The tired old “Sell in May and Go Away” didn’t ring true this year. In fact, with the return of volatility to the market (a good thing), it looks like we’re set for a move up.
The S&P 500 eked out a 2.2% gain for the month of May, which is about the same as the previous year. Even more interesting, although I do not profess to be a wiggle reader, it does appear that market volatility has resulted in the market putting what appears to be a double bottom in place. Typically, a double bottom is a bullish signal.
Whether we have the beginning of a summer rally or not remains to be seen. However, market volatility has created some compelling price opportunities in more stocks than you would
think. Here are three of my favorite high-quality names:
B&G Foods (NYSE: BGS) – Look in your pantry or your fridge or your freezer, there’s a better than 50% chance you got a couple of this company’s brands on the shelf. This $28 billion packaged food firm has been quietly acquiring old brands and breathing new and profitable life into them. Reviving stalwarts, such as Ortega, Cream of Wheat and Green Giant, and making headway with progressive, younger brands such as Skinny Girl and Pirate’s Booty (which my 16-year-old seems to live off), the company pulled in $1.6 billion in annual revenue last year while delivering a mind-boggling 24.7% return on equity. While officially a consumer staple stock, B&G is in growth mode through acquisition as displayed through its superior ROE. Shares trade at a 31% discount to their 52-week high. The stock trades at $28 (a 31with a forward PE of 13.41 and a compelling 6.78% dividend yield.
Top 10 Performing Stocks To Invest In 2021: Netflix, Inc.(NFLX)
Netflix, Inc. (Netflix), incorporated on August 29, 1997, is a provider of Internet television network. The Company’s members can watch original series, documentaries and feature films in Internet-connected screen. The Company has three operating segments: Domestic streaming, International streaming and Domestic DVD. The Domestic and International streaming segments derive revenues from monthly membership fees for services consisting of streaming content. The Domestic DVD segment derives revenues from monthly membership fees for services consisting of digital video disc (DVD)-by-mail.
The Company’s members can watch television shows and movies directly on their televisions, computers and mobile devices. The Company offers streaming service both domestically and internationally. Its members can play, pause and resume watching, without commercials or commitments. Additionally, in the United States, the Company’s members can receive DVDs to their homes.
- [By ]
Tilson cited the example of when he bought shares of Netflix (Nasdaq: NFLX) near multiyear lows. As the stock climbed, he kept taking profits and ended up exiting out of his position far too early. Had he simply let his winner ride, he’d have been up more than 50 times on his original purchase.
- [By ]
With major S&P 500 companies from Facebook (Nasdaq: FB) to Netflix (Nasdaq: NFLX) now reassigned, the change is simply too big to be ignored. That goes for passive investors — ones who rely on an index-tracking approach — and active investors like us who frequently screen sectors and indices for ideas.
- [By Garrett Baldwin]
Now, here’s a closer look at today’s Money Morning insight, the most important market events, and stocks to watch.
The Top Stock Market Stories for Tuesday
Today, investors will watch earnings season kick into high gear. A busy day of reports started today with a solid one from UnitedHealth Group Inc. (NYSE: UNH). The health insurance giant’s stock could jump up to 3% after topping Wall Street expectations, while Johnson & Johnson (NYSE: JNJ) could gain another 2% thanks to a solid report.
The U.S. Federal Reserve could hold interest rates in place until late 2020, according to one prominent member of the central bank. On Monday, Chicago Fed President Charles Evans said that the Fed can hold off on raising rates until around the election. Evans said that holding off will help “support the inflation outlook.” Keep a close eye on Apple Inc. (NASDAQ: AAPL), whose shares are dancing with the $200 level. With Netflix Inc. (NASDAQ: NFLX) set to report earnings, Walt Disney Co. (NYSE: DIS) launching its own streaming service, and Hulu losing a major investor, all eyes are on Tim Cook’s company and its plans to enter the highly competitive content wars. Last week, AAPL stock received a price target upgrade from Wedbush, $215 to $225 per share. But if you’ve been following us, you’d know that $225 is our long-term outlook for one of the world’s top companies.
