Many things have recovered since the Great Recession's lows of 2009: The�S&P 500 (SNPINDEX: ^GSPC ) passed its record high of 1565 earlier this year, the unemployment rate sits at 7.6% after slowly having floated down from its recessionary high of 10%, and even the housing market in Phoenix posted a 22% gain year over year.
But one industry continues to languish according to its own index: dry shipping. This industry just can't find its footing in the new post-recession world, with its Baltic Dry Index sitting at just a tenth of its boom-time high.
Just what is the Baltic Dry Index? Does its fall mean investors have a chance to grab a piece of a future recovery for cheap? To find out, let's look at why it bubbled up in the first place.
Built in 2012, the Los Angeles is owned by Diana Shipping. Photo courtesy of Diana Shipping.
Seasick
The Baltic Dry Index measures the average price to ship raw materials around the world by sea. From 2005 to 2008, the index jumped from under 2,000 to over 11,000. And now, it sits at just 1,150:
10 Best Shipping Stocks To Invest In 2015: Jos. A. Bank Clothiers Inc.(JOSB)
Jos. A. Bank Clothiers, Inc. engages in designing, manufacturing, retailing, and direct marketing men?s tailored and casual clothing and accessories in the United States. The company?s product offerings include tuxedos, suits, shirts, vests, ties, sport coats, pants, sportswear, overcoats, sweaters, belts and braces, socks, and underwear. It sells its products primarily under the Jos. A. Bank label through its own and franchised stores, and catalogs, as well as the Internet at josbank.com. The company also sells branded shoes from various vendors. As of April 30, 2011, it operated 515 retail stores, which consists of 489 company-owned full-line stores, 12 company-owned outlet and factory stores, and 14 stores owned and operated by franchisees in 42 states and the District of Columbia. The company was founded in 1905 and is based in Hampstead, Maryland.
Advisors' Opinion:- [By Kate Gibson]
Shares of Jos. A. Bank Clothiers Inc. (JOSB) � and Men�� Wearhouse Inc. (MW) � both rallied after Men�� Wearhouse spurned the former�� buyout offer.
- [By Anora Mahmudova]
Shares of Jos. A. Bank Clothiers Inc. (JOSB) � fell 3.7% after The Wall Street Journal reported Sunday that the company is in talks to buy fellow apparel retailer Eddie Bauer, citing sources. Jos. A. Bank and Men�� Wearhouse Inc. (MW) �have been locked in a monthslong battle to buy each other out. Shares in Men�� Wearhouse slid 6.2%.
- [By Terri Stridsberg]
In fact, the security reached its own multi-year peak of $52.72 just last week, after the specialty retailer made a bid for rival Jos. A. Bank Clothiers (JOSB).
10 Best Shipping Stocks To Invest In 2015: Dollar Tree Inc.(DLTR)
Dollar Tree, Inc. operates discount variety stores in the United States and Canada. Its stores offer merchandise primarily at the fixed price of $1.00. The company operates its stores under the names of Dollar Tree, Deal$, Dollar Tree Deal$, Dollar Giant, and Dollar Bills. Its stores offer consumable merchandise, including candy and food, and health and beauty care, as well as household consumables, such as paper, plastics, household chemicals, in select stores, and frozen and refrigerated food; variety merchandise, which includes toys, durable housewares, gifts, party goods, greeting cards, softlines, and other items; and seasonal goods, such as Easter, Halloween, and Christmas merchandise. As of April 30, 2011, it operated 4,089 stores in 48 states and the District of Columbia, as well as 88 stores in Canada. The company was founded in 1986 and is based in Chesapeake, Virginia.
Advisors' Opinion:- [By Lawrence Meyers]
This isn�� some growing new industry set to take the world further into the 21st century. It�� an old concept that hasn�� innovated, won�� innovate, and will slowly but surely die out over this century. When I walk into a Walgreens, I see a miniature Target (TGT), a more expensive Dollar Tree (DLTR), and a provider of prescriptions in a world where everything is becoming mail order.
- [By Paul Ausick]
Big Earnings Movers: Target Corp. (NYSE: TGT) is down 3.5% at $64.19. Sears Holdings Corp. (NASDAQ: SHLD) is down 2.9% at $59.93 on a wider loss and tepid outlook. Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) is up 14.1% at $70.57 indicating that investors liked the results posted after markets closed on Wednesday. Dollar Tree Inc. (NASDAQ: DLTR) is down 4.5% at $56.28. Abercrombie & Fitch Inc. (NYSE: ANF) is down 0.1% at $34.97.
