By Ironwood Investment Management
The Ironwood SMID Cap Value portfolio had a strong February. The strategy advanced 6% for the month. The strategy's materials and processing, producer durables, utility and energy stocks drove the strong performance.
Within those sectors some of the better performing stocks were Platform Specialty Products (PAH), Carrizo Oil & Gas (CRZO), Weatherford International (WFT), Xylem (XYL), Zynga (ZNGA) and Dynegy (DYN). The one thing all of these stocks have in common is that the management team is executing on the transition strategy that we outlined when we first purchased the stock.
We did not initiate any positions in February. Here are the positions eliminated in February.
Itron (ITRI): We owned Itron as of our January 1, 2013 inception date as we believed the new CEO Philip Mezey, hired in November 2012, would renew the company's focus on advancing its technology and rationalizing its cost structure after a series of mergers. This transition was needed as the company was facing a period of reduced levels of new orders.
Best Restaurant Companies To Own In Right Now: Commerce Bancshares Inc.(CBSH)
Commerce Bancshares, Inc. operates as the bank holding company for Commerce Bank, N.A. that provides various general banking services to individuals and businesses. It operates in three segments: Consumer, Commercial, and Wealth. The Consumer segment includes the retail branch network, consumer installment lending, personal mortgage banking, consumer debit and credit bank card activities, and student lending. The Commercial segment provides various corporate lending, merchant and commercial bank card products, leasing, and international services, as well as business and government deposit and cash management services. The Wealth segment offers traditional trust and estate tax planning services, brokerage services, and advisory and discretionary investment portfolio management services to personal and institutional corporate customers. This segment also manages a family of proprietary mutual funds, which are available for sale to trust and general retail customers. The comp any, through its other non-banking subsidiaries, involves in underwriting credit life and credit accident, and health insurance; selling property and casualty insurance; private equity investment; securities brokerage; mortgage banking; and leasing activities. It serves customers through a network of branches and ATM machines, online banking, and a central contact center from approximately 370 locations in Missouri, Kansas, Illinois, Oklahoma, and Colorado. Commerce Bancshares, Inc. was founded in 1966 and is headquartered in Kansas City, Missouri.
Advisors' Opinion:- [By John Maxfield]
Bank investors got their first glimpse of what first-quarter earnings might look like today when Commerce Bancshares (NASDAQ: CBSH ) reported its results. Shares of the Kansas City-based bank are trading sharply lower after its earnings per share fell by 4.3% on a year-over-year basis.
- [By Roland Head]
Today's earning calendar is fairly quiet ahead of tomorrow's results from JPMorgan and Wells Fargo, but Commerce Bancshares (NASDAQ: CBSH ) started off the financial reporting season this morning, reporting earnings of $0.72 per share -- a penny ahead of analyst expectations. The company credited "strong growth in loans, improved net interest income and continued free income growth," as well as "growth in revenues from our trust and corporate card businesses, which grew by 8% and 8.6%, respectively, compared to the second quarter of last year."
- [By Monica Gerson]
Commerce Bancshares (NASDAQ: CBSH) is projected to report its Q3 earnings at $0.72 per share on revenue of $254.92 million.
First Republic Bank (NYSE: FRC) is estimated to report its Q3 earnings at $0.76 per share on revenue of $320.72 million.
Top Mid Cap Companies To Buy Right Now: Simon Property Group Inc.(SPG)
Simon Property Group, Inc. is a real estate investment trust. The firm engages in investment, ownership, and management of properties. It invests in the real estate markets across the globe. The firm?s portfolio includes regional malls, premium outlet centers, the mills, community / lifestyle centers, and international properties. Simon Property Group was founded in 1960 and is based in Indianapolis, Indiana.
Advisors' Opinion:- [By Bryan Murphy]
Quick - what do Simon Property Group Inc. (NYSE:SPG), Dr. Pepper Snapple Group Inc. (NYSE:DPS), and Silicon Image, Inc. (NASDAQ:SIMG) have in common? If you said absolutely nothing, you'd be about 99% right. There's one common thing between SIMG, SPG, and DPS right now, however. What's that? All three stocks are on my personal "buy" list this week.
