Wal-Mart Stores Inc. (NYSE: WMT)�recently held what it called its “Walmart U.S. Manufacturing Summit.” One of the purposes of the meeting was to promote new initiatives to build more of its products in America, thereby helping gross domestic product and employment. On paper this should hurt the fortunes of Walmart’s suppliers in China and probably Mexico. Actually these companies have little to fret about. The Walmart plan to help the U.S. economy barely qualifies as a small step.
Consider the promise the world’s largest retailer made at the event:
Walmart�� commitment to buy an additional $50 billion in U.S.-made products over the next 10 years and featured announcements from suppliers that, combined, are expected to infuse more than $70 million into factory growth and create more than 1,000 domestic jobs.
The creation of 1,000 domestic jobs comes while 11.5 million Americans are unemployed and 4.2 million have been out of work for 27 weeks or longer, which qualifies them to fall into the “long-term unemployed” category.
10 Best Construction Material Stocks To Invest In 2015: John B. Sanfilippo & Son Inc.(JBSS)
John B. Sanfilippo & Son, Inc. engages in the processing and marketing of tree nuts and peanuts in the United States. It offers raw and processed nuts, including peanuts, almonds, Brazil nuts, pecans, pistachios, filberts, cashews, English walnuts, black walnuts, pine nuts, and macadamia nuts. The company provides nut products in various styles and seasonings, such as natural, blanched, oil roasted, dry roasted, unsalted, honey roasted, flavored, spicy, butter toffee, praline, and cinnamon toasted. It also offers peanut butter; food and snack products comprising snack mixes, salad toppings, natural snacks, trail mixes, dried fruit, and chocolate and yogurt coated products; baking ingredients; bulk food products; sunflower seeds, almond butter, sesame sticks, and other sesame snack products; and toppings for ice cream and yogurt. The company provides its products under various private labels, as well as under the Fisher, Orchard Valley Harvest, and Sunshine Country brand na mes. John B. Sanfilippo & Son, Inc. markets its products through its own sales department, a network of independent brokers, and various independent distributors and suppliers to retailers and wholesalers, as well as to industrial, food service, and contract packaging customers. The company was founded in 1959 and is headquartered in Elgin, Illinois.
Advisors' Opinion:- [By Garrett Cook]
Non-cyclical consumer goods & services shares rose by 0.04 percent in today’s trading. Top gainers in the sector included John B Sanfilippo & Son (NASDAQ: JBSS), up 3.3 percent, and Blyth (NYSE: BTH), up 3.1 percent.
Hot Forestry Stocks To Own Right Now: The Bon-Ton Stores Inc.(BONT)
The Bon-Ton Stores, Inc., through its subsidiaries, operates department stores in the mid-size and metropolitan markets of the United States. Its stores offer brand-name fashion apparel and accessories for women, men, and children, as well as provide cosmetics, home furnishings, and footwear. As of November 1, 2011, the company operated 275 stores under various nameplates, including the Bon-Ton, Bergner?s, Boston Store, Carson Pirie Scott, Elder-Beerman, Herberger?s, and Younkers in 23 northeastern, midwestern, and upper Great Plains states; and under the Parisian nameplate in Detroit, Michigan. The Bon-Ton Stores, Inc. was founded in 1898 and is headquartered in York, Pennsylvania.
Advisors' Opinion:- [By John Kell and Lauren Pollock var popups = dojo.query(".socialByline .popC"); ]
Bon-Ton Stores Inc.(BONT) said Chief Executive and President Brendan L. Hoffman won’t renew his deal to keep leading the retailer when his contract expires in February 2015. Mr. Hoffman, who took over as CEO in February 2012 when he was 43 years old, will also resign his role as a director on the company’s board. He cited personal reasons for his decision. Shares declined 8% to $10 premarket.
