Less then three hours till the closing bell, and Citigroup (NYSE: C ) is down 0.32% for the day but up 5.71% for the week. The story is similar for the rest of the Big Four banks and for the broader markets, as well. We seem to be at the start of yet another market correction. Let's hope it's a mild one.
Two weeks of tumult
A week and a half ago, Federal Reserve chairman Ben Bernanke announced that quantitative easing might start being tapered back later this year if U.S. economic data continued trending positively. Investors around the world ignored the "might" and the "if" in Bernanke's statement and instead assumed the worst, sending markets crashing last Thursday and Friday. But beginning Monday, U.S. markets came back strongly, until today.
To add gasoline to the global-markets fire, a crackdown on China's shadow-banking sector sparked fears of a credit crunch in China. A hawkish statement by the country's central bank didn't help matters, and the People's Bank of China quickly changed its tune, promising to backstop any Chinese bank experiencing a cash shortfall.
Top 10 Trucking Stocks To Own Right Now: Teradyne Inc.(TER)
Teradyne, Inc., together with its subsidiaries, provides automatic test equipment products and services worldwide. The company operates in three segments: Semiconductor Test, Systems Test Group, and Wireless Test. The Semiconductor Test segment designs, manufactures, and sells semiconductor test products and services. Its test systems are used for wafer level and device package testing. These chips are used in automotive, communications, consumer, computer, and electronic game applications. This segment provides its products to integrated device manufacturers (IDMs) that integrate the fabrication of silicon wafers into their business; fabless companies, which outsource the manufacturing of silicon wafers; foundries that cater to the processing and manufacturing of silicon wafers; and outsourced sub-assembly and test providers, which offer test and assembly services for the final packaged devices to fabless companies and IDMs. It also provides Magnum test platform that test s memory devices, such as flash memory and dynamic random access memory, as well as offers ETS platform for use by semiconductor manufacturers, and assembly and test subcontractors in the low pin count analog/mixed signal discrete markets. The Systems Test Group segment offers military/aerospace test instrumentation and systems; storage test systems for HDD manufacturers; and circuit-board test and inspection systems for electronics manufacturers of cell phones, servers, computers, Internet switches, automobiles, and military avionics systems. The Wireless Test segment designs, develops, and supports wireless test solutions for developing and manufacturing wireless devices, such as smart phones, tablets, notebooks/laptops, and personal computer peripherals. This segment offers cellular communication solution for verification and calibration of mobile devices; and products for connectivity testing. The company was founded in 1960 and is headquartered in North Reading, Massach usetts.
Advisors' Opinion:- [By James O'Toole]
Facebook will replace testing equipment company Teradyne Inc. (TER)in the S&P 500 and energy infrastructure firm The Williams Companies (WMB, Fortune 500) in the S&P 100.
Hot Promising Stocks To Buy Right Now: Werner Enterprises Inc (WERN)
Werner Enterprises, Inc., incorporated on September 14, 1982, is a transportation and logistics company engaged primarily in hauling truckload shipments of general commodities in both interstate and intrastate commerce. The Company also provides logistics services through its value added services (VAS) division. As of the year ended December 31, 2012, the Company had a fleet of 7,150 trucks, of which 6,505 were Company-operated and 645 were owned and operated by independent contractors. The Company operates in two segments: Truckload Transportation Services (Truckload) and VAS.
Truckload segment
The Company's Truckload segment consists of the One-Way Truckload and Specialized Services units. One-Way Truckload includes the operating fleets: the regional short-haul (Regional) fleet transports a variety of consumer nondurable products and other commodities in truckload quantities within geographic regions across the United States using dry van trailers; the medium-to-long-haul van (Van) fleet provides comparable truckload van service over irregular routes, and the expedited (Expedited) fleet provides time-sensitive truckload services utilizing driver teams.
Specialized Services provides truckload services dedicated to a specific customer, generally for a retail distribution center or manufacturing facility, including services for products requiring specialized trailers such as flatbed or temperature-controlled trailers. The Company's Truckload fleets operate throughout the 48 contiguous United States, both common and contract, granted by the United States Department of Transportation (DOT). The Company also has authority to operate in several provinces of Canada and to provide through-trailer service into and out of Mexico. The principal types of freight the Company transports include retail store merchandise, consumer products, grocery products and manufactured products. The Company focuses on transporting consumer nondurable products that generally ship.
