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 Freescale (NYSE: FSL ) have skyrocketed today by upwards of 12% after the semiconductor specialist posted first-quarter earnings results.
So what: Revenue in the first quarter came in at $981 million, easily besting the $966.1 million that the Street forecast. By the time investors got to the bottom line, the $0.03 per-share adjusted loss looked a lot better than the $0.09 per-share adjusted loss that they were braced for. CEO Gregg Lowe said the company's efforts to improve its capital structure are paying off.
Now what: Freescale continues to pursue new market opportunities, while reallocating research and development investments, which is helping boost profitability. The company also provided guidance for the coming quarter, with sales expected to be in the range of $1 billion to $1.04 billion. Gross margin should expand sequentially by between 0.9% and 1.3%, compared to 40.6% in the just-closed quarter.
Hot Heal Care Stocks To Watch For 2015: Rexnord Corp (RXN)
Rexnord Corporation (Rexnord), incorporated on July 13, 2006, is a multi-platform industrial company. The Company comprises of two platforms, Process & Motion Control and Water Management. Rexnord�� Process & Motion Control product portfolio includes gears, couplings, industrial bearings, aerospace bearings and seals, FlatTop chain, engineered chain and conveying equipment, and are marketed and sold globally under brands, including Rexnord, Rex, Falk and Link-Belt. Its Water Management platform operates in the commercial construction market for water management products and the municipal water and wastewater treatment markets. Its Water Management product portfolio includes drainage products, flush valves and faucet products, backflow prevention pressure release valves, PEX piping and engineered valves and gates for the water and wastewater treatment markets. These products are marketed and sold through brand names, including Zurn, Wilkins, VAG, GA, Rodney-Hunt and Fontaine. In August 2013, Rexnord Corp announced that it has acquired the assets of Micro Precision Gear Technology Limited. In December 2013, Rexnord acquired Precision Gear Holdings, LLC (PGH). PGH has two operating subsidiaries, Merit Gear LLC and Precision Gear LLC.
Process & Motion Control
The Company�� Process & Motion Control platform designs, manufactures, markets and services mechanical components used within complex systems. The Company sells its Process & Motion Control products into a diverse group of end markets, including mining, general industrial applications, cement and aggregates, agriculture, forest and wood products, petrochemical, energy, food and beverage, aerospace and wind energy. The Company is a manufacturer of gear drives and gear sets for the heavy duty industrial market. Its gear drives, service and gear sets are used in a number of heavy duty industries. These primary industries include the natural resource extraction, steel, pulp and paper, chemical, forest and wood industries. ! Rexnord manufactures a range of heavy duty, medium and light duty gear drives used for bulk material handling, mixing, pumping and general gearing applications. It also operates a gear service and repair business through its Product Service group (Prager and Renew). Its Couplings are primarily used in high-speed, high-torque applications and are the interface between two shafts that permit power to be transmitted from one shaft to the other. Rexnord�� couplings are sold to a range of end markets, including the petrochemical and refining, wood processing, chemical, power generation and natural resources industries. Couplings comprise of the grid, flexible disc, elastomeric and gear product lines and are sold under the Steelflex, Thomas, Omega, Rex, Viva, Wrapflex, Lifelign, True Torque, Addax and Autogard brand names.
The Company primarily produces mounted bearings, which are offered in a range of specialized housings to suit specific industrial applications. Its FlatTop chain provides a continuous conveying surface that is critical to high-speed operations, such as those used to transport cans and bottles in beverage-filling operations, and is primarily sold to the food and beverage, consumer products, warehousing and distribution, and parts processing industries. The Company supplies its aerospace bearings and seals to the commercial aircraft, military aircraft and regional jet end markets for use in door systems, engine accessories, engine controls, engine mounts, flight control systems, gearboxes, landing gear and rotor pitch controls. Rexnord�� aerospace bearings and seals products consist of rolling element airframe bearings sold under the Shafer brand name, slotted-entry and split-ball sliding bearings sold under the PSI brand name and aerospace seals that are sold under the Cartriseal brand name, which are primarily sold for use in both aerospace and industrial applications.