- [By U.S. News]
Linda Davidson/The Washington Post via Getty ImagesShoppers at the Tanger Outlet Mall in Oxon Hill, Md. There are few forms of shopping I enjoy more than outlet shopping. There is something about all of those discount stores packed so closely together that makes me super excited! But I am not going to tell you that all outlet stores are a good deal, because some of them are not. Also, brands sometimes create cheaper items to sell specifically in their outlet locations, and those are not always a smart buy. But for the most part, outlet malls are still an excellent way to save some money while picking up items for the entire family. Here are five ways to make the most of your trip to an outlet: 1. Figure out the outlet 'brand.' There are a couple of management companies that own quite a few outlet malls in the United States, including Premium Outlets (SPG) and Tanger Factory Outlet Centers (SKT). Before heading out, be sure to check the website for the entire outlet mall for any possible deals or coupons. Premium and Tanger Outlets also have Facebook (FB) pages where they will occasionally post coupons that you can print from home. 2. Look for an outlet discount card or VIP program. Many outlet malls have VIP savings programs that can save you big bucks throughout the year and also give you special access to new promotions and sales. The Fashion Outlets of Chicago opened last year and offer a Green Savings Card that costs $5 for a yearly membership. Those with a Green Savings Card receive extra discounts at a huge number of stores and restaurants in the mall, which is on top of the already low prices. 3. 'Like' the outlet store on Facebook. If there is an outlet store that you frequent, go ahead and like its Facebook page so that you will be one of the first to know about sales and promotions. The Kate Spade Outlet (KATE) will frequently post promotions to Facebook before emailing subscribers. The J. Crew Factory Store has offered special promotions th
- [By Brad Thomas]
REITs mentioned: (VTR), (OHI), (O), (DLR), (HCP), (HTA), (KIM), (FRT), (SPG), and (SKT).
Note: This article is intended to provide information to interested parties. As I have no knowledge of individual investor circumstances, goals, and/or portfolio concentration or diversification, readers are expected to complete their own due diligence before purchasing any stocks mentioned or recommended.
- [By Will Ashworth]
REITs such as Simon Property Group (SPG) and General Growth Properties (GGP) have enterprise values that are 20 times EBITDA, while LTM stock putters along at slightly less than nine times EBITDA.
Top Mid Cap Companies To Buy Right Now: Regeneron Pharmaceuticals Inc.(REGN)
Regeneron Pharmaceuticals, Inc., a biopharmaceutical company, discovers, develops, and commercializes pharmaceutical products for the treatment of serious medical conditions in the United States. The company?s commercial product includes ARCALYST (rilonacept) injection for subcutaneous use for the treatment of cryopyrin-associated periodic syndromes, including familial cold auto-inflammatory syndrome and muckle-wells syndrome in adults and children. Its products under Phase III clinical development stage consist of VEGF Trap-Eye, an aflibercept ophthalmic solution developed using intraocular delivery for the treatment of serious eye diseases; ARCALYST for the prevention of gout flares in patients initiating uric acid-lowering treatment; and Aflibercept (VEGF Trap), which is developed in oncology. The company?s earlier stage clinical programs include various human antibodies, such as REGN727 for low-density lipoprotein cholesterol reduction, REGN88 for rheumatoid arthritis and ankylosing spondylitis; REGN668 for atopic dermatitis and asthma; REGN421 and REGN910 for oncology; REGN475 for the treatment of pain; and REGN728 and REGN846. It also conducts preclinical research programs in the areas of oncology and angiogenesis, ophthalmology, metabolic and related diseases, muscle diseases and disorders, inflammation and immune diseases, bone and cartilage, pain, cardiovascular diseases, and infectious diseases. The company distributes its products through third party service providers. It has strategic collaboration with sanofi-aventis Group to discover, develop, and commercialize human monoclonal antibodies; and Bayer HealthCare LLC to develop and commercialize VEGF Trap. Regeneron Pharmaceuticals, Inc. was founded in 1988 and is based in Tarrytown, New York.
Advisors' Opinion:- [By Ben Levisohn]
Only the Nasdaq Composite showed the true destruction: It fell 2.6% to 4,127.73 on Friday and finished off 0.7% on the week. Among the big losers: E*Trade Financial (ETFC), which plunged 9.6% to $20.43 on concerns about its “pay for order flow” practices, Akamai Technologies (AKAM), which fell 6.7% to $54.35, Netflix (NFLX), which dropped 6% to $337.31 despite the fact that it might get a boost from Amazon’s (AMZN) new set-top box. Regeneron Pharmaceuticals (REGN) dropped 4.9% to $285.34 as biotech stocks got drubbed.
- [By Rich Duprey]
After watching sales of its macular degeneration drug Eylea�take off toward blockbuster status, biopharmaceuticals specialist Regeneron Pharmaceuticals (NASDAQ: REGN ) is eying new opportunities and bought the full rights to two novel ophthalmology programs it's been developing with Sanofi (NYSE: SNY ) .
