Coffee Day Enterprises falls 4% on stake sale in Mindtree

Shares of Coffee Day Enterprises shed 4 percent intraday Tuesday after the company decided to sell its stake in Mindtree.

Coffee Day Trading, a subsidiary of Coffee Day Enterprises, and VG Siddhartha, promoter of the company along with certain other parties have signed a definitive agreement to sell their entire stake in Mindtree to Larsen & Toubro for a consideration not exceeding Rs 3,269 crore, the company said in BSE release.

The proceeds would be used to pare down the Coffee Day Group's debt. This divestment supports the company's business strategy to devote more time to its flagship coffee business, it added.

VG Siddhartha, Chairman of the company said: "This business restructuring allows us to sharpen our portfolio focus and devote more time towards the strategy for our coffee business. We remain committed towards achieving overall growth in our business by focusing on execution and increasing shareholder value. "

related news Hotel Leela Venture locked at upper circuit on sale of hotel properties for Rs 3,950 cr Chalet Hotels climbs over 4% after JM Financial initiates coverage with 'buy' call

The transaction is expected to close in the first quarter of FY20 and is subject to customary closing conditions, including regulatory approvals being received.

At 11:00 hrs, Coffee Day Enterprises was quoting at Rs 298.50, down Rs 11.15, or 3.60 percent, on the BSE.

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First Published on Mar 19, 2019 11:35 am

Top 5 Oil Stocks For 2019

tags:MMP,COP,MRO,RIG,WLL,

Zacks Investment Research cut shares of WPX Energy (NYSE:WPX) from a buy rating to a hold rating in a research report report published on Monday morning.

According to Zacks, “Shares of WPX Energy have outperformed its industry in the past 12 months.  We believe WPX Energy’s exposure in the Delaware and Williston basins will enable it to achieve the goal of higher oil generation in 2018. WPX Energy has transformed itself from a natural gas-focused company to an oil-focused one. The company has been able to do so through nearly $8 billion of transactions. WPX Energy is building up a strong portfolio of assets which will continue to boost its oil production and allow it to gain from improving commodity prices. However, the competitive energy space, stringent regulations and dependence on third parties to market their products are the headwinds.”

Top 5 Oil Stocks For 2019: Magellan Midstream Partners L.P.(MMP)

Advisors' Opinion:

• [By Matthew DiLallo]

  Stocks that pay a growing dividend tend not only to outperform the market but to do so with less volatility. That's why risk-averse investors should consider stocking their portfolio with companies that have a high probability of paying a growing income stream in the years to come. Three top options worth considering are pipeline giants Enterprise Products Partners (NYSE:EPD), TransCanada (NYSE:TRP), and Magellan Midstream Partners (NYSE:MMP).

• [By Leo Sun, John Bromels, and Dan Caplinger]

  September is generally considered a tough month for stocks due to a combination of investors returning from vacations, mutual funds dumping losers before the end of the fiscal year, and tax loss selling. However, there are still plenty of income-generating stocks that are worth buying in this volatile month. Let's take a look at three stocks that fit that bill: American Eagle Outfitters (NYSE:AEO), Coca-Cola (NYSE:KO), and Magellan Midstream Partners (NYSE:MMP).

• [By Joseph Griffin]

  TRADEMARK VIOLATION NOTICE: “Magellan Midstream Partners, L.P. (MMP) Shares Sold by Tdam USA Inc.” was first reported by Ticker Report and is the sole property of of Ticker Report. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this news story can be viewed at https://www.tickerreport.com/banking-finance/4134187/magellan-midstream-partners-l-p-mmp-shares-sold-by-tdam-usa-inc.html.

• [By ]

  That means pipelines are equally busy carrying all that raw crude into these refineries and then carrying out gasoline, diesel and other finished products. So you'd think these would be boon times for Magellan Midstream Partners (NYSE: MMP), which owns 10,000 miles of pipeline that connect with 50% of the nation's refinery capacity.

Top 5 Oil Stocks For 2019: ConocoPhillips(COP)

Advisors' Opinion:

• [By John Bromels]

  Oil prices are at their highest levels in three years, and that means that oil companies -- both producers like ConocoPhillips (NYSE:COP) and integrated majors like BP (NYSE:BP) -- are rolling in the dough right now, in part because of cost-cutting during the price downturn.

• [By Chris Lange]

  The number of ConocoPhillips (NYSE: COP) shares short rose to 12.60 million from the previous 12.37 million. Shares were trading at $72.61, within a 52-week range of $42.42 to $73.76.

• [By Max Byerly]

  Traders purchased shares of ConocoPhillips (NYSE:COP) on weakness during trading on Friday. $447.22 million flowed into the stock on the tick-up and $180.32 million flowed out of the stock on the tick-down, for a money net flow of $266.90 million into the stock. Of all stocks tracked, ConocoPhillips had the 11th highest net in-flow for the day. ConocoPhillips traded down ($2.77) for the day and closed at $65.36

• [By Matthew DiLallo]

  ConocoPhillips (NYSE:COP) is one of a growing number of oil producers that is reevaluating its drilling plans in the Permian Basin because of the region's looming pipeline shortage. Among the options it's considering is redeploying at least some of its resources out of the Basin until new pipes start up toward the end of next year. While that could affect its growth prospects in the near term, it also might provide the company with the opportunity to enhance its longer-term growth potential in the region.

• [By Chris Lange]

  The number of ConocoPhillips (NYSE: COP) shares short fell to 21.01 million from the previous level of 24.44 million. Shares were trading at $69.15, within a 52-week range of $42.27 to $70.15.

Top 5 Oil Stocks For 2019: Marathon Oil Corporation(MRO)

Advisors' Opinion:

• [By Matthew DiLallo]

  Marathon Oil (NYSE:MRO) is another oil company built to thrive at lower oil prices. At $50 oil, Marathon can generate enough cash to grow production at a 10% to 14% annual pace for the next several years while living within cash flow. At $60 oil, Marathon's plan would generate about $500 million in free cash flow. With oil above that level even after the recent OPEC chatter, Marathon is on pace to produce a windfall of excess cash this year. 

• [By Dan Caplinger]

  Thursday was a volatile day on Wall Street, as major stock indexes lost a lot of ground early in the day but then rebounded to finished mixed. Gains for the Nasdaq Composite came even as Dow Jones Industrial Average fell modestly, and although investors spent much of the session trying to parse through the implications of the latest economic report on retail sales, earnings played a key role in moving many well-known stocks. Marathon Oil (NYSE:MRO), AstraZeneca (NYSE:AZN), and Bloomin' Brands (NASDAQ:BLMN) were among the top performers. Here's why they did so well.

• [By ]

  Presto, West Texas Intermediate crude rose 3% to $71.18, the highest since December 2014, boosting shares of oil companies including Occidental (OXY) , which gained 4.8%, Marathon (MRO) , up 3.8%, and Apache (APA) , which gained 2.5%. Spot gasoline also rose 2.7% to $2.17 a gallon, boding ill for the summer driving season in the U.S. and potentially eroding any gains middle-class Americans received from the Trump tax cuts.

• [By Matthew DiLallo]

  The second expansion track the company took was the acquisition of a 70% interest in the Athabasca Oil Sands Project from Royal Dutch Shell (NYSE:RDS-A)(NYSE:RDS-B) and Marathon Oil (NYSE:MRO). The company paid CA$12.74 billion ($9.9 billion) in cash and stock for this world-class oil sands mining asset, which was less than the cost of building a similar project. The sale enabled Shell and Marathon to get some cash to pay down debt, while the transaction added two mines to Canadian Natural Resources' portfolio that have the capacity to produce 280,000 BPD. In addition, the company picked up a stake in a 100,000 BPD expansion project and acquired several other oil sands leases from Shell and Marathon, two of which were producing an average of 13,800 BPD.

• [By Matthew DiLallo]

  Marathon Oil (NYSE:MRO) based its 2019 plans on oil averaging $50 a barrel. At that price point, the company can fund its $2.6 billion capital spending plan -- enough money to grow its U.S. oil production by 12% this year -- and its dividend with plenty of room to spare. Marathon has so much breathing room that it can fund its 2019 budget as well as its dividend at $45 oil, which means it's on track to produce a gusher of free cash now that oil is in the mid-$50s. Marathon currently expects to return the bulk of that money to shareholders through additional share repurchases, which sets up investors to potentially earn some high-octane total returns this year if oil keeps going higher.

• [By Matthew DiLallo]

  Marathon Oil (NYSE:MRO) is another oil producer built for $50 oil. At that level, Marathon can generate enough cash to grow its U.S. oil production 25% to 30% this year, while at $60 oil, the company can produce $500 million in free cash -- and even more at current prices. Marathon Oil has a range of options for that money, including buying back shares, boosting the dividend, paying off debt, or acquiring more drillable land.

Top 5 Oil Stocks For 2019: Transocean Inc.(RIG)

Advisors' Opinion:

• [By John Bromels]

  Unless it's not. Which it may not be. There's a big cloud of uncertainty hanging over the company, in part thanks to its status as a very small fish in a very big deepwater ocean that's full of huge, hungry competitors like Transocean (NYSE:RIG) and Ensco (NYSE:ESV). Questions also abound about its parent company, Seadrill (NYSE:SDRL).

• [By Jon C. Ogg]

  Transocean Ltd. (NYSE: RIG) started as Overweight with a $15 price target, which represented an implied upside call of 25% compared with the prior day’s $11.93 closing price. Elsewhere, Wells Fargo raised it to Outperform from Market Perform with an even more aggressive $16 price target, and BTIG initiated Transocean with a Buy rating and with an $18 price target just a day earlier. The stock closed up 2.9% at $11.93 on Tuesday, and it was up 3.3% at $12.33 in Wednesday’s midday trading. The 52-week range is $8.70 to $14.34, and the prior consensus price target of $12.61 ticked up to above $13 after the calls.

