Centene CEO: 'The time was right' to buy WellCare for $15 billion

Centene CEO Michael Neidorff on Wednesday told CNBC his company's $15 billion acquisition of WellCare Health Plans "made more sense than I've seen in a long time."

"What I've always found [is] when there's a certain amount of uncertainty, there's a challenging environment, that's the time to act," he told "Mad Money's" Jim Cramer in a one-on-one interview. "That's when it's the best opportunity: Nobody's watching, nobody's expecting it. You take a play that makes sense."

The host noted that investors have begun selling off health care stocks, along with a range of other securities. Health insurer shares also tumbled on Tuesday after the Trump administration began making moves that seek to get rid of the remaining parts of the Affordable Care Act.

WellCare is a government-sponsored managed care company, while Centene services government-sponsored health care programs for uninsured people.

Since early February, shares of WellCare had shed more than $40 before the start of the week, though the stock shot up more than 12 percent during Wednesday's session. Centene's stock is down about 10 percent this year and lost nearly 5 percent on the day.

Cramer asked Neidorff why not wait to make a deal.

"We did wait," the chief responded. "There was a time this stock was a lot higher ... The time was right and some things don't come back around."

Neidorff ran through the number of reasons he likes the deal. Wellcare bolsters Centene's Medicare product, while Centene's technology platform bolsters WellCare's operations, he said. Centene is using preventative technology to reduce costs and "get ahead of the curve," he said.

Neidorff also gave a nod to Apple and its health-focused wearable technologies, which he said is "heading in the right direction."

The merger expands Centene to three new states and strengthens its business in Michigan, he continued. Furthermore, the company now has a presence in all 50 states in one form or another, he said.

"Short-term, I don't think about it. We have a lot of time and patience for our long-term investors and we have a lot of them," Neidorff said. "And I'm willing to bet a year from now we sit down and talk you're going to say to me: 'You did it at the right time.'"

Neidorff also gave his thoughts about the President Donald Trump's declaration that the GOP would be known as "the party of health care."

"Let's wait and see what they try to do first. There are lots of ideas, they have no ideas," he said, highlighting Republicans past plans to "repeal and replace" ACA, also known as Obamacare. "Well they've tried that. I believe that it's gonna hurt them politically if they keep doing that. The last election, I believe people were worried about their health care."

Centene's board officially extended the CEO's contract to 2024, Neidorff said.

WATCH: Cramer interviews Centene CEO Michael Neidorff coming off its acquisition of WellCare Health Plans show chapters Centene CEO: 'The time was right' to buy WellCare for $15 billion    3 Hours Ago | 07:36

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Top 10 Energy Stocks To Watch Right Now

tags:EPE,NOV,ECT,GPRK,BBG,EVEP,SHLX,BLDP,AE,DNR,

K2 Principal Fund L.P. reduced its holdings in Enphase Energy Inc (NASDAQ:ENPH) by 68.6% in the 2nd quarter, HoldingsChannel reports. The fund owned 170,000 shares of the semiconductor company’s stock after selling 371,200 shares during the quarter. K2 Principal Fund L.P.’s holdings in Enphase Energy were worth $1,144,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in ENPH. State Board of Administration of Florida Retirement System bought a new stake in shares of Enphase Energy in the second quarter worth about $115,000. SG Americas Securities LLC bought a new position in shares of Enphase Energy during the second quarter worth about $121,000. Verition Fund Management LLC bought a new position in shares of Enphase Energy during the first quarter worth about $131,000. Jane Street Group LLC bought a new position in shares of Enphase Energy during the first quarter worth about $133,000. Finally, Engineers Gate Manager LP bought a new position in shares of Enphase Energy during the second quarter worth about $227,000. Institutional investors own 39.12% of the company’s stock.

Top 10 Energy Stocks To Watch Right Now: EP Energy Corporation(EPE)

Advisors' Opinion:

• [By Max Byerly]

  Get a free copy of the Zacks research report on Enterprise GP (EPE)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Lisa Levin]

  Wednesday afternoon, the energy shares climbed 1.59 percent. Meanwhile, top gainers in the sector included SeaDrill Limited (NYSE: SDRL), up 77 percent, and EP Energy Corporation (NYSE: EPE), up 19 percent.

• [By Lisa Levin]

  Monday afternoon, the energy shares rose 2.14 percent. Meanwhile, top gainers in the sector included Energy XXI Gulf Coast, Inc. (NASDAQ: EGC), up 12 percent, and EP Energy Corporation (NYSE: EPE) up 13 percent.

Top 10 Energy Stocks To Watch Right Now: National Oilwell Varco, Inc.(NOV)

Advisors' Opinion:

• [By Ethan Ryder]

  Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:

  Get National-Oilwell Varco alerts: A Look Inside Earnings & Quant Signals For National Oilwell Varco, Inc. (NYSE:NOV) as EBITDA Reaches 0.032061 (cantoncaller.com) Notable Active Stock’s Momentum: Shoe Carnival, Inc., (NASDAQ: SCVL), National Oilwell Varco, Inc., (NYSE: NOV) (globalexportlines.com) Brief Overview on Company’s Performance: National Oilwell Varco, Inc. (NOV) (nasdaqplace.com) Short Interest in National-Oilwell Varco, Inc. (NOV) Decreases By 22.2% (americanbankingnews.com) Stocks in Focus- National Oilwell Varco, Inc. (NYSE:NOV), Perrigo Company plc (NYSE:PRGO), Apollo Commercial … (journalfinance.net)

  Shares of NYSE:NOV opened at $47.07 on Monday. The firm has a market cap of $18.05 billion, a price-to-earnings ratio of -112.07, a price-to-earnings-growth ratio of 46.25 and a beta of 0.87. National-Oilwell Varco has a 1-year low of $29.93 and a 1-year high of $49.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.75 and a current ratio of 3.19.

• [By Jason Hall, Tyler Crowe, and John Bromels]

  According to three Motley Fool contributors, there are still ample opportunities to profit in the oil and gas segment as some left-behind subsectors start to catch up to the higher price trend. Three in particular that are well-positioned going forward are Transocean LTD (NYSE:RIG), National-Oilwell Varco, Inc. (NYSE:NOV), and Devon Energy Corp (NYSE:DVN).  

• [By Matthew DiLallo]

  After steadily improving for several quarters, National Oilwell Varco's (NYSE:NOV) recovery hit a speedbump in the first quarter of 2018. Revenue declined 9% from the previous quarter and missed its forecast due to several issues. However, one thing the company's management team made clear on the accompanying conference call was that while the quarter was a disappointment, they're increasingly optimistic about what they see ahead.

• [By Logan Wallace]

  National-Oilwell Varco, Inc. (NYSE:NOV) – Equities researchers at Jefferies Financial Group upped their FY2018 earnings per share (EPS) estimates for National-Oilwell Varco in a research note issued to investors on Wednesday, February 6th. Jefferies Financial Group analyst B. Handler now anticipates that the oil and gas exploration company will post earnings of ($0.02) per share for the year, up from their previous forecast of ($0.06). Jefferies Financial Group has a “Hold” rating and a $41.00 price objective on the stock. Jefferies Financial Group also issued estimates for National-Oilwell Varco’s Q4 2018 earnings at $0.09 EPS.

• [By Garrett Baldwin]
  The price of Bitcoin faced more pressure over the weekend. The downturn came on news that several major banks have banned the purchasing of Bitcoin with credit cards. Bank of America Corp. (NYSE: BAC), JPMorgan Chase & Co. (NYSE: JPM), and Citigroup Inc. (NYSE: C) have all banned cryptocurrency purchases since Friday. This means that the top five credit card issuers have now halted the practice. Bitcoin sat at $7,773 this morning. Janet Yellen is officially out of the Federal Reserve and will be heading to the Brookings Institution. Today, Jerome Powell will begin his first term at the helm of the U.S. central bank. Powell takes over at an interesting time for the U.S. economy. The central bank is expected to raise interest rates three times in 2017. In addition, Powell must manage a $4.5 trillion balance sheet that the Fed built up in the wake of last decade's financial crisis. Gold prices saw a slight gain in pre-market hours. But those gains could surge as markets continue to face questions about inflation and a weaker U.S. dollar. Gold prices saw one of their biggest one-day declines in two months on Friday. Investors are looking at this as a solid entry point given price expectations from Money Morning Resource Specialist Peter Krauth. Peter expects that gold prices will reach $1,400 by the end of June and rise to as high as $1,500 by December. VideoMeet the Trading Expert Who Could Help Make You a Millionaire Crude oil prices slid in pre-market hours to a one-month low. The WTI crude oil price today fell 0.6%. Brent crude dropped 1.1%. Markets are growing increasingly fearful that rising U.S. production could spur an oversupply of the markets. Four Stocks to Watch Today: WFC, AVGO, QCOM, BMY Shares of Wells Fargo & Co. (NYSE: WFC) are off more than 8% this morning because the Fed has forced new sanctions on the bank that will limit its growth. The Fed's consent order will see the bank change four members of its board of directors and
• [By Zacks]

  On the news front, U.S. supermajor Chevron Corp. (NYSE: CVX) gave its go-ahead to the $5.1 billion second stage of its massive Gorgon LNG project in Western Australia, while oilfield service providers McDermott International, Inc. (NYSE: MDR) and National Oilwell Varco, Inc. (NYSE: NOV) provided first-quarter operational updates.

Top 10 Energy Stocks To Watch Right Now: ECA Marcellus Trust I(ECT)

Advisors' Opinion:

• [By Shane Hupp]

  SuperEdge (CURRENCY:ECT) traded 1.3% higher against the dollar during the 1 day period ending at 21:00 PM Eastern on October 4th. One SuperEdge token can currently be purchased for $0.0001 or 0.00000002 BTC on major exchanges. Over the last week, SuperEdge has traded 13.3% higher against the dollar. SuperEdge has a market cap of $0.00 and $91.00 worth of SuperEdge was traded on exchanges in the last day.

• [By Max Byerly]

  SuperEdge (CURRENCY:ECT) traded 17.2% higher against the dollar during the 24-hour period ending at 14:00 PM ET on September 22nd. One SuperEdge token can now be purchased for about $0.0001 or 0.00000001 BTC on cryptocurrency exchanges. In the last seven days, SuperEdge has traded 52.1% lower against the dollar. SuperEdge has a total market capitalization of $0.00 and approximately $623.00 worth of SuperEdge was traded on exchanges in the last day.