- [By Jon C. Ogg]
Dollar Tree Inc. (NASDAQ: DLTR) was maintained as a Buy but was removed from the prized Conviction Buy list at Goldman Sachs.
Duke Energy Corp. (NYSE: DUK) was raised to Buy from Hold with a $79 price target at Argus.
- [By Paul Ausick]
The other stock the firm likes is Dollar Tree Inc. (NASDAQ: DLTR). The company�� shares have lost about 4.6% since reporting an earnings per share (EPS) miss for the third quarter and the Sterne Agee analysts see the lower price as a ��reat entry point��for buying the stock. Dollar Tree raised fiscal year 2013 EPS guidance from a range of $2.66 to $2.77 to a new range of $2.72 to $2.78, effectively raising the mid-point by $0.04. Sterne Agee reiterated its Buy rating on the stock with a price target of $63. Dollar Tree�� shares are trading down nearly 0.4% at $55.99 in a 52-week range of $37.47 to $60.19.
Best India Stocks To Buy Right Now: PowerSecure International Inc (POWR)
PowerSecure International, Inc. provides energy and smart grid solutions to electric utilities and their commercial, institutional, and industrial customers. The company?s products and services include Interactive Distributed Generation power systems, smart grid monitoring for electric utilities, peak shaving and demand response, and standby power dispatch and control products; and switchgear products and systems under the NexGear brand name. It also offers utility infrastructure products and services, including transmission and distribution system construction and maintenance under the UtilityServices brand name; engineering, regulatory consulting, and electric grid system design services under the UtilityEngineering and PowerServices brand names; LED lighting for grocery, drug, and convenience stores under the EfficientLights brand name; other LED-based lighting, including street lights; lighting and efficiency products for commercial and industrial customers under the E nergyLite brand name; and LED lighting and lighting components for OEMs and electronics manufacturers, as well as for commercial, industrial, and consumer lighting applications under the IES brand name. PowerSecure serves electric utilities, as well as commercial, institutional, and industrial customers in the United States, the Mid-Atlantic, the Midwest, and the Gulf Coast regions. The company was formerly known as Metretek Technologies, Inc. and changed its name to PowerSecure International, Inc. in August 2007. PowerSecure International, Inc. was founded in 1991 and is headquartered in Wake Forest, North Carolina.
Advisors' Opinion:- [By John Kell and Lauren Pollock var popups = dojo.query(".socialByline .popC"); ]
PowerSecure International Inc.(POWR) said its revenue soared 57% in the fourth quarter, driven by strong gains in its energy efficiency and utility infrastructure businesses. Shares climbed 12% to $25.80 in light premarket trading.
- [By Monica Gerson]
PowerSecure International (NYSE: POWR) is estimated to post its Q4 earnings at $0.09 per share on revenue of $69.18 million.
CNinsure (NASDAQ: CISG) is projected to post its Q4 earnings at $0.10 per share.
- [By MONEYMORNING]
A good choice here is Power Secure International Inc. (Nasdaq: POWR).
Power Secure International is a leader in combining electricity distribution with enhanced infrastructure protections. POWR is up 43% since being introduced to Energy Inner Circle readers a little over eight months ago.
10 Best Shipping Stocks To Invest In 2015: Twitter (TWTR)
Instantly connect to what's most important to you. Follow your friends, experts, favorite celebrities, and breaking news. TechCrunch is a leading technology media property, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking ... Advisors' Opinion:- [By Anora Mahmudova]
Shares of Twitter Inc. (TWTR) �rose 2.2%.
- [By Monica Gerson]
Twitter (NYSE: TWTR) shares surged to an all-time high of $74.73 during the regular trading session on Thursday. Twitter shares fell 0.08% to $73.25 in after-hours trading.