• [By Max Byerly]

  Ocean Rig UDW (NYSE: RIG) and Transocean (NYSE:RIG) are both mid-cap oils/energy companies, but which is the superior business? We will compare the two companies based on the strength of their profitability, earnings, valuation, risk, dividends, analyst recommendations and institutional ownership.

• [By Jason Hall and Tyler Crowe]

  In this week's episode of Industry Focus: Energy, host Nick Sciple, together with Jason Hall and Tyler Crowe, explain how offshore companies work, where the industry is today, and what investors should watch with these companies. Tune in to learn what sets Transocean (NYSE:RIG), Diamond Offshore (NYSE:DO), Seadrill (NYSE:SDRL), and Ensco (NYSE:ESV) apart from each other, what kind of risk/reward profile each company has to offer, some critical points and trends investors need to know before diving into offshore, and much more.

Top 5 Oil Stocks For 2019: Whiting Petroleum Corporation(WLL)

Advisors' Opinion:

• [By Matthew DiLallo]

  Shares of Whiting Petroleum (NYSE:WLL) sold off on Wednesday, falling more than 10% by 10:15 a.m. EST. Driving the decline was the oil company's fourth-quarter report and its outlook for 2019.

• [By Logan Wallace]

  Whiting Petroleum Corp (NYSE:WLL) – Stock analysts at Jefferies Financial Group increased their Q2 2019 earnings estimates for Whiting Petroleum in a research note issued on Wednesday, February 13th. Jefferies Financial Group analyst M. Lear now forecasts that the oil and gas exploration company will earn $0.30 per share for the quarter, up from their previous estimate of $0.28. Jefferies Financial Group also issued estimates for Whiting Petroleum’s Q3 2019 earnings at $0.22 EPS.

• [By Logan Wallace]

  Shares of Whiting Petroleum Corp (NYSE:WLL) have been given an average rating of “Buy” by the thirty-two ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, thirteen have given a hold recommendation, fifteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $46.58.

• [By Jon C. Ogg]

  Whiting Petroleum Corp. (NYSE: WLL) was reiterated as Overweight and the target price was raised to $56 from $45 (versus a $50.78 close) at KeyBanc Capital Markets.

• [By Jon C. Ogg]

  Whiting Petroleum Corp. (NYSE: WLL) was raised to Overweight from Equal Weight with a $71 target price (versus a $50.48 close) at Morgan Stanley.

  Tuesday’s top analyst upgrades and downgrades included DocuSign, Embraer, Goodyear, Macy’s, Micron Technologies, Raytheon, Smartsheet and more.

• [By Max Byerly]

  TCW Group Inc. raised its stake in Whiting Petroleum Corp (NYSE:WLL) by 21.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,733 shares of the oil and gas exploration company’s stock after purchasing an additional 4,618 shares during the period. TCW Group Inc.’s holdings in Whiting Petroleum were worth $871,000 as of its most recent SEC filing.

GE will be transparent on its turnaround plan and issues: Larry Culp

General Electric will be open about its struggles and the goals it expects to achieve in the company's turnaround plan, CEO Larry Culp told CNBC Thursday.

"I think what we're gonna try to do, frankly, is to share with people in as transparent a way as we possibly can, what those issues are ... and the plan that we have," he said in a sit-down interview with "Mad Money's" Jim Cramer. "But it will take-- time. And we don't wanna sugarcoat this."

The industrial conglomerate, which once donned the title of America's most valuable company, has faced debt and management problems for some time. Culp, who became head of the company last September, said he studied the company for years and the top priority is to strengthen its balance sheet.

GE has made moves to sell off $25 billion worth of assets in GE Capital.

"We want to strengthen the balance sheet and set our businesses up to play and win," Culp said. "We've been very clear about our intent to reduce both the leverage on our industrial balance sheet and at GE Capital."

The chief said his company will have access to "the better part of $40 billion of proceeds" after Danaher's $21.4 billion acquisition of GE's biopharmaceutical business goes through. Culp also said he anticipates monetizing GE's stake in Baker Hughes and other deals.

"There's a lot of capital there that we're gonna be able to put to use to bring down the leverage on the industrial balance sheet," he said. "Will it work on the capital side in a similar fashion? We have $10 billion of dispositions planned this year to continue to bring the leverage down."

Disclosure: Jim Cramer's charitable trust owns shares of Dahaner.

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Top High Tech Stocks To Buy Right Now

tags:SZKMY,SM,ENLC,SEMG,DB,

Jonathan Mariner

If you follow me on Twitter, you know that I'm all about baseball. That's why I'm particularly excited this week to feature Jonathan Mariner, who served as Major League Baseball's Chief Financial Officer and Executive Vice President, Finance (he was appointed to the position by MLB Commissioner Allan H. (Bud) Selig). Before joining the MLB, Mariner served as Executive Vice President and CFO of the Florida Marlins.

Today, Mariner is focused on a new project: an app that helps you track spend working or living in more than one state. The app, Tax Day, helps you figure your residency for tax purposes (more on that in a few days). For now, here's what Jonathan had to say:

1. Where are you now?

I’m happily retired and living in south Florida working on a new start up after 23 years working in professional sports.

Top High Tech Stocks To Buy Right Now: Suzuki Motor Corporation (SZKMY)

Advisors' Opinion:

• [By ]

  Suzuki Motor Corp. [TYO: 7269] (OTCPK:SZKMY) (OTCPK:SZKMF)

  On September 7 The Times of India reported: "Suzuki to start testing electric vehicle prototypes in India. Suzuki would launch EVs in India around 2020 in cooperation."

• [By Logan Wallace]

  Get a free copy of the Zacks research report on SUZUKI MTR CORP/ADR (SZKMY)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

Top High Tech Stocks To Buy Right Now: SM Energy Company(SM)

Advisors' Opinion:

• [By Ethan Ryder]

  SM Energy Co (NYSE:SM) gapped up prior to trading on Tuesday . The stock had previously closed at $32.22, but opened at $32.20. SM Energy shares last traded at $31.49, with a volume of 60289 shares trading hands.

• [By Matthew DiLallo]

  Shares of oil producers Laredo Petroleum (NYSE:LPI) and SM Energy (NYSE:SM), as well as units of Golar LNG Partners LP (NASDAQ:GMLP), an MLP that owns liquified natural gas carriers and floating storage and regasification units, all declined by double digits by Friday afternoon. Lower oil prices weighed on the first two, while an analyst downgrade was the culprit in the latter.

• [By Ethan Ryder]

  ILLEGAL ACTIVITY WARNING: “SM Energy Sees Unusually High Options Volume (SM)” was originally posted by Ticker Report and is owned by of Ticker Report. If you are accessing this story on another domain, it was stolen and republished in violation of international copyright and trademark legislation. The legal version of this story can be viewed at https://www.tickerreport.com/banking-finance/3353537/sm-energy-sees-unusually-high-options-volume-sm.html.

• [By Logan Wallace]

  Scotia Howard Weill upgraded shares of SM Energy (NYSE:SM) from a sector perform rating to a sector outperform rating in a research note published on Thursday morning.

• [By Max Byerly]

  SM Energy Co (NYSE:SM) has received an average recommendation of “Buy” from the twenty-four analysts that are covering the stock, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $30.80.

Top High Tech Stocks To Buy Right Now: EnLink Midstream, LLC(ENLC)

Advisors' Opinion:

• [By Max Byerly]

  EnLink Midstream (NYSE:ENLC) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

• [By Motley Fool Transcribers]

  EnLink Midstream LLC  (NYSE:ENLC)Q4 2018 Earnings Conference CallFeb. 20, 2019, 9:00 a.m. ET

  Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:

  Operator

• [By Shane Hupp]

  Headlines about EnLink Midstream (NYSE:ENLC) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. EnLink Midstream earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned news stories about the pipeline company an impact score of 45.7727314287906 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

• [By Matthew DiLallo]

  However, after announcing the sale of its interest in EnLink Midstream Partners (NYSE: ENLK) and EnLink Midstream (NYSE: ENLC) for $3.125 billion in June, it boosted its buyback authorization up to $4 billion. That represents enough cash to retire roughly 20% of its outstanding shares. Devon expects the sale of EnLink to close this July, which will enable it to accelerate the pace of repurchases through the end of 2019.

• [By Max Byerly]

  Dimensional Fund Advisors LP increased its position in shares of EnLink Midstream LLC (NYSE:ENLC) by 13.6% during the first quarter, HoldingsChannel reports. The institutional investor owned 3,173,164 shares of the pipeline company’s stock after buying an additional 378,910 shares during the quarter. Dimensional Fund Advisors LP’s holdings in EnLink Midstream were worth $46,487,000 as of its most recent filing with the SEC.

Top High Tech Stocks To Buy Right Now: Semgroup Corporation(SEMG)

Advisors' Opinion:

• [By Max Byerly]

  NCS Multistage (NASDAQ:NCSM) and SemGroup (NYSE:SEMG) are both small-cap oils/energy companies, but which is the better business? We will contrast the two companies based on the strength of their risk, analyst recommendations, valuation, institutional ownership, earnings, profitability and dividends.

• [By Logan Wallace]

  Barclays PLC grew its holdings in SemGroup Corp (NYSE:SEMG) by 32.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 20,779 shares of the pipeline company’s stock after purchasing an additional 5,090 shares during the period. Barclays PLC’s holdings in SemGroup were worth $444,000 as of its most recent SEC filing.

