Mid-Day Market Movers are notable US/Cdn. stocks based on high volume, price action, breakout chart trends and news - posted throughout the day live at the top of InvestorsGuru.com . Below recaps last week's movers, prices as posted, week high price Wk-H:, and recent news. Submit any ticker symbol to our Detailed Quote Portal (top-left of all pages) for quotes, java charts, research and news, or to comment/share.
NYSE
(NYSE: YGE) Yingli Green Energy Holding Company Limited $2.19 $2.25 $3.67 $3.69 Wk-H: $3.79
- large vertically integrated photovoltaic manufacturer, to Expand Its Footprint into Malaysia Residential Market
(NYSE: SOL) ReneSola Ltd. $2.80 $2.48 Wk-H: $2.55
- a leading brand and technology provider of solar photovoltaic ("PV") products, Micro Replus Inverters Certified for Sale in Several Countries
(NYSE: RKUS) Ruckus Wireless Inc. $13.70 Wk-H: $13.80
- global supplier of advanced wireless systems for rapidly expanding mobile Internet market, Swedish Hockey Fans Getting their Smart Wi-Fi
(NYSE: ELX) Emulex Corporation $7.60 Wk-H: $8.99
- a leader in network connectivity, monitoring and mgmt., Gen 5 HBAs Power New Infortrend 16Gb Fibre Channel EonStor DS Storage Solutions
NYSE MKT AMEX
(AMEX: ONP) Orient Paper Inc. $1.97 Wk-H: $2.37
- a leading manufacturer and distributor of diversified paper products in North China, SEC Closes Investigation With No Enforcement Action
(AMEX: BMJ) Birks & Mayors Inc. $1.34 Wk-H: $1.40
- 52 luxury jewelry stores across Canada, Florida & Georgia, Reports Improved Fiscal 2013 Financial Results; new retail concept stores to open
NASDAQ
(NASDAQ: GRPN) Groupon Inc. $5.00 $6.23 $7.73 $9.13 Wk-H: $9.43
- global leader in local commerce at unbeatable prices, Expands Premium Groupon Reserve: finest things to eat, see, do & buy up to 40% off
(NASDAQ: CLNT) Cleantech Solutions International Inc. $4.43 $5.31 $8.73 $6.45 Wk-H: $7.60
- makes metal components/assemblies for wind power, solar, dyeing, Guidance; Raises $1.8M @$4.50/sh.; $2M New Orders; Receives Patents
(NASDAQ: GLUU) Glu Mobile Inc. $2.92 $3.66 $2.58 Wk-H: $2.68
- a leading developer/publisher of free-to-play games for smartphone and tablets, Blast Away Thugs & Thieves in Glu Mobile's Tons of Guns
(NASDAQ: LGND) Ligand Pharmaceuticals Incorporated $35.72 $40.32 Wk-H: $44.68
- focused on various diseases & royalty revenues under lean costs, Positive Preclinical Data for Glucagon Program in Model of Type 1 Diabetes
(NASDAQ: CLDX) Celldex Therapeutics Inc. $12.04 $18.16 Wk-H: $21.42
- develops therapeutics against devastating diseases with a pipeline of cancer drug candidates, Initiates Pilot Study in Dense Deposit Disease
(NASDAQ: PRAN) Prana Biotechnology Limited $2.82 Wk-H: $2.97
- commercialises research into age-related neurodegenerative disorders, Approval for 12-Month Open-Label Ext. Study Alzheimer's Disease
OTCBB
(OTCBB: CRRS) Corporate Resource Services Inc. $2.24 Wk-H: $2.30
- staff/recruit/consulting firm, Acq. Expands Midwest; NFL Hall of Famer Dan Marino Joins; Lands DE RPA Contract; First Q1 Profits, Grows 34%
TSX (quote T. and ticker symbol)
(TSX: TRZ.B)(TSX: TRZ.A) Transat A.T. Inc. $8.24 Wk-H: $8.80
- one of the world's largest integrated tour co's, Canada's holiday travel leader, Q2 Results, Sig. winter improvement, profits expected this year
(TSX: RVX)(OTCPK: RVXCF) Resverlogix Corp. $0.54 Wk-H: $1.05
- clinical stage cardiovascular co., Conf. Call & Webcast; Trade Resumes; Reports Top-Line Results ASSURE Clinical Trial; completes spin-out
TSX Venture (quote V. and ticker symbol)
(TSXV: ZEN) Zenyatta Ventures Ltd. $1.46 $1.51 $1.49 $1.78 $2.10 $1.85 $1.99 $2.10 $2.43 $2.67 $3.16 Wk-H: $3.28
- 100% owned Albany Hydrothermal Graphite Deposit, Drilling Intersects Wide Zones of Graphite on East Pipe; Drill Now Mobilizes to West Pipe
(TSXV: FCU)(OTCQX: FCUUF) Fission Uranium Corp. $0.69 $0.80 $0.73 Wk-H: $0.74
- with 50% JV partner V.AMW Alpha Minerals, Starting $6.95M Exploration Program at PLS Athabasca Basin Sask, to drill 11k-m over 44 holes
(TSXV: NRN) Northern Shield Resources Inc. $0.295 Wk-H: $0.35
- focused on exploring for platinum (PGE) deposits in Eastern Canada, Prepares to Mobilize to Greenland, Ikertoq nickel project
(TSXV: AQM) AQM Copper Inc. $0.075 Wk-H: $0.09
- focused on copper deposits in Peru and South America, Trading Resumes; Mitsubishi Materials Investment in Zafranal, US$22.6M + $15.07M
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Saturday, July 6, 2013
Sunday, June 30, 2013
InvestorsGuru.com 32 Filtered Mid-Day Market Movers Recap
Mid-Day Market Movers are notable US/Cdn. stocks based on high volume, price action, breakout chart trends and news - posted throughout the day live at the top of InvestorsGuru.com . Below recaps last week's movers, prices as posted, week high price Wk-H:, and recent news. Submit any ticker symbol to our Detailed Quote Portal (top-left of all pages) for quotes, java charts, research and news, or to comment/share.
