By now it’s certainly no surprise that the Department of Labor has issued its long awaited missive on fiduciary duty. With over 1,000 pages, there is a lot to absorb; however, I believe the DOL has done a Solomon-like job of streamlining, simplifying and clarifying the rule. Although, like many other supporters of the fiduciary concept, I would have liked to see something stronger, I do believe the actions of the DOL will absolutely make the system fairer.
See Also: Retirement Savers Get New Legal Protections
The result is amazing and to be applauded, especially given the realities of today’s political constraints. Multiple millions of dollars have been spent lobbying against the implementation of a DOL rule. Michael Piwowar, a commissioner of the Securities and Exchange Commission, opines that the rule “seems to ignore the chorus of voices that questioned whether it will restrict middle-class families’ and minority communities’ access to professional financial advice by making retirement advice unaffordable” Senator Johnny Isakson of Georgia stated, “This fiduciary rule will harm countless Georgians who have worked hard to make sure they make wise financial decisions for their families’ futures. For families across the country, this rule is essentially the Obamacare for retirement planning, and I will do everything I can to overturn this rule.”
Top 10 Communications Equipment Companies To Watch For 2017: Constellation Brands Inc(STZ)
Constellation Brands, Inc., incorporated on December 4, 1972, is an international beverage alcohol company. The Company is a producer and marketer of beer and wine the United States and Canada. The Company’s segments include Beer, Wine and Spirits, and Corporate Operations and Other. The Company’s wine portfolio is complemented by select spirits brands and other select beverage alcohol products. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States.
The Company owns principal facilities, including the Nava Brewery in Nava, Coahuila, Mexico; the glass production plant in Nava, Coahuila, Mexico; wineries in California, which include the Woodbridge Winery in Acampo and the Mission Bell winery in Madera; the Canandaigua winery in Canandaigua, New York, and the distillery in Lethbridge, Alberta, Canada. It operates over four facilities in the San Diego, California area that produce its Ballast Point brand, including Miram ar, which serves as the primary production site for the brand. In the United States, the Company operates over 20 wineries using varieties of grapes grown in the Napa, Sonoma, Monterey and San Joaquin regions of California. It also operates approximately eight wineries in Canada, over four wineries in New Zealand and approximately five wineries in Italy. The Company’s Canadian whisky requirements are produced and aged at its Canadian distillery in Lethbridge, Alberta.
The Company sells a number of brands in the import and craft beer categories. Within the imported beer category, the Company has rights to import, market and sell its Mexican Beer Brands in over 50 states of the United States, which include Corona Extra, Corona Light, Modelo Especial, Pacifico, Negra Modelo and Victoria. It also includes Modelo Especial Chelada, which is a blend of beer with flavors of tomato, salt and lime. Its craft beer products are primarily sold under the Bal last Point brand. Ballast Point produces over 40 different s! tyles of beer.
Wine and Spirits
The Company is a producer and marketer of wine. It sells a number of wine brands across various categories, including table wine, sparkling wine and dessert wine, and across all price points, such as popular, premium and luxury categories. The Company owns, leases or has interests in approximately 13,300 acres of vineyards in California (the United States), over 5,800 acres of vineyards in New Zealand, approximately 1,700 acres of vineyards in Canada and over 900 acres of vineyards in Italy.
The Company’s wine produced in the United States is primarily marketed domestically and in Canada. Wine produced in Canada is primarily marketed domestically. Wine produced in New Zealand and Italy is primarily marketed in the United States and Canada. In addition, the Company exports its wine products to other major world markets. Some of its wine and spirits brands sold in the United States include Arbor Mist, Black Box, Blackstone, Clos du Bois, Estancia, Franciscan Estate, Inniskillin, Kim Crawford, Mark West, Mount Veeder, Nobilo, Ravenswood, Rex Goliath, Robert Mondavi, Ruffino, Simi, Toasted Head, Wild Horse, Black Velvet Canadian Whisky and SVEDKA Vodka. In its spirits business, SVEDKA Vodka is imported from Sweden and is the imported vodka brand in the United States.
The Company competes with Anheuser-Busch InBev, MillerCoors, Heineken, Pabst Brewing Company, The Boston Beer Company, E&J Gallo Winery, The Wine Group, Trinchero Family Estates, Treasury Wine Estates, Ste. Michelle Wine Estates, Deutsch Family Wine & Spirits, Jackson Family Wines, Andrew Peller, Kruger Wines and Spirits, Diageo, Beam Suntory, Brown-Forman, Sazerac Company and Pernod Ricard.
- [By Monica Gerson]
Darden Restaurants, Inc. (NYSE: DRI) is estimated to report its quarterly earnings at $1.08 per share on revenue of $1.81 billion. ConAgra Foods Inc (NYSE: CAG) is expected to report its quarterly earnings at $0.52 per share on revenue of $2.89 billion. Paychex, Inc. (NASDAQ: PAYX) is projected to report its quarterly earnings at $0.49 per share on revenue of $751.52 million. Micron Technology, Inc. (NASDAQ: MU) is expected to post a quarterly loss at $0.09 per share on revenue of $2.95 billion. McCormick & Company, Incorporated (NYSE: MKC) is estimated to report its quarterly earnings at $0.74 per share on revenue of $1.06 billion. Constellation Brands, Inc. (NYSE: STZ) is expected to report its quarterly earnings at $1.51 per share. Schnitzer Steel Industries, Inc. (NASDAQ: SCHN) is estimated to report its quarterly earnings at $0.18 per share on revenue of $356.41 million. Franklin Covey Co. (NYSE: FC) is expected to post its quarterly earnings at $0.08 per share on revenue of $49.89 million. Lindsay Corporation (NYSE: LNN) is projected to report its quarterly earnings at $0.99 per share on revenue of $148.43 million.
