At first glance, you might think it strange that we have both the ProShares UltraShort DJ-UBS Crude Oil ETF (NYSEARCA: SCO), a bearish bet on oil, and the iShares Dow Jones US Oil & Gas Ex Index ETF (NYSEARCA: IEO), a more bullish bet on both domestic oil and gas, in our SmallCap Network Elite Opportunity (SCN EO) portfolio. But there is a method to our apparent madness as one can be both bearish and bullish on oil and/or gas at the same time.
How to Be Bearish on Oil With SCO
The ProShares UltraShort DJ-UBS Crude Oil ETF seeks daily investment results that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones—UBS WTI Crude Oil Subindex which is composed of futures contracts on oil. This means the ETF is a leveraged investment on futures – meaning you need to have a big stomach for risk along with a stop loss order in place. Moreover, the ProShares UltraShort DJ-UBS Crude Oil ETF is down 29% since the start of the year, down 30.3% over the past year and down 78.1% since December 2008.
Top 5 Quality Companies To Buy For 2014: Nobility Homes Inc. (NOBH)
Nobility Homes, Inc., through its subsidiaries, designs, manufactures, and sells a line of manufactured homes in Florida. It offers homes under the trade names of Kingswood, Springwood, Springwood Special, Tropic Isle Special, Regency Manor Special, and Special Edition. The company sells its manufactured homes through a network of its own retail sales centers; and to independent manufactured home retail dealers and manufactured home communities on a wholesale basis. It also provides retail insurance services, which involves placing various types of insurance, including property and casualty, automobile, and extended home warranty coverage, with insurance underwriters on behalf of its customers in connection with their purchase and financing of manufactured homes. As of October 31, 2009, the company operated 15 retail sales centers in north and central Florida. Nobility Homes, Inc. was founded in 1967 and is headquartered in Ocala, Florida.
- [By Vanina Egea]
Nobility Homes Inc. (NOBH)
Finally, Gabelli reported owning 234.950 shares of Nobility Homes, sized at 5.97% of the company’s shares outstanding and 0.01% of Gabelli’s portfolio. The company has a market cap of $44.63 million, with a P/E of 59.6 and P/S of 2.41.
Top 5 Quality Companies To Buy For 2014: CalAmp Corp (CAMP)
CalAmp Corp. (CalAmp) develops and markets wireless technology solutions that deliver data, voice and video for critical networked communications and other applications. The Company has two business segments: Wireless DataCom, which serves commercial, industrial and government customers, and Satellite, which focuses on the North American Direct Broadcast Satellite (DBS) market. In May 2012, CalAmp Corp announced that it has entered into a five-year supply agreement to provide fleet tracking products to Navman Wireless. As part of the transaction, CalAmp has acquired certain products and technologies from Navman Wireless and established a research and development center in Auckland, New Zealand. The assets acquired by CalAmp include technology for Mobile Display Terminals (MDT) and an MDT product line marketed to telematics original equipment manufacturers (OEMs) globally. In March 2013, it completed the acquisition of the operations of Wireless Matrix Corporation.
The Wireless DataCom segment provides wireless technology, products and services for industrial Machine-to-Machine (M2M) and Mobile Resource Management (MRM) market segments for a range of applications, including optimizing and automating electricity distribution and ancillary utility functions; facilitating communication and coordination among emergency first-responders; increasing productivity and optimizing activities of mobile workforces; improving management control over valuable remote and mobile assets, and enabling emerging applications in a wirelessly connected world.
The Company’s Wireless DataCom segment is comprised of a Wireless Networks business and an MRM business. CalAmp’s Wireless Networks business provides products, systems and services to industrial, utility, energy and transportation enterprises and state and local governmental entities for deployment where the ability to communicate with mobile personnel o r to command and control remote assets is crucial. Utilities! , oil and gas, mining, railroad and security companies rely on CalAmp products for wireless data communications to and from outlying locations, permitting real-time monitoring, activation and control of remote equipment. Applications include remotely measuring freshwater and wastewater flows, pipeline flow monitoring for oil and gas transport, automated utility meter reading, remote Internet access and perimeter monitoring. CalAmp is among the leaders in the application of wireless communications technology to Smart Grid power distribution automation for electric utilities.
