Late Thursday, General Motors Co. (NYSE: GM) sent an email notice to all U.S. Chevrolet dealers to stop selling some 2013 and 2014 models of the company’s Cruze compact cars. The order is directed at models equipped with the 1.4-liter turbocharged engine. No recall order has been issued.
GM gave no reason for the order and there was no indication of how many cars are affected.
Karl Brauer, a senior analyst at Kelley Blue Book, offered this comment:
The timing of this stop sale order might appear unfortunate given the publicity surrounding GM’s ignition switch recall, but it actually illustrates a new approach by the automaker. Rather than waiting for a full understanding and planned fix for the Cruze, GM is apparently stopping sales at the first sign of a problem to remove the potential of endangering customers.
According to industry newspaper Automotive News, the Cruze is GM’s best-selling U.S. car, with total sales of 248,224 units in 2013. That could have a negative impact on the company’s April sales, unless GM can resolve the issue quickly. It seems reasonable to conclude that if the issue is serious enough for GM to order a halt to sales, it is very likely serious enough to warrant a recall.
Hot Freight Stocks To Watch Right Now: Neutra Corp (NTRR)
Neutra Corp. incorporated on January 11, 2011, is a development-stage company. The Company�� business and registered office is located in Sarasota, Florida. The Company�� intended private label products consists of aging, cognitive support, antioxidants/flavonoids, circulatory support, detoxification support, endocrine support, essential fatty acids, gastrointestinal support, immune support, men�� health, minerals, mood/sleep support, multiples, musculoskeletal support, neurological support, proteins/amino acids, vitamins, women�� health and veterinary products. The Company�� product focuses to research and development in a range of areas, such as weight-loss, detox, men�� health, acid-alkali pH balance, anti-aging, sleep disorders, autism, pain management with the use of medical cannabis products, and air space sanitation derived by nutraceutical technology.
The Company focuses to market and sell nutraceutical supplement products to health practitioners. It focuses direct marketing and sales towards Members of the American Association for Health Freedom (American Association for Health Freedom has merged with Alliance for Natural Health) www.anh-usa.org; American Association of Naturopathic Physicians, www.naturopathic.org; American Association of Oriental Medicine, www.aaom.org, and American College for Advancement in Medicine, www.acamnet.org. It also focuses direct marketing and sales towards American Holistic Medical Association, www.holisticmedicine.org; American Dietetic Association, www.eatright.org, and American Herbalist Guild, www.americanherbalistsguild.com.
The Company competes with Thone Research, The Vitamin Company, Nutraceutical International Corporation, Protocol For Life, Medagenics and Standard Process.
Advisors' Opinion:- [By CRWE]
Today, NTRR surged (+19.45%) up +0.068 at $.420 with 22,114 shares in play thus far (ref. google finance Delayed: 11:17AM EDT July 11, 2013).
As Neutra Corp. works to deliver new innovations to the U.S. medical marijuana industry, the market for those innovations continues to grow. Last week, lawmakers passed a bill to make New Hampshire the 19th state to approve medical marijuana (MMJ) prescriptions for patients with chronic or terminal illnesses.
The legislation will make New Hampshire the 19th state to legalize MMJ, in addition to the District of Columbia. Five more states have legislation pending to legalize prescriptions, according to ProCon.org.
- [By CRWE]
Today, NTRR has shed (-5.26%) down -0.020 at $.360 with 14,150 shares in play thus far (ref. google finance Delayed: 10:46AM EDT July 3, 2013), but don�� let this get you down.
Neutra Corp. through a key new partnership with an innovative cannabis delivery systems provider in the medical marijuana industry, is poised to make an impact in the lucrative $52 billion pain management market.
With partner Field of View Technologies, LLC, exploring new technology in cannabis delivery systems, NTRR is ready to provide much-needed smokeless delivery systems to those most in need: patients forced to live with debilitating pain.
A recent study by Columbia University found that smoke-free cannabinoid medication was effective in treating pain. Smokeless delivery systems can be administered orally, by injection or topically, giving the patient the choice of treatment method as NTRR and Field of View set the pace in the potentially lucrative pain management market.
