Stocks finished lower Wednesday as taper worries took center stage once more.
The Dow Jones Industrial Average lost 49.07 points, or 0.3%, to 15,470.67.
The Nasdaq fell 11.76 points, or 0.3%, to 3,654.01.
The S&P 500 tumbled 6.46 points, or 0.4%, to 1,690.91.
Friday saw the Dow and S&P reach all-time closing highs. The indexes are down 1.2% and 1.1% since then, respectively.
The market began the day on a downbeat note, as investors fretted about the potential that the Federal Reserve may begin to pullback on its bond-buying before the end of the year. Philadelphia Fed Chief Charles Plosser’s scheduled remarks were cancelled.
S&P Capital IQ�� Sam Stovall expects equities to recover from this latest round of profit-taking, but the big gains may be behind us: ��ntil the start of Q3 EPS reporting season, we think the focus will be on the Fed and whether the inaugural tapering action will be reported after the September FOMC meeting or delayed, possibly to the delight of investors, until December��From a technical perspective, the S&P 500�� broke through psychological resistance at 1,700 last week after a very short price consolidation. However, this may be the last round number we break above for many months to come. In the near term, we think we will see further upside, but it could be minor. Our targeted area for this final rally remains 1,735 to 1,765, based on the size of the recent reversal pattern as well as a Fibonacci extension.��/p>
Top High Tech Stocks To Watch For 2015: Intuitive Surgical Inc.(ISRG)
Intuitive Surgical, Inc. designs, manufactures, and markets da Vinci surgical systems for various surgical procedures, including urologic, gynecologic, cardiothoracic, general, and head and neck surgeries. Its da Vinci surgical system consists of a surgeon?s console or consoles, a patient-side cart, a 3-D vision system, and proprietary ?wristed? instruments. The company?s da Vinci surgical system translates the surgeon?s natural hand movements on instrument controls at the console into corresponding micro-movements of instruments positioned inside the patient through small puncture incisions, or ports. It also manufactures a range of EndoWrist instruments, which incorporate wrist joints for natural dexterity for various surgical procedures. Its EndoWrist instruments consist of forceps, scissors, electrocautery, scalpels, and other surgical tools. In addition, it sells various vision and accessory products for use in conjunction with the da Vinci Surgical System as surgical procedures are performed. The company?s accessory products include sterile drapes used to ensure a sterile field during surgery; vision products, such as replacement 3-D stereo endoscopes, camera heads, light guides, and other items. It markets its products through sales representatives in the United States, and through sales representatives and distributors in international markets. The company was founded in 1995 and is headquartered in Sunnyvale, California.
Advisors' Opinion:- [By Matt Thalman]
Two other big Dow winners came from the health-care industry as Johnson & Johnson (NYSE: JNJ ) rose 2.28% and Pfizer (NYSE: PFE ) gained 2.11%. Johnson & Johnson reported earnings earlier in the week and the company beat on both the top and bottom lines, but after earnings were announced, shares closed even on Tuesday, compared to Monday's close, at $90.40. While investors surely liked the fact that estimates had been topped, they didn't seem to be thrilled with some comments by management that pricing pressure was increasing. But�a poor earnings report, an FDA warning, and weak guidance moving forward from Intuitive Surgical (NASDAQ: ISRG) yesterday�make Johnson & Johnson's medical device unit look stronger than ever. And that's why I believe shares of J&J moved higher today.
- [By Sue Chang]
Intuitive Surgical Inc. (ISRG) �is projected to report first-quarter earnings of $3.29 a share.
- [By Sean Williams]
Intuitive Surgical (NASDAQ: ISRG )
I know I've highlighted Intuitive Surgical as a Watchlist worthy stock previously, but following yesterday's out-of-the-blue revenue warning I think investors would be foolish not to add the robotic surgical device maker to their Watchlist if they haven't done so already. - [By Ben Levisohn]
It’s April Fools’ Day, but the joke is on the bears as stocks gained today, led by Intuitive Surgical (ISRG). TripAdvisor (TRIP), Cisco Systems (CSCO), Boeing (BA) and Walt Disney (DIS).