- [By Peter Graham]
The Q1 2014 earnings report for troubled J.C. Penney Company, Inc (NYSE: JCP), a peer of other department store stocks like Kohl's Corporation (NYSE: KSS), The Bon-Ton Stores, Inc (NASDAQ: BONT) and Nordstrom, Inc (NYSE: JWN), is scheduled for after the market closes on Thursday. Aside from the J.C. Penney Company's earnings report, it should be said that�Kohl's Corporation will report Q1 2014 when the market opens on Thursday; Nordstrom will report earnings after the market closes on Thursday; and The Bon-Ton Stores will report Q1 2014 earnings on Thursday, May 22nd before the market opens. However, all eyes will be on the J.C. Penney Company earnings report to see if there are any signs the company has turned itself around from the ill-fated�leadership of CEO Ron Johnson���who ironically was also trying to turn things around��/p>
- [By Laura Brodbeck]
Notable earnings released on Tuesday included:
Caesars Entertainment Corporation (NASDAQ: CZR) reported a fourth quarter loss of $1.49 on revenue of $2.08 billion, compared to last year�� loss of $3.75 on revenue of $2.02 billion. American Eagle Outfitters, Inc (NYSE: AEO) reported fourth quarter EPS of $0.27 on revenue of $1.04 billion, compared to last year�� EPS of $0.55 on revenue of $1.12 billion. The Bon-Ton Stores, Inc.�(NASDAQ: BONT) reported fourth quarter EPS of $3.04 on revenue of $914.90 million, compared to last year�� EPS of $3.73 on revenue of $1.03 billion.Pre-Market Movers
Hot Forestry Stocks To Own Right Now: Essex Rental Corp (ESSX)
Essex Rental Corp., incorporated on August 21, 2006, through its subsidiaries, is engaged in providing of lifting equipment (including lattice-boom crawler cranes, truck cranes and rough terrain cranes, tower cranes, and other lifting equipment) used in an array of construction projects. In addition, it provides product support including installation, maintenance, repair, and parts and services for its equipment provided to customers and customer owned equipment. It operates in three segments: equipment rentals, equipment distribution, and parts and service. Its subsidiaries wholly owned subsidiaries include Essex Holdings, LLC (Holdings), Essex Crane Rental Corp. (Essex Crane), Essex Finance Corp. (Essex Finance), CC Acquisition Holding Corp. (CC Acquisition), Coast Crane Company, (Coast Crane) and Coast Crane Ltd. (Coast Crane Ltd.).
The Company supply a variety of lifting solutions for construction projects related to power generation, petro-chemical, refineries, water treatment and purification, bridges, highways, hospitals, shipbuilding, offshore oil fabrication and industrial plants, and commercial and residential construction. It rent its equipment bare, meaning without supplying an operator and, in exchange for a fee, make arrangements for the transportation and delivery of equipment.
Essex Crane is a provider of lattice-boom crawler crane and attachment rental services and possesses fleets of such equipment in the United States. As of December 31, 2011, Essex Crane�� fleet size stands at more than 350 lattice-boom crawler cranes and various types of attachments, which are made available to clients depending on their lifting requirements, such as weight, pick and carry aspects, reach and angle of reach.
Coast Crane is a provider for lifting solutions throughout Western North America, Alaska, Hawaii, Guam and the South Pacific. Through Coast Crane, it provides both used and new towers cranes, boom trucks, rough terrain cranes and other lifting equipment ! to customers in the infrastructure, energy, crane rigger/operator, and municipal, commercial and industrial construction sectors. Coast Crane�� operations are headquartered in Seattle, Washington and its products are rented and sold through a regional network including 11 branch locations. In addition to providing crane rental services, Coast Crane is a crane distributor of self-erecting tower cranes, rough terrain cranes, boom trucks and all terrain cranes in its West Coast territories.
Equipment Rental
The Company offer for rent crawler cranes and attachments, rough terrain cranes, boom trucks, tower cranes, and other construction related rental equipment. It also offer transportation, rigging and repair and maintenance services while equipment is on rent. It rent its fleet of over 1,000 cranes and attachments and other lifting equipment to a variety of engineering and construction customers under contracts, most of which have rental periods of between 4 and 18 months. The contracts typically provide for an agreed rental rate and a specified rental period. Transportation services revenue is derived from the management of the logistics process by which its rental equipment is transported to and from customers��construction sites, including the contracting of third party trucking for such transportation.
