Saturday, October 25, 2014

Top 5 Mid Cap Stocks To Buy Right Now

On Thursday after the market closed, mid cap fabless semiconductor stock Marvell Technology Group Ltd (NASDAQ: MRVL) reported earnings and was slipping in after hours trading, meaning its worth taking a closer look at those earnings along with the performance of potential semiconductor benchmarks like the SPDR S&P Semiconductor ETF (NYSEARCA: XSD), iShares PHLX SOX Semiconductor Sector (NASDAQ: SOXX) and Direxion Daily Semiconductor Bull 3X Shares (NYSEARCA: SOXL). In case you aren�� familiar with the term fabless semiconductor, it�� a�business�model that involves the�outsourcing the manufacturing of silicon wafers.�Most semiconductor companies are actually fabless because of the high cost of building�a facility and manufacturing fab. Therefore, fabless semiconductor companies can�concentrate on the design and marketing of chips while outsourcing the actual production to larger foundry companies.

Top 5 Mid Cap Stocks To Buy Right Now: Empire State Realty Trust Inc (ESRT)

Empire State Realty Trust, Inc., incorporated on July 29, 2011, is a self-administered and self-managed real estate investment trust (REIT), which owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area. The Company operates in two segments: real estate and construction contracting. As of June 30, 2013, the Company owned 12 office properties (including one long-term ground leasehold interest) encompassing approximately 7.7 million rentable square feet of office space, which were approximately 83.5% leased (or 86.2% giving effect to leases signed but not yet commenced as of that date). Seven of these properties are located in the midtown Manhattan market and encompass in the aggregate approximately 5.9 million rentable square feet of office space, including the Empire State Building. Its Manhattan office properties also contain an aggregate of 440,615 rentable square feet of retail space on their ground floor and/or lower levels. Its remaining five office properties are located in Fairfield County, Connecticut and Westchester County, New York, encompassing in the aggregate approximately 1.8 million rentable square feet.

The Company has entitled land at the Stamford Transportation Center in Stamford, Connecticut, adjacent to one of its office properties, that supports the development of an approximately 380,000 rentable square foot office building and garage, which refers to herein as Metro Tower. As of June 30, 2013, its portfolio also included four standalone retail properties located in Manhattan and two standalone retail properties located in the city center of Westport, Connecticut, encompassing 204,452 rentable square feet in the aggregate. As of June 30, 2013, its standalone retail properties were 100% leased in the aggregate. In addition, the Company has an option to acquire from affiliates of its predecessor two additional Manhattan office properties encompassing approximately 1.5 million rentable squar! e feet of office space and 153,209 rentable square feet of retail space at the base of the buildings.

The Empire State Building is the Company�� flagship property. The 102-story building consists of 2,701,938 rentable square feet of office space and 167,788 rentable square feet of retail space. The building also includes its observatory and broadcasting operations. The Company�� portfolio includes retail properties located in retail corridors in Manhattan and Westport, Connecticut. Tenants at 10 Union Square in Manhattan include Best Buy Mobile, Starbucks, A&P, Panera Bread, FedEx/Kinko��, Au Bon Pain, Chipotle Mexican Grill, and GameStop. In the greater New York metropolitan area, its portfolio includes high quality suburban office properties in densely populated metropolitan communities in Fairfield County, Connecticut and Westchester County, New York. tenants of the greater New York metropolitan area flagship Metro Center (at the Transportation Center in Stamford, Connecticut) include Thomson Reuters, Jefferies Group, Columbus Circle Investors, Torm Shipping, Olympus Partners, BP Energy, Tweedy, Browne Company and Susquehanna International.