The Company�� special components products consist of three primary product lines: electri! c motor b! rakes, miniature Process & Motion Control components and security devices for utility companies. These products are manufactured by its businesses, such as Stearns, W.M. Berg and Highfield. Stearns��products are used in a range of applications, including steel mills, oil field equipment, pulp processing equipment, large textile machines, rubber mills, metal forming machinery and dock and pier handling equipment. W.M. Berg sells its products to a range of markets, including aerospace, semiconductor, medical equipment, robotics, instrumentation, office equipment and satellite communications. Highfield�� products are sold to a range of markets, including electric, gas, water, telecommunications, utilities and plumbing and heating.
The Company�� conveying equipment and industrial chain products are used in various applications in a number of industries, including food and food processing, beverage and container, mining, construction and agricultural equipment, hydrocarbon processing and cement and aggregates processing. Its primary products include conveying equipment, engineered steel chain, and roller chain. Its conveying equipment product group provides design, assembly, installation and after-the-sale services primarily to the mining, cement and aggregates industries. Its products include engineered elevators, conveyors and components for medium to heavy duty material handling applications. The Company�� engineered steel chain products are sold under the Link-Belt and Rexnord brand names. These products are used in a number of applications, including cement elevators, construction and mining equipment and conveyors, and they are supplied to the cement and aggregates, energy, food and beverage, and forest and wood products industries.
Water Management
The Company�� Water Management platform designs, procures, manufactures and markets products that provide and enhance water quality, safety, flow control and conservation. The Water Management product port! folio inc! ludes professional grade specification drainage products, flush valves and faucet products, engineered valves and gates for the water and wastewater treatment market and PEX piping and are marketed and sold through brand names, including Zurn, Wilkins, VAG, GA, Rodney Hunt and Fontaine. Rexnord�� Water Management platform has a network of approximately 1,100 independent sales representatives across approximately 210 sales agencies in North America, who work with local engineers, contractors, builders and architects to specify its products for use in construction projects. Its water control and safety products are sold under the Wilkins brand name and encompass a variety of valves, including backflow preventers, fire system valves, pressure reducing valves and thermostatic mixing valves. These products are sold into the commercial and industrial construction applications, as well as the fire protection, waterworks and irrigation end markets.
Zurn�� commercial brass products include manual and sensor operated flush valves marketed under the Aquaflush, AquaSense, AquaVantage and HydroVantage brand names and heavy duty commercial faucets marketed under the AquaSpec brand name. Water conserving fixtures are marketed under the EcoVantage and Zurn One brand names. These products are used in office buildings, schools, hospitals, airports, sports facilities, convention centers, shopping malls, restaurants and industrial production buildings. The Zurn One Systems integrate commercial brass and fixtures into plumbing systems. PEX is its product line manufactured out of cross-linked polyethylene into tubing and is suited for high temperature and pressure fluid distribution piping. Its PEX products include lines of pipe, fittings, valves and installation tools for both potable water and radiant heating systems. Its water and wastewater products are sold under the VAG, GA, Rodney Hunt and Fontaine brand names and are used to control the flow of water and wastewater throughout the water cycle from ra! w water t! hrough collection, distribution and wastewater treatment. Products include automatic control valves, check valves, air valves, butterfly valves, water control gates, hydrants, actuation systems, and other specialized products for municipal, industrial, and hydropower applications. Its product lines are primarily sold into the water supply and treatment markets worldwide.
Advisors' Opinion:- [By gurujx]
Rexnord Corp (RXN): SVP & CFO Mark W Peterson Sold 35,983 Shares
SVP & CFO of Rexnord Corp (RXN) Mark W Peterson sold 35,983 shares on 09/19/2013 at an average price of $20.03.
- [By Ben Levisohn]
Each month, Credit Suisse’s small-cap strategists ask the firm’s analyst to name their favorite small- and mid-cap stocks. This month, six new stocks made the list: RPM International (RPM), SunCoke Energy (SXC), Zions Bancorp (ZION), Signature Bank (SBNY), Edwards Lifesciences (EW) and�Rexnord (RXN).
- [By Seth Jayson]
Rexnord (NYSE: RXN ) reported earnings on May 21. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q4), Rexnord met expectations on revenues and beat expectations on earnings per share.
