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 software automation company Marketo (NASDAQ: MKTO ) surged 12% today on continued enthusiasm for its long-term growth prospects.
So what: The stock skyrocketed 75% on Friday when Marketo launched its IPO, so today's follow-up rally suggests that investor interest in the space only increasing. In fact, software gorilla Oracle�recently acquired Marketo's main rival, Eloqua, which is probably giving traders the justification they need to keep bidding up Marketo.
Now what: With such strong cloud-computing trends working in its favor, Marketo is certainly worth following. "Buyers really want to deal with category leaders," said CEO Phil Fernandez. "I think the real demand is for pure play companies in each segment. That really lets us shine as that company." Of course, given just how much growth is baked into the stock right now, I'd wait for a big hiccup before buying into that bullishness. �
Top 5 Construction Companies To Watch For 2015: North American Oil & Gas Corp (NAMG)
Calendar Dragon Inc., incorporated on April 7, 2010, is a development-stage company. The Company was formed to create a new calendaring tool that incorporates a range of features not offered by other providers, all in one lean online package. Its Website www.calendardragon.com was formed to bridge the gap between current social networking, e-mail and calendaring / scheduling activities for the individual, with applications to business, government, law enforcement, and medical.
The calendardragon.com Website focuses on having each of the various windows within the interface: Contacts like an email app, traditional left location; Events & to do lists along with ability to hide / show events and to do lists with others; Calendar customizable view; Message text (thread), along with list of participants in a separate pane, and Options. During the fiscal year ended November 30, 2010, the Company did not generate any revenue.
Advisors' Opinion:- [By Peter Graham]
What�� the Catch With New Western Energy Corp? According to various disclosures, transactions of $3k and $4k have or will occur to mention New Western Energy Corp in various investment newsletters. Last Tuesday, New Western Energy Corp announced it had drilled the Anna #1 well to 1,793 ft. and the presence of coal gas was confirmed. If the quantity of gas is sufficient, the New Western Energy Corp will construct a gas gathering pipeline for no more than $200k to connect the field to the nearest sales point. Investors should be aware that the New Western Energy Corp has reported revenues of $19k (most recent reported quarter), $31k, $24k and $15k for the past four quarters along with net losses of $181k (most recent reported quarter), $1,025k, $106k and $110k.�Nevertheless and at the end of March, New Western Energy Corp had $793k in cash to cover $521k in current liabilities. That could be enough cash to sustain the company until it gets more revenue pumping in.
North American Oil & Gas Corp (OTCBB: NAMG) Has Announced a Completed Strategic ReviewSmall cap North American Oil & Gas Corp is focused on the prolific San Joaquin Basin in onshore California with existing foundation assets targeting exploration and exploitation of high impact oil and gas projects located near infrastructure and existing discoveries. On Friday, North American Oil & Gas Corp fell 1.05% to $0.940 for a market cap of $56.52 million plus NAMG is up 276% since November 2012 according to Google Finance.
Top 10 Electric Utility Stocks To Own Right Now: NEW GOLD INC.(NGD)
New Gold Inc. engages in the acquisition, exploration, extraction, processing, and reclamation of mineral properties. The company primarily explore for gold, silver, and copper deposits. Its operating properties include the Mesquite gold mine in the United States; the Cerro San Pedro gold-silver mine in Mexico; and the Peak gold-copper mine in Australia. The company also has development projects, including the New Afton gold, silver, and copper project in Canada; and a 30% interest in the El Morro copper-gold project in Chile. The company was formerly known as DRC Resources Corporation and changed its name to New Gold Inc. in June 2005. New Gold Inc. was founded in 1980 and is headquartered in Vancouver, Canada.
Advisors' Opinion:- [By Ben Levisohn]
On an adjusted basis, Eldorado Gold (EGO) has the longest reserve/resource life amongst our coverage companies (39 years) with Goldcorp (GG) having the longest reserve/resource life (23 years) amongst the senior producers versus the group average of 22 years. Kinross Gold (KGC) and Iamgold (IAG) have the shortest adjusted reserve/resource lives amongst the senior and mid-tier producers (18 and 14 years respectively). On a percentage basis, the companies most affected by the adjustment are New Gold (NGD) and Iamgold which both saw reserve/resource lives fall by 47% however, we note that despite the adjustment,�New Gold still has the second longest reserve/resource life in our group (37 years). Newmont Mining was the least affected by the adjustments with reserve/resource life declining by only 12% to 22 years from 25 years.
