Midway through trading Tuesday, the Dow traded up 0.17 percent to 16,003.46 while the NASDAQ surged 0.11 percent to 3,953.41. The S&P also rose, gaining 0.11 percent to 1,793.53.
Top Headline
Home Depot (NYSE: HD) reported a 43% gain in its fiscal third-quarter profit and lifted its forecast for the year.
Home Depot now expects full-year earnings of $3.72 per share on sales growth of 5.6%. The company had earlier expected earnings of $3.60 per share on sales growth of 4.5%.
Home Depot's quarterly profit surged to $1.35 billion, or $0.95 per share, from a year-ago profit of $947 million, or $0.63 per share. Its sales increased 7.4% to $19.47 billion. However, analysts were expecting earnings of $0.90 per share on revenue of $19.18 billion. Home Depot's same-store sales climbed 7.4% in the quarter.
Top 10 Transportation Companies To Watch In Right Now: Xyratex Ltd.(XRTX)
Xyratex Ltd provides modular solutions for the enterprise data storage industry and hard disk drive (HDD) capital equipment for the HDD industry. It offers enterprise data storage solutions that include storage enclosures, which provide a common technology platform that reduces qualification time for original equipment manufacturer (OEM) customers and includes management interface software, standardized across enclosures, and provides easy integration as new platforms; integrated application platforms that comprise embedded storage platforms, which incorporate embedded server modules into its storage enclosures; and HPC Solutions that consolidate controllers, storage enclosures, application platforms, operating system, data protection, Lustre File System, and management software into a optimized scale-out storage platform that can be deployed in hours rather than weeks. The company also designs and manufactures a range of process test systems, which incorporate mechanical and electronic hardware, and firmware for controlling the HDD operating environment during the formatting of the disk drive. In addition, it provides automated solutions comprising substrate and media inspection systems; servo track writers and related subassemblies; and head testing systems that test and process HDD components throughout the manufacturing process. The company markets and sells its products primarily to OEMs and disk drive manufacturers, as well as to other companies in North America, Asia, and Europe. Xyratex Ltd was founded in 1966 and is headquartered in Havant, the United Kingdom.
Advisors' Opinion:- [By Patricio Kehoe]
According to GuruFocus Real Time Picks, on March 7, Mario Gabelli (Trades, Portfolio), the chairman and chief executive officer of GAMCO Investors Inc. added Xyratex Ltd. (XRTX) at an average price of $13.17 and currently holds 742,642 shares of the stock, worth 0.05% of his portfolio.
- [By Eric Volkman]
Xyratex (NASDAQ: XRTX ) saw a steep decline in its Q2 EPS, but the results were still good enough to beat expectations. For the quarter, revenue was a little more than $216 million, down significantly from the $322 million in the same period the previous year. Net profit saw a more precipitous fall, dropping to $2.9 million ($0.11 per diluted share) from Q2 2012's $7.0 million ($0.24). On a non-GAAP basis, those numbers were $2.7 million ($0.10 per diluted share) and $9.3 million ($0.32), respectively.
- [By Monica Gerson]
Shares of Xyratex (NASDAQ: XRTX) jumped 27.27% yesterday after the company agreed to be acquired by Seagate Technology Plc (NASDAQ: STX) for around $374 million in cash. Xyratex shares fell 0.15% to $13.28 in the after-hours trading session, while Seagate shares rose 0.02% to $56.02 in after-hours trading.
- [By Monica Gerson]
Xyratex (NASDAQ: XRTX) reported a drop in its third-quarter profit. However, the company issued downbeat forecast for the fourth quarter. Xyratex shares tumbled 7.83% to $11.06 in the after-hours trading session.
Top 10 Industrial Disributor Stocks To Own For 2014: Lynas Corp Ltd (LYSDY)
Lynas Corporation Limited is engaged in integrated extraction and processing of rare earth minerals, primarily in Australia and Malaysia; and development of Rare Earth deposits. The Company is engaged in commercial production and shipments of Rare Earths products. The Company has Temporary Operating Licence (TOL) for its Lynas Advanced Materials Plant (LAMP). The Company�� subsidiary includes Lynas Malaysia Sdn Bdh, Lynas Services Pty Ltd, Mount Weld Holdings Pty Ltd, Mount Weld Mining Pty Ltd, Lynas Africa Holdings Pty Ltd and Lynas Africa Ltd. Lynas Malaysia Sdn Bdh operates and develops advanced material processing plant. Mount Weld Mining Pty Ltd is engaged in development of mining areas of interest and operation of concentration plant. Lynas Africa Ltd is engaged in mineral exploration. Advisors' Opinion:- [By Rich Duprey]
Molycorp also needs to contend with the fact that there's a limited market for the metals it will mine at the same time�Lynas (NASDAQOTH: LYSDY ) is�already out there producing them in Malaysia, let alone what China itself is bringing to the market. To think it can substantially crack the market at a profitable price in sufficient quantities, even if it does become a low (or the lowest) cost producer, is wishful thinking of the highest order.