• [By Ethan Ryder]

  SuperEdge (CURRENCY:ECT) traded 19.2% lower against the US dollar during the 24-hour period ending at 19:00 PM E.T. on September 1st. SuperEdge has a market capitalization of $0.00 and approximately $947.00 worth of SuperEdge was traded on exchanges in the last day. Over the last seven days, SuperEdge has traded up 2.2% against the US dollar. One SuperEdge token can now be purchased for approximately $0.0002 or 0.00000002 BTC on popular exchanges.

• [By Joseph Griffin]

  Media coverage about Eca Marcellus Trust I (NYSE:ECT) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Eca Marcellus Trust I earned a coverage optimism score of 0.24 on Accern’s scale. Accern also assigned media coverage about the oil and gas company an impact score of 47.7651927822973 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Top 10 Energy Stocks To Watch Right Now: Geopark Ltd(GPRK)

Advisors' Opinion:

• [By Max Byerly]

  Canaccord Genuity reaffirmed their buy rating on shares of Geopark (NYSE:GPRK) in a research note published on Tuesday morning.

  “We expect the Street to raise its estimates once again on the back of these strong results.”,” the firm’s analyst wrote.

• [By Shane Hupp]

  Lonestar Resources US (NYSE: GPRK) and GeoPark (NYSE:GPRK) are both small-cap oils/energy companies, but which is the superior stock? We will compare the two companies based on the strength of their analyst recommendations, profitability, earnings, dividends, valuation, risk and institutional ownership.

• [By Motley Fool Transcribers]

  GeoPark Ltd  (NYSE:GPRK)Q4 2018 Earnings Conference CallMarch 07, 2019, 9:00 a.m. ET

  Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:

  Operator

Top 10 Energy Stocks To Watch Right Now: Bill Barrett Corporation(BBG)

Advisors' Opinion:

• [By Shane Hupp]

  Shares of Bill Barrett Co. (NYSE:BBG) have been assigned a consensus rating of “Hold” from the twelve ratings firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $7.28.

Top 10 Energy Stocks To Watch Right Now: EV Energy Partners, L.P.(EVEP)

Advisors' Opinion:

• [By Money Morning Staff Reports]

  But before we show you our pick, here are the top 10 penny stocks to watch this week…

  Penny Stocks Current Share Price (as of Jan. 5) Jan. 2-5 Gain (as of Jan. 5) My Size Inc. (Nasdaq: MYSZ) $1.66 152.28% Cytori Therapeutics Inc. (Nasdaq: CYTX) $0.47 89.52% DelMar Pharmaceuticals Inc. (Nasdaq: DMPI) $1.675 58.02% CAS Medical Systems Inc. (Nasdaq: CASM) $1.09 55.71% China HGS Real Estate Inc. (Nasdaq: HGSH) $1.83 47.58% Aethlon Medical Inc. (Nasdaq: AEMD) $1.56 43.12% Midatech Pharma Plc. (Nasdaq: MTP) $1.23 43.01% Comstock Holding Cos. Inc. (Nasdaq: CHCI) $1.87 36.5% Cenveo Inc. (Nasdaq: CVO) $1.20 31.82% EV Energy Partners LP (Nasdaq: EVEP) $0.6844 31.62%

  
  FREE PROFIT ALERTS: Get real-time recommendations on the best penny stock opportunities the moment we release them. Just sign up here, it's completely free…

Top 10 Energy Stocks To Watch Right Now: Shell Midstream Partners, L.P.(SHLX)

Advisors' Opinion:

• [By Logan Wallace]

  Shell Midstream Partners (NYSE:SHLX) last issued its earnings results on Thursday, August 2nd. The pipeline company reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.01. Shell Midstream Partners had a net margin of 74.14% and a negative return on equity of 295.18%. The company had revenue of $129.30 million during the quarter, compared to analysts’ expectations of $120.71 million. During the same period last year, the company posted $0.18 earnings per share. The firm’s quarterly revenue was up 29.8% compared to the same quarter last year. sell-side analysts predict that Shell Midstream Partners LP will post 1.18 earnings per share for the current year.

• [By Joseph Griffin]

  Holly Energy Partners (NYSE: SHLX) and Shell Midstream Partners (NYSE:SHLX) are both mid-cap oils/energy companies, but which is the better investment? We will contrast the two businesses based on the strength of their valuation, analyst recommendations, profitability, earnings, dividends, risk and institutional ownership.

• [By Matthew DiLallo]

  BP Midstream Partners has agreed to acquire interests in three assets from BP in a transaction valued at $468 million. The first asset is Mardi Gras, a joint venture (JV) with Royal Dutch Shell (NYSE:RDS-A)(NYSE:RDS-B) and its MLP, Shell Midstream Partners (NYSE:SHLX), which operates four offshore pipelines. BP Midstream already owned 20% of BP's interest in the JV but will now hold 65% of that stake. It's an important system that the partners have recently expanded so that it can support their new projects in the Gulf. They include Shell's Appomattox platform, which should start up next year, and BP's Thunder Horse North West Expansion, Atlantis Phase three, and Mad Dog 2, which will begin in 2019, 2020, and 2021, respectively. 

• [By Reuben Gregg Brewer]

  There's an interesting dichotomy here, however. Crestwood was looking to stay financially disciplined, but it also needed to invest to grow. Doing both at the same time is difficult, which is why it partnered up with Con Ed in the Marcellus region, Shell Midstream Partners LP (NYSE:SHLX) and First Reserve in the Delaware Basin, and Williams Partners (NYSE:WPZ) in the Powder River basin. These agreements allow Crestwood to keep expanding its business without having to foot the entire bill for the investments.

Top 10 Energy Stocks To Watch Right Now: Ballard Power Systems, Inc.(BLDP)

Advisors' Opinion:

• [By Logan Wallace]

  Get a free copy of the Zacks research report on Ballard Power Systems (BLDP)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Scott Levine]

  The military is using fuel cells in a variety of applications. Ballard Power Systems (NASDAQ:BLDP), for example, reported that in the first quarter 2018, it received two orders, totaling $3.5 million, from the U.S. military for the company's Power Manager product, which powers communication systems, medical equipment, and other devices used by soldiers in the field. Subsequently, the company reported that the U.S. Navy placed an order in the second quarter for 13 fuel cell propulsion systems for use in unmanned aerial vehicles.

• [By Dan Caplinger]

  The stock market came out of Labor Day weekend on a sluggish note, but it recovered ground by the end of the session to finish close to where it had started. Lingering doubts about the status of trade discussions with key trading partners initially caused major benchmarks to fall around half a percent in the morning. Once again, though, stocks proved their resiliency, and investors seemed more comfortable with the idea that corporate earnings would remain strong at least through the end of the year. Moreover, some strong showings from key stocks helped lift sentiment. Advanced Micro Devices (NASDAQ:AMD), Ballard Power Systems (NASDAQ:BLDP), and El Pollo Loco Holdings (NASDAQ:LOCO) were among the best performers on the day. Here's why they did so well.

Top 10 Energy Stocks To Watch Right Now: Adams Resources & Energy, Inc.(AE)

Advisors' Opinion:

• [By Joseph Griffin]

  Aeternity (CURRENCY:AE) traded down 15.9% against the US dollar during the 24 hour period ending at 17:00 PM ET on June 10th. One Aeternity token can currently be purchased for approximately $2.94 or 0.00043736 BTC on popular exchanges including LATOKEN, Lykke Exchange, CoinBene and IDAX. Aeternity has a market cap of $684.89 million and approximately $14.30 million worth of Aeternity was traded on exchanges in the last 24 hours. Over the last week, Aeternity has traded down 16.7% against the US dollar.

• [By Shane Hupp]

  Aeternity (CURRENCY:AE) traded down 15.9% against the US dollar during the 24 hour period ending at 17:00 PM ET on June 10th. One Aeternity token can currently be purchased for approximately $2.94 or 0.00043736 BTC on popular exchanges including LATOKEN, Lykke Exchange, CoinBene and IDAX. Aeternity has a market cap of $684.89 million and approximately $14.30 million worth of Aeternity was traded on exchanges in the last 24 hours. Over the last week, Aeternity has traded down 16.7% against the US dollar.

• [By Shane Hupp]

  Aeternity (AE) uses the hashing algorithm. Its launch date was September 2nd, 2017. Aeternity’s total supply is 273,685,830 tokens and its circulating supply is 233,020,472 tokens. Aeternity’s official website is www.aeternity.com. Aeternity’s official Twitter account is @aetrnty and its Facebook page is accessible here. The Reddit community for Aeternity is /r/Aeternity and the currency’s Github account can be viewed here.

• [By Logan Wallace]

  Schwab Charles Investment Management Inc. purchased a new position in Adams Resources & Energy Inc (NYSEAMERICAN:AE) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,366 shares of the energy company’s stock, valued at approximately $277,000.

Top 10 Energy Stocks To Watch Right Now: Denbury Resources Inc.(DNR)

Advisors' Opinion:

• [By Motley Fool Transcription]

  Denbury Resources Inc (NYSE:DNR)Q4 2018 Earnings Conference CallFeb. 27, 2019, 11:00 a.m. ET

  Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:

  Operator

• [By VantagePoint]

  Denbury Resources Inc. (NYSE: DNR) follows the same idea but to the upside. That market had a bullish crossover in early-April. Traders knew, with confidence, that they could begin going long in the market when the predictive indicators in VantagePoint showed that crossover to the upside. Since that crossover of the blue line 24 trading days ago, the market was up over 36 percent or $1.01 per share.

• [By Dan Caplinger]

  The stock market surged higher on Monday, with the biggest gains coming for the Dow Jones Industrial Average, which closed above the 25,000 level. Investors were generally upbeat about signs that suggested the potential for a more favorable resolution of trade disputes between the U.S. and China, and positive moves in other financial markets continued to contribute to the stock market's success as well. Several individual companies in key industries saw major gains. Denbury Resources (NYSE:DNR), MB Financial (NASDAQ:MBFI), and World Wrestling Entertainment (NYSE:WWE) were among the best performers on the day. Here's why they did so well.