NYSE
(NYSE: TVL) LIN TV Corp. $11.43 $13.55 $16.53 Wk-H: $16.64
- local multimedia co. with 43 TV stations, 7 digital channels, in 23 markets, Minority Scholarship & Training Program
(NYSE: CQB) Chiquita Brands International Inc. $7.83 $10.95 Wk-H: $11.19
- markets/dist.'s bananas, salad blends, fruit snacks, $3B+/yr rev's, 20K employees in 70 countries, Partners with Universal's Despicable Me 2
(NYSE: OXF) Oxford Resource Partners $2.55 Wk-H: $2.98
- low-cost producer of high-value steam coal in N. Appalachia & Illinois Basin, Successfully Completes Refinance $175M New Credit Facilities
(NYSE: MUX)(TSX: MUX) McEwen Mining Inc. $1.88 Wk-H: $1.95
- Central Zone Continues to Expand El Gallo 1 Mine, Reg. Drilling Delivers High Silver Grades Over Good Widths, New Resource Update Pending
(NYSE: STP) Suntech Power Holdings Co. Ltd. $1.06 Wk-H: $1.09
- gigawatt-scale solar products manufacturing worldwide, New Forbearance Agreement; European Subsidiary Granted Definitive Moratorium
NYSE MKT AMEX
(AMEX: SAND)(TSX: SSL) Sandstorm Gold Ltd. $0.63 $1.72 $1.99 $5.73 Wk-H: $6.16
- gold streaming co., upfront financing for miners in return for the right to purchase a percentage of a mine's production at a fixed price
(AMEX: INO) Inovio Pharmaceuticals Inc. $0.53 $0.75 $0.65 $0.74 Wk-H: $0.80
- focused on vaccines against cancers and challenging infectious diseases, June 27 to Present at OneMedForumNY 2013 Investor Conference
(AMEX: MEET) MeetMe Inc. $2.63 $1.63 Wk-H: $1.91
- a social discovery leader via games and apps, Expects Q2 Revenue of Approx. $9.0M
(AMEX: GHM) Graham Corporation $28.90 Wk-H: $31.41
- makes critical equipment for oil refining, petrochemical and nuclear power facilities, Record Revenue Fiscal 2013; Declares Qtrly Cash Div
(AMEX: BXE)(TSX: BXE) Bellatrix Exploration Ltd. $5.74 Wk-H: $6.15
- O&G co. focused in Alta, B.C. and Sask., closes $122M JV in Notikewin/Falher in Willesden Green area and in Cardium in the Brazeau area
(AMEX: URG)(TSX: URE) Ur-Energy Inc. $1.24 Wk-H: $1.34
- constructing its first ISR uranium mine in S-C Wyoming at its fully licensed and permitted Lost Creek project, Closes US$20M Loan Facility
(AMEX: GSS)(TSX: GSC) Golden Star Resources Ltd. $0.50 Wk-H: $0.55
- Bogoso/Prestea and Wassa/HBB open-pit gold mines in Ghana, Cost Reductions Update re: Mine Plan Re-Optimization & Capital Reallocation
NASDAQ
(NASDAQ: ABFS) Arkansas Best Corporation $14.58 $22.41 Wk-H: $23.45
- freight transportation services and solutions provider, Teamster Employees Ratify Five-Year National Labor Agreement
(NASDAQ: PWRD) Perfect World Co. Ltd. $14.70 $17.53 Wk-H: $17.76
- a leading North American online games publisher, Neverwinter Now Live, 1.5M Players in Free Action MMORPG from Cryptic & Perfect World
(NASDAQ: CBMX) CombiMatrix Corporation $6.30 $3.91 Wk-H: $4.60
- molecular diagnostics via DNA-based tests, Granted Cond. Approval NY State Dept. of Health to Market Prenatal Miscarriage Analysis Test
(NASDAQ: BLDP)(TSX: BLD) Ballard Power Systems Inc. $1.36 $1.83 Wk-H: $1.90
- S. African Gov't Supports Ballard & Anglo American Platinum Fuel Cell Systems Deploy.; Launches Next-Gen for Telecom Backup Power Needs
(NASDAQ: WWWW) Web.com Group Inc. $24.40 Wk-H: $26.04
- provides Internet services and online marketing solutions, Incorporates MasterPass Checkout Services
(NASDAQ: CSIQ) Canadian Solar Inc. $10.13 Wk-H: $11.61
- one of the world's largest solar power co.'s, Samsung Renewable Energy Signs Manufacturing Partnership Agreement
(NASDAQ: RPTP) Raptor Pharmaceutical Corp. $10.05 Wk-H: $10.47
- focused on treating rare, debilitating and often fatal diseases, co.'s PROCYSBI Receives U.S. Orphan Drug Exclusivity
(NASDAQ: GTAT) GT Advanced Technologies Inc. $4.11 Wk-H: $4.23
- diversified tech. co. with innovative crystal growth equipment/solutions for global solar, LED and electronics inds., Files Shelf Reg. Stmt.
(NASDAQ: MLNK) ModusLink Global Solutions Inc. $3.25 Wk-H: $3.33
- supply chain and logistics services to improve clients' revenue, cost, sustainability and customer experience, Q3-2013 Fin. Results June 10
(NASDAQ: AMSC) American Superconductor Corporation $2.65 Wk-H: $2.71
- global solutions provider serving wind and power grid industry leaders, China's Sinovel Indicted in the U.S. for Stealing AMSC Trade Secrets
(NASDAQ: TWER) Towerstream Corporation $2.53 Wk-H: $2.64
- a leading 4G and Small Cell Rooftop Tower co., Recognized as First Operator to Receive Wireless Broadband Alliance (WBA) ICP Certification
(NASDAQ: EMMS) Emmis Communications Corporation $2.07 Wk-H: $2.49
- 10th largest radio station portfolio in the U.S. based on total listeners, Q1 Revenue Growth Accelerates, pro forma radio revenues up 7%
OTCBB
(OTCBB: NVIV) InVivo Therapeutics Holdings Corp. $3.18 $4.18 Wk-H: $4.45
- technology to treat spinal cord injuries, CEO to Appear on Fox News' Tech Take; Raises $16.1M from Warrant Call Paving Way for Up-Listing
(OTCBB: SCRC) ScripsAmerica Inc. $0.41 Wk-H: $0.47
- supplier of prescription and OTC drugs, Seeks to Build on Asian Expansion, Sales & Dist. Channels Will Be Key to RapiMed's Success in China
TSX (quote T. and ticker symbol)
(TSX: LSG)(AMEX: LSG) Lake Shore Gold Corp. $0.25 Wk-H: $0.33
- 3 wholly-owned multi-million-oz Timmins gold mines, Improving Op. Performance, on Track for Strong Q2 & Net Free Cash Flow by Late '13
TSX Venture (quote V. and ticker symbol)
(TSXV: ZEN) Zenyatta Ventures Ltd. $1.46 $1.51 $1.49 $1.78 $2.10 $1.85 $1.99 $2.10 $2.43 $2.67 Wk-H: $3.12
- 100% owned Albany Hydrothermal Graphite Deposit, Warrant Exercise Yields Approx. $12.6M; Engages RPA to Prepare 43-101 Resource Est.
(TSXV: AUN) Aurcana Corporation $0.82 $1.37 Wk-H: $1.75
- primary silver producer with two producing mines: La Negra Mine in Mexico and Shafter Mine in Texas USA, Announces $50M Loan Facility
(TSXV: RGX) Argex Titanium Inc. $0.415 $1.02 Wk-H: $1.11
- near-term producer of Titanium Dioxide (TiO2), Trading Resumption; Enters into long-term supply agreement with PPG Inds. (NYSE: PPG)
(TSXV: PTA) Petroamerica Oil Corp. $0.265 $0.255 Wk-H: $0.26
- junior O&G co. exploring Colombia's Llanos Basin with 5K-BOPD prod., Announces Start of Appraisal Drilling with Spud of La Casona-2 Well
(TSXV: XX) Avante Logixx Inc. $0.105 Wk-H: $0.105
- monitoring, response, video analytics & other security services for homes & businesses, March Year End Revenues +22%, Gross Profit +38%
Sign-up at InvestorsGuru.com (or blog.InvestorsGuru.com) for our Small Cap Stock Observer newsletter, and to set-up your own My Portfolio, My Watchlist & Alerts and News by Email preferences, or quote to comment at our AnyTicker.com Bulletin Boards. Free!
Please note that nothing in this report should be taken as a recommendation in any way, and that everything from InvestorsGuru.com is subject to the terms of our Privacy Policy and Disclaimer.
