Asian stocks fell, with a regional gauge retreating from a four-month high, as American lawmakers struggled over an accord to raise the U.S. debt limit and restore government operations.
LG Electronics Inc., the world�� No. 2 television maker that gets about 30 percent of sales in North America, slipped 0.9 percent in Seoul. Newcrest Mining Ltd. (NCM), Australia�� biggest gold producer, declined 3.9 percent as the bullion traded near a three-month low. OZ Minerals Ltd., a copper supplier, tumbled 8.1 percent in Sydney after reducing its production forecast.
The MSCI Asia Pacific excluding Japan Index dropped 0.3 percent to 471 as of 10:04 a.m. in Singapore, with about three shares falling for each that rose. Markets in Tokyo and Hong Kong are shut for holidays. With the U.S. borrowing authority set to lapse Oct. 17, Senate leaders in Washington sought a pact to avert a default and re-open the government.
��t�� a situation no one wants to be in, causing market volatility,��said Angus Gluskie, managing director at White Funds Management Ltd., where he helps oversee about $550 million ��he two political parties do need to reach an agreement. If there�� no deal by Thursday, markets will fall further. Investors are getting a little bit concerned on China after seeing a couple of weak data points.��
Best Asian Stocks To Watch Right Now: Ensign Energy Svs Com Npv (ESI.TO)
Ensign Energy Services Inc., together with its subsidiaries, provides oilfield services to the crude oil and natural gas industry in Canada, the United States, and internationally. Its oilfield services include drilling and well servicing, oil sands coring, directional drilling, underbalanced drilling, equipment rentals, transportation, wireline services, production testing services, and custom manufacturing. The company offers shallow, intermediate and deep well drilling, and specialized drilling services, including horizontal drilling, underbalanced drilling, horizontal re-entry, and slant drilling for steam assisted gravity drainage applications. It also provides coring/drilling rigs that support oil sands, coal bed methane, and shallow oil and natural gas development, as well as coring and drilling services to the mining and oil and natural gas industries. In addition, the company offers shallow to deep well services to oil and natural gas producers, such as completion s, abandonments, production workovers, and bottom hole pump changes; engages in the rental of oilfield equipment comprising drill strings, loaders, tanks, pumps, rig matting, and blow-out preventers; and offers ancillary equipment consisting of mud cleaning equipment, drill collars, drives, rotating heads, gas busters, iron roughnecks, hydraulic chokes, forklifts, and loaders. Further, it provides drilling contractor services, including directional drilling services; slickline, braided line, and production testing services; production and manufacturing services to the oil and natural gas industry; and mechanical wireline, production testing, and well optimization services, as well as designs and manufactures oil and natural gas production equipment. As of December 31, 2011, the company owned and operated a fleet of 344 land drilling and specialty rigs, as well as 139 well servicing rigs. Ensign Energy Services was founded in 1987 and is headquartered in Calgary, Canada.
Best Asian Stocks To Watch Right Now: SPX Corporation(SPW)
SPX Corporation provides flow technology products, test and measurement products, thermal equipment and services, and industrial products and services worldwide. The company?s Flow Technology segment provides products and solutions that are used to process, blend, filter, dry, meter, and transport fluids. This segment?s primary offerings include engineered pumps, mixers, process systems, heat exchangers, valves, and dehydration and drying technologies for food and beverage, general industrial, and power and energy markets. Its Test and Measurement segment provides diagnostic service tools, fare-collection systems, and portable cable and pipe locators for the transportation, telecommunications, and utility industries. The company?s Thermal Equipment and Services segment engineers, manufactures, and services cooling, heating, and ventilation products, including dry, wet, and hybrid cooling systems for the power generation, refrigeration, HVAC, and industrial markets, as well as boilers, heating, and ventilation products for the commercial and residential markets. This segment also provides thermal components and engineered services. Its Industrial Products and Services segment designs, manufactures, and markets power systems; industrial tools and hydraulic units; precision machine components for the aerospace industry; crystal growing machines for the solar power generation market; television, radio, and cell phone and data transmission broadcast antenna systems; communications and signal monitoring systems; and precision controlled industrial ovens and chambers. SPX Corporation markets its products through various channels, including stocking distributors, manufacturing representatives, third-party distributors, direct sales, and retailers. The company was formerly known as Piston Ring Company and changed its name to SPX Corporation in 1988. SPX Corporation was founded in 1911 and is headquartered in Charlotte, North Carolina.
