Asian stocks swung between gains and losses as health care companies rose while materials producers fell. Japanese shares climbed as the yen weakened.
BHP Billiton Ltd., the world�� biggest mining company, fell 1 percent in Sydney as it headed for its lowest close since July 22. Alfresa Holdings Corp. gained 3.7 percent in Tokyo to lead health care stocks higher. Mazda Motor Corp., which gets 30 percent of sales in North America, added 2.9 percent as the yen slid for a third day on optimism the U.S. government will avoid default.
The MSCI Asia Pacific Index rose 0.1 percent to 139.16 as of 10:32 a.m. in Tokyo after falling as much as 0.2 percent. U.S. House Republican and Senate Democratic leaders are open to a short-term increase in the debt limit, said congressional aides of both parties who spoke on condition of anonymity.
��he market obviously is expecting the gridlock to be resolved,��said Donald Williams, Sydney-based chief investment officer at Platypus Asset Management Ltd., which oversees about A$1.6 billion ($1.5 billion). ��ut having said that, I think the market is uncertain until this is resolved, and so we��e got choppy trading conditions ahead for the next week or so.��
Best Japanese Companies To Own In Right Now: Big 5 Sporting Goods Corporation(BGFV)
Big 5 Sporting Goods Corporation, together with its subsidiaries, operates as a sporting goods retailer in the western United States. The company offers athletic shoes, apparel, and accessories, as well as a selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, snowboarding, and roller sports. It also provides various private label merchandise, including shoes, apparel, binoculars, camping equipment, fishing supplies, and snow sport equipment. The company sells private label merchandise under its owned labels comprising Court Casuals, Golden Bear, Harsh, Pacifica, Rugged Exposure, and Triple Nickel; and licensed trademarks, including Avet, Body Glove, Fila, GoFit, Hi-Tec, Maui & Sons, Morrow, and Realm and The Realm. As of February 28, 2012, it operated 406 stores in 12 states under the Big 5 Sporting Goods name. The company was founded in 1955 and is headquartered in El Segundo, California.Advisors' Opinion:
- [By John Udovich]
Last Thursday, outdoor sporting goods retailer Sportsman's Warehouse Holdings Inc (NASDAQ: SPWH) had an IPO that was priced�below expectations, meaning its worth taking a closer look at the stock along with the performance of peers like mid cap Cabelas Inc (NYSE: CAB) and Dicks Sporting Goods Inc (NYSE: DKS) and small cap Big 5 Sporting Goods Corporation (NASDAQ: BGFV).
- [By Seth Jayson]
Calling all cash flows
When you are trying to buy the market's best stocks, it's worth checking up on your companies' free cash flow once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That's what we do with this series. Today, we're checking in on Big 5 Sporting Goods (Nasdaq: BGFV ) , whose recent revenue and earnings are plotted below.
Best Japanese Companies To Own In Right Now: Valassis Communications Inc.(VCI)
Valassis Communications, Inc., together with its subsidiaries, operates as a media and marketing services company primarily in the United States and Europe. Its Shared Mail segment combines the individual print advertisements of various clients into a single shared mail package and distributes the shared mail advertising products to approximately 70 million U.S. households primarily on a weekly basis through the United States Postal Service (USPS). This segment also offers solo mail and other products and services, including list procurement, addressing, processing, and the distribution of brochures and circulars; ancillary services, such as list rentals; and direct mail advertising solutions for local neighborhood businesses. It primarily serves grocers, restaurants, drug stores, discount and department stores, home furnishing stores, and other retailers. The company?s Neighborhood Targeted segment is involved in the print and media placement of traditional free-standing solo insert formats and specialty print promotion products; offers newspaper-delivered or direct-to-door sampling products that give manufacturers the ability to cover approximately 60 million households; and helps clients to run their promotional advertising directly on the pages of newspapers by brokering advertising space. The company?s Free-standing Inserts segment prints and distributes four-color booklets containing promotions, primarily coupons from multiple clients through newspapers and shared mails. Its International, Digital Media, and Services segment provides coupon clearing, analytical promotion information management products, and marketing services for retailers and consumer-packaged goods manufacturers; and promotion security and consulting services, as well as produces direct-mail programs based on multiple data sources, including frequent shopper card data. Valassis Communications, Inc. was founded in 1970 and is headquartered in Livonia, Michigan.Advisors' Opinion:
- [By Alex Planes]
What: Shares of Valassis Communications (NYSE: VCI ) crashed by nearly 15% this morning but have since clawed their way back to a loss of about 8%, on a double whiff on first-quarter earnings and an underwhelming set of forward guidance.