Top 10 Electric Utility Stocks To Own Right Now: Caseys General Stores Inc.(CASY)
Casey?s General Stores, Inc., together with its subsidiaries, operates convenience stores under the Casey?s General Store, HandiMart, and Just Diesel names in 11 Midwestern states, primarily Iowa, Missouri, and Illinois. Its stores offer foods, beverages, dairy and bakery products, sandwiches, fountain drinks, donuts, cookies, brownies, Danish rolls, ham and cheese sandwiches, pork and chicken fritters, sausage sandwiches, chicken tenders, popcorn chicken, breakfast croissants and biscuits, breakfast pizza, hash browns, quarter-pound hamburgers and cheeseburgers, and potato cheese bites. The company?s stores also provide nonfood items, which include tobacco products, health and beauty aids, school supplies, house wares, pet supplies, photo supplies, and automotive products. In addition, it offers gasoline or gasohol for sale on a self-service basis. As of July 31, 2011, the company operated 1,665 stores. The company was founded in 1959 and is headquartered in Ankeny, Iowa.
Advisors' Opinion:- [By Sue Chang]
Casey�� General Stores (CASY) �is likely to post fiscal fourth-quarter earnings of 53 cents a share. Strong merchandise sales were likely to have been offset by weaker fuel margin, according to analyst Ronald Bookbinder at Benchmark. He also maintained the stock�� price target at $86 on Friday.
- [By Lawrence Meyers]
It�� been a mighty weird year for Casey�� General Stores (CASY). The company has had some tough quarters, but just when things are looking bleak, the team got some runners on base and drove a few home.
- [By Editor , Dividend Growth Investor]
Casey’s General Stores (CASY) has managed to increase dividend for 14 consecutive years. Over the past decade, the company has managed to boost dividends by 19.10% per year.Yield: 1.10% (analysis)
Top 10 Electric Utility Stocks To Own Right Now: AMR Corp (AAMRQ)
AMR Corporation (AMR), incorporated in October 1982, operates in the airline industry. The Company�� principal subsidiary is American Airlines, Inc. (American). As of December 31, 2011, American provided scheduled jet service to approximately 160 destinations throughout North America, the Caribbean, Latin America, Europe and Asia. AMR Eagle Holding Corporation (AMR Eagle), a wholly owned subsidiary of AMR, owns two regional airlines, which do business as American Eagle - American Eagle Airlines, Inc. and Executive Airlines, Inc. (collectively, the American Eagle carriers). American also contracts with an independently owned regional airline, which does business as AmericanConnection (the AmericanConnection carrier). As of December 31, 2011, AMR Eagle operated approximately 1,500 daily departures, offering scheduled passenger service to over 175 destinations in North America, Mexico and the Caribbean.
American, AMR Eagle and the AmericanConnection airline served more than 250 cities in approximately 50 countries with, on average, 3,400 daily flights and the combined network fleet numbered approximately 900 aircraft as of December 31, 2011. American Airlines is also a founding member of the oneworld alliance, which includes British Airways, Cathay Pacific, Finnair, LAN Airlines, Iberia, Qantas, JAL, Malev Hungarian, Mexicana, Royal Jordanian and S7 Airlines. Together, oneworld members serve 750 destinations in approximately 150 countries, with about 8,500 daily departures. American is also one of the scheduled air freight carriers in the world, providing a range of freight and mail services to shippers throughout its system onboard American�� passenger fleet.
To improve access to each other�� markets, American has established marketing relationships with other airlines and rail companies. As of December 31, 2011, American had marketing relationships with Air Berlin, Air Pacific, Air Tahiti Nui, Alaska Airlines, British Airways, Cape Air, Cathay Pacific, China Eastern Airl! ines, Dragonair, Deutsche Bahn German Rail, EL AL, Etihad Airways, EVA Air, Finnair, GOL, Gulf Air, Hawaiian Airlines, Iberia, Japan Airlines (JAL), Jet Airways, JetStar Airways, LAN (includes LAN Airlines, LAN Argentina, LAN Ecuador and LAN Peru), Niki Airlines, Qantas Airways, Royal Jordanian, S7 Airlines, and Vietnam Airlines.
American has established the AAdvantage frequent flyer program (AAdvantage). AAdvantage members earn mileage credits by flying on American, American Eagle and the AmericanConnection carrier or by using services of other participants in the AAdvantage program. Mileage credits can be redeemed for free, discounted or upgraded travel on American, American Eagle or other participating airlines, or for other awards. American sells mileage credits and related services to other participants in the AAdvantage program. There are over 1,000 program participants, including a credit card issuer, hotels, car rental companies, and other products and services companies in the AAdvantage program. As of December 31, 2011, AAdvantage had approximately 69 million total members.
