Earnings have been an obsession of mine this year, because a lot of investors are ignoring terrific news. If you follow them, you can easily miss out on big profits.
For instance, remember when trade-war threats and tensions with North Korea did this to the S&a;amp;P 500?
Anyone reading the headlines who panicked and sold into this mini-correction lost a lot of money&a;mdash;in total, billions of dollars of wealth disappeared in a matter of days.
Except for the contrarians who kept their cool, of course. Those savvy investors saw a profit in just a few months!
But how did these folks know to hold? Simple: by focusing on the fundamentals.
Best High Tech Stocks To Buy Right Now: Plains All American Pipeline L.P.(PAA)
Advisors' Opinion:- [By Matthew DiLallo]
Exxon's most recent partnership is with oil pipeline giant Plains All American Pipeline (NYSE:PAA). The companies announced this week that they're pursuing the creation of a joint venture that would build a more than 1 million BPD oil pipeline from the Permian to the Gulf Coast. That project would add to the more than $2.4 billion Plains All American plans to invest in building out Permian infrastructure over the next few years to serve the growing needs of producers in the region, which are on pace to boost oil production from 3.5 million BPD this year up to an estimated 6.4 million BPD by 2023.
- [By Maxx Chatsko]
The most important energy play in the mix will be the Permian Basin in West Texas and southeast New Mexico, which, if the area were a stand-alone country, would be among the top 10 global petroleum liquids producers. However, exploiting its full potential will require nearly doubling pipeline capacity in the region by the end of 2023. Few companies are tapping into that opportunity quite like Plains All American Pipeline LP (NYSE:PAA). Impressive near- and long-term growth strategies, a healthy 5% dividend yield, and a new joint venture with ExxonMobil (NYSE:XOM) make it my top stock to buy this July.
- [By Matthew DiLallo]
Two years ago, Plains All American Pipeline (NYSE:PAA) and Plains GP Holdings (NYSE:PAGP) took a step to simplify their corporate structure by eliminating the costly incentive distribution rights (IDRs) that Plains All American paid to Plains GP. In exchange, Plains GP acquired a 34.8% stake in the MLP. While that deal was certainly a step in the right direction, the companies could eventually take the next logical progression by combining into one entity.
- [By Matthew DiLallo]
On a more positive note, pipeline companies are building new lines as fast as they can. Plains All American Pipeline (NYSE:PAA) is working to accelerate the development of its two oil pipeline projects to get them into service sooner than the current timeline of January 2019 for its Sunrise project and the early part of next year's fourth quarter for partial service of Cactus II. Plains All American Pipelines is doing that by incurring additional costs to expedite material deliveries and vendor services as well as installing temporary generators until permanent utility power is in place. However, even though pipeline companies like Plains All American are working as fast as they can, the industry's capacity problems likely won't go away until the end of next year when the first wave of new pipelines enter service.
- [By Matthew DiLallo]
Back in June, Exxon and oil pipeline company Plains All American Pipeline (NYSE:PAA) signed a letter of intent to pursue the creation of a joint venture that would build another oil pipeline out of the Permian Basin. Exxon and Plains All American envisioned a more than 1 million barrel-a-day pipeline that would move oil produced by Exxon and others to refining and export markets along the Gulf Coast.
- [By Joseph Griffin]
D.A. Davidson & CO. decreased its position in shares of Plains All American Pipeline (NYSE:PAA) by 13.1% during the 1st quarter, Holdings Channel reports. The fund owned 14,799 shares of the pipeline company’s stock after selling 2,228 shares during the quarter. D.A. Davidson & CO.’s holdings in Plains All American Pipeline were worth $326,000 at the end of the most recent quarter.
Best High Tech Stocks To Buy Right Now: Dynamic Materials Corporation(BOOM)
Advisors' Opinion:- [By Lisa Levin]
DMC Global Inc. (NASDAQ: BOOM) shares shot up 26 percent to $39.85 after the company reported upbeat Q1 results and issued upbeat Q2 guidance.
Shares of eHealth, Inc. (NASDAQ: EHTH) got a boost, shooting up 19 percent to $19.04 as the company posted upbeat Q1 results.
- [By Joseph Griffin]
Dmc Global (NASDAQ:BOOM) was downgraded by research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report issued on Thursday.
