The European Central Bank may be feeling the pressure to ease further at Thursday�� policy meeting as the euro catapulted towards $1.40 this week on stronger than expected data and the expectation that the bank isn�� planning to make a move.
The common currency traded steadily at $1.3910 at 5:45 GMT on Thursday morning after coming within a half-cent of $1.40 on Wednesday.
Although the ECB has repeatedly insisted that the exchange rate is not a policy aim, bank President Mario Draghi admitted last week that the bank would be forced to take the common currency�� strength into account if it continued to rise.
Best Trucking Companies To Buy For 2015: China HGS Real Estate Inc.(HGSH)
China HGS Real Estate Inc., through its subsidiary, Shaanxi Guangsha Investment and Development Group Co., Ltd., engages in the real estate development in the People?s Republic of China. It is involved in the construction and sale of residential apartments, parking lots, and commercial properties. The company develops multi-layer, sub-high-rise, and high-rise apartment buildings, as well as office buildings. China HGS Real Estate Inc. was founded in 1995 and is headquartered in Hanzhong City, the People?s Republic of China.
Advisors' Opinion:- [By Bryan Murphy]
While the overall market still seems to be figuring out whether it can move any higher in its current overbought state, a handful of names has already figured out they've got plenty of room to keep advancing now that they've gotten the ball rolling again. Among the best of the best are China Hgs Real Estate Inc. (NASDAQ:HGSH), Arrowhead Research Corp. (NASDAQ:ARWR), and Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA). Here's a closer look at each, and why each has some technical upside on front of it.
- [By Jake L'Ecuyer]
Top losers in the sector included China HGS Real Estate (NASDAQ: HGSH), off 4.8 percent, and China Life Insurance Co (NYSE: LFC), down 4 percent.
Hot Forestry Companies To Watch For 2014: Concho Resources Inc. (CXO)
Concho Resources Inc., an independent oil and natural gas company, engages in the acquisition, development, and exploration of producing oil and natural gas properties in the United States. Its operations are focused in the Permian Basin of Southeast New Mexico and West Texas. The company also has acreage positions in the Bakken/Three Forks play in North Dakota. As of December 31, 2010, Concho Resources had estimated proved reserves of 323.5 million barrel of oil equivalent. The company is headquartered in Midland, Texas.
Advisors' Opinion:- [By Russ Krull]
Concho Resources (NYSE: CXO ) reopened an issue from last August and sold $850 million of 10-year, 5.5% paper. Concho got a better deal on this round, selling the paper at 103.75% of par, compared with even par last August. About $320 million of the new money is funding a tender offer for some higher-rate 2017 paper. The rest of the money goes toward paying down a credit facility and for general corporate purposes.
- [By WWW.GURUFOCUS.COM]
Concho Resources, Inc. (CXO) is an independent E&P company focused on the Permian Basin in West Texas. Concho shares rose in the first quarter as the company provided greater detail about a significant increase in its oil and gas resource potential across its acreage position in the Permian and particularly in the Delaware sub-basin. The combination of the increase in the company's drilling inventory, strong initial well results and a faster than expected acceleration in its drilling inventory bode well for Concho's production growth outlook and for improvements in its net asset value. (James Stone)
Hot Forestry Companies To Watch For 2014: BP Prudhoe Bay Royalty Trust (BPT)
BP Prudhoe Bay Royalty Trust operates as a grantor trust in the United States. The company holds overriding royalty interests constituting a non-operational interest in minerals in the Prudhoe Bay oil field located on the North Slope in Alaska. The Prudhoe Bay field extends approximately 12 miles by 27 miles and contains approximately 150,000 gross productive acres. As of December 31, 2012, its estimated net remaining proved reserves were 75.517 million barrels of oil and condensate, of which 70.676 million barrels are proved developed reserves and 4.841 million barrels are proved undeveloped reserves. The company was founded in 1989 and is based in Austin, Texas.
Advisors' Opinion:- [By Matt DiLallo]
BP Prudhoe Bay Royalty Trust (NYSE: BPT )
Created in 1989, the property of the BP Prudhoe Bay Royalty Trust consists of an overriding royalty interest of oil and condensate production from BP's Prudhoe Bay oil field located on the North Slope in Alaska. The trust makes quarterly payments to investors of the income after expenses, which can vary each quarter. Over the past year the trust has paid out an average of $2.22 per quarter which would imply a yield of around 9.4%. The key point that investors must understand is that the oil in the field is a finite resource, meaning that it will run out. Under current projections it's expected that the trust will run dry around the year 2029. - [By Aaron Levitt]
BP Prudhoe Bay Royalty Trust (BPT): BPT is the largest conventional oil and gas trust in the U.S. and was originally formed in 1989 by BP (BP). The royalty trust collects fees on the first 90,000 barrels of oil collected in the massive Prudhoe Bay oil field located on Alaska’s North Slope. While production in Prudhoe Bay have slipped over the last few years, BPT is expected to continue pumping out dividends for another 15 years. This royalty trust�yields a very hefty 11% based on the last four distributions.
