Top Promising Stocks To Watch Right Now

[ June 14, 2013 | Author: Admin | Weather: | Mood: normal]

Things didn’t look promising at the beginning of Friday. The Dow Jones Industrial Average (DJINDICES: ^DJI  ) started out considerably lower, only to sink further roughly an hour before lunch. Yet, somehow, someway, the blue-chip index mounted an ascent, to finish the day at almost the same place it started.

The conversation throughout much of the morning centered around two things. First, the Commerce Department reported that retail sales fell last month by 0.4%; economists surveyed by Bloomberg expected the figure to come in flat. And second, the University of Michigan’s consumer sentiment survey tanked for the month of April, suggesting that Americans feel worse about the economy than had been anticipated.

The earnings releases from two of the nation’s largest lenders, JPMorgan Chase (NYSE: JPM  ) and Wells Fargo (NYSE: WFC  ) were, perhaps, even more important. Make no mistake about it — these companies had absolutely monster quarters. Wells Fargo earned $5.2 billion. That was an all-time record for the San Francisco-based bank. Meanwhile, JPMorgan’s net income soared by 33%, and its mortgage origination volume shot up by 37%.

Top Promising Stocks To Watch Right Now: IG GROUP HLDGS ORD GBP0(IGG.L)

IG Group Holdings plc operates as a financial spread betting company worldwide. The company offers financial spread bets and contracts for difference on forex, stock indices, shares, commodities, binaries, options, interest rates, and other financial markets; fixed odd bets on financial markets; and margined forex and binary options. It is also involved in spread bets and fixed odds bets on sporting and other events, as well as operates a regulated futures and options exchange. In addition, the company engages in the operation of an online casino; margin trading and futures brokerage; and software development. It offers its products and services primarily to retail clients, market professionals, and corporate entities. The company was founded in 1974 and is headquartered in London, the United Kingdom.

Top Promising Stocks To Watch Right Now: Trio Gold Corp (TGK.V)

Trio Gold Corp., a junior mining company, engages in the acquisition, maintenance, exploration, and development of mineral properties in the United States. It primarily focuses on gold, silver, and copper mining properties. The company holds a 100% interest Rodeo Creek property that consists of 29 contiguous mineral claims covering an area of approximately 547 acres located in Elko County, Nevada. Trio Gold Corp. was founded in 1977 and is based in Calgary, Canada.

Top 10 Gold Stocks To Invest In Right Now: Seair Inc. (SDS.V)

Seair Inc. develops and sells diffusion technologies in North America and internationally. The company offers diffusion systems, sterilizer systems, and wastewater treatment plants, as well as accessories, including oxygen concentrators, oxygen generators, and ozone generators. It develops equipment that diffuses gases, such as Oxygen, Ozone, and CO2 into a liquid. The company also owns and operates a fleet of rental portable wastewater treatment units primarily for performing sewage treatment at remote campsites in Alberta, Canada. Seair Inc. offers its systems for use in various industries comprising waste/ water treatment, pulp and paper, aquaculture, agriculture/ horticulture, sterilization, golf course irrigation and pond treatment, animal enhancement, and oil and gas industries. The company was founded in 1998 and is headquartered in Edmonton, Canada.

Top Promising Stocks To Watch Right Now: NYSE Euronext Inc.(NYX)

NYSE Euronext, through its subsidiaries, operates securities exchanges. It operates various stock exchanges, including the New York Stock Exchange (NYSE), NYSE Arca, Inc., and NYSE Amex LLC in the United States; and five European-based exchanges that comprise Euronext N.V. ? the Paris, Amsterdam, Brussels, and Lisbon stock exchanges, as well as the NYSE Liffe derivatives markets in London, Paris, Amsterdam, Brussels, and Lisbon. The company?s Derivatives segment provides access to trade execution in derivatives products, options, and futures; offers clearing services for derivative products; and sells and distributes market data and related information. NYSE Euronext?s Cash Trading and Listings segment engages in offering access to trade execution in cash trading and settlement of transactions in European markets; obtaining new listings and servicing existing listings; selling and distributing market data and related information; and providing regulatory services. Its Info rmation Services and Technology Solutions segment operates sell side and buy side connectivity networks for its markets and for other market centers, and market participants in the United States, Europe, and Asia; provides trading and information technology software and solutions; sells and distributes market data and related information to data subscribers for proprietary data products; and offers asset management services, and consultancy services to exchanges and liquidity centers. The company is headquartered in New York, New York.

