Yesterday’s statement from the Federal Open Market Committee and the follow-up press conference by Fed Chairman Ben Bernanke sparked a downdraft in U.S. shares. That spread to Asia overnight, and the largest regional stock market, Japan’s Nikkei 225, lost 1.7% today. Hong Kong, which operates a monetary policy that is intimately tied to the Fed’s due to the Hong Kong dollar-U.S. dollar peg, saw its main index lose nearly 3%.
In fairness, not all of these losses are attributable to Dr. Ben and his Fed. The HSBC-Markit flash purchasing managers’ index came in at 48.3, below the forecast of 49.1, indicating that Chinese manufacturing contracted further in June.
Europe has not been spared, either: The U.K.’s FTSE 100, Germany’s DAX, and France’s CAC 40 had all dropped more than 2% as of 9:50 a.m. EDT. Finally, as we come full circle around the globe, reverberations from the Fed appear to continue to impact the U.S. market today, as the S&P 500 (SNPINDEX: ^GSPC ) and the narrower, price-weighted Dow Jones Industrial Average (DJINDICES: ^DJI ) are down 1.12% and 1.16%, respectively, at 10:05 a.m. EDT.
Top Performing Stocks To Watch Right Now: Communications Systems Inc.(JCS)
Communications Systems, Inc., together with its subsidiaries, manufactures and sells modular connecting and wiring devices, digital subscriber line filters, structured wiring systems, and media and rate conversion products primarily in North America, Europe, the Middle East, and Africa. The company?s Suttle segment manufactures and markets copper and fiber connectivity systems, enclosure systems, XDSL filters and splitters, and active technologies for voice, data, and video communications under the Suttle brand name; and residential structured wiring products under the SOHO Access brand name. This segment offers its products directly and through distributors to communication companies, smaller telephone companies, electrical/low voltage contractors, home builders, cable customers, and original equipment manufacturers. Its Transition Networks segment designs, assembles, and markets network interface devices, media converters, network interface cards, Ethernet switches, sma ll form factor pluggable modules, and other connectivity products under the Transition Networks and MILAN brand names. This segment sells its products through distributors, resellers, integrators, and original equipment manufacturers. The company?s JDL Technologies segment offers information technology (IT) solutions, including network design and integration IT service management, network security, desktop virtualization, and managed network operation center services. This segment serves educational clients, IT value added resellers, and managed service providers, as well as healthcare, enterprise, and government markets. Its Austin Taylor segment provides telephony and data networking products to telecommunications companies, distributors, and installers. This segment designs and manufactures external metal cabinets and internal metal boxes to industry standards and to customer specifications. The company was founded in 1969 and is headquartered in Minnetonka, Minnesota. Advisors’ Opinion:
- [By Victor Selva]
On Dec.24, Mario Gabelli, the Chairman and Chief Executive Officer of GAMCO Investors, Inc. added Communications Systems Inc. (JCS) at an average price of $11.05 and currently holds 330,172 shares of the stock. It was the 5th time he added the stock during this year, which makes me feel that he is betting in favor of a positive future for the consumption of network capacity.
Recommendations of the Board
Communications Systems is engaged in the manufacture and sale of modular connecting and wiring devices for voice and data communications, digital subscriber line filters, and structured wiring systems, and through its Transition Networks business unit in the manufacture of media and rate conversion products for telecommunications networks.
Few months ago the firm announced a series of actions to increase revenues and improve profitability. The first change was to operate as a holding company, monitoring and supporting all the business units: Suttle, Transition Ne tworks (TN) unit and JDL Technologies. With this “new format”, each unit will operate with a high degree of autonomy. This will result in the reduction of labor costs, the emphasizing of accountability in the units as well as better recognition of performance. “While difficult decisions for the Board, we believe the changes we have taken to restructure our parent company as a holding company and to focus on individual business unit performance is in the best interest of our shareholders and will increase shareholder value” said Curtis A. Sampson, the Company’s Board Chair and Interim CEO. Furthermore, strategic investments in the TN unit such as marketing, sales and product development will boost revenues in the future.
