The price of crude oil in the U.S. has dropped nearly 9% during the past month of trading, and Credit Suisse believes it’s time to take another look at the refiners, including Tesoro (TSO) and� Calumet Specialty Products (CLMT).
Bloomberg NewsAnalyst Edward Westlake and team explain what they see happening:
The pullback in crude prices, notably WTI will reduce losses on secondary products (asphalt, LPG). Backwardation has turned into a slight contango, another 4Q positive. The smaller refineries are more sensitive to crude price gyrations than large complex Gulf refiners ��something to keep an eye on.
Narrower spreads between Cushing and the Gulf have made the Gulf refiners more competitive on the main product pipelines inland.
Westlake particularly likes Tesoro:
TSO looks like a clear winner from here. The stock is the cheapest when logistics dropdown value is taken into consideration. Their Northern Mid-Con and Pacific North-West are among the best positioned in US refining ��with a decade of free cashflow ahead. West Coast results demonstrate TSO�� above average asset quality which Carson synergies will cement further. We raise our TP from $60 to $62.
Hot Paper Stocks To Buy Right Now: Telefonica SA(TEF)
Telefonica, S.A. provides fixed and mobile telephony services primarily in Spain, rest of Europe, and Latin America. Its fixed telecommunication services include PSTN lines; ISDN accesses; public telephone; local, domestic, and international long distance and fixed-to-mobile communications; corporate communications; video telephony; supplementary and business-oriented value-added services; network services; leasing and sale of handset equipment; and telephony information services. The company?s Internet and broadband multimedia services comprise Internet service provider service; portal and network services; retail and wholesale broadband access; narrowband switched access to Internet; naked ADSL, a broadband connection; residential-oriented value-added services; companies-oriented value-added services; television services, such as IPTV, cable television, and satellite television; and Fiber to the Home, a service for high speed Internet access and digital video recording. Its data and business-solutions services principally include leased lines; virtual private network services; fiber optics services; the provision of hosting and application; outsourcing and consultancy services; desktop services; and system integration and professional services. The company?s wholesale services for telecommunication operators primarily comprise domestic interconnection services; international wholesale services; leased lines for other operators? network deployment; local loop leasing under the unbundled local loop regulation framework; and bit stream services. It also offers various mobile and related services and products that include mobile voice services, value added services, mobile data and Internet services, wholesale services, corporate services, roaming, fixed wireless, and trunking and paging services. The company has a strategic alliance with China Unicom (Hong Kong) Limited. Telefonica, S.A. was founded in 1924 and is headquartered in Madrid, Spai n.
Advisors' Opinion:- [By Holly LaFon]
Charlie: Yes, I have a question. Do you think the opportunity is more in stocks or in debt, or both? If you look at Spain, the biggest companies in Spain, one is a bank, Bank Santander (STD). The other is Telefonica (TEF), a phone company. What other opportunities do you see there?
- [By Dan Caplinger]
You can see the same trends among many individual European stocks. Telecom giant Telefonica (NYSE: TEF ) has big exposure to Latin America, but investors focus on its home country of Spain in limiting its gains. The same trend has affected French oil giant Total (NYSE: TOT ) , which shares the same exposure to energy projects around the world yet has been tarnished by its proximity to the crisis-ridden continent. By focusing on value rather than perception, you can get some great values when others are being irrational.
- [By Dan Caplinger]
With dividend stocks, however, you have no guarantee that there's no assurance that you'll receive a dividend. For instance, Spanish telecom company Telefonica (NYSE: TEF ) chose last year not to pay its planned dividend for 2012, saying it would restore half the payout later this year. Even stalwart blue-chips General Electric (NYSE: GE ) and Pfizer (NYSE: PFE ) had to reduce their dividends dramatically during the financial crisis, and even now, they haven't risen back to their pre-crisis levels.
Best Logistics Stocks To Invest In 2014: International Speedway Corporation(ISCA)
International Speedway Corporation, together with its subsidiaries, promotes motorsports themed entertainment activities in the United States. The company?s motorsports themed event operations consist of racing events at its motorsports entertainment facilities. Its motorsports entertainment facilities promoted approximately 100 stock car, open wheel, sports car, truck, motorcycle, go-kart racing, and other racing events. The company is also involved in souvenir merchandising operations; food and beverage concession operations; the provision of catering services in suites and chalets; creation of motorsports-related programming content, including national satellite radio service; the usage of its track facilities for testing for teams, driving schools, riding experiences, car shows, auto fairs, concerts and settings for television commercials, print advertisements, and motion pictures; and rents show cars for promotional events. As of November 30, 2011, it owned and/or op erated 13 motorsports entertainment facilities. The company was formerly known as Daytona International Speedway Corporation and changed its name to International Speedway Corporation in 1968. International Speedway Corporation was founded in 1953 and is headquartered in Daytona Beach, Florida.