• [By Stephan Byrd]

  SemGroup (NYSE: SEMG) and Halliburton (NYSE:HAL) are both oils/energy companies, but which is the superior investment? We will compare the two businesses based on the strength of their dividends, analyst recommendations, earnings, institutional ownership, valuation, profitability and risk.

• [By Lee Jackson]

  SemGroup Corporation (NASDAQ: SEMG) was downgraded to Market Perform from Outperform at Wells Fargo. The 52-week trading range is $20.20 to $30.95. The consensus price target for the company is posted at $26.80. The stock ended trading Friday at $25.

• [By Logan Wallace]

  News headlines about SemGroup (NYSE:SEMG) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. SemGroup earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned news headlines about the pipeline company an impact score of 45.1707332632932 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

• [By Lee Jackson]

  SemGroup Corporation (NASDAQ: SEMG) was started with a market perform rating at BMO Capital Markets with a $25 price target. The consensus target across Wall Street is $26.80. The stock closed Monday at $25.15.

Top High Tech Stocks To Buy Right Now: Deutsche Bank AG(DB)

Advisors' Opinion:

• [By ]

  Here's everything you must know before Thursday's opening bell:

  Facebook (FB) posted first-quarter earnings and revenue that beat analysts' expectations. Ford (F) plans to shed most of its North American car lineup as customer preference has shifted to pickups and crossovers.  Deutsche Bank (DB) said it was planning "significant" job cuts for its global investment banking division. Investors will analyze earnings from Amazon (AMZN) and Microsoft (MSFT) .    U.S. stock futures pointed toward a modestly higher open.

  Subscribe to our Youtube Channel for extended interviews, Cramer Replays, feature content, and more!

• [By Steve Symington]

  Still, several individual companies easily outran the broader market. Read on to learn why shares of ManTech International (NASDAQ:MANT), Civeo (NYSE:CVEO), and Deutsche Bank (NYSE:DB) each climbed higher today.

• [By Garrett Baldwin]
  This morning, China's Shanghai Index plunged more than 4% thanks to growing concerns about a trade recession in the world's second-largest economy. The country announced that dollar-denominated exports fell by 20.7% in February compared to last year. The figure missed economists' expectations of a 4.8% year-over-year decline by a wide margin. The Shenzhen Composite also fell by 3.8% on the day. In deal news, a blockbuster could be on the horizon in Europe. Multiple outlets report that Commerzbank AG (OTC MKTS: CRZBF) and Deutsche Bank AG (NYSE: DB) are in talks about a possible merger. The news comes as economic development in Germany has slowed, raising new concerns about a recession in Europe's top-performing economy. Oil prices slid this morning as concerns about the global oil supply mixed with worries about rising U.S. supplies. The European Central Bank said this week that it expects "continued weakness" in the world's largest economic block. And while OPEC plans to cut production, their efforts are being undermined by growing output in U.S. shale fields. The current oil market has analysts concerned about the stability of the world's largest public producer of oil and gas. This morning, investment bank Cowen downgraded Exxon Mobil Corp. (NYSE: XOM) from outperform to perform and slashed its 12-month forecast to $75. That figure represents a 25% decline from previous forecasts. Three Stocks to Watch Today: FIZZ, NAV, CZR Shares of National Beverage Corp. (NASDAQ: FIZZ) plunged more than 16% after the company blamed "injustice" on a poor quarterly earnings report. In a bizarre and somewhat rambling quarterly earnings press release, the firm's chair and CEO Nick Caporella compared the management of a brand to the care for "someone who becomes handicapped." Caporella apologized for the fact that company profits slumped 39.6% year over year.

  Just Revealed: The Secret to Potentially Growing Incredibly Wealthy Buying Straight-Up Stocks

• [By Garrett Baldwin]

  The only capital plan rejected by the U.S. central bank was proposed by the U.S. unit of Deutsche Bank AG (NYSE: DB). DB CEO Christian Sewing promptly said this morning that the German banking giant will not get rid of its American banking unit despite what the Fed described as "widespread and critical deficiencies" in its capital planning.

American Eagle Outfitters (AEO) to Issue $0.14 Quarterly Dividend

American Eagle Outfitters (NYSE:AEO) declared a quarterly dividend on Wednesday, March 13th, RTT News reports. Investors of record on Friday, April 12th will be given a dividend of 0.1375 per share by the apparel retailer on Friday, April 26th. This represents a $0.55 dividend on an annualized basis and a yield of 2.60%.

American Eagle Outfitters has increased its dividend by an average of 3.2% per year over the last three years. American Eagle Outfitters has a dividend payout ratio of 36.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect American Eagle Outfitters to earn $1.75 per share next year, which means the company should continue to be able to cover its $0.55 annual dividend with an expected future payout ratio of 31.4%.

Get American Eagle Outfitters alerts:

AEO opened at $21.15 on Thursday. American Eagle Outfitters has a one year low of $17.00 and a one year high of $29.88. The company has a market capitalization of $3.77 billion, a P/E ratio of 14.29, a price-to-earnings-growth ratio of 1.87 and a beta of 0.78.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings data on Wednesday, March 6th. The apparel retailer reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. American Eagle Outfitters had a return on equity of 20.86% and a net margin of 6.49%. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the prior year, the firm posted $0.44 earnings per share. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. Equities analysts anticipate that American Eagle Outfitters will post 1.59 EPS for the current fiscal year.

In other American Eagle Outfitters news, EVP Andrew J. Mclean sold 14,984 shares of the business’s stock in a transaction that occurred on Friday, December 14th. The stock was sold at an average price of $18.26, for a total value of $273,607.84. Following the sale, the executive vice president now owns 14,984 shares of the company’s stock, valued at $273,607.84. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 6.30% of the stock is owned by insiders.

A number of research analysts recently commented on the company. Zacks Investment Research upgraded American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Thursday, December 13th. Jefferies Financial Group set a $28.00 target price on American Eagle Outfitters and gave the company a “buy” rating in a research report on Thursday, March 7th. Wedbush set a $25.00 target price on American Eagle Outfitters and gave the company a “buy” rating in a research report on Wednesday, December 12th. Deutsche Bank set a $23.00 target price on American Eagle Outfitters and gave the company a “buy” rating in a research report on Wednesday, December 12th. Finally, Loop Capital set a $27.00 target price on American Eagle Outfitters and gave the company a “buy” rating in a research report on Tuesday, December 11th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the stock. American Eagle Outfitters has a consensus rating of “Buy” and an average price target of $24.62.

ILLEGAL ACTIVITY WARNING: This story was first reported by Ticker Report and is the property of of Ticker Report. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of US & international copyright legislation. The correct version of this story can be read at https://www.tickerreport.com/banking-finance/4220260/american-eagle-outfitters-aeo-to-issue-0-14-quarterly-dividend.html.

About American Eagle Outfitters

American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle Outfitters and Aerie brands. The company also provides jeans, and other apparel and accessories for men and women; and intimates, activewear, and swim collections, as well as personal care products for women.

See Also: What are economic reports?

Brokerages Expect Perrigo Company PLC (PRGO) to Announce $1.07 Earnings Per Share

Equities research analysts expect that Perrigo Company PLC (NYSE:PRGO) will announce earnings of $1.07 per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Perrigo’s earnings, with estimates ranging from $1.02 to $1.14. Perrigo posted earnings of $1.26 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 15.1%. The firm is scheduled to report its next earnings report on Tuesday, May 14th.

On average, analysts expect that Perrigo will report full-year earnings of $4.47 per share for the current year, with EPS estimates ranging from $3.93 to $5.04. For the next year, analysts anticipate that the firm will post earnings of $4.83 per share, with EPS estimates ranging from $4.30 to $5.52. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that follow Perrigo.

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Perrigo (NYSE:PRGO) last released its quarterly earnings data on Wednesday, February 27th. The company reported $0.97 EPS for the quarter, missing the Zacks’ consensus estimate of $1.00 by ($0.03). Perrigo had a net margin of 2.54% and a return on equity of 11.32%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the company earned $1.28 EPS. Perrigo’s quarterly revenue was down 6.5% on a year-over-year basis.

A number of brokerages recently weighed in on PRGO. Berenberg Bank lowered shares of Perrigo from a “buy” rating to a “hold” rating and reduced their target price for the stock from $100.00 to $72.00 in a research note on Tuesday, November 13th. Morgan Stanley reduced their target price on shares of Perrigo from $77.00 to $67.00 and set a “hold” rating for the company in a research note on Tuesday, November 13th. ValuEngine upgraded shares of Perrigo from a “strong sell” rating to a “sell” rating in a research note on Friday, November 16th. Wells Fargo & Co reduced their price objective on shares of Perrigo from $77.00 to $64.00 and set a “market perform” rating for the company in a research note on Wednesday, November 14th. Finally, Royal Bank of Canada set a $48.00 price objective on shares of Perrigo and gave the stock a “hold” rating in a research note on Thursday, February 28th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $77.29.

Shares of PRGO traded up $0.99 during trading hours on Monday, reaching $47.49. The stock had a trading volume of 773,154 shares, compared to its average volume of 1,545,659. The company has a quick ratio of 1.26, a current ratio of 1.85 and a debt-to-equity ratio of 0.54. Perrigo has a 52 week low of $36.28 and a 52 week high of $87.69. The stock has a market cap of $6.32 billion, a P/E ratio of 10.44, a P/E/G ratio of 1.81 and a beta of 1.31.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 19th. Investors of record on Friday, March 1st will be paid a $0.19 dividend. The ex-dividend date is Thursday, February 28th. This represents a $0.76 annualized dividend and a yield of 1.60%. Perrigo’s dividend payout ratio (DPR) is currently 16.70%.

