Investors in pharmaceutical stocks are all too familiar with the volatility that can be caused by the outcome of clinical trials. Sometimes it can be extremely positive news that causes shares to kick on to new highs, while at other times it can be disappointing news that leaves investors feeling despair at the falling share price.
This, it seems, simply comes with the territory of investing in pharmaceutical stocks. However, sometimes disappointment from a clinical trial can have a rather mooted effect on the share price. For instance, Pfizer (NYSE: PFE ) announced last week that a possible treatment for an advanced form of lung cancer missed its primary objectives in a couple of late-stage studies.
The drug in question is called Dacomitinib, and it was unable to show a statistically significant improvement in progression-free survival when compared with another drug, Erlotinib. This occurred in two separate studies (although in the second study a placebo was used instead of Erlotinib), and the disappointing thing about the two trials is that they were both late-stage trials.
Top Canadian Stocks To Watch For 2015: (CG)
The Carlyle Group is an investment firm specializing in direct and fund of fund investments. Within direct investments, it specializes in management-led buyouts, divestitures, strategic minority equity investments, equity private placements, consolidations and buildups, leveraged finance, and venture and growth capital financings. The firm typically invests in agriculture, aerospace, defense, automotive, consumer, retail, industrial, infrastructure, energy, power, healthcare, software, technology, real estate, financial services, transportation, business services, telecommunications, and media sectors. Within the industrial sector, the firm invests in manufacturing, building products, packaging, chemicals, metals and mining, forestry and paper products, and industrial consumables and services. In consumer and retail sectors, it invests in food and beverage, retail, restaurants, consumer products, consumer services, personal care products, direct marketing, and education. W ithin aerospace, defense, business services, and government services sectors, it seeks to invest in defense electronics, manufacturing and services, government contracting and services, information technology, distribution companies. In telecommunication and media sectors, it invests in cable TV, directories, publishing, entertainment and content delivery services, wireless infrastructure/services, fixed line networks, satellite services, broadband and Internet, and infrastructure. The firm seeks to hold its investments for four to six years. In the healthcare sector, it invests in healthcare services, outsourcing services, companies running clinical trials for pharmaceutical companies , managed care, pharmaceuticals, pharmaceutical related services, healthcare IT, medical, products, and devices. It seeks to invest in companies based in Sub-Saharan Africa, Asia, Australia, Europe, Middle East, North America, and South America. The firm seeks to invest in food, financial, an d healthcare industries in Western China. In the real estate! sector, the firm seeks to invest in Italy, the United Kingdom, and the United States with a target on Florida and Atlanta. It typically invests between $5 million and $50 million for venture investments and between $50 million and $1 billion for buyouts. It typically holds its investments for three to five years. Within automotive and transportation sectors, the firm seeks to hold its investments in for four to six years. The firm originates, structures, and acts as lead equity investor in the transactions. The Carlyle Group was founded in 1987 and is based in Washington, District of Columbia with additional offices across North America, Latin America, Asia, Africa, and Europe.
- [By Maria Armental and Anna Prior]
Telecommunications products company CommScope Holding Co. said Wednesday that Carlyle Group LP(CG) will sell 15 million CommScope shares, one of several recent announcements of Carlyle stock sales.
- [By Sean Williams]
Carlyle Group (NASDAQ: CG ) — up 775%
Specialty investment firm Carlyle Group, which focuses on leveraged buyouts, equity investments, and leveraged financings, just to name a few of its services, was the big winner for income investors with an announced payout of $1.40, up 775% from its previous payout of $0.16 per share.
- [By Jesse Solomon]
Michael Cavanagh, who many viewed as the most likely JPMorgan executive to one day take over for Dimon, left last month to take a job at private equity titan Caryle Group (CG).
