After gaining 6.7% yesterday following better-than-forecast earnings, shares of Joy Global (JOY) are rising again today after Merrill Lynch upgraded the mining company to Buy from Neutral today.
Agence France-Presse/Getty ImagesNot everyone is so sure Joy Global is worth buying. Raymond James analyst�Theoni Pilarinos and team think the optimism is priced into Joy Global’s shares:
With commodity prices still under pressure and mining markets in continued surplus, we believe Joy�� stock price has already baked in cautious optimism. Strong service revenue, prudent cost management��hich should fuel a strong 2H14 (particularly 4Q)��nd an improved 2015 outlook have already been incorporated into our numbers. More importantly, we think this optimism has been baked into the stock�� current price, which is presently trading at 15x 2015E earnings. Accordingly, we would prefer to wait for a more favourable valuation profile or a more concrete end market outlook before taking a more constructive stance on the stock.
Top 5 Healthcare Technology Stocks To Own For 2015: NewLead Holdings Ltd.(NEWL)
NewLead Holdings Ltd. operates as an international shipping company that owns and operates product tankers and dry bulk carriers. It operates in two segments, Wet Operations and Dry Operations. The Wet Operations segment transports various refined petroleum products simultaneously in segregated coated cargo tanks that include gasoline, jet fuel, kerosene, naphtha, and gas oil. The Dry Operations segment involves in transporting and handling bulk cargoes through ownership, operation, and trading of vessels. As of August 2, 2011, the company operated a fleet of 6 double-hull product tankers and 16 dry bulk vessels. The company was formerly known as Aries Maritime Transport Limited and changed its name to NewLead Holdings Ltd. in December 2009. NewLead Holdings Ltd. was incorporated in 2005 and is based in Athens, Greece.
Advisors' Opinion:- [By Bryan Murphy]
Two months ago, maritime shipping stocks FreeSeas Inc. (NASDAQ:FREE), NewLead Holdings Ltd (NASDAQ:NEWL), and DryShips Inc. (NASDAQ:DRYS) were all the rage; traders couldn't get enough of them. The spark for the new strength from DRYS, NEWL, and FREE was a strong - and somewhat surprising - bounce in Baltic Dry Index, which roughly measures the daily charter rate for maritime shipping vessels. It had risen from a low of 698 at the beginning of the year to above 1000 by July to a peak of 2113 in late September. Since these shipping companies had seen a tripling (in less than a year, mind you) of the prices they could charge customers, the rebounding interest in these stocks was certainly understandable. FreeSeas shares more than doubled in value during that time. DryShips nearly did the same. While NewLead Holdings Ltd didn't actually dole out any significant gain, it did draw a lot of new interest during that hot period as a potential "the next one to take off" idea.
Best Net Payout Yield Companies For 2014: Nucor Corporation(NUE)
Nucor Corporation, together with its subsidiaries, engages in the manufacture and sale of steel and steel products in North America and internationally. It operates through three segments: Steel Mills, Steel Products, and Raw Materials. The Steel Mills segment produces hot and cold-rolled sheet steel; plate steel; structural steel comprising wide-flange beams, beam blanks, and sheet piling; and bar steel, such as blooms, billets, concrete reinforcing bar, merchant bar, and special bar quality products. The Steel Products segment offers steel joists and joist girders, steel deck, fabricated concrete reinforcing steel, cold finished steel, steel fasteners, metal building systems, light gauge steel framing, steel grating and expanded metal, and wire and wire mesh products. The Raw Materials segment produces direct reduced iron (DRI); brokers ferrous and nonferrous metals, pig iron, hot briquetted iron, and DRI; supplies ferro-alloys; and processes ferrous and nonferrous scrap metal products. The company?s operations also include various international trading companies that buy and sell steel and steel products. It sells its hot-rolled steel and cold-rolled steel to steel service centers, fabricators, and manufacturers; steel joists and joist girders, and steel deck to general contractors and fabricators; and cold finished steel and steel fasteners to distributors and manufacturers. The company?s products are used by contractors in constructing highways, bridges, reservoirs, utilities, hospitals, schools, airports, stadiums, and high-rise buildings. Nucor Corporation was founded in 1940 and is based in Charlotte, North Carolina.