MRM wireless solutions include global positioning system (GPS) location, cellular data modems and programmable events-based notification firmware as key components, allowing customers to know where and how their assets are performing, no matter where those mobile assets are located. Commercial organizations, vehicle finance providers, city and county governments, and a range of other enterpri ses rely on CalAmp products and systems to optimize delivery of services and protect valuable assets. Applications include fleet management, asset tracking, student and school bus tracking and route optimization, stolen vehicle recovery, remote asset security, remote vehicle start, and machine-to-machine communications. In addition to functioning as an OEM supplier of location and communications hardware for MRM applications, CalAmp is a total solutions provider of turn-key systems incorporating location and communications hardware, cellular airtime and Web-based remote asset management tools and interfaces.
The Company competes with Motorola Solutions, GE-MDS, Freewave, Sierra Wireless, GenX, Spireon, Novatel Wireless-Enfora and Xirgo.
The Satellite segment develops, manufactures and sells DBS outdoor customer premise equipment and whole home video networking devices for digital and high definition satellite television (TV) r eception. CalAmp’s satellite products are sold primarily to ! EchoStar,! an affiliate of Dish Network.
The Company’s DBS reception products are installed at subscriber premises to receive television programming signals transmitted from orbiting satellites. These DBS reception products consist principally of outdoor electronics that receive, process, amplify and switch satellite television signals for distribution over coaxial cable to multiple set-top boxes inside the home that can acquire, recognize and process the signal to create a picture.
The Company competes with Sharp, Wistron NeWeb Corporation, Microelectronics Technology, Pro Brand and Global Invacom.
- [By Jake L’Ecuyer]
Leading and Lagging Sectors
Wednesday morning, the healthcare sector proved to be a source of strength for the market. Leading the sector was strength from Horizon Pharma (NASDAQ: HZNP) and Pernix Therapeutics Holdings (NASDAQ: PTX). In trading on Wednesday, telecommunications services shares were relative laggards, down on the day by about 0.39 percent. Top decliners in the sector included Shenandoah Telecommunications Co (NASDAQ: SHEN), off 3.3 percent, and CalAmp (NASDAQ: CAMP), down around 2.4 percent.
- [By Monica Gerson]
Shares of CalAmp (NASDAQ: CAMP) tumbled 7% on Tuesday after the company issued a downbeat outlook for the fourth quarter. Analysts at First Analysis also downgraded the stock from Overweight to Equal-Weight. CalAmp shares closed at $25.63 on Tuesday.
- [By Jason Shubnell]
Yesterday, CalAmp (NASDAQ: CAMP) issued a downbeat outlook for the fourth quarter.
CalAmp expected adjusted earnings of $0.19 to $0.23 per share on revenue of $60 million to $63 million. However, analysts were estimating earnings of $0.24 per share on revenue $63.2 million.
- [By Paul Ausick]
Canaccord Genuity also raised its price target on CalAmp Corp. (NASDAQ: CAMP) Tuesday, boosting it from $30.00 a share to $33.00. CalAmp makes wireless equipment and has a market cap of around $960 million. The company posted strong third-quarter results after markets closed Monday, and Canaccord expects strong growth in both the 2015 and 2016 fiscal years, based on the company’s expected fourth-quarter showing. Interestingly enough, CalAmp’s fourth-quarter estimates were slightly below consensus estimates.
Top 5 Quality Companies To Buy For 2014: Prosensa Holding NV (RNA)
Prosensa Holding N.V., formerly Prosensa Holding B.V., is a biotechnology company engaged in the discovery and development of ribonucleic acid-modulating (RNA)-modulating, therapeutics for the treatment of genetic disorders. The Company’s primary focus is on rare neuromuscular and neurodegenerative disorders with a large unmet medical need, including Duchenne muscular dystrophy, myotonic dystrophy and Huntington’s disease. The Company’s clinical portfolio of RNA-based product candidates is focused on the treatment of Duchenne muscular dystrophy (DMD). The Company’s platform technology allows the development of RNA-modulating therapeutics that either interferes with splicing (exon skipping, exon inclusion, or splice mutation correction), remove mutant RNA, or block RNA expression, for different indications.