Stocks to Watch Today: NFLX, DIS, CMCSA, T, CSX
Earnings season is in full swing, and investors will keep an eye out later for Netflix Inc. (NASDAQ: NFLX). The global streaming giant reports earnings today. Prior to its earnings report, Deutsche Bank AG (NYSE: DB) upgraded its stance from a “Hold” to a “Buy” and expects stronger subscriber growth on top of higher monthly subscription costs. The German bank set a price target of $400 per share. NFLX stock is up 30% so far this year, but the stock faces increasing competition from a variety of challengers.
Brace Yourself: The 5G revolution is unleashin
Top 10 Performing Stocks To Invest In 2021: Clean Energy Fuels Corp.(CLNE)
Clean Energy Fuels Corp., together with its subsidiaries, provides natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The company designs, builds, operates, and maintains fueling stations, as well as supplies compressed natural gas (CNG) and liquefied natural gas (LNG) fuel for medium and heavy-duty vehicles. Its CNG is used in automobiles, light to medium-duty vehicles, refuse trucks, and transit buses as an alternative to gasoline and diesel. The company also sells non-lubricated natural gas compressors and related equipment used in CNG and LNG stations; and produces renewable natural gas, which is used as vehicle fuel or sold for power generation. In addition, it offers vehicle finance services for the purchase of natural gas vehicles, as well as for the conversion of gasoline or diesel powered vehicles to operate on natural gas. Further, the company provides natural gas conversions, alternative fuel systems, application engineering, service and warranty support, and research and development services for natural gas vehicles. As of December 31, 2011, it served approximately 530 fleet customers with approximately 25,000 natural gas vehicles; and owned, operated, or supplied 273 natural gas fueling stations in 23 states within the United States, and British Columbia and Ontario within Canada, as well as in Peru. Clean Energy Fuels Corp. was incorporated in 2001 and is headquartered in Seal Beach, California.
- [By Jason Hall]
Clean Energy Fuels (NASDAQ:CLNE) reported fourth-quarter and full-year 2018 results after market close on March 12, and Mr. Market was very pleased. Shares surged more than 20% at the open on March 13, and finished the first trading day after earnings up almost 30%. Whew!
- [By Rich Smith]
Clean Energy Fuels (NASDAQ:CLNE) stock cleaned up yesterday, gaining nearly 29% by close of trading. Today, Clean Energy is giving some of those profits back. After plunging as much as 11% in Thursday’s early trading, the stock is down 6.5% just before market close.
- [By Dan Caplinger]
Wednesday was another positive day on Wall Street, as market participants reacted favorably to signs that business investment remains strong. Major benchmarks were generally up between 0.6% and 0.7%, and other parts of the financial market also did well, with oil prices climbing 3% to around $58.50 per barrel and gold picking up 1% to $1,311 per ounce. Several individual stocks enjoyed even larger gains, with company-specific news bolstering their prospects. Oaktree Capital Group (NYSE:OAK), Guardant Health (NASDAQ:GH), and Clean Energy Fuels (NASDAQ:CLNE) were among the top performers. Here’s why they did so well.
Top 10 Performing Stocks To Invest In 2021: Resolute Energy Corporation(REN )
Resolute Energy Corporation, incorporated on July 28, 2009, is an independent oil and gas company. The Company is engaged in the exploitation, development, exploration for and acquisition of oil and gas properties. The Company’s asset base consists primarily of properties in Aneth Field located in the Paradox Basin in southeast Utah (the Aneth Field Properties or Aneth Field), the Permian Basin in Texas and southeast New Mexico (the Permian Properties or Permian Basin Properties), and the Powder River and Big Horn Basins in Wyoming (the Wyoming Properties). As of December 31, 2014, its oil sales comprised approximately 89% of revenue, and its estimated net proved reserves were approximately 74.2 million barrels of oil equivalent, of which approximately 56% and 45% were proved developed reserves and proved developed producing reserves (PDP), respectively. Approximately 86% of its estimated net proved reserves were oil and approximately 92% were oil and natural gas liquids (NGL). The Company has an interest in gas gathering and compression facilities located within and adjacent to its Aneth Field Properties. Collectively called the Aneth Gas Processing Plant, the facility consists of an active gas compression operation operated by it and a dismantled gas processing facility.