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VAS segment
The Company's VAS segment is a non-asset-based transportation and logistics provider. VAS is consists of four operating units that provide non-trucking services to the Company's customers: truck brokerage (Brokerage) uses contracted carriers to complete customer shipments; freight management (Freight Management) offers a range of single-source logistics management services and solutions; the intermodal (Intermodal) unit offers rail transportation through alliances with rail and drayage providers as an alternative to truck transportation, and Werner Global Logistics international (WGL) provides complete management of global shipments from origin to destination using a combination of air, ocean, truck and rail transportation modes. The Company's Brokerage unit had transportation services contracts with approximately 9,400 carriers as of December 31, 2012.
Advisors' Opinion:- [By Seth Jayson]
Werner Enterprises (Nasdaq: WERN ) reported earnings on April 18. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Werner Enterprises missed estimates on revenues and missed estimates on earnings per share. - [By Monica Gerson]
Werner Enterprises (NASDAQ: WERN) is expected to post its Q3 earnings at $0.29 per share on revenue of $503.82 million.
Chipotle Mexican Grill (NYSE: CMG) is estimated to post its Q3 earnings at $2.78 per share on revenue of $820.28 million.
- [By Jake L'Ecuyer]
Equities Trading DOWN
Shares of Outerwall (NASDAQ: OUTR) were down 16.03 percent to $47.00 after the company lowered its forecast for the third quarter and full year. Werner Enterprises (NASDAQ: WERN) shares tumbled 4.71 percent to $23.26 after the company issued a weak third-quarter profit forecast. Bank of America downgraded the stock from Buy to Neutral. Pandora Media (NYSE: P) down, falling 1.71 percent to $23.58 as the company announced its plans to sell 14 million shares of common stock, including 4 million shares from current stockholders. - [By Mike Deane]
Werner Enterprises (WERN) announced its third quarter earnings after the bell on Thursday, posting a 1% change in revenues from last year’s Q3, but a 15% drop in net income.
The Omaha, NE-based logistics and transportation company announced Q3 revenue of $511.73 million, which was up slightly from last year’s $506.50 million revenue figure. WERN reported net income for the quarter of $21.53 million, or 29 cents per diluted share, which was down from last year’s Q3 earnings of $25.13 million, or 34 cents per diluted share.
The company was able to meet analyst views of 29 cents EPS, and slightly surpass the revenue estimate of $503.82 million.
WERN shares were up 21 cents, or 0.90%, at Thursday’s market close, but were edging lower in after-hours trading. YTD, the company’s stock is up just over 4%.
Hot Promising Stocks To Buy Right Now: Laredo Petroleum Inc (LPI)
Laredo Petroleum, Inc., formerly Laredo Petroleum Holdings, Inc., incorporated in August 12, 2011, is an independent energy company focused on the exploration, development and acquisition of oil and natural gas in the Permian and Mid-Continent regions of the United States. The Company�� activities are primarily focused in the Wolfberry and deeper horizons of the Permian Basin in West Texas and the Anadarko Granite Wash in the Texas Panhandle and Western Oklahoma, where it has assembled 134,680 net acres and 37,850 net acres, respectively, as of December 31, 2011.
Permian Basin
The Permian Basin, located in west Texas and southeastern New Mexico, is an onshore oil and natural gas producing regions in the United States. The Company�� Permian activities are centered on the eastern side of the basin approximately 35 miles east of Midland, Texas in Glasscock, Howard, Reagan and Sterling Counties. As of December 31, 2011, it held 134,680 net acres in over 300 sections with an average working interest of 96% in wells drilled as of that date. The overall Wolfberry interval, the principal focus of its drilling activities, is an oil play that also includes a liquids-rich natural gas component. Its production/exploration fairway extends approximately 20 miles wide and 80 miles long. While exploration and drilling efforts in the southern half of its acreage block has been centered on the shallower portion of the Wolfberry (Spraberry, Dean and Wolfcamp formations) the emphasis in the northern half has been on the deeper intervals, including the Wolfcamp, Cline Shale, Strawn and Atoka formations.