Advisors' Opinion:- [By Damon Churchwell]
These companies manufacture processing products used by industries such as food and beverages, oil & gas, and wastewater treatment, among others. They serve a wide range of end markets that are mostly poised for increased earnings and are likely to spend on capital projects. While these positive trends persist, flow technology companies' prospects ought to remain favorable. Let's�highlight several sector participants, starting with a top selection,�SPX�(NYSE: SPW),.
5 Best Value Stocks To Buy Right Now: Astral Mining Corp (AA.V)
Astral Mining Corporation, a junior exploration company, engages in the acquisition, evaluation, exploration, and development of precious metal properties in North America. The company primarily explores for gold and silver deposits. It holds interest in the Jumping Josephine Gold property consisting of 99 mineral claims covering 43,488 hectares in the West Kootenay region of southeastern British Columbia, Canada. The company was formerly known as Amanda Resources Corp. and changed its name to Astral Mining Corporation in June 2005. Astral Mining Corporation was incorporated in 2004 and is headquartered in Vancouver, Canada. As of February 12, 2013, Astral Mining Corp. operates as a subsidiary of Orex Minerals Inc.
Best Asian Stocks To Watch Right Now: Owens-Illinois Inc.(OI)
Owens-Illinois, Inc., through its subsidiaries, manufactures and sells glass container products primarily in Europe, North America, South America, and the Asia Pacific. The company produces glass containers for beer, ready-to-drink low alcohol refreshers, spirits, wine, food, tea, juice, and pharmaceuticals, as well as for soft drinks and other non-alcoholic beverages, including returnable/refillable glass containers. It serves brewers, wine vintners, distillers, and food producers. The company sells its products directly to customers under annual or multi-year supply agreements, as well as through distributors. Owens-Illinois, Inc. was founded in 1903 and is headquartered in Perrysburg, Ohio.
Advisors' Opinion:- [By Ben Eisen and Saumya Vaishampayan]
Owens Illinois Inc. (OI) �was down 2.1% Friday. Analysts at Bank of America Merrill Lynch reportedly downgraded the glass company to neutral from buy , according to the Analyst Ratings Network.
- [By Jon C. Ogg]
Owens-Illinois Inc. (NYSE: OI) was upgraded to Overweight from Neutral by J.P. Morgan, sending shares up almost 4%.
Also see a guide to oil and stocks based up military action in Syria �prepared by UBS.
- [By Anora Mahmudova]
Owens Illinois Inc. (OI) �fell 1.9%. Analysts at Bank of America Merrill Lynch reportedly downgraded the glass company to neutral from buy , according to the Analyst Ratings Network.
Best Asian Stocks To Watch Right Now: Primo Water Corporation(PRMW)
Primo Water Corporation, together with its subsidiaries, provides three- and five-gallon purified bottled water, self-serve filtered drinking water, water dispensers, and carbonating beverage appliances in the United States and Canada. The company?s Primo Water segment sells multi-gallon purified bottled water and self-serve filtered drinking water vending service through retailers in the United States and Canada. It offers its services through point of purchase display racks or self-serve filtered water vending displays, and recycling centers. Its Primo Dispensers segment sells water dispensers that are designed to dispense Primo and other dispenser-compatible bottled water. This segment engages in dispensers sales primarily through retailers. The company also offers home beverage appliances, flavor concentrates, carbon dioxide cylinders, and accessories used with the appliances to make various cold beverages. As of December 31, 2011, its exchange and refill services wer e offered in each of the contiguous United States and in Canada at approximately 23,600 combined retail locations. Primo Water Corporation was founded in 2004 and is headquartered in Winston-Salem, North Carolina.
Advisors' Opinion:- [By John Udovich]
Small cap water stocks Primo Water Corporation (NASDAQ: PRMW), Arrowhead Water Products Ltd. (CVE: AWA) and Alkaline Water Company Inc (OTCBB: WTER) might be the last place you expect to see much action, but these stocks have been boiling lately for investors���either with news or they have been producing profits:
- [By Roberto Pedone]
Primo Water (PRMW) is a provider of multi-gallon purified bottled water, self-serve filtered drinking water, water dispensers and carbonating beverage appliances sold through major retailers in the U.S. and Canada. This stock closed up 9.6% to $2.16 in Thursday's trading session.