Top 10 Industrial Disributor Stocks To Own For 2014: Washington Banking Company(WBCO)
Washington Banking Company operates as the bank holding company for Whidbey Island Bank that provides community commercial banking services in northwestern Washington. Its deposit products include interest-bearing demand and money market accounts, saving deposits, time deposits, NOW accounts, and noninterest-bearing demand deposits. The company?s portfolio of loans comprises secured and unsecured commercial loans for working capital and expansion; real estate mortgage loans, including one-to-four family residential and commercial real estate loans; and real estate construction loans, such as commercial real estate, one-to-four family residential construction, and speculative construction loans. Its consumer loan portfolio include automobile loans, boat and recreational vehicle financing, home equity and home improvement loans, and other secured and unsecured personal loans, as well as SBA guaranteed loans for small and medium sized businesses. In addition, the company pro vides non-deposit managed investment products and services, and sweep investment options. As of December 31, 2010, it operated 30 branches in 6 counties located in northwestern Washington. The company was founded in 1996 and is based in Oak Harbor, Washington.
Advisors' Opinion:- [By Eric Volkman]
Washington Banking (NASDAQ: WBCO ) is diverting some of its capital to repurchase its own stock. The company announced that its board has authorized a buyback program for up to 775,000 shares. The program is expected to continue through the end of 2014, although the firm stressed that it "is under no obligation to repurchase a specific number or dollar amount of shares and the repurchase program may be discontinued at any time."
Top 10 Industrial Disributor Stocks To Own For 2014: dELIA*s Inc.(DLIA)
dELiA*s, Inc. operates as a direct marketing and retail company in the United States. It offers a collection of apparel, dresses, swimwear, roomwear, footwear, outerwear, and key accessories primarily for teenage girls. The company sells its products through direct mail catalogs, Websites, and mall-based specialty retail stores under the dELiA*s brand name. As of January 29, 2011, it operated 114 dELiA*s retail stores. The company also markets and sells branded junior apparel, dresses, accessories, swimwear, footwear and outerwear primarily to young women through catalogs and Internet under the Alloy brand name. dELiA*s, Inc. was founded in 1997 and based in New York, New York.
Advisors' Opinion:- [By Sean Williams]
Don't fight history
Sometimes we just have to remember as investors that there isn't room enough for every company to succeed. Thus enters dELiA*s (NASDAQ: DLIA ) , an online and mail catalog retailer that markets apparel to teenage girls and young women.
Top 10 Industrial Disributor Stocks To Own For 2014: American Capital Mortgage Investment Corp (MTGE)
American Capital Mortgage Investment Corp., incorporated on March 15, 2011, is a real estate investment trust (REIT). The Company�� investment objective is to provide risk-adjusted returns to its investors over the long-term through a combination of dividends and capital appreciation. It invests to achieve this objective by selectively constructing and managing a mortgage investment portfolio consisting of asset classes that, when properly financed and hedged, are designed to produce risk adjusted returns across a variety of market conditions and economic cycles. In December 2013, American Capital Mortgage Investment Corp, through its subsidiary acquired Residential Credit Solutions, Inc.
The Company is externally managed and advised by American Capital MTGE Management, LLC. American Capital MTGE Management, LLC is an indirect subsidiary of American Capital, LLC, which is a wholly portfolio company of American Capital, Ltd.
Advisors' Opinion:- [By Brian Pacampara]
Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, mortgage REIT American Capital Mortgage Investment (NASDAQ: MTGE ) has earned a coveted five-star ranking.
- [By Sean Williams]
The mREIT sector has been nothing short of slammed over the past quarter on speculation that the Federal Reserve will begin winding down its $85 billion in monthly bond purchases, which have worked in mREIT's favor by keeping long-term lending rates at historically low levels. I, however, see things a bit differently and think plenty of opportunity still exists here, including with American Capital Mortgage Investment (NASDAQ: MTGE ) .
- [By Amanda Alix]
2. Congress is eyeballing the REIT sector's special tax status
The U.S. Congress is currently going over the tax code with a fine-tooth comb looking for loopholes, and the REIT industry's special tax status is coming under review. Though The Wall Street Journal�notes that a change in the law that allows REITs to avoid corporate taxes on income as long as they pay out 90% of earnings isn't certain, neither is it out of the realm of possibility -- possibly making dividends like those paid by American Capital Agency and its hybrid cousin American Capital Mortgage (NASDAQ: MTGE ) a lot less hefty. - [By Dan Caplinger]
But those fears continued to expand in the second quarter, and the bond market finally made significant moves that hurt bond prices and sent yields soaring. In response, many mortgage REITs expanded their purview to go beyond their traditional agency-backed securities. Annaly Capital (NYSE: NLY ) , for instance, started adding securities backed by commercial mortgages, while Armour Residential (NYSE: ARR ) set the stage for a shift by changing its charter to allow non-agency purchases. But because American Capital Agency has a sister REIT, American Capital Mortgage (NASDAQ: MTGE ) , that has a broader scope, CIO Gary Kain plans to keep American Capital Agency's investing strategy true to its name by staying focused on agency-backed bonds.
