Virginia might be for lovers, but analysts love Penn Virginia (PVA).
Agence France-Presse/Getty ImagesThe independent oil & gas explorer reported earnings last week, and promptly surged 11%. Now analysts are coming out with reports about why Penn Virginia can head even higher.
Imperial Capital’s Kim Pacanovsky, for instance, raised her price target on Penn Virginia to $18 from $13 today. She explains why:
We believe [Penn Virginia's] Eagle Ford position has been nearly fully derisked, and with 1,125 locations in the play, consistently improving IP rates, and decreasing costs per stage, we believe the company is in an excellent position to continue to grow earnings, EBITDA, and cash flow as well as to continue to improve debt metrics.
Howard Weil’s Brian Corales, meanwhile, lifted his price target to $23 from $16 with a Sector Outperform rating. He explains why:
Best Penny Companies To Watch In Right Now: Hanesbrands Inc. (HBI)
Hanesbrands Inc., a consumer goods company, engages in the design, manufacture, sourcing, and sale of apparel essentials in the United States and internationally. Its product portfolio includes T-shirts, bras, panties, men?s underwear, kids? underwear, casualwear, activewear, socks, and hosiery. The company offers its products under the brand names of Hanes, Champion, Playtex, Bali, L?eggs, Just My Size, barely there, Wonderbra, Stedman, Outer Banks, Zorba, Rinbros, and Duofold. Hanesbrands also licenses its Champion name for collegiate apparel and footwear. The company sells its products through various distribution channels, which include mass merchants, national chains and department stores, direct to Consumer, and other retail channels, such as embellishers, specialty retailers, and sporting goods stores. As of January 2, 2010, it operated 228 outlet stores. The company is headquartered in Winston-Salem, North Carolina. Hanesbrands Inc. operates independently of Sara L ee Corp. as of September 5, 2006.
Advisors' Opinion:- [By Eric Volkman]
HanesBrands (NYSE: HBI ) is to return money directly to shareholders for the first time in its history as an independent entity. The company will distribute $0.20 per share of its common stock on June 3 to shareholders of record as of May 20.
- [By Dan Caplinger]
Wednesday proved to be another example of the resiliency of the bull market in stocks, as major market benchmarks bounced back from yesterday's losses to regain a substantial chunk of their lost ground. Even though U.S. GDP figures for the first quarter got revised downward to an ugly drop of 2.9%, few investors believe that the decline is anything but a one-time seasonal aberration. Helping to lead the market higher today were stocks from a number of different industries, including Penn Virginia (NYSE: PVA ) , Hanesbrands (NYSE: HBI ) , and zulily (NASDAQ: ZU ) .
- [By Jesse Solomon]
5. M&A still hot: Shares of Hanesbrands (HBI)jumped after the company said it planned to acquire French apparel-maker DBA Apparel in an all-cash deal. Mergers and acquisitions activity has spiked this year as companies try to capitalize on their high stock prices by using the cash to buy other companies.
- [By Jonas Elmerraji]
HanesBrands (HBI) is another name that's posted stellar performance in 2013. But the past few months have been relatively flat for shares of the apparel maker. Here's how to trade it.
HanesBrands has spent the last three months in a rectangle pattern, a price setup that's formed by a horizontal resistance level above shares at $64 and another horizontal support level down at $59. The rectangle gets its name because it essentially "boxes in" shares -- but like the setup in MHK, the buy signal comes on a breakout through the top of the channel at $64. HBI is testing its breakout range in today's trading session.
Whenever you're looking at any technical price pattern, it's critical to think in terms of those buyers and sellers. Rectangles, triangles and other pattern names are a good quick way to explain what's going on in a stock, but they're not the reason it's tradable. Instead, it all comes down to supply and demand for shares.
That $64 resistance level is a price where there has been an excess of supply of shares; in other words, it's a place where sellers have been more eager to step in and take gains than buyers have been to buy. That's what makes a breakout above it so significant. The move means that buyers are finally strong enough to absorb all of the excess supply above that price level.
Don't be early on this trade.
