Investors in Asia sent equities higher following indications the Federal Reserve means to maintain a measured pace.
As the Fed said Wednesday it would raise the benchmark federal-funds rate to a range between 0.75% and 1%, officials continued to pencil in a total of three quarter-point increases for 2017.
Some investors had braced for the possibility that policy makers would signal a quicker pace, and as a result the dollar
sold off 1% in U.S. trading while global sovereign-debt yields pulled back. Those moves were maintained into the Asia-Pacific session on Thursday and put early pressure on Japan stocks.
Top 5 Stocks To Buy For 2018: Glu Mobile Inc.(GLUU)
- [By Rick Munarriz]
Shares ofGlu Mobile(NASDAQ:GLUU)hit another two-year high on Wednesday. The mobile games publisher has been on a roll since posting blowout financial results last week. The stock moved 22% higher last week, and it has soared 171% since the start of last year.
- [By Peter Graham]
A long term performance chart shows that Zynga Inc peaked after the IPO, but has at least been less volatile since then compared to the performance of remaining small cap mobile gaming stockGlu Mobile Inc (NASDAQ: GLUU) and large capActivision Blizzard:
- [By Peter Graham]
Small cap mobile game stock Glu Mobile Inc (NASDAQ: GLUU) reportedQ2 2017 earnings after the market closed on Tuesday. Revenue grew 42% year over year to $68.7 million while bookingsincreased 62% to$82.5 million (whichexceed high end of guidance) and Design Home peaked as the#17 top grossing game on U.S. App Store for iPhone. The net loss was $23.568 million versus a net loss of $17.949 million. The Company also raised 2017 full year bookings guidance to a range of $307 million to $312 million.
- [By Peter Graham]
A long term performance chart shows that Zynga Inc largely moving sideways for the pastthree years or sowhile remaining small cap mobile gaming stockGlu Mobile Inc (NASDAQ: GLUU) has underperformed andlarge capActivision Blizzard continues to have a good run:
- [By Harsh Chauhan]
Mobile gaming specialist Glu Mobile’s (NASDAQ:GLUU) net loss almost tripled in the first quarter despite a slight jump in revenue from the prior-year period. Its adjusted net loss of $0.15 per share was more than twice than Wall Street’s expectations of a $0.07-per-share loss.
Top 5 Stocks To Buy For 2018: NCI Building Systems, Inc.(NCS)
- [By Max Byerly]
Several equities research analysts have issued reports on the stock. ValuEngine cut shares of NCI Building Systems from a “buy” rating to a “hold” rating in a research note on Thursday. Stephens reaffirmed a “hold” rating and set a $20.00 price target on shares of NCI Building Systems in a research note on Thursday, March 15th. Barclays reaffirmed an “overweight” rating on shares of NCI Building Systems in a research note on Thursday, March 8th. Royal Bank of Canada reaffirmed a “buy” rating and set a $20.00 price target on shares of NCI Building Systems in a research note on Thursday, March 8th. Finally, Zacks Investment Research cut shares of NCI Building Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $20.00.
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NCI Building Systems Company Profile
- [By Scott Rubin]
Equity gainers on the day included Chico's FAS, Inc. (NYSE: CHS), which surged more than 12 percent on the day, and Himax Technologies (NASDAQ: HIMX), which climbed almost 9 percent in the wake of an afternoon rally. Losers included NCI Building Systems Inc. (NYSE: NCS), which fell 15 percent after earnings, and H&R Block inc (NYSE: HRB), which fell almost 11 percent on the day after its Q1 results.
- [By Lisa Levin]
On Thursday, the industrial sector proved to be a source of strength for the market. Leading the sector was strength from Envirostar Inc (NYSE: EVI) and NCI Building Systems Inc (NYSE: NCS).
Top 5 Stocks To Buy For 2018: Westinghouse Air Brake Technologies Corporation(WAB)
- [By WWW.MONEYSHOW.COM]
Westinghouse Air Brake Technologies Corporation (WAB) scores highly based on my Warren Buffett-based model, which is based on the book Buffettology, and also the Peter Lynch-inspired approach that uses the method outlined by Lynch in One Up on Wall Street.