Posted-In: Earnings scheduleEarnings News Pre-Market Outlook Markets
- [By Teresa Rivas]
A better than expected first quarter is fueling gains forConstellation Brands (STZ) on Thursday.
The spirits maker said it earned $1.54 a share on revenue that climbed 14.8% to $.187 billion. Analysts were expecting earnings of $1.52 a share on revenue of $1.83 billion. Constellation also reaffirmed its full year guidance for earnings per share between $6.05 and $6.35, compared to the $6.27 consensus estimate.
Wells Fargos Bonnie Herzog reiterated an Outperform rating on the stock following the report:
Strong pricing growth and mix benefits drove 54bps gross margin and 72bps in operating margin expansion in beer resulting in a record 35.6% beer op margin.Wineshipment volumes were up a solid 4.5% with net pricing of 3.7%, both above our expectations. Mix benefits helped drive a solid 164bps of wine & spirits operating margin expansion.Overall we are encouraged by STZ’s results in both segments, as they reflect the benefits of its strategic investments and strong execution.As planned, STZ completed the next phase of its Nava brewery expansion to provide 20M hl of capacity. Outlook Maintained:Despite the earnings beat, and impressive EPS growth,STZ maintained its guidance for FY17, which we continue to believe remains very conservative, given it implies only 8.1% – 15.3% EPS growth on average for the remaining 3 quarters of the year.Bottom Line: We continue to think STZ has excellent momentum and are encouraged by this quarter’s impressiv e results. While we were somewhat disappointed that management did not raise guidance, we believe underlying trends should support strong results above the current outlook.The stock’s reaction to STZ’s earnings beat could be tempered by guidance being maintained.
The shares are up 2.4% to $163.14 in recent trading.
Top 10 Communications Equipment Companies To Watch For 2017: CVR Energy Inc.(CVI)
CVR Energy, Inc. (CVR Energy), incorporated on September 25, 2006, is a holding company. The Company engages in the petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP (CVR Refining or the Refining Partnership) and CVR Partners LP (CVR Partners or the Nitrogen Fertilizer Partnership). It operates under two business segments: petroleum (the petroleum and related businesses operated by the Refining Partnership) and nitrogen fertilizer (the nitrogen fertilizer business operated by the Nitrogen Fertilizer Partnership). The Company’s Refining Partnership is an independent petroleum refiner and marketer of transportation fuels. Its Nitrogen Fertilizer Partnership produces and markets nitrogen fertilizers in the form of urea and ammonium nitrate (UAN) and ammonia. The petroleum business consists of a coking medium-sour crude oil refinery in Coffeyville, Kansas and a crude oil refinery in Wynnewood, Oklahoma. The nitrogen fertilizer bus iness consists of UAN and ammonia products.
The petroleum business, operated by the Refining Partnership, includes a complex full coking medium-sour crude oil refinery with a rated capacity of over 115,000 barrels per calendar day (bpcd) and a complex crude oil refinery with a rated capacity of approximately 70,000 bpcd capable of processing over 20,000 bpcd of light sour crude oil (within its rated capacity of over 70,000 bpcd). The combined crude capacity represents approximately 22% of the region’s refining capacity. Its Coffeyville refinery’s product yield include gasoline (46%), diesel fuel (primarily ultra-low sulfur diesel) (43%), and pet coke and other refined products such as natural gas liquids (NGL) (propane and butane), slurry, sulfur and gas oil (11%). The Wynnewood refinery’s product yield included gasoline (52%), diesel fuel (primarily ultra-low sulfur diesel) (36%), asphalt (5%), jet fuel (4%) and other products (3 %).
The Company owns and operates a crude oil g! athering system serving Kansas, Nebraska, Oklahoma, Missouri, Colorado and Texas. The system has field offices in Bartlesville and Pauls Valley, Oklahoma and Plainville, Winfield and Iola, Kansas. The petroleum business owns a pipeline system capable of transporting approximately 170,000 bpd of crude oil from its Broome Station facility located near Caney, Kansas to its Coffeyville refinery. Crude oils sourced outside of the gathering system are delivered by common carrier pipelines into various terminals in Cushing, Oklahoma, where they are blended and then delivered to the Broome Station tank farm via a pipeline owned by Plains Pipeline L.P. (Plains). The petroleum business also has a rack marketing division supplying product through tanker trucks directly to customers located in close geographic proximity to Coffeyville, Kansas and Wynnewood, Oklahoma and to customers at throughput terminals on Magellan Midstream Partners, L.P. (Magellan) and NuStar Energy, LP’s (NuStar) refined products distribution systems. The Coffeyville refinery has the capability to process blends of various crude oil ranging from heavy sour to light sweet crude oil. The Wynnewood refinery has the capability to process blends of various crude oil ranging from medium sour to light sweet crude oil, although isobutane, gasoline components, and normal butane are also typically used.