10 Best Shipping Stocks To Invest In 2015: Visteon Corporation(VC)
Visteon Corporation supplies automotive systems, modules, and components to automotive original equipment manufacturers worldwide. The company offers a range of electronics products, including audio/infotainment systems and components, such as base radio/CD head units, infotainment head units, audiophile systems and amplifiers, rear seat family entertainment systems, digital and satellite radios, HD and DAB broadcast tuners, MACH voice link technology, and connectivity solutions for portable devices; driver information systems comprising instrument clusters and displays to assist driving; and powertrain and feature control modules, including controllers for fuel pumps, transfer cases, tuning valves, and security and voltage regulation systems. It also provides electronic climate controls, such as single zone manual electronic and automatic multiple zone modules, as well as integrated audio and climate control assemblies; and lighting products consisting of headlamps, stop lamps, and fog lamps. In addition, the company offers integrated heating, ventilation, and air conditioning systems, which include evaporators, condensers, heater cores, climate controls, compressors, air handling cases, and fluid transport systems; and components and modules that provide cooling and thermal management for the vehicle?s engine and transmission, as well as for batteries and power electronics on hybrid and electric vehicles. Further, it provides interior products, including cockpit modules, which incorporate structural, electronic, climate control, mechanical, and safety components; door panels/modules and interior trim products; and console modules, which deliver storage options. The company was founded in 2000 and is headquartered in Van Buren Township, Michigan.
Advisors' Opinion:- [By David Sterman]
Auto parts maker Visteon (NYSE: VC) clearly embodies the new thinking about share buybacks. The company announced plans last month to sell its $1.5 billion stake in a joint venture with a Chinese partner. Visteon could have looked to pay down debt or make an acquisition, or simply keep the ($1.2 billion after-tax) proceeds. Instead, almost all of the money will go toward a share buyback that might reduce shares outstanding by 25%.
- [By Seth Jayson]
Visteon (NYSE: VC ) reported earnings on May 9. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Visteon beat expectations on revenues and crushed expectations on earnings per share.
10 Best Shipping Stocks To Invest In 2015: Puma Exploration Inc (PUM)
Puma Exploration Inc. is a mineral exploration company. The Company is engaged in the acquisition and exploration of mining properties with the potential to host base-metal deposits. It is active in Canada and has a portfolio of mining properties. The Company�� properties include Nicholas-Denys, Ann�� Creek property, Turgeon property, Little Stull Lake Property and Ste-Marguerite Property. Its Nicholas-Denys area consists of 239 contiguous claims with a total surface area of 51.94 square kilometers and is 100% owned by the Company. The Company holds 100% mineral rights in Ann�� Creek area, which consists of 117 claims with a total area of 25.44 square kilometers. It holds 71% of the Little Stull Lake property located in the Stull Lake-Edmund Lake volcano-sedimentary belt of the Superior to Manitoba geologic province. The Ste-Marguerite property is located in the Vallee de la Matapedia, in Quebec. Advisors' Opinion:- [By Jonathan Morgan]
HeidelbergCement AG (HEI) added 3.2 percent after JPMorgan Chase & Co. upgraded the shares. Puma SE (PUM) slipped 1.6 percent after Europe�� second-largest sporting-goods maker reported earnings before interest and taxes for the second quarter that missed analysts��estimates.
10 Best Shipping Stocks To Invest In 2015: Banner Corporation(BANR)
Banner Corporation operates as the holding company for Banner Bank and Islanders Bank that provide commercial banking and financial products and services to individuals, businesses, and public sector entities. It generates various deposit instruments, including demand checking accounts, negotiable order of withdrawal accounts, money market deposit accounts, regular savings accounts, certificates of deposit, cash management services, and retirement savings plans. The company also originates commercial business and commercial real estate loans, agricultural business loans, construction and land development loans, one to four-family residential loans, and consumer loans. In addition, it engages in mortgage banking operations primarily through the origination and sale of one to four-family residential loans. As of December 31, 2010, Banner Bank operated 86 branch offices and 7 loan production offices in Washington, Oregon, and Idaho; and Islanders Bank conducted business from 3 locations in San Juan County, Washington. The company was founded in 1890 and is based in Walla Walla, Washington.
Advisors' Opinion:- [By Marc Bastow]
Bank holding company Banner (BANR) raised its quarterly dividend 20% to 18 cents per share, payable April 15 to shareholders or record as of April 7.
