The following video is from Wednesday’s Investor Beat, in which host Chris Hill and analysts Jason Moser and Tim Hanson dissect the hardest-hitting investing stories of the day.
The Fresh Market (NASDAQ: TFM ) gains 12% after announcing better-than-expected quarterly earnings. United Natural Foods (NASDAQ: UNFI ) falls 4% on declining profit margins and lowered guidance. Tesla Motors (NASDAQ: TSLA ) loses some electricity after its recent run-up. And Trina Solar (NYSE: TSL ) cools off on weaker-than-expected earnings. In this installment of Investor Beat, our analysts discuss four stocks making moves.
Tesla’s plan to disrupt the global auto business has yielded spectacular results. But giant competitors are already moving to disrupt Tesla. Will the company be able to fend them off? The Motley Fool answers this question and more in our most in-depth Tesla research available. Get instant access by clicking here now.
Top Dividend Stocks To Own Right Now: Laboratory Corporation of America Holdings(LH)
Laboratory Corporation of America Holdings operates as an independent clinical laboratory company in the United States. The company offers a range of testing services used by the medical profession in routine testing, patient diagnosis, and in the monitoring and treatment of disease, as well as specialty testing services. Its routine tests include blood chemistry analyses, urinalyses, blood cell counts, thyroid tests, Pap tests, HIV tests, microbiology cultures and procedures, and alcohol and other substance-abuse tests. The company?s specialty tests and related services comprise viral load measurements, genotyping and phenotyping, and host genetic factors for managing and treating HIV infections; cytogenetic, molecular cytogenetic, biochemical, and molecular genetic tests for diagnostic genetics; oncology tests for diagnosing and monitoring certain cancers and treatments; clinical trials testing for pharmaceutical companies, which conducts clinical research trials on diag nostic assays; forensic identity testing used in criminal proceedings and parentage evaluation services, as well as testing services in reconstruction cases; allergy testing; and occupational testing for the detection of drug and alcohol abuse. Its customers include independent physicians and physician groups, hospitals, managed care organizations, governmental agencies, employers, pharmaceutical companies, and other independent clinical laboratories. The company operates a network of 51 primary laboratories and approximately 1,700 patient service centers. In addition, it delivers a co-branded electronic health records Lite solution for physician practices. The company works with university, hospital, and academic institutions, such as Duke University, The Johns Hopkins University, the University of Minnesota, and Yale University to license and commercialize new diagnostic tests. Laboratory Corporation of America Holdings was founded in 1971 and is headquartered in Burlingt o n, North Carolina.
- [By Motley Fool Staff]
Currently, traditional lab tests are handled by laboratory diagnostic companies such as Laboratory Corp. of America (NYSE: LH ) and Quest Diagnostics (NYSE: DGX ) . These companies use expensive, older technology to turn around blood samples in a few days — at relatively high cost, as vials need to be transported to central testing centers.
- [By Jayson Derrick]
LabCorp (NYSE: LH) has agreed to acquire Covance (NYSE: CVD) for $5.6 billion in cash and stock. Shares of LabCorp lost 7.37 percent, closing at $101.23 while shares of Covance surged 25.87 percent, closing at $100.57.
- [By Ben Levisohn]
Covance (CVD) has soared 26% to $100.62 after it agreed to be acquired by Laboratory Corp. of America (LH) for $6.1 billion, or about $105 a share. LabCorp has dropped 3.9% to $105.
Top Dividend Stocks To Own Right Now: Northstar Realty Finance Corp. (NRF)
NorthStar Realty Finance Corp. operates as a real estate investment trust in the United States. It invests in real estate debt business, which acquires, originates, and structures debt investments secured primarily by income-producing real estate properties; real estate securities business that invests in commercial real estate debt securities, including commercial mortgage backed securities, REIT unsecured debt, and credit tenant loans; and net lease properties business, which acquires properties that are primarily net leased to corporate tenants. The company has elected to be taxed as a REIT and it would not be subject to federal income tax, provided it distributes at least 90% of its taxable income to its shareholders. NorthStar Realty Finance was founded in 1997 and is based in New York City.
- [By Louis Navellier]
Northstar Realty Finance (NRF) is a REIT that acquires, originates, and structures debt investments secured primarily by income-producing real estate properties. Northstar also invests in commercial real estate debt securities, including commercial mortgage backed securities, REIT unsecured debt, and credit tenant loans and has a portfolio of properties that are net leased to commercial tenants.
- [By Lisa Levin]
NorthStar Realty Finance (NYSE: NRF) surged 8.86% to $17.45. The volume of NorthStar Realty Finance shares traded was 419% higher than normal. American Realty Capital Properties (NASDAQ: ARCP) is in talks for a takeover of NorthStar Realty Finance, Financial Times’ Ed Hammond said on Twitter.