Aneth Field Properties
Aneth Field, an oil field in southeast Utah, holds 73% of the Company’s net proved reserves as of December 31, 2014, and accounted for 49% of its production during 2014, averaging 6,287 equivalent barrels of oil per day, of which 98% was oil. The Company owns working interests in, and is the operator of, three federal production units covering approximately 43,000 gross acres, which constitute the Aneth Field Properties. These are the Aneth Unit, the McElmo Creek Unit and the Ratherford Unit, in which the Company owns working interests of 62%, 67.5% and 59%, respectively, as of December 31, 2014. The Company had interests in and operated 388 gross (246 net) producing wells and 333 gro! ss (210 net) active water and carbon dioxide injection wells. Aneth Field covers a single geologic structure with production coming from the Pennsylvanian age Desert Creek formation.
Within Aneth Field, as of December 31, 2014, the Company had estimated net proved reserves of 30.3 million barrels of oil equivalent. Of these reserves, 27.6 million barrels of oil equivalent are attributable to recoveries associated with expansions, extensions and processing of the tertiary recovery carbon dioxide floods. Within the Ratherford Unit, the Company has two carbon dioxide flood projects, one targeting both the Desert Creek I and II zones and a second targeting primarily the Desert Creek I zone. Carbon dioxide is available from McElmo Dome, the carbon dioxide source in the United States. Aneth Field is connected directly to McElmo Dome through a 28 mile pipeline that the Company operates and in which the Company owns a 68% interest.
Oil production from its Aneth Field is characterized as a light and sweet crude oil. The field is connected by pipeline to a refinery located near Gallup, New Mexico that is owned and operated by Western Refining Southwest, Inc., a subsidiary of Western Refining Inc. (Western). On December 31, 2014, the Company entered into an amendment to the purchase agreement with Western. There are two types of gas production in Aneth Field, saleable gas and gas that is contaminated by Carbon dioxide. The contaminated gas stream, which is rich in valuable NGL and gas, is compressed and re-injected into the reservoir.
As of December 31, 2014, the Company had interests in 36,500 gross (25,000 net) acres in the Permian Basin of Texas and southeast New Mexico. Its position is divided between three principal project areas: the Delaware Basin project area in Reeves County, the Midland Basin project area in Howard, Martin, Midland and Ector counties and the Northwest Shelf project area located in the Denton, Gladiola and Knowles fiel! ds in the! Northwest Shelf area in Lea County, New Mexico. Approximately 14.1 million barrels of oil equivalent of proved reserves are associated with these assets as of December 31, 2014. During 2014, the Company completed 15 gross (7.9 net) wells in the Permian Properties and had 234 gross (197 net) producing wells. As of December 31, 2014, the Company was in the process of drilling one gross (0.7 net) well and had two gross (1.2 net) wells awaiting completion operations. During 2014, average net daily production from the Permian Properties was 4,656 barrel of oil equivalent and was 80% liquids. In January and February 2015, the Company completed three horizontal wells.
The Delaware Basin project area includes approximately 21,200 gross (13,200 net) acres. The primary objective in this area is the Wolfcamp formation. Within the Wolfcamp formation, the Company has focused primarily on the Wolfcamp A and B subzones. Within its project area, other operators are also developing the Wolfcamp C and D subzones, as well as the third Bone Spring formation. Based on drilling activity to date, approximately 40% of the acreage is held by production. Approximately 5.4 million barrels of oil equivalent of proved reserves are associated with these assets as of December 31, 2014. The Midland Basin project area includes approximately 10,000 gross (7,800 net) acres. Approximately 7.2 million barrels of oil equivalent of proved reserves were associated with these assets as of December 31, 2014. Within this inventory, 114 wells are located in its core operated Gardendale area in Midland and Ector counties based on 80- to 120-acre spacing and three zones. Its acreage in this area is held by production. In Gardendale the Company has primarily focused on the Wolfcamp B subzone. Other operators in the area are developing the lower and middle Spraberry, as well as the Wolfcamp A and C subzones.
