Cautious investors kept major market index futures mixed ahead of the release of the U.S. employment report for February.
Before the start of regular trading Friday, Dow Jones industrial average index futures were up 0.1%, Standard & Poor’s 500 index futures were up 0.2% and Nasdaq composite index futures were flat.
On Thursday, the S&P 500 rose 3.22 points, or 0.2%, to close at 1,877.03, and also hit a new intraday high off 1,881.94. The Dow Jones industrial average gained 61.71 points, or 0.4% to 16,421.89, and the Nasdaq composite index fell 5.85 points, or 0.1% to 4,352.13.
THURSDAY: S&P 500 closes at record high on job data beat
In addition to waiting for Friday’s release of the U.S. employment report, investors will be watching for China’s expected release of trade and inflation data over the weekend.
Hot Promising Stocks To Watch For 2014: J ames River Coal Company(JRCC)
James River Coal Company, through its subsidiaries, engages in mining, processing, and selling thermal and metallurgical coal in eastern Kentucky, southern West Virginia, and southern Indiana. It conducts its mining operations in Bell County, Bledsoe, Blue Diamond- Buckeye, Blue Diamond-Leatherwood, Hampden, McCoy Elkhorn, Laurel Mountain, and Triad mining complexes. As of December 31, 2011, the company had 8 mining complexes, including 25 underground mines, 12 surface mines, and 14 preparation plants, as well as controlled approximately 362.8 million tons of proven and probable coal reserves in Central Appalachia and Midwest regions. It sells its coal to utility, steel, and industrial markets. The company was founded in 1988 and is headquartered in Richmond, Virginia.
- [By Ben Levisohn]
Walter Energy announced that it would sell $200 million of senior secured notes due 2019 with a coupon of 9.500% a year, and priced its private offering of $350 million aggregate principal amount of 11.0%/12.0% Senior Secured Second Lien PIK Toggle Notes due 2020. Walter has a debt-equity ratio of 369, according to Bloomberg, more than twice Peabody Energy’s 152. Walter’s announcement comes just two days after James River Coal (JRCC) missed a coupon payment on its own debt. Standard & Poor’s reaffirmed Walter Energy’s B-minus rating yesterday but said the outlook is negative.
- [By Lauren Pollock]
James River Coal Co.(JRCC) said it has tapped advisers to help the troubled Appalachian coal mining company explore a potential sale and other strategic alternatives.
Hot Promising Stocks To Watch For 2014: Maui Land & Pineapple Company Inc. (MLP)
Maui Land & Pineapple Company, Inc., together with its subsidiaries, engages in the development, sale, and leasing of real estate properties. It owns approximately 23,300 acres of land on Maui. The company also offers water and waste transmission services. In addition, it manages certain resort amenities at the Kapalua Resort. The company was founded in 1909 and is based in Lahaina, Hawaii.
- [By Matthew Skelly]
The technology of fracturing (and the horizontal style of drilling), is changing America’s needs on the energy front. At the epicenter of this infrastructure build-out is Atlas Pipeline Partners (NYSE:APL), a midstream gathering and processing company that trades as a Master Limited Partnership, (MLP). Atlas Pipeline is essentially a middle man between the drillers and long-haul transportation pipelines. It gathers mixed volumes of natural gas and natural gas liquids (NGLs) such as ethane, propane, and butanes, etc. from the thousands of wells drilled by its drilling customers, back through pipelines to its processing plants, which will separate the gas from the NGLs. Both are then sold to long-haul transportation pipelines, which take the two products downstream to the next part of the energy supply chain.
- [By Dividends4Life]
Sunoco Logistics Partners (SXL) is a master limited partnership (MLP) that was formed by Sunoco Inc. to acquire, own and operate a group of refined product and crude oil pipelines and terminal facilities.
Yield: 3.6% | Years of Dividend Growth: 11
Hot Promising Stocks To Watch For 2014: Kayne Anderson MLP Investment Co (KYN)
Kayne Anderson MLP Investment Company, incorporated on June 4, 2004, is a non-diversified, closed-end investment company. The Company’s investment objective is to obtain a high after-tax total return by investing at least 85% of its total assets plus any borrowings in energy-related master limited partnerships (MLPs) and their affiliates, and in other companies that, as their principal business, operate assets used in the gathering, transporting, processing, storing, refining, distributing, mining or marketing of natural gas, natural gas liquids, crude oil, refined petroleum products or coal (collectively with MLPs referred to as Midstream Energy Companies). The Company’s portfolio investments principally consist of equity securities issued by MLPs.
Kayne Anderson MLP Investment Company may invest up to 15% of its total assets in any single issuer. It may invest up to 20% of its total assets in debt securities, which may include below investment-grade secu rities. The Company’s portfolio includes investments in pipeline MLPs, propane MLPs, shipping MLPs, coal MLPs and upstream MLPs. The Company’s investment advisor is Kayne Anderson Capital Advisors, L.P.