Equipment Distribution
The Company offers a variety of construction equipment products for sale, including tower cranes, boom trucks, rough terrain cranes and other lifting equipment used in the construction industry. The revenue from retail equipment sales is primarily driven by the level of construction activity in a particular geographic region.
Parts and Service
The Company is a parts distributor for various lifting equipment manufacturers and routinely sells parts to its customers in the construction industry. It also provides repairs and maintenance services for customers that own their own equipment and request its ! services ! at one of its service center locations. Its customers for these ancillary services are its rental customers, customers that own their own equipment and those who purchase new and used equipment from it.
The Company competes with ALL Erection & Crane Rental, Bigge Crane and Rigging, Co., Lampson International, Maxim Crane Works, M.D., Morrow Equipment Rental, Western Pacific Crane and Equipment and AmQuip Crane Corp.
Advisors' Opinion:- [By Peter Graham]
The Q2 2014 earnings report for equipment rental stock United Rentals, Inc (NYSE: URI), a peer or competitor of Essex Rental Corp (NASDAQ: ESSX) and H&E Equipment Services, Inc (NASDAQ: HEES), is scheduled for after the market closes on Wednesday. Aside from the United Rentals earnings report, it should be said that the Essex Rental Corp reported Q4 2013 earnings on May 7th while the estimated release date for the H&E Equipment Services, Inc Q2 2014 earnings report is August 4th. However, United Rentals��shares rose after its last earnings report plus analysts have issued bullish research notes since then.
Hot Forestry Stocks To Own Right Now: ResMed Inc (RMD)
ResMed Inc., (ResMed), incorporated on March 31, 1994, is a holding company for the ResMed Group. The Company, through its subsidiaries, is a developer, manufacturer and distributor of medical equipment for treating, diagnosing, and managing sleep-disordered breathing and other respiratory disorders. Sleep-disordered breathing (SDB) includes obstructive sleep apnea (OSA), and other respiratory disorders that occur during sleep. The Company has developed a number of products for SDB and other respiratory disorders including airflow generators, diagnostic products, mask systems, headgear and other accessories. Its manufacturing operations are located in Australia, Singapore, France, Germany, Malaysia and the United States. Its distribution and sales sites are located in the United States, Germany, France, the United Kingdom, Switzerland, Australia, Japan, Norway and Sweden. In December 2013, ResMed Inc acquired Unimedis SRO, a surgical appliance and manufacturing company.
Air Flow Generators
The Company produces continuous positive airway pressure (CPAP), variable positive airway pressure (VPAP) and AutoSet systems for the titration and treatment of SDB. The flow generator systems deliver positive airway pressure through a patient interface, either a small nasal mask, nasal pillows system, or full-face mask. Its VPAP units deliver bilevel therapy. There are two preset pressures: a higher pressure as the patient breathes in, and a lower pressure as the patient breathes out. AutoSet systems are based on a technology to monitor breathing and can also be used in the diagnosis, treatment and management of OSA. The Company�� Stellar 100 and 150 ventilation devices, provide both invasive and non invasive ventilation applications for adult and pediatric patients.
ResMed Inc.�� CPAP products include S8 Escape, S9 Elite and S9 Escape. Its VPAP products include VPAP III STA with QuickNav, VPAP S / VPAP IV, VPAP IV ST, S8 Auto 25, VPAP Tx Lab System, S9 VPAP S, S9 VPAP ST! , S9 VPAP Auto, S9 VPAP Adapt, S9 AutoSet CS, S9 Auto 25 and S9 VPAP COPD. The Company�� automatic positive airway pressure products include S9 AutoSet and S9 Escape Auto. Its ventilation products include Elisee 150, VS III and Stellar 100 and 150.