NYSE
(NYSE: TVL) LIN TV Corp. $11.43 $13.55 $16.53 Wk-H: $16.64
- local multimedia co. with 43 TV stations, 7 digital channels, in 23 markets, Minority Scholarship & Training Program
(NYSE: CQB) Chiquita Brands International Inc. $7.83 $10.95 Wk-H: $11.19
- markets/dist.'s bananas, salad blends, fruit snacks, $3B+/yr rev's, 20K employees in 70 countries, Partners with Universal's Despicable Me 2
(NYSE: OXF) Oxford Resource Partners $2.55 Wk-H: $2.98
- low-cost producer of high-value steam coal in N. Appalachia & Illinois Basin, Successfully Completes Refinance $175M New Credit Facilities
(NYSE: MUX)(TSX: MUX) McEwen Mining Inc. $1.88 Wk-H: $1.95
- Central Zone Continues to Expand El Gallo 1 Mine, Reg. Drilling Delivers High Silver Grades Over Good Widths, New Resource Update Pending
(NYSE: STP) Suntech Power Holdings Co. Ltd. $1.06 Wk-H: $1.09
- gigawatt-scale solar products manufacturing worldwide, New Forbearance Agreement; European Subsidiary Granted Definitive Moratorium
NYSE MKT AMEX
(AMEX: SAND)(TSX: SSL) Sandstorm Gold Ltd. $0.63 $1.72 $1.99 $5.73 Wk-H: $6.16
- gold streaming co., upfront financing for miners in return for the right to purchase a percentage of a mine's production at a fixed price
(AMEX: INO) Inovio Pharmaceuticals Inc. $0.53 $0.75 $0.65 $0.74 Wk-H: $0.80
- focused on vaccines against cancers and challenging infectious diseases, June 27 to Present at OneMedForumNY 2013 Investor Conference
(AMEX: MEET) MeetMe Inc. $2.63 $1.63 Wk-H: $1.91
- a social discovery leader via games and apps, Expects Q2 Revenue of Approx. $9.0M
(AMEX: GHM) Graham Corporation $28.90 Wk-H: $31.41
- makes critical equipment for oil refining, petrochemical and nuclear power facilities, Record Revenue Fiscal 2013; Declares Qtrly Cash Div
(AMEX: BXE)(TSX: BXE) Bellatrix Exploration Ltd. $5.74 Wk-H: $6.15
- O&G co. focused in Alta, B.C. and Sask., closes $122M JV in Notikewin/Falher in Willesden Green area and in Cardium in the Brazeau area
(AMEX: URG)(TSX: URE) Ur-Energy Inc. $1.24 Wk-H: $1.34
- constructing its first ISR uranium mine in S-C Wyoming at its fully licensed and permitted Lost Creek project, Closes US$20M Loan Facility
(AMEX: GSS)(TSX: GSC) Golden Star Resources Ltd. $0.50 Wk-H: $0.55
- Bogoso/Prestea and Wassa/HBB open-pit gold mines in Ghana, Cost Reductions Update re: Mine Plan Re-Optimization & Capital Reallocation
NASDAQ
(NASDAQ: ABFS) Arkansas Best Corporation $14.58 $22.41 Wk-H: $23.45
- freight transportation services and solutions provider, Teamster Employees Ratify Five-Year National Labor Agreement
(NASDAQ: PWRD) Perfect World Co. Ltd. $14.70 $17.53 Wk-H: $17.76
- a leading North American online games publisher, Neverwinter Now Live, 1.5M Players in Free Action MMORPG from Cryptic & Perfect World
(NASDAQ: CBMX) CombiMatrix Corporation $6.30 $3.91 Wk-H: $4.60
- molecular diagnostics via DNA-based tests, Granted Cond. Approval NY State Dept. of Health to Market Prenatal Miscarriage Analysis Test
(NASDAQ: BLDP)(TSX: BLD) Ballard Power Systems Inc. $1.36 $1.83 Wk-H: $1.90
- S. African Gov't Supports Ballard & Anglo American Platinum Fuel Cell Systems Deploy.; Launches Next-Gen for Telecom Backup Power Needs
(NASDAQ: WWWW) Web.com Group Inc. $24.40 Wk-H: $26.04
- provides Internet services and online marketing solutions, Incorporates MasterPass Checkout Services
(NASDAQ: CSIQ) Canadian Solar Inc. $10.13 Wk-H: $11.61
- one of the world's largest solar power co.'s, Samsung Renewable Energy Signs Manufacturing Partnership Agreement
(NASDAQ: RPTP) Raptor Pharmaceutical Corp. $10.05 Wk-H: $10.47
- focused on treating rare, debilitating and often fatal diseases, co.'s PROCYSBI Receives U.S. Orphan Drug Exclusivity
(NASDAQ: GTAT) GT Advanced Technologies Inc. $4.11 Wk-H: $4.23
- diversified tech. co. with innovative crystal growth equipment/solutions for global solar, LED and electronics inds., Files Shelf Reg. Stmt.
(NASDAQ: MLNK) ModusLink Global Solutions Inc. $3.25 Wk-H: $3.33
- supply chain and logistics services to improve clients' revenue, cost, sustainability and customer experience, Q3-2013 Fin. Results June 10
(NASDAQ: AMSC) American Superconductor Corporation $2.65 Wk-H: $2.71
- global solutions provider serving wind and power grid industry leaders, China's Sinovel Indicted in the U.S. for Stealing AMSC Trade Secrets
(NASDAQ: TWER) Towerstream Corporation $2.53 Wk-H: $2.64
- a leading 4G and Small Cell Rooftop Tower co., Recognized as First Operator to Receive Wireless Broadband Alliance (WBA) ICP Certification
(NASDAQ: EMMS) Emmis Communications Corporation $2.07 Wk-H: $2.49
- 10th largest radio station portfolio in the U.S. based on total listeners, Q1 Revenue Growth Accelerates, pro forma radio revenues up 7%
OTCBB
(OTCBB: NVIV) InVivo Therapeutics Holdings Corp. $3.18 $4.18 Wk-H: $4.45
- technology to treat spinal cord injuries, CEO to Appear on Fox News' Tech Take; Raises $16.1M from Warrant Call Paving Way for Up-Listing
(OTCBB: SCRC) ScripsAmerica Inc. $0.41 Wk-H: $0.47
- supplier of prescription and OTC drugs, Seeks to Build on Asian Expansion, Sales & Dist. Channels Will Be Key to RapiMed's Success in China
TSX (quote T. and ticker symbol)
(TSX: LSG)(AMEX: LSG) Lake Shore Gold Corp. $0.25 Wk-H: $0.33
- 3 wholly-owned multi-million-oz Timmins gold mines, Improving Op. Performance, on Track for Strong Q2 & Net Free Cash Flow by Late '13
TSX Venture (quote V. and ticker symbol)
(TSXV: ZEN) Zenyatta Ventures Ltd. $1.46 $1.51 $1.49 $1.78 $2.10 $1.85 $1.99 $2.10 $2.43 $2.67 Wk-H: $3.12
- 100% owned Albany Hydrothermal Graphite Deposit, Warrant Exercise Yields Approx. $12.6M; Engages RPA to Prepare 43-101 Resource Est.
(TSXV: AUN) Aurcana Corporation $0.82 $1.37 Wk-H: $1.75
- primary silver producer with two producing mines: La Negra Mine in Mexico and Shafter Mine in Texas USA, Announces $50M Loan Facility
(TSXV: RGX) Argex Titanium Inc. $0.415 $1.02 Wk-H: $1.11
- near-term producer of Titanium Dioxide (TiO2), Trading Resumption; Enters into long-term supply agreement with PPG Inds. (NYSE: PPG)
(TSXV: PTA) Petroamerica Oil Corp. $0.265 $0.255 Wk-H: $0.26
- junior O&G co. exploring Colombia's Llanos Basin with 5K-BOPD prod., Announces Start of Appraisal Drilling with Spud of La Casona-2 Well
(TSXV: XX) Avante Logixx Inc. $0.105 Wk-H: $0.105
- monitoring, response, video analytics & other security services for homes & businesses, March Year End Revenues +22%, Gross Profit +38%
Sign-up at InvestorsGuru.com (or blog.InvestorsGuru.com) for our Small Cap Stock Observer newsletter, and to set-up your own My Portfolio, My Watchlist & Alerts and News by Email preferences, or quote to comment at our AnyTicker.com Bulletin Boards. Free!
Please note that nothing in this report should be taken as a recommendation in any way, and that everything from InvestorsGuru.com is subject to the terms of our Privacy Policy and Disclaimer.
Sunday, June 23, 2013
InvestorsGuru.com 31 Filtered Mid-Day Market Movers Recap
Mid-Day Market Movers are notable US/Cdn. stocks based on high volume, price action, breakout chart trends and news - posted throughout the day live at the top of InvestorsGuru.com . Below recaps last week's movers, prices as posted, week high price Wk-H:, and recent news. Submit any ticker symbol to our Detailed Quote Portal (top-left of all pages) for quotes, java charts, research and news, or to comment/share.
