Following up on a strong earnings report from Wednesday, hi-tech glassmaker Corning (NYSE: GLW ) offered further details this morning on its plans for the future.
Specifically, Corning announced plans to capitalize upon a coming wave in new environmental regulation of heavy-duty engines in Europe and China, by investing similarly heavily in its production of diesel emissions control products.
Corning says it will spend about $250 million on capital improvements in its Environmental Technologies�&�Life Sciences�Business Group, hoping to double its revenues from the group by 2017. Corning will spend to increase capacity at its Erwin diesel facility, which manufactures large ceramic substrates and filters for heavy-duty diesel engine, truck, construction, and agricultural equipment manufacturers.
However, all this new spending will not affect Corning's forecast for 2013 capital expenditures, the company assured investors. Yesterday, Corning pegged 2013 capex spending at approximately $1.3 billion, down from last year's $1.8 billion. With investments in clean diesel being spread out over the next three years, Corning has already figured this investment into capital spending projections for 2013 and 2014. The company gave no such assurances for 2015, however, when the expanded diesel facilities should go into operation.
Top 5 Construction Companies To Watch For 2015: Penford Corporation(PENX)
Penford Corporation engages in the development, manufacture, and marketing of specialty natural-based ingredient systems for food and industrial ingredient applications primarily in the United States. It develops and manufactures ingredients with starch as a base. The starch products are manufactured primarily from corn and potatoes, and are used as binders and coatings in paper and food production, as well as an ingredient in fuel. The company?s Industrial Ingredients segment provides specialty starches to the paper and packaging industries in ethylated, oxidized, and cationic forms. Its ethylated and oxidized starches are used in coatings and as binders, providing printability to fine white, magazine, and catalog paper; and cationic and other liquid starches are used in the paper forming process in paper production, providing the bonding of paper fibers and other ingredients. This segment also produces and sells fuel grade ethanol. The company?s Food Ingredients segmen t offers specialty starches and dextrins to the food manufacturing and food service industries. Its specialty starches are used in coatings for various products, such as French fries sold in restaurants, as well as used as moisture binders in a range of foods, including canned products, sauces, whole and processed meats, dry powdered mixes, and other food and bakery products. Penford Corporation sells its products through a direct sales force, as well as through distributor agreements to manufacturers and processors. The company was founded in 1894 and is headquartered in Centennial, Colorado.
Advisors' Opinion:- [By WWW.DAILYFINANCE.COM]
Murray Close, Warner Bros./AP From a major banking institution kicking off the new earnings season to the most-anticipated theme park debut of the year staging its grand opening, here are some things that will help shape the week that lies ahead on Wall Street. Monday -- Food for Thought The market's going to get off to a slow start on the news front. That's not a surprise given that it was closed Friday for Independence Day. One company that will be in the news on Monday is food and industrial products maker Penford (PENX). Penford's wide range of products include food ingredients, pet and animal products, sustainable bioproducts, starches for paper and packaging products and biofuels. Analysts see Penford earning 21 cents a share, but keep in mind that it has come up short against Wall Street expectations in each of the three previous quarters. Tuesday -- Harry Potter Central Florida will be a bit busier than usual on Tuesday when Comcast's (CMCSK) Universal Orlando has its grand opening of the new Diagon Alley expansion to The Wizarding World of Harry Potter. It's been a rough start. July 8 wasn't the opening date that the park originally wanted, judging by the fact that it had "The Tonight Show" and "Today" run weeklong tie-ins a few weeks ago. Conveniently for Comcast, it owns both the Universal theme parks and NBC. However, with the expansion's indoor coaster proving unreliable -- and even Universal pass holders being denied early access to attractions outside of the new Hogwarts Express train ride -- it could be an interesting debut. The crowds should be huge, the expectations lofty. Wednesday -- Mopping Up WD-40 (WDFC) reports on Wednesday afternoon. This is the company behind the multi-use lubricant. It also offers industrial cleaners, toilet sanitizers and other compounds. WD-40 didn't work out for its shareholders last time out. It posted better than expected 9 percent growth in revenue, but earnings fell just short of expectations. WD-4
Top 10 Life Sciences Companies To Own In Right Now: Wet Seal Inc (WTSL)
The Wet Seal, Inc., incorporated in 1990, is a specialty retailer operating stores selling apparel and accessory items designed for female customers aged 15 to 39 years old. As of January 28, 2012, the Company operated 558 retail stores in 47 states and Puerto Rico. Its products can also be purchased online through its Websites. It operates two nationwide, primarily mall-based, chains of retail stores under the names Wet Seal and Arden B. Wet Seal is a junior apparel brand for teenage girls who seek trend-focused clothing, with a target customer age range of 15 to 23 years old. Arden B is a fashion brand for the feminine contemporary woman. Arden B targets customers aged 25 to 39 years old and seeks to deliver collections of fashion and basic separates and accessories for various aspects of the customers��lifestyles. During fiscal year ended January 28, 2012 (fiscal 2011), the Company opened 28 and closed six Wet Seal stores and opened four and closed one Arden B stores.