- [By Jon C. Ogg]
The ETFs and funds held up on Monday:
JPMorgan Alerian MLP Index ETN (NYSEArca: AMJ) was down only 0.3% at $46.86, versus a 52-week range of $42.18 to $49.31. Volume was 1.1 million shares versus an average of about 628,000. ALPS Alerian MLP ETF (NYSEArca: AMLP) closed down 0.45 at $17.57, versus a 52-week range of $16.75 to $18.36. This ETF traded more than 3.1 million shares, up from an average of about 2.85 million shares. The closed-end fund of Kayne Anderson MLP Investment Company (NYSE: KYN) even managed to rise by 0.26% to $38.70 against a 52-week range of $33.11 to $40.22. Its volume was also almost 300,000 shares versus an average volume of closer to 218,000 shares.
It still seems more than interesting that the investment community did not pound the rest of the sector in sympathy with Boardwalk. This Boardwalk MLP still has a $3.1 billion market cap, even after getting cut almost in half. Usually investors try to tie in peers when one implosion is seen versus others. It seems as though they are trusting that negative natural gas exposure here is not going to spill over into the rest of the sector, and maybe not even spill over into the price of units in its more direct peers.
Hot Promising Stocks To Watch For 2014: Universal Health Services Inc. (UHS)
Universal Health Services, Inc., through its subsidiaries, owns and operates acute care hospitals, behavioral health centers, surgical hospitals, ambulatory surgery centers, and radiation oncology centers. The companys hospitals offer various services comprising general and specialty surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, pediatric services, pharmacy services, and/or behavioral health services. As of February 24, 2012, it owned and/or operated 25 acute care hospitals and 198 behavioral health centers located in 36 states, Puerto Rico, and the U.S. Virgin Islands, as well as Washington, D.C. The company also operates six surgical hospitals, and surgery and radiation oncology centers located in four states and Puerto Rico. Universal Health Services, Inc. was founded in 1978 and is headquartered in King of Prussia, Pennsylvania.
- [By Ben Levisohn]
Tenets plunge has helped drag other healthcare stocks lower. Community Health (CYH) has dropped 3.6% to $42.21, HCA Holdings (HCA) has fallen 2.1% to $46.72 and Universal Health Services (UHS) is off 1% at $80.59.
- [By John Moore]
Universal Health Services (NYSE: UHS ) has aggressively attacked a grown concern in America: diabetes. The company is currently developing specialty services to treat type 1 diabetes and mental health. Universal Health Services provides expert home, hospice and personal assistance care. They specialize in providing nurses who are skilled in diabetes and disease management.
- [By Asit Sharma]
Universal Health Services (NYSE: UHS )
King of Prussia, Pa.-based Universal Health Services operates acute-care hospitals and behavioral health centers in the United States and the U.S. Virgin Islands.The company books more than $7 billion in annual revenue, and has grown its quarterly earnings more than 220% over the last five years.
Hot Promising Stocks To Watch For 2014: Enbridge Inc(ENB)
Enbridge Inc. engages in the transportation and distribution of crude oil and natural gas primarily in Canada and the United States. Its Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGLs), and refined products pipelines and terminals. The company?s Gas Distribution segment distributes natural gas to residential, commercial, and industrial customers primarily in central and eastern Ontario, northern New York State, Quebec, and New Brunswick. Enbridge?s Gas Pipelines, Processing and Energy Services segment invests in natural gas pipelines, processing and green energy projects, and commodity marketing businesses, as well as performs commodity storage, transport, and supply management services. Its Sponsored Investments segment transports crude oil and other liquid hydrocarbons through common carrier and feeder pipelines, as well as transports, gathers, processes, and markets natural gas and NGLs; operates a crude oil and liqui ds pipeline and gathering system; and owns a 50% interest in the Canadian portion of Alliance Pipeline and partial interests in various green energy investments. The company was formerly known as IPL Energy Inc. and changed its name to Enbridge Inc. in October 1998. Enbridge Inc. was founded in 1949 and is headquartered in Calgary, Canada.
- [By Aaron Levitt]
Thus, investors looking for Canadian pipeline growth might want to turn their attention away from TRP stock … and toward rival Enbridge (ENB).
- [By GURUFOCUS]
Enbridge Inc. (ENB) operates as an energy transportation and distribution company in the United States and Canada. Dec. 4, the company increased its quarterly dividend 16.7% to $0.35 per share. The dividend is payable March 1, 2014, to shareholders of record on Feb. 14, 2014. The yield based on the new payout is 3.4%.
