U.S. stocks rose, sending the Standard & Poor��s 500 Index to the biggest rally in three weeks, after government data showed the nation added more jobs than forecast last month.
Lincoln National Corp. climbed 5.4 percent, leading a rally among life insurers as bond yields surged on bets the Federal Reserve will begin to reduce its asset buying. KeyCorp advanced as Wells Fargo & Co. said regional banks benefit more than larger rivals from new rules on capital. Tesla Motors Inc. added 4.2 percent after saying it received enough orders to double the number of electric cars in Hong Kong. Homebuilders slumped amid concern rising interest rates may curtail a housing recovery.
The S&P 500 gained 1 percent, the most since June 13, to 1,631.89 at 4 p.m. in New York. The index advanced 1.6 percent for the week. The Dow Jones Industrial Average added 147.29 points, or 1 percent, to 15,135.84. About 4.95 billion shares changed hands, 24 percent below the three-month average. U.S. markets were closed yesterday for the Independence Day holiday.
Top 5 Promising Stocks To Invest In Right Now: Cliffs Natural Resources Inc.(CLF)
Cliffs Natural Resources Inc., a mining and natural resources company, produces iron ore pellets, lump and fines iron ore, and metallurgical coal products. The company operates six iron ore mines in Michigan, Minnesota, and eastern Canada; two iron ore mining complexes in Western Australia; five metallurgical coal mines located in West Virginia and Alabama; and one thermal coal mine located in West Virginia. It also owns a 45% economic interest in a coking and thermal coal mine located in Queensland, Australia; and a 30% interest in Amapa, a Brazilian iron ore project in Latin America, as well as chromite properties in Ontario, Canada. The company, formerly known as Cleveland-Cliffs Inc, was founded in 1847 and is headquartered in Cleveland, Ohio.
Advisors' Opinion:- [By Rich Smith]
This analyst doesn't dig Cliffs Natural Resources
Investors in coal and iron miner Cliffs Natural Resources (NYSE: CLF ) are off to a rocky start this week, as analysts at FBR Capital cut their price target on the stock 15% to $28 a share. - [By Dan Caplinger]
That has had dramatic effects not just on steelmakers like ArcelorMittal but also on the companies that supply them with raw materials. Cliffs Natural Resources (NYSE: CLF ) , which counts ArcelorMittal as one of its largest customers, had to cut its dividend by more than 75% in light of low iron ore prices due to poor demand. Given ArcelorMittal's huge debt, a decline in its long-standing dividend isn't out of the question.
Top 5 Regional Bank Stocks To Watch Right Now: Sunedison Inc (SUNE)
SunEdison Inc, formerly MEMC Electronic Materials, Inc., incorporated on October 1, 1984, is engaged in the development, manufacture and sale of silicon wafers. The Company is a developer and seller of photovoltaic energy solutions. Through Solar Materials and Solar Energy (SunEdison), it is a developer of solar energy projects. The Company operates in two segments: semiconductor materials and solar energy. The Company��s Solar Energy segment includes the operations of its old Solar Materials segment, as well as its SunEdison business. In the Semiconductor Materials, the Company offers wafers with a variety of features. The Company��s wafers vary in size, surface features, composition, purity levels, crystal properties and electrical properties.
Semiconductor Materials
The Company��s monocrystalline wafers for use in semiconductor applications range in size from 100 millimeter to 300 millimeter and are round in shape for semiconductor customers because of the nature of their processing equipment. Its wafers are used as the starting material for the manufacture of various types of semiconductor devices, including microprocessor, memory, logic and power devices. In turn, these semiconductor devices are used in computers, cellular phones and other mobile electronic devices, automobiles and other consumer and industrial products. Its monocrystalline wafers for semiconductor applications include four general categories of wafers: prime, epitaxial, test/monitor and silicon-on-insulator (SOI) wafers.
The Company��s prime wafer is a polished, pure wafer with an ultraflat and ultraclean surface. The Company��s epitaxial (epi), wafers consist of a thin silicon layer grown on the polished surface of the wafer. Typically, the epitaxial layer has different electrical properties from the underlying wafer. This provides customers with isolation between circuit elements than a polished wafer. Its AEGIS product is designed for certain specialized applications requiring high resis! tivity epitaxial wafers and its MDZ product feature. The AEGIS wafer includes a thin epitaxial layer grown on a standard starting wafer. The AEGIS wafer��s thin epitaxial layer eliminates harmful defects on the surface of the wafer, thereby allowing device manufacturers to increase yields. The Company supplies test/monitor wafers to its customers for use in testing semiconductor fabrication lines and processes. An SOI wafer is a different starting material for the chip making process.
Solar Energy
The Company��s Solar Energy segment provides solar energy services that integrate the design, installation, financing, monitoring, operations and maintenance portions of the downstream solar market to provide a solar energy service to its customers. As of December 31, 2012, SunEdison interconnected over 675 solar power systems representing 989 megawatt of solar energy generating capacity. As of December 31, 2012, SunEdison had 73 megawatt of projects under construction and 2.6 gigawatts in pipeline. In support of its downstream solar business, its Solar Energy segment manufactures polysilicon, silicon wafers and solar modules. Additionally, its Solar Energy segment will sell solar modules to third parties in the event the opportunity aligns with itsinternal needs. It provides its downstream customers with a way to purchase renewable energy by delivering solar power under long-term power purchase arrangements with customers or feed-in tariff arrangements with government entities and utilities. Its SunEdison business is dependent upon government subsidies, including United States federal incentive tax credits, state-sponsored energy credits and foreign feed-in tariffs. The Company��s solar wafers are used as the starting material for crystalline solar cells.
