Asian stocks swung between gains and losses as health care companies rose while materials producers fell. Japanese shares climbed as the yen weakened.
BHP Billiton Ltd., the world�� biggest mining company, fell 1 percent in Sydney as it headed for its lowest close since July 22. Alfresa Holdings Corp. gained 3.7 percent in Tokyo to lead health care stocks higher. Mazda Motor Corp., which gets 30 percent of sales in North America, added 2.9 percent as the yen slid for a third day on optimism the U.S. government will avoid default.
The MSCI Asia Pacific Index rose 0.1 percent to 139.16 as of 10:32 a.m. in Tokyo after falling as much as 0.2 percent. U.S. House Republican and Senate Democratic leaders are open to a short-term increase in the debt limit, said congressional aides of both parties who spoke on condition of anonymity.
��he market obviously is expecting the gridlock to be resolved,��said Donald Williams, Sydney-based chief investment officer at Platypus Asset Management Ltd., which oversees about A$1.6 billion ($1.5 billion). ��ut having said that, I think the market is uncertain until this is resolved, and so we��e got choppy trading conditions ahead for the next week or so.��
Top Defensive Stocks To Own For 2015: WESCO International Inc. (WCC)
WESCO International, Inc. engages in the distribution of electrical, industrial, and communications maintenance, repair, and operating (MRO) products; and original equipment manufacturers products and construction materials. It also provides supply chain management and logistics services. The company offers general and industrial supplies, such as wiring devices, fuses, terminals, connectors, boxes, enclosures, fittings, lugs, terminations, tapes, splicing and marking equipment, tools and testers, safety and security, personal protection, abrasives, cutting tools, consumables, fasteners, janitorial, and other MRO supplies. It also provides wires, cables, raceway, and metallic and non-metallic conduits; and communications products, such as structured cabling systems, broadband products, low voltage specialty systems, specialty wire and cable products, equipment racks and cabinets, access controls, alarms, cameras, and paging and voice solutions. In addition, the company off ers power distribution equipment, such as circuit breakers, transformers, switchboards, panel boards, metering products, and busway products; lighting and controls, including lamps, fixtures, ballasts, and lighting control products; and motor control devices, drives, surge and power protection, relays, timers, pushbuttons, operator interfaces, switches, sensors, and interconnects. Further, it provides value added services in the areas of construction, e-business, energy, engineering services, green and sustainability, production support, safety and security, supply chain optimization, training, and working capital. The company serves industrial and commercial businesses, contractors, governmental agencies, institutions, telecommunications providers, and utilities. It operates in North America and internationally. WESCO International, Inc. was founded in 1922 and is headquartered in Pittsburgh, Pennsylvania.
Advisors' Opinion:- [By Seth Jayson]
WESCO International (NYSE: WCC ) reported earnings on April 18. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), WESCO International met expectations on revenues and missed estimates on earnings per share. - [By Ben Levisohn]
Citigroup’s Deane Dray and team took a long hard look at the U.S. economy and the their ratings on diversified industrial like United Technologies (UTX), Honeywell (HON), Tyco (TYC) and Wesco International (WCC) and decided it was time to makes some changes.
- [By Rich Smith]
Instead, the winners who will compete among themselves to fulfill the $45 million firm-fixed-price, multiple-award, indefinite-delivery/indefinite-quantity contract include privately held Bluewater Communications Group LLC, small-cap Globecomm Systems (NASDAQ: GCOM ) , and TVC Communications LLC, of Annville, Penn., a small subsidiary of larger electronics distributor WESCO International (NYSE: WCC ) . All three will now be competing against each other to win the Pentagon's business on individual task orders for the Cisco and other HD equipment on order.
5 Best Japanese Stocks To Invest In Right Now: Coeur d'Alene Mines Corporation(CDE)
Coeur d'Alene Mines Corporation, together with its subsidiaries, engages in the ownership, operation, exploration, and development of silver and gold mining properties located primarily in South America, Mexico, the United States, and Australia. The company also explores for lead and zinc ores. Its properties include the Palmarejo mine located in the state of Chihuahua, northern Mexico; San Bartolome mine located near Potosi, Bolivia; Kensington mine located north-northwest of Juneau, Alaska; Rochester mine located in northwestern Nevada; Martha mine located in Santa Cruz, Argentina; and the Endeavor mine in New South Wales, Australia, as well as Joaquin, Tornado, and Satelite properties in Santa Cruz, Argentina. The company was founded in 1928 and is based in Coeur d?Alene, Idaho.
Advisors' Opinion:- [By Ben Levisohn]
We continue to recommend Newmont, [Coeur Mining (CDE)] and [Gold Resource Corp. (GORO)] as large cap, silver and small cap picks, respectively.
Sterne Agee’s comments come one day after Ned Davis Research upgraded the gold sector to Neutral from Underweight. “…gold miners look to be finally bottoming,” John Laforge and Waren Pies wrote, though they say it’s too early to know if a new uptrend has begun.
