With shares of�Corning Inc.�(NYSE:GLW) trading at around $16.35, is GLW an OUTPERFORM, WAIT AND SEE or STAY AWAY? Let�� analyze the stock with the relevant sections of our CHEAT SHEET investing framework:
C = Catalyst for the Stock�� Movement
Corning has been making new 52-week highs as of late, but is this trend sustainable? In this stock market environment, anything is possible. However, that doesn�� mean all moves are justifiable.
Corning Incorporated produces and sells specialty glasses, ceramics, and related materials worldwide. It operates through five segments: Display Technologies, Telecommunications, Environmental Technologies, Specialty Materials, and Life Sciences.
Corning has a diverse revenue base. There is currently high demand for tablets and smartphones, Gorilla Glass has received many positive reviews, Q1 estimates were recently beat, there have been cost and efficiency improvements, revenue has increased for three consecutive years, and the stock is at a good valuation, trading at 14 times earnings, while the industry trades at 19 times earnings. However, when you look at the breakdown for the last quarter, there is good reason for caution. The only segment that showed improvement was Life Sciences. Corning is confident in future growth, but that doesn�� mean confidence will lead to actual results.
Top 10 Defensive Companies To Buy For 2015: ePlus Inc.(PLUS)
ePlus inc., through its subsidiaries, engages in selling, leasing, financing, and managing information technology (IT) and other assets in the United States. Its Technology Sales segment involves in the direct marketing of IT equipment and third-party software solutions of Cisco Systems, HP, VMWare, NetApp, IBM, and Microsoft; and the provision of proprietary software for enterprise supply management, including order-entry and order-management, procurement, spend management, asset management, document management, distribution, and electronic catalog content management software and services. This segment also provides professional technology services in the areas of data center, storage, security, cloud enablement, and IT infrastructure that cover Internet telephony and communications, collaboration, cloud computing, virtual desktop infrastructure, network design and implementation, storage, security, virtualization, business continuity, visual communications, audio/visual technologies, maintenance, and implementation services. The company?s Financing segment offers a range of leasing and financing options for IT and capital assets, such as computers, associated accessories and software, communication-related equipment, medical equipment, industrial machinery and equipment, office furniture and general office equipment, transportation equipment, and other general business equipment. It also leases and finances equipment, as well as supplies software and services directly and through relationships with vendors and equipment manufacturers. ePlus sells its products primarily through direct sales force, inside sales representatives, and business development associates to commercial customers; federal, state, and local governments; K-12 schools; and higher education institutions. The company was formerly known as MLC Holdings, Inc. and changed its name to ePlus inc. in 1999. ePlus was founded in 1990 and is headquartered in Herndon, Virginia.
Advisors' Opinion:- [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 ePlus inc. (Nasdaq: PLUS ) , whose recent revenue and earnings are plotted below. - [By alicet236]
ePlus Inc. (PLUS): President and CEO, 10% Owner Phillip G. Norton Sold 198,730 Shares
President and CEO, 10% Owner of ePlus Inc. (PLUS) Phillip G. Norton sold 198,730 shares on 05/05/2014 at an average price of $47.5. ePlus Inc. was founded in 1990 and is a Delaware corporation and began using the name ePlus inc. ePlus Inc. has a market cap of $401.106 million; its shares were traded at around $49.74 with a P/E ratio of 11.50 and P/S ratio of 0.38. ePlus Inc. had an annual average earnings growth of 6.70% over the past 10 years. GuruFocus rated ePlus Inc.�the business predictability rank of 2-star.