Hot Promising Stocks To Watch For 2014: Syneron Medical Ltd. (ELOS)
Syneron Medical Ltd., together with its subsidiaries, engages in the research, manufacture, development, marketing, and sale of aesthetic medical products worldwide. The company develops products based on its proprietary Electro-Optical Synergy (ELOS) technology, which uses the synergy between electrical energy and optical energy to provide aesthetic medical treatments. Its products target a range of non-invasive aesthetic medical procedures, including hair removal, wrinkle reduction, rejuvenation of the skins appearance through the treatment of superficial benign vascular and pigmented lesions, acne treatment, treatment of leg veins, treatment for the temporary reduction in the appearance of cellulite and thigh circumference, ablation and resurfacing of the skin, laser-assisted lipolysis, and topical skin brightening products. It also develops, manufactures, and markets non-invasive technologies for fat cell destruction and body sculpting; and Viador system, a handheld device with a radiofrequency-needle array for use in transdermal delivery of biologic drug-products via a system-specific skin patch. The company sells its products to dermatologists, plastic and cosmetic surgeons, other qualified practitioners, and aestheticians and medical spas through direct sales force and distributors; and to home-use consumers directly, as well as through retailers and a chain of distributors. Syneron Medical Ltd. was founded in 2000 and is headquartered in Yokneam Illit, Israel.
- [By Eric Volkman]
Syneron Medical (NASDAQ: ELOS ) has put a familiar person on its CEO throne. The company named Shimon Eckhouse as its new chief executive, effective immediately. He succeeds Louis Scafuri, who will “remain available” to the firm through the current quarter to aid in the transition.
- [By Seth Jayson]
Syneron Medical (Nasdaq: ELOS ) reported earnings on May 22. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Syneron Medical met expectations on revenues and met expectations on earnings per share.
Hot Promising Stocks To Watch For 2014: Highway 50 Gold Corp (HWY)
Highway 50 Gold Corp. is an exploration-stage company. The Company is engaged principally in the acquisition and exploration of exploration and evaluation assets. The Company owns, or has the right to acquire an interest in, two projects located in Nevada (the Golden Brew Property and the Porter Canyon Project). Porter Canyon Project consists of 201 unpatented claims located in Lander County, Nevada that cover the projected north-eastern terminus of the Eastgate volcanic trough under pediment cover outboard of the Quito Mine. The Golden Brew claims (Golden Brew) consists of 153 claims prospective for Carlin-style gold mineralization. The gold mineralization at Golden Brew consists of a zone of gold bearing jasperoid measuring 2,500 feet long and up to 200 feet wide, hosted in thin bedded platey Cambrian-aged carbonates. Advisors’ Opinion:
- [By Ben Levisohn]
It wasn’t all good news, however. Healthways (HWY) plunged 30% to $11.41, making it the S&P 1500′s biggest loser, while Cameron International (CAM) fell 18% to $53.25, making it the S&P 500′s weakest stock. Both released disappointing earnings reports this week.
Hot Promising Stocks To Watch For 2014: Transglobe Energy Corp(TGA)
TransGlobe Energy Corporation operates as an exploration and production company with oil interests in the Arab Republic of Egypt and the Republic of Yemen. It has interests in 9 international blocks comprising 5.5 million acres. The company was formerly known as Dusty Mac Mines, Ltd. and changed its name to TransGlobe Energy Corporation in April 1996 as a result of its business focus shift from mineral exploration and extraction to oil and gas business. TransGlobe Energy Corporation was founded in 1968 and is headquartered in Calgary, Canada.
- [By Jake L’Ecuyer]
Leading and Lagging Sectors
Wednesday morning, the financial sector proved to be a source of strength for the market. Leading the sector was strength from SouFun Holdings (NYSE: SFUN) and E-House (China) Holdings (NYSE: EJ). In trading on Wednesday, energy shares were relative laggards, down on the day by about 0.67 percent. Among the energy stocks, Endeavour International (NYSE: END)was down more than 22 percent, while TransGlobe Energy (NASDAQ: TGA) tumbled around 6 percent.
- [By Seth Jayson]
TransGlobe Energy (Nasdaq: TGA ) is expected to report Q1 earnings on May 7. 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 TransGlobe Energy’s revenues will contract -10.7% and EPS will expand 80.0%.
- [By Sean Williams]
I can’t say I’m someone who particularly likes to push my luck in regions of the world where political upheaval can threaten my investments. One such example where I’ve bucked that trend is AngloGold Ashanti in Africa, which dealt with a large labor strike that shut down two its mines for a significant amount of time. This came on top of the higher-than-normal labor costs African metal miners already deal with. The next such name I’d like to add to this short list of exceptions is independent oil and gas driller TransGlobe Energy (NASDAQ: TGA ) .