The Company owns assets in Lea County, New Mexico, in Denton, Gladiola and South Knowles fields, which are convention! al oil fi! elds that produce from fractured carbonate reservoirs and cover 4,700 gross acres in which the Company holds an approximate 85% working interest, all held by production. Its interest in Denton Field consists of 2,900 gross acres, all of which are held by production. Approximately 1.0 million barrels of oil equivalent of proved reserves are associated with its Denton Field interests. The Company is the operator of the Lea County assets.
Hilight Field is located in the Powder River Basin in Campbell County, Wyoming, and consists of the Central Hilight Unit, the Grady Unit and the Jayson Unit. The Company has a 98.5% working interest in the Central Hilight Unit, an 82.5% working interest in the Grady Unit and an 82.7% working interest in the Jayson Unit. The Central Hilight, Grady and Jayson units and adjacent leasehold cover an area of almost 51,600 gross (47,400 net) acres. As of December 31, 2014, there were 151 gross (143.5 net) producing vertical wells and six gross (5.6 net) horizontal wells. Gross cumulative production through December 31, 2014, from its three operated units was 68.4 million barrels of oil and 168 billion cubic feet of gas. During 2014, production from Hilight Field averaged 1,770 barrels of oil equivalent per day and was 29% oil. The Company drilled two additional wells in the Turner formation. In the Big Horn Basin, the Company owns leases covering approximately 34,700 net acres.
- [By Ethan Ryder]
Ren (CURRENCY:REN) traded down 0.8% against the dollar during the twenty-four hour period ending at 21:00 PM ET on March 8th. During the last seven days, Ren has traded up 16.7% against the dollar. One Ren token can currently be purchased for approximately $0.0201 or 0.00000514 BTC on popular exchanges including Tidex, Huobi Global, Kyber Network and UEX. Ren has a market capitalization of $12.72 million and $942,098.00 worth of Ren was traded on exchanges in the last 24 hours.
- [By Ethan Ryder]
Shares of Resolute Energy Corp (NYSE:REN) have received an average rating of “Hold” from the nine ratings firms that are currently covering the firm, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $39.17.
Top 10 Performing Stocks To Invest In 2021: Standex International Corporation(SXI)
Standex International Corporation was incorporated in 1975 and is the successor of a corporation organized in 1955. As used in this report, the terms “we,” “us,” “our,” the “Company” and “Standex” mean Standex International Corporation and its subsidiaries. We have paid dividends each quarter since Standex became a public corporation in November 1964.
Unless otherwise noted, references to years are to fiscal years.
We are a leading manufacturer of a variety of products and services for diverse commercial and industrial markets. We have 11 operating segments, aggregated and organized for reporting purposes into five segments: Food Service Equipment, Engraving, Engineering Technologies, Electronics and Hydraulics. Overall management, strategic development and financial control are maintained by the executive staff from our corporate headquarters located in Salem, New Hampshire. Advisors’ Opinion:
- [By Ethan Ryder]
Standex Int’l Corp. (NYSE:SXI) – Equities researchers at William Blair boosted their Q3 2019 earnings per share (EPS) estimates for shares of Standex Int’l in a note issued to investors on Monday, October 1st. William Blair analyst N. Heymann now expects that the industrial products company will earn $1.51 per share for the quarter, up from their prior estimate of $1.49.
- [By Stephan Byrd]
Standex Int’l Corp. (NYSE:SXI) has been assigned a consensus rating of “Hold” from the eight brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $120.50.
- [By Logan Wallace]
Barclays PLC boosted its holdings in Standex Int’l Corp. (NYSE:SXI) by 13.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,804 shares of the industrial products company’s stock after buying an additional 561 shares during the period. Barclays PLC’s holdings in Standex Int’l were worth $459,000 as of its most recent SEC filing.
