Credit Suisse analysts Susan Roth Katzke and Athena Xie argue that “there’s upside to be realized” in big banks stocks like JPMorgan Chase (JPM), Bank of America (BAC), Citigroup (C), Wells Fargo (WFC) and Goldman Sachs (GS). They explain why:
The CS Large Cap Banks are ~30% above their mid-February lowsbut still down 4% year-to-date and trading at a below average 1.0x price/book value. There’s upside to be realized, albeit with a more equally balanced risk/reward profile. A sustained rally relies on visibility into an extended business cycle (positive U.S. and global GDP growth) and with that, manageable credit cost increases and improved capital markets prospects. We’re late in the cycle; there will be volatility. We put the upside at 10-15% for our recommended names, JPMorgan Chase, Bank of America, Citigroup,Wells Fargo and Goldman Sachs.
Top 10 Gold Stocks To Invest In Right Now: Telefonica Brasil S.A.(VIV)
- [By Lisa Levin]
In trading on Wednesday, telecommunications services shares slipped by 0.08 percent. Meanwhile, top losers in the sector included Turkcell Iletisim Hizmetleri A.S. (ADR) (NYSE: TKC), down 2 percent, and Telefonica Brasil SA (ADR) (NYSE: VIV), down 2.5 percent.
- [By Sofia Horta e Costa]
Vivendi (VIV) rose 2.7 percent to 17.15 euros. Music, pay-TV, European cinema and Internet in Brazil will make up a new media group based in France after the split with phone unit SFR, according to a statement yesterday.
Top 10 Gold Stocks To Invest In Right Now: Container Store (The)(TCS)
- [By Monica Gerson]
Container Store Group Inc (NYSE: TCS) is expected to post its quarterly earnings at $0.21 per share on revenue of $230.53 million.
J & J Snack Foods Corp (NASDAQ: JJSF) is estimated to post its quarterly earnings at $0.78 per share on revenue of $231.58 million.
Top 10 Gold Stocks To Invest In Right Now: ManpowerGroup(MAN)
- [By Matthew Briar]
Look out ManpowerGroup Inc. (NYSE:MAN). And Robert Half International Inc. (NYSE:RHI)… you may want to look over your shoulder as well. There’s a new player in town, and this small company is getting real big, real fast, and could be about to take a noticeable bite out of a certain segment of your business.
That up-and-comer is Staffing 360 Solutions Inc (NASDAQ:STAF). It’s only an $11 million company now, whereas Robert Half International is a $4.8 billion outfit and ManpowerGroup sports a market cap of $4.6 billion. Investing is a relative opportunity though, and for current and would-be STAF shareholders, they’re holding a much bigger growth opportunity than owners of RHI and MAN are. Today’s press release confirms it.
Staffing 360 Solutions is fast-growing staffing firm. Its focal point is IT staffing. This small company is smartly and cost-effectively acquiring its way into a size and scale by converting a fragmented and less-effective (and less profitable) group of similar staffing agencies into a cohesive, more profitable singular unit.
And it’s paying off – the proof has been in the rising revenue tally over the course of the past couple of years… a rise that’s been outpaced by the broad improvement of EBITDA and income (which is the point of a scale-up).
The acquisitions, however, have made it difficult to determine if Staffing 360 Solutions was only capable of growth via the purchase of other staffing agencies. Though STAF is doing deals cost-effectively and cost-efficiently, at some point it will have to prove it can grow the top line — and therefore the bottom line — on its own, or organically. The preliminary first quarter revenue number released this morning verifies that Staffing 360 Solutions can indeed grow on its own. See, on a sequential basis, the top line grew from Q4’s $44 million to $47 million in Q1, which ended in August. The last acquisition Staffing 360 Solutions made, however, was completed in N
- [By James E. Brumley]
It’s not a secret that temporary staffing jobs have been the source for most job growth coming out of the 2008 recession. Employers are fearful of making permanent hires, and this has been a real boon for staffing agencies like ManpowerGroup Inc. (NYSE:MAN) and Robert Half International Inc. (NYSE:RHI).
There’s a nuance within this growth trend, however, that doesn’t exactly play into the hands of Robert Half International and ManpowerGroup. The bulk of the growth in the temporary staffing arena has been driven by, and will continue to be driven by in the foreseeable future, the burgeoning need for IT staffing, and cybersecurity staffing in particular. This nuance actually plays into the hand of a little-known but fast-growing staffing name Staffing 360 Solutions Inc. (NASDAQ:STAF).
