earnings scheduleEarnings News Pre-Market Outlook Markets
- [By Laura Brodbeck]
Earnings Releases Expected: Citigroup Inc. (NYSE: C), Stanley Furniture Company, Inc. (NASDAQ: STLY), Wintrust Financial Corporation (NASDAQ: WTFC) Economic Releases Expected: Swiss PPI, eurozone industrial production
Hot Asian Stocks To Watch Right Now: Stein Mart Inc.(SMRT)
Stein Mart, Inc. operates retail stores that offer fashion merchandise for women and men in the United States. The company?s stores provide fashion apparel, accessories, shoes, and home fashions. As of April 19, 2011, it operated a chain of 263 retail stores. The company was founded in 1908 and is headquartered in Jacksonville, Florida.
- [By Marc Bastow]
National retail chain Stein Mart (SMRT) raised its quarterly dividend 50% to 7.5 cents per share payable July 18 to shareholders of record July 3.
SMRT Dividend Yield: 2.3%
- [By Reuters]
Joshua Lott/Getty Images NEW YORK — Several major U.S. retailers posted disappointing sales for November after cautious shoppers pinched their pennies at the start of a shorter holiday season. Some of the companies that reported sales gains ramped up bargains to bring in shoppers who appeared hesitant to splurge. Costco Wholesale (COST) said Thursday that sales at stores open at least a year rose 2 percent, below the 3.3 percent increase analysts were looking for, according to Thomson Reuters. The warehouse club chain said consumer electronics sales fell. Same-store sales at L Brands (LTD), owner of the Victoria’s Secret lingerie chain, also came in below expectations. Its drop of 5.5 percent was far deeper than the 1.1 percent decline analysts were projecting. Wall Street analysts are expecting 11 top retailers to report a 2.7 percent increase in same-store sales for November, according to Thomson Reuters. Excluding drugstore operators, which get two-thirds of revenue from prescriptions, that gain is estimated at 2.3 percent. Gap (GPS) will report its November sales after U.S. markets close. Retailers have been contending with low consumer confidence and the need to prod shoppers with bargains this holiday season, which has six fewer days because of a late Thanksgiving. The National Retail Federation on Sunday said U.S. shoppers had spent 2.9 percent less this year over the Thanksgiving weekend, the kickoff to the holiday season. The Conference Board, an industry group, said last week that U.S. consumer confidence fell in November after a sharp drop in October as Americans worried about their future jobs and earnings prospects. Earlier this week, J.C. Penney (JCP) reported a 10.1 percent comparable sales increase, partially reversing a disastrous decline in 2012, but the department store chain had to resort to aggressive bargains. The “environment will remain as competitive” through the holiday season, Chief Executive Officer Myron Ullman said. I
Hot Asian Stocks To Watch Right Now: bebe stores inc.(BEBE)
bebe stores, inc. engages in the design, development, and production of women?s apparel and accessories. Its products include a range of separates, tops, dresses, active wear, and accessories in career, evening, casual, and active lifestyle categories. The company markets its products under the bebe, BEBE SPORT, bbsp, and 2b bebe brand names targeting 21 to 34-year-old woman. As of July 2, 2011, it operated 252 retail stores, and an online store at bebe.com in the United States, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Japan, and Canada, as well as 60 international licensee operated stores in south east Asia, the United Arab Emirates, Israel, Russia, Mexico, and Turkey. The company was founded in 1976 and is headquartered in Brisbane, California.
- [By Monica Gerson]
Bebe Stores (NASDAQ: BEBE) shares declined 10.40% to $5.77 after the company reported a 5.7% drop in its Q3 same-store sales and issued a downbeat Q3 outlook.
- [By Rich Smith]
This series, brought to you by Yahoo! Finance, looks at which upgrades and downgrades make sense and which ones investors should act on. Today, our headlines include upgrades for both industrialist Aixtron (NASDAQ: AIXG ) and fashionista bebe stores (NASDAQ: BEBE ) . But the news isn’t all good, so let’s start off with a few words on…
Hot Asian Stocks To Watch Right Now: Fidus Investment Corp (FDUS)
Fidus Investment Corporation, incorporated on February 14, 2011, provides customized mezzanine debt and equity financing solutions to lower middle-market companies. The Company’s investment objective is to provide attractive risk-adjusted returns by generating both current income from its debt investments and capital appreciation from its equity related investments.
