With the company still mired in legal troubles, long-suffering BP (BP) investors may finally have something to smile about.
Hot Industrial Conglomerate Stocks To Buy Right Now: Barrick Gold Corporation (ABX)
Barrick Gold Corporation engages in the production and sale of gold, as well as related activities, such as exploration and mine development. The company has a portfolio of 25 operating mines and a pipeline of projects located in North America, South America, the Australia Pacific region, and Africa. It also produces copper and holds interests in oil and gas properties located in Canada. The company was founded in 1983 and is based in Toronto, Canada.
Advisors' Opinion:- [By Ben Levisohn]
Gold miners are getting a boost today from solid earnings from the likes of Barrick Gold (ABX), Goldcorp (GG) and Agnico Eagle Mines (AEM). The exception: Kinross Gold (KGC), which missed earnings forecasts and cut its reserves.
ReutersHow well are gold miners performing? The Market Vectors Gold Miners ETF (GDX) has gained 4.2% today, while Barrick has jumped 5.5%, Goldcorp has climbed 3.2% and Agnico Eagle has risen 1.4%. Kinross Gold has ticked up 0.1% to $5.16.
Barrick Gold reported a profit of 37 cents, lower than forecasts for 41 cents, but beat revenue and said it was still looking to cut costs. “Similar to other gold producers, [Barrick Gold] is writing down assets and reserves, and cutting capex,” says Citigroup’s Brian Yu. “The greater capex reduction should enable ABX to reach free cash breakeven at $1,200/oz.”
Agnico Eagle, meanwhile, has gained despite slashing its dividend, after reporting a profit of 25 cents a share, above forecasts for 19 cents. Cowen’s Adam Graf and Misha Levental explain:
The company finished 2013 with production ahead of guidance and costs below guidance. The company’s three-year plan envisions continued increases in production, at reduction in costs. With growth projects well underway at several operations, [Agnico Eagle] is able to reduce its capital spend while maintaining growth.
Goldcorp’s earnings missed their mark–it reported a profit of 9 cents a share, below forecasts for 23 cents –but predicted production would rise despite lower costs. Graf and Levental explain:
[Goldcorp] finished the year with an 11% increase in gold production, but fell short with respect to earnings versus consensus and our numbers. The company sees continued growth at operations in 2014, guiding for a 10-15% increase in production, as well as similar levels of capex as was seen in 2013.
Kinross, however, said it lost 2 cents a share
Best Canadian Companies To Invest In 2014: S&P 500/Barra Value(SU)
Suncor Energy Inc., together with its subsidiaries, operates as an integrated energy company. The company involves in the development of petroleum resource basins in Canada's Athabasca oil sands; acquisition, exploration, development, production, and marketing of crude oil and natural gas in Canada and internationally; transportation and refining of crude oil; and marketing of petroleum and petrochemical products primarily in Canada. Its Oil Sands segment produces bitumen recovered from oil sands through mining and in-situ technology, and upgrades it into refinery feedstock, diesel fuel, and by-products. This segment?s products include gasoline and distillates. The company?s Natural Gas segment acquires, explores, develops, and produces natural gas, natural gas liquids, oil, and by-products from reserves located primarily in western Canada, the Northwest Territories, Alaska, and the Arctic Islands. Its International and Offshore segment engages in the exploration and pro duction of oil and gas in offshore Newfoundland and Labrador, in the North Sea, and in Libya and Syria. The company?s Refining and Marketing segment refines crude oil at Suncor's refineries in Edmonton, Alberta; Montreal, Quebec; and Sarnia, Ontario in Canada, as well as in Commerce City, Colorado into a range of petroleum and petrochemical products for sale to retail, commercial, and industrial customers. It also transports crude oil through pipelines in eastern and western Canada, as well as through wholly-owned pipelines in Wyoming and Colorado; and produces specialty lubricants and waxes. In addition, this segment operates retail sites in Canada under the Petro-Canada brand; and in Colorado under Phillips 66 and Shell brands. Suncor Energy Inc. also engages in third-party energy trading activities. The company was formerly known as Suncor Inc. and changed its name to Suncor Energy Inc. in April 1997. Suncor Energy Inc. was founded in 1953 and is headquartered in Calgary , Canada.