Top 10 Performing Stocks To Invest In 2021: Globalstar Inc.(GSAT)
Globalstar, Inc. provides mobile voice and data communications services through satellite worldwide. The company offers various communications services, including fixed voice and data satellite communications services; and satellite data modem services for asset-tracking applications, which enables customers to control directly their remote assets and perform complicated monitoring activities. It also offers duplex two-way transmission products comprising GSP-1720 satellite voice and data modem boards, which enable resellers to integrate the satellite modem processing with the specific application; SPOT satellite GPS messenger for tracing geographically, or mapping the location of individuals or equipment; and SPOT satellite communicators. In addition, Globalstar, Inc. provides SPOT HUG, a device for monitoring of a boat’s location, status of the operations, engine, pumps, hatch, and door status, as well as valuables onboard; SPOT Connect, a one-way messaging device that s ends messages through the company?s satellite network from smartphone or other smart devices, such as tablets; and simplex one-way transmission products. The company sells its products primarily to government; public safety and disaster relief; recreation and personal; oil and gas; maritime and fishing; natural resources, mining, and forestry; construction; utilities; and transportation markets. Globalstar, Inc. distributes its products through independent agents, dealers, and resellers, as well as independent gateway operators. It operates approximately 34 in-orbit satellites and 25 ground stations. The company was founded in 2003 and is headquartered in Covington, Louisiana.
- [By Paul Ausick]
Globalstar Inc. (NYSEAMERICAN: GSAT) traded down about 6% Tuesday and posted a new 52-week low of $0.47 after closing Monday at $0.50. The stock’s 52-week high is $2.30. Volume totaled about 4.3 million, about 20% below the daily average of around 5.4 million. The company had no specific news.
- [By Paul Ausick]
Globalstar Inc. (NYSEAMERICAN: GSAT) traded down about 5.9% Monday and posted a new 52-week low of $0.48 after closing Friday at $0.51. The stock’s 52-week high is $2.30. Volume totaled about 4.4 million, about 20% below the daily average of around 5.4 million. The company had no specific news.
- [By Paul Ausick]
Globalstar Inc. (NYSEAMERICAN: GSAT) traded down about 2% Friday and posted a new 52-week low of $0.49 after closing Thursday at $0.50. The stock’s 52-week high is $2.30. Volume totaled about 4.2 million, almost 20% below the daily average of around 5.4 million. The company had no specific news.
Top 10 Performing Stocks To Invest In 2021: Gulfport Energy Corporation(GPOR)
Gulfport Energy Corporation engages in the exploration, development, and production of oil and natural gas properties. Its principal properties are located in the Louisiana Gulf Coast, in west Texas in the Permian Basin and in western Colorado in the Niobrara Formation. The company also holds acreage position in the Alberta oil sands in Canada; and interests in entities that operate in southeast Asia, including the Phu Horm gas field in Thailand, as well as leasehold interests in the Utica Shale in eastern Ohio. As of December 31, 2011, it had 19.4 million barrels of oil equivalent of proved reserves. The company is headquartered in Oklahoma City, Oklahoma.
- [By Logan Wallace]
Great Portland Estates (LON: GPOR) has recently received a number of price target changes and ratings updates:
2/19/2019 – Great Portland Estates had its “hold” rating reaffirmed by analysts at Liberum Capital. 2/13/2019 – Great Portland Estates had its price target raised by analysts at Morgan Stanley from GBX 690 ($9.02) to GBX 700 ($9.15). They now have an “underweight” rating on the stock. 2/13/2019 – Great Portland Estates is now covered by analysts at Berenberg Bank. They set a “sell” rating and a GBX 600 ($7.84) price target on the stock. 2/8/2019 – Great Portland Estates had its “hold” rating reaffirmed by analysts at Liberum Capital. 2/6/2019 – Great Portland Estates had its “hold” rating reaffirmed by analysts at Peel Hunt. 1/25/2019 – Great Portland Estates was downgraded by analysts at Citigroup Inc to a “sell” rating. They now have a GBX 592 ($7.74) price target on the stock, down previously from GBX 691 ($9.03). 1/25/2019 – Great Portland Estates had its price target lowered by analysts at Goldman Sachs Group Inc from GBX 662 ($8.65) to GBX 633 ($8.27). They now have a “neutral” rating on the stock. 1/23/2019 – Great Portland Estates had its “hold” rating reaffirmed by analysts at Peel Hunt. 1/23/2019 – Great Portland Estates had its “hold” rating reaffirmed by analysts at Liberum Capital. 1/9/2019 – Great Portland Estates had its “hold” rating reaffirmed by analysts at Liberum Capital.