Top 10 Life Sciences Companies To Invest In 2014: WESCO International Inc. (WCC)
WESCO International, Inc. engages in the distribution of electrical, industrial, and communications maintenance, repair, and operating (MRO) products; and original equipment manufacturers products and construction materials. It also provides supply chain management and logistics services. The company offers general and industrial supplies, such as wiring devices, fuses, terminals, connectors, boxes, enclosures, fittings, lugs, terminations, tapes, splicing and marking equipment, tools and testers, safety and security, personal protection, abrasives, cutting tools, consumables, fasteners, janitorial, and other MRO supplies. It also provides wires, cables, raceway, and metallic and non-metallic conduits; and communications products, such as structured cabling systems, broadband products, low voltage specialty systems, specialty wire and cable products, equipment racks and cabinets, access controls, alarms, cameras, and paging and voice solutions. In addition, the company off ers power distribution equipment, such as circuit breakers, transformers, switchboards, panel boards, metering products, and busway products; lighting and controls, including lamps, fixtures, ballasts, and lighting control products; and motor control devices, drives, surge and power protection, relays, timers, pushbuttons, operator interfaces, switches, sensors, and interconnects. Further, it provides value added services in the areas of construction, e-business, energy, engineering services, green and sustainability, production support, safety and security, supply chain optimization, training, and working capital. The company serves industrial and commercial businesses, contractors, governmental agencies, institutions, telecommunications providers, and utilities. It operates in North America and internationally. WESCO International, Inc. was founded in 1922 and is headquartered in Pittsburgh, Pennsylvania.
Advisors' Opinion:- [By Rich Smith]
Instead, the winners who will compete among themselves to fulfill the $45 million firm-fixed-price, multiple-award, indefinite-delivery/indefinite-quantity contract include privately held Bluewater Communications Group LLC, small-cap Globecomm Systems (NASDAQ: GCOM ) , and TVC Communications LLC, of Annville, Penn., a small subsidiary of larger electronics distributor WESCO International (NYSE: WCC ) . All three will now be competing against each other to win the Pentagon's business on individual task orders for the Cisco and other HD equipment on order.
- [By Seth Jayson]
WESCO International (NYSE: WCC ) reported earnings on April 18. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), WESCO International met expectations on revenues and missed estimates on earnings per share.
Top 10 Life Sciences Companies To Invest In 2014: Home Federal Bancorp Inc.(HOME)
Home Federal Bancorp, Inc. operates as the holding company for Home Federal Bank that provides financial products and services to consumers and businesses. The company?s deposit products include checking accounts, money market deposit accounts, savings accounts, and certificates of deposits. Its loan products portfolio comprises one-to-four family residential real estate, real estate construction, and commercial and multifamily real estate loans; commercial business loans for various business purposes, such as working capital and equipment financing, and capital and general investment; and consumer loans, including home equity loans and lines of credit, savings account loans, automobile loans, recreational vehicle loans, and personal unsecured loans. The company offers its products and services in the Treasure Valley region of southwestern Idaho, including Ada, Canyon, Elmore, and Gem counties; the Tri-County region of Central Oregon comprising the counties of Crook, Desc hutes, and Jefferson, as well as the communities of Eugene, Grants Pass, and Medford; and Lane, Josephine, Jackson, and Multnomah counties in Western Oregon. As of January 27, 2012, it operated 28 full-service banking offices. The company was founded in 1920 and is headquartered in Nampa, Idaho.
Advisors' Opinion:- [By Sofia Horta e Costa]
Sanofi fell 2.6 percent after withdrawing a U.S. application for a diabetes drug. Cie. Financiere Richemont (CFR) SA dropped 2.3 percent as revenue missed analysts��estimates. Vivendi SA advanced 2.7 percent after saying it will begin a formal study to separate its French phone unit from its media businesses. Home Retail Group Plc (HOME) surged 5.4 percent to a two-year high as sales exceeded projections.
Top 10 Life Sciences Companies To Invest In 2014: Assured Guaranty Ltd(AGO)
Assured Guaranty Ltd., through its subsidiaries, provides credit protection products to public finance, infrastructure, and structured finance markets in the United States and internationally. The company offers insurance, reinsurance, and credit derivative products that protect holders of debt instruments and other monetary obligations from defaults in scheduled payments, including scheduled interest and principal payments. It provides policies issued directly to the holders of insured obligations at time of issuance and those issued in the secondary market; and assumed reinsurance contracts written to third parties. The company insures various types of securities, including taxable and tax-exempt obligations issued by the United States or municipal governmental authorities, utility districts, or facilities; notes or bonds issued to finance international infrastructure projects; and asset-backed securities issued by special purpose entities. Assured Guaranty Ltd. markets its credit protection products directly to issuers and underwriters of public finance, infrastructure, and structured finance securities, as well as to investors in such debt obligations. The company was founded in 2003 and is based in Hamilton, Bermuda.