The Company approximately has 242 million square feet of rentable space, which are contained within Midtown�� multi-tenant office buildings. Downtown Chicago and the Washington, D.C. CBD combine has a total of 230 million square feet of office space. Three-quarters 75.3% of Midtown�� office stock is classified as Class A with total square footage of 182 million square feet. The Company approximately has 43.9 million square feet of Midtown office space is counted as Class B stock, accounting for 18.2% of the total market. The remaining 6.5% of Midtown office space (15.8 million square feet) is categorized as Class C space. The Grand Central submarket is a office submarket in Midtown Manhattan with 44 million square feet and is located on the east side of Midtown Manhattan, to the north of Murray Hill and to the south of the Park ! Avenue co! rridor.

The West Side office submarket, located to the south and west of Central Park and including the area around Columbus Circle, consists of 25.8 million square feet of office space. Westchester County contains approximately 28.9 million square feet of office space and is split into six submarkets: White Plains CBD and non-CBD, Northern, Central, Eastern and Southern. The White Plains CBD is situated in south central Westchester County, along the Cross-Westchester Expressway (Interstate 287) corridor between the Sprain Brook Parkway and the Hutchinson River Parkway. The submarket consists of approximately 6.3 million square feet of office space and is defined to include the area south of Barker Avenue, north of Quinby Avenue, east of the Bronx River Parkway and west of South Broadway/Post Road. Westchester�� Eastern office submarket consists of 6.5 million square feet of space and is located to the east of White Plains, between New Rochelle and the Connecticut state border.

Advisors' Opinion:
  • [By Reuters]

    John Moore/Getty Images NEW YORK -- Investors in the Empire State Building have filed a lawsuit accusing the real estate magnates who took it public of short-changing them $300 million by refusing to sell the iconic skyscraper at a premium price. According to a complaint filed Tuesday in a New York state court in Manhattan, Peter Malkin and his son Anthony put their own interests ahead of the building's investors by spurning all-cash offers of as much as $2.3 billion for the building and $1.4 billion for Empire State Building Associates, which held the title and master lease. Instead, the Malkins put the landmark building and 17 other properties into Empire State Realty Trust Inc., whose Oct. 1 IPO valued the property at just $1.89 billion and ESBA at just $1.1 billion, according to the complaint. The lawsuit by plaintiff Marc Postelnek seeks class-action status on behalf of more than 2,800 investors who hold shares in ESBA, which was created in 1961 and was supervised by a Malkin company, Malkin Holdings. It claimed the Malkins acted in bad faith by aborting a "bidding war" for the building, and instead enriched themselves by hundreds of millions of dollars through an IPO. "Given their positions of control and authority over the fate of the Empire State Building, the Malkins had a duty to act in the best interests of their investors," the plaintiffs' lawyer, John Rizio-Hamilton, a partner at Bernstein Litowitz Berger & Grossmann, representing Postelnek, told Reuters. "By failing to properly consider offers to maximize the building's value, the Malkins breached that duty." The lawsuit seeks to recover profit that building investors allegedly lost because of the Malkins' refusal to sell. Empire State Realty Trust, a real estate investment trust, is a successor to Malkin Holdings. "These claims are wholly without merit and we will respond to them in court," a spokeswoman for the REIT said Thursday. ESBA had been created by Lawrence Wien, the father

Top 5 Mid Cap Stocks To Buy Right Now: Cato Corp (CATO)

The Cato Corporation (Cato) is a women�� fashion specialty retailer. As of January 28, 2012, the Company operated 1,288 fashion specialty stores in 31 states, principally in the southeastern United States, under the names Cato, Cato Fashions, Cato Plus, It�� Fashion, It�� Fashion Metro and Versona Accessories. It operates in two segments: stores and Credit. The Company�� stores offer a assortment of on-trend apparel and accessory items in primarily junior/missy, plus sizes, girls sizes 7 to 16, men�� and kids sizes newborn to seven. Its merchandise lines include dressy, career, and casual sportswear, dresses, coats, shoes, lingerie, costume jewelry, handbags, men�� wear and lines for kids and newborns. Its merchandise is sold under its private label and is produced by various vendors in accordance with the Company�� specifications.

