Sunday, July 22, 2018

2,880 Shares in Target Co. (TGT) Acquired by Beese Fulmer Investment Management Inc.

Beese Fulmer Investment Management Inc. purchased a new position in shares of Target Co. (NYSE:TGT) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,880 shares of the retailer’s stock, valued at approximately $219,000.

Several other hedge funds also recently bought and sold shares of the stock. LSV Asset Management boosted its holdings in shares of Target by 9.0% during the first quarter. LSV Asset Management now owns 7,405,839 shares of the retailer’s stock worth $514,187,000 after purchasing an additional 610,674 shares during the period. American Century Companies Inc. boosted its holdings in shares of Target by 17.1% during the first quarter. American Century Companies Inc. now owns 7,098,208 shares of the retailer’s stock worth $492,829,000 after purchasing an additional 1,038,937 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Target by 1.8% during the first quarter. Dimensional Fund Advisors LP now owns 4,160,156 shares of the retailer’s stock worth $288,826,000 after purchasing an additional 72,185 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of Target by 13.2% during the first quarter. Schwab Charles Investment Management Inc. now owns 3,874,432 shares of the retailer’s stock worth $269,002,000 after purchasing an additional 452,349 shares during the period. Finally, O Shaughnessy Asset Management LLC boosted its holdings in shares of Target by 3.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 1,593,657 shares of the retailer’s stock worth $110,649,000 after purchasing an additional 55,660 shares during the period. Institutional investors and hedge funds own 85.38% of the company’s stock.

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In other news, insider Laysha Ward sold 43,926 shares of Target stock in a transaction that occurred on Monday, June 11th. The shares were sold at an average price of $79.33, for a total value of $3,484,649.58. Following the transaction, the insider now owns 90,460 shares of the company’s stock, valued at $7,176,191.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Janna A. Potts sold 5,152 shares of Target stock in a transaction that occurred on Monday, June 4th. The shares were sold at an average price of $75.00, for a total transaction of $386,400.00. Following the completion of the transaction, the insider now directly owns 22,304 shares in the company, valued at approximately $1,672,800. The disclosure for this sale can be found here. In the last three months, insiders sold 51,813 shares of company stock worth $4,076,175. Insiders own 0.19% of the company’s stock.

Several brokerages recently weighed in on TGT. MKM Partners set a $91.00 price objective on shares of Target and gave the company a “buy” rating in a research report on Friday, June 29th. Credit Suisse Group set a $86.00 price objective on shares of Target and gave the company a “buy” rating in a research report on Monday, May 14th. ValuEngine raised shares of Target from a “hold” rating to a “buy” rating in a research report on Monday, May 14th. Susquehanna Bancshares reaffirmed a “positive” rating and set a $84.00 price objective on shares of Target in a research report on Thursday, June 7th. Finally, Guggenheim reaffirmed a “hold” rating on shares of Target in a research report on Wednesday, May 23rd. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $75.47.

Target opened at $77.76 on Friday, MarketBeat Ratings reports. Target Co. has a 12 month low of $53.90 and a 12 month high of $79.59. The company has a market capitalization of $41.83 billion, a PE ratio of 16.51, a PEG ratio of 2.48 and a beta of 0.72. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.18 and a current ratio of 0.90.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, May 23rd. The retailer reported $1.32 EPS for the quarter, missing the Zacks’ consensus estimate of $1.38 by ($0.06). Target had a net margin of 4.09% and a return on equity of 23.34%. The firm had revenue of $16.78 billion during the quarter, compared to the consensus estimate of $16.58 billion. During the same period in the prior year, the business earned $1.21 EPS. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. analysts predict that Target Co. will post 5.28 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 10th. Stockholders of record on Wednesday, August 15th will be given a $0.64 dividend. This is a positive change from Target’s previous quarterly dividend of $0.62. The ex-dividend date is Tuesday, August 14th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 3.29%. Target’s dividend payout ratio (DPR) is currently 52.65%.

Target Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials, including beauty products, personal and baby care products, cleaning products, paper products, and pet supplies; food and beverage products, such as dry grocery, dairy, frozen food, beverage, candy, snacks, deli, bakery, meat, and produce products; and apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

Friday, July 20, 2018

Skyworks (SWKS) Beats Earnings, Climbs 3% on Strong Performance

Skyworks Solutions (SWKS ) just released its latest quarterly results, posting earnings of $1.64 per share and revenues of $894.3 million.

Currently, SWKS is a Zacks Rank #3 (Hold), but that could change based on today’s results. Investors should note that our consensus estimate for SWKS’s earnings has seen positive movement in the last month, ticking up three cents to $1.59 per share for the quarter. The company has seen mixed revisions for the current fiscal year, but projections have still increased 20 cents in the last month, bringing the figure to $7.11 per share. 

Shares of the company have risen 2.4% over the past month and were up 0.4% during regular trading hours today.

However, the stock is currently up about 3% to $105.30 per share in after-hours trading shortly after its earnings report was released.

SWKS:

Beat earnings estimates. The company reported non-GAAP diluted earnings of $1.64 per share, topping the Zacks Consensus Estimate of $1.59 per share and up 4.5% year-over-year.

Beat revenue estimates. The company saw revenue figures of $894.3 million, surpassing our consensus estimate of $887.71 million but down 0.7% year-over-year.

“Skyworks exceeded June quarter expectations driven by our broadening market reach, solid execution and resilient business model,” said Liam K. Griffin, president and chief executive officer of Skyworks. “We are gaining first-mover advantage across Internet of Things and rapidly emerging 5G applications with our Sky5™ platform. Leveraging our scale and decades of system-level expertise, we are positioned to capitalize on increasing demand for powerful and complex connectivity engines as the global data economy accelerates.”

The company set the following financial guidance for Q4 FY18:

“Skyworks is on track to deliver another record year of top and bottom line results,” said Kris Sennesael, senior vice president and chief financial officer of Skyworks. “Specifically, for the fourth fiscal quarter of 2018, we expect revenue to be up 11 to 13 percent sequentially as design win momentum transitions to volume production. At the $1 billion midpoint of this revenue range, we anticipate continued margin expansion and 16 percent sequential growth in non-GAAP diluted earnings per share to $1.91. Further, given our confidence in Skyworks’ strategic outlook, today we are announcing a substantial raise to our quarterly dividend.”