Masks, Accessories, Motors and Diagnostic Products
Masks, accessories, motors and diagnostic products together accounted for approximately 46% of its net revenues in fiscal 2012. Its Mask products include Activa LT, Swift LT for Her, Swift FX, Mirage SoftGel, Quattro FX, Swift FX for Her, Mirage FX, Mirage FX for Her, Pixi Pediatric Mask, Quattro FX for Her, Swift FX Bella, Quattro Air and Swift FX Nano. Its diagnostic products includes ApneaLink + Oximetry and ApneaLink Plus (U.S.)
Accessories and Other Products
The Company to assist those professionals diagnosing or managing the treatment of patients have data communications and control products, such as the EasyCare, ResLink, ResControl, ResControl II, TxControl, ResScan and ResTraxx modules that facilitate the transfer of data and other information to and from the flow generators. These products include humidifiers, such as H5i and H4i, which connect directly with the CPAP, VPAP and AutoSet flow generators to humidify and heat the air delivered to the patient, helping to prevent the drying of nasal passages that can cause discomfort. Other optional accessories include cold passover humidifiers, carry bags and breathing circuits. The Company�� data/patient management products include S9 Embletta Adapter, ResScan v3.14, ResTraxx v17.1., ResTraxx v18.3, ResScan v3.16 and EasyCare 1.0.
The Company competes with Philips BV, DeVilbiss Healthcare., Fisher & Paykel Healthcare Corporation Limited, Apex Medical Corp, BMC Medical Co. Ltd and Weinmann Gerate fur Medizin GmbH + Co. KG.
Advisors' Opinion:- [By STOCKPICKR]
Medical equipment maker ResMed (RMD) is another name that's starting to look "toppy" after a bullish start to the year. RMD has more or less kept pace with the S&P 500 in 2014, climbing just over 11% from January to today -- but shares started forming a long-term triple-top over the summer, and that setup is getting close to completion this fall.
It's worth noting that long-term price setups come with equally long term trading implications when they trigger.
The triple-top that RMD is showing is a fairly rare pattern, but the trigger is pretty perfunctory: if shares break down below support at $48, then sellers are in control, and it's time to unload them. Downside isn't a foregone conclusion in ResMed, but this setup only gets invalidated if shares can close above their prior highs at $54.
- [By Roberto Pedone]
Another earnings short-squeeze prospect is medical equipment player ResMed (RMD), which is set to release numbers on Wednesday after the market close. Wall Street analysts, on average, expect ResMed to report revenue of $400.01 million on earnings of 64 cents per share.
The current short interest as a percentage of the float for ResMed is extremely high at 25.6%. That means that out of the 139.26 million shares in the tradable float, 35.89 million shares are sold short by the bears. The bears have also been increasing their bets from the last reporting period by 5%, or by about 1.72 million shares. If the bears get caught pressing their bets into a bullish quarter, then shares of RMD could easily trend sharply higher post-earnings as the shorts rush to cover some of their positions.
From a technical perspective, RMD is currently trending above its 50-day moving average and just below its 200-day moving average, which is neutral trendwise. Shares of RMD have started to flirt with a near-term breakout trade today, since the stock has tested some past overhead resistance at $48.07 a share. That move is starting to push shares of RMD within range of triggering a much bigger breakout trade post-earnings.
If you're bullish on RMD, then I would wait until after its report and look for long-biased trades if this stock manages to break out above some key overhead resistance levels at $51.22 to $51.32 share with high volume. Look for volume on that move that hits near or above its three-month average action of 1.17 million shares. If that breakout hits post-earnings, then RMD will set up to re-fill some of its previous gap-down-day zone from October of 2013 that started just above $56 a share. If that gap gets filled with strong upside volume flows, then RMD could easily trend north of $60 a share.
I would simply avoid RMD or look for short-biased trades if after earnings
- [By Anna Prior]
ResMed Inc.(RMD) seems like a solid growth stock, but March sales reportedly were aided by a quarter-end deal with a large customer, while profit was boosted by noncash accruals, according to Barron’s. The strains evident in march-quarter results may grow, if Medicare and other insurers decide to pay a bundled price for continuous positive airway pressure treatments. Shares slipped 3.8% to $50.49 in recent trading.
