This week’s COT data shows non-commercials reducing their net long position in gold and silver, and increasing their net short position in copper; hence the red in the metals group. And non-commercials capital movement in livestock highlights the diverse price action in live cattle and lean hogs.
This RadarScreen capture shows the net change in the net non-commercial position, expressed as a percent of the total non-commercial open interest, in the Commitments of Traders (COT) data released Friday, September 13.
This indicator and more information about COT reports are available in the Analysis Concepts paper titled “Commitments of Traders: Breaking Down the Open Interest.” As detailed in the paper, the intention is to follow the money flow of large speculators: money managers, hedge funds, etc.
Hot Dow Dividend Stocks To Own For 2014: Questar Corporation(STR)
Questar Corporation operates as an integrated natural gas holding company. The company develops and produces natural gas and crude oil from its properties located in the Rocky Mountain region, primarily in the Pinedale, Moxa Arch, Vermillion, and Uinta producing areas. It also provides interstate natural gas-transportation and underground-storage services in Utah, Wyoming, and Colorado; and wellhead automation and measurement services for Rockies oil and gas producers. The company owns and operates approximately 2,568 miles of interstate pipeline with total firm-capacity commitments of 4,983 Mdth per day transporting natural gas from Rocky Mountain producing areas to other pipeline systems, distribution systems, and other utility systems; the Overthrust Pipeline in southwestern Wyoming and the eastern segment of Southern Trails Pipeline, a 487-mile line that extends from the Blanco hub in the San Juan Basin to just inside the California state line near the Arizona border; the White River Hub facilities that connect with 6 interstate-pipeline systems and a processing plant near Meeker, Colorado; the Clay Basin storage facility, an underground-storage reservoir in the Rocky Mountain region; and gathering lines and processing facilities, which provide gas-processing services for third parties near Price, Utah. In addition, it distributes natural gas as a public utility in Utah, southwestern Wyoming, and a small portion of southeastern Idaho. Questar Corporation was founded in 1922 and is headquartered in Salt Lake City, Utah.
- [By Jonas Elmerraji]
We’re seeing the exact same price setup in shares of mid-cap natural gas company Questar (STR), even if the chart looks a little different at first glance. Like REGN, Questar is currently forming a downtrending channel, but in this case, the channel is bounded to the downside by two extra support levels. Don’t expect support to provide a reprieve from selling, though the trend is clearly down from here.
STR is sitting up near trendline resistance right now, which provides an optimal time to exit a position in shares. This stock has gotten swatted down on each of the last three attempts to push through the top of the channel, and with shares slipping for a fourth time, the message is pretty clear that the trendline isn’t going to break this time around either.
Enstar is currently forming a descending triangle pattern, a bearish price setup that’s formed by a horizontal resistance level below shares and downtrending support pressing to the upside. Basically, as shares of ESGR bounce in between those two technical price levels, they’re getting squeezed closer and closer to a breakdown below support at $133. A move through that $133 price level is the signal to sell (or short) this name.
Relative strength is showing no signs of improvement in ESGR right now, which means that even after shedding almost 10% from its highs, this stock is still failing to keep up with the S&P’s performance. Keep a close eye on this name while shares remain within reach of $133.
- [By Eric Volkman]
Questar (NYSE: STR ) is opening its financial taps a little wider to return money to shareholders. The company has declared a dividend of $0.18 per share of its common stock, to be paid on June 10 to shareholders of record as of May 24. That amount is $0.01, or 6%, higher than the company’s previous payout of $0.17. This was distributed in March.
Hot Dow Dividend Stocks To Own For 2014: Iberdrola SA (IBE)
Iberdrola SA is a Spain-based company principally engaged in the energy sector. The Company’s business is structured in four segments: Network Business, including all the energy transmission and distribution activities, and any other regulated activity originated in Spain, the United Kingdom, the United States and Brazil; Deregulated Business, including electricity generation and sales businesses as well as gas trading and storage businesses carried on by the Group in Spain, Portugal, the United Kingdom and North America; Renewable: activities relating to renewable energies in Spain, the United Kingdom, the United States and the rest of the world; Other Businesses, comprising the engineering and construction businesses and the non-power businesses; and Corporation which includes the costs of the Group’s structure (Single Corporation), of the administration services of the corporate areas that are subsequently invoiced to the other companies through either specific service. Advisors’ Opinion:
- [By Sarah Jones]
Iberdrola SA (IBE), Spain’s biggest power company, fell 3.4 percent to 3.87 euros. Endesa SA (ELE) slumped 4.6 percent to 16 euros, while Acciona SA (ANA), which owns more than 4 gigawatts of wind farms in the country, tumbled 8.5 percent to 37.95 euros. Red Electrica Corp. slid 7.5 percent to 38.34 euros.
