Thursday, March 28, 2019
Wells Fargo CEO Out, Stock Rises
Wednesday, March 27, 2019
HCC zooms 8% on board approval for monetisation of specified awards & claims
Hindustan Construction Company shares rallied 8 percent intraday March 26 after the board approved monetisation of specified awards and claims.
The stock was quoting at Rs 15.34, up Rs 1.00, or 6.97 percent on the BSE, at 1424 hours IST.
HCC, on March 26, signed terms with a consortium of investors led by BlackRock, which will seek to monetise an identified pool of arbitration awards and claims for a consideration of Rs 1,750 crore.
The proposed transaction was approved by the board of directors of the company at its meeting held on March 26, 2019, and is subject to requisite approvals.
Under the terms of the transaction, HCC said it would transfer its beneficial interest and rights in an identified portfolio of arbitration awards and claims to a special purpose vehicle (SPV) controlled by a consortium of investors, including BlackRock.
HCC said it will utilise the amount to prepay debt of Rs 1,250 crore, including its entire term loan of Rs 942 crore that is due in the next 3 years and Rs 308 crore of OCDs.
The balance Rs 500 crore will be made available to fund working capital and business growth, it added.
First Published on Mar 26, 2019 03:05 pmMonday, March 25, 2019
The $1.3 Trillion 5G Boom Is Apple Stock's Latest Catalyst
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Remember when Microsoft was left for dead?
For more than a decade after the dot-com bubble, shares of Microsoft languished in the $20 range.
The stock went nowhere, victimized by its prior success and lack of motivation to innovate. It was content to just hold a vice grip monopoly on operating software.
Don't mess with a sleeping giant.
It turns out those betting against Microsoft finding a new product to sell were wrong.
Since replacing its CEO with a more innovative leader interested in exploiting new markets like cloud computing, Microsoft stock has exploded higher.
Shares are up some 450% since 2012.
That massive return was fueled by what was once considered the next monster breakthrough in the world of technology.
5G Could Mint a New Wave of Millionaires: The greatest tech shift in generations could be about to create untold wealth for investors. To find out how you could capture a life-changing SIX-figure windfall, go here now.
All Microsoft had to do was exploit its leadership and size to profit handsomely. That industry was cloud computing…
Today, many of the same naysayers are betting against Apple stock.
Gone are the days of innovation, they say.
In its place is a staid company that deserves a much lower valuation.
And just like cloud computing set up a massive rally in shares of Microsoft, the 5G boom is poised to do the same for Apple stock.
Why the 5G Movement Is Such a Huge Catalyst for Apple StockAt the moment, Apple phones are not built for the rollout of 5G.
This may or may not have been an intentional move on the part of Apple management.
If 5G is as big a deal as most expect, Apple users will quickly clamor for the capability. After all, more than $1.3 trillion is expected to be spent globally on the rollout of 5G technology…
What's the biggest thing dogging Apple stock today?
Sales of the all-important iPhone have hit the flat line.
The upgrade cycle of buying new phones has been extended.
However, nothing will change that quicker than demand for critical technology.
Given the importance of 5G and the interconnectivity of all things, investors may have found their catalyst for consumers buying new phones.
That catalyst is needed to propel the stock out of its current rut. Make no mistake, Apple is still up more than 7% in the last 12 months, compared to 4% for the S&P 500. But for Apple investors used to big gains, this still feels like a "rut."
But once Apple fully embraces 5G, the stock price could climb much higher…
What 5G Could Mean for the Apple Stock PriceJoin the conversation. Click here to jump to comments…
Tuesday, March 19, 2019
Drive Shack Inc. (DS) Q4 2018 Earnings Conference Call Transcript
Image source: The Motley Fool.
Drive Shack Inc. (NYSE:DS)Q4 2018 Earnings Conference CallMarch 14, 2019, 9:00 a.m. ET
Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:Operator
Good morning. My name is Lori, and I will be your conference operator today. At this time, I would like to welcome everyone to the Drive Shack's Fourth Quarter and Full Year 2018 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the prepared remarks, we will have a question-and-answer period; instructions will be given at that time. Today's call is being recorded. Thank you.
At this time, I would like to hand the call over to Austin Pruitt, Head of Investor Relations. Please go ahead.
Austin Pruitt -- Head of Investor Relations
Thank you, Lori, and good morning, everyone. I would like to welcome you to Drive Shack's fourth quarter 2018 earnings call. Joining me here today are Ken May, our Chief Executive Officer; and David Hammarley, our Chief Financial Officer. We have posted an investor presentation on our website, which we encourage you to download if you have not already done so.
I would like to point out that certain remarks made today will include forward-looking statements. Actual results may differ materially from those considered by these forward-looking statements. We encourage you to review the disclaimers in our press release and investor presentation, and to review the risk factors contained in our annual and quarterly reports filed with the SEC.
And now, I would like to turn the call over to Ken May.
Kenneth A. May -- Chief Executive Officer & President
Thank you, Austin. Good morning, everybody, and welcome to Drive Shack's fourth quarter conference call. We appreciate you joining us. As you might recall, David and I joined Drive Shack in November. We're really excited to be here. There's been a lot of changes, which we'll be detailing some of those here this morning, but a lot of exciting changes and things we think that our investors will be excited to hear about.
I'm going to give a summary of 2019 plans and goals for our business, and David is going to give a summary of Q4 and 2018 results, and spend a little bit of time on American Golf and things that are happening there. As far as background, I can't begin to tell you how excited I am to be at Drive Shack. It's a -- it's just an incredible experience, I'm very humbled by it. As far as background, I spent 25 years with FedEx. I've started at the bottom, unloading packages and moved my way up. I had 13 different assignments there during my 25 years there. At one point, I had all of U.S. operations, where -- I had 60,000 people delivering packages around the world.
At one point, I ran their worldwide operations control centers, where I was in-charge of airplanes and trucks moving all over the world. And then my last job there was as CEO of FedEx Kinko's where I had roughly $2 billion in revenue, 20,00 people in 1,700 locations. During my tenure there, we opened up 500 locations over a 24-month period. And so I guess the applicability of that experience is we know how to open up locations and go very fast. FedEx is known for execution and precision, and that experience has really helped me in my career, it's going to help me here at Drive Shack.
And my last job was CEO of Topgolf. When I went there, they had seven locations and we weren't making a lot of money. Through a lot of people that were there -- a lot of great people that were there, we went from seven locations to 34 . We went from 2,000 associates to up to 12,000 associates, and built an incredible culture where people really enjoyed working there. And so I'm eager to apply my knowledge and experience that I gained at FedEx and at Topgolf to apply to what we're trying to do at Drive Shack.
I want to spend a few minutes on our Company goals. We want to continue our expansion into the rapidly growing entertainment industry as an interactive dining and entertainment business with great golf content. As far as our plan for execution, we've laid out three priorities for driving results in (ph) the intermediate to long-term. Number one is, we're going to be selling our own traditional golf courses to fund Drive Shack's growth and optimize the operational synergies between the two segments. Secondly, we will be growing Drive Shack's footprint with high quality locations. And third, we will achieve attractive unit level economics by improving customer facing and back of house operational capabilities at each of our entertainment venues. So let me go into a little bit more detail on each of these priorities.
As far as sales of golf courses, American Golf, substantial strides have been made in monetizing the owned courses, which David will highlight in more detail in just a few minutes. In short, we have $155 million of proceeds sold or under contracted today, with an additional $20 million expected to close by year-end. We also estimate an additional value of $45 million to $65 million from two courses we plan to sell in the long-term. Ultimately, these proceeds will serve as a platform for growth, funding Drive Shack's golf entertainment business. And my hats off to the team at American Golf for the work they've done on this over the past year, it has been extraordinary.
Our second priority is to grow our golf entertainment footprint quickly. We're focusing on growing nationally very, very fast. Our development team has done a great job. Ted Heilbron and his team have just -- it's extraordinary. Just as an assessment, the pipeline has shaped up much faster than I thought that it even could and they've done an extraordinary job.
So today, I'm thrilled to announce that we have four new sites under contract. Those markets are Chicago, Illinois, which is downtown Chicago, Portland, Oregon, Newport Beach, California, which our entrance into California is a big deal, and then Houston, Texas. And so these sites, I've toured all of them -- all four of them, and they are situated in optimal locations across quality markets. And then going forward, as the number of contracts under negotiations keeps growing, we will continue to announce new deals as they are signed. But the pipeline is robust and we are executing on building that pipeline very quickly. The four sites under development, in the second half of the year, we will open up our second, third and fourth sites in Raleigh, West Palm Beach, and Richmond. All three of those are in quality trade areas. Those buildings are in the process of going up and being finished. We have our head of construction working hand-in-hand with our new VP of new store openings to ensure a clean handoff, and to open these up. A familiar thing that I hope you will begin to pick up on is the acute interest in ensuring both operations and development teams are stacked with experienced players, and do so we filled both with veterans and other leading multi-unit businesses that have golf entertainment experience, and have opened up dozens of these type facilities. And so I'm very comfortable that we can execute upon that.
In the fourth quarter, we'll be breaking ground in our new location in New Orleans, we're excited about that, and then starting this spring, American Golf will begin operating of the driving range at Randall's Island, our flagship New York City venue, which will begin construction in 2020. Third, I'd like to talk about our new box size. We're going to be rolling out a new 72-bay venue, that allow us to target untapped smaller Tier 2 MSAs. We spent a lot of time in this box over the last four months and we feel like it is going to be something that's going to allow us the leap for -- over the competition. Specifically, it will nearly double the addressable markets within the United States. And as we grow, we expect that the 72- bay design will be the most common format across our stores, which will bring down our average build costs.
Priority three was building operational capabilities. And we -- this is the thing that I'm most proud of I think, is that we built an incredible team. We have hired industry-leading veterans in just about every functional area who have done this before. And so I think, that the executional risk has been dramatically dropped to zero or something close to zero because these people have done this before and know-how. The functional areas we've hired these people were in IT, real estate development, food and beverage, learning and development, and event sales. We've also put together a new store opening team that I referenced earlier that is second to none that has opened up dozens of these type locations. And then in our first site in Orlando, we built a new team there, and we're working very hard to improve the operations of that particular site across all functional areas and with our new leadership team.
The second thing under operational capabilities is a brand strategy. You know, when David and I started, we were a golf company, and the mindset changes, now we know that we're an entertainment company. And with an entertainment company, you have to hire different people and train them differently, and send them differently, you almost have to entertain the employees just as much as you entertain the guest because happy employees take care of guest. And so that's what we're focusing on through our new L&D efforts. And I'm very excited about that and you're going to start to see that entertainment flair come out in our marketing materials as we go forward.