The specifics: In August, TechServe Alliance – an association of IT and engineering staffing companies – reported that the number of IT jobs in the US rose 0.2% in July from June to more than 5.1 million. In hard-numbers terms, that’s growth of only about 10,000 positions.
The rest of the (amazing) story: Year-over-year basis, IT employment was up 3.5%, with the addition of 173,900 IT workers between then and now.
It’s the kind of growth that has most other industries, and most workers in those industries, salivating. While those other outfits are swimming on jealousy, Staffing 360 Solutions is working to gain market share.
The definition of a roll-up isn’t a hard and fast one, though even the broad brush strokes paint a pretty clear picture. Investopedia defines a roll-up (also known as a “roll up” or a “rollup”) a merger that occurs when investors (often private equity firms) buy up companies in the same market and merge them together. Roll-ups combine multiple small companies into something bigger and better to be able to enjoy economies of scale. Private equity firms use roll-ups to rationalize competition in crowded and/or fragm
Top 10 Gold Stocks To Invest In Right Now: Firsthand Technology Value Fund, Inc.(SVVC)
- [By Hibah Yousuf]
Similarly, Twitter is also the biggest holding in the Firsthand Technology Value Fund (SVVC). With just over 1 million shares of the social media platform, Twitter represents nearly 11% of the total portfolio as of mid-year. Shares of Firsthand Technology Value jumped more than 6% Friday.
Top 10 Gold Stocks To Invest In Right Now: Silver Bay Realty Trust Corp.(SBY)
- [By Mark Holder]
Instead of competing in one-off auctions, the traditional method of acquiring homes and the one preferred by Silver Bay Realty Trust (NYSE: SBY ) (NYSE: SBY ) (NYSE: SBY ) and American Homes 4 Rent (NYSE: AMH ) (NYSE: AMH ) (NYSE: AMH ) , the company is obtaining non-performing loans in pools that include thousands of loans. The ultimate outcome of these different models is unknown, but the market hasso far supported Altisource Residential.
Top 10 Gold Stocks To Invest In Right Now: Calumet Specialty Products Partners L.P.(CLMT)
- [By Lisa Levin]
In trading on Friday, energy shares tumbled by 1.25 percent. Meanwhile, top losers in the sector included Southwestern Energy Company (NYSE: SWN), down 16 percent, and Calumet Specialty Products Partners, L.P (NASDAQ: CLMT), down 14 percent.
Top 10 Gold Stocks To Invest In Right Now: Bank of the Ozarks(OZRK)
- [By Lisa Levin]
Bank Of The Ozarks Inc (NASDAQ: OZRK) reported better-than-expected earnings for its second quarter on Monday.
Bank of the Ozarks disclosed net income of $54.5 million for the second quarter compared to $44.8 million representing an increase of 21.7 percent. On a per share basis, earnings grew 17.6 percent to $0.60 from $0.51 in the year-ago quarter. This was higher by a penny from the Street analysts' expectations.
Top 10 Gold Stocks To Invest In Right Now: Investors Real Estate Trust(IRET)
- [By Monica Gerson]
General Mills, Inc. (NYSE: GIS) is expected to report its quarterly earnings at $0.60 per share on revenue of $3.86 billion. Pier 1 Imports Inc (NYSE: PIR) is projected to post a quarterly loss at $0.05 per share on revenue of $420.05 million. Acuity Brands, Inc. (NYSE: AYI) is estimated to report its quarterly earnings at $2.03 per share on revenue of $847.79 million. Monsanto Company (NYSE: MON) is projected to report its quarterly earnings at $2.40 per share on revenue of $4.49 billion. Worthington Industries, Inc. (NYSE: WOR) is expected to report its quarterly earnings at $0.64 per share on revenue of $692.48 million. Progress Software Corporation (NASDAQ: PRGS) is projected to post its quarterly earnings at $0.29 per share on revenue of $94.64 million. UniFirst Corp (NYSE: UNF) is estimated to report its quarterly earnings at $1.34 per share on revenue of $366.28 million. Exfo Inc (NASDAQ: EXFO) is expected to post its quarterly earnings at $0.06 per share on revenue of $60.87 million. OMNOVA Solutions Inc. (NYSE: OMN) is projected to report its quarterly earnings at $0.14 per share on revenue of $205.40 million. 8Point3 Energy Partners LP (NASDAQ: CAFD) is estimated to post a quarterly loss at $0.01 per share on revenue of $11.60 million. Park Electrochemical Corp. (NYSE: PKE) is expected to report its quarterly earnings at $0.22 per share on revenue of $35.30 million. Xplore Technologies Corp. (NASDAQ: XPLR) is projected to post its quarterly earnings at $0.01 per share on revenue of $24.00 million. Investors Real Estate Trust (NYSE: IRET) is expected to post its quarterly earnings at $0.14 per share on revenue of $56.87 million. Tel-Instrument Electronics Corp. (NYSE: TIK) is estimated to post earnings for the latest quarter. Aethlon Medical, Inc. (NASDAQ: AEMD) is expected to post a quarterly loss at $0.20 per share. Ossen Innovation Co Ltd (ADR) (NASDAQ: OSN) is projected to post ea
Top 10 Gold Stocks To Invest In Right Now: Telecom Italia S.P.A.(TI)
- [By Lisa Levin]
In trading on Friday, telecommunications services shares fell by 0.29 percent. Meanwhile, top losers in the sector included Telecom Italia SpA (ADR) (NYSE: TI), down 4 percent, and Internet Initiative Japan Inc. (ADR) (NASDAQ: IIJI), down 3 percent.