Here’s a graph that looks at SWKS’s recent earnings performance:

Skyworks Solutions, Inc. Price, Consensus and EPS Surprise

Skyworks Solutions, Inc. Price, Consensus and EPS Surprise | Skyworks Solutions, Inc. Quote

Based in Woburn, Massachusetts, Skyworks Solutions designs, manufactures, and markets a broad range of analog and mixed signal semiconductors that enable wireless connectivity. The company’s products include power amplifiers (PAs), front-end modules (FEMs), radio frequency (RF) sub-systems, and cellular systems.

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Thursday, July 19, 2018

Here's How to Play Netflix After Earnings

Chris JohnsonChris Johnson

Few stocks get as much publicity as Netflix Inc.�(Nasdaq: NFLX).

Anyone with even a marginal interest in the stock market knows that the company reported mixed earnings Monday night, beating estimates on earnings but missing on revenue and the all-important subscriber-growth metric.

The stock plunged as much as 14% on Tuesday but quickly bounced back to net a drop of just 5.2%.

Analysts were quick to defend the stock, saying the dip provided an excellent buying opportunity. Some even raised their price targets. I guess year-over-year growth of 40% and a stock up 98% for the year – after the earnings plunge – deserves some leeway.

But of course this is all stuff you can read on Google News; just plug "Netflix" into the search bar, and you'll get dozens of stories saying mostly the same thing.

I'm going to show you something you won't get anywhere else, though: my proprietary analysis, which is spotlighting a juicy profit play here.

Join the conversation. Click here to jump to comments…

Chris JohnsonChris Johnson

About the Author

Browse Chris's articles | View Chris's research services

Chris Johnson is a quant - he's obsessed with building and perfecting mathematical models that allow him to predict, with startling accuracy, the direction of the markets, entire sectors, and individual securities. For the last year, he's been researching and building a new system that lets him move swiftly in and out of the hottest stocks in the market for life-changing gains - entirely on his own terms. The results of his newly-minted Night Trader system are nothing short of amazing.

Chris also contributes to Money Morning as the Quant Analysis Specialist.

… Read full bio

Friday, July 13, 2018

Factom (FCT) Price Reaches $10.07 on Exchanges

Factom (CURRENCY:FCT) traded down 5.8% against the dollar during the 24 hour period ending at 20:00 PM E.T. on July 12th. One Factom coin can currently be purchased for approximately $10.07 or 0.00160527 BTC on major exchanges including Bit-Z, Bittrex, Poloniex and BCEX. During the last seven days, Factom has traded 5.3% lower against the dollar. Factom has a total market capitalization of $88.02 million and $111,107.00 worth of Factom was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed during the last day:

Get Factom alerts: XRP (XRP) traded down 1.8% against the dollar and now trades at $0.44 or 0.00007033 BTC. Stellar (XLM) traded down 1.6% against the dollar and now trades at $0.19 or 0.00002980 BTC. Tether (USDT) traded 0.2% lower against the dollar and now trades at $1.00 or 0.00015959 BTC. IOTA (MIOTA) traded down 2.2% against the dollar and now trades at $0.97 or 0.00015541 BTC. TRON (TRX) traded down 1.5% against the dollar and now trades at $0.0330 or 0.00000526 BTC. NEO (NEO) traded 3.2% lower against the dollar and now trades at $32.59 or 0.00519714 BTC. Binance Coin (BNB) traded 3% lower against the dollar and now trades at $12.29 or 0.00196039 BTC. VeChain (VET) traded 4.7% lower against the dollar and now trades at $2.12 or 0.00033732 BTC. Ontology (ONT) traded up 0.1% against the dollar and now trades at $3.49 or 0.00055682 BTC. Zilliqa (ZIL) traded 0.9% lower against the dollar and now trades at $0.0680 or 0.00001084 BTC.

About Factom

Factom’s launch date was September 1st, 2015. Factom’s total supply is 8,745,102 coins. The Reddit community for Factom is /r/factom and the currency’s Github account can be viewed here. The official website for Factom is factom.org. Factom’s official Twitter account is @factom and its Facebook page is accessible here.

According to CryptoCompare, “Will Factoids have their own blockchain? Ultimately Factoids will be implemented on their own Chain in Factom. For the crowd sale, other options are possible. How are Factoids created? Two ways. Factoids will be created as a part of the crowd sale. Secondly, Factoids will be created at a fixed rate and paid to the Factom Servers and Audit Servers for their work running the system, and to pay other incentives. Is there a separate Proof of Work or other consensus mechanism for factoids, independent of factom? No. That said, the Factom chain and the Entry chain are managed by the Factom Servers (they are the application using these chains) so they validate them in real time. No invalid entries can be placed in these chains. How do factoids get sent back to the protocol? Is it a kind of burn? � No. The Entry Credits are burned. Entry Credits are non transferable. They can only be used to buy entries. But when they DO buy entries, the Factoid in the protocol that was used to buy the Entry Credits is released. The amount of Factoids varies since the price of Entry Credits per Factoid varies. � The Factoid paid out is calculated by dividing the total number of Factoid in the protocol by the number of outstanding Entry Credits. � The number of Factoids in the protocol and the number of outstanding Entry Credits are all computable from the Entry Chain and the Factoid Chain. � “

Factom Coin Trading

Factom can be bought or sold on these cryptocurrency exchanges: BCEX, Upbit, Cryptopia, Poloniex, Bit-Z, Bittrex and Qryptos. It is usually not presently possible to buy alternative cryptocurrencies such as Factom directly using US dollars. Investors seeking to acquire Factom should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Factom using one of the exchanges listed above.

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Wednesday, July 11, 2018

Beacon Financial Group Reduces Stake in Novartis AG (NVS)

Beacon Financial Group lowered its stake in Novartis AG (NYSE:NVS) by 4.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,670 shares of the company’s stock after selling 1,283 shares during the quarter. Beacon Financial Group’s holdings in Novartis were worth $2,241,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Winthrop Partners WNY LLC acquired a new position in shares of Novartis in the first quarter valued at approximately $100,000. Gables Capital Management Inc. acquired a new position in shares of Novartis in the first quarter valued at approximately $103,000. Archford Capital Strategies LLC acquired a new position in shares of Novartis in the first quarter valued at approximately $149,000. Private Capital Group LLC increased its stake in shares of Novartis by 410.8% in the first quarter. Private Capital Group LLC now owns 2,467 shares of the company’s stock valued at $204,000 after buying an additional 1,984 shares during the period. Finally, Rehmann Capital Advisory Group acquired a new position in shares of Novartis in the fourth quarter valued at approximately $211,000. 10.91% of the stock is owned by hedge funds and other institutional investors.