The Company seeks to maintain a diversified portfolio of investments in order to help mitigate the potential effects of adverse economic events related to particular companies, regions or industries. The Company’s investment advisor is Fidus Capital, LLC.
- [By BDC Buzz]
Fidus Investment (FDUS) is one of the newer business development companies (“BDCs”) but its stock performance has been strong with a steady climb to higher than average multiples. This is most likely due to its higher than average ‘total return’ of around 16%. Last quarter FDUS grew its net asset value (“NAV”) per share more than any of the other 25 BDCs that I follow and announced a special dividend on top of its regular dividends which is currently yielding around 8%. The company announced that it received approval for a second SBIC license giving it access to cheap long-term growth capital to grow the portfolio and dividends. FDUS also reported realized gains in Q3 from exited investments that could provide for some large upcoming special dividends. I believe that investors should look beyond the current lower than average dividend yield and higher than average pricing multiples, and consider the potential total return for FDUS over the coming quarters. I will also addr ess my key concerns for the company and some things to watch for through the end of the year.
Hot Asian Stocks To Watch Right Now: Consumer Staples Select Sector SPDR (XLP)
Consumer Staples Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond to the price and yield performance of the Consumer Staples Select Sector of the S&P 500 Index (the Index). The Index includes companies that are primarily involved in the development and production of consumer products that cover food and drug retailing, beverages, food products, tobacco, household products and personal products.
The Fund utilizes a passive or indexing investment approach to invest in a portfolio of stocks that seek to replicate the Index. The Fund’s investment advisor is SSgA Funds Management, Inc.
- [By Ben Levisohn]
The exception to the strong defensive performance: consumer staples. The Consumer Staples Select Sector SPDR (XLP) has dropped 2.9% this year, making it the worst-performing sector in the S&P 500. Barclays’ Barry Knappexplains what’s gone wrong:
- [By Jon C. Ogg]
4. Cyclical stocks outperform defensive stocks – This puts consumer discretionary, energy, financials, industrials, technology and materials all doing better than consumer staples, healthcare, telecom, and utilities. Doll also prefers a free cash flow yield to dividend yield and dividend growth over dividend yield.
ETF Recommendation(s): Financial Select Sector SPDR (NYSEArca: XLF), Technology Select Sector SPDR (NYSEArca: XLK), Market Vectors Oil Services ETF (NYSEArca: OIH)… Avoid Consumer Staples Select Sector SPDR (NYSEArca: XLP) and Utilities Select Sector SPDR (NYSEArca: XLU).
5. Dividends, stock buy-backs, capex, and M&A all increase at a double-digit rate – This is led by a lot of cash flow, underleveraged balance sheets, and possible great places to use cash. The argument for higher cap-ex is as follows: “Pent-up demand and aging of plant, equipment and technology argue for increases in those key areas.”
- [By Tom Aspray]
One of the 3rd quarter’s weakest performers, the Select Sector SPDR Consumer Staples (XLP) has done the best in October as it shows a gain of 7.5% through October 30. The Select Sector SPDR Materials (XLB) was lagging the S&P 500 in the first half of the year, with its small gain of just 2.1%, but rebounded nicely in the 3rd quarter as it was up 9.5%.
Hot Asian Stocks To Watch Right Now: Oncothyreon Inc .(ONTY)
Oncothyreon Inc., a clinical-stage biopharmaceutical company, focuses on the development of therapeutic products for the treatment of cancer. Its primary product candidate, Stimuvax is in two phase III clinical trials for the treatment of non-small cell lung cancer. The company is also developing PX-866, a small molecule that is in phase II trials for various cancer indications. In addition, it engages in the preclinical development of ONT-10, a cancer vaccine; and ONT-701, a pan-inhibitor of the B-cell lymphoma-2 family of anti-apoptotic proteins. The company operates primarily in the United States and Canada. Oncothyreon Inc. was founded in 1985 and is headquartered in Seattle, Washington.
- [By James E. Brumley]
On paper, Oncothyreon Inc. (NASDAQ:ONTY) doesn’t look like a particularly compelling investment. The pre-revenue biotech company is poised to keep booking sizable losses as it continues to work on its lung cancer drug tecemotide (formerly Stimuvax), which has rejected by the FDA last year but is still being reworked for a slightly different illness than was being targeted initially. And, with no other Phase 3 drug in its pipeline, traders may be rightfully wondering if there’s any real catalyst for ONTY in the foreseeable future.
