Last week was an important week for the markets: On Wednesday afternoon, the Federal Open Market Committee and Federal Reserve Chairman Ben Bernanke clarified the central bank's stance with regard to its $85 billion-per-month quantitative easing (bond-buying) program.
In the wake of that event, both of the following stocks generated enormous interest -- and experienced surging volumes. They share at least two characteristics, the first of which is that, strictly speaking, neither of them is a stock.
iShares 20+ Year Treasury Bond Fund (NYSEMKT: TLT )
From Wednesday through the end of the week, the average daily volume of the iShares 20+ Year Treasury Bond Fund was 21.6 million shares -- almost two and a half times the daily volume over the past three months. The ETF, which holds long-dated U.S. Treasury bonds, lost 4.8% on the week (price return), virtually all of which occurred during the last three days of the week. To put that figure in context, it is the fund's third worst week in its nearly 11-year history, and the worst since July 2009. What was the reason behind this drop?
Best Regional Bank Companies To Invest In Right Now: Grand Canyon Education Inc.(LOPE)
Grand Canyon Education, Inc. provides postsecondary education services in the United States and Canada. It focuses on offering graduate and undergraduate degree programs in education, healthcare, business, and liberal arts disciplines. The company provides its courses through traditional ground campus in Phoenix, Arizona; online; and onsite at the facilities of employers. As of December 31, 2011, it had 43,917 students enrolled in its courses. The company was formerly known as Significant Education, Inc and changed its name to Grand Canyon Education, Inc. in May 2008. Grand Canyon Education, Inc. was founded in 1949 and is based in Phoenix, Arizona.
Advisors' Opinion:- [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 Grand Canyon Education (Nasdaq: LOPE ) , whose recent revenue and earnings are plotted below. - [By Jeremy Bowman]
What: Shares of Grand Canyon Education (NASDAQ: LOPE ) were riding high today, gaining as much as 16% after soaring past estimates in its earnings report.
Top Dow Dividend Companies To Buy For 2014: DTS Inc.(DTSI)
DTS, Inc. provides audio technologies that are incorporated into various consumer electronics devices worldwide. Its audio technologies enable the delivery and playback of clear and compelling high-definition audio. The company?s technologies are used in various product applications, including audio/video receivers, soundbars, Blu-ray disc players, DVD based products, personal computers, car audio products, video game consoles, network capable televisions, digital media players, set-top-boxes, mobile phones, tablets and home theater systems. It also offers products and services to motion picture studios, radio and television broadcasters, game developers, and other content creators to facilitate the inclusion of compelling and realistic DTS-encoded soundtracks in their content. In addition, the company provides a suite of audio processing technologies to enhance the entertainment experience in televisions, personal computers (PC), and mobile electronics. It serves home au dio/video, automotive, PC, broadcast, mobile electronics, professional content, and other consumer electronics markets. The company was formerly known as Digital Theater Systems, Inc. and changed its name to DTS, Inc. in May 2005. DTS, Inc. was founded in 1990 and is headquartered in Calabasas, California.
Advisors' Opinion:- [By Lisa Levin]
DTS (NASDAQ: DTSI) surged 3.64% to $20.23. The volume of DTS shares traded 148% higher than normal. DTS's PEG ratio is 0.76.
Lululemon Athletica (NASDAQ: LULU) shares climbed 3.02% to $42.65. The volume of Lululemon Athletica shares traded was 138% higher than normal. Dow Jones reported that the company's founder Dennis Wilson, is exploring options, including a potential sale of the company to private equity.