- [By Rick Munarriz]
BP Prudhoe Bay Royalty Trust (NYSE: BPT ) is also fueling its distributions. The trust's new quarterly payout comes out to $2.4147517 a unit. We're really splitting pennies here, but it's actually a reasonable 4% increase over its earlier rate.
Hot Forestry Companies To Watch For 2014: Winnebago Industries Inc.(WGO)
Winnebago Industries, Inc. manufactures and sells recreation vehicles primarily for leisure travel and outdoor recreation activities. The company offers motor homes, which are self-propelled mobile dwellings that provide living accommodations for approximately seven persons and include kitchen, dining, sleeping, and bath areas, as well as a lounge; and optional equipment accessories, such as generators, home theater systems, king-size beds, upholstery, and interior equipment. It manufactures motor homes constructed directly on medium- and heavy-duty truck chassis, which include engine and drivetrain components; and on van-type chassis onto which the motor home manufacturer constructs a living area with access to the driver's compartment under the Winnebago and Itasca brand names, as well as panel-type vans with sleeping, kitchen, and/or toilet facilities under the Era brand name. The company also produces original equipment manufacturing parts, including extruded aluminum and other component products for other manufacturers and commercial vehicles. Winnebago Industries markets its motor homes through independent dealers primarily in the United States and Canada. The company was founded in 1958 and is headquartered in Forest City, Iowa.
Advisors' Opinion:- [By Monica Gerson]
Winnebago Industries, Inc. (NYSE: WGO) is estimated to report its Q1 earnings at $0.45 per share on revenue of $234.64 million.
Accenture plc (NYSE: ACN) is expected to report its Q1 earnings at $1.20 per share on revenue of $7.69 billion.
Hot Forestry Companies To Watch For 2014: Discover Financial Services(DFS)
Discover Financial Services, a bank holding company, offers direct banking and payment services in the United States. It operates in two segments, Direct Banking and Payment Services. The Direct Banking segment offers Discover card-branded credit cards to individuals and small businesses that are accepted on the Discover Network. This segment also provides other consumer banking products and services, including personal loans, student loans, and prepaid cards, as well as other consumer lending and deposit products, such as certificates of deposit, money market accounts, online savings accounts, and individual retirement account. The Payment Services segment operates the PULSE network, an automated teller machine, debit, and electronic funds transfer network; the Diners Club International network, a global payments network; and third-party issuing business, which includes credit, debit, and prepaid cards issued on the Discover Network by third parties. The company was found ed in 1986 and is based in Riverwoods, Illinois.
Advisors' Opinion:- [By Wallace Witkowski]
Also on deck for earnings, Discover Financial Services (DFS) �is seen posting fourth-quarter earnings of $1.17 a share on revenue of $2.1 billion.
- [By Jay Jenkins]
But a few weeks ago, I overheard a colleague mentioning a new product making waves in the marketplace. A card with no annual fee, 5% cash back, and even a concierge service included for free. Could this new card from Discover Financial Services (NYSE: DFS ) be an AmEx killer?�
- [By Michael Flannelly]
Analysts at Citigroup upgraded Discover Financial Services (DFS) early on Thursday, noting that the stock’s risk/reward potential is more attractive.
The analysts upgraded DFS from “Neutral” to “Buy” and see shares reaching $56. This price target suggests a 14% upside to the stock’s Wednesday closing price of $48.93.
Discover Financial Services shares were up $1.41, or 2.88%, during morning trading on Thursday. The stock is up 30.3% year-to-date.