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NVS has been the subject of several recent research reports. Deutsche Bank reaffirmed a “neutral” rating on shares of Novartis in a research note on Tuesday, April 10th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Novartis in a research note on Monday, April 9th. Zacks Investment Research downgraded Novartis from a “hold” rating to a “sell” rating in a research note on Thursday, June 7th. HSBC downgraded Novartis from a “buy” rating to a “hold” rating in a research note on Tuesday, May 29th. Finally, ValuEngine downgraded Novartis from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $92.33.

NYSE:NVS traded down $0.94 on Wednesday, reaching $76.35. 1,728,921 shares of the stock traded hands, compared to its average volume of 1,697,902. The company has a market capitalization of $179.60 billion, a PE ratio of 15.87, a P/E/G ratio of 1.66 and a beta of 0.75. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.91 and a current ratio of 1.17. Novartis AG has a 1-year low of $72.30 and a 1-year high of $94.19.

Novartis (NYSE:NVS) last released its earnings results on Thursday, April 19th. The company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.03. The business had revenue of $12.69 billion during the quarter, compared to the consensus estimate of $12.45 billion. Novartis had a net margin of 16.04% and a return on equity of 16.23%. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.13 EPS. research analysts predict that Novartis AG will post 5.22 EPS for the current year.

In other news, major shareholder Institutes For Biomed Novartis bought 766,666 shares of the firm’s stock in a transaction on Monday, April 23rd. The stock was acquired at an average price of $15.00 per share, with a total value of $11,499,990.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.01% of the company’s stock.

Novartis Company Profile

Novartis AG researches, develops, manufactures, and markets a range of healthcare products worldwide. The company's Innovative Medicines segment offers patented prescription medicines to enhance health outcomes for patients and health-care providers. This segment also commercializes products in the areas of oncology and rare diseases, ophthalmology, immunology and dermatology, neuroscience, respiratory, cardio-metabolic, and established medicines.

Institutional Ownership by Quarter for Novartis (NYSE:NVS)

Tuesday, July 10, 2018

Nine Energy Service Could Fall When Lockup Expires

The 180-day lockup period for Nine Energy Service Inc. (NINE) ends on July 18, 2018. When this six-month period ends, the company's pre-IPO shareholders and insiders will have the opportunity to sell more than 17 million currently-restricted shares. The potential for a sudden increase in the volume of shares traded on the secondary market is significant - just 7 million shares of NINE are trading pursuant to the IPO - and could negatively impact the stock price of NINE in the short-term.

(Source: S-1/A)

Currently, NINE trades in the $31 to $32. NINE has a return from IPO of 35.3%. Shares of Nine Energy Service had a first day return of 13.5%.

Business Overview: Operator of Completion and Production Services in Oil and Gas Development

Nine Energy Service is an onshore completion and production service provider in North America. The company focuses on unconventional oil and gas development, and it operates in two primary segments: production solutions and completion solutions.

(Source: Nine Energy Service website)

The production solution segment offers well workover and production enhancement through well servicing equipment and other equipment. The company maintains a fleet of close to 100 rigs. The completion solution segment provides coiled tubing services, wireline services, completion technologies, open-hole float and centralizer equipment, dissolvable and fully-composite frac plugs, stage-one prep tools, frac sleeves, fracture isolation packers, and other cementing services.

Nine Energy Service offers its portfolio to clients in all major onshore basins in the United States and Canada.

The company was originally called NSC-Tripoint and became Nine Energy Service Inc. in 2011. The company maintains headquarters in Houston, Texas and has approximately 1,800 employees.

Company information was sourced from the firm's S-1/A.

Financial Highlights

Nine Energy Service reported the following financial highlights for the first quarter of 2018:

Revenue totaled $173.8 million. Net income totaled $1.7 million with an adjusted EBITDA of $24.1 million. Revenue increased approximately 13% as compared to the same quarter in 2017. Nine Energy Service reported net income of $1.7 million resulting in $0.08 per diluted share. This is in contrast to a net loss of $(29.8) million resulting in a $(1.89) per diluted share for the same quarter of 2017. The Company reported an adjusted EBITDA of $24.1 million, an improvement of approximately 29% in contrast to the same quarter 2017 and an adjusted EBITDA of $18.7 million. This was the fifth sequential quarterly increase. For the first quarter of 2018, Nine Energy Service generated an ROIC of 3%.

Financial highlights were sourced from the company's website.

Management Team

President and CEO Ann Fox has served the company in her current position since July 2015. She joined the company in 2013. Her previous experience comes from positions at SCF Partners, Prudential Securities, and Warburg Dillon Read. She served in the United States Marine Corps and served in active duty in Iraq. Ms. Fox earned an MBA from Harvard Business School and graduated from Georgetown University's Walsh School of Foreign Service with a BS in Diplomacy and Security in World Affairs.

EVP David Crombie has served the company since 2015. His previous experience includes positions at Crest Pumping Technologies, and Halliburton Energy Services. He has extensive experience in domestic and international cementing and stimulation operations in Saudi Arabia, the Gulf of Mexico, Oklahoma, the Fort Worth Basin, and the Permian Basin.

Management bios were sourced from the company's website.

Competition: Schlumberger, Weatherford International and Others

Nine Energy Service faces competition from a variety of service providers in the E&P industry, including Superior Energy Services (SPN), Basic Energy Services (BAS), Key Energy Services (KEG), Pioneer Energy Services (PES), C&J Energy Services (NYSEMKT:CJ), Weatherford International (WFT), Baker Hughes (BHGE), and Schlumberger (SLB).

Early Market Performance

The underwriters for Nine Energy Service priced its IPO at $23 per share, at the high end of its expected price range of $20 to $23. Its six-month performance on the NYSE has been a steady climb. The stock closed on its first day of trading at $23 and then rose to a high of $38.36 on May 17.

Conclusion

When the 180-day IPO lockup period for NINE expires on July 18th, pre-IPO shareholders and company insiders will be able to sell large blocks of currently-restricted stock for the first time. We believe that they will be motivated to do so - NINE has a return from IPO of more than 35%. Significant sales of stock could flood the secondary market for NINE and cause a sharp, short-term drop in share price.

Aggressive, risk-tolerant investors should consider shorting shares of NINE ahead of the July 18th IPO lockup expiration. Interested investors should cover these short positions during the July 19th trading session.