As of December 31, 2011, the Company had drilled and completed approximately 600 gross vertical wells and had defined the productive limits on its acreage throughout the trend. It has expanded its drilling program to include a horizontal component targeting the Cline and Wolfcamp Shales. The Company has drilled four gross horizontal Wolfcamp Shale wells as of December 31, 2011. A! s of December 31, 2011, it had drilled a total of 27 gross horizontal wells in the Wolfcamp and Cline formations, of which 23 are in the Cline Shale and four in the Wolfcamp Shale. It had over 5,600 total gross identified drilling locations (both vertical and horizontal) in the Permian, all of which are within the Wolfberry and Cline Shale interval during the year ended December 31, 2011.
Anadarko Granite Wash
Straddling the Texas/Oklahoma state line, its Granite Wash play extends over a large area in the western part of the Anadarko Basin. As of December 31, 2011, it held 37,850 net acres in Hemphill County, Texas and Roger Mills County, Oklahoma. The Company�� play consists of vertical and horizontal drilling opportunities targeting the liquids-rich Granite Wash formation. As of December 31, 2011, it had drilled and completed over 150 gross vertical wells. During 2011, its horizontal Granite Wash program was in the development phase. As of December 31, 2011, it had approximately 100 gross identified potential drilling locations for the horizontal Granite Wash, which included both its Texas and Oklahoma acreage.
Other areas
The Company, in addition to its Permian Wolfberry and Anadarko Granite Wash plays, evaluated opportunities in three other areas within its core operating regions during 2011. The Dalhart Basin is located on the western side of the Texas Panhandle. As of December 31, 2011, the Company held 83,295 net acres in the Dalhart Basin. As of December 31, 2011, it had drilled two gross vertical wells in the Dalhart Basin. The second area is centrally located in the Central Texas Panhandle, where its operations were conducted through its joint venture with ExxonMobil as of December 31, 2011. As of December 31, 2011, it held 46,915 net acres in the Central Texas Panhandle. The third area is located in the eastern end of the Anadarko Basin, in Caddo County, Oklahoma. As of December 31, 2011, the Company held 33,306 net acres in the Eastern An! adarko. Advisors' Opinion:
- [By Tony Daltorio]
Other companies already drilling in the Cline include Apache Corp. (NYSE: APA), Gulfport Energy Corp. (Nasdaq: GPOR), and another pioneer in the region, Laredo Petroleum Holdings Inc. (NYSE: LPI).
- [By Robert Rapier]
Laredo Petroleum (NYSE: LPI) is a smallish (~$4 billion market capitalization) oil and natural gas producer in the booming Permian Basin, where it holds leases on ~144,000 net acres.
Hot Promising Stocks To Buy Right Now: Financial Engines Inc.(FNGN)
Financial Engines, Inc. and its subsidiaries provide independent, technology-enabled portfolio management services, investment advice, and retirement income services to participants in employer-sponsored defined contribution plans. The company helps investors plan for retirement by offering personalized plans for saving and investing, as well as by providing assessments of retirement income needs and readiness. Its services include Professional Management, a discretionary managed account service designed for plan participants who want personalized and professional portfolio management services, investment advice, and retirement income services from an independent investment advisor; Online Advice, an Internet-based non-discretionary service that offers personalized advice to plan participants who manage their portfolios directly; and Retirement Evaluation, a retirement readiness assessment provided to plan participants upon plan rollout. The company delivers its services t o plan sponsors and plan participants primarily through connections to eight retirement plan providers in the United States. Financial Engines, Inc. was founded in 1996 and is headquartered in Palo Alto, California.
Advisors' Opinion:- [By Ben Levisohn]
The iShares Russell 2000 ETF (IWM) has dropped 5.2% so far this year, while Mueller Industries (MLI), which has plunged 55%, Medidata Solutions (MDSO), which has plummeted 44%, Financial Engines (FNGN), which has slid 42%, and Isis Pharmaceuticals (ISIS), which has tumbled 42%, are the index’s biggest losers.
Hot Promising Stocks To Buy Right Now: Agnico-Eagle Mines Limited(AEM)
Agnico-Eagle Mines Limited, through its subsidiaries, engages in the exploration, development, and production of mineral properties in Canada, Finland, and Mexico. The company primarily explores for gold, as well as silver, copper, zinc, and lead. Its flagship property includes the LaRonde mine located in the southern portion of the Abitibi volcanic belt, Canada. The company was founded in 1953 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.
