Combined with a big upward revision in the March sales estimate, the government's latest data indicates the market for new homes has been better than economists estimated. But it's not as healthy as a year ago, either.
"New home sales bounce back to medocrity" was how IHS Global Insight economists Stephanie Karol and Patrick Newport summed up the news in a research note Friday.
"So long as income growth remains low and credit remains tight, progress in the market for new homes will continue slowly," they said.
The Census Bureau reported sales reached a seasonally adjusted annual rate of 433,000 and March's results were revised up to 407,000. The previous March estimate was 384,000.
Top 10 Cheap Stocks To Own Right Now: Louisiana-Pacific Corp (LPX)
Louisiana-Pacific Corporation, incorporated on July 20, 1972, is a manufacturer of building products. The Company operates in four segments: North America Oriented Strand Board (OSB); Siding; Engineered Wood Products (EWP), and South America. As of December 31, 2012, the Company owned 21 modern located facilities in the United States and Canada, two facilities in Chile and one facility in Brazil. The Company also operates three facilities through joint ventures, for which it is the provider of product distribution for North America and participate in a joint venture operation that produces cellulose insulation in multiple facilities. The Company�� products are used primarily in new home construction, repair and remodeling, and manufactured housing. In May 2013, Canfor Corp announced that it has completed the sale of its 50% interest in the Peace Valley Oriented Strand Board (OSB) joint venture in Fort St. John, B.C., to Louisiana-Pacific Corp (LP).
OSB
The Company�� OSB segment manufactures and distributes OSB structural panel products. OSB is a smart product made from wood strands arranged in layers and bonded with resin. OSB serves many of the same uses as plywood, including roof decking, sidewall sheathing and floor underlayment. During the year ended December 31, 2012, OSB accounted for approximately 58% of the structural panel consumption in North America.
Siding
The Company�� siding offerings are of two categories: SmartSide siding products and related accessories; and CanExel siding and accessory products. Its SmartSide products consist of a line of wood-based sidings, trim, soffit and fascia. Its CanExel siding and accessory product offerings include a number of pre-finished lap and trim products in a variety of patterns and textures. Additionally, minor amounts of commodity OSB are produced and sold in this segment.
Engineered Wood Products
The Company�� Engineered Wood Products (EWP) segment manufactures! and distributes laminated veneer lumber (LVL), I-Joists, laminated strand lumber (LSL) and other related products. This segment also includes the sale of I-Joist produced by its joint venture with Resolute Forest Products (formerly AbitibiBowater) and LVL sold under a contract manufacturing arrangement.
South America
The Company�� South American segment manufactures and distributes OSB and siding products in South America and certain export markets. This segment also distributes and sells related products to augment the transition to wood frame construction.
Other Products
The Company�� other products category includes its decorative moulding and its joint venture that produces cellulose insulation. Additionally, it other products category includes its remaining timber and timberlands, and other minor products, services and closed operations.
Advisors' Opinion:- [By Lisa Levin]
This industry fell 4.53% by 11:00 am ET. Louisiana-Pacific (NYSE: LPX) shares dropped 5% in today's trading. Louisiana-Pacific reported downbeat quarterly earnings.
- [By Dan Caplinger]
In Weyerhaeuser's report, watch for the company to discuss any plans for potential buyout activity. With tight supplies, smaller rivals Louisiana-Pacific (NYSE: LPX ) or Potlatch (NASDAQ: PCH ) might make good targets for the larger Weyerhaeuser or Plum Creek to look at for expansion. Even though those companies have seen their shares rise dramatically as well, it might be worth paying up in order to secure long-term assets that could produce strong growth for Weyerhaeuser.
- [By Lisa Levin]
This industry declined 2.76% by 11:00 am, with Louisiana-Pacific (NYSE: LPX) moving down 2.4%. Louisiana-Pacific shares have dropped 23.18% over the past 52 weeks, while the S&P 500 index has gained 16.68% in the same period.