Top Canadian Stocks To Watch For 2015: Consolidated Graphics Inc. (CGX)
Consolidated Graphics, Inc., together with its subsidiaries, provides general commercial printing and print-related services in the United States and internationally. The companys services include traditional print services, such as electronic prepress, digital and offset printing, finishing, and storage and delivery of custom manufactured printed documents; and fulfillment and mailing services for such printed materials. It also offers technology solutions that enable its customers to procure and manage printed materials and/or design, procure, distribute, track, and analyze results of printing-based marketing programs and activities; and multi-media capabilities, which allow customers to supplement the message of their printed materials through other media, such as the Internet, email, or text messaging. The company prints multi-color marketing materials, product and capability brochures, point-of-purchase displays, packaging, direct mail pieces, shareholder communicat ions, trading cards, calendars, and photo books, as well as customized materials for the financial services, insurance, healthcare, and other industries. In addition, it offers e-commerce software solutions and other print-related services. The companys customers include national and local corporations operating in a range of industries, as well as advertising agencies, graphic design firms, catalog retailers, direct mail marketers, state and local governments and quasi-governmental agencies, educational institutions, not-for-profit associations, and political campaign organizations. Consolidated Graphics, Inc. was founded in 1985 and is headquartered in Houston, Texas.
- [By Monica Gerson]
Starwood Hotels & Resorts Worldwide (NYSE: HOT) reported a gain in its third-quarter core earnings and lifted its full-year earnings forecast. To read the full news, click here. Procera Networks (NASDAQ: PKT) and Skyfire, a fully-owned subsidiary of Opera Software, today announced a joint solution and partnership to tackle the rapid growth of video traffic on global mobile networks, based on an open, scalable ICAP architecture. To read the full news, click here. R. R. Donnelley & Sons Company (NASDAQ: RRD) and Consolidated Graphics (NYSE: CGX) jointly announced today that they have signed a definitive agreement by which RR Donnelley will acquire Consolidated Graphics, a provider of digital and commercial printing, fulfillment services, print management and proprietary Internet-based technology solutions. To read the full news, click here. Dunkin’ Brands Group (NASDAQ: DNKN) reported a 36% rise in its third-quarter income. To read the full news, click here.
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- [By Seth Jayson]
Consolidated Graphics (NYSE: CGX ) reported earnings on May 15. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q4), Consolidated Graphics met expectations on revenues and crushed expectations on earnings per share.
Top Canadian Stocks To Watch For 2015: Ingram Micro Inc. (IM)
Ingram Micro Inc. distributes information technology (IT) products; and provides supply chain solutions, mobile device lifecycle services, and logistics solutions worldwide. The companys IT peripherals include printers, scanners, displays, projectors, monitors, panels, mass storage, and tape; large format LCD and plasma displays, enclosures, mounts, media players, content software, and content creation and hosting; mobile phones, digital cameras and video disc players, game consoles, televisions, audio, media management, and home control products; barcode/card printers, AIDC scanners and software, and wireless infrastructure products; IP video surveillance, security and fire alarm systems, and access control smart cards; processors, motherboards, hard drives, and memory products; and ink and toner supplies, paper, carrying cases, and anti-glare screens. It also provides various systems, including rack, tower, and blade servers; desktops; portable personal computers and t ablets; and software products, such as business application, operating system, entertainment, security, storage, and virtualization software products, as well as middleware and developer software tools. The companys networking products comprise switches, hubs, routers, wireless local area networks, wireless wide area networks, network interface cards, cellular data cards, network-attached storage, and storage area networks; voice over Internet protocol, communications, modems, phone systems, and video/audio conferencing; and firewalls, virtual private networks, intrusion detection, and authentication devices and appliances. In addition, it provides integration, technical support, training, financial and credit, marketing, predictive analytics, eCommerce, reseller community hosting, managed, cloud, managed print, and professional services. The company sells its products to resellers through sales representatives. Ingram Micro Inc. was founded in 1979 and is headquartered i n Santa Ana, California.
- [By Keith Speights]
My take is that Qualcomm has rapidly established itself as the de facto standard for connecting with medical devices. The company isn’t doing it alone, though. It teamed with Ingram Micro (NYSE: IM ) , the world’s largest technology distributor, to support the implementation, logistics, and financial services related to the 2net hub and platform. This partnership should help propagate Qualcomm’s technology more effectively than the company could have done on its own.
- [By Geoff Gannon]
A huge net-net like Ingram Micro (IM) with nine out of ten years of profits in the last decade is pretty unusual. And Ingram operates on a razor-thin margin. It usually makes about one cent in profit for every dollar of sales.