5 Best Japanese Stocks To Invest In Right Now: Petrobras Argentina S.A.(PZE)
Petrobras Argentina S.A. operates as an integrated energy company. The company engages in oil and gas exploration and production activities in Argentina, Venezuela, Ecuador, and Bolivia; and provides technical and operating support services in Mexico. It also operates refineries that produce premium gasoline, ultra high octane gasoline, regular gasoline, diesel oil, fuel oil, solvents, aromatics, asphalts, and liquefied propane and butane gases. In addition, the company sells gas produced by the company, as well as imported; produces petrochemical products, such as styrene, polystyrene, and synthetic rubber; provides oil, gas, and LPG brokerage and trading services; engages in transporting gas in southern Argentina, as well as processing and marketing natural gas liquids; and involves in the gas-fired, thermal, and hydro electric power generation, transmission, and distribution. As of December 31, 2010, it has crude oil and natural gas proved reserves of approximately 248. 4 million barrels of oil equivalent. The company also operated 2 refineries in San Lorenzo and Bah� Blanca, as well as a network of approximately 604 gas stations in Argentina and 27 Spacio 1 convenience stores, including 360 points of sale. It has operations in Argentina, Bolivia, Brazil, Ecuador, Mexico, and Venezuela. The company was formerly known as Petrobras Energia S.A. and changed its name to Petrobras Argentina S.A. in July 2010. Petrobras Argentina S.A. was founded in 1946 and is based in Buenos Aires, Argentina. Petrobras Argentina S.A. operates as a subsidiary of Petroleo Brasileiro.
Advisors' Opinion:- [By Jonathan Yates]
For investors, the rebound of YPF SA (NYSE: YPF) and Petrobras Argentina (NYSE: PZE), both oil and gas firms in Argentina, should serve as profitable examples for remaining bullish about the long term prospects of Petrobras Brasileiro (NYSE: PBR).
5 Best Japanese Stocks To Invest In Right Now: Rose Rock Midstream LP (RRMS)
Rose Rock Midstream, L.P., incorporated on August 5, 2011, owns, operates, develops and acquires a diversified portfolio of midstream energy assets. The Company is engaged in the business of crude oil gathering, transportation, storage, distribution and marketing in Colorado, Kansas, Minnesota, Montana, North Dakota, Oklahoma and Texas. It serves areas that are through its exposure to the Bakken Shale in North Dakota and Montana, the Denver-Julesburg Basin (DJ Basin) and the Niobrara Shale in the Rocky Mountain region, and the Granite Wash and the Mississippi Lime Play in the Mid-Continent region. The Company�� operations are conducted through, and the Company�� operating assets are owned by, its wholly-owned subsidiary, Rose Rock Midstream Operating, LLC, and its subsidiaries.
Cushing Storage
The Company owns and operates 28 crude oil storage tanks in Cushing with an aggregate storage capacity of approximately 7.0 million barrels and an additional 600,000 barrels of storage. The Company�� storage terminal has a combined capacity to deliver 480,000 barrels of crude oil per day, and has inbound connections with the White Cliffs Pipeline from Platteville, Colorado, the Great Salt Plains Pipeline, the Cimarron Pipeline from Boyer, Kansas, its Kansas and Oklahoma gathering system and two-way interconnections with all of the other storage terminals in Cushing.
Kansas and Oklahoma System
The Company owns and operates an approximately 640-mile crude oil gathering and transportation pipeline system and over 660,000 barrels of associated storage in Kansas and northern Oklahoma. This system gathers crude oil from throughout the region and delivers it to third-party pipelines and refineries and its Cushing terminal. During the years ended December 31, 2012, the Company�� transported an average of approximately 52,000 and 36,000 barrels per day, respectively, from multiple receipt points. The system has pipeline diameters ranging from 4 to 12 inches and! has 25 pump stations. This system also includes 18 truck unloading stations.
Bakken Shale Operations
The Company owns and operates a crude oil gathering, storage, transportation and marketing business in the Bakken Shale area in western North Dakota and eastern Montana. Using its fleet of trucks and two truck unloading facilities, the Company purchase crude oil at the wellhead, transport it through its trucks and third-party pipelines, including the Enbridge North Dakota System, and market it to customers. The Company owns tanks in Trenton and Stanley, North Dakota, with an aggregate storage capacity of 61,800 barrels that connect into the Enbridge North Dakota System. During the year ended December 31, 2012, the Company handled and marketed an average of approximately 7,100 barrels per day.
Platteville Facility
The Company owns and operates a modern, sixteen-lane crude oil truck unloading facility in Platteville, Colorado, which connects to the origination point of the White Cliffs Pipeline. Much of the crude oil production from the DJ Basin and the nearby Niobrara Shale must initially be transported by truck due to a shortage of gathering capacity. Throughput at the facility averaged 43,500 and 32,400 barrels per day for the years ended December 31, 2012. The facility includes 230,000 barrels of crude oil storage capacity. The Platteville facility also allows customer pipeline gathering systems to connect to the origination point of the White Cliffs Pipeline.
The Company competes with Enbridge Energy Partners, L.P., Magellan Midstream Partners, L.P., Plains All American Pipeline, L.P., Blueknight Energy Partners, L.P., Enterprise Products Partners L.P, MV Purchasing, LLC, Plains All American Pipeline, L.P., National Cooperative Refinery Association, Plains All American Pipeline, L.P. and Eighty Eight Oil LLC.
Advisors' Opinion:- [By Robert Rapier]
Rose Rock Midstream (NYSE: RRMS) isn’t a name we have discussed much here. RRMS is an MLP that owns oil-gathering, storage and transportation assets in Colorado, Kansas, Montana, North Dakota, Oklahoma and Texas. The MLP was formed by midstream energy giant SemGroup (NYSE: SEMG), which acts as the general partner. RRMS had its IPO in December 2011 with an initial EV of $1.2 billion and a minimum yield of 4.7 percent.
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