Related SPY EIU: Trump Presidency Would Be A Global Threat, Same Risk Level To Economy As Jihadi Terrorism S&P 500 Index Futures Trading Higher In Volatile Session Does Sector Diversification Really Matter? (Seeking Alpha)
Between January 4 and February 11, the S&P 500 lost 10.31 percent. However, since February 12, the index recuperated 12 percent, closing around $204.79 on Thursday.
Jason Goepfert pointed out on his Twitter account that this will be the sixth time in 50 years that the S&P 500 has managed to erase a 10 percent year-to-date correction. The S&P is now up 0.45 percent year-to-date.
Hot Sliver Companies To Own For 2017: Allied Healthcare Products Inc.(AHPI)
Allied Healthcare Products, Inc. engages in the manufacture and marketing of respiratory care products, medical gas equipment, and emergency medical products. The company?s respiratory care product line includes respiratory care/anesthesia products comprising air compressors, calibration equipment, humidifiers, croup tents, equipment dryers, and respiratory disposable products; and home respiratory care products, such as aluminum oxygen cylinders, oxygen regulators, pneumatic nebulizers, and portable suction equipment. Its medical gas equipment product line comprises construction products, including in-wall medical gas system components, central station pumps and compressors, and headwalls; regulation devices and suction equipment consisting of flowmeters, vacuum regulators, and pressure regulators, as well as related adapters, fittings, and hoses that measure, regulate, monitor, and transfer medical gases to patients in hospital rooms, operating theaters, or intensive ca re areas; and disposable cylinders that provide oxygen for short periods of time in emergency situations. The company?s emergency medical products portfolio comprises respiratory/resuscitation products, including resuscitation valves, portable resuscitation systems, bag masks and related products, emergency transport ventilators, precision oxygen regulators, minilators, multilators, and humidifiers; and trauma and patient handling products, which consists of spine immobilization products, pneumatic anti-shock garments, and trauma burn kits. Allied Healthcare sells its products primarily to hospitals, hospital equipment dealers, hospital construction contractors, home health care dealers, and emergency medical products dealers through sales professionals and distributors. It operates in Canada, Mexico, Central and South America, Europe, the Middle East, and the Far East. Allied Healthcare Products, Inc. was founded in 1979 and is headquartered in St. Louis, Missouri.
- [By Jim Robertson]
Yesterday, our Under the Radar Moversnewsletter suggested shortingsmall cap respiratory equipmentstockAllied Healthcare Products Inc (NASDAQ: AHPI):
Hot Sliver Companies To Own For 2017: Phillips 66(PSX)
Phillips 66, incorporated on November 10, 2011, is an energy manufacturing and logistics company with midstream, chemicals, refining and marketing, and specialties businesses. The Company operates its business through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S).
The Company gathers, processes, transports and markets natural gas, and transports, fractionates and markets natural gas liquids (NGLs) in the United States. In addition, this segment also transports crude oil and other feedstocks to its refineries and other locations, and delivers refined and specialty products to market, and provides storage services for crude oil and petroleum products. The Midstream segment includes, among other businesses, the Company’s equity investment in DCP Midstream , LLC (DCP Midstream) and its investment in Phillips 66 Partners LP. The Midstream segment consists of three business lines: Transportation, DCP Midstr eam and NGL.
The transportation business line transports crude oil and other feedstocks to its refineries and other locations, and delivers refined and specialty products to market, and provides storage services for crude oil and petroleum products. The operations of its master limited partnership, Phillips 66 Partners LP, are included in the transportation business line. The DCP Midstream business line gathers, processes, transports and markets natural gas, and transports, fractionates and markets NGL.
The Company owns or leases assets to provide delivery and storage of crude oil, refined products, natural gas and NGL. These assets include pipeline systems; petroleum product, crude oil and liquefied petroleum gas (LPG) terminals; a petroleum coke handling facility; marine vessels, and railcars and trucks. Its transportation business manages over 18,000 miles of crude oil, natural gas, NGL and petroleum products pipeline systems in the United States , including those partially owned or operated by affiliates.! The Company owns or operates over 40 finished product terminals, 40 storage locations, five LPG terminals, 20 crude oil terminals and one petroleum coke exporting facility. It has interest in Rockies Express Pipeline LLC (REX). The REX natural gas pipeline runs over 1,710 miles from Meeker, Colorado, to Clarington, Ohio, and has a natural gas transmission capacity of over 1.8 billion cubic feet per day (BCFD), with most of its system having a pipeline diameter of over 40 inches. The REX pipeline is designed to enable natural gas producers in the Rocky Mountain region to deliver natural gas supplies to the Midwest and eastern regions of the United States.
