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One of Wall Street's biggest solar stock bears suddenly changed his tune Thursday.
Top Solar Companies To Own In Right Now: Enbridge Inc(ENB)
Enbridge Inc. operates as an energy transportation and distribution company in the United States and Canada. Its Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals. The companys Gas Distribution segment operates as a natural gas utility that serves residential, commercial, and industrial customers in Central and Eastern Ontario, and Northern New York State, as well as in Quebec and New Brunswick. Its Gas Pipelines, Processing and Energy Services segment has interests in natural gas pipelines, including the Vector Pipeline and transmission and gathering pipelines in the Gulf of Mexico, as well as holds an interest in Aux Sable, a natural gas fractionation and extraction facility. This segment is also involved in the renewable energy projects, such as wind, solar, and geothermal projects with a generating capacity of approximately 2, 800 MW. The companys Sponsored Investments segment is involved in renewable and alternative power generation; crude oil and liquid petroleum transportation and storage; and natural gas and NGL gathering, treating, processing, and transportation. Enbridge Inc. has a strategic partnership with EDF Group for the development, construction, and operation of three French offshore wind farms. 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 Callum Turcan]
Bridging the way
Enbridge (NYSE: ENB ) currently carries 2.2 million barrels of crude oil and liquidseach day through its vast 15,372 thousand mile pipeline system.Enbridge has recently undergonea $6.2 billion program to grow shipping capacity in Western Canada and the Bakken by 400,000 bpd. Western Canada is home to the booming oil sands play, so Enbridge is trying to capitalize on two high-growth markets.
Top Solar Companies To Own In Right Now: Barnes Group, Inc.(B)
Barnes Group Inc., incorporated on January 30, 1925, is an industrial and aerospace manufacturer and service provider, serving a range of end-markets and customers. The Company’s engineered products, industrial technologies, and solutions are used in applications that provide transportation, manufacturing, healthcare products and technology to the world. The Company’s segments include Industrial and Aerospace. The Industrial segment includes the Molding Solutions, Engineered Components and Nitrogen Gas Products business units. The Aerospace segment includes the original equipment manufacturer (OEM) business and the aftermarket business, whichcomprises maintenance overhaul and repair (MRO) services, and the manufacture and delivery of aerospace aftermarket spare parts.
The Company’s Industrial segment is a manufacturer of engineered, precision parts, products and systems for critical applications serving customer base in end-markets, suc h as transportation, industrial equipment, consumer products, packaging, electronics, medical devices and energy. The Industrial segment engages in design phase of components and assemblies for application and systems engineering, new product development, testing and evaluation, and the manufacturing of final products. The products are sold through its direct sales force and global distribution channels. The Industrial’s Molding Solutions businesses design and manufacture customized hot runner systems, advanced mold cavity sensors and process control systems, and precision high cavitation mold assemblies. The Industrial’s Engineered Components businesses manufacture and supply precision mechanical products used in transportation and industrial applications, including mechanical springs, high-precision punched and fine-blanked components, and retaining rings. The Industrial’s Nitrogen Gas Products business manufactures nitrogen gas springs and manifold systems used to precise ly control stamping presses. The Industrial segment has manu! facturing, distribution and assembly operations in the United States, Brazil, China, Germany, Italy, Mexico, Singapore, Sweden and Switzerland. It has sales and service operations in the United States, Brazil, Canada, China/Hong Kong, France, Germany, India, Italy, Japan, Mexico, the Netherlands, Portugal, Singapore, Slovakia, South Korea, Spain, Switzerland, Thailand and the United Kingdom.
The Company’s Aerospace segment is a provider of fabricated and precision-machined components and assemblies for OEM turbine engine, airframe and industrial gas turbine builders, and the military. The Aerospace aftermarket business provides jet engine component MRO services, including services performed under its Component Repair Programs (CRPs), for turbine engine manufacturers, commercial airlines and the military. The Aerospace aftermarket activities also include the manufacture and delivery of aerospace aftermarket spare parts, including the revenu e sharing programs (RSPs) under which the Company has right to supply designated aftermarket parts over the life of the related aircraft engine programs.