Best Managed Healthcare Companies To Own In Right Now: EverBank Financial Corp (EVER)
EverBank Financial Corp, incorporated in 2004, is an unitary savings and loan holding company. The Company provides a range of financial products and services directly to customers through multiple business channels. Its operating subsidiary is EverBank. As of December 31, 2011, EverBank had $ 10.3 billion deposits. EverBank offers a range of banking, lending and investing products to consumers and businesses. EverBank provides services to customers through Websites, over the phone, through the mail and at 14 Florida-based Financial Centers. The Company operates in two operating business segments: Banking and Wealth Management, and Mortgage Banking. Its Banking and Wealth Management segment includes earnings generated by and activities related to deposit and investment products and services and portfolio lending and leasing activities. Its Mortgage Banking segment consists of activities related to the origination and servicing of residential mortgage loans. In April 2012, the Company acquired MetLife Bank�� warehouse finance business. In October 2012, it acquired Business Property Lending, Inc.
Asset Origination and Fee Income Businesses
The Company has a range of asset origination and fee income businesses. The Company generates generate fee income from its mortgage banking activities, which consist of originating and servicing one-to-four family residential mortgage loans. It originates prime residential mortgage loans using a centrally controlled underwriting, processing and fulfillment infrastructure through financial intermediaries (including community banks, credit unions, mortgage bankers and brokers), consumer direct channels and financial centers. Its mortgage origination activities include originating, underwriting, closing, warehousing and selling to investors prime conforming and jumbo residential mortgage loans. From its mortgage origination activities, it earns fee-based income on fees charged to borrowers and other noninterest income from gains on sales from ! mortgage loans and servicing rights. During the year ended December 31, 2011, it originated six billion dollars of residential loans. It generates mortgage servicing business through the retention of servicing from its origination activities, acquisition of bulk mortgage servicing rights (MSR) and related servicing activities.
The Company�� mortgage servicing business includes collecting loan payments, remitting principal and interest payments to investors, managing escrow funds for the payment of mortgage-related expenses, such as taxes and insurance, responding to customer inquiries, counseling delinquent mortgagors, supervising foreclosures and liquidations of foreclosure properties and otherwise administering its mortgage loan servicing portfolio. It earns mortgage servicing fees and other ancillary fee-based income in connection with these activities. It services a portfolio by both product and investor, including agency and private pools of mortgages secured by properties throughout the United States. As of December 31, 2011, its mortgage servicing business, which services mortgage loans for itself and others, managed loan servicing administrative functions for loans with unpaid principal balance (UPB) of $54.8 billion.
The Company originates originate equipment leases nationwide through relationships with approximately 280 equipment vendors with networks of creditworthy borrowers and provide asset-backed loan facilities to other leasing companies. Its equipment leases and loans finance essential-use health care, office product, technology and other equipment. Its commercial financings range from approximately $25,000 to $1.0 million per transaction, with typical lease terms ranging from 36 to 60 months. Its commercial finance activities provide it with access to approximately 25,000 small business customers nationwide, which creates opportunities to cross-sell its deposit, lending and wealth management products. It focuses to offer warehouse loans, which are short-ter! m revolvi! ng facilities, primarily securitized by agency and government collateral. It provides financial advisory, planning, brokerage, trust and other wealth management services to its mass-affluent and high-net-worth customers through its registered broker dealer and recently-formed registered investment advisor subsidiaries.
Interest-Earning Asset Portfolio
As of December 31, 2011, the Company�� interest-earning assets were $11.7 billion. As of December 31, 2011, its loan and lease held for investment portfolio was $6.5 billion. As of December 31, 2011, the carrying values of its interest-earning assets are: residential, government-insured (residential), securities, commercial and commercial real estate, Bank of Florida (covered), lease financing receivables, and other.