Third, with the new venue design, first and foremost, the shift will be most evident on the entertainment side with the feel of our venue. As I mentioned, we are actively redesigning our box. Beyond size, we will enhance our venues in a way that accounts for every step along the consumer's journey. As soon as the car door opens, we want our guest to feel the energy and excitement overflowing from Drive Shack, and walking into our venue will feel like walking into a party. Additionally, we look to create spaces throughout the entire venue, not just the base that allows us to constantly innovate our offerings. You can expect us to see -- you can expect to see structural changes in place for sites opening in 2020 and beyond; specifically, the first one will be in our New Orleans location. For sites opening this year, we've made some thoughtful changes to aesthetics to give the venue a cosmetic makeover. We've made tweaks throughout the building that on aggregate will generate a different atmosphere for our guest. Specifically, it will be edgier, trendier and more relevant.
I mentioned early on hiring and training. We're totally revamping how we hire people and how we train people. And we've hired a leading expert in learning and development to do this. And so we feel like that if we -- we become edgier and entertain our guests better, that they will have a better experience. And so those new processes are in the process of being developed and rolled out as we open up these next three locations. We feel like this changed attitude where fun is the keyword for everyone will be a big difference for our guest and for everyone.
On the food and beverage side, we've hired a corporate chef. We're totally working on food execution that starts with the percentage of our food that's made from scratch, and so you're going to see us move more toward a fresh approach to developing our menu and executing on it. It goes into the technology that supports our kitchens and our back of house operations. And so those things are being working on. We're also working on a new menu design that we'll be rolling out in Orlando in our next three locations, which will be very, very focused on trends in the food industry.
My conclusion after all of this is, we are confident that these changes will result in a more streamlined organizational structure, a strong brand identity, and improved functional operations, all of which we believe are the key factors in achieving our target economics. In Orlando specifically, we expect to break even this year and generate substantial revenue and EBITDA by next year.
So before I turn it over David, I want to take a moment to thank all our hardworking exceptional ambassadors at American Golf in Orlando, and in our venue support teams in New York City. They are the motor of this business and I am very proud to be a part of this sea. The new management team is doing all that we can to ensure that we're taking the necessary concrete actions to capture near-term opportunities, while building our brand and growing our footprint nationally. We are so excited about what's to come.
So with that, I'm going to turn it over to David, and he's going to go over 2018 and American Golf.
David M. Hammarley -- Chief Financial Officer
Thank you, Ken. Good morning, everyone, and thanks for joining us on the call. From my prepared remarks, I'll quickly review the results of the fourth quarter and full year 2018, give you a brief status update on the owned course sales progress, and provide a perspective on our growth prospects for 2019, and beyond.
In short, we are pleased with our overall progress. The ramp up in performance for our first golf entertainment venue in Orlando was a bit slower than expected, but we generated solid overall revenues on total Company basis. We also ended the year on a high note, closing the sales for a substantial chunk of our owned golf courses with additional sales continuing into the current quarter as well.
One point to call out before we go into the numbers in detail is that our business model is at an inflection point. As Ken mentioned, our ultimate goal is to open new entertainment golf venues to fund this growth. We're generating liquidity by selling traditional golf courses that we own within our American Golf business. Through this sales progress -- process, we've also entered into new management agreements with several course buyers, creating additional recurring revenue streams with our traditional golf business.
In short, our overall business changed significantly in 2018, and will continue changing in 2019. This makes interpreting year-over-year results less meaningful through the past quarter, and the next several quarters as we execute our strategic plan. Additionally, on the more technical side of things, a new accounting standard was implemented in 2018, which makes year-over-year GAAP financials less comparable. With all that being said, let me give an overview of the fourth quarter and 2018 full year results.
On a total Company basis, we generated approximately $314 million in full year 2018 revenues. After adjusting for the accounting standard changes, full year 2018 was flat compared to 2017. For the entertainment and golf segment, we don't have comparable year-over-year performance to discuss since our first Drive Shack venue in Orlando opened in April of 2018.
In terms of absolute performance, the Orlando venue generated $1.6 million in Q4 of 2018 revenues with average spend per visit of $41. This compares to $1.5 million in revenues in Q3 2018, with average spend per visit of $38. Our focus on the corporate events business helped drive the average spend per visit up in the quarter by approximately 8%, and we are optimistic that the events business will continue to be a top line driver for Orlando moving forward. In Q4, we also implemented new marketing strategies such as enhanced digital targeting, a new event style program -- programming to recruit walk-in visitors. The initial results show positive trends, including a 45% increase in incremental walk-in sales from November, December, a month, historically driven mostly by event visitors.
As Ken mentioned, over the last several weeks, we have hired a new Orlando leadership team and have been implementing several new top line strategies, and operational capabilities that give us a lot of confidence that the venue will continue to ramp up its financial performance each quarter. As Ken said, our new 72-bay venue will allow us to tap into more markets at a lower cost to build. Target stabilized economics for this venue format will be $15 million to $20 million in revenue at an EBITDA margin of approximately 25%. Our 90 to 102-bay economics have been updated and are slightly improved versus our previous outlook. We have increased our revenue target from $16 million to $23 million at a 20% to 25% margin to $20 million to $25 million in revenues at an approximately 30% margins.
As Ken stated, we have significant expansion plans for our entertainment golf business. We will open three new venues this year, three to five in 2020, and five to 10 each year thereafter. This means that by 2022, we plan to have over 20 venues opened across the US.
Moving the traditional golf, it makes sense to focus on our same-store portfolio performance, given the impact to the overall numbers of our sold courses, this year. On a same-store basis, Q4 traditional golf revenues were up 1% versus prior year, and full year revenues were up 3% versus prior year. Rounds played on our public courses were up 1% in 2018, despite playable days being down 2%, primarily due to bad weather.
Additionally, our public golf -- our public course membership program Players Club grew membership by 14% in 2018. For the private courses, despite our clubs being at or near golf member capacity, we were able to raise our average member dues by 4%. For our owned golf course sales program, we sold a total of $90 million for full year 2018, which compares to our prior public guidance of $125 million for full year 2018. Since January of this year, we've closed another $25 million in sales, which gets us to $115 million in owned golf course sales to date.
We still expect to complete an additional $60 million in golf course sales in the next few months, which gets us to our total proceeds goal of approximately $175 million by the end of 2019, with the bulk of that additional $60 million closing by the end of Q2. The $175 million in owned course sales are proceeds for 24 of our 26 owned courses in the original portfolio. For the two owned courses remaining that have potentially more long-term value, we've tightened the estimated value range to $45 million to $65 million, including development upside, compared to our 2018 guidance of $45 million to $85 million. We have updated the sales proceeds range for these two courses after evaluating in more depth the redevelopment potential upside of the two courses in their individual geographic markets. We will continue to explore the monetization of these remaining two courses in 2019.
We are also focused on driving efficiencies across our traditional golf and entertainment golf businesses. Most immediately, we see straightforward ways to improve back office efficiency by combining certain aspects of American Golf and Drive Shack. This includes eliminating some overlaps, combining technology platforms and leveraging many functional leaders and teams across the entire Company platform rather than focusing on individual businesses.
Additionally, we will continue to leverage American Golf's 50 plus years of experience in golf course operations to unlock key Drive Shack entertainment sites. These sites often require excellent course management skills or strong municipal relationships, both of which played a crucial role in winning the flagship Randall's Island site in New York City. Similarly, we will look to add Drive Shack's gaming technology to American Golf courses to enhance the traditional golf experience and drive more revenues and profits for that business.
As of year end 2018, the American Golf portfolio consist of 13 owned, 36 leased, and 17 managed properties. Our goals for this business continue to be largely monetizing the owned properties, optimizing the leased operations and growing our management business. In addition, we believe our ability to leverage Drive Shack's gaming technology on golf course driving ranges will be a unique value proposition in growing both segments of our business.
Before I end today, I'd like to summarize our future expectations for the business. We expect the Drive Shack Orlando site to break even from a cash flow perspective in 2019, and continue to ramp up its revenues and cash flow generation in 2020, and beyond. We anticipate our Raleigh, West Palm Beach, and Richmond sites to open in the second half of 2019, and I expect them to generate meaningful revenues and EBITDA starting in 2020.
We plan to open three to five new sites in 2020, and five DS (ph) sites in 2021 onwards, putting us at more than 20 sites by 2022. Moving forward, we expect our unit level economics to be slightly improved versus our previous outlook. Target cost to build are expected to be between $20 million and $35 million, and will be driven by the size of the venue and the cost characteristics of the individual geographic market.
Top line revenues per site are anticipated to be $15 million to $25 million, with target stabilized EBITDA margins of 25% to 30%. We expect to complete the bulk of our remaining owned golf course sales, which include all, but the two owned courses by year-end 2019, with total gross proceeds of $175 million, of which $115 million have already placed. We will continue to explore the monetization of the remaining two courses in 2019. We will use these net proceeds as a platform for growth for the Drive Shack entertainment golf.
After completing the transition of our traditional golf business in 2019 from a largely owned lease portfolio to primarily manage leased portfolio, we expect that our stabilized American Golf business will generate approximately $175 million in revenues and annual free cash flow of over $10 million in 2020, and beyond. In closing, and I am confident the actions we are taking to both improve our operational capabilities and accelerate our growth are starting to create strong momentum in 2019 and beyond.
With that, I'll turn it over to the operator for questions.
Questions and Answers:Operator
Thank you. (Operator Instructions). Your first question comes from the line of George Kelly of Imperial Capital.
George Kelly -- Imperial Capital -- Analyst
Hi, guys. Thanks for taking my questions, and I appreciate all the added detail that you provided on the conference call.
Kenneth A. May -- Chief Executive Officer & President
Thanks, George.
David M. Hammarley -- Chief Financial Officer
Thanks, George.
George Kelly -- Imperial Capital -- Analyst
So just a few questions for me, first about new sites. And so I understand this, you're targeting smaller metros now, just looking to sort of expand on that if you could? So I remember beforehand, the strategy had been sort of a regional clustering of new entertainment locations, is that still the expectation going forward, and how do you think about Topgolf when you're picking new locations?