The Company competes with Alaska Airlines (Alaska), Delta Air Lines (Delta), Frontier Airlines, JetBlue Airways (JetBlue), Hawaiian Airlines, Southwest Airlines (Southwest) and AirTran Airways (Air Tran), Spirit Airlines, United Airlines (United) and Continental Airlines (Continental), US Airways and Virgin America Airlines.
Advisors' Opinion:- [By Adam Levine-Weinberg]
Most airlines are profitable today; even bankrupt American Airlines (NASDAQOTH: AAMRQ ) recently announced that it earned a profit (excluding one-time items) in the seasonally weak Q1. However, because the industry is cyclical, profitability today does not guarantee that these companies will remain profitable over a long period of time. For the most part, airlines are not growing rapidly, either. In fact, many are shrinking.
- [By Rich Smith]
On Monday, in a joint announcement, merging partners AMR Corporation (NASDAQOTH: AAMRQ ) and US Airways (NYSE: LCC ) announced that after they have merged. Current AMR Chairman and CEO Tom Horton will serve as chairman of the board of the new company, while US Airways Chairman and CEO Doug Parker will serve as�CEO of the new American and also sit on the board of directors.
- [By Ben Levisohn]
What a wild ride it’s been for AMR Corp. (AAMRQ) shareholders. The parent of American Airlines lost 45% on the day when the DoJ said it would try to block its merger with US Airways (LCC). Then it started rising as support for the deal grew and analysts predicted as much as a 75% chance that the AMR Corp. and US Airways merger would go through.
Associated PressCall it 99%. Today the DoJ announced that it would approve the merger, although the combined airline would have to give up some gates at certain airports to promote competition.
Cowen’s Helane Becker and Conor Cunningham call it “the merger than never should been blocked.” They write:
Despite the divestitures, the companies maintained their synergy target of $1 Bn annually by 2015. We believe the company will achieve 25% to 35% of their target in 2014. We have always been skeptical of airline synergy targets but believe the company has significant earnings potential when a single operating certificate is achieved…
We view the settlement as positive for both the group and more importantly US Airways. The $1.0 billion synergy target is unchanged from prior guidance, despite slot divestitures at Washington National Airport and New York LaGuardia Airport, as well as gates at Boston Logan, Chicago O’Hare, Dallas Love Field, Los Angeles International and Miami
International. We would be a buyer of US Airways on any weakness as momentum traders will probably look to sell despite having a positive outlook on profitability going forward.S&P Capital IQ’s Jim Corridore reiterated his Strong Buy on US Airways:
The Department of Justice has issued a press release outlining terms of an agreed upon settlement that will allow the merger to go through. LCC will give up 104 slots at Reagan not reserved for smaller planes, 34 slots at LaGuardia, and gates and facilities at various other airports throughout the U.S. We think the
- [By Adam Levine-Weinberg]
On the other hand, investors who expect United Continental (NYSE: UAL ) or American Airlines -- the product of an upcoming merger between US Airways (NYSE: LCC ) and AMR (NASDAQOTH: AAMRQ ) -- to follow suit are probably mistaken. Whereas Delta has achieved predictable positive free cash flow through disciplined capital allocation, United and the new American are poised to spend heavily on capex. This may prevent them from reliably generating free cash flow.
Top 10 Electric Utility Stocks To Own Right Now: EMC Insurance Group Inc. (EMCI)
EMC Insurance Group Inc., an insurance holding company, engages in property and casualty insurance, and reinsurance activities. It operates in two segments, Property and Casualty Insurance, and Reinsurance. The Property and Casualty Insurance segment writes commercial and personal lines of insurance with a focus on medium-sized commercial accounts. Its commercial lines of insurance products comprise automobile, property, workers� compensation, and liability, as well as other products that provide protection against burglary and theft loss, aircraft, marine, and other types of losses; and personal lines of insurance products include automobile, property, and liability. The Reinsurance segment provides reinsurance for other insurers and reinsurers. The company serves small to medium-sized businesses, institutions, and individual consumers. EMC Insurance Group Inc. sells its products through independent insurance agents. The company was founded in 1974 and is headquartered i n Des Moines, Iowa. EMC Insurance Group Inc. is a subsidiary of Employers Mutual Casualty Company.