Great Portland Estates stock opened at GBX 727.60 ($9.51) on Wednesday. Great Portland Estates PLC has a twelve month low of GBX 582 ($7.60) and a twelve month high of GBX 702 ($9.17).
- [By Shane Hupp]
Gulfport Energy Co. (NASDAQ:GPOR) saw some unusual options trading activity on Monday. Stock investors bought 43,045 call options on the stock. This is an increase of approximately 1,866% compared to the typical volume of 2,190 call options.
- [By Stephan Byrd]
Get a free copy of the Zacks research report on Gulfport Energy (GPOR)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Logan Wallace]
Gulfport Energy Co. (NASDAQ:GPOR)’s share price dropped 5.8% during mid-day trading on Monday . The company traded as low as $11.05 and last traded at $11.08. Approximately 4,665,100 shares changed hands during mid-day trading, an increase of 12% from the average daily volume of 4,180,185 shares. The stock had previously closed at $11.76.
Top 10 Performing Stocks To Invest In 2021: Sina Corporation(SINA)
SINA Corporation provides online media and mobile value-added services (MVAS) in the People?s Republic of China. It provides advertising, non-advertising, and free services through SINA.com, Weibo.com, and SINA Mobile. SINA.com offers free interest-based channels that provide region-focused format and content, including news, sports, automobile-related news, finance, entertainment, luxury, technology, digital, tools, collectibles, video, music, and wireless application protocol, as well as interactive platform for fashion-conscious users to share comments and ideas on a range of topics, such as health, cosmetics, and beauty. The company’s microblogging platform, Weibo.com, enables its users to follow the hottest topics being discussed online, as well as discussions related to people they know. Weibo accounts consist of celebrities, commercial enterprises, government entities, and grass root Internet users. Its SINA Mobile service allows users to receive news and informatio n, download ring tones, mobile games and pictures, and participate in dating and friendship communities. The company also offers SINA Game, which serves as an interactive platform that provides users with downloads and gateway access to popular online games; SINA eReading, a shop for book reviews; SINA.net, an enterprise solutions platform to assist businesses and government bodies; and SINA Mall, an online shopping Website. In addition, it provides a platform for Chinese bloggers; photo-sharing platform; free email, VIP mail, and corporate email for enterprise users; audio and video-based instant messaging tools; proprietary search technology; and classified advertising services, as well as hosts topic-specific discussion forums in Chinese language; and creates user-maintained and supported online communities. The company has strategic cooperation agreement with China Unicom (Hong Kong) Limited. SINA Corporation was founded in 1997 and is headquartered in Shanghai, the Peop le?s Republic of China.
- [By Leo Sun]
Shares of SINA (NASDAQ:SINA) recently stumbled after the Chinese tech company posted soft fourth-quarter numbers. Its non-GAAP revenue rose 14% annually to $570.4 million but missed expectations by $3 million. On a GAAP basis, its revenue also rose 14% to $573 million.
- [By Motley Fool Transcribing]
Sina (NASDAQ:SINA) Q4 2018 Earnings Conference CallMarch 5, 2019 7:10 a.m. ET
Prepared Remarks Questions and Answers Call Participants
Top 10 Performing Stocks To Invest In 2021: American International Group Inc.(AIG)
American International Group, Inc. is an international insurance organization. The company operates property and casualty insurance networks worldwide and conducts activities in the U.S. life insurance and retirement services industry. It also involves in commercial aircraft leasing and residential mortgage guaranty insurance businesses. The company, through Chartis Inc., provides various property and casualty insurance products under commercial and consumer categories worldwide. These products include surplus lines, executive liability/directors? and officers? liability, employment practices, excess casualty, and travel/assistance lines. American International Group, through SunAmerica Financial Group, offers a suite of life insurance and retirement products and services, including term life, universal life, accident and health, fixed and variable deferred annuities, fixed payout annuities, mutual funds, and financial planning products and services to individuals and grou ps in the United States. The company, through International Lease Finance Corporation, operates as an aircraft lessor that acquires commercial jet aircraft from various manufacturers and other parties, and leases those aircraft to airlines worldwide. It also sells aircraft from its fleet to other leasing companies, financial services companies, and airlines, as well as provides management services to third-party owners of aircraft portfolios. American International Group, through United Guaranty Corporation, issues residential mortgage guaranty insurance that covers mortgage lenders from the first loss for credit defaults on high loan-to-value conventional first-lien mortgages for the purchase or refinance of one- to four-family residences in the U.S. and internationally. The company was founded in 1967 and is based in New York, New York.
