With the broad-based S&P 500 (SNPINDEX: ^GSPC ) getting a short break from big economic news, investors looked to earnings reports to fuel today's trading action. Not surprisingly, it was mixed.
Since earnings season began, the financial sector has been the real standout, with credit quality improving, loan amounts growing, and cost-cutting helping to drastically improve the bottom line for many of the nation's largest banks. However, all eyes today turned to technology juggernaut Apple (NASDAQ: AAPL ) which is set to report its third-quarter results after the bell. Known for its notoriously conservative guidance, Apple has missed EPS estimates in two of the past four quarters, and shareholders have watched as most Wall Street analysts have cut growth targets on the tech giant one-by-one. Having such a large bearing on the S&P 500 in terms of weighting, it's not surprising to see both Apple and the index hovering around the flat-line.
By the end of a very earnings-mixed day, the S&P 500 had dipped by 3.14 points to close at 1,692.39. But what you'll notice is that the majority of today's biggest movers to the upside were commodity-based companies such as coal, iron ore, steel, and copper, which are benefiting from a bounce in underlying commodity prices and the hope that China's economy will stabilize and quickly return to its 30-year average of 10% GDP growth.
Top 5 Regional Bank Stocks To Own For 2015: STR Holdings Inc(STRI)
STR Holdings, Inc., together with its subsidiaries, designs, develops, manufactures, and sells encapsulants for the solar industry worldwide. Its encapsulants protect the embedded semiconductor circuits of solar panels. The company sells its products to crystalline silicon and thin-film solar module manufacturers. STR Holdings, Inc. was founded in 1944 and is headquartered in Enfield, Connecticut.
Advisors' Opinion:- [By John Udovich]
Solar stocks have not exactly given buy and hold investors a smooth ride, but small cap�GT Advanced Technologies Inc (NASDAQ: GTAT) could be an interesting materials play on the solar sector���meaning its worth taking a closer look at the stock along with potential peers like Ascent Solar Technologies, Inc (NASDAQ: ASTI) and STR Holdings, Inc (NYSE: STRI) plus solar ETF Guggenheim Solar ETF (NYSEARCA: TAN). I should mention that just last week, we added GT Advanced Technologies to our�SmallCap Network Elite Opportunity (SCN EO) portfolio for both�fundamentals and technical reasons and we are already up almost 9%.
5 Best High Tech Stocks To Own For 2014: Rambus Inc.(RMBS)
Rambus Inc. engages in the creation, design, development, and licensing of patented innovations, technologies, and architectures to digital electronics products and systems. Its patented innovations include Dual Edge Clocking, which is designed to allow data to be sent on the clock pulse; Variable Burst Length that improves data transfer efficiency by allowing varying amounts of data to be sent per a memory read or write request in dynamic random access memory (DRAM) and flash memory; and FlexPhase technology, which synchronizes data output and compensates for circuit timing errors. The company also offers Channel Equalization to improve signal integrity and system margins in high speed parallel and serial link channels; Module Threading, which improves the power efficiency of a memory module by applying parallelism to module data accesses; and MicroLens optical design technology, which provides optimum utilization of high-brightness light-emitting diodes (LED) in edge-lit lighting applications. In addition, it licenses its architectures and industry-standard solutions for use in digital electronics products and systems, including XDR Memory Architecture enabling the production of DRAM; XDR2 Memory Architecture that incorporates DRAM micro-threading for graphics intensive applications, such as gaming and digital video; Mobile XDR Memory Architecture, which enables applications, such as HD video recording and 3D gaming on battery powered mobile devices; RDRAM Memory used in play stations, Intel-based personal computers, televisions, and routers; and FlexIO Processor Bus, a high speed chip-to-chip interface. Further, the company offers industry-standard chip interface solutions, including DDRx; digital logic controllers for peripheral component interconnect express and other industry standard interfaces; and custom solutions for displays, LED backlights, and general lighting. Rambus Inc. was founded in 1990 and is headquartered in Sunnyvale, Ca lifornia.
Advisors' Opinion:- [By Jake L'Ecuyer]
Rambus (NASDAQ: RMBS) was also up, gaining 13.36 percent to $9.66 as the company and Micron Technology (NASDAQ: MU) signed a broad patent cross license agreement.
- [By Rich Bieglmeier]
One-time Wall Street darling and high-flyer Rambus Inc. (NASDAQ:RMBS) is bucking an ugly, bloody tape. The memory-chip make is up more than 4% as we type thanks to an upgrade from Citi.