NYSE
(NYSE: LEE) Lee Enterprises Inc. $2.00 Wk-H: $2.18
- provides local news, info. and ads in 50 markets, COO Promotion; refinances Notes with Berkshire Hathaway; improved rev. trend, lower costs
(NYSE: MTL) Mechel OAO ADS $3.17 Wk-H: $3.25
- one of the leading Russian mining and metals co.'s, 1Q 2013 Financial Results; up to $100M buy back of ADRs representing common shares
(NYSE: WLT)(TSX: WLT) Walter Energy Inc. $13.70 Wk-H: $13.93
- pure-play producer of metallurgical (met) coal for the global steel industry, IIROC Trade Resumption; Issues Statement on Refinancing
(NYSE: ENV) Envestnet Inc. $24.94 Wk-H: $25.93
- wealth mgmt. technology/services to inv. advisors, to Present at June Inv. Conf's; Q1 2013: adj. Rev. +43%, EBITDA +61%, Net Inc./Sh. +71%
(NYSE: NGVC) Natural Grocers by Vitamin Cottage Inc. $32.15 Wk-H: $33.40
- specialty retailer natural/organic grocery/dietary supplements, Q2/H1: Sales +25.4%/+26.6%, Comps. +10.6%/+11.6%, Inc. +29.5%/+56.5%
NYSE MKT AMEX
(AMEX: PCYG) Park City Group Inc. $3.92 $4.37 $5.99 Wk-H: $6.45
- cloud-based software uses big data mgmt. to help retailers/suppliers sell more, stock less & see everything, May 9 Record Q3 2013 Results
(AMEX: API) Advanced Photonix Inc. $0.58 $0.71 Wk-H: $0.74
- a leading supplier of high-speed optoelectronics for telecom, military, medical etc., Q4/Year End 2013 Earnings and Conf. Call Monday July 1
(AMEX: NSU)(TSX: NSU) Nevsun Resources Ltd. $2.92 Wk-H: $3.42
- 60%-owned high-grade open-pit Bisha copper/gold mine in Eritrea, Africa, Completes Copper Expansion, Updated 2013 Guidance
(AMEX: WYY) WidePoint Corp. $0.76 Wk-H: $0.84
- a leading provider of secured, cloud-delivered, enterprise-wide, info. technology-based managed mobility solutions, May 15 Q1/'13 Results
(AMEX: RNN) Rexahn Pharmaceuticals Inc. $0.47 Wk-H: $0.51
- clinical stage biopharm. co. developing potential best-in-class oncology therapies, Awarded U.S. Patent for Novel Anti-Cancer Compounds
NASDAQ
(NASDAQ: YRCW) YRC Worldwide Inc. $11.11 $19.22 $24.60 Wk-H: $25.50
- shipping brands for heavyweight ind., commercial, LTL, retail, Holland Receives Carrier Excellence Award; Implements Network Optimization
(NASDAQ: UFPI) Universal Forest Products Inc. $37.13 $43.23 Wk-H: $45.60
- provides wood for building materials, struct. lumber, house frames, specialty packaging, Attorneys Recover $2.1M+ For Texas Homeowners
(NASDAQ: PCOM)(TSX: PTS) Points International Ltd. $14.52 $20.23 Wk-H: $21.23
- Loyalty reward program www.Points.com, to Present at various investor conf.'s; Launches New Services for Southwest Airlines Rapid Rewards
(NASDAQ: KNDI) Kandi Technologies Group Inc. $5.87 $7.79 Wk-H: $8.31
- makes pure electric Go-Karts, tricycles and utility vehicles, to Deploy 5k-10k Pure EVs in Hangzhou for Initial Launch of Public EV Sharing
(NASDAQ: MNOV) Medicinova Inc. $3.14 $3.18 Wk-H: $3.85
- UCLA Presents Data on co's MN-166 in Methamphetamine Addiction at 75th Annual Meeting of the College on Problems of Drug Dependence
(NASDAQ: GEVO) Gevo Inc. $2.35 $2.07 Wk-H: $2.32
- converts existing ethanol plants into bio-refineries, Resumes Commercial Production of Isobutanol
(NASDAQ: OTIV) On Track Innovations Ltd. $1.25 $1.48 Wk-H: $1.58
- homeland security smart cards, contactless payment & eID Systems, Results Markman Hearing in Patent Infringement Suit Against T-Mobile
(NASDAQ: LGND) Ligand Pharmaceuticals Incorporated $35.72 Wk-H: $37.35
- focused on broad spectrum of diseases, royalty rev.'s under lean costs, sustainable profits, Raises Ownership Limit for BVF Partners to 25%
(NASDAQ: HWAY) Healthways Inc. $16.54 Wk-H: $16.68
- world's largest well-being improvement company, to Issue Second Quarter 2013 Financial Results after Market Close on July 24
(NASDAQ: AVHI) A V Homes Inc. $17.60 Wk-H: $17.99
- home builder in Arizona and Florida, Announces $135M Equity Investment by TPG Will Accelerate Implementation of Strategic Plan
(NASDAQ: MFRI) MFRI Inc. $11.00 Wk-H: $11.50
- multi-line co. engaged in O&G piping, heating, cooling, filtration and HVAC systems, $30M+ in New Major Orders in Q2 by Its Piping Systems
(NASDAQ: ASYS) Amtech Systems Inc. $5.61 Wk-H: $6.85
- global supplier to manufacture solar cells, semiconductors, sapphire and silicon wafers, Obtains 2nd High-Efficiency N-Type Solar Customer
(NASDAQ: CYTK) Cytokinetics Incorporated $1.78 Wk-H: $2.20
- ATOMIC-AHF Results to be Presented at Late Breaking Clinical Trials Session Euro Society Cardiology Congress '13; Joins Russell Global Index
(NASDAQ: MBIS) Mediabistro Inc. $1.91 Wk-H: $2.85
- Internet media for social, traditional, mobile, professionals, Keynote Speakers re. Chicago Jul 10-11 Inside 3D Print Conf; New Name/Ticker
(NASDAQ: PRXI) Premier Exhibitions Inc. $1.76 Wk-H: $1.87
- a leading presenter of museum-quality touring exhibitions around the world, Stock Repurchase Plan of up to 1.5M shares
(NASDAQ: NEWL) NewLead Holdings Ltd. $0.28 Wk-H: $0.37
- intl. shipping and commodity co. that manages product tankers and dry bulk vessels, Agrees to Annul Transaction for Contribution of Nickel
(NASDAQ: PGRX) Prospect Global Resources Inc. $0.08 Wk-H: $0.29
- potash mine in the Holbrook Basin of eastern Arizona, $5M Offering @$0.12/share; July Pre-Feasibility Study; Extension of Rights Offering
OTCBB/QB
(OTCBB: TQLA) Montalvo Spirits Inc. $1.03 Wk-H: $1.07
- develops/markets/dist.'s premium alcoholic beverages, to be a Featured Spirit at Hard Rock San Diego's Intervention Sundays; Expands Dist.
(OTCQB:EKDKQ ) Eastman Kodak Company $0.16 Wk-H: $0.185
- transforming into B2B co. focused on its Commercial Imaging business, Major Financial Institutions Agree to Arrange Exit Financing Package
TSX Venture (quote V. and ticker symbol)
(TSXV: DBV) Doubleview Capital Corp. $0.10 $0.16 Wk-H: $0.17
- B.C. Gold, Copper and Silver projects, Announces Diamond Drill Program on Hat Project Near Completion, Designing Next Exploration Phase
(TSXV: GEX) Guerrero Exploration Inc. $0.07 Wk-H: $0.085
- focused on high yielding copper, gold and silver in the Southern Mexican Gold Belt, Outlines Drilling Plan For Its Cerro Azul Property
Sign-up at InvestorsGuru.com (or blog.InvestorsGuru.com) for our Small Cap Stock Observer newsletter, and to set-up your own My Portfolio, My Watchlist & Alerts and News by Email preferences, or quote to comment at our AnyTicker.com Bulletin Boards. Free!
Please note that nothing in this report should be taken as a recommendation in any way, and that everything from InvestorsGuru.com is subject to the terms of our Privacy Policy and Disclaimer.