Advisors' Opinion:- [By Jonathan Yates]
As to be expected, the share price has drifted down from the peak after the bullish activity. But long term investors should take note of the resources owned by Octagon 88. Canadian energy assets have drawn "Big Oil" from around the world such as CNOOC (NYSE: CEO) and Chevron (NYSE: CVX). In addition, Suncor Energy (NYSE: SU), a major oil firm based in Canada, has Warren Buffett gobbling up its shares.
Best Canadian Companies To Invest In 2014: Royal Caribbean Cruises Ltd.(RCL)
Royal Caribbean Cruises Ltd. operates in the cruise vacation industry worldwide. It owns five cruise brands, which comprise Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises, and CDF Croisi�es de France. The Royal Caribbean International brand provides various itineraries and cruise lengths with options for onboard dining, entertainment, and other onboard activities primarily for the contemporary segment. It offers surf simulators, water parks, ice skating rinks, rock climbing walls, and shore excursions at each port of call, as well as boulevards with shopping, dining, and entertainment venues. The Celebrity Cruises brand operates onboard upscale ships that offer luxurious accommodations, fine dining, personalized services, spa facilities, venue featuring live grass, and glass blowing studio for the premium segment, as well as resells computers and other media devices. The Pullmantur brand provides an array of onboard activities and serv ices to guests, including exercise facilities, swimming pools, beauty salons, gaming facilities, shopping, dining, complimentary beverages, and entertainment venues serving the contemporary segment of the Spanish, Portuguese, and Latin American cruise markets. The Azamara Club Cruises brand offers various onboard services, amenities, gaming facilities, fine dining, spa and wellness, butler service for suites, and interactive entertainment venues for the up-market segment of the North American, United Kingdom, German, and Australian markets. The CDF Croisieres de France brand offers seasonal itineraries to the Mediterranean; and various onboard services, amenities, entertainment venues, exercise and spa facilities, fine dining, and gaming facilities for the contemporary segment of the French cruise market. As of December 31, 2011, the company operated 39 ships with a total capacity of approximately 92,650 berths. Royal Caribbean Cruises Ltd. was founded in 1968 and is headqua rtered in Miami, Florida.
Advisors' Opinion:- [By Shauna O'Brien]
On Friday, Royal Caribbean Cruises Ltd. (RCL) released its fourth quarter financial results, which came in above analysts’ estimates. The company also announced that it has boosted its outlook for 2014.
RCL’s Earnings in Brief
RCL reported earnings of��$7.02 million, or 3 cents per share, compared to a loss of $392.80 million, or $1.80 per share, last year. Adjusted earnings were 23 cents per share, which came in above analysts’ estimate of 18 cents per share. Revenue for the quarter was $1.85 billion, in-line with analysts estimates. The company raised its outlook for 2014 to a range of $3.20-$3.40 per share, from its prior outlook of $3.06-$3.19 per share.CEO Commentary
Richard D. Fain, chairman and CEO of RCL noted:”Six months ago we said we thought we had reached an inflection point and these figures clearly bear that out.�It has been a challenging year, but the fact that we have achieved our guidance from a year ago nicely demonstrates the strength of our�business.�Despite the lingering impact of 2013′s negative media coverage on 2014, the year ��and what it portends for future returns ��is looking highly promising.”
RCL’s Dividend
RCL paid its last quarterly dividend of 25 cents on January 2. The company is expected to announce its next dividend in February. In September, RCL raised its dividend from 12 cents to 25 cents per share.
Stock Performance
Royal Caribbean shares were up $1.97, or 4.18%, during pre-market trading Monday.
Best Canadian Companies To Invest In 2014: Higher One Holdings Inc.(ONE)
Higher One Holdings, Inc. provides technology and payment services in the United States. It offers a suite of disbursement and payment solutions for higher education institutions and their students. The company provides OneDisburse Refund Management product that offers higher education institutional clients with a technology service for streamlining the student refund disbursement process. It also offers CASHNet Payment suite that includes software-as-a-service products and services, such as ePayment to securely accept online payments for tuition, charges, and fees from students through credit card, pinless debit, and ACH; eBill to automate payer billing and processing functions; MyPaymentPlan to personalize students? payment plans; eMarket that allows academic, athletic, and other departments to take alumni donations, sell event tickets and other merchandise, and accept payments of event and conference registration fees; and Cashiering to operate and manage cashiering fu nctions, back office payments, and campus-wide departmental deposits. In addition, the company provides OneDisburse ID, which offers an option to combine the company?s debit card with the institution?s ID cards; OneDisburse Payroll to distribute payroll and other employee-related payments; OneDisburse PLUS product to distribute Parent PLUS loan refunds to parents on behalf of the school; and Financial Intelligence to students with an online class. Further, it provides student-oriented banking services to campus communities. Additionally, the company offers OneAccount product for students, as well as faculty, staff, and alumni, with an FDIC-insured online checking account and a debit MasterCard ATM card. Higher One Holdings, Inc. was founded in 2000 and is headquartered in New Haven, Connecticut.
