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With its alliterative moniker, the Panama Papers scandal has brought to light a colossal calumny of massive proportions.
The gargantuan document leak published by the International Consortium of Investigative Journalists indicts a "clandestine network" including Russia's President Vladimir Putin, a FIFA ethics committee member and other individuals previously accused for corruption by the United States.
Top 10 Industrial Disributor Companies To Watch For 2016: Kronos Worldwide Inc(KRO)
Kronos Worldwide, Inc. produces and markets titanium dioxide pigments (TiO2) worldwide. It produces TiO2 in two crystalline forms, rutile and anatase to impart whiteness, brightness, opacity, and durability for products, paints, coatings, plastics, paper, fibers, and ceramics, as well as for various specialty products, such as inks, food, and cosmetics. The company also provides ilmenite, a raw material used directly as a feedstock by sulfate-process TiO2 plants; iron-based chemicals, which are co-products and processed co-products of the sulfate and chloride process TiO2 pigment production used as treatment and conditioning agents for industrial effluents and municipal wastewater, as well as in the manufacture of iron pigments, cement, and agricultural products; and titanium oxychloride and titanyl sulfate that are side-stream specialty products from the production of TiO2 under the Kronos brand name. The companys titanium oxychloride is used in the formulation of pearlescent pigments and production of electroceramic capacitors for cell phones and other electronic devices; and titanyl sulfate is used in pearlescent pigments, natural gas pipe, and other specialty applications. In addition, it sells and provides technical services for its products. The company sells its products through distributors and agents to paint, plastics, decorative laminate, and paper manufacturers. The company is headquartered in Dallas, Texas. Kronos Worldwide, Inc. is a subsidiary of Valhi, Inc.
- [By Monica Gerson]
Kronos Worldwide, Inc. (NYSE: KRO) is projected to post a quarterly loss at $0.13 per share on revenue of $308.50 million.
Energen Corporation (NYSE: EGN) is estimated to post a quarterly loss at $0.67 per share on revenue of $122.91 million.
Top 10 Industrial Disributor Companies To Watch For 2016: Euro FX(P)
Ecopetrol S.A. operates as an integrated oil company in Colombia, Peru, Brazil, and the U.S. Gulf Coast. The company engages in the exploration, development, and production of crude oil and natural gas. As of December 31, 2010, its proved reserves of crude oil and natural gas consisted of 1,714.0 million barrels of oil equivalent. The company also transports crude oil, motor fuels, fuel oil, and other refined products, as well as mixture of diesel and palm oil. It owns transportation network consisting of 3,003 kilometers of crude oil pipeline directly, as well as an additional 2,178 kilometers of crude oil pipeline with its business partners; and 3,017 kilometers of multi-purpose pipelines for transportation of refined products from refinery to wholesale distribution points. As of the above date, Ecopetrol S.A. owned 58 stations with a nominal storage capacity of 19 million barrels of crude oil and 6 million barrels of refined products. In addition, the company owns and o perates refineries that produce a range of refined products, including gasoline, diesel, kerosene, jet fuel, aviation fuel, liquefied petroleum gas, sulfur, heavy fuel oils, motor fuels, and petrochemicals, including paraffin waxes, lube base oils, low-density polyethylene, aromatics, asphalts, alkylates, cyclohexane and aliphatic solvents, and refinery grade propylene, as well as provides industrial services to third parties. Further, it markets various refined and feed stock products, including regular and high octane gasoline, diesel fuel, jet fuel, natural gas, and petrochemical products. The company was formerly known as Empresa Colombiana de Petroleos and changed its name to Ecopetrol S.A. in June 2003. Ecopetrol S.A. was founded in 1948 and is based in Bogota, Colombia.
- [By Monica Gerson]
Pandora Media (NYSE: P) dipped 3.08% to $23.25 in the pre-market session as the company announced its plans to sell 14 million shares of common stock, including 4 million shares from current stockholders.