Hot Forestry Stocks To Own Right Now: Hertz Global Holdings Inc(HTZ)
Hertz Global Holdings, Inc., through its subsidiaries, engages in the car and equipment rental businesses worldwide. It operates in two segments, Car Rental and Equipment Rental. The Car Rental segment engages in the ownership and lease of cars. This segment operates car rental locations at or near airports, as well as in central business districts and suburban areas of cities in the United States, Canada, France, Germany, Italy, the United Kingdom, Spain, the Netherlands, Switzerland, Belgium, Luxembourg, the Czech Republic, the Slovak Republic, Australia, New Zealand, China, and Brazil. It also operates retail used car sales locations in the United States and France. The Equipment Rental segment rents earthmoving equipment, material handling equipment, aerial and electrical equipment, air compressors, generators, pumps, small tools, compaction equipment, and construction-related trucks. In addition, this segment sells new equipment, and consumables, such as gloves and ha rdhats. The company also offers claim administration services, such as investigating, evaluating, negotiating, and disposing of various claims, including third-party, first-party, bodily injury, property damage, general liability, and product liability. Hertz Global serves various industries, such as construction, petrochemical, automobile manufacturing, railroad, power generation, and shipbuilding. The company was founded in 1918 and is headquartered in Park Ridge, New Jersey.
Advisors' Opinion:- [By Monica Gerson]
Breaking news
Kratos Defense & Security Solutions (NASDAQ: KTOS) announced today that its Public Safety & Security (PSS) Division recently received an initial $4.5 million contract award for the deployment of specialized security and surveillance related products, equipment, and system integration services across a large public school district located in the eastern United States. To read the full news, click here. Google's (NASDAQ: GOOG) upcoming unconventional stock split will enable Co-founder Sergey Brin and Larry Page to maintain close control over the company. The stock split will diminish shareholders voices and modify how the company is represented in the S&P 500 index. To read the full news, click here. Veeva Systems (NYSE: VEEV) today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed public offering of shares of its Class A common stock. To read the full news, click here. The Hertz (NYSE: HTZ) today announced that its board of directors has approved plans to separate into two independent, publicly traded companies. To read the full news, click here.Posted-In: Credit Suisse US Stock FuturesNews Eurozone Futures Global Pre-Market Outlook Markets
- [By Ben Levisohn]
Shares of Hertz Global (HTZ) have jumped in after-hours trading after the rental-car company said that it had reached an agreement with Carl Icahn to add three new members to its board.
APFrom the Hertz press release:
Hertz Global Holdings, Inc. (NYSE: HTZ) (��ertz��or ��he Company�� today announced that it has reached an agreement-in-principle with Carl C. Icahn and affiliated entities (collectively, ��cahn�� to appoint Vincent J. Intrieri, Samuel Merksamer and Daniel A. Ninivaggi to the Company�� Board of Directors as new independent directors. In connection with the anticipated director appointments, three existing directors will retire from the Board, effective upon the appointments of the new directors to the Board. In this connection, Icahn has agreed not to run a proxy contest at the Company�� 2015 Annual Meeting of Shareholders and to vote in favor of the Company�� nominees at the Annual Meeting. Two of the new directors will be part of the five-person search committee leading the process to find a permanent Chief Executive Officer of Hertz. Following the contemplated appointments and retirements, Hertz will have a nine-person Board, with the Board expanded to 10 directors upon the appointment of a permanent Chief Executive Officer. Under the agreement-in-principle, the Company�� shareholder rights plan will be amended to increase the triggering percentage to 20% and to implement other changes. The agreement-in-principle remains subject to negotiation and execution of definitive documentation.
Shares of Hertz have gained 1.8% to $28.24 at 4:21 p.m. in after-hours trading. It rose 0.2% to $27.75 during market hours today.
- [By Seth Jayson]
Hertz Global Holdings (NYSE: HTZ ) is expected to report Q2 earnings on July 29. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Hertz Global Holdings's revenues will grow 21.7% and EPS will grow 28.6%.
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