The heyday for refiners is far from over, says Igor Greenwald of Personal Finance, who discusses a couple of names from the industry that still have great potential.
Record refining profits are showing no letup. We're taking advantage of this multi-year window to add HollyFrontier (HFC) and Tesoro (TSO).
Tesoro has been the standout year-to-date with a gain of 29%. Meanwhile, HollyFrontier is the clear refining laggard, with a 41% one-year gain, and now down year-to-date. Despite its startlingly strong fundamentals, HollyFrontier has been plagued by fears that its future isn't as rosy as its past.
Investors are obsessed with the titanic efforts to move the millions of barrels of crude flowing out of tight oil formations in the North American interior to the largest and most complex refineries on the Gulf Coast. The effort is already driving up costs for HollyFrontier, whose mid-continent refineries used to have fewer viable competitors for the cheapest crude feedstock.
Top 10 Canadian Companies To Watch In Right Now: Progress Software Corporation(PRGS)
Progress Software Corporation operates as an enterprise software company worldwide. Its products include Progress OpenEdge platform, which offers development tools, application servers, application management tools, and an embedded database; Progress Orbix to address enterprise integration problems with standards-based solutions; and Progress ObjectStore, an object data management system to store data faster than relational database management system or file-based storage system. The company?s products also comprise Progress Responsiveness Process Management suite for business users; Progress Control Tower, an interactive business control panel; Progress Sonic, which comprises an enterprise messaging system and the enterprise service buses; Progress Actional that provides operational and business visibility, root cause analysis, and policy-based security and control of services; Progress Apama, which offers tools for creating, testing, and deploying strategies for applicat ions, including algorithmic trading, market aggregation, smart order routing, market surveillance and monitoring, and risk management; Progress Savvion BusinessManager, a business process management software; and Fuse products that provide customers with access to professional open source integration and messaging software. In addition, it offers Progress DataDirect Connect products, which provide data connectivity components; Progress DataDirect Shadow to provide foundation architecture for standards-based mainframe integration; and Progress Data Services product set that offers data integration for distributed applications. Further, the company provides maintenance, consulting, training, and customer support services. Progress Software Corporation sells its products to independent software vendors, original equipment manufacturers, and system integrators through direct sales force and independent distributors. The company was founded in 1981 and is based in Bedford, Massac husetts.
Advisors' Opinion:- [By John Kell and Lauren Pollock var popups = dojo.query(".socialByline .popC"); ]
Progress Software Corp.'s(PRGS) fiscal first-quarter profit fell 64% as the business-software provider’s revenue slipped due to the timing of certain deal closures.
- [By Jake L'Ecuyer]
Progress Software (NASDAQ: PRGS) shares tumbled 10.11 percent to $22.82 after the company issued a weak Q1 forecast.
21Vianet Group (NASDAQ: VNET) was down, falling 6.18 percent to $25.94 on Q4 results.
- [By Garrett Cook]
In trading on Friday, technology shares were relative leaders, up on the day by about 0.15 percent. Top gainers in the sector included Aware (NASDAQ: AWRE), up 15.9 percent, and Progress Software (NASDAQ: PRGS), up 10.5 percent.
Top 5 Cheap Stocks To Buy Right Now: Ford Motor Credit Company(F)
Ford Motor Company primarily develops, manufactures, distributes, and services vehicles and parts worldwide. It operates in two sectors, Automotive and Financial Services. The Automotive sector offers vehicles primarily under the Ford and Lincoln brand names. This sector markets cars, trucks, and parts through retail dealers in North America, and through distributors and dealers outside of North America. It also sells cars and trucks to dealers for sale to fleet customers, including daily rental car companies, commercial fleet customers, leasing companies, and governments. In addition, this sector provides retail customers with a range of after-sale vehicle services and products in the areas, such as maintenance and light repair, heavy repair, collision repair, vehicle accessories, and extended service contracts under the Ford Service, Lincoln Service, Ford Custom Accessories, Ford Extended Service Plan, and Motorcraft brand names. The Financial Services sector offers vari ous automotive financing products to and through automotive dealers. It offers retail financing, which includes retail installment contracts for new and used vehicles; direct financing leases; wholesale financing products that comprise loans to dealers to finance the purchase of vehicle inventory; loans to dealers to finance working capital, purchase real estate dealership, and/or make improvements to dealership facilities; and other financing products, as well as provides insurance services. Ford Motor Company was founded in 1903 and is based in Dearborn, Michigan.
Advisors' Opinion:- [By WALLSTCHEATSHEET]
Ford is a well-established vehicle products and services producer distributed in a multitude of countries across the globe. The company reported fourth quarter earnings that left investors pleased. The stock has been trading sideways, but is currently surging higher. Over the past four quarters, earnings and revenues have been rising. Relative to its peers and sector, Ford has been a relative year-to-date performance leader. Look for Ford Motor to OUTPERFORM.
- [By Ben Levisohn]
Is any automaker not recalling cars, now that Ford (F) has announced a recall of its own?
BloombergSure, we all know what’s happening at General Motors (GM), which has recalled 2.6 million cars and could lead to criminal charges. Toyota Motor (TM) has recalled 119,000 Avalons from a decade ago, and Honda Motor (HMC) has recalled nearly 10,000 2014 Honda Civics. Even Tesla Motors (TSLA) had to update its software, even though it refused to call what it did a recall.