The Company competes with Phillips 66, HollyFrontier, CHS, Valero and Flint Hills Resources.
Nitrogen Fertilizer Business
The nitrogen fertilizer business, operated by the Nitrogen Fertilizer Partnership, is a nitrogen fertilizer plant in North America that utilizes a pet coke gasification process to produce nitrogen fertilizer products, which are used primarily by farmers to manage the yield and quality of their crops. The nitrogen fertilizer facility includes a 1,300 ton-per-day ammonia unit, a 3,000 ton-per-day UAN unit and a gasifier complex having a c apacity of approximately 90 million standard cubic feet per ! day of hy! drogen. The nitrogen fertilizer business’ principal products are UAN and ammonia. These products are manufactured at its facility in Coffeyville, Kansas. The nitrogen fertilizer business’ product sales are heavily weighted toward UAN and all of its products are sold on a wholesale basis. The nitrogen fertilizer business owns all of the truck and rail loading equipment at the nitrogen fertilizer facility. The nitrogen fertilizer business also utilizes over two separate UAN storage tanks, and related truck and railcar load-out facilities. Each of these facilities, located in Phillipsburg and Dartmouth, Kansas, has a UAN storage tank that has a capacity of over two million gallons, or approximately 10,000 tons. The Phillipsburg property that the terminal was constructed on is owned by a subsidiary of CVR Refining, which operates the terminal. The Dartmouth terminal is located on leased property owned by the Pawnee County Cooperative Association, which operates the terminal. The purpose of the UAN terminals is to collectively distribute approximately 40,000 tons of UAN fertilizer annually. The nitrogen fertilizer business sells UAN products to retailers and distributors. In addition, it sells ammonia to agricultural and industrial customers.
The Company competes with Agrium, Inc., Koch Nitrogen Company, LLC, Saskatchewan, Inc., CF Industries Holdings, Inc. and Terra Nitrogen Company, LP.
- [By Robert Rapier]
CVR Partners’ fertilizer plant is located in Coffeyville, Kansas, adjacent to the refinery owned by CVR Refining (NYSE: CVRR). CVR Energy (NYSE: CVI), majority-owned by Carl Icahn via Icahn Enterprises (NYSE: IEP), is the general partner and owns most of the units for both CVR Partners and CVR Refining.
Top Tech Stocks To Invest In 2017: Omega Protein Corporation(OME)
Omega Protein Corporation develops, produces, and delivers products to enhance the nutritional integrity of foods, dietary supplements, and animal feeds worldwide. It operates in two segments, Animal Nutrition and Human Nutrition. The Animal Nutrition segment produces animal nutrition products, including fish meal products that are primarily used as a protein ingredient in animal feed for swine, aquaculture, and household pets. This segment also offers fish oil for animal and aquaculture feeds, as well as additives to human food products and dietary supplements; and fish solubles to livestock and aquaculture feed manufacturers, and for use as an organic fertilizer. The Human Nutrition segment produces plant and marine based specialty oils, Omega-3 fish oils, and specialty dairy proteins and other related products. The company sells its products in the United States, Mexico, Europe, Canada, Asia, South and Central America, and others. Omega Protein Corporation was founded in 1913 and is headquartered in Houston, Texas.
- [By Lisa Levin]
Omega Protein Corporation (NYSE: OME) was down, falling around 20 percent to $17.47 after the company reported weaker-than-expected results for its fourth quarter.
Top 10 Communications Equipment Companies To Watch For 2017: Rockwell Automation, Inc.(ROK)
Rockwell Automation, Inc. (Rockwell Automation), incorporated on August 29, 1996, is a provider of industrial automation power, control and information solutions for manufacturers. The Company operates through two segments: Architecture & Software and Control Products & Solutions. In the United States, Canada and certain other countries the Company sells primarily through the independent distributors. In the remaining countries, the Company sells through a combination of direct sales and sales through distributors. The Company sells large systems and service offerings through its direct sales force.
Architecture & Software
The Architecture & Software segment contains various hardware, software and communication components of the Company’s integrated control and information architecture capable of controlling the customer’s industrial processes and connecting with their manufacturing enterprise. Architecture & Software has a portfolio of products, including Control platforms that perform multiple control disciplines and monitoring of applications, including discrete, batch and continuous process, drives control, motion control and machine safety control. Its platform products include controllers, electronic operator interface devices, electronic input/output devices, communication and networking products, and industrial computers. The information-enabled Logix controllers provide integrated multidiscipline control that is modular and scalable; Software products that include configuration and visualization software used to operate and supervise control platforms, process control software and manufacturing execution software (MES), and Other products, including rotary and linear motion control products, sensors and machine safety components.
Control Products & Solutions
The Control Products & Solutions segment combines a portfolio of intelligent motor control and industrial control products, ap plication expertise and project management capabilities. Thi! s portfolio includes low and medium voltage electro-mechanical and electronic motor starters, motor and circuit protection devices, alternate current (AC)/direct current (DC) variable frequency drives, push buttons, signaling devices, termination and protection devices, relays and timers; solutions ranging from packaged solutions, such as configured drives and motor control centers to automation and information solutions where the Company provides design, integration and startup services for custom-engineered hardware and software systems primarily for manufacturing applications, and Services to provide total lifecycle support, including technical support and repair, asset management, training, predictive and preventative maintenance, and safety and network consulting.