Top Mid Cap Companies To Buy Right Now: Bwin.Party Digital Entertainment PLC (BPTY)
bwin.party digital entertainment plc (bwin.party) is a holding company. The Company is an online gaming company. It operates in five segments: sports betting, casino & games, poker, bingo; and other (including network services, World Poker Tour, InterTrader.com, WIN.com, software services and the payment services business). Its sport betting segment includes bwin, betoto, Gamebookers, Gioco Digitale and PartyBets. It�� Casino & games segment includes PartyCasino, bwin and GD Casino. Its poker segment includes PartyPoker, bwin and GD Casino. Its Bingo segment includes Foxy Bingo, Cheeky Bingo, Gioco Digitale and Binguez. The Company�� subsidiaries include BES SAS, bwin Argentina SA, bwin Italia S.r.l., bwin.party Games AB and Cashcade Limited. Its subsidiaries are engaged in management and information technology (IT) services, marketing services, online gaming, transaction services, customer support services, marketing support services and Land-based poker events. Advisors' Opinion:- [By Namitha Jagadeesh]
Bwin.Party Digital Entertainment Plc (BPTY) plunged 14 percent to 110 pence, the biggest drop since April 2011, after the online gaming company said 2013 sales will be 14 percent to 17 percent lower than last year�� figures. Analysts on average had forecast a sales drop of 9.2 percent.
Top Mid Cap Companies To Buy Right Now: Allergan Inc. (AGN)
Allergan, Inc., a multi-specialty healthcare company, discovers, develops, and commercializes specialty pharmaceutical, medical device, and over-the-counter products for the ophthalmic, neurological, medical aesthetics, medical dermatological, breast aesthetics, obesity intervention, urological, and other specialty markets worldwide. It operates in two segments, Specialty Pharmaceuticals and Medical Devices. The Specialty Pharmaceuticals segment offers a range of pharmaceutical products, including ophthalmic products for chronic dry eye, glaucoma therapy, ocular inflammation, infection, allergy, and retinal diseases; Botox for the therapeutic and aesthetic indications; skin care products for acne, psoriasis, and other skin care products; eyelash growth products; and urologics products. The Medical Devices segment offers a range of medical devices, such as breast implants for augmentation, revision, and reconstructive surgery; obesity intervention products, including the La p-Band System and the Orbera Intragastric Balloon System; and facial aesthetics products. The company also offers Contigen for the treatment of urinary incontinence due to intrinsic sphincter deficiency. It sells its products to drug wholesalers, independent and chain drug stores, pharmacies, commercial optical chains, opticians, mass merchandisers, food stores, hospitals, group purchasing organizations, integrated direct hospital networks, and ambulatory surgery centers, as well as to medical practitioners, including ophthalmologists, neurologists, dermatologists, plastic and reconstructive surgeons, aesthetic specialty physicians, bariatric surgeons, pediatricians, urologists, and general practitioners. Allergan, Inc. has strategic research collaboration agreements with ExonHit Therapeutics S.A.; Spectrum Pharmaceuticals, Inc.; and Pieris AG. The company was founded in 1948 and is headquartered in Irvine, California.
Advisors' Opinion:- [By Maria Armental var popups = dojo.query(".socialByline .popC"); popups.forEach]
William Ackman‘s Pershing Square Capital Management L.P. has asked a Delaware court to confirm that its recent push for a special meeting of Allergan Inc.(AGN) shareholders won’t trigger the Botox maker’s poison pill.
Top Mid Cap Companies To Buy Right Now: Enel SpA (ENEL)
Enel SpA is an Italy-based company engaged in the utilities sectors. It operates in seven divisions. The Sales segment focuses on the sale of electricity and gas products and services for end users. The Generation and Energy Management is involved in generation with thermal, natural gas regasification and schedulable hydroelectric power plants. The Infrastructure and Networks distributes electricity and public lighting. The Iberia and Latin America operates in the electricity and gas markets of Spain, Portugal and Latin America. The International segment supports strategies for the European and Russian markets. The Renewable Energy is active in the generation of electricity from renewable resources. The Engineering and Research develops the conventional and nuclear construction of power plants. In November 2013, through Enel Investment Holding BV, it sold a 40% stake in Artic Russia BV, which in turn owns a 49% of the share capital of SeverEnergia, to NK Rosneft' OAO. Advisors' Opinion:- [By Jonathan Morgan]
Enel SpA (ENEL) retreated 3.8 percent to 3.22 euros after Deutsche Bank AG said that its estimates for earnings at Italy�� biggest utility show no potential for growth for 2013 or 2014.
Top Mid Cap Companies To Buy Right Now: HCA Holdings Inc (HCA)
HCA Holdings, Inc. (HCA), incorporated in January 1990, is a holding company whose affiliates owns and operates hospitals and related health care entities. HCA is a health care services companies in the United States. At December 31, 2011, it operated 163 hospitals, comprised of 157 general, acute care hospitals; five psychiatric hospitals, and one rehabilitation hospital. In addition, it operated 108 freestanding surgery centers. Its operations are structured into three geographically organized groups: the National, Southwest and Central Groups. At December 31, 2011, the National Group includes 64 hospitals located in Florida, South Carolina, southern Georgia, Alaska, California, Nevada, Utah and Idaho, the Southwest Group includes 46 hospitals located in Colorado, Texas, Oklahoma and the Wichita, Kansas market, and the Central Group includes 47 hospitals located in Louisiana, Indiana, Kentucky, Tennessee, Virginia, New Hampshire, northern Georgia and the Kansas City market. The Company also operates six hospitals in England, and these facilities are included in the Corporate and other group. Its facilities are located in 20 states and England. During October 2011, the Company completed its acquisition of the Colorado Health Foundation�� (Foundation).In December 2011, it sold Palmyra Medical Center in Albany, Ga.