Hot Dow Dividend Stocks To Own For 2014: IXYS Corporation(IXYS)
IXYS Corporation, an integrated semiconductor company, engages in the development, manufacture, and marketing of power semiconductors, advanced mixed signal integrated circuits (ICs), application specific integrated circuits (ASICs), microcontrollers, and systems and radio frequency semiconductors. It offers power metal oxide silicon field effect transistors; insulated gate bipolar transistors; and thyristors and rectifiers, including fast recovery epitaxial diodes. The company?s power semiconductors are used primarily in controlling energy in motor drives; power conversion systems, including switch-mode and uninterruptible power supplies; medical electronics; and renewable energy sources. It also provides ICs, such as solid state relays for telecommunications applications; power management and control ICs comprising current regulators, motion controllers, digital power modulators, and drivers; microcontrollers, including embedded flash microcontrollers, core 8-bit microc ontrollers, and microprocessors; and line card access switch and data access arrangement integrated products. The company?s mixed signal ICs are used in telecommunications products, central office switching equipment, customer premises equipment, set top boxes, remote meter reading equipment, security systems, flat displays, medical electronics, and defense aerospace systems. In addition, it manufactures and sells laser diode drivers, high voltage pulse generators and modulators, high power subsystems/modules/stacks, and direct copper bond substrates. Its radio frequency power devices are used in wireless infrastructure, industrial radio frequency applications, medical systems, and defense and space electronics. It sells its products principally in the United States, Europe and the Middle East, and the Asia Pacific through direct sales personnel, independent representatives, and distributors. IXYS Corporation was founded in 1987 and is headquartered in Milpitas, California.
- [By Lisa Levin]
IXYS (NASDAQ: IXYS) surged 5.70% to $14.66. The volume of IXYS shares traded was 1097% higher than normal. IXYS’ PEG ratio is 0.55.
Posted-In: volume moversNews Intraday Update Markets Movers
Hot Dow Dividend Stocks To Own For 2014: Repros Therapeutics Inc.(RPRX)
Repros Therapeutics Inc., a development stage biopharmaceutical company, focused on the development of new drugs to treat hormonal and reproductive system disorders. It is developing Androxal, an oral therapy that normalizes testicular function for the treatment of low testosterone due to secondary hypogonadism. The company is also conducting a phase 2 study of the use of Androxal in the treatment of type 2 diabetes in hypogonadal men. In addition, it is developing Proellex, an orally administered selective blocker of the progesterone receptor in women for the treatment of uterine fibroids and endometriosis; and phentolamine-based product candidate VASOMAX for the treatment of male erectile dysfunction. The company was formerly known as Zonagen, Inc. and changed its name to Repros Therapeutics, Inc. in May 2006. Repros Therapeutics, Inc. was founded in 1987 and is based in The Woodlands, Texas.
- [By John Udovich]
On Friday, small cap pharma stock Apricus Biosciences Inc (NASDAQ: APRI) jumped just over 10% and not only did the stock hold onto those gains, it made another 10% jumps on Monday – meaning its time to take a closer look at the stock along with the performance of other potential benchmarks in the sexual health or reproductive health spaces like The Female Health Company (NASDAQ: FHCO) and Repros Therapeutics Inc (NASDAQ: RPRX).
- [By Lauren Pollock]
Repros Therapeutics Inc.(RPRX) pushed back its planned new drug application for its low-testosterone treatment, following a request from the U.S. Food and Drug Administration to discuss recent trial data. The company now expects to submit its new drug application for Androxal in the second half of next year. Shares were down 30% at $16.70 premarket.
Hot Dow Dividend Stocks To Own For 2014: Kinder Morgan Management LLC (KMR)
Kinder Morgan Management, LLC is a limited partner in Kinder Morgan Energy Partners, L.P (KMP), and manages and controls its business and affairs pursuant to a delegation of control agreement. Kinder Morgan G.P., Inc., of which Kinder Morgan, Inc. indirectly owns all of the outstanding common equity, is the general partner of Kinder Morgan Energy Partners, L.P. (KMP). Kinder Morgan G.P., Inc., pursuant to a delegation of control agreement among the Company, Kinder Morgan G.P., Inc. and KMP, has delegated to the Company, to the fullest extent permitted under Delaware law and KMP’s limited partnership agreement, all of its rights and powers to manage and control the business and affairs of KMP, subject to the general partner’s right to approve specified actions.
