Related USO Crude Futures Revisit $38 Macquarie: Oil Will Fall To Low $30s Again Why The Crude Oil Rally Is Doomed To Fail (Seeking Alpha)
Barclays has warned that commodities are vulnerable to a wave of investor liquidation event that could push the prices down as much as 25 percent.
"Investors have been attracted to commodities as one of the best performing assets so far in 2016. However, in the absence of any concerted fundamental improvements, those returns are unlikely to be repeated in Q2, making commodities vulnerable to a wave of investor liquidation that we estimate could, in a worst case scenario, knock as much as 20-25% from current price levels," analyst Kevin Norrish wrote in a note.
Top Managed Healthcare Stocks To Buy For 2016: DRDGOLD Limited(DRD)
DRDGOLD Limited, incorporated on February 16, 2015, is a surface gold tailings retreatment company. The Company operates in the central Witwatersrand (Wits) basin in Gauteng province and recovers gold from tailings. Ergo Mining Proprietary Limited (Ergo) is the Company’s operating entity. Ergo is a surface retreatment operator. Ergo’s assets cover an area approximately 62 kilometers from east to west and around 25 kilometers from north to south. The Company operates approximately two metallurgical plants, two milling and pump stations, a network of pipelines and the Brakpan tailings facility (BTF).
The Ergo plant has a total retreatment capacity of 1.8 Million tons per month. The Company’s product is dore bars. Ergo is owned by Ergo Mining Operations Proprietary Limited (EMO). The Company extracts gold through a combination of flotation, milling, carbon-in-pulp (CIP) and carbon- in-leach (CIL) processes. As of 30 June, 2015, the Company produced approximately 150,145 ounces of gold. The slime is dislodged and mixed with water and the resulting slurry is pumped to a metallurgical treatment plant for processing. The Crown and City Deep milling and pump stations partly process approximately 600 thousand tons per month. The Knights satellite plant processes approximately 200,000 to 300,000 thousand tons per month from various sites.
- [By Lisa Levin]
In trading on Wednesday, basic materials shares fell by 1.27 percent. Meanwhile, top losers in the sector included McEwen Mining Inc (NYSE: MUX), down 12 percent, and DRDGOLD Ltd. (ADR) (NYSE: DRD), down 7 percent.
Top Managed Healthcare Stocks To Buy For 2016: Atlantic Power Corporation(AT)
Atlantic Power Corporation (Atlantic Power) owns and operates a fleet of power generation assets in the United States and Canada. The Company’s power generation projects sell electricity to utilities and other commercial customers primarily under long-term power purchase agreements (PPAs). Atlantic Power operates through four segments: East U.S., West U.S., Canada and Un-Allocated Corporate. Atlantic Power’s power generation projects in operation have an aggregate gross electric generation capacity of approximately 2,140 megawatts (MW), in which its aggregate ownership interest is approximately 1,500 MW. The Company’s portfolio consists of interests in approximately 20 operational power generation projects across over nine states in the United States and approximately two provinces in Canada. The Company’s power generation projects are primarily located in California, the United States Mid-Atlantic, New York and the provinces of Ontario and British Columbia. Advisors’ Opinion:
- [By Lisa Levin]
In trading on Monday, utilities shares rose by just 0.1 percent. Meanwhile, top losers in the sector included Atlantic Power Corp (NYSE: AT), down 2 percent, and Pampa Energia S.A. (ADR) (NYSE: PAM), down 4 percent.
- [By Lisa Levin] Related WR Earnings Scheduled For February 24, 2016 Mid-Day Market Update: Ocata Therapeutics Climbs On Acquisition News; Textura Shares Slip Related AT Mid-Morning Market Update: Markets Open Higher; Tiffany Misses Q2 Expectations PVH Corp, Atlantic Power, Carlyle Group Lead Monday's After-Hours Movers Atlantic Power's (AT) CEO Jim Moore on Q4 2015 Results – Earnings Call Transcript (Seeking Alpha)
Toward the end of trading Thursday, the Dow traded down 0.24 percent to 16,960.40 while the NASDAQ declined 0.38 percent to 4,656.49. The S&P also fell, dropping 0.17 percent to 1,985.91.
Top Regional Bank Stocks To Buy Right Now: Towerstream Corporation(TWER)
Towerstream Corporation, a 4G service provider, delivers high-speed wireless Internet access to businesses in the United States. The company offers broadband services to commercial customers, and delivers access over a wireless network transmitting over regulated and unregulated radio spectrum. Its service supports bandwidth on demand, wireless redundancy, virtual private networks, disaster recovery, bundled data, and video services. The company provides its services to customers in New York City, Boston, Los Angeles, Chicago, Philadelphia, the San Francisco Bay area, Miami, Seattle, Dallas-Fort Worth, Nashville, Las Vegas-Reno, and the greater Providence area. It also operates Manhattan Wi-Fi network for mobile operators, retail/daily deal providers, and Wi-Fi operators. Towerstream Corporation offers its services directly, as well as through integrators, resellers, and online operators. The company was founded in 1999 and is based in Middletown, Rhode Island.
- [By Lisa Levin]
Towerstream Corporation (NASDAQ: TWER) shares were also up, gaining 9 percent to $3.49. Towerstream is scheduled to report Q2 financial results on August 9, 2016.
Top Managed Healthcare Stocks To Buy For 2016: East West Bancorp Inc.(EWBC)
East West Bancorp, Inc. operates as the holding company for East West Bank, which provides a range of personal and commercial banking services to small and medium-sized businesses, business executives, professionals, and other individuals in California. It offers various deposit products, including personal and business checking and savings accounts, time deposits and individual retirement accounts, travelers? checks, safe deposit boxes, and MasterCard and Visa merchant deposit services. The company?s lending activities include commercial, multifamily residential real estate, trade finance, accounts receivable, small business administration, inventory, and working capital loans, as well as commercial real estate, construction, and single-family residential real estate loans. In addition, it provides financing to facilitate its clients? business transactions between Asia and the United States. Further, the company, through its other subsidiary, East West Insurance Servic es , Inc., offers business and consumer insurance services to the southern California market. As of October 19, 2011, it operated through a network of 130 locations worldwide. The company was founded in 1998 and is headquartered in Pasadena, California.
- [By Ben Levisohn]
The twenty stocks in Worth’s basket are: Ameriprise Financial (AMP) Bank of America, Banner (BANR), Citigroup, Citizens Financial Group (CFG), East West Bancorp (EWBC), First NBC Bank Holding (FNBC), HFF (HF), KeyCorp(KEY), Legacy Texas Financial Group (LTXB), Lincoln National (LNC), Morgan Stanley, Old National Bancorp (ONB), PacWest Bancorp (PACW), PNC Financial Services Group (PNC), Principal Financial Group (PFG), Stifel Financial (SF), SVB Financial Group (SIVB), TCF Financial (TCB), and Wells Fargo.