Textron (NYSE: TXT ) earnings came out Wednesday, and as you can probably tell from the "green" ticker, investors received them warmly. Despite revenues being down, and earnings along with them, Textron earnings still came in at $0.40 per share, and that was enough to beat estimates by a couple of pennies.
But was it enough to justify investors bidding up the shares today? That's what we're here to find out. In Q2 2013, Textron reported:
Sales from manufacturing operations of $2.8 billion, down 5.3% year over year Slightly worse revenues once finance operations were factored in, down an even 6% Net income from continuing operations of $0.40 per share, down 31%Among the company's several business segments, the Textron systems and industrial divisions performed best, growing revenues 8.5% and 6%, respectively. Cessna and the Bell helicopter division saw lower revenues -- leading Cessna in particular to report a $50 million loss for the quarter, a reversal from last year's $35 million profit.
Top 5 Wireless Telecom Companies To Own For 2015: Rio Tinto Plc(RIO)
Rio Tinto plc engages in finding, mining, and processing mineral resources. The company produces aluminum products, including bauxite, alumina, and aluminum; copper, gold, molybdenum, silver, and nickel; diamonds; minerals, such as borates, titanium dioxide feedstocks, high purity iron, metal powders, zircon, and rutile; thermal and coking coal, and uranium; and iron ore and salt. It primarily operates in Australia, North America, South America, Asia, Europe, and southern Africa. The company was founded in 1873 and is headquartered in London, the United Kingdom. Rio Tinto plc is a subsidiary of Rio Tinto Group.
Advisors' Opinion:- [By Ben Levisohn]
Investors appear to be feeling optimistic, however. Shares of Cliffs Natural resources have gained 0.9% to $15.28 at 3:22 p.m., making it the top-performing iron miner today. BHP Billiton (BHP) has ticked up 0.1% to $73.33, Rio Tinto (RIO) has advanced 0.6% to $57.85 and Vale (VALE) has dropped 0.9% to $14.30.
- [By Ben Levisohn]
Shares of Cliff’s Natural Resources have gained 6% to $23.21 at 11:10 a.m. today, trumping the 1.1% rise in Rio Tinto (RIO), the 1.2% gain in BHP Billiton (BHP) and the 1.5% advance in Vale (VALE).
- [By David Smith]
Alternatively, I'd look closely at Rio Tinto (NYSE: RIO ) , the Anglo-Australian mining giant, which is nearly nine times the size of Alcoa, and generates an operating margin more than seven times Alcoa's. In addition to being a major factor in aluminum production -- having snatched Canada's Alcan from Alcoa's grasp several years ago -- Rio produces an array of minerals and metals, including copper, molybdenum, diamonds, iron ore, coal, and precious metals.
- [By Rich Duprey]
The continued weakness in pricing is unique because it also comes at a time when supplies are being interrupted. Rio Tinto (NYSE: RIO ) suffered a massive collapse in a wall at its�Bingham Canyon copper mine in Utah, which accounts for 5% of total U.S. gold production and 16% of silver. Bingham Canyon is also the world's biggest copper mine, supplying about 1% of global copper, and is part of the reason I see a coming boom in the red metal.
Hot Stocks To Buy Right Now: C&J Energy Services Inc (CJES)
C&J Energy Services, Inc., incorporated on December 15, 2010, is a provider of hydraulic fracturing, coiled tubing, wireline and other complementary services with a focus on complex, technically demanding well completions. The Company also manufactures and repairs equipment to fulfill its internal needs and for third-party companies in the energy services industry. The Company operates in three reportable segments: Stimulation and Well Intervention Services, Wireline Services and Equipment Manufacturing.
The Company provides hydraulic fracturing coiled tubing and related well intervention services through its Stimulation and Well Intervention Services segment to oil and natural gas exploration and production companies. On June 7, 2012, the Company acquired Casedhole Holdings, Inc. and its operating subsidiaries, including Casedhole Solutions, Inc.