The Company competes with Siemens AG, ABB Ltd, Honeywell International Inc. Schneider Electric SA, Emerson Electric Co., Mitsubishi Electric Corp. and Honeywell International Inc.
- [By Ben Levisohn]
Lower WACC has moved in lockstep with higher multiples and as the rate regime shifts, we see limited excuses for another leg absent material growth. EPS growth/visibility at a reasonable price will matter, with those that are not reflecting upside today seeing multiple expansion and safety stocks that are not safe reverting. With this backdrop, our top picks are Honeywell, Ingersoll-Rand, and Danaher, with a positive bias on Neutral-rated United Technologies, while we are most negative onGeneral Electric and Rockwell Automation (ROK), with a negative bias on N-rated $51.92 Emerson Electric (EMR)…
Top 10 Communications Equipment Companies To Watch For 2017: Yandex N.V.(YNDX)
Yandex N.V. (Yandex), incorporated on June 1, 2004, is an Internet and technology company, and operates an Internet search engine. The Company’ s segments include Search and Portal, offers a range of services in Russia, Ukraine, Belarus and Kazakhstan, among which are search, location-based, personalized and mobile services, that enable the Company’s users to find relevant and objective information to communicate and connect over the Internet, from both their desktops and mobile devices; E-commerce, which includes Yandex.Market e-commerce gateway service that gives retailers an additional platform to reach customers seeking specific retailer, product or price information; Classifieds, which includes online advertising and listing services, and Taxi, which offers online transportation service delivered through Yandex and Taxi operates in approximately 10 cities across Russia and in Minsk, Belarus. The Company also operates Experimental businesses, which includes media servi ces (including KinoPoisk, Yandex.Music, Yandex.Radio, Yandex.Tickets and Yandex.Afisha), Yandex Data Factory, discovery services (including Yandex Zen and Yandex Launcher), and search and portal in Turkey.
The Company offers a range of applications for mobile devices running iPhone operating system (iOS), Android and Windows Phone operating systems. The applications include Yandex.Navigator, Yandex.Maps, Yandex Browser and Yandex.Search. Other applications include Yandex.Metro, Yandex.Transport, KinoPoisk, Yandex.Mail, Yandex.Weather, Yandex.Market, Auto.ru, Yandex.Disk, Yandex.Music, Yandex.Timetables, Yandex.Translate and Yandex.Taxi. Its services and applications are also distributed by a limited number of original equipment manufacturers (OEMs), retailers, browser makers and telecom operators in Russia. The Company offers advertisers both text-based advertising and display advertising. Text-based advertisements are targeted to the particular user query on it s search engine result pages, and on search result pages of ! its partners, as well as to the content of a particular Website or Webpage being viewed, or to user behavior or characteristics. Display advertisements consist of graphical and programmatic advertisements that appear on specific pages.
Yandex.Direct is the Company’s auction-based advertising placement service. Yandex.Direct lets advertisers deliver text-based advertisements targeted at particular search queries or content on Yandex Websites or third-party Websites in the Yandex Advertising Network. Yandex.Direct features an automated, online sign-up process that enables advertisers to create and launch their advertising campaigns. Its Web analytics tool, Yandex.Metrica, is a Web analytics system in Russia.
Search and Portal
The Yandex Search engine offers access to a range of information available online. The Company utilizes linguistics, mathematics and statistical analysis to develop algorithms that extract, compile, systematize and p resent relevant information to users. Its organic search results are ranked by computer algorithms based on relevance and it segregates organic results from paid results to avoid confusing its users. The anti-spam protection detects and downgrades pages with low informational content, made-for-advertising and doorway sites, pages with pop-under banners, content farms and scraped-content pages. The Company supplements the results from its Web index with results from its parallel search system, which blends listings from all available Yandex specialized and vertical searches according to their relative relevance, such as Yandex.Images and Yandex.Video, Yandex.News and Yandex.Maps, among others.
The Company offers personalized search that provides search suggestions, as well as search results that are aligned with individual interests of its users. Its news aggregation and information service, the online news aggregation service in Russia, provides a media overview for its users. It aggregates and presents local, national a! nd intern! ational news from approximately 6,700 news sources across the world. Yandex.Maps provide detailed maps of over 1,100 cities and towns in Russia and approximately 20 cities in Ukraine, Kazakhstan and Belarus, as well as a detailed map of Turkey and satellite images of the whole world. In addition to graphical maps, it offers satellite images and hybrid maps (an amalgamation of satellite images and graphic maps), panoramic views, public transportation routes and driving directions in browsers and mobile device applications. Yandex.Maps is also available through application programming interfaces (APIs), which allow Web developers to embed and use interactive maps in third-party Websites, as well as to add extra layers of information.
The Company offers Yandex.Navigator, a mobile application, which provides turn-by-turn navigation. It incorporates a voice input function and a set of voice commands that allow users to interact with the application without touching t he screen. The Yandex.Transport mobile application provides users with real-time data on public transport in various Russian cities. The Yandex.Parking mobile application allows drivers to find available spots in partner parking spaces and pay for them right from the application. Its Geo-Direct Business Directory service enables advertisers to pay for premium placement.