- [By alicet236]
Northstar Realty Finance Corporation (NRF): Chairman and CEO David T. Hamamoto Sold 639,182 Shares
Chairman and CEO of Northstar Realty Finance Corporation (NRF) David T. Hamamoto sold 639,182 shares on 01/13/2014 at an average price of $14.14. NorthStar Realty Finance Corporation is a Maryland corporation formed in October 2003. Northstar Realty Finance Corporation has a market cap of $4.16 billion; its shares were traded at around $14.00 with and P/S ratio of 4.15. The dividend yield of Northstar Realty Finance Corporation stocks is 5.57%.
Top Dividend Stocks To Own Right Now: Avon Products Inc. (AVP)
Avon Products Inc. manufactures and markets beauty and related products worldwide. Its product categories include color cosmetics, fragrances, skin care, and personal care; fashion jewelry, watches, apparel, footwear, and accessories; and gift and decorative products, housewares, entertainment and leisure, and children?s and nutritional products. Avon Products Inc. markets its products through direct selling and independent representatives, as well as through distributorships. The company was founded in 1886 and is based in New York, New York.
- [By Teresa Rivas]
Shares of Kimberly-Clark (KMB) were rising 1.4% just after 3 on Tuesday, while Avon Products (AVP) was down 1.4%, a neat symmetry that reflects BMO Capital Markets’ take on the two companies.
- [By Vera Yuan]
We bought relatively small new positions in Willis Group Holdings and Avon Products in the third quarter. Willis (WSH) is a leading global insurance broker. We have followed this attractive industry for many years through investments in Aon, Brown & Brown and others (including Willis under prior management). Organic revenue growth has been solid, and Willis has a near-term opportunity to expand margins through expense initiatives and restructuring savings that are likely to kick in next year. We think the stock should be revalued higher once management follows through on its pledged cost discipline and drives operating leverage. Avon (AVP) is a direct selling, branded beauty business undergoing a turnaround in the U.S. market. The overwhelming majority of Avon’s business value comes from its stronger positions in Latin America and other emerging markets. Our investment thesis is that well-run direct selling can be a decent business with solid margins and high returns , that the Avon brand is not fundamentally broken, and that the U.S. business is bottoming as evidenced by break-even results in the most recent quarter. Avon has a wider range of potential outcomes than our typical investment and is sized accordingly.
- [By Omar Venerio]
In this article, let’s take a look at Avon Products Inc. (AVP), a $5.47 billion market cap company, which is the world’s leading direct marketer of cosmetics, toiletries, fashion jewelry and fragrances, with about 6 million sales representatives worldwide.
Top Dividend Stocks To Own Right Now: Linear Technology Corporation(LLTC)
Linear Technology Corporation, together with its subsidiaries, designs, manufactures, and markets a line of linear integrated circuits. The company’s products include amplifiers, comparators, voltage regulators, voltage references, monolithic filters, linear regulators, DC-DC converters, power over Ethernet controllers, battery chargers, data converters, communications interface circuits, RF signal conditioning circuits, Advisors’ Opinion:
- [By Steven Russolillo]
WATCH FOR: September NFIB Small Business Survey (7:30 a.m. Eastern Time): seen 95.9; previously 96.1. Citigroup (C), CSX, Del Frisco’s, Domino’s Pizza (DPZ), Intel (INTC), J.B. Hunt Transport (JBHT), Johnson & Johnson (JNJ), Linear Tech (LLTC), Wells Fargo (WFC) and Wolverine World Wide (WWW) are among companies scheduled to report quarterly results.
- [By Monica Gerson]
Linear Technology (NASDAQ: LLTC) is expected to post its Q1 earnings at $0.54 per share on revenue of $372.59 million.
Posted-In: Earnings scheduleEarnings News Pre-Market Outlook Markets
Top Dividend Stocks To Own Right Now: 3M Company(MMM)
3M Company, together with subsidiaries, operates as a diversified technology company worldwide. The company?s Industrial and Transportation segment offers tapes, coated and non-woven abrasives, adhesives, specialty materials, filtration products, energy control products, closure systems for personal hygiene products, acoustic systems products, and components and products that are used in the manufacture, repair, and maintenance of automotive, marine, aircraft, and specialty vehicles. Its Health Care segment provides medical and surgical supplies, skin health and infection prevention products, inhalation and transdermal drug delivery systems, dental and orthodontic products, health information systems, and food safety products. The company?s Display and Graphics offers optical film solutions for LCD electronic displays; computer screen filters; reflective sheeting for transportation safety; commercial graphics sheeting and systems; and mobile interactive solutions, includin g mobile display technology, visual systems products, and computer privacy filters. The company?s Consumer and Office segment provides office supply products, stationery products, construction and home improvement products, home care products, protective material products, certain consumer retail personal safety products, and consumer health care products. Its Safety, Security and Protection Services segment offers personal protection products, safety and security products, cleaning and protection products for commercial establishments, track and trace solutions, and roofing granules for asphalt shingles. The company?s Electro and Communications segment provides packaging and interconnection devices; fluids that are used in the manufacture of computer chips, and for cooling electronics and lubricating computer hard disk drives; high-temperature and display tapes; insulating materials, including tapes and resins; and related items. The company was founded in 1902 and is base d in St. Paul, Minnesota.
