MICT (MICT) Trading 15% Higher

MICT Inc (NASDAQ:MICT) traded up 15% during mid-day trading on Tuesday . The company traded as high as $1.41 and last traded at $1.30. 1,119,906 shares traded hands during mid-day trading, an increase of 280% from the average session volume of 294,925 shares. The stock had previously closed at $1.13.

The company has a debt-to-equity ratio of 0.42, a current ratio of 1.46 and a quick ratio of 0.86.

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MICT (NASDAQ:MICT) last released its earnings results on Tuesday, November 27th. The aerospace company reported ($0.27) earnings per share (EPS) for the quarter. MICT had a negative return on equity of 86.78% and a negative net margin of 20.23%. The company had revenue of $2.22 million during the quarter.

An institutional investor recently raised its position in MICT stock. Renaissance Technologies LLC boosted its stake in MICT Inc (NASDAQ:MICT) by 37.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 233,714 shares of the aerospace company’s stock after buying an additional 63,714 shares during the quarter. Renaissance Technologies LLC owned approximately 2.56% of MICT worth $266,000 at the end of the most recent quarter. 6.18% of the stock is owned by institutional investors.

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MICT Company Profile (NASDAQ:MICT)

MICT, Inc develops, manufactures, integrates, and markets rugged computers, tablets, and computer-based systems and instruments for the commercial, defense, and aerospace markets in the United States, Israel, Europe, and internationally. The company also sells rugged mobile computing devices that provide computing solutions to fleet operators and field workforces in work environments.

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Boeing (BA) Stock Looks Like a Strong Buy at Supersonic Highs

Boeing (BA ) shares surged to a new all-time high Tuesday after the aerospace giant announced that it partnered with and invested in supersonic jet start-up Aerion. This came roughly a week after Boeing blew away Wall Street with impressive fourth-quarter results.

Supersonic Deal

Boeing said Tuesday that it partnered with Reno, Nevada-based Aerion to help push forward the next-generation of supersonic aircraft. BA is set to offer manufacturing, engineering, flight test resources, among other things, in order to bring Aerion’s AS2 supersonic business jet to market.

The supersonic aircraft is designed to fly at speeds up to 1,000 miles per hour, or Mach 1.4—roughly 70% faster than current business jets. Boeing estimates that the AS2, which is slated for its first flight in 2023, will save approximately three hours on a transatlantic flight.

Terms of Boeing’s deal were not disclosed, but investors were clearly happy that the firm is set to be a part of a new age of air travel and that it “made a significant investment” in Aerion. Shares of Boeing popped over 3.3% through late afternoon trading Tuesday to reach a brand new all-time high of $410.75 a share.

Fellow Dow components Intel (INTC ) , Apple (AAPL ) , Microsoft (MSFT ) , United Technologies Corp (UTX ) , Caterpillar (CAT ) , and others all surged as well.

The chart below shows us how impressive of a run Boeing stock has been on recently compared to its peer group, which includes General Dynamics (GD ) , Lockheed Martin (LMT ) , Northrop Grumman (NOC ) , and the S&P 500.

 

Outlook

Boeing is coming off record commercial jets deliveries, 806, last year, which topped European rival Airbus . The company expects to fly by that record in 2019, with guidance in the 895 to 905 range. Meanwhile, BA’s Q4 revenues jumped 14% to help it post record full-year revenue of $101.13 billion. The firm also beat quarterly earnings estimates and has continued to see strong demand for its Dreamliner jets from the likes of American Airlines (AAL ) and United Airlines (UAL ) .

Looking ahead, Boeing’s Q1 2019 revenues are projected to climb 6.5% to reach $24.91 billion, based on our Zacks Consensus Estimate. But we should remember that BA crushed top line Wall Street estimates last quarter by $1.7 billion. Boeing’s full-year 2019 revenues are projected to pop 10% to reach $111.23 billion.

Earnings

On top of that, the aerospace company’s adjusted Q1 earnings are expected to surge 14.8% to reach $4.18 a share. Plus, Boeing’s fiscal 2019 earnings are expected to climb 20.4%, with fiscal 2020 projected to come in roughly 17% higher than our current year estimate. Investors should also note that Boeing has seen a ton of upward earnings estimate revisions within the last week for full-year 2019 and 2020. 

 

Bottom Line

Along with its positive top and bottom-line outlook, BA is trading at 19.5X forward 12-month Zacks Consensus EPS estimates at the moment, which marks a discount compared to its year-long high of 25.5X and its one-year median of 21.7X. Boeing stock consistently trades at a slight premium compared to the Aerospace-Defense industry average, but its valuation picture is hardly stretched at the moment despite resting at a new all-time high.

Boeing is currently a Zacks Rank #1 (Strong Buy) based in large part on its earnings estimate revision activity. On top of that, Boeing is a dividend payer that upped its Q1 fiscal 2019 per share payout to $2.055, which marked a 20% jump from last year’s $1.71 quarterly dividend.

Zacks' Top 10 Stocks for 2019

In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?

Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.