Large investors have recently modified their holdings of the stock. Man Group plc boosted its stake in shares of Perrigo by 754.0% in the 3rd quarter. Man Group plc now owns 113,206 shares of the company’s stock valued at $8,015,000 after purchasing an additional 99,950 shares in the last quarter. Amalgamated Bank bought a new stake in Perrigo during the 3rd quarter valued at about $1,144,000. Nisa Investment Advisors LLC increased its stake in Perrigo by 8.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 30,641 shares of the company’s stock valued at $1,187,000 after purchasing an additional 2,400 shares in the last quarter. Atlas Capital Advisors LLC bought a new stake in Perrigo during the 4th quarter valued at about $26,000. Finally, Hsbc Holdings PLC increased its stake in Perrigo by 121.8% during the 3rd quarter. Hsbc Holdings PLC now owns 45,116 shares of the company’s stock valued at $3,194,000 after purchasing an additional 24,776 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Perrigo Company Profile

Perrigo Company plc, a healthcare company, manufactures and supplies over-the-counter (OTC) healthcare products, infant formulas, branded OTC products, and generic pharmaceutical products worldwide. The company operates through Consumer Healthcare Americas, Consumer Healthcare International, and Prescription Pharmaceuticals segments.

Recommended Story: How To Calculate Debt-to-Equity Ratio

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Top 5 Value Stocks To Watch Right Now

tags:FCPT,WASH,ROIC,SM,GD,

DekaBank Deutsche Girozentrale raised its stake in shares of Epizyme (NASDAQ:EPZM) by 77.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,100 shares of the biopharmaceutical company’s stock after acquiring an additional 25,800 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.09% of Epizyme worth $1,040,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of EPZM. Redmile Group LLC lifted its holdings in shares of Epizyme by 59.1% during the 4th quarter. Redmile Group LLC now owns 1,925,689 shares of the biopharmaceutical company’s stock valued at $24,167,000 after purchasing an additional 715,689 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Epizyme by 17.1% during the 4th quarter. BlackRock Inc. now owns 3,965,391 shares of the biopharmaceutical company’s stock valued at $49,766,000 after purchasing an additional 579,662 shares during the last quarter. Peregrine Capital Management LLC purchased a new stake in shares of Epizyme during the 4th quarter valued at $6,275,000. Palo Alto Investors LLC lifted its holdings in shares of Epizyme by 7.2% during the 4th quarter. Palo Alto Investors LLC now owns 6,860,843 shares of the biopharmaceutical company’s stock valued at $86,104,000 after purchasing an additional 462,547 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Epizyme by 56.4% during the 4th quarter. Millennium Management LLC now owns 996,687 shares of the biopharmaceutical company’s stock valued at $12,508,000 after purchasing an additional 359,547 shares during the last quarter. Hedge funds and other institutional investors own 86.34% of the company’s stock.

Top 5 Value Stocks To Watch Right Now: Four Corners Property Trust, Inc.(FCPT)

Advisors' Opinion:

• [By Logan Wallace]

  Get a free copy of the Zacks research report on Four Corners Property (FCPT)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Stephan Byrd]

  Get a free copy of the Zacks research report on Four Corners Property Trust (FCPT)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Joseph Griffin]

  These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:

  Get Four Corners Property Trust alerts: FCPT Closes 46 Chili's Restaurant Properties for $149.8 million as part of Previously Announced Brinker Sale-Leaseback Transaction (finance.yahoo.com) FCPT Announces Acquisition of a Buffalo Wild Wings Restaurant Property for $1.7 million (finance.yahoo.com) Four Corners Property Trust (FCPT) vs. Sutherland Asset Management (SLD) Head to Head Analysis (americanbankingnews.com) FCPT Announces Acquisition of an Arby's Restaurant Property for $1.6 million (finance.yahoo.com) Four Corners Property Trust Inc (FCPT) Expected to Post Quarterly Sales of $35.62 Million (americanbankingnews.com)

  Shares of Four Corners Property Trust traded down $0.16, hitting $26.01, during trading hours on Friday, according to MarketBeat Ratings. The stock had a trading volume of 360,648 shares, compared to its average volume of 479,703. The company has a current ratio of 6.59, a quick ratio of 6.59 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $1.65 billion, a P/E ratio of 19.13 and a beta of -0.04. Four Corners Property Trust has a 12-month low of $21.28 and a 12-month high of $26.96.

• [By Joseph Griffin]

  Neuberger Berman Group LLC trimmed its position in Four Corners Property (NYSE:FCPT) by 12.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,299 shares of the financial services provider’s stock after selling 8,843 shares during the period. Neuberger Berman Group LLC owned 0.10% of Four Corners Property worth $1,415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Top 5 Value Stocks To Watch Right Now: Washington Trust Bancorp, Inc.(WASH)

Advisors' Opinion:

• [By Stephan Byrd]

  Shares of Washington Trust Bancorp (NASDAQ:WASH) hit a new 52-week high and low during trading on Friday . The company traded as low as $60.60 and last traded at $60.15, with a volume of 256 shares traded. The stock had previously closed at $60.15.

• [By Shane Hupp]

  BidaskClub downgraded shares of Washington Trust Bancorp (NASDAQ:WASH) from a sell rating to a strong sell rating in a report published on Tuesday.

Top 5 Value Stocks To Watch Right Now: Retail Opportunity Investments Corp.(ROIC)

Advisors' Opinion:

• [By Steve Symington, Leo Sun, and Reuben Gregg Brewer]

  But Exxon isn't the only high-yield dividend stock our market has to offer. To that end, we asked three top Motley Fool investors to each find a dividend stock that pays even more than Exxon does. Read on to learn why they like Retail Opportunity Investments (NASDAQ:ROIC), Royal Dutch Shell (NYSE:RDS-A)(NYSE:RDS-B), and Seagate (NASDAQ:STX).

• [By Steve Symington, John Bromels, and Keith Noonan]

  So we asked three Motley Fool contributors exactly that. Read on to learn why they like Retail Opportunity Investments (NASDAQ:ROIC), Energy Transfer Partners (NYSE:ETP), and GameStop (NYSE:GME).

• [By Joseph Griffin]

  Retail Opportunity Investments Corp (NASDAQ:ROIC) has earned an average recommendation of “Hold” from the twelve analysts that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $19.75.

• [By Steve Symington]

  Retail Opportunity Investments Corp. (NASDAQ:ROIC) announced in-line first-quarter results late Wednesday, underpinned by strong portfolio lease rates, steady growth in base rents, and the reiteration of the real estate investment trust's full-year guidance.

Top 5 Value Stocks To Watch Right Now: SM Energy Company(SM)

Advisors' Opinion:

• [By Stephan Byrd]

  Get a free copy of the Zacks research report on SM Energy (SM)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Ethan Ryder]

  ILLEGAL ACTIVITY WARNING: “SM Energy Sees Unusually High Options Volume (SM)” was originally posted by Ticker Report and is owned by of Ticker Report. If you are accessing this story on another domain, it was stolen and republished in violation of international copyright and trademark legislation. The legal version of this story can be viewed at https://www.tickerreport.com/banking-finance/3353537/sm-energy-sees-unusually-high-options-volume-sm.html.

• [By Motley Fool Transcribers]

  SM Energy Co  (NYSE:SM)Q4 2019 Earnings Conference CallFeb. 21, 2019, 10:00 a.m. ET

  Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:

  Operator

Top 5 Value Stocks To Watch Right Now: S&P GSCI(GD)

Advisors' Opinion:

• [By Lou Whiteman]

  Whiteman: It is. The big guns, so to speak, are the names you mentioned, Lockheed Martin being the biggest with an $85 billion market cap. Then, there's a handful of other companies that are focused mostly on weapons platforms -- your General Dynamics (NYSE:GD), Northrop Grumman, Raytheon. The Boeing defense business is only 20% of the company, but it's still a huge contractor. 

• [By Lou Whiteman]

  Two of the biggest laggards have been General Dynamics (NYSE:GD) and Huntington Ingalls (NYSE:HII), each down by more than 10% in the past three months. The similarities go well beyond stock performance. The companies have two of the more interesting outlooks for growth among defense players, but each seemed to catch investors off guard over how long it will take that increased business to materialize.

• [By Lou Whiteman]

  There's more at stake for Huntington Ingalls and fellow shipbuilder General Dynamics (NYSE:GD) beyond the $6.5 billion in lost refueling revenue. A modern aircraft carrier does not sail alone but rather relies on a large number of escorts and affiliated ships that also need to be acquired and staffed. There is also the expense of finding pilots for the large number of planes that are housed on a carrier.

• [By Lou Whiteman]

  For investors looking to put new money to work in a defense prime today, I'd recommend General Dynamics (NYSE:GD) over either Raytheon or Northrop Grumman. General Dynamics currently trades at a 20% discount to its rivals on a price-to-earnings basis and at a 13% discount on a price-to-sales basis due to continued weakness in its business jet division. There's more risk to General Dynamics, but there is also more potential upside should it get its aerospace business on track and close that valuation gap.

• [By Lou Whiteman]

  Scale matters in the government IT business, as larger companies are better able to manage the increasingly large and complex systems customers demand, and a broader cost basis helps in putting together low-cost, competitive bids. In recent years, a wave of mergers and acquisitions has left a clear top two in the market. Industry leader Leidos Holdings (NYSE:LDOS) in 2016 bought the IT business of Lockheed Martin, while General Dynamics (NYSE:GD) vaulted to No. 2 earlier this year via its acquisition of CSRA.