• [By Joseph Griffin]

  Denarius (DNR) is a PoW/PoS coin that uses the NIST5 hashing algorithm. It was first traded on February 14th, 2017. Denarius’ total supply is 3,850,532 coins. Denarius’ official Twitter account is @denariuscoin. The official website for Denarius is denarius.io. The Reddit community for Denarius is /r/denariuscoin and the currency’s Github account can be viewed here.

Life After Facebook: The Untold Story Of Billionaire Eduardo Saverin’s Highly Networked Venture Fi

&l;p&g;&l;sup class=&q;drop-cap color-accent font-accent&q;&g;W&l;/sup&g;&l;/p&g;&l;p&g;hen Eduardo Saverin greets entrepreneurs who come to visit him in his 8th-floor offices at the Singapore Land Tower, the 36-year-old knows he'll get asked &l;em&g;the question. &l;/em&g;The Facebook question. The cofounder of the social media giant is not only one of the world's youngest billionaires (net worth: $10 billion), but also something of a household name after his portrayal in the 2010 hit movie &l;em&g;The Social Network&l;/em&g;. A year later he renounced his American citizenship, &l;a href=&q;https://www.forbes.com/sites/briansolomon/2012/05/17/on-eve-of-facebook-ipo-eduardo-saverin-fires-back-at-critics-over-accusations-of-tax-dodging/#2d256fe3792c&q; target=&q;_blank&q; class=&q;color-accent&q;&g;reportedly&l;/a&g; avoiding some $700 million in U.S. taxes. &a;nbsp;He's always denied moving to Singapore for tax reasons and cringes at his Hollywood alter ego—he's more comfortable behind a spreadsheet than on the silver screen. But he rolls with it, all in the name of furthering what he wants the world to know about the Eduardo Saverin of 2019, the cofounder of B Capital, a rapidly expanding venture capital firm that's on the cusp of taking bigger swings. &l;/p&g;&l;fbs-ad position=&q;top&q;&g;&l;/fbs-ad&g;&l;p&g;"I'm incredibly open, because I understand where the curiosity comes from," Saverin says in his first one-on-one interview for an article in seven years. "I'm happy to have them learn from me than otherwise through movies."&l;/p&g;&l;p&g;Since launching B Capital in 2015, Saverin and his partner Raj Ganguly have been working on deploying their first $360 million technology fund (Saverin fronted an undisclosed part of it), guided by a twist on the traditional firm-building approach. Most venture capital firms start local, with a couple investments in companies in their backyards. Not B Capital, where 30 employees in California (San Francisco and Los Angeles), New York and Singapore pursued a multinational approach from the start. Also key: an alliance with Boston Consulting Group providing Saverin's portfolio companies access to the elite consultancy's brain trust and their clients. Now with several high-profile hires joining the firm, including a U.S.-based chairman and a new partner with Apple and Box credentials, Saverin and Ganguly are taking the wraps off their business, which has grown well beyond a billionaire's hobby. They are expected to soon raise a second, much larger, fund.&l;/p&g;&l;figure class=&q;image-embed embed-2&q;&g;&l;div&g;&l;img src=&q;https://specials-images.forbesimg.com/imageserve/5c8fcfdc31358e79cabede2c/960x0.jpg?fit=scale&q; alt=&q;Raj Ganguly&q; data-height=&q;1687&q; data-width=&q;3000&q;&g;&l;/div&g;&l;figcaption&g;&l;fbs-accordion&g;&l;p class=&q;color-body light-text&q;&g;A friend from Saverin&s;s Harvard days, Raj Ganguly cofounded B Capital with him in 2015.&l;small&g;David Yellen&l;/small&g;&l;/p&g;&l;/fbs-accordion&g;&l;/figcaption&g;&l;/figure&g;&l;p&g;"No matter how lucky or blessed I might be, I will never retire on a beach," says Saverin. "We are still so early into making the technologies that will impact the world."&l;/p&g;&l;p&g;&l;sup class=&q;drop-cap color-accent font-accent&q;&g;w&l;/sup&g;&l;/p&g;&l;p&g;hen Mark Zuckerberg celebrated his IPO by ringing the Nasdaq opening bell from Facebook's California offices &l;a href=&q;https://www.forbes.com/sites/connieguglielmo/2012/05/18/facebook-ipo-gets-chilly-greeting-on-a-cool-morning/#5f84bc263833&q; target=&q;_blank&q; class=&q;color-accent&q;&g;in May 2012&l;/a&g;, his cofounder Saverin was thousands of miles away and out of mind, save for a securities filing detailing that his 53 million shares were converting to common stock. No surprise there. Saverin's stint with the company had ended in 2005, mired in controversy and lawsuits over his reduced stake in the company. By 2009, Saverin had moved to Singapore, &l;a href=&q;https://www.forbes.com/sites/briansolomon/2012/05/11/eduardo-saverin-renounces-u-s-citizenship-ahead-of-mega-facebook-ipo/#65962ad51ff6&q; target=&q;_blank&q; class=&q;color-accent&q;&g;giving up his U.S. citizenship&l;/a&g;. His life seemed a cliché: Gossip sheets gushed about his &l;a href=&q;https://www.businessinsider.com/ex-pat-facebook-cofounder-eduardo-saverin-has-a-bentley-and-doesnt-know-how-to-spend-his-ipo-billions-2012-5&q; target=&q;_blank&q; class=&q;color-accent&q;&g;Bentley&l;/a&g;, a &l;a href=&q;https://www.dailymail.co.uk/news/article-2146991/Eduardo-Saverin-The-geek-learning-party-Facebook-billions.html&q; target=&q;_blank&q; class=&q;color-accent&q;&g;standing table&l;/a&g; at an elite night club and &l;a href=&q;https://nypost.com/2012/05/13/facebook-cofounder-living-large-in-singapore-as-he-stiffs-us-for-a-possible-600m-in-taxes/&q; target=&q;_blank&q; class=&q;color-accent&q;&g;legendary bar tabs&l;/a&g; that could reach &l;a href=&q;https://pagesix.com/2011/12/30/social-animal/&q; target=&q;_blank&q; class=&q;color-accent&q;&g;$50,000&l;/a&g;.&l;/p&g;&l;fbs-ad position=&q;topx&q;&g;&l;/fbs-ad&g;&l;p&g;Saverin tells a different story today. The son of Brazilian parents who relocated to Miami, Saverin was born in São Paulo but grew up affluent in south Florida, attending boarding school there before heading to Harvard, where he made his fateful connection to Zuckerberg while a junior studying economics. After his involvement with Facebook, Saverin dabbled at several startup projects before moving to Singapore for what was supposed to be a short stay to help a friend launch a business. He never left, he says now, because he fell in love with a local woman—whom he'd known briefly in his college days—and with the city itself. "Being a technology guy, it's an exciting place. It's a five-hour plane ride from a large part of the world's population." His decision to renounce U.S. citizenship the year before the IPO, he says, had more to do with setting up roots in Singapore than paying a lower tax rate on his wealth. "It was nothing related to the news at the time. That is not true," he says. That &l;a href=&q;https://www.wsj.com/articles/SB10001424052702303360504577410571011995562&q; target=&q;_blank&q; class=&q;color-accent&q;&g;reported $700 million&l;/a&g; was a speculative "back-of-the-envelope figure," says his spokesperson.&l;/p&g;&l;figure class=&q;image-embed embed-5&q;&g;&l;div&g;&l;img src=&q;https://specials-images.forbesimg.com/imageserve/5c8fd37531358e79cabede81/960x0.jpg?fit=scale&q; alt=&q;rule&q; data-height=&q;20&q; data-width=&q;900&q;&g;&l;/div&g;&l;figcaption&g;&l;fbs-accordion&g;&l;p class=&q;color-body light-text&q;&g;&l;/p&g;&l;/fbs-accordion&g;&l;/figcaption&g;&l;/figure&g;&l;figure class=&q;image-embed embed-17&q;&g;&l;div&g;&l;img src=&q;https://specials-images.forbesimg.com/imageserve/5c8feec231358e79cabee3cb/960x0.jpg?fit=scale&q; alt=&q;Facebook-founders&q; data-height=&q;1176&q; data-width=&q;1239&q;&g;&l;/div&g;&l;figcaption&g;&l;fbs-accordion&g;&l;p class=&q;color-body light-text&q;&g;&l;/p&g;&l;/fbs-accordion&g;&l;/figcaption&g;&l;/figure&g;&l;h2 class=&q;subhead-embed color-accent bg-base font-accent&q;&g;&l;strong&g;Facebook's First Friends&l;/strong&g;&l;/h2&g;&l;h3 class=&q;subhead3-embed color-body bg-base font-accent&q;&g;&l;strong&g;Fifteen years ago, five young Harvard students started a little social experiment on campus called The Facebook. It's now a $475 billion tech giant, but only Mark Zuckerberg is still at work there. &l;/strong&g;&l;/h3&g;&l;h2 class=&q;subhead-embed color-accent bg-base font-accent&q;&g;&l;strong&g;(1) Mark Zuckerberg,&l;/strong&g; 34 &l;/h2&g;&l;h3 class=&q;subhead3-embed color-body bg-base font-accent&q;&g;CEO of Facebook recently announced a plan to more closely integrate Facebook with two other apps it owns, WhatsApp and Instagram.&l;/h3&g;&l;h2 class=&q;subhead-embed color-accent bg-base font-accent&q;&g;&l;strong&g;(2) Dustin Moskovitz,&l;/strong&g; 34&l;/h2&g;&l;h3 class=&q;subhead3-embed color-body bg-base font-accent&q;&g;Zuckerberg&s;s former college roommate and currently cofounder and CEO of Asana, a work productivity software unicorn.&l;/h3&g;&l;h2 class=&q;subhead-embed color-accent bg-base font-accent&q;&g;&l;strong&g;(3) Eduardo Saverin,&l;/strong&g; 36&l;/h2&g;&l;h3 class=&q;subhead3-embed color-body bg-base font-accent&q;&g;Cofounder of B Capital, a venture capital firm.&l;/h3&g;&l;h2 class=&q;subhead-embed color-accent bg-base font-accent&q;&g;&l;strong&g;(4) Chris Hughes,&l;/strong&g; 35&l;/h2&g;&l;h3 class=&q;subhead3-embed color-body bg-base font-accent&q;&g;Worked as Facebook&s;s first spokesperson before buying &l;em&g;The New Republic&l;/em&g; magazine in 2012—selling it four years later—and writing a 2018 book on economic equality.&l;/h3&g;&l;h2 class=&q;subhead-embed color-accent bg-base font-accent&q;&g;&l;strong&g;(5) Andrew McCollum,&l;/strong&g; 35&l;/h2&g;&l;h3 class=&q;subhead3-embed color-body bg-base font-accent&q;&g;Designed Facebook's initial logo. Now CEO of a TV streaming startup, Philo, which raised $40 million in July 2018.&l;/h3&g;&l;figure class=&q;image-embed embed-6&q;&g;&l;div&g;&l;img src=&q;https://specials-images.forbesimg.com/imageserve/5c8fd38fa7ea43206f12834e/960x0.jpg?fit=scale&q; alt=&q;facebook-rule&q; data-height=&q;20&q; data-width=&q;900&q;&g;&l;/div&g;&l;figcaption&g;&l;fbs-accordion&g;&l;p class=&q;color-body light-text&q;&g;&l;/p&g;&l;/fbs-accordion&g;&l;/figcaption&g;&l;/figure&g;&l;p&g;And to hear Saverin talk about it, he's at peace with his Facebook past (and remains one of the biggest individual shareholders, with a 2% stake in the $475 billion company). Across two interviews, Saverin says the company is "incredibly close to my heart" and shares praise for Zuckerberg and COO Sheryl Sandberg's leadership. "I'm incredibly proud of what Mark has done, to build an institution of its size and value. He'll work hard to get things right," he says.&l;/p&g;&l;fbs-ad position=&q;topx&q;&g;&l;/fbs-ad&g;&l;p&g;Whether Saverin's serenity is the result of maturity or careful practice, it's unfaltering. As he speaks via Google Hangout in January, &l;em&g;Forbes &l;/em&g;asks if he's used a Facebook Portal, the video chat device the company launched in October to some criticism. Saverin bought one and hasn't opened it, but he's optimistic his son, now a toddler, will be one of Facebook's next billion members. "Today, hopefully he doesn't become a user at his age, he's too young. But hopefully it will preserve and be something then," he says.&l;/p&g;&l;p&g;In the years since he secured his once-in-a-lifetime stake—$2 billion at the time of IPO—he's embraced a new role as venture capitalist at B Capital, the firm he cofounded in 2015. While cofounder Ganguly oversees more of the day-to-day management, Saverin's on every investment call and oversees one key aspect of B Capital's strategy, its investments in Southeast Asia and India. Although he keeps a lower profile among Singapore's party set, now famous from &l;em&g;Crazy Rich Asians&l;/em&g;, access to Saverin is one key component of the B Capital pitch. "People come in expecting him to be a rock star," says Ganguly. &q;And he sits with the entrepreneur and starts asking about first-time delivery success rates."&l;/p&g;&l;figure class=&q;image-embed embed-18&q;&g;&l;div&g;&l;img src=&q;https://specials-images.forbesimg.com/imageserve/5c8ff4fb4bbe6f0d933bc72e/960x0.jpg?fit=scale&q; alt=&q;Bizongo&q; data-height=&q;1063&q; data-width=&q;1920&q;&g;&l;/div&g;&l;figcaption&g;&l;fbs-accordion&g;&l;p class=&q;color-body light-text&q;&g;&l;/p&g;&l;/fbs-accordion&g;&l;/figcaption&g;&l;/figure&g;&l;p&g;Ganguly's worked with Saverin since 2012, when the friends from their Harvard days—Ganguly got his business school degree there—reconnected in Singapore. Saverin was already writing smaller checks to startups, but with Ganguly, a former consultant and vice president at Bain Capital, he set out to raise formal funds from outside investors. Their first effort was Velos Partners, an $80 million private equity vehicle with a consumer bent they launched with several other friends. But by 2015, Ganguly and Saverin split off with a new idea to build a firm around two points of distinction: a strong footprint in Southeast Asia, an emerging market with less competition for deals, and as a matchmaker for one of the world's most prominent consulting firms, Boston Consulting Group. &l;/p&g;&l;p&g;Look at B Capital's portfolio today—it's made about 20 investments—and you'll see a pattern of international opportunism. Saverin and Ganguly have favored companies involved in commerce and logistics, specifically European, Indian and Asian companies that don't make it onto Silicon Valley's radar and where their knowledge of local complexity can help. &l;/p&g;&l;fbs-ad position=&q;topx&q;&g;&l;/fbs-ad&g;&l;p&g;One example: Ninja Van. A last-mile logistics provider for delivery services in Southeast Asia, the Singapore-based startup employs 2,000 people and works with 10,000 drivers. It's an expensive, complex business where B Capital stepped in to write a check when others balked. "Eduardo and the team asked the right questions," says Lai Chang Wen, CEO of Ninja Van. "They're able to give us a wider perspective across businesses and geographies." &l;/p&g;&l;figure class=&q;image-embed embed-21&q;&g;&l;div&g;&l;img src=&q;https://specials-images.forbesimg.com/imageserve/5c8ff588a7ea43206f128b8e/960x0.jpg?fit=scale&q; alt=&q;Desktop - MSWIPE&q; data-height=&q;1063&q; data-width=&q;1920&q;&g;&l;/div&g;&l;figcaption&g;&l;fbs-accordion&g;&l;p class=&q;color-body light-text&q;&g;&l;/p&g;&l;/fbs-accordion&g;&l;/figcaption&g;&l;/figure&g;&l;p&g;Then there are more traditional VC-backed companies in healthcare and business software where B Capital's U.S. team pitches its access to BCG. Armed with deep knowledge and executive connections, consulting firms have tried their hand at venture capital investing for years. But venture arms have traditionally been viewed as distractions from the consultancies' core businesses and usually are the first projects to get cut when the economy slows. Ganguly's and Saverin's big idea was to provide much of the benefit with no strings attached. BCG is a passive investor in B Capital, meaning they only call in the consultants when founders ask. "It's the cherry on top of the cake," says Sam Bodas, CEO of Bellevue, Washington-based Icertis, a contract management software maker that has signed at least three multimillion-dollar deals from connections made by senior partners at BCG.&l;/p&g;&l;p&g;Those ties impressed B Capital's newest partner, Karen Appleton Page. The former Box and Apple executive is joining B Capital in its San Francisco office, giving the firm seven partners. Of the early days of Box, where she was the eighth employee and ran business development, Page says: "At Box, we would have given our teeth for those connections to BCG."&l;/p&g;&l;fbs-ad position=&q;topx&q;&g;&l;/fbs-ad&g;&l;p&g;Giving B Capital even more street cred: Howard Morgan, the cofounder of First Round Capital, known for his early investments in Uber and Warby Parker, came out of retirement in 2017 to become chairman of the entire firm.&l;/p&g;&l;p&g;B Capital is growing fast. But it's too early to say if Saverin's second act is a success. The firm hasn't had any exits yet. Only about half a dozen of its investments carry significantly higher valuations than when B Capital invested, and it got into its best-known brand—scooter company Bird—relatively late. But Saverin and Ganguly are optimistic. With its first fund nearly fully committed, B Capital will go out to raise a second fund expected to be twice as large, sources tell &l;em&g;Forbes&l;/em&g;. B Capital declined to comment on its fundraising plans.&l;/p&g;&l;figure class=&q;image-embed embed-16&q;&g;&l;div&g;&l;img src=&q;https://specials-images.forbesimg.com/imageserve/5c8fe90d31358e79cabee1e1/960x0.jpg?fit=scale&q; alt=&q;Ninja Van&q; data-height=&q;1063&q; data-width=&q;1920&q;&g;&l;/div&g;&l;figcaption&g;&l;fbs-accordion&g;&l;p class=&q;color-body light-text&q;&g;&l;/p&g;&l;/fbs-accordion&g;&l;/figcaption&g;&l;/figure&g;&l;p&g;Founders who meet with Saverin and B Capital in 2019 can't be sure they're sitting down with a future Midas List-caliber tech investor or a billionaire dilettante. But as in his second act as venture capitalist, Saverin is uniquely positioned to guide entrepreneurs through the perils of success. Facebook famously implored its early employees to "move fast and break things." Fifteen years later, its estranged cofounder offers up a twist on the old motto for 2019: "Make mistakes all the time, but learn from it immediately," Saverin says. "Apologize if it affects anyone else. And make sure you don't make that mistake again."&l;/p&g;&l;p&g;&l;em&g;Cover photograph by Bryan van der Beek for Forbes&l;/em&g;&l;/p&g;&q;,&q;bodyAsDeltas&q;:&q;