The Company owns a limited partner interest in Phillips 66 Partners, which is a master limited partnership formed to own, operate, develop and acquire primarily fee-based crude oil, refined petroleum product and NGL pipelines and terminals, as well as other transportation and midstream assets. Phillips 66 Partn ers’ assets consist of crude oil and refined petroleum product pipeline, terminal, rail rack and storage systems in the Central, Gulf Coast, Atlantic Basin and Western regions of the United States. Its vessels are used primarily to transport feedstocks or provide product transportation for certain of its refineries, including delivery of domestic crude oil to its Gulf Coast and East Coast refineries. Truck and rail operations support the Company’s feedstock and distribution operations. Rail movements are provided via a fleet of over 12,300 owned and leased railcars. Truck movements are provided through approximately 170 third-party truck companies, as well as through Sentinel Transportation LLC, in which the Company holds an equity interest.
Midstream segment includes the Company’s equity investment in DCP Midstream. DCP Midstream owns or operates over 64 natural gas processing facilities, with a net processing capacity of approximately 8.0 BCFD. DCP Midstream’s owned or operated natural gas pipeline systems include gath! ering ser! vices for these facilities, as well as natural gas transmission, and totaled approximately 68,000 miles of pipeline. DCP Midstream also owns or operates over 10 NGL fractionation plants, along with natural gas and NGL storage facilities, a propane wholesale marketing business and NGL pipeline assets. The residual natural gas, primarily methane, which results from processing raw natural gas, is sold by DCP Midstream at market-based prices to marketers and end users, including industrial companies, natural gas distribution companies and electric utilities.
The Company’s NGL business includes its equity interest in Gulf Coast Fractionators, which owns an NGL fractionation plant in Mont Belvieu, Texas. The Company has equity interest in a fractionation plant in Mont Belvieu, Texas, and its net share of capacity is over 30,250 barrels per day. The Company has equity interest in a fractionation plant in Conway, Kansas, and the Company’s net share of capacity is approx imately 43,200 barrels per day. It also has one-third interest in both the DCP Sand Hills and DCP Southern Hills pipeline entities, connecting Eagle Ford, Permian and Midcontinent production to the Mont Belvieu, Texas market.
The Chemical segment manufactures and markets petrochemicals and plastics. The Chemicals segment consists of its equity investment in Chevron Phillips Chemical Company LLC (CPChem). CPChem’s business is structured around two primary operating segments: Olefins and Polyolefins (O&P) and Specialties, Aromatics and Styrenics (SA&S). The O&P segment produces and markets ethylene and other olefin products; the ethylene produced is primarily consumed within CPChem for the production of polyethylene, normal alpha olefins and polyethylene pipe. The SA&S segment manufactures and markets aromatics products, such as benzene, styrene, paraxylene and cyclohexane, as well as polystyrene and styrene-butadiene copolymers. SA&S also m anufactures and/or markets a range of specialty chemical pro! ducts, in! cluding organosulfur chemicals, solvents, catalysts, drilling chemicals and mining chemicals. CPChem, including through its subsidiaries and equity affiliates, has manufacturing facilities located in Belgium, China, Colombia, Qatar, Saudi Arabia, Singapore, South Korea and the United States.
The refining segment buys, sells and refines crude oil and other feedstocks into petroleum products (such as gasolines, distillates and aviation fuels) at over 15 refineries, mainly in the United States and Europe. The Bayway Refinery is located on the New York Harbor in Linden, New Jersey. Bayway refining units include a fluid catalytic cracking unit, over two hydrodesulfurization units, a naphtha reformer, an alkylation unit and other processing equipment. The refinery produces a high percentage of transportation fuels, such as gasoline, diesel and jet fuel, as well as petrochemical feedstocks, residual fuel oil and home heating oil. The complex also includes an approximately 775-million-pound-per-year polypropylene plant.
The Humber Refinery is located on the east coast of England in North Lincolnshire, the United Kingdom. It produces a high percentage of transportation fuels, such as gasoline, diesel and jet fuels. Humber’s facilities encompass fluid catalytic cracking, thermal cracking and coking. This refinery has over two coking units with associated calcining plants, which upgrade the heaviest part of the crude barrel and imported feedstocks into light oil products and graphite and anode petroleum cokes. Approximately 60% of the light oils produced in this refinery are marketed in the United Kingdom, while the other products are exported to the rest of Europe, West Africa and the United States.
