After stocks imploded in late trading on Friday, investors opened June undeterred, sending the Dow Jones Industrial Average (DJINDICES: ^DJI ) up 138 points, or 0.9%. The gains came from hopes that the Fed would hold back plans to cut its stimulus program because of two weak economic reports today, a pattern we saw last Thursday as well. The Institute of Supply Management said its manufacturing index dropped from 50.7 in April to 49.0 in May, indicating a contraction to its level since June 2009 and well below expectations of 50.9. Construction spending for April also grew less than expected, coming in at 0.4% on projections of a 1.1% increase.
Still, concerns about the Fed have dominated investor mentality recently since the most recent Fed minutes were released on May 22, and the market bizarrely seems to be hoping for bad news to stave off the eventual winding down of the bond-buying program.
Top Wireless Telecom Stocks For 2014: qinetiq group ord gbp0(QQ.L)
QinetiQ Group plc provides technical support, training, test and evaluation, and know-how to customers in the defense, aerospace, and security markets primarily in the United Kingdom and North America. The company offers various services, such as test and evaluation of land, sea, and air equipment; technical and information services; electro-magnetic compatibility and environmental testing; network engineering and communications solutions; cyber operations; software solutions; systems engineering; facility management and range design; military, aviation, and cyber and software training; and aerospace engineering that include design, simulate, instrument, embody, and evaluate aircraft and equipment. Its products include OptaSense to gather information from linear assets; Zephyr, an unmanned air vehicle to support payloads for surveillance or communications; X-Net, a vehicle arresting system to bring vehicles to a safe non-lethal stop; Q-Net to protect tactical and lightly a rmored vehicles from rocket-propelled grenades. The company also provides military robotics comprising Dragon Runner, a small unmanned ground vehicle (UGV); Dragon Runner 10, a micro UGV; Rascal, a sensor-carrying small ground robot; TALON, a man-portable robot; MAARS, a modular ground robot system; and Rangemaster for operations running on diesel engine. QinetiQ Group plc is based in Farnborough, the United Kingdom.
Top Wireless Telecom Stocks For 2014: Tiger International Resources I (TGR.V)
Tiger International Resources Inc., through its subsidiary, engages in the acquisition, exploration, and development of mining properties in the Philippines. The company explores for gold and copper. It primarily holds interest in the Esperanza Gold project covering an area of 340 hectares located near Baguio City in northern Luzon. The company is based in Laguna Hills, California.
Best Defensive Stocks For 2014: AGCO Corporation (AGCO)
AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. The company provides tractors, including compact tractors for small farms and specialty agricultural industries comprising dairies, landscaping, and residential areas; utility tractors, such as two-wheel and all-wheel drive versions for small and medium-sized farms, and specialty agricultural industries consist of dairy, livestock, orchards, and vineyards; and horsepower tractors for large farms and on cattle ranches for hay production. It also offers application equipment, which includes self-propelled, three and four-wheeled vehicles, and related equipment for use in the application of liquid and dry fertilizers, and crop protection chemicals; chemical sprayer equipment for planting crops; and related equipment that comprises vehicles for waste application, as well as provides combines. In addition, the company offers hay tools and forage equipment consisting rou nd and rectangular balers, self-propelled windrowers, disc mowers, spreaders and mower conditioners for harvesting and packaging vegetative feeds; and engines, such as diesel engines, gears, and generating sets. Further, it provides implements, including disc harrows for improving field performance; heavy tillage to break up soil and mix crop residue; and field cultivators for preparing smooth seed bed and destroy weeds, as well as offers tractor-pulled planters and loaders. Additionally, the company provides precision farming technologies to enhance productivity and profitability on the farm; and other advanced technology precision farming products to gather information, such as yield data, as well as offers wholesale financing and retail financing. It markets its products under the Challenger, Fendt, Massey Ferguson, and Valtra brand names through a network of independent dealers and distributors. AGCO Corporation was founded in 1990 and is headquartered in Duluth, Georgia .