Kenneth A. May -- Chief Executive Officer & President
George, thank you for the question. We will not be doing regional clustering. We're going to be focusing on a national footprint. We're going to go where the competition is not, that is our intention. There maybe we would -- we would like to be opportunistic where we see real estate deals, where we might be closer to the population in certain markets where the competition is not. And so we -- we're going to be very tactical, very smart about what we're doing going forward. But it will be on a national scale.
George Kelly -- Imperial Capital -- Analyst
Okay, got you. And then you mentioned, some of the changes to the format, what are -- I mean, just sort of contrasting with the current location in Orlando, what are the biggest structural, can you give any more detail about -- about any of the major changes, whether it's the game and the technology or anything else, just about how it looks different?
Kenneth A. May -- Chief Executive Officer & President
The main thing is that, our main bar right now is on the second floor; we're going to be move it down to the first floor. When you come in, we want to like you -- like I said earlier, that you're walking and feel like you're walking into a party. And so moving that main bar down and creating an energy when you walk into the building would be the biggest change. There are other things that we're going to be added into the box that we're not prepared to talk about yet. It will take it even to a -- and make it even better experience going forward.
George Kelly -- Imperial Capital -- Analyst
Okay. And this will be the -- other locations already under development, the next three will look somewhere kind of in between is that fair?
Kenneth A. May -- Chief Executive Officer & President
They will actually be pretty much. The steel was coming out of the ground when David and I started, so the ability to pivot and to move bars and things like that around were not available to us. We look at it, but they were too far along. And so we're going to be doing some aesthetic type changes to the building. We'll be programming it a little bit different than we've been programming it in the past. Certain parts of the building will be programmed differently, certain days of the week and certain nights of the week. And I think, that'll be the two -- the biggest structural changes you'll see to those buildings, that will be more aesthetic than anything.
George Kelly -- Imperial Capital -- Analyst
Okay. And then last question for me is just about financing. And can you -- I understand, the gross proceeds of the -- all the sales and expected sales in -- of the legacy portfolio, can you maybe just one more time, where are you with cash, what are the net -- is there any kind of tax implication about any of these golf properties or the future ones, and then is there any of that legacy debt portfolio that's still left to be monetized?
David M. Hammarley -- Chief Financial Officer
Sure. Let me take the last question first. On the legacy debt portfolio, we have moved away from that business. There is one position that is roughly $20 million on our balance sheet. And so that's a long-term play, we're staying on top of it. We think the long -- medium to long-term value of that is about $70 million, and so that covers that. In terms of the golf course liquidity, we have about $60 million of cash on hand. And as we think about our -- the overall range that I gave of gross proceeds of $220 million to $240 million, you would take the debt that we had against those courses, which we've already paid off of roughly $100 million out of that, and adding to the cash on hand, which gives us gross proceeds of around $180 million to $200 million.
And so as we think about the aggressive development plans we have, we know that starting next year, we're going to be going into the financing market in order to fund our growth. We're confident with the operational performance we're going to have in our open venues that will have the unit economics necessary to go out and get that financing. And so that -- we've already been starting to have preliminary discussions around, the best types of financing vehicles we've used to drive that incremental growth after we've utilized the golf course sales.
George Kelly -- Imperial Capital -- Analyst
Okay. Thank you.
Kenneth A. May -- Chief Executive Officer & President
Thanks George.
Operator
(Operator Instructions). If there are no further questions, we'll conclude today's call. Thank you for participating in Drive Shack's fourth quarter and full year 2018 earnings conference call. You may now disconnect your lines, and have a wonderful day.
Duration: 29 minutes
Call participants:Austin Pruitt -- Head of Investor Relations
Kenneth A. May -- Chief Executive Officer & President
David M. Hammarley -- Chief Financial Officer
George Kelly -- Imperial Capital -- Analyst
More DS analysis
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Sunday, March 17, 2019
Does Salesforce.com Deserve Wall Street's Pessimism?
Enterprise software-as-a-service giant salesforce.com (NYSE:CRM) delivered a strong fourth-quarter earnings report, with revenue up by double-digit percentages, and it beat expectations on key metrics. Yet Wall Street bid its shares lower for the week.
In this segment from Motley Fool Money, host Chris Hill and senior analysts Andy Cross, Ron Gross, and Jason Moser discuss the reasons why the customer relationship management powerhouse might be worrying investors, the leadership of CEO Marc Benioff, and its aggressive growth forecast. They also consider whether it needs to make further acquisitions, and the state of its advancing technology.
A full transcript follows the video.
This video was recorded on March 8, 2019.
Chris Hill: Shares of Salesforce down 6% this week after guidance for the first quarter came in light. Andy, you look at the fourth-quarter results for Salesforce, they were pretty darn strong.
Andy Cross: Really impressive for a $100 billion company. And that guidance was not that light. Just look at the quarter, it was $3.6 billion in revenues. That was up 26%. That was above guidance. Subscription and support revenue, up 26%. A non-GAAP EPS of $0.70, which was far higher than the estimates. Cash generated up 24% for the full year. They have a cash flow yield, if you just look at the cash flow vs. revenues, of 26%. Salesforce continues to be the leader in the CRM -- customer relationship management -- space. They're growing their influence. They guided for a four-year growth rate of sales of north of 20%, which, again, for a $100 billion market cap company, it's exceptionally aggressive. Maybe some analysts think that might not be possible, but Marc Benioff, who is a co-founder, owns more than 4% of the company, almost $5 billion worth of stock, has his life built into Salesforce, I certainly wouldn't doubt him too much. His history of delivering is pretty exceptional for Salesforce customers and shareholders.
Hill: We were talking before we started taping, you go back a couple of years, Salesforce was in the conversation, all these reports that we saw, of possibly acquiring Twitter. When you look at this business and the way Benioff has built it out, do you look and think, "OK, these plans are great in terms of organic growth."
But, do you want to see him go out and make some acquisitions, whether it's Twitter or something else?
Cross: I don't. They bought MuleSoft for $6.5 billion and they're continuing to integrate that into their platform. They just partnered with Google Analytics 360, so now their clients have access to Google Analytics more seamlessly. They continue to invest in things like AI. Their Einstein AI delivers more than 6 billion predictions every day. They're really building this platform for all kinds of global customers to have a 360-degree view to their entire customer life cycle, from sales to bringing them into the platform. That's really impressive as we think about the world being more and more integrated. Salesforce is a leader in that space.
Thursday, March 14, 2019
Investors Should Cheer Activision Blizzard's Latest Move
Last month, Activision Blizzard (NASDAQ:ATVI) made some interesting disclosures as part of its most recent earnings release.
The company explained that it's going to ratchet up how much it's spending on the development of its "biggest franchises," which include Call of Duty, CandyCrush, Overwatch, Warcraft, Hearthstone, and Diablo. The company claims that, in total, the number of developers it'll have working on these game franchises "will increase approximately 20% over the course of 2019."
Image source: Activision Blizzard.
In order to fund that increase, the company says, it plans to de-prioritize "initiatives that are not meeting expectations and reducing certain non-development and administrative-related costs across the business."
Put simply, the company is allocating resources where they're needed most -- to the development of the products that fundamentally drive its long-term financial performance.
Here's why these actions are in the best interests of Activision Blizzard stockholders.
It's all about the gamesThe costs of game development naturally rise over time. As games become more sophisticated, the amount of development effort necessarily increases, too. The underlying technology of games continues to grow in complexity, necessitating a greater number of skilled programmers to bring that technology to life. Games are also significantly defined by the quality and complexity of the virtual worlds that developers create, which means that more artists and level designers are going to be needed to deliver better experiences.
It's also worth noting that in this day and age, game publishers don't just release a game and then wait several years to release a sequel. Instead, these games are constantly being updated with new features and content. For example, buyers of Call of Duty: Black Ops 4 can opt to purchase, in addition to the base game, a $50 "season pass" that promises customers additional content (e.g., new weapons, maps, player models) over time.
This fundamental transformation of games from one-off products to platforms that need to be supported over the long term has helped to smooth out game industry revenues and increase overall spending on games, and has been a clear boon to game developers. At the same time, that additional content doesn't come for free -- it takes skilled developers to make that happen.
The other alternativeIn this case, Activision Blizzard really had two alternatives to choose from. The company could choose not to dramatically expand its developer headcount, which could lead to at least one of several undesirable outcomes such as overworked developers (as the existing workforce would need to, collectively, put more time in), game schedule slips, or a reduction in the scope of games being produced.
Or, in the short term, Activision Blizzard could keep a lid on its operating expenses (the company could still have initiated the cost-cutting actions that it is currently implementing, leading to a profit increase), and investors might enjoy a temporary sugar high.
But over the long term, the business would be harmed. If workers are simply overworked, they may find jobs at other publishers or simply leave the game industry altogether. If game schedules slip, this can have a negative impact on the lifetime financial performance of the game -- something that investors aren't going to be happy about. Additionally, if its games aren't as interesting as they could have been, Activision Blizzard would risk seeing worse-than-expected reviews of those games, ultimately translating into lower sales for those games in the short term and potential damage to the franchise brand over the long term. Gamers do have plenty of games to choose from, after all.
None of that should sound particularly appealing to long-term investors. That's why I'm glad to see Activision Blizzard making the move to invest more heavily in its developer workforce, as that investment should ultimately yield better games and, over the long term, an even healthier business.
Wednesday, March 13, 2019
Hot High Tech Stocks For 2019
In &l;a href=&q;https://www.becomingminimalist.com/happier/&q; target=&q;_blank&q;&g;a thought-provoking article&l;/a&g;, &l;em&g;Forbes&a;nbsp;&l;/em&g;contributor&a;nbsp;&l;a href=&q;https://www.forbes.com/sites/joshuabecker/&q;&g;Joshua Becker&l;/a&g; reviews ten studies in positive psychology that pertain to happiness and fulfillment. His conclusion is that more is not necessarily better.&a;nbsp;Many of the greatest sources of well-being come from experiences, not possessions; from &l;a href=&q;https://www.forbes.com/sites/brettsteenbarger/2018/04/16/generosity-and-peak-performance/&q;&g;giving to others&l;/a&g;; and from being grateful for what we have. We&s;re more likely to be happy if we are surrounded by happy people, not necessarily if we&s;re surrounded by the smartest or most successful individuals. Becker refers to this as &q;rational minimalism&q;: focusing on what is important by&a;nbsp;&l;a href=&q;http://www.becomingminimalist.com/dont-just-declutter-de-own/&q; target=&q;_blank&q;&g;ridding ourselves of clutter&l;/a&g;, especially the things we own that somehow end up owning us.