The Company competes with Shin-Etsu Handotai, SUMCO, Siltronic and LG Siltron, SunPower Corporation, First Solar, Inc., Enerparc, Sharp Corporation (Recurrent Energy), Phoenix Solar, BELECTRIC, JUWI Solar Gmbh, and S! olar City! .
Advisors' Opinion:- [By Paul Ausick]
SunEdison Inc. (NYSE: SUNE), like SunPower, has had a booming year. The share price is up more than 265% in the past 12 months. Shares closed at $14.01 Monday night, in a 52-week range of $3.64 to $14.71. With a price target of around $15.20, the potential upside is nearly 8%. Expected 2014 EPS is $0.56, and the stock’s forward P/E ratio is around 25. The company is planning to spin off its semiconductor wafer business during the first quarter.
- [By James Brumley]
What’s going to spark such a run-up from SOL stock at some point in 2014? Aaron Levitt offered details in his commentary on ReneSola, but the short version is that the panel maker has developed a strong name for itself as a supplier for small, independent power producers that are more cost-conscious than bigger players.
Sunedison (SUNE)While Sunedison (SUNE) is a name that occasionally surfaces during discussions of the market’s top solar stocks, it’s not always part of the debate.
- [By Lisa Levin]
SunEdison (NYSE: SUNE) shares surged 0.50% to reach a new 52-week high of $13.99. SunEdison's trailing-twelve-month revenue is $2.06 billion.
Posted-In: 52-Week HighsNews Intraday Update Markets Movers
- [By Aaron Levitt]
Utility NextEra Energy (NEE) is the nation��s largest solar and wind operator and just the latest firm to announce its intention to create a YieldCo. Moody��s estimates that about 30 utilities across the globe have the ability to create a YieldCo today based on current power plant holdings. Aside from the utility space, the various solar panel producers that also own/build grid-scale operations have also expressed their intentions about starting YieldCos. These include SunPower (SPWR) and SunEdison (SUNE).
Top 5 Regional Bank Stocks To Watch Right Now: Powershares Dynamic Food & Beverage Portfolio (PBJ)
PowerShares Dynamic Food & Beverage Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of an equity index called the Dynamic Food & Beverage Intellidex Index (the Food & Beverage Intellidex). The Food & Beverage Intellidex consists of stocks of 30 United States food and beverage companies. These are companies that are principally engaged in the manufacture, sale or distribution of food and beverage products, agricultural products and products related to the development of new food technologies. These companies may include companies that sell products and services, such as meat and poultry processing, and wholesale and retail distribution and warehousing of food and food-related products, including restaurants, grocery stores, brewers, distillers and vintners, as well as companies that manufacture and distribute products, including soft drinks, packaged food products (such as cereals, pet foods and frozen foods), health food and dietary products. Stocks are selected principally on the basis of their capital appreciation potential as identified by the AMEX (the Intellidex Provider) pursuant to its Intellidex methodology. The Fund��s investment advisor is PowerShares Capital Management LLC.
The Food & Beverage Intellidex is adjusted quarterly, and the Fund, using an indexing investment approach, attempts to replicate the performance of the Food & Beverage Intellidex. The Fund generally will invest in all of the stocks comprising the Food & Beverage Intellidex in proportion to their weightings in the Food & Beverage Intellidex. The Fund will normally invest at least 80% of its total assets in common stocks of food and beverage companies. The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Food & Beverage Intellidex.
Advisors' Opinion:- [By John Udovich]
Small cap ingredients stock Balchem Corporation (NASDAQ: BCPC) jumped 22.76% yesterday on news about an acquisition, meaning its worth taking a closer look at the stock along with potential peers like small cap MGP Ingredients Inc (NASDAQ: MGPI) and the PowerShares Dynamic Food & Beverage ETF (NYSEARCA: PBJ).
Top 5 Regional Bank Stocks To Watch Right Now: Huntington Ingalls Industries Inc. (HII)
Huntington Ingalls Industries, Inc. designs, builds, overhauls, and repairs ships primarily for the U.S. Navy and Coast Guard. It offers nuclear-powered ships, such as aircraft carriers and submarines; and non-nuclear ships, including surface combatants, expeditionary warfare/amphibious assault, coastal defense surface ships, and national security cutters, as well as engages in the refueling and overhaul, and inactivation of nuclear-powered ships. The company also operates as a full-service systems provider for the design, engineering, construction, and life cycle support of major programs for surface ships; and a provider of fleet support and maintenance services for the U.S. Navy. In addition, it provides a range of support services, including fabrication, construction, equipment, and technical services, as well as product sales to commercial nuclear power plants, fossil power plants, and other industrial facilities, as well as government customers. The company is based in Newport News, Virginia.
Advisors' Opinion:- [By Monica Wolfe]
Huntington Ingalls Industries (HII)
Fournier��s fifth largest position is in Huntington Ingalls Industries. The guru holds on to 4,129,567 shares, representing 8.32% of the company��s shares outstanding and 4.3% of his total portfolio. The guru did not make any changes to his holdings in Huntington over the second quarter.
- [By Katie Spence]
The money is running dry
Defense spending is being slashed left and right, which means the Pentagon is making hard decisions when it comes to military needs. Currently, there are a number of programs that the Pentagon is unwilling to sacrifice, such as Lockheed Martin's (NYSE: LMT ) F-35 fighter, Huntington Ingalls Industries' (NYSE: HII ) CVN-78 aircraft carrier, and Northrop Grumman's (NYSE: NOC ) RQ-4 Global Hawk drones -- good news for these guys. Then, there are other programs that the Pentagon has deemed less critical. That includes Boeing's C-17 contract.
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