In addition, the National Highway Traffic Safety Administration said that it has the authority to refer to the Justice Department as early as Wednesday GM's "deficiency" in answering the agency's 107 questions about events leading to the recall.
Justice could sue GM to get all of NHTSA's questions answered as fast as possible. That would be an action separate from the department's ongoing criminal investigation into GM's handling of the recall.
"It is a very stern letter. NHTSA intends to deal very strictly with GM," said Carl Tobias, law professor at the University of Richmond.
Top Heal Care Stocks To Own For 2015: Avnet Inc. (AVT)
Avnet, Inc., together with its subsidiaries, distributes electronic components, enterprise computer and storage products, and embedded subsystems in the Americas, Europe, the Middle East, Africa, Asia, Australia, and New Zealand. It operates in two segments, Electronics Marketing (EM) and Technology Solutions (TS). The EM segment markets and sells semiconductors; interconnect, passive, and electromechanical devices; and embedded products and embedded computing solutions, including technical design, integration, and assembly services to developers of application-specific computing solutions in the non-PC market. It also provides engineers with a host of technical design solutions in support of the sales process of complex products and technologies; engineering and technical resources to support product design, bill of materials development, design services, and technical education and training; and supply chain services focused on original equipment manufacturers (OEMs), el ectronic manufacturing services providers, and electronic component manufacturers. This segment primarily serves electronic component manufacturers in various markets, including automotive, communications, computer hardware and peripheral, industrial and manufacturing, medical equipment, military and aerospace, telecommunications, industrial, and digital editing. The TS segment markets and sells mid-to high-end servers, data storage, and software, as well as provides services required to implement such products and solutions to the value-added reseller channel. It also focuses on the worldwide OEM market for computing technology, system integrators, independent software vendors, and non-PC OEMs that require embedded systems and solutions, including engineering, product prototyping, integration, and other value-added services. The company was founded in 1955 and is headquartered in Phoenix, Arizona.
Advisors' Opinion:- [By Roberto Pedone]
One electronics wholesales player that insiders are active in here is Avnet (AVT), which distributes electronic components, enterprise computer and storage products, IT solutions and services, and embedded subsystems in the Americas, Europe, the Middle East, Africa, and the Asia/Pacific. Insiders are buying this stock into modest weakness, since shares are down by 4.3% so far in 2014.
Avnet has a market cap of $5.8 billion and an enterprise value of $6.9 billion. This stock trades at a reasonable valuation, with a trailing price-to-earnings of 12 and a forward price-to-earnings of 8.4. Its estimated growth rate for this year is 9.4%, and for next year it's pegged at 8.2%. This is not a cash-rich company, since the total cash position on its balance sheet is $928.97 million and its total debt is $2.08 billion. This stock currently sports a dividend yield of 1.4%.
A director just bought 191,000 shares, or about $7.91 million worth of stock, at $41.43 per share.
From a technical perspective, AVT is currently trending below both its 50-day and 200-day moving averages, which is bearish. This stock recently formed a double bottom chart pattern at $40.90 to $40.77 a share. Following that bottom, shares of AVT have started to rip higher with strong upside volume flows.
If you're bullish on AVT, then I would look for long-biased trades as long as this stock is trending above that recent low of $40.77 and then once it breaks out above its 200-day at $42.71 and its 50-day at $43.59 a share 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 661,673 shares. If that breakout begins soon, then AVT will set up to re-test or possibly take out its next major overhead resistance levels at $43.95 to $45.24 a share, or $45.53 a share. Any high-volume move above $45.53 will then give AVT a chance to re-fill its previous gap-down-day zone from April that started at
- [By Rich Duprey]
Electronic components distributor�Avent (NYSE: AVT ) announced today�that it is initiating a quarterly dividend program starting with a rate of $0.15 per share.�The board of directors said the quarterly dividend is payable on September 20 to holders of record at the close of business on September 10.�
10 Best Stocks For 2014: Eastern Co (EML)
The Eastern Company, incorporated in October, 1912, is engaged in the manufacture and sale of industrial hardware, security products and metal products from four United States operations and six wholly owned foreign subsidiaries. The Company maintains ten physical locations. The Company operates in three segments: Industrial Hardware, Security Products and Metal Products. The Industrial Hardware segment consists of Eberhard Manufacturing, Eberhard Hardware Manufacturing Ltd., Canadian Commercial Vehicles Corporation, Eastern Industrial Ltd. and Sesamee Mexicana, S.A. de C.V. The Security Products segment is made up of Greenwald Industries, Illinois Lock Company/CCL Security Products/Royal Lock, World Lock Company Ltd. and World Security Industries Ltd. The Metal Products segment is based at the Company�� Frazer & Jones facility.