Top 10 Industrial Disributor Companies To Buy For 2014: Ligand Pharmaceuticals Incorporated (LGND)
Ligand Pharmaceuticals Incorporated operates as a biotechnology company. It principally engages in the development and acquisition of royalty revenue generating assets. The company engages in the research, milestone, and royalty revenue activities resulting from its collaborations with pharmaceutical partners. The collaborations primarily include ongoing clinical programs at Bristol-Myers Squibb, GlaxoSmithKline, Pfizer, Merck & Co., Cephalon, Inc, and Celgene. These partnered product candidates are being studied for the treatment of indications, such as thrombocytopenia, rheumatoid arthritis, chronic obstructive pulmonary disease, asthma, osteoporosis, menopausal symptoms, and Alzheimer?s disease. Ligand Pharmaceuticals Incorporated receives royalties principally on sales of Avinza from Pfizer, Promacta from GlaxoSmithKline, and Viviant /Conbriza from Pfizer. The company through its subsidiary, CyDex Pharmaceuticals, Inc., offers four marketed products, as well as has one approved product, a portfolio of partnered drug development programs, an internal pipeline of proprietary drugs, and the Captisol drug formulation platform technology. Ligand Pharmaceuticals Incorporated was formerly known as Progenx Inc. and changed its name in 1989. The company was founded in 1987 and is based in La Jolla, California.
Advisors' Opinion:- [By Namitha Jagadeesh]
Workday Inc. (WDAY) jumped 9.3 percent in early New York trading after predicting quarterly revenue that surpassed estimates. Ligand Pharmaceuticals Inc. (LGND) advanced 3 percent after the market close yesterday as S&P said the company will replace SHFL Entertainment Inc. in its index tracking smaller companies. Nuance Communications Inc. (NUAN) tumbled 7.5 percent in Germany after forecasting full-year sales that missed analysts��projections.
Top 10 Industrial Disributor Companies To Buy For 2014: Liberty Media Corporation(LINTA)
Liberty Interactive, Inc. markets and sells a range of consumer products in the United States and internationally, primarily by means of televised shopping programs on the QVC networks and via the Internet through its Websites. It also provides online content, products, and services to consumers, publishers, and advertisers; performance gear products for backpacking, climbing, skiing, snowboarding, trail running, and adventure travel; supplements, clothing, tanning supplies, accessories, and other bodybuilding products, as well as hosts an online site where visitors could network and exchange information related to bodybuilding; nutraceutical and cosmeceutical products; integration and fulfillment solutions for multi-channel ecommerce merchants; online invitation and social event planning service; tools and information needed to research, plan, book, and experience travel for business and leisure travelers; and gift ideas and interactive, personalized shopping services. In addition, the company offers retailer and interactive lifestyle network products through television home shopping programming on HSN television network and HSN.com; membership services to the vacation ownership industry; commerce, content, and community converge services; perishable products; residential and commercial video, high-speed data, and voice services over its broadband cable systems; and filmed entertainment, interactive services, television networks, cable systems, and music and publishing. Further, it operates as a catalog and online retailer of party supplies and costumes; ecommerce and traditional retailer of premium baby gear and products that provide parents an assortment of products for their babies, such as travel gear, feeding, d�or, and toys; and an online lending and real estate business, which matches consumers with lenders and loan brokers. The company is headquartered in Englewood, Colorado.
Advisors' Opinion:- [By Lawrence Meyers]
InterActiveCorp (IACI) is Barry Diller�� conglomerate of internet companies, not terribly different from John Malone�� Liberty Interactive (LINTA). The strategy for IACI stock has been to wait for a leader in a given sector to emerge and then buy it up, or at least a portion of it. These businesses either have a history of generating lots of cash flow, or have the potential to do so.
- [By Anders Bylund]
Robert "Dob" Bennett was CEO of Liberty Interactive (NASDAQ: LINTA ) from 1997 to 2005. He steered the Internet-leaning company through the dot-com bust and came out stronger. Under Bennett's leadership, Liberty Interactive grew annual sales from $1.2 billion to $7.6 billion. He's been known to stand up to Liberty chairman John Malone on occasion, and he still serves as a board member or executive in several of Liberty's offshoots.