Top Canadian Stocks To Watch For 2015: Airgas Inc.(ARG)
Airgas, Inc., through its subsidiaries, distributes industrial, medical, and specialty gases, as well as hardgoods in the United States. The company offers various gases, including nitrogen, oxygen, argon, helium, and hydrogen; welding and fuel gases, such as acetylene, propylene, and propane; and carbon dioxide, nitrous oxide, ultra high purity grades, special application blends, and process chemicals. Its hardgoods products comprise welding consumables and equipment, safety products, and construction supplies, as well as maintenance, repair, and operating supplies. The company also engages in the rental of gas cylinders, cryogenic liquid containers, bulk storage tanks, tube trailers, and welding and welding related equipment. In addition, the company manufactures and distributes liquid carbon dioxide, dry ice, nitrous oxide, ammonia, refrigerant gases, and atmospheric merchant gases. It serves repair and maintenance, industrial manufacturing, energy and infrastructure co nstruction, medical, petrochemical, food and beverage, retail and wholesale, analytical, utilities, and transportation industries. The company operates an integrated network of approximately 1100 locations, including branches, retail stores, packaged gas fill plants, specialty gas labs, production facilities, and distribution centers. Additionally, it provides retail solutions to retail customers, such as florists, grocers, restaurants and bars, tire and automotive service centers, and others. The company markets its products through multiple sales channels, including branch-based sales representatives, retail stores, strategic customer account programs, telesales, catalogs, e-business, and independent distributors. Airgas, Inc. was founded in 1982 and is based in Radnor, Pennsylvania.
- [By Ben Levisohn]
The one problem: Air Products & Chemicals valuation. “[Air Products & Chemicals] has generally been at a discount to [Praxair] in the last five years due to its mix and more volatile performance, but closed the gap last year on activist involvement and potential restructuring,” Yang and Amadeo note. Air Products & Chemicals trades at 21 times 2015 earnings, in line with Airgas’s (ARG) P/E ratio of 21.5 but well above Praxair’s 18.5 times.
- [By Monica Gerson]
Airgas (NYSE: ARG) is expected to report its Q2 earnings at $1.22 per share on revenue of $1.28 billion.
The Boeing Company (NYSE: BA) is estimated to report its Q3 earnings at $1.55 per share on revenue of $21.68 billion.
Top Canadian Stocks To Watch For 2015: Enbridge Inc(ENB)
Enbridge Inc. engages in the transportation and distribution of crude oil and natural gas primarily in Canada and the United States. Its Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGLs), and refined products pipelines and terminals. The company?s Gas Distribution segment distributes natural gas to residential, commercial, and industrial customers primarily in central and eastern Ontario, northern New York State, Quebec, and New Brunswick. Enbridge?s Gas Pipelines, Processing and Energy Services segment invests in natural gas pipelines, processing and green energy projects, and commodity marketing businesses, as well as performs commodity storage, transport, and supply management services. Its Sponsored Investments segment transports crude oil and other liquid hydrocarbons through common carrier and feeder pipelines, as well as transports, gathers, processes, and markets natural gas and NGLs; operates a crude oil and liqui ds pipeline and gathering system; and owns a 50% interest in the Canadian portion of Alliance Pipeline and partial interests in various green energy investments. The company was formerly known as IPL Energy Inc. and changed its name to Enbridge Inc. in October 1998. Enbridge Inc. was founded in 1949 and is headquartered in Calgary, Canada.
- [By Aaron Levitt]
Thus, investors looking for Canadian pipeline growth might want to turn their attention away from TRP stock … and toward rival Enbridge (ENB).
- [By GURUFOCUS]
Enbridge Inc. (ENB) operates as an energy transportation and distribution company in the United States and Canada. Dec. 4, the company increased its quarterly dividend 16.7% to $0.35 per share. The dividend is payable March 1, 2014, to shareholders of record on Feb. 14, 2014. The yield based on the new payout is 3.4%.