The Aerospace’s fabrication and machining operations, with facilities in Arizona, Connecticut, Michigan, Ohio, Utah and Singapore, produce critical engine and airframe components through technically advanced manufacturing processes. The Aerospace aftermarket business supplements jet engine OEMs’ maintenance, repair and overhaul capabilities. Aerospace’s aftermarket facilities, located in Connecticut, Ohio and Singapore, specialize in the repair and refurbishment of highly engineered components and assemblies, such as cases, rotating life limited parts, rotating air seals, turbine shrouds, vanes and honeycomb air seals.
- [By Dave and Donald Moenning]
For those investors that like the comfort generally provided by a diversified portfolio, here’s an idea that will allow you to (a) maintain a diversified allocation in your portfolio and (b) stay out of trouble when the big, bad bears come to call on an asset class or two.
Top 5 Wireless Telecom Stocks For 2017: UnitedHealth Group Incorporated(UNH)
UnitedHealth Group Incorporated provides healthcare services in the United States. Its Health Benefits segment offers consumer-oriented health benefit plans and services to national employers, public sector employers, mid-sized employers, small businesses, and individuals; and non-employer based insurance options for purchase by individuals. It also provides health and well-being services for individuals aged 50 and older; and for services dealing with chronic disease and other specialized issues for older individuals, as well as health plans for the beneficiaries of acute and long-term care Medicaid plans. This segment offers its services through a network of 730,000 physicians and other health care professionals, and 5,300 hospitals. Its OptumHealth segment provides health, financial, and ancillary services and products that assist consumers through personalized health management solutions; benefit administration, and clinical and network management; health-based financi al services; behavioral solutions; and specialty benefits, such as dental, vision, life, critical illness, short-term disability, and stop-loss product offerings. The company?s Ingenix segment offers database and data management services, software products, publications, consulting and actuarial services, business process outsourcing services, and pharmaceutical data consulting and research services. Its Prescription Solutions segment provides integrated pharmacy benefit management services comprising retail network pharmacy contracting and management, claims processing, mail order pharmacy services, specialty pharmacy, benefit design consultation, rebate contracting and management, drug utilization review, formulary management programs, disease therapy management, and adherence programs to employer groups, union trusts, managed care organizations, Medicare-contracted plans, Medicaid plans, and third party administrators. The company was founded in 1974 and is based in Minn e tonka, Minnesota.
- [By Javier Hasse]
The Dow Jones Industrial Average gained 0.24 percent. Among the largest gainers were Goldman Sachs Group Inc (NYSE: GS) and UnitedHealth Group Inc (NYSE: UNH).
- [By Ben Levisohn]
Netflix tumbled 13% to $94.34 after gaining far fewer overseas subscribers than it had forecast. The Dow Jones Industrial Average was able to offset International Business Machines’ (IBM) 5.7% drop to $143.98 with gains from Goldman Sachs (GS), which gained 2.5% to $162.71, UnitedHealth Group (UNH), which rose 2.1% to $130.50, and Johnson & Johnson (JNJ), which advanced 1.6% to $112.67. IBM was hit by disappointing guidance, while Goldman Sachs shrugged off a low quality beat, Johnson & Johnson lifted guidance, and UnitedHealth easily topped earnings forecasts.
- [By Ben Levisohn]
Aetna (AET) beat earnings forecasts but said it is reconsidering its participation in the Affordable Care Act public exchanges, while Leerink considered whether CVS Health (CVS) has been losing pharmacy benefit customers to UnitedHealth (UNH).