Top 10 Companies To Watch For 2014: ARMOUR Residential REIT Inc (ARR)
ARMOUR Residential REIT, Inc.( ARMOUR), incorporated on February 5, 2008, is an externally-managed Maryland corporation managed by ARMOUR Residential REIT, Inc. The Company invests primarily in hybrid adjustable rate, adjustable rate and fixed rate residential mortgage backed securities (RMBS). These securities are issued or guaranteed by a United States Government-sponsored entity (GSE), such as the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac), or are guaranteed by the Government National Mortgage Administration (Ginnie Mae) collectively, Agency Securities. From time to time, a portion of its portfolio may be invested in unsecured notes and bonds issued by United States Government-chartered entities, collectively, Agency Debt. As of December 31, 2012, Agency Securities account for 100% of its portfolio.
The Company seeks long-term investment returns by investing its equity capital and borrowed funds in its targeted asset class of Agency Securities. The Company�� assets have been invested in Agency Securities or money market instruments, primarily deposits at federally chartered banks. The Company borrows against its Agency Securities using repurchase agreements. Its borrowings generally have maturities that may range from one month or less, up to one year, although occasionally it may enter into longer dated borrowing agreements to more closely match the rate adjustment period of its Agency Securities.
Advisors' Opinion:- [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.
- [By David Hanson]
The primary reason for the sell-off of�Annaly Capital (NYSE: NLY ) ,�American Capital Agency (NASDAQ: AGNC ) , and Armour Residential (NYSE: ARR ) , just three of the funds that mainly invest in MBSes backed by Fannie Mae and Freddie Mac, is the fear that the inevitable rise in interests rates will damage firms' book values and further squeeze net interest margins, thus shrinking net income and dividend payouts.
- [By Amanda Alix]
Stock prices take a dive amid the panic
Mortgage REITs have been in the grips of a Fed-induced taper terror ever since the Federal Open Market Committee ended its two-day meeting in June. Sector heavy Annaly Capital (NYSE: NLY ) has been hit by an 11% dip in share price since June 18, with Armour Residential (NYSE: ARR ) experiencing the same percentage drop. Meanwhile, American Capital Agency (NASDAQ: AGNC ) has seen its own stock take a 14% dive.
Top 10 Companies To Watch For 2014: Oriental Financial Group Inc.(OFG)
Oriental Financial Group Inc., a financial holding company, provides various banking and financial services to mid and high net worth individuals, and families, including professionals and owners of small and mid-sized businesses primarily in Puerto Rico. It operates in three segments: Banking, Wealth Management, and Treasury. The Banking segment offers commercial and consumer lending, saving and time deposit products, financial planning, and corporate and individual trust services. It also provides mortgage lending products that include the origination and purchase of residential mortgage loans. As of October 25, 2011, this segment operated 30 branches in Puerto Rico. The Wealth Management segment offers securities brokerage, trust services, retirement planning, insurance, pension administration, and other wealth management services. Its securities brokerage services include various investment alternatives, such as tax-advantaged fixed income securities, mutual funds, sto cks, and bonds to retail and institutional clients. This segment also provides public offerings and private placements of debt and equity securities, underwriting, and merger and acquisition and financial restructuring advisory services. In addition, it engages in insurance agency services and administration of retirement plans in the United States, Puerto Rico, and the Caribbean. The Treasury segment is involved in various treasury related functions with an investment portfolio consisting of mortgage-backed securities, obligations of U.S. government sponsored agencies, Puerto Rico government and agency obligations, structured credit investments, and money market instruments. The company was founded in 1964 and is based in San Juan, Puerto Rico.
Advisors' Opinion:- [By Paul Ausick]
The third recommended multinational is another Puerto Rican bank, OFG Bancorp (NYSE: OFG). A recent dividend increase could indicate a share buyback for next year. The bank raised its EPS guidance in every quarter of 2013. This small cap bank closed at $16.82 on Friday in a 52-week range of $12.86 to $19.33. The Sterne Agee price target on the stock is $23.00, yielding a potential upside of almost 79%. The EPS estimate for 2014 is $2.05 and the stock�� forward multiple for 2014 is a low 8.3 from the firm while the consensus multiple is 9.45.
- [By Marc Bastow]
Diversified financial services company OFG Bancorp (OFG) raised its quarterly dividend 33% to 8 cents per share, payable on Jan. to shareholders of record as of Dec. 31.
