Treasury yields continue to fall, making mincemeat of the idea that the Federal Reserve will continue to raise interest rates this year. Everything could change, of course, if the incoming economic data turns out to be stronger than expected. The main event for this week: January payrolls, starting with today’s preliminary estimate for the private sector via ADP’s data, followed by Friday’s official numbers from the US Labor Department. Meanwhile, Mr. Market has been slashing rates across the Treasury curve in the wake of revived worries about economic growth.
The 2-year yieldconsidered the most sensitive for rate expectationshas fallen sharply this year, decreasing to a three-month low of 0.75% yesterday (Feb. 2), based on daily data from Treasury.gov. The benchmark 10-year yield’s tumble is even more dramatic, sliding to 1.87%the lowest level since last April.
Hot Machinery Stocks To Invest In Right Now: Mitsubishi UFJ Financial Group Inc(MTU)
Mitsubishi UFJ Financial Group, Inc., through its subsidiaries, provides financial services in Japan and internationally. Its Retail Banking Business Group segment offers a range of banking products and services, including financial consulting services; deposit products, such as non-interest-bearing deposit accounts; asset management and administration services; trust products; and other investment products. This segment also provides annuity, single premium whole life, flat-rate premium whole life, medical, cancer, and nursing-care insurance products; testamentary trust services; housing loans; Internet banking services; and credit cards. The companys Corporate Banking Business Group segment offers loans and fund management, and remittance and foreign exchange services; derivatives, securitization, syndicated loans, and structured finance; investment banking services; and transaction and trust banking services. Its Trust As sets Business Group segment provides asset management and administration services for products, such as pension trusts and security trusts. This segment also offers a range of services to corporate and pension funds comprising pension fund management and administration, advice on pension schemes, and payment of benefits to scheme members. The companys Global Business Group segment provides services to large corporations, financial institutions, and sovereign and multinational organizations, including project finance, export credit agency, and financing through asset-backed commercial papers; and investment banking services, such as debt/equity issuance and M&A advisory services, as well as consumer finance, investment, asset management, and other financial products and services. Its Global Markets Business Group segment offers financing, hedging, and investing solutions to retail, corporate, institutional, and governmental clients; and asset and liability management servic es. The company was founded in 1880 and is based in Tokyo, J! apan.
- [By Jim Jubak, Senior Markets Editor, MoneyShow.com]
The one currency that is running against the weak dollar tide is the Japanese yen. The yen initially climbed on the Fed’s no taper decision—rising to 97.75 on the news—but then fell all the way back to 99 yen to the dollar and finished yesterday at 99.42. (Remember that since the yen is quoted in yen to the dollar, a higher number is a sign of a weak yen and a smaller number means the yen is getting stronger.) The thinking seems to be that the recent Japanese trade deficit will push the Bank of Japan to further weaken the yen, in order to boost Japanese exports. I continue to think that the yen will finish 2013 at weaker levels than current trading, and that leads me to continue to hold positions in Japanese stocks such as Toyota Motor (TM) and Mitsubishi UFJ Financial Group (MTU). Both stocks are members of my Jubaks Picks portfolio.
Hot Machinery Stocks To Invest In Right Now: Isle of Capri Casinos Inc.(ISLE)
Isle of Capri Casinos, Inc., together with its subsidiaries, develops, owns, and operates gaming facilities and lodging and entertainment facilities in the United States. It owns and operates 14 casino gaming facilities located in Black Hawk, Colorado; Lake Charles, Louisiana; Lula, Biloxi, Natchez, and Vicksburg, Mississippi; Kansas City, Caruthersville, and Boonville, Missouri; Bettendorf, Davenport, Waterloo, and Marquette, Iowa; and Pompano Beach, Florida. The company?s properties feature approximately 15,000 slot machines; 370 table games, including 110 poker tables; 3,000 hotel rooms; and 40 restaurants. It also operates a harness racing track at its casino in Florida. Isle of Capri Casinos, Inc. was formerly known as Casino America, Inc. and changed its name to Isle of Capri Casinos, Inc. in October 1998. The company was founded in 1990 and is based in St Louis, Missouri.