Commonwealth Equity Services LLC Raises Position in Leggett & Platt, Inc. (LEG)

Commonwealth Equity Services LLC increased its stake in Leggett & Platt, Inc. (NYSE:LEG) by 189.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 146,216 shares of the company’s stock after purchasing an additional 95,722 shares during the quarter. Commonwealth Equity Services LLC owned 0.11% of Leggett & Platt worth $5,240,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Bank of Nova Scotia lifted its stake in shares of Leggett & Platt by 7.0% during the 4th quarter. Bank of Nova Scotia now owns 24,519 shares of the company’s stock valued at $878,000 after buying an additional 1,608 shares in the last quarter. Raymond James & Associates lifted its stake in shares of Leggett & Platt by 16.9% during the 4th quarter. Raymond James & Associates now owns 1,763,027 shares of the company’s stock valued at $63,187,000 after buying an additional 254,614 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Leggett & Platt by 27.7% during the 4th quarter. Bank of New York Mellon Corp now owns 5,805,887 shares of the company’s stock valued at $208,083,000 after buying an additional 1,258,390 shares in the last quarter. Stephens Inc. AR lifted its stake in shares of Leggett & Platt by 20.7% during the 4th quarter. Stephens Inc. AR now owns 29,994 shares of the company’s stock valued at $1,075,000 after buying an additional 5,143 shares in the last quarter. Finally, Tredje AP fonden lifted its stake in shares of Leggett & Platt by 140.2% during the 4th quarter. Tredje AP fonden now owns 27,781 shares of the company’s stock valued at $1,006,000 after buying an additional 16,217 shares in the last quarter. Institutional investors own 79.63% of the company’s stock.

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Shares of NYSE LEG opened at $44.32 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.09 and a current ratio of 1.87. The firm has a market capitalization of $5.98 billion, a price-to-earnings ratio of 17.87, a P/E/G ratio of 1.99 and a beta of 1.09. Leggett & Platt, Inc. has a 52-week low of $33.48 and a 52-week high of $47.44.

Leggett & Platt (NYSE:LEG) last announced its quarterly earnings results on Monday, February 4th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.02 billion. Leggett & Platt had a net margin of 7.16% and a return on equity of 28.99%. Leggett & Platt’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.59 EPS. On average, equities analysts forecast that Leggett & Platt, Inc. will post 2.53 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 15th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $1.52 dividend on an annualized basis and a yield of 3.43%. Leggett & Platt’s dividend payout ratio is currently 61.29%.

LEG has been the topic of a number of analyst reports. Zacks Investment Research restated a “sell” rating on shares of Leggett & Platt in a research note on Tuesday, November 13th. Gabelli cut shares of Leggett & Platt from a “buy” rating to a “hold” rating in a research note on Wednesday, February 6th. Finally, TheStreet upgraded shares of Leggett & Platt from a “c+” rating to a “b-” rating in a research note on Friday, March 1st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $45.80.

In other Leggett & Platt news, SVP Russell J. Iorio sold 16,042 shares of Leggett & Platt stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $45.73, for a total value of $733,600.66. Following the sale, the senior vice president now directly owns 71,149 shares in the company, valued at approximately $3,253,643.77. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Joseph W. Mcclanathan sold 10,143 shares of Leggett & Platt stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $43.83, for a total transaction of $444,567.69. Following the completion of the sale, the director now owns 26,034 shares in the company, valued at $1,141,070.22. The disclosure for this sale can be found here. Over the last quarter, insiders sold 44,635 shares of company stock worth $2,012,477. 1.52% of the stock is currently owned by insiders.

ILLEGAL ACTIVITY WARNING: “Commonwealth Equity Services LLC Raises Position in Leggett & Platt, Inc. (LEG)” was published by Ticker Report and is the sole property of of Ticker Report. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright and trademark law. The correct version of this piece can be viewed at https://www.tickerreport.com/banking-finance/4205652/commonwealth-equity-services-llc-raises-position-in-leggett-platt-inc-leg.html.

Leggett & Platt Company Profile

Leggett & Platt, Incorporated designs and produces various engineered components and products worldwide. It operates through four segments: Residential Products, Furniture Products, Industrial Products, and Specialized Products. The Residential Products segment offers innersprings, wire forms, and machines to shape wire into various types of springs; industrial sewing/finishing machines, conveyor lines, mattress packaging, and glue-drying equipment, as well as quilting machines; and structural fabrics, carpet cushions, and geo components.

Read More: 52-Week High/Low Prices For Stock Selection

Want to see what other hedge funds are holding LEG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Leggett & Platt, Inc. (NYSE:LEG).

Top 10 Low Price Stocks To Invest In 2019

tags:CRECF,HMSY,BRK.A,MPWR,ENB,BGCP,MVF,VEEV,TOPS,NFBK, The U.S. Commerce Department backed Boeing in its challenge to Bombardier, recommending an enormous tariff on sales of Bombardier's C Series jetliner, a major blow to the Canadian plane maker.

The initial ruling by the International Trade Commission, an arm of the Commerce Department, recommends a 219.63% tariff on the delivery of each airliner, according to a person briefed on the ITC's findings.

Boeing (BA), America's largest exporter and sole U.S. producer of commercial airliners, is suing Bombardier. At issue is whether Bombardier received financial backing from the Canadian government that allowed the plane maker to stay afloat and sell to Delta for what Boeing alleges were "absurdly low prices."

"The U.S. values its relationships with Canada, but even our closest allies must play by the rules," said Commerce Secretary Wilbur Ross in a statement. "The subsidization of goods by foreign governments is something that the Trump Administration takes very seriously, and we will continue to evaluate and verify the accuracy of this preliminary determination."

Top 10 Low Price Stocks To Invest In 2019: Critical Elements Corporation (CRECF)

Advisors' Opinion:

• [By ]

  The following 6 companies are on the bench for the index:

  Advantage Lithium (OTCQX:AVLIF) Argosy Minerals (OTCPK:ARYMF) Bacanora Minerals (OTC:BCRMF) Critical Elements (OTCQX:CRECF) NEO Lithium (OTCQX:NTTHF) Wealth Minerals (OTCQX:WMLLF)

  "Bench" is a sports analogy meaning that one or more of them could be added in the future if one of the above companies becomes a producer, is acquired, or the market capitalization ("cap") of one or more of the index holdings falls significantly below that of one or more companies on the bench.

• [By ]

  Other juniors include: Advantage Lithium (OTCQB:AVLIF) [TSXV:AAL], AIS Resources [TSXV:AIS] (OTCQB:AISSF), American Lithium Corp. [TSX-V: LI] (OTCQB:LIACF), Argentina Lithium and Energy Corp. [TSXV:LIT] (OTCQB:PNXLF), Argosy Minerals [ASX:AGY] (OTC:ARYMF), AVZ Minerals [ASX:AVZ] (OTC:AZZVF), Bacanora Minerals [TSXV:BCN] [AIM:BCN] [GR:1BQ] (OTC:BCRMF), Birimian Ltd [ASX:BGS] (OTC:EEYMF), Critical Elements [TSXV:CRE] [GR:F12] (OTCQX:CRECF), Dajin Resources [TSXV:DJI] (OTCPK:DJIFF), Enigri (private), Eramet (EN Paris:ERA) (OTCPK:ERMAY), European Metals Holdings [ASX:EMH] [AIM:EMH] [GR:E861] (OTC:ERPNF), Far Resources [CSE:FAT] (OTCPK:FRRSF), Force Commodities [ASX:4CE], Kidman Resources [ASX:KDR] [GR:6KR], Latin Resources Ltd [ASX: LRS] (OTC:LAXXF), Lithium Australia [ASX:LIT] (OTC:LMMFF), Lithium Power International [ASX:LPI] (OTC:LTHHF), LSC Lithium [TSXV:LSC] (OTC:LSSCF), MetalsTech [ASX:MTC], MGX Minerals [CSE:XMG] (OTC:MGXMF), Millennial Lithium Corp. [TSXV:ML] (OTCQB:MLNLF), Neo Lithium [TSXV:NLC] (OTC:NTTHF), NRG Metals Inc. [TSXV:NGZ] (OTCQB:NRGMF), Nemaska Lithium [TSX:NMX] [GR:NOT] (OTCQX:NMKEF), North American Lithium (private), Piedmont Lithium [ASX:PLL] (OTC:PLLLY), Prospect Resources [ASX:PSC], Sayona Mining [ASX:SYA] (OTCPK:DMNXF), Savannah Resources [LSE:SAV], Standard Lithium [TSXV:SLL] (OTC:STLHF), and Wealth Minerals [TSXV:WML] (OTCQB:WMLLF).

Top 10 Low Price Stocks To Invest In 2019: HMS Holdings Corp(HMSY)

Advisors' Opinion:

• [By Logan Wallace]

  Massachusetts Financial Services Co. MA increased its position in shares of HMS Holdings (NASDAQ:HMSY) by 40.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,007,174 shares of the business services provider’s stock after purchasing an additional 292,456 shares during the period. Massachusetts Financial Services Co. MA owned approximately 1.21% of HMS worth $16,961,000 as of its most recent filing with the Securities and Exchange Commission.

• [By Max Byerly]

  Stock analysts at Chardan Capital initiated coverage on shares of HMS (NASDAQ:HMSY) in a report issued on Thursday, Marketbeat.com reports. The brokerage set a “neutral” rating and a $35.00 price target on the business services provider’s stock. Chardan Capital’s price target would indicate a potential upside of 3.67% from the stock’s current price.