Hot Heal Care Stocks To Own For 2014: Pioneer Energy Services Corp (PES)
Pioneer Energy Services Corp., formerly Pioneer Drilling Company, incorporated in 1979, provides drilling and production services to independent oil and gas exploration and production companies throughout much of the onshore oil and gas producing regions of the United States and internationally in Colombia. The Company operates in two segments: Drilling Services Division and Production Services Division. The Company�� Drilling Services Division provides contract land drilling services. The Company�� Production Services Division provides a range of services to oil and gas exploration and production companies. On December 31, 2011, the Company acquired Go-Coil, LLC.
Drilling Services Division
The Company�� Drilling Services Division provides contract land drilling services with its fleet of 64 drilling rigs in South Texas, East Texas, West Texas, North Dakota, North Texas, Utah, Appalachia and Colombia. As of February 10, 2012, 55 drilling rigs are operating under drilling contracts, 44 of which are under term contracts. In 2011, the Company established its West Texas drilling division location location where it has 18 drilling rigs operating. In addition to its drilling rigs, the Company provides the drilling crews and the ancillary equipment needed to operate its drilling rigs. Its drilling contracts provide for compensation on either a daywork, turnkey or footage basis.
As of February 10, 2012, the Company owned a fleet of 54 trucks and related transportation equipment that it uses to transport its drilling rigs to and from drilling sites. Under daywork drilling contracts, it provides a drilling rig and required personnel to its customer who supervises the drilling of the well. Under a turnkey contract, the Company agrees to drill a well for its customer. It provides technical and engineering services, as well as the equipment and drilling supplies required to drill the well. The Company often subcontracts for related services, such as the provision of cas! ing crews, cementing and well logging. Under footage contracts, it is paid a fixed amount for each foot drilled.
The Company competes with Helmerich & Payne, Inc., Precision Drilling Trust, Patterson-UTI Energy, Inc. and Nabors Industries, Ltd.
Production Services Division
The Company�� Production Services Division provides a range of services to oil and gas exploration and production companies, including well services, wireline, coiled tubing and fishing and rental services. Its production services operations are managed through locations concentrated in the United States onshore oil and gas producing regions in the Gulf Coast, Mid-Continent, Rocky Mountain and Appalachian states. The Company provides its services to a diverse group of oil and gas exploration and production companies. Under well services, it provides rig-based well services, including maintenance of existing wells, workover of existing wells, completion of newly-drilled wells, and plugging and abandonment of wells at the end of their useful lives.
The Company provides wireline services in Texas, Kansas, Colorado, Utah, Montana, North Dakota, Louisiana, West Virginia, Wyoming and Mississippi. The Company�� Coiled tubing is used for a number of horizontal well applications such as milling temporary plugs between frac stages. Its coiled tubing business consists of ten coiled tubing units which are deployed in Texas, Louisiana, Oklahoma and Pennsylvania. The Company�� rental and fishing tool business provides a range of specialized services and equipment that are utilized on a non-routine basis for both drilling and well servicing operations. It provides rental services out of four locations in Texas and Oklahoma. As of February 10, 2012, the Company had a total of 91 well service rigs. Its well service rig fleet consists of eighty-one 550 horsepower rigs, nine 600 horsepower rigs, and one 400 horsepower rig. As of February 10, 2012, the Company had 109 wireline units in 24 locations.
The Company competes with Key Energy Services, Basic Energy Services, Nabors Industries, Superior Energy Services, Inc,CC Forbes, Schlumberger Ltd., Halliburton Company, Weatherford International, Baker Hughes, Superior Energy Services, Basic Energy Services, and Key Energy Services, Quail Tools and Knight Oil Tools.