Hot High Tech Stocks For 2019: HomeTrust Bancshares, Inc.(HTBI)
Advisors' Opinion:- [By Stephan Byrd]
Hometrust Bancshares (NASDAQ:HTBI) and Dime Community Bancshares (NASDAQ:DCOM) are both small-cap finance companies, but which is the better business? We will compare the two businesses based on the strength of their profitability, earnings, risk, valuation, institutional ownership, dividends and analyst recommendations.
- [By Joseph Griffin]
Hometrust Bancshares (NASDAQ: HTBI) and TFS Financial (NASDAQ:TFSL) are both finance companies, but which is the better stock? We will contrast the two businesses based on the strength of their profitability, valuation, earnings, analyst recommendations, risk, institutional ownership and dividends.
- [By Joseph Griffin]
Northrim BanCorp (NASDAQ: NRIM) and Hometrust Bancshares (NASDAQ:HTBI) are both small-cap finance companies, but which is the better investment? We will contrast the two companies based on the strength of their profitability, institutional ownership, earnings, risk, analyst recommendations, valuation and dividends.
- [By Shane Hupp]
Headlines about Hometrust Bancshares (NASDAQ:HTBI) have trended somewhat positive on Saturday, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Hometrust Bancshares earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 46.8198551712188 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Hot High Tech Stocks For 2019: Cache Inc.(CACH)
Advisors' Opinion:- [By Shane Hupp]
CacheCoin (CACH) is a proof-of-work (PoW) coin that uses the Scrypt hashing algorithm. It was first traded on January 5th, 2014. CacheCoin’s total supply is 4,195,132 coins. CacheCoin’s official Twitter account is @CACHeCoin. The Reddit community for CacheCoin is /r/cachecoin and the currency’s Github account can be viewed here. The official website for CacheCoin is www.cachecoin.cc.
- [By Stephan Byrd]
CacheCoin (CACH) is a proof-of-work (PoW) coin that uses the Scrypt hashing algorithm. Its genesis date was January 5th, 2014. CacheCoin’s total supply is 4,195,132 coins. CacheCoin’s official Twitter account is @CACHeCoin. The official website for CacheCoin is www.cachecoin.cc. The Reddit community for CacheCoin is /r/cachecoin and the currency’s Github account can be viewed here.
- [By Max Byerly]
Cache (OTCMKTS: CACH) and New York & Company, Inc. (NYSE:NWY) are both small-cap retail/wholesale companies, but which is the superior business? We will compare the two businesses based on the strength of their dividends, valuation, risk, profitability, analyst recommendations, earnings and institutional ownership.
Hot High Tech Stocks For 2019: Textainer Group Holdings Limited(TGH)
Advisors' Opinion:- [By Reuben Gregg Brewer]
Although Textainer Group Holdings Limited (NYSE:TGH) and Teekay Corporation (NYSE:TK) are both focused on the shipping industry, they go about it in vastly different ways. Both companies were hit hard by industry downturns, but Textainer started to see a notable improvement in its container business in 2017. Teekay's collection of ship-owning businesses in the energy sector, on the other hand, continued to struggle overall -- but signs seem to point to an upturn this year. Which one is the better buy today?
- [By Matthew DiLallo]
That volatility has been evident at both Textainer Group Holdings Ltd. (NYSE:TGH) and Nordic American Tankers Ltd. (NYSE:NAT) in recent years. Because of that, investors need to weigh their upside in a recovering market against the downside potential before choosing either stock.
- [By Matthew DiLallo]
Last year was one that investors in Textainer Group Holdings (NYSE:TGH) will likely remember fondly as the container leasing company's stock rocketed an eye-popping 188%. This year, however, has been a different story as shares are down nearly 30% since the beginning of the year, and more than 40% off their high. That sell-off might have investors wondering if now's a good time to buy.
Hot High Tech Stocks For 2019: MISONIX Inc.(MSON)
Advisors' Opinion:- [By Ethan Ryder]
H2O Innovation (OTCMKTS:HEOFF) and Misonix (NASDAQ:MSON) are both small-cap industrial products companies, but which is the superior business? We will contrast the two companies based on the strength of their dividends, valuation, earnings, profitability, analyst recommendations, risk and institutional ownership.
- [By Max Byerly]
Get a free copy of the Zacks research report on Misonix (MSON)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Logan Wallace]
Misonix (NASDAQ:MSON) and H2O Innovation (OTCMKTS:HEOFF) are both small-cap computer and technology companies, but which is the better investment? We will contrast the two companies based on the strength of their dividends, institutional ownership, analyst recommendations, valuation, profitability, earnings and risk.
Hot High Tech Stocks For 2019: Corindus Vascular Robotics, Inc.(CVRS)
Advisors' Opinion:- [By Max Byerly]
Corindus Vascular Robotics (NYSEAMERICAN:CVRS) released its quarterly earnings results on Tuesday. The medical equipment provider reported ($0.08) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.03), Bloomberg Earnings reports. The business had revenue of $1.49 million for the quarter, compared to the consensus estimate of $3.20 million. Corindus Vascular Robotics had a negative return on equity of 110.93% and a negative net margin of 323.84%.
- [By Motley Fool Transcribers]
Corindus Vascular Robotics Inc (NYSEMKT:CVRS)Q4 2018 Earnings Conference CallMarch 12, 2019, 4:30 p.m. ET
Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:Operator
- [By Alexander Bird]
Here are the top performers from last week…
Penny Stock Current Share Price Last Week's Gain Aegean Marine Petroleum Network Inc. (NYSE: ANW) $1.83 165.71% Radisys Corp. (Nasdaq: RSYS) $1.55 115.68% Ascent Capital Group Inc. (Nasdaq: ASCMA) $3.71 43.12% Adamis Pharmaceuticals Corp. (Nasdaq: ADMP) $4.36 40.63% Tintri Inc. (Nasdaq: TNTR) $0.18 40.49% Prana Biotechnology Ltd. (Nasdaq: PRAN) $2.35 39.96% Micronet Enertec Technologies Inc. (Nasdaq: MICT) $1.60 39.40% Corindus Vascular Robotics (NYSE: CVRS) $1.17 34.40% ParkerVision Inc. (Nasdaq: PRKR) $0.70 30.65% SuperCom Ltd. (Nasdaq: SPCB) $0.24 30.10%While these gains are exciting, they pale in comparison to the profit potential of our top penny stock to buy this week.
- [By Stephan Byrd]
Get a free copy of the Zacks research report on Corindus Vascular Robotics (CVRS)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Tuesday, March 12, 2019
Top 5 Oil Stocks For 2019
The United Kingdom’s most important crude oil pipeline is the 450,000 barrel-a-day Forties pipeline that has been closed since December 11 to repair a leak. Pipeline flows were restarted earlier this week and pipeline operator Ineos said it had reached about half the usual rate.
The Forties pipeline is the largest of the five major North Sea pipeline systems and the recent shutdown has helped push the price of Brent crude to more than $67 a barrel. The pipeline’s shutdown forced the shutdown of several producing North Sea fields that will also have to be restarted before flows return to normal.
According to a report at Reuters, only six Forties cargoes of 600,000 barrels each are included in February’s export schedule, down from 20 originally scheduled for January delivery. The first February cargo is not scheduled to load until February 19.
The Forties pipeline also supplies the refinery at Grangemouth on Scotland’s Firth of Forth. BP sold the refinery to Petroineos, a joint venture between Petrochina and U.K.-based Ineos, earlier this year. Ineos is a privately held U.K.-based chemical company.
Top 5 Oil Stocks For 2019: ConocoPhillips(COP)
Advisors' Opinion:- [By Matthew DiLallo]
ConocoPhillips (NYSE:COP) is one of a growing number of oil producers that is reevaluating its drilling plans in the Permian Basin because of the region's looming pipeline shortage. Among the options it's considering is redeploying at least some of its resources out of the Basin until new pipes start up toward the end of next year. While that could affect its growth prospects in the near term, it also might provide the company with the opportunity to enhance its longer-term growth potential in the region.
- [By Chris Lange]
The number of ConocoPhillips (NYSE: COP) shares short rose slightly to 21.33 million from the previous level of 21.01 million. Shares were trading at $64.79, within a 52-week range of $42.27 to $71.71.
- [By Matthew DiLallo]
Last fall, ConocoPhillips (NYSE:COP) outlined its three-year operating plan, anticipating that it could increase production at a 5% compound annual growth rate assuming oil averaged $50 a barrel. While the return to a growth trajectory was nice to see, its forecast paled in comparison to rivals like EOG Resources (NYSE:EOG) and Anadarko Petroleum (NYSE:APC), which both project double-digit oil production growth rates over the next few years.
Top 5 Oil Stocks For 2019: Williams Partners L.P.(WPZ)
Advisors' Opinion:- [By Stephan Byrd]
Barclays set a $46.00 price target on Williams Pipeline Partners (NYSE:WPZ) in a research note published on Saturday. The brokerage currently has a hold rating on the pipeline company’s stock.
- [By Lisa Levin] Gainers Carver Bancorp, Inc. (NASDAQ: CARV) shares jumped 92.1 percent to $7.01. iPic Entertainment Inc. (NASDAQ: IPIC) gained 21.6 percent to $9.73. Baozun Inc. (NASDAQ: BZUN) shares jumped 18.7 percent to $53.49 after reporting Q1 results. World Wrestling Entertainment, Inc. (NYSE: WWE) shares jumped 15.9 percent to $50.50. The company's "Smackdown Live" may not be renewed at NBCUniversal network and the company's "Monday Night Raw" program could be worth three times its current value elsewhere, according to a report for The Hollywood Reporter. Spectrum Pharmaceuticals, Inc. (NASDAQ: SPPI) gained 14.7 percent to $ 20.46 after the company issued further details on Phase 3 ADVANCE study of ROLONTIS. Motus GI Holdings, Inc. (NASDAQ: MOTS) climbed 13.4 percent to $5.5009. Endocyte, Inc. (NASDAQ: ECYT) rose 13.3 percent to $ 14.23 after the company announced presentation of Phase 2 data from prostate cancer trial of 177Lu-PSMA-617 at the 2018 ASCO Annual Meeting. Diana Containerships Inc. (NASDAQ: DCIX) gained 12.9 percent to $1.7499 after the company announced the sale of Post-Panamax Container Vessel for $21 million. Essendant Inc. (NASDAQ: ESND) gained 12.7 percent to $12.43. Essendant confirmed receipt of unsolicited proposal from Staples of $11.50 per share in cash. Blink Charging Co (NASDAQ: BLNK) rose 11.8 percent to $8.04 after surging 31.68 percent on Wednesday. OptimumBank Holdings, Inc. (NASDAQ: OPHC) gained 11.5 percent to $5.15. Flotek Industries, Inc. (NYSE: FTK) shares climbed 10.7 percent to $3.74. Farmer Bros. Co. (NASDAQ: FARM) rose 7.9 percent to $25.95 after climbing 7.90 percent on Wednesday. Minerva Neurosciences Inc (NASDAQ: NERV) rose 6.5 percent to $6.93 after Journal of Clinical Psychiatry published positive results of cognitive performance from Phase 2B trial of roluperidone in schizophrenia patients. Williams Partners L.P. (NYSE: WPZ) rose 5.6 percent to $40
- [By Matthew DiLallo]
Williams Companies is in the midst of a major transition. It recently agreed to acquire the rest of its MLP, Williams Partners (NYSE:WPZ), in a $10.4 billion deal. The pipeline giant is making this acquisition so that it can more easily finance the expansion projects Williams Partners has under development. The transaction would allow it to free up some cash flow and improve its credit metrics, giving it more financial flexibility.