Thursday's Range: $1.97-$2.20
52-Week Range: $0.69-$2.20
Thursday's Volume: 329,000
Three-Month Average Volume: 145,397From a technical perspective, PRMW ripped higher here right above some near-term support at $1.85 with heavy upside volume. This stock broke out above some near-term overhead resistance at $2.14 and into new 52-week-high territory, which is bullish technical price action.
Traders should now look for long-biased trades in PRMW as long as it's trending Thursday's low of $1.97 and then once it sustains a move or close above its new 52-week high at $2.20 and above some past resistance at $2.28 with volume that hits near or above 145,397 shares. If we get that move soon, then PRMW will set up to enter new 52-week-high territory, which is bullish price action. Some possible upside targets off that move are its next major overhead resistance levels at $3 to $3.11.
Best Asian Stocks To Watch Right Now: Halfords Group Ord 1p(HFD.L)
Halfords Group plc engages in retailing automotive, leisure, and cycling products. It offers car maintenance products, including car parts, servicing consumables, workshop tools, and body repair equipment; and car enhancement comprising in-car entertainment systems, cleaning products, accessories, interior and exterior car styling products, navigation systems, and alloy wheels. The company also sells new cycles; cycle accessories, such as lights, locks, and cycle safety helmets; car travel equipment, which include roof boxes and cycle carriers; travel accessories that comprise batteries, safety equipment, and child car seats; and outdoor leisure equipment. It sells its products through operating 473 stores in the United Kingdom and the Republic of Ireland, as well as through its halfords.com and halfords.ie Web sites; and provides car servicing and repairs through its 240 car servicing centers in the United Kingdom. The company was founded in 1892 and is headquartered in R edditch, the United Kingdom.
Best Asian Stocks To Watch Right Now: Zions Bancorporation(ZION)
Zions Bancorporation, a multi bank holding company, provides various banking and related products and services in the United States. The company offers community banking services, including small and medium-sized business and corporate banking; commercial and residential development, construction, and term lending; retail banking; treasury cash management and related products and services; residential mortgage; trust and wealth management; and investment activities. It also provides personal banking services to individuals, including home mortgages, bankcard, installment loans, home equity lines of credit, checking accounts, savings accounts, time certificates, safe deposit facilities, direct deposits, and automated teller machine access. In addition, the company offers small business administration lending services; secondary market agricultural real estate mortgage loans; municipal finance advisory and underwriting services; and wealth management and online brokerage ser vices. As of December 31, 2010, Zions Bancorporation offered its banking services through 495 branches in Utah, California, Texas, Arizona, Nevada, Colorado, Idaho, Washington, Oregon, and New Mexico. The company was founded in 1873 and is headquartered in Salt Lake City, Utah.
Advisors' Opinion:- [By Inyoung Hwang]
He currently has buy recommendations on private-equity firm Fortress Investment Group LLC (FIG) and Zions Bancorporation. (ZION)
Analysts SurveyedTo compile the ranking, Stamford, Connecticut-based Greenwich Associates surveyed 945 buy-side analysts at 190 investment management firms, mutual funds, hedge funds, pension funds and insurers from December to March. The analysts were asked to name the Wall Street research teams they considered their most important sources of advice on investments.
Best Asian Stocks To Watch Right Now: Zinco Mining Corp. (ZIM.V)
Zinco Mining Corporation, a junior exploration company, engages in the discovery and development of volcanogenic massive sulphide deposits in Mexico. It holds interest in the Almatea, Cabrel, Canton, and El Volantin properties located in the Jalisco State; and El Maple/La Diana property located in Cuale district. The company was formerly known as International Croesus Ventures Corp. and changed its name to Zinco Mining Corporation in January 2007. Zinco Mining Corporation was incorporated in 1983 and is based in Surrey, Canada.