The Whitegate Refinery is located in Cork, Ireland. This refinery produces transportation fuels, such as gasoline, diesel and fuel oil, which are distributed to the inland market, as well as being e xported to international markets. The Mineraloelraffinerie O! berrhein ! GmbH (MiRO) refinery, located on the Rhine River in Karlsruhe in southwest Germany, is a joint venture in which the Company owns interest. Facilities include over three crude unit trains, fluid catalytic cracking, petroleum coking and calcining, hydrodesulfurization, naphtha reformer, isomerization, ethyl tert-butyl ether and alkylation units. MiRO also produces a high percentage of transportation fuels, such as gasoline and diesel fuels. Other products include petrochemical feedstocks, home heating oil, bitumen and anode- and fuel-grade petroleum coke. Refined products are delivered to customers in southwest Germany, northern Switzerland and western Austria by truck, railcar and barge.
The Alliance Refinery is located on the Mississippi River in Belle Chasse, Louisiana. The single-train facility includes fluid catalytic cracking units, alkylation, delayed coking, hydrodesulfurization units, a naphtha reformer and aromatics unit. Alliance produces a high percent age of transportation fuels, such as gasoline, diesel and jet fuels. Other products include petrochemical feedstocks, home heating oil and anode-grade petroleum coke.
The Lake Charles Refinery is located in Westlake, Louisiana. Its facilities include fluid catalytic cracking, hydrocracking, delayed coking and hydrodesulfurization units. The refinery produces a high percentage of transportation fuels, such as low-sulfur gasoline and off-road diesel, along with home heating oil. The majority of its refined products are distributed by truck, railcar, barge or major common carrier pipelines to customers in the southeastern and eastern United States. Refined products can also be sold into export markets through the refinery’s marine terminal. Refinery facilities also include a specialty coker and calciner, which produce graphite petroleum coke for the steel industry.
The Sweeny Refinery is located in Old Ocean, Texas, approximately 65 miles southwest of Houston. Refinery facilities include fluid catalytic crackin! g, delaye! d coking, alkylation, a naphtha reformer and hydrodesulfurization units. The refinery receives crude oil primarily via tankers, through wholly and jointly owned terminals on the Gulf Coast, including a deepwater terminal at Freeport, Texas. It produces a high percentage of transportation fuels, such as gasoline, diesel and jet fuels. Other products include petrochemical feedstocks, home heating oil and fuel-grade petroleum coke.
Merey Sweeny, L.P. (MSLP) owns a delayed coker and related facilities at the Sweeny Refinery. MSLP processes long residue, which is produced from heavy sour crude oil, for a processing fee. Fuel-grade petroleum coke is produced as a by-product and becomes the property of MSLP. The Company is the operator and managing partner of WRB Refining LP (WRB), which consists of the Wood River and Borger refineries. WRB’s gross processing capability of heavy Canadian or similar crudes ranges between 235,000 and 255,000 barrels per day. The Company’ s other refineries include Ponca City Refinery, Billings Refinery, Ferndale Refinery, Los Angeles Refinery and San Francisco Refinery.
Marketing and Specialties
The Marketing and Specialties segment purchases for resale and markets refined petroleum products (such as gasolines, distillates and aviation fuels), mainly in the United States and Europe. In addition, this segment includes the manufacturing and marketing of specialty products (such as base oils and lubricants), as well as power generation operations. The Company markets gasoline, diesel and aviation fuel through approximately 8,350 marketer-owned or -supplied outlets in over 50 states of the United States. Its wholesale operations utilize a network of marketers operating approximately 6,700 outlets. In addition, the Company holds brand-licensing agreements with approximately 800 sites. In addition to automotive gasoline and diesel, the Company produces and markets jet fuel and aviation ga soline, which is used by smaller piston-engine aircraft. Avi! ation gas! oline and jet fuel were sold through dealers and independent marketers at approximately 850 Phillips 66-branded locations in the United States.