BANR Dividend Yield: 1.75%
10 Best Shipping Stocks To Invest In 2015: WiLan Inc (WILN)
WiLAN Inc. (WiLAN), incorporated on May 14, 1992, is a licensing company. WiLAN develops, acquires, and licenses a range of intellectual property that drives products in communications and consumer electronics markets. Through both internal research and development and acquisitions from third parties, the Company has acquired intellectual property in the form of patents and patent applications in many countries that it has licensed to more than 255 companies in telecommunications markets around the world. As of December 31, 2011, WiLAN had a portfolio of approximately 3,000 patents, including issued and pending patents and foreign equivalents. WiLAN has five directly wholly-owned subsidiaries, Wi-LAN Capital Inc. (WiLAN Capital), Wi-LAN International Inc. (WiLAN International), Wi-LAN International Hong Kong Inc. (WiLAN Hong Kong), Wi-LAN International Japan Inc. (WiLAN Japan) and Wi-LAN International Taiwan Inc. In July 2012, it acquired a global portfolio of more than 40 patents and applications from Siemens AG related to telecommunication network management and mobile multimedia. In October 2012, the Company acquired a global portfolio of more than 150 patents and patent applications from Alvarion Ltd. In June 2013, WiLan Inc acquired a portfolio of patents from Cypress Semiconductor Corporation. In November 2013, the Company acquired a portfolio of semiconductor patents from IXYS CH GmbH related to microcontroller technology.
In the Company's licensing business, the Company has signed licenses with companies that sell products utilizing technologies, including CDMA (Code Division Multiple Access-a cellular telecommunications specification); Wi-Fi (the underlying technology of wireless local area networks based on various IEEE 802.11 specifications); WiMAX (Worldwide Interoperability for Microwave Access-a standards-based broadband wireless technology that provides metropolitan area network connectivity based on IEEE 802.16 specifications); LTE (Long Term Evolution-high performance air! interface for cellular mobile communication systems designed to increase the capacity and speed of mobile telephone networks), and ADSL (Asymmetric Digital Subscriber Line-a standards-based access technology that provides broadband Internet access over twisted pair telecommunications wiring). The Company has also signed licenses with companies that sell products utilizing technologies, including DOCSIS (Data Over Cable Service Interface Specifications-a standards-based access technology that provides broadband Internet access over cable networks); Bluetooth (a wireless protocol for exchanging data over short distances between fixed and mobile devices), and V-Chip (a technology that permits the blocking of television programs at a receiver (such as a television, multi-media equipped personal computer or set-top box) by viewers based on ratings information carried on the television signal).
Advisors' Opinion:- [By Rich Duprey]
Often accused of being a patent troll,�non-performing entity�WiLAN� (NASDAQ: WILN ) wrangled a settlement out of Dell (NASDAQ: DELL ) with details of the deal remaining confidential.
- [By Monica Gerson]
Breaking news
Wi-LAN (NASDAQ: WILN) today announced that its Board of Directors has initiated a process to explore and evaluate a broad range of strategic alternatives for the Company to enhance shareholder value. To read the full news, click here. MannKind (NASDAQ: MNKD) today announced that the U.S. Food and Drug Administration (FDA) has acknowledged the resubmission of a New Drug Application (NDA) for AFREZZA庐 (insulin human [rDNA origin]) Inhalation Powder. To read the full news, click here. lululemon athletica (NASDAQ: LULU) today announced that Tara Poseley has been appointed to its Senior Leadership Team as Chief Product Officer. To read the full news, click here. Nice Systems (NASDAQ: NICE) reported a drop in its third-quarter profit. To read the full news, click here.Posted-In: Bank of America FOMC US Stock FuturesNews Eurozone Futures Pre-Market Outlook Markets
10 Best Shipping Stocks To Invest In 2015: ING Prime Rate Trust (PPR)
ING Prime Rate Trust (the Trust) is a diversified closed-end management investment company. The Trust seeks to provide a high a level of current income together with the preservation of capital. It invests least 80% of its net assets, plus the amount of any borrowings for investment purposes, in United States dollar-denominated, floating-rate secured senior loans. It also invests a substantial portion of its assets in below investment-grade senior loans and other below investment-grade assets.
The Trust invests in sectors, such as healthcare, education and childcare; cable; chemicals, plastics and rubber; utilities; printing and publishing; leisure, amusement and entertainment; oil and gas; retail stores; data and Internet services, and beverage, food and tobacco. The Trust�� investment advisor is ING Investments, LLC. ING Prime Rate Trust�� sub-advisor is ING Investment Management Co. and its administrator is ING Funds Services, LLC. ING Investments, LLC, ING Investment Management Co. and ING Funds Services, LLC are indirect, wholly owned subsidiaries of ING Groep N.V.