- [By Matthew DiLallo]
Natural gas pipeline giant Williams Companies (NYSE:WMB) announced today that it agreed to acquire the rest of its master limited partnership (MLP) Williams Partners (NYSE:WPZ) that it didn't already own in a $10.5 billion deal. Not to be outdone, Canadian energy infrastructure giant Enbridge (NYSE:ENB) made an offer to acquire its namesake MLP Enbridge Energy Partners (NYSE:EEP), along with the rest of its publicly traded entities, including Spectra Energy Partners (NYSE:SEP). These transactions have big implications not only for investors in these entities but for those who own other pipeline companies, too.
- [By Maxx Chatsko]
Simpler organizational structures could yield significant benefits for individual investors. In addition to being easier to follow and understand, it will make it easier than ever to own some of the most important pieces of energy infrastructure in the United States. The proposed merger between Williams Companies (NYSE:WMB) and Williams Partners LP (NYSE:WPZ) is a great example, as it owns some of the best natural gas infrastructure in the United States. Here's why investors should be bullish on the multi-billion dollar merger.
- [By Lisa Levin]
Analysts at Stifel Nicolaus downgraded Williams Partners L.P. (NYSE: WPZ) from Buy to Hold..
Williams Partners shares fell 0.63 percent to close at $41.23 on Friday.
Top 5 Oil Stocks For 2019: Whiting Petroleum Corporation(WLL)
Advisors' Opinion:- [By Logan Wallace]
Whiting Petroleum Corp (NYSE:WLL) – Analysts at Jefferies Financial Group increased their Q2 2018 earnings per share (EPS) estimates for Whiting Petroleum in a research note issued on Monday, July 9th. Jefferies Financial Group analyst M. Lear now forecasts that the oil and gas exploration company will earn $0.64 per share for the quarter, up from their prior estimate of $0.63. Jefferies Financial Group also issued estimates for Whiting Petroleum’s Q3 2018 earnings at $0.61 EPS, Q4 2018 earnings at $0.86 EPS, FY2018 earnings at $3.02 EPS, Q1 2019 earnings at $1.24 EPS, Q2 2019 earnings at $0.97 EPS, Q3 2019 earnings at $0.64 EPS, Q4 2019 earnings at $0.72 EPS, FY2019 earnings at $3.57 EPS, Q1 2020 earnings at $0.78 EPS, Q2 2020 earnings at $0.77 EPS and FY2020 earnings at $3.15 EPS.
- [By Ethan Ryder]
Several analysts have recently updated their ratings and price targets for Whiting Petroleum (NYSE: WLL):
2/15/2019 – Whiting Petroleum was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Whiting Petroleum's core operations are focused in North Dakota's Williston Basin, providing this E&P with an enviable acreage of top-tier assets and a multi-year drilling inventory. The company’s continually improving drilling efficiency has driven down cash costs while leading to attractive cash flow generation. However, as a counter to these strengths, Whiting Petroleum still carries considerable debt load, which may spell trouble. Moreover, the company’s price hedges have exposed it to significant risks amid the high volatility in crude prices. As such, the stock is expected to perform in line with the broader market.” 2/12/2019 – Whiting Petroleum is now covered by analysts at KeyCorp. They set an “overweight” rating and a $33.00 price target on the stock. 2/9/2019 – Whiting Petroleum was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Whiting Petroleum's core operations are focused in North Dakota's Williston Basin, providing this E&P with an enviable acreage of top-tier assets and a multi-year drilling inventory. The company’s continually improving drilling efficiency has driven down cash costs while leading to attractive cash flow generation. However, as a counter to these strengths, Whiting Petroleum still carries considerable debt load, which may spell trouble. Moreover, the company’s price hedges have exposed it to significant risks amid the high volatility in crude prices. As such, the stock is expected to perform in line with the broader market.” 2/8/2019 – Whiting Petroleum - [By Matthew DiLallo]
Shares of Whiting Petroleum (NYSE:WLL) sold off on Wednesday, falling more than 10% by 10:15 a.m. EST. Driving the decline was the oil company's fourth-quarter report and its outlook for 2019.
- [By Matthew DiLallo]
Whiting Petroleum (NYSE:WLL) bounded upward more than 55% for the quarter, fueled by rising crude prices and its strong first-quarter results. After struggling to scrape by on lower oil prices, Whiting's cash flow has surged this year, providing it enough money to fund its drilling program with more than $100 million to spare during the first quarter.
- [By Logan Wallace]
Whiting Petroleum Corp (NYSE:WLL) – Seaport Global Securities increased their Q1 2019 earnings per share (EPS) estimates for shares of Whiting Petroleum in a report issued on Wednesday, May 23rd. Seaport Global Securities analyst M. Kelly now expects that the oil and gas exploration company will post earnings of $0.98 per share for the quarter, up from their previous estimate of $0.55. Seaport Global Securities has a “Buy” rating and a $40.00 price target on the stock. Seaport Global Securities also issued estimates for Whiting Petroleum’s Q2 2019 earnings at $0.87 EPS, Q3 2019 earnings at $0.85 EPS, Q4 2019 earnings at $0.89 EPS and FY2019 earnings at $3.58 EPS.
- [By Stephan Byrd]
Get a free copy of the Zacks research report on Whiting Petroleum (WLL)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top 5 Oil Stocks For 2019: Encana Corporation(ECA)
Advisors' Opinion:- [By Stephan Byrd]
Cenovus Energy (NYSE:CVE) and Encana (NYSE:ECA) are both large-cap oils/energy companies, but which is the superior stock? We will compare the two companies based on the strength of their risk, institutional ownership, valuation, profitability, dividends, earnings and analyst recommendations.
- [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 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.
- [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.
Top 5 Oil Stocks For 2019: Halliburton Company(HAL)
Advisors' Opinion:- [By Joseph Griffin]
Ferguson Wellman Capital Management Inc. purchased a new position in shares of Halliburton (NYSE:HAL) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 386,214 shares of the oilfield services company’s stock, valued at approximately $17,403,000.
- [By Chris Lange]
The stock posting the largest daily percentage loss in the S&P 500 ahead of the close was Halliburton Co. (NYSE: HAL) which fell about 6% to $37.05. The stock's 52-week range is $36.82 to $57.86. Volume was about 18 million compared to the daily average volume of about 8 million.
- [By Stephan Byrd]
Halcyon (HAL) is a PoW/PoS coin that uses the
X15 hashing algorithm. Its genesis date was July 16th, 2014. Halcyon’s total supply is 6,668,787 coins. Halcyon’s official website is halcyon.top. Halcyon’s official Twitter account is @halcyondev. - [By Garrett Baldwin]
Earnings season is now in full swing, with today's key reports from Alphabet Inc. (Nasdaq: GOOGL) and Halliburton Co. (NYSE: HAL). Thanks to tax cuts, expectations are high. Analysts expect profit growth to top 18%, which would be the biggest jump in seven years. But there are a few bearish trends that are still lurking in the market. And if you're serious about making money, you need to know how to harness them and target individual stocks for life-changing gains. Money Morning Quantitative Specialist Chris Johnson explains.
- [By Shane Hupp]
FDx Advisors Inc. reduced its holdings in Halliburton (NYSE:HAL) by 19.6% in the 1st quarter, HoldingsChannel.com reports. The fund owned 64,630 shares of the oilfield services company’s stock after selling 15,713 shares during the period. FDx Advisors Inc.’s holdings in Halliburton were worth $3,034,000 at the end of the most recent quarter.
- [By Max Byerly]
Halliburton (NYSE:HAL)’s share price gapped up prior to trading on Friday . The stock had previously closed at $42.90, but opened at $44.92. Halliburton shares last traded at $46.22, with a volume of 15095300 shares traded.
Monday, March 11, 2019
Top 10 Value Stocks To Watch Right Now
WPX Energy Inc (NYSE:WPX) – Investment analysts at Capital One Financial boosted their FY2018 earnings per share estimates for shares of WPX Energy in a report released on Tuesday, September 18th. Capital One Financial analyst B. Velie now expects that the oil and gas producer will post earnings per share of $0.22 for the year, up from their prior estimate of $0.21. Capital One Financial also issued estimates for WPX Energy’s FY2019 earnings at $0.66 EPS.
Get WPX Energy alerts:Other equities research analysts also recently issued research reports about the company. Bank of America boosted their price objective on WPX Energy from $27.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, August 2nd. Robert W. Baird restated a “buy” rating and set a $25.00 price objective on shares of WPX Energy in a report on Wednesday, August 1st. Goldman Sachs Group downgraded WPX Energy from a “buy” rating to a “neutral” rating and set a $21.00 price objective for the company. in a report on Friday, August 3rd. Stifel Nicolaus restated a “buy” rating and set a $26.00 price objective on shares of WPX Energy in a report on Thursday, August 30th. Finally, ValuEngine downgraded WPX Energy from a “buy” rating to a “hold” rating in a report on Wednesday, August 15th. Two analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $22.04.
Top 10 Value Stocks To Watch Right Now: California First National Bancorp(CFNB)
Advisors' Opinion:- [By Shane Hupp]
NBT Bancorp (OTCMKTS: CFNB) and California First National Bancorp (OTCMKTS:CFNB) are both small-cap finance companies, but which is the superior stock? We will contrast the two businesses based on the strength of their valuation, risk, institutional ownership, dividends, profitability, analyst recommendations and earnings.