Stimulation and Well Intervention Services
The Company's Stimulation and Well Intervention Services segment provides hydraulic fracturing and coiled tubing and other well intervention services, with a focus on complex, technically demanding well completions. The Company's customers use the Company's hydraulic fracturing services to enhance the production of oil and natural gas from formations with low permeability, which restricts the natural flow of hydrocarbons. Hydraulic fracturing involves pumping a fluid down a well casing or tubing at sufficient pressure to cause the underground producing formation to fracture, allowing the oil or natural gas to flow more freely. The Company's engineering staff also provides technical evaluation, job design and fluid recommendations for the Company's customers as an integral element of its fracturing service. The Company's engineering staff also provides technical evaluation, job design and fluid recommendations for the Company's customers as an integral element of its fracturing service.
Wireline Services
The Company's Wireline Services segment p! rovides cased-hole wireline and other complementary services. Its services includes logging, perforating, pipe recovery, pressure testing and pumpdown services, which are critical throughout a well's life cycle.
Equipment Manufacturing
The Company's Equipment Manufacturing segment constructs oilfield equipment, including hydraulic fracturing pumps, coiled tubing units, pressure pumping units and other equipment for the Company's Stimulation and Well Intervention Services and Wireline Services segments as well as for third-party customers in the energy services industry. This segment also provides equipment repair services and oilfield parts and supplies to the energy services industry and to meet the Company's own internal needs.
The Company competes with Halliburton, Schlumberger, Baker Hughes, Weatherford International, RPC, Inc., Pumpco, an affiliate of Superior Energy Services, Frac Tech, Stewart & Stevenson, Enerflow Industries Inc., United Engines Manufacturing, Dragon Products and National Oilwell Varco, Inc.
Advisors' Opinion:- [By Aaron Levitt]
For investors, the choice is clear — you need to focus globally when it comes to oil stocks. North American-focused oil stocks like C&J Energy (CJES) and Basic Energy Services (BAS) might not be up to snuff in such a highly challenging pricing environment.
- [By Matt DiLallo]
C&J Energy Services (NYSE: CJES )
One of the more interesting purchases this quarter is the $7.4 million Soros poured into C&J Energy Services. The oilfield service company specializes in complex well completions, making it an important company for extracting ever-harder-to-reach oil and gas. With operations spanning the most active shale plays, an investment in C&J is one that benefits as oil and gas companies drill more wells using even more complex hydraulic fracturing techniques. - [By Roberto Pedone]
One oil and gas equipment and services player that insiders are active in here is C&J Energy Services (CJES), which provides hydraulic fracturing, coiled tubing, wireline, and other complementary services to oil and gas exploration and production companies in the U.S. Insiders are buying this stock into major weakness, since shares have dropped sharply lower over the last three months by 34%.
C&J Energy Services has a market cap of $1 billion and an enterprise value of $1.3 billion. This stock trades at a cheap valuation, with a trailing price-to-earnings of 19.8 and a forward price-to-earnings of 9.9. Its estimated growth rate for this year is 10.7%, and for next year it's pegged at 42.2%. This is not a cash-rich company, since the total cash position on its balance sheet is $20.30 million and its total debt is $345.85 million.
A director just bought 340,887 shares, or about $6.38 million worth of stock, at $18.69 per share.
From a technical perspective, CJES is currently trending below both its 50-day and 200-day moving averages, which is bearish. This stock has recently started to rebound higher off its new 52-week low of $16.66 a share. That rebound is now starting to push shares of CJES within range of triggering a near-term breakout trade.
If you're bullish on CJES, then I would look for long-biased trades as long as this stock is trending above its new 52-week low of $16.66 and then once it breaks out above some key near-term overhead resistance at $19.86 a share with high volume. Look for a sustained move or close above that level with volume that hits near or above its three-month average action of 1.41 million shares. If that breakout hits soon, then CJES will set up to re-test or possibly take out its next major overhead resistance levels $21.66 to its 50-day moving average of $23.63 a share.
Must Read: Can These 22 New Restaurant Foods and Drinks Feed Investors Too?