Severe Warning Signs
Not all are good news, we found three severe warning signs issued by GuruFocus: Piotroski F-Score of 2 is low, which usually implies poor business operation; revenue has been in decline over the past 3 years and operating margi n has been in 5-year
Top Performing Stocks To Watch Right Now: Athabasca Oil Corp (ATHOF.PK)
Athabasca Oil Corporation, formerly Athabasca Oil Sands Corp., is focused on the exploration and development of unconventional oil resource plays in Alberta, Canada. The Company is organized into two divisions: thermal oil and light oil. Thermal oil includes the Company’s assets, liabilities and operating results for the exploration, development and production of bitumen from sand and carbonate rock formations located in the Athabasca region of Northern Alberta. Light oil includes the Company’s assets, liabilities and operating results for the exploration, development and production of unconventional oil, natural gas and natural gas liquids located in various regions in the province of Alberta. Athabasca has accumulated more than 1.5 million (net) acres of oil sands leases in the Athabasca area of northern Alberta. The Company’s oil sands projects are Hangingstone (100%), Dover West Sands (100%), Dover West Carbonates (100%), Dover (40%), Birch (100%) and Grosmont (50%) . Advisors’ Opinion:
- [By Stephan Dube]
Athabasca’s most notable producers:
Suncor Energy (SU) (Part 1), see article here.Suncor Energy (Part 2), see article here.Athabasca Oil (ATHOF.PK), see article here.Canadian Natural Resources, see article here.Imperial Oil, see article here.Cenovus Energy (CVE), see article here.MEG Energy (MEGEF.PK), see article here.Devon Energy, see article here.Royal Dutch Shell, see article here.Ivanhoe Energy (IVAN), see article here.Nexen (CNOOC) (CEO), see article here.
An analysis of the current operations of the company will be examined with the objective to provide the most complete information available to potential investors before deciding to seize the opportunity that the 54,132 square miles of the Carbonate Triangle has to offer. Let’s start by introducing Athabasca, a famous and most prolific region in the Canadian oil sands as well as one of the largest reserve in the world.
Top Performing Stocks To Watch Right Now: American Axle & Manufacturing Holdings Inc. (AXL)
American Axle & Manufacturing Holdings, Inc., together with its subsidiaries, engages in the manufacture, engineering, design, and validation of driveline and drivetrain systems, and related components and chassis modules for automotive industry in the United States. The company?s driveline and drivetrain systems comprise components that transfer power from the transmission and deliver it to the drive wheels. These products include axles, chassis modules, driveshafts, power transfer units, transfer cases, chassis and steering components, driving heads, crankshafts, transmission parts, and metal-formed products. It offers products for light trucks, sport utility vehicles, passenger cars, crossover vehicles, and commercial vehicles. The company was founded in 1994 and is headquartered in Detroit, Michigan.
- [By Sue Chang]
American Axle & Manufacturing Holdings Inc. (AXL) is projected to report earnings of 56 cents a share in the third quarter.
- [By Ben Levisohn]
Cooper Tire & Rubber (CTB) has gained 1% to $24.86 today, but its trading more on whether investors expect its acquisition by Apollo Tyres to be completed. Car-part companies, however, are also exhibiting weakness today. TRW Automotive (TRW) has fallen 0.8% to $77.91, Lear (LEA) has dipped 0.4% to $74.78 and American Axel and Manufacturing (AXL) is off 0.5% to $18.99.
- [By Seth Jayson]
American Axle & Manufacturing Holdings (NYSE: AXL ) is expected to report Q1 earnings on May 3. Here’s what Wall Street wants to see:
Top Performing Stocks To Watch Right Now: Rofin-Sinar Technologies Inc (RSI)
Rofin-Sinar Technologies Inc., incorporated on July 19, 1996, is engaged in the designing, development, engineering, manufacturing and marketing of laser-based products used for cutting, welding and marking a range of materials. The Company offers a range of laser products and related services for three material processing applications: cutting, welding, and surface treatment (macro applications); marking, and fine cutting, fine welding, micro drilling, and micro structuring (micro applications). It provides a range of laser sources and laser-based system solutions to markets, such as the machine tool, automotive, semiconductor, electronics, and photovoltaic industries. Its product categories include Laser macro products, Laser marking products, Laser micro products and Components. The products are sold directly to end-users and to original equipment manufacturers (OEMs).
As of September 30, 2013, the Company had over 4,000 customers (including multinational companies with multiple facilities purchasing from the Company). During the year ended September 30, 2013 (fiscal 2013), approximately 38%, of the Company’s revenues related to sales of laser products for macro applications, approximately 13%, related to sales of components, and approximately 49%, related to sales of laser products for marking and micro applications.