Griffin says he's less likely to move Citadel to NYC after Amazon's exit

Billionaire hedge fund manager Ken Griffin said Amazon's decision to pull out of New York City is "heartbreaking," and the political climate "dramatically" reduced his interest in moving the headquarters of his financial firm to the city, according to a Bloomberg report.

"I'm a bit frustrated by the political winds in the city over the last two months. Amazon opting out of New York is heartbreaking," Griffin said Thursday on Bloomberg Television. Griffin runs Citadel, a giant financial firm with vast trading operations and a hedge fund unit that manages more than $30 billion.

Griffin told Bloomberg after the broadcast interview that Amazon's decision has been "a huge backtrack" in the company's internal planning and the political environment in New York has "dramatically" damped his interest in moving.

"Because when you bring a firm that is such a great user of technology into your city, it's not just about the success story of Amazon, it's about the fact that you now have a tailed magnate that creates an entire ecosystem of success stories around it," he said on the TV interview.

The billionaire investor said he has been debating making New York his primary home and moving Citadel from Chicago after buying a $238 million penthouse overlooking Central Park, the most expensive home ever sold in the U.S.

"I'm actually in New York every single week ... we pay the New York investment banks roughly $1 billion a year in revenues. This is my second home in some sense ...The apartment presents the possibility that it might be home for me and Citadel could be headquartered in New York one day," Griffin said.

Amazon reversed its plan to build headquarters in the Long Island City neighborhood of Queens following mounting opposition. Local and state leaders had voiced significant opposition after New York City and state had offered the company performance-based incentives amounting to nearly $3 billion.

— Read the original Bloomberg story here.