Top Promising Stocks To Watch Right Now: Aspen Technology Inc.(AZPN)

Aspen Technology, Inc., together with its subsidiaries, provides integrated process optimization software solutions for manufacturers in process industries, and engineering and construction firms. It designs and develops aspenONE suite software applications for use in the engineering, manufacturing, and supply chain business areas. The company?s aspenONE engineering software includes Aspen Plus and Aspen HYSYS, which are process modeling software products for conceptual design, optimization, and performance monitoring; Aspen Basic Engineering, a workflow tool that allows engineers to build, re-use, and share process models and data; Aspen Economic Evaluation, an economic evaluation software for estimating costs of conceptual process designs; and Aspen Exchanger Design and Rating, a software used to design, simulate, and optimize the performance of heat exchangers. Its aspenONE manufacturing software comprises Aspen InfoPlus.21, a data historian software that collects and s tores data for analysis and reporting; and Aspen DMCplus, a multi-variable controller software capable of processing multiple constraints. The company?s aspenONE supply chain software products comprise Aspen Collaborative Demand Manager, Aspen Petroleum Scheduler, Aspen PIMS, Aspen Plant Scheduler, Aspen supply chain planner, Aspen Inventory Management & Operations Scheduling, Aspen Petroleum Supply Chain Planner, and Aspen Fleet Optimizer that are designed to enable process manufacturers to reduce inventory levels, increase asset efficiency, and optimize supply chain decisions. It also offers customer support, professional, and training services. The company serves manufacturers in process industries, such as energy, chemicals, pharmaceuticals, consumer packaged goods, power, metals and mining, pulp and paper, and bio-fuels, as well as engineering and construction firms. Aspen Technology, Inc. was founded in 1981 and is headquartered in Burlington, Massachusetts.

Top Promising Stocks To Watch Right Now: Wynn Resorts Limited(WYNN)

Wynn Resorts, Limited, together with its subsidiaries, engages in the development, ownership, and operation of destination casino resorts. The company owns and operates Wynn Las Vegas casino resort in Las Vegas, which includes approximately 22 food and beverage outlets comprising 5 dining restaurants; 2 nightclubs; 1 spa and salon; 1 Ferrari and Maserati automobile dealership; wedding chapels; an 18-hole golf course; meeting space; and foot retail promenade featuring boutiques. Wynn Las Vegas casino resort also features approximately 147 table games, 1 baccarat salon, private VIP gaming rooms, 1 poker room, 1,842 slot machines, and 1 race and sports book. It also owns and operates an Encore at Wynn Las Vegas resort, a destination casino resort located adjacent to Wynn Las Vegas that features a 2,034 all-suite hotel, as well as a casino with 95 table games, 1 sky casino, 1 baccarat salon, private VIP gaming rooms, and 778 slot machines. In addition, the company operates Wyn n Macau casino resort located in the Macau Special Administrative Region of the People?s Republic of China. Wynn Macau casino resort features approximately 595 hotel rooms and suites, 410 table games, 935 slot machines, 1 poker room, 1 sky casino, 6 restaurants, 1 spa and salon, lounges, meeting facilities, and retail space featuring boutiques. Further, it operates Encore at Wynn Macau resort located adjacent to Wynn Macau. Encore at Wynn Macau resort features approximately 410 luxury suites and 4 villas, as well as casino gaming space, including a sky casino consisting of 60 table games and 80 slot machines, 2 restaurants, 1 luxury spa, and retail space. The company was founded in 2002 and is based in Las Vegas, Nevada.

Advisors’ Opinion:

  • [By Carlson]

    Wynn Resorts(WYNN) saw its second-quarter profit more than double, but most of that strength came from casino wins, and investors were unimpressed.