NYSE
(NYSE: LEE) Lee Enterprises Inc. $2.00 Wk-H: $2.18
- provides local news, info. and ads in 50 markets, COO Promotion; refinances Notes with Berkshire Hathaway; improved rev. trend, lower costs
(NYSE: MTL) Mechel OAO ADS $3.17 Wk-H: $3.25
- one of the leading Russian mining and metals co.'s, 1Q 2013 Financial Results; up to $100M buy back of ADRs representing common shares
(NYSE: WLT)(TSX: WLT) Walter Energy Inc. $13.70 Wk-H: $13.93
- pure-play producer of metallurgical (met) coal for the global steel industry, IIROC Trade Resumption; Issues Statement on Refinancing
(NYSE: ENV) Envestnet Inc. $24.94 Wk-H: $25.93
- wealth mgmt. technology/services to inv. advisors, to Present at June Inv. Conf's; Q1 2013: adj. Rev. +43%, EBITDA +61%, Net Inc./Sh. +71%
(NYSE: NGVC) Natural Grocers by Vitamin Cottage Inc. $32.15 Wk-H: $33.40
- specialty retailer natural/organic grocery/dietary supplements, Q2/H1: Sales +25.4%/+26.6%, Comps. +10.6%/+11.6%, Inc. +29.5%/+56.5%
NYSE MKT AMEX
(AMEX: PCYG) Park City Group Inc. $3.92 $4.37 $5.99 Wk-H: $6.45
- cloud-based software uses big data mgmt. to help retailers/suppliers sell more, stock less & see everything, May 9 Record Q3 2013 Results
(AMEX: API) Advanced Photonix Inc. $0.58 $0.71 Wk-H: $0.74
- a leading supplier of high-speed optoelectronics for telecom, military, medical etc., Q4/Year End 2013 Earnings and Conf. Call Monday July 1
(AMEX: NSU)(TSX: NSU) Nevsun Resources Ltd. $2.92 Wk-H: $3.42
- 60%-owned high-grade open-pit Bisha copper/gold mine in Eritrea, Africa, Completes Copper Expansion, Updated 2013 Guidance
(AMEX: WYY) WidePoint Corp. $0.76 Wk-H: $0.84
- a leading provider of secured, cloud-delivered, enterprise-wide, info. technology-based managed mobility solutions, May 15 Q1/'13 Results
(AMEX: RNN) Rexahn Pharmaceuticals Inc. $0.47 Wk-H: $0.51
- clinical stage biopharm. co. developing potential best-in-class oncology therapies, Awarded U.S. Patent for Novel Anti-Cancer Compounds
NASDAQ
(NASDAQ: YRCW) YRC Worldwide Inc. $11.11 $19.22 $24.60 Wk-H: $25.50
- shipping brands for heavyweight ind., commercial, LTL, retail, Holland Receives Carrier Excellence Award; Implements Network Optimization
(NASDAQ: UFPI) Universal Forest Products Inc. $37.13 $43.23 Wk-H: $45.60
- provides wood for building materials, struct. lumber, house frames, specialty packaging, Attorneys Recover $2.1M+ For Texas Homeowners
(NASDAQ: PCOM)(TSX: PTS) Points International Ltd. $14.52 $20.23 Wk-H: $21.23
- Loyalty reward program www.Points.com, to Present at various investor conf.'s; Launches New Services for Southwest Airlines Rapid Rewards
(NASDAQ: KNDI) Kandi Technologies Group Inc. $5.87 $7.79 Wk-H: $8.31
- makes pure electric Go-Karts, tricycles and utility vehicles, to Deploy 5k-10k Pure EVs in Hangzhou for Initial Launch of Public EV Sharing
(NASDAQ: MNOV) Medicinova Inc. $3.14 $3.18 Wk-H: $3.85
- UCLA Presents Data on co's MN-166 in Methamphetamine Addiction at 75th Annual Meeting of the College on Problems of Drug Dependence
(NASDAQ: GEVO) Gevo Inc. $2.35 $2.07 Wk-H: $2.32
- converts existing ethanol plants into bio-refineries, Resumes Commercial Production of Isobutanol
(NASDAQ: OTIV) On Track Innovations Ltd. $1.25 $1.48 Wk-H: $1.58
- homeland security smart cards, contactless payment & eID Systems, Results Markman Hearing in Patent Infringement Suit Against T-Mobile
(NASDAQ: LGND) Ligand Pharmaceuticals Incorporated $35.72 Wk-H: $37.35
- focused on broad spectrum of diseases, royalty rev.'s under lean costs, sustainable profits, Raises Ownership Limit for BVF Partners to 25%
(NASDAQ: HWAY) Healthways Inc. $16.54 Wk-H: $16.68
- world's largest well-being improvement company, to Issue Second Quarter 2013 Financial Results after Market Close on July 24
(NASDAQ: AVHI) A V Homes Inc. $17.60 Wk-H: $17.99
- home builder in Arizona and Florida, Announces $135M Equity Investment by TPG Will Accelerate Implementation of Strategic Plan
(NASDAQ: MFRI) MFRI Inc. $11.00 Wk-H: $11.50
- multi-line co. engaged in O&G piping, heating, cooling, filtration and HVAC systems, $30M+ in New Major Orders in Q2 by Its Piping Systems
(NASDAQ: ASYS) Amtech Systems Inc. $5.61 Wk-H: $6.85
- global supplier to manufacture solar cells, semiconductors, sapphire and silicon wafers, Obtains 2nd High-Efficiency N-Type Solar Customer
(NASDAQ: CYTK) Cytokinetics Incorporated $1.78 Wk-H: $2.20
- ATOMIC-AHF Results to be Presented at Late Breaking Clinical Trials Session Euro Society Cardiology Congress '13; Joins Russell Global Index
(NASDAQ: MBIS) Mediabistro Inc. $1.91 Wk-H: $2.85
- Internet media for social, traditional, mobile, professionals, Keynote Speakers re. Chicago Jul 10-11 Inside 3D Print Conf; New Name/Ticker
(NASDAQ: PRXI) Premier Exhibitions Inc. $1.76 Wk-H: $1.87
- a leading presenter of museum-quality touring exhibitions around the world, Stock Repurchase Plan of up to 1.5M shares
(NASDAQ: NEWL) NewLead Holdings Ltd. $0.28 Wk-H: $0.37
- intl. shipping and commodity co. that manages product tankers and dry bulk vessels, Agrees to Annul Transaction for Contribution of Nickel
(NASDAQ: PGRX) Prospect Global Resources Inc. $0.08 Wk-H: $0.29
- potash mine in the Holbrook Basin of eastern Arizona, $5M Offering @$0.12/share; July Pre-Feasibility Study; Extension of Rights Offering
OTCBB/QB
(OTCBB: TQLA) Montalvo Spirits Inc. $1.03 Wk-H: $1.07
- develops/markets/dist.'s premium alcoholic beverages, to be a Featured Spirit at Hard Rock San Diego's Intervention Sundays; Expands Dist.
(OTCQB:
- transforming into B2B co. focused on its Commercial Imaging business, Major Financial Institutions Agree to Arrange Exit Financing Package
TSX Venture (quote V. and ticker symbol)
(TSXV: DBV) Doubleview Capital Corp. $0.10 $0.16 Wk-H: $0.17
- B.C. Gold, Copper and Silver projects, Announces Diamond Drill Program on Hat Project Near Completion, Designing Next Exploration Phase
(TSXV: GEX) Guerrero Exploration Inc. $0.07 Wk-H: $0.085
- focused on high yielding copper, gold and silver in the Southern Mexican Gold Belt, Outlines Drilling Plan For Its Cerro Azul Property
Sign-up at InvestorsGuru.com (or blog.InvestorsGuru.com) for our Small Cap Stock Observer newsletter, and to set-up your own My Portfolio, My Watchlist & Alerts and News by Email preferences, or quote to comment at our AnyTicker.com Bulletin Boards. Free!
Please note that nothing in this report should be taken as a recommendation in any way, and that everything from InvestorsGuru.com is subject to the terms of our Privacy Policy and Disclaimer.
Monday, June 17, 2013
Trend Trading Vs. Value Positioning Into Technology & Metals - InvestorsGuru.com
Speculation Versus Investing
Last month's newsletter—Follow The Money Flows—Or Lead?—dispelled the notion of the Sell In May And Go Away trade being anything more than a recent coincidence. This month we'll touch on short-term Trend Trading versus longer-term Value & Growth Investing.
While a company's business values and growth fundamentals tend to drive mid to long-term share prices, short-term industry sentiment and general market behaviour can distort current prices greatly. Efficient Market theorists might disagree but I believe this emotional fear/greed factor is why there are always mispriced market opportunities—presuming a reasonable investment time horizon exists.
Popular short and near-term trading tactics for additional gains are anticipating Sympathy Plays and Sector Rotations—where traders switch from stocks that have recently moved to related stocks and sectors that have not kept pace. The concept is fairly simple, when a leading name's stock pops on good news—e.g. Better-Than-Expected Earnings—quickly find similar stocks within that business sector, or look for the next sector that might start to play on similar news.
Momentum surfing tends to run for a few days but then gives back some of the gain. These plays can have several up-phases—with frequent corrections—that together can take weeks, months or longer to fully develop. Recently we have seen sector rotations with sympathy plays back into Mortgage, Social Sites, Transportation, Chinese stocks to even Solar—Biotech and Pharma have been hot all year.