KPM is a pipeline limited partnerships in the United States. KMP owns an investment in or operates approximately 28,000 miles of pipelines and 180 terminals. Its pipelines transport products, such a s natural gas, crude oil, gasoline, and CO2, and its terminals store petroleum products and chemicals and handle materials like coal. Almost all of Kinder Morgan assets are owned by KMP, KMP operates in five business segments : Natural Gas Pipelines, Products Pipelines, CO2, Terminals and Kinder Morgan Canada.
Kinder Morgan is a transporter and marketer of carbon dioxide in North America. It delivers approximately 1.3 billion cubic feet per day of CO2 through about 1,300 miles of pipelines. It is an oil producer in Texas, producing over 55,000 barrels of oil per day at the SACROC Unit and the Yates Field in the Permian Basin. In addition to CO2 pipelines and oil producing fields, this business segment owns interests in and operates CO2 source fields, natural gas and gasoline processing plants, and a crude oil pipeline. Kinder Morgan owns and operates approximately 24,000 miles of gas pipelines in the Rocky Mountains, the Midwest and Texas. Through its Products P ipelines business unit, it transports over two million barre! ls per day of gasoline, jet fuel, diesel, natural gas liquids and other fuels through more than 8,000 miles of pipelines. The Company also has approximately 50 liquids terminals in this business segment that store fuels and offer blending services for ethanol and other products.
Kinder Morgan have more than 180 terminals that store petroleum products and chemicals, and handle bulk materials like coal, petroleum coke and steel products. Kinder Morgan operates a number of pipeline systems and terminal facilities in Canada including the Trans Mountain pipeline, the Express and Platte pipelines, the Cochin pipeline, the Puget Sound and the Trans Mountain Jet Fuel pipelines, the Westridge marine terminal, the Vancouver Wharves terminal in British Columbia and the North Forty terminal in Edmonton, Alberta.
- [By Aaron Levitt]
For investors, the recent drop in all three shares — along with Kinder Morgan Management LLC (KMR) –- have put them all near their 52-week lows and at some of the highest dividend yields not seen in years. At these prices, you’re still getting strong dividend growth — about 5% for KMI — along with the chance to own the largest pipeline network in North America.
- [By The Part-time Investor]
I sold Kinder Morgan Energy Partners (KMP), 168 shares at $80.38, and I replaced it with Kinder Morgan Management (KMR), 264 shares at $75.39. KMR pays its quarterly distribution in extra shares, rather than in cash, as KMP does. For some (crazy) reason this makes it okay to hold it in a retirement account without the tax implications.
- [By Matt DiLallo]
Kinder Morgan offers investors four ways to invest. In addition to the parent company, Kinder Morgan, investors can also choose to invest in MLPs Kinder Morgan Partners and El Paso Pipeline Partners or Kinder Morgan Management (NYSE: KMR ) . Both of the partnerships directly own the pipeline and other midstream assets and offer higher yields. Meanwhile, the management company offers a tax-friendly way to invest in Kinder Morgan Partners with one key difference: Investors are paid in shares instead of cash. No matter which option you choose, Kinder Morgan is a top company whose stock, or units, are a great holding for any portfolio.
- [By Albert Alfonso]
(click to enlarge)
Kinder Morgan Energy Partners is part of the Kinder Morgan family of companies with a combined enterprise value of over $115B. Kinder Morgan, Inc (KMI) is Kinder Morgan Energy Partners’ general partner and has incentive distribution rights and owns about 10% of the partnership. Another way to own Kinder Morgan Energy Partners is via Kinder Morgan Management (KMR), whose shares are pari passu with Kinder Morgan Energy Partners and has an equal distribution but pays its dividend in additional shares instead of cash. This in effects acts as a dividend reinvest program.