Hot Integrated Utility Stocks To Buy Right Now: On Track Innovations Ltd (OTIV)On Track Innovations Ltd. (OTI) designs, develops and markets solutions based on its secure contactless microprocessor-based smart card technology to address the needs of a range of markets. The Company�� products combine the benefits of both microprocessors and contactless cards. In addition to contactless microprocessor-based smart cards, it also sells products that are based on other card technologies. The Company has focused on the development of its technologies and its products based on its technological platform that consists of smart cards, smart card readers, software tools and secure communication technology. As of December 31, 2012, it offers three lines of solutions, each of which constitutes a complete system, as well as components (such as smart cards and readers) that we sell to original equipment manufacturers (OEMs), for incorporation into their own products. OTI�� three vertical markets include Payment Solutions, Petroleum Systems and SmartID Solutions. Advisors' Opinion:
- [By Roberto Pedone]
One under-$10 technology player that's starting to trend within range of triggering a major breakout trade is On Track Innovations (OTIV), which designs, develops and markets contactless microprocessor-based smart card solutions to customers in Africa, Europe, the Far East, the Americas and Israel. This stock has been red hot over the last three months, with shares up a whopping 134%.
If you take a look at the chart for On Track Innovations, you'll notice that this stock has been trending sideways and consolidating over the last month and change, with shares moving between $2.70 on the downside and $3.74 on the upside. Shares of OTIV have now started to spike higher off some near-term support at $3 a share and it's quickly moving within range of triggering a major breakout trade above the upper-end of its recent sideways trading chart pattern.
Traders should now look for long-biased trades in OTIV if it manages to break out above its 52-week high at $3.74 a share with high volume. Look for a sustained move or close above that level with volume that hits near or above its three-month average volume of 626,538 shares. If that breakout triggers soon, then OTIV will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $4.50 to $5.50 a share.
Traders can look to buy OTIV off weakness to anticipate that breakout and simply use a stop that sits just below some key near-term support levels at $3.20 or at $3 a share. One can also buy OTIV off strength once it starts to clear its 52-week high at $3.74 a share with volume and then simply use a stop that sits a comfortable percentage from your entry point.
- [By Markman Advisors]
Public companies leveraging their patent portfolios, (aka "patent plays"), are getting the market's attention. Companies such as Vringo (VRNG), ParkerVision (PRKR), MGT Capital (MGT), Worlds Inc. (WDDD.OB) and others have presented trading opportunities due to their volatility while retaining the chance for a big payoff to those investors who stay the course. Yet there exist viable patent plays that are still undiscovered. Some of these so called "plays," which are not getting enough attention, are actually real companies making and selling real products or services in contrast to pure patent monetization companies. Some known examples are Single Touch Interactive (SITO.OB) and Blue Calypso (BCYP.OB). This article is focused on another one of these patent plays, On Track Innovations Ltd. (OTIV).
Best Japanese Companies To Own In Right Now: Fusion-io Inc (FIO)
Fusion-io Inc (Fusion) is a provider of datacenter solutions that accelerate databases, virtualization, cloud computing, big data, and the applications that help drive business from the smallest e-tailers to some of the largest data centers, social media leaders, and Fortune Global 500 businesses. The Company's integrated hardware and software platform enables the decentralization of data from legacy architectures and specialized hardware. The Company sells its solutions through a global direct sales force, original equipment manufacturers, or OEMs, including Cisco, Dell, HP, and IBM, and other channel partners. In August 2011, the Company acquired IO Turbine, Inc.,. Effective March 18, 2013, the Company acquired ID7.