The Company maintains a Web-based store located at www.wetseal.com, offering Wet Seal merchandise comparable to that carried in its stores, to customers over the Internet. The Company also maintains a Web-based store located at www.ardenb.com, offering Arden B merchandise comparable to that carried in its stores, to customers over the Internet. Its online stores are designed to serve as an extension of the in-store experience and offer a range of merchandise. Wet Seal stores average approximately 4,000 square feet in size. As of January 28, 2012, the Company operated 472 Wet Seal stores and Arden B stores average approximately 3,100 square feet in size.
The Company competes with Abercrombie & Fitch, Aeropostale, American Eagle, Anthropologie, Banana Republic, BCBG, bebe, Body Central, Charlotte Russe, Express, Forever 21, Gap, Guess?, H&M, Nordstrom, Old Navy, Pacific Sunwear, Rue 21, Target, Urban Outfitters and Zara. As of April 28, 2012, the Company operated a total of 553 stores in 47 states and Puerto! Rico, including 469 Wet Seal stores and 84 Arden B stores.
Advisors' Opinion:- [By Seth Jayson]
Wet Seal (Nasdaq: WTSL ) reported earnings on May 28. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended May 4 (Q1), Wet Seal met expectations on revenues and met expectations on earnings per share.
Top 10 Life Sciences Companies To Own In Right Now: Navidea Biopharmaceuticals Inc (NAVB)
Navidea Biopharmaceuticals, Inc. (Navidea), formerly Neoprobe Corporation, incorporated in 1983, is a biopharmaceutical company focused on the development and commercialization of precision diagnostic agents. As of December 31, 2011, the Company�� radiopharmaceutical development programs included Lymphoseek (Lymphoseek, Kit for the Preparation of Technetium Tc99m for Injection), a radiopharmaceutical agent for lymph node mapping; AZD4694, an imaging agent, and RIGScan, a tumor antigen-specific targeting agent. In January 2012, the Company executed an option agreement with Alseres Pharmaceuticals, Inc. (Alseres) to license [123I]-E-IACFT Injection, also called Altropane, an Iodine-123 radiolabeled imaging agent, being developed as an aid in the diagnosis of Parkinson�� disease, movement disorders and dementia. In August 2011, the Company sold its gamma detection device line of business (the GDS Business) to Devicor Medical Products, Inc.
Lymphoseek
Navidea�� pipeline includes clinical-stage radiopharmaceutical agents used to identify the presence and status of disease. Lymphoseek (Kit for the Preparation of Technetium Tc99m for Injection) is a lymph node targeting agent intended for use in intraoperative lymphatic mapping (ILM) procedures and lymphoscintigraphy employed in the overall diagnostic assessment of certain solid tumor cancers. The lymph system is a component of the body�� immune system. The key components of the lymph system are lymph nodes-small anatomic structures that contain disease-fighting lymphocytes, filter lymph of bacteria and cancer cells, and signal infection in response to heightened levels of pathogens. In Navidea�� Phase III clinical studies of Lymphoseek, it detected over 99% of positive nodes identified by vital blue dye (VBD). As of December 31, 2011, Navidea, in co-operation with UC, San Diego affiliate (UCSD), completed or initiated five Phase I clinical trials, one multi-center Phase II trial and three multi-center Phase II trials inv! olving Lymphoseek. Two Phase III studies were completed in subjects with breast cancer and melanoma. During the year ended December 31, 2011, data from NEO3-09 were released, which indicated that all primary and secondary endpoints for the study were met. As of December 31, 2011, third Phase III clinical trial for Lymphoseek in subjects with head and neck squamous cell carcinoma (NEO3-06) was in progress.
AZD4694
AZD4694 is a Fluorine-18 labeled precision radiopharmaceutical candidate for use in the imaging and evaluation of patients with signs or symptoms of cognitive impairment such as Alzheimer's disease (AD). It binds to beta-amyloid deposits in the brain that can then be imaged in positron emission tomography (PET) scans. Amyloid plaque pathology is a required feature of AD and the presence of amyloid pathology is a supportive feature for diagnosis of probable AD. Patients who are negative for amyloid pathology do not have AD. AZD4694 has been studied in several clinical trials. Clinical studies through Phase IIa have included more than 80 patients to date, both suspected AD patients and healthy volunteers. No significant adverse events have been observed. Results suggest that AZD4694 has the ability to image patients quickly and safely with high sensitivity.