Top 10 Prefered Stocks To Invest In 2014: Camden Property Trust (CPT)
Camden Property Trust is a real estate investment trust (REIT). The Company is engaged in the ownership, management, development, acquisition, and construction of multi-family apartment communities. As each of its communities has similar economic characteristics, residents, amenities, and services, its operations have been aggregated into one segment.
In April 2011, it sold one of its land parcels to one of the Funds. In June 2011, it sold another land parcel to the Fund. In August 2011, the Company acquired 30.1 acres of land located in Atlanta, Georgia. In December 2011, it acquired 2.2 acres of land in Glendale, California. During the year ended December 31, 2011, it sold two properties consisting of 788 units located in Dallas, Texas. During 2011, the Funds acquired 18 multifamily properties totaling 6,076 units located in the Houston, Dallas, Austin, San Antonio, Tampa and Atlanta. In January 2012, one of the Funds acquired one multifamily property consisted of 350 units located in Raleigh, North Carolina.
As of December 31, 2011, the Company owned interests in, operated, or were developing 206 multifamily properties comprising 69,794 apartment homes across the United States. Of these 206 properties, 10 properties were under development. In addition, it owns land parcels, which it focuses on developing into multifamily apartment communities.
Advisors' Opinion:- [By Michael Lewis]
Take Camden Property Trust (NYSE: CPT ) , for example. The stock is up around 16% over two years -- respectable, but incongruent with the industry trends. Since 2010, operating cash flow has increased more than 30%. The company pays a 3.5% dividend and trades at 16.5 times projected one-year earnings. For comparison, Lennar trades at 18 times earnings, while KB Homes trades at more than 20 times forward earnings.
Top 10 Prefered Stocks To Invest In 2014: WageWorks Inc (WAGE)
WageWorks, Inc., incorporated on January 28, 2000, is an on-demand provider of tax-advantaged programs for consumer-directed health, commuter and other employee spending account benefits (CDBs), in the United States. The Company administers and operates a broad array of CDBs, including spending account management programs such as health and dependent care Flexible Spending Accounts (FSAs), Health Savings Accounts (HSAs), Health Reimbursement Arrangements (HRAs), and commuter benefits, such as transit and parking programs. The Company delivers its CDB programs through a scalable delivery model that employer clients and their employee participants may access through a standard Web browser on any Internet-enabled device, including computers, smart phones and other mobile devices such as tablet computers. In January 2013, the Company acquired Benefit Concepts, Inc.
The Company focuses on providing CDB programs to employer clients of any size. It provides marketing programs that are designed to maxmize employee participation in its employer clients��CDB offerings. The Company markets and sells its CDB programs through multiple channels, including direct sales to enterprises, direct sales and through brokers to small and medium-sized businesses (SMBs), and direct sales to industry purchasing and affiliate groups and through channel partners.
Its SMB distribution channel complements its enterprise sales channel and consists of third party advisors, including insurance agents and benefits consultants who typically have two to three enterprise clients and several hundred smaller employer clients, and institutional resellers, including regional and national insurance carriers, health plans, payroll providers, commercial banks and third-party administrators (TPAs). The Company also sells its programs through group purchasing organizations in which the Company negotiate a standard service contract with group purchasing organizations that are formed by industry specific employers to cov! er their members.
The Company competes with TASC, Inc, Aetna, UHC, Aon Hewitt, ADP, Ceridian, CDBs and Bank of America.