OFG Dividend Yield: 1.8%
Top 10 Companies To Watch For 2014: Asbury Automotive Group Inc (ABG)
Asbury Automotive Group, Inc. (Asbury), incorporated on February 15, 2002, is an automotive retailers in the United States. As of December 31, 2011, the Company operated 99 franchises (79 dealership locations). It offers a range of automotive products and services, including new and used vehicles; vehicle maintenance; replacement parts and collision repair services; new and used vehicle financing, and aftermarket products, such as insurance, warranty and service contracts. As of December 31, 2011, it offered 30 domestic and foreign brands of new vehicles. Its brand mix is weighted 84% towards luxury and mid-line import brands, with the remaining 16% consisting of domestic brands. As of December 31, 2011, it operated dealerships in 18 metropolitan markets throughout the United States. As of December 31, 2011, its retail network consisted of eight locally-branded dealership groups. As of December 31, 2011, its brand names included Nalley Automotive Group, Courtesy Autogroup, Coggin Automotive Group, Crown Automotive Company, David McDavid Auto Group, North Point Auto Group, Gray-Daniels Auto Family and Plaza Motor Company. During the year ended December 31, 2011, the Company sold its heavy truck business in Atlanta, Georgia, two franchises and one additional ancillary business. On May 2, 2011, the Company sold its luxury brand dealership in California. In December 2012, the Company acquired a Volkswagen and a Bentley store in the Atlanta, Georgia market.
New Vehicle Sales
As of December 31, 2011, the Company owned a range of 30 American, European and Asian brands. Its new vehicle unit sales consist of the sale of new vehicles to individual retail customers (new vehicle retail) and the sale of new vehicles to commercial customers (fleet). During the year ended December 31, 2011, it sold 71,449 new vehicles through its dealerships. During 2011, new vehicle sales were 54% of its total revenues and 22% of its total gross profit. The Company�� new vehicle revenues include new vehi! cle sale and lease transactions arranged by its dealerships with third parties.
Used Vehicle Sales
The Company sells used vehicles at all of its dealership locations. Used vehicle sales include the sale of used vehicles to individual retail customers (used retail) and the sale of used vehicles to other dealers at auction (wholesale). During 2011, it sold 55,805 used retail vehicles through its dealerships. During 2011, sales of used retail vehicles accounted for approximately 25% of its total revenues. During 2011, wholesale sales represented 4% of its total revenues.
The Company�� new vehicle operations provide its used vehicle operations with a supply of trade-ins and off-lease vehicles. It also purchases a portion of its used vehicle inventory at auctions restricted to new vehicle dealers and open auctions, which offer vehicles sold by other dealers and repossessed vehicles. Its used vehicle inventory is sold as wholesale if a vehicle is not sold at retail within 60 days, except for used vehicles, which does not fit within its inventory mix. The reconditioning of used vehicles also generates revenue for its parts and service departments.
Parts and Service
Asbury sells replacement parts and provides vehicle maintenance and collision repair service at all of its franchised dealerships, for the vehicle brands sold at those dealerships. As of December 31, 2011, in addition, it maintained 25 free-standing collision repair centers either on the premises of, or in close proximity to, its dealerships. During 2011, parts and service revenues accounted for approximately 14% of its total revenues.
Finance and Insurance
The Company refers to the finance and insurance portion of its business as F&I. Through its F&I business, it arranges, and receives commissions for, third-party financing of the sale or lease of new and used vehicles to customers, as well as offers a range of aftermarket products, such as extended servi! ce contra! cts, guaranteed asset protection (GAP) debt cancellation, pre-paid maintenance and credit life and disability insurance. It also generates F&I revenues from the receipt of marketing fees paid to it under agreements with preferred lenders. During 2011, its F&I business generated approximately 3% of its total revenues. Extended service contracts cover repair work after the expiration of the manufacturer warranty. GAP debt cancellation covers the customer after a total loss for the difference between the value of the vehicle and the outstanding loan or lease obligation after insurance proceeds. Prepaid maintenance covers routine maintenance work, such as oil changes, cleaning and adjusting of brakes, multi-point vehicle inspections and tire rotations. Credit life and disability covers the remaining amounts due on an auto loan or a lease in the event of death or disability.
The Company earns sales-based commissions from third-party lenders, including manufacturer captive finance subsidiaries which arranges on behalf of its customers. It may be charged back (chargebacks) for these commissions in the event a finance contract is cancelled or repaid, typically within the first 90 days of such contract. During 2011, it arranged customer financing on approximately 70% of the vehicles it sold. The Company is a party to a range of preferred lender agreements. These payments are determined by the lenders based upon an agreed-upon earnings schedule.
Advisors' Opinion:- [By Seth Jayson]
Calling all cash flows
When you are trying to buy the market's best stocks, it's worth checking up on your companies' free cash flow once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That's what we do with this series. Today, we're checking in on Asbury Automotive Group (NYSE: ABG ) , whose recent revenue and earnings are plotted below. - [By Jeremy Bowman]
What: Shares of Asbury Automotive Group (NYSE: ABG ) were revving up today, gaining as much as 15% after posting a strong earnings report.