Advisors' Opinion:- [By Selena Maranjian]
Diamond Hill reduced its stake in lots of companies, including Assured Guaranty (NYSE: AGO ) . The company offers a 2% dividend yield, which reflects a recent 11% increase, but it's been struggling lately. Its CEO recently said at a conference that the company is working on new business production but is feeling "pressured in the States." On the plus side, "We actually expect 2013 to be a reasonably good year in the international markets." Assured also won a legal case earlier this year and along with it many millions.
- [By Eric Volkman]
Assured Guaranty (NYSE: AGO ) is attempting two well-tried moves to keep shareholders happy. The first is a quarterly dividend distribution amounting to $0.10 per share of its stock, to be handed out on June 5 to shareholders of record as of May 22. That amount matches Assured Guaranty's previous disbursement, which was paid in March.
Top 10 Life Sciences Companies To Invest In 2014: Diamond Foods Inc.(DMND)
Diamond Foods, Inc., a packaged food company, engages in processing, marketing, and distributing snack products, as well as culinary, in-shell, and ingredient nuts. Its snack products include glazed nuts, roasted and mixed nuts, breakfast trail mix products, microwave popcorn products, and potato and tortilla chips. The company?s culinary nuts comprise shelled nuts, pegboard nuts, and harvest reserve premium nuts. Its in-shell nuts consist of uncracked nuts and mixed nuts; and ingredient/food service products include shelled and processed nuts, and custom-processed nuts. The company offers its products under the Emerald, Pop Secret, Kettle, and Diamond of California brand names. It markets its culinary nuts to individuals, who prepare meals or baked goods at home; and ingredient and food service nuts to food processors, restaurants, bakeries, and food service companies and their suppliers. Diamond Foods, Inc. sells its products directly to retailers, such as national groce ry stores, club stores, mass merchandisers, and drug store chains; and indirectly through wholesale distributors, who serve independent and small regional retail grocery store chains and convenience stores. The company offers its products in the United States, the United Kingdom, Germany, the Netherlands, Spain, Italy, Canada, South Korea, Turkey, and Japan. Diamond Foods, Inc. was founded in 1912 and is based in San Francisco, California.
Advisors' Opinion:- [By Eric Volkman]
A new individual is heading the finance team at Diamond Foods (NASDAQ: DMND ) . The company has appointed Raymond Silcock as its chief financial officer. He replaces interim CFO Michael Murphy, who has been in the position since early February. Silcock will also serve as executive vice president. The appointment is effective as of June 11.
- [By Sue Chang and Saumya Vaishampayan]
Shares of Diamond Foods Inc. (DMND) �dove 11%. The snack-food company�� fourth-quarter results, while beating estimates, included a warning on ��ignificant sales and contribution headwinds��in the fiscal first quarter.
- [By Monica Gerson]
Diamond Foods (NASDAQ: DMND) posted a FQ4 loss of $147.1 million, or $6.71 per share, versus a year-ago loss of $32.9 million, or $1.52 per share. Its revenue dropped 11% to $199.8 million from $224 million. Excluding one-time items, it earned $0.09 per share. However, analysts expected the company to break even on revenue of $194 million. Diamond Foods shares tumbled 7.77% to $21.72 in the after-hours trading session.
Top 10 Life Sciences Companies To Invest In 2014: SK TELECOM ADR EACH REP 1/9 KRW500(CIT)
SK Telecom Co., Ltd. provides wireless telecommunications services using code division multiple access (CDMA) and wide-band CDMA technologies. It offers cellular voice services, such as wireless voice transmission services; and wireless global roaming services. The company also provides wireless data transmission services, such as wireless Internet access services, which allow subscribers to access online digital contents and services, as well as to send and receive text and multimedia messages. In addition, it offers broadband Internet and fixed-line telephone services, such as video-on-demand and IP TV services; and local, domestic, and international long-distance fixed-line telephone services to residential and commercial subscribers. Further, the company provides wireless entertainment-related contents and services, wireless finance-related contents and m-commerce services, and wireless news and search services; and international calling services, such as direct-dial, pre and post paid card calling services, bundled services for corporate customers, voice services using Internet protocol, Web-to-phone services, and data services. Additionally, it offers satellite digital media broadcasting services; telematics services; and fixed-line and online community portal services. The company also operates 11th Street, an online shopping mall; and T Store, an online open marketplace for mobile applications. As of March 31, 2011, SK Telecom Co. had 26 million wireless subscribers. It has strategic alliances with Bridge Alliance; Orange SA; Telecom Italia Mobile S.p.A.; T-Mobile International AG & Co; and Teliasonera Mobile Networks AB. The company was formerly known as Korea Mobile Telecommunications Co., Ltd. and changed its name to SK Telecom Co., Ltd. in March 1997. SK Telecom Co., Ltd. was founded in 1984 and is based in Seoul, South Korea.