Top 10 Value Stocks To Watch Right Now: Fortinet, Inc.(FTNT)
Advisors' Opinion:- [By Logan Wallace]
RadiSys (NASDAQ: RSYS) and Fortinet (NASDAQ:FTNT) are both computer and technology companies, but which is the superior stock? We will compare the two companies based on the strength of their profitability, risk, valuation, earnings, institutional ownership, analyst recommendations and dividends.
- [By Ethan Ryder]
Get a free copy of the Zacks research report on Fortinet (FTNT)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Logan Wallace]
Cowen cut shares of Fortinet (NASDAQ:FTNT) from an outperform rating to a market perform rating in a report published on Tuesday, Marketbeat reports. The analysts noted that the move was a valuation call.
- [By Ethan Ryder]
Fortinet (NASDAQ:FTNT) had its target price raised by equities research analysts at Piper Jaffray Companies from $64.00 to $80.00 in a note issued to investors on Thursday. The firm presently has an “overweight” rating on the software maker’s stock. Piper Jaffray Companies’ target price indicates a potential upside of 11.00% from the stock’s previous close.
- [By Shane Hupp]
Fortinet Inc (NASDAQ:FTNT) CEO Ken Xie sold 50,000 shares of the company’s stock in a transaction on Thursday, May 24th. The stock was sold at an average price of $60.51, for a total value of $3,025,500.00. Following the sale, the chief executive officer now owns 12,562,906 shares of the company’s stock, valued at $760,181,442.06. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
- [By Leo Sun]
Second, FireEye struggled to compete against bigger competitors like Cisco (NASDAQ:CSCO), Symantec (NASDAQ:SYMC), and Fortinet (NASDAQ:FTNT), which bundle similar threat prevention solutions with other services.
Top 10 Value Stocks To Watch Right Now: Kimco Realty Corporation(KIM)
Advisors' Opinion:- [By Max Byerly]
Glen Harbor Capital Management LLC lifted its stake in shares of Kimco Realty Corp (NYSE:KIM) by 90.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 411,432 shares of the real estate investment trust’s stock after purchasing an additional 195,412 shares during the quarter. Glen Harbor Capital Management LLC’s holdings in Kimco Realty were worth $6,990,000 as of its most recent filing with the Securities and Exchange Commission.
- [By Paul Ausick]
Kimco Realty Corp. (NYSE: KIM) fell about 2.6% to post a new 52-week low of $16.68 Friday after closing at $17.13 on Thursday. The 52-week high is $25.70. Volume of about 4 million was roughly equal to the daily average of around 3.9 million. The shopping center REIT had no specific news Friday.
- [By Paul Ausick]
Kimco Realty Corp. (NYSE: KIM) fell by about 3.5% Tuesday to post a new 52-week low of $13.69 after closing at 14.19 on Monday. The 52-week high is $23.03. Volume of around 4.2 million was about 25% below the daily average. The company had no specific news Tuesday.
Top 10 Value Stocks To Watch Right Now: Cardtronics, Inc.(CATM)
Advisors' Opinion:- [By Logan Wallace]
Cardtronics PLC (NASDAQ:CATM) has received an average recommendation of “Hold” from the ten analysts that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $27.80.
- [By Daniel Miller]
Shares of Cardtronics plc (NASDAQ:CATM), the world's largest non-bank ATM operator with merchants and retailers throughout multiple countries, are up 18% as of 11:02 a.m. EDT Friday after the company released second-quarter results following Thursday's market close.
- [By Joseph Griffin]
Cardtronics (NASDAQ:CATM) was upgraded by analysts at Zacks Investment Research from a hold rating to a strong-buy rating. The firm currently has $36.00 price target on the stock. According to Zacks, “Cardtronics plc provides ATM services primarily in North America and Europe. The company is at the convergence of retailers, financial institutions, prepaid card programs and the customers they share. Cardtronics, Inc., formerly known as Cardtronics plc, is headquartered in Houston, Texas. “
- [By Shane Hupp]
Engineers Gate Manager LP lessened its position in shares of Cardtronics, Inc. (NASDAQ:CATM) by 17.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,698 shares of the business services provider’s stock after selling 9,112 shares during the period. Engineers Gate Manager LP’s holdings in Cardtronics were worth $930,000 at the end of the most recent reporting period.
- [By Max Byerly]
Shares of Cardtronics PLC (NASDAQ:CATM) fell 7.1% during mid-day trading on Wednesday . The company traded as low as $23.62 and last traded at $23.71. 719,200 shares were traded during mid-day trading, an increase of 6% from the average session volume of 677,184 shares. The stock had previously closed at $25.53.
- [By Motley Fool Transcribers]
Cardtronics Inc (NASDAQ:CATM)Q4 2018 Earnings Conference CallFeb. 21, 2019, 5:00 p.m. ET
Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:Operator
Top 10 Value Stocks To Watch Right Now: Shoe Carnival, Inc.(SCVL)
Advisors' Opinion:- [By Stephan Byrd]
Shoe Carnival (NASDAQ:SCVL) – Equities researchers at Wedbush increased their Q2 2019 earnings per share (EPS) estimates for Shoe Carnival in a research note issued to investors on Friday, May 25th. Wedbush analyst C. Svezia now forecasts that the company will earn $0.55 per share for the quarter, up from their previous forecast of $0.45. Wedbush also issued estimates for Shoe Carnival’s Q3 2019 earnings at $0.64 EPS and FY2020 earnings at $2.24 EPS.
- [By Logan Wallace]
Northern Trust Corp grew its position in shares of Shoe Carnival, Inc. (NASDAQ:SCVL) by 0.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 727,285 shares of the company’s stock after buying an additional 3,319 shares during the quarter. Northern Trust Corp owned approximately 4.42% of Shoe Carnival worth $17,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
- [By Max Byerly]
Get a free copy of the Zacks research report on Shoe Carnival (SCVL)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top 10 Value Stocks To Watch Right Now: Jacobs Engineering Group Inc.(JEC)
Advisors' Opinion:- [By Max Byerly]
Jacobs Engineering Group (NYSE: JEC) and Orion Group (NYSE:ORN) are both construction companies, but which is the superior stock? We will contrast the two businesses based on the strength of their dividends, risk, institutional ownership, earnings, profitability, valuation and analyst recommendations.
- [By Stephan Byrd]
Bridgewater Associates LP reduced its stake in Jacobs Engineering Group Inc (NYSE:JEC) by 72.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,368 shares of the construction company’s stock after selling 32,972 shares during the period. Bridgewater Associates LP’s holdings in Jacobs Engineering Group were worth $785,000 as of its most recent SEC filing.
- [By ]
Jacobs Engineering (NYSE: JEC) recently closed its $3.3 billion acquisition of CH2M, which gives the firm a scale advantage in environmental cleanup and increases its capabilities across infrastructure. Jacobs is particularly strong in the aerospace and technology segment, closing multi-year awards last year for NASA and the Missile Defense Agency.
Top 10 Value Stocks To Watch Right Now: Cracker Barrel Old Country Store Inc.(CBRL)
Advisors' Opinion:- [By Stephan Byrd]
Get a free copy of the Zacks research report on Cracker Barrel Old Country Store (CBRL)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Garrett Baldwin]
Money Morning Special Situation Strategist Tim Melvin provides his latest list of stocks that will help you get rich… and stay rich. Check them out right here.
Stocks to Watch Today: V, MA, AAPL, GOOGL Visa Inc. (NYSE: V) and Mastercard Inc. (NYSE: MA) are under the microscope this morning. Both payment processing giants have signed a settlement agreement over a merchant lawsuit filed back in 2005, but originally settled in 2012 over merchant swiping fees. Visa will pay an additional $600 million to the original settlement. Mastercard will pay an additional $108 million. Although President Trump plans to hit China with new tariffs, at least one company won't face the full cost: Apple Inc. (NASDAQ: AAPL). According to reports, the Apple Watch is among a list of consumer tech gadgets that will receive exemptions from the latest round of tariffs on imports. Alphabet Inc. (NASDAQ: GOOGL) announced it will install its Android operating system into automobiles manufactured by Nissan, Mitsubishi, and Renault. The operating system – set for distribution in 2021 – will include Google Maps, Google Assistant, and Google Play. The three manufacturers combined sold 10.6 million vehicles in 2017. Look for earnings reports from AutoZone Inc. (NYSE: AZO), General Mills Inc. (NYSE: GIS), Cracker Barrel Old Country Store Inc. (NASDAQ: CBRL), and Apogee Enterprises Inc. (Nasdaq: APOG).Follow Money Morning on Facebook, Twitter, and LinkedIn.
- [By Asit Sharma]
If you've driven on a highway in the South or Midwest, you've probably seen billboards for Cracker Barrel (NASDAQ:CBRL) -- and that's part of what makes Cracker Barrel such a compelling buy.
Top 10 Value Stocks To Watch Right Now: West Pharmaceutical Services, Inc.(WST)
Advisors' Opinion:- [By Stephan Byrd]
Get a free copy of the Zacks research report on West Pharmaceutical Services (WST)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Lee Jackson]
West Pharmaceutical Services
This below the radar company could offer a big upside for shareholders this year. West Pharmaceutical Services Inc. (NYSE: WST) is a leading manufacturer of components used for injectable drug delivery systems, including rubber stoppers and syringe plungers, and also offers contract manufacturing services to the healthcare and consumer products industry. - [By Stephan Byrd]
Bank of America Corp DE trimmed its stake in West Pharmaceutical Services Inc. (NYSE:WST) by 3.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 826,209 shares of the medical instruments supplier’s stock after selling 28,935 shares during the quarter. Bank of America Corp DE owned approximately 1.12% of West Pharmaceutical Services worth $82,035,000 at the end of the most recent reporting period.
Top 10 Value Stocks To Watch Right Now: Macy's Inc(M)
Advisors' Opinion:- [By Adam Levine-Weinberg]
Last week, Macy's (NYSE:M) reported strong sales and earnings results for the second quarter of fiscal 2018 and raised its full-year forecast. Nevertheless, Macy's stock plunged 16% on the day of the earnings report, although it has recovered some of that ground over the past week.
- [By Motley Fool Staff]
Less than a year ago, many investors thought Macy's (NYSE:M) was experiencing a terminal decline. The department store giant was in the midst of an 11-quarter streak of falling comparable-store sales, and profitability was eroding steadily. Yet Macy's managed to return to sales and earnings growth in late 2017, and its momentum now seems to be building.