Advisors' Opinion:- [By Rich Smith]
Nucor (NYSE: NUE ) earnings came out this morning, and the news was not good.
Sales for the fiscal second quarter dropped nearly 9%, to $4.7 billion. Earnings, at $0.27 per diluted share, were down 23%, due primarily to the reduction in revenues, and exacerbated by an increase in monies spent on marketing, administrative, and other expenses.
- [By Ben Levisohn]
The one exception to the general negativity: Nucor (NUE), but even it gets a price-target cut. Gibbs and Kenyon explain why:
We are maintaining our BUY rating on shares of [Nucor] but reducing our price target to $59. Amid near-term uncertainty, we believe investors seeking to put new money to work in the sector will prefer�[Nucor] given industry leading ROIC/balance sheet metrics, strong free cash flow generation, broad-based leverage to non-residential construction, and ongoing vertical integration (DRI and natural gas) strategy. Near-term Street expectations also appear more reasonable to us.
- [By Dividends4Life]
Linked here is a detailed quantitative analysis of Nucor Corporation (NUE). Below are some highlights from the above linked analysis:
Company Description: Nucor Corporation is the largest minimill steelmaker in the U.S., Nucor has one of the most diverse product lines of any steelmaker in the Americas.
Best Net Payout Yield Companies For 2014: WPP plc (WPPGY)
WPP plc provides communications services worldwide. Its Advertising and Media Investment Management segment plans and creates marketing and branding campaigns; and designs and produces advertisements for television, cable, the Internet, radio, magazines, and newspapers, as well as outdoor locations, including billboards. This segment also has media investment management capabilities in the areas of business science, consumer insight, communications and media planning implementation, interactions, content development, and sports and entertainment marketing. The company�s Consumer Insight segment offers custom research services in various sectors, including strategic market studies; brand positioning; equity research; customer satisfaction surveys; product development; international research; advanced modeling; advertising research; pre-testing, tracking, and sales modeling; and trends and futures research and consultancy. Its Public Relations & Public Affairs segment provi des advice to clients that seek to communicate with consumers, governments, and/or the business and financial communities. This segment�s activities include corporate, financial, and marketing communications; crisis management; reputation management; public affairs; and government lobbying. The company�s Branding & Identity, Healthcare, and Specialist Communications segment engages in branding and identity; healthcare communications; and direct, digital, promotional, and relationship marketing activities. This segment also offers specialist communications services, such as custom media and multicultural marketing; event, sports, youth, and entertainment marketing; corporate and business-to-business; and media, technology, and production services, as well as digital and measurable interactive marketing, digital marketing strategy, mobile solutions, and platforms services. The company has a strategic partnership with Twitter, Inc. WPP plc was founded in 1971 and is based in London, the United Kingdom.
Advisors' Opinion:- [By Alanna Petroff]
2. Earnings expectations: Shares in advertising giant WPP (WPPGY) were higher by roughly 2% in London after the firm reported strong half-year earnings.
- [By Alan Oscroft]
WPP (LSE: WPP ) (NASDAQ: WPPGY )
WPP shares have gained a modest 0.5% after the advertising giant revealed an acquisition. The firm's wholly owned operating network VML will take a 49% stake in Polish digital agency Heureka Group, with an option to acquire a majority stake at a later date. - [By Kevin Godbold]
So this series aims to identify appealing FTSE 100 investment opportunities and today I'm looking at�WPP� (LSE: WPP ) (NASDAQ: WPPGY ) , which provides marketing communications services such as advertising and public relations.