- [By Paul Ausick]
Stocks on the move: Nokia Corp. (NYSE: NOK) is up 6.7% at $6.35. Pandora Media Inc. (NYSE: P) is up 12.1% at $23.95 after naming a new CEO. The Walt Disney Co. (NYSE: DIS) is up 2.4% at $65.49 after announcing a new buyback program. The ExOne Co. (NASDAQ: XONE) is down 11.4% at $55.49 after a secondary offering.
Top 10 Oil Service Companies To Own For 2016: Toll Brothers Inc.(TOL)
Toll Brothers, Inc., together with its subsidiaries, designs, builds, markets, and arranges finance for single-family detached and attached homes in luxury residential communities. It is also involved in building or converting existing rental apartment buildings into high-, mid-, and low-rise luxury homes. In addition, the company develops, owns, and operates golf courses and country clubs associated with various planned communities, as well as individual communities. It serves move-up, empty-nester, active-adult, age-qualified, and second-home buyers in 19 states in the United States. Toll Brothers, Inc. was founded in 1967 and is headquartered in Horsham, Pennsylvania.
- [By George Putnam, Editor, New Generation Research, Inc.]
Steve Halpern: Now, another company that you talk about is Toll Brothers (TOL), which focuses on the higher-end of the home market, as well as condominiums. Do you think there’s still opportunity with TOL?
- [By Eileen Rojas]
Toll Brothers has rising sales volume and unit prices
For the third quarter ended on July 31, Toll Brothers’ (NYSE: TOL ) net income was $46.6 million, or $0.26 per share. The latest income figures were down 24% from last year’s third-quarter results of $61.6 million, or $0.36 per share. The company’s total quarterly revenues were $689.2 million, up 24% over last year, and homebuilding deliveries were 1,059 units, up 10% compared to the same period last year.
- [By Jim Powell]
Steve Halpern: You mentioned home builders and one that you’ve been bullish on is Toll Brothers (TOL). Do you still like that stock?
Jim Powell: I certainly do. It’s in there for the long haul. They’ve made some really good strategic decisions. One of the trends that I’ve been following is the millennial generation and what their habits are and what their preferences are.
Top 10 Industrial Disributor Companies To Watch For 2016: Integrated Device Technology, Inc.(IDTI)
Integrated Device Technology, Inc. designs, develops, manufactures, and markets a range of semiconductor solutions for the communications, computing, and consumer industries worldwide. It operates in two segments, Communications, and Computing and Consumer. The Communications segment offers communication timing products, such as clocks and timing solutions; flow-control management devices comprising Serial RapidIO switching solutions; multi-port products; telecommunications products; static random access memory products; first in and first out memories; digital logic products; radio frequency products; and MEMS oscillator solutions. The Computing and Consumer segment provides clock generation and distribution products, programmable timing devices, computing timing solutions, high-performance server memory interfaces, PCI Express switching solutions, power management solutions, and signal integrity products. The company markets its products primarily to original equipment manufacturers through various channels, including direct sales, distributors, electronic manufacturing suppliers, and independent sales representatives. Integrated Device Technology, Inc. was founded in 1980 and is headquartered in San Jose, California.
- [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.