Disclosure: I am/we are short NINE.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Monday, July 9, 2018

Market Liking Mexico's New President Lopez Obrador

&l;p&g;&l;img class=&q;dam-image bloomberg size-large wp-image-42619833&q; src=&q;https://specials-images.forbesimg.com/dam/imageserve/42619833/960x0.jpg?fit=scale&q; data-height=&q;640&q; data-width=&q;960&q;&g; Andr&a;eacute;s Manuel L&a;oacute;pez Obrador, the winner of Mexico&a;rsquo;s presidential election, is already a superstar in Latin America. Mexico&a;rsquo;s stock market rocketed on his win despite rumors that he is some sort of socialist, antimarket left winger.&a;nbsp;Photographer: Cesar Rodriguez/Bloomberg.

Andr&a;eacute;s Manuel L&a;oacute;pez Obrador won the Mexican presidency on Sunday and the market has been rising ever since. So much for &a;ldquo;socialists&a;rdquo; being a drain on the market. That&a;rsquo;s largely because despite all the fanfare from a chorus of &l;a href=&q;https://www.newyorker.com/magazine/2018/06/25/a-new-revolution-in-mexico&q; target=&q;_blank&q;&g;left-wing pundits &l;/a&g;and &l;a href=&q;https://www.thenation.com/article/social-movements-propel-lopez-obrador-victory/&q; target=&q;_blank&q;&g;political activists&l;/a&g;, AMLO, as Obrador is best known, &l;a href=&q;http://time.com/5329128/amlo-trump-relations-us-mexico/&q; target=&q;_blank&q;&g;won on the promise &l;/a&g;to invest in the productive sector, reign in corruption and&l;a href=&q;https://ftalphaville.ft.com/2018/07/02/1530544304000/The-Amlo-wdown/&q; target=&q;_blank&q;&g; get austere with the government spending &l;/a&g;he deems useless to running the country.

&l;p class=&q;tweet_line&q;&g;Morgan Stanley upgraded Mexico from equal-weight to 0verweight&a;nbsp;shortly after AMLO won with over 50% of the vote.&l;/p&g;

&a;ldquo;The main reason behind our upgrade is valuations,&a;rdquo; says&a;nbsp;Guilherme Paiva, one of the five authors of a Morgan report published on July 4. Mexican stocks currently trade at 13.6 times forward earnings and have been taking it on the chin this year due to NAFTA trade talks and concerns over AMLO. Investors now feel they have a better grip on AMLO, who has promised more investment in productive sectors of the economy&a;mdash;namely oil and gas&a;mdash;as well as promising not to increase taxes. A tax hike on gasoline two years ago did not go over well in Mexico. Protests erupted. AMLO and his party, MORENA, were quick to point out that the government has a penchant for spending revenues unwisely ...&a;nbsp;&l;a href=&q;http://www.naturalgasintel.com/articles/113934-corruption-is-everywhere-within-company-says-former-pemex-chief&q; target=&q;_blank&q;&g;as &l;/a&g;in lining one&a;rsquo;s own pockets instead of for the benefit of society. AMLO&a;rsquo;s tack on corruption put him over the top on Sunday.

&l;img class=&q;dam-image getty size-large wp-image-947131088&q; src=&q;https://specials-images.forbesimg.com/dam/imageserve/947131088/960x0.jpg?fit=scale&q; data-height=&q;640&q; data-width=&q;960&q;&g; Mexican&a;nbsp;telecom billionaire Carlos Slim. Morgan Stanley goes overweight America Movil. Photo&a;nbsp;by PEDRO PARDO/AFP/Getty Images.

Moreover, the Mexican economy continues to expand at a moderate pace&a;mdash;something AMLO has criticized as being too slow. The outlook for corporate earnings growth in 2018-2019 remains strong, according to Morgan Stanely&a;rsquo;s Latin America analysts.

Their three best stock picks are already on the rise: cement maker Cemex; Mexico&a;rsquo;s Coca-Cola, Femsa; and billionaire Carlos Slim&a;rsquo;s telecom America Movil. Investors seem willing to believe that Slim&a;rsquo;s worth to AMLO in the early 2000s during his Mexico City governorship will help him. AMLO has promised to decentralize telecommunications in Mexico, largely controlled by Slim.

Any political uncertainty going forward has been priced in.

&l;!--donotpaginate--&g;

&l;strong&g;Pemex, On The Other Hand...&l;/strong&g;

&l;img class=&q;dam-image bloomberg size-large wp-image-42379263&q; src=&q;https://specials-images.forbesimg.com/dam/imageserve/42379263/960x0.jpg?fit=scale&q; data-height=&q;640&q; data-width=&q;960&q;&g; A Petroleos Mexicanos&a;nbsp;(Pemex) oil pump stands in Villahermosa, Tabasco State, Mexico, on April 18, 2018. Mexico&s;s oil heartland voted for Andr&a;eacute;s Manuel L&a;oacute;pez Obrador, the only candidate promising&a;nbsp;to invest in energy. Photographer: Alejandro Cegarra/Bloomberg.

Mexico&a;eacute;s oil company, Pemex, is expected to go through some changes under AMLO. He campaigned on using Pemex as a form of social investment, including putting money to work at new refineries and tackling corruption at the company. He said existing energy reform laws will remain intact.

&l;p class=&q;tweet_line&q;&g;Pemex will continue to face serious challenges, Fitch Ratings said this week. Their investment-grade-credit rating faces some duress. The company&a;rsquo;s onerous tax burden has led to an increase in the company&a;rsquo;s total debt to $106 billion as of March 2018 from $64 billion during 2013. While not expected, should&a;nbsp;AMLO lower&a;nbsp;Pemex&a;rsquo;s taxes to be in line with international industry practices, the company&a;rsquo;s&a;nbsp;creditworthiness could improve, Fitch senior director&a;nbsp;Lucas Aristizabal says. Pemex is currently rated BBB-.

&a;ldquo;Mexico&a;rsquo;s government is highly incentivized to support the company by the very strong socio-political and financial consequences that a company&a;rsquo;s financial distress would have for the country,&a;rdquo; he says. Financial distress at&a;nbsp;Pemex&a;nbsp;could disrupt the supply of oil and gas in Mexico, a situation which could have material social and economic consequences for the country and for AMLO. Mexico is a net importer of oil and gas. Pemex&a;nbsp;is still dependent on the import of basic oil products, including dry gas, petroleum products, and petrochemicals to supply local demand.

Under Mexican law, the president appoints all 10 members of the company&a;rsquo;s board of directors. When that happens, investors will have a better sense of Pemex&a;rsquo;s next five years and what it means for the overall economy.

For now, the window of opportunity to buy may be closing.

