LONDON -- Stock index futures at 7 a.m. EDT indicate that the Dow Jones Industrial Average (DJINDICES: ^DJI ) may open up by 0.41% this morning, while the S&P 500 (SNPINDEX: ^GSPC ) may open 0.51% higher.
Asian markets closed lower overnight, but European markets rose steadily this morning as last week's turbulence in the eurozone subsided. In Greece, the government is believed to have agreed on a deal to secure its next bailout payment, while in Portugal, the threat of a destabilizing general election has receded after Prime Minister Pedro Passos Coelho agreed on a deal with Paulo Portas, the leader of his party's main coalition partner, CDS-PP. However, German industrial production fell by more than expected in May: Official figures published today showed a 1% drop, double the 0.5% fall expected by analysts. At 8 a.m. EDT, the FTSE 100 was up 0.14%, while Germany's DAX was up 2.33%.
Today's U.S. economic reports include consumer credit figures for May, which are due at 3 p.m. EDT. Investors may be more likely to continue to analyze Friday's employment figures and to look forward to the minutes of the latest Federal Open Market Committee meeting, which are due to be published on Wednesday afternoon. Producer Price Index inflation data due on Friday will also be of interest and is expected to confirm that inflation remains below Federal Reserve targets.
Top 5 Computer Hardware Companies To Invest In Right Now: NTT DOCOMO Inc(DCM)
NTT DOCOMO, Inc. provides wireless telecommunications services, packet communications services, and satellite mobile communications services in Japan. It offers wireless voice and data communication services, such as second generation (2G) and third generation (3G) cellular services, and mobile multimedia services. The company provides mova services, on the 2G network, compatible with voice and data communication; FOMA services, on its 3G network, with voice and high-speed data communication, which are compatible with various services, such as videophone and video content downloading; and i-mode services, which are wireless Internet access services. As of March 31, 2010, it had approximately 56.08 million cellular subscribers. NTT DOCOMO also offers packet communications services, such as wireless data communications services using packet switching; satellite mobile communication services for communications in case of emergencies; and international calling and internationa l roaming services. In addition, the company provides mopera U Internet connection services for data cards and smartphones; embedded modules for automobile fleet management, wireless credit card settlement systems, and telemetric systems for automatic inventory checks between vending machines and service centers; and MyArea services that offer high-speed packet communication services for homes. Further, it offers home shopping services through TV media, high-speed Internet connection services for hotel facilities, advertisement services, and credit services, as well as develops, sells, and maintains IT systems. The company was formerly known as NTT Mobile Communications Network, Inc. and changed its name to NTT DOCOMO, Inc. in April 2000. NTT DOCOMO was founded in 1991 and is based in Tokyo, Japan. NTT DOCOMO, Inc. operates as a subsidiary of Nippon Telegraph and Telephone Corporation.
Advisors' Opinion:- [By Evan Niu, CFA]
Another carrier headwind
China Mobile isn't the only carrier that could boost results. Apple also inked a partnership with NTT DoCoMo (NYSE: DCM ) last September. While that was several quarters ago, it takes time to fully meet pent-up demand within large subscriber bases. NTT DoCoMo is Japan's largest, with 63.1 million subscribers at last count.
Top 5 Asian Stocks For 2014: ESSA Bancorp Inc. (ESSA)
ESSA Bancorp, Inc. operates as the holding company for ESSA Bank & Trust that provides a range of financial services to individuals, families, and businesses in Pennsylvania. The company provides deposit accounts comprising savings accounts, NOW accounts, checking accounts, money market accounts, club accounts, certificates of deposit, IRAs, and other qualified plan accounts, as well as commercial checking accounts for businesses. It also offers residential first mortgage loans, including one-to-four family residential loans and construction mortgage loans; commercial real estate loans; home equity loans and lines of credit; and commercial and consumer loans, as well as various unsecured or secured loans, loans secured by deposits, personal loans, and automobile loans. In addition, the company provides asset management and trust services, and investment services, as well as insurance benefit consulting services, including health insurance, life insurance, short term and lo ng term disability, dental, vision, and 401(K) retirement planning, as well as individual health products. As of September 30, 2013, it operated 26 full-service banking offices, including 13 offices in Monroe County, 6 offices in Lehigh County, and 7 offices in Northampton County in Pennsylvania. The company was founded in 1916 and is based in Stroudsburg, Pennsylvania.
Advisors' Opinion:- [By Tim Melvin]
Right now I know that silver miners like Pan American Silver (PAAS) and Coeur Mining (CDE) are very cheap on an asset basis. I know that oil and gas producers like Swift Energy (SFY) and WPX Energy (WPX) are priced as if no one will ever use the stuff again. I know that small banks like Cape Bancorp (CBNJ) and Essa Bancorp (ESSA) are crazy-cheap — and if the world does not end, those stocks will be a lot higher in a few years.