Best Asian Stocks To Watch Right Now: ProPhase Labs Inc.(PRPH)
ProPhase Labs, Inc. engages in the research, development, manufacture, distribution, marketing, and sale of over-the-counter (OTC) cold remedy and consumer products, natural base health products, and other supplements and cosmeceuticals in the United States. Its OTC offerings include Cold-EEZE, a zinc gluconate glycine product to reduce the duration and severity of the common cold symptoms; Kids-EEZE soft chews to treat chest congestion, cough/cold, or allergies; and Organix Complete cough/cold drops for coughs and sore throats due to the common cold. The company sells its consumer health products through national wholesalers and distributors, as well as independent and chain food, drug and mass merchandise stores, and pharmacies. ProPhase Labs, Inc. has a joint venture with Phusion Laboratories, LLC for the development and commercialization of non-prescription remedies using patented TPM technology. It also manufactures private label lozenges for retail customers; and man ufactures, markets, and distributes a range of homeopathic and health products. The company was formerly known as The Quigley Corporation and changed its name to ProPhase Labs, Inc. in May 2010. ProPhase Labs, Inc. was founded in 1989 and is headquartered in Doylestown, Pennsylvania.
Best Asian Stocks To Watch Right Now: Prospero Silver Corp (PSL.V)
Prospero Silver Corp., together with its subsidiary, Minera Fumarola S.A. de C.V., engages in the acquisition, exploration, and development of mineral properties in Mexico. The company primarily explores for gold, silver, and base metals. Its properties include the Campana property consisting of 9 titled claims with an area of 6,035 hectares and an untitled claim of 7,226 hectares in north-central Durango; San Luis del Cordero project situated in Durango City in Durango state; Baborigame property comprising 8 claims with an area of 8,736 hectares located to the southwest of Chihuahua city in Chihuahua state; and Santa Maria del Oro project covering 33,800 hectares situated in Durango state. The company was founded in 2008 and is headquartered in Richmond, Canada.
Best Asian Stocks To Watch Right Now: Exactech Inc.(EXAC)
Exactech, Inc. develops, manufactures, markets, distributes, and sells orthopaedic implant devices, and related surgical instrumentation and biologic services. It offers knee implants that address orthopedic surgeons? concerns for contact stress, patellar tracking, polyethylene wear, joint stability, bone preservation, and instrumentation; and hip implants for hip arthroplasty, hip fractures, and primary hip surgery. The company also provides biologics and spine products for the healing and regeneration of bone and soft tissue; and allograft tissue implants for oral and dental applications. In addition, it offers shoulder systems for the treatment of degenerative disease and trauma; hip, knee, and shoulder spacers that are used in two stage revision procedures; and an air-driven impact handpiece that surgeons could use during joint implant revision procedures to remove failed prostheses and bone cement. The company markets its orthopedic implant products through a network of independent sales agencies, direct sales representatives, and independent distributors to hospitals, surgeons and other physicians, and clinics in the United States and internationally. It has a strategic partnership with Genzyme Biosurgery Corporation for the development of polymer-based synthetic biomaterials. The company was founded in 1985 and is based in Gainesville, Florida.
Best Asian Stocks To Watch Right Now: (CRWG)
CrowdGather, Inc. engages in developing and hosting forum based Web sites. It monetizes a network of online forums and message boards to engage, provide information to, and build community around users. The company focuses on building social, advertising, and user generated content networks by consolidating existing groups of online users that post on message boards and forums. Its forum communities connect a network of people sharing their questions, expertise, and experiences. The company also provides advertising and marketing services for its online customers. It holds approximately 81 properties and 599 domain names. The company is headquartered in Woodland Hills, California.
Best Asian Stocks To Watch Right Now: 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.
Advisors' Opinion:- [By Sean Williams]
Steelmaker U.S. Steel (NYSE: X ) was another beneficiary, advancing 4.4% on the day. However, unlike Cliffs, which I think has a strong chance to rebound, I'm not nearly as enthusiastic about U.S. Steel, which boasts nearly $3.4 billion in net debt and is a very heavily shorted stock. There are other strong options in the steel sector that have far less debt to contend with, and I'd suggest not being tempted by today's rally in spite of Alcoa's strong results.
- [By Brian Stoffel]
5. U.S. Steel (NYSE: X ) , P/E of 124
Shareholders of U.S. Steel, one of America and Europe's largest steel producers, have certainly seen better days. The stock has just 10% of the value it had back in 2008 -- when the developing world hungered for steel.
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