Industrial Hardware
The industrial hardware segment units design, manufacture and market a diverse product line of industrial and vehicular hardware throughout North America. The segment�� locks, latches, hinges, handles, lightweight honeycomb composite structures and related hardware can be found on tractor-trailer trucks, moving vans, off-road construction and farming equipment, school buses, military vehicles and recreational boats. They are also used on pickup trucks, sport utility vehicles and fire and rescue vehicles. In addition, the segment manufactures a selection of fasteners and other closure devices used to secure access doors on various types of industrial equipment, such as metal cabinets, machinery housings and electronic instruments.
Eastern Industrial expands the range of offerings of this segment to include plastic injection molding. Typical products include passenger restraint locks, slam and draw latches, dead bolt latches, compression latches, cam-type vehicular locks, hinges, tool box locks, light-weight sleeper boxes for Class eight trucks and school bus door closure hardware. The products are sold directly to ! original equipment manufacturers and to distributors through a distribution channel consisting of in-house salesmen and outside sales representatives. The industrial segment sells its products to an array of markets, such as the truck, bus and automotive industries, as well as to the industrial equipment, military and marine sectors.
Security Products
The Security Products segment manufactures electronic and mechanical locking devices, both keyed and keyless, for the computer, electronics, vending and gaming industries. The segment also supplies its products to the luggage, furniture, laboratory equipment and commercial laundry industries. Greenwald manufactures and markets coin acceptors and other coin security products used primarily in the commercial laundry markets, as well as hardware and accessories for the appliance industry. In addition, the segment provides a level of security for the access control, municipal parking and vending markets through the use of smart card technology.
Greenwald�� products include timers, drop meters, coin chutes, money boxes, meter cases, smart cards, value transfer stations, smart card readers, card management software, access control units, oven door latches, oven door switches and smoke eliminators. Illinois Lock Company/CCL Security Products/Royal Lock sales include cabinet locks, cam locks, electric switch locks, tubular key locks and combination padlocks. Many of the products are sold under the names SEARCHALERT, PRESTOSEAL, DUO, WARLOCK, SESAMEE, BIG TAG, PRESTOLOCK and HUSKI. These products are sold to original equipment manufacturers, distributors, route operators and locksmiths.
Metal Products
The Metal Products segment produces expansion shells for use in supporting the roofs of underground mines. This segment also manufactures specialty malleable and ductile iron castings. Typical products include mine roof support anchors, couplers for railroad braking systems, adjustable clamps for con! struction! and fittings for electrical installations. Mine roof support anchors are sold to distributors and directly to mines, while specialty castings are sold to original equipment manufacturers.
Advisors' Opinion:- [By Sally Jones]
Eastern Co. (EML) - Market Cap $96.49 Million
Eastern Co. is down 16% over 12 months. The company has a market cap of $96.49 million; its trades at around $15.55 with a P/E ratio of 13.60 and a P/B ratio of 1.30.
10 Best Stocks For 2014: Sterling Bancorp(STL)
Sterling Bancorp operates as a bank holding company for Sterling National Bank that provides a range of banking and financial products and services in the Untied States primarily in New York, New Jersey, and Connecticut. It accepts various deposit products, including checking accounts, money market accounts, negotiable order of withdrawal accounts, savings accounts, rent security accounts, retirement accounts, and certificates of deposits; and deposit services comprising account management and information, disbursement, reconciliation, collection and concentration, ACH, and others. The company also provides business and consumer lending, asset-based financing, factoring/accounts receivable management services, equipment leasing, commercial and residential mortgage lending and brokerage, and trade financing services for commercial, industrial and financial companies, and government and non-profit entities. In addition, it offers financing and human resource business process outsourcing support services for the temporary staffing industry, which comprise full back-office, computer, tax, and accounting services, as well as financing to independently-owned staffing companies. The company operates 12 offices, including 9 offices in New York City, two branches in Nassau County, and 1 branch in Yonkers, New York. Sterling Bancorp was founded in 1929 and is based in New York, New York.