- [By WWW.DAILYFINANCE.COM]
www.fossil.com From the world's largest retailer stepping up with fresh financials to a maker of fashionable timepieces proving that it can still grow in this unwelcome climate for watchmakers, here are some of the things that will help shape the week that lies ahead on Wall Street. Monday -- Sounds Good DTS (DTSI) has carved a cozy living providing sound-enhancing technology in Blu-ray players, video game consoles and other devices. Despite its success, DTS is trading a lot closer to its 52-week low than its 52-week high. One thing holding it back is that it has failed to impress the market with its quarterly financials. It's coming off back-to-back quarters of falling short of Wall Street's profit expectations. It's against this setting that DTS will step up after Monday's market close to deliver its latest results. Will the streak of disappointment stretch to three quarters, or is DTS finally going to put out a report that looks as good as its audio technology sounds? We will know soon. Tuesday -- Fossil Fuel Fossil (FOSL) may seem to be toiling away in an industry worthy of its name. Aren't wristwatches dinosaurs? Who wears watches anymore when we have smartwatches to tell us the time. Folks with active lifestyles are saving their wrists for fitness bracelets. Well, Fossil is growing just nicely in this environment, thank you very much. When the trendy watchmaker reports on Tuesday analysts see revenue climbing 13 percent. They see top-line growth of 10 percent for all of 2014. Fossil's profitability isn't expected to clock in as nicely, but unlike DTS,we've seen Fossil blow Wall Street's profit targets away consistently over the past year. Wednesday -- Press Hard CafePress (PRSS) has been a disappointment for investors since going public at $19 two years ago. The stock opened higher on its first day of trading, but it's been mostly downhill for the shares, which now fetch less than a third of the initial public offering price. CafePress was hoping
Top Dow Dividend Companies To Buy For 2014: Mueller Industries Inc (MLI)
Mueller Industries, Inc., incorporated on October 03, 1990, is a manufacturer of copper, brass, plastic, and aluminum products. The Company�� products include copper tube and fittings; brass and copper alloy rod, bar, and shapes; aluminum and brass forgings; aluminum and copper impact extrusions; plastic pipe, fittings and valves; refrigeration valves and fittings; fabricated tubular products; and steel nipples. The Company also resells imported brass and plastic plumbing valves, malleable iron fittings, faucets and plumbing specialty products. Mueller�� operations are located throughout the United States and in Canada, Mexico, Great Britain, and China. The Company has two segments: the Plumbing & Refrigeration segment and the Original Equipment Manufacturers (OEM) segment. The Plumbing & Refrigeration segment is composed of the Standard Products Division (SPD), European Operations, and Mexican Operations. The OEM segment is composed of the Industrial Products Division (IPD), Engineered Products Division (EPD), and Jiangsu Mueller-Xingrong Copper Industries Limited (Mueller-Xingrong), the Company�� Chinese joint venture. On August 16, 2012, the Company acquired 100% of the stock of Westermeyer Industries, Inc. (Westermeyer), located in Bluffs, Illinois. Westermeyer designs, manufactures, and distributes high-pressure components and accessories for the air-conditioning and refrigeration markets. In October 2013, Commercial Metals Company completed the sale of Howell Metal Company, to Mueller Copper Tube Products, Inc., a subsidiary of Mueller Industries, Inc.
Plumbing & Refrigeration segment
SPD manufactures and sells copper tube, copper and plastic fittings, plastic pipe, and valves in North America and sources products for import distribution in North America. European Operations manufacture copper tube in Europe, which is sold in Europe and the Middle East; activities also include import distribution in the United Kingdom and Ireland. Mexican Operations consist of pi! pe nipple manufacturing and import distribution businesses, including product lines of malleable iron fittings and other plumbing specialties. The Plumbing & Refrigeration segment sells products to wholesalers in the heating, ventilation, and air-conditioning (HVAC), plumbing, and refrigeration markets, to distributors to the manufactured housing and recreational vehicle industries, and to building material retailers.
Mueller�� Plumbing & Refrigeration segment includes SPD, which manufactures a line of copper tube, in sizes ranging from 1/8 inch to eight inch diameter, which are sold in various straight lengths and coils. Mueller is in the air-conditioning and refrigeration service tube markets. In addition, Mueller supplies a variety of water tube in straight lengths and coils used for plumbing applications in virtually every type of construction project. SPD also manufactures copper and plastic fittings and related components for the plumbing and heating industry that are used in water distribution systems, heating systems, air-conditioning, and refrigeration applications, and drainage, waste, and vent systems. SPD�� products are used in the domestic residential and commercial construction markets. The Plumbing & Refrigeration segment also fabricates steel pipe nipples and resells imported brass and plastic plumbing valves, malleable iron fittings, faucets, and plumbing specialty products to plumbing wholesalers, distributors to the manufactured housing and recreational vehicle industries and building materials retailers.