Hot Dow Dividend Stocks To Own For 2014: QLogic Corporation(QLGC)
QLogic Corporation engages in the design and supply of storage networking, high performance computing networking, and converged networking infrastructure solutions. It offers various host products, including fiber channel and Internet small computer systems interface (iSCSI) host bus adapters; fiber channel over Ethernet (FCoE) converged network adapters; and intelligent Ethernet adapters. The company also provides network products, which consist of fiber channel switches, including stackable edge switches, bladed switches, virtualized pass-through modules, and high-port count modular-chassis switches; Ethernet pass-through modules; and storage routers for bridging fiber Channel, FCoE, and iSCSI networks, as well as for migrating data between storage devices. In addition, it offers silicon products comprising fiber channel, iSCSI, converged network, and Ethernet controllers. Further, the company involves in the design and development of application-specific integrated circ uits, adapters, and switches based on fiber channel, iSCSI, FCoE, and Ethernet technologies. Its products are used in server, workstation, and storage subsystem solutions that are used by small, medium, and large enterprises with various business data requirements. The company sells its products to original equipment manufacturers and distributors worldwide. QLogic Corporation was founded in 1992 and is headquartered in Aliso Viejo, California.
- [By Sean Williams]
This week’s loser
On the other side of the coin was networking equipment maker QLogic (NASDAQ: QLGC ) , which tanked 4.8% on the week after disclosing that its CEO, Simon Biddiscombe, had resigned on Friday. In the interim, QLogic’s CFO, Jean Hu, will be the acting CEO. Anytime the management of a company changes, it provides a level of uncertainty that’s bound to unnerve investors. I’d urge current shareholders (of which I’m one) to remember that QLogic has been consistently profitable for years, has $5 in net cash per share, and is poised to benefit from higher infrastructure spending. Patience will pay off here!
- [By Eric Volkman]
QLogic (NASDAQ: QLGC ) is soon to become a slimmer company. The firm announced that it will implement a restructuring plan this year, in a move to “streamline business operations with the goal of driving long-term profitable growth.” The effort will include a reduction in employee numbers. QLogic did not say how many jobs might be affected.
Hot Dow Dividend Stocks To Own For 2014: DealerTrack Holdings Inc.(TRAK)
DealerTrack Holdings, Inc. provides software solutions to the automotive retail industry in the United States and Canada. The company offers DealerTrack DMS, an open platform to integrate and manage functions of store operations. It also provides sales and finance solutions, including DealerTrack Credit Application Network to transmit a consumer?s credit application information to lenders; BookOut to look up used automobile values; DealerTrack Compliance to sign, store, and protect customer and financing activity; DealerTrack eContracting to obtain electronic signatures, and transmit contracts and contract information electronically to lenders; DealTransfer to transfer transaction information; CreditOnline to submit credit application data online; SalesMaker, a desking system; DealerTrack eMenu to present insurance and other aftermarket product options in a menu format; and DealerTrack Aftermarket Network that offers real-time aftermarket contract rating and quote generat ion. In addition, the company provides inventory solutions, such as DealerTrack eCarList, an inventory management and distribution platform; and DealerTrack AAX, an inventory optimization and analytics system. Further, it offers processing solutions, such as DealerTrack OLRS that provides do-it-yourself version of department of motor vehicle processing; DealerTrack RegUSA for cross-border vehicle transactions; DealerTrack Electronic Lien & Title (ELT) to manage ELT; DealerTrack?s Title and Collateral Administration, a title management solution; and DealerTrack eDocs to digitize contracts and submit them electronically. Additionally, it provides data services; and on-demand credit application and contract processing services to indirect automotive finance industry in Canada. The company serves dealers, lenders, original equipment manufacturers, third party retailers, agents, and aftermarket providers. DealerTrack Holdings, Inc. was founded in 2001 and is headquartered in Lak e Success, New York.
- [By Patricio Kehoe]
The firm is currently Zacks Rank # 3 – Hold, and it also has a longer-term recommendation of “Outperfom”. For investors looking for a Zacks Rank # 1 – Strong Buy, Dealertrack Technologies Inc (TRAK), Open Text Corporation (OTEX), Pegasystems Inc. (PEGA) Solera Holdings (SLH) or Ultimate Software Group Inc. (ULTI) could be the options.