The Company has marketing operations in over five European countries. The Company uses the JET brand name to market retail and wholesale products in Austria, Germany and the United Kingdom. In addition, a joint venture in which the Company has an equity interest markets products in Switzerland under the Coop brand name. The Company also markets aviation fuels, LPG, heating oils, transportation fuels, marine bunker fuels, bitumen and fuel coke specialty products to commercial customers and into the bulk or spot markets in Austria, Germany, the United Kingdom, Switzerland and Ireland. In addition, through its joint venture operations in Switzerland, the Company has interests in over 295 additional sites.
The Company manufactures and sells a range of specialty products, including petroleum coke products, waxes, solvents and polypropylene. It markets graphite and anode-grade petroleum cokes in the United States and Europe for use in the global steel and aluminum industries. It also markets polypropylene in North America under the COPYLENE brand name. The Company own an interest in Excel Paralubes, a joint venture, which owns a hydrocracked lubricant base oil manufacturing plant located adjacent to the Lake Charles Refinery. This facility produces approximately 22,000 barrels per day of hydrocracked base oils.
The Company manufactures and sells automotive, commercial and industrial lubricants, which are marketed under the Phillips 66, Conoco, 76 and Kendall brands, as well as other private label brands. It also markets Group II Pure Performance base oils globally, as well as import and market Group III Ultra-S base oils through an agreement with Korea’s S-Oil corporation. It has interests in Sweeny Cogeneration, L.P., which owns a cogeneration power plant located adjace nt to the Sweeny Refinery. The plant generates electricity a! nd provid! es process steam to the refinery, as well as merchant power into the Texas market. The plant has a net electrical output of approximately 440 megawatts and is capable of generating over 3.6 million pounds per hour of process steam.
- [By Todd Shriber, ETF Professor]
Alright, so elevated short interest in a stock not a major factor in CRAK is not a big deal. Applying that logic, it is notable that short interest in Phillips 66 (NYSE: PSX), CRAK's largest holding at a weight of nearly 7.7 percent, remains elevated.
- [By Ben Levisohn]
During the past three months, Valero Energy (VLO) has fallen 7.3%, Marathon Petroleum (MPC) has dropped 17% and Tesoro (TSO) has plunged 21%. Phillips 66 (PSX) is off 13% during that period, while HollyFrontier (HFC) is down 7.7%.
- [By Manikandan Raman]
Barclays has downgraded Phillips 66 (NYSE: PSX) to Equal Weight from Overweight and cut the price target to $86 from $93, citing limited upside in shares.
5 Best Life Sciences Stocks To Invest In 2017: Cott Corporation(COT)
Cott Corporation, incorporated on December 31, 2006, along with its subsidiaries, is engaged in the production of beverages on behalf of retailers, brand owners and distributors. The Company operates through four segments: DSS; Cott North America; Cott United Kingdom (Cott U.K.), and All Other, which includes its Mexico segment, Royal Crown International (RCI) segment and other miscellaneous expenses.
The Company is engaged in home and office bottled water and office coffee services distribution in the United States. The Company has approximately 60 beverage manufacturing, production, distribution and fruit processing facilities, including over 50 in North America, which include approximately 30 combined production and distribution facilities, over eight in the United Kingdom and approximately one in Mexico, and over one manufacturing facility in Columbus, Georgia that supplies its manufacturing plants. The total square footage of its beverage manufacturing, p roduction, distribution and fruit processing facilities is approximately 6.3 million square feet in North America, over 1.2 million square feet in the United Kingdom and approximately 0.3 million square feet in Mexico.
The Company’s brands in North America and the United Kingdom include Cott and Red Rain. In the United States, its brands include Stars & Stripes, Vess, Vintage, So Clear, Shanstar, Harvest Classic, Chadwick Bay, Exact, Alhambra, Belmont Springs, Deep Rock, Hinckley Springs, Sparkletts, Crystal Springs, Kentwood Springs, Mount Olympus, Standard Coffee and Javarama. In the United Kingdom, its brands include Emerge, Red Rooster, MacB, Carters, Calypso, Mr. Freeze, Jubbly, Suso, Cafe Nueva and Ben Shaws. The Company also operates under the brand names Stars & Stripes in Mexico and RC mark in various formats in 120 countries and territories outside of North America.
The DSS segment provides direct-to-consumer products, suc h as bottled water, coffee, brewed tea, water dispensers, co! ffee and tea brewers, and filtration equipment. The DSS segment accounted for 1.4% of its total net revenue, as of January 2, 2016.