Top 10 Industrial Disributor Stocks To Own For 2014: NutriSystem Inc(NTRI)
Nutrisystem, Inc. provides weight management products and services in the United States. The company offers nutritionally balanced weight loss programs designed for women, men, and seniors. Its Nutrisystem program consists of approximately 130 portion-controlled items that serve as the foundation of a low Glycemic Index diet. The company?s programs include Nutrisystem D program designed for people with type 2 diabetes for loosing weight and managing their diabetes; SUCCESS program designed to take the weight off and keep it off through portion-controlled, balanced nutrition, and low Glycemic Index eating; and Nutrisystem Select, a program for weight loss and weight management that offers standard shelf-stable food and fresh-frozen foods. It also provides monthly food packages of shelf-stable and frozen foods consisting of 28 days of breakfasts, lunches, dinners, and desserts, which are supplemented with dairy, fruits, salads, vegetables, and low-glycemic carbohydrate item s. In addition, the company offers transition and maintenance plans that comprise support tools and desired meal occasions, as well as online and smart phone weight management tools. Nutrisystem, Inc. sells its pre-packaged foods to weight loss program participants directly through the Internet and telephone, as well as through QVC, a television shopping network. The company was founded in 1972 and is based in Fort Washington, Pennsylvania.
Advisors' Opinion:- [By Bryan Murphy]
Judging from the performance of both charts of late, what I'm getting ready to tell you might be an unpopular opinion. But, I call 'em like I see 'em. Here goes. It's time to sell your NutriSystem Inc. (NASDAQ:NTRI) shares, and if you really like the weight-loss and diet-food space, then go ahead and step into a Weight Watchers International, Inc. (NYSE:WTW) position with the proceeds.
- [By Ben Levisohn]
Shares of Weight Watchers have gained 23% to $24.36 at 11:27 a.m., while NutriSystem (NTRI) has gained 2.4% to $15.36 and Medifast (MED) has dropped 1.6% to $31.15.
- [By Rich Smith]
Fort Washington, Penn.-based Nutrisystem (NASDAQ: NTRI ) has a new chief financial officer. On Thursday morning, the diet and nutrition company announced it has hired Michael P. Monahan to become its CFO effective May 22.
- [By Lisa Levin]
This industry tumbled 3.23% by 11:30 am. The worst stock within the industry was Nutrisystem (NASDAQ: NTRI), which fell 10.4%. Nutrisystem reported Q2 earnings of $0.30 per share on revenue of $111.10 million. The company also issued a weak Q3 revenue forecast.
Top 10 Industrial Disributor Stocks To Own For 2014: Express Inc. (EXPR)
Express, Inc. operates specialty retail stores in the United States. The company?s stores offer apparel and accessories for women and men between 20 and 30 years old across various aspects of the lifestyles comprising work, casual, jeanswear, and going-out occasions. It also sells gift cards. As of January 29, 2011, the company operated 591 stores, including 547 dual-gender stores, 25 women?s stores, and 19 men?s stores located primarily in high-traffic shopping malls, lifestyle centers, and street locations in 47 states throughout the United States, the District of Columbia, and Puerto Rico. In addition, it operates seven Express stores in Saudi Arabia, Kuwait, and the United Arab Emirates through its Development Agreement with Alshaya Trading Co.; and sells its products through e-commerce Website, express.com. The company was formerly known as Express Parent LLC and changed its name to Express, Inc. in May 2010. Express, Inc. was founded in 1980 and is headquartered in C olumbus, Ohio.
Advisors' Opinion:- [By Monica Gerson]
Express (NYSE: EXPR) is expected to report its Q4 earnings at $0.59 per share on revenue of $721.13 million.
Dresser-Rand Group (NYSE: DRC) is projected to report its Q4 earnings at $1.29 per share on revenue of $1.09 billion.
- [By Michael Lewis]
Specialty retailer and shopping mall staple�Express (NYSE: EXPR ) delivered a stellar earnings report last week that delighted investors and analysts alike. The beat was impressive, given that many specialty retailers remain challenged by macroeconomic tepidity and unseasonable weather patterns. Yet the real news regarding the company is not so much its recent performance but its upcoming focus. With management's latest comments in mind, let's take a closer look at Express.
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