- [By Ben Levisohn]
How good were UnitedHealth Group’s (UNH) earnings today? So good its stock has jumped the most in more than six years–and lifted competitors like Humana (HUM), Cigna (CI), Aetna (AET), and Anthem (ANTM) as well. Leerink’s Ana Gupte explains why the market is in love with UnitedHealth’s earnings:
John Murphy riding for UnitedHealthcare celebrates after winning stage seven of the 2015 USA Pro Challenge on August 23, 2015 Getty Images
UnitedHealthreported a solid 3Q setting off the Managed Care earnings season on a high note. The company posted a healthy 9 c EPS beat at $2.17 and modest revenue beat while raising FY16 EPS guidance by 13 c to ~$8.00. The beat was driven by an 80 bps beat on Consolidated Medical Loss Ratio and a lower effective tax rate offset by 50 bps worse SGA ratio as the company invests for future growth. Consolidated MLR of 80.3% was better than consensus by 80 bps. Importantly, the quality of the quarter as measured by reserve strength and cash flows was excellent with an improvement in DCP of 52 Days by 2 days YoY and QoQ by 1 day, while Adj. CFO of $3.2 B offered CFO to NI ratio of 1.7x. Optum shone in all three segments of Optum Rx, Optum Health & Optum Insight with top line growth of 9% and margin expansion to 6.9% in 3Q. Balance Sheet deleveraging continues with a reduction in Debt to Cap by 2% to 46.9%. Shareholder dividends have grown by 25% YoY with continued share re purchase despite the deleveraging efforts post CTRX. The unparalleled strength of the platform was effectively highlighted by the stellar performance and we have even greater conviction in our top pick status on this name.
Shares of UnitedHealth Group have jumped 7.1% to $$143.71 at 3:13 p.m. today, which would be the largest one-day move since the stock gained 8.1% on April 21, 2011. Humana has gained 2.4% to $173.90, Cigna has climbed 4.5% to $124.00, Aetna has risen 2.8% to $111.55, and Anthem has rallied 4.5% to $123.62.<
Top Solar Companies To Own In Right Now: Freeport-McMoran, Inc.(FCX)
Freeport-McMoRan Inc. (FCX), incorporated on November 10, 1987, is a natural resource company with a portfolio of mineral assets, and oil and natural gas resources. The Company’s segments include the Morenci, Cerro Verde, Grasberg and Tenke Fungurume copper mines, the Rod & Refining operations and the U.S. Oil & Gas Operations. FCX has organized its operations into five primary divisions: North America copper mines, South America mining, Indonesia mining, Africa mining and Molybdenum mines. The Company’s portfolio of assets includes the Grasberg minerals district in Indonesia, mining operations in North and South America, the Tenke Fungurume (Tenke) minerals district in the Democratic Republic of Congo (DRC) in Africa, and oil and natural gas assets in the United States.
The Company’s Atlantic Copper unit in Spain smelts and refines copper concentrates, and markets refined copper and precious metals in slimes. The Company has a smelter at its Miami, Arizona, m ining operation; a cobalt chemical refinery in Kokkola, Finland; molybdenum conversion facilities in the United States and Europe; over four non-operating copper mines in North America (Ajo, Bisbee and Tohono in Arizona and Cobre in New Mexico), and other mining support entities.
North America Copper Mines
FCX has over seven operating copper mines in North America, including Morenci, Bagdad, Safford, Sierrita and Miami in Arizona, and Tyrone and Chino in New Mexico. The North America copper mines include open-pit mining, sulfide ore concentrating, leaching and solution extraction/electrowinning (SX/EW) operations. The copper produced at the North America copper mines is cast into copper rods by its Rod & Refining operations. In addition to copper, the Company’s North America copper mines also produce molybdenum concentrates and silver. The Morenci open-pit mine, located in southeastern Arizona, produces copper cathodes and copper concentrate. In add ition to copper, the Morenci mine also produces molybdenum c! oncentrate.
South America Mining
South America mining includes over two operating copper mines: Cerro Verde in Peru and El Abra in Chile. These operations include open-pit mining, sulfide ore concentrating, leaching and SX/EW operations. The Cerro Verde open-pit copper mine, located near Arequipa, Peru, produces copper cathodes and copper concentrates. In addition to copper, the Cerro Verde mine also produces molybdenum concentrate and silver.