Residential includes primarily prime loans originated and retained from its mortgage banking activities, acquired from third parties or held for sale to other investors. government-insured (residential) includes Government National Mortgage Association (GNMA) pool buyouts with government insurance, sourced from its mortgage banking segment and third-party sources. Securities include non-agency residential mortgage-backed securities (MBS) and collateralized mortgage obligation (CMO) purchased at significant discounts. This portfolio includes protection against credit losses from purchase discounts, subordination in the securities structures and borrower equity. Commercial and commercial real estate includes a range of commercial loans, including owner-occupied commercial real estate, commercial investment property and small business commercial loans. As of December 31, 2011, Bank of Florida (Covered) includes commercial, multi-family and commercial real estate loans with $71.3 million of purchase discounts. Lease financing receivables include covered lease financing receivables. As of December 31, 2011, the lease portfolio had $64.7 million of total discounts. Other includes home equity loans and lines ! of credit! , consumer and credit card loans and other investments.
Deposit Generation
As of December 31, 2011, the Company had approximately $10.3 billion in deposits. Its market-based deposit products, consisting of its WorldCurrency, MarketSafe and EverBank Metals Select products, provide investment capabilities for customers seeking portfolio diversification with respect to foreign currencies, commodities and other indices. Its financial portal includes online bill-pay, account aggregation, direct deposit, single sign-on for all customer accounts and other features. Its Website and mobile device applications provide information on its product offerings, financial tools and calculators, newsletters, financial reporting services and other applications for customers to interact with it and manages all of their EverBank accounts on a single integrated platform. Its new mobile applications allow customers using iPhone, iPad, Android and Blackberry devices to view account balances, conduct real time balance transfers between EverBank accounts, administer billpay, review account activity detail and remotely deposit checks.
The Company generates deposit customer relationships through its consumer direct, financial center and financial intermediary distribution channels. Its consumer direct channel includes Internet, e-mail, telephone and mobile device access to product and customer support offerings. Its direct distribution with a network of 14 financial centers in Florida metropolitan areas, include Jacksonville, Naples, Ft. Myers, Miami, Ft. Lauderdale, Tampa Bay and Clearwater. As of December 31, 2011, its financial centers had average deposits of $130.5 million, which is approximately double the industry average. In addition, it generates noninterest-bearing escrow deposits from its mortgage servicing business.
Advisors' Opinion:- [By Nicole Seghetti]
3. Build your savings account
Take this opportunity to bolster your savings such that you have at least three months' worth of living expenses socked away. Money market or savings accounts will provide you with the best rates. For example, American Express' (NYSE: AXP ) high-yield savings account pays 0.85%, and Capital One Financial's (NYSE: COF ) Capital One 360 offers a 0.75% APY. Both accounts boast no minimum balances and no fees. Meanwhile, EverBank Financial (NYSE: EVER ) pays an attractive 1.01% money market rate but requires a $1,500 minimum opening balance. �
Best Managed Healthcare Companies To Own In Right Now: Global-Tech Advanced Innovations Inc. (GAI)
Global-Tech Advanced Innovations Inc., an investment holding company, manufactures and sells consumer electrical products primarily in the United States, Europe, and the People�s Republic of China. Its Electronic Components segment produces complementary metal oxide semiconductor camera modules primarily for sale to cellular phone and tablet manufacturers in Mainland China. The company�s Electronic Manufacturing Services segment engages in the provision of surface mount technology processing services for printed circuit boards; and assembly services for cellular phone marketers in Mainland China. Its Others segment is involved in the manufacture and sale of disposable medical devices. Global-Tech also engages in the trading of raw materials, and electronic and optical components; and in the provision of consultation services. The company was formerly known as Global-Tech Appliances Inc. and changed its name to Global-Tech Advanced Innovations Inc. in December 2008. Globa l-Tech Advanced Innovations Inc. was founded in 1963 and is based in Aberdeen, Hong Kong.
Advisors' Opinion:- [By Sally Jones]
According to the GuruFocus Value Screen for finding 52-Week Lows, Turquoise Hill Resources Ltd. (TRQ), Global-Tech Advanced Innovations (GAI) and Rentech Nitrogen Partners LP (RNF) are companies on a low and still held by billionaire investors. All three companies are on a 52-week low, and more than 64% off a 52-week high.