SRC Energy Inc (SRCI) Shares Bought by SailingStone Capital Partners LLC

SailingStone Capital Partners LLC grew its stake in SRC Energy Inc (NYSEAMERICAN:SRCI) by 0.1% during the fourth quarter, HoldingsChannel reports. The fund owned 25,710,046 shares of the oil and natural gas company’s stock after purchasing an additional 16,339 shares during the quarter. SRC Energy makes up 7.9% of SailingStone Capital Partners LLC’s investment portfolio, making the stock its 5th biggest position. SailingStone Capital Partners LLC owned about 0.11% of SRC Energy worth $120,837,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of SRCI. Eagle Asset Management Inc. boosted its stake in shares of SRC Energy by 0.5% during the fourth quarter. Eagle Asset Management Inc. now owns 489,594 shares of the oil and natural gas company’s stock valued at $2,301,000 after purchasing an additional 2,589 shares in the last quarter. Allen Capital Group LLC boosted its stake in shares of SRC Energy by 17.5% during the fourth quarter. Allen Capital Group LLC now owns 18,970 shares of the oil and natural gas company’s stock valued at $96,000 after purchasing an additional 2,825 shares in the last quarter. Private Advisor Group LLC boosted its stake in shares of SRC Energy by 15.8% during the fourth quarter. Private Advisor Group LLC now owns 22,445 shares of the oil and natural gas company’s stock valued at $105,000 after purchasing an additional 3,068 shares in the last quarter. Bowling Portfolio Management LLC boosted its stake in shares of SRC Energy by 2.6% during the fourth quarter. Bowling Portfolio Management LLC now owns 124,310 shares of the oil and natural gas company’s stock valued at $584,000 after purchasing an additional 3,177 shares in the last quarter. Finally, Gradient Investments LLC boosted its stake in shares of SRC Energy by 2.8% during the fourth quarter. Gradient Investments LLC now owns 165,770 shares of the oil and natural gas company’s stock valued at $779,000 after purchasing an additional 4,487 shares in the last quarter.

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Shares of NYSEAMERICAN SRCI traded up $0.09 during midday trading on Wednesday, reaching $5.00. The company had a trading volume of 43,037 shares, compared to its average volume of 3,962,283. SRC Energy Inc has a 1 year low of $4.01 and a 1 year high of $13.32.

SRC Energy (NYSEAMERICAN:SRCI) last posted its quarterly earnings results on Wednesday, February 20th. The oil and natural gas company reported $0.30 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.30. The company had revenue of $190.34 million during the quarter, compared to analysts’ expectations of $186.18 million.

A number of research firms recently commented on SRCI. Raymond James set a $8.00 target price on shares of SRC Energy and gave the company a “buy” rating in a research report on Wednesday, January 23rd. Robert W. Baird set a $5.00 target price on shares of SRC Energy and gave the company a “buy” rating in a research report on Friday, February 8th. TheStreet raised shares of SRC Energy from a “d+” rating to a “c” rating in a research report on Wednesday, March 6th. Zacks Investment Research raised shares of SRC Energy from a “strong sell” rating to a “hold” rating in a research report on Saturday, January 26th. Finally, BMO Capital Markets decreased their target price on shares of SRC Energy to $7.00 and set a “market perform” rating for the company in a research report on Thursday, February 7th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. SRC Energy has a consensus rating of “Buy” and a consensus target price of $11.06.

COPYRIGHT VIOLATION WARNING: This story was first reported by Ticker Report and is the property of of Ticker Report. If you are viewing this story on another publication, it was stolen and reposted in violation of US & international copyright and trademark legislation. The legal version of this story can be read at https://www.tickerreport.com/banking-finance/4218890/src-energy-inc-srci-shares-bought-by-sailingstone-capital-partners-llc.html.

SRC Energy Company Profile

SRC Energy Inc, an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids primarily in the Denver-Julesburg Basin of Colorado. As of December 31, 2017, it had net proved oil and natural gas reserves of 69.4 million barrels of oil and condensate, 559.9 billion cubic feet of natural gas, and 64.0 million barrels of natural gas liquids; and operated 551 net producing wells, as well as had 98,600 gross and 88,300 net acres under lease in the Wattenberg Field.

Further Reading: What are the Benefits of Index Funds?

Want to see what other hedge funds are holding SRCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SRC Energy Inc (NYSEAMERICAN:SRCI).

Top 5 Warren Buffett Stocks To Invest In Right Now

tags:PRTO,LEG,IFF,AIT,ACE,

When Warren Buffett entered the airline industry with a $1 billion investment, no one called to stop him.

Buffett is buying the industry, he's not picking a single company. For this reason, we tried to understand what is changing in the airline industry and what now makes airline companies attractive from a death trap.

Historically, the airline industry never has been a great business due to the low barrier to entry, high barrier to exit, high fixed cost and no price power -- everyone knows that.

This explains why the airline industry ranks near the top for revenue growth but at the absolute bottom in terms of ROIC.

Top 5 Warren Buffett Stocks To Invest In Right Now: Proteon Therapeutics, Inc.(PRTO)

Advisors' Opinion:

• [By Max Byerly]

  Proteon Therapeutics (NASDAQ: PRTO) and Neurocrine Biosciences (NASDAQ:NBIX) are both medical companies, but which is the superior business? We will contrast the two companies based on the strength of their earnings, profitability, risk, analyst recommendations, dividends, institutional ownership and valuation.

Top 5 Warren Buffett Stocks To Invest In Right Now: Leggett & Platt, Incorporated(LEG)

Advisors' Opinion:

• [By ]

  Leggett & Platt, Inc. (NYSE: LEG) increased its dividend by almost 6 percent to $0.38 per share from $0.36 per share in May of 2018 at the annual meeting.

• [By Shane Hupp]

  Get a free copy of the Zacks research report on Leggett & Platt (LEG)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Joseph Griffin]

  Leggett & Platt (NYSE: LEG) and Hooker Furniture (NASDAQ:HOFT) are both consumer discretionary companies, but which is the superior stock? We will contrast the two businesses based on the strength of their institutional ownership, valuation, analyst recommendations, dividends, earnings, risk and profitability.

• [By Logan Wallace]

  LEG Immobilien (FRA:LEG) has been assigned a €105.00 ($122.09) target price by investment analysts at UBS Group in a report issued on Thursday, www.boersen-zeitung.de reports. The firm presently has a “buy” rating on the stock. UBS Group’s price objective suggests a potential upside of 6.62% from the stock’s current price.

Top 5 Warren Buffett Stocks To Invest In Right Now: Internationa Flavors & Fragrances, Inc.(IFF)

Advisors' Opinion:

• [By Chris Lange]

  The S&P 500 stock posting the largest daily percentage loss ahead of the close Monday was International Flabors & Fragrances Inc. (NYSE: IFF) which traded down about 10% at $127.28. The stock's 52-week range is $126.08 to $157.40. Volume was 3.2 million compared to the daily average volume of about half a million.

• [By Logan Wallace]

  Get a free copy of the Zacks research report on International Flavors & Fragrances (IFF)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Lisa Levin]

  Check out these big penny stock gainers and losers

  Losers Tower Semiconductor Ltd. (NASDAQ: TSEM) fell 16.1 percent to $23.10 in pre-market trading after reporting downbeat quarterly results. Integrated Media Technology Limited (NASDAQ: IMTE) fell 13 percent to $18.00 in pre-market trading after declining 37.37 percent on Friday. Ability Inc. (NASDAQ: ABIL) shares fell 7.1 percent to $2.61 in pre-market trading. International Flavors & Fragrances Inc. (NYSE: IFF) shares fell 6.4 percent to $133.00 in pre-market trading. International Flavors & Fragrances reported upbeat earnings for its first quarter and agreed to acquire Frutarom for $7.1 billion. BHP Billiton Limited (NYSE: BHP) fell 6.8 percent to $45.00 in pre-market trading. Sibanye Gold Limited (NYSE: SBGL) fell 6.4 percent to $3.23 in pre-market trading after dropping 2.27 percent on Friday. Spark Therapeutics, Inc. (NASDAQ: ONCE) fell 5.9 percent to $66.52 in pre-market trading after declining 1.15 percent on Friday. DENTSPLY SIRONA Inc. (NASDAQ: XRAY) shares fell 4 percent to $48.00 in pre-market trading. DENTSPLY SIRONA reported Q1 adjusted earnings of $0.45 per share on sales of $956.1 million. The company updated its 2018 adjusted earnings guidance to $2.55 to 2.65 per share
• [By Logan Wallace]

  International Flavors & Fragrances, Inc. (NYSE:IFF) major shareholder Winder Investment Pte Ltd bought 49,807 shares of the business’s stock in a transaction on Wednesday, May 16th. The stock was bought at an average price of $124.16 per share, with a total value of $6,184,037.12. Following the transaction, the insider now owns 11,800,000 shares in the company, valued at $1,465,088,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

• [By Maxx Chatsko]

  Shares of International Flavors & Fragrances (NYSE:IFF) fell nearly 11% -- and were still setting new daily lows as of this writing -- after the company made two important announcements today.

• [By WWW.GURUFOCUS.COM]

  For the details of Winder Investment Pte Ltd's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Winder+Investment+Pte+Ltd

  These are the top 5 holdings of Winder Investment Pte LtdInternational Flavors & Fragrances Inc (IFF) - 14,000,000 shares, 100% of the total portfolio. Shares added by 32.39%Added: International Flavors & Fr

Top 5 Warren Buffett Stocks To Invest In Right Now: Applied Industrial Technologies, Inc.(AIT)

Advisors' Opinion:

• [By Stephan Byrd]

  AICHAIN (CURRENCY:AIT) traded up 5.1% against the U.S. dollar during the 24 hour period ending at 0:00 AM ET on May 29th. AICHAIN has a total market cap of $13.40 million and approximately $1.60 million worth of AICHAIN was traded on exchanges in the last 24 hours. During the last week, AICHAIN has traded 13.4% lower against the U.S. dollar. One AICHAIN token can now be bought for approximately $0.0250 or 0.00000335 BTC on cryptocurrency exchanges including CoinEgg, BCEX, Allcoin and BigONE.

• [By Garrett Baldwin]

  And with just a few smart plays in today's classic stock picker's market, you can pull in triple-digit gains with just a small investment.