DMD is a rare, severe muscle wasting disease that occurs in up to 1 in 3,500 male births. It is commonly diagnosed between the ages of three to five , when boys begin to show signs of impaired motor development. PRO044, the Company’s product candidate, addresses a separate sub-population of DMD patients. The Company developed PRO044 using its exon-skipping technology to generate a product candidate with the same mechanism of action that is used by drisapersen.
- [By Monica Gerson]
Prosensa Holding NV (NASDAQ: RNA) soared 25.89% to $8.51 in the pre-market trading after the company reported 48-week data from Phase 2 placebo-controlled study of drisapersen in 51 DMD boys.
- [By Leo Sun]
However, these three biotech stocks — Amarin (NASDAQ: AMRN ) , Dendreon (NASDAQ: DNDN ) , Prosensa (NASDAQ: RNA ) — don’t fit that category at all. Read on to understand why these dogs of the sector should never be mistaken as underdogs.
- [By Sean Williams]
Shares of Sarepta climbed to a 52-week high of $55.61 in September shortly after an experimental rival drug, drisapersen, developed by Prosensa (NASDAQ: RNA ) and GlaxoSmithKline (NYSE: GSK ) , missed its primary end point by a mile in late-stage trials. However, Sarepta also tanked just weeks later after the Food and Drug Administration decided against supporting an accelerated drug approval for eteplirsen; the agency would not make the connection that increased dystrophin production led to its remarkable trial results. Also, given the recent failure of drisapersen in a phase 3 study, the FDA felt it pertinent that Sarepta engage in a broader study. Shares ultimately dipped as low as $12.12.
- [By John Udovich]
It should also be mentioned that earlier in the week, GlaxoSmithKline plc (NYSE: GSK) returned full rights of Duchenne muscular dystrophy drug drisapersen to their partner Prosensa Holding NV (NASDAQ: RNA) and that news sent shares down 12.48% on Monday. Moreover, Prosensa Holding also sank some 70% last fall when Drisapersen failed a phase 3 trial by missing a primary endpoint measuring for how far patients could walk over the course of six minutes (the improvement wasn’t significantly better than the placebo). However, Prosensa Holding also rose 24.37% yesterday after announcing initial findings from further analyses from the aggregate data for drisapersen, with the CEO saying:
Top 5 Quality Companies To Buy For 2014: Ambassadors Group Inc. (EPAX)
Ambassadors Group, Inc. provides educational travel experiences and online education research materials worldwide. Its Ambassador Programs and Other segment offers educational travel services to students and professionals. The companys BookRags segment provides online research in the form of book summaries, critical essays, study guides, lesson plans, film summaries, biographies, literary criticisms, and references to encyclopedia articles. It offers People to People Ambassador Programs for the development and conducting of programs to grade school and high school students; and for the development, marketing, and operation of programs for professionals, college students, and athletes. The company also provides People to People Student Ambassador Programs, which offer educational opportunities for grade school, middle school, and high school students to visit foreign destinations to learn about the history, government, economy, and culture of such countries, as well as pr ovides educational and entertaining travel experience. In addition, it offers People to People Sports Ambassador Programs; and People to People Leadership Summit and World Leadership Forum Programs that provide domestic travel experiences for grade school, middle school, and high school students emphasizing leadership, community involvement, and government education. The company also offers People to People Citizen Ambassador Programs, which provide professionals to travel abroad to meet and exchange ideas with foreign citizens. In addition, it offers Discovery Student Adventures, a teacher recruited student travel program that provides opportunities for grade school, middle school, and high school students to visit destinations emphasizing adventure and scientific exploration. Further, the company operates bookrags.com, an educational Website. Ambassadors Group, Inc. was founded in 1967 and is headquartered in Spokane, Washington.
- [By CRWE]
Ambassadors Group, Inc. (Nasdaq:EPAX), a leading provider of educational travel experiences, reported that its board of directors declared a quarterly dividend of $0.06 per share, which will be paid on June 7, 2012 to all common shareholders of record on May 24, 2012.
