Mexico�� IPC index rose the most among major stock benchmarks in the Americas and Europe today, capping its biggest weekly advance since 2009 after plunging on June 20 to a one-year low.
The IPC rose 2.5 percent to 40,623.30 at the close in Mexico City. The index gained 6.8 percent on the week, the most since July 2009. Steelmaker Industrias CH SAB (ICHB) was the biggest gainer today, while homebuilders Desarrolladora Homex SAB, Urbi Desarrollos Urbanos SAB, and Corp. Geo SAB were the week�� best performers.
Global stocks had plunged earlier in June amid speculation that the U.S. Federal Reserve is moving to taper monetary stimulus that has pushed investors to put money into higher-yielding emerging markets. Last week the index fell to 14.9 times analysts��earnings estimates, the cheapest since June 2012.
��aluations reached a very low level,��Luis Rodriguez, the director of research at Casa de Bolsa Finamex SAB in Guadalajara, Mexico, said by phone. ��ll emerging markets had a good week, and there are some good fundamentals in the Mexican economy that have been recognized by the market, so the bounce was larger,��
5 Best Gas Stocks To Watch For 2015: Sutor Technology Group Ltd (SUTR)
Sutor Technology Group Limited, incorporated on May 1, 1997, manufacture fine finished steel products. The Company utilizes a range of processes and technological methodologies to converts steel manufactured by third parties into fine finished steel products. The Company's product offerings are focused on finished steel products, specifically hot-dip galvanized steel (HDG steel), and pre-painted galvanized steel, or PPGI. In addition, the Company produces acid pickled steel (AP steel), and cold-rolled steel. The Company's three operating segments are categorized according to the Company's three operating subsidiaries, which include Changshu Huaye, which manufactures and sells HDG steel and PPGI products; Jiangsu Cold-Rolled, which manufactures and sells HDG steel, AP steel and cold-rolled steel, and Ningbo Zhehua, which manufactures and sells welded steel pipe products.
The Company sells its products to customers who operate primarily in the solar energy, appliances, automobile, construction, infrastructure, medical equipment and water resource industries. The Company's primary export markets are Europe, the Middle East, Asia, and South America. The Company's manufacturing facilities, located in Changshu, China, have three HDG steel production lines, one PPGI production line, one AP steel production line and one cold-rolled steel line. The Company's products include HDG steel, PPGI, AP steel, cold-rolled steel and welded steel pipe products. The Company's HDG steel and PPGI products are primarily manufactured by Changshu Huaye and the Company's AP steel and cold-rolled steel products are primarily manufactured by Jiangsu Cold-Rolled.
HDG Steel
The Company manufactures corrosion-resistant and zinc-coated HDG steel in different dimensions and using different materials and specifications by its customers. HDG steel products are manufactured from steel substrate of cold-rolled or hot-rolled pickled coils by applying zinc to the surface of the material to enhance its! corrosion protection. HDG steel products are principally used in the electrical household appliances and construction markets. Sales of HDG steel products amounted to approximately 451,269 MT in fiscal year 2012, representing approximately 63.8% of the Company's total revenue. The Company's HDG steel products are manufactured by Changshu Huaye and Jiangsu Cold-Rolled. Changshu Huaye produces only HDG of cold-rolled steel.
PPGI Products
PPGI products are made to order based on customer specifications. The Company's PPGI products��specification generally ranges from 700mm to 1250mm in width and from 0.2mm to 1.2mm in thickness. The Company's PPGI products are used in solar energy, appliances and construction materials. The Company produces its PPGI by color-coating on HDG of cold-rolled steel and then coating them in various colors according to customer requirements. The Company's PPGI production line is equipped with the twice baking and coating technology, which together with indirect heating, enhances the color coated layers adhesion to the galvanized zinc layer.
AP Steel
Acid pickling is a process that removes scales and oxides from the steel surface by pickling, cold rolling and annealing. AP steel products are used as a raw material for cold-rolled steel strip, HDG steel, as well as components of automobile and manufacturing equipment. AP steel products come in several different dimensions and using different materials and different specifications.
Full-Hard, Cold-rolled Steel Products
Full-hard cold-rolled steel strips are treated in an annealing process and are used to produce HDG of cold-rolled steel. The Company produces full-hard cold-rolled steel strips through a reverse cold rolling mill.
Welded Steel Pipe Products
The Company's subsidiary Ningbo Zhehua has one advanced Joint Center of Excellence (JCOE) production line for large-diameter, double-side, submerged-arc welded steel pipes, t! hree US L! incoln production lines for spiral seam, double-side, submerged-arc welded steel pipes, and two REF production lines for roll-bending, double-side, submerged-arc welded steel pipes. Ningbo Zhehua is specialized in manufacturing large-diameter, double-side, submerged-arc welded steel pipes and spiral seam steel pipes. The finished products are used for oil and gas transmission, municipal water supply projects, sewage treatment projects, and piling.
The Company competes with ArcelorMittal and Posco Steel.
Advisors' Opinion:- [By Monica Gerson]
Sutor Technology Group (NASDAQ: SUTR) is projected to report its Q4 earnings at $0.10 per share on revenue of $152.96 million.
Le Gaga Holdings (NASDAQ: GAGA) is estimated to report its Q4 earnings.
- [By James E. Brumley]
To tell the truth, I had almost forgotten about Sutor Technology Group Ltd. (NASDAQ:SUTR) after posting my "right stock, wrong time" speech back on the 9th. While I loved the way SUTR had broken past a horizontal ceiling at $1.83 after several weeks' worth of trying, the bullish move itself was a little overheated and looked like it was setting up a near-term pullback. Only after that dip would the stock be a healthy buy again.