The Company’s traditional business consists of its Cott North America, Cott U.K. and All Other segments. Its traditional business produces products, including carbonated soft drinks (CSDs), shelf stable juice and juice-based products, clear, still and sparkling flavored waters, energy drinks and shots, sports drinks, new age beverages, ready-to-drink teas, liquid enhancers, freezables, ready-to-drink alcoholic beverages, hot chocolate, coffee, malt drinks, creamers/whiteners, cereals and beverage concentrates, directly or through third-party manufacturers. Its traditional business accounted for 18.9% of the Company’s total revenue, as of January 2, 2016.
The Company competes with Coca-Cola, Pepsi, Nestle Waters North America, Dr. Pepper Snapple, Welch’s, Ocean Spray, Nestle, and Mott’s.
- [By Dan Moskowitz]
Cott (NYSE: COT ) produces and sells over 200 different types of beverages in over 50 countries, and it implements a highly effective strategy. Cott is what is known as a Fast Follower, which makes it unique to other beverage companies.
Hot Sliver Companies To Own For 2017: Hibbett Sports Inc.(HIBB)
Hibbett Sports, Inc. operates sporting goods stores in small to mid-sized markets primarily in the southeast, southwest, Mid-Atlantic, and Midwest regions of the United States. Its stores offer an assortment of merchandise, including athletic footwear, team sports equipment, athletic and fashion apparel, and related accessories. The company also provides its merchandise directly to educational institutions and youth associations. As of January 28, 2012, it operated 832 stores consisting of 812 Hibbett Sports stores, 19 smaller-format Sports Additions athletic shoe stores, and 1 larger-format Sports & Co. superstore in 26 states. The company was formerly known as Hibbett Sporting Goods, Inc. and changed its name to Hibbett Sports, Inc. in January 2007. Hibbett Sports, Inc. was founded in 1945 and is headquartered in Birmingham, Alabama.
- [By Lisa Levin]
Hibbett Sports, Inc. (NASDAQ: HIBB) reported better-than-expected earnings for its fourth quarter on Friday.
The Birmingham, Alabama-based company posted a quarterly profit of $0.76 per share, on revenue of $245.7 million. However, analysts were expecting earnings of $0.73 per share on revenue of $246.2 million.
Hot Sliver Companies To Own For 2017: Infinity Pharmaceuticals, Inc.(INFI)
Infinity Pharmaceuticals, Inc., a drug discovery and development company, discovers, develops, and delivers medicines to patients with difficult-to-treat diseases. Its lead product candidate includes IPI-145, an oral inhibitor of the delta and gamma isoforms of phosphoinositide-3-kinase (PI3K) for the treatment of hematologic malignancies. The company is developing DYNAMO, which is in Phase II study to evaluate the safety and efficacy of IPI-145 dosed at 25 mg; CONTEMPO that is in the Phase Ib/II study of IPI-145 in combination with obinutuzumab or rituximab in patients with untreated follicular lymphoma; BRAVURA, which is in Phase III study to evaluate the safety and efficacy of IPI-145 plus rituximab and bendamustine; and FRESCO that is in Phase II study to evaluate the safety and efficacy of IPI-145 plus rituximab. It is also developing DYNAMO+R, which is in Phase III randomized study to evaluate IPI-145 dosed at 25 mg in c ombination with rituximab, a monoclonal antibody treatment; DUO that is in randomized Phase III monotherapy study evaluating IPI-145 dosed at 25 mg in patients with relapsed or refractory chronic lymphocytic leukemia (CLL); and SYNCHRONY, which is in the Phase Ib study of IPI-145 in combination with obinutuzumab in CLL patients. In addition, the company is conducting a Phase Ib/II trial of IPI-145 in combination with venetoclax, a B-cell lymphoma 2 inhibitor; and developing IPI-549 that is in Phase I study for patients with various solid tumors, including melanoma and non-small cell lung cancer. The company has collaboration and license agreement with AbbVie Inc. to develop and commercialize IPI-145 in oncology; and development and license agreement with Intellikine, Inc. to discover, develop, and commercialize pharmaceutical products targeting the delta and/or gamma isoforms of PI3K. Infinity Pharmaceuticals, Inc. is headquartered in Cambridge, Massachusetts.
- [By Lisa Levin]
Infinity Pharmaceuticals Inc. (NASDAQ: INFI) shares dropped 70 percent to $1.32. Infinity announced plans to cut 21 percent of the workforce. The company also reported that DYNAMO Phase 2 monotherapy study evaluating the efficacy and safety of duvelisib met its primary endpoint.