RadioImmunoGuided Surgery
As of December 31, 2011, RIGScan had been studied in a number of clinical trials, including Phase III studies. Navidea has conducted two Phase III studies, NEO2-13 and NEO2-14, of RIGScan in patients with primary and metastatic colorectal cancer, respectively. Both studies were multi-institutional involving cancer treatment institutions in the United States, Israel, and the European Union.
The Company competes with Pharmalucence, Eli Lilly, Bayer Schering, General Electric and GE Healthcare.
Advisors' Opinion:- [By Sean Williams]
Another prime example here would be Navidea Biopharmaceuticals' (NYSEMKT: NAVB ) Lymphoseek which is an injectable agent used in external lymph-node imaging and intra-operative lymphatic mapping. In English this means it will dramatically improve the staging and treatment options for patients with breast cancer. Being that breast cancer was also listed as a commonly misdiagnosed cancer, this is a big step in the right direction for patient care.
- [By Lauren Pollock]
Among the companies with shares expected to actively trade in Tuesday’s session are Toll Brothers Inc.(TOL) and Navidea Biopharmaceuticals Inc.(NAVB)
- [By Lauren Pollock]
Navidea Biopharmaceuticals Inc.(NAVB) said the U.S. Food and Drug Administration has granted a priority review for an expanded use of its Lymphoseek drug for some patients with head and neck cancer. Shares dropped 5.4% to $1.97 premarket.
Top 10 Life Sciences Companies To Own In Right Now: Vectren Corporation (VVC)
Vectren Corporation, through its subsidiaries, provides energy delivery services to residential, commercial, and industrial and other contract customers in Indiana and west central Ohio. It offers natural gas distribution and transportation services, and electric distribution services; and owns and operates coal-fired and gas-fired electric generating facilities with an installed generating capacity of 1,298 megawatts. The company�s electric transmission system consists of 989 circuit miles of 345, 138, and 69 kilovolt lines, and 35 substations; and distribution system comprises 4,281 pole miles of lower voltage overhead lines and 372 trench miles of conduit containing 1,999 miles of underground distribution cable, 96 distribution substations, and 54,000 distribution transformers. In addition, it provides gas marketing, gas portfolio optimization, and other portfolio and energy management services to municipalities, utilities, industrial operations, schools, and healthcar e institutions; mines and sells coal; offers underground construction and repair, performance contracting, and renewable energy services; and invests in energy-related opportunities and services, real estate, and leveraged leases. Further, the company engages in transmission pipeline construction and maintenance; pump station, compressor station, terminal, and refinery construction; and hydrostatic testing services. It serves the automotive assembly, parts, and accessories; feed, flour, and grain processing; metal castings; aluminum products; polycarbonate resin and plastic products; gypsum products; electrical equipment; metal specialties; glass; steel finishing; pharmaceutical and nutritional products; gasoline and oil products; ethanol; and coal mining industries. As of December 31, 2011, it supplied natural gas services to approximately 993,300 customers; and electric services to approximately 141,600 customers. Vectren Corporation was founded in 1912 and is headquartere d in Evansville, Indiana.
Advisors' Opinion:- [By Lawrence Meyers]
I like the diversification, and the fact that the company has offered many of these products for anywhere from 30 years to 100 years may explain why it�� paid a dividend for the last 32 years. That dividend is presently at 4.3%.
Vectren Corporation (VVC)The final stock on our list of secret dividend stocks is Vectren Corporation (VVC). VVC is another an energy play that�� diversified into four segments. The company provides 566,000 customers with natural gas delivery in Indiana.
- [By David Dittman]
Answer: I like NextEra Energy, which has significant renewables exposure and operates in a region with solid economic fundamentals. I also like smaller utes that operate in smaller footprints with solid long-term fundamentals, including Cleco (NYSE: CNL), Pinnacle West, Vectren (NYSE: VVC) and SCANA (NYSE: SCG).
Top 10 Life Sciences Companies To Own In Right Now: First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN)
First Trust NASDAQ Clean Edge US (ETF) seeks investment results that correspond to the price and yield of an equity index of the NASDAQ Clean Edge U.S. Liquid Series Index. It is a market capitalization weighted index designed to track the performance of clean energy companies that are publicly traded in the United States and includes companies engaged in manufacturing, development, distribution and installation of emerging clean-energy technologies, including solar photovoltaics, biofuels and advanced batteries.