LASER MACRO PRODUCTS
The Company’s carbon dioxide laser products for macro applications consist of DC Slab Series, SC Series, XL Series, STS Series, FH Series and SM Series. Its XL, STS, FH and SM Series fast-axial flow carbon dioxide lasers are used for both cutting and welding applications and are marketed under the PRC and NELC brand. XL, STS, FH, SM, FA, and PLS Series products are used primarily by the machine tool industry. Its SC Series diffusion cooled, wave-guide carbon dioxide lasers are developed and produced by Rofin-Sinar UK Ltd. The SC Series are sealed-off lasers, us ed for cutting and structuring applications. Markets for the! se include machine tool, electronics, and packaging industries. The Company’s DQ Series of Q switched, solid-state lasers are designed for applications, such as removal, cleaning and insulation of various materials in the automotive, consumer electronics and photovoltaic markets. The Company’s FL Series of high-brightness single or multi-mode fiber lasers use fiber optics as the active medium. These fiber lasers are used for cutting and welding applications, as well as for new applications, such as remote cutting. Its diode lasers are designed to meet the requirements of a range of welding, soldering and surface treatment applications.
LASER MARKING PRODUCTS
Rofin offers standardized and customized laser marking systems in different power ranges and wavelengths for use in various industrial segments. The Company’s standard PowerLine marking products consist of a range of lasers with output power from 2 watts to 100 watts with a galvo-head, a personal computer with processor, and Rofin’s VisualLaserMarker software. Special options and accessories include a double marking head allowing speeds of up to 1,600 characters per second in certain applications, as well as beam-switching and -splitting options for marking of products in multiple production lines using a single laser. It is used in the semiconductor and electronics industries. MultiScan vector scanning marker utilizes a 100 watts sealed-off carbon dioxide laser. It is used in marking of consumer goods in the packaging industry. LabelMarker Advanced is a laser-based system is Rofin’s solution. This laser system is used in any production area without additional safety requirements. The EasyMark is a transportable desktop device. The EasyMark offers a program-controlled z-axis and a rotary axis, which can optionally be integrated. An aluminum T-slot plate facilitates mounting of customer-specific work piece carriers. The EasyJewel is a transportable deskto p device developed to mark jewellery. CombiLine Cube/CombiLi! ne Advanc! ed compact laser workstations have been designed for small and medium-size batches. NuQ pulsed fiber laser sources are produced and marketed under the Nufern brand and are designed for OEM customers and integrators.
LASER MICRO PRODUCTS
The Company markets and sells a range of laser products, including, pulsed, fiber and other solid-state lasers for various spot welding and fine cutting applications; carbon dioxide Slab lasers for perforating applications; Q switched, solid-state lasers for surface structuring, and diode lasers for soldering and plastic welding applications. The Company’s manual welders for micro applications, which are sold under the name Performance Tool Open and Internal, consist of pulsed, solid-state lasers in the range of 60 watts to 200 watts, which are primarily used for fine welding applications in the medical device, jewelry and mold making industries. The StarPulse Series consists of pulsed Nd:YAG rod lasers with power ra tings from 40 to 500 watts. These are designed for use in fine welding applications, such as laser welding of reflective materials in the medical device and electronics industry.
The StarFiber Series achieve nominal powers of 100 watts up to 600 watts. The lasers can be operated in either pulse-modulated or continuous wave mode. The StarFiber Series is designed for a range of applications for fine welding and fine cutting, such as welding of electromechanic components or fine cutting. The X-Lase Series consists of picosecond pulse mode-locked fiber laser systems with an output power of upto 24 watts. Markets are in the semiconductor, electronics and display industries. In these industries, the X-Lase products can be used for thin film patterning, ablation and scribing applications. Its StarFemto Series consists of femtosecond pulse mode-locked laser systems with a maximal output power of 5 watts. Main markets are medical implants and other fine cutting or struc turing applications. The PerfoLas Systems consist of a carbo! n dioxide! laser in combination with a galvo scanning head and is used for precise cutting, drilling, and surface structuring.
The Universal Workstation (UW) and Modular Processing System (MPS) Series are modular laser-based systems that are designed to meet a variety of applications, including welding, cutting, surface modification and ablation. Depending on the application, the UW and MPS Systems can be equipped with different laser sources (femtosecond, fiber, diode, or solid-state laser) and modified for specific handlings. Series 800 are flash-lamp pumped, solid-state lasers sold to OEM customers, and system integrators for various micro and marking applications. Series LDP and LEP are diode pumped, solid-state lasers sold to OEM customers and system integrators for various micro and marking applications. Series LDPP are diode pulse-pumped Nd:YAG lasers that are designed to cut thin metals. Market is the medical devices industry. Series LFP are hybrid diode pumped, s olid state, picosecond lasers that are produced and marketed under the Lee Laser brand and are sold to OEM customers and system integrators for various micro applications.