- [By Joseph Griffin]
Mountain Pacific Investment Advisers Inc. ID cut its holdings in Wabtec Co. (NYSE:WAB) by 1.2% during the first quarter, HoldingsChannel.com reports. The firm owned 226,515 shares of the transportation company’s stock after selling 2,800 shares during the period. Wabtec comprises 1.9% of Mountain Pacific Investment Advisers Inc. ID’s investment portfolio, making the stock its 25th biggest position. Mountain Pacific Investment Advisers Inc. ID’s holdings in Wabtec were worth $18,438,000 at the end of the most recent quarter.
- [By Lee Samaha]
On a more positive note, Flannery appears to be making ground on some key long-term objectives.
Management feels “good” about the ability of the healthcare segment to outperform, according to Miller. Flannery claimed GE was in “active discussions” on some aviation platforms, current & lighting and distributed power, while an announcement on the divestment of transportation (rumored to be a target of Wabtec (NYSE:WAB)) is expected by the end of the second quarter. Structural cost reductions are now expected to be above the $2 billion target outlined on the investor day presentation in November 2017. Flannery outlined that he would lead the creation of a new operating system for GE based on “lean, six sigma ad agile” involving “continuous improvement and customer experience.”
As a reminder, GE has promised $20 billion of asset sales, and the commentary on the earnings call was reassuring, particularly as the first deal (healthcare IT assets) was underwhelming.
- [By Matthew DiLallo]
Westinghouse Air Brake Technologies(NYSE:WAB), or Wabtec, is off to a solid start in 2018. The rail products company reported double-digit gains in revenue and earnings thanks to a combination of factors. As a result, the company remains on pace to hit its full-year guidance.
- [By Lisa Levin] Companies Reporting Before The Bell
United Technologies Corporation (NYSE: UTX) is estimated to report quarterly earnings at $1.51 per share on revenue of $14.62 billion.
The Coca-Cola Company (NYSE: KO) is expected to report quarterly earnings at $0.46 per share on revenue of $7.31 billion.
Caterpillar Inc. (NYSE: CAT) is projected to report quarterly earnings at $2.07 per share on revenue of $11.93 billion.
Verizon Communications Inc. (NYSE: VZ) is expected to report quarterly earnings at $1.11 per share on revenue of $31.22 billion.
Lockheed Martin Corporation (NYSE: LMT) is estimated to report quarterly earnings at $3.42 per share on revenue of $11.28 billion.
The Sherwin-Williams Company (NYSE: SHW) is projected to report quarterly earnings at $3.15 per share on revenue of $3.94 billion.
Biogen Inc. (NASDAQ: BIIB) is expected to report quarterly earnings at $5.92 per share on revenue of $3.15 billion.
3M Company (NYSE: MMM) is estimated to report quarterly earnings at $2.52 per share on revenue of $8.26 billion.
JetBlue Airways Corporation (NASDAQ: JBLU) is projected to report quarterly earnings at $0.2 per share on revenue of $1.75 billion.
Eli Lilly and Company (NYSE: LLY) is expected to report quarterly earnings at $1.13 per share on revenue of $5.49 billion.
Harley-Davidson, Inc. (NYSE: HOG) is estimated to report quarterly earnings at $0.88 per share on revenue of $1.25 billion.
Corning Incorporated (NYSE: GLW) is expected to report quarterly earnings at $0.3 per share on revenue of $2.50 billion.
Centene Corporation (NYSE: CNC) is projected to report quarterly earnings at $1.88 per share on revenue of $13.28 billion.
The Travelers Companies, Inc. (NYSE: TRV) is estimated to report quarterly earnings at $2.77 per share on revenue of $6.75 billion.
Wipro Limited (NYSE: WIT) is expected to report quarterly earnings at $0.07 per share on revenue of $2.16 billion.
