The Canadian energy sector just got yet another vote of confidence from the world�� most famous investor. Last August, Warren Buffett�� Berkshire Hathaway Inc (NYSE: BRK-B) disclosed that it held nearly 17.8 million shares of Canadian energy giant Suncor Energy Inc�� (NYSE: SU, TSX: SU) stock, a position which was then valued at roughly USD500 million.
Berkshire subsequently pared its holdings in Suncor by about 5 million shares during the fourth quarter, as the stock ascended to a two-year high. Buffett still holds 13 million shares of Suncor, worth about USD543.7 million, making it the 47th largest position in Berkshire�� portfolio of 70 securities.
More recently, in early May, Berkshire announced it would be acquiring Calgary-based electricity transmission company AltaLink for an estimated CAD3.2 billion from the Canadian engineering firm SNC-Lavalin Group Inc (TSX: SNC, OTC: SNCAF). The deal fetched a premium far beyond what most observers had anticipated, and it�� expected to close by the end of the year.
Top 5 Shipping Stocks To Invest In Right Now: Oshkosh Truck Corporation(OSK)
Oshkosh Corporation designs, manufactures, and markets a range of specialty vehicles, and vehicle bodies worldwide. Its Defense segment manufactures severe-duty, heavy, and medium-payload tactical trucks for the Department of Defense, including hauling tanks, missile systems, ammunition, fuel, and troops and cargo for combat units. The company?s Access Equipment segment offers aerial work platforms and telehandlers used in a range of construction, agricultural, industrial, institutional, and general maintenance applications. This segment also manufactures towing and recovery equipment and related parts; and leases equipments for short-term to rental companies. The company?s Fire and Emergency segment provides custom and commercial fire apparatus, and emergency vehicles, including pumpers, aerial and ladder trucks, tankers, rescue vehicles, wildland rough terrain response vehicles, mobile command and control centers, bomb squad vehicles, hazardous materials control vehicl es, and other emergency response vehicles. This segment also offers snow removal vehicles in airports; custom ambulances for private and public transporters, and fire departments; mobile medical trailers for medical centers and service providers; mobile command and control centers and simulation units; and vehicles for broadcasters, TV stations, broadcast production, and radio stations. Oshkosh Corporation?s Commercial segment manufactures refuse collection vehicles for the waste services industry; front and rear discharge concrete mixers, and portable and stationary concrete batch plants for the concrete ready-mix industry; and field service vehicles and truck-mounted cranes for the construction, equipment dealer, building supply, utility, tire service, and mining industries. The company was formerly known as Oshkosh Truck Corporation and changed its name to Oshkosh Corporation in February 2008. Oshkosh Corporation was founded in 1917 and is based in Oshkosh, Wisconsin.
Advisors' Opinion:- [By Rich Smith]
The Department of Defense started off the week slow Monday, awarding only a bare half-dozen contracts, and most of them for relatively small dollar values (in Pentagon terms). Among traditional "defense" contractors, the winners were:
- [By Ben Levisohn]
Shares of Navistar have dropped 4.1% to $31.89 at 2:02 p.m. today, while Oshkosh (OSK) has fallen 0.2% to $57.76 and Cummins (CMI) has gained 1.2% to $144.13.
Top 10 Canadian Companies To Watch For 2014: Piper Jaffray Companies(PJC)
Piper Jaffray Companies provides investment banking, institutional brokerage, asset management, and related financial services to corporations, private equity groups, public entities, non-profit entities, and institutional investors in the United States, Asia, and Europe. The company raises capital through equity financings; provides advisory services, primarily relating to mergers and acquisitions for its corporate clients; underwrites debt issuances; and offers financial advisory and interest rate risk management services. Its public finance investment banking capabilities focus on state and local governments, as well as healthcare, higher education, housing, hospitality, transportation, and commercial real estate industries, as well as operates in business and financial services, clean technology and renewables, consumer, and industrial growth, as well as media, telecommunications, and technology industries. The company also offers equity and fixed income advisory and t rade execution services for institutional investors, and government and non-profit entities; and is involved in proprietary trading, as well as has equity sales and trading relationships with institutional investors. In addition, it provides asset management services to separately managed accounts, private funds or partnerships, and open-end and closed-end registered investment companies or funds; and offers an array of investment products comprising small and mid-cap value equity, and master limited partnerships focused on the energy industry, as well as fixed income. Further, the company engages in merchant banking activities, which comprises proprietary debt or equity investments in late stage private companies, and investments in private equity and venture capital funds, as well as other firm investments and forfeiture of stock-based compensation. Piper Jaffray Companies was founded in 1895 and is headquartered in Minneapolis, Minnesota.