Top 10 Industrial Disributor Companies To Buy For 2014: Philip Morris International Inc(PM)
Philip Morris International Inc., through its subsidiaries, engages in the manufacture and sale of cigarettes and other tobacco products in markets outside of the United States. Its international product brand line comprises Marlboro, Merit, Parliament, Virginia Slims, L&M, Chesterfield, Bond Street, Lark, Muratti, Next, Philip Morris, and Red & White. The company also offers its products under the A Mild, Dji Sam Soe, and A Hijau in Indonesia; Diana in Italy; Optima and Apollo-Soyuz in the Russian Federation; Morven Gold in Pakistan; Boston in Colombia; Belmont, Canadian Classics, and Number 7 in Canada; Best and Classic in Serbia; f6 in Germany; Delicados in Mexico; Assos in Greece; and Petra in the Czech Republic and Slovakia. It operates primarily in the European Union, Eastern Europe, the Middle East, Africa, Asia, Canada, and Latin America. The company is based in New York, New York.
Advisors' Opinion:- [By Chuck Carnevale]
But it was with the last couple of sentences of his blog post that I took the greatest exception. More precisely, I found that his example of Phillip Morris International (PM) to be misleading. However, not because of what Roger included, but rather because of what he left out. I will elaborate more right after the following excerpt where he closed out his blog post:
- [By Victor Selva]
Philip Morris International Inc. (PM) manufactures and markets cigarettes outside the U.S. in 180 countries. The company麓s plan is to introduce new packaging, new blends and other line extensions. A key driver of the company is the strong market share and the economies of scale. Also, the company has combated unfavorable tax regulations with price increases, showing a good price-elasticity.
- [By Patricio Kehoe]
Phillip Morris International Inc. (PM) is the world�� largest tobacco manufacturer in the world, after China National Tobacco, and holds 29% of the entire industry�� market, outside the U.S and China. Most commonly known for its flagship brand, Marlboro (accounts for one-third of total volume), this firm also owns seven of the 15 international leading cigarette brands. Its supporting brands ���&M, Phillip Morris, Bond Street, Parliament, Chesterfield and Lark ���ave allowed the company to attain consistent growth margins over the past decade. Given its addictive product and global manufacturing and distribution system, this comes as little surprise.
Top 10 Industrial Disributor Companies To Buy For 2014: Liquidity Services Inc.(LQDT)
Liquidity Services, Inc. operates various online auction marketplaces for surplus and salvage assets in the United States. Its auction marketplaces include liquidation.com, which enables corporations and selected government agencies located in the United States to sell surplus and salvage consumer goods and capital assets; govliquidation.com that enables government agencies to sell surplus and scrap assets; govdeals.com, which enables local and state government entities, including city, county, and state agencies, as well as school boards and public utilities located in the United States to sell surplus and salvage assets. The company also operates secondipity.com that provides consumers a source of products and a socially conscious online experience through donating a portion of the proceeds of every sale to charity; and truckcenter.com, a marketplace for the sale of idle, surplus, and used fleet and transportation equipment. Its marketplaces provide professional buyers a ccess to supply of surplus and salvage assets presented with customer focused information, including digital images and other relevant product information along with services to complete the transaction; and enable corporate and government sellers to enhance their financial return on excess assets by providing liquid marketplaces and value-added services that integrate sales and marketing, logistics, and transaction settlement. The company offers approximately 500 products organized into various categories, including consumer electronics, general merchandise, apparel, scientific equipment, aerospace parts and equipment, technology hardware, energy equipment, industrial capital assets, fleet and transportation equipment, and specialty equipment. Liquidity Services, Inc. was founded in 1999 and is headquartered in Washington, District of Columbia.
Advisors' Opinion:- [By Jake L'Ecuyer]
Liquidity Services (NASDAQ: LQDT) shares tumbled 12.06 percent to $18.31 after the company announced that it withdrew bid for rolling stock surplus contract.
- [By Jake L'Ecuyer]
Equities Trading DOWN
Shares of Liquidity Services (NASDAQ: LQDT) were down 11.99 percent to $28.85 after Bank of America downgraded the stock from Buy to Underperform. - [By Evan Niu, CFA]
What: Shares of Liquidity Services (NASDAQ: LQDT ) have jumped today by as much as 13% after the company said sales posted a big increase last month.
