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[ September 1, 2014 | Author: Admin | Views: 24014 | Weather: | Mood: normal]

Shares of refining stocks have had a tough week–so tough that Citigroup picked today to become more bullish on the group and upgrading HollyFrontier (HFC) and Marathon Petroleum (MPC). The Washington Post/Getty Images How bad has this week been? Marathon Petroleum has fallen 4.3% through yesterday’s close, while HollyFrontier has dropped 2.5%, Valero Energy (VLO) has declined 3.5% and Alon USA Partners (ALDW) has slipped 5.7%. Western Refining (WNR) has weathered the selling and has ticked down just 0.3%. Citigroup’s Faisel Khan and Mohit Bhardwaj explain why they’re feeling more bullish in the face of those loses: Expectations appear low for US refiners. 2Q’14 EPS revisions, uncertainty on what 3Q’14 will bring, a slower pace of refining closures in the Atlantic basin, new product exports out of the Middle East and Russia, low distillate margins and the specter of US oil exports all seem to be weighing on the sector. … Continue reading

[ September 1, 2014 | Author: Admin | Views: 21475 | Weather: | Mood: normal]

Although we don’t believe in timing the market or panicking over market movements, we do like to keep an eye on big changes — just in case they’re material to our investing thesis. What: Shares of Darling International (NYSE: DAR  ) were looking sweeter today, gaining as much as 15% after acquiring the Rothsay rendering business from Maple Leaf Foods for $614 million. So what: The food-waste recycling company will purchase the rendering and biodiesel segment from Maple Leaf as the Canadian food processor has divested from a number of assets as it struggles to turn a profit. The rendering business is a high-margin unit, which recycles animal byproducts into items including oils and soaps, and its acquisition will make Darling North America’s largest provider of rendering and recycling services. Rothsay is the industry leader in Canada. Darling plans to fund the purchase under borrowings from a present credit facility. Now … Continue reading

[ September 1, 2014 | Author: Admin | Views: 19535 | Weather: | Mood: normal]

Joel Greenblatt is founder of Gotham Capital and the pioneer of Magic Formula investing. He developed the Magic Formula as a numbers-based, unemotional way for individual investors to beat the market over the long term. It is based on the following principles: 路 Buy a good business cheap like Ben Graham (figure out what its worth and pay a lot less). 路 Look at free cash flow to the price were paying. 路 Look at returns on tangible capital to judge how good it is (get best combo of cheap and good). 路 Hold for one year. Typically the stocks that meet the criteria are brutally hated by the market or have low expectations for the next several years. His top three new stock picks for his Magic Formula Portfolio for the fourth quarter are: Azz Inc. (AZZ), Primoris Services (PRIM) and Caribou Coffee (CBOU). Azz Inc. (AZZ) Fort Worth-based … Continue reading

[ August 31, 2014 | Author: Admin | Views: 35299 | Weather: | Mood: normal]

Consistency ain’t easy to come by in the markets. Still, the Dow Jones Industrial Average (DJINDICES: ^DJI  ) had been on a four-day win streak coming into Friday, and very nearly carried that momentum into the weekend. Ending less than a tenth of a point lower, at 14,865, Wall Street seemed to think that valuations were pretty fair, ahead of major earnings reports next week — with a few exceptions: Home Depot (NYSE: HD  ) got a big boost from a Jefferies analyst today, who raised the price target on the stock by 33%. While today’s 2.4% gains were good enough for tops in the Dow, it’s simply more of the same for the do-it-yourself home improvement outlet, whose shares have added 45% in the last year. A recovery in the housing market remains the major upside catalyst, but the analyst also thinks management could increase share buybacks. Fast food behemoth McDonald’s … Continue reading

[ August 31, 2014 | Author: Admin | Views: 81577 | Weather: | Mood: normal]

With shares ofCorning Inc.(NYSE:GLW) trading at around $16.35, is GLW an OUTPERFORM, WAIT AND SEE or STAY AWAY? Lets analyze the stock with the relevant sections of our CHEAT SHEET investing framework: C = Catalyst for the Stocks Movement Corning has been making new 52-week highs as of late, but is this trend sustainable? In this stock market environment, anything is possible. However, that doesnt mean all moves are justifiable. Corning Incorporated produces and sells specialty glasses, ceramics, and related materials worldwide. It operates through five segments: Display Technologies, Telecommunications, Environmental Technologies, Specialty Materials, and Life Sciences. Corning has a diverse revenue base. There is currently high demand for tablets and smartphones, Gorilla Glass has received many positive reviews, Q1 estimates were recently beat, there have been cost and efficiency improvements, revenue has increased for three consecutive years, and the stock is at a good valuation, trading at 14 times … Continue reading