Best Net Payout Yield Companies For 2014: S&P 500/Barra Value(SU)
Suncor Energy Inc., together with its subsidiaries, operates as an integrated energy company. The company involves in the development of petroleum resource basins in Canada's Athabasca oil sands; acquisition, exploration, development, production, and marketing of crude oil and natural gas in Canada and internationally; transportation and refining of crude oil; and marketing of petroleum and petrochemical products primarily in Canada. Its Oil Sands segment produces bitumen recovered from oil sands through mining and in-situ technology, and upgrades it into refinery feedstock, diesel fuel, and by-products. This segment?s products include gasoline and distillates. The company?s Natural Gas segment acquires, explores, develops, and produces natural gas, natural gas liquids, oil, and by-products from reserves located primarily in western Canada, the Northwest Territories, Alaska, and the Arctic Islands. Its International and Offshore segment engages in the exploration and pro duction of oil and gas in offshore Newfoundland and Labrador, in the North Sea, and in Libya and Syria. The company?s Refining and Marketing segment refines crude oil at Suncor's refineries in Edmonton, Alberta; Montreal, Quebec; and Sarnia, Ontario in Canada, as well as in Commerce City, Colorado into a range of petroleum and petrochemical products for sale to retail, commercial, and industrial customers. It also transports crude oil through pipelines in eastern and western Canada, as well as through wholly-owned pipelines in Wyoming and Colorado; and produces specialty lubricants and waxes. In addition, this segment operates retail sites in Canada under the Petro-Canada brand; and in Colorado under Phillips 66 and Shell brands. Suncor Energy Inc. also engages in third-party energy trading activities. The company was formerly known as Suncor Inc. and changed its name to Suncor Energy Inc. in April 1997. Suncor Energy Inc. was founded in 1953 and is headquartered in Calgary , Canada.
Advisors' Opinion:- [By Achilles Research]
Marathon Oil has been doing well for shareholders with the second best performance in the peer group. Anadarko Petroleum (APC), which I have rated as a Sell recently because the share price has run away from its fundamentals, has returned 186% over five years. Marathon Oil achieved 124%, Occidental Petroleum (OXY) 105%, Suncor Energy (SU) 63%, Apache Corp. (APA) 20% and Devon Energy (DVN) 14%. As a value investor with a contrarian tilt I naturally look at underperformers because they often offer the best risk/reward ratio and asymmetric pay-off profiles. I also just recently added to my positions in Devon Energy and Apache Corp. as they are just too cheap to ignore (thesis here and here). Apache was extraordinarily hit on overblown fears of potential oil production interruptions in Egypt and corresponding asset sales.
Best Net Payout Yield Companies For 2014: Bovie Medical Corporation (BVX)
Bovie Medical Corporation develops, manufactures, and markets medical products and devices with an emphasis on electrosurgical generators and electrosurgical disposables primarily in the United States. Its electrosurgery product line comprises desiccators, generators, electrodes, electrosurgical pencils, and various ancillary disposable products used in surgical procedures in gynecology, urology, plastic surgery, dermatology, veterinary, and other surgical markets for the cutting and coagulation of tissue. The company offers Aaron 900 and Aaron 940, which are high frequency desiccators designed primarily for dermatology and family practice physicians for removing small skin lesions and growths, as well as for office based coagulation. It also provides Aaron 950, a high frequency desiccator with cut capacity for outpatient surgical procedures; Aaron 1250U, a 120-watt multipurpose electrosurgery generator; and Aaron 2250/3250 and IDS 200/300/400 multipurpose digital electros urgery generators. In addition, the company offers ICON GI, ICON GP, and ICON VS specialty electrosurgical generators; Resistick II, a coating that is applied to stainless steel, which resists eschar during surgery; disposable laparoscopic instruments; and ICON GS (J-Plasma), a plasma system. Further, it provides battery operated cauteries used for sculpting woven grafts in bypass surgery, vasectomies, and evacuation of subungual hematoma, as well as for arresting bleeding in various types of surgeries; battery operated medical lights that act as specialty lighting instruments for use in ophthalmology as well as specialty lighting instruments for general surgery, hip replacement surgery, and for the placement of endotracheal tubes in emergency and surgical procedures; and nerve locator stimulators used for identifying motor nerves in hand and facial reconstructive surgery. Bovie Medical Corporation was founded in 1982 and is based in Melville, New York.
Advisors' Opinion:- [By Andrew Stephan]
The J-Plasma surgical technology from Bovie Medical Corporation (BVX) has recently begun to hit the market. Although it is anticipated sales will start out slowly due to the time involved in building and deploying a sales force specific to J-Plasma and in hospital capital equipment purchasing decisions, revenues from J-Plasma are expected to become very strong in 2014, leading to a correspondingly large upward move in the share price.