NAFTA trade talks could weaken Mexico, along with a stronger dollar. The Trump administration seems more focused on China trade at the moment. No trade deal with &l;a href=&q;https://www.cnbc.com/video/2018/07/03/no-nafta-deal-this-year-maybe-not-2019-either-former-ambassador-to-canada.html&q; target=&q;_blank&q;&g;Mexico or Canada is expected this year.&l;/a&g;

&l;strong&g;See: &l;a href=&q;http://nymag.com/daily/intelligencer/2018/07/amlo-not-mexico-trump.html&q; target=&q;_blank&q;&g;AMLO Isn&s;t Mexico&s;s Trump, Nor Is He Trump&s;s Natural Enemy&l;/a&g;&a;nbsp;&a;mdash; The New Yorker&l;/strong&g;

&l;strong&g;&l;a href=&q;https://mexiconewsdaily.com/news/amlo-cabinet-secretaries/&q; target=&q;_blank&q;&g;Meet AMLO&s;s Cabinet Of 8 Women And 8 Men&l;/a&g;&a;nbsp;&a;mdash; Mexico Daily News&l;/strong&g;

&l;strong&g;&l;a href=&q;https://www.bloomberg.com/news/articles/2018-07-05/it-s-all-peace-and-love-between-amlo-and-mexico-s-business-elite&q; target=&q;_blank&q;&g;AMLO &s;Peace &a;amp; Love&s;&l;/a&g;&a;nbsp;&a;mdash; Bloomberg&l;/strong&g;&l;/p&g;

Saturday, July 7, 2018

Surprisingly, Wells Fargo Has Been Good To Investors This Month Amid A Financials Meltdown

Wells Fargo (WFC) is still in the middle of its long-journey amid government-supervised restructuring and has seen little interesting activity as of late. However for investors, as the financial services sector (XLF) this past month has seen a significant downturn, Wells Fargo surprisingly has been at the topic of the pack in terms of return.

I believe Wells Fargo still has major risks involved as it moves to cleaning up its company to government expectations, particularly given how long it took for them to just evade and deflect for years after initial scandal revelations. Furthermore, real growth remains restricted by direct federal regulatory law.

Nonetheless, their lack of upside also shows that in certain situations their downside is limited as well, as they did not experience the growth in expectations and valuation multiples that, when it turned around amid economic and tariff worries, hurt a lot of its peer bulge brackets.

With massive shareholder buybacks and a dividend increase on the horizon too, amid its strong valuation multiple, it actually may serve some purpose in the portfolio as a very unusual-behavior financial stock that provides a slightly less volatile, but more dividend-paying, block.

(Source: Wall Street Journal)

Though Still Leaving Investors Burned In The Medium And Long Run, Wells Fargo Has Sheltered This Month's Financials Downturn

Wells Fargo has had a strange month. Though still in the middle of the pack among bulge bracket banks YTD and year-on-year, let alone significantly lagging behind on broader timelines, it is actually in fact well above the herd compared to other financials these past few weeks.

Chart WFC data by YChartsChart WFC data by YCharts

For a bank that has been subject to historic and unprecedented sanctioning over the course of the past few months, the question undoubtedly is in a lot of investors minds over why this unexpected divergence seemingly has taken place.

I believe it is because other banks have recently taken a downturn due to changed growth expectations, as their P/E multiples have shrunk over time separate from earnings report price adjustments.

In contrast, Wells Fargo's sanctioning has placed a firm upper limit on its profitability, which means it never made, or held on to, the massive rally in the winter and spring of this year that many other financial institutions did and therefore had little to room to fall.

Chart WFC data by YCharts

As shown below, Wells Fargo has remained at a relatively steady P/E over the past few months since its initial Federal Reserve sanctioning in late January and early February while the P/Es of other peer bulge brackets have gone down significantly.

Wells Fargo is still among the most lowest P/E multiples right now, as growth expectations remain dim due to the Federal Reserve's sanctions and various other regulatory concerns precisely limiting, sometimes explicitly, the amount of growth possible.

Chart WFC PE Ratio (NYSE:TTM) data by YCharts

There nonetheless are actually some positive signs for Wells Fargo, or more particularly Wells Fargo shareholders, in the upcoming months. Wells Fargo has gained no-objection approval from the Federal Reserve for a historic $32.8 billion capital return plan to shareholders over the upcoming year. The capital return plan is split between a quarterly dividend increase of 4 cents a share to 43 cents compared to the current 39 cents, as well as $22 billion in shareholder buybacks.

The buyback plan is so large amidst Wells Fargo's highly-restricted situation because the consent orders in place do not permit Wells Fargo to use its still high-earning capabilities to re-invest in growth in the business, thereby making shareholder capital return the only viable avenue for the money.

At a currently $269.1 billion in market capitalization, the shareholder buyback authorization would amount to almost 8.2% of current outstanding market capitalization. At $55.24 a share, the increase to 43 cents a quarter raises its forward dividend yield to 3.11% from its current 2.82%.

Compared to other financial institutions, the dividend yield actually looks decent even before its increase.

Chart WFC Dividend Yield (TTM) data by YCharts

I've previously discussed how, depending on the way Wells Fargo's restructuring goes, it could be in for a long period of uncertainty and potential downturns as its business is reorganized. Nonetheless, it still has a lot of capital to work with as still the third-largest bank in the United States, whether in terms of market capitalization or total assets.

Based on its current unusual financial regulatory situation it seems to have to pay a lot of that out to shareholders, turning it less from having growth characteristics to rather having, ironically, mature dividend-paying characteristics.

Chart WFC Market Cap data by YCharts

Conclusion

Wells Fargo still has real downside risk amid a broad market downturn, which would also hurt its real earnings on every segment from trading to corporate and consumer services, in addition to its restructuring risks.

But it still offers a perhaps less volatile option beyond those situations, as it is required to shell out capital back to shareholders amid its restructuring. It is also at such a low-valuation multiple, amid seemingly stable business and profit lines, that it likely would have difficulty dropping further in price unless those actual financials were affected.

Wells Fargo's valuation behavior is unlike that of many stocks out there either presently or in recent years due to the unusual regulatory factors controlling it, but that doesn't mean its completely of no use as an investment. As a relatively potentially non-volatile, but high-dividend, company it seems like it still has some chance at worth, return, and portfolio design while it goes through its restructuring.

Chart WFC data by YCharts

At Tech Investment Insights I discuss specific companies and investment products that I believe are especially poised to gain in the market, as well as the one to avoid.

Focusing on technology in particular, I provide you updated risk-reward ratings of dozens of companies, price targets on potential worthwhile investments, portfolio strategies, and alluring risks to avoid. I hope you will give it a look.

