The unusual joint recommendations by the U.S. National Transportation Safety Board and the Transportation Safety Board of Canada include better route planning for trains carrying hazardous materials to avoid populated and other sensitive areas.
They also recommended stronger efforts to ensure hazardous cargo is properly classified before shipment, and greater government oversight to ensure rail carriers that transport oil are capable of responding to "worst-case discharges of the entire quantity of product carried on a train."
5 Best Canadian Stocks To Buy Right Now: NEW GOLD INC.(NGD)
New Gold Inc. engages in the acquisition, exploration, extraction, processing, and reclamation of mineral properties. The company primarily explore for gold, silver, and copper deposits. Its operating properties include the Mesquite gold mine in the United States; the Cerro San Pedro gold-silver mine in Mexico; and the Peak gold-copper mine in Australia. The company also has development projects, including the New Afton gold, silver, and copper project in Canada; and a 30% interest in the El Morro copper-gold project in Chile. The company was formerly known as DRC Resources Corporation and changed its name to New Gold Inc. in June 2005. New Gold Inc. was founded in 1980 and is headquartered in Vancouver, Canada.
Advisors' Opinion:- [By MONEYMORNING]
New Gold Inc. (NSYEMKT: NGD) completed its takeover of Rainy River Resources back in October. New Gold got 4 million ounces in a good jurisdiction (Ontario) and paid less than book value.
5 Best Canadian Stocks To Buy Right Now: United States Steel Corporation(X)
United States Steel Corporation produces and sells steel mill products in North America and Central Europe. It operates in three segments: Flat-rolled Products (Flat-rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-rolled segment offers slabs, rounds, strip mill plates, sheets, and tin mill products, as well as iron ore and coke. This segment serves service center, conversion, transportation, construction, container, and appliance and electrical markets in North America. The USSE segment offers slabs, sheets, strip mill plates, tin mill products, and spiral welded pipes, as well as heating radiators and refractory ceramic materials. This segment serves the European construction, service center, conversion, container, transportation, and appliance and electrical, as well as and oil, gas, and petrochemical markets. The Tubular segment offers seamless and electric resistance welded steel casing and tubing; and standard, and line pipe and mechanical tubing. It primarily serves customers in the oil, gas, and petrochemical markets. The company also provides transportation services, including railroad and barge operations. In addition, it owns, develops, and manages various real estate assets, which include approximately 200,000 acres of surface rights primarily in Alabama, Illinois, Maryland, Michigan, Minnesota, and Pennsylvania; participates in joint ventures that are developing real estate projects in Alabama, Maryland, and Illinois; and owns approximately 4,000 acres of land in Ontario, Canada. The company was founded in 1901 and is headquartered in Pittsburgh, Pennsylvania.
Advisors' Opinion:- [By Ben Levisohn]
The Dow Jones Industrial Average was dragged down by Coca-Cola (KO), which fell 4.5% to $37.18 this week after its fourth-quarter earnings report lacked fizz, and Wal-Mart (WMT), which dropped 3.5% after it offered below-consensus guidance and said it would pursue a small-store strategy. The S&P 500′s big losers included US Steel (X), which plunged 8.2% after the US decided that South Korea hadn’t sold steel pipes below cost, Waste Management (WM), which fell 6.1% to $40.99 after lower-than-forecast guidance caused investors to dump its share like garbage, and Cliffs Natural Resources (CLF), which dropped 5.1% to $21.97 as analysts debated whether the iron miner had done enough to turn itself around.
- [By Luke Jacobi]
U.S. Steel (NYSE: X) is making its biggest one-day move in three years after reporting a massive earnings beat. On top of that, revenue beat Wall Street's expectations for the first time since early 2013.
- [By Wallace Witkowski]
On the S&P 500, Darden Restaurants Inc. (DRI) �, PulteGroup Inc. (PHM) �, U.S. Steel Corp. (X) �and Apple Inc. (AAPL) �were the big gainers.
- [By Michael Flannelly]
BMO Capital analysts initiated coverage on United States Steel Corporation (X) early on Wednesday, giving the stock a “Market Perform” rating because the company will be negatively impacted by lower steel prices.
The analysts see shares of X reaching $19, which suggests a 7% downside to the stock’s Tuesday closing price of $20.51.
US Steel shares were down a fraction during pre-market trading on Wednesday. The stock is down 14% year-to-date.