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Top Oil Stocks To Buy Right Now

tags:ECA,RIG,APA,WPZ,

Source: ThinkstockJanuary 5, 2018: The S&P 500 closed up 0.7% at 2,742.70. The DJIA closed up 0.9% at 25,291.67. Separately, the Nasdaq was up 0.8% at 7,136.56.

Friday proved to be yet another positive day for the broad U.S. markets, with all major exchanges hitting a new record high. With the first week of 2018 in the books, it seems that the markets can only go up from here with the all major exchanges at major milestones: the Dow above 25,000, S&P 500 above 2,700, and the Nasdaq holding above 7,000. Crude oil finally took a step back, but after making good headway above $60 this was expected. The S&P 500 sectors were practically all positive. The best performing sectors were technology and health care, up 1.0% and 0.9%, respectively. The worst performing sectors were energy and utilities, both down less than 0.1%.

Top Oil Stocks To Buy Right Now: Encana Corporation(ECA)

Advisors' Opinion:

• [By Ethan Ryder]

  Electra (CURRENCY:ECA) traded down 22.1% against the dollar during the 1 day period ending at 11:00 AM Eastern on August 14th. One Electra coin can currently be purchased for approximately $0.0004 or 0.00000007 BTC on cryptocurrency exchanges including Cryptohub, CryptoBridge, Cryptopia and Novaexchange. In the last seven days, Electra has traded 36.7% lower against the dollar. Electra has a total market capitalization of $11.78 million and approximately $119,848.00 worth of Electra was traded on exchanges in the last day.

• [By Stephan Byrd]

  Sentinel Trust Co. LBA lessened its stake in shares of Encana Corp (NYSE:ECA) (TSE:ECA) by 37.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 328,255 shares of the oil and gas company’s stock after selling 195,760 shares during the quarter. Encana accounts for about 1.0% of Sentinel Trust Co. LBA’s investment portfolio, making the stock its 26th largest position. Sentinel Trust Co. LBA’s holdings in Encana were worth $4,283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

• [By Matthew DiLallo]

  Canada's Montney Shale doesn't currently capture investors' attention like the Permian Basin. However, that doesn't mean it's a second-tier play. Quite the contrary since, like the Permian, it's a resource-rich region with as many as six drillable formations that produce highly economic liquids-rich natural gas. Because of those features, it has become an important growth driver for companies like Encana (NYSE:ECA).

• [By Shane Hupp]

  Electra (CURRENCY:ECA) traded 3.4% lower against the dollar during the 24-hour period ending at 18:00 PM Eastern on June 4th. Electra has a total market capitalization of $45.83 million and approximately $326,372.00 worth of Electra was traded on exchanges in the last 24 hours. One Electra coin can currently be bought for $0.0018 or 0.00000024 BTC on cryptocurrency exchanges including Novaexchange, Octaex, Fatbtc and Cryptopia. In the last seven days, Electra has traded 12.8% higher against the dollar.

• [By Joseph Griffin]

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

  Get Encana alerts: Should You Listen to This Stock? Encana Corporation (ECA) moves 51.44% away from One Year Low (nasdaqchronicle.com) Hot Mover of the Day – Encana Corporation (NYSE:ECA) (thestockgem.com) Enrapturing Stocks: Encana Corporation, (NYSE: ECA), AmTrust Financial Services, Inc., (NASDAQ: AFSI) (globalexportlines.com) Analysts, Options Traders Love This Lesser-Known Energy Stock (schaeffersresearch.com) Encana Corp (ECA) Expected to Announce Quarterly Sales of $1.12 Billion (americanbankingnews.com)

  ECA traded up $0.27 on Thursday, hitting $12.47. 9,071,326 shares of the stock were exchanged, compared to its average volume of 9,380,907. Encana has a 12 month low of $8.01 and a 12 month high of $14.31. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $11.70 billion, a price-to-earnings ratio of 29.00, a P/E/G ratio of 1.98 and a beta of 2.00.

• [By Keith Noonan, Travis Hoium, and Matthew DiLallo]

  We asked three Motley Fool investors to profile some of the best under-the-radar growth stocks on the market today. Read on to see why they selected Encana (NYSE:ECA), Activision Blizzard (NASDAQ:ATVI), and Baozun (NASDAQ:BZUN) as top growth stocks for in-the-know investors.

Top Oil Stocks To Buy Right Now: Transocean Inc.(RIG)

Advisors' Opinion:

• [By John Bromels]

  Unless it's not. Which it may not be. There's a big cloud of uncertainty hanging over the company, in part thanks to its status as a very small fish in a very big deepwater ocean that's full of huge, hungry competitors like Transocean (NYSE:RIG) and Ensco (NYSE:ESV). Questions also abound about its parent company, Seadrill (NYSE:SDRL).