The Company�� general, acute care hospitals typically provide a range of services to accommodate such medical specialties as internal medicine, general surgery, cardiology, oncology, neurosurgery, orthopedics and obstetrics, as well as diagnostic and emergency services. Outpatient and ancillary health care services are provided by its general, acute care hospitals, freestanding surgery centers, diagnostic centers and rehabilitation facilities. Its psychiatric hospitals provide a full range of mental health care services through inpatient, partial hospitalization and outpatient settings.
The Company owns, manages or operates hospitals; freestanding surgery cente! rs; diagnostic and imaging centers; radiation and oncology therapy centers; rehabilitation and physical therapy centers, and various other facilities. At December 31, 2011, it owned and operated 157 general, acute care hospitals with 40,988 licensed beds. Most of its general, acute care hospitals provide medical and surgical services, including inpatient care, intensive care, cardiac care, diagnostic services and emergency services. The general, acute care hospitals also provide outpatient services such as outpatient surgery, laboratory, radiology, respiratory therapy, cardiology and physical therapy. At December 31, 2011, it operated five psychiatric hospitals with 506 licensed beds. Its psychiatric hospitals provide therapeutic programs including child, adolescent and adult psychiatric care, adult and adolescent alcohol and drug abuse treatment and counseling.
The Company also operates outpatient health care facilities, which include freestanding ambulatory surgery centers (ASCs), freestanding emergency care facilities, diagnostic and imaging centers, comprehensive outpatient rehabilitation and physical therapy centers, outpatient radiation and oncology therapy centers and various other facilities. Most of its ASCs are operated through partnerships or limited liability companies, with majority ownership of each partnership or Limited Liability Company typically held by a general partner or subsidiary that is an affiliate of HCA. Certain of its affiliates provide a variety of management services to its health care facilities, including patient safety programs; ethics and compliance programs; national supply contracts; equipment purchasing and leasing contracts; accounting, financial and clinical systems; governmental reimbursement assistance; construction planning and coordination; information technology systems and solutions; legal counsel; human resources services; and internal audit services. Under the Medicare program, it receives reimbursement under a prospective payment system (PPS) ! for gener! al, acute care hospital inpatient services.
Advisors' Opinion:- [By Michael Douglass and David Williamson]
Metal plans help consumers understand the so-called actuarial value of their plan, or what percentage of essential health benefits their plan covers. The lowest actuarial value plans are bronze, followed by silver, gold, and platinum. The death spiral refers to the fear that the final insurance pool for 2014 may be less healthy than insurers had anticipated, causing them to lose money and thereby raise premiums next year. Michael and David consider the two main issues with the death spiral argument. The individual mandate, or the law�� requirement that all individuals get insurance or face tax penalties, has consistently been the least popular aspect of Obamacare, but hospitals, including large for-profit operators Tenet Healthcare (NYSE: THC ) and HCA Holdings (NYSE: HCA ) , are poised to benefit. See the video to find out why.
- [By Lee Jackson]
HCA Holdings Inc. (NYSE: HCA) is another one of the top hospital names to buy on the J.P. Morgan list. The analysts believe HCA has scale advantages as the largest private hospital operator in the United States and is diversified geographically. The company also benefits from local market density, with the number one or number two market share in most of its local markets. They also view the company’s experienced management team as a strong positive. The price target is moved from $43 to $50. The consensus target is $47.
- [By Johanna Bennett]
In a note published today, Goldman Sachs analysts Robert Boroujerdi, John Marshall, Michael Chanin and Krag Gregory say not much gfear�has been�priced into put options for either the S&P 500 or stocks with higher exposure to government spending. As a result, they suggest one of the following hedging strategies:
Buy the optimal SPX puts to hedge a 5% down-move: Buying a November 1650 put on the S&P 500 index costs 1.2% and Goldman estimates a 2.7-to-1 payout if the index falls 5% by mid-October. Beware of government exposure: The firm tracks a basket of more than 100 companies that derive at least 20% of their revenue from the government. Though the list includes defense contractors and tech giant, more than half of the names are health-care companies, including Amgen (AMGN), HCA (HCA) and UnitedHealth Group (UNH). Buy puts on stocks with high government exposure: November puts on government-exposed names cost 2.4% on average (5% out of the money strike)