  The Top Stock Market Stories for Friday Ongoing geopolitical tensions continue to weigh on oil prices. The price of Brent crude sat just above $72.50 thanks to growing uncertainty around global trade policies and sluggish economic growth. A stronger U.S. dollar has put increasing pressure on oil prices at a time when Turkey, China, and India see weakness in their currencies. This morning, the International Energy Agency said that the oil market is on the verge of becoming "less calm." In a statement, the Paris-based energy said: ""As oil sanctions against Iran take effect, perhaps in combination with production problems elsewhere, maintaining global supply might be very challenging." As we noted this week, a lot of the top manufacturing countries have tightened their belts thanks to rising material costs. In this market, it's hard to know what company to buy and what stocks to sell. Of course, it's much, much easier to know what the best stocks are when you use the VQScore system. In fact, this system has just told us the name of the top-ranked stock in a trade war. You can read all about it, right here. Three Stocks to Watch Today: RUTH, NWSA, TSLA Shares of Ruth's Hospitality Group (Nasdaq: RUTH) will lead a very light day of earnings reports. Wall Street expects that the company will report EPS OF $0.30 on top of $11.72 million in revenue. Shares of News Corp. (NYSE: NSWA) ticked higher on news that the company beat profit and revenue expectations. The publisher of the Wall Street Journal reported EPS of $0.08, which beat Street estimates by two cents. The firm reported stronger revenue from real estate listings, its book publishing division, and stronger video subscriptions. Tesla Inc. (Nasdaq: TSLA) is back in the news as rumors about Elon Musk taking the firm private remain in focus. The company's board of direct
• [By Ethan Ryder]

  Get a free copy of the Zacks research report on Applied Industrial Technologies (AIT)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Ethan Ryder]

  Get a free copy of the Zacks research report on Applied Industrial Technologies (AIT)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

Top 5 Warren Buffett Stocks To Invest In Right Now: Ace Limited(ACE)

Advisors' Opinion:

• [By Ethan Ryder]

  Ace (CURRENCY:ACE) traded 3.5% lower against the US dollar during the 1-day period ending at 21:00 PM E.T. on March 1st. Ace has a market capitalization of $1.15 million and $364,742.00 worth of Ace was traded on exchanges in the last day. One Ace token can currently be purchased for $0.12 or 0.00001606 BTC on cryptocurrency exchanges. Over the last week, Ace has traded up 2.4% against the US dollar.

• [By Ethan Ryder]

  Ace (CURRENCY:ACE) traded down 3.5% against the U.S. dollar during the 1 day period ending at 22:00 PM E.T. on September 13th. Over the last seven days, Ace has traded 2.4% higher against the U.S. dollar. Ace has a total market capitalization of $1.15 million and $364,742.00 worth of Ace was traded on exchanges in the last day. One Ace token can currently be bought for $0.12 or 0.00001606 BTC on major exchanges.

• [By Joseph Griffin]

  ACE (TokenStars) (CURRENCY:ACE) traded 10.1% higher against the dollar during the twenty-four hour period ending at 21:00 PM ET on October 13th. One ACE (TokenStars) token can currently be purchased for approximately $0.0571 or 0.00000912 BTC on exchanges. ACE (TokenStars) has a market capitalization of $666,377.00 and $320,387.00 worth of ACE (TokenStars) was traded on exchanges in the last day. Over the last seven days, ACE (TokenStars) has traded 19.7% lower against the dollar.

• [By Joseph Griffin]

  Ace (CURRENCY:ACE) traded down 7.8% against the US dollar during the 24-hour period ending at 17:00 PM ET on July 9th. One Ace token can currently be bought for approximately $0.12 or 0.00001856 BTC on major cryptocurrency exchanges. Ace has a market capitalization of $1.15 million and $205,611.00 worth of Ace was traded on exchanges in the last 24 hours. During the last seven days, Ace has traded down 0.4% against the US dollar.

Why Tilray Still Isn’t the Best Pot Stock to Buy

Everyone wants in on the pot stock boom, and with good reason. This is a $500 billion-plus global industry in the making, and the growth narrative is till in the top of the first inning. As such, it seems that a lot of investors are just rushing to buy any and all marijuana stocks. But when it comes to pot stocks, quality still matters. And, when it comes quality, Tilray (NASDAQ:TLRY) stock is lagging its peers.

Source: Shutterstock

Tilray stock is most famous for being the first stock to go parabolic in the pot stock boom. Following a multi-billion dollar investment from alcoholic beverage giant Constellation Brands (NYSE:STZ) into Canadian cannabis giant Canopy (NYSE:CGC) in 2018, all pot stocks jumped. But none jumped like TLRY, which went from $20 to $300 in a month on nothing more than speculation and hype.

That speculation and hype has since calmed. And Tilray stock has dropped. Now, some investors are thinking that this drop is an opportunity to “buy the dip”.

But as Wall Street investment firm Jefferies pointed out recently, there are still some risks with buying Tilray stock here. Specifically, Jefferies just slapped an Underperform rating on Tilray stock, citing IP, valuation, share structure, capacity and expansion risks. I agree with that list of risks and would like to add that Tilray also lacks the financial resources of its peers.

As such, when it comes to pot stocks, quality matters, and Tilray stock doesn’t have that quality just yet. It may get there soon. But not today, meaning investors looking to play the pot stock boom are best sticking with CGC stock.

The Growth Narrative Has Risks

The Tilray growth narrative is good. Broadly speaking, the company is well positioned in the global medical cannabis market and projects to one day be a big player in what management estimates will be a $150 billion global market. The management team is experienced. Growing capacity is large. The distribution footprint is global. Margins are healthy. And the company appears to be well on track to winning and growing share in Europe.

But the narrative is far from great. There are multiple risks here. The biggest of those risks is a lack of financial resources to fund growth and compete at scale.

Right now, most investors are playing the pot stock boom through the Big 4 Canadian cannabis companies: Tilray, Canopy, Cronos (NASDAQ:CRON), and Aurora (NYSE:ACB). Two of those Big 4 pot stocks have scored multi-billion dollar investments from global consumer staples giants. Tilray is not one of them.

Specifically, Canopy and Cronos have scored multi-billion dollar investments from Constellation Brands and Altria (NYSE:MO), respectively. Those investments have shored up each company’s balance sheet, as well as given them billions of dollars to fund growth-related initiatives, including R&D and operational expansion.

As of last quarter, Tilray has a net cash balance of roughly $100 million. Thus, Tilray is at a significant disadvantage when it comes to funding growth-related initiatives. That’s a big deal considering the cannabis market today is all about grabbing share, expanding reach, and developing IP. Canopy and Cronos have ample resources to do that. Tilray does not.

As such, the long-term growth narrative underlying Tilray stock — while good — lacks clarity. So long as that narrative lacks clarity, Tilray stock will have a tough time staging sustainable rallies.

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TLRY Valuation Is Reasonable, But Not Discounted

The biggest knock against Tilray stock over the past several months has been valuation. During that stretch, Tilray stock has been stubbornly overvalued relative to its pot stock peers, and as such, was never worth buying from a valuation standpoint alone.

That has changed recently as Tilray stock has continued to drop. Today, Tilray stock actually trades at a relatively in-line cannabis valuation. Specifically, TLRY stock trades at around 20x one-year forward sales, which is roughly in-line with CRON stock, and slightly below CGC stock.

That being said, the valuations in CRON and CGC stock deserve to be inflated given their enormous financial resources. TLRY stock doesn’t have those resources. Instead, it’s much more in the Aurora boat, and ACB stock trades at just 12x one year forward sales.

Thus, one could make the argument that TLRY stock is still overvalued. If you think Tilray will score a big investment in 2019, then the stock is reasonably valued. But it’s tough to say that the stock is undervalued relative to peers.

The Bottom Line on TLRY Stock

The cannabis industry will be huge, and it will birth multiple big winners. But investors should keep in mind that many of those future winners aren’t public yet. Many of them probably haven’t even been founded yet. Thus, even though 2018-19 has turned into a pot stock gold rush, investors should still be mindful of investing only in top quality pot stocks.

Right now, the best quality pot stock is CGC. Until that changes, there’s no reason to buy Tilray stock.

As of this writing, Luke Lango w

Why You Should Avoid Exxon Mobil Stock

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Oil prices may never reach their spectacular highs in 2008 again, and the reason is less obvious than you might think. And this subtle new trend could make OPEC completely irrelevant.

But that isn't the most important consequence. How energy companies respond to what's happening will be the difference between owning profitable stocks and clunkers.

In fact, once you see the chart below, you'll never want to own a share of Exxon Mobil stock again…

Say Goodbye to Permanently High Oil Prices

Oil is always going to be part of the global energy mix, but investors hoping to cash in on another decade of $100 oil are going to be disappointed.

WTI crude oil surged from a mere $13 a barrel in 1999 to an average $100 a barrel in 2014, including a 2008 peak of over $130 a barrel. That surge in price may have hurt Americans at the gas pump, but it made oil investors a fortune. Between 1999 and 2014, shares of Exxon Mobil Corp. (NYSE: XOM) surged 170%.

But the good times are coming to an end for America's largest oil company.

$1 Cash Course: Tom Gentile is offering a rare opportunity to learn how to amass a constant stream of extra cash – year after year. And he's going to teach you how to do it entirely on your own. Learn more…

Oil prices plunged from $106 a barrel in 2014 to a mere $27 a barrel in 2016, a 75% collapse. While oil has rallied since then, largely thanks to a concerted effort by OPEC to restrict oil supply to drive prices higher, the era of $100 a barrel oil is over.

And there's nothing OPEC or Saudi Arabia can do to push prices into the stratosphere again.

That's a bad sign for Exxon stock, but the reason for OPEC's obsolescence is actually a profit opportunity for savvy investors.

OPEC Can't Stop This Trend

The law of supply and demand has always governed oil prices, but OPEC can only manipulate supply.

When the oil cartel wants higher oil prices, they simply band together to cut the supply.

What OPEC (or any oil-producing country) can't control is demand. And that's where we're starting to see the biggest change.

In reality, it could explain more about the declining oil price since 2014 than the surge in supply. Oil production has only grown by about 10 million barrels per day over the last decade.

But renewable energy is quickly chipping away at oil demand, especially as the cost of renewable energy continues to fall.