The Company offers its own credit card and a layaway plan to make the purchase of its merchandise convenient for its customers. The Company�� stores are located in the southeastern United States in a variety of markets ranging from small towns to metropolitan areas with trade area populations of 20,000 or more. Stores average approximately 4,500 square feet in size. The Company offers its own credit card, which accounted for 4.8% of retail sales during the fiscal year ended January 28, 2012 (fiscal 2012).

Advisors' Opinion:
  • [By Reuters]

    Joshua Lott/Getty Images NEW YORK -- Several major U.S. retailers posted disappointing sales for November after cautious shoppers pinched their pennies at the start of a shorter holiday season. Some of the companies that reported sales gains ramped up bargains to bring in shoppers who appeared hesitant to splurge. Costco Wholesale (COST) said Thursday that sales at stores open at least a year rose 2 percent, below the 3.3 percent increase analysts were looking for, according to Thomson Reuters. The warehouse club chain said consumer electronics sales fell. Same-store sales at L Brands (LTD), owner of the Victoria's Secret lingerie chain, also came in below expectations. Its drop of 5.5 percent was far deeper than the 1.1 percent decline analysts were projecting. Wall Street analysts are expecting 11 top retailers to report a 2.7 percent increase in same-store sales for November, according to Thomson Reuters. Excluding drugstore operators, which get two-thirds of revenue from prescriptions, that gain is estimated at 2.3 percent. Gap (GPS) will report its November sales after U.S. markets close. Retailers have been contending with low consumer confidence and the need to prod shoppers with bargains this holiday season, which has six fewer days because of a late Thanksgiving. The National Retail Federation on Sunday said U.S. shoppers had spent 2.9 percent less this year over the Thanksgiving weekend, the kickoff to the holiday season. The Conference Board, an industry group, said last week that U.S. consumer confidence fell in November after a sharp drop in October as Americans worried about their future jobs and earnings prospects. Earlier this week, J.C. Penney (JCP) reported a 10.1 percent comparable sales increase, partially reversing a disastrous decline in 2012, but the department store chain had to resort to aggressive bargains. The "environment will remain as competitive" through the holiday season, Chief Executive Officer Myron Ullman said. I

  • [By Reuters]

    Julio Cortez/AP NEW YORK -- Many U.S. retailers had to ramp up promotions last month as shoppers continued to watch their spending during the holiday season, hitting profits at several chains. L Brands (LB) cut its earnings forecast for the holiday quarter Thursday after reporting disappointing December sales at its Victoria Secret and La Senza chains. The company said it had to offer more deals than expected, the second month in a row it has had to do so. Family Dollar Stores (FDO) and teen retailer Zumiez (ZUMZ), which both reported sales declines for December, also slashed their profit forecasts. Even retailers that saw big sales gains, such as Kay Jewelers parent Signet Jewelers (SIG), weren't spared. "Additional discounting was necessary in a highly promotional retail environment," Signet Chief Executive Officer Mike Barnes said in a statement. A group of nine U.S. retailers in the Thomson Reuters same-store sales index are expected Thursday to report a sales rise of 1.9 percent in December at stores open at least a year, well below the 7.2 percent increase of a year earlier. Including drugstore chains Walgreen (WAG) and Rite Aid (RAD), analysts estimate the rise at 2.7 percent. Gap (GPS) will report after the markets close Thursday. Faced with reticent shoppers worried about their job prospects and modest economic growth, retailers offered more discounts during the holiday season than a year earlier. Between Nov. 3 and Jan. 4, eight retailers, including Walmart Stores (WMT), Target (T) and Macy's (M) , increased the number of circulars published by 6 percent and sent 57 percent more promotional emails, according to data prepared for Reuters by MarketTrack. Retailers also had to deal with shoppers who were less willing to go into stores: Data firm ShopperTrak this week said foot traffic had dropped 14.6 percent this holiday season. Walgreen, whose comparable sales of general merchandise rose 2.5 percent in December, said fewer shoppers had com

  • [By Jake L'Ecuyer]

    The Cato (NYSE: CATO) was down, falling 11.89 percent to $26.52 on Q4 results. Cato reported its Q4 earnings of $0.13 per share, versus analysts' estimates of $0.13 per share. Cato Corporation expects FY14 earnings of $1.47 to $1.66 per share, versus estimates of $1.86 per share.