Advisors' Opinion:- [By Lee Jackson]
Pioneer Energy Services Corp. (NYSE: PES) is another small cap name that could be a huge home run for investors in 2014. The company provides contract land drilling services and production services to independent and oil and gas exploration and production companies in the United States and Colombia. The company operates in two segments, Drilling Services and Production Services. The Deutsche Bank price target is a whopping $14, and the consensus is much lower at $9.50. Pioneer Energy closed Monday at $8.
- [By Lisa Levin]
Pioneer Energy Services (NYSE: PES) shares touched a new 52-week high of $11.58. Pioneer Energy shares have jumped 40.39% over the past 52 weeks, while the S&P 500 index has gained 21.92% in the same period.
- [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 Pioneer Energy Services (NYSE: PES ) , whose recent revenue and earnings are plotted below. - [By Chuck Carnevale]
Therefore, risk and earnings growth rates will represent counteracting forces affecting starting or current valuation (PEs). This partially explains why a 3% grower (less risky to achieve) might command the same current valuation PE of, for example, an 11% or 12% grower (riskier and harder to achieve). But this is a critical point; the faster grower will generate a higher future return than the slower grower, ceteris paribas.
Hot Heal Care Stocks To Own For 2014: Special Opportunities Fund Inc.(SPE)
Special Opportunities Fund, Inc. is a close-ended fund of funds launched and managed by Brooklyn Capital Management LLC. It invests in close-ended funds investing in public equity and fixed income markets. The fund employs a combination of value, opportunistic and special situations strategies to make its investments. It benchmarks the performance of its portfolio against the S&P 500 Index. The fund was previously known as Insured Municipal Income Fund, Inc. Special Opportunities Fund, Inc. was formed on February 18, 1993 and is domiciled in the United States.
Advisors' Opinion:- [By Whopper Investments]
For example, his Special Opportunity Fund (SPE) needed more capital to effectively implement its activist strategy after he took over. Unfortunately, most of the ways to raise capital are expensive and seriously dilute shareholder value. For example, a common stock offering, the most common way a closed end fund would raise capital, has to be priced at a discount and an investment bank needs to be paid to organize and sell it. Obviously, paying to issue shares at a discount is a disaster for long term shareholder value, so he instead pursued a rights offering for convertible preferred stock, which allowed the company to raise money without the expense of an investment bank while allowing shareholders the opportunity to increase their holdings in the fund without paying a commission. From the prospectus,
Hot Heal Care Stocks To Own For 2014: Belmont Resources Inc (BEA)
Belmont Resources Inc. (BEA), incorporated in 1978, is primarily engaged in the acquisition, exploration and development of resource properties. The Company is a uranium exploration and development company with key projects located in the Central Mineral Belt of Labrador, the Uranium City region of Northern Saskatchewan and the Reindeer / Wollaston Lake area bordering the Athabasca Basin of Northern Saskatchewan. BEA is focused on the development of these projects through joint venture agreements with other uranium companies. The Company�� properties include Saskatchewan property, Crackingstone and Orbit Lake, Labrador property, Tolmie property, Larder Lake property and Red Lake properties.
The Crackingstone and Orbit Lake claim comprises approximately 750 hectares in the Northern Mining District, Crackingstone River area, adjacent to JNR Resources Inc. (JNN) Crackingstone Project. BEA together with International Montoro Resources Inc. has signed an agreement in April and August 2006, to acquire 100% interest in three claim blocks (126 units approx. 4000 hectares (ha) in the Central Mineral Belt Uranium District, Labrador. Belmont's 64 unit (1024 ha) James Bay Lowlands property is located in north central Tolmie Township, Porcupine Mining Division, Ontario. Belmont also owns 100% interest in four claims (272 hectares) in Beatty Township, Larder Lake Mining Division, Northeastern, Ontario approx. 80 kilometer ENE from the city of Timmins. BEA and Montoro Resources Inc. have acquired 100% interest in two claim blocks (46 units) in the Red Lake Mining Camp: Bateman & Shaver Townships.