The Yandex.Mail provides users with an access to their e-mail accounts. Its features include threaded and unthreaded views; direct access to Yandex.Disk, Yandex.Money and other Yandex services; auto-tagging, which automatically recognizes and tags certain types of e-mails; smart preview, which allows its users to see the first line of any e-mail in their inbox without having to open it, and Address Book, which recognizes both Latin and Cyrillic transliterations of names, and aggregates all e-mails from the same sender regardless of the language used. Yandex.Mail also features an unsubscribe butto n allowing users to opt out from mailing lists in a single c! lick. Its! Yandex.Mail application is available to Android and iOS users. It allows users to work with multiple e-mail accounts, filter and sort e-mails using Marker, its machine-learning technology that can recognize an e-mail type, and compose e-mails offline, and offers a range of other features. Its mobile push-email technology allows for the instantaneous delivery of new e-mails to mobile inboxes. Its Yandex.Disk service is a cloud-based storage service that allows users to upload, store, read and share files in various formats and sizes. Users can store photos, videos or documents online so that they can be accessed devices, such as personal computer (PC), laptop, tablet or smartphone. The Yandex.Disk mobile application is available for iOS, Android-based and Windows Phone smartphones.
The Company’s Yandex.Weather service allows its users to monitor weather conditions across the globe. The Company offers hyperlocal weather information based on its weather forecastin g technology, Meteum. It gives forecasts for areas as local as specific parts of a city or even individual buildings. Yandex.Weather calculates a new forecast every time a user consults the service. It determines a person’s position down to their current geographic coordinates and shows a fresh forecast. The new Yandex.Weather service offers hyperlocal weather forecasts for people living in approximately 40 regions of Russia and is available on desktop, as well as through applications for iOS and Android.
The Company’s homepage provides a gateway to the means of information available online. Users can find answers to their explicit questions through its search box, as well as to their implicit questions through current news, weather and road traffic reports, television and movie schedules, and other services, presented on its home page. The Company also offers localized homepages for specific geographic markets. Its Yandex Browser allows surfing over the Interne t. After typing a search in the browser’s smartbox, the user! can see ! a snippet about what they are searching for a thing, a product, a person or an event. The Company’s browser also provides its language translation capabilities; able to resume interrupted file downloads; has an automatically generated tableau menu; synchronization of bookmarks and history between desktop and mobile versions, and quick call capability, among other things. It offers mobile versions of Yandex Browser for iOS and Android smartphones and tablets.
The Company’s Yandex.Market e-commerce gateway service gives retailers an additional platform to reach customers seeking specific retailer, product or price information. Product search on Yandex.Market is designed to deliver relevant shopping results to its users. Retailers submit their product catalogs and price lists to the Company in a structured online format, enabling it to provide detailed information in response to relevant user queries, either through its search engine or its Yandex.Market service. Yandex.Market, incorporates its recommendation technology, which is used across other Yandex products and provides users with personal product recommendations. Yandex.Market provides product information, price comparisons and consumer generated reviews of products and online retailers. It features approximately 90 million offerings in over 2,000 product categories from approximately 19,000 participating retailers.
Yandex.Delivery aggregates a range of third-party delivery carriers, courier services, pick-up points and automated self-service kiosks to accommodate delivery of goods across Russia. Its retailer customers can utilize software to display delivery options, including price and time of delivery on their Website.
Yandex’s Classifieds business unit includes Auto.ru, Yandex.Auto, Yandex.Realty, Yandex.Jobs and Yandex.Travel. Auto.ru is the automobile-related Russian Website with approximately 20 m illion monthly visitors and over 60 million monthly visits. ! Auto.ru a! llows users, both private individuals, as well as auto dealers, to post listings of automobiles, motorcycles and commercial vehicles. Auto.ru offers a range of filters that allows potential buyers to find the exact item they are looking for. Auto.ru is also available on mobile through the mobile Web and as applications in iOS and Android. Yandex.Realty is its real estate classifieds service, acting as both an aggregator of advertisements from other Websites and a place where private individuals and realtors can place their listings directly. The service provides listings for both sale and rental of apartments, rooms, houses and vacation homes. Yandex.Realty is also available as an application for iOS and Android.
Yandex.Jobs is a service for job seekers that is available as a mobile application for Android and iOS. Yandex.Travel allows users to search for a vacation using multiple criteria. It provides information, such as hotel reviews that it generates using i ts fact extraction technology.
Yandex.Taxi is a transportation service. It offers services in Moscow, Saint Petersburg, and other cities. The Company operates its service in approximately 10 cities across Russia, including Yekaterinburg, Perm, Novosibirsk, Samara, Sochi and many others.
The Company’s Media services unit consists of a range of services that provide its users with streaming audio and video, entertainment and hyperlocal weather data. It includes KinoPoisk.ru, Yandex.Music, Yandex.Radio, and Yandex.Afisha and Yandex.Tickets. KinoPoisk.ru. is a Russian language Website dedicated to movies, television programs and celebrities. The service allows users to read user-generated film reviews, discover the most popular movies, watch trailers, get movie news and personalized recommendations, as well as show times and tickets. Its new version of KinoPoisk is focused on the online cinema concept, aggregat ing licensed video content from various Russian online cinem! as. Yande! x.Music is its music streaming service, which is offered as both a Web service and an application for over three mobile platforms. It offers millions of tracks from both global publishers and indie groups. Its tool helps users navigate a range of songs and albums, as well as to discover new music. The Web version is accessible free of charge, while the mobile application offers music streaming and various additional functions, including music downloads, for a monthly fee after a trial period.