Advisors' Opinion:- [By Jake L'Ecuyer]
Top losers in the sector included Alto Palermo SA (NASDAQ: APSA), off 5.5 percent, and Piper Jaffray Companies (NYSE: PJC), down 3.5 percent.
Top Headline
J.P. Morgan Chase & Co (NYSE: JPM) reported a 19% drop in its first-quarter profit. J.P. Morgan's quarterly profit declined to $5.3 billion, or $1.28 per share, versus a year-ago profit of $6.53 billion, or $1.59 per share. Its revenue slipped 8% to $22.99 billion versus $25.12 billion. J.P. Morgan's investment banking net income dropped 15%. However, analysts were estimating earnings of $1.39 per share on revenue of $24.43 billion. - [By EXPstocktrader]
3) Piper Jaffray (PJC): Recent weakness is unwarranted as the landscape for Acthar remains favorable: OVERWEIGHT (BUY) rating and $74 PT
4) CRT Capital: BUY rating and $79 PT.
- [By Sean Williams]
What: Shares of investment banking and asset management firm Piper Jaffray (NYSE: PJC ) sank as much as 11% after reporting disappointing second-quarter earnings results.
Top 10 Canadian Companies To Watch For 2014: Royal Bank Of Canada(RY)
Royal Bank of Canada provides personal and commercial banking, wealth management services, insurance, corporate and investment banking, and transaction processing services under the RBC name worldwide. Its Canadian Banking segment offers personal financial services, business financial services, and cards and payment solutions. The company?s Wealth Management segment provides wealth and asset management, and estate and trust services to affluent and high net worth clients through distributors, as well as directly to institutional and individual clients in Canada, the United States, Europe, Asia, and Latin America. Its Insurance segment provides various life and health insurance, including universal life, accidental death and critical illness protection, disability, long-term care insurance, and group benefits; and property and casualty insurance comprising home, auto, and travel insurance, as well as wealth accumulation solutions; and reinsurance products through retail ins urance branches, call centers, independent insurance advisors and travel agencies, financial institutions, and career sales force. The company?s International Banking segment offers various financial products and services to individuals, business clients, and public institutions in the U.S. and Caribbean. This segment also provides global custody, fund and pension administration, securities lending, shareholder services, analytics, and other related services to institutional investors. Royal Bank of Canada?s Capital Markets segment engages in the trading and distribution of fixed income, foreign exchange, equities, commodities, and derivative products for institutional, public sector, and corporate clients; and involves in investment banking, debt and equity origination, advisory services, corporate lending, private equity, and client securitization businesses. The company was founded in 1864 and is headquartered in Toronto, Canada.
Advisors' Opinion:- [By Eric Volkman]
The joint book-running managers of the issue are Raymond James Financial (NYSE: RJF ) unit Raymond James & Associates, Royal Bank of Canada's (NYSE: RY ) RBC Capital Markets, and the Securities divisions of Credit Suisse and Deutsche Bank (NYSE: DB ) . The sale is expected to close on May 28.
- [By Rich Duprey]
As mobile commerce continues to grow worldwide, Royal Bank of Canada (NYSE: RY ) this week announced its�customers will be able to securely purchase goods and services with debit or credit using smartphones compatible with Bell Canada's (NYSE: BCE ) wireless network as part of a new�mobile payment system the two are launching.
- [By GuruFocus]
This screen generates 37 stocks in the U.S. market as of today. The largest companies among the list are BHP Billiton (BHP) (BBL), Intel (INTC), China Petroleum & Chemical (SNP) and Royal Bank of Canada (RY).
Top 10 Canadian Companies To Watch For 2014: Gildan Activewear Inc.(GIL)
Gildan Activewear Inc. engages in the manufacture and sale of apparel products primarily in the United States, Canada, and Europe. It sells T-shirts, fleece, and sport shirts to wholesale distributors under the Gildan brand name. The company also provides its activewear products for work and school uniforms and athletic team wear, and other purposes to convey individual, group, and team identity. In addition, it offers undecorated products to branded apparel companies and retailers; and underwear products. Further, the company markets its sock products under the various brands, including Gold Toe, PowerSox, SilverToe, Auro, All Pro, GT, and the Gildan brand. The company was formerly known as Textiles Gildan Inc. and changed its name to Gildan Activewear Inc. in March 1995. Gildan Activewear Inc. was founded in 1984 and is headquartered in Montreal, Canada.