Top 5 China Stocks To Watch For 2015: CapitalSource Inc (CSE)
CapitalSource Inc., through its subsidiaries, provides financial products to small and middle market businesses in the United States. It offers depository products and services, such as savings and money market accounts, individual retirement account products, and certificates of deposit. The company also provides senior secured real estate and asset-based loans, and cash flow loans, which have a first priority lien in the collateral securing the loan. Its asset-based loans are collateralized by specified assets of the client, primarily the client�s accounts/notes receivable, inventory, and machinery; and real estate loans are secured by senior mortgages on real property. The company focuses on providing equipment loans and leases; loans to healthcare providers; commercial real estate and multifamily real estate loans; loans secured by timeshare, auto, and other consumer receivables; student loans; traditional life insurance premium finance loans; and loans to technology companies, small businesses, dentists, physicians, pharmacists, and optometrists, as well as to companies in the physical security, government security, and public safety sectors. It operates through 21 retail bank branches in southern and central California, as well as lending offices in the United States. The company was founded in 2000 and is headquartered in Los Angeles, California.
Advisors' Opinion:- [By Paul Ausick]
PacWest Bancorp (NASDAQ: PACW) is a small cap regional bank that mainly serves southern California. A likely merger with CapitalSource Inc. (NYSE: CSE) enhances the outlook for the coming year, bringing the bank�� assets to more than $10 billion. The bank�� stock closed at $41.66 on Friday in a 52-week range of $24.27 to $42.69. Sterne Agee projects 2014 EPS of $2.80, up 43% compared with estimated 2013 earnings. The implied gain to the target price of $48.00 is about 15% and the forward P/E ratio is 14.9.
5 Best Canadian Stocks To Buy Right Now: S&P 500/Barra Value(SU)
Suncor Energy Inc., together with its subsidiaries, operates as an integrated energy company. The company involves in the development of petroleum resource basins in Canada's Athabasca oil sands; acquisition, exploration, development, production, and marketing of crude oil and natural gas in Canada and internationally; transportation and refining of crude oil; and marketing of petroleum and petrochemical products primarily in Canada. Its Oil Sands segment produces bitumen recovered from oil sands through mining and in-situ technology, and upgrades it into refinery feedstock, diesel fuel, and by-products. This segment?s products include gasoline and distillates. The company?s Natural Gas segment acquires, explores, develops, and produces natural gas, natural gas liquids, oil, and by-products from reserves located primarily in western Canada, the Northwest Territories, Alaska, and the Arctic Islands. Its International and Offshore segment engages in the exploration and pro duction of oil and gas in offshore Newfoundland and Labrador, in the North Sea, and in Libya and Syria. The company?s Refining and Marketing segment refines crude oil at Suncor's refineries in Edmonton, Alberta; Montreal, Quebec; and Sarnia, Ontario in Canada, as well as in Commerce City, Colorado into a range of petroleum and petrochemical products for sale to retail, commercial, and industrial customers. It also transports crude oil through pipelines in eastern and western Canada, as well as through wholly-owned pipelines in Wyoming and Colorado; and produces specialty lubricants and waxes. In addition, this segment operates retail sites in Canada under the Petro-Canada brand; and in Colorado under Phillips 66 and Shell brands. Suncor Energy Inc. also engages in third-party energy trading activities. The company was formerly known as Suncor Inc. and changed its name to Suncor Energy Inc. in April 1997. Suncor Energy Inc. was founded in 1953 and is headquartered in Calgary , Canada.
Advisors' Opinion:- [By Sarah Jones]
Invensys Plc (ISYS) surged 15 percent after Schneider Electric SA (SU) offered about 3.3 billion pounds ($5 billion) for the U.K. company. Phoenix Group Holdings rose 10 percent after saying it is in talks to combine with a unit of Swiss Re. Spanish utilities slid on government plans to cut profit for renewable energy companies and the electric grid operator.
- [By Chad Fraser]
If you’re a regular Investing Daily reader, you likely know that we’ve long been bullish on investing in north of the border. Here are a few reasons why:
Many Canadian firms boast high—and rising—dividends: The best Canadian dividend stocks tend to have long records of making outsized payouts. Right now, for example, our Canadian Edge advisory’s portfolios include stocks with yields up to 10.3%.
Growing resource wealth: Canada’s oil reserves are the world’s third-largest, with production from the Alberta oil sands forecast to double, to 6.7 million barrels a day, by 2030, according to the Canadian Association of Petroleum Producers.
The sector got a shot in the arm after Warren Buffett took out a big stake in Suncor Energy (NYSE: SU), the largest oil sands producer, in the second quarter of 2013 and added to his stake in Q3.
“We think it is a positive for the sector,” Robert Bedin of ITG Investment Research recently told the Financial Post. “Suncor is probably a pretty good proxy for the Canadian oil price, and if Mr. Buffett is bullish on the oil price, it’s good across the board for Canadian names.”