Top Wireless Telecom Stocks For 2014: Apache Corporation(APA)
Apache Corporation, together with its subsidiaries, engages in the exploration, development, and production of natural gas, crude oil, and natural gas liquids. The company has exploration and production interests in the Gulf of Mexico, the Gulf Coast, east Texas, the Permian basin, the Anadarko basin, and the Western Sedimentary basin of Canada; and onshore Egypt, offshore Western Australia, offshore the United Kingdom in the North Sea, and onshore Argentina, as well as on the Chilean side of the island of Tierra del Fuego. Apache Corporation sells its natural gas to local distribution companies, utilities, end-users, integrated oil and gas companies, and marketers; and crude oil to integrated oil companies, marketing and transportation companies, and refiners. As of December 31, 2009, it had total estimated proved reserves of 1,067 million barrels of crude oil, condensate, and natural gas liquids, as well as 7.8 trillion cubic feet of natural gas. The company was founded in 1954 and is based in Houston, Texas.
Advisors' Opinion:- [By Sherry Jim]
Apache Corp (NYSE: APA): APA is the largest US energy stock in Cramer’s trust. As of Feb. 15, the fund owns 1050 shares of APA, which is worth about $113,000. APA is also quite popular among hedge funds. At the end of the third quarter, there were 30 hedge funds with APA positions. Jean-Marie Eveillard’s First Eagle Investment Management had $147 million invested, and Ric Dillon and Boykin Curry were also bullish about the stock, each with more than $100 million invested in APA at the end of September.
We agree with these hedge fund managers. In late January, APA announced that it agreed to acquire Cordillera Energy Partners III LLC for $2.85 billion. Cordillera has nearly 254,000 net acres in the Anadarko Basin of Texas. It also has reserves of 71.5 million barrels of oil equivalent and its current net production is about 18,000 barrels per day. The acquisition will also provide APA with about 14,000 potential drilling locations. APA is already trading at attractive multiples. Its forward P/E ratio is 8.78 and its EPS is expected to grow at 11.22% on the average per year over the next five years. So its P/E ratio for 2014 is only 7.02.
- [By Dennis Slothower]
Apache Corp. (NYSE:APA): Down 1.15% to $82.73. Apache Corporation is an independent energy company. The Company explores for, develops, and produces natural gas, crude oil, and natural gas liquids. The Company has operations in North America, onshore Egypt, offshore Western Australia, offshore the United Kingdom in the North Sea (North Sea), and onshore Argentina, as well as on the Chilean side of the island of Tierra del Fuego.
Top Wireless Telecom Stocks For 2014: Isg Capital Co(SUS.V)
ISG Capital Corporation, a real estate company, engages in the acquisition and greening of investment properties. As of September 30, 2010, the company acquired one property, which is located in Ingersoll, Canada. ISG Capital Corporation is based in Toronto, Canada.
Top Wireless Telecom Stocks For 2014: SOURCE BIOSCIENCE PLC ORD GBP0.02(SBS.L)
Source BioScience plc provides diagnostics and genetic analysis services and products to healthcare, life science research, and pharma biotech sectors primarily in the United Kingdom. It operates in three divisions: Healthcare, LifeSciences, and PharmaBiotech. The Healthcare division offers cytology cancer screening, histopathology, genetic testing, and diagnostic testing services for the detection and classification of cancer and other diseases to the NHS and private hospitals. This segment also distributes and supports the SurePath liquid-based cytology system, the FocalPoint automated cytology imaging platform, and telepathology hardware systems and associated software. The LifeSciences division provides sequencing and other genomic services, including sanger sequencing, illumina next generation sequencing, DNA extraction and amplification, gene expression, genotyping, and bioinformatics and data analysis to academic research groups. This division also supplies a portfo lio of cloned DNA and RNA products, antibodies, and research reagents for use in cell culture, immunology, nucleic acid analysis and cloning, gene expression, and regulation applications. The PharmaBiotech provides reference laboratory testing services to pharmaceutical and biotechnology companies to aid in the drug discovery and development in conjunction with clinical trials support. Source BioScience plc also has operations in Europe, the Americas, the Middle East, Asia, and Australia. The company was formerly known as Medical Solutions plc and changed its name to Source BioScience plc in March 2008. Source BioScience plc is headquartered in Nottingham, the United Kingdom.
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