Stocks are rising this afternoon after Federal Reserve Chief Janet Yellen gave an ultra-dovish speech at the Economic Club of New York.
The S&P 500 has risen 0.5% to 2,046.99 at 1:51 p.m. today, while the Dow Jones Industrial Average has advanced 0.3% to 17,589.46. The Nasdaq Composite has gained 1.2% to 4,823.04.
Capital Economics’ Paul Ashworth contends the speech should end the argument over whether the Fed could hike in April:
This speech will presumably kill any speculation that the Fed might somehow raise rates in April. But we never thought that was a possibility anyway. It is much more likely that further increases in core inflation will prompt Yellen and her colleagues to admit that this pick-up is the real thing sometime around the middle of this year. After that, we expect the Fed to raise rates three times in the second half of this year, with the fed funds target range ending 2016 at between 1.00% and 1.25%.
Top 5 Industrial Conglomerate Companies To Invest In 2016: J.B. Hunt Transport Services Inc.(JBHT)
J.B. Hunt Transport Services, Inc., together with its subsidiaries, operates as a surface transportation, delivery, and logistics company in North America. It operates in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Full-Load Dry-Van (JBT), and Integrated Capacity Solutions (ICS). The JBI segment provides intermodal freight solutions, including origin and destination pickup and delivery services in the continental United States, Canada, and Mexico. This segment operates 45,666 pieces of company-controlled trailing equipment; and manages a fleet of 2,592 company-owned tractors. The DCS segment involves in the design, development, and execution of supply chain solutions, which support various transportation networks. This segment offers final mile delivery, replenishment, and specialized services supporting private fleet conversion, fleet creation, and transportation system augmentation. As of December 31, 2010, it operated 4,259 company-owned trucks, 357 customer-owned trucks, and 23 independent contractor trucks. The JBT segment provides full-load, dry-van freight services by utilizing tractors operating over roads and highways. It operated 1,697 company-owned tractors. The ICS segment provides non-asset, asset-light, and transportation logistics solutions. It offers flatbed, refrigerated, expedited, and less-than-truckload, as well as various dry-van and intermodal solutions. The company transports a range of freight, including general merchandise, specialty consumer items, appliances, forest and paper products, building materials, soaps and cosmetics, automotive parts, electronics, and chemicals. J.B. Hunt Transport Services, Inc. was founded in 1961 and is headquartered in Lowell, Arkansas.
- [By Lisa Levin]
Here is the list of stocks going ex-dividend on August 3, 2016.
J B Hunt Transport Services Inc (NASDAQ: JBHT) – $0.2200 dividend, 1.0791 percent yield Johnson Controls Inc (NYSE: JCI) – $0.2900 dividend, 2.6250 percent yield FirstEnergy Corp. (NYSE: FE) – $0.3600 dividend, 3.9680 percent yield Sunoco LP (NYSE: SUN) – $0.8255 dividend, 10.7347 percent yield Wells Fargo & Co (NYSE: WFC) – $0.3800 dividend, 3.1588 percent yield BP plc (ADR) (NYSE: BP) – $0.6000 dividend, 6.8768 percent yield American Airlines Group Inc (NASDAQ: AAL) – $0.1000 dividend, 1.1442 percent yield Heidrick & Struggles International, Inc. (NASDAQ: HSII) – $0.1300 dividend, 2.9834 percent yield Alcoa Inc (NYSE: AA) – $0.0300 dividend, 1.1321 percent yield Sensient Technologies Corporation (NYSE: SXT) – $0.2700 dividend, 1.5341 percent yield
Posted-In: Ex-DividendNews Dividends Markets Trading Ideas
Top 5 Industrial Conglomerate Companies To Invest In 2016: Plains All American Pipeline L.P.(PAA)
Plains All American Pipeline, L.P., through its subsidiaries, engages in the transportation, storage, terminalling, and marketing of crude oil, refined products, and liquid petroleum gas (LPG) products in the United States and Canada. The company operates in three segments: Transportation, Facilities, and Supply and Logistics. The Transportation segment transports crude oil and refined products on pipelines, gathering systems, trucks, and barges. As of December 31, 2011, this segment owned and leased 16,000 miles of active crude oil and refined products pipelines and gathering systems; 23 million barrels of above-ground tank capacity used primarily to facilitate pipeline throughput; 67 trucks and 382 trailers; and 82 transport and storage barges, and 44 transport tugs. The Facilities segment provides storage, terminalling, and throughput services for crude oil, refined products, and LPG and natural gas, as well as offers LPG fractionation and isomerization, and natural gas processing services. The Supply and Logistics segment purchases crude oil at the wellhead, and pipeline and terminal facilities; waterborne cargoes at their load port and various other locations in transit; and LPG from producers, refiners, and other marketers. This segment also resells or exchanges crude oil and LPG; and transports oil and LPG on trucks, barges, railcars, pipelines, and ocean-going vessels to various delivery points. It has 622 trucks and 731 trailers, and 2,453 railcars. The company also owns and operates natural gas storage facilities. Plains All American Pipeline, L.P. was founded in 1998 and is headquartered in Houston, Texas.
- [By Callum Turcan]
All American crude
Plains All American Pipeline (NYSE: PAA ) is also investing in Texas, and it recently snatched up some of Chesapeake’sassets in the Eagle Ford for $125 million . Plains bought 40 miles of pipelines, 15,000 barrels of existing storage capacity, 300,000 barrels of storage under construction and a truck unloadingterminal.