Twitter Inc (NYSE: TWTR) Jan17 22.0 Calls: 20500 @ ASK $1.20: 22k traded vs 2041 OI: Earnings 7/26 After Close $17.63 Ref Antero Resources Corp (NYSE: AR) Aug16 25.0 Calls: 7500 @ ASK $2.30: 11k traded vs 560 OI: Earnings 8/3 $26.06 Ref Mobileye NV (NYSE: MBLY) Fri 7/22 52.0 Calls (Wkly) Sweep: 1000 @ ASK $0.50: 1003 traded vs 0 OI: Earnings 8/4 $48.50 Ref Cliffs Natural Resources Inc (NYSE: CLF) 7/29 8.0 Calls (Wkly) Sweep: 1000 @ ASK $0.15: 1000 traded vs 1 OI: Earnings 7/28 Before Open $6.83 Ref Integrated Device Technology Inc (NASDAQ: IDTI) Nov16 22.0 Calls Sweep: 1520 @ ASK $1.85: 1520 traded vs 67 OI: Earnings 8/1 $20.64 Ref Fortuna Silver Mines Inc (NYSE: FSM) Aug16 7.5 Calls: 2496 @ ASK $1.65: 2502 traded vs 162 OI: Earnings 8/5 $8.81 Ref Melco Crown Entertainment Ltd (ADR) (NASDAQ: MPEL) 7/29 13.0 Calls (Wkly): 4300 @ ASK $0.30: 7000 traded vs 10 OI: Earnings 8/4 $12.22 Ref
Posted-In: Huge Call PurchasesNews Options Markets
Top 10 Industrial Disributor Companies To Watch For 2016: Credit Suisse Group(CS)
Credit Suisse Group AG, together with its subsidiaries, operates as a financial services company. The company operates in three segments: Private Banking, Investment Banking, and Asset Management. The Private Banking segment offers advisory services and a range of wealth management solutions, including pension planning, life insurance products, tax planning, and wealth and inheritance advice for the high-net-worth and ultra-high-net-worth individuals. This segment also supplies banking products and services to affluent, high-net-worth and ultra-high-net-worth clients, and corporates and institutions. The Investment Banking segment provides investment banking and securities products and services to corporations, governments, pension funds, and institutions. Its products and services include debt and equity underwriting, sales and trading, mergers and acquisitions advice, divestitures, corporate sales, restructuring, and investment research. The Asset Management segment offe rs integrated investment solutions and services to institutions, governments, foundations and endowments, corporations, and individuals. It provides access to a range of investment classes across alternative investment, asset allocation, and traditional investment strategies. The company operates in Switzerland, Europe, the Middle East, Africa, the Americas, and the Asia Pacific. Credit Suisse Group AG was founded in 1856 and is headquartered in Zurich, Switzerland.
- [By Wayne Duggan] Related DB Deutsche Bank In The Tank Mike Khouw Sees Unusual Options Activity In Deutsche Bank 33 Large Banks On The Federal Reserve's Radar In 2016 (Seeking Alpha) Related CS Earnings Scheduled For February 4, 2016 Blockchain Moves Forward In The Financial Industry Credit Suisse Group AG (CS) Tidjane Thiam on Q4 2015 Results – Earnings Call Transcript (Seeking Alpha)
The latest credit default swap (CDS) data from BMO Capital Markets indicate a number of investors are growing increasingly concerned about the one-year outlook for capital markets. In a new report, analyst Mark Steele discussed the recent surge in one-year CDS activity, and what it means for the market.
- [By Paul R. La Monica]
European banks worse off than 2008? Lamensdorf is concerned about the exposure to bad loans (especially energy company debt) held by big banks such as Royal Bank of Scotland (RBS), Credit Suisse (CS) and Deutsche Bank (DB). He’s shorting all three.
Top 10 Industrial Disributor Companies To Watch For 2016: Covanta Holding Corporation(CVA)
Covanta Holding Corporation, incorporated on April 16, 1992, is a holding company. The Company, through its subsidiaries, owns and operates infrastructure for the conversion of waste to energy, as well as other waste disposal and renewable energy production businesses. The Company operates through North America segment, which consists of waste and energy services operations located primarily in the United States and Canada. The energy-from-waste (EfW) serves over two markets as both a sustainable waste management solution and as a source of clean energy.
The Company processes approximately 20 million tons of solid waste annually. The Company operates and/or have ownership positions in over 45 EfW facilities, which are primarily located in North America, and over 10 additional energy generation facilities, including other renewable energy production facilities in North America (wood biomass and hydroelectric). In total, these assets produce approximately 10 mil lion megawatt hours (MWh) of baseload electricity annually. It also operates waste management infrastructure, including over 20 waste transfer stations, 10 environmental services facilities, four landfills (primarily for ash disposal) and one metals processing facility. The Company is constructing an EfW facility in Dublin, Ireland. The Company holds equity interests in EfW facilities in China and Italy.