Best Managed Healthcare Companies To Own In Right Now: SandRidge Mississippian Trust I (SDT)
SandRidge Mississippian Trust I (The Trust) is a statutory trust. The Trust was created to acquire and hold the Royalty Interests for the benefit of Trust unitholders. SandRidge conveyed to the Trust the Royalty Interests in specified oil and natural gas properties in the Mississippian formation in Alfalfa, Garfield, Grant, Major and Woods counties in Oklahoma (the Underlying Properties). These Royalty Interests were derived from SandRidge�� interests in a 36 wells and the equivalent of 123 horizontal development wells to be drilled in the Mississippian formation (Trust Development Wells) within an area of mutual interest (AMI), consisting of approximately 49,600 gross acres (42,000 net acres) in the counties where the Underlying Properties are located.
Effective January 1, 2011, the Royalty Interests entitle the Trust to receive 90% of the proceeds from the sale of oil and natural gas production attributable to its net revenue interest in the Initial Wells and 50% of the proceeds from the sale of oil and natural gas production attributable to SandRidge�� net revenue interest in the Trust Development Wells. As of December 31, 2011, the Trust�� properties consisted of Royalty Interests in the Initial Wells, 48 wells (equivalent to approximately 53 Trust Development Wells under the development agreement) and the equivalent of approximately 70 Trust Development Wells to be drilled in the Mississippian formation.
Advisors' Opinion:- [By Adam Galas]
As the chart illustrates, SandRidge's other royalty trust,�SandRidge Mississippian Trust I (NYSE: SDT ) , which has already had its final wells drilled, has been experiencing a severe decline in distributions, a result of its massive quarterly production declines of 26%, 21%, and 22% immediately after the last well was drilled.�
- [By Matt DiLallo]
SandRidge Mississippian Trust I (NYSE: SDT ) and Trust II (NYSE: SDR )
These trusts were created by SandRidge Energy (NYSE: SD ) , with the first Mississippian Trust formed in 2010 and the second formed one year later. Both trusts own royalty interests in oil and gas properties targeting the Mississippian formation and have future upside as SandRidge drills wells as part of the areas of mutual interest. - [By Matt DiLallo]
The problem here is that SandRidge has been�dependent�on asset sales and its running out of assets to sell. In addition to the Permian sale, SandRidge has now taken three royalty trusts public. One consisting of Permian Basin assets, SandRidge Permian Trust (NYSE: PER ) and two consisting of Mississippian assets, SandRidge Mississippian Trust I (NYSE: SDT ) and SandRidge Mississippian Trust II (NYSE: SDR ) . While SandRidge still owns a portion of each trust, it likely will continue to sell off its ownership stake in each trust as well as other assets it still owns. At some point SandRidge will need to live within its oil and gas cash flows, otherwise, its not worth owning.�
Best Managed Healthcare Companies To Own In Right Now: Blount International Inc (BLT)
Blount International, Inc. (Blount) is a global industrial company. The Company designs, manufactures, and markets equipment, replacement and component parts, and accessories for professionals and consumers. The Company operates in two segments: Forestry, Lawn, and Garden (FLAG) segment and Farm, Ranch, and Agriculture (FRAG). It also manufactures and markets such items to original equipment manufacturers (OEMs) under private label brand names. The Company specializes in manufacturing cutting parts and equipment used in forestry, lawn and garden; farming, ranching, and agricultural, and construction applications. Blount also purchases products manufactured by other suppliers that are aligned with the markets it serves and markets them, under one of its brands, through its global sales and distribution network. Its products are sold in over 115 countries and approximately 63% of the Company�� sales were made outside of the United States during the year ended December 31, 2011. It has manufacturing operations in the United States, Brazil, Canada, China, France, and Mexico. In addition, it operates marketing, sales, and distribution centers in Asia, Europe, North America, and South America.