    During the quarter, the casino operator earned $52. 4 million, or 52 cents a share, on revenue of $1.03 billion, higher than forecasts of 42 cents on revenue of $992.3 million. This compares with a profit of $25.5 million, or 21 cents, on revenue of $723.3 million, in the year-ago period.

    Wynn had already pre-announced disappointing results for its Las Vegas properties, citing higher costs, including employee health care and benefits, and marketing expenses. Its operating loss for its Wynn Las Vegas and Encore widened to $17.2 million from $8.3 million last year. Revenue rose 1.7% to $318 million.

    Occupancy at the Wynn Las Vegas jumped to 92.6% from 86.6% a year earlier, but revenue per available room fell 3.2%.

    Still, management indicated that there is a slight improvement on the Strip, with an incr ease in forward group bookings and some bright spots for the ability to yield rates. But management tempered enthusiasm by saying there are some struggles and uncertainty in the marketplace.

    "We hope for continued improvement in Las Vegas or — let me put it different, we hope that we’ll get smarter in Las Vegas in dealing with the peculiarities of this market –and this very, very mercurial, national economic market we’re living with," said Steve Wynn, chief executive, in a conference call. "The national economy and the political environment in the country as we head up to the elections [is] very, very touchy. And it is impacting all businesses."

    The biggest boost, of course, came from Macau, where revenue surged 74% to $714.4 million from $410.4 million last year.

    The company opened its Encore Macau in the spring, boosting its market share to about 16% from about 13%, Sterne Agee analyst David Bain wrote in a note.

    Wynn is in the process of working on a new development on the Cotai st! rip, which should spike investors’ interest as more details are revealed in the coming quarters.

    Still, investors are concerned that as comparisons get harder in Macau, and second-quarter results are adjusted for hold (how much the casino won), Wynn may not be able to outperform. But Bain reassures, "this has been discussed as nauseam by investors, sell-side analysts, the press — and even dinner-table relatives — for some time. We believe the Street is underestimating the summer months in Macua, which may help to produce a new leg up for Macau stories, with Wynn being the most profitable on a per position basis."

  • [By Jeanine Poggi]

    Wynn Resorts’(WYNN) run up of more than 55% this year has caused Wall Street to question its valuation.

    Currently, eight analysts have a buy rating on Wynn, 16 say hold, two rate it underperform rating and one says to sell the stock.

    "With little on the growth horizon in the intermediate term, new competition from Cotai coming in 2011 and 2012 … and the unclear timing of a true recovery in Las Vegas, we see few catalysts not yet priced-in to pull valuation higher than current levels," Bain wrote in a note following its third-quarter earnings report.

    During the quarter, Wynn lost $33.5 million, or 27 cents a share, compared with a profit of $34.2 million, or 28 cents, in the year-ago period. The loss was attributed to charges related to servicing its debt. On an adjusted basis, Wynn actually earned 39 cents, matching Wall Street’s outlook.

    Total Revenue grew to $1 billion from $773.1 million, better than the $990.8 million analysts pr edicted.

    In Macau, Wynn reported a 50% surge in revenue to $671.4 million, while EBITDA was $198 million, up 54.5% from $128.2 million in the third quarter of 2009. Earlier in the year the company opened its $600 million Wynn Encore Macau, which added 414 rooms to the market.

    Looking ahead, Wynn expects to break ground on its Cotai development in early 2011. The $2 billion to $3 billion project is slated to open in 2015, and management said it would provide additional details following its fourth-quarter earnings report.

    In Las Vegas, CEO Steve Wynn says the Strip is on the road to recovery. "I believe we have seen the bottom in Las Vegas," he said during the company’s third-quarter conference call. "I don’t know how fast it is going to get better but it isn’t going to get any worse."

    Las Vegas revenue inched up 3.1% to $334.5 million during the three-month period, and EBITDA grew 9.3% to $76.5 million.

    Wynn also issued a cash dividend of $8 a share payable on Dec. 7 to sharehold! ers of record on Nov. 23.

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