• [By Max Byerly]

  HMS Holdings Corp (NASDAQ:HMSY) has been assigned an average recommendation of “Buy” from the thirteen analysts that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $30.90.

Top 10 Low Price Stocks To Invest In 2019: Berkshire Hathaway Inc.(BRK.A)

Advisors' Opinion:

• [By Dustin Parrett]

  Warren Buffett made the exact same case in his last letter to shareholders, too. Berkshire Hathaway Inc. (NYSE: BRK.A) has more than $100 billion in cash and can't find any deals in this high-priced market.

• [By ]

  Since the publication of that issue on February 5, 1996, Apple's shares have risenby more than 20,000%. And investors who purchased shares in Berkshire Hathaway (NYSE: BRK.A) 20 years ago have beat the S&P 500 by more than 2-to-1.

• [By ]

  Billionaire investor and CEO of Berkshire Hathaway (BRK.A)  , Warren Buffett, has never been a fan of cryptocurrency, but his latest assault on the digital asset is arguably his toughest yet. In an interview on CNBC Monday, Buffett said bitcoin is "probably rat poison squared." Buffett had previously argued that bitcoin is a gamble more than it is an investment and that the cryptocurrency would almost surely come to a "bad ending." On Monday, Buffett said, "[Bitcoin] itself is creating nothing. When you're buying nonproductive assets, all you're counting on is the next person is going to pay you more because they're even more excited about another next person coming along." Buffett's comments, which were made after Berkshire's annual shareholder meeting on Saturday, followed a similar sentiment from his second-in-command, Charlie Munger, who said crypto trading is "just dementia."

• [By ]

  News of Buffett's big buy, amid worries on Wall Street over iPhone demand, comes ahead of Berkshire Hathaway's  (BRK.A) annual shareholder meeting on Saturday, May 5. To be sure, Buffett appears to be loving Action Alerts PLUS holding Apple's mix of recurring service revenue, cheap valuation (the stock is stupid cheap) and increasing generosity with its capital return plans. Just this week, Apple silenced the growing number of bears with a solid earnings beat and a shiny new $100 billion stock buyback plan. Berkshire, the billionaire's holding conglomerate, revealed in February that it hiked its stake in Apple by a whopping 23% to 165.3 million shares during the fourth quarter.

Top 10 Low Price Stocks To Invest In 2019: Monolithic Power Systems, Inc.(MPWR)

Advisors' Opinion:

• [By Joseph Griffin]

  Get a free copy of the Zacks research report on Monolithic Power Systems (MPWR)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Shane Hupp]

  Get a free copy of the Zacks research report on Monolithic Power Systems (MPWR)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Ethan Ryder]

  Texas Permanent School Fund cut its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.4% in the second quarter, HoldingsChannel reports. The institutional investor owned 25,049 shares of the semiconductor company’s stock after selling 612 shares during the period. Texas Permanent School Fund’s holdings in Monolithic Power Systems were worth $3,348,000 as of its most recent SEC filing.

• [By Logan Wallace]

  News headlines about Monolithic Power Systems (NASDAQ:MPWR) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Monolithic Power Systems earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave news stories about the semiconductor company an impact score of 46.1278970459044 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

• [By Max Byerly]

  Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) reached a new 52-week high and low on Wednesday after Deutsche Bank raised their price target on the stock from $130.00 to $140.00. Deutsche Bank currently has a buy rating on the stock. Monolithic Power Systems traded as low as $137.03 and last traded at $136.43, with a volume of 4470 shares trading hands. The stock had previously closed at $136.41.

• [By Joseph Griffin]

  Get a free copy of the Zacks research report on Monolithic Power Systems (MPWR)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

Top 10 Low Price Stocks To Invest In 2019: Enbridge Inc(ENB)

Advisors' Opinion:

• [By Joseph Griffin]

  Shares of Enbridge Inc (TSE:ENB) (NYSE:ENB) have earned a consensus recommendation of “Buy” from the eleven analysts that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$54.27.

• [By Matthew DiLallo]

  North American pipeline companies have three major pipeline projects currently under development: Trans Mountain, Enbridge's (NYSE:ENB) Line 3 Replacement, and TransCanada's (NYSE:TRP) Keystone XL. Of that trio, only Line 3 is currently under construction. Enbridge anticipates that the project will enter service in the second half of next year, bringing the pipeline's capacity back up to its original design of 760,000 barrels of oil per day (BPD), which is double its current rate. The company recently won approval to construct the line through the state of Minnesota along its preferred route and signed an agreement with a Native American group to build it through their reservation. As a result, the company remains on schedule and on budget with the project.

• [By Paul Ausick]

  Energy infrastructure company Enbridge Inc. (NYSE: ENB) announced Friday morning that it has entered into a definitive agreement to acquire the 81.9 million shares (17% of shares outstanding) of Spectra Energy Partners L.P. (NYSE: SEP) that it does not already own in a transaction valued at $3.3 billion, based on Thursday’s closing price for Enbridge stock. Enbridge already owns 83% of Spectra.

• [By Reuben Gregg Brewer]

  The United States has a plethora of midstream names for investors to look at, but it isn't the only game in town. Canada has its own collection of midstream companies, some of which have compelling value propositions and attractive dividend yields. Kinder Morgan Canada Ltd (NASDAQOTH:KMLGF) (TSX:KML) and Enbridge Inc. (NYSE:ENB), with yields of 4.5% and 6.1%, respectively, are two Canadian midstream players investors might find interesting today. But which is the better buy?

Top 10 Low Price Stocks To Invest In 2019: BGC Partners, Inc.(BGCP)

Advisors' Opinion:

• [By Ethan Ryder]

  UBS Group AG raised its holdings in shares of BGC Partners, Inc. (NASDAQ:BGCP) by 248.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,519,131 shares of the financial services provider’s stock after purchasing an additional 1,082,829 shares during the quarter. UBS Group AG’s holdings in BGC Partners were worth $20,432,000 as of its most recent SEC filing.

• [By Shane Hupp]

  Get a free copy of the Zacks research report on BGC Partners (BGCP)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By ]

  BGC Partners (BGCP) : "We're in a market where Goldman Sachs (GS) got slammed. I'm going with them."

  Ecolab (ECL) : "That's a terrific situation that I want you to buy more of if it comes down."

Top 10 Low Price Stocks To Invest In 2019: MuniVest Fund, Inc.(MVF)

Advisors' Opinion:

• [By Max Byerly]

  BlackRock MuniVest Fund Inc. (NYSEAMERICAN:MVF) declared a monthly dividend on Thursday, September 6th, Wall Street Journal reports. Stockholders of record on Friday, September 14th will be paid a dividend of 0.041 per share by the investment management company on Monday, October 1st. This represents a $0.49 annualized dividend and a dividend yield of 5.57%. The ex-dividend date of this dividend is Thursday, September 13th.

Top 10 Low Price Stocks To Invest In 2019: Veeva Systems Inc.(VEEV)

Advisors' Opinion:

• [By ]

  Shares of Veeva (NYSE:VEEV) have rallied about 40% this year, as the healthcare cloud services provider topped first-quarter analyst estimates with robust sales and earnings growth. Its revenue rose 22% annually to $195.5 million, beating estimates by $6.6 million. Its non-GAAP net earnings grew 43% to $0.33 per share, exceeding expectations by $0.02.

• [By Keith Speights]

  Veeva Systems (NYSE:VEEV) and Cerner Corporation (NASDAQ:CERN) stand out as two of the top providers of these healthcare systems. Veeva has definitely been the bigger winner lately, with its stock soaring nearly 40% so far in 2018. Meanwhile, Cerner stock is down more than 10% year to date.

• [By Logan Wallace]

  Veeva Systems Inc (NYSE:VEEV) has received a consensus recommendation of “Buy” from the seventeen research firms that are currently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $80.59.

• [By Brian Stoffel]

  The two companies in today's matchup share the same roots. Peter Gassner, founder and CEO of Veeva Systems (NYSE:VEEV), was an executive at Salesforce (NYSE:CRM) when he realized an opportunity: Drug companies had specific cloud needs that Salesforce couldn't meet.

• [By Max Byerly]

  CI Global Investments Inc. bought a new position in Veeva Systems Inc (NYSE:VEEV) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 60,664 shares of the technology company’s stock, valued at approximately $4,430,000.

• [By Keith Speights]

  It provides cloud-based software to healthcare companies. And it has a track record of strong revenue and earnings growth. Which company is it? Veeva Systems (NYSE:VEEV) is a correct answer. So is athenahealth (NASDAQ:ATHN).  

Top 10 Low Price Stocks To Invest In 2019: TOP Ships Inc.(TOPS)

Advisors' Opinion:

• [By Alexander Bird]

  Here are this week's top-performing penny stocks:

  Penny Stock Current Share Price Last Week's Gain  Axovant Sciences (Nasdaq: AXON) $4.87 150.00% American Electric Technologies Inc. (Nasdaq: AETI) $1.56 102.70% EDAP TMS SA (Nasdaq: EDAP) $3.44 58.59% Conn's Inc. (Nasdaq: CONN) $2.01 51.99% Versartis Inc. (Nasdaq: VSAR) $2.15 48.28% Onconova Therapeutics Inc. (Nasdaq: ONTX) $0.54 47.92% Ameri Holdings Inc. (Nasdaq: AMRH) $1.21 44.73% Westwater Resources Inc. (Nasdaq: WWR) $0.58 36.76% Top Ships Inc. (Nasdaq: TOPS) $1.04 35.44% Rexahn Pharmaceuticals Inc. (NYSE: RNN) $2.11 30.59%

  While the gains of last week's top penny stocks are exciting, it's important to note that these kinds of returns are not guaranteed.