• [By Jon C. Ogg]

  Transocean Ltd. (NYSE: RIG) started as Overweight with a $15 price target, which represented an implied upside call of 25% compared with the prior day’s $11.93 closing price. Elsewhere, Wells Fargo raised it to Outperform from Market Perform with an even more aggressive $16 price target, and BTIG initiated Transocean with a Buy rating and with an $18 price target just a day earlier. The stock closed up 2.9% at $11.93 on Tuesday, and it was up 3.3% at $12.33 in Wednesday’s midday trading. The 52-week range is $8.70 to $14.34, and the prior consensus price target of $12.61 ticked up to above $13 after the calls.

• [By Joseph Griffin]

  CenturyLink Investment Management Co trimmed its stake in Transocean LTD (NYSE:RIG) by 10.7% during the third quarter, Holdings Channel reports. The fund owned 97,454 shares of the offshore drilling services provider’s stock after selling 11,676 shares during the period. CenturyLink Investment Management Co’s holdings in Transocean were worth $1,359,000 as of its most recent filing with the Securities & Exchange Commission.

• [By Spencer Israel]

  Oil companies were popular sells for the month, including ConocoPhillips (NYSE: COP), BP p.l.c. (NYSE: BP), and Transocean Ltd. (NYSE: RIG) all net sold. Investors also net sold Alcoa Corp. (NYSE: AA), Starbucks Corporation (NYSE: CMG). and Facebook Inc. (NASDAQ: FB) in the midst of CEO Mark Zuckerberg's testimony before Congress. 

Top Oil Stocks To Buy Right Now: Apache Corporation(APA)

Advisors' Opinion:

• [By Matthew DiLallo]

  Apache Corporation (NYSE:APA) stunned the oil and gas world in late 2016 by announcing the discovery of the Alpine High play in a long-overlooked spot of the Permian Basin. The company believed that it had uncovered more than 3 billion barrels of oil and even more natural gas, which would drive growth for years to come. However, that growth wouldn't materialize overnight because Apache first had to build out the infrastructure needed to develop the field from scratch. 

• [By Ethan Ryder]

  Commonwealth Bank of Australia boosted its holdings in Apache Co. (NYSE:APA) by 24.1% during the second quarter, Holdings Channel reports. The fund owned 87,322 shares of the energy company’s stock after buying an additional 16,938 shares during the quarter. Commonwealth Bank of Australia’s holdings in Apache were worth $4,077,000 at the end of the most recent reporting period.

• [By Matthew DiLallo]

  Kinder Morgan is already building a multibillion-dollar gas pipeline out of the Permian Basin after starting work on the Gulf Coast Express (GCX) in the first quarter. The company is developing that $1.75 billion pipeline in a partnership with Targa Resources and DCP Midstream. GCX will transport up to 1.98 Bcf/d of natural gas from shippers such as Apache (NYSE:APA), which not only signed a transportation agreement, but holds an option to buy a 15% stake in the pipeline from Kinder Morgan.

• [By John Bromels]

  When most people think about oil and gas drillers, they think about integrated majors like ExxonMobil (NYSE:XOM) or maybe a producer whose name they've seen on a gas station, like Hess (NYSE:HES). One most don't think about is Apache Corporation (NYSE:APA). 

• [By Matthew DiLallo]

  Kinder Morgan announced that it signed a letter of intent with private equity-backed EagleClaw Midstream Ventures and Apache Corporation (NYSE:APA) to develop the Permian Highway Pipeline Project. The proposed $2 billion, 430-mile pipeline would move 2 billion cubic feet of natural gas per day from the Permian to the Gulf Coast. However, the partners are evaluating the feasibility of building a larger pipeline that could move even more gas. Kinder Morgan and EagleClaw would each initially own a 50% stake in the project, though Apache has the option to acquire a 33% interest from those partners. Apache has committed to supply the pipeline with about a quarter of its initial capacity, while EagleClaw has also agreed to be a significant shipper on the proposed line, which could enter service by the end of 2020.

Top Oil Stocks To Buy Right Now: Williams Partners L.P.(WPZ)

Advisors' Opinion:

• [By Shane Hupp]

  Williams Pipeline Partners LP (NYSE:WPZ) – US Capital Advisors decreased their Q3 2018 earnings per share (EPS) estimates for shares of Williams Pipeline Partners in a research note issued to investors on Monday, May 14th. US Capital Advisors analyst B. Followill now forecasts that the pipeline company will post earnings per share of $0.39 for the quarter, down from their previous forecast of $0.41. US Capital Advisors also issued estimates for Williams Pipeline Partners’ Q4 2018 earnings at $0.45 EPS and FY2019 earnings at $1.87 EPS.

• [By Matthew DiLallo]

  Overall, earnings at both Williams and its MLP Williams Partners (NYSE:WPZ) were down slightly versus the year-ago period due to asset sales, while cash flow modestly increased thanks to lower interest expenses.

• [By Shane Hupp]

  SG Americas Securities LLC lowered its holdings in Williams Pipeline Partners LP (NYSE:WPZ) by 27.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,682 shares of the pipeline company’s stock after selling 14,458 shares during the quarter. SG Americas Securities LLC’s holdings in Williams Pipeline Partners were worth $1,297,000 at the end of the most recent reporting period.