Has the current market environment begun to favor less speculative companies and investment managers with a more active orientation? Director of Investments, Managing Director, and Portfolio Manager Whitney Georgetalks about valuations, sectors and industries that he believes look promising, and some names in which he has high conviction.
Many of the portfolios you manage or co-manage have done very well so far in 2014. What conditions have helped to drive the rebound?The market has definitely been improving for our style of investing��e'd like to think it's also normalizing; that is, returning to a more historically typical performance cycle in which company fundamentals matter. This started more than a year ago when taper talk began and interest rates started to rise.
Around that same time it became pretty clear that legislative agendas were being closed down in Washington, creating a gridlock that seems to have removed some uncertainty. Businesses no longer have to guess what might happen politically because it's become almost impossible to get anything done. This isn't likely to change until after this year's mid-term elections at the earliest. Correlation levels across all asset classes are also declining. It feels like a better market for active management overall.
5 Best Gold Stocks To Watch Right Now: (LTUM)
Lithium Corporation, an exploration stage company, engages in the identification, acquisition, and exploration of metals and minerals with a focus on lithium mineralization in Nevada. It holds interests in Fish Lake Valley property that covers approximately 7,360 acres located in west central Nevada in northern Esmeralda County; Salt Wells property, which covers approximately 8,500 acres in Churchill County; and Cortez property that consists of approximately 4,960 acres located in Lander County, Nevada. The company was formerly known as Utalk Communications Inc. and changed its name to Lithium Corporation in September 2009. Lithium Corporation was founded in 2007 and is based in Reno, Nevada.
Advisors' Opinion:- [By CRWE]
Today, LTUM has shed (-19.80%) down -0.0079 at $.0320 with 33,100 shares in play thus far (ref. google finance Delayed: 11:18AM EDT June 26, 2013), but don�� let this get you down.
Location Based Technologies, Inc. previously reported it received FCC and IC certification for its versatile LBT-886 device. These certifications are necessary before devices can be sold to consumers throughout the US and Canada.
Lithium Corporation previously reported it has recently acquired a new Graphite (BC Sugar) prospect in the Shuswap area of British Columbia, in an under-explored area. In addition to the acquired claim, Lithco has also staked another four claims, to bring the total area to be explored by the Company to 3,405.77 acres (1,378.27 hectares). Although graphite has been identified locally in marbles, it has become apparent that graphite is also hosted here in quartz, biotite/mica gneisses, and also in calc-silicate gneisses. The host rocks at BC Sugar are similar to the host rocks in the area of the Crystal Graphite deposit 55 miles (90 kms) to the Southeast, where Lithium Corporation holds the Mt Heimdal block of claims.
Top Promising Stocks To Buy Right Now: ArcelorMittal SA (MT)
ArcelorMittal, incorporated on June 8, 2001, is a global steel producer. During the year ended December 31, 2010, ArcelorMittal had steel shipments of approximately 85 million tons and crude steel production of approximately 90.6 million tons. ArcelorMittal produces a range of finished and semi-finished products. ArcelorMittal produces flat products, including sheet and plate, long products, including bars, rods and structural shapes, and stainless steel products. The Company operates in five segments: Flat Carbon Americas; Flat Carbon Europe; Long Carbon Americas and Europe; Asia, Africa and Commonwealth of Independent States (CIS) (AACIS), and Distribution Solutions. ArcelorMittal also produces pipes and tubes for various applications. ArcelorMittal sells its products in local markets and through its centralized marketing organization to a range of customers in approximately 174 countries, including the automotive, appliance, engineering, construction and machinery industries. On February 18, 2011 ArcelorMittal and Nunavut Iron Acquisition Inc. announced they had taken up over 93% of the Baffinland Iron Mines Corporation (Baffinland) under their joint offer. On January 25, 2011, ArcelorMittal approved the spin-off of ArcelorMittal�� stainless and specialty steels business into Aperam. On September 20, 2010, ArcelorMittal Poland completed the acquisition of Zaklady K Zdzieszowice. On July 23, 2010, the Company completed the acquisition of ArcelorMittal Ostrava. On July 5, 2010, the Company completed a disposition of the Anzherskaya coal mine in Russia.