- [By Roberto Pedone]
C&J Energy Services (CJES), through its subsidiaries, provides hydraulic fracturing, coiled tubing, wireline and other complementary services to oil and gas exploration and production companies in the U.S. This stock closed up 2.9% at $29.55 in Wednesday's trading session.
Wednesday's Volume: 1.95 million
Three-Month Average Volume: 879,264
Volume % Change: 161%From a technical perspective, CJES spiked notably higher here right above its 200-day moving average of $28.06 and back above its 50-day moving average of $29.55 with above-average volume. This move to the upside on Wednesday also pushed shares of CJES into breakout territory, since the stock took out some near-term overhead resistance at $29.27. Shares of CJES are now starting to trend within range of triggering another breakout trade. That trade will hit if CJES manages to clear Wednesday's intraday high of $29.69 to some more near-term overhead resistance at $30.16 with high volume.
Traders should now look for long-biased trades in CJES as long as it's trending above its 200-day at $28.06 and then once it sustains a move or close above those breakout levels with volume that hits near or above 879,264 shares. If that breakout develops soon, then CJES will set up to re-test or possibly take out its next major overhead resistance levels at $31.50 to $33
Hot Stocks To Buy Right Now: Allot Communications Ltd.(ALLT)
Allot Communications Ltd. engages in developing, selling, and marketing Internet protocol service optimization and revenue generation solutions in Europe, the Middle East, Africa, the Americas, Asia, and Oceania. Its solutions are used to create policies to monitor network applications, enforce quality of service policies that guarantee mission-critical application performance, mitigate security risks, and leverage network infrastructure investments. The company offers traffic management systems, including Service Gateway platform for broadband service control and optimization based on DPI; and NetEnforcer traffic management system that inspects, monitors, and controls network traffic by application and by user. Its network management application suites comprise NetXplorer that provides service providers and enterprise customers a view of traffic on the network; and Subscriber Management Platform, a system that helps service providers build an intelligent service network d esigned to deliver the quality of experience. The company also offers ServiceProtector, which ensures service continuity, and guards network integrity against known and unknown threats, as well as enables surgical mitigation through immediate identification of denial of service attacks, zero day attacks, worms, zombie, and botnets. In addition, it provides MediaSwift that caches and accelerates popular Internet video. The company markets and sells its products to carriers, mobile operators, cable operators, educational institutions, governments, and enterprises, as well as wireless, wireline, and satellite Internet service providers. It sells it products through distributors, resellers, OEMs, value added resellers, and system integrators, as well as through direct sales. The company was formerly known as Ariadne Ltd. and changed its name to Allot Communications Ltd. in September 1997. Allot Communications Ltd. was founded in 1996 and is based in Hod-Hasharon, Israel.
Advisors' Opinion:- [By Evan Niu, CFA]
What: Shares of Allot Communications (NASDAQ: ALLT ) have popped today by as much as 10% after the company scored a big contract.
So what: Allot said it landed a $6.5 million order from a "Tier-1" mobile operator in Europe, the Middle East, and Africa for Intelligent Steering and Value-Added Service licenses. The company added that the contract is a licensing expansion of an existing deployment. The customer will add functionalities to the current Allot Service Gateways deployment.
- [By Garrett Cook]
Telecommunications services shares gained around 0.25 percent in today’s trading. Top gainers in the sector included NQ Mobile (NYSE: NQ), Allot Communications (NASDAQ: ALLT), and SK Telecom Co (NYSE: SKM).
Hot Stocks To Buy Right Now: Gentium SpA(GENT)
Gentium S.p.A., a biopharmaceutical company, focuses on the development and manufacture of its primary product candidate, defibrotide, an investigational drug based on a mixture of single-stranded and double-stranded DNA extracted from pig intestines. It develops defibrotide for the treatment and prevention of hepatic veno-occlusive disease (VOD), a condition that occurs when veins in the liver are blocked as a result of cancer treatments, such as chemotherapy or radiation, that are administered prior to stem cell transplantation. The company has completed a Phase III clinical trial of defibrotide for the treatment of severe VOD in the United States, Canada, and Israel; and a Phase II/III pediatric trial in Europe for the prevention of VOD. It also offers sulglicotide that is developed from swine duodenum, and has ulcer healing and gastrointestinal protective properties in South Korea; and urokinase, which is made from human urine to treat various vascular disorders, such as deep vein thrombosis and pulmonary embolisms. The company was formerly known as Pharma Research S.r.L. and changed its name to Gentium S.p.A. in July 2001. Gentium S.p.A. was founded in 1993 and is headquartered in Villa Guardia, Italy.