Top 10 Gold Stocks To Invest In Right Now: Rite Aid Corporation(RAD)
- [By Jake L’Ecuyer]
Equities Trading UP
Rite Aid (NYSE: RAD) shot up 12.94 percent to $4.19 after the company posted a profit in its fiscal second quarter.
Shares of GT Advanced Technologies (NASDAQ: GTAT) got a boost, shooting up 12.52 percent to $8.49. UBS upgraded the stock from Neutral to Buy.
- [By Matthew Smith]
Speaking of subsectors in the retailing industry we are bullish on, how about the drugstores? They all seem to be running on all cylinders and yesterday Rite-Aid (RAD) had a tremendous day. It was the heaviest traded stock on all of the exchanges and saw its shares rise $0.87 (23.45%) to close at $4.58/share. Rite-Aid is the first among the ‘Big Three’ to report quarterly results so we find it interesting that they saw an increase in same store sales and saw profits driven by generic drugs. We have been told that this is going to be the bottom line driver for the industry via nearly everyone and that it would impact the top line as generics replaced the more expensive branded drugs. We care about earnings growth more than revenue growth, especially when the stall in revenues is due to switching to higher margin product which is purchased for a lower price. The market gets this and is pushing all of these names higher. In hindsight we wish we had been more bullish of Rite-A id earlier, but hindsight is always perfect.
- [By Benzinga News Desk]
Walgreens Boots Alliance (NASDAQ: WBA) is said to be in talks with the FTC regarding its proposed acquisition of Rite Aid (NYSE: RAD).
Bayer (OTC: BAYRY) has increased its offer to acquire Monsanto (NYSE: MON) from $122 to $125 per share, first verbally on July 1 and via an updated proposal on July 9. In addition, Bayer has offered a $1.5 billion reverse antitrust break fee.
- [By Roberto Pedone]
One potential earnings short-squeeze candidate is retail drugstore chain operator Rite Aid (RAD), which is set to release numbers on Thursday before the market open. Wall Street analysts, on average, expect Rite Aid to report revenue of $6.27 billion on a loss of 4 cents per share.
The current short interest as a percentage of the float for Rite Aid is notable at 3.7%. That means that out of the 896 million shares in the tradable float, 33.54 million shares are sold short by the bears. The bears have also been increasing their bets from the last reporting period by 32%, or by about 8.13 million shares. If the bears get caught pressing their bets into a bullish quarter, then shares of RAD could easily explode higher post-earnings as the bears rush to cover some of their short bets.
From a technical perspective, RAD is currently trending above its 50-day and 200-day moving averages, which is bullish. This stock has been uptrending strong for the last six months, with shares moving higher from its low of $1.65 to its recent high of $3.75 a share. During that uptrend, shares of RAD have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of RAD within range of triggering a major breakout trade post-earnings.
If you’re bullish on RAD, then I would wait until after its report and look for long-biased trades if this stock manages to break out above its 52-week high at $3.75 a share with high volume. Look for volume on that move that hits near or above its three-month average action of 20.36 million shares. If that breakout hits, then RAD will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $5 to $6 a share.
I would avoid RAD or look for short-biased trades if after earnings it fails to trigger that breakout, and then drops back below some key near-term support levels at $3.53