Advisors' Opinion:- [By Patricio Kehoe] hem. This market giant operates 13 motorsports stadiums, including the infamous Daytona 500 and Talladega Superspeedway and hosts over 100 events during the racing season. The firm relies on the motorsport segment for 70% of its revenue, and is majority owned by the France family, which also owns the privately held NASCAR. However, this once popular sport has lost some of its fame from the 2000s and today, it might not be the most profitable business. Let�� take a look at what might have motivated investment guru David Dreman (Trades, Portfolio) to sell out his company shares.
Back and Forth in a Monopoly
The motorsports industry is a natural monopoly at the local level, since only one racetrack can hold NASCAR events in each market, and until now, International Speedway has won this battle. Nevertheless, over the past five years, this company has suffered under declining ticket and concession spending, due to a weak demographic fan base located in troubled geographies. Although recent racetrack changes and customer stabilization will leave ISCA well positioned when spending power increases once again, this is bound to happen at a slow pace. However, the distinct properties of each racetrack attract high brand loyalty, and have compelled competitors like Speedway Motorsports Inc. (TRK) to focus business on completely different markets, therefore posing no real threat to ISCA.
Given that a recession or high oil prices could lead to a strong decline in admissions and concessions revenue, as well as corporate sponsorships, the motorsport giant has been making active efforts to counterbalance its vulnerability. After the 2009 recession cut down on sales by 40% and motorsports lost some popularity, causing ROIC metrics to plummet from 17.7% (quarter four of 2008) to 6.2% in fiscal 2013, ISCA focused on improving its capital allocation strategy. The new Hollywood Casino at the Kansas Speedway racetrack, which the company is building in a joint ventu
Best Logistics Stocks To Invest In 2014: Barclays PLC (II)
Barclays PLC (Barclays) is a global financial services provider engaged in retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services. The Company�� operations include its overseas offices, subsidiaries and associates. The Company operates in eight segments: UK Retail and Business Banking (UK RBB), Europe Retail and Business Banking (Europe RBB), Africa Retail and Business Banking (Africa RBB), Barclaycard, Barclays Investment Bank, Barclays Corporate Banking, Wealth and Investment Management, and Head Office and Other Operations. Advisors' Opinion:- [By Todd Sullivan]
HHC has increased all our ownership percentage through the repurchasing of outstanding warrants.
From the 13D/A
On December 31, 2013, certain of the Reporting Persons entered into swaps for the benefit of certain Pershing Square Funds. Under the terms of the swaps, (i) the relevant Pershing Square Funds will be obligated to pay to the bank counterparty any negative price performance of the 5,399,839 notional number of Common Shares subject to the swaps as of the expiration date of such swaps, plus interest rates set forth in the applicable contracts, and (ii) the bank counterparty will be obligated to pay the relevant Pershing Square Funds any positive price performance of the 5,399,839 notional number Common Shares subject to the swaps as of the expiration date of the swaps. During the term of the swaps, cash will be paid by the bank counterparty to the relevant Pershing Square Fund in an amount equal to the amount of notional distributions or dividends paid by the Issuer in respect of such notional number of Common Shares. All balances will be settled in cash. The Pershing Square Funds��counterparties for the swaps include entities related to Citibank, Nomura, Soci茅t茅 G茅n茅rale and UBS. The swaps do not give the Reporting Persons direct or indirect voting, investment or dispositive control over any securities of the Issuer and do not require the counterparty thereto to acquire, hold, vote or dispose of any securities of the Issuer. Accordingly, the Reporting Persons disclaim any beneficial ownership of any Common Shares that may be referenced in the swap contracts or Common Shares or other securities or financial instruments that may be held from time to time by any counterparty to the contracts. - [By Holly LaFon]
Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. As stated in the current prospectus, the Fund�� Investor Class Share�� annual operating expense ratio (gross) is 1.28%. The Fund�� adviser has contractually agreed to waive a portion of its fee and/or reimburse Fund expenses to limit total annual operating expenses at 1.25%, which is in effect until October 31, 2015. Other share classes may vary. The Fund charges a 2.0% redemption fee on shares redeemed within six months of purchase. For the most recent month-end performance, please call (877)328-9437 or visit the Advisor�� website at www.auxierasset.com. The recent growth rate in the stock market has helped to produce short-term returns that are not typical and may not continue in the future.Spring 2014 Market CommentaryAuxier Focus Fund�� Investor Class returned a modest 0.25% for the quarter ended March 31, while Standard and Poor�� 500 Stock Index (S&P) rose 1.81%. The Fund ended the quarter with 70% in U.S. stocks, 16% foreign stocks, 1.7 % bonds and 12.3% cash. Since inception in 1999, the Fund�� equity exposure has averaged 72%. Our stockholdings in the healthcare industry generally gained for the quarter. But many of our multinational and foreign stocks were hurt by the threat of currency repercussions from geopolitical events in Russia and Ukraine. The foreign portion of the Fund is easily the most undervalued. Longer term, we see a very favorable risk/reward potential with our UK and European holdings. Some emerging market companies we follow are the cheapest in over twenty years. In allocating capital, we much prefer the gloom of down to flat markets and the corrective process that tempers exuberance. We remember that one of th
Best Logistics Stocks To Invest In 2014: Six Flags Entertainment Corporation New(SIX)
Six Flags Entertainment Corporation owns and operates regional theme, water, and zoological parks. The company?s parks offers various selection of state-of-the-art and traditional thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. It owns and operates 19 parks, including 17 parks in the United States; 1 park in Mexico City, Mexico; and 1 park in Montreal, Canada. The company was formerly known as Six Flags, Inc. and changed its name to Six Flags Entertainment Corporation in April 2010. Six Flags Entertainment Corporation was founded in 1971 and is based in Grand Prairie, Texas.