Hot Dow Dividend Stocks To Own For 2014: Exterran Holdings Inc. (EXH)
Exterran Holdings, Inc., together with its subsidiaries, provides operations, maintenance, service, and equipment for oil and natural gas production, processing, and transportation applications. The companys Contract Operations segment offers natural gas compression and production, and processing services, as well as engages in the engineering, procurement, and on site construction of natural gas compression stations and/or crude oil or natural gas production and processing facilities. As of December 31, 2011, this segment provided contract operations services primarily using a fleet of 8,485 natural gas compression units with an aggregate capacity of approximately 3,632,000 horsepower in North America; and a fleet of 1,063 units with an aggregate capacity of approximately 1,260,000 horsepower internationally. Its Aftermarket Services segment sells parts and components; and provides operation, maintenance, overhaul, and reconfiguration services for compression, productio n, treating, and oilfield power generation equipment. The companys Fabrication segment engages in the design, engineering, installation, fabrication, and sale of natural gas compression units, and accessories and equipment used in the production, treatment, and processing of crude oil and natural gas; provision of engineering, procurement, and fabrication services primarily related to the manufacturing of critical process equipment for refinery and petrochemical facilities; and fabrication of tank farms, and evaporators and brine heaters for desalination plants. Its products include line heaters, oil and natural gas separators, glycol dehydration units, condensate stabilizers, dewpoint control plants, water treatment, mechanical refrigeration and cryogenic plants, and skid-mounted production packages designed for onshore and offshore production facilities. The company was founded in 1990 and is based in Houston, Texas.
- [By Ryan Lowery]
An obvious place to start is coal’s biggest competitor, natural gas. For a while now, I’ve been a fan of the natural gas compression company, Exterran Holdings (NYSE: EXH ) , which provides operations, maintenance, service, and equipment for both oil and natural gas production. Exterran’s stock has had a steady climb the last couple of years — it’s up over 40% this year alone. The majority of analysts are calling Exterran a hold, but several rate it a buy or even a strong buy Currently, Exterran is trading in the upper $20 range, and with a price target of $33, it still seems to have some upside. And for those interested in investing in master limited partnerships, Exterran operates an MLP as well, Exterran Partners (NASDAQ: EXLP ) , which has seen a 33% gain in its price this year.
- [By Seth Jayson]
Exterran Holdings (NYSE: EXH ) is expected to report Q1 earnings on May 2. Here’s what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Exterran Holdings’s revenues will grow 21.6% and EPS will turn positive
Hot Dow Dividend Stocks To Own For 2014: CarMax Inc(KMX)
CarMax, Inc., through its subsidiaries, operates as a retailer of used vehicles in the United States. It also sells vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions, as well as sells new vehicles under franchise agreements. In addition, the company provides customers financing alternatives through its finance operation, CarMax Auto Finance, as well as through its third-party financing providers. Further, it offers a range of other related products and services, including the sale of extended service plans, guaranteed asset protection, and accessories; the appraisal and purchase of vehicles directly from consumers; and vehicle repair services. As of December 21, 2011, the company operated 107 used car superstores in 52 markets. CarMax, Inc. was founded in 1993 and is headquartered in Richmond, Virginia.
- [By Jayson Derrick]
This morning, CarMax Group (NYSE: KMX) reported its fourth quarter results. The company announced an EPS of $0.44, missing the consensus estimate of $0.53. Revenue of $3.08 billion missed the consensus estimate of $3.18 billion. Net earnings for the quarter declined to $99.2 million from $107.2 million in the same quarter last year as the company “corrected our accounting related to cancellation reserves for extended service plan (ESP) and guaranteed asset protection (GAP) products” which had an adverse effect on income. Used vehicle gross profit per unit was little changed in the quarter at $2,141 as same-store sales rose seven percent. The company increases its share repurchase authorization by $1 billion which expires on December 31, 2015. Share slost 4.21 percent, closing at $45.56.
- [By Jake L’Ecuyer]
CarMax (NYSE: KMX) reported weaker-than-expected fiscal fourth-quarter results and increased its share-buyback plan by $1 billion. CarMax’s quarterly profit fell to $99.2 million, or $0.44 per share, versus a year-ago profit of $107.2 million, or $0.46 per share. Its revenue climbed 8.8% to $3.08 billion. However, analysts were expecting earnings of $0.53 per share on revenue of $3.12 billion.
- [By Louis Navellier] Popular Posts: 5 Stocks Ready to Bloom in SpringGoogle Stock Split Is All Good For GOOG Investors3 Stocks to Buy Now That Spring is In the Air Recent Posts: Here Is Your Guide for Q1 Earnings Season Leave CarMax Stock on the Lot For Now (KMX) Don’t Panic Out of Barnes & Noble Stock Yet View All Posts
Welcome to the Stock of the Day.
- [By Laura Brodbeck]
Earnings Expected From: CarMax (NYSE: KMX) Economic Releases Expected: US nonfarm payrolls, German factory orders
Posted-In: European Central Bank Mary Barra Reserve Bank of AustraliaEarnings News Previews Events Global Pre-Market Outlook Markets Trading Ideas Best of Benzinga