Top 10 Low Price Stocks To Invest In 2019: Northfield Bancorp Inc.(NFBK)

Advisors' Opinion:

• [By Max Byerly]

  Get a free copy of the Zacks research report on Northfield Bancorp (NFBK)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Logan Wallace]

  These are some of the news stories that may have impacted Accern Sentiment’s scoring:

  Get Northfield Bancorp alerts: Head-To-Head Contrast: Northfield Bancorp (NFBK) & The Competition (americanbankingnews.com) Northfield Bancorp (NFBK) and Its Competitors Critical Survey (americanbankingnews.com) Head to Head Survey: Northfield Bancorp (NFBK) versus The Competition (americanbankingnews.com) Northfield Bancorp (NFBK) Stock Rating Lowered by BidaskClub (americanbankingnews.com) Northfield Bancorp (NFBK) & Its Rivals Head to Head Analysis (americanbankingnews.com)

  Shares of Northfield Bancorp opened at $15.96 on Thursday, MarketBeat reports. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.71. Northfield Bancorp has a twelve month low of $15.88 and a twelve month high of $15.92. The firm has a market capitalization of $777.27 million, a P/E ratio of 21.86, a price-to-earnings-growth ratio of 2.37 and a beta of 0.35.

• [By Joseph Griffin]

  BidaskClub upgraded shares of Northfield Bancorp (NASDAQ:NFBK) from a hold rating to a buy rating in a research note released on Saturday morning.

  Other equities analysts also recently issued reports about the stock. TheStreet raised shares of Northfield Bancorp from a c+ rating to a b rating in a research note on Thursday, April 26th. ValuEngine downgraded shares of Northfield Bancorp from a hold rating to a sell rating in a research note on Tuesday, June 12th. Zacks Investment Research downgraded shares of Northfield Bancorp from a buy rating to a hold rating in a research note on Thursday, May 17th. Finally, Keefe, Bruyette & Woods reaffirmed a hold rating and set a $18.50 target price on shares of Northfield Bancorp in a research note on Tuesday, February 27th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Northfield Bancorp presently has an average rating of Hold and an average price target of $17.60.

• [By Shane Hupp]

  Northfield Bancorp (NASDAQ: NFBK) is one of 90 publicly-traded companies in the “Federal savings institutions” industry, but how does it weigh in compared to its peers? We will compare Northfield Bancorp to related companies based on the strength of its dividends, profitability, risk, institutional ownership, valuation, analyst recommendations and earnings.

• [By Ethan Ryder]

  ValuEngine downgraded shares of Northfield Bancorp (NASDAQ:NFBK) from a hold rating to a sell rating in a research note released on Monday.

  A number of other equities research analysts have also issued reports on the stock. Zacks Investment Research raised shares of Northfield Bancorp from a sell rating to a hold rating in a report on Friday, August 10th. Keefe, Bruyette & Woods reaffirmed a neutral rating on shares of Northfield Bancorp in a report on Thursday, August 9th. Finally, BidaskClub raised shares of Northfield Bancorp from a hold rating to a buy rating in a report on Friday, July 6th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $17.75.

• [By Logan Wallace]

  Shares of Northfield Bancorp Inc (NASDAQ:NFBK) have earned a consensus rating of “Hold” from the seven research firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $17.25.

Here's Why MercadoLibre Shares Soared 26% in February

What happened

Shares of MercadoLibre (NASDAQ:MELI) jumped 26% in February after the Argentine e-commerce giant delivered fourth-quarter earnings that exceeded expectations and helped to calm some of the worries that had surrounded the company through much of 2018.

So what

MercadoLibre has been a great longtime performer, with its shares up more than 353% in the last five years. But the stock was down 6.93% in 2018 due to unexpected Brazilian postal rate hikes, a trucker strike, and an accounting rule change that made results appear weaker than under the old standard. The company missed analyst expectations last summer due to that confluence of factors, and investors seemingly took a wait-and-see approach in the months that followed.

Image source: Getty Images.

The fourth-quarter results provided investors with reason to cheer. MercadoLibre reported net revenue of $428 million, up 20% year over year, and a strong 62% in local currencies. The company lost $0.05 per share, better than the $0.13 expected by analysts, and significantly improved from the $1.53 loss per share in the year-ago quarter.

Adjusting for foreign exchange losses resulting from the weakness of the Argentine peso versus the U.S. dollar, MercadoLibre would have been profitable for the quarter.

Now what

While the company's core marketplace revenue was up, the real standout was its payment growth. Payment transactions increased by 72% year over year to 126 million, resulting in total payment volume of $5.3 billion. Management is feeling confident about the payments business. CEO Pedro Arnt, on a call that followed the results, said that the company's payment arm, MercadoPago, is "a powerful disruptive provider of inclusive financial technology solutions."

MercadoLibre is often referred to as the Amazon.com of Latin America, and like Amazon, company management has been focused on growth at the expense of profitability. But if fourth-quarter results are any indications, those investments look to be paying off, and MercadoLibre seems well on its way to being not just a dominant e-commerce player but also a massive payments provider in the region, with a lot of potential to grow.

 

Buy CRM Stock as Salesforce Tries to Double Revenue by 2023?

Shares of Salesforce (CRM ) fell after-hours Monday and continued their dip in morning trading Tuesday after the firm provided some weaker-than-expected guidance. Despite the small downturn, the cloud-focused, software-as-a-service powerhouse said it plans to double its revenue over the next four years as businesses around the world adapt to the quickly changing digital age.

Q4 Overview

Salesforce posted fourth-quarter fiscal 2019 revenue of $3.60 billion. This marked a 26% jump from the prior-year quarter and surpassed our $3.56 billion Zacks Consensus Estimate. Investors should note that CRM’s Q4 revenue growth topped the four-quarter of 2018’s 24% and matched Q3’s climb.

More specifically, Salesforce’s quarterly subscription and support division came in at $3.375 billion, which beat our NFM estimate and represented a 26.4% climb. CRM’s smaller, professional services and other unit did fall short of our estimate at $228 million.

At the bottom end of the income statement, Salesforce’s adjusted fourth-quarter EPS climbed from $0.47 to reach $0.70 a share and crush our $0.56 per share estimate. Meanwhile, the customer relationships management firm’s free cash flow surged 27% to $1.16 billion, to easily top Wall Street expectations that called for just a 4% climb.

 

Q1 & Fiscal 2020 Outlook

Looking ahead, as we mentioned at the top, Salesforce provided some lower-than-expected guidance.

Management projected adjusted fiscal first-quarter earnings between $0.60 and $0.61 per share, which came in just below our $0.62 a share estimate. Despite the subdued Q1 outlook, the company’s full-year earnings guidance of $2.74 to $2.76 per share came in above our $2.73 a share estimate.

CRM expects to report first-quarter fiscal 2020 revenues between $3.67 billion and $3.68 billion. This fell below our $3.72 billion estimate, which would have marked 23.6% growth. For the full year, Salesforce provided revenue guidance in the $15.95 billion to $16.05 billion range, which came somewhat in line with our current $15.98 billion estimate that would have marked nearly 21% year over year expansion.

What’s Next?

Jumping even further ahead, Salesforce management projects to see its revenue reach $26 billion to $28 billion by fiscal 2023. This implies an annual growth rate of roughly 19% over the next four years and would see the firm double its revenue. However, investors should note that this revenue growth would mark some of the slowest Salesforce has seen in years, after an extended run of roughly 25% growth every quarter.

Clearly, the slowdown is certainly not guaranteed and Salesforce has surpassed the high-end of its short-term revenue forecast every quarter for the past five years. Still, revenue deceleration is certainly not a welcome sign, but it is something that every successful company experiences at some point.

For instance, Amazon (AMZN ) looks poised for a top-line slowdown along with Facebook (FB ) and other tech giants, while Apple (AAPL ) is set to for an outright downturn this year. But once investors get used to the new normal, stocks can soar, especially in growth industries, just ask Microsoft (MSFT ) .

At the end of the day, Salesforce still operates a business that looks poised to remain valuable for years to come. Salesforce offers its business clients a wide range of cloud-based platforms to help them run sales, marketing, e-commerce, analytics, and much more. The San Francisco-based firm’s customer relationship management offerings have become essential to many companies and would otherwise require a large amount of in-house talent, infrastructure, and maintenance.

 

 

 

Salesforce’s clients include American Express (AXP ) , Intuit (INTU ) , the U.S. Department of Agriculture, and more than 150,000 other firms and agencies. Marc Benioff’s company also sells Microsoft Office-style products to help compete against MSFT and Google (GOOGL ) and has introduced new wrinkles to its Einstein artificial intelligence platform.

Salesforce and some of its peers such as Adobe (ADBE ) , Oracle (ORCL ) , and VMware (VMW ) , offer software and web-based services that allow companies to operate in today’s connected age, which isn’t trendy or cyclical. “As companies of all sizes turn to Salesforce, we're enabling them to put the customer at the center of their digital transformation through our intelligent Customer 360 platform,” Benioff said in a statement. “I've never been more excited about the opportunity ahead.”

Bottom Line

Salesforce might see its top-line slowdown going forward. Nonetheless, the company looks set to play a major role in the expansion of cloud computing, AI, and other newer areas of tech innovation, which some industry analysts and experts have called the Fourth Industrial Revolution.