Hot Forestry Companies To Watch For 2014: Balfour Beatty PLC (BIH)
Balfour Beatty plc is a global infrastructure company that delivers services essential to the development, creation and care of infrastructure assets; from finance and development, through design and project management to construction and maintenance. The Company operates in four segments: Professional Services segment is engaged in the provision of project management; Construction Services segment is engaged in the activities resulting in the physical construction of an asset; Support Services segment is engaged in the activities, which support existing assets or functions, and Infrastructure Investments segment is engaged in the acquisition, operation and disposal of infrastructure assets, such as PPP concessions and airports. In July 2013, it announced the disposal of its 50% interest in the Salford Hospital PFI asset. In December 2013, Balfour Beatty Plc completed the sale of its UK facilities management business to GDF Suez Energy Services. Advisors' Opinion:- [By Vanina Egea]
A few companies excel over their market peers, granting them an unconventional competitive advantage. Everybody knows the market leaders, or the mammoth companies, but there are other particular services that can give a firm greater exposure. No other example is more relevant than the rotary rig count offered by Baker Hughes (BIH). The Baker Hughes Rig Counts provides a weekly count of U.S. and Canadian drilling activity to the industry since 1944, and has become an important business barometer for the drilling industry and its suppliers. Most importantly, the index allows industry analysts to identify industry trends, while providing valuable information to prospect investors beyond Baker Hughes itself. After experiencing a decline in performance from mid-2011 to the end of 2012, the company saw great improvement in overall performance during 2013. Can the trend be expected to continue?
Hot Forestry Companies To Watch For 2014: Targa Resources Inc.(TRGP)
Targa Resources Corp., through its general and limited partner interests in Targa Resources Partners LP, provides midstream natural gas and natural gas liquid (NGL) services in the United States. It engages in gathering, compressing, treating, processing, and selling natural gas, as well as storing, fractionating, treating, transporting, and selling NGLs and NGL products. The company owns interests in or operates approximately 11,372 miles of natural gas pipelines and approximately 800 miles of NGL pipelines, with natural gas gathering systems covering approximately 13,500 square miles and 22 natural gas processing plants with access to natural gas supplies in the Permian Basin, the Fort Worth Basin, the onshore region of the Louisiana Gulf Coast and the Gulf of Mexico. It owns and operates 39 storage wells with a net storage capacity of approximately 65 million barrels; and 16 storage, marine, and transport terminals with above ground storage capacity of approximately 1.4 million barrels. Targa Resources Corp. sells its services to refineries, petrochemical manufacturers, propane distributors, multi-state retailers, independent retailers, and other industrial end-users. The company was founded in 2003 and is based in Houston, Texas.
Advisors' Opinion:- [By Marc Bastow]
Midstream natural gas and natural liquid gas partnership Targa Resources Corp.� (TRGP) raised its quarterly dividend 6.58% to 64.75 cents per share.
Payout Date: May 16
Ex-Dividend Date: April 24
TRC Dividend Yield: 2.43% - [By STANSBERRYRESEARCH]
There are few things in life I know with certainty... But I know this: Barring the end of the world, the price of oil is going to fall and the price of natural gas is going to rise. In my mind, you ought to buy all the natural gas you can afford because these energy resources will not be cheap forever.
There were other signs that natural gas was at a very significant low. First and foremost, Wall Street had gone from being massively long natural gas in 2005 and 2006 to being almost uniformly short. Trading volume on natural gas futures had soared – up 31% in a year, with almost all the financial firms being short. But the most important factor in my analysis was that from a physical, arbitrage perspective, natural gas couldn't get any cheaper. Natural gas is just one form of energy. In theory, as an energy source, it's totally interchangeable with other fossil fuels. Think of it this way: A barrel of oil has 5.825 million British thermal units (Btu) of energy. One thousand cubic feet of gas contains just a little more than 1 million Btu of energy. Thus, on an energy-equivalent basis, you might expect natural gas to trade for one-sixth the price of oil. That doesn't actually happen very often, though... In the real world, oil has vastly more utility. It's far more widely used in transportation, and it's much easier to transport. (It doesn't have to be frozen first, like natural gas does.) So in the real world, historically, oil has carried a 10x premium in price to natural gas on an energy equivalent basis. But last April... the price of oil was trading at over a 50x multiple to the price of natural gas. This enormous premium simply couldn't last – it was impossible. That's why I was telling you to be a pig in natural gas. First, I had studied the investment carefully for a long period of time. Second, I knew that Wall Str - [By Seth Jayson]
Calling all cash flows
When you are trying to buy the market's best stocks, it's worth checking up on your companies' free cash flow once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That's what we do with this series. Today, we're checking in on Targa Resources (NYSE: TRGP ) , whose recent revenue and earnings are plotted below. - [By Garrett Cook]
Targa Resources (NYSE: TRGP) was down, falling 5.33 percent to $142.59. On Thursday, Targa confirmed that it had high level discussions to be acquired by Energy Transfer Equity, but the talks have been terminated.
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