Flat Carbon Americas
ArcelorMittal�� Flat Carbon Americas segment has production facilities in both North and South America, including the United States, Canada, Brazil and Mexico. As of December 31, 2010, ArcelorMittal USA had 18 production facilities, consisting of four integrated steel-making plants, one basic oxygen furnace/compact strip mill, six electric arc furnace plants, five finishing plants, and two coke-makin! g operations. ArcelorMittal USA�� operations include both flat carbon and long carbon production facilities. ArcelorMittal USA�� main flat carbon operations include integrated steel-making plants at Indiana Harbor, Burns Harbor and Cleveland. ArcelorMittal USA, through various subsidiaries, owns interests in joint ventures, including ArcelorMittal Tek, ArcelorMittal Kote, Double G Coatings, PCI Associates, and Hibbing Taconite Company. ArcelorMittal USA also owns several short-line railroads that transport materials among its facilities, as well as raw material assets. ArcelorMittal USA operates an iron ore mine through its wholly owned subsidiary ArcelorMittal Minorca. ArcelorMittal Coal Group USA, LLC and its subsidiaries operate surface mines and deep mines in McDowell County, as well as a surface mine in Tazewell County.
ArcelorMittal Tubarao (AMT), a wholly owned subsidiary of ArcelorMittal Brasil, has two production facilities: the Tubarao integrated steel making facility and the Vega finishing complex. ArcelorMittal Lazaro Cardenas (AMLC) is a steel producer in Mexico. AMLC operates a pelletizer plant, two direct reduced iron plants, electric arc furnace-based steel-making plants and continuous casting facilities. ArcelorMittal Dofasco Inc. (Dofasco) is a North American steel solution provider and manufacturer of flat rolled steels. Its products include hot-rolled, cold rolled, galvanized and tinplate, as well as tubular products and laser-welded blanks. ArcelorMittal Mines Canada is a North American producer of iron ore products, including concentrate and several types of pellets. During 2010, the mines in aggregate produced 15.1 million tons of pellets and concentrates.
Flat Carbon Europe
ArcelorMittal�� Flat Carbon Europe segment has production facilities in Western and Eastern Europe, including Germany, Belgium, France, Spain, Italy, Luxembourg, Romania, Poland, Macedonia, Estonia and the Czech Republic. ArcelorMittal�� Flat Carbon Europe segm! ent has p! roduction facilities in Western and Eastern Europe, including Germany, Belgium, France, Spain, Italy, Luxembourg, Romania, Poland, Macedonia, Estonia and the Czech Republic. During 2010, ArcelorMittal Bremen GmbH produced 3.3 million tons of crude steel. The facilities of ArcelorMittal Liege Upstream are located in two main plants along the Meuse River: the Seraing-Ougree plant, which includes a coke plant, a sinter plant and two blast furnaces, and the Chertal plant, which includes a steel shop with three converters, a ladle metallurgy, two continuous caster machines and a hot strip mill. During 2010, ArcelorMittal Liege Upstream produced 0.9 million tons of crude steel. ArcelorMittal Atlantique is part of ArcelorMittal Atlantique et Lorraine, which is wholly owned by ArcelorMittal France. It has four plants in the north of France, located in Dunkirk, Mardyck, Montataire and Desvres. During 2010, ArcelorMittal Atlantique et Lorraine S.A.S. produced 5.3 million tons of crude steel.
During 2010, ArcelorMittal Eisenhuttenstadt GmbH produced 1.9 million tons of crude steel. It produces and sells a range of products, including hot-rolled, cold-rolled, electrical and hot dip galvanized and organic-coated rolls to automotive, distribution, metal processing, construction and appliances industry customers in Germany, Central and Eastern Europe. ArcelorMittal Mediterranee S.A.S. operates a flat carbon steel plant in Fos-sur-Mer. It also operates a finishing facility for electrical steel located in Fos-sur-Mer. ArcelorMittal Mediterranee S.A.S.�� principal equipment consists of one coke oven plant, one sinter plant, two blast furnaces, two basic oxygen furnaces, two continuous slab casters, one hot strip mill, one pickling line, one cold rolling mill and two continuous annealing lines. ArcelorMittal Mediterranee�� products include coils to be made into wheels, pipes for energy transport and coils for finishing facilities for exposed and non-exposed parts of car bodies, as well as the constructio! n, home a! ppliance, packaging, pipe and tube, engine and office material industries. ArcelorMittal Gent is an integrated coastal steelworks. ArcelorMittal Liege produces a range of steel grades, including a range of construction steels and micro-alloyed grades.