The COMPACT and MINI Diode Laser System Series are laser systems are available in a range of output powers and wavelengths, including fiber-coupled direct beam or line source solutions, and are engineered for utilization in industrial laser materials processing, mainly for plastic welding, soldering and brazing applications in the automotive, medical device and electronic industries. The KLS Series lasers are pulsed solid-state lasers which are used for fine cutting, drilling and scribing applications. The FLS Series are lamp pumped, pulsed, solid-state lasers with high peak power for deep penetration cutting, welding and drilling. SLS CL Series are pulsed Nd:YAG solid-state lasers with output powers in the range of 5 to 250 watts. The KLS 246, FLS, LFS and SLS CL Series are all manufactured b y the Company’s Switzerland-based subsidiary LASAG.
COMP! ONENT PRODUCTS
The Company offers power supplies for pulsed and continuous wave solid-state lasers, carbon dioxide lasers, diode lasers, as well as radio frequency (RF) generators for acousto-optic Q-switches through its wholly owned subsidiary PMB Elektronik GmbH. Fiber and Optics Technology are special fiber lasers, fiber coupling products and optical engines, for use in fiber lasers are manufactured and marketed by the Company’s Finland-based subsidiary Corelase Oy. Laser Diodes and Modules are high-power semiconductor components, such as high power, high-brightness laser diodes and modules are manufactured and marketed by the Company’s subsidiaries Dilas Diodenlaser GmbH, Dilas Diodelaser Inc., Dilas Diodelaser China and m2k-laser GmbH. Fibers, fiber components, beam splitters or switches and beam combiners designed for use in industrial lasers or as beam delivery systems are manufactured and marketed by Optoskand AB. Fibers and fiber laser technology co mponents are developed, manufactured and marketed by Nufern, East Granby. The Company’s high-technology components are either integrated by other laser manufacturers into their products or are used for the Company’s own product portfolio.
The Company competes with Trumpf, GSI Group, Unitek Miyachi, Han’s Laser, Fanuc, Synrad, Coherent, IPG, Laserline and Jenoptik.
- [By Joon Choi]
Currently, the monthly relative strength indicator (RSI) reading is 83.7. (A reading over 70 is considered to be overbought.) To put this figure in perspective, the monthly RSI of the Nasdaq Composite was 85.9 on March of 2000 (the index peak), and we know what happened afterwards.
- [By Greg Harmon]
The Fresh Market (TFM), has been rising off of a bottom in March. It recently went through a ‘W’ consolidation and jumped higher, but is now retesting the top of the ‘W’. The relative strength index (RSI) has held the mid line during the pullback and remains bullish while the moving average convergence divergence indicator (MACD) is not as positive. A turn higher, back over 53.50 could be a catalyst for a long entry, but a fall under 52 sets a target for a measured move (MM) lower to 50. This stock does not report earnings until late August.
Top Performing Stocks To Watch Right Now: General Growth Properties Inc. (GGP)
General Growth Properties, Inc is an equity real estate investment trust. The firm invests in the real estate markets of the United States. It engages in owning, managing, leasing, and redeveloping high-quality regional malls. General Growth Properties, Inc was founded in 1986 and is based in Chicago, Illinois.
- [By Michael Calia]
General Growth Properties Inc.(GGP) said its fourth-quarter profit surged as it reported a higher mall-leased percentage and a bigger-than-expected increase in revenue.
- [By Myra P. Saefong]
After the close Monday, fourth-quarter results are due from the Hartford Financial Services Group Inc. (HIG) , which is projected to report earnings of 90 cents per share, Edwards LifeSciences Corp. (EW) , expected to post earnings per share of 82 cents and General Growth Properties Inc. (GGP) , expected to report a profit per share of 35 cents. For its first quarter, Hologic Inc. (HOLX) is expected to post earnings per share of 31 cents.
- [By Johanna Bennett]
General Growth Properties (GGP) gained 2.6% to close at $20.82 after S&P Dow Jones Indices said late Wednesday that it would add the real-estate investment trust to the S&P 500 index next week,
Top Performing Stocks To Watch Right Now: Fox Factory Holding Corp (FOXF)
Fox Factory Holding Corp incorporated on December 28, 2007, is a designer, manufacturer and marketer of suspension products used primarily on mountain bikes, side-by-side vehicles, or side-by-sides, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles (ATVs), snowmobiles, specialty vehicles and applications, and motorcycles. The Company designs and markets its products to original equipment manufacturers (OEM’s) in its markets, and to consumers through the aftermarket channel.