Yandex.Radio is a media player service, which allows users to listen to music that suits their tastes and current activity. It shares the latter’s catalog of approximately 20 million tracks. Yandex.Afisha (playbill) allows user to select entertainment from a range of options. The service provides its users an opportunity to buy tickets to cinemas, theaters and concerts online. It incorporates personalized recommendations and operates in over 40 cities across Russia.
The Company competes with Google, Mail.ru, Microsoft, Yahoo!, Begun, Facebook, Twitter, Odnoklassniki, My World services, Gett, Uber, Aliexpress, Avito, CIAN and Drom.ru.
- [By Monica Gerson]
Benzinga's newsdesk monitors options activity to notice unusual patterns. These large volume (and often out of the money) trades were initially published intraday in Benzinga Professional . These trades were placed during Monday’s regular session.
Pier 1 Imports Inc (NYSE: PIR) Dec16 5.0 Puts Sweep: 1191 @ ASK $0.80: 1354 traded vs 102 OI: $5.32 Ref Alcoa Inc (NYSE: AA) Jul16 9.5 Puts Sweep: 1494 @ ASK $0.13: 14k traded vs 6682 OI: $10.09 Ref Sarepta Therapeutics Inc (NASDAQ: SRPT) Jul16 10.0 Puts: 3536 @ ASK $0.50: 5506 traded vs 54k OI: Earnings 8/4 $22.50 Ref Tableau Software Inc (NYSE: DATA) Jul16 47.5 Puts Sweep: 837 @ ASK $0.30: 995 traded vs 37 OI: Earnings 8/3 $50.60 Ref Yandex NV (NASDAQ: YNDX) Aug16 18.0 Puts Sweep: 532 @ ASK $0.30: 2143 traded vs 78 OI: Earnings 7/28 Before Open $22.02 Ref Wolverine World Wide, Inc. (NYSE: WWW) Aug16 22.5 Puts: 719 @ ASK $1.35: 1032 traded vs 0 OI: Earnings 7/19 $22.22 Ref Conn's Inc (NASDAQ: CONN) Jan17 5.0 Puts Sweep: 605 @ ASK $0.85: 1355 traded vs 3132 OI: $7.16 Ref
Posted-In: Huge Put PurchasesNews Options Markets
Top 10 Communications Equipment Companies To Watch For 2017: NRG Energy Inc.(NRG)
NRG Energy, Inc., together with its subsidiaries, operates as a wholesale power generation company. The company engages in the ownership, development, construction, and operation of power generation facilities. It also involves in the transacting in and trading of fuel and transportation services; the trading of energy, capacity, and related products in the United States and internationally; and the supply of electricity, energy services, and cleaner energy and carbon offset products to retail electricity customers in deregulated markets. The company operates natural gas- fired, coal- fired, oil-fired, nuclear, solar, and wind power plants. As of December 31, 2010, it had power generation portfolio of 193 operating fossil fuel and nuclear generation units with an aggregate generation capacity of approximately 24,570 megawatt (MW), as well as ownership interests in renewable facilities with an aggregate generation capacity of 470 MW. The company portfolio also includes appr oximately 24,035 MW generation capacity in the United States, and 1,005 MW generation capacity in Australia and Germany. In addition, it has a district energy business with steam and chilled water capacity of approximately 1,140 megawatts thermal equivalent. NRG Energy, Inc. was founded in 1989 and is headquartered in Princeton, New Jersey.
- [By Lisa Levin]
In trading on Friday, utilities shares rose by just 0.1 percent. Meanwhile, top losers in the sector included NRG Energy Inc (NYSE: NRG), down 4 percent, and Calpine Corporation (NYSE: CPN), down 7 percent.
Top 10 Communications Equipment Companies To Watch For 2017: Lennox International, Inc.(LII)
Lennox International Inc. (LII), incorporated on August 13, 1991, is a global provider of climate control solutions. The Company designs, manufactures and markets a range of products for the heating, ventilation, air conditioning and refrigeration (HVACR) markets. The Company operates in three segments: Residential Heating & Cooling; Commercial Heating & Cooling, and Refrigeration. The Company sells its products and services through a combination of direct sales, distributors and company-owned parts and supplies stores. Its products and services are sold through various distribution channels under various brand names.
Residential Heating & Cooling
The Company manufactures and markets a range of furnaces, air conditioners, heat pumps, packaged heating and cooling systems, equipment and accessories to improve indoor air quality, comfort control products, replacement parts and related products for both the residential replacement and new construction markets in North America. The Lennox and Aire-Flo brands are sold directly to a network of approximately 7,000 independent installing dealers. The Allied Air Enterprise brands (Armstrong Air, Air-Ease, Concord, Ducane and Magic-Pak) include a line of heating and air conditioning products and are sold through independent distributors in North America.