Advisors' Opinion:- [By Eric Volkman]
Gildan Activewear (NYSE: GIL ) just bought itself a new wardrobe. The company announced it has acquired "substantially all of the assets" of privately held screen printing and apparel decoration specialist New Buffalo Shirt Factory for around $7 million.
- [By Tom Stoukas]
Deutsche Lufthansa AG (LHA) and Allianz SE (ALV) led airlines and insurers lower, retreating at least 1.5 percent. Bayerische Motoren Werke AG (BMW) slid 1.6 percent. Deutsche Bank AG (DBK) rose after JPMorgan Chase & Co. boosted its recommendation on the shares. Gildemeister AG (GIL) added 3.4 percent after Deutsche Bank upgraded the maker of cutting tools.
Top 10 Canadian Companies To Watch For 2014: Canadian National Railway Company(CNI)
Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business in North America. It provides transportation for various goods, including petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, and intermodal and automotive products. The company operates a network of approximately 20,600 route miles of track that spans Canada and mid-America, from the Atlantic and Pacific oceans to the Gulf of Mexico. It serves the ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), as well as metropolitan areas of Toronto, Buffalo, Chicago, Detroit, Duluth (Minnesota)/Superior (Wisconsin), Green Bay (Wisconsin), Minneapolis/St. Paul, Memphis, and Jackson (Mississippi), with connections to various points in North America. The company was founded in 1922 and is headquartered in Montreal, Canada.
Advisors' Opinion:- [By Aaron Levitt]
The first whistle stop for investors could be Canadian National (CNI). As the owner of the two trains that collided in North Dakota, CNI shares fell pretty hard on the crude-by-rail accident and aftermath. However, Canadian National is the largest operator of railways in Canada, giving it unprecedented access to not only Bakken-based crude-by-rail shipments, but oil sands shipments as well. And that makes it one of the best railroad stocks to consider.
- [By Paul Ausick]
A Canadian National Railway Co. (NYSE: CNI) derailed and 4 cars carrying crude oil and 9 cars carrying liquefied petroleum gas (LPG) caught fire about 50 miles west of Edmonton, Alberta, early Saturday morning. No injuries have been reported. The 100 people living in the town of Gainford were all evacuated as a precaution.
- [By Brian Pacampara]
Similar to my thoughts on [Canadian National Railway (NYSE: CNI ) , railroads are the backbone of the economy, and when the economy finally climbs out of the recessionary hole it is in, companies like GWR will reap the most benefits. GWR also has the dominance in short and regional lines in the North American market plus Australia. Their traffic growth has been steady of late and performed well over the years.
Top 10 Canadian Companies To Watch For 2014: Thor Industries Inc.(THO)
Thor Industries, Inc., together with its subsidiaries, manufactures and sells a range of recreation vehicles and small and mid-size buses, as well as related parts and accessories in the United States and Canada. The company offers a range of travel trailers and motorhomes under the trade name of Airstream, which include Airstream Safari, International, Flying Cloud, and Bambi travel trailers, as well as Interstate Class B motorhomes. It also manufactures and sells conventional travel trailers and fifth wheels under the trade names of Dutchmen, Four Winds, Aero, Grand Junction, Colorado, Cruiser, Seville, Zinger, and Sunset Trail; travel trailers and fifth wheels under trade names of Montana, Springdale, Hornet, Sprinter, Outback, Laredo, Everest, Mountaineer, Challenger, Cougar, Komfort, and Trailblazer; and gasoline and diesel Class C, Class A, and Class B motorhomes under the trade names of Four Winds, Hurricane, Windsport, Mandalay, Dutchmen, Chateau, Serrano, Ventura, and Fun Mover. In addition, it manufactures and sells gasoline and diesel Class A motor homes under the trade names of Daybreak, Challenger, Astoria, Tuscany, Outlaw, and Avanti; travel trailers, fifth wheels, truck campers, and park models under the trade name of General Coach; and park models under the trade names of Tranquility, Westchester, and Breckenridge. Further, the company manufactures small and mid-size transit and commercial buses under the trade names of Aerolite, AeroElite, Aerotech, Escort, MST, Transmark, EZ Rider, Axess, Challenger, Defender, Crusader, American Cruiser, Classic Coach, EZ Trans, GC II, and Pacer. It markets its vehicles through independent dealers to municipalities and private purchasers, such as rental car companies and hotels. The company has a joint venture agreement with Cruise America, Inc. to provide short-term rentals of motorized recreation vehicles to the public. Thor Industries was founded in 1980 and is based in Jackson Center, Oh io.