  • [By Rich Duprey]

    Discount fashion retailer Cato� (NYSE: CATO  ) �reported this morning that May sales wilted.

    For the four weeks ending June 1, total sales were $81.7 million, a 3% drop from the $84.3 million it recorded in the year-ago period.�That translated into a same-store sales decline of 2% for May.

Best Supermarket Stocks To Buy Right Now: Seadrill Limited(SDRL)

Seadrill Limited, an offshore drilling contractor, provides offshore drilling services to the oil and gas industries worldwide. It also offers platform drilling, well intervention, and engineering services. As of March 31, 2011 the company owned and operated 54 offshore drilling units, which consist of drillships, jack-up rigs, semisubmersible rigs, and tender rigs for operations in shallow and deepwater areas, as well as in benign and harsh environments. Seadrill Limited was founded in 1972 and is based in Hamilton, Bermuda.

Advisors' Opinion:
  • [By Eddie Staley]

    SeaDrill (NYSE: SDRL) shares tumbled 5.43 percent to $37.45. Seadrill launched $1 billion 2019 convertible bond concurrently with a voluntary incentive payment offer to convert the existing $650 million 3.375% 2017 convertible bond.

  • [By Ben Levisohn]

    Diamond Offshore had dropped 18% this year through yesterday’s close, while Transocean (RIG) had fallen 15%, Noble (NE) had declined 17%, Seadrill (SDRL) had dropped 12% and Atwood Oceanics (ATW), which reported earnings yesterday, had fallen 13%. But all the bearishness has been forgotten, what with the S&P 500 up more than 1% and Diamond Offshore trouncing analyst forecasts.

  • [By Julius Ferraro]

    Transocean is another great offshore driller trading a huge discount due to some ongoing bad publicity given to it due to the 2010 oil spill. I consider these dark clouds to be an opportunistic time to buy shares. Transocean is the largest offshore driller by rig count. The title for largest offshore driller by market cap has been given to Seadrill (SDRL) which is run by the famous John Fredriksen. Expected to earn $4.04 this year, Transocean trades at 10.7 times earnings which is historically low for the company. Lately, activist Carl Icahn has taken interest in the company and has taken a 6% ownership in it. Icahn has recently tried to push for a $4.00 dividend but has since only been approved for an annual dividend $2.24 (4.9%). Even though I am a huge fan of dividends and reinvesting them back into the company, Transocean's business model requires it to maintain cash for updating and building new rigs. Cash on the balance sheet is also necessary to prevent a situation similar to that of 2011 when Transocean was forced to issue shares at a 52 week low. Transocean's current balance sheet is very manageable given Transoceans free cash flow with $3.35 billion in cash and $10.8 billion in debt. Leon Cooperman of Omega Advisors is also a big fan of the company and currently has a position. He stated on a CNBC at the SALT conference that he believes the fleet assets alone are worth $70 per share. Transocean has a fleet of 80 rigs and 7 rigs under construction. Transocean also has a huge backlog of $27 billion dollars which it can use to fund the cost building of these rigs and maintain its dividend. While the overhang of the BP spill may remain a little while longer, eventually the dark clouds will subside and shareholders will be rewarded for their patience.

  • [By Ben Levisohn]

    Offshore drillers like Ensco (ESV), Seadrill (SDRL) and Rowan (RDC) are sinking today, but shares of Transocean (RIG) have managed to stay afloat.

    AFP

    Transocean has gained 0.9% to $41.85 at 1:22 p.m. today, even as Ensco has fallen 1.3% to $50.89, Seadrill has plunged 3.1% to $34.87 and Rowan has dipped 0.8% to $30.89.