The Company is engaged in growing its network of approximately 190 Lennox PartsPlus stores across the United States and Canada. These stores provide an access solution for contractors and independent dealers to obtain universal service and replacement parts, supplies, convenience items, tools, Lennox equipment and original equipment manufacturer (OEM) parts. Its Advanced Distributor Products (ADP) operation builds evaporator coils and air handlers under the ADP Advanced Distributor Products brand, as well as the Lennox brand. ADP sells its own ADP branded evaporator coils to over 400 HVAC wholesale distributors acr oss North America, as well as a line of evaporator coils to ! Allied Air Enterprise.
The Company competes with United Technologies Corp., Ingersoll-Rand plc, Paloma Industries, Inc., Johnson Controls, Inc., Daikin Industries, Ltd. and Nortek, Inc.
Commercial Heating & Cooling
In North America, the Company manufactures and sells unitary heating and cooling equipment used in light commercial applications, such as low-rise office buildings, restaurants, retail centers, churches and schools. The Company’s product offerings for these applications include rooftop units ranging from 2 to 50 tons of cooling capacity and split system/air handler combinations, which range from 1.5 to 20 tons of cooling capacity. These products are distributed primarily through commercial contractors and directly to national account customers. It also includes Lennox-branded variable refrigerant flow (VRF) commercial products through Lennox company-owned distribution. Its National Account Services (NAS) provides installation , service and preventive maintenance for commercial HVAC national account customers in the United States and Canada.
In Europe, the Company manufactures and sells unitary products, which range from 2 to 70 tons of cooling capacity, and applied systems with approximately 200 tons of cooling capacity. The Company’s European products consist of small package units, rooftop units, chillers, air handlers and fan coils that serve medium-rise commercial buildings, shopping malls, other retail and entertainment buildings, institutional applications and other field-engineered applications. The Company manufactures heating and cooling products in several locations in Europe and markets these products through both direct and indirect distribution channels in Europe, Russia, Turkey and the Middle East.
The Company competes with United Technologies Corp., Ingersoll-Rand plc, Paloma Industries, Inc., Johnson Controls, Inc., Daikin Industries, Ltd., Nortek, Inc. a nd AAON, Inc.
The Co! mpany man! ufactures and markets equipment for the global commercial refrigeration markets under the Heatcraft Worldwide Refrigeration name. The Company sells these products to distributors, installing contractors, engineering design firms, original equipment manufacturers and end-users. Its global manufacturing, distribution, sales and marketing footprint serves customers in over 70 countries across the world. The Company’s commercial refrigeration products for the North American market include condensing units, unit coolers, fluid coolers, air-cooled condensers, air handlers, display cases and refrigeration rack systems. These products preserve food and other perishables in supermarkets, convenience stores, restaurants, warehouses and distribution centers. In addition, its products are used to cool a range of industrial processes, including data centers, machine tooling and other critical cooling applications. The Company provides application engineering for consulting engineers, con tractors, store planners, end customers and others to support the sale of commercial refrigeration products. In addition to providing refrigeration systems and display cases, it also provides installations for its supermarket customers in Mexico.
In international markets, the Company manufactures and markets refrigeration products, including condensing units, unit coolers, air-cooled condensers, fluid coolers, compressor racks and industrial process chillers. It has manufacturing locations in Germany, France, Brazil and China. In Australia and New Zealand, the Company is has a wholesale distribution business serving the HVACR industry with over 60 locations serving its customers, which also includes the sale of refrigerant. In addition, the Company owns a common stock interest in a joint venture in Mexico that produces unit coolers, air-cooled condensers, condensing units, compressors and compressorized racks.
The Company competes with Hussmann Corp oration, Paloma Industries, Inc., Emerson Electric Co., Unit! ed Techno! logies Corp., GEA Group, Alfa Laval, Guntner GmbH and Panasonic Corp.
- [By Greg Williamson]
Watsco’s current P/E of 24.5 is in the same ballpark as its competitor Lennox International (NYSE: LII ) (NYSE: LII ) (NYSE: LII ) , whose P/E is 23.8. Lennox is a manufacturer of HVAC equipment and components, and will also benefit from HVAC industry tailwinds.
Top 10 Communications Equipment Companies To Watch For 2017: Oaktree Capital Group, LLC(OAK)
Oaktree Capital Group, LLC operates as a global investment management firm that focuses on alternative markets. It manage investments in a number of strategies within six asset classes, including distressed debt; corporate debt, including high yield debt and senior loans; control investing; convertible securities; real estate; and listed equities. The company pursues these strategies through closed-end, open-end, and evergreen funds. Oaktree Capital Group, LLC was founded in 1995 and is headquartered in Los Angeles, California.
- [By Igor Greenwald, Financial Columnist, The Energy Strategist]
Oaktree Capital Group (OAK) raises most of the funds it invests in companies, credit, and real estate from institutional investorsincluding public pension fundsand charges them hedge-like fees for the privilege.
Top 10 Communications Equipment Companies To Watch For 2017: Culp, Inc.(CFI)
Culp, Inc., incorporated on March 16, 1972, is a producer of mattress fabrics in North America. The Company is engaged in the manufacture, sourcing and marketing of mattress fabrics and sewn covers used for covering mattresses and box springs, and upholstery fabrics, including cut and sewn kits used in production of upholstered furniture. The Company operates through two segments, including mattress fabrics (Culp Home Fashions) and upholstery fabrics. The Company markets a range of fabrics in the categories, including fabrics produced at its manufacturing facilities and fabrics produced by other suppliers to the customers across the globe. As of May 3, 2015, the Company had 13 manufacturing plants and distribution facilities located in North and South Carolina; Quebec, Canada, and Shanghai, China. The Company operates its distribution centers in North Carolina and Shanghai, China.