- [By Matthew Frankel, CFP]
At the time of the financial crisis, American International Group (NYSE:AIG) was the world’s largest insurance company. Unfortunately, losses on its mortgage-related investments and some other assets led to major liquidity concerns by the fall of 2018, and the company’s survival was questionable. It was ultimately decided that AIG was “too big to fail,” so the federal government authorized a series of massive credit lines to keep the company afloat.
- [By Matthew Frankel, CFP]
Today marks 10 years to the day since the Treasury Department and the Federal Reserve announced a restructuring of insurance giant AIG (NYSE:AIG). Here’s a look back at the key events that led up to the government-assisted restructuring, as well as a quick look at how AIG is doing a decade later.
Top 10 Performing Stocks To Invest In 2021: Kenon Holdings Ltd.(KEN)
Kenon Holdings Ltd. (Kenon), incorporated on March 1, 2014, is a holding company that operates primarily growth-oriented businesses. The Company’s segments include I.C. Power Asia Development Ltd (IC Power), Qoros Automotive Co., Ltd. (Qoros) and Other. IC Power through its subsidiary companies, is engaged in the production, operation and sale of electricity in countries in Latin America, the Caribbean region and Israel. Qoros is an automotive company. Its other activities include shipping services and renewable energy businesses. The Company also holds interests in ZIM Integrated Shipping Services, Ltd. (ZIM), which is a provider of container shipping services, and Primus Green Energy, Inc. (Primus), which is a developer and owner of a natural gas-to-liquid technology process.
IC Power is an owner, developer and operator of power generation facilities, and operates power distribution business. The power generation companies within IC Power’s portfolio utilize a range of fuels, including natural gas, hydroelectric, diesel and wind. IC Power’s generation companies have an installed capacity and proportionate capacity of approximately 2,660 megawatts (MW) and 2,170 MW, respectively. In the Latin American and Caribbean markets that IC Power serves, the power utility market regulation allows for the sale and delivery of power from power generators (private or state-owned) to distribution companies (private or state-owned) and to non-regulated consumers. In the countries in which IC Power’s generation businesses operate, there is typically structural segregation between the companies involved in power generation and the companies involved in power transmission and distribution.
IC Power has operations in Peru, the Dominican Republic, Bolivia, El Salvador, Chile, Jamaica, Nicaragua, Colombia, Guatemala and Israel. The installed capacity in Israel is approximately 16,790 MW, of which over 10,640 MW is fueled by natural gas. Nicaragua’s interconnected power system has an installed ca! pacity of approximately 1,060 MW, consisting of thermal, wind, hydroelectric, geothermal and biomass power stations. Guatemala’s interconnected power system has an installed capacity of approximately 3,170 MW, consisting of hydro, thermal and other technologies. Panama’s interconnected power system has an installed capacity of approximately 2,840 MW, mainly consisting of hydro, thermal, coal and other technologies. Thermal plants in Bolivia have capacity of approximately 1,450 MW and hydroelectric plants in Bolivia have a capacity of approximately 480 MW. Colombia’s interconnected power system has an installed capacity of approximately 16,340 MW.
IC Power owns approximately 75% of Kallpa Generacion S.A. (Kallpa); 75% of Cerro del Aguila (CDA), and approximately 75% of Samay I. IC Power’s operations in Nicaragua are carried out through IC Power Nicaragua Holdings (ICPNH). IC Power owns approximately 100% of Puerto Quetzal Power L.L.C. (Puerto Quetzal), which represents its initial entry into the Guatemalan power generation market. IC Power owns over 100% of Nejapa Power Company S. de R.L. (Nejapa) in El Salvador, and owns approximately 100% of Kanan Overseas I. Inc. (Kanan).
