Before the market opened, shares of toy stock Hasbro, Inc (NASDAQ: HAS) were up in pre-market trading after the Company reported better-than-expected first quarterprofit helped by demand for digital gaming which more than doubled the profit from its entertainment and licensing business. Net revenues increased 2% to $849.7 million versus $831.2 million in 2016 while net earnings increased 41% to $68.6 million. Note that:
Entertainment and Licensing segment net revenues increased 24% to $52.7 million compared to $42.5 million in 2016. Digital gaming drove the quarterly revenue increase, including higher revenues at Backflip Studios. The Entertainment and Licensing segment operating profit increased 108% to $11.3 million, or 21.5% of net revenues, compared to $5.4 million, or 12.8% of net revenues, in 2016.
Best High Tech Stocks To Buy Right Now: LG Display Co., Ltd.(LPL)
- [By Anders Bylund, Chuck Saletta, and Brian Feroldi]
According to comments by Universal Display CEO Steve Abramson, Samsung (NASDAQOTH:SSNLF) is pouring $9 billion into building OLED production facilities this year. LG Display (NYSE:LPL) expects more than half of its 2020 revenues to come from OLED panels. The OLED TV market is expected to grow sixfold in the next four years, and the lighting panel market is only just getting started.
Best High Tech Stocks To Buy Right Now: Enbridge Inc(ENB)
- [By Matthew DiLallo]
Not to be outdone, rival Canadian oil pipeline giant Enbridge (NYSE:ENB) announced a transformational gas-focused deal of its own, agreeing to acquire U.S. pipeline company Spectra Energy (NYSE:SE) for $28 billion. That transaction will catapult Enbridge past TransCanada and create the largest energy infrastructure company in North America. Further, the deal will bolster Enbridge’s near-term capital project backlog to $20 billion, while enhancing its inventory of longer-term investment opportunities to $37 billion. This pipeline supports Enbridge’s view that it can increase its dividend by 10% to 12% annually through 2024.
- [By Jim Robertson]
On Friday, our Under the Radar Moversnewsletter suggested shorting small cap energy transportation and distribution stock Enbridge Inc (NYSE: ENB):
Best High Tech Stocks To Buy Right Now: Silver Wheaton Corp(SLW)
- [By Rich Duprey]
Silver Wheaton (NYSE:SLW), of course, is a streamer like Sandstorm and Franco, but it is the largest in the precious-metals industry, and arguably the best-known, because its business model came to define what streaming is. Although it is known primarily for its silver contracts, Silver Wheaton also has sizable gold production that makes it worth your attention.
Best High Tech Stocks To Buy Right Now: Chevron Corporation(CVX)
- [By Douglas A. McIntyre]
Exxon Mobil Corp. (NYSE: XOM) is the second largest company in America and the world’s largest oil company. Chevron Corp. (NYSE: CVX) is the third largest company in the United States. Valero Corp. (NYSE: VLO) is among the world’s largest refiners. Sunoco L.P. (NYSE: SUN) is one of North America’s largest owners of stations and convenience stores. BP PLC (NYSE: BP) is among the world’s oil behemoths. Shell is the U.S. branch of oil giant Royal Dutch Shell PLC (NYSE: RDS-A).
- [By Chris Dier-Scalise]
Among the brands being sold were Alcoa Corporation (NYSE: AA) and Ford Motor Company(NYSE: F), which both paid out dividends in December. The financial and oil sectors also experienced a sell-off to finish 2016. Wells Fargo & Co (NYSE: WFC) and Citigroup Inc (NYSE: C) were net sold as each reached new year-to-date highs and investors unloaded ConocoPhillips (NYSE: COP) and Chevron Corporation (NYSE: CVX) as their prices normalized with the rise in the price of oil.
- [By Benzinga News Desk]
Carl Icahn has big plans for the US auto-parts sector — and big retailers like AutoZone (NYSE: AZO), O’Reilly Automotive (NASDAQ: ORLY) and Advance Auto Parts (NYSE: AAP) aren’t going to like them: Link
ECONOMIC DATA USA Unit Labor Costs (QoQ) for Q1 2.20% vs 2.50% consensus estimate. Nonfarm Productivity (QoQ) for Q1 0.00% vs -0.20% consensus estimate. US Services Purchasing Managers' Index for May is schedule for release at 9:45 a.m. ET. Data on factory orders for April will be released at 10:00 a.m. ET. The ISM non-manufacturing index for May is schedule for release at 10:00 a.m. ET. The labor market conditions index for May will be released at 10:00 a.m. ET. The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET. The TD Ameritrade Investor Movement Index for May is schedule for release at 12:30 p.m. ET. ANALYST RATINGS HSBC upgraded Chevron (NYSE: CVX) from Hold to Buy Susquehanna upgraded Skechers (NYSE: SKX) from Neutral to Positive Deutsche Bank upgraded WEX (NYSE: WEX) from Hold to Buy Pacific Crest downgraded Apple from Overweight to Sector Weight RBC downgraded Perrigo (NYSE: PRGO) from Sector Perform to Underperform Wedbush downgraded Endocyte (NASDAQ: ECYT) from Outperform to Neutral
This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here or email email@example.com.
- [By WWW.KIPLINGER.COM]
Oil prices appear to have stabilized. As an integrated energy major, Chevron Corporations (CVX) downstream business offer a bit of a hedge against weakness in crude oil anyway. Oil prices are cyclical even if the cycles can take a painfully long time to turn.
- [By Paul Ausick]
The second-worst performing stock among the Dow 30 is the other energy giant, Chevron Corp. (NYSE: CVX), which closed Friday at $107.99 per share, down about 8.3% for the year to date.
Best High Tech Stocks To Buy Right Now: Leidos Holdings, Inc.(LDOS)
- [By Lisa Levin]
Here is the list of stocks going ex-dividend on Friday.
Douglas Dynamics Inc (NYSE: PLOW) – $0.2350 dividend, 2.9183 percent yield Tiffany & Co. (NYSE: TIF) – $0.4500 dividend, 2.6758 percent yield PulteGroup, Inc. (NYSE: PHM) – $0.0900 dividend, 1.7078 percent yield Leidos Holdings, Inc. (NYSE: LDOS) – $0.3200 dividend, 3.0851 percent yield Tupperware Brands Corporation (NYSE: TUP) – $0.6800 dividend, 4.1756 percent yield Hudson Pacific Properties Inc (NYSE: HPP) – $0.2000 dividend, 2.36
- [By Ben Levisohn]
Where we are concerned: 1. Ex-Joint Strike Fighter portfolio is average. There are few major growth differentiators after F-35; and actually headwinds in Aeronautics specifically, including C-5 and F-16. 2. Consensus EPS and cash flow estimate headwinds. The final Leidos Holdings (LDOS)-Lockheed Martin numbers are likely dilutive to 2016, so guidance will come down. The $1.5bn 2018 cash pension contribution means lower 2018 free cash and a weaker 5-year cash trajectory than peers. 3. Valuation tough. Lockheed Martin trades at 24X CY17E P/E ex pension. While we shy away from valuation concerns at the trough of the Defense cycle, this is more expensive than other Defense stocks.