Advisors' Opinion:- [By Seth Jayson]
Calling all cash flows
When you are trying to buy the market's best stocks, it's worth checking up on your companies' free cash flow once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That's what we do with this series. Today, we're checking in on Higher One Holdings (NYSE: ONE ) , whose recent revenue and earnings are plotted below. - [By Steve Symington]
What:�Shares of Higher One Holdings, Inc (NYSE: ONE ) rose as much as 10% early Thursday, then settled to close up around 6% after the company reported better-than-expected first-quarter results.
Best Canadian Companies To Invest In 2014: Crown Castle International Corporation (CCI)
Crown Castle International Corp., through its subsidiaries, owns, operates, and leases towers and other wireless infrastructure primarily in the United States and Australia. Its infrastructure includes distributed antenna system (DAS) networks, as well as rooftop installations. The company involves in the rental of antenna space of its towers to wireless communications companies. It also provides network services relating to its towers, which primarily include antenna installations and subsequent augmentations, as well as additional services, such as site acquisition, architectural and engineering, zoning and permitting, other construction, and other services related network development. As of December 31, 2010, it owned, leased, or managed approximately 23,900 towers, including 43 completed DAS networks. The company was founded in 1994 and is headquartered in Houston, Texas.
Advisors' Opinion:- [By Dimitra DeFotis]
Among stocks, cellular tower operator�American Tower (AMT), a real estate investment trust, is up nearly 5% after saying it will buy the parent of tower operator Global Tower Partners for $4.8 billion, according to Flyonthewall.com. �Crown Castle International (CCI) is up 3%. Press release here.
- [By Anders Bylund]
Moreover, American Tower faces two massive rivals in Crown Castle International (NYSE: CCI ) and SBA Communications (NASDAQ: SBAC ) , which operate 40,000 and 20,000 American radio towers, respectively. American Tower falls right between them, with more than 21,000 company-owned towers on American soil, and another 7,200 leased tower sites. This is a tight three-horse race, with several smaller competitors trailing far behind.
Best Canadian Companies To Invest In 2014: Abbott Laboratories(ABT)
Abbott Laboratories engages in the discovery, development, manufacture, and sale of health care products worldwide. The company offers adult and pediatric pharmaceuticals for rheumatoid and psoriatic arthritis, ankylosing spondylitis, psoriasis, and Crohn's disease; dyslipidemia; HIV infection; prostate cancer, endometriosis and central precocious puberty, and anemia caused by uterine fibroids; respiratory syncytial virus; adult males who have low or no testosterone; secondary hyperparathyroidism; hypothyroidism; and pancreatic exocrine insufficiency, as well as anesthesia products. It also provides diagnostic products, such as immunoassay systems; chemistry systems; assays used for screening and/or diagnosis for drugs of abuse, cancer, therapeutic drug monitoring, fertility, physiological, and infectious diseases; instruments that automate the extraction, purification, and preparation of DNA and RNA from patient samples, and detect and measure infections agents; genomic-b ased tests; hematology systems and reagents; and point-of-care diagnostic systems and tests for blood analysis. In addition, the company offers a line of pediatric and adult nutritional products. Further, it provides coronary, endovascular, vessel closure, and structural heart devices, such as drug-eluting stent systems, coronary metallic stents, balloon dilatation products, coronary guidewires, vessel closure devices, carotid stent systems, percutaneous valve repair systems, and drug eluting bioresorbable vascular products. Additionally, the company provides blood glucose monitoring meters, test strips, data management software, and accessories for people with diabetes; and medical devices for the eye, including cataract surgery, lasik surgery, contact lens, and dry eye products, as well as branded generic pharmaceutical products. Abbott primarily serves retailers, wholesalers, hospitals, and health care facilities. Abbott was founded in 1888 and is headquartered in Abbott Park, Illinois.