Disclosure: I am/we are long KBE.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Friday, July 6, 2018

Brokerages Expect Exelixis, Inc. (EXEL) Will Announce Earnings of $0.14 Per Share

Brokerages expect Exelixis, Inc. (NASDAQ:EXEL) to post earnings per share of $0.14 for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Exelixis’ earnings. The highest EPS estimate is $0.20 and the lowest is $0.08. Exelixis posted earnings per share of $0.08 during the same quarter last year, which indicates a positive year-over-year growth rate of 75%. The company is scheduled to report its next earnings report on Wednesday, August 1st.

On average, analysts expect that Exelixis will report full-year earnings of $0.85 per share for the current financial year, with EPS estimates ranging from $0.67 to $1.21. For the next fiscal year, analysts anticipate that the business will report earnings of $1.10 per share, with EPS estimates ranging from $0.80 to $2.00. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that that provide coverage for Exelixis.

Get Exelixis alerts:

Exelixis (NASDAQ:EXEL) last announced its earnings results on Wednesday, May 2nd. The biotechnology company reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.21. The company had revenue of $212.35 million during the quarter, compared to analyst estimates of $146.39 million. Exelixis had a net margin of 43.39% and a return on equity of 77.39%.

Several research analysts have weighed in on EXEL shares. Cann reaffirmed a “buy” rating and set a $40.00 target price on shares of Exelixis in a research note on Thursday, March 8th. Needham & Company LLC lowered their price objective on shares of Exelixis from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, May 11th. William Blair reissued a “buy” rating on shares of Exelixis in a research note on Wednesday, April 11th. TheStreet lowered shares of Exelixis from a “b” rating to a “c+” rating in a research note on Thursday, March 15th. Finally, Stifel Nicolaus lowered their price objective on shares of Exelixis from $30.00 to $29.00 and set a “hold” rating for the company in a research note on Thursday, May 3rd. Two analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $32.80.

Exelixis traded down $0.14, hitting $21.26, during mid-day trading on Monday, Marketbeat.com reports. 45,457 shares of the company were exchanged, compared to its average volume of 5,924,317. The firm has a market cap of $6.35 billion, a PE ratio of 42.00 and a beta of 2.09. Exelixis has a 12-month low of $18.50 and a 12-month high of $32.50.

In related news, VP Patrick J. Haley sold 12,549 shares of the firm’s stock in a transaction that occurred on Friday, May 4th. The shares were sold at an average price of $22.38, for a total value of $280,846.62. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Michael Morrissey sold 90,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 11th. The shares were sold at an average price of $20.78, for a total transaction of $1,870,200.00. The disclosure for this sale can be found here. In the last three months, insiders sold 610,523 shares of company stock valued at $12,732,688. Insiders own 4.80% of the company’s stock.

Large investors have recently modified their holdings of the stock. American International Group Inc. acquired a new stake in Exelixis in the fourth quarter valued at approximately $208,000. Globeflex Capital L P acquired a new stake in Exelixis in the fourth quarter valued at approximately $246,000. TLP Group LLC acquired a new stake in Exelixis in the first quarter valued at approximately $179,000. Massachusetts Financial Services Co. MA acquired a new stake in Exelixis in the first quarter valued at approximately $215,000. Finally, Washington Trust Bank acquired a new stake in Exelixis in the second quarter valued at approximately $213,000. 77.81% of the stock is currently owned by hedge funds and other institutional investors.

About Exelixis

Exelixis, Inc, a biotechnology company, engages in the discovery, development, and commercialization of new medicines to enhance care and outcomes for people with cancer. The company's products include CABOMETYX tablets for the treatment of patients with advanced renal cell carcinoma who received prior anti-angiogenic therapy; and COMETRIQ capsules for the treatment of patients with progressive and metastatic medullary thyroid cancer.

Get a free copy of the Zacks research report on Exelixis (EXEL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Exelixis (NASDAQ:EXEL)

Thursday, July 5, 2018

Top 5 Financial Stocks For 2019

tags:PBIB,EHTH,NRIM,AIG,BNCL,

Almost a week has passed since Goodyear Tire & Rubber (GT) posted lower than expected quarterly sales, as it shipped fewer tires in the Americas. But today, the tire company��s share price topped the S&P 500, adding $1.99, or 5.6% to post a record close of $35.71 a share.

Last week, GoodYear delivered a mixed fourth quarter financial report. While revenue missed consensus estimates, per share profit topped forecasts and the company added $1 billion to its stock buyback plan.

As noted by theflyonthewall.com earlier today:

The stock was last at $35.21, in new highs territory but slightly off session highs. At that price next resistance is at $35.81. On the very long-term chart there is a clear, large, double bottom pattern with the midpoint at current levels. This pattern began forming in 1999. A breakout above $36 would likely set the stock in motion toward the secondary pattern objective at the $49 to $50 area. Support is at $34.25.

Goodyear has climbed almost 16% since the start of 2017, beating the 4% returned by the S&P 500.

Top 5 Financial Stocks For 2019: Porter Bancorp Inc.(PBIB)

Advisors' Opinion:
  • [By WWW.GURUFOCUS.COM]

    For the details of PATRIOT FINANCIAL PARTNERS GP, LP's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=PATRIOT+FINANCIAL+PARTNERS+GP%2C+LP

    These are the top 5 holdings of PATRIOT FINANCIAL PARTNERS GP, LPBanc of California Inc (BANC) - 2,850,564 shares, 32.49% of the total portfolio. Meta Financial Group Inc (CASH) - 397,069 shares, 25.6% of the total portfolio. Guaranty Bancorp (GBNK) - 1,391,767 shares, 23.3% of the total portfolio. MBT Financial Corp (MBTF) - 2,060,302 shares, 13.08% of the total portfolio. Sterling Bancorp (STL) - 323,980 shares, 4.31% of the total portfolio.
  • [By Max Byerly]

    Media stories about Porter Bancorp (NASDAQ:PBIB) have trended somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Porter Bancorp earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 44.3359026173577 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Top 5 Financial Stocks For 2019: eHealth Inc.(EHTH)