Advisors' Opinion:- [By Aaron Levitt]
The main reason why investors fled bounds during the taper tantrum is that bond prices have a negative correlation with rising interest rates. The ING Prime Rate Trust (PPR) avoids some of those problems.
- [By John Dowdee]
The following 10 funds satisfied all of these conditions:
BlackRock Float Rate Strategies (FRA). This CEF sells at a discount of 3%, which is low compared to an average premium of 2% over the past year. The distribution has been managed at 6.1% and a small amount (less than 10%) has been return of capital (ROC). However, this has not negatively affected net asset value (NAV) so has not been destructive. The fund holds 447 securities, with 90% in floating rate loans. FRA utilizes 27% leverage and has an expense ratio of 1.7%, including interest payments. Eaton Vance Floating Rate (EFR). This CEF sells at a 1% premium, which is low compared to an average premium of 5% over the past year. The distribution is 6.2%, none of which was ROC. The fund holds 800 securities, with 90% in floating rate loans. About 85% of the securities are from U.S. companies. EFR utilizes 35% leverage and has an expense ratio of 1.8% including interest payments. ING Prime Rate Trust (PPR). This CEF sells for a premium of 2%, which is below the average premium of 5%. It has a distribution of 6.8%, none of which was ROC. The fund has 350 holdings, virtually all in senior loans and from US companies. PPR utilizes 29% leverage and has a high expense ratio of 2.1%, including interest payments. Invesco VK Dynamic Credit Opportunities (VTA). This CEF sells for a discount of 5%, which is below the average discount of 1%. It has a distribution of 7.1%, none of which was ROC. The fund has 495 holdings, with 76% in floating rate loans. About 25% of the loans are from non-US companies. VTA utilizes a relatively low 20% leverage but still has a high expense ratio of 2.1%, including interest payments. Invesco VK Senior Income (VVR). This CEF sells for a discount of 1%, which is below the average premium of 3%. It has a distribution of 7.1%, none of which was ROC. The fund has over 500 holdings, with 89% in floating rate loans. Almost all (95%) securities are from US companies. VVR ut
10 Best Shipping Stocks To Invest In 2015: KLA-Tencor Corporation (KLAC)
KLA-Tencor Corporation engages in the design, manufacture, and marketing of process control and yield management solutions for the semiconductor and related nanoelectronics industries. It offers equipment comprising wafer and integrated circuit (IC) defect monitoring, review, and classification; reticle defect inspection and metrology; packaging and interconnect inspection; critical dimension metrology; pattern overlay metrology; film thickness, surface topography, and composition measurements; measurement of in-chamber process conditions, wafer shape, and stress metrology; computational lithography tools; and yield and fab-wide data management and analysis systems. The company also provides products that serve the high brightness light emitting diode, data storage, and photovoltaic industries, as well as general materials research. It primarily offers its products to wafer, IC, reticle, and disk manufacturers in the United States, Taiwan, Japan, Europe, Israel, Korea, and the Rest of Asia. The company was founded in 1975 and is headquartered in Milpitas, California.
Advisors' Opinion:- [By Seth Jayson]
KLA-Tencor (Nasdaq: KLAC ) is expected to report Q4 earnings around July 26. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict KLA-Tencor's revenues will wither -21.0% and EPS will wane -47.0%. - [By Stephen Simpson, CFA]
Be that as it may, I think the possibility of M&A is relevant. Tokyo Electron acquired FSI International for its surface conditioning equipment, and it is not unthinkable that a larger company would consider Mattson for its dry strip and RTP technology. Lam Research, Tokyo Electron, and KLA-Tencor (KLAC) all lack RTP technology for FinFET, though Lam's position in dry strip and TEL's need to integrate past deals could be limiting factors for now.
- [By Eric Volkman]
Key figures were down for KLA-Tencor (NASDAQ: KLAC ) in its Q3 results, but the company still did well enough to beat estimates. For the quarter, revenues were nearly $729 million, more than $100 million lower than the $841 million of the same period the previous year. Net income was also down substantially, landing at $166 million ($0.98 per diluted share) from Q3 2012's $205 million ($1.21).
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