Indonesia mining includes PT Freeport Indonesia’s Grasberg minerals district. It produces copper concentrates, which contain quantities of gold and silver.
Africa mining includes the Tenke minerals district. The Tenke operation includes surface mining, leaching and SX/EW operations and produces copper cathode. In addition to copper, the Tenke operation produces cobalt hydroxide.
Molybde num mines include the Henderson underground mine and Climax open-pit mine in Colorado. The Henderson and Climax mines produce chemical-grade molybdenum concentrates, which are processed into molybdenum chemical products.
Rod & Refining
The Rod & Refining segment consists of copper conversion facilities located in North America, and includes a refinery, over three rod mills and a copper products facility. These operations process copper produced at its North America copper mines and purchased copper into copper cathode, rod and custom copper shapes. These operations also refine copper and produce copper rod and shapes for customers on a toll basis.
United States Oil and Gas Operations
Its U.S. Oil & Gas Operations include oil and natural gas assets in the Deepwater Gulf of Mexico (GOM), onshore and offshore California, the Haynesville shale in Louisiana, the Madden area in central Wyoming and a position in the Inboard Lower Tertiary/Cretaceous natural gas trend onshore in South Louis! iana.
- [By Lisa Levin]
On Thursday, basic materials shares surged by 3.14 percent. Meanwhile, top gainers in the sector included Vale SA (ADR) (NYSE: VALE), up 15 percent, and Freeport-McMoRan Inc (NYSE: FCX) up 16 percent.
Top Solar Companies To Own In Right Now: Gas Natural Inc.(EGAS)
Gas Natural Inc., incorporated on July 1, 2010, is a natural gas company. The Company operates through three segments: Natural Gas; Marketing and Production, and Corporate and Other.
The Natural Gas segment annually distributes approximately 20 billion cubic feet of natural gas to its customers through regulated utilities operating in Maine, Montana, North Carolina and Ohio. The Company’s operations in Maine provide natural gas service to customers in Bangor, Brewer, Old Town, Orono, Bucksport, Hermon, Veazie and Lincoln. Its operations in Montana provide natural gas service to customers in Cascade, Gallatin and Glacier counties. Its North Carolina operations provide natural gas service to customers in Ashe, Surry, Warren, Watauga, Wilkes and Yadkin counties. The Company’s Ohio operations provide natural gas service to customers in Ashland, Ashtabula, Carroll, Columbiana, Coshocton, Cuyahoga, Fairfield, Franklin, Geauga, Guernsey, Harr ison, Hocking, Holmes, Huron, Knox, Lake, Lorain, Mahoning, Medina, Portage, Richland, Stark, Summit, Trumbull, Tuscarawas, Washington and Wayne counties. The Company’s natural gas utility subsidiaries include Bangor Gas Company, LLC (Maine), Brainard Gas Corp (Ohio), Cut Bank Gas Company (Montana), Energy West Montana, Inc. (Montana), Frontier Natural Gas, LLC (North Carolina), Northeast Ohio Natural Gas Corp (Ohio) and Orwell Natural Gas Company (Ohio).
Marketing and Production
The Company’s Marketing and Production segment annually markets approximately 1.5 billion cubic feet of natural gas to commercial and industrial customers in Montana, Wyoming and Ohio through its subsidiaries, Energy West Resources, Inc. (EWR) and Gas Natural Resources, LLC (GNR). The Company also manages midstream supply and production assets for transportation customers and utilities through its subsidiary, EWR. EWR owns interest in approximately 160 natural gas producing wells in operation on state lease mineral rights in Glacier! and Toole Counties in Montana.
The Company competes with Northern Utilities Inc., Maine Natural Gas, Northwestern Energy, Montana-Dakota Utilities Co., Dominion East Ohio, Columbia Gas of Ohio and National Gas & Oil.
- [By Monica Gerson]
Gas Natural Inc (NYSE: EGAS) is projected to post its quarterly earnings at $0.23 per share.
Caleres Inc (NYSE: CAL) is expected to post its quarterly earnings at $0.23 per share on revenue of $632.89 million.