Take a look at the chart below. Solar power has created nearly 500 million tons of oil equivalent in 2017 alone as solar power prices continue to plunge.

While 500 million tons of oil equivalent translates to about 3.4 million barrels of oil, that's 11% of total oil production. But that 3.4 million barrels of oil wipes out more than a third of oil production's growth over the last decade.

And this is just the start of the trend.

As the cost of renewable energy continues to fall, production will continue to soar. EIA estimates that solar power production alone will surge by over 500% by 2040. That's going to continue to create less demand for oil.

It gets even worse for oil too.

You might think oil demand has a major cushion because it's used for gasoline. In fact, gasoline is the top use for crude oil. But the IEA predicts there will be 125 million electric vehicles on the road by 2030. That's an astonishing 3,932% more electric vehicles than are on the road today.

This will all come at the expense of oil demand. Petroleum is already the least popular source of electric power generation, and natural gas and renewables are now the cheapest source of new energy in the United States.

Oil demand simply can't keep up with these rapid technological changes.

And that's exactly why investors should steer clear of Exxon stock.

Here's the giant mistake Exxon is making – and how you can double your money in a year with an oil company adjusting to the new reality…

Why Exxon Stock Is a Bad Bet

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Why Rosetta Stone, ArQule, and Fly Leasing Jumped Today

Thursday was another down day for the stock market, with new pressure coming from international moves on the macroeconomic front. The European Central Bank signaled that it was ready to provide more accommodative monetary policy, reversing a previous tightening stance and showing its concerns about the prospects for economic growth in the region. Yet favorable earnings reports continued lifting shares of certain individual companies. Rosetta Stone (NYSE:RST), ArQule (NASDAQ:ARQL), and Fly Leasing (NYSE:FLY) were among the top performers. Here's why they did so well.

A nice jump/salto/saut/Sprung for Rosetta Stone

Shares of Rosetta Stone soared 29% after the language learning specialist reported its fourth-quarter financial results. The company said that sales were roughly flat compared to year-ago levels, but Rosetta Stone saw a huge increase in interest in its Lexia Learning educational literacy business segment, where revenue climbed 20%. Weakness in the consumer language arena led to a 13% drop, yet some of that decline stemmed from Rosetta Stone's shift away from one-time license sales to a subscription-based model. Investors are optimistic about the long-term prospects for the company, and a return to revenue growth across all of Rosetta Stone's business lines in 2019 would mark the successful completion of its recovery.

Image source: Rosetta Stone.

ArQule sees a brighter future

ArQule's stock skyrocketed over 67% after the development-stage biopharmaceutical company reported financial results from the fourth quarter of 2018. At first glance, the numbers didn't look good for ArQule, as they included a wider loss of $8.49 million for the quarter on revenue of just $2.94 million. Moreover, the biopharma forecast revenue of just $3 million to $5 million in 2019, with losses expected to come in between $40 million and $43 million. Yet investors still have high hopes that its pipeline of clinical-stage treatments could produce blockbuster results, and with enough cash to deal with its expected burn rate, shareholders seem willing to wait and see whether ArQule can reach its potential.

Fly gains altitude

Finally, shares of Fly Leasing picked up 15%. The aircraft leasing specialist said that revenue climbed 10% in the fourth quarter of 2018 compared to the previous year's quarter, and adjusted net income quadrupled over the same period. Proceeds from operating lease rentals climbed 26%, and Fly boasted 100% utilization of its aircraft fleet during the period. Fly also sees 2019 continuing its strong momentum. With smart management of its portfolio of 113 commercial airliners, Fly has taken advantage of strong demand from its customers and doesn't see anything changing that in the immediate future.

FDx Advisors Inc. Takes Position in Encana Corp (ECA)

FDx Advisors Inc. acquired a new position in shares of Encana Corp (NYSE:ECA) (TSE:ECA) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 10,768 shares of the oil and gas company’s stock, valued at approximately $62,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. BlackRock Inc. increased its holdings in Encana by 24.5% during the 3rd quarter. BlackRock Inc. now owns 27,563,490 shares of the oil and gas company’s stock worth $361,359,000 after purchasing an additional 5,428,023 shares in the last quarter. Vanguard Group Inc. increased its holdings in Encana by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 26,398,158 shares of the oil and gas company’s stock worth $346,081,000 after purchasing an additional 561,436 shares in the last quarter. Vanguard Group Inc increased its holdings in Encana by 2.2% during the 3rd quarter. Vanguard Group Inc now owns 26,398,158 shares of the oil and gas company’s stock worth $346,081,000 after purchasing an additional 561,436 shares in the last quarter. Mackenzie Financial Corp increased its holdings in Encana by 83.5% during the 4th quarter. Mackenzie Financial Corp now owns 21,176,898 shares of the oil and gas company’s stock worth $122,402,000 after purchasing an additional 9,633,795 shares in the last quarter. Finally, Steadfast Capital Management LP increased its holdings in Encana by 14.2% during the 3rd quarter. Steadfast Capital Management LP now owns 18,235,901 shares of the oil and gas company’s stock worth $239,073,000 after purchasing an additional 2,261,216 shares in the last quarter. 67.98% of the stock is owned by hedge funds and other institutional investors.

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In other news, CEO Douglas James Suttles acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, December 20th. The shares were acquired at an average price of $5.55 per share, for a total transaction of $27,750.00. Following the completion of the purchase, the chief executive officer now owns 159,212 shares in the company, valued at $883,626.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Fred J. Fowler acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 18th. The stock was purchased at an average price of $5.64 per share, for a total transaction of $56,400.00. Following the purchase, the director now owns 25,000 shares of the company’s stock, valued at approximately $141,000. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 23,700 shares of company stock worth $141,114. 0.09% of the stock is owned by company insiders.

Encana stock opened at $6.98 on Thursday. Encana Corp has a 12 month low of $5.00 and a 12 month high of $14.28. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $6.94 billion, a P/E ratio of 8.12, a PEG ratio of 0.51 and a beta of 2.09.

Encana (NYSE:ECA) (TSE:ECA) last posted its quarterly earnings data on Thursday, February 28th. The oil and gas company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.12 by $0.20. Encana had a positive return on equity of 9.53% and a negative net margin of 3.98%. On average, analysts predict that Encana Corp will post 0.79 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be paid a $0.019 dividend. This is an increase from Encana’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.08 annualized dividend and a yield of 1.09%. Encana’s dividend payout ratio is presently 6.98%.

Several equities analysts have recently issued reports on ECA shares. Canaccord Genuity reaffirmed an “average” rating on shares of Encana in a report on Wednesday, November 7th. TD Securities raised Encana to a “buy” rating in a report on Thursday, December 20th. MKM Partners started coverage on Encana in a report on Wednesday, December 5th. They issued a “buy” rating and a $12.00 target price for the company. GMP Securities reaffirmed a “buy” rating on shares of Encana in a report on Thursday, November 15th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $10.00 target price on shares of Encana in a report on Wednesday, January 30th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $12.18.

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Encana Company Profile

Encana Corporation, together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. The company holds interests in various assets, including the Montney in northern British Columbia and northwest Alberta; Duvernay in west central Alberta; and other upstream operations comprising Wheatland in southern Alberta, Horn River in northeast British Columbia, and Deep Panuke located in offshore Nova Scotia in Canada.

See Also: How To Calculate Debt-to-Equity Ratio

Want to see what other hedge funds are holding ECA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Encana Corp (NYSE:ECA) (TSE:ECA).

Top Bank Stocks To Watch For 2019

tags:CM,FCF,HSBA,WFC,AP,

The Nifty for the first time has hit record high this Monday morning and is up 56 points, trading above 11,500. The Sensex on the other hand jumped 217 points and is trading at 38,167.

The metal index is up 1 percent with gains from Jindal Steel & Power, Hindalco Industries, Coal India, JSW Steel, Tata Steel, MOIL and Vedanta.

Nifty pharma has also added 1 percent led by Cadila Healthcare and Divis Labs which jumped 3-4 percent followed by Glenmark Pharma, Aurobindo Pharma and GSK Pharma.

PSU banks are also trading on the positive side led by State Bank of India, Canara Bank, Andhra Bank, Bank of Baroda, Oriental Bank and Union Bank of India.

related news Mawana Sugars rises nearly 13% on board approval to set up new Distillery at UP Infosys up about 40% so far in 2018. How will CFO exit impact the stock?

Individual oil & gas stocks are also buzzing this Monday morning led by ONGC, HPCL and Reliance Industries.

Top Bank Stocks To Watch For 2019: Canadian Imperial Bank of Commerce(CM)

Advisors' Opinion:

• [By Ethan Ryder]

  Sigma Planning Corp boosted its holdings in shares of Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) by 12.6% in the second quarter, HoldingsChannel reports. The firm owned 7,383 shares of the bank’s stock after acquiring an additional 826 shares during the period. Sigma Planning Corp’s holdings in Canadian Imperial Bank of Commerce were worth $642,000 at the end of the most recent reporting period.

• [By Joseph Griffin]

  Canadian Imperial Bank of Commerce (NYSE: CM) and Foreign Trade Bank of Latin America (NYSE:BLX) are both finance companies, but which is the superior business? We will contrast the two companies based on the strength of their dividends, profitability, earnings, analyst recommendations, institutional ownership, risk and valuation.

• [By Lisa Levin] Companies Reporting Before The Bell Target Corporation (NYSE: TGT) is estimated to report quarterly earnings at $1.38 per share on revenue of $16.50 billion. Ralph Lauren Corporation (NYSE: RL) is expected to report quarterly earnings at $0.83 per share on revenue of $1.48 billion. Lowe's Companies, Inc. (NYSE: LOW) is projected to report quarterly earnings at $1.25 per share on revenue of $17.63 billion. Tiffany & Co. (NYSE: TIF) is estimated to report quarterly earnings at $0.83 per share on revenue of $957.49 million. Canadian Imperial Bank of Commerce (NYSE: CM) is expected to report quarterly earnings at $2.23 per share on revenue of $3.40 billion. Citi Trends, Inc. (NASDAQ: CTRN) is projected to report quarterly earnings at $0.9 per share on revenue of $210.70 million. Qiwi plc (NASDAQ: QIWI) is expected to report quarterly earnings at $0.25 per share on revenue of $60.19 million. iClick Interactive Asia Group Limited (NASDAQ: ICLK) is projected to report quarterly loss at $0.06 per share on revenue of $34.87 million.