- [By Jim Crumly]
As for individual stocks, Constellation Brands (NYSE:STZ) announced a big investment in cannabis producer Canopy Growth (NYSE:CGC), and Macy's (NYSE:M) reported second-quarter results.
- [By ]
Check out some headliners that will be in attendance:
TheStreet's founder Jim Cramer Elliott Management's Paul Singer Trian Fund Management's Nelson Peltz Macy's (M) CEO Jeff Gennette Qualcomm (QCOM) CEO Steve Mollenkopf (yes, we got him -- and have always enjoyed talking with him) Panera Bread founder Ron Shaich (having known Ron for some time, I can tell you what he will be talking about will be news-making)If you aren't already registered for this event, you need to be...like NOW. Quickly register here.
- [By Adam Levine-Weinberg]
Last week, shares of Macy's (NYSE:M) topped the $40 mark for the first time since late 2016. This marked the culmination of a massive comeback for Macy's stock, which bottomed at less than $18 in early November. In fact, shares of the department store giant traded for less than $30 just a month ago.
Top 10 Value Stocks To Watch Right Now: Netflix, Inc.(NFLX)
Advisors' Opinion:- [By Garrett Baldwin]
We're about to reveal a little wealth secret that could unlock the trade of a lifetime. Money Morning Special Situation Strategist Tim Melvin takes you inside what could easily be a 10-bagger for investors in the weeks ahead. Read more right here.
The Top Stock Market Stories for Friday Meanwhile, the United States will continue to meet with China to discuss ways to accelerate a deal between the two nations on trade. U.S. Commerce head Wilbur Ross will be visiting the nation next month to lead the next round of talks. Last weekend, the two nations agreed in principle to avoid a trade war. Here's the thing… the U.S. government doesn't want you to know the full story of what is happening. Here's a look at the backroom details…. U.S. crude oil prices slumped below $70 per barrel Friday thanks to reports out of Russia on its plans to hike production. Russia says it may increase production as part of a plan to ease portions of its deal with OPEC to cap excessive global output. Oil traders have long suspected that Russia would be one of the first countries to turn away from the ongoing deal with Saudi Arabia and the rest of the global oil cartel as soon as prices and inventory levels stabilized. This could be a blow to predictions among OPEC nations, as well as some traders who were hoping that oil could push back toward $100 per barrel. Three Stocks to Watch Today: FL, NFLX, AMZN Foot Locker Inc. (NYSE: FL) leads a light day of earnings reports. Shares of the shoe retailer popped 13% after the firm reported earnings per share (EPS) of $1.45. Wall Street had anticipated EPS of just $1.24. The retailer benefited from stronger same-store sales and higher revenue, which also beat Wall Street expectations. On Thursday, Netflix Inc. (Nasdaq: NFLX) surpassed The Walt Disney Co. (NYSE: DIS) in market capitalization to become the most valuable media property on the planet. It's worth noting, however, that Netflix's market capitalization of $163 billion - [By Paul Ausick]
In a deal that has been rumored for a couple of months now, Netflix Inc. (NASDAQ: NFLX) has announced a multiyear production deal with former President and First Lady Barack and Michelle Obama. Financial terms of the deal were not announced, but since the Obamas don’t have Ryan Murphy’s track record (yet), we are pretty sure the deal is way south of the said to be worth as much as $300 million, 5-year deal.
- [By Anders Bylund]
Movie industry veterans may remember Blockbuster running a similar too-good-to-be-true deal a decade ago. The Blockbuster Total Access subscription service was more than the video rental chain could handle, and the attempt to compete head to head with Netflix (NASDAQ:NFLX) drove Blockbuster out of business in the end.
- [By Rich Duprey]
This relatively short time frame means that picking stocks that you won't regret becomes more important. For this reason, investors in their 40s should consider Apple (NASDAQ:AAPL), Netflix (NASDAQ:NFLX), and Alibaba (NYSE:BABA). Two are plays on big growth trends -- technology and entertainment -- while the third is a bet on one of the world's biggest economies with massive consumer growth potential.
Sunday, March 10, 2019
Cerecor Inc (CERC) Director Acquires $21,840.00 in Stock
Cerecor Inc (NASDAQ:CERC) Director Armistice Capital, Llc acquired 4,000 shares of Cerecor stock in a transaction on Friday, March 8th. The shares were bought at an average price of $5.46 per share, with a total value of $21,840.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Armistice Capital, Llc also recently made the following trade(s):
Get Cerecor alerts: On Wednesday, March 6th, Armistice Capital, Llc acquired 125,486 shares of Cerecor stock. The shares were bought at an average price of $5.50 per share, with a total value of $690,173.00. On Friday, January 11th, Armistice Capital, Llc acquired 12,651 shares of Cerecor stock. The shares were bought at an average price of $3.90 per share, with a total value of $49,338.90. On Wednesday, January 9th, Armistice Capital, Llc acquired 545 shares of Cerecor stock. The shares were bought at an average price of $3.79 per share, with a total value of $2,065.55. On Monday, January 7th, Armistice Capital, Llc acquired 6,504 shares of Cerecor stock. The shares were bought at an average price of $3.65 per share, with a total value of $23,739.60. On Friday, January 4th, Armistice Capital, Llc acquired 20,000 shares of Cerecor stock. The shares were bought at an average price of $3.42 per share, with a total value of $68,400.00. On Monday, December 31st, Armistice Capital, Llc acquired 12,300 shares of Cerecor stock. The shares were bought at an average price of $3.18 per share, with a total value of $39,114.00. On Friday, December 28th, Armistice Capital, Llc acquired 26,499 shares of Cerecor stock. The shares were bought at an average price of $3.12 per share, with a total value of $82,676.88. On Monday, December 31st, Armistice Capital, Llc acquired 12,300 shares of Cerecor stock. The shares were bought at an average price of $3.18 per share, with a total value of $39,114.00. On Friday, December 28th, Armistice Capital, Llc acquired 26,499 shares of Cerecor stock. The shares were bought at an average price of $3.12 per share, with a total value of $82,676.88. On Monday, December 17th, Armistice Capital, Llc acquired 14,938 shares of Cerecor stock. The shares were bought at an average price of $3.26 per share, with a total value of $48,697.88.Shares of Cerecor stock traded down $0.01 during trading hours on Friday, reaching $5.51. 122,200 shares of the company’s stock were exchanged, compared to its average volume of 123,476. Cerecor Inc has a 1 year low of $2.71 and a 1 year high of $7.65. The firm has a market capitalization of $216.67 million, a price-to-earnings ratio of 13.12 and a beta of 2.16. The company has a quick ratio of 0.70, a current ratio of 0.74 and a debt-to-equity ratio of 0.74.
Several institutional investors have recently added to or reduced their stakes in CERC. Northern Trust Corp grew its holdings in shares of Cerecor by 47.9% during the fourth quarter. Northern Trust Corp now owns 20,079 shares of the company’s stock worth $65,000 after buying an additional 6,500 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Cerecor by 18.5% during the fourth quarter. BlackRock Inc. now owns 33,960 shares of the company’s stock worth $109,000 after buying an additional 5,293 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Cerecor during the third quarter worth $169,000. Geode Capital Management LLC grew its holdings in shares of Cerecor by 50.7% during the fourth quarter. Geode Capital Management LLC now owns 94,990 shares of the company’s stock worth $306,000 after buying an additional 31,951 shares in the last quarter. Finally, Vanguard Group Inc grew its holdings in shares of Cerecor by 10.1% during the third quarter. Vanguard Group Inc now owns 87,929 shares of the company’s stock worth $411,000 after buying an additional 8,094 shares in the last quarter. 44.33% of the stock is owned by institutional investors and hedge funds.
A number of research firms have recently issued reports on CERC. LADENBURG THALM/SH SH reaffirmed a “buy” rating and set a $9.00 target price on shares of Cerecor in a report on Thursday, January 17th. ValuEngine lowered shares of Cerecor from a “strong-buy” rating to a “buy” rating in a report on Thursday. TheStreet raised shares of Cerecor from a “d” rating to a “c” rating in a report on Monday, November 12th. Finally, BidaskClub raised shares of Cerecor from a “buy” rating to a “strong-buy” rating in a report on Friday, March 1st.
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Cerecor Company Profile
Cerecor Inc, a pharmaceutical company, focuses on pediatric health care. Its lead product portfolio includes prescribed dietary supplements, such as Poly-Vi-Flor and Tri-Vi-Flor; and prescription drugs, such as Millipre, Veripred, and Ulesfia for the treatment of inflammation of the skin, joints, lungs, and other organs, as well as asthma, allergies, arthritis, and head lice infestation.
Further Reading: How to track put option volume
Saturday, March 9, 2019
FlorinCoin (FLO) Market Cap Reaches $7.63 Million
FlorinCoin (CURRENCY:FLO) traded down 1.3% against the U.S. dollar during the 24 hour period ending at 19:00 PM E.T. on March 7th. FlorinCoin has a market capitalization of $7.63 million and approximately $541,837.00 worth of FlorinCoin was traded on exchanges in the last day. In the last seven days, FlorinCoin has traded 67.9% higher against the U.S. dollar. One FlorinCoin coin can currently be purchased for about $0.0524 or 0.00000839 BTC on cryptocurrency exchanges including Trade By Trade and Bittrex.
Here’s how related cryptocurrencies have performed in the last day:
Get FlorinCoin alerts: Litecoin (LTC) traded 2.5% higher against the dollar and now trades at $57.23 or 0.01463408 BTC. Dogecoin (DOGE) traded up 0.4% against the dollar and now trades at $0.0020 or 0.00000051 BTC. Verge (XVG) traded up 0.7% against the dollar and now trades at $0.0063 or 0.00000161 BTC. Bytom (BTM) traded 2.1% higher against the dollar and now trades at $0.0891 or 0.00002278 BTC. Linkey (LKY) traded up 0.6% against the dollar and now trades at $0.83 or 0.00021128 BTC. Polymath (POLY) traded 3.2% higher against the dollar and now trades at $0.0927 or 0.00002373 BTC. Syscoin (SYS) traded 1.1% lower against the dollar and now trades at $0.0547 or 0.00001399 BTC. Einsteinium (EMC2) traded 37.8% higher against the dollar and now trades at $0.0820 or 0.00002100 BTC. Matrix AI Network (MAN) traded down 2.6% against the dollar and now trades at $0.0894 or 0.00002288 BTC. BridgeCoin (BCO) traded 9.9% higher against the dollar and now trades at $0.34 or 0.00008688 BTC.About FlorinCoin
FlorinCoin (CRYPTO:FLO) is a proof-of-work (PoW) coin that uses the Scrypt hashing algorithm. Its genesis date was July 17th, 2013. FlorinCoin’s total supply is 145,710,081 coins. The Reddit community for FlorinCoin is /r/floblockchain and the currency’s Github account can be viewed here. FlorinCoin’s official Twitter account is @FLOblockchain and its Facebook page is accessible here. The official website for FlorinCoin is flo.cash.