Top 5 Mid Cap Stocks To Buy Right Now: Meritor Inc (MTOR)

Meritor, Inc. (Meritor), incorporated on March 31, 2000, is a global supplier of a range of integrated systems and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation and industrial sectors. The company serves commercial truck, trailer, off-highway, military, bus and coach and other industrial OEMs and certain aftermarkets. Its products are axles, undercarriages, drivelines, brakes and braking systems. Meritor serves a range of customers globally, including medium- and heavy-duty truck OEMs, specialty vehicle manufacturers, certain aftermarkets, and trailer producers. Its new business segments are Commercial Truck & Industrial; and Aftermarket & Trailer. On January 2, 2012, it completed the sale of its Commercial Truck manufacturing facility located in St. Priest, France to Renault Trucks SAS, an affiliate of AB Volvo.

The Company�� Commercial Truck segment supplies drivetrain systems and components, including axles, drivelines and braking and suspension systems, for medium- and heavy-duty trucks in North America, South America and Europe. The Industrial segment supplies drivetrain systems including axles, brakes, drivelines and suspensions for off-highway, military, construction, bus and coach, fire and emergency, and other industrial applications. This segment also includes all of its original equipment (OE) businesses in Asia Pacific, including all on- and off-highway activities. The Aftermarket & Trailer segment supplies axles, brakes, drivelines, suspension parts, and other replacement and re-manufactured parts, including transmissions, to commercial vehicle and industrial aftermarket customers. This segment also supplies a range of undercarriage products and systems for trailer applications in North America.

Axles, Undercarriage & Drivelines

The Company is a supplier of axles for medium- and heavy-duty commercial vehicles. Its truck axle product line includes a range of front steer axles and! rear drive axles. Its front steer and rear drive axles can be equipped with its cam, wedge or air disc brakes, automatic slack adjusters, complete wheel-end equipment, such as hubs, rotors and drums, and (through its WABCO Holdings, Inc. (WABCO) joint venture) anti-lock braking systems (ABS) and vehicle stability control systems.

The Company supplies heavy-duty axles for use in off-highway vehicle applications, including construction, material handling, and mining. It also supplies axles for use in medium- and heavy-duty military tactical wheeled vehicles in North America. It also supplies axles for use in buses, coaches and recreational vehicles, fire trucks and other specialty vehicles in North America, Asia Pacific and Europe.

The Company manufacturers heavy-duty trailer axles in North America. Its trailer axles are available in more than 40 models in capacities from 20,000 to 30,000 pounds for all heavy trailer applications and are available with its range of suspension modules, brake products, including drum brakes, disc brakes, anti-lock and trailer stability control systems, and ABS (through our WABCO joint venture). Its supplies universal joints and driveline components, including its Permalube universal joint and RPL Permalube driveline, which are lubricated designs used in the mileage on-highway market. It supplies drivelines in a range of global regions, for use in numerous on-highway vehicle applications, including construction, material handling and mining. It supplies transfer cases and drivelines for use in medium- and heavy-duty military tactical wheeled vehicles, principally in North America. It also supplies transfer cases for use in specialty vehicles in North America. Anti-lock brakes and stability control systems are also used in military vehicles and specialty vehicles. In addition, it supplies trailer air suspension systems and products with an increasing market presence in North America. It also supplies advanced suspension modules for use in light-, ! medium- a! nd heavy-duty military tactical wheeled vehicles, principally in North America. Through a joint venture, it develops, manufactures and sells truck suspensions, trailer axles and suspensions and related wheel-end products in the South American market.