Fusion-io's ioMemory hardware is a sub-system connecting a large array of industry-standard NAND Flash memory through the Company's data-path controller and its virtual storage layer, or VSL, software to create a high capacity memory tier that natively attaches to a server's PCI-Express peripheral bus (PCIe).
The Company's portfolio of storage memory products incorporates the Company's ioMemory hardware combined with its virtual storage layer (VSL) and caching software into its family of ioDrive, ioFX, and ioCache enterprise grade products. The Company's ioDrive products work in conjunction with the Company's directCache data-tiering software, ioTurbine virtualization software, ioSphere management system, and ION Data Accelerator software. The Company's latest ioDrive, ioFX, and ioCache product families are a line of PCIe standard form-factor storage memory platforms that combine one or more ioMemory sub-systems with the Company's VSL software.
The Company's directCache software extends the Company's ioMemory based platforms and permits interoperability with traditional direct-attached, network-attached, storage area network attached, and appliance attached backend storage systems. The Company's ioTurbine virtualization software extends the Company! 's ioMemory platform and permits host-based data acceleration to specifically address the demand for high-density, high-performance server, and desktop virtualization.
ioSphere is a suite of management software purpose-built for the Company's storage memory infrastructure and designed around its application acceleration platform. ioSphere software is accessible through a graphical user interface that enables datacenter administrators to centrally configure, monitor, manage, and tune all distributed ioMemory devices throughout the datacenter. In addition, this software offers real-time, predictive, and historical reporting of ioMemory's performance and wear.
The Company's ION Data Accelerator software transforms server platforms into application acceleration appliances that share Fusion ioMemory across applications. ION Data Accelerator delivers Fusion-io performance on open server platforms with software-defined storage, or SDS, for applications such as Oracle RAC, Microsoft SQL Server, MySQL, and SAP HANA, along with other applications where shared storage aids deployment. The Company's original equipment manufacturer�� (OEMs), including Cisco, Dell, HP, and IBM, sell branded storage memory solutions based on the Company's standard products as well as custom form-factor versions to fit specific applications.
The Company competes with EMC Corporation, Hewlett-Packard Development Company, L.P, Texas Memory Systems, Oracle, Adaptec, Inc., LSI Corporation, Sandisk, Corp, IBM, CA, Inc, Nagios Enterprises, LLC., Hitachi Data, Huawei Technologies, Co., Intel Corp., LSI Corporation, Marvell Semiconductor, Inc., Micron Technology, Inc., OCZ Technology Group, Inc., Samsung Electronics, Inc., SanDisk, Corp., Seagate Technology, STEC, Inc., Toshiba Corp., and Western Digital Corp.Advisors' Opinion:
- [By Roberto Pedone]
Another technology player that looks ready to trigger a big breakout trade is Fusion-IO (FIO), which is a provider of data-centric computing solutions. This stock has been hammered by the bears so far in 2013, with shares off by 38%.
If you take a look at the chart for Fusion-IO, you'll notice that this stock has been uptrending modestly over the last month, with shares moving higher from its low of $13.05 to its recent high of $14.78 a share. During that uptrend, shares of FIO have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of FIO within range of triggering a big breakout trade.
Traders should now look for long-biased trades in FIO if it manages to break out above some near-term overhead resistance levels at $14.40 to $14.90 a share, and then once it takes out its 200-day moving average at $15.22 a share to more resistance at $15.50 to $16 with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average action of 3.69 million shares. If that breakout hits soon, then FIO will set up to re-fill some of its previous gap down zone from May that started near $19 a share. Shares of FIO could even tag $20 to $22 if that gap gets filled with strong upside volume flows.
Traders can look to buy FIO off any weakness to anticipate that breakout and simply use a stop that sits right below some near-term support levels at $13.55 to $13 a share. One could also buy FIO off strength once it takes out those breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point.
- [By Tim Beyers]
Fusion-io (NYSE: FIO ) also rallied more than 20% after crushing revenue and profit targets. More importantly, CFO Dennis Wolf says customers are once more increasing order sizes.