PACCAR Inc (NASDAQ: PCAR) is projected to
Top 5 Stocks To Buy For 2018: Raytheon Company(RTN)
- [By Paul Ausick]
Five teams are expected to compete for the contract: Boeing Co. (NYSE: BA) has joined with Saab to offer a clean-sheet design; Northrop Grumman Corp. (NYSE: NOC) has teamed up with BAE Systems and L-3 Communications Holdings Inc. (NYSE: LLL) on another clean-sheet design; Lockheed Martin Corp. (NYSE: LMT) and Korea Aerospace Industries (KAI) are going with a modified KAI T-50; Raytheon Corp. (NYSE: RTN) has joined with Italy’s Leonardo and Canada’s CAE Inc. (NYSE: CAE) on a version of Leonardo’s M-346 trainer that it calls the T-100; and privately held Sierra Nevada has partnered with Turkish Aerospace Industries (TAI) on another clean-sheet design.
- [By ]
Raytheon (RTN) : “I think Raytheon is one of the best defense names.”
Tallgrass Energy Partners (TEP) : “That dividend is a red flag. That group has become a house of pain and I’m not going there.”
- [By ]
As I wrote yesterday, Lockheed’ s older F-16 jet is considered a front runner in the Indian Air Force’s potential $15 billion order for 110 fighter aircraft. Lockheed also produces the more modern (and stealth capable) F-22, and F-35 fighters. Both of these fighters are professionally thought to be effective against Russia’s S-400 long range air defense missile system. That system is currently deployed in western Syria. Last week, Lockheed also won a $247 million contract from NASA to design and build an experimental aircraft that could operate without creating a traditional sonic boom. My price target: $375.
First off, should the president decide to strike Syria without the use of American pilots, guess who produces the Tomahawk missile? That’s right. These guys. On top of that, you might have noticed that two weeks ago, Poland agreed to spend $4.75 billion on RTN’s Patriot missile defense system. By the way, this is the largest weapons deal in the history of Poland. Russia’s annexation of the Crimean peninsula has not been lost on this former Warsaw Pact nation.
- [By Ethan Ryder]
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
Raytheon, Navy Test JSOW C Missile on Lockheed’s F-35C Fighter Jet (govconwire.com) BRIEF-Raytheon Wins $83 Mln Mine Neutralizer Contract (reuters.com) Raytheon awarded $83 million mine neutralizer contract (prnewswire.com) Raytheon (RTN) Rating Increased to Strong-Buy at BidaskClub (americanbankingnews.com) Raytheon wins contract for Barracuda counter-mine system (upi.com)
A number of equities analysts recently weighed in on the company. Cowen reissued a “buy” rating and issued a $235.00 price target on shares of Raytheon in a research note on Tuesday. Zacks Investment Research cut Raytheon from a “buy” rating to a “hold” rating in a research note on Thursday, April 12th. Morgan Stanley dropped their price target on Raytheon from $245.00 to $238.00 and set an “overweight” rating on the stock in a research note on Thursday, April 12th. ValuEngine raised Raytheon from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, Sanford C. Bernstein lifted their price target on Raytheon from $231.00 to $255.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th. Four research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Raytheon presently has an average rating of “Buy” and a consensus price target of $220.53.
- [By Dustin Parrett]
Two of Keith’s favorite Unstoppable Trend stocks are Raytheon Co. (NYSE: RTN) and Becton, Dickinson and Co. (NYSE: BDX). RTN and BDX are leaders in the Unstoppable Trends of defense and demographics, respectively.
Top 5 Stocks To Buy For 2018: Cipher Pharmaceuticals Inc.(CPHR)
- [By Benzinga News Desk]
Cipher Pharmaceuticals (NASDAQ: CPHR) is said to have hired an investment bank to explore strategic alternatives, according to sources as reported by Reuters on Monday. The sources said a potential sale of the Canada-based company is being considered. Cipher declined comment on the report.