- [By Tyler Crowe]
Today, many newly discovered unconventional sources are very light, sweet, and easy to refine. Since our Gulf Coast refineries are still geared toward heavy, sour crudes, we will continue to import that grade to use in these facilities. In fact, one type of crude oil that is strikingly similar to Venezuelan and Mexican crudes is Canadian oil sands. Canadian oil sands are in desperate need of refineries capable of treating this heavy mix, and Gulf of Mexico refineries are just the type of refinery these crudes need. This is the driving force for Canadian pipeline companies TransCanada (NYSE: TRP ) and Enbridge (NYSE: ENB ) expanding their takeaway capacity to the Gulf through the Keystone XL and the Trunkline conversion, respectively.
- [By Aimee Duffy]
BP (NYSE: BP ) just announced it is getting out of the wind power game, and in fact big oil’s green energy initiatives are pretty negligible at this point. It could be disheartening state of affairs, but luckily pipeline companies are stepping in and picking up the slack. In this video, Fool.com contributor Aimee Duffy explores Enbridge’s (NYSE: ENB ) recent deal to buy into a wind project in Alberta, and reviews the alternative energy efforts already under way in the North American midstream industry.
Top Canadian Stocks To Watch For 2015: ENI S.p.A. (E)
Eni SpA, an integrated energy company, engages in the exploration, production, transportation, transformation, and marketing of oil and natural gas. The company also involves in the production and sale of electricity; refining and marketing of petroleum products; and production and sale of petrochemical products and hydrocarbons. In addition, it engages in the offshore and onshore hydrocarbon field construction. Further, the company offers offshore and onshore drilling, and offshore design and engineering services for oil and gas companies. It has a strategic partnership with Gazprom for the joint development of projects in the upstream oil and gas markets. Eni SpA operates in Europe, Africa, Asia and Oceania, and the Americas. The company was founded in 1953 and is headquartered in Rome, Italy with an additional office in San Donato Milanese, Italy.
- [By Aaron Levitt]
Last year, the story for many of Europe’s major integrated energy stocks wasn’t that pleasant. Higher drilling costs and absolutely abysmal crack spreads on refining hurt profits and crimped share prices. From BP (BP) to Italy’s ENI (E), many of the European majors suffered.
- [By Vanina Egea]
Integrated oil companies seem to have finally come out of the shadows. With a world economy on the rebound after the 2007/8 crisis, demand for oil began to climb again. However, as the activity slowdown affected some companies more than others, emerging market trends are expected to do so. For example, Europe has been the hardest hit region with respect to the oil & gas industry, and continues to slowly recover, in North America the gas boom reached its zenith and activities began to move offshore in the search for oil. For Eni (E) has been a troubled road since 2008, reflected by a deep decline on its stock face value. Although performance has been somewhat stable, stock value never recovered pre-crisis levels and gurus have not been very active on the stock. Can something different be expected from this integrated oil producer?
- [By Jim Jubak]
I’m going to sell ENI S.p.A. (E) out of my Dividend Income portfolio today. The dividend portfolio is too energy-heavy for my liking at the moment, given that I think oil prices are likely to be flat to lower in 2014, and given the likelihood of major supply and delivery disruptions this year. ENI—with its exposure to supply problems in Libya, Nigeria, Mozambique, and former (so far at least) Soviet republics such as Kazakhstan, and its exposure on the demand side to the less-than-robustly growing Italian economy—currently offers an unattractive mixture of risk and reward.
Top Canadian Stocks To Watch For 2015: United States Steel Corporation(X)
United States Steel Corporation produces and sells steel mill products in North America and Central Europe. It operates in three segments: Flat-rolled Products (Flat-rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-rolled segment offers slabs, rounds, strip mill plates, sheets, and tin mill products, as well as iron ore and coke. This segment serves service center, conversion, transportation, construction, container, and appliance and electrical markets in North America. The USSE segment offers slabs, sheets, strip mill plates, tin mill products, and spiral welded pipes, as well as heating radiators and refractory ceramic materials. This segment serves the European construction, service center, conversion, container, transportation, and appliance and electrical, as well as and oil, gas, and petrochemical markets. The Tubular segment offers seamless and electric resistance welded steel casing and tubing; and standard, and line pipe and mechanical tubing. It primarily serves customers in the oil, gas, and petrochemical markets. The company also provides transportation services, including railroad and barge operations. In addition, it owns, develops, and manages various real estate assets, which include approximately 200,000 acres of surface rights primarily in Alabama, Illinois, Maryland, Michigan, Minnesota, and Pennsylvania; participates in joint ventures that are developing real estate projects in Alabama, Maryland, and Illinois; and owns approximately 4,000 acres of land in Ontario, Canada. The company was founded in 1901 and is headquartered in Pittsburgh, Pennsylvania.