Advisors' Opinion:- [By Lee Jackson]
CIT Group Inc. (NYSE: CIT) has been consistently striving to expand its market share. In 2012, the company launched Maritime Finance, which offers secured loans to operators of oceangoing and inland cargo vessels, as well as offshore vessels and drilling rigs. In 2011, the company announced establishment of CIT Real Estate Finance business and an online bank. All these initiatives are expected to drive revenue growth going forward. Investors receive a tiny 0.4% dividend. Oppenheimer raises their 2014 price target to $59 from $55. The consensus target is at $55. CIT closed Monday at $51.64.
- [By Rich Smith]
What does it mean to you?
If you are a shareholder, GE's earnings report contains quite a few good tidings. Already, GE is showing its strongest revenue growth (9% in Q2) in its two most profitable business segments: oil and gas (14% operating profit margin), and aviation (16% margin). New engines to power Boeing (NYSE: BA ) and Airbus aircraft are (literally) flying off the shelves, as airlines such as AirAsia and United Airlines (NYSE: UAL ) , and airplane lessors including CIT Group (NYSE: CIT ) pay up to outfit their new planes. - [By Jon C. Ogg]
CIT Group Inc. (NYSE: CIT) was raised to Buy from Hold at Jefferies.
Diamondback Energy Inc. (NASDAQ: FANG) was raised to Buy from Neutral with a $54 price target at Sterne Agee.
- [By Lee Jackson]
CIT Group Inc. (NYSE: CIT) operates as the holding company for CIT bank, which provides commercial financing and leasing products, as well as deposit products and savings accounts. The company operates through five segments: Corporate Finance, Transportation Finance, Trade Finance, Vendor Finance, and Consumer. The Oppenheimer target for the stock was not listed in the report. The consensus target for the stock is $54.25.
Top 10 Life Sciences Companies To Invest In 2014: Saks Incorporated(SKS)
Saks Incorporated operates retail stores in the United States. Its stores offer an assortment of fashion apparel, shoes, accessories, jewelry, cosmetics, and gifts. The company operates stores under the brand name of Saks Fifth Avenue (SFA) that are principally free-standing stores in shopping destinations or anchor stores in upscale regional malls. It also operates Saks Fifth Avenue OFF 5TH (OFF 5TH) stores, which are primarily located in upscale mixed-use and off-price centers. As of January 28, 2012, the company operated 46 SFA stores; and 60 OFF 5TH stores. Saks Incorporated also sells its products online at saks.com, as well as through catalogs. The company was founded in 1919 and is headquartered in New York, New York.
Advisors' Opinion:- [By Holly LaFon]
During the year we made a number of portfolio changes. In addition to Forest Oil Corp., positions in Carters, Inc., John Wiley & Sons, Inc., Class A shares, and General Communication, Inc., Class A shares were eliminated and Saks, Inc. (SKS) was sold due to the company's acquisition by Hudson's Bay Company (TSX:HBC) (the $16 takeover price compared to our cost of approximately $4 .25 per share). One new position, Radian Group, Inc. (RDN), was established. One of the largest private mortgage insurance companies, Radian Group, Inc. should benefit from a recovery in the housing industry and from the Federal Housing Administration's gradual pull-back from the mortgage insurance market.
- [By Andrew Marder]
Earlier this week, the New York Post reported that high-end retailer Saks (NYSE: SKS ) had brought in Goldman Sachs to explore a possible sale. The company also reported its first-quarter results, and is looking fairly strong. Comparable sales grew, and earnings per share�hit analyst expectations. The combination of quarterly results and sale rumors conspired to push the stock up 11% yesterday, and overnight it rose another 18%. Is this the right time for Saks to sell, and if so, what should investors be on the lookout for?
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