Top 5 Cheapest Stocks To Own Right Now: PostNL NV (PNL)
PostNL NV is a Netherlands-based Company active in delivery sector. The Company is engaged in the delivery of documents, small packages and standard parcels. The Company�� business is organized into three segments: Mail in the Netherlands, responsible for mail services in the Netherland, documents management, direct marketing and fulfillment services, and operating over 2,600 shop-in-shop post offices; Parcels, providing parcel services in the Netherlands and Belgium for both domestic and cross-border parcel distribution, and International, operating in the postal markets of the United Kingdom, Germany and Italy, and focusing on domestic addressed mail services. The Company also provides marketing and communication services, fulfillment solutions and e-commerce related solutions. Advisors' Opinion:- [By Inyoung Hwang]
PostNL (PNL) sank 11 percent to 2.48 euros, the biggest decline since Jan. 14. The Amsterdam-based company said sales in the second-quarter were 1.03 billion euros ($1.37 billion), falling short of the 1.04 billion euros predicted by analysts on average. PostNL forecast addressed mail volume in 2013 will drop as much as 11 percent, greater than its previous forecast of no more than 10 percent.
Top 5 Cheapest Stocks To Own Right Now: Canterbury Park Holding Corporation(CPHC)
Canterbury Park Holding Corporation conducts pari-mutuel wagering operations and hosts unbanked card games at its Canterbury Park racetrack and card room facility in Shakopee, Minnesota. The company operates in three segments: Horse Racing, Card Room, and Concessions. The Horse Racing segment operates year-round pari-mutuel wagering on simulcast horse races, and live thoroughbred and quarter horse races held on a seasonal basis. The Card Room segment offers unbanked card games, which include poker and casino games. The Concessions segment provides food and beverage services for simulcast and live racing, and the card room, as well as for the special events. The company also offers facilities for special events, such as snowmobile races, arts and crafts shows, trade shows, concerts, fundraisers, automobile shows and competitions, vehicle and boat storage, and private parties. In addition, it provides advertising signage space; leases excess parking lot space for various aut omotive activities and vehicle storage; and sells various daily pari-mutuel publications. Canterbury Park Holding Corporation was founded in 1994 and is based in Shakopee, Minnesota.
Advisors' Opinion:- [By Monica Wolfe]
Lastly, Gabelli increased his position in Canterbury Park Holding (CPHC). Gabelli upped his stake 3.18% by purchasing a total of 13,824 shares. He bought these shares at an average price of $11.11 per share, and since then the price per share is up about 3%. Gabelli now holds 447,944 shares, representing 10.74% of the company�� shares outstanding.
- [By Sally Jones]
Canterbury Park Holding Corporation (CPHC) ��Market Cap $46.35 Million
Canterbury Park Holding Corporation is up 2% over 12 months. The company has a market cap of $46.35 million; its trades around $11.16 with a P/E ratio of 59.30 and a P/B of 1.70.
Top 5 Cheapest Stocks To Own Right Now: WageWorks Inc (WAGE)
WageWorks, Inc., incorporated on January 28, 2000, is an on-demand provider of tax-advantaged programs for consumer-directed health, commuter and other employee spending account benefits (CDBs), in the United States. The Company administers and operates a broad array of CDBs, including spending account management programs such as health and dependent care Flexible Spending Accounts (FSAs), Health Savings Accounts (HSAs), Health Reimbursement Arrangements (HRAs), and commuter benefits, such as transit and parking programs. The Company delivers its CDB programs through a scalable delivery model that employer clients and their employee participants may access through a standard Web browser on any Internet-enabled device, including computers, smart phones and other mobile devices such as tablet computers. In January 2013, the Company acquired Benefit Concepts, Inc.
The Company focuses on providing CDB programs to employer clients of any size. It provides marketing programs that are designed to maxmize employee participation in its employer clients��CDB offerings. The Company markets and sells its CDB programs through multiple channels, including direct sales to enterprises, direct sales and through brokers to small and medium-sized businesses (SMBs), and direct sales to industry purchasing and affiliate groups and through channel partners.
Its SMB distribution channel complements its enterprise sales channel and consists of third party advisors, including insurance agents and benefits consultants who typically have two to three enterprise clients and several hundred smaller employer clients, and institutional resellers, including regional and national insurance carriers, health plans, payroll providers, commercial banks and third-party administrators (TPAs). The Company also sells its programs through group purchasing organizations in which the Company negotiate a standard service contract with group purchasing organizations that are formed by industry specific employers to cov! er their members.
The Company competes with TASC, Inc, Aetna, UHC, Aon Hewitt, ADP, Ceridian, CDBs and Bank of America.
Advisors' Opinion:- [By Laura Brodbeck]
Tuesday
Earnings Expected From: Frontier Communications Corporation (NASDAQ: FTR), GSI Group, Inc. (GSIG), Tesla Motors, Inc. (NASDAQ: TSLA), WageWorks, Inc. (NYSE: WAGE), DIRECTV (NASDAQ: DTV), Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) Economic Releases Expected: �Australian trade balance, New Zealand�� unemployment rate, Canadian trade balance, eurozone PPI, British services PMIWednesday
- [By Seth Jayson]
Calling all cash flows
When you are trying to buy the market's best stocks, it's worth checking up on your companies' free cash flow once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That's what we do with this series. Today, we're checking in on WageWorks (NYSE: WAGE ) , whose recent revenue and earnings are plotted below. - [By John Udovich]
On Wednesday, small cap employee flexible spending account facilitator Wageworks Inc (NYSE: WAGE) rose 12.22% despite a secondary offering that effectively rewarded insiders plus the stock has tripled since last March. However, Wageworks��CEO recently said in a�conference call last week that he believes the�private health care exchanges related to Obamacare are expanding�the company���market plus WAGE also raised its forecast for full-year growth. So�does that make this small cap a buy?�
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