- [By Anna Prior]
Martin Marietta Materials Inc.(MLM) will replace United States Steel Corp.(X) (X) in the Standard and Poor’s 500-stock index after the market closes July 1, according to S&P.
- [By Vladimir Zernov]
The first quarter was a tough one for steelmakers, as harsh winter weather raised costs and delayed shipments. AK Steel’s (NYSE: AKS ) CEO James Wainscott even said, “thank goodness it’s behind us” during the first quarter earnings call. Steel Dynamics (NASDAQ: STLD ) blamed weather conditions for reduced earnings, as cost rose due to higher electricity and natural gas costs. Nucor (NYSE: NUE ) and U.S. Steel (NYSE: X ) were hit by the weather as well.
- [By Reuben Brewer]
The United States government has announced duties on imports of tubular steel from Malaysia, Thailand, and Vietnam. The levies are as high as 160% in the case of Malaysia. Although tubular steel is a relatively small piece of the steel market, this is a big win for U.S. steel manufacturers like U.S. Steel (NYSE: X ) and AK Steel (NYSE: AKS ) .
Top Canadian Stocks To Watch For 2015: Higher One Holdings Inc.(ONE)
Higher One Holdings, Inc. provides technology and payment services in the United States. It offers a suite of disbursement and payment solutions for higher education institutions and their students. The company provides OneDisburse Refund Management product that offers higher education institutional clients with a technology service for streamlining the student refund disbursement process. It also offers CASHNet Payment suite that includes software-as-a-service products and services, such as ePayment to securely accept online payments for tuition, charges, and fees from students through credit card, pinless debit, and ACH; eBill to automate payer billing and processing functions; MyPaymentPlan to personalize students? payment plans; eMarket that allows academic, athletic, and other departments to take alumni donations, sell event tickets and other merchandise, and accept payments of event and conference registration fees; and Cashiering to operate and manage cashiering fu nctions, back office payments, and campus-wide departmental deposits. In addition, the company provides OneDisburse ID, which offers an option to combine the company?s debit card with the institution?s ID cards; OneDisburse Payroll to distribute payroll and other employee-related payments; OneDisburse PLUS product to distribute Parent PLUS loan refunds to parents on behalf of the school; and Financial Intelligence to students with an online class. Further, it provides student-oriented banking services to campus communities. Additionally, the company offers OneAccount product for students, as well as faculty, staff, and alumni, with an FDIC-insured online checking account and a debit MasterCard ATM card. Higher One Holdings, Inc. was founded in 2000 and is headquartered in New Haven, Connecticut.
- [By John Seward]
Veritiv Corp (NYSE: VRTVW) will replace Higher One Holdings Inc (NYSE: ONE) in the S&P SmallCap 600 on Tuesday, July 1. International Paper (NYSE: IP) is spinning off its distributions solutions unit, and the new company will merge with privately held UWW Holdings to create Veritiv.
- [By Steve Symington]
What: Shares of Higher One Holdings, Inc (NYSE: ONE ) rose as much as 10% early Thursday, then settled to close up around 6% after the company reported better-than-expected first-quarter results.
Top Canadian Stocks To Watch For 2015: Comstock Resources Inc. (CRK)
Comstock Resources, Inc., an independent energy company, engages in the acquisition, development, exploration, and production of oil and natural gas properties in the United States. The companys oil and gas operations are primarily located in East Texas/North Louisiana and South Texas. It owns interests in approximately 1,570 producing oil and natural gas wells. As of December 31, 2012, the company had proved reserves of 551 billion cubic feet of natural gas equivalent. Comstock Resources, Inc. was founded in 1919 and is headquartered in Frisco, Texas.
- [By Value Digger]
It is clear that these key metrics match the metrics of a heavily natural gas weighted company that also carries significant debt. To prove this, let’s check out Comstock Resources (CRK). Comstock sold some assets recently to Rosetta Resources (ROSE) to reduce its long term debt which still remains high though.