Advisors' Opinion:- [By Seth Robey]
Another option emerges
In last week's edition, I teased that one addition to the stalwart section of our virtual portfolio was a glaring omission from the big biotech segment. That company, Amgen (NASDAQ: AMGN ) , isn't traditionally considered a stalwart, but with a valuation more reminiscent of big pharma than big biotech, a 1.6% dividend yield, and acquisition clout, Amgen could provide stability to any portfolio. But then Abbott Labs (NYSE: ABT ) reported its quarterly earnings and its post-restructuring narrative presented a more clear companion to Johnson & Johnson. - [By Mike Deane]
After an M&A packed morning, Abbott Labs (ABT) announced on Monday afternoon that it is acquiring Russian Pharmaceutical company Veropharm.
The definitive agreement will see Abbott Labs acquire Limited Liability Company Garden Hills, which has a controlling interest in Veropharm. The price of the sale will be between $395 million and $495 million, depending on how much of Veropharm Garden Hills owns at the time. Garden Hills currently owns 80% of Veropharm, but is expected to own 95% by the time the deal closes. The deal is expected to close in the fourth quarter. In May, Abbott Labs announced that it was acquiring CFR Pharma for $3.3 billion.
Abbott stocks ended the day down 12 cents, or 0.29%, but were climbing slightly higher in after hours trading. YTD, the company’s stock is up 6.85%.
ABT�Dividend SnapshotAs of�Market Close on June 23, 2014
Click here to see the complete history of ABT dividends.
- [By Rick Munarriz]
2. Abbott Labs (NYSE: ABT )
Babies have to eat, and mother's milk isn't always an option. There are plenty of big companies in the baby formula market. Mead Johnson Nutrition is a major player with Enfamil, but Abbott is no slouch with Similac. Abbott is also the company behind the electrolyte-restoring Pedialyte and the flavored drinks and shakes of PediaSure. - [By Dan Caplinger]
AbbVie has historically relied on a single drug, Humira, for much of its revenue, and the company's spinoff from Abbott Labs (NYSE: ABT ) only magnified the importance of Humira to its results. Yet AbbVie knows it has to move beyond its blockbuster drug to find potential replacements down the road. Let's take an early look at what's been happening with AbbVie over the past quarter and what we're likely to see in its quarterly report.
Best Canadian Companies To Invest In 2014: American Axle & Manufacturing Holdings Inc. (AXL)
American Axle & Manufacturing Holdings, Inc., together with its subsidiaries, engages in the manufacture, engineering, design, and validation of driveline and drivetrain systems, and related components and chassis modules for automotive industry in the United States. The company?s driveline and drivetrain systems comprise components that transfer power from the transmission and deliver it to the drive wheels. These products include axles, chassis modules, driveshafts, power transfer units, transfer cases, chassis and steering components, driving heads, crankshafts, transmission parts, and metal-formed products. It offers products for light trucks, sport utility vehicles, passenger cars, crossover vehicles, and commercial vehicles. The company was founded in 1994 and is headquartered in Detroit, Michigan.
Advisors' Opinion:- [By Seth Jayson]
American Axle & Manufacturing Holdings (NYSE: AXL ) is expected to report Q1 earnings on May 3. Here's what Wall Street wants to see:
- [By Sue Chang]
American Axle & Manufacturing Holdings Inc. (AXL) �is projected to report earnings of 56 cents a share in the third quarter.
- [By Ben Levisohn]
Cooper Tire & Rubber (CTB) has gained 1% to $24.86 today, but its trading more on whether investors expect its acquisition by Apollo Tyres to be completed. Car-part companies, however, are also exhibiting weakness today. TRW Automotive (TRW) has fallen 0.8% to $77.91, Lear (LEA) has dipped 0.4% to $74.78 and American Axel and Manufacturing (AXL) is off 0.5% to $18.99.
- [By Travis Hoium]
What: Shares of American Axle & Manufacturing (NYSE: AXL ) jumped as much as 13% after the company reported earnings.
So what: First quarter revenue rose slightly, to $755.6 million, and net income was $7.3 million, or $0.23 per share after adjusting for debt refinancing costs. Consensus estimate was for $750 million in revenue, and earnings of $0.16 per share.�
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