Advisors' Opinion:- [By WWW.DAILYFINANCE.COM]
John Raoux/AP This promises to be a big summer for tourism in Central Florida. Disney (DIS) just opened the Seven Dwarfs Mine Train coaster at the Magic Kingdom. Later this month, it will be Comcast's (CMCSK) Universal Studios Florida that gets a chance to woo travelers with its Harry Potter-themed expansion that includes a Hogwarts Express train ride and an indoor roller coaster in a richly themed London setting. Disney's new family-friendly attraction -- the final achievement of the New Fantasyland expansion that began to open to the public in late 2012 -- officially opened shortly after Memorial Day. It is now the centerpiece of Disney World's television marketing campaign. The initial wave of reviews hasn't been kind. Many complain that the ride is too short and lacks the thrills befitting a roller coaster. Enthusiast site Disboards.com has an active thread that is now 300-plus posts and 21 pages deep with folks chiming in. The consensus seems to be that it's a fun and gentle ride, but not the roller coaster ride that many were expecting. That's fine for most guests. There's a reason why they are at Disney World instead of a Six Flags (SIX) park closer to home. However, there's clearly an opportunity here to expand its audience. Disney just prefers to keep its focus on young families. It's a Small World After All Disney has never sold itself as a thrill haven. The largest roller coaster in its four Florida parks -- Expedition Everest -- has an 80-foot drop and maxes out at 50 miles per hour. There are a couple of coasters in the country that go more than twice as fast and have drops five times higher. This doesn't mean that Disney's cutting corners. Expedition Everest was tapped by Guinness World Records as the world's most expensive coaster. The final tab for rich theming and cutting-edge ride systems reportedly came in at $100 million when accounting for the surrounding area, four times as much as Cedar Fair (FUN) has ever spent on one of its famed
- [By Bryan Murphy]
It's been a while since investors have heard anything from Independent Film Development Corporation (OTCMKTS:IFLM), but like many of the horror films the company is now aiming to recreate in theme park form, the market can expect news and announcements from IFLM when it least expects it. And, though this morning's news from IndyFilmCorp wasn't exactly earth-shattering, it does push the organization one step closer to taking on - and even beating - the likes of The Walt Disney Company (NYSE:DIS) and Six Flags Entertainment Corp. (NYSE:SIX) at their own game... theme parks.
- [By Tamara Rutter]
2. Six Flags (NYSE: SIX )
This theme park operator has come a long way since emerging from bankruptcy in May 2010. Today, the stock is up more than 27% year to date and boasts a dividend yield of 4.8%. Six Flags is home to the tallest roller coaster in the world, as well as one of the largest wildlife safaris outside of Africa. Six Flags kicked off the summer by featuring new rides in all 18 of its U.S. parks, according to Six Flags CEO Jim Reid-Anderson. - [By James E. Brumley]
Are you and/or your kids a little bit bored with the theme parks being run by The Walt Disney Company (NYSE:DIS) or Six Flags Entertainment Corp. (NYSE:SIX)? As it turns out, you're not alone. While Six Flags Entertainment may be the king of the roller coaster wars (in quantity, with some good quality in the mix too) and Disney Land and Disney World are of course two of the most-polished and charming amusement parks in the world, in a world that's increasingly digital and a culture that's increasingly loves being spooked and mystified, DIS and SIX may be missing the proverbial boat. It's an up-and-coming theme park like the one(s) being designed by Independent Film Development Corporation (OTCMKTS:IFLM) - aka IndyFilmCorp - that's poised to hit the new consumer nail on the head.