- [By Lisa Levin]
Fusion-io (NYSE: FIO) shares jumped 14.75% to $10.81 on stronger-than-expected quarterly results.
Posted-In: market moversNews Intraday Update Markets Movers
- [By Paul Ausick]
Big Earnings Movers: AT&T Inc. (NYSE: T) is down 1.9% at $34.62 on earnings that were good but not great. Symantec Inc. (NASDAQ: SYMC) is down 12.8% at $21.48 on lagging revenues and a weak outlook. Fusion-io Inc. (NYSE: FIO) is down 24.4% at $9.81 on soft results. Goldcorp Inc. (NYSE: GG) is up 4% at $26.62 after reporting earnings this morning. Xerox Corp. (NYSE: XRX) is down 10.4% at $9.61 on a weak outlook tied to a failing turnaround plan.
Best Japanese Companies To Own In Right Now: Walgreen Co (WAG)
Walgreen Co. (Walgreens), incorporated on February 15, 1909, together with its subsidiaries, operates the drugstore chain in the United States. The Company provides its customers with access to consumer goods and services, pharmacy, and health and wellness services in communities across America. The Company offers its products and services through drugstores, as well as through mails, by telephone and online. The Company sells prescription and non-prescription drugs, as well as general merchandises, including household items, convenience and fresh foods, personal care, beauty care, photofinishing and candy. On August 2, 2012, it acquired 45% interest in Alliance Boots GmbH (Alliance Boots). In September 2012, the Company completed the purchase of a regional drugstore chain in the mid-South region of the United States that included 144 stores operated under the USA Drug, Super D Drug, May��, Med-X and Drug Warehouse names. In September 2012, WP Carey & Co LLC acquired five retail stores leased to Walgreen Co. In December 2012, the Company completed a transaction giving company a ownership stake in Cystic Fibrosis Foundation Pharmacy LLC.
The Company's pharmacy, health and wellness services include retail, specialty, infusion and respiratory services, mail service, convenient care clinics and worksite health and wellness centers. These services help improve health outcomes and manage costs for payers including employers, managed care organizations, health systems, pharmacy benefit managers and the public sector. The Company's Take Care Health Systems subsidiary is a manager of worksite health and wellness centers and in-store convenient care clinics, with more than 700 locations throughout the United States.
As of August 31, 2012, Walgreens operated 8,385 locations in 50 states, the District of Columbia, Guam and Puerto Rico. In 2012, the Company opened or acquired 266 locations for a net increase of 175 locations after relocations and closings. As of August 31, 2012, the Com! pany had 7,930 of Drugstores, 366 of Worksite Health and Wellness Centers, 76 of Infusion and Respiratory Services Facilities, 11 of Specialty Pharmacies and two of Mail Service Facilities. The Company's drugstores are engaged in the retail sale of prescription and non-prescription drugs and general merchandise. General merchandise includes, among other things, household items, convenience and fresh foods, personal care, beauty care, photofinishing and candy.
The Company offers specialty pharmacy services that provide customers nationwide access to a variety of medications, services and programs for managing complex and chronic health conditions. In addition, the Company offers its customers infusion therapy services, including the administration of intravenous (IV) medications for cancer treatments, chronic pain, heart failure, and other infections and disorders which must be treated by IV. Walgreens provides these infusion services at home, at the workplace, in a physician's office or at a Walgreens alternate treatment site. The Company also provides clinical services, such as laboratory monitoring, medication profile review, nutritional assessments and patient and caregiver education.
Customers can also access the Company's e-commerce solutions, which extend the convenience to purchase most products available within its drugstores, as well as additional products sold exclusively online through its walgreens.com and drugstore.com Websites, including beauty.com and visiondirect.com. The Company's Websites allow consumers to purchase general merchandise including beauty, personal care, home medical equipment, contact lenses, vitamins and supplements and other health and wellness solutions. The Company's mobile applications also allow customers to refill prescriptions through their mobile device, download weekly promotions and find the nearest Walgreens drugstore. The Company also offers services through Take Care Health Systems, which manages its Take Care Clinics at select Wa! lgreens d! rugstores throughout the country.