Advisors' Opinion:- [By Roberto Pedone]
My first earnings short-squeeze trade idea is recreational vehicle maker Thor Industries (THO), which is set to release numbers on Thursday after the market close. Wall Street analysts, on average, expect Thor Industries to report revenue of $964.54 million on earnings of 95 cents per share.
The current short interest as a percentage of the float Thor Industries is notable at 6.7%. That means that out of the 50.23 million shares in the tradable float, 3.01 million shares are sold short by the bears. If the bulls get the earnings news they're looking for, then shares of THO could easily rip sharply higher post-earnings.
From a technical perspective, THO is currently trending above both 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 $34.38 to its recent high of $55.93 a share. During that uptrend, shares of THO have been making mostly higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of THO within range of triggering a big breakout trade post earnings.
If you're bullish on THO, then I would wait until after its report and look for long-biased trades if this stock manages to break out above some near-term overhead resistance levels at $55.29 to its 52-week high at $55.93 a share with high volume. Look for volume on that move that hits near or above its three-month average action of 397,012 shares. If that breakout hits, then THO will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $65 to $70 a share.
I would simply avoid THO 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 its 50-day moving average of $53.11 to $52.52 a share with high volume. If we get that move, then THO will set up to
- [By Brian Pacampara]
What: Shares of recreational vehicle maker Thor Industries (NYSE: THO ) popped 10% today after its quarterly results topped Wall Street expectations.
- [By Grace L. Williams]
Shares of Winnebago have gained 4.4% to $28.47 today at 3pm. Thor Industries (THO), which also makes recreational vehicles, has ticked up 0.1% to $57.56, Drew Industries (DW) has risen 0.3% to $48.74, Arctic Cat (ACAT) has advanced 1% to $59.87 and Polaris Industries (PII) has fallen 0.3% to $132.08.
- [By Rich Duprey]
Specialty vehicle maker Thor Industries� (NYSE: THO ) is selling substantially all of the assets of its ambulance division, SJC Industries, to privately held Wheeled Coach Industries, a subsidiary of Allied Specialty Vehicles, which is based in Orlando. Fla.�
Top 10 Canadian Companies To Watch For 2014: Potash Corporation of Saskatchewan Inc.(POT)
Potash Corporation of Saskatchewan Inc. produces and sells fertilizers and related industrial and feed products primarily in the United States and Canada. The company mines and produces potash, which is used as fertilizer. It also offers solid and liquid phosphate fertilizers; animal feed supplements; and industrial acids that are used in food products and industrial processes. In addition, the company produces nitrogen fertilizers, as well as nitrogen feed and industrial products, including ammonia, urea, nitrogen solutions, ammonium nitrate, and nitric acid. Further, it holds the right to mine 785,759 acres of land in Saskatchewan; and 58,263 acres of land in New Brunswick in Canada. The company sells its fertilizers primarily to retailers, dealers, co-operatives, distributors, and other fertilizer producers; industrial products primarily to chemical product manufacturers; and purified phosphoric acid directly to consumers of the product. Potash Corporation was founded i n 1953 and is based in Saskatoon, Canada.
Advisors' Opinion:- [By Teresa Rivas]
Potash Corporation of Saskatchewan (POT) was falling 4.5% while Intrepid Potash (IPI) tumbled more than 8% and Mosaic (MOS) lost 5%.
Credit Suisse analyst Christopher Parkinson downgraded both Potash Corp. and Intrepid to Underweight today, noting ��he end of a pricing era�� with new target prices of $27 and $11, respectively. He maintained a Neutral rating on Mosaic, although he reduced his target price to $41 from $65.
- [By Tomi Kilgore]
Potash Corp. of Saskatchewan(POT) rose 0.5%, Mosaic(MOS) gained 0.1% and Intrepid Potash(IPI) climbed 0.7%. In addition, CF Industries Holdings(CF) tacked on 1.4% and Agrium(AGU.T) advanced 1.1%.
- [By Ben Levisohn]
Which of course begs the question: Why didn’t Samuelson cut Potash (POT)? He has an answer:
We downgrade [Mosaic] to Sell but keep [Potash] at Neutral given (1) greater valuation support at POT given its 4.1% dividend yield, which we view as sustainable given our pricing/cash flow forecasts, which we also believe is a key appeal for [Potash��] large Canadian institutional holders, (2) a more favorable cost outlook at� [Potash] following recent headcount reductions, which should help the company improve utilization at lower-cost facilities (e.g., Rocanville), and (3) earnings ballast from a less negative near-term [Neutral] outlook at [Potash]. That said, our revised $32, 12-month price target for� [Potash] still implies 5% downside and our core K industry view is that both companies will be significantly impacted.
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