There can even be rotations within a single sector—e.g. transportation—with Shipping stocks hot in April while Trucking was more in-play last month. Market money flows change quickly, and to help identify the Market's Pulse live—the sector groups and stocks in-play at any moment—see our homepage's Filtered Mid-Day Market Movers, and subscribe to our free Weekend Recap newsletter.
While this type of speculation keeps Day-Traders and their e-brokers busy, I doubt that they are any further ahead overall by flipping several related names compared to just holding the leading stock play. Keep in mind that while frequent day trading has grown and has added to market liquidity, institutional investors are still key in moving share prices. They tend to put stock supply away, whereas day traders—by definition—return their shares to the float before the market's close.
Also consider that major stock price moves often happen overnight—in reaction to news released after the main markets have closed. In other words Stock Gaps attempt to factor-in news before the market reopens—which day traders will have missed. Don't get me wrong, I have no problem with day trading—just when speculation is confused with investing, or brains with a bull market.
Next Trends? Look For Value And Growth—Mega-Cap Technology & Mining
When a beaten-down sector finally begins a new up-trend, the first clear up-move tends to be the biggest. However, it's getting difficult to find a sector that hasn't played this year. The only remaining sectors that I can find, that haven't really participated and may be due, are commodities—especially metals and mining—and large-cap technology—specifically semiconductor chips and computers.
Sector rotation has mostly ignored leading mega-cap Dow (DJIA) components (NASDAQ: INTC) Intel Corp., (NASDAQ: CSCO) Cisco Systems and (NYSE: HPQ) Hewlett Packard. Unlike most other Dow stocks, all three are still closer to their 10-year lows than their all-time highs. From a value perspective, Intel has a P/E Multiple of only 12 with a substantial 3.61% Dividend Yield, Cisco's P/E is 13 and yields 2.82%, while Hewlett shows negative trailing earnings but still pays 2.35%.
Like fuelled rockets on the launch-pad that pay more than 10-year Treasuries while you wait, today these stocks get cited more as Dogs Of The Dow value plays rather than the high flyers they were back in the dot-com days. Back then their P/Es were in the triple digits with no dividend payout.
These companies still dominate their business sectors, with lots of capital muscle to innovate or grow through acquisition. Granted these are huge companies now, but they'll still get their due if/when tech gets hot again—when these leaders may be the first to finally breakout of decade long trading ranges!
On the other hand, many commodities have not just fallen behind the market's bullish pace, they are just down—period. No sector has been beaten-down as much lately as the mining group—lead by the recent plunge in Gold prices. In our February 4th newsletter—after 16-months of gold's correction—we noted, "a break below gold's $1,600/oz. base might signal a Bearish Reversal, whereas a break above gold's upper $1,800/oz. resistance level might signal a Bullish Continuation—like it did in 2006 and 2008. Whichever way gold moves to eventually break from its pattern could be dramatic—typically wider bases mean bigger moves."
This appears to have been spot on—or maybe $1,550 was the magic trigger—resulting in heavy gold ETF selling that promptly bungee jumped gold prices down over $200 to a low of $1,321.50 an ounce in April. The bounce resulted in gold recovering to the high $1,400's—on the back of strong physical buying—but now gold seems stuck in the high-$1,300s to low-$1,400s and technically directionless.
The problem with trying to predict gold's bottom is that new bottoms can always emerge. Even so, Gold Bugs should be asking if this is just an even more undervalued situation—created by short-term negative sentiment over unfounded worries. I highly doubt that this the end of gold's long-term secular bull-market—more likely that money flows have temporarily rotated to better performing equity markets. If so—when the U.S. markets hiccup—gold could rebound in a heartbeat.
Again we need to look at the value and growth fundamentals of why gold was a good investment in the first place. Gold was going up because it is a proven store of value against economic risks—i.e. Hyperinflation. With the world's currencies ongoing Debase-Race—with Europe's banks a mess and Japan's Yen printers now in overdrive as well—has anything really changed? Also consider the effect of lower gold prices on supply—with most all-in production costs around $1,200 an ounce today.
A recent Casey Research article—Gold Stock Sellers Remorse—shows the widening gap between GDP and debt and how Central Banks in emerging countries had bought almost a million ounces of gold last month. Further, when prices fell off a cliff in April, physical volume on the Shanghai Gold Exchange quadrupled. This is opposite the behaviour expected if gold's bull-market is done.
In February we compared the major North American indexes to several major gold and other metals producers—to demonstrate relative value. Here they are again, with February's trailing 12-month P/E shown first and then today's next to it:
Dow Industrials 15.37 / 16.47, Dow Transportation 18.47 / 21.26, Dow Utility 21.94 / 25.44, Nasdaq-100 16.64 / 18.55, S&P-500 17.92 / 18.28, S&P/TSX Composite 25.60 / 25.60, Russell-2000 31.24 / 59.12. Today's higher P/Es suggest that markets are more expensive then in February.
Barrick Gold (NYSE: ABX)(TSX: ABX) 9.50 / N/A, AngloGold Ashanti (NYSE: AU) 12.10 / 6.65, Gold Fields Ltd. (NYSE: GFI) 9.60 / 2.95, Harmony Gold Mining (NYSE: HMY) 8.20 / 5.16, IAMGOLD Corp. (NYSE: IAG)(TSX: IMG) 8.10 / 8.50, Compania de Minas Buenaventura S.A. (NYSE: BVN) 8.60 / 7.72, Freeport-McMoRan Copper & Gold (NYSE: FCX) 11.10 / 9.66, BHP Billiton (NYSE: BHP) 13.60 / 10.88. Today's lower P/Es suggest these stocks are even cheaper now.
Major miners were relatively inexpensive compared to North American indices back in February. Today this value gap is even wider as indices are more expensive—and miners are even cheaper. The Casey article showed how stock prices overshoot during crashes—with gold stocks now even cheaper than dirt! The example was (NYSE: GG)(TSX: G) Goldcorp, with the market's price per tonne of gold ore being $10.26, versus Topsoil, Compost and Mulch at $31.74, $49.59 and $88.16 respectively.
Contrarian Non-Gold Metals Play
Those convinced that the economic recovery is real, and sustainable—although not convinced of the value in owing Precious Metals—might instead look to infrastructure plays and Specialty Metals that have been beaten down. (NYSE: AA) Alcoa is the world's leading producer of primary and fabricated Aluminium, world's largest miner of Bauxite and refiner of Alumina, and a Dow 30 stock since 1959.
Alcoa is a bet on real industrial growth returning to America and the world's economies, and with this higher aluminum prices. Alcoa's trading range was $25-$40 for a decade prior to the Great Recession—now $8.12 per share. However, just because Alcoa's share price is historically low—marginally above its 2009 low of $4.97—does not mean it's a value play. Alcoa's P/E is high at over 35, and its dividend is low at only 1.47%.
Competitive pressures—i.e. Chinese producers—have squeezed Alcoa's market share, revenue and earnings. With a market cap under $9B—less than 1/3 of the second-lowest cap Dow stock—and with last month's Moody's credit downgrade, many are questioning Alcoa's status as a Blue Chip industrial. Most suggest (NASDAQ: AAPL) Apple Inc. or (NASDAQ: GOOG) Google Inc. as replacements.
While I get that Google is a blue chip company from its dominance in Internet Search—and in ad-serving—is it really a bellwether of how the economy or stock market is doing? How long can Apple continue to out-innovate the competition—to hold on to its iThingys high prices, profit margins and market share? Aluminum prices and Alcoa's shares are down, but neither is going the way of the Buggy Whip anytime soon—Contrarian Cyclical Trends suggest both are ugly enough to love again.
Small To Mid-Cap Specialty Metals
Prices for Rare Earths have suffered with other metals. We follow leading companies like (NYSE: MCP) Molycorp, which controls world-class light/heavy resources and produces high-purity custom engineered REE products. MCP's market-cap is now just over $1B at $5.69 per share and continues to test April's double-bottom chart lows at around $5—with a 52-week high/low of $23.29/$4.70. For a background on these strategic metals and the key players, see our Research menu and Rare Earths tab.
The only small-cap mining areas that have seen much excitement this year are Graphite and Uranium exploration. The graphite market is specialized with only a few players to focus on. Over the summer we hope to share a report about Graphite, Graphene and their unique properties and growth opportunities—including some of these companies.