Best Logistics Stocks To Invest In 2014: JTH Holding Inc (TAX)
JTH Holding, Inc. (JTH Holding), incorporated in September 2010, is a holding company engaged through its subsidiaries as a franchisor and operator of a system of income tax preparation offices located in the United States and Canada. The Company is a retail preparer of individual tax returns. JTH Holding's principal operations are conducted through its subsidiary, JTH Tax, Inc. (JTH Tax). Through this system of income tax preparation offices, JTH Holding also facilitates to its customer refund-based tax settlement financial products, such as refund anticipation loans, electronic refund checks, and personal income tax refund discounting. On September 30, 2010, JTH Tax entered into an Agreement of Merger and Plan of Reorganization with JTH Holding. At the closing of the merger on September 30, 2010, JTH Tax merged with and became a wholly owned subsidiary of JTH Holding.
As of September 2, 2011 (fiscal 2011), the Company had 3,900 tax offices and the number of United States tax returns prepared in its offices is approximately 1.7 million. The Company provides its customers with value-added federal and state tax preparation services and related financial products both in retail offices and online. During fiscal 2011, the Company and its franchisees operated 3,590 offices in the United States in tax season. Approximately 63% of its revenue for fiscal 2011 was derived from franchise fees, royalties and advertising fees. During fiscal 2011, during tax season its online customers prepared approximately 98,000 tax returns using its online tax offering, eSmartTax.
The Company earns franchisee fees from its franchisees and advertisements (Ads). The Company offers its franchisees structures and financing options for franchise fees and royalty payments. The Company earns royalty revenue from its franchisees. Its franchise agreement requires franchisees to pay the Company a base royalty equal to 14% of the franchisee's tax preparation revenue, subject to certain specified minimums. Fran! chisees acquiring territories under its no franchise fee alternative will be required to pay it franchise royalties of 25% through their first five tax seasons, and thereafter 14% of their tax preparation revenue. The Company earns advertising fee revenue from its franchisees. Its franchise agreement requires all franchisees to pay the Company an advertising fee of 5% of the franchisee's tax preparation revenue.
The Company offers two types of financial products: refund transfer products, such as electronic refund checks (ERCs), which involve providing a means by which a customer may receive his or her refund, and refund-based loans, such as refund anticipation loans (RALs) and instant cash advances (ICAs). The Company earns fees from the use of these financial products. The Company also earns tax preparation revenue directly from both the operation of company-owned offices and the provision of tax preparation services through its eSmartTax online product.
Advisors' Opinion:- [By John Udovich]
April 15th is tax day and tax preparer stocks like small cap�JTH Holding Inc (NASDAQ: TAX), mid cap�H & R Block Inc (NYSE: HRB) and large cap�Intuit Inc (NASDAQ: INTU) help millions of Americans to figure out just how much they owe to ��ig brother.��But which of these tax preparation stocks is the best investment for investors looking for a way to offset that tax bite? First, here is a quick overview of�each tax preparer:
Best Logistics Stocks To Invest In 2014: EXFO Inc (EXFO)
EXFO Inc. provides next-generation test and service assurance solutions for wireline and wireless network operators and equipment manufacturers in the global telecommunications industry. It offers field-test platforms, including FTB-1 platform, a single-slot modular platform to fiber-optic, copper, Ethernet, fiber-to-the-home, and multiservice testing applications; FTB-200 compact platform, which include singlemode and multimode optical time-domain reflectometers, automated optical loss test sets, SONET/SDH analyzers up to 10 Gbit/s, and gigabit Ethernet and 10 gigabit Ethernet testers; and FTB-500 platform for datacom testing, OTDR analysis, optical loss, and Ethernet testing. The company also provides wireless test equipment comprising 2G, 3G, and 4G/LTE protocol analyzers that allow engineers to troubleshoot networks in order to find the source of errors and fix them. In addition, it offers wireline/wireless service assurance systems, including Brix System that delivers end-to-end quality of service and experience visibility, as well as real-time Internet protocol service monitoring and verification for next-generation networks. Further, EXFO Inc. provides IQS-600 platform to run various 100 optical test modules using a single controller unit; high-performance test modules; PSO-200 optical modulation analyzer; protocol analyzers for use in protocol analysis to verify correct network behavior; network simulators for regression and load testing applications; and mobile communications intelligence tools for police, armed forces, and other governmental organizations to fight organized crime and terrorists. The company sells its products through its direct sales force, sales representatives, and distributors. EXFO Inc. was founded in 1985 and is headquartered in Quebec, Canada.
Advisors' Opinion:- [By Monica Gerson]
EXFO (NASDAQ: EXFO) is expected to post its Q4 earnings at $0.05 per share on revenue of $60.94 million.
Yum! Brands (NYSE: YUM) is estimated to post its Q3 earnings at $0.93 per share on revenue of $3.53 billion.
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