The Company competes with Cerro Flow Products, Inc., Cambridge-Lee Industries LLC , Wolverine Tube, Inc., KobeWieland Copper Products LLC, Howell Metal Company, Elkhart Products Company, NIBCO, Inc. and Charlotte Pipe & Foundry.
OEM segment
The OEM segment manufactures and sells brass and copper alloy rod, bar, and shapes; aluminum and brass forgings; aluminum and copper impact extrusions; refrigeration valves and fittings; fabr! icated tu! bular products, and gas valves and assemblies. Mueller-Xingrong manufactures engineered copper tube primarily for air-conditioning applications. The products are sold primarily to OEMs located in China. The OEM segment sells its products primarily to original equipment manufacturers, many of which are in the HVAC, plumbing, and refrigeration markets.
Mueller�� OEM segment includes IPD, which manufactures brass rod, nonferrous forgings, and impact extrusions that are sold primarily to OEMs in the plumbing, refrigeration, fluid power, and automotive industries, as well as to other manufacturers and distributors. The Company extrudes brass, bronze and copper alloy rod in sizes ranging from 3/8 inches to four inches in diameter. These alloys are used in applications that require a high degree of machinability, wear and corrosion resistance, as well as electrical conductivity. IPD also manufactures brass and aluminum forgings, which are used in a variety of products, including automotive components, brass fittings, industrial machinery, valve bodies, gear blanks, and computer hardware. IPD also serves the automotive, military ordnance, aerospace, and general manufacturing industries with cold-formed aluminum and copper impact extrusions. The OEM segment also includes EPD, which manufactures and fabricates valves and custom OEM products for refrigeration and air-conditioning, gas appliance, and barbecue grill applications. In addition, EPD manufactures shaped and formed tube, produced to tight tolerances, for baseboard heating, appliances, and medical instruments.
The Company competes with Chase Brass and Copper Company.
Advisors' Opinion:- [By Neil Macneale]
Among the potential addition to our portfolio, Mueller Industries (MLI) may seem among the least likely. It�� a very small-cap company ($1.8B) and it�� not very well known (covered by only two analysts).
- [By Seth Jayson]
Mueller Industries (NYSE: MLI ) reported earnings on July 23. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 29 (Q2), Mueller Industries met expectations on revenues and beat expectations on earnings per share.
Top Dow Dividend Companies To Buy For 2014: Bolt Technology Corporation(BOLT)
Bolt Technology Corporation engages in the development, manufacture, and sale of marine seismic data acquisition equipment and underwater remotely operated robotic vehicles worldwide. It operates through four segments: Seismic Energy Sources, Underwater Cables and Connectors, Seismic Energy Source Controllers, and Underwater Robotic Vehicles. The Seismic Energy Sources segment offers marine seismic energy sources, such as marine air guns for use in seismic exploration; and replacement parts. The Underwater Cables and Connectors segment provides underwater cables, connectors, hydrophones, depth and pressure transducers, and seismic source monitoring systems. The Seismic Energy Source Controllers offers air gun controllers/synchronizers, data loggers, and auxiliary equipment. The Underwater Robotic Vehicles segment offers underwater remotely operated robotic vehicles for various underwater tasks. The company serves marine seismic exploration contractors, oil and gas companie s, defense industry, fire and rescue organizations, and educational institutions, as well as federal, state, and local governmental units. Bolt Technology Corporation markets its products directly, as well as through sales agents and a network of distributors. The company was founded in 1960 and is headquartered in Norwalk, Connecticut.
Advisors' Opinion:- [By Monica Gerson]
Teledyne Technologies (NYSE: TDY) announced its plans to acquire Bolt Technology (NASDAQ: BOLT) for $22 per share. Bolt shares climbed 38.84% to $21.71 in the after-hours trading session, while Teledyne shares fell 0.29% to close at $97.40 yesterday.