5 Best High Tech Stocks To Own For 2014: Housing Development Finance Corporation Ltd (HDFC)
Housing Development Finance Corporation Limited is financing by way of loans for the purchase or construction of residential houses, commercial real estate and certain other purposes in India. The Company has a network of approximately 330 offices (which includes 83 offices of its wholly owned distribution company HDFC Sales Private Limited) catering to over 2,400 towns & cities spread across the country. It also has offices in Dubai, London and Singapore and service associates in the Middle East region, to provide housing loans and property advisory services to Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs). Its product range includes loans for purchase and construction of a residential unit, purchase of plot, home improvement loans, home extension loans, non-residential premises loans for professionals and loan against property, while its flexible repayment options include Step Up Repayment Facility (SURF) and Flexible Loan Installment Plan (FLIP). Advisors' Opinion:- [By MONEYMORNING.COM]
Vanguard favors India with investments in Infosys Ltd. (NSE: INFY), Reliance Industries Ltd. (NSE: RELIANCE), and Housing Development Finance Corp. Ltd. (NSE: HDFC) ranking among its top 20.
5 Best High Tech Stocks To Own For 2014: Weyerhaeuser Company(WY)
Weyerhaeuser Company, a forest products company, grows and harvests trees, builds homes, and manufactures forest products worldwide. It grows and harvests trees for use as lumber, other wood and building products, and pulp and paper. The company manages 6.4 million acres of private commercial forestland; and has long-term licenses on 13.9 million acres of forestland. It also offers timber; minerals, such as rock, sand, and gravel, as well as oil and gas to construction and energy markets; logs; timberland tracts; and seed and seedlings, poles, plywood, and hardwood lumber products. In addition, the company provides structural lumber products for structural framing; engineered lumber products for floor and roof joists, and headers and beams; structural panels for structural sheathing, subflooring, and stair treading for wood products dealers, do-it-yourself retailers, builders, and industrial users. Further, it offers building products comprising cedar, decking, siding, ins ulation, rebar, and engineered lumber connectors. Additionally, the company offers fluff pulp for use in sanitary disposable products; papergrade pulp for printing and writing papers, and tissues; specialty chemical cellulose pulp for use in textiles, absorbent products, specialty packaging, and high-bulking fibers; liquid packaging board converted into containers; and slush and wet lap pulp for manufacturing paper products. It also constructs single-family houses, as well as develops residential lots and land for construction and sale; and master-planned communities with mixed-use property. The company sells its cellulose fibers products through direct sales network, and liquid packaging products directly to carton and food product packaging converters; and wood products through sales organizations and distribution facilities. Weyerhaeuser Company has been elected to be taxed as a real estate investment trust. The company was founded in 1900 and is headquartered in Federal Way, Washington.
Advisors' Opinion:- [By Dimitra DeFotis]
In the homebuidling category:
Weyerhaeuser (WY), the producer of lumber, was up nearly 3%. On Thursday, Citigroup Analyst Anthony Pettinari wrote that Weyerhaeuser could sell its homebuilder unit for between $2.5 billion and $3.5 billion, and interested buyers in the unit, WRECO, could include Lennar�(LEN), Toll Brothers (TOL) and Brookfield Residential Properties (BRP). About 67% of the Weyerhaeuser unit’s roughly 27,000 lots are in California. Citi has a Buy rating on Weyerhauser and a $35 price target. Lennar, the home builder, was�up 2.6%. Masco (MAS), the building materials maker, was�up 2%.� PulteGroup (PHM), the home builder, was�up 2%. DR Horton�(DHI), the home builder, was�up 1.9%.Among real estate trusts:
- [By Dan Caplinger]
This quarter, though, pricing trends haven't been as favorable, with lumber prices losing as much as 25% of their value before bouncing back somewhat. Moreover, Plum Creek has faced more of a competitive threat from rival Weyerhaeuser (NYSE: WY ) , which bought up 645,000 acres of prime Pacific Northwest timberland from Brookfield Asset Management and its Brookfield Infrastructure Partners affiliate last month. The buy gives Weyerhaeuser more assets with easy access to export markets across the Pacific Ocean in Asia, although the Pacific Northwest does have closer proximity to areas destroyed by the mountain pine beetle.
- [By Saibus Research]
We have an Accumulate rating on Weyerhaeuser's (WY) common stock. We believe that investors have bid Weyerhaeuser's stock up by 75% over the last six quarters because they are counting on a recovery in the housing market to serve as a catalyst for growth in WY's top and bottom lines. We can see that it would provide significant leverage to WY's bottom line because 53% of WY's operating income was used to pay debt interest, so any boost to revenue would boost WY's operating income and enable WY to generate significant gains in Net Income. We increased our fair intrinsic value per share for Weyerhaeuser from $29.02 in October to $34.88 in March and we're raising it again to $35.92. Although WY's share price has generated strong growth since 2011, we believe that the company will be able to enjoy steadily improving revenues and operating income, which will boost its pre-tax income and net income due to the financial leverage that it employs.
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