Advisors' Opinion:- [By Sean Williams]
A parabolic problem
It has also been a year to remember for shareholders of biopharmaceutical company Gentium (NASDAQ: GENT ) whose share price has catapulted approximately 600% off its lows thanks to growth in its lead drug Defibrotide (known as Defitelio in the European Union). - [By Jake L'Ecuyer]
Shares of Jazz Pharmaceuticals Public Limited Company (NASDAQ: JAZZ) got a boost, shooting up 7.77 percent to $123.65 after the company announced its plans to buy Gentium SpA (NASDAQ: GENT) for around $1 billion.
Hot Stocks To Buy Right Now: Broadcom Corporation(BRCM)
Broadcom Corporation designs and develops semiconductors for wired and wireless communications. It provides a portfolio of system-on-a-chip (SoC) and software solutions for the manufacturers of computing and networking equipment, digital entertainment and broadband access products, and mobile devices, which enable the delivery of voice, video, data, and multimedia content to the home, office, and mobile environment. Its broadband communications products include cable modem SoCs; femtocell SoCs; MPEG/AVC/VC-1 encoders and transcoders; xDSL, passive optical network, and cable modem customer premises equipment and central office solutions; powerline networking SoCs; digital cable, direct broadcast satellite, terrestrial, and Internet protocol (IP) set-top box integrated receiver demodulators; high definition television and standard definition TV SoCs; and Blu-ray disc SoCs. The company?s mobile and wireless products comprise Wi-Fi and Bluetooth SoCs, wireless connectivity com bo chips, global positioning system SoCs, multimedia processors, applications processors, power management units, VoIP SoCs, mobile TV SoCs, and near field communications tags. Its infrastructure and networking products include Ethernet copper transceivers, Ethernet controllers and switches, backplane and optical front-end physical layer devices, security processors and adapters, and broadband processors. The company markets and sells its products through direct sales force, distributors, and manufacturers? representatives in the United States, as well as through regional offices, and a network of independent distributors and representatives in Asia, Australia, Europe, and North America. The company was founded in 1991 and is headquartered in Irvine, California.
Advisors' Opinion:- [By Monica Gerson]
Broadcom (NASDAQ: BRCM) is estimated to post its Q3 earnings at $0.69 per share on revenue of $2.13 billion.
DuPont (NYSE: DD) is projected to report its Q3 earnings at $0.41 per share on revenue of $7.78 billion.
- [By Benjamin Pimentel]
Chip stocks also were mostly up, with shares of Broadcom Corp. (BRCM) �gaining nearly 2% and Intel Corp. (INTC) �up a fraction. The Philadelphia Semiconductor Index (SOX) �edged higher by 1%.
- [By Evan Niu, CFA]
Next month,�Apple� (NASDAQ: AAPL ) is expected to unveil upgraded Macs, most likely in the form of MacBooks. The company will likely bump internal specs with no major external changes. Among these improvements may be the inclusion of�Broadcom's (NASDAQ: BRCM ) newest Wi-Fi combo chips. Thanks to these chips, the new models may support the newest Wi-Fi standard, 802.11ac, that offers theoretical maximum speeds of 1,000 megabits per second, or Mbps.
- [By Ben Levisohn]
The Dow Jones Industrial Average and S&P 500 squeaked out new highs today, while the Nasdaq Composite and small caps dropped, following stronger-than-forecast manufacturing data out of China and a U.S. manufacturing survey that had to be corrected twice. Caterpillar (CAT) and Broadcom�(BRCM) gained, while Express Scripts (ESRX) and Puma Biotechnology (PBYI) tumbled.
No comments:
Post a Comment