Top 10 Wireless Telecom Stocks To Watch For 2016: AFC Enterprises Inc.(AFCE)
AFC Enterprises, Inc. develops, operates, and franchises quick-service restaurants under the trade names of Popeyes Chicken & Biscuits and Popeyes Louisiana Kitchen. As of December 25, 2011, it operated and franchised 2,035 Popeyes restaurants in 45 states, the District of Columbia, Puerto Rico, Guam, the Cayman Islands, and 25 foreign countries. The company was founded in 1972 and is headquartered in Atlanta, Georgia.
- [By AnnaLisa Kraft]
AFC Enterprises (NASDAQ: AFCE ) , which owns the Popeye’s Louisiana Kitchen quick- serve chain, once an undiscovered gem, has now soared 66% over the last year.
Top 5 Industrial Conglomerate Companies To Invest In 2016: Amira Nature Foods Ltd(ANFI)
Amira Nature Foods Ltd. engages in processing, distributing, and marketing packaged Indian specialty rice, primarily basmati rice; and other food products. The company provides various types of basmati rice, specialty rice and value add meals, ready-to-eat snacks, ready to heat meals, edible oils, and organic products for retailers under the Amira brand; and non-basmati rice. It also sells bulk commodities, including wheat, barley, legume, maize, sugar, soybean meal, onion, potato, and millets to trading firms. Amira Nature Foods Ltd. sells its products to buyers in the Asia Pacific, the Middle East, Europe, North Africa, and North America; and distributors and retail chains in India. The company was founded in 1915 and is based in Dubai, the United Arab Emirates.
- [By Roberto Pedone]
Another earnings short-squeeze prospect is packaged specialty rice and other food products distributor Amira Nature Foods (ANFI), which is set to release numbers on next Monday after the market close. Wall Street analysts, on average, expect Amira Nature Foods to report revenue of $132.37 million on earnings of 32 cents per share.
The current short interest as a percentage of the float for Amira Nature Foods is extremely high at 26.6%. That means that out of 17.70 million shares in the tradable float, 4.72 million shares are sold short by the bears. The bears have also been increasing their bets from the last reporting period by 8.2%, or by 356,000 shares. If the bears get caught pressing their bets into a bullish quarter, then shares of ANFI could easily rip sharply higher post-earnings as the shorts move fast to cover some of their trades.
From a technical perspective, ANFI is currently trending above its 200-day moving average and just below its 50-day moving average, which is neutral trendwise. This stock just recently bounced higher off some near-term support at $15.25 a share. That bounce is starting to push shares of ANFI within range of triggering a near-term breakout trade post-earnings.
If you’re bullish on ANFI, then I would wait until after its report and look for long-biased trades if this stock manages to break out above some near-term overhead resistance levels at $17 to $17.98 a share and then above more resistance at $18.52 a share with high volume. Look for volume on that move that registers near or above its three-month average action of 174,102 shares. If that breakout develops post-earnings, then ANFI will set up to re-test or possibly take out its next major overhead resistance levels at $19.86 to $20.29 a share, or even its 52-week high at $25 a share.
I would simply avoid ANFI or look for short-biased trades if after earnings it fails to trigger that breakout and then drops back below some key near-term supp
Top 5 Industrial Conglomerate Companies To Invest In 2016: CIENA Corporation(CIEN)
Ciena Corporation provides equipment, software, and service solutions that support the transport, switching, aggregation, and management of voice, video, and data traffic on communications networks worldwide. Its product portfolio consists of packet-optical transport that includes optical transport solutions to increase network capacity and enable delivery of a broader mix of high-bandwidth services; and packet-optical switching, which comprise optical switching platforms incorporating multiservice and multi-protocol switching systems that enable automated optical infrastructures for the delivery of various enterprise and consumer-oriented network services. The company also offers carrier Ethernet solutions, including service delivery switches and service aggregation switches to support the access and aggregation tiers of communications networks, as well as to support wireless backhaul infrastructures and business data services; and software solutions to track individual s ervices across multiple product suites, facilitating planned network maintenance, outage detection, and identification of customers or services affected by network troubles. In addition, Ciena Corporation provides consulting and support services, such as project management, deployment, maintenance support, consulting, and training services, as well as network analysis, planning, design, optimization, and tuning. Its packet-optical transport, packet-optical switching, and carrier Ethernet solutions products are used individually or as part of an integrated solution in communications networks operated by communications service providers, cable operators, governments, enterprises, and other network operators. The company sells its communications networking solutions directly, as well as through strategic channel relationships. Ciena Corporation was founded in 1992 and is headquartered in Linthicum, Maryland.
- [By Lisa Levin]
Ciena (NASDAQ: CIEN) shares gained 2.02% to create a new 52-week high of $25.82. Ciena shares have jumped 77.37% over the past 52 weeks, while the S&P 500 index has gained 16.18% in the same period.
- [By Lee Jackson]
Ciena Corp. (NASDAQ: CIEN) is seeing a huge improvement in its U.S and European business from the carriers for its 100G transport, OTN and packet networking portfolio. The Deutsche Bank price target is $27, and the Thomson/First Call estimate is also $27.