On March 1, 2011, through its indirect wholly owned subsidiary Blount Netherlands B.V. (Blount B.V.), the Company acquired KOX GmbH and related companies (collectively KOX), a Germany-based direct-to-customer distributor of forestry-related replacement parts and accessories, primarily serving professional loggers and consumers in Europe. On August 5, 2011, through Blount Holdings France SAS, it acquired Finalame SA, which included PBL SAS and related companies (collectively PBL). On September 7, 2011, through its indirect wholly owned subsidiary SP Companies, Inc., the Company acquired GenWoods HoldCo, LLC and its wholly owned subsidiary, Woods Equipment Company (collectively Woods/TISCO). Woods/TISCO is a manufacturer and marketer of tractor attachments, implements, and replacement parts, primarily for! the agriculture, ground maintenance, and construction end markets.
Forestry, Lawn, and Garden Segment
The FLAG segment, manufactures and markets cutting chain, guide bars, and drive sprockets for chain saw use, and lawnmower and edger blades for outdoor power equipment. The FLAG segment also purchases replacement parts and accessories from other manufacturers and markets them, primarily under its brands, to its FLAG customers through the Company�� global sales and distribution network. The FLAG segment includes the operations of the Company that has served the forestry, lawn, and garden markets, as well as Carlton, KOX, and a portion of the PBL business. Its Forestry Products are sold under the Oregon, Carlton, KOX, Tiger, and Windsor brands, as well as under private labels for some of its OEM customers. Manufactured product lines include a range of cutting chain, chain saw guide bars, and cutting chain drive sprockets used on portable gasoline and electric chain saws and on mechanical timber harvesting equipment. The Company also purchases and markets replacement parts and other accessories for the forestry market, including small chain saw engine replacement parts, safety equipment and clothing, lubricants, maintenance tools, hand tools, and other accessories used in forestry applications. In 2011, the Company marketed a line of cordless electric chain saws under the Oregon PowerNow brand.
Blount�� lawn and garden products are sold under the Oregon and PBL brand names, as well as private labels for some of its OEM customers. Manufactured product lines include lawnmower and edger cutting blades designed to fit a variety of machines and cutting conditions. It also purchases and markets various cutting attachments, replacement parts, and accessories for the lawn and garden market, such as cutting line for line trimmers, air filters, spark plugs, lubricants, wheels, belts, grass bags, maintenance tools, hand tools, and accessories to service the lawn and garde! n equipme! nt industry. Its FLAG products are sold under both its own brands and private labels to OEMs for use on new chain saws and lawn and garden equipment, and to professionals and consumers as replacement parts through distributors, dealers, direct sales companies, and mass merchants. During 2011, approximately 21% of the FLAG segment�� sales were to OEMs, with the remainder sold into the replacement market.
The Company competes with Ariens, Briggs & Stratton, Fisher Barton, Husqvarna, Jaekel, John Deere, MTD, Northern Tool, Rotary, Stens, Stihl and TriLink.
Farm, Ranch, and Agriculture Segment
The Company�� FRAG segment manufactures and markets attachments and implements for tractors in a variety of mowing, cutting, clearing, material handling, landscaping and grounds maintenance applications, as well as log splitters, post-hole diggers, self-propelled lawnmowers, attachments for off-highway construction equipment applications, and other general purpose tractor attachments. In addition, the FRAG segment manufactures a variety of attachment cutting blade parts. The FRAG segment also purchases replacement parts and accessories from other manufacturers that the Company markets to its FRAG customers through its sales and distribution network. The FRAG segment includes the operations of SpeeCo, Woods/TISCO, and a portion of the PBL business.
Its equipment and tractor attachment products are sold under the Alitec, CF, Gannon, Oregon, PowerPro, SpeeCo, WainRoy, and Woods brand names, as well as under private labels for some of its OEM and retail customers. Product lines include attachments for tractors in a variety of mowing, cutting, clearing, material handling, landscaping and grounds maintenance applications, as well as log splitters, post-hole diggers, self-propelled lawnmowers, snow blowers, attachments for off-highway construction equipment applications, and other general purpose tractor attachments. OEM and aftermarket parts are sold under the PBL, Sp! eeCo, TIS! CO, Tru-Power, Vintage Iron, and WoodsCare brand names, as well as under private labels for some of its OEM customers. The FRAG segment manufactures a variety of attachment cutting blade component parts sold to OEM customers for inclusion in original equipment, and as replacement parts. The FRAG segment also markets replacement parts and accessories purchased from other manufacturers, including tractor linkage, electrical, engine and hydraulic replacement parts, and other accessories used in the agriculture and construction equipment markets.