- [By Inyoung Hwang]
Fresnillo Plc (FRES) and Polymetal International Plc sank at least 7 percent to lead declines in the Stoxx 600 after the precious-metals producers were not included in the NYSE Arca Gold Miners Index. Fresnillo tumbled 13 percent to 1,045 pence. Polymetal plunged 7.1 percent to 659.5 pence. African Barrick Gold Plc (ABG) also fell, losing 12 percent to 143.9 pence.
Top 10 Companies To Watch For 2014: Epizyme Inc (EPZM)
Epizyme, Inc., incorporated on November 1, 2007, is a clinical stage biopharmaceutical company that discovers, develops and plans to commercialize personalized therapeutics for patients with genetically defined cancers. The Company systematically identify the genetic alterations that create cancer causing genes, called oncogenes, select patients in whom the identified genetic alteration is found and then design small molecule therapeutics to inhibit the oncogene. The clinical development plan for each of its product candidates is directed towards patients with a particular genetically defined cancer.The Company is conducting a Phase I clinical trial of its advanced product candidate, EPZ-5676, an inhibitor targeting the DOT1L HMT, for the treatment of mixed lineage leukemia (MLL-r). The Company has identified its two lead product candidates using its product platform.
EPZ-5676-DOT1L Inhibitor
EPZ-5676 is an intravenously administered small molecule inhibitor of DOT1L. The Company is developing EPZ-5676 for the treatment of MLL-r, an aggressive subtype of the two most common forms of acute leukemia, ALL and AML. Patients with MLL-r are routinely diagnosed with existing technologies that are commonly used in clinical setting. The Company�� Phase 1 clinical trial of EPZ-5676 is an open label, multicenter trial that has two phases.
EPZ-6438-EZH2 Inhibitor
The Company is developing EPZ-6438 as an orally available small molecule inhibitor of EZH2 for the treatment of non-Hodgkin lymphoma patients who have an oncogenic point mutation in EZH2. EZH2 is an HMT that can become oncogenic and cause non-Hodgkin lymphoma and a range of other solid tumors. Two types of non-Hodgkin lymphoma, diffuse large B-cell lymphoma of germinal-center origin, or DLBCL, and follicular lymphoma, or FL, are particularly associated with an EZH2 point mutation. There are no therapies approved specifically for the treatment of cancer associated with an EZH2 point mutation.
Advisors' Opinion:- [By Laura Brodbeck]
Friday
Earnings Expected From: Epizyme (NASDAQ: EPZM), Dyax Corp (NASDAQ: DYAX) Economic Releases Expected: ��German GDP, German business climate index, Italian retail sales.Get all the #premarket info by listening in to Benzinga's morning show at 8:00 am EST Monday-Friday!
- [By John Udovich]
On Tuesday, small cap biopharmaceutical company Epizyme Inc (NASDAQ: EPZM) surged 75.56% after the company announced that its�EPZ-5676, a DOT1L inhibitor for acute leukemias, had reached its proof-of-concept milestone, meaning its worth taking a closer look at the stock as well as look at the share performance of cancer stocks like large cap Celgene Corporation (NASDAQ: CELG) and small caps�Dendreon Corporation (NASDAQ: DNDN) and Geron Corporation (NASDAQ: GERN).
Top 10 Companies To Watch For 2014: USmart Mobile Device Inc (UMDI)
USmart Mobile Device Inc., formerly ACL Semiconductors Inc., incorporated on September 17, 2002, the Company is engaged primarily in the business of distributing memory products under the Samsung brand name, which consists of Dynamic Random Access Memory (DRAM), Graphic Random Access Memory (Graphic RAM) and Flash for the Hong Kong and Southern China markets. The primary products the Company distributes and sells include Synchronous Dynamic Random Access Memory (SDRAMs), DDRs (DDR1, DDR2 and DDR3), Flash memory, Graphic RAM and LCD panels. In September 2012, the Company acquired Jussey Investments Limited.
Synchronous Dynamic Random Access Memory (SDRAMs), or mobile SDRAM, are used semiconductor memory component in computer peripherals, such as Hard Disk Drives (HDD), Digital Still Camera (DSC), Modems, ADSL Applications, DVD player, Set-top Box (STB), Digital TV, High Definition TV (HDTV) and Portable Multimedia Players (PMP). DDRs (DDR1, DDR2 and DDR3) are random access memory components that transfer data on both 0-1 and 1-0 clock transitions, theoretically yielding twice the data transfer rate of normal RAM or SDRAM.