Mattress Fabrics Segment
The Company’s mattress fabrics segment man ufactures and markets mattress fabric and mattress covers to bedding manufacturers. The Company’s products include products include woven jacquard fabrics, knitted fabrics, and some converted fabrics. The mattress fabrics segment operates four manufacturing plants, with two located in Stokesdale, North Carolina, and one each in High Point, North Carolina, and St. Jerome, Quebec, Canada. Its Stokesdale plant and the St. Jerome plant manufacture and finish jacquard (damask) fabric. Its Stokesdale plant also finishes knitted fabric. Its High Point and St. Jerome facilities are engaged in the manufacture of knitted mattress fabrics. Its second plant in Stokesdale is engaged in the production of cut and sewn mattress covers. The Company’s sourcing capacity is located in Turkey and China. The Company, through Culp-Lava Applied Sewn Solutions (CLASS), is engaged in production and marketing of sewn mattress covers. The mattress fabrics segment sells fabrics in roll form and as sewn mattress covers.
The Company competes with Beka! ert Textiles B.V. and Global Textile Alliance.
Upholstery Fabrics Segment
The Company’s upholstery fabrics segment markets fabrics for residential and commercial furniture, including jacquard woven fabrics, velvets, microdenier suedes, woven dobbies, knitted fabrics, piece-dyed woven products and polyurethane leather look fabrics. The Company operates one upholstery manufacturing facility in the United States and four in China. The Company also markets a range of upholstery fabrics sourced from third party producers in China. Its China facilities near Shanghai include fabric sourcing, finishing, warehousing, quality control and inspection operations, as well as a plant where sourced fabrics are cut and sewn into kits. The Company’s United States facility in South Carolina produces a range of woven upholstery fabrics, including velvets and certain decorative fabrics. The upholstery fabrics segment sells its products in roll form, and as cut and sewn kits. The Company sources unfinished and finished fabrics, as well as a portion of its cut and sewn kits, from suppliers in China.
The Company competes with Bekaert Textiles B.V., Global Textile Alliance, Richloom Fabrics, Merrimack Fabrics, Morgan Fabrics and Specialty Textile, Inc.
- [By Ben Levisohn]
Our analysis around past CEO transitions shows that in the absence of an inherited bubble, or milked portfolio, both of which are factually absent here when looking at the numbers, balance sheet matters ((Danaher (DHR)) from Culp (CFI) to Joyce/3M (MMM) from Buckley to Thulin), and here incoming CEO Adamczyk has a bazooka at his disposal, a dramatic differentiator. With these resources, stepping away from the 10% EPS growth target would be unnecessarily conservative, and a major misstep early on, as we see plenty of smart ways to enhance long term growth while at the same time maintaining earnings visibility, the most important determinant of a premium multiple in this sector. Honeywell is our top pick.
Top 10 Communications Equipment Companies To Watch For 2017: Unifi, Inc.(UFI)
Unifi, Inc., incorporated on January 8, 1969, is a manufacturing company. The Company processes and sells commodity yarns, specialized yarns and premier value-added (PVA) yarns. The Company operates through three segments: Polyester segment, Nylon segment and International segment. The Company’s polyester products include polyester polymer beads (Chip), partially oriented yarn (POY), textured, solution and package dyed, twisted, beamed and draw wound yarns, which is available in virgin or recycled varieties (the latter made from both pre-consumer yarn waste and post-consumer waste, including plastic bottles). The Company’s nylon products include textured, solution dyed and spandex covered products. The Company’s principal geographic markets for its products are located in the United States, Canada, Mexico, Central America and South America.
The Company’s Polyester segment manufactures Chip, POY, textured, dyed, twisted, beamed and draw w ound yarns, both virgin and recycled, with sales primarily to other yarn manufacturers and knitters and weavers that produce yarn and/or fabric for the apparel, hosiery, automotive upholstery, home furnishings, industrial and other end-use markets. The Polyester Segment consists of sales and manufacturing operations in the United States and El Salvador.
The Company’s Nylon segment manufactures textured yarns (both nylon and polyester) and spandex covered yarns, with sales to knitters and weavers that produce fabric primarily for the apparel and hosiery markets. The Nylon Segment consists of sales and manufacturing operations in the United States and Colombia.
The Company’s International segment offers products, including textured polyester, and various types of resale yarns and staple fiber. The International Segment sells its yarns to knitters and weavers that produce fabric for the apparel, automotive upholstery, home furnishings, industrial and other end-use m! arkets primarily in the South American and Asian regions. It also includes a manufacturing location and sales offices in Brazil and a sales office in China.
The Company competes with O’Mara, Inc., NanYa Plastics Corp. of America, AKRA, S.A. de C.V., C S Central America S.A. de C.V., Avanti Industria Comercio Importacao e Exportacao Ltda., Polyenka Ltda., Sapona Manufacturing Company, Inc. and McMichael Mills, Inc.
- [By Lisa Levin]
Unifi, Inc. (NYSE: UFI) shares were also up, gaining 18 percent to $26.92 as the company announced Q3 earnings of $0.56 per share on revenue of $161.3 million.