Advisors' Opinion:
  • [By Lisa Levin] Gainers Genprex, Inc. (NASDAQ: GNPX) jumped 46.7 percent to $16.1331. The low-float small-cap clinical stage gene therapy company saw its stock rally nearly 150 percent from Monday through Thursday. Formal news hasn't been announced this week that would support a triple-digit percentage rally (including more than 200 percent at one point on Thursday) but the quiet period following its initial public offering will expire on May 8. Celyad SA (NASDAQ: CYAD) shares gained 24.7 percent to $36.17. Celyad reported the publication of THINK study case report of CYAD-01 Induced Complete Remission in relapsed/refractory AML patient in haematologica. DMC Global Inc. (NASDAQ: BOOM) shares jumped 23.2 percent to $39.00 after the company reported upbeat Q1 results and issued upbeat Q2 guidance. eHealth, Inc. (NASDAQ: EHTH) gained 21.8 percent to $19.58 as the company posted upbeat Q1 results. Enova International, Inc. (NYSE: ENVA) climbed 20.4 percent to $27.20 following Q1 results. SVB Financial Group (NASDAQ: SIVB) shares jumped 18.2 percent to $304.135 following strong quarterly results. Knowles Corporation (NYSE: KN) gained 13.9 percent to $12.70 as the company reported Q1 results. Zymeworks Inc. (NYSE: ZYME) gained 13.8 percent to $17.36. Cocrystal Pharma, Inc. (NASDAQ: COCP) rose 11.8 percent to $2.336 after declining 25.09 percent on Thursday. ImmunoGen, Inc. (NASDAQ: IMGN) shares surged 11.7 percent to $11.75 after the company announced 'successful completion of interim analysis' for FORWARD I Phase 3 mirvetuximab soravtansine trial. Eloxx Pharmaceuticals, Inc. (NASDAQ: ELOX) gained 9.5 percent to $12.70. Expedia Group, Inc. (NASDAQ: EXPE) shares rose 8.5 percent to $115.3801 after the company reported stronger-than-expected earnings for its first quarter on Thursday. Sprint Corporation (NYSE: S) shares rose 8.3 percent to $6.50. The stock moved higher after a Reuters report suggested ongoing merger talks with T-M
  • [By Lisa Levin]

    Shares of eHealth, Inc. (NASDAQ: EHTH) got a boost, shooting up 16 percent to $18.64 as the company posted upbeat Q1 results.

    Enova International, Inc. (NYSE: ENVA) shares were also up, gaining 25 percent to $28.35 following Q1 results.

  • [By Lisa Levin]

    Shares of eHealth, Inc. (NASDAQ: EHTH) got a boost, shooting up 19 percent to $19.04 as the company posted upbeat Q1 results.

    SVB Financial Group (NASDAQ: SIVB) shares were also up, gaining 17 percent to $301.12 following strong quarterly results.

Top 5 Financial Stocks For 2019: Northrim BanCorp Inc(NRIM)

Advisors' Opinion:
  • [By Stephan Byrd]

    Capitol Federal Financial (NASDAQ: CFFN) and Northrim BanCorp (NASDAQ:NRIM) are both small-cap finance companies, but which is the superior business? We will contrast the two businesses based on the strength of their analyst recommendations, institutional ownership, risk, earnings, profitability, valuation and dividends.

  • [By Joseph Griffin]

    Northrim BanCorp (NASDAQ: NRIM) and Hometrust Bancshares (NASDAQ:HTBI) are both small-cap finance companies, but which is the better investment? We will contrast the two companies based on the strength of their profitability, institutional ownership, earnings, risk, analyst recommendations, valuation and dividends.

  • [By Ethan Ryder]

    Northrim BanCorp Inc (NASDAQ:NRIM)’s share price hit a new 52-week high and low during trading on Thursday . The stock traded as low as $40.05 and last traded at $39.85, with a volume of 561 shares trading hands. The stock had previously closed at $40.00.

Top 5 Financial Stocks For 2019: American International Group Inc.(AIG)

Advisors' Opinion:
  • [By Logan Wallace]

    Gifford Fong Associates acquired a new position in shares of American International Group (NYSE:AIG) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 44,100 shares of the insurance provider’s stock, valued at approximately $2,400,000.

  • [By Logan Wallace]

    Sentry Investment Management LLC lessened its holdings in American International Group (NYSE:AIG) by 8.6% during the first quarter, HoldingsChannel reports. The firm owned 64,968 shares of the insurance provider’s stock after selling 6,147 shares during the quarter. Sentry Investment Management LLC’s holdings in American International Group were worth $3,536,000 at the end of the most recent reporting period.

  • [By Lisa Levin]

     

    Losers Heat Biologics, Inc. (NASDAQ: HTBX) shares tumbled 48.59 percent to close at $1.275 on Thursday after the company priced its $18,000,000 public offering. InVivo Therapeutics Holdings Corp. (NASDAQ: NVIV) fell 38.77 percent to close at $8.26 on Thursday. Check-Cap Ltd. (NASDAQ: CHEK) shares tumbled 27.43 percent to close at $8.81. Achaogen, Inc. (NASDAQ: AKAO) dropped 24.76 percent to close at $11.06 in reaction to a disappointing update from an FDA AdCom panel. The FDA panel voted favorably for the company's Plazcomicin for treatment of adults with complicated urinary tract infections, but also voted against the therapy to be used as a treatment for bloodstream infections. Anika Therapeutics, Inc. (NASDAQ: ANIK) shares declined 24.68 percent to close at $34.80 after the company posted downbeat quarterly results. LSC Communications, Inc. (NASDAQ: LKSD) shares fell 24.22 percent to close at $12.64 following wider-than-expected Q1 loss. Cardinal Health, Inc. (NYSE: CAH) fell 21.42 percent to close at $50.80 following downbeat quarterly profit. Horizon Global Corporation (NYSE: HZN) dropped 20.42 percent to close at $6.00 following downbeat quarterly earnings. Hornbeck Offshore Services, Inc. (NYSE: HOS) slipped 20.11 percent to close at $2.90 following wider-than-expected Q1 loss. Esperion Therapeutics, Inc. (NASDAQ: ESPR) fell 19.28 percent to close at $36.93. Esperion Therapeutics stock lost roughly a third of its value Wednesday after the company reported mixed Phase III results for its leading drug candidate, bempedoic acid. JP Morgan downgraded Esperion Therapeutics from Neutral to Underweight. Laredo Petroleum, Inc. (NYSE: LPI) declined 17.77 percent to close at $8.98 after the company reported weaker-than-expected Q1 earnings. The Habit Restaurants, Inc. (NASDAQ: HABT) dipped 16.1 percent to close at $8.60 after the company reported downbeat quarterly results. Arcadia Biosciences, Inc. (N
  • [By ]

    Insurance company American International Group Inc. (AIG) stock fell 5.3% as harsh winter weather weighed on profits. But the company's long-term care exposure is relatively minimal.