Alliance Boots is a pharmacy-led health and beauty retailing and pharmaceutical wholesaling and distribution business. As of March 31, 2012, its fiscal year end, Alliance Boots had, together with its associates and joint ventures, pharmacy-led health and beauty retail businesses in 11 countries and operated more than 3,330 health and beauty retail stores, of which over 3,200 had a pharmacy. In addition, Alliance Boots had approximately 625 optical practices, approximately 185 of which operated on a franchise basis. Its pharmaceutical wholesale and distribution businesses, including its associates and joint ventures, supplied medicines, other healthcare products and related services to more than 170,000 pharmacies, doctors, health centers and hospitals from over 370 distribution centers in 21 countries.
Alliance Boots�� stores located in the United Kingdom, Norway, the Republic of Ireland, the Netherlands, Thailand and Lithuania and through its associates and joint ventures in Switzerland, China, Italy, Russia and Croatia. In addition, as of March 31, 2012, there were 58 Boots stores operated in the Middle East on a franchised basis. In its Health & Beauty Division, Alliance Boots has product brands such as No7, Soltan and Botanics, together with other brands, such as Boots Pharmaceuticals and Boots Laboratories. Through its Pharmaceutical Wholesale Division and several of its associates, Alliance Boots sells Almus, its line of generic medicines, in five countries and Alvita, its line of patient care products, in six countries.Advisors' Opinion:
- [By Keith Speights]
Good news for Obamacare has been rarer than an igloo in the Sahara desert over the last few months. However, Walgreen (NYSE: WAG ) and the Blue Cross Blue Shield Association, or BCBSA, announced a partnership today that delivered at least a little bit of good news for the Patient Protection and Affordable Care Act, particularly for the health insurance exchanges authorized by the legislation.
Best Japanese Companies To Own In Right Now: Market Vectors Global Alternative Energy ETF (GEX)
Market Vectors-Global Alternative Energy ETF (the Fund) seeks to replicate as closely as possible the price and yield performance of the Ardour Global Index (Extra Liquid) (the Index). The Index, published by Ardour Global Indexes, LLC and calculated by Dow Jones Indexes, is a benchmark for the global alternative energy industry. The Index is a rules-based index that seeks to track the overall performance of a global universe of listed companies engaged in the alternative energy industry. As of April 2007, the Index consisted of publicly traded stocks of 30 of the largest, most actively traded alternative energy companies from worldwide. Companies included in the Index generate over 50% of their revenues from alternative energy and/or related technologies, and are engaged in five core industry sectors: alternative energy resources (solar, wind, bio-fuels, water and geothermal), which constitute approximately 70% of the Index; distributed generation, which constitutes approximately 3% of the Index; environmental technologies related to alternative energy, which constitutes approximately 9% of the Index; energy efficiency, which constitutes approximately 4% of the Index, and enabling technologies, which constitutes approximately 14% of the Index.
The Index consists of the 30 stocks in the Ardour Global Index (Composite) with the highest average of daily trading volume and market capitalization. The Ardour Global Index (Composite) is a modified capitalization-weighted, float-adjusted index comprising publicly traded companies engaged in the production of alternative fuels and/or technologies related to the production of alternative energy power. The Fund will normally invest at least 80% of its total assets in stocks of companies primarily engaged in the business of alternative energy. The Fund, utilizing a passive or indexing investment approach, attempts to approximate the investment performance of the Index by investing in a portfolio of securities that generally replicate the Index. The ! Fund will hold all of the securities, which comprise the Index in proportion to their weightings in the Index. The Fund will normally invest at least 95% of its total assets in securities that comprise the Index. Van Eck Associates Corporation serves as the investment advisor of the Fund.Advisors' Opinion:
- [By Todd Shriber, ETF Professor]
The news was predictably good for a pair of ETFs that should be known as "Tesla ETFs." The Market Vectors Global Alternatve Energy ETF (NYSE: GEX) and the First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ: QCLN) both traded higher on a down day for U.S. stocks, rising to within pennies of their previous 52-week highs.