Top 5 Asian Stocks For 2014: CEPHEID(CPHD)
Cepheid, a molecular diagnostics company, engages in developing, manufacturing, and marketing integrated systems for testing in the clinical market, as well as for application in legacy biothreat, industrial, and partner markets. Its systems enable molecular testing for organisms and genetic-based diseases by automation. The company offers GeneXpert system that integrates sample preparation in addition to DNA amplification and detection; and SmartCycler system, which integrates DNA amplification and detection to allow rapid analysis of a sample. The GeneXpert system is designed for reference laboratories, hospital central laboratories, and satellite testing locations, such as emergency departments and intensive care units within hospitals and doctors? offices. Cepheid also provides GeneXpert Infinity System for high volume testing. The company offers tests for the GeneXpert and the SmartCycler systems in the areas of healthcare associated infections, critical infectious d isease, genetics, women?s health, and oncology. These tests include U.S. Food and Drug Administration (FDA) cleared products, CE marked products, analyte specific reagents, and research use only tests in the clinical market. In the industrial market, it sells its SmartCycler system along with general use polymerase chain reaction reagents and reaction tubes. Cepheid sells its products its direct sales force and through third-party distributors worldwide. It has collaboration agreements with Novartis, Foundation for Innovative New Diagnostics, Life Technologies Corporation, and Northrop Grumman Corporation. The company was founded in 1996 and is headquartered in Sunnyvale, California.
Advisors' Opinion:- [By Sean Williams]
What: Shares of Cepheid (NASDAQ: CPHD ) , a developer of molecular diagnostic tests for both clinical and non-clinical markets, plunged as much as 11% after the company reported its second-quarter earnings results following the closing bell last night.
- [By Jon C. Ogg]
Cepheid (NASDAQ: CPHD) was downgraded to Neutral from Buy at Bank of America Merrill Lynch, but the firm actually raised its price target to $41 (versus a $39.04 close).
Top 5 Asian Stocks For 2014: EOG Resources Inc.(EOG)
EOG Resources, Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas and crude oil primarily in the United States, Canada, the Republic of Trinidad and Tobago, the United Kingdom, and the People's Republic of China. As of December 31, 2010, its total estimated net proved reserves were 1,950 million barrels of oil equivalent (MMBoe), of which 386 million barrels (MMBbl) were crude oil and condensate reserves, and 152 MMBbl were natural gas liquids reserves; and 8,470 billion cubic feet (Bcf) or 1,412 MMBoe were natural gas reserves. The company held approximately 520,000 net acres in the mature oil window of the Eagle Ford Shale Play near San Antonio, Texas. EOG Resources, Inc. was founded in 1985 and is based in Houston, Texas.
Advisors' Opinion:- [By Matt DiLallo]
That potential is drawing many exploration and production companies to the country, including EOG Resources (NYSE: EOG ) . While currently just a small exploratory operation for the company, Argentina's potentially vast resources could be a big future growth driver for EOG. That's because the country's main shale oil play has the resource potential to make the Eagle Ford Shale look like an eaglet, if it can be economically developed. EOG is very early to the play which makes it one of the best oil stocks to buy if you want to invest in the pure upside from Argentinian oil production growth.
- [By Casey Hoerth]
Finally we have Conoco's unconventional exploration inventory. This includes places you might not guess, such as Poland and Columbia. Both the Duvernay and Montney shales in the Yukon Territory have been contested acreage to get ahold of and drill. Conoco has positions there, too. In the lower 48 states, the Permian and Niobrara will be explored extensively next year. Many others, including unconventional juggernaut EOG Resources (EOG), believe the Wolfcamp Shale portion of the Permian Basin will yield great results. Conoco is there.
- [By Matt DiLallo]
Another company to watch here is EOG Resources (NYSE: EOG ) . The company is also focused on the Vaca Muerta formation after signing two exploration contracts and one farm-in agreement with YPF. Last year, the company participated in the drilling of a vertical well which is producing, and also drilled a monitor well and a horizontal well. EOG is currently evaluating the results of these wells so its still in the very early stages of the process.
- [By Paul Ausick]
EOG Resources Inc. (NYSE: EOG) is down 0.8%, at $158.12 in a 52-week range of $105.45 to $161.47.
The U.S. Natural Gas Fund (NYSEMKT: UNG) is down 1.2%, at $18.56 in a 52-week range of $16.59 to $24.09. The Market Vectors Oil Services ETF (NYSEMKT: OIH) is down 0.6%, at $45.45 in a 52-week range of $36.24 to $46.78. The first fund tracks spot prices; the second includes major drillers and services companies.
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