Related ECH China And Copper ETFs: Not The Relationship You Think Investors Aren't Too Excited About Lithium Rally About The Latin America 40 ETF (Seeking Alpha)
If the current pace is maintained for the rest of this year, 2016 could go down as the year of the Latin American exchange-traded fund comeback. With the exception of the iShares MSCI Mexico Inv. mt. Idx. (ETF) (NYSE: EWW), the major Latin American single-country ETFs trading in New York are all sporting deep double-digit year-to-date gains.
That includes the iShares MSCI Chile Inv. Mt. Idx. Fd(ETF) (NYSE: ECH), which is up 17 percent this year. ECH's performance is all the more impressive when remembering Chile is the world's largest copper-producing country and the iPath Bloomberg Copper Subindex Total Return Sub-Index ETN (NYSE: JJC) is saddled with a modest year-to-date loss.
Hot Valued Stocks To Buy For 2016: Gibraltar Industries, Inc.(ROCK)
Gibraltar Industries, Inc. manufactures and distributes building products in North America, Europe, and Asia. Its Residential Products segment offers roof and foundation ventilation products and accessories, including solar powered units; postal and parcel storage products, such as single mailboxes, cluster boxes for multi-unit housing, and package delivery systems; roof edgings and flashings; soffits and trims; drywall corner beads; metal roofing and accessories; rain dispersion products consisting of gutters and accessories; and exterior retractable awnings. This segment also provides electronic parcel lockers, roof top safety kits, chimney caps, heat trace coils and exterior, remote-controlled deck awnings for sun protection, and solar-powered ventilation products. The companys Industrial and Infrastructure Products segment offers fabricated bar grating and safety plank grating used in industrial flooring, walkways, stair s, platforms, safety barriers, drainage covers, and ventilation grates; expanded and perforated metals used in walkways, catwalks, automotive trims, shelving, fencing, barriers, and other applications where visibility and security are necessary; fiberglass grating; and expansion joint systems, bearing assemblies, and pavement sealing systems used in bridges, elevated highway, airport runways, and rail crossings. This segment also provides architectural facades for buildings, front grilles for truck tractor manufacturers; interior ceilings and lighting fixtures; and outdoor railings and balustrades. Its Renewable Energy and Conservation segment designs and provides engineered solutions for solar racking systems and greenhouse structures. The company markets its products through sales personnel and outside sales representatives. Gibraltar Industries, Inc. was founded in 1993 and is headquartered in Buffalo, New York.
- [By Lisa Levin]
On Friday, the basic materials sector proved to be a source of strength for the market. Top gainers in the sector included LSB Industries, Inc. (NYSE: LXU), Ferro Corporation (NYSE: FOE), and Gibraltar Industries Inc (NASDAQ: ROCK).
Hot Valued Stocks To Buy For 2016: Canadian Pacific Railway Limited(CP)
Canadian Pacific Railway Limited, through its subsidiaries, operates a transcontinental railway in Canada and the United States. The company provides logistics and supply chain expertise services. It transports bulk commodities, including grain, coal, fertilizers, and sulphur; and intermodal traffic comprising retail goods in overseas containers that can be transported by train, ship, and truck, as well as in domestic containers and trailers that can be moved by train and truck. The company also transports merchandise freight consisting of finished vehicles and automotive parts, chemicals and plastics, crude oil, and forest products, as well as metals, minerals, and consumer products. It provides rail and intermodal transportation services over a network of approximately 13,700 miles serving the business centers of Canada from Montreal, Quebec, to Vancouver, British Columbia, and the United States Northeast and Midwest regions . In addition, the company offers transloading, warehousing, and distribution services of steel products. Canadian Pacific Railway Limited was founded in 1881 and is headquartered in Calgary, Canada.
- [By Motif Investing]
Bill Ackman is founder and CEO of hedge fund Pershing Square Capital Management, L.P. Some of his activist positions have included Target Corporation (NYSE: TGT), JC Penney Company Inc (JCP) and Canadian Pacific Railway Limited (NYSE: CP). His funds have suffered double-digit losses in the last year – a net loss of 16.5 and 20.5 percent respectively for his main fund and Pershing Square Holdings in 2015 – largely due to a sizeable stake in Valeant Pharmaceuticals.
Ackman has also been in the news recently regarding his December 2012 bet against Herbalife Ltd. (NYSE: HLF), a nutrition and weight management company that was facing pyramid scheme allegations up until recently. Ackman’s activist goal over the last several years has been to expose Herbalife as a get-rich-quick scammer. He believes the company should be taken down due to its use of inflated pricing, misleading data and unscrupulous incentive structure.
The Federal Trade Commission just released its ruling on July 15th for a $200 million settlement fine that doesn’t include pyramid scheme charges. Fortune estimates Ackman has lost at least $500 million on his 20.2 million shares, stock loan fees and marketing campaigns costs to publicly shame the company.
Hot Asian Companies For 2016: Ultra Petroleum Corp.(UPL)
Ultra Petroleum Corp., an independent oil and gas company, engages in the acquisition, exploration, development, production, and operation of oil and natural gas properties in the United States. It primarily focuses on developing a tight gas sand trend located in the Green River Basin of southwest Wyoming; and assessing, exploring, and developing its position in the Marcellus Shale and other horizons located in the north-central Pennsylvania area of the Appalachian Basin. As of December 31, 2011, the company owned interests in approximately 53,000 net acres in Wyoming covering approximately 190 square miles; 258,000 net acres in Pennsylvania; and 130,000 net acres in eastern Colorado?s Denver Julesburg Basin. Ultra Petroleum Corp. was founded in 1979 and is headquartered in Houston, Texas.
- [By STOCKPICKR]
As energy commodity prices have sold off in recent months, so too have the E&P stocks that pull those resources out of the ground. And Ultra Petroleum (UPL) has been no exception. The good news is that you don’t need to be an expert technical trader to figure out why this stock looks toxic here — the setup in shares of Ultra Petroleum is about as simple as they get.
UPL is bouncing its way lower in a textbook downtrending channel, a price setup that’s formed by a pair of parallel trendlines that have kept UPL range-bound since April. The price channel in UPL identifies the high-probability range for shares to stay within, and so, with shares pressing up against resistance for the eighth time since this price channel kicked off, it makes sense to be a seller on the next bounce lower.