Advisors' Opinion:- [By John Udovich]
On Wednesday, small cap employee flexible spending account facilitator Wageworks Inc (NYSE: WAGE) rose 12.22% despite a secondary offering that effectively rewarded insiders plus the stock has tripled since last March. However, Wageworks��CEO recently said in a�conference call last week that he believes the�private health care exchanges related to Obamacare are expanding�the company���market plus WAGE also raised its forecast for full-year growth. So�does that make this small cap a buy?�
- [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 WageWorks (NYSE: WAGE ) , whose recent revenue and earnings are plotted below. - [By Laura Brodbeck]
Tuesday
Earnings Expected From: Frontier Communications Corporation (NASDAQ: FTR), GSI Group, Inc. (GSIG), Tesla Motors, Inc. (NASDAQ: TSLA), WageWorks, Inc. (NYSE: WAGE), DIRECTV (NASDAQ: DTV), Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) Economic Releases Expected: �Australian trade balance, New Zealand�� unemployment rate, Canadian trade balance, eurozone PPI, British services PMIWednesday
- [By Stock Gamer]
WageWorks (WAGE) is a leading provider of tax-advantage programs for consumer-directed benefits ("CDBs") in the US. The company operates and administers a wide range of tax-advantage CDBs including health and dependent care Flexible Spending Accounts ("FSAs"), Healthy Savings Accounts ("HSAs"), Health Reimbursement Arrangements ("HRAs"), as well as commuter benefits. WageWorks' CBD programs allow employees to save tax money by using pre-tax earnings to pay for their healthcare and commuter expenses. The programs also enable employers to benefit from reduced payroll taxes as their contributions are deductible for tax purpose, even after factoring in WageWorks' service fees.
Top 10 Prefered Stocks To Invest In 2014: Market Vectors Coal ETF (KOL)
Market Vectors-Coal ETF�� (the Fund) investment objective is to replicate as closely as possible, before fees and expenses, the price and yield performance of the Stowe Coal Index (the Coal Index). Van Eck Associates Corporation is the investment adviser to The Fund.
As of December 31, 2007, the Stowe Coal Index consists of the stocks of 60 publicly traded companies. These companies are engaged in the mining and/or transportation of coal, the manufacture of coal mining equipment and the production of clean coal.
Advisors' Opinion:- [By Jonathan Yates]
Even though China is not posting double-digit economic growth like it did before, shipping (NYSE: SEA), natural gas (NYSE: UNG) and coal (NYSE: KOL) should all fear the way the leadership is positioning the country.
Top 10 Prefered Stocks To Invest In 2014: The9 Limited(NCTY)
The9 Limited, together with its subsidiaries, engages in the development and operation of online games, and Internet and Website related businesses in the People?s Republic of China. The company offers online games, including MMORPGs, Web, and SNS games. As of December 31, 2010, it owned or had exclusive licenses to operate SUN, EA Sports FIFA Online 2, Atlantica, World of Fighter, Kingdom Heroes 2 Online, Winning Goal, ShenXianZhuan, Planetside 2, Free Realms, and Seoyugi games in China. The9 Limited also involves in the provision of Internet protocol television services and SMS services; Website solutions and advertising services, and mobile game platform; and licensing of its proprietary games to third parties. The company was formerly known as GameNow.net Limited and changed its name to The9 Limited in February 2004. The9 Limited was founded in 1999 and is headquartered in Shanghai, the People?s Republic of China.
Advisors' Opinion:- [By Sally Jones]
Here’s a look at three application software companies currently on a 52-week low and still held by a few billionaires. The9 Ltd. (NCTY), Merge Healthcare Inc. (MRGE) and FAB Universal Corp. (FU) are more than 52% off a 52-week high.
- [By Rich Duprey]
Chinese online game developer�The9� (NASDAQ: NCTY ) �says that between April 22 and April 28, its chairman and CEO, Jun Zhu, purchased 200,000 of the company's American depositary shares on the open market, and he�intends to purchase�as much as $5 million�worth of the stock in total. He is also a co-founder of the company.
Top 10 Prefered Stocks To Invest In 2014: Joy Global Inc (JOY)
Joy Global Inc. is a manufacturer and servicer of high productivity mining equipment for the extraction of coal and other minerals and ores. The Company's equipment is used in mining regions throughout the world to mine coal, copper, iron ore, oil sands, and other minerals. The Company's underground mining machinery segment (Joy Mining Machinery) is a manufacturer of underground mining equipment for the extraction of coal and other bedded minerals and offers service locations near mining regions worldwide. The Company's surface mining equipment segment (P&H Mining Equipment) is a producer of surface mining equipment for the extraction of ores and minerals and provides operational support for many types of equipment used in surface mining. During the fiscal year ended October 28, 2011, the Company completed the acquisition of LeTourneau. On December 30, 2011, it acquired approximately 41.1% of Int'l Mining Machinery Holdings Limited's common stock to 69.2%.