Qoros offers approximately three vehicle models, which include the Qoros 3 Sedan, the Qoros 3 Hatch and the Qoros 3 City SUV, and also offers model versions of the Qoros 3 Sedan, the Qoros 3 Hatch and the Qoros 3 City SUV. ZIM is a global container liner company that operates in various markets. ZIM operates a global network of approximately 60 weekly lines, calling at approximately 170 ports in approximately 70 countries. ZIM’s network includes strategically located hubs and regional feeder lines to increase geographical coverage. Within ZIM’s global network, ZIM offers a range of services, including land transportation and logistical services, as well as specialized shipping solutions, such as the transportation of out-of-gauge cargo, refrigerated cargo and hazardous cargo. Primus’ business consists of thr! ee primar! y activities: Methanol Production, Gasoline Production and Gas Flaring Solutions.
The Company competes with IEC, Dorad Energy Ltd., ExxonMobil MTG and Haldor Topsoe TIGAS.
- [By Ethan Ryder]
Golden Ocean Group (NASDAQ: GOGL) and Kenon (NYSE:KEN) are both small-cap transportation companies, but which is the better investment? We will compare the two businesses based on the strength of their analyst recommendations, institutional ownership, profitability, risk, dividends, valuation and earnings.
- [By Joseph Griffin]
Nordic American Tanker (NYSE: NAT) and Kenon (NYSE:KEN) are both small-cap transportation companies, but which is the superior stock? We will compare the two companies based on the strength of their earnings, institutional ownership, risk, analyst recommendations, valuation, dividends and profitability.
- [By Joseph Griffin]
Kenon (NYSE: KEN) and Odyssey Marine Exploration (NASDAQ:OMEX) are both small-cap utilities companies, but which is the superior business? We will contrast the two businesses based on the strength of their profitability, valuation, analyst recommendations, earnings, institutional ownership, risk and dividends.
- [By Logan Wallace]
Kenon (NYSE: KEN) and Brookfield Infrastructure Partners (NYSE:BIP) are both utilities companies, but which is the better business? We will contrast the two businesses based on the strength of their valuation, risk, earnings, dividends, analyst recommendations, institutional ownership and profitability.
Top 10 Performing Stocks To Invest In 2021: CPFL Energia S.A.(CPL)
CPFL Energia S.A., together with its subsidiaries, generates, transmits, distributes, and commercializes electricity to industrial, residential, commercial, rural, and other consumers; and provides energy-related services in Brazil. The company generates electricity through hydroelectric, thermoelectric biomass, solar energy, and wind power plants. It also manufactures, commercializes, rents, and maintains electro-mechanical equipment; and provides administrative, call center, IT, collection, telecommunication, energy transmission, and energy efficiency management services, as well as maintenance services for energy generation companies. As of December 31, 2015, the company distributed electricity to approximately 7.8 million consumers; and had installed capacity of approximately 3,164 megawatts, as well as 247,422 kilometers of distribution lines, including 369,526 distribution transformers. CPFL Energia S.A. was founded in 1998 and is headquartered in São Paulo, Brazil.
- [By Logan Wallace]
Tenaga Nasional Bhd (OTCMKTS:TNABY) and CPFL Energia (NYSE:CPL) are both utilities companies, but which is the better investment? We will contrast the two companies based on the strength of their dividends, institutional ownership, earnings, valuation, profitability, analyst recommendations and risk.
- [By Logan Wallace]
CPFL Energia (NYSE:CPL) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.
- [By Stephan Byrd]
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Edited Transcript of CPFE3.SA earnings conference call or presentation 21-Aug-18 2:00pm GMT (finance.yahoo.com) CPFL Energia S.A. Sponsored ADR to Host Earnings Call (finance.yahoo.com) CPFL Energia S.A. (CPL) Q2 2018 Earnings Conference Call Transcript (fool.com) Azure Power Global (AZRE) vs. CPFL Energia (CPL) Head-To-Head Analysis (americanbankingnews.com)
Separately, ValuEngine lowered CPFL Energia from a “hold” rating to a “sell” rating in a research report on Thursday, May 17th.
- [By Motley Fool Transcribers]
CPFL Energia S.A. (NYSE:CPL)Q2 2018 Earnings Conference CallAug. 21, 2018, 10:00 a.m. ET
Prepared Remarks Questions and Answers Call Participants