   

Top Bank Stocks To Watch For 2019: First Commonwealth Financial Corporation(FCF)

Advisors' Opinion:

• [By Joseph Griffin]

  Barclays PLC increased its holdings in First Commonwealth Financial (NYSE:FCF) by 24.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,717 shares of the bank’s stock after buying an additional 6,593 shares during the period. Barclays PLC’s holdings in First Commonwealth Financial were worth $476,000 as of its most recent SEC filing.

• [By Logan Wallace]

  Get a free copy of the Zacks research report on First Commonwealth Financial (FCF)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Logan Wallace]

  Get a free copy of the Zacks research report on First Commonwealth Financial (FCF)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Ethan Ryder]

  Get a free copy of the Zacks research report on First Commonwealth Financial (FCF)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Ethan Ryder]

  First Commonwealth Financial (NYSE:FCF) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Monday.

• [By Joseph Griffin]

  Get a free copy of the Zacks research report on First Commonwealth Financial (FCF)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

Top Bank Stocks To Watch For 2019: HSBC Holdings PLC (HSBA)

Advisors' Opinion:

• [By Joseph Griffin]

  HSBC (LON:HSBA) had its target price lowered by equities research analysts at Shore Capital from GBX 721 ($9.60) to GBX 625 ($8.32) in a report issued on Tuesday. The brokerage presently has a “sell” rating on the financial services provider’s stock. Shore Capital’s price objective indicates a potential downside of 14.71% from the company’s previous close.

• [By Max Byerly]

  HSBC Holdings plc (LON:HSBA) has received an average recommendation of “Hold” from the sixteen analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is GBX 768.33 ($9.80).

• [By Max Byerly]

  Credit Suisse Group set a GBX 720 ($9.32) price target on HSBC (LON:HSBA) in a research report sent to investors on Tuesday morning. The firm currently has a neutral rating on the financial services provider’s stock.

• [By Ethan Ryder]

  HSBC (LON:HSBA) had its price target dropped by equities research analysts at Citigroup from GBX 810 ($10.78) to GBX 800 ($10.65) in a report released on Tuesday. The brokerage currently has a “buy” rating on the financial services provider’s stock. Citigroup’s price target points to a potential upside of 9.59% from the stock’s previous close.

• [By Max Byerly]

  HSBC (LON:HSBA) was upgraded by equities research analysts at Credit Suisse Group to a “neutral” rating in a research report issued to clients and investors on Thursday. The firm presently has a GBX 720 ($9.38) target price on the financial services provider’s stock, up from their previous target price of GBX 680 ($8.86). Credit Suisse Group’s price target suggests a potential upside of 5.82% from the company’s previous close.

• [By Stephan Byrd]

  Morgan Stanley set a GBX 855 ($10.91) price target on HSBC (LON:HSBA) in a research note issued to investors on Tuesday. The brokerage currently has a buy rating on the financial services provider’s stock.

Top Bank Stocks To Watch For 2019: Wells Fargo & Company(WFC)

Advisors' Opinion:

• [By Matthew Frankel]

  The "big four" U.S. banks -- JPMorgan Chase (NYSE:JPM), Wells Fargo (NYSE:WFC), Bank of America (NYSE:BAC), and Citigroup (NYSE:C) -- have all reported their second-quarter earnings.

• [By Rich Duprey]

  Instead of pitching in more of his own money now, Lampert's been working to try to secure financing from institutions other than his own hedge fund, ESL Investments. Reuters reports negotiations with Bank of America (NYSE: BAC) and Wells Fargo (NYSE: WFC) fell through as Lampert sought to arrange debtor-in-possession financing. Basically such reorganization efforts allow existing management to continue operating the train. But rumor has it lenders are not willing to give Lampert free rein anymore and are pushing for a Chapter 7 bankruptcy filing that calls for Sears to be liquidated, rather than the reorganization that Chapter 11 allows.

• [By ]
  Gold. The rise in gold looks solid. I'm currently long the SPDR Gold Shares ETF (GLD) . Lackluster Banks. We're seeing disappointing action in the financials. However, I continue to buy them. I'm long Bank of America (BAC) , Citigroup (C) , JPMorgan Chase (JPM) and Wells Fargo (WFC) , although I'm shorting Goldman Sachs (GS) .

  Lastly, with S&P 500 closing at 2,706, the downside risk relative to the upside reward seems to argue in favor of maintaining a net-short exposure.

• [By Chris Lange]

  And Wells Fargo & Co. (NYSE: WFC) also is expected to report its most recent quarter results on Friday. The consensus analyst forecast calls for $1.18 in EPS and revenue of $21.81 billion. Shares of Wells Fargo closed at $53.19 on Friday. The consensus price target is $62.30. The 52-week trading range is $50.26 to $66.31.

• [By Eric Volkman]

  Other large Berkshire holdings have also been market laggards. Big bank Wells Fargo (NYSE: WFC) just can't keep itself out of trouble, with a new scandal erupting seemingly every other month. Buffett's belief in Wells Fargo, a longtime and major Berkshire position, is admirable. But it's not doing his company many favors. A more recent big-ticket buy, Kraft Heinz, also isn't lighting the investment world on fire.

• [By Paul Ausick]

  Buffett also stuck by his long-term commitment to Wells Fargo & Co. (NYSE: WFC) which now amounts to about 10% of the bank’s outstanding stock. He almost seemed to excuse the fake account scandal with a comment that what happened at Wells Fargo could have happened to any bank. The scandal was the result of heavy corporate pressure on branch managers to increase sales. As a result, said Buffett, “Wells Fargo is a company that proved the efficacy of incentives and it’s just that they had the wrong incentives.”

Top Bank Stocks To Watch For 2019: Ampco-Pittsburgh Corporation(AP)

Advisors' Opinion:

• [By ]

  New York (AP) -- Four more deaths have been linked to a national food poisoning outbreak blamed on tainted lettuce, bringing the total to five.

  Health officials have tied the E. coli outbreak to romaine lettuce grown in Yuma, Arizona. The growing season there ended six weeks ago, and it's unlikely any tainted lettuce is still in stores or people's homes, given its short shelf life. But there can be a lag in reporting, and reports of illnesses have continued to come in.

• [By ]

  St. Louis (AP) -- The 100th edition of the PGA Championship began Thursday for the last time in the stifling heat of summer.

  Club pro Michael Block hit the opening tee shot down the middle at Bellerive Country Club. The course is playing long and soft because of rain on Tuesday and temperatures in the 90s that require PGA officials to keep water on the greens.

• [By Shane Hupp]

  Deutsche Bank AG boosted its holdings in Ampco-Pittsburgh Corp (NYSE:AP) by 117.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 19,599 shares of the industrial products company’s stock after purchasing an additional 10,578 shares during the quarter. Deutsche Bank AG’s holdings in Ampco-Pittsburgh were worth $242,000 at the end of the most recent quarter.

• [By ]

  This undated photo provided by Lexus shows the 2019 Lexus UX. The Lexus UX has a few distinct advantages: It has the lowest cost of entry in the class ($33,025), and it is currently the only one that comes in a hybrid version for increased fuel efficiency. (Courtesy of Toyota Motor Sales U.S.A. via AP) (Photo: AP)

• [By ]

  This undated photo provided by General Motors shows the 2019 Silverado, which features a large cargo bed in the full-size truck class. (Courtesy of General Motors via AP) (Photo: AP)

ValuEngine Lowers Adient (ADNT) to Strong Sell

Adient (NYSE:ADNT) was downgraded by equities researchers at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday.

Several other research firms also recently commented on ADNT. Goldman Sachs Group reiterated a “hold” rating on shares of Adient in a research report on Wednesday, January 16th. KeyCorp started coverage on Adient in a research report on Monday, December 10th. They issued an “underweight” rating and a $18.00 target price for the company. Seaport Global Securities started coverage on Adient in a research report on Wednesday, February 13th. They issued a “neutral” rating for the company. Royal Bank of Canada downgraded Adient from a “sector perform” rating to an “underperform” rating and dropped their target price for the company from $17.00 to $16.00 in a research report on Wednesday, January 23rd. They noted that the move was a valuation call. Finally, Barclays set a $19.00 target price on Adient and gave the company a “hold” rating in a research report on Friday, January 4th. Six equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $33.23.

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Shares of NYSE:ADNT traded down $0.59 during trading on Tuesday, reaching $18.47. 1,263,292 shares of the company traded hands, compared to its average volume of 2,322,286. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 3.29, a PEG ratio of 0.68 and a beta of 2.20. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.77 and a current ratio of 1.00. Adient has a 52 week low of $14.52 and a 52 week high of $67.10.

Adient (NYSE:ADNT) last announced its quarterly earnings data on Thursday, February 7th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.17). Adient had a positive return on equity of 13.15% and a negative net margin of 8.54%. The business had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.17 billion. During the same quarter in the prior year, the company earned $1.06 earnings per share. Adient’s quarterly revenue was down 1.1% compared to the same quarter last year. Research analysts predict that Adient will post 2.32 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the company. Oregon Public Employees Retirement Fund increased its stake in shares of Adient by 1,406.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 553,094 shares of the company’s stock valued at $37,000 after buying an additional 516,368 shares during the period. Quantamental Technologies LLC acquired a new stake in Adient during the fourth quarter worth approximately $91,000. Bank of Montreal Can grew its stake in Adient by 34.3% during the fourth quarter. Bank of Montreal Can now owns 7,639 shares of the company’s stock worth $114,000 after purchasing an additional 1,952 shares during the period. D.A. Davidson & CO. grew its stake in Adient by 7.4% during the fourth quarter. D.A. Davidson & CO. now owns 10,306 shares of the company’s stock worth $155,000 after purchasing an additional 709 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its stake in Adient by 50.2% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 11,708 shares of the company’s stock worth $176,000 after purchasing an additional 3,914 shares during the period.

Adient Company Profile

Adient plc designs, manufactures, and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks. It operates through three segments: Seating, Seat Structures and Mechanisms (SS&M), and Interiors. The Seating segment produces seat systems for automotive and other mobility applications, as well as various components of seat systems, including foams, trims, and fabrics.

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