The Company’s energy-from-waste facilities produce energy through the combustion of non-hazardous municipal solid waste (MSW) in power plants. The Company operates EfW projects in approximately 20 states and over two Canadian provinces. Based on the applicable contract structure at a project, the EfW projects can generally be divided into over three categories, such as tip fee projects; service fee projects that it own, and service fee projects that it do not own but operate on behalf of a municipal owner. The tip fee projects include approximately 20 facilities ; service fee (owned) projects include over five facilities,! and service fee (operated) projects include approximately 20 facilities. Its energy-from-waste assets include tip fee structures, such as Hempstead, Lake County, Camden and Bristol; service fee (owned) structures, such as Babylon, Southeast Connecticut and Marion County, and service fee (operated) structures, such as Lee County, York County, Burnaby, MacArthur and Pasco County.
- [By Ian Wyatt, Publisher & Chief Investment Strategist, Wyatt Investment Research]
Both of these stocks are overlooked, undervalued, and cash flow machines. The companies are Ascent Capital Group (ASCMA) and Covanta Holdings (CVA).
Top 10 Industrial Disributor Companies To Watch For 2016: Sotheby's(BID)
Sothebys operates as an auctioneer of authenticated fine art, decorative art, jewelry, wine, and collectibles in the United States, the United Kingdom, China, France, Switzerland, and internationally. The company operates through two segments, Agency and Finance. The Agency segment accepts property on consignment; and matches buyers and sellers of authenticated fine art, decorative art, jewelry, wine, and collectibles through the auction or private sale process. It is also involved in the sale of artworks; and operation of an auction house for investment-quality automobiles. The Finance segment offers art-related financing services to various collectors and art dealers. This segment provides secured loans, including advances secured by consigned property to borrowers who are contractually committed to sell the property in the near term; and general purpose term loans secured by property not presently intended for sale. The c ompany is also involve d in the retail wine operations; licensing Sothebys International Realty and related trademarks; and licensing its Sothebys brand name for use in connection with the art auction business in Australia, and art education n services in the United States and the United Kingdom. Sothebys was founded in 1744 and is headquartered in New York, New York.
- [By Marshall Hargrave]
Now Loeb's looking to put that capital to work in other markets, with the art market being a perfect candidate. Loeb and his Third Point hedge fund have started their latest activist campaign with leading auction house Sotheby's (NYSE: BID). Loeb joins fellow activist investor Marcato Capital in the stock.
Top 10 Industrial Disributor Companies To Watch For 2016: Raytheon Company(RTN)
Raytheon Company, together with its subsidiaries, provides electronics, mission systems integration, and other capabilities in the areas of sensing, effects, and command, control, communications, and intelligence systems, as well as mission support services in the United States and internationally. It operates in six segments: Integrated Defense Systems, Intelligence and Information Systems, Missile Systems, Network Centric Systems, Space and Airborne Systems, and Technical Services. The Integrated Defense Systems segment provides integrated naval, air, and missile defense and civil security response solutions. The Intelligence and Information Systems segment offers intelligence, surveillance and reconnaissance, advanced cyber solutions, weather and environmental solutions, and information-based solutions for law enforcement and homeland security. The Missile Systems segment develops and produces weapon systems, including missiles, smart munitions, close-in weapon systems, projectiles, kinetic kill vehicles, and directed energy effectors for the armed forces of the U.S. and other allied nations. The Network Centric Systems segment provides net-centric mission solutions, including integrated communications systems, command and control systems, combat systems, and operations and precision components for the U.S. federal, state, and local government customers, as well as civil customers. The Space and Airborne Systems segment designs and develops integrated systems and solutions for missions, including intelligence, surveillance, and reconnaissance; precision engagement; unmanned aerial operations; and space. The Technical Services segment provides training, logistics, engineering, product support, and operational support services for the mission support, homeland security, space, civil aviation, counterproliferation, and counterterrorism markets. Raytheon Company was founded in 1922 and is based in Waltham, Massachusetts.