Advisors' Opinion:- [By Caroline Bennett]
EMC Insurance (NASDAQ: EMCI ) this week declared plans to keep its quarterly dividend payout steady at $0.21 per share of common stock.
Top 10 Electric Utility Stocks To Own Right Now: LNB Bancorp Inc.(LNBB)
LNB Bancorp, Inc. operates as the holding company for The Lorain National Bank that provides commercial and retail banking, investment management, and trust services to individual, municipal, and corporate customers in Ohio. It offers various transaction and time deposit accounts, including demand deposits, interest-bearing checking accounts, savings accounts, money market accounts, consumer time deposits, public time deposits, and brokered time deposits, as well as cash management services. The company also provides commercial and industrial loans, commercial real estate loans, construction and equipment loans, letters of credit, revolving lines of credit, small business administration loans, and government guaranteed loans; and residential mortgages, direct and indirect automobile loans, personal loans, second mortgages, and home equity lines of credit. In addition, it offers safe deposit boxes, night depository, U.S. savings bonds, travelers? checks, money orders, cash iers checks, automated teller machines (ATMs), debit cards, wire transfers, electronic funds transfers, and foreign drafts, as well as foreign currency, phone and Internet banking, and lockbox services. Further, the company provides bank-owned life insurance, as well as title insurance. It operates through 20 retail-banking locations and 30 ATMs in Lorain, Erie, Cuyahoga, and Summit counties in the Ohio communities of Lorain, Elyria, Amherst, Avon, Avon Lake, LaGrange, North Ridgeville, Oberlin, Olmsted Township, Vermilion, Westlake, and Hudson, as well as a business development office in Cuyahoga County. The company was founded in 1905 and is headquartered in Lorain, Ohio.
Advisors' Opinion:- [By Monica Wolfe]
LNB Bancorp (LNBB)
Over the past week there were three directors making four buys of LNB Bancorp stock. These three directors made their buys at the price of $10.30 per share.
- [By Rich Duprey]
Commercial banking concern�LNB Bancorp� (NASDAQ: LNBB ) �announced yesterday�its second-quarter dividend of a penny per share, the same rate it's paid since 2009, when it cut the payout from $0.09.
Top 10 Electric Utility Stocks To Own Right Now: Durata Therapeutics Inc (DRTX)
Durata Therapeutics, Inc., incorporated on November 4, 2009, is a pharmaceutical company focused on the development and commercialization of therapeutics for patients with infectious diseases and acute illnesses. The Company enroll and dose patients in two global Phase III clinical trials with its product candidate, dalbavancin, for the treatment of patients with acute bacterial skin and skin structure infections (abSSSI). Dalbavancin is an intravenous antibiotic product candidate designed for once-weekly dosing. In addition to abSSSI, the Company focuses on the development of dalbavancin for additional indications, including osteomyelitis, diabetic foot infection and pneumonia.
As of December 31, 2011, Dalbavancin had already completed three Phase III clinical trials, in which more than 1,000 patients in total received dalbavancin. Dalbavancin achieved its primary efficacy endpoint of non-inferiority in each of these three completed Phase III clinical trials when compared to linezolid, cefazolin or vancomycin, three of the standard-of-care agents for uncomplicated skin and skin structure infections (uSSSI), and complicated skin and skin structure infections (cSSSI). Its two ongoing Phase III clinical trials are designed to compare dalbavancin to vancomycin, with an option to switch to oral linezolid, under the new FDA draft guidance.
The Company competes with Pfizer, Cubist Pharmaceuticals, Inc., Theravance, Inc., Forest Laboratories, Inc., Sanofi-Aventis Ltd., The Medicines Company, Trius Therapeutics, Inc., Cempra, Inc., Rib-X Pharmaceuticals, Inc., Paratek Pharmaceuticals, Inc., Nabriva Therapeutics AG, Tetraphase Pharmaceuticals, Inc. and Furiex Pharmaceuticals, Inc.
Advisors' Opinion:- [By Lisa Levin]
Durata Therapeutics (NASDAQ: DRTX) shares climbed 5.30% to $14.18. The volume of Durata Therapeutics shares traded was 861% higher than normal. The FDA Advisory Committee unanimously recommended the approval of Durata's Dalvance.
- [By Bob's Stocks]
Durata Therapeutics (DRTX) is developing Dalbavancin, a once a week, intravenous antibiotic product candidate, for the treatment of patients with acute bacterial skin and skin structure infections, or ABSSSI. The company is expected to file a NDA (New Drug Application) at any moment and MAA (Marketing Authorization Application) at the end of 2013.
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