- [By Daniel Putnam]
The second factor working in gold stocks��favor is that analysts are growing optimistic again. Yesterday, HSBC put out a bullish note on gold and upgraded Agnico Eagle Mines (AEM), Yamana Gold (AUY), Barrick Gold, Iamgold (IAG), and Goldcorp. Most gold stocks are ranked ��old��or ��uy��(as opposed to ��trong Buy�� by the majority of analysts, meaning that there�� plenty of room for continued positive news flow on this front.
Hot Promising Stocks To Buy Right Now: Katy Industries Inc (KATY)
Katy Industries, Inc. (Katy) is a manufacturer, importer and distributor of commercial cleaning and storage products. The Company�� commercial cleaning products are sold primarily to janitorial/sanitary and foodservice distributors that supply end users, such as restaurants, hotels, healthcare facilities and schools. The Company�� storage products are primarily sold through home improvement and mass market retail outlets. Continental Commercial Products, LLC (CCP) is its wholly owned subsidiary and includes as divisions all of its business units. The Company�� business units are Continental, Contico, Container, Gemtex, Glit and Wilen. On October 4, 2011, the Company sold all assets and certain liabilities related to the DISCO division of CCP to DISCO Acquisition Corp. In February 2014, Katy Industries Inc completed the acquisition of Fort Wayne Plastics, Inc.
The Continental business unit is a plastics manufacturer and an importer and distributor of products for the commercial janitorial/sanitary maintenance, industrial and food service markets. Continental products include commercial waste receptacles, buckets, mop wringers, janitorial carts, and other products designed for commercial cleaning and food service. Continental products are sold under the brand names, such as Continental, Kleen Aire, Huskee, SuperKan, King Kan, Unibody, Tilt-N-Wheel, Wall Hugger, Collossus, Corner��Round, Rountop, Swingline, Kleen Tech and Structo Tuff.
The Contico business unit is a plastics manufacturer and distributor of home and tool storage products, sold primarily through home improvement and mass market retail outlets. Contico products include plastic home storage units, such as domestic storage containers, tool boxes, shelving and hard plastic gun cases and are sold under the brand names Contico and Tuffbin. Contico is a registered trademark used under license from Contico Manufacturing Limited.
The Container business unit is a plastics manufacturer and distributor ! of industrial storage drums and pails for commercial and industrial use. Products are sold under the Contico and Contico Container brand names.
The Gemtex business unit is a manufacturer and distributor of resin fiber disks and other coated abrasives for the original equipment manufacturer (OEM), automotive, industrial and home improvement markets. Gemtex products are sold under the brand names Trim-Kut and Grind R.
The Glit business unit is a manufacturer and distributor of non-woven abrasive products for commercial and industrial use and also supplies materials to various OEMs. Glit non-woven products include floor maintenance pads, hand pads, scouring pads, specialty abrasives for cleaning and finishing, growth medium and roof ventilation products. These products are sold primarily in the commercial sanitary maintenance, food service, industrial and construction markets under the brand names, such as Glit, Kleenfast, Glit/Microtron, Fiber Naturals, Blue Ice, Brillo, Cyclone, Cyclone D, Sponge Pro, Wipe Clean Pro, Joey, Jackeroo, Buckaroo, Cocopad, Safire and WalnutPad. Brillo is a registered trademark used under license from Armaly Brands, Inc. and BAB-O is a registered trademark used under license from Fitzpatrick Bros., Inc.
The Wilen business unit is a manufacturer, importer and distributor of professional cleaning products that include mops, brooms, brushes and plastic cleaning accessories. Wilen products are sold primarily through commercial sanitary maintenance, industrial and food service markets, with some products sold through consumer retail outlets. Products are sold under the brand names, such as Wilen, Wax-o-matic, Rototech, ErgoWorx and Derma-Tek.
Advisors' Opinion:- [By Chris Mydlo]
The guru, Mario Gabelli, purchased 724,729 shares of Katy Industries (KATY). According to the 13D filed with the SEC on March 21, 2014, Gabelli is deemed to have beneficial ownership of the securities owned by Gabelli Funds, GAMCO, Teton Advisors and MJG Associates. The total amount of shares owned is 1,711,045, representing 21.52% of the shares outstanding. Katy engages in the manufacture, import and distribution of commercial cleaning and storage products for commercial janitorial/sanitary maintenance, industrial, foodservice, mass merchant retail and home improvement markets in the U.S., Canada and Europe.
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