Since the March 2011 record 9.0 earthquake and tsunami at Fukushima Japan—and the resulting Daiichi Nuclear Plant accident—we have been tracking beaten-up U3O8 prices and major producers shares for signs of their next cyclical up-trend. As a mined metal, uranium has suffered a further whammy—dismal financing options for mining markets in general. However if you research past the media's sound-bites, you will see why U3O8 may be better positioned than any other metal right now!
Uranium's dominant demand is for nuclear reactors, meaning that it's really a reliable, efficient, and environmentally safe energy play—cheap and with strong long-term growth fundamentals. We have shown how the world's U3O8 demand continues to build—already exceeding mined supply—while at the same time low prices force mines to close, and Russia ends its HEU supply of ~24M/lbs. annually.
Mining companies and even Developing Nations are adapting via creative financing. Last month Rosatom—Russia's state owned nuclear company—now offers a special package deal to finance, build and operate nuclear power plants. Similar to its arrangement with Turkey for four reactors, Egypt and South Korea have signed memorandum of understanding for nuclear cooperation.
While junior exploration is risky, there is nothing like a new discovery to ignite interest in a metal or an area play—even in the worst of mining environments. For months we have provided updates about (TSXV: FCU) Fission Uranium and (TSXV: AMW) Alpha Minerals' success in expanding their PLS high-grade uranium joint venture in the Athabaska Basin—rewarding shareholders nicely so far.
Uranerz Energy Corp. Update
Our favourite uranium value and growth plays are in between the Junior Explorers and Major Producers—companies with an established resource in a safe mining jurisdiction, and with the management skills, financing and permits in place to bring a mine into production. Development Plays are small enough that drill results can still impact share prices meaningfully, while also large enough to provide more certainty and safety—advanced projects are generally easier to finance.
Our featured uranium company continues to be (AMEX: URZ)(TSX: URZ) Uranerz Energy Corp.—which is developing its first ISR mine in Wyoming. As a company synopsis, I'll quote a recent Energy Report interview entitled Transformative Energy Technologies: Michael and Chris Berry.
"This company is a near-term uranium producer in Wyoming, and is particularly attractive due the fact that it is essentially derisked. Uranerz is exceptionally well managed and could be generating cash flow within a year. The company is fully permitted, has offtake agreements in place and should be receiving a $20M loan from the Wyoming Industrial Development Revenue Bond Program. The tolling agreement in place with Cameco Corp. (TSX: CCO)(NYSE: CCJ) is another positive attribute for Uranerz. Given that the Russians (JSC Atomredmetzoloto or ARMZ) have taken Uranium One Inc. private, Cameco may look to consolidate the Powder River Basin in Wyoming and integrate Uranerz into its operations there."
On June 7th Uranerz announced the completion of a $US6M short-term note financing. Instead of waiting for its $20M Wyoming state government loan to be fully processed, this bridge financing allows the company to commence drilling both of their required Deep Disposal Wells now!
Click the video screen below for a recent interview with Uranerz Energy's CEO Glenn Catchpole—or visit http://youtu.be/NcCUPKpYCc8
Uranerz Energy has a market capitalization of $93M at its current price of US$1.20 per share. On June 10 Dundee Securities updated their URZ target to $2.65; last month Haywood Securities updated their URZ target to US$2.80.
Sign-up at InvestorsGuru.com (or blog.InvestorsGuru.com) for our Small Cap Stock Observer newsletter, and to set-up your own My Portfolio, My Watchlist & Alerts and News by Email preferences, or quote to comment at our AnyTicker.com Bulletin Boards. Free!
Please note that nothing in this report should be taken as a recommendation in any way, and that everything from InvestorsGuru.com is subject to the terms of our Privacy Policy and Disclaimer.
Last month's newsletter—Follow The Money Flows—Or Lead?—dispelled the notion of the Sell In May And Go Away trade being anything more than a recent coincidence. This month we'll touch on short-term Trend Trading versus longer-term Value & Growth Investing.
While a company's business values and growth fundamentals tend to drive mid to long-term share prices, short-term industry sentiment and general market behaviour can distort current prices greatly. Efficient Market theorists might disagree but I believe this emotional fear/greed factor is why there are always mispriced market opportunities—presuming a reasonable investment time horizon exists.
Popular short and near-term trading tactics for additional gains are anticipating Sympathy Plays and Sector Rotations—where traders switch from stocks that have recently moved to related stocks and sectors that have not kept pace. The concept is fairly simple, when a leading name's stock pops on good news—e.g. Better-Than-Expected Earnings—quickly find similar stocks within that business sector, or look for the next sector that might start to play on similar news.
Momentum surfing tends to run for a few days but then gives back some of the gain. These plays can have several up-phases—with frequent corrections—that together can take weeks, months or longer to fully develop. Recently we have seen sector rotations with sympathy plays back into Mortgage, Social Sites, Transportation, Chinese stocks to even Solar—Biotech and Pharma have been hot all year.
There can even be rotations within a single sector—e.g. transportation—with Shipping stocks hot in April while Trucking was more in-play last month. Market money flows change quickly, and to help identify the Market's Pulse live—the sector groups and stocks in-play at any moment—see our homepage's Filtered Mid-Day Market Movers, and subscribe to our free Weekend Recap newsletter.
While this type of speculation keeps Day-Traders and their e-brokers busy, I doubt that they are any further ahead overall by flipping several related names compared to just holding the leading stock play. Keep in mind that while frequent day trading has grown and has added to market liquidity, institutional investors are still key in moving share prices. They tend to put stock supply away, whereas day traders—by definition—return their shares to the float before the market's close.
Also consider that major stock price moves often happen overnight—in reaction to news released after the main markets have closed. In other words Stock Gaps attempt to factor-in news before the market reopens—which day traders will have missed. Don't get me wrong, I have no problem with day trading—just when speculation is confused with investing, or brains with a bull market.
Next Trends? Look For Value And Growth—Mega-Cap Technology & Mining
When a beaten-down sector finally begins a new up-trend, the first clear up-move tends to be the biggest. However, it's getting difficult to find a sector that hasn't played this year. The only remaining sectors that I can find, that haven't really participated and may be due, are commodities—especially metals and mining—and large-cap technology—specifically semiconductor chips and computers.
Sector rotation has mostly ignored leading mega-cap Dow (DJIA) components (NASDAQ: INTC) Intel Corp., (NASDAQ: CSCO) Cisco Systems and (NYSE: HPQ) Hewlett Packard. Unlike most other Dow stocks, all three are still closer to their 10-year lows than their all-time highs. From a value perspective, Intel has a P/E Multiple of only 12 with a substantial 3.61% Dividend Yield, Cisco's P/E is 13 and yields 2.82%, while Hewlett shows negative trailing earnings but still pays 2.35%.
Like fuelled rockets on the launch-pad that pay more than 10-year Treasuries while you wait, today these stocks get cited more as Dogs Of The Dow value plays rather than the high flyers they were back in the dot-com days. Back then their P/Es were in the triple digits with no dividend payout.
These companies still dominate their business sectors, with lots of capital muscle to innovate or grow through acquisition. Granted these are huge companies now, but they'll still get their due if/when tech gets hot again—when these leaders may be the first to finally breakout of decade long trading ranges!
On the other hand, many commodities have not just fallen behind the market's bullish pace, they are just down—period. No sector has been beaten-down as much lately as the mining group—lead by the recent plunge in Gold prices. In our February 4th newsletter—after 16-months of gold's correction—we noted, "a break below gold's $1,600/oz. base might signal a Bearish Reversal, whereas a break above gold's upper $1,800/oz. resistance level might signal a Bullish Continuation—like it did in 2006 and 2008. Whichever way gold moves to eventually break from its pattern could be dramatic—typically wider bases mean bigger moves."
This appears to have been spot on—or maybe $1,550 was the magic trigger—resulting in heavy gold ETF selling that promptly bungee jumped gold prices down over $200 to a low of $1,321.50 an ounce in April. The bounce resulted in gold recovering to the high $1,400's—on the back of strong physical buying—but now gold seems stuck in the high-$1,300s to low-$1,400s and technically directionless.