CRM stock was down just over 1% through morning trading Tuesday to sit at $156.78 a share. This marked a roughly 5.5% downturn from Salesforce’s 52-week high of $166.15 a share. Salesforce is a Zacks Rank #1 (Strong Buy) at the moment, but that could change as analysts update their estimates based on the company’s new guidance.

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Cramer: 'It's about time' that Gap decided to split its businesses

Gap's split up is a "sobering reminder" that companies cannot "repurchase" their way to greatness," CNBC's Jim Cramer said Friday.

The "Mad Money" host gave an exception to AutoZone's buyback program that was coupled with a growth story, but said it's "pathetic" that shares of Gap gained just 5 points from $20 to $25 since early 2008. He was critical that the retailer opted for stock buybacks, cutting outstanding shares more than half, in lieu of organic growth opportunities over the years.

Gap's decision to separate Old Navy into an independent publicly traded company from its other brands unlocked value, sparking the stock's 16 percent rise following the Thursday announcement, Cramer said. The company posted mixed results for the holiday quarter.

"I know this may seem like pure financial legerdemain ... but I think it's a really fantastic idea and the move makes a ton of sense," he said. "Frankly, it's about time."

With the spin off, Old Navy can grow on its own, Cramer said. The host pointed out that its same-store sales grew 3 percent despite an "anemic" fourth quarter. On the other hand, the flagship store Gap saw same-store sales shrink 5 percent, Cramer said.

The remaining brands, which includes Gap, Banana Republic, Intermix, Athleta and Hill City, will be clustered under a separate entity called "Newco" in the interim. Cramer said that umbrella is in "urgent" need of a new plan, suggesting that CEO Art Peck close all underperforming stores to focus on the good ones and find a new name.

"In short, buybacks don't mean squat without a compelling growth story. That's why Art Pell wants to change the narrative in one fell swoop," he said. "If he can spin off Old Navy then close the underperforming stores that remain under the Gap umbrella, I think you'd see a dramatic comeback with this stock."

Gap plans to close about 230 specialty stores over the next two years and expects 40 percent of future sales to come online.

"Think of it as addition by subtraction," Cramer said. "We've seen it work time and time again, which is why I actually think after a lot of analysts poo-pooed it that the new Gap could have a lot more upside."

WATCH: Cramer explains why it was time for Gap to split up show chapters Cramer: 'It's about time' that Gap decided to split its businesses    1 Hour Ago | 04:35

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Why Booking Holdings Is Losing Altitude Today

What happened

Following the release of fourth-quarter earnings, shares of travel giant Booking Holdings (NASDAQ:BKNG) dropped as much as 10% in early morning trading on Thursday. The stock was down about 9% as of 12:23 p.m. EST.

So what

Here's a review of the headline numbers from the company's fourth quarter:

Revenue jumped 15% to $3.21 billion. That matched the number that analysts were expecting. Adjusted net income grew 25% to $1.05 billion. Adjusted earnings grew 33% to $22.49 per share. That comfortably exceeded the company's own guidance and also surpassed the $19.42 EPS analysts were expecting.

Zooming out to the full-year 2018 results, here's a review of the key numbers:

Revenue grew 17% to $14.5 billion. This figure matched Wall Street's estimate. Non-GAAP net income increased 16% to $4.4 billion. Non-GAAP EPS expanded 20% to $92.59. This number came in ahead of the $89.70 that market-watchers were expecting.

Image source: Getty Images.

Booking Holdings' CEO Glenn Fogel was modest in his commentary on the year:

2018 was a good year for Booking Holdings as we met many important financial and strategic goals. In 2018, we achieved a new milestone exceeding three-quarters of a billion total booked room nights and produced strong year-over-year growth across our key financial metrics.

So if the company finished 2018 strong, why are shares falling? The blame can be placed solely on the shoulders of the company's guidance:

First-quarter 2019 adjusted revenue growth is expected to be in the range of negative 1% to 1%. Wall Street was expecting growth of 8%. First-quarter 2019 adjusted net income is expected to land between $495 million and $510 million, or $10.90 to $11.20 per share. That number is well below the current consensus estimate of $12.78. Full-year 2019 non-GAAP EPS is expected to grow "in the low double digits" on a currency-neutral basis.

Given the sluggish forecast, it's understandable why shares are selling off today.

Now what

Booking Holdings' guidance certainly looks disappointing on the surface. However, it's worth noting that gross travel bookings are expected to grow between 5% and 7% when viewed through a constant currency lens. That suggests that this company's core brands remain as popular as ever.

What's more, Booking's management team has a long history of being very conservative with its guidance. That's why this happy shareholder is going to take these guidance numbers with a big grain of sugar.

Platinum Eagle Acquisition Corp (EAGL) CEO Jeffrey Sagansky Bought $507,000 of Shares

CEO of Platinum Eagle Acquisition Corp (NASDAQ:EAGL) Jeffrey Sagansky bought 50,000 shares of EAGL on 02/27/2019 at an average price of $10.14 a share. The total cost of this purchase was $507,000.

Platinum Eagle Acquisition Corp is a blank check company. Platinum Eagle Acquisition Corp has a market cap of $411.940 million; its shares were traded at around $10.14 with a P/E ratio of 84.50.

CEO Recent Trades:

CEO Jeffrey Sagansky bought 50,000 shares of EAGL stock on 02/27/2019 at the average price of $10.14. The price of the stock has decreased by 0% since.

Directors and Officers Recent Trades:

Director Joshua A Kazam bought 5,000 shares of EAGL stock on 03/01/2019 at the average price of $10.13. The price of the stock has increased by 0.1% since.Director Fredric D Rosen bought 5,000 shares of EAGL stock on 02/28/2019 at the average price of $10.11. The price of the stock has increased by 0.3% since.Director James A Graf bought 1,000 shares of EAGL stock on 02/27/2019 at the average price of $10.14. The price of the stock has decreased by 0% since.

For the complete insider trading history of EAGL, click here

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3 Costly Mistakes People Make With Roth IRAs

Roth IRAs continue to gain popularity as vehicles for retirement savings. That stems from the fact that Roth IRAs offer tremendous tax breaks. Not only do they shelter your investments from capital-gains taxes and dividend taxes, but they allow you to withdraw your funds in retirement without paying income tax on them.

However, taking full advantage of a Roth IRA means avoiding several mistakes that can cost you money in the form of taxes, penalties, and attorney fees. Here are three common and costly mistakes to be aware of and avoid.

Roth IRAs come with rules that need to be followed. Image source: Getty Images.

1. Over-contributing

In 2019, workers under age 50 can contribute a maximum of $6,000 to a Roth IRA. People over age 50 can contribute a maximum of $7,000. However, if your income exceeds a certain amount, then you may not be able to contribute the full amount -- or anything at all. To make the maximum annual contribution, you must have a gross income below $122,000 if you're a single tax filer or $193,000 if you're half of a married couple filing jointly. The amount you can contribute declines as your income exceeds these amounts. Once your income exceeds $137,000 as a single filer or $203,000 as a married couple filing jointly, you're not eligible to contribute to a Roth IRA at all.

Should you contribute more to a Roth IRA than you're allowed, you'll have made what is known as "an ineligible excess contribution," which can result in tax penalties. Specifically, the penalty for ineligible contributions is 6% of the ineligible amount. You pay this penalty when you file your income tax return using Form 5329. To avoid the 6% penalty on excess funds, it's important to know whether you're eligible to contribute to a Roth IRA and how much money you can put in the account each year based on your age and your income. Over-contributing is an easy mistake to make, especially if a recent increase in your income has suddenly made you ineligible to contribute the same amount you did before.  

2. Pulling money out early

Pulling money out early can be a pitfall with many investments. But it can be particularly costly if that investment is held in a Roth IRA. If you withdraw money from a Roth IRA before you're 59 1/2 years old, the amount withdrawn may be subject to a 10% penalty, as well as income tax on any "accrued earnings." Any money you withdraw beyond the amount of your original contributions to a Roth IRA is viewed as "earnings," and it's subject to income tax.

The good news is that there are some notable exceptions to this rule. For example, if the funds go toward the purchase of your first home, or if they're distributed to your beneficiaries upon your death, then the withdrawal will not be subject to penalties or taxes. There are also some breaks available to people using a Roth IRA withdrawal to help pay college expenses. You must also remember the "five-year rule," which requires that your Roth IRA be open for at least five years before you withdraw any funds, lest you face income tax and penalties.

Given the stiff penalties and taxes involved, it's advisable to withdraw money from a Roth IRA only as a last resort in an emergency. And bear in mind that the IRS has good reasons for putting these restrictions on your withdrawals: That money is meant to help you stay financially secure in retirement, not cover near-term expenses.

3. Forgetting to list primary and contingent beneficiaries

When you're setting up a Roth IRA, it's important to pay attention to the fine print and fill out all the forms and paperwork properly. This includes listing primary and contingent beneficiaries for the account. Forgetting to name beneficiaries of your Roth IRA can cause big headaches for your heirs. The money in your account will be made payable to your estate, which means it will go through probate. And probate can be a complicated process that requires your heirs to pay hefty attorney fees to gain access to the money.

Remember to name beneficiaries when you first set up a Roth IRA, and be sure to update the paperwork associated with the account if you'd like to add or remove beneficiaries. For example, if you get divorced, you may want to remove your ex-spouse as a beneficiary, and if you have grandchildren, you may decide to leave some of the money to them.

Roth IRAs are great investment vehicles. But, like most retirement savings instruments, they come with their share of rules and procedures. Failure to follow the rules can lead to expensive problems.