September 3, 2013: U.S. markets opened higher on Tuesday morning following Monday�� Labor Day holiday with an upbeat reaction to European and Asian PMI reports. ISM data for the U.S. rose unexpectedly�and July new construction spending also rose more than expected. House Speaker John Boehner�� statement of support for President Obama�� call to action in Syria�cut into early gains, but did not wipe them out.
European markets closed mixed today, while Asian markets closed higher and Latin American markets closed lower.
Wednesday�� calendar includes reports from automakers on August sales, speeches by Minneapolis Fed President Narayana Kocherlakota and San Francisco Fed President John Williams, and the following data releases and events (all times Eastern):
7:00 a.m. – Mortgage Bankers Association purchase applications 8:300 a.m. – International trade 10:00 a.m. – Quarterly services survey 11:30 a.m. – 4-week bill auction 2:00 p.m. – Beige BookHere are the closing bell levels for Tuesday:
Best Oil Companies To Buy Right Now: Fisher Communications Inc.(FSCI)
Fisher Communications, Inc., an integrated media company, through its subsidiaries, engages in television and radio broadcasting businesses. The company owns and operates network-affiliated television stations in Washington, Oregon, Idaho, and California, as well as engages in Internet business; and radio stations and managed radio stations in Washington and Montana. It also owns and operates Fisher Plaza, a commercial building that includes a data center designed to enable companies to distribute analog and digital media content through various distribution channels, including broadcast, satellite, cable, Internet, broadband, and other wired and wireless communication systems, as well as houses various companies, including media and communications companies. The company owns and operates 13 full power television stations, 7 low power television stations, and 10 owned and managed radio stations in the Western United States. Its television stations reach 4.2 million househo lds. The company was formerly known as Fisher Companies, Inc. and changed its name in March 2001. Fisher Communications, Inc. was founded in 1910 and is based in Seattle, Washington.
Advisors' Opinion:- [By Eric Volkman]
In the latest of a string of acquisitions, Sinclair Broadcast Group (NASDAQ: SBGI ) is to buy Fisher Communications (NASDAQ: FSCI ) . The merger transaction will cost the former roughly $373 million. Fisher stockholders are to receive a cash payout of $41.00 per share, which, according to Sinclair, is a 44% premium to the stock's recent closing price.
Hot Asian Companies To Own In Right Now: WisdomTree International Dividend Ex Financial Fund (DOO)
WisdomTree International Dividend Top 100 Fund (The Fund) is a non-diversified fund. It seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree International Dividend Top 100 Index (The Index). The fund is managed by WisdomTree Asset Management, Inc.
The Index measures the performance of the 100 highest dividend-yielding companies in the WisdomTree International LargeCap Dividend Index. The Index is created by selecting the top 100 companies ranked by highest dividend yield from the WisdomTree International LargeCap Dividend Index.
Advisors' Opinion:- [By Eric Lam]
��ompanies that come to market are coming from sectors that work,��said Brian Huen, managing partner at Red Sky Capital Management Ltd. in Toronto. He helps manage C$220 million with the firm, and participated in the offerings for Choice Properties, Information Services Corp., and Ski-Doo maker BRP Inc. (DOO) ��eople certainly aren�� bringing any gold IPOs to market. So investors are focusing on buying deals in the right markets, as opposed to the wider market which has exposure to resources.��
Hot Asian Companies To Own In Right Now: Ishares Msci Switzerland (EWL)
iShares MSCI Switzerland Index Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of publicly traded securities in the aggregate in the Swiss market, as measured by the MSCI Switzerland Index (the Index). The Index seeks to measure the performance of the Swiss equity market. The Index is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization. Component companies are adjusted for available float and must meet objective criteria for inclusion in the Index. The Index is reviewed quarterly.
The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. The Fund�� investment advisor is Barclays Global Fund Advisors.
Advisors' Opinion:- [By Carlton Delfeld]
The iShares Switzerland (EWL) is a wonderful way to gain exposure to a basket of Switzerland's leading multinationals and has an expense ratio of only 0.59%. In addition, while a rising Swiss franc puts pricing pressure on Swiss exporters, a strong Swiss franc supercharges returns for investors in EWL.
- [By Mark Salzinger]
iShares MSCI Germany (EWG) and iShares MSCI Switzerland (EWL) continue to have relatively attractive valuations.
EWG recently sported an average price/earnings (P/E) ratio on 2013's projected earnings of 12.6 and a price/book value (P/B) of just 1.4.
