Top 5 Bank Stocks For 2017

Stocks are heading higher today after European Central Bank chief Mario Draghi called for coordinated central bank action to stabilize global markets in the wake of the Brexit vote.

Bloomberg News

S&P 500 futures have gained 1.2%, while Dow Jones Industrial Average futures have risen 1.2%. Nasdaq Composite futures have advanced 1.2%.

Allergan (AGN) has climbed 2% to $217.20 after getting added to the US 1 list at BofA Merrill Lynch.

Ensco (ESV) has jumped 2.4% to $9.29 after getting upgraded to Neutral from Negative at Susquehanna.

Tesla Motors (TSLA) has risen 1.2% to $200.99 despite getting cut to Hold from Buy at Argus.

Dow Chemical (DOW) has advanced 1.1% to $50.50 after announcing that it would fire 2,500 workers.

L Brands (LB) has dropped 1.6% to $64.20 after getting cut to Underperform from Neutral at BofA Merrill Lynch.

Top 5 Bank Stocks For 2017: Synta Pharmaceuticals Corp.(SNTA)

Advisors’ Opinion:

  • [By Lisa Levin]

    Synta Pharmaceuticals Corp. (NASDAQ: SNTA) shares were also up, gaining 61 percent to $0.393. Synta Pharmaceuticals announced plans to merge with privately-held Madrigal Pharmaceuticals.

Top 5 Bank Stocks For 2017: LightPath Technologies, Inc.(LPTH)

Advisors’ Opinion:

  • [By Jim Robertson]

    Today, our Under the Radar Moversnewsletter suggestedshorting small cap optical solutions manufacturing stockLightPath Technologies (NASDAQ: LPTH) in our short term portfolio:

Top 5 Bank Stocks For 2017: Bunge Limited(BG)

Advisors’ Opinion:

  • [By Cameron Swinehart]

    A diversified agriculture ETF with holdings in a variety of the largest agribusiness companies globally. Holdings include Bunge (BG), Archer Daniel Midland (AMD), PotashCorp (POT) and Deere (DE).

  • [By Lisa Levin]

    Wednesday afternoon, non-cyclical consumer goods & services shares gained by 0.26 percent. Meanwhile, top gainers in the sector included MGP Ingredients Inc (NASDAQ: MGPI), and Bunge Ltd (NYSE: BG).

  • [By David Sterman]

    He subsequently closed that position with a nice profit, and he should now check out rival Bunge (NYSE: BG), which in my view, holds better value. (I'll have more to say about Bunge in a separate column in coming weeks). 

Top 5 Bank Stocks For 2017: NEW GOLD INC.(NGD)

Advisors’ Opinion:

  • [By Dan Caplinger]

    The stock market lost ground on Monday, sending major market benchmarks lower by more than half a percentage point. The Dow lost its grip on the 20,000 mark in the wake of concerns about economic growth and new U.S. immigration policy, and some believe that the broader geopolitical climate could have a negative impact on global commerce that in turn could start affecting multinational corporations’ business prospects. In addition, bad news from some individual companies weighed on the markets, and Transocean (NYSE:RIG), Rite Aid (NYSE:RAD), and New Gold (NYSEMKT:NGD) were among the worst performers on the day. Below, we’ll look more closely at these stocks to tell you why they did so poorly.

Top 5 Bank Stocks For 2017: United Parcel Service Inc.(UPS)

Advisors’ Opinion:

  • [By Ben Levisohn]

    Shares of UPS (UPS) haven’t responded favorably to its earnings release–but at least one set of analysts sees UPS making life tough for FedEx (FDX) in the future.

    Bloomberg News

    UPS reported a profit of $1.43 a share, meeting analyst forecasts, on sales of 14.629 billion. Cowen’s Helane Becker and team reiterate their Market Perform rating but see opportunities for UPS to make life difficult for FedEx:

    We are reiterating our Market Perform rating and maintaining our $110 price target on the common shares of UPS. Our price target is based on 10.4x our 2016E EV/EBITDA (or 19.0x 2016E EPS). UPS will need to continue to invest in their European operations as competition will become fierce following FedEx’s acquisition of TNT. UPS management will also try to continue to lower their costs to serve the B2C market. B2C currently accounts for 45% of UPS’ package deliveries, and growth is 5x the B2B growth rate. This growth rate will increase the importance of consumer deliveries on overall results.

    UPS Increasing its European Capabilities to Stay Ahead of Competition: UPS continues to see strength in its International Package business as they have already built a large and profitable European delivery network. The strong dollar is helping to increase exports to the United States. UPS believes they are 25% of the way through the projects associated with their $2Bn capital investment plan to enhance their European operations. This plan automates facilities in Europe and increases capacity and speed throughout the network. Management believes this network has allowed them to outperform other competitors in the market. We believe these investments will help them maintain market share following the FedEx acquisition of TNT. FedEx is also intending to invest heavily in their TNT network to increase their service capabilities. We believe UPS is correctly investing in their European network to continue to stay ahead of their

  • [By Ben Levisohn]

    Retain Peer Perform.FedEx is trading at 12.5x forward P/E on our EPS, below its 10-year avg. of 15x and United Parcel Service (UPS) currently at 17x. So valuation is clearly attractive. However, we see EPS risk in F17 and few near-term catalysts outside of an improving macro environment. Our visibility to a rebound in Ground margins also remains low. Accordingly, we remain on the sidelines with a Peer Perform rating. Longer term, we see potential tailwinds in F18 from ramping TNT accretion and share gains ahead of UPSs Teamster labor negotiations.

  • [By David Zeiler]

    The 200 companies in the study include most major industries, including energy, banking, technology, healthcare, entertainment, and consumer goods. Many are household names, such as Microsoft Corp. (Nasdaq: MSFT), Verizon Communications Inc. (NYSE: VZ), McDonald’s Corp. (NYSE: MCD), United Parcel Service Inc. (NYSE: UPS), and Wal-Mart Stores Inc. (NYSE: WMT).

  • [By Chad Tracy]

    Unlike transportation industry titans FedEx (NYSE: FDX) or UPS (NYSE: UPS), C.H. Robinson does not own a fleet of trucks that transport goods. Instead, it specializes in logistics. Other companies hire C.H. Robinson to make their transportation services more efficient.