The Company competes with Alamo Group, Champion, Doosan, Dover, Great Plains, Hope Haven, John Deere, Koch Industries, MTD, Swisher, A&I, Herschel, Kondex, Rasspe, SMA and Sparex.
Concrete Cutting and Finishing Products
The Company operates a business in the specialized concrete cutting and finishing market. These products are sold primarily under the ICS brand. The principal product is a diamond-segmented chain, which is used on gasoline and hydraulic powered concrete cutting saws and equipment. It also markets and distributes gasoline and hydraulic powered concrete cutting chain saws to its customers, which include contactors, rental equipment companies, and construction equipment dealers primarily in the United States and Europe. The power heads for these saws are manufactured by a third party.
The Company competes with Husqvarna and Stihl.
Advisors' Opinion:- [By Corinne Gretler]
BHP Billiton Ltd. (BLT) rose 4.1 percent to 1,950.5 pence after the world�� largest mining company upgraded its projection for full-year iron-ore production to 212 million tons from its earlier forecast of 207 million tons.
- [By Tom Stoukas]
A gauge of basic-resources shares was the second-worst performer on the Stoxx 600. Rio Tinto and BHP Billiton Ltd. (BLT), the world�� largest mining companies, lost 4.5 percent to 2,674.5 pence and 4.6 percent to 1,728.5 pence, respectively.
- [By Corinne Gretler]
BHP Billiton (BLT) dropped 3.4 percent to 1,779 pence. Output of iron ore, its biggest earner, was 40.2 million metric tons in the three months to March 31, missing the median estimate of 42.3 million tons in a Bloomberg survey.
Best Managed Healthcare Companies To Own In Right Now: Newell Rubbermaid Inc.(NWL)
Newell Rubbermaid Inc. designs, manufactures, and markets consumer and commercial products. It operates in three segments: Home & Family, Office Products, and Tools, Hardware & Commercial Products. The Home & Family segment offers indoor/outdoor organization, food storage, and home storage products; infant and juvenile products, such as car seats, strollers, highchairs, and playards; drapery hardware, window treatments, and cabinet hardware; gourmet cookware, bakeware, cutlery, and small kitchen electrics; and hair care accessories and grooming products to mass merchants, specialty stores, and grocery/drug and department stores. The Office Products segment provides writing instruments, including pens, pencils, markers and highlighters, and art products; fine writing instruments and leather goods; office technology solutions, such as label makers and printers, interactive teaching solutions, and on-line postage to mass merchants, warehouse clubs, grocery/drug stores, office superstores, contract stationers, and retailers. The Tools, Hardware & Commercial Products segment offers industrial bandsaw blades and cutting tools for pipes and HVAC systems; hand tools and power tool accessories; manual paint applicators, window hardware, and convenience hardware; cleaning and refuse products, hygiene systems, material handling solutions, medical and computer carts, and wall-mounted workstations to mass merchants, home centers, department stores, hardware and commercial products distributors, industrial/construction outlets, custom shops, select contract customers, and professional customers. It sells its products under Rubbermaid, Graco, Aprica, Levolor, Kirsch, Amerock, Calphalon, Goody, Sharpie, Expo, Dymo, Paper Mate, Parker, Waterman, Lenox, Irwin, Shur-line, and Bulldog brands. The company operates in North America, Europe, the Middle East, Africa, Latin America, and the Asia Pacific. Newell Rubbermaid Inc. was founded in 1903 and is headquartered in Atlanta, Georgia.
Advisors' Opinion:- [By Brian Pacampara]
Alticor
Avon Products (NYSE: AVP )
Newell Rubbermaid (NYSE: NWL )Sources: S&P Capital IQ and Motley Fool CAPS.
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