Hot Asian Companies To Own In Right Now: Matrix Service Company(MTRX)
Matrix Service Company provides construction, and repair and maintenance services primarily to the energy and energy related industries in the United States and internationally. The company operates in two segments, Construction Services, and Repair and Maintenance Services. The Construction Services segment offers aboveground storage tanks for the bulk storage/terminal industry, capital construction for the downstream petroleum industry, and specialty construction, as well as electrical/instrumentation services, such as civil/structural, mechanical, piping, electrical and instrumentation, millwrighting, and fabrication for various industries. This segment focuses on renovations, retrofits, modifications, and expansions to existing facilities, as well as construction of new facilities. The Repair and Maintenance Services segment provides aboveground storage tank repair and maintenance services, including tank inspection, cleaning, and American Society of Mechanical Enginee rs code repairs; planned major and routine maintenance for the downstream petroleum industry; specialty repair and maintenance services; and electrical and instrumentation repair and maintenance. It serves integrated oil companies, independent petroleum refiners, power companies, engineering firms, general contractors, and petrochemical and industrial gas companies, as well as pipeline, terminal, and oil and gas marketing companies. The company was founded in 1989 and is headquartered in Tulsa, Oklahoma.
Advisors' Opinion:- [By Travis Hoium]
What: Shares of energy service provider Matrix Service (NASDAQ: MTRX ) jumped 10% today after an analyst upgraded the stock.
So what: Analysts at Sidoti upgraded the stock from "neutral" to "buy" today. This was the only news out about the stock and drove traders to push volume to nearly twice its three-month average. �
Hot Asian Companies To Own In Right Now: Suburban Propane Partners L.P.(SPH)
Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, fuel oil, and refined fuels. Its Propane segment is involved in the distribution of propane to residential, commercial, industrial and agricultural customers, as well as in the wholesale distribution to industrial end users. This segment offers propane primarily for space heating, water heating, cooking, and clothes drying in the residential and commercial markets; for use as a motor fuel in internal combustion engines to power over-the-road vehicles, forklifts, and stationary engines, as well as to fire furnaces and as a cutting gas to the industrial customers; and for tobacco curing, crop drying, poultry brooding, and weed control in the agricultural markets. The company?s Fuel Oil and Refined Fuels segment engages in the retail distribution of fuel oil, diesel, kerosene, and gasoline to residential and commercial customers primarily for use as a sourc e of heat in homes and buildings. Its Natural Gas and Electricity segment markets natural gas and electricity to residential and small commercial customers in the deregulated energy markets of New York and Pennsylvania. The company also sells, installs, and services of a range of home comfort equipment, including whole-house heating products, air cleaners, humidifiers, hearth products, and space heaters; and sells and installs natural gas and propane gas grills, fireplaces, and related accessories and supplies through retail stores. As of September 24, 2011, it served approximately 750,000 residential, commercial, industrial, and agricultural customers primarily in the east and west coast regions of the United States, including Alaska, as well as operated 2 retail stores in the northwest and northeast regions in the United States. Suburban Energy Services Group LLC serves as a general partner of Suburban Propane Partners, L.P. The company was founded in 1945 and is based in Whippany, New Jersey.
Advisors' Opinion:- [By Vanin Aegea]
Investors are very often turned off by a cyclical business. Nonetheless, such behavior gives investors the chance to take a position in a profitable business model at a low entry price. With a recent boom in the U.S. market, prices are not expected to be in the low end. Let us look at AGL Resources (GAS) and Suburban Propane (SPH) to see whether any of them offer a profitable business model at a low entry price.
Hot Asian Companies To Own In Right Now: NN Inc.(NNBR)
NN, Inc. engages in the manufacture and sale of metal bearing, plastic and rubber, and precision metal components for bearing manufacturers worldwide. It operates in three segments: Metal Bearing Components, Plastic and Rubber Components, and Precision Metal Components. The Metal Bearing Components segment manufactures precision steel balls that are used primarily by manufacturers of anti-friction bearings; steel rollers comprising tapered rollers used in automotive gearbox applications, automotive wheel bearings, and various industrial applications; cylindrical rollers; and precision metal retainers for roller bearings. The Plastic and Rubber Components segment offers precision bearing seals for use in the automotive, industrial, agricultural, and mining markets; precision plastic retainers for ball and roller bearings used in various industrial applications; and precision plastic components, including automotive under-the-hood components, electronic instrument cases, pre cision electronic connectors and lenses, and various specialized industrial and consumer parts. The Precision Metal Components segment provides engineered shafts, fluid power assemblies, and complex precision assembled and tested parts used in the automotive, HVAC, fluid power, and diesel engine markets. The company was founded in 1980 and is based in Johnson City, Tennessee.
Advisors' Opinion:- [By Eric Volkman]
NN (NASDAQ: NNBR ) has a new man in the CEO chair. Richard Holder has been tapped to be the firm's CEO, effective June 3. He replaces the retiring Roderick Baty. Holder will also assume Baty's board seat, the term for which runs through NN's annual meeting in 2015.
- [By Marc Bastow]
Precision ball-bearings and tapered rollings manufacturer NN, Inc. (NNBR) raised its quarterly dividend 16.6% to 7 cents per share, payable March 14 to shareholders of record as of Feb. 28.
NNBR Dividend Yield: 1.47%
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