- [By Chad Tracy]
Raytheon (NYSE: RTN) Raytheon is currently trading at a slightly higher cost, with a P/E ratio of 12 and a P/B ratio of 3. With a yield of 2.7%, the company has an impressive history of raising dividends over the past five years. During the same period, it has reduced its outstanding share count by almost 100 million shares since 2008, to 329 million.
Raytheon's primary strength lies in its international sales. Customers include the United Arab Emirates, Saudi Arabia, Taiwan, Turkey, Oman, Kuwait and India. Overseas sales, which make up about a quarter of total revenue, should help the company lock in profits should domestic spending continue to decline.
Top 10 Industrial Disributor Companies To Watch For 2016: Lands' End, Inc.(LE)
Lands’ End, Inc. (Lands’ End), incorporated on August 19, 1986, is a multi-channel retailer of casual clothing, accessories and footwear, as well as home products. The Company operates through two segments: Direct and Retail. The Company offers products through catalogs, online at www.landsend.com.
The Direct segment sells products through the Company’s e-commerce Websites, international Websites and direct mail catalogs. The Retail segment sells products and services through Lands’ End Shops at Sears across the United States, the Company’s standalone Lands’ End Inlet stores and international shop-in-shops. The Company’s retail properties consist of approximately 227 Lands’ End Shops at Sears, which averages approximately 7,700 square feet, 14 Lands’ End Inlet stores, which averages approximately 9,300 square feet, and over five shop-in-shops in the United Kingdom.
The Company’s product categories include Apparel and Non-apparel. The Non-apparel c ategory offers accessories, footwear and home goods. The Company provides embroidery, monogramming, gift wrapping, shipping and other services. It offers products for men, women and kids. It offers swimsuits, knit tops and tees, shirts and blouses, sweaters, pants, jeans, shorts, dresses, skirts, activewear, coats, sleepwear, shoes, accessories and bags for women. It offers dress shirts, casual shirts, polo shirts, knit tops and tees, shoes, bags, sweaters, swimwear and accessories for men. It offers swimsuits, tops, blazers and jackets, outerwear, and pants and leggings for kids. In addition, the Company offers sheets and pillowcases, duvet covers and comforters, blankets and throws, mattress pads, towels, rugs and mats, school uniforms and shower curtains.
- [By Monica Gerson]
Lands’ End, Inc. (NASDAQ: LE) is estimated to report its quarterly earnings at $0.02 per share on revenue of $293.24 million.
Posted-In: Earnings scheduleEarnings News Pre-Market Outlook Markets
Top 10 Industrial Disributor Companies To Watch For 2016: Renesola Ltd.(SOL)
ReneSola Ltd, together with its subsidiaries, engages in the manufacture and sale of solar wafers and solar power products. It offers virgin polysilicons, monocrystalline and multicrystalline solar wafers, and photovoltaic cells and modules. The company also provides cell and module processing services. Its products are used in a range of residential, commercial, industrial, and other solar power generation systems. The company sells its solar wafers primarily to solar cell and module manufacturers. It principally operates in Mainland China, Singapore, Taiwan, Hong Kong, Korea, India, Australia, Germany, Italy, Spain, Belgium, France, the Czech Republic, and the United States. The company was founded in 2003 and is based in Jiashan, the People?s Republic of China.
- [By Monica Gerson]
ReneSola Ltd. (ADR) (NYSE: SOL) is estimated to report a quarterly loss at $0.04 per share on revenue of $256.05 million.
America’s Car-Mart, Inc. (NASDAQ: CRMT) is projected to post its quarterly earnings at $0.58 per share on revenue of $149.13 million.