Advisors' Opinion:- [By Corinne Gretler]
Statoil ASA (STL) rose 4.2 percent to 137.60 kroner. Norway�� biggest energy company made its third oil discovery off the coast of Canada in the Flemish Pass basin. Bank of America Corp. raised the stock to buy from neutral.
- [By Jon C. Ogg]
The M&T Bank Corp. (NYSE: MTB) and Hudson City Bancorp Inc. (NASDAQ: HCBK) transaction is the only pending deal of 2012 vintage due to various regulatory concerns. MTB currently has 9% short interest outstanding and PACW 15%. Another merger covered is the deal between Provident New York Bancorp (NASDAQ: PBNY) and Sterling Bancorp (NYSE: STL), and the balance are simply too small for us to warrant effort.
10 Best Stocks For 2014: PRGX Global Inc.(PRGX)
PRGX Global, Inc., together with its subsidiaries, provides recovery audit, healthcare claims recovery audit, and analytics and advisory services. The company?s recovery audit services are based on the mining and auditing of clients? purchasing data for overpayments to suppliers; and healthcare claims recovery audit services consist of identification of overpayments and underpayments made to healthcare providers, such as hospitals and physicians? practices. Its analytics and advisory services focuses on client functional and process areas and provides services to senior finance executives to optimize working capital, reduce enterprise costs, transform the finance function, and enhance corporate performance. The company serves retailers, such as discount, department, specialty, grocery, and drug stores; business enterprises, including manufacturers, financial services firms, and pharmaceutical companies; private sector health insurance companies, and state and federal go vernment payers consisting of the centers for Medicare and Medicaid Services; and federal and state government agencies. It has operations in the United States, Canada, rest of Latin America, Europe, Asia, and rest of the Pacific region. The company was formerly known as PRG-Schultz International, Inc. and changed its name to PRGX Global, Inc. in January 2010. PRGX Global, Inc. was founded in 1990 and is based in Atlanta, Georgia.
Advisors' Opinion:- [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 PRGX Global (Nasdaq: PRGX ) , whose recent revenue and earnings are plotted below.
10 Best Stocks For 2014: LVMH Moet Hennessy Louis Vuitton SA (MC)
LVMH Moet Hennessy Louis Vuitton SA, (LVMH), is a France-based luxury goods company. It owns a portfolio of luxury brands and its business activities are divided into five segments: Wines and Spirits, Fashion and Leather Goods, Perfumes and Cosmetics, Watches and Jewelry, and Selective Retailing. The activities of the wines and spirits sector include the Champagne and Wines branch, and the Cognac and Spirits branch. The Fashion and Leather Goods group includes Louis Vuitton, Kenzo and Rossimoda among others. LVMH is present in the perfume and cosmetics sector through the French Houses Christian Dior and other brands. Watches and Jewelry sells such products as TAG Heuer, Zenith, Dior Watches, Chaumet and Fred, among others. Selective Retailing businesses operate in two segments: travel retail and the seleLVMH ctive retail concepts represented by Sephora and Le Bon Marche. In September 2013, the Company acquired majority stake in Nicholas Kirkwood, a British shoe designer company. Advisors' Opinion:- [By Sarah Jones]
LVMH Moet Hennessy Louis Vuitton (MC) SA rose 2.1 percent to 123.30 euros after Goldman Sachs Group Inc. added the luxury- goods maker to its conviction buy list, saying the stock�� underperformance presented an opportunity to invest. The shares fell 8 percent from April 15 through yesterday after the company reported the slowest growth in sales of fashion and leather products since 2009.
- [By Sue Chang]
Moelis & Co. (MC) , an independent investment bank, is offering 7.3 million shares and is likely to begin trading in the stock market on Wednesday. The initial public offering is expected to price in a range of $26 to $29.
- [By Stephen Grocer]
High-profile offerings from boutique investment bank Moelis(MC) & Co. and travel-technology firm Sabre Corp.(SABR) sold fewer shares at a lower price than both expected lat week. On the day they debuted, shares of the two companies rose 4.6% and 3%, respectively.