Flash memory is a specialized type of memory component used to store user data and program code; it retains this information even when the power is off. Although Flash is predominantly used in mobile phones and tablets, it is commonly used in multi-media digital storage applications for products, such as moving picture experts group layer-3 audio (MP3) players, digital still camera DSC, Digital Voice Recorders, universal serial bus (USB) Disks and Flash Cards. Graphic RAM is a special purpose DDR (GDDR1, GDDR2, GDDR3, GDDR4) that is used in graphic products which require high-speed 3-dimensional calculation performance and a memory size to be used as data storage buffer for digital versatile disc (DVD) and computer game displays. LCD panels are a component in consumer electronics, such as LCD TVs, tablets, smartphones, notebooks, digital phone frames and por! table game consoles.
The Company competes with Toshiba, Hynix, Nanya, PSC, Promos, ISSI and ESMT.
Advisors' Opinion:- [By Peter Graham]
Last Friday, small cap stocks MedCAREERS Group Inc (OTCMKTS: MCGI), USmart Mobile Device Inc (OTCMKTS: UMDI) and Drinks Americas Holdings, Ltd (OTCMKTS: DKAM) were all over the place with the first two sinking 54% and 48.05%, respectively, while the last one rose 10.81%. It should be mentioned that all three small cap stocks have been the subject of paid promotions albeit none of these stocks have been over promoted. So where can investors and traders expect these stocks to head this week? Here is a quick look at what you might expect:
Top 10 Companies To Watch For 2014: Lockheed Martin Corporation(LMT)
Lockheed Martin Corporation engages in the research, design, development, manufacture, integration, operation, and sustainment of advanced technology systems and products in the areas of defense, space, intelligence, homeland security, and government information technology in the United States and internationally. It also provides management, engineering, technical, scientific, logistic, and information services. The company operates in four segments: Aeronautics, Electronic Systems, Information Systems & Global Services (IS&GS), and Space Systems. The Aeronautics segment offers military aircraft, including combat and air mobility aircraft, unmanned air vehicles, and related technologies. Its products and programs comprise the F-35 multi-role, stealth fighter; the F-22 air dominance and multi-mission stealth fighter; the F-16 multi-role fighter; the C-130J tactical transport aircraft; and the C-5M strategic airlifter modernization program; and support for the P-3 maritime patrol aircraft, and the U-2 high-altitude reconnaissance aircraft. The Electronic Systems segment provides air and missile defense; tactical missiles; weapon fire control systems; surface ship and submarine combat systems; anti-submarine and undersea warfare systems; land, sea-based, and airborne radars; surveillance and reconnaissance systems; simulation and training systems; and integrated logistics and sustainment services. The IS&GS segment offers information technology solutions and advanced technology primarily in the areas of software and systems integration for space, air, and ground systems to various defense and civil government agencies. The Space Systems segment provides government and commercial satellites; strategic and defensive missile systems, including missile defense technologies and systems, and fleet ballistic missiles; and space transportation systems. Lockheed Martin Corporation was founded in 1909 and is based in Bethesda, Maryland.
Advisors' Opinion:- [By Rich Duprey]
Global aerospace contractor�Lockheed Martin� (NYSE: LMT ) announced yesterday its third-quarter dividend of $1.15 per share, the same rate it's paid for the past three quarters after raising the payout 15% from $1.00 per share. It marked the 10th consecutive annual dividend increase the company had made.
- [By Rich Smith]
Lockheed Martin (NYSE: LMT ) landed two contracts in Tuesday's list of new Pentagon spending awards -- one large, one not so much.
The bigger of Lockheed's two contract wins was actually a modification to an existing contract. Lockheed will receive $101.6 million to pay for "re-phasing" a Spacecraft Integration and Test contract to put it in line with new launch dates for a pair of Defense Meteorological Satellite Program, or DMSP, launches, specifically Flight 19 and Flight 20.
- [By Rex Moore]
The Navy League's Sea-Air-Space Exposition is the largest maritime expo in the U.S., and brings together dozens of defense contractors and military decision-makers. The Motley Fool's Rex Moore was at the event in National Harbor, Maryland, and saw demonstrations of several technologies. In the video below he shows us how General Dynamics (NYSE: GD ) is increasing the capability of U.S. submarines, including new ways to launch and recover the Lockheed Martin (NYSE: LMT ) autonomous underwater vehicle.
No comments:
Post a Comment