Brakes and Braking Systems

The Company is an independent supplier of air brakes to medium- and heavy-duty commercial vehicle manufacturers in North America and Europe. Through manufacturing facilities located in North America, Asia Pacific and Europe, it manufactures a range of foundation air brakes, as well as automatic slack adjusters for brake systems. Its foundation air brake products include cam drum brakes, which offer lining life and tractor/trailer interchangeability; wedge drum brakes, which are lightweight and provide automatic internal wear adjustment; air disc brakes, and wheel-end components, such as hubs, drums and rotors. Its brakes and brake system components also are used in medium- and heavy-duty military tactical wheeled vehicles, principally in North America. It also supplies brakes for use in buses, coaches and recreational vehicles, fire trucks and other specialty vehicles in North America and Europe, and also supply brakes for commercial vehicles, buses and coaches in Asia Pacific.

Other Products

The Company sells other complimentary products, including third party and private label items, through its aftermarket distribution channels. These products are sold under master distribution or similar agreements with outside vendors and include brake shoes and friction materials; automatic slack adjusters; yokes and shafts; wheel-end hubs and drums; ABS and stability control systems; shock absorbers and air springs; air brakes, air systems, air dryers and compressors.

Advisors' Opinion:
  • [By Travis Hoium]

    What: Shares of automotive equipment supplier Meritor (NYSE: MTOR  ) jumped 23% today after the company released earnings.

    So what: Sales dropped 22% to $908 million and the company reported a net loss of $4 million, or $0.04 per share. Revenue fell short of estimates but investors are clinging to adjusted earnings per share of $0.06, which came in a penny ahead of expectations. �

  • [By Rich Duprey]

    Meritor� (NYSE: MTOR  ) �has launched a cash tender offer for its 8.125% notes maturing in 2015.�The company is offering $1,140 in total for each $1,000 in principal value of the notes, plus accrued and unpaid interest.

  • [By Rich Duprey]

    Auto-parts supplier�Meritor� (NYSE: MTOR  ) �announced yesterday that it's offering�$250�million worth�of senior unsecured notes in a bid to swap out higher-rate debt for notes that carry a lower rate while extending the terms of maturity.

  • [By Roberto Pedone]

    Meritor (MTOR) is engaged in the supply of a range of integrated systems, modules and components to original equipment manufacturers and the aftermarket for commercial vehicle, transportation and industrial sectors. This stock closed up 0.87% to $8.16 in Tuesday's trading session.

    Tuesday's Range: $8.04-$8.30

    52-Week Range: $3.83-$8.50

    Tuesday's Volume: 644,000

    Three-Month Average Volume: 1.15 million

    From a technical perspective, MTOR spiked modestly higher here right above its 50-day moving average of $7.82 with lighter-than-average volume. This move is starting to push shares of MTOR within range of triggering a near-term breakout trade. That trade will hit if MTOR manages to take out some near-term overhead resistance levels at $8.47 to its 52-week high at $8.50 with high volume.

    Traders should now look for long-biased trades in MTOR as long as it's trending above its 50-day at $7.82 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.15 million shares. If that breakout hits soon, then MTOR will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $9 to $10.

Top 5 Mid Cap Stocks To Buy Right Now: LCY Chemical Corp (1704.TW)

LCY Chemical Corporation is principally engaged in the manufacture and distribution of polypropylene (PP), solvents and other chemical products. The Company provides methanol products, including methanol, formaldehyde, paraformaldehyde and dimethyl ether, among others; solvents, including ethyl acetate, isopropyl alcohol and methyl isobutyl ketone, as well as electronic chemical products, PP related products, thermoplastic rubber and liquefied petroleum gas (LPG). Its products are applied in the manufacture of resins, agricultural pesticides, catalysts, medicines, paintings, inks, artificial leather products, shoes, industrial products, electronic components, toys and electrical appliances, among others. On June 23, 2014, it acquired a certain shares of TECHNOLOGY CORP. After that, it holds 86.65% stake of LCY TECHNOLOGY CORP. Advisors' Opinion:
  • [By Anna Prior]

    Kraton Performance Polymers Inc.'s(KRA) board is no longer pushing for the company’s stockholders to approve its plans to combine with LCY Chemical Corp.'s(1704.TW) styrenic block copolymer operations.

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