10 Best Stocks For 2014: Amyris Inc.(AMRS)
Amyris, Inc., an integrated renewable products company, provides alternatives to a range of petroleum-sourced products used in specialty chemical and transportation fuel markets worldwide. The company uses its industrial synthetic biology platform to modify microorganisms, primarily yeast, to convert plant-sourced sugars into a variety of hydrocarbon molecules that serve as flexible building blocks to be used in a range of products. It is also involved in the sale of ethanol and ethanol blended gasoline to wholesale customers through a network of terminals primarily in the southeastern Unites States. In addition, the company sells farnesene or Biofene, which is used as an ingredient in a range of consumer and industrial products, including detergents, cosmetics, perfumes, and industrial lubricants. Further, it focuses on the commercialization of renewable diesel and jet fuel. The company was formerly known as Amyris Biotechnologies, Inc. and changed its name to Amyris, Inc . in June 2010. Amyris, Inc. was founded in 2003 and is headquartered in Emeryville, California.
Advisors' Opinion:- [By Maxx Chatsko]
Don't forget about...
Gevo may be a promising renewable fuel partner for Uncle Sam, but it isn't the only one. Solazyme (NASDAQ: SZYM ) began extensive testing on three of its fuels -- two renewable diesels and one renewable jet fuel -- with the U.S. Navy in 2009. The company supplied 600,000 gallons of fuels between 2011 and 2012 under various programs. Similarly, Amyris (NASDAQ: AMRS ) is working with DARPA under The Living Foundries program to build a quickly scalable industrial biotechnology platform. While it could one day be used for fuels or chemicals, vaccines or nutritionals, such a breakthrough would certainly catch the eye of the petroleum-guzzling DoD. Outside of the project, the company is working toward supplying commercial quantities of renewable jet fuel with partner Total by 2014 and already supplies renewable diesel in Brazil.
10 Best Stocks For 2014: Kimberly-Clark Corporation(KMB)
Kimberly-Clark Corporation, together with its subsidiaries, engages in the manufacture and marketing of various health care products worldwide. The company operates in four segments: Personal Care, Consumer Tissue, K-C Professional & Other, and Health Care. The Personal Care segment provides disposable diapers, training and youth pants, and swimpants; baby wipes; and feminine and incontinence care products, and related products. It offers its products primarily for household use under various brand names, including Huggies, Pull-Ups, Little Swimmers, GoodNites, Kotex, Lightdays, Depend, and Poise. The Consumer Tissue segment offers facial and bathroom tissue, paper towels, napkins, and related products for household use under the Kleenex, Scott, Cottonelle, Viva, Andrex, Scottex, Hakle, and Page brands. The K-C Professional & Other segment offers facial and bathroom tissue, paper towels, napkins, wipers, and a range of safety products for the away-from-home marketplace und er Kimberly-Clark, Kleenex, Scott, WypAll, Kimtech, KleenGuard, Kimcare, and Jackson brand names. The Health Care segment offers disposable health care products, such as surgical drapes and gowns, infection control products, face masks, exam gloves, respiratory products, pain management products, and other disposable medical products under the Kimberly-Clark, Ballard, and ON-Q brand names. The company sells its products to supermarkets; mass merchandisers; drugstores; warehouse clubs; variety and department stores; retail outlets; manufacturing, lodging, office building, food service, and health care establishments; and high volume public facilities. It markets its products through wholesalers, distributors, and direct sales. The company was founded in 1872 and is based in Dallas, Texas.
Advisors' Opinion:- [By guruek]
According to GuruFocus Insider Data, these are the largest insider buys during the past week: Kimberly-Clark Corporation (KMB), Ecolab Inc. (ECL), Delta Air Lines Inc. (DAL), Green Mountain Coffee Roasters, Inc. (GMCR), and NiSource Inc. (NI).
- [By Tannor Pilatzke]
K-C is 2 for 3 in regards to value creation at the parent (KMB) but they are batting 0.333 when it comes to providing lucrative deals for the capital markets to absorb. It is early, and much of the information regarding the deal will be coming in 2014 so I can not say wether the deal is enticing to me or not, but the health care business priced attractively, could be a big winner by 2017.
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