The NASDAQ Clean Edge U.S. Liquid Series Index is a modified market cap weighted index in which larger companies receive a larger index weighting. First Trust Advisors L.P. is the adviser of the fund.
Advisors' Opinion:- [By Todd Shriber, ETF Professor]
The news was predictably good for a pair of ETFs that should be known as "Tesla ETFs." The Market Vectors Global Alternatve Energy ETF (NYSE: GEX) and the First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ: QCLN) both traded higher on a down day for U.S. stocks, rising to within pennies of their previous 52-week highs.
Top 10 Life Sciences Companies To Own In Right Now: U.S. Energy Corp.(USEG)
U.S. Energy Corp. engages in the acquisition, exploration, holding, sale, and/or development of mineral properties. It primarily explores for molybdenum, and other base and precious metals. The company holds interests in Mount Emmons property that covers approximately 9,311 acres located in Gunnison County, Colorado. It also holds interests in oil and gas properties located in Williston Basin North Dakota and Gulf Coast region. In addition, the company holds interests in geothermal properties. Further, it develops multifamily apartment project in Gillette, Wyoming. As of December 31, 2009, its estimated proved reserves were approximately 1,086,203 BOE. The company was founded in 1966 and is based in Riverton, Wyoming.
Advisors' Opinion:- [By Roberto Pedone]
US Energy (USEG), an independent energy company, focuses on the acquisition and development of oil and gas producing properties in the continental U.S. This stock closed up 6.9% to $3.53 in Thursday's trading session.
Thursday's Range: $3.29-$3.53
52-Week Range: $1.45-$4.06
Thursday's Volume: 116,000
Three-Month Average Volume: 219,710From a technical perspective, USEG bounced sharply higher here right off some near-term support at $3.27 and back above its 50-day moving average of $3.45 with lighter-than-average volume. This stock recently formed a triple bottom chart pattern at $3.32, $3.21 and $3.27. Since finding buying interest at those levels, shares of USEG are now spiking higher and moving within range of triggering a near-term breakout trade. That trade will hit if USEG manages to take out some near-term overhead resistance levels at $3.65 to $3.80 with high volume.
Traders should now look for long-biased trades in USEG as long as it's trending above some key near-term support levels at $3.27 or at $3.21 and then once it sustains a move or close above those breakout levels with volume that hits near or above 219,710 shares. If that breakout hits soon, then USEG will set up to re-test or possibly take out its 52-week high at $4.06. Any high-volume move above that level will then give USEG a chance to tag its next major overhead resistance levels at $4.60 to $5.
Top 10 Life Sciences Companies To Own In Right Now: Cummins Inc.(CMI)
Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, electric power generation systems, and engine-related component products worldwide. It operates in four segments: Engine, Power Generation, Components, and Distribution. The Engine segment offers a range of diesel and natural gas powered engines under the Cummins and other customer brand names for the heavy-and medium-duty truck, bus, recreational vehicle, light-duty automotive, agricultural, construction, mining, marine, oil and gas, rail, and governmental equipment markets. This segment also provides new parts and service, as well as remanufactured parts and engines. The Power Generation segment offers power generation systems, components, and services, including diesel, natural gas, gasoline, and alternative-fuel electrical generator sets for use in recreational vehicles, commercial vehicles, recreational marine applications, and home stand-by or residential applications. This segment also provides components that make up power generation systems, such as engines, controls, alternators, transfer switches, and switchgears. The Components segment supplies filtration products, turbochargers, aftertreatment systems, intake and exhaust systems, and fuel systems for commercial diesel applications. This segment offers filtration and exhaust systems for on-and off-highway heavy-duty and mid-range equipment, as well as supplies filtration products for industrial and passenger car applications. This segment also develops after treatment and exhaust systems to help customers meet emissions standards and fuel systems. The Distribution segment provides parts and services, as well as service solutions, including maintenance contracts, engineering services, and integrated products. The company sells its products to original equipment manufacturers, distributors, and other customers. Cummins Inc. was founded in 1919 and is headquartered in Columbus, Indiana.
Advisors' Opinion:- [By Neha Chamaria]
PACCAR's earnings release is important for two reasons. One, it tells a good deal about the shape of things in the trucking industry. Two, as Cummins' (NYSE: CMI ) largest customer, PACCAR can also give investors an idea of what to expect from Cummins' quarterly numbers, which will be up about a week later.
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