Top 5 Quality Companies To Buy For 2014: Liberty Media Corp (LMCA)
Liberty Media Corporation, formerly Liberty Spinco, Inc., incorporated on August 10, 2012, focuses on the media, communications and entertainment industries through its ownership of interests in subsidiaries and other companies. Its businesses and assets include consolidated subsidiaries, Atlanta National League Baseball Club, Inc. and TruePosition, Inc., its equity affiliates Sirius XM Radio Inc. and Live Nation Entertainment, Inc. and minority investments in public companies such as Barnes & Noble, Inc., Time Warner Inc., Time Warner Cable, Inc., Viacom Inc. and Sprint Nextel Corporation. On January 11, 2013, Liberty Media Corporation and Starz announced the completion of the spin-off of Liberty from Starz. In connection with the spin-off, Liberty changed its name from Liberty Spinco, Inc. to Liberty Media Corporation. In January 2013, the Company announced that it held approximately 50.7% interest of Sirius XM Radio Inc. In May 2013, Liberty Media Corp acquired a 27.38% stake in Charter Communications Inc.
Atlanta National League Baseball Club, Inc., or ANLBC, a wholly owned subsidiary, owns and operates the Atlanta Braves Major League Baseball (MLB) franchise and five minor league baseball clubs (the Gwinnett Braves, the Mississippi Braves, the Rome Braves, the Danville Braves and the GCL Braves). TruePosition is a wholly owned subsidiary that develops and markets technology for locating wireless phones and other wireless devices enabling wireless carriers, application providers and other enterprises to provide E-911 services domestically and other location-based services to mobile users both domestically and worldwide. Sirius XM Radio Inc. (Sirius) broadcasts its music, sports, entertainment, comedy, talk, news, traffic and weather channels in the United States on a subscription fee basis through its two satellite radio systems. Subscribers can also receive certain of its music and other channels over the Internet, includin g through applications for mobile devices.
Sir! ius XM Radio Inc. satellite radios are primarily distributed through automakers (OEMs), retail locations nationwide, and through its Website. Sirius offers a dynamic programming lineup of commercial-free music, sports, entertainment, talk, news, traffic and weather. The channel line-ups for its services vary in certain respects and are available at siriusxm.com. Sirius offers a selection of music genres, ranging from rock, pop and hip-hop to country, dance, jazz, Latin and classical. Within each genre it offers a range of formats, styles and recordings. Sirius offers a range of national, international and financial news, including news from BBC World Service News, Bloomberg Radio, CNBC, CNN, FOX News, HLN, MSNBC, NPR and World Radio Network. Barnes & Noble, Inc., is a content, commerce and technology company providing customers easy and convenient access to books, magazines, newspapers and other content across its multi-channel distribution platform. As of April 28, 2012, Ba rnes & Noble operated 1,338 bookstores in 50 states, including 647 bookstores on college campuses, operates one of the Internet’s e-Commerce sites and develops digital content products and software.
- [By Jake L’Ecuyer]
Liberty Media (NASDAQ: LMCA) was also up, gaining 7.06 percent to $135.04 after the company dropped its bid to buy SiriusXM (NASDAQ: SIRI). The company will reclassify common stock to create two groups.
- [By Jon C. Ogg]
The Merrill Lynch report was simply named “Liberated” now that Liberty Media Corp. (NASDAQ: LMCA) has withdrawn its bid to acquire (or steal) the remaining 47% of Sirius XM at $3.68 per share. The new plan is to spin Liberty into dual tracking stocks, even though plans for ultimate ownership or involvement in Sirius are not fully clear. For now, Sirius will remain the main asset of Liberty, while a new Liberty Broadband tracker will include the company’s 25% or so stake in Charter and its prior holdings in Time Warner Cable, along with other assets.
- [By John Kell and Lauren Pollock var popups = dojo.query(“.socialByline .popC”); ]
Liberty Media Corp.(LMCA) dropped its proposal to acquire the rest of satellite-radio provider Sirius XM Holdings Inc.(SIRI) that the media-investment company doesn’t already own. The company Ann(ANN)ounced the withdrawn offer along with a plan to create two new tracking stocks. Series A shares climbed 7.4% to $135.46 premarket.
- [By Lisa Levin]
Liberty Media (NASDAQ: LMCA) shares climbed 7.04% to $135.02. The volume of Liberty Media shares traded was 608% higher than normal. Liberty Media dropped its bid to buy SiriusXM (NASDAQ: SIRI). The company will reclassify common stock to create two groups.