The problem with trying to predict gold's bottom is that new bottoms can always emerge. Even so, Gold Bugs should be asking if this is just an even more undervalued situation—created by short-term negative sentiment over unfounded worries. I highly doubt that this the end of gold's long-term secular bull-market—more likely that money flows have temporarily rotated to better performing equity markets. If so—when the U.S. markets hiccup—gold could rebound in a heartbeat.
Again we need to look at the value and growth fundamentals of why gold was a good investment in the first place. Gold was going up because it is a proven store of value against economic risks—i.e. Hyperinflation. With the world's currencies ongoing Debase-Race—with Europe's banks a mess and Japan's Yen printers now in overdrive as well—has anything really changed? Also consider the effect of lower gold prices on supply—with most all-in production costs around $1,200 an ounce today.
A recent Casey Research article—Gold Stock Sellers Remorse—shows the widening gap between GDP and debt and how Central Banks in emerging countries had bought almost a million ounces of gold last month. Further, when prices fell off a cliff in April, physical volume on the Shanghai Gold Exchange quadrupled. This is opposite the behaviour expected if gold's bull-market is done.
In February we compared the major North American indexes to several major gold and other metals producers—to demonstrate relative value. Here they are again, with February's trailing 12-month P/E shown first and then today's next to it:
Dow Industrials 15.37 / 16.47, Dow Transportation 18.47 / 21.26, Dow Utility 21.94 / 25.44, Nasdaq-100 16.64 / 18.55, S&P-500 17.92 / 18.28, S&P/TSX Composite 25.60 / 25.60, Russell-2000 31.24 / 59.12. Today's higher P/Es suggest that markets are more expensive then in February.
Barrick Gold (NYSE: ABX)(TSX: ABX) 9.50 / N/A, AngloGold Ashanti (NYSE: AU) 12.10 / 6.65, Gold Fields Ltd. (NYSE: GFI) 9.60 / 2.95, Harmony Gold Mining (NYSE: HMY) 8.20 / 5.16, IAMGOLD Corp. (NYSE: IAG)(TSX: IMG) 8.10 / 8.50, Compania de Minas Buenaventura S.A. (NYSE: BVN) 8.60 / 7.72, Freeport-McMoRan Copper & Gold (NYSE: FCX) 11.10 / 9.66, BHP Billiton (NYSE: BHP) 13.60 / 10.88. Today's lower P/Es suggest these stocks are even cheaper now.
Major miners were relatively inexpensive compared to North American indices back in February. Today this value gap is even wider as indices are more expensive—and miners are even cheaper. The Casey article showed how stock prices overshoot during crashes—with gold stocks now even cheaper than dirt! The example was (NYSE: GG)(TSX: G) Goldcorp, with the market's price per tonne of gold ore being $10.26, versus Topsoil, Compost and Mulch at $31.74, $49.59 and $88.16 respectively.
Contrarian Non-Gold Metals Play
Those convinced that the economic recovery is real, and sustainable—although not convinced of the value in owing Precious Metals—might instead look to infrastructure plays and Specialty Metals that have been beaten down. (NYSE: AA) Alcoa is the world's leading producer of primary and fabricated Aluminium, world's largest miner of Bauxite and refiner of Alumina, and a Dow 30 stock since 1959.
Alcoa is a bet on real industrial growth returning to America and the world's economies, and with this higher aluminum prices. Alcoa's trading range was $25-$40 for a decade prior to the Great Recession—now $8.12 per share. However, just because Alcoa's share price is historically low—marginally above its 2009 low of $4.97—does not mean it's a value play. Alcoa's P/E is high at over 35, and its dividend is low at only 1.47%.
Competitive pressures—i.e. Chinese producers—have squeezed Alcoa's market share, revenue and earnings. With a market cap under $9B—less than 1/3 of the second-lowest cap Dow stock—and with last month's Moody's credit downgrade, many are questioning Alcoa's status as a Blue Chip industrial. Most suggest (NASDAQ: AAPL) Apple Inc. or (NASDAQ: GOOG) Google Inc. as replacements.
While I get that Google is a blue chip company from its dominance in Internet Search—and in ad-serving—is it really a bellwether of how the economy or stock market is doing? How long can Apple continue to out-innovate the competition—to hold on to its iThingys high prices, profit margins and market share? Aluminum prices and Alcoa's shares are down, but neither is going the way of the Buggy Whip anytime soon—Contrarian Cyclical Trends suggest both are ugly enough to love again.
Small To Mid-Cap Specialty Metals
Prices for Rare Earths have suffered with other metals. We follow leading companies like (NYSE: MCP) Molycorp, which controls world-class light/heavy resources and produces high-purity custom engineered REE products. MCP's market-cap is now just over $1B at $5.69 per share and continues to test April's double-bottom chart lows at around $5—with a 52-week high/low of $23.29/$4.70. For a background on these strategic metals and the key players, see our Research menu and Rare Earths tab.
The only small-cap mining areas that have seen much excitement this year are Graphite and Uranium exploration. The graphite market is specialized with only a few players to focus on. Over the summer we hope to share a report about Graphite, Graphene and their unique properties and growth opportunities—including some of these companies.
Since the March 2011 record 9.0 earthquake and tsunami at Fukushima Japan—and the resulting Daiichi Nuclear Plant accident—we have been tracking beaten-up U3O8 prices and major producers shares for signs of their next cyclical up-trend. As a mined metal, uranium has suffered a further whammy—dismal financing options for mining markets in general. However if you research past the media's sound-bites, you will see why U3O8 may be better positioned than any other metal right now!
Uranium's dominant demand is for nuclear reactors, meaning that it's really a reliable, efficient, and environmentally safe energy play—cheap and with strong long-term growth fundamentals. We have shown how the world's U3O8 demand continues to build—already exceeding mined supply—while at the same time low prices force mines to close, and Russia ends its HEU supply of ~24M/lbs. annually.
Mining companies and even Developing Nations are adapting via creative financing. Last month Rosatom—Russia's state owned nuclear company—now offers a special package deal to finance, build and operate nuclear power plants. Similar to its arrangement with Turkey for four reactors, Egypt and South Korea have signed memorandum of understanding for nuclear cooperation.
While junior exploration is risky, there is nothing like a new discovery to ignite interest in a metal or an area play—even in the worst of mining environments. For months we have provided updates about (TSXV: FCU) Fission Uranium and (TSXV: AMW) Alpha Minerals' success in expanding their PLS high-grade uranium joint venture in the Athabaska Basin—rewarding shareholders nicely so far.
Uranerz Energy Corp. Update
Our favourite uranium value and growth plays are in between the Junior Explorers and Major Producers—companies with an established resource in a safe mining jurisdiction, and with the management skills, financing and permits in place to bring a mine into production. Development Plays are small enough that drill results can still impact share prices meaningfully, while also large enough to provide more certainty and safety—advanced projects are generally easier to finance.
Our featured uranium company continues to be (AMEX: URZ)(TSX: URZ) Uranerz Energy Corp.—which is developing its first ISR mine in Wyoming. As a company synopsis, I'll quote a recent Energy Report interview entitled Transformative Energy Technologies: Michael and Chris Berry.
"This company is a near-term uranium producer in Wyoming, and is particularly attractive due the fact that it is essentially derisked. Uranerz is exceptionally well managed and could be generating cash flow within a year. The company is fully permitted, has offtake agreements in place and should be receiving a $20M loan from the Wyoming Industrial Development Revenue Bond Program. The tolling agreement in place with Cameco Corp. (TSX: CCO)(NYSE: CCJ) is another positive attribute for Uranerz. Given that the Russians (JSC Atomredmetzoloto or ARMZ) have taken Uranium One Inc. private, Cameco may look to consolidate the Powder River Basin in Wyoming and integrate Uranerz into its operations there."
On June 7th Uranerz announced the completion of a $US6M short-term note financing. Instead of waiting for its $20M Wyoming state government loan to be fully processed, this bridge financing allows the company to commence drilling both of their required Deep Disposal Wells now!
Click the video screen below for a recent interview with Uranerz Energy's CEO Glenn Catchpole—or visit http://youtu.be/NcCUPKpYCc8
Uranerz Energy has a market capitalization of $93M at its current price of US$1.20 per share. On June 10 Dundee Securities updated their URZ target to $2.65; last month Haywood Securities updated their URZ target to US$2.80.
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