Underground Mining Machinery
Joy is a producer of underground mining machinery for the extraction of coal and other bedded materials. The Company has facilities in Australia, South Africa, the United Kingdom, China and the United States, as well as sales offices and service facilities in India, Poland and Russia. Joy products include continuous miners, shuttle cars, flexible conveyor trains, complete longwall mining systems (consisting of powered roof supports, an armored face conveyor and a longwall shearer), continuous haulage systems, battery haulers, roof bolters, crushing equipment and conveyor systems. Joy also maintains a network of service and replacement parts distribution centers to rebuild and service equipment, and to sell replacement parts and consumables in support of its installed base.
This network includes five service centers in the United States and eight outside the United States, all of which are located in underground mining regions. This segment has a range of products, including Continu! ous miners, Longwall shearers, Powered roof supports, Armored face conveyors, Shuttle cars, Flexible conveyor trains (FCT), Roof bolters, Battery haulers, Continuous haulage systems, Feeder breakers, Conveyor systems and High angle conveyors.
Electric, crawler mounted continuous miners cut material using carbide-tipped bits on a horizontal rotating cutterhead. Once cut, the material is gathered onto an internal conveyor and loaded into a haulage vehicle or continuous haulage system for transportation to the feeder breaker.
A longwall shearer trams back and forth on an armored face conveyor parallel to the material face. Using carbide-tipped bits on cutting drums at each end, the shearer cuts 1.2 to 8.0 meters high on each pass and simultaneously loads the material onto the armored face conveyor for transport through the stageloader to the conveyor belt.
Roof supports use hydraulic cylinders to perform a jacking-like function that supports the mine roof during longwall mining. The supports self-advance with the longwall shearer and armored face conveyors, resulting in controlled roof falls behind the supports. A longwall face may range up to 400 meters in length.
Armored face conveyors are used in longwall mining to transport material cut by the shearer away from the longwall face. Shuttle cars, a type of rubber-tired haulage vehicle, are electric-powered using an umbilical cable. Their purpose is to transport material from continuous miners to the feeder-breaker where chain conveyors in the shuttle cars unload the material. Some models of Joy shuttle cars can carry up to 22 metric tons of coal.
FCT�� are electric-powered, single operator, self-propelled conveyor systems that provide continuous haulage of material from a continuous miner to the main mine belt. The FCT uses a rubber belt similar to a standard fixed conveyor. The FCT�� conveyor operates independently from the track crawler system, allowing the FCT to move and convey mater! ial simul! taneously. Available in lengths of up to 570 feet, the FCT is able to negotiate multiple 90-degree turns in an underground mine infrastructure.
Roof bolters are drills used to bore holes in the mine roof and to insert long metal bolts into the holes to reinforce the mine roof. Battery haulers perform a similar function to shuttle cars and are powered by portable rechargeable batteries. Battery haulers feature a flexible center joint allowing them to maneuver in tight conditions and do not use a trailing cable, which allows for maximum flexibility in the mining process.
The continuous chain haulage system provides a similar function as the FCT, transporting material from the continuous miner to the main mine belts on a continuous basis, versus the batch process used by shuttle cars and battery haulers, but it does so with different technology. The continuous chain haulage system is made up of a series of connected bridge structures that utilize chain conveyors that transport the coal from one bridge structure to the next bridge structure and ultimately to the main mine belts.
Feeder breakers are a form of crusher that use rotating drums with carbide-tipped bits to break down the size of the mined material for loading onto conveyor systems or feeding into processing facilities. Mined material is typically loaded into the feeder breaker by a shuttle car or battery hauler in underground applications and by haul trucks in surface applications.
Conveyor systems are used in both above and under-ground applications. The primary components of a conveyor system are the idlers, idler structure, and the terminal which itself consists of a drive, discharge, take-up and tail loading section. The Continental high angle conveyor is a method for elevating or lowering materials continuously from one level to another at steep angles. The Continental technology uses fully equalized pressing mechanism, which secures material towards the center of the belt while sealing the! belt edg! es together. The high angle conveyor has throughput rates ranging from 0.30 to 4,400 tons per hour.