ArcelorMittal Piombino manufactures galvanized and organic-coated steel products. During 2010, it operated one pickling line, four-stand tandem mill, three hot dip galvanizing lines and three organic coating lines. ArcelorMittal Piombino�� products are sold to European customers, primarily in the distribution, appliance and construction industries. During 2010, ArcelorMittal Dudelange operated two hot dip-coating lines, producing Alussi and Aluzinc, and two electro galvanizing lines for appliances and industries. ArcelorMittal Sagunto is a flat steel finishing products. The facilities consist of a pickling line, a regeneration plant for hydrochloric acid and a full continuous five stands tandem mill. ArcelorMittal Sestao�� equipment consists of two electric arc furnaces, two continuous slab casters, one hot rolling mill and one pickling line. During 2010, ArcelorMittal Sestao produced 1.3 million tons. ArcelorMittal Sestao is a supplier of hot-rolled, pickled and oiled coils to the Spanish market. Its range of production includes cold forming and drawing steels, structural steels, cold for re-rolling, direct galvanization, dual phase, weather resistance and floor plates.
ArcelorMittal Poland S.A. (AMP) is a steel producer in Poland. AMP�� Zdzieszowice Coke Plant produces and supplies coke to ArcelorMittal subsidiaries and third parties. AMP produces coke and a range of steel products, including both long products and flat products. Its product range includes slabs, billets, blooms, sections, rails, hot-rolled sheets and strips, cold rolled sheets and strips, galvanized sheets, heavy plates, wire-rods, wires and other wire products and coated sheets and coils. During 2010, ArcelorMittal Galati S.A. produced 1.9 million tons! of crude! steel which were sold as plates, hot-rolled coil, cold rolled coil and galvanized products for the Romanian, Turkish and Balkan markets. ArcelorMittal Ostrava a.s. produces both flat and long carbon products. ArcelorMittal Annaba produces both flat and long carbon products.
Long Carbon Americas and Europe
ArcelorMittal�� Long Carbon Americas and Europe segment has production facilities in North and South America and Europe, including the United States, Canada, Brazil, Argentina, Costa Rica, Mexico, Trinidad, Spain, Germany, France, Luxembourg, Poland, Romania, Morocco, Algeria, Bosnia and Herzegovina and the Czech Republic. ArcelorMittal Brasil S.A. is a long-rolled steel producer and the wire steel producer in Latin America in terms of both capacity and sales. During 2010, ArcelorMittal Brasil S.A.�� steel production facilities included one integrated plant, one semi-integrated steel plant, three mini-mills, nine wire plants and three plants that produce transformed steel products. In addition, ArcelorMittal Brasil S.A., through its subsidiary, produces charcoal from eucalyptus forestry operations that is used to fuel its furnaces in Juiz de Fora and or to exchange for pig iron with local producers, and through the jointly controlled entity Guilman Amorin, produces energy used to supply the Joao Monlevade plant. During 2010, it produced 3.4 million tons of crude steel and a total of 3.3 million tons of rolled products, of which 0.6 million tons were processed to manufacture wire products. Andrade Mine is an iron ore producer located in the Minas Gerais state of Brazil. In 2010, Andrade Mine produced 1.6 million tons of iron ore.