- [By Lisa Levin]
Isle of Capri Casinos (NASDAQ: ISLE) reported better-than-expected earnings for its fourth quarter on Tuesday.
The company posted adjusted earnings of $0.62 per share on revenue of $264.9 million. However, analysts were expecting earnings of 0.54 per share on revenue of $266.8 million.
Top 5 Paper Stocks To Watch For 2016: Ohr Pharmaceuticals, Inc.(OHRP)
OHR Pharmaceutical, Inc., a pharmaceutical company, focuses on the development of novel therapeutics and delivery technologies for the treatment of ocular disease. Its lead clinical program is OHR-102 eye drops, a novel therapeutic product, which could provide a non-invasive therapy to enhance vision outcomes. The company is evaluating OHR-102 eye drops, which completed Phase II clinical trials for the treatment of retinal diseases, including wet-AMD, retinal vein occlusion, and proliferative diabetic retinopathy. Its preclinical pipeline of sustained release programs include sustained release formulations of small molecule and protein therapeutics for the treatment of ocular diseases, such as steroid induced glaucoma, allergies, and retinal disease. OHR Pharmaceutical, Inc. is headquartered in New York, New York.
- [By Lisa Levin]
OHR Pharmaceutical Inc (NASDAQ: OHRP) shares were also up, gaining 22 percent to $3.47. OHR Pharmaceutical announced it has reached an agreement on the Special Protocol Assessment (SPA) with the U.S. Food and Drug Administration on the design of a Phase 3 trial for its lead drug candidate, Squalamine.
Hot Machinery Stocks To Invest In Right Now: Yingli Green Energy Holding Company Limited(YGE)
Yingli Green Energy Holding Company Limited, together with its subsidiaries, designs, develops, markets, manufactures, sells, and installs photovoltaic (PV) products in the Peoples Republic of China and internationally. The company offers polysilicon ingots and blocks, polysilicon wafers, PV cells, PV modules, and integrated PV systems; and develops and operates solar projects. It primarily sells its PV modules to distributors, wholesalers, power plant developers and operators, and PV system integrators under the brand names Yingli and Yingli Solar. Yingli Green Energy Holding Company Limited was founded in 1998 and is headquartered in Baoding, the Peoples Republic of China.
- [By Monica Gerson]
Yingli Green Energy Holding Co Ltd (ADR) (NYSE: YGE) is expected to post a quarterly loss at $1.48 per share on revenue of $372.30 million.
Ameren Corp (NYSE: AEE) is estimated to post its quarterly earnings at $0.38 per share on revenue of $1.51 billion.
Hot Machinery Stocks To Invest In Right Now: Newell Rubbermaid Inc.(NWL)
Newell Brands Inc. designs, manufactures or sources, and distributes consumer and commercial products worldwide. The companys Writing segment offers writing instruments, including markers and highlighters, pens, and pencils; art products; activity-based adhesive and cutting products; fine writing instruments; and labeling solutions under the Sharpie, Paper Mate, Expo, Prismacolor, Mr. Sketch, Elmer’s, X-Acto, Parker, Waterman, and Dymo Office brands. Its Home Solutions segment provides indoor/outdoor organization, food storage, and home storage products; durable beverage containers; gourmet cookware, bakeware, and cutlery; window treatments; and hair care accessories under the Rubbermaid, Contigo, Bubba, Calphalon, Levolor, and Goody brands. The companys Tools segment offers hand and power tool accessories; industrial band saw blades; tools for HVAC systems; and industrial label makers and printers under the Irwin, Lenox, Hilmor, and Dymo Industrial brands. Its Commercial Products segment designs, manufactures or sources, and distributes cleaning and refuse products, hygiene systems, and material handling solutions under the Rubbermaid Commercial Products brand names. The companys Baby & Parenting segment offers infant and juvenile products, such as car seats, strollers, highchairs, and playards directly under the Graco, Baby Jogger, Aprica, and Teutonia brands. The company sells its products through distributors and directly to mass merchants, warehouse clubs, grocery/drug stores, office superstores, office supply stores, and contract stationers, as well as travel retail, on-line, and other retailers; and specialty and department stores, home centers, industrial/construction outlets, commercial products distributors, contract customers, and other professional customers. The company was formerly known as Newell Rubbermaid Inc. and changed its name to Newell Brands Inc. in April 2016. Newell Brands Inc. was founded in 1903 and is headquartered in Atl! anta, Georgia.