- [By Lauren Pollock]
Among the companies with shares expected to actively trade in Wednesday’s session are Mako Surgical Corp.(MAKO), Ascena Retail Group Inc.(ASNA) and Oncothyreon Inc.(ONTY)
- [By EP Vantage]
Although the subgroup on which this decision is based was large, many will still consider this a risky basis for further study. Some investors thought it was a risk worth taking: shares in Oncothyreon (ONTY), which licensed the drug to Merck and saw its valuation more than halve on news of the Start failure, were trading 22% higher this morning at $2.19; Merck KGaA stock was little changed. But, in the meantime, tecemotide will struggle to shake off the stain of past failure.
- [By António Costa]
Oncothyreon Inc (NASDAQ: ONTY) is firming just above key support at $1.78 and a triangle has taken shape over the last few weeks. The stock is starting to show signs of accumulation with high upside days and low downside days. This stock is poised for a move and I suspect that it will explode to the upside. In addition, Inside trading has been very active over the last month. They are buying now after pausing years.
Hot Asian Stocks To Watch Right Now: PPJ Enterprise (PPJE)
PPJ Enterprise, Inc. (PPJ), incorporated on May 02, 2000, is a healthcare finance company. The Company is engaged in automated healthcare reimbursement cycle software, online health information digital-systems software and practice information management digital-system software. The Company’s flagship product is its medical billing software system. The Company has developed through its subsidiary Automated Software Corp., a medical billing software system named AutoMed.
The Company’s principal activity is serving as a medical reimbursement consulting firm. The Company’s medical billing system is comprised of both hardware and software. The system uses Optical Character Recognition (OCR)/ Initial Margin Requirement (IMR) scanning technology to allow physicians to bill their medical insurance claims at the point of service without data entry, coding or billing personnel. The Company offers the Automated Biller on a customized basis for medical practices th roughout the United States.
- [By Peter Graham]
While small cap green or renewable energy type of stocks have been the flavor of the month for many stock promoters (and sometimes still are), small cap health care stocks like PPJ Enterprise (OTCMKTS: PPJE), Plantation Development Corp (OTCMKTS: BRMA) and MedCAREERS Group Inc (OTCMKTS: MCGI) have also started to get some notice lately – perhaps because Obamacare has been topping the news lately. However, are these small cap health care stocks a better bet for investors or for their promoters? Here is a quick reality check and a checkup:
Hot Asian Stocks To Watch Right Now: Analogic Corp (ALOG)
Analogic Corporation (Analogic), incorporated in November 27, 1967, is a technology company that designs and manufactures advanced medical imaging and security systems and subsystems sold to Original Equipment Manufacturers (OEMs) and end users primarily in the healthcare and airport security markets. Analogic operate primarily three segments: Medical Imaging, Ultrasound, and Security Technology. Medical Imaging, which primarily includes systems and subsystems for computed tomography (CT) and magnetic resonance imaging (MRI) medical imaging equipment, Selenium-based detectors for screening and diagnostic applications in mammography. Ultrasound, which designs, manufactures, and distributes ultrasound systems and transducers primarily in the urology, surgery, robotic assisted surgery, anesthesia, and general imaging markets. Security Technology, which includes advanced threat detecting CT systems. In March 2013, it completed the acquisition of Ultrasonix Medical Corporation. In September 2013, the Company announced that it has acquired the remaining ownership stake in PocketSonics, Inc.
During the fiscal year ended July 31, 2012 (fiscal 2012), the Company’s medical imaging segment, which accounted for approximately 59% of its net revenue, which consists primarily of electronic systems and subsystems for medical imaging, sold globally to OEM producers of CT, MRI, and digital mammography systems. Products under this consist of: X-Ray Detectors, which converts the x-ray energy in a CT machine to useful analog signals for processing in the DAS.
DAS, which are used to process the signals created by the detectors and feed them as a digital stream to a reconstruction computer to create high resolution images. The DAS is designed with many multi-channel circuit boards that process the analog signals from the detectors and convert them into digital signals through an array of analog to digital.< /p>
converters. DMS, which the brains of the CT sys! tem and consists of both the detector array and the DAS in one package. This system provides its OEM customers a level of integration that allows for lower cost and faster time to market. Integrated Gantries, which is a component of the CT system (detectors, DAS, x-ray tube and power supplies), are mounted on a rotating ring assembly called a gantry. It provides integrated gantries to its OEM customers as another level of integration.