ArcelorMittal Mineracao Serra Azul is an iron ore producer located in the Minas Gerais state of Brazil. It supplies sinter feed to ArcelorMittal plants in Europe and domestic market and also lump ore for local pig iron producers and certain ArcelorMittal Brasil integrated plants. During 2010, ArcelorMittal Mineracao Serra Azul produ! ced 3.3 m! illion tons of iron ore. It produces rebars, wire rod, merchant bars, special bar quality (SBQ), wires, wire mesh, cut and bend and drawn bars. Acindar�� own distribution network can also service end-users. ArcelorMittal Point Lisas Ltd. is a steelmaker in the Caribbean. During 2010, ArcelorMittal Point Lisas exported substantially all of its wire rod shipments, to steel manufacturers in South and Central America, the Caribbean and the United States. ArcelorMittal USA produces both flat and long carbon products. During 2010, ArcelorMittal Montreal Inc. produced 1.8 million tons of crude steel. ArcelorMittal Duisburg GmbH�� production facilities are located in Ruhrort and Hochfeld, Germany. During 2010, ArcelorMittal Duisburg GmbH produced 1.2 million tons of crude steel. During 2010, ArcelorMittal Hamburg GmbH produced one million tons of crude steel. ArcelorMittal Poland S.A. produces both flat carbon and long carbon products. ArcelorMittal Ostrava�� production facilities are located in Ostrava, Czech Republic. As of December 31, 2010, ArcelorMittal Energy Ostrava had 11 boilers. During 2010, ArcelorMittal Rodange & Schifflange produced 0.7 million tons of crude steel. During 2010, ArcelorMittal Warszawa S.p.z.o.o. produced 0.5 million tons of crude steel. During 2010, ArcelorMittal Madrid produced 0.4 million tons of crude steel.
ArcelorMittal Zaragoza is located in Aragon, in northeastern Spain. During 2010, ArcelorMittal Zaragoza produced 0.5 million tons of crude steel. During 2010, ArcelorMittal Zenica produced 0.6 million tons of crude steel. During 2010, ArcelorMittal Prijedor produced 1.4 million tons of iron ore. ArcelorMittal Annaba produces both long and flat products. Its flat product range includes slabs, hot rolled and cold-rolled coils and sheets, hot-dipped galvanized products and tin plates, and its long product range includes billets, wire-rods, rebars and seamless tubes. Societe Nationale de Siderurgie (Sonasid) is a steel producer in Morocco and has facilities in! Nador, J! orf and Lasfar. Its facilities consist of one electric arc furnace, one continuous caster, one wire rod and one bar mill. Sonasid produces steel bars and rods. These products include reinforcing bars, wire rods and merchant bars. During 2010, Sonasid produced 0.5 million tons of crude steel. ArcelorMittal Hunedoara�� facilities are located in Romania. Its production facilities are one electric arc furnace, two continuous casters and a sections rolling mill. During 2010, Arcelor Mittal Hunedoara produced 0.1 million tons of crude steel. During 2010, ArcelorMittal Tubular Products division operated 19 operating units in Europe, North America, South America, CIS and Africa. The division caters to the energy, mechanical and automotive tubing and components markets. The facilities include four facilities producing seamless tubes, three facilities producing large diameter welded tubes, 10 facilities producing electric resistance welded (ERW) tubes, one facility producing cold drawn tubes and two facilities producing automotive components using welded tubes.
AACIS
ArcelorMittal�� AACIS segment has production facilities in Asia and Africa, including Kazakhstan, Ukraine, South Africa and Russia. During 2010, ArcelorMittal South Africa Ltd. produced 5.5 million tons of crude steel. OJSC ArcelorMittal Kryviy Rih�� integrated steel plant consists of six coke oven plants, three sintering plants, six blast furnaces, six basic oxygen furnaces, two open hearth furnaces, two blooming mills and six light section / bar mills and three wire rod mills. ArcelorMittal Temirtau�� wholly owned integrated steel plant located in the Karaganda region of Kazakhstan, consists of six coke oven batteries of which six are operating, three sinter plants, four blast furnaces (three of which are operational), three basic oxygen furnaces, two continuous slab casters, one hot strip mill, two cold rolling mills and three tinning lines, one hot dip galvanizing and one aluminum-zinc coating lines, one color ! coating l! ine, two welded pipe mills and a bar mill.
JSC ArcelorMittal Temirtau�� products includes pig iron, continuous caster slabs, hot- and cold-rolled coils and sheets, black plates, covers, tin plates, hot dipped galvanized products, color coated products and welded pipes, bars, sections and re-bars. JSC ArcelorMittal Temirtau has four iron ore mines in central Kazakhstan. ArcelorMittal Northern Kuzbass in Siberia, Russia includes the Berezovskaya and Pervomayskaya mines, as well as the Severnaya coal washery. The main consumers of the coking coal produced are OJSC ArcelorMittal Kryviy Rih and some local coke producers.