- [By Shauna O’Brien]
Newell Rubbermaid Inc. (NWL) announced on Wednesday that it has finalized the sale of its Hardware business.
The sale, which was first reported on August 9, was completed on Wednesday. Nova Capital has acquired NWL’s Hardware business which includes the Amerock, Ashland, Bulldog and Shur-Line brands.
NWL will receive approximately $175 million in after-tax proceeds from the sale.
Newell Rubbermaid shares were mostly flat during pre-market trading Wednesday. The stock has increased 18% YTD.
- [By Ben Levisohn]
On a market cap weighted basis,Wal-Mart trades at a discount to the average of a group of large-cap consumer staples companies (Coca-Cola (KO), PepsiCo (PEP), Newell Brands (NWL), Procter & Gamble (PG), and Colgate-Palmolive (CL) – covered by Morgan Stanley Analyst Dara Mohsenian). Wal-Mart’s FTM relative P/E multiple is currently 0.76x vs. the 0.89x average over the last 15 years.
- [By Ben Levisohn]
Last week, Tiffany (TIF) CFO Ralph Nicolettileft the luxury retailer for Newell Brands (NWL). Wells Fargo’s Ike Boruchow and team argued that Nicoletti’s departure is “an untimely distraction” for a stock that can’t afford one:
Hot Machinery Stocks To Invest In Right Now: Apollo Global Management, LLC(APO)
Apollo Global Management, LLC is a publicly owned investment manager. It primarily provides its services to endowment and sovereign wealth funds, as well as other institutional and individual investors. The firm manages client focused portfolios. It launches and manages hedge funds and mutual funds for its clients. The firm also manages real estate funds and private equity funds for its clients. The firm invests in the fixed income and alternative investment markets across the globe. Its alternative investments include investment in private equity and real estate markets. The firm’s private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, turnaround, corporate restructuring, special situation, acquisition, and industry consolidation transactions. Its fixed income investments include income -oriented senior loan and bond, structured credit, opportunistic credit, non-performing loans and value oriented fixed income securities. The firm seeks to invest in chemicals; commodities; consumer and retail; oil and gas, metals, mining, agriculture, commodities, distribution and transportation; financial and business services; manufacturing and industrial; media distribution, cable, entertainment, and leisure; natural resources, energy, packaging and materials; and satellite and wireless. It seeks to invest in companies based in across North America with a focus on United States, and Europe. The firm also makes investments outside North America, primarily in Western Europe and Asia. The firm employs a combination of contrarian, value, and distressed strategies to make its investments. It conducts an in-house research to create its investment portfolio. The firm seeks to acquire minority positions in its portfolio companies. The firm seeks to make investments in the range of $200 million and $1.5 billion. Apollo Global Management, ! LLC was founded in 1990 and is headquartered in New York, New York with additional offices in Los Angeles, California; Purchase, New York; Houston, Texas; London, United Kingdom; Frankfurt, Germany; Luxembourg, Luxembourg; Hong Kong, Hong Kong; Singapore, Singapore; and Mumbai, India.
- [By Chad Tracy]
In 2008, Apollo Global Management (NYSE: APO) co-founder Joshua Harris was on a losing streak.
The firm's $430 million investment in big-box retailer Linens N' Things went south when the company filed for bankruptcy.
- [By Lisa Levin]
The Fresh Market Inc (NASDAQ: TFM) agreed be acquired by Apollo Global Management LLC (NYSE: APO) for $28.50 per share in cash.
In an approximately $1.4 billion in cash buyout, shareholders are set to receive $28.50 per share. This calculates to an approximately 53 percent premium over the February 10 closing price and an approximately 24 percent premium over last Friday’s closing price.