Now it’s Ford Motor’s turn. The Detroit News explains:
The Dearborn automaker is calling back about 385,750 model-year 2001-2004 Escape compact SUVs because a subframe could fail because of rust and impact the ability to steer. About 349,000 of those Escapes were sold in the U.S.
In a second, unrelated recall announced Monday, Ford is calling back about 48,950 model-year2013-2014 Ford Fusion, Lincoln MKZ, Ford Escape and C-MAX vehicles to replace seatback frames that do not comply with a NHTSA standard. There are 42,972 vehicles that fall under the recall in the U.S and 4,744 in Canada.
Citigroup’s Itay Michaeli brings us up to date on the damage done at General Motors:
Week-1 results (full analysis in the report) suggest that last week�� GM hearings negatively weighed on consumer views. However, Friday (4/4) data suggested a modest recovery. The results appear consistent with March data in that consumerperceptions suffer meaningfully on negative headlines but then also recover quickly…
This week we��e awaiting a court decision on whether GM might be ordered to issue a ��ark it��order for recalled vehicles awaiting an ignition fix. A negative ruling would mark another escalation. A more positive headline could emerge in late-Apr/early-May if GM were to take further steps to address impacted customers (i.e. fund). The headlines stemming from GM�� internal investigation are less predictable but also present a r
Top 5 Cheap Stocks To Buy Right Now: Bank of America Corporation(BAC)
Bank of America Corporation, a financial holding company, provides banking and nonbanking financial services and products to individuals, small- and middle-market businesses, large corporations, and governments in the United States and internationally. The company?s Deposits segment generates savings accounts, money market savings accounts, certificate of deposits, and checking accounts; and Global Card Services segment provides the U.S. consumer and business card, consumer lending, international card and debit card services. Its Home Loans & Insurance segment offers consumer real estate products and services, including mortgage loans, reverse mortgages, home equity lines of credit, and home equity loans. It also provides property, disability, and credit insurance. The company?s Global Commercial Banking segment offers lending products, including commercial loans and commitment facilities, real estate lending, leasing, trade finance, short-term credit, asset-based lending, and indirect consumer loans; and capital management and treasury solutions, such as treasury management, foreign exchange, and short-term investing options. Its Global Banking & Markets segment provides financial products, advisory services, settlement, and custody services; debt and equity underwriting and distribution, merger-related advisory services, and risk management products; and integrated working capital management and treasury solutions. The company?s Global Wealth & Investment Management segment offers investment and brokerage services, estate management, financial planning services, fiduciary management, credit and banking expertise, and asset management products. Bank of America Corporation serves customers through a network of approximately 5,900 banking centers and 18,000 automated teller machines. It was formerly known as NationsBank Corporation and changed its name on October 1, 1998. Bank of America Corporation was founded in 1874 and is based in Charlott e, North Carolina.
Advisors' Opinion:- [By John Maxfield]
Have you been burned by Bank of America (NYSE: BAC ) ? If so, then you're in good company.
Two weeks ago we published a widely read article about how the nation's second largest bank by assets is alleged to have delayed and denied mortgage modifications to qualified homeowners under the Home Affordable Modification Program, or HAMP. Why would it do such a thing? According to the testimony of a former employee, "the more we delayed the HAMP modification process, the more fees Bank of America would collect." As I noted in a follow-up piece about the bank's abhorrent record for customer service, exorbitant executive salaries don't pay themselves.
- [By John Maxfield]
On the heels of this news, shares of Bank of America (NYSE: BAC ) led the Dow higher, up by 2.2% at the time of writing. As I discussed this morning, the bank has distinguished itself of late by clearing up a number of outstanding legal issues over the last few months. That, as well as its ongoing share buyback program, is bound to push shares of the lender up until its valuation is more in line with competitors such as JPMorgan Chase and Wells Fargo.
Top 5 Cheap Stocks To Buy Right Now: Rent-A-Center Inc.(RCII)
Rent-A-Center, Inc., together with its subsidiaries, primarily engages in leasing household durable goods to customers on a rent-to-own basis. The company?s stores offer durable products, such as consumer electronics, appliances, computers, and furniture and accessories under flexible rental purchase agreements that allow the customer to obtain ownership of the merchandise at the conclusion of an agreed upon rental period. It also provides merchandise on an installment sales basis in its stores. As of December 31, 2010, the company operated 3,008 company-owned stores in the United States, and in Canada, Puerto Rico, and Mexico, including 42 retail installment sales stores under the names ?Get It Now? and ?Home Choice?; and 18 rent-to-own stores located in Canada under the ?Rent-A-Centre? name. It also operates 209 franchised rent-to-own stores in 32 states under the ColorTyme trade name; and 384 kiosk locations under the ?RAC Acceptance? model. In addition, the company, th rough its ColorTyme?s franchised stores, offers custom rims and tires for sale or rental under the trade names ?RimTyme? or ?ColorTyme Custom Wheels?. Rent-A-Center, Inc. was founded in 1986 and is headquartered in Plano, Texas.
Advisors' Opinion:- [By Garrett Cook]
Rent-A-Center (NASDAQ: RCII) shares tumbled 11.08 percent to $25.83 after the company issued a downbeat guidance for the second quarter. The company expected adjusted earnings of $0.36 to $0.38 per share on revenue of around $773 million.
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