For OEM producers of MRI equipment, it also supplies two key components: gradient amplifiers and radio frequency, or RF, amplifiers. It has developed a range of amplifier solutions for its customers ranging from low-magnetic-field systems (< 0.3 Tesla) to ultra high-field systems (> 7.0 Tesla) used in academic research hospitals.
Gradient Amplifier, which is a power systems used to drive a set of coils located inside the MRI system and around the patient. The coils energize the atomic structure of patients’ anatomy in order to develop tissue and structure images. Gradient amplifiers must be specifically designed for different MRI field strengths ranging from 0.3 Tesla to >7.0 Tesla. RF Amplifiers, which is a power systems used to control another set of the coils within the MRI system that are used to read-back the signals from the anatomy generated by the gradient coils. These signals are then processed in a reconstruction computer to create images. The RF amplifiers must have a high signal-to-noise ratio to produce the cleanest images.
The Company’s digital mammography products consist primarily of digital mammography selenium-based x-ray detector plates, sold directly to OEM customers for screening and diagnostic applications in mammography. These x-ray detector plates are used by OEMs in mammography systems to convert x-ray signals into high resolution two-dimensional (2-D) and three-dimensional (3-D) images of breast tissue to aid in the detection of breast cancer. Its detector plates for mammography applications are sold to! medical ! OEMs for use in products worldwide. Its mammography product portfolio consists of: LMAM, which is its large area detector plate, based on selenium technology, is used primarily for European markets and was recently introduced in the United States market. This detector plate is also compatible with systems that can perform tomosynthesis, which creates 3-D images through a series of exposures to more accurately detect lesions in the breast. SMAM, which is its small area detector plate uses the same selenium-based technology as the LMAM detector and is manufactured primarily for the Asian markets. Within its medical imaging segment, it also designs and manufactures precision motion control systems, which it supplies to OEM customers for use in computer-controlled automation systems primarily in the semiconductor and medical markets.
The Company’s ultrasound segment designs and manufactures procedure-driven ultrasound systems and transduc ers, principally under the B-K Medical brand. These products are primarily for end-user markets in urology and surgery and accounted for approximately 29% of its net revenue in fiscal year 2012. Its ultrasound systems use acoustic waves to generate real-time images of the body’s internal anatomy that are used for interventional and medical diagnostic procedures. These ultrasound systems are also used for guiding robotic assisted surgical procedures and for guiding prostate cancer treatment employing a procedure called brachytherapy. It also manufactures and sells advanced ultrasound probes and transducers to medical OEMs.
Utilizing the Company’s CT technology, its Security Technology segment designs and manufactures airport security systems and subsystems primarily for checked bag applications and accounted for approximately 12% of its net revenue in fiscal year 2012. These systems generate 3-D images of objects contained w ithin baggage and provide threat analysis of materials conta! ined with! in the bags. The Company sells the checked baggage systems through L-3 Communications Corporation (L-3): eXaminer XLB (High Speed), eXaminer 3DX (Medium Speed) and eXaminer SX (Reduced Size).
The Company competes with General Electric Corporation (GE) and Koninklijke Philips Electronics N.V. (Philips), Hitachi Medical Corporation, Fujifilm, Morpho Detection and Science Applications International Corp. (SAIC).
- [By Jake L’Ecuyer]
Equities Trading DOWN
Shares of Analogic (NASDAQ: ALOG) were down 16.00 percent to $80.11 after the company reported downbeat Q2 earnings. CJS Securities downgraded the stock from Market Outperform to Market Perform and cut the price target from $97.00 to $90.00.
- [By Jake L’Ecuyer]
Equities Trading DOWN
Shares of Analogic (NASDAQ: ALOG) were down 16.66 percent to $80.47 after the company reported downbeat Q2 earnings. CJS Securities downgraded the stock from Market Outperform to Market Perform and cut the price target from $97.00 to $90.00.
- [By John Kell and Lauren Pollock var popups = dojo.query(“.socialByline .popC”); ]
Among the companies with shares expected to actively trade in Friday’s session are Big Lots Inc.(BIG), Foot Locker Inc.(FL) and Analogic Corp.(ALOG)
- [By Wallace Witkowski]
Shares of Analogic Corp. (ALOG) fell 12% to $85 on light volume after the electronics-component maker reported fiscal second-quarter earnings of $1.17 a share on revenue of $141.4 million and forecast flat revenue for the year because of headwinds. Analysts expected $1.20 a share on revenue of $151.7 million, along with a 7% revenue growth for the year.