Advisors' Opinion:- [By Staff at Investopedia.com]
Making the Comparison
Gross domestic product figures can be released on a monthly or quarterly basis. For the United States, the Bureau of Economic Analysis (BEA), a branch of the US Commerce Department, releases final quarterly domestic figures—along with additional advanced or preliminary figures toward the end of each month. This report can also be released in either real or nominal conditions, the former being adjusted for the effects of inflation. The BEA also releases its GDP price index that has been used in competition with both consumer price index (CPI) and the personal consumption expenditures deflator as a gauge of consumer inflation.
Hot Heal Care Stocks To Own For 2014: Alkermes Inc.(ALKS)
Alkermes plc, an integrated biotechnology company, develops medicines that enhance patient outcomes. The company has a diversified portfolio of approximately 20 commercial drug products and a clinical pipeline of product candidates that address central nervous system (CNS) disorders, such as addiction, schizophrenia, and depression. It manufactures and commercializes VIVITROL for alcohol and opioid dependence; RISPERDAL CONSTA for schizophrenia and bipolar I disorder; INVEGA SUSTENNA for the treatment of schizophrenia; AMPYRA to improve walking in patients with multiple sclerosis; and BYDUREON for the treatment of type II diabetes. Alkermes? pipeline includes extended-release injectable and oral products for the treatment of prevalent, chronic diseases, such as central nervous system disorders, addiction, and diabetes. The company was founded in 1987 and headquartered in Dublin, Ireland.
Advisors' Opinion:- [By Brian Orelli]
Johnson & Johnson (NYSE: JNJ ) is the leader for the long-acting antipsychotic, selling $1.4 billion worth of Risperdal Consta and $800 million worth of Invega Sustenna last year. Alkermes (NASDAQ: ALKS ) also benefits from a royalty on both drugs. It developed the extended-release technology in Risperdal Consta, and Alkermes acquired the royalty rights to Invega Sustenna when it bought Elan's (NYSE: ELN ) drug technology division.
Hot Heal Care Stocks To Own For 2014: Renegade Petroleum Ltd (RPL)
Renegade Petroleum Ltd. (Renegade) is an exploitation and exploration focused light oil producer. Renegade's primary focus areas are located in southeast Saskatchewan in various pools, such as Bakken, Souris Valley, Frobisher, Midale and Kisby, as well as the Dodsland area of the Viking play in west-central Saskatchewan. It also has working interests in North Dakota pursuant to a farm-in agreement respecting land in Renville County that is prospective for Bakken, Threeforks/Sanish and Frobisher light oil. In addition the Company has a light oil opportunity in the Spearfish play in Manitoba. It has two geographic segments: western Canada and the State of North Dakota, the United Sates. In December 2012, the Company acquired certain strategic light oil assets. In February 2014, the Company closed the disposition of certain oil and gas assets in southeast Saskatchewan. Advisors' Opinion:- [By John Udovich]
Many American oil and gas investors are probably familiar with the major large and small cap players in the Bakken formation in North Dakota and Montana, but few American investors are probably familiar with�the active players further to the north in the�oil and gas rich Canadian provinces of Saskatchewan and Alberta�with small cap stocks like Alexander Energy Ltd (CVE: ALX), Renegade Petroleum Ltd (CVE: RPL) and Centor Energy Inc (OTCBB: CNTO) along with large cap Suncor Energy Inc (NYSE: SU) being among those�pumping out their share of noteworthy news lately. I should point out that�Canada�� oil reserves are ranked #3 after to Venezuela and Saudi Arabia with over 95% of these reserves being the controversial�oil sands of Alberta while the neighboring province of Saskatchewan (which the Bakken formation actually stretches into) along with offshore areas of Newfoundland also containing substantial production and reserves. Moreover and excluding the oil sands, Alberta would have 39% of Canada�� remaining conventional oil reserves,�followed by�offshore Newfoundland with�28% and Saskatchewan with 27%.
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