Top Dow Dividend Companies To Buy For 2014: Red Robin Gourmet Burgers Inc.(RRGB)
Red Robin Gourmet Burgers, Inc., together with its subsidiaries, develops, operates, and franchises casual-dining restaurants in the United States and Canada. As of February 16, 2012, the company operated 465 Red Robin restaurants, including 328 company-owned restaurants and 137 restaurants operating under franchise agreements. Its restaurants offer gourmet burgers, as well as various salads, soups, appetizers, entrees, desserts, and signature Mad Mixology alcoholic and non-alcoholic specialty beverages Red Robin Gourmet Burgers, Inc. was founded in 1969 and is headquartered in Greenwood Village, Colorado.
Advisors' Opinion:- [By Steve Symington]
Remember, last year�Red Robin Gourmet Burgers (NASDAQ: RRGB ) partnered with Boston Beer Company�to eliminate the need for diners to choose between beer and a shake with their Sam Adams Oktoberfest Milkshake. Putting aside the potential negative post-dinner repercussions of mixing beer with a shake -- oof, I'm breathing heavy just thinking about it -- this was still a pretty fun collaborative idea which meshed well with Red Robin's atmosphere.
- [By Lisa Levin]
Red Robin Gourmet Burgers (NASDAQ: RRGB) shares climbed 3.04% to $54.23. The volume of Red Robin shares traded was 398% higher than normal. On Thursday, Red Robin reported downbeat second-quarter profit.
- [By Jayson Derrick]
Analysts at Jefferies maintained a Buy rating on Red Robin Gourmet Burger (NYSE: RRGB) with a price target lowered to $80 from a previous $90. Also, analysts at Wunderlich maintained a Buy rating on Red Robin with a price target raised to $92 from a previous $76. Shares gained 4.31 percent, closing at $54.90.
Top Dow Dividend Companies To Buy For 2014: Golub Capital BDC Inc (GBDC)
Golub Capital BDC, Inc. (Golub Capital BDC), incorporated on November 9, 2009, is an externally managed, closed-end, non-diversified management investment company. The Company's investment objective is to generate current income and capital appreciation by investing primarily in senior secured, one stop, second lien, subordinated loans of, and warrants and minority equity securities in, United States middle market companies. The Company seeks to create a diverse portfolio that includes senior secured, one stop, second lien and subordinated loans and warrants and minority equity securities by primarily investing in the securities of United States middle market companies. The Company's investment activities are managed by the Company's investment adviser, GC Advisors LLC (GC Advisors).
The Company seeks to generate risk-adjusted net returns by assembling a diversified portfolio of investments across a broad range of industries and private equity investors. The Company seeks to create a diverse portfolio that includes senior secured, one stop, second lien and subordinated loans and warrants and minority equity securities by primarily investing on average, in the securities of United States middle market companies. The Company primarily targets United States middle markets companies controlled by private equity investors that require capital for growth, acquisitions, recapitalizations, refinancings and leveraged buyouts. The Company may also make opportunistic loans to independently owned and publicly held middle market companies. The Company focuses on senior secured loans and one stops investments, given the principal protection from the first lien security interest associated with such loans.
Senior Secured Loans
The Company structures these investments as senior secured loans. The Company obtains security interests in the assets of the portfolio company that serve as collateral in support of the repayment of such loans. This collateral may take the form of! first-priority liens on the assets of the portfolio company borrower. The Company's senior secured loans may provide for moderate loan amortization in the early years of the loan, with the majority of the amortization deferred until loan maturity.
One Stop Loans
The Company structures its one stop loans as senior secured loans. The Company obtains security interests in the assets of the portfolio company that serve as collateral in support of the repayment of these loans. This collateral may take the form of first-priority liens on the assets of the portfolio company. One stop loans typically provide for moderate loan amortization in the initial years of the facility, with the majority of the amortization deferred until loan maturity. One stop loans generally allow the borrower to make a lump sum payment of principal at the end of the loan term, and there is a risk of loss if the borrower is unable to pay the lump sum or refinance the amount owed at maturity.