The Company offers upper mid-end and high-end front fork and rear suspension products designed for cross-country, trail, all-mountain, free-ride and downhill riding in its mountain bike product category. It also offers ride-height adjustable seat post product. Its remote adjustable seat pos allows to adjust his or her seat position for uphill, rolling trail or downhill riding without having to stop the mountain bike to adjust the seat. Its mou ntain bike products are sold in three series: evolution series, performance series and factory series.
In its powered vehicle product category, the Company offers high-end suspension products for side-by-sides, on-road vehicles with off-road capabilities, off-road vehicles and trucks, ATVs, snowmobiles, specialty vehicles and applications, and motorcycles. Products for these vehicles are designed for trail riding, racing and performance. It products in the powered vehicle category range from two inch aluminum bolt-on shocks to its patented position sensitive internal bypass shocks. The Company sells its mountain bike suspension products to more than 150 domestic and international bike OEMs. It sells its suspension products for the powered vehicles industry to OEMs
- [By Jon C. Ogg]
Fox Factory Holding Corp. (NASDAQ: FOXF) saw its quiet period end: started as Outperform with a $23 price target at Baird, started as Overweight with a $21 price target at Piper Jaffray and started as Buy with a $23 price target at SunTrust. Shares are down about 0.5% at $18.05 as the implied upside is not that stellar for recent IPO coverage.
Top Performing Stocks To Watch Right Now: BKI Investment Company Ltd (BKI)
BKI Investment Company Limited, operates in the securities industry in Australia. The Company invests in a diversified portfolio of Australian shares, trusts and interest bearing securities. The Company’s investment objective is to generate an increasing income stream for distribution to its shareholders in the form of fully franked dividends, to the extent of its available imputation tax credits, through long-term investment in a portfolio of assets that are also able to deliver long term capital growth to shareholders. During the fiscal year ended June 30, 2012, the Company invested $26.5 million into the market with major purchases including Westpac Banking Corporation, National Australia Bank, Wesfarmers Limited and Fleetwood Corporation. The Company also divested a number of holdings including BlueScope Steel, Echo Entertainment, Transfield Services, Suncorp Metway Preference Shares, Westpac Preference Shares (WBCPA) and half of the position in Westpac Preference Share s (WBCPB). Advisors’ Opinion:
- [By Chris Hill]
In this installment of Motley Fool Money, our analysts explain why they’re watching Buckeye Technologies (NYSE: BKI ) , Bristow Group (NYSE: BRS ) , and Western Union (NYSE: WU ) .
- [By Rich Smith]
Privately held (by the Koch Bros.) paper and pulp company Georgia-Pacific has agreed to acquire Buckeye Technologies (NYSE: BKI ) for the princely sum of $1.5 billion, Buckeye announced this morning.
Top Performing Stocks To Watch Right Now: Emeritus Corporation (ESC)
Emeritus Corporation operates senior living communities in the United States. The companys communities offer Alzheimers and dementia care, independent living, assisted living, specialized memory care, and skilled nursing care services. It also provides management services to independent and related-party owners of assisted living communities. As of November 15, 2012, the company operated approximately 470 senior living communities in 44 states with a resident capacity for approximately 50,000 residents. Emeritus Corporation was founded in 1993 and is headquartered in Seattle, Washington.
- [By Sean Williams]
One company with seemingly limitless upside potential today was senior housing operator Emeritus (NYSE: ESC ) , which gained 35.2% after agreeing to be purchased by Brookdale Senior Living (NYSE: BKD ) for $1.4 billion, excluding debt. Under the terms of the deal, Emeritus shareholders will receive 0.95 shares of Brookdale, and would effectively own 23% of the outstanding shares of the company once the merger is complete. Brookdale anticipates the deal being EPS neutral in 2014, and forecasts it adding $0.40 in EPS by the third year. The move certainly makes sense on paper, as cost synergies will help these two senior housing companies fight back against the expectation of declining Medicare reimbursement rates. However, over the long run, the Medicare reimbursement picture is still very cloudy, making Brookdale a riskier buy at the moment following today’s announcement.
- [By John Kell]
Brookdale Senior Living Inc.(BKD) has agreed to merge with Emeritus Corp.(ESC) in a deal that values the operator of long-term, assisted-living facilities at about $1.4 billion, as the companies look to form a national senior-living-solutions company. Emeritus surged 34% to $28.75 premarket.