Buying and Selling FlorinCoin
FlorinCoin can be purchased on these cryptocurrency exchanges: Bittrex and Trade By Trade. It is usually not presently possible to purchase alternative cryptocurrencies such as FlorinCoin directly using U.S. dollars. Investors seeking to acquire FlorinCoin should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase FlorinCoin using one of the exchanges listed above.
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Friday, March 8, 2019
Top Value Stocks To Watch For 2019
The U.S. utility-scale solar market is currently a big, but finite market for solar panel manufacturers. Given the rising cost of solar panels because of import tariffs there probably won't be much expansion over the next three or four years.
It's this finite market that First Solar (NASDAQ:FSLR) is trying to expand into to capture as much value as possible while competitors are hampered by solar panel import tariffs. But with the announcement of a new 1,200 megawatts (MW) solar panel manufacturing facility in Lake Township, Ohio last week, First Solar may be expanding to the point where it will see diminishing returns on its own growth.
Image source: First Solar.
How First Solar hits diminishing returnsSolar tariffs of 30% on solar panel imports have given First Solar a big advantage in the U.S. solar market. Its thin-film panel construction wasn't included in the scope of tariffs, so all of the company's products can be sold in the U.S. tariff-free. The advantage should lead to strong pricing and margins in the utility-scale solar market where First Solar sells its product.
Top Value Stocks To Watch For 2019: Ollie's Bargain Outlet Holdings, Inc.(OLLI)
Advisors' Opinion:- [By Max Byerly]
Bank of America downgraded shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) from a neutral rating to an underperform rating in a report published on Friday morning, MarketBeat Ratings reports. They currently have $68.00 price objective on the stock, down from their previous price objective of $75.50.
- [By Rich Duprey]
Discount and specialty retailers have been among some of the best performers in the market over the past few years, but none has performed better than Ollie's Bargain Outlet Holdings (NASDAQ:OLLI), a retailer that flies under the radar of many investors.
- [By Joseph Griffin]
Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) VP Kenneth Robert Bertram sold 6,750 shares of the business’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $78.99, for a total transaction of $533,182.50. Following the transaction, the vice president now owns 17,217 shares in the company, valued at approximately $1,359,970.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
- [By ]
"There only a handful of companies that can beat Amazon at its own retail game," Cramer said. The only ones he sees are Dollar Tree Inc. (DLTR) , Dollar General Corp. (DG) , TJX Cos. (TJX) , Ross Stores Inc. (ROST) , Costco Wholesale Corp. (COST) Home Depot Inc. (HD) and Ollie's Bargain Outlet Holdings Inc. (OLLI) .
- [By Stephan Byrd]
Ollie’s Bargain Outlet (NASDAQ:OLLI) had its price target hoisted by stock analysts at Credit Suisse Group from $68.00 to $78.00 in a research report issued on Wednesday, The Fly reports. The firm currently has an “outperform” rating on the stock. Credit Suisse Group’s price objective would indicate a potential upside of 3.59% from the stock’s previous close.
Top Value Stocks To Watch For 2019: Allscripts Healthcare Solutions, Inc.(MDRX)
Advisors' Opinion:- [By Max Byerly]
Allscripts Healthcare Solutions (NASDAQ:MDRX) and Convergys (NYSE:CVG) are both medical companies, but which is the better investment? We will contrast the two companies based on the strength of their institutional ownership, valuation, earnings, analyst recommendations, profitability, risk and dividends.
- [By Joseph Griffin]
Shares of Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) have received an average recommendation of “Buy” from the eighteen ratings firms that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $16.51.
- [By Logan Wallace]
Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) saw unusually large options trading activity on Tuesday. Stock investors purchased 1,317 put options on the company. This represents an increase of 2,211% compared to the typical daily volume of 57 put options.
- [By Brian Feroldi]
Shares of Allscripts Healthcare Solutions (NASDAQ:MDRX), an information technology company focused on the healthcare industry, are up 11% as of 11:30 a.m. EDT. The double-digit gain is attributable to its release of mostly positive second-quarter results.
Top Value Stocks To Watch For 2019: Capitol Federal Financial(CFFN)
Advisors' Opinion:- [By Joseph Griffin]
BankUnited (NYSE: BKU) and Capitol Federal Financial (NASDAQ:CFFN) are both finance companies, but which is the better stock? We will compare the two businesses based on the strength of their risk, earnings, valuation, profitability, dividends, institutional ownership and analyst recommendations.
- [By Joseph Griffin]
People’s United Financial (NASDAQ: PBCT) and Capitol Federal Financial (NASDAQ:CFFN) are both finance companies, but which is the superior stock? We will compare the two companies based on the strength of their earnings, analyst recommendations, institutional ownership, risk, valuation, profitability and dividends.
- [By Stephan Byrd]
Capitol Federal Financial (NASDAQ: CFFN) and Northrim BanCorp (NASDAQ:NRIM) are both small-cap finance companies, but which is the superior business? We will contrast the two businesses based on the strength of their analyst recommendations, institutional ownership, risk, earnings, profitability, valuation and dividends.
- [By Stephan Byrd]
News headlines about Capitol Federal Financial (NASDAQ:CFFN) have trended positive on Thursday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Capitol Federal Financial earned a media sentiment score of 0.31 on Accern’s scale. Accern also assigned news coverage about the savings and loans company an impact score of 47.2593540313148 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
- [By Max Byerly]
Dean Capital Investments Management LLC bought a new stake in Capitol Federal Financial, Inc. (NASDAQ:CFFN) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 42,438 shares of the savings and loans company’s stock, valued at approximately $558,000.
Top Value Stocks To Watch For 2019: Retail Properties of America, Inc.(RPAI)
Advisors' Opinion:- [By Ethan Ryder]
Retail Properties of America Inc (NYSE:RPAI) – Equities research analysts at KeyCorp upped their FY2018 earnings per share estimates for Retail Properties of America in a research note issued on Wednesday, August 15th. KeyCorp analyst T. Thomas now forecasts that the real estate investment trust will post earnings per share of $1.02 for the year, up from their previous forecast of $1.01.
- [By Shane Hupp]
Get a free copy of the Zacks research report on Retail Properties of America (RPAI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Ethan Ryder]
Get a free copy of the Zacks research report on Retail Properties of America (RPAI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Shane Hupp]
Press coverage about Retail Properties of America (NYSE:RPAI) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Retail Properties of America earned a news impact score of 0.19 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 48.1880076437209 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
- [By Logan Wallace]
Get a free copy of the Zacks research report on Retail Properties of America (RPAI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Max Byerly]
Dynamic Technology Lab Private Ltd lowered its holdings in Retail Properties of America Inc (NYSE:RPAI) by 46.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,722 shares of the real estate investment trust’s stock after selling 17,915 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Retail Properties of America were worth $265,000 at the end of the most recent quarter.
Top Value Stocks To Watch For 2019: Ryder System Inc.(R)
Advisors' Opinion:- [By Max Byerly]
Earnest Partners LLC increased its position in shares of Ryder System, Inc. (NYSE:R) by 3.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 265,257 shares of the transportation company’s stock after purchasing an additional 7,653 shares during the period. Earnest Partners LLC’s holdings in Ryder System were worth $19,308,000 at the end of the most recent quarter.
- [By Shane Hupp]
Mackay Shields LLC bought a new stake in shares of Ryder (NYSE:R) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 97,749 shares of the transportation company’s stock, valued at approximately $7,115,000. Mackay Shields LLC owned about 0.18% of Ryder at the end of the most recent reporting period.
- [By Stephan Byrd]
Intrust Bank NA increased its position in Ryder System, Inc. (NYSE:R) by 16.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,352 shares of the transportation company’s stock after acquiring an additional 1,015 shares during the period. Intrust Bank NA’s holdings in Ryder System were worth $529,000 at the end of the most recent reporting period.
Top Value Stocks To Watch For 2019: MetLife, Inc.(MET)
Advisors' Opinion:- [By Ethan Ryder]
Putnam Investments LLC increased its position in shares of Metlife Inc (NYSE:MET) by 1,847.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 523,396 shares of the financial services provider’s stock after purchasing an additional 496,523 shares during the quarter. Putnam Investments LLC owned 0.05% of Metlife worth $22,820,000 as of its most recent filing with the SEC.
- [By Logan Wallace]
Freestone Capital Holdings LLC grew its stake in shares of Metlife Inc (NYSE:MET) by 6.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 25,824 shares of the financial services provider’s stock after acquiring an additional 1,648 shares during the period. Freestone Capital Holdings LLC’s holdings in Metlife were worth $1,185,000 at the end of the most recent reporting period.
- [By Logan Wallace]
State Treasurer State of Michigan lessened its stake in shares of MetLife (NYSE:MET) by 1.1% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 305,185 shares of the financial services provider’s stock after selling 3,300 shares during the period. State Treasurer State of Michigan’s holdings in MetLife were worth $14,005,000 as of its most recent SEC filing.
- [By Max Byerly]
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- [By Stephan Byrd]
COPYRIGHT VIOLATION WARNING: “Bbva Compass Bancshares Inc. Sells 13,114 Shares of Metlife Inc (MET)” was first published by Ticker Report and is owned by of Ticker Report. If you are reading this piece on another domain, it was illegally copied and republished in violation of international trademark and copyright legislation. The legal version of this piece can be viewed at https://www.tickerreport.com/banking-finance/4170881/bbva-compass-bancshares-inc-sells-13114-shares-of-metlife-inc-met.html.
- [By Max Byerly]
Shares of Metlife Inc (NYSE:MET) were down 5.2% during mid-day trading on Thursday . The stock traded as low as $43.58 and last traded at $43.76. Approximately 9,526,891 shares changed hands during trading, an increase of 60% from the average daily volume of 5,957,562 shares. The stock had previously closed at $46.16.