Second Lien Loans
The Company structures these investments as junior, secured loans. The Company obtains security interests in the assets of the portfolio company that serve as collateral in support of the repayment of such loans. This collateral may take the form of second priority liens on the assets of a portfolio company. Second lien loans typically provide for moderate loan amortization in the initial years of the facility, with the majority of the amortization deferred until loan maturity.
Subordinated Loans
1The Company structures these investments as unsecured, subordinated loans that provide for relatively high, fixed interests rates that provide the Company with interest income. These loans typically have interest-only payments (often representing a combination of cash pay and payment-in-kind, or PIK, interest) with amortization of principal deferred until loan maturity.
Advisors' Opinion:- [By Monica Gerson]
Golub Capital BDC (NASDAQ: GBDC) dipped 2.88% to $17.89 in pre-market trading after the company announced a public offering of 3.5 million shares of its common stock.
- [By GuruFocus]
SVP and CFO Michael D James bought 2,500 shares of GMAN stock on 12/17/2013 at the average price of 7.1. Michael D James owns at least 69,158 shares after this. The price of the stock has increased by 6.9% since.
Golub Capital BDC, Inc. (GBDC): CEO, 10% Owner David Golub Bought 5,000 SharesCEO, 10% Owner of Golub Capital BDC, Inc. (GBDC) David Golub bought 5,000 shares on 12/23/2013 at an average price of $18.71. Golub Capital BDC, Inc. was formed in November 2009. Golub Capital Bdc, Inc. has a market cap of $810.256 million; its shares were traded at around $18.71 with a P/E ratio of 13.90 and P/S ratio of 7.70. The dividend yield of Golub Capital Bdc, Inc. stocks is 6.84%.
- [By Jordan Wathen]
Alas, Eliasek's second comment about making sure the assets are qualifying rules out a senior secured lending program -- a strategy employed by competitors including Golub Capital� (NASDAQ: GBDC ) and Ares Capital� (NASDAQ: ARCC ) .
Top Dow Dividend Companies To Buy For 2014: Oak Ridge Energy Technologies Inc (OKME)
Oak Ridge Energy Technologies, Inc., formerly Oak Ridge Micro-Energy, Inc., incorporated on August 15, 1986, is a development-stage company. The Company licenses thin-film, solid-state batteries for industrial, government, and medical applications. The Company�� thin-film battery is rechargeable, lithium-based, and the active battery layers are thinner than common plastic wrap.
The Company�� batteries are intended for applications, such as wireless smart sensors, which operate in harsh environments, security cards, radio frequency identification (RFID) tags, semiconductor non-volatile memory chips, and implantable medical devices. Its prototype cells on ceramic substrates supplied to customers are 0.024 of an inch (0.62 millimeters) thick. Thin-film lithium and lithium-ion batteries are ideally suited for a variety of applications where a small power source is needed.
The Company competes with Infinite Power Solutions, Inc., Front Edge Technology, Inc., Cymbet Corporation, Teledyne Electronic Technologies, Excellatron and Planar Energy Devices, Inc.
Advisors' Opinion:- [By CRWE]
Today, OKME has shed (-7.69%) down -0.050 at $.600 with 2,446 shares in play thus far (ref. google finance Delayed: 9:56AM EDT July 15, 2013), but don�� let this get you down.
Oak Ridge Micro-Energy, Inc. previously reported a strategic US $2.5M investment by Precept Fund Management SPC�� on behalf of Prescient Fund SP into the revitalised US battery company Oak Ridge Micro-Energy.
Mr. Steve Barber, Principal of Precept Investment Management Limited, the investment manager of Precept Fund Management SPC said:
��lobally the energy storage sector is projected to be a US$60 Billion market by 2020. Precept�� $2.5m placement into OKME is a strategic move by the fund to secure a significant share of this exciting company and the growth potential of the battery market. Our opinion is that OKME has a world leading technical and commercial team, a focused business development strategy and the reputation to be a key player in the US and global battery market. OKME is one of only two investment targets the Fund identified after an in-depth analysis of the energy storage market. The other is a Swiss battery company named Leclanche. Precept is a long-term, active participation, value investor, and we look forward to a long and rewarding relationship with OKME.��/p>
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