Distribution Solutions
Distribution Solutions is primarily the in-house trading and distribution arm of ArcelorMittal. It also provides steel solutions. It services a range of customer industries, including automotive, construction, household appliances, public works, civil engineering and general industry. The range of Distribution Solutions is offered through a network covering 30 countries, while specific solutions are dispatched in five business units: ArcelorMittal Construction Solutions, ArcelorMittal International, ArcelorMittal Projects, ArcelorMittal Total Offer Processing, ArcelorMittal Wire Solutions. The range of distribution solutions is organized across geographical areas through locally empowered management: Benelux, Central and Eastern Europe, France, Germany/Switzerland, Iberia, Italy, the Maghreb, Turkey/Mediterranean, South America, Poland, the United Kingdom/Scandinavia. The processing facilities provide services for flat and long carbon steel, as well as for specialty products, from light finishing work on beams to an integrated offer of slit coils, sheets and blanks.
ArcelorMittal Construction Solutions provides its customers with steel-based solutions for cladding, roofing, flooring and structure. ArcelorMittal International is the global sales network supplying ArcelorMittal products from over 30 mills outside ! of their ! home markets. ArcelorMittal Projects provides distribution solutions and services for projects in foundation solutions, infrastructure, oil and gas and building related steel constructions. ArcelorMittal Total Offer Processing provides a global offer in steel processing, ranging from design to production and from the logistics of steel components to steel solutions for industrial accounts. ArcelorMittal Wire Solutions is a global industrial wiredrawer, serving sectors, such as agriculture, automotive, construction, energy and general industry.
Advisors' Opinion:- [By Ben Levisohn]
In our view, X’s recent outperformance of its closest peer [ArcelorMittal (MT), and the iron ore price, will reverse over coming months. Unlike 2012/13 when iron ore prices rebounded to $160/t post the destock, we see the iron ore price settling at a structurally lower level in 2H2014. Finally we note that X needs a ~4x increase in the pace of its 'Project Carnegie' initiatives in order to maintain its position on the US domestic cost curve
Top Promising Stocks To Buy Right Now: Weir Group PLC (WEIR)
The Weir Group PLC is engaged in engineering businesses. It operates in three segments: Minerals, Oil and Gas, and Power and Industrial. The Minerals segment provides slurry handling equipment and associated aftermarket support for abrasive high wear applications used in the mining and oil sands markets. The Oil & Gas segment provides products and service solutions to upstream, production, transportation, refining and related industries. The Power & Industrial segment designs and manufactures valves, pumps and turbines as well as providing specialist support services to the global power generation, industrial and oil and gas sectors. The Company�� subsidiaries include American Hydro Corporation, EnviroTech Pumpsystems Inc, Gema Industrigummi AB, Linatex Rubber Products Sdn Bhd and Mesa Manufacturing Inc. Advisors' Opinion:- [By Inyoung Hwang]
Weir Group Plc (WEIR) added 1.6 percent to 2,239 pence, the highest price in almost two months. The U.K.�� largest supplier of pressure pumps was raised to buy from hold at Berenberg Bank.
Top Promising Stocks To Buy Right Now: ServiceSource International Inc.(SREV)
ServiceSource International, Inc. manages the service contract renewals process of maintenance, support and subscription agreements for technology and technology-enabled healthcare, and life sciences companies. The company provides end-to-end management and optimization of the service contract renewals process, including data management, quoting, selling, and service revenue business intelligence. It offers an integrated solution that consists of Service Revenue Intelligence Platform, a data warehouse of transactional, analytical, and industry data that provides insight into the business; service sales teams working under its customers? brands; and Service Revenue Performance Suite, a suite of cloud applications. The company?s cloud applications include Analytics Cloud, which provides customers with dashboards to view and analyze service revenue performance; Service Sales Cloud that provides renewals analytics and pipeline management used by service sales teams; and Chan nel Sales Cloud, which offers channel partners and resellers with online access to their specific renewals opportunities and their performance. Its cloud applications also comprise eCommerce Cloud that provides self-service capabilities to end customers through a secure online portal; Installed Base Intelligence Cloud, which offers a single repository to analyze the data, to flag anomalies and missing data elements, and to identify cross-sell and up-sell opportunities; and Dynamic Quoting Cloud that provides an easy-to-use tool for sales representatives and channel partners to create and modify service renewal quotes. The company sells its solutions directly through sales representatives in North America, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan. ServiceSource International, Inc. was founded in 2002 and is headquartered in San Francisco, California with additional offices in Colorado, Tennessee, Ireland, the United Kingdom, Malaysia, and Si ngapore.