- [By Ben Levisohn]
Yesterday, 3M (MMM) provided earnings guidance and hiked it’s dividend, earning it ‘lots of love,’ says RBC analyst Deane Dray and team. The one problem: 3M’s valuation. They explain:
The well-attended Outlook meeting was highlighted by a healthy 20% dividend boost and mostly inline EPS guidance. 3M’s high quality earnings story is in the perfect storm of sector risk today. It is unburdened with any oil business exposure and stands to benefit from lower input costs in 2015. Our concern centers on the priced-for-perfection valuation against a short-cycle mix, supporting our Underperform rating.
MMM shares are trading at 19.4x 2015 EPS, a 21% relative P/E premium to peers and above the high-end of its (10%) to 15% historical relative P/E range. Our $155 price target assumes the shares trade at a 5% premium to our 18.0x target group multiple. Our SOP model implies a $150 share price, representing 3% downside including the dividend.
Shares of 3M have gained 0.9% to $160.43 at 3:57 p.m.
- [By Jayson Derrick]
Analysts at Credit Suisse maintained a Neutral rating on 3M company (NYSE: MMM) with a price target raised to $156 from a previous $148. Shares hit new 52-week highs of $148.79 before closing the day at $148.59, up 2.44 percent.
Top Dividend Stocks To Own Right Now: Alamo Group Inc. (ALG)
Alamo Group, Inc. provides equipment and related replacement parts for maintenance and agriculture. It offers industrial equipment, such as boom-mounted mowers and other types of cutters for heavy-duty, intensive use applications, including maintenance around highway, airport, recreational, and other public areas; heavy-duty, tractor-and truck-mounted mowing and vegetation maintenance equipment; air, mechanical broom, and regenerative air sweepers along with environmental sweepers, and pothole patchers; and products for excavation, grading, shaping, and other tasks involved in land clearing, road building, or maintenance. The company produces catch basin cleaners and roadway debris vacuum systems; parking lot sweepers; and snow plows and heavy-duty snow removal equipment, hitches and attachments for trucks, loaders, and graders. It offers a line of tractor-powered equipment, such as rotary cutters, finishing mowers, flail mowers, disc mowers, ZTR ride-on mowers, front-end loaders, backhoes, rotary tillers, posthole diggers, and scraper blades; cutting parts, plain and hard-faced replacement tillage tools, disc blades, and fertilizer application components; heavy-duty mechanical rotary mowers, snow blowers, and rock removal equipment; a line of hydraulic, boom-mounted hedge, and grass cutters, as well as other tractor attachments and implements; and hydraulic, boom-mounted hedge and hedgerow cutters, and agricultural seedbed preparation cultivators. The company also provides light-duty power arm mowers and agricultural implements; vacuum trucks, high pressure cleaning systems, and trenchers; and hydraulic and mechanical boom mowers. The company sells its products through a network of independent dealers and distributors, governmental end-users, and related independent contractors, as well as to the agricultural and commercial turf markets in the United States, England, France, Canada, and Australia. The company was founded in 1955 and is ba sed in Seguin, Texas.
- [By Garrett Cook]
In trading on Thursday, industrials shares were relative leaders, up on the day by about 0.66 percent. Top gainers in the sector included Alamo Group (NYSE: ALG), up 27.5 percent, and PMFG (NASDAQ: PMFG), up 7.8 percent.
Top Dividend Stocks To Own Right Now: Star Gas Partners L.P.(SGU)
Star Gas Partners, L.P., through its subsidiaries, operates as a home heating oil distributor and services provider in the United States. It provides its services to residential and commercial customers to heat their homes and buildings. As of March 31, 2011, the company served approximately 408,000 full-service residential and commercial home heating oil, and propane customers. It also sold home heating oil, gasoline, and diesel fuel to approximately 40,000 customers. In addition, Star Gas Partners installed, maintained, and repaired heating and air conditioning equipment, as well as provided ancillary home services, including home security and plumbing to approximately 11,000 customers. Kestrel Heat, LLC operates as the general partner of the company. Star Gas Partners, L.P. was founded in 1995 and is headquartered in Stamford, Connecticut.
- [By Louis Navellier]
Star Gas Parnters (SGU) is in the home heating oil and propane business in the Northeast and mid-Atlantic regions of the U.S. The company has used smart acquisitions of smaller competitors to become the nation’s largest retail distributor of home heating oil — Star Gas sells heating oil to about 450,000 residential and commercial customers in its region.
- [By Marc Bastow]
Home heating oil distributor and services company Star Gas Partners (SGU) raised its quarterly dividend 6% to 8.75 cents per share payable May 9 to shareholders of record May 1.
SGU Dividend Yield: 5.43%
- [By Rich Smith]
Stamford, Conn.-based Star Gas Partners (NYSE: SGU ) is about to get a new CEO.
The company (which, despite the name, actually spends more time delivering oil than gas for home heating), announced Tuesday that Chief Executive Officer Dan Donovan intends to retire on Sept. 30. When that happens, Chief Operating Officer Steve Goldman will move up to take the CEO’s chair.