Surface Mining Equipment
P&H is the producer of electric mining shovels and a producer of walking draglines for open-pit mining operations. P&H has facilities in Australia, Brazil, Canada, Chile, China, South Africa, and the United States, as well as sales offices in India, Mexico, Peru, Russia, the United Kingdom, and Venezuela. P&H products are used in mining copper, coal, iron ore, oil sands, silver, gold, diamonds, phosphate, and other minerals and ores. P&H also provides logistics and a range of life cycle management service support for its customers through a global network of P&H MinePro Services operations strategically located within mining regions. In some markets, P&H MinePro Services also provides electric motor rebuilds and other selected products and services to the non-mining industrial segment. P&H also sells used electric mining shovels, drills and parts.
Mining shovels are used to load copper ore, coal, iron ore, oil sands, gold, and other mineral-bearing materials and overburden into trucks or other conveyances. There are two types of mining loaders: electric shovels and hydraulic excavators. Electric mining shovels feature dippers, allowing them to load volumes of material, while hydraulic excavators are smaller. The electric mining shovel�� use is determined by the size of the mining operation and the availability of electricity. Dippers can range in size from 12 to 82 cubic yards.
Draglines are primarily used to remove overburden to uncover coal or mineral deposits and then to replace the overburden as part of reclamation activities. P&H�� draglines are equipped with bucket sizes ranging from 30 to 160 cubic yards. Surface mines require breakage or blasting of rock, overburden, or ore using explosives. P&H MinePro Services provides life cycle management support, including equipment erections, relocations, inspections, service, r! epairs, r! ebuilds, upgrades, used equipment, new and used parts, enhancement kits and training. Each life cycle management program is designed for a particular customer and that customer�� application of the Company�� equipment.
Advisors' Opinion:- [By Garrett Cook]
In trading on Wednesday, basic materials shares were relative leaders, up on the day by about 0.85 percent. Meanwhile, top gainers in the sector included Joy Global (NYSE: JOY), up 7.78 percent, and Cliffs Natural Resources (NYSE: CLF), up 5.74 percent.
- [By Ben Levisohn]
A little good news out of China goes a long way for mining stocks like Rio Tinto (RIO) and BHP Billiton (BHP) as well as mining-machinery companies like Caterpillar (CAT) and Joy Global (JOY).
- [By Monica Gerson]
Breaking news
Shares of Joy Global (NYSE: JOY) fell more than 2.7% in pre-market trading after the company reported weaker-than-expected third-quarter earnings. To read the full news, click here. Johnson & Johnson (NYSE: JNJ) today announced it will fast-track the development of a promising new combination vaccine regimen against Ebola and broadly collaborate with its partners in global health to deliver immediate relief aid to address the current Ebola outbreak. To read the full news, click here. Shares of Ciena (NYSE: CIEN) dipped more than 12% in pre-market trading after the company issued a weak fiscal fourth-quarter forecast. However, the company reported upbeat third-quarter results. To read the full news, click here. Boeing (NYSE: BA), China's leading provider of passenger airplanes, projects a demand in the country for 6,020 new airplanes over the next 20 years, valued at $870 billion. To read the full news, click here.Posted-In: JP Morgan US Stock FuturesNews Eurozone Futures Global Pre-Market Outlook Markets
Top 10 Prefered Stocks To Invest In 2014: KaloBios Pharmaceuticals Inc (KBIO)
KaloBios Pharmaceuticals, Inc., is a United States-based company, which develops protein therapeutics. The Company develops and engineers antibodies and protein therapeutics. Its monoclonal antibodies (mAbs) technology that is being used for reengineering antibodies with products being developed in the areas of infectious disease, autoimmunity, and oncology. Its suite of technologies can also be used for discovery and engineering of other proteins, industrial enzymes and small molecule drugs. It conducts three clinical development programs in leukemia, infectious diseases, and autoimmune diseases. Advisors' Opinion:- [By Monica Gerson]
KaloBios Pharmaceuticals, Inc. (NASDAQ: KBIO) shares fell 64.48% to $0.65 in pre-market trading after the company reported top-line data from phase 2 study of KB001-A.
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