Advisors' Opinion:- [By Evan Niu, CFA]
What: Shares of ServiceSource (NASDAQ: SREV ) have soared by as much as 24% today after the company reported first-quarter earnings.
So what: Revenue in the first quarter totaled $61.1 million, higher than the $60.4 million consensus estimate. The non-GAAP net loss of $1.5 million, or $0.02 per share, was also better than the $0.04-per-share loss that investors were expecting. The company inked four new Renew OnDemand subscription deals during the quarter.
- [By Steve Symington]
What:�Shares of Servicesource International Inc (NASDAQ: SREV ) plunged nearly 33% Friday after the recurring-revenue-management company turned in disappointing first-quarter results.
- [By Jake L'Ecuyer]
ServiceSource (NASDAQ: SREV) shares were also down, falling 32.48 percent to $4.22 as the company missed on earnings and caught a downgrade from CLSA from Buy to Underperform.
Top Promising Stocks To Buy Right Now: EMCORE Corporation(EMKR)
EMCORE Corporation, together with its subsidiaries, provides compound semiconductor-based products for the broadband, fiber optics, satellite, and solar power markets. The company operates in two segments, Fiber Optics and Photovoltaics. The Fiber Optics segment offers broadband products, including cable television, fiber-to-the-premises, satellite communication, video transport, and defense and homeland security products; and digital products comprising telecom optical, enterprise, laser/photodetector component, parallel optical transceiver and cable, and fiber channel transceiver products. This segment?s products enable information that is encoded on light signals to be transmitted, routed, and received in communication systems and networks. The Photovoltaics segment provides gallium arsenide (GaAs) multi-junction solar cells, covered interconnected cells, and solar panels for satellite applications; and concentrating photovoltaic (CPV) power systems for commercial and utility scale solar applications, as well as GaAs solar cells and integrated CPV components for use in other solar power concentrator systems. The company markets its products through its direct sales force, external sales representatives and distributors, and application engineers worldwide. EMCORE Corporation was founded in 1984 and is headquartered in Albuquerque, New Mexico.
Advisors' Opinion:- [By CRWE]
EMCORE Corporation (Nasdaq:EMKR), a leading provider of compound semiconductor-based components and subsystems for the fiber optic and solar power markets, reported that it is ramping production and shipping the Opticomm-EMCORE NEXTGEN OTP-1DVI2A1SU insert cards for the Optiva platform.
Top Promising Stocks To Buy Right Now: Axcelis Technologies Inc.(ACLS)
Axcelis Technologies, Inc., together with its subsidiaries, designs, manufactures, and services ion implantation, dry strip, and other processing equipment used in the fabrication of semiconductor chips in the United States, Europe, and the Asia Pacific. It offers a line of high energy, high current, and medium current ion implanters for various applications, such as line of single wafer implanters, known as the Optima platform, comprising the Optima XE, the Optima HD, and the Optima MD. The company also offers dry strip tools, including the Integra RS, which comprises paired-chamber process modules. In addition, it provides aftermarket services and support, such as spare parts, equipment upgrades, maintenance services, and customer training. The company sells its equipment and services through direct sales force, distributors, and manufacturing representatives. Axcelis Technologies was founded in 1995 and is headquartered in Beverly, Massachusetts.
Advisors' Opinion:- [By Stephen Simpson, CFA]
The major dry strip product today is Suprema - Mattson's most advanced tool, and one that uses inductively coupled plasma (ICP) technology and vacuum transfer. Two of the company's primary competitors use one but not the other, while the third uses both but charges about 20% more for its tools. According to Gartner, Mattson holds about 22% market share in this roughly $180 million/year market, with Lam Research (which acquired Novellus and dry strip IP from Axcelis (ACLS)) and PSK as the primary competitors.
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