Best Net Payout Yield Companies For 2014: MasTec Inc. (MTZ)
MasTec, Inc., an infrastructure construction company, engages in the engineering, building, installation, maintenance, and upgrade of energy, utility, and communications infrastructure primarily in North America. The company builds natural gas, crude oil, and refined product transport pipelines; underground and overhead distribution systems, including trenches, conduits, and cable and power lines, which provide wireless and wireline communications; electrical power generation, transmission, and distribution systems; renewable energy infrastructure comprising wind and solar farms; and compressor and pump stations, and treatment and heavy industrial plants. It also installs electrical and other energy distribution and transmission systems, power generation facilities, buried and aerial fiber optic cables, coaxial cables, copper lines, and satellite dishes in various environments. In addition, the company provides maintenance and upgrade support services, such as the maintena nce of distribution facilities; and networks and infrastructure, including natural gas and petroleum pipelines, wireless, power generation, and electrical distribution and transmission infrastructure, as well as routine replacements and upgrades, and overhauls. Further, it offers emergency services for accidents or storm damage. The company�s customers include public and private energy providers, pipeline operators, wireless service providers, satellite and broadband operators, local and long distance carriers, and government entities. MasTec, Inc. was founded in 1929 and is headquartered in Coral Gables, Florida.
Advisors' Opinion:- [By Michael Lewis]
For a quick comparison, take a look at U.S.-based Mastec (NYSE: MTZ ) , which trades at just under 13.75 times forward earnings yet holds a more conservative balance sheet and is a good bit larger at a market cap of $2.34 billion. While Mastec is building out its operations in Canada, Empresas offers potential outperformance by virtue of its market dominant position in Mexico.
- [By Rich Duprey]
MasTec (NYSE: MTZ ) is well-known for being�a leading infrastructure construction company across various industries, so its announcement this morning that it is acquiring an�oil and gas pipeline and facility construction services company should not come as a surprise.
- [By Aaron Levitt]
Despite its recent troubles, KBR is still one of the better stocks to buy if you want to play the prospective infrastructure boom.
MasTec (MTZ)While it isn�� as big as KBR or CBI, MasTec (MTZ) is quickly becoming of the best energy stocks to buy. Shares of the construction firm recently hit 10-year highs.
Best Net Payout Yield Companies For 2014: W.P. Carey & Co. LLC(WPC)
W. P. Carey & Co. LLC, together with its subsidiaries, provides long-term sale-leaseback and build-to-suit transactions for companies worldwide and manages a global investment portfolio. It invests primarily in commercial properties that are each triple-net leased to single corporate tenants, which requires each tenant to pay substantially all of the costs associated with operating and maintaining the property. The company also operates as an advisor to publicly owned, non-actively traded real estate investment trusts, which are sponsored by it under the Corporate Property Associates brand name, as well as invests in similar properties. As of March 31, 2010, its portfolio comprised full or partial ownership interest in 167 properties that totaled approximately 14 million square feet. W. P. Carey & Co. LLC was founded in 1973 and is based in New York, New York.
Advisors' Opinion:- [By Marc Bastow]
Build-to-suite properties real estate investment trust (REIT) W.P. Carey (WPC) raised its quarterly dividend 1.2% to 87 cents per share, payable on Jan. 15 to shareholders of record as of Dec. 31. This marks the 51st consecutive annual dividend increase for WPC.
WPC Dividend Yield: 5.67% - [By Eric Volkman]
W.P Carey (NYSE: WPC ) is shelling out a few more coins to reward its shareholders. The company has declared a $0.84-per-share dividend for its Q2, which will be paid on July 15 to shareholders of record as of July 1.
- [By Brad Thomas]
Compared with the public REIT peers, I believe that Chambers Street will compare favorably to W.P. Carey (WPC) and Lexington Realty Trust (LXP). Both of these REITs own larger box assets and they both have conservative and well-positioned balance sheets. Here is a snapshot of Chambers Street's capitalization:
- [By Rubicon Associates]
Another indicator is the "exit strategy through merger" activity which is also a "growth through merger" strategy. This is one we have been seeing more of recently. Two top examples are American Realty Capital Properties, Inc.'s (ARCP) acquisition of the non-traded REIT American Realty Capital Trust IV ("ARCT IV") and W.P. Carey's (WPC) $2.4B acquisition of the non-traded REIT Corporate Property Associates 16-Global Inc.
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