Economic stability: The World Economic Forum has ranked Canada’s banking system No. 1 for six years in a row. The country didn’t experience any bank failures during the 2008/2009 crisis.
In addition, Canada’s federal government is on track to balance its books by April 2015. The country’s finance minister, Jim Flaherty, recently said the government plans to post a surplus of C$3.7 billion in the year starting April 2015, up from his earlier projection of C$800 million.
Low corporate taxes: In a recent PwC study, Canada ranked eighth in a global comparison of the most advantageous places to pay corporate taxes, far ahead of the U.S., in 69th spot. The country’s low tax rate—almost half that of the - [By Arjun Sreekumar]
For instance, Total SA (NYSE: TOT ) recently abandoned its Voyageur Upgrader project, deciding to sell its 49% stake in the project to its joint-venture partner, Suncor Energy (NYSE: SU ) , for $500 million. Total defended the move to scrap Voyageur ��a 200,000-barrels-a-day facility designed to "upgrade" bitumen into crude oil ��by saying that it was "no longer justified from a strategic and economic" standpoint.
5 Best Canadian Stocks To Buy Right Now: CenturyLink Inc.(CTL)
CenturyLink, Inc., together with its subsidiaries, operates as an integrated communications company. The company provides a range of communications services, including voice, Internet, data, and video services in the continental United States. Its services include local exchange and long distance voice telephone services, as well as enhanced voice services, such as call forwarding, caller identification, conference calling, voicemail, selective call ringing, and call waiting; wholesale local network access services; and data services, including high-speed Internet access services, data transmission services over special circuits and private lines, and switched digital television services, as well as special access and private line services. The company also offers fiber transport, competitive local exchange carrier, security monitoring, and other communications, as well as professional and business information services. In addition, it provides other related services, such as leasing, selling, installing, and maintaining customer premise telecommunications equipment and wiring; payphone services; and network database services, as well as participates in the publication of local telephone directories. Further, the company offers printing, direct mail services, and cable television services; and wireless broadband Internet access services and satellite television services. As of December 31, 2010, it operated approximately 6.5 million telephone access lines. CenturyLink, Inc was founded in 1968 and is based in Monroe, Louisiana.
Advisors' Opinion:- [By Ong Kang Wei]
For example, Digital Realty (DLR) is the undoubted leader in the data storage industry, with a market cap of $8.3B. Its other three competitors, DuPont Fabros (DFT), CoreSite Realty (COR) and CyrusOne (CONE), have market caps of $1.5B, $930M and $430M respectively. In addition, with the level of complexity involving Digital's business making it immensely difficult for companies to operate data centre facilities, the company is in a good position for future growth. The company also has a wide network of 595 tenants (significantly more than other competitors), including CenturyLink (CTL), AT&T and Morgan Stanley (MS). This further secures its long term business prospects and also its dominance over its competitors.
- [By Ben Levisohn]
CenturyLink (CTL) has risen 2.9% to $39.90 after the telecom company reported Street-beating earnings and offering guidance that was in line with analyst forecasts.
- [By Jim Fink]
Year-to-Date Performance
Industry Diamond Offshore (NYSE: DO) $55.39 $7.7 billion 3.3 -14.2% Oil Drilling HCP Inc. (NYSE: HCP) $36.22 $16.5 billion 3.5 -16.0% Healthcare REIT American Realty Capital Properties (Nasdaq: ARCP) $12.64 $2.4 billion 8.6 1.9% Retail and Office REIT Southern Co. (NYSE: SO) $40.88 $36.1 billion 9.8 -0.1% Electric Utility Cooper Tire & Rubber (NYSE: CTB) $22.01 $1.4 billion 10.3 -11.8% Automobile Tires CenturyLink (NYSE: CTL) $31.36 $18.5 billion 11.8 -14.5% Telecommunications Quest Diagnostic (NYSE: DGX) $54.05 $7.8 billion 13.4 -5.4% Medical Diagnostic Tests Kinder Morgan Energy Partners (NYSE: KMP) $79.57 $34.9 billion 15.4 6.0% Energy pipeline MLP Altera (Nasdaq: ALTR) $31.98 $10.3 billion 15.9 -5.6% Semiconductors ADT Corp. (NYSE: ADT) $40.01 $8.0 billion 16.8 -12.9% Home SecuritySource: Bloomberg
- [By Rick Munarriz]
Finally, we have CenturyLink� (NYSE: CTL ) coming through with encouraging bottom-line results. Its adjusted profit of $0.76 a share was ahead of the $0.68 a share it posted a year earlier. The pros were targeting flat earnings growth.
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