Top 10 Industrial Disributor Companies To Buy For 2014: Capital Bank Financial Corp (CBF)
Capital Bank Financial Corp, formerly North American Financial Holdings, Inc., incorporated in 2009, is a bank holding Company. The Company focuses on creating a regional banking franchise in the southeastern region of the United States through organic growth and acquisitions of other banks. As of March 31, 2011, the Bank operated 82 branches in Florida, North Carolina and South Carolina. On July 16, 2010, the Bank acquired approximately $1.2 billion of assets and assumed approximately $960.1 million of deposits of three banks from the federal deposit insurance corporation (FDIC): First National Bank of the South in Spartanburg, South Carolina, Metro Bank of Dade County in Miami, Florida and Turnberry Bank in Aventura, Florida. On September 30, 2010 and January 28, 2011, the Bank consummated controlling investments in TIB Financial and Capital Bank Corp., respectively. The Bank�� products and services included commercial bank business, consumer bank business, Mortgage Banking, and Private Banking, Trust and Investment Management. In October 2012, it acquired Southern Community Financial Corp.
Lending activities
As of March 31, 2011, the Bank�� loans included: Real estate mortgage loans, Commercial and agricultural loans and Home equity loans. Real estate mortgage loans include: Commercial, Residential, and Construction and vacant land. As of March 31, 2011, covered loans were $656.6 million, representing 22.3% of its loan portfolio. As of March 31, 2011, non-covered loans were $2.3 billion, representing 77.6% of its loan portfolio. As of March 31, 2011, loans related to real estate totaled $2.6 billion (or 87% of the Bank�� total loan portfolio). At March 31, 2011, commercial real estate loans in all regions totaled $1.8 billion.
Investment activities
Investment securities represent a major portion of the Bank�� assets. As of March 31, 2011, the Bank�� investment securities included mortgage backed securities, United States government agen! cies, states and political subdivisions, corporate bonds, equity, collateralized debt obligations and foreign government. Of the securities in the portfolio, 94% were rated AAA, and 97% were rated A or higher.
Sources of Funds
As of March 31, 2011, the Bank�� deposits included Non-interest demand deposit accounts, Interest Bearing demand deposit accounts, Savings and Money Market. It also included Customer Time Deposits and Wholesale Time Deposits. At March 31, 2011, total deposits were $3.5 billion of which $3.4 billion (or 97%) were non-brokered deposits and $94.4 million (or 3%) were brokered deposits. At March 31, 2011, the Bank�� core deposits (which are all deposits other than time deposits) consisted of $463.2 million of non-interest checking, $430.7 million of negotiable order of withdrawal accounts, $157.5 million of savings accounts and $456.2 million of money market deposits.
The Bank competes with Bank of America, Wells Fargo, BB&T, First Citizens, Royal Bank of Canada, SunTrust, Regions, FNB United Corp., Toronto-Dominion, Synovus, First Financial, SCBT, JPMorgan Chase, Citigroup, EverBank, Fifth Third Bancorp, First Horizon, Pinnacle Financial, First South and U.S. Bancorp.
Advisors' Opinion:- [By Tim Melvin]
The year ahead should be a great one for the smaller bank stocks. Larger regionals like Huntington Bancorp (HBAN) and Capital Ban Financial (CBF) have made it clear they intend to grow by acquisition in the years ahead. Banks like First Merit (FMER) and First Merchants (FRME) have done deals in the past year and are open to doing more to increase their market share and footprints. This should be the year the floodgates open and we see the first wave of merger activity in small banks.
Top 10 Industrial Disributor Companies To Buy For 2014: Enel SpA (ENEL)
Enel SpA is an Italy-based company engaged in the utilities sectors. It operates in seven divisions. The Sales segment focuses on the sale of electricity and gas products and services for end users. The Generation and Energy Management is involved in generation with thermal, natural gas regasification and schedulable hydroelectric power plants. The Infrastructure and Networks distributes electricity and public lighting. The Iberia and Latin America operates in the electricity and gas markets of Spain, Portugal and Latin America. The International segment supports strategies for the European and Russian markets. The Renewable Energy is active in the generation of electricity from renewable resources. The Engineering and Research develops the conventional and nuclear construction of power plants. In November 2013, through Enel Investment Holding BV, it sold a 40% stake in Artic Russia BV, which in turn owns a 49% of the share capital of SeverEnergia, to NK Rosneft' OAO. Advisors' Opinion:- [By Jonathan Morgan]
Enel SpA (ENEL) retreated 3.8 percent to 3.22 euros after Deutsche Bank AG said that its estimates for earnings at Italy�� biggest utility show no potential for growth for 2013 or 2014.
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