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[ February 8, 2016 | Author: admin | Views: 30794 | Weather: | Mood: normal]

Barclays analysts Robert Wertheimer and Adam Seiden explain why they not only upgraded Joy Global (JOY) to Overweight from Equal Weight, but the entire US Machinery Industry to Neutral from Negative: LUKE SHARRETT/BLOOMBERG NEWS We upgrade JOY to OW, PT $14. Mining is extremely depressed, and the aftermarket portion, depressed as well, has substantial value if enough costs can be taken out to reflect the new reality. Peak earnings of ~$7 per share were likely more than half aftermarket/service and compare with current share price of $10. What had kept us on the sidelines was that this quarter should continue a string of weak results, on tough markets in Appalachia and South Africa. The swings at trough may matter less now however… In this note we upgrade our U.S. Machinery Industry view to Neutral from Negative…We see three changes since our launch that warrant a more moderated approach to investing … Continue reading

[ February 8, 2016 | Author: admin | Views: 47903 | Weather: | Mood: normal]

I am retired and will turn 70 in March. I just sent my traditional IRA contribution for 2016, but my IRA administrator said I cant contribute because I will be 70陆 this year. I thought I could contribute before my 70th birthday or at least make a prorated contribution based on the number of months before I turn 70陆. See Our Slide Show: 10 Things You Must Know About Traditional IRAs You can no longer contribute to a traditional IRA starting in the calendar year you turn age 70陆. “It all depends on whether you were born before, on or after July 1,” says Jeffrey Levine, chief retirement strategist for Ed Slott and Co., which provides IRA advice. Because your birthday is before July 1, you wont be able to make a traditional IRA contribution this year, and you cant prorate your contributions for the part of the year before … Continue reading

[ February 8, 2016 | Author: admin | Views: 58420 | Weather: | Mood: normal]

BALTIMORE (Stockpickr) — We’ve had a pretty innocuous week so far in the markets, the big indices adding a few dozen basis points between Monday’s open and Wednesday’s close. All the while, stocks sit within striking distance of fresh all-time highs. Must Read: Warren Buffett’s Top 10 Dividend Stocks Now seems like a good time to point out the fact that the S&P 500 has been a pretty poor proxy for “the stock market” in 2014 (and so have the other big stock indices, for that matter). Sure, it’s been a strong year for the S&P: the index is up 10.8% since January. But more than a third of the S&P’s performance this year has come from just ten stocks. Put simply, many of the biggest stocks on the market are showing very different price action this fall. And that’s providing us with a handful of trading opportunities in some … Continue reading

[ February 8, 2016 | Author: admin | Views: 63780 | Weather: | Mood: normal]

The last twelve months haven’t been kind to Praxair (PX) and Air Products & Chemicals (APD), but UBS analyst John Roberts and team argue that’s about to change, as they upgrade their shares to Buy from Neutral arguing that their earnings can withstand a slowing global economy: In our view, the two stocks are more alike than different. NTM P/Es are within ~0.5 pts of each other. Both stocks have declined ~20% from their historical highs the largest corrections in 20+ years aside from the financial crisis… Industrial gas stocks have normally grown through changes in FX, oil & China demand within normal historical ranges. And investor concerns around China forAir Products & Chemicals may still prove much bigger than reality. Nevertheless, the combination of FX & oil sector impacts on Praxair, and FX & China issues for Air Products & Chemicals, have been much larger than previously seen. With … Continue reading

[ February 8, 2016 | Author: admin | Views: 55944 | Weather: | Mood: normal]

For months, strategists warned that high valuations in the U.S. could leave stocks vulnerable to a correction. But valuations seemed to have had little hand in guiding investors during this year’s steep declines across global markets. Equity markets that were relatively more “expensive”those with higher valuationsdidn’t suffer any more than their “cheaper” counterparts from the recent turbulence, data suggest. That speaks to the host of other factors guiding January’s sharp moves, from oil to central banks. It also underscores what many market observers have known for some timevaluations are a poor predictor of short-term market moves. A comparison of one-year forward price-to-earnings ratios for major bourses in the U.S., Japan, Europe and emerging markets shows little relation between the indexes’ valuations at the start of the year and the extent of their falls. Top 10 Transportation Companies To Buy For 2016: Euro FX(P) Ecopetrol S.A. operates as an integrated oil … Continue reading