  • [By Max Byerly]

    These are some of the media stories that may have effected Accern’s rankings:

    Get American International Group alerts: AIG’s loss for European business worsens in 2017 (businessinsurance.com) $1.26 EPS Expected for American International Group (AIG) This Quarter (americanbankingnews.com) UBS: Buy AIG After Earnings Estimates ‘Bottom Out’ (finance.yahoo.com) American International Group (AIG) Stock Rating Upgraded by UBS (americanbankingnews.com) American International Group (AIG) Receives Average Recommendation of “Hold” from Analysts (americanbankingnews.com)

    American International Group traded up $0.36, hitting $55.15, during mid-day trading on Friday, MarketBeat.com reports. The stock had a trading volume of 9,821,608 shares, compared to its average volume of 6,828,715. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.27 and a quick ratio of 0.27. American International Group has a 1-year low of $49.57 and a 1-year high of $67.30. The firm has a market cap of $49.51 billion, a P/E ratio of 22.98, a PEG ratio of 1.01 and a beta of 1.24.

Top 5 Financial Stocks For 2019: Beneficial Mutual Bancorp Inc.(BNCL)

Advisors' Opinion:
  • [By Ethan Ryder]

    BidaskClub upgraded shares of Beneficial Bancorp (NASDAQ:BNCL) from a sell rating to a hold rating in a report released on Tuesday morning.

    Shares of Beneficial Bancorp opened at $16.35 on Tuesday, MarketBeat.com reports. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $1.23 billion, a P/E ratio of 31.44 and a beta of 0.55. Beneficial Bancorp has a fifty-two week low of $14.40 and a fifty-two week high of $17.50.

  • [By Logan Wallace]

    Beneficial Bancorp (NASDAQ: BNCL) and Home Bancorp (NASDAQ:HBCP) are both small-cap finance companies, but which is the superior stock? We will compare the two businesses based on the strength of their profitability, earnings, institutional ownership, analyst recommendations, risk, dividends and valuation.

  • [By Joseph Griffin]

    Media coverage about Beneficial Bancorp (NASDAQ:BNCL) has trended positive recently, according to Accern. Accern identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Beneficial Bancorp earned a news impact score of 0.38 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 45.8699493506664 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Wednesday, July 4, 2018

Hot Financial Stocks To Invest In Right Now

tags:TWNK,SPCB,CCCR,

Database and cloud-computing giant Oracle (NYSE:ORCL) reported quarterly results Tuesday night, covering the fourth quarter of fiscal year 2018. Oracle exceeded Wall Street's estimates across the board, but share prices fell as much as 8% on Wednesday anyway. Besides soft earnings guidance for the next quarter, Oracle left analysts and investors shaken by a sudden change to its financial reporting framework.

Oracle's fourth quarter by the numbers

Metric

Q4 2018

Q4 2017

Year-Over-Year Change

Revenue

$11.3 billion

$10.9 billion

3.3%

Net income

$3.41 billion

$3.23 billion

5.5%

Adjusted earnings per diluted share

$0.99

$0.89

11%

Data source: Oracle.

Hot Financial Stocks To Invest In Right Now: Hostess Brands, Inc. (TWNK)

Advisors' Opinion:
  • [By Benzinga News Desk]

    Merrill Lynch loaded the dice in Las Vegas — and cheated a local female high roller out of at least $1 million in commissions, according to a gender discrimination lawsuit filed recently: Link

    ECONOMIC DATA St. Louis Fed President James Bullard will speak at 9:40 a.m. ET. The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET. ANALYST RATINGS Canaccord upgraded Thomson Reuters (NYSE: TRI) from Hold to Buy Jefferies upgraded Tailored Brands (NYSE: TLRD) from Hold to Buy Compass Point downgraded Hilltop Holdings (NYSE: HTH) from Buy to Neutral Deutsche downgraded Hostess Brands (NASDAQ: TWNK) from Buy to Hold

    This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here.

  • [By Money Morning News Team]

    Based in Kansas City, Mo., Hostess Brands Inc. (Nasdaq: TWNK) was founded in 1919 and is best known for global brand names that include Twinkies, Ho Hos, Ding Dongs, Dolly Madison, Zingers, Suzy Q, and Donettes.

  • [By Daniel Miller]

    Generally, stocks that have fallen out of favor with the market are cheap for a reason. But, on occasion, savvy investors can scoop up a stock on the cheap and enjoy solid returns when the company proves its doubters wrong. It's not easy to discern which stocks fall into the pessimistically undervalued category, but here are two to consider: Hostess (NASDAQ:TWNK), which is expanding and adapting its portfolio of snacks to drive growth, and General Motors (NYSE:GM) which could potentially strike gold thanks to its 2016 Cruise Automation acquisition.

Hot Financial Stocks To Invest In Right Now: SuperCom, Ltd.(SPCB)

Advisors' Opinion:
  • [By Lisa Levin] Companies Reporting Before The Bell Hanwha Q CELLS Co., Ltd. (NASDAQ: HQCL) is estimated to report quarterly earnings at $0.14 per share on revenue of $438.40 million. Remark Holdings, Inc. (NASDAQ: MARK) is projected to report quarterly loss at $0.35 per share on revenue of $19.45 million. Athenex, Inc. (NYSE: ATNX) is expected to report quarterly loss at $0.07 per share on revenue of $35.14 million. Mazor Robotics Ltd. (NASDAQ: MZOR) is estimated to report quarterly loss at $0.08 per share on revenue of $15.14 million. Brainstorm Cell Therapeutics Inc. (NASDAQ: BCLI) is projected to report a quarterly loss at $0.14 per share. SuperCom Ltd. (NASDAQ: SPCB) is expected to report quarterly earnings at $0.08 per share on revenue of $9.50 million. Lonestar Resources US Inc. (NASDAQ: LONE) is projected to report quarterly loss at $0.04 per share on revenue of $30.68 million. Nine Energy Service, Inc. (NASDAQ: NINE) is estimated to report quarterly earnings at $0.1 per share on revenue of $165.76 million. VEON Ltd. (NASDAQ: VEON) is projected to report quarterly earnings at $0.05 per share on revenue of $212.00 million.

     

  • [By Shane Hupp]

    Supercom (NASDAQ:SPCB) shares reached a new 52-week high and low during trading on Wednesday . The company traded as low as $1.84 and last traded at $1.92, with a volume of 980 shares traded. The stock had previously closed at $1.92.

Hot Financial Stocks To Invest In Right Now: China Commercial Credit, Inc.(CCCR)

Advisors' Opinion:
  • [By Stephan Byrd]

    News stories about China Commercial Credit (NASDAQ:CCCR) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. China Commercial Credit earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned news coverage about the credit services provider an impact score of 47.8379000547292 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.