- [By Lisa Levin]
DMC Global Inc. (NASDAQ: BOOM) shares shot up 25 percent to $39.55 after the company reported upbeat Q1 results and issued upbeat Q2 guidance.
Shares of Knowles Corporation (NYSE: KN) got a boost, shooting up 15 percent to $12.83 as the company reported Q1 results.
Best High Tech Stocks To Buy Right Now: Pinnacle West Capital Corporation(PNW)
Advisors' Opinion:- [By Joseph Griffin]
M&T Bank Corp raised its position in Pinnacle West Capital Co. (NYSE:PNW) by 15.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 8,775 shares of the utilities provider’s stock after purchasing an additional 1,196 shares during the period. M&T Bank Corp’s holdings in Pinnacle West Capital were worth $700,000 at the end of the most recent reporting period.
- [By Joseph Griffin]
Get a free copy of the Zacks research report on Pinnacle West Capital (PNW)
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- [By Stephan Byrd]
Atria Investments LLC cut its stake in shares of Pinnacle West Capital Co. (NYSE:PNW) by 49.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,651 shares of the utilities provider’s stock after selling 4,560 shares during the period. Atria Investments LLC’s holdings in Pinnacle West Capital were worth $371,000 as of its most recent filing with the SEC.
- [By Joseph Griffin]
Pinnacle West Capital (NYSE:PNW) last posted its quarterly earnings results on Friday, August 3rd. The utilities provider reported $1.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.44 by $0.04. The firm had revenue of $974.12 million during the quarter, compared to analysts’ expectations of $939.59 million. Pinnacle West Capital had a return on equity of 9.12% and a net margin of 12.95%. The company’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.49 earnings per share. analysts anticipate that Pinnacle West Capital Co. will post 4.45 earnings per share for the current year.
- [By Logan Wallace]
Pinnacle West Capital (NYSE:PNW) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “In last three months, shares of Pinnacle West Capital Corporation have outperformed than its industry. Pinnacle West Capital is well positioned to gain from the ongoing economic improvement in its service territories and customer growth. Pinnacle West Capital’s long-term capital expenditure plan will further strengthen its traditional generation, transmission and distribution capabilities. The company is also investing in battery storage projects, which will make its renewable projects more effective. The company continues to have a strong credit rating. However, Pinnacle West Capital is subject to comprehensive regulations by federal, state and local regulatory agencies. In addition, its operations are subject to fluctuations in the commodity price and weather, as well as operational hazards.”
- [By Logan Wallace]
Bank of America upgraded shares of Pinnacle West Capital (NYSE:PNW) from an underperform rating to a neutral rating in a research note issued to investors on Friday morning, Marketbeat.com reports. Bank of America currently has $81.00 target price on the utilities provider’s stock. The analysts noted that the move was a valuation call.
Best High Tech Stocks To Buy Right Now: Becton, Dickinson and Company(BDX)
Advisors' Opinion:- [By Brian Orelli]
Becton, Dickinson (NYSE:BDX) reported wacky results for its second fiscal quarter. This is the first quarter that the medical supply company has included results from its acquisition of C.R. Bard. But looking at the two companies on a comparable basis, it was a solid quarter for the newly combined company.
- [By Joseph Griffin]
McQueen Ball & Associates Inc. decreased its holdings in shares of Becton Dickinson and Co (NYSE:BDX) by 1.9% in the second quarter, Holdings Channel reports. The firm owned 15,033 shares of the medical instruments supplier’s stock after selling 295 shares during the quarter. Becton Dickinson and makes up 2.2% of McQueen Ball & Associates Inc.’s investment portfolio, making the stock its 8th biggest position. McQueen Ball & Associates Inc.’s holdings in Becton Dickinson and were worth $3,601,000 at the end of the most recent reporting period.
- [By ]
Becton Dickinson and Co. (NYSE: BDX) is a medical device and medical technology company dating back to 1897, when it was founded by Maxwell Becton and Fairleigh Dickinson. The company targets diabetes care, medication management, pharmaceutical systems, diagnostic systems, and biosciences. You may not know its key brands by name, but chances are you have seen the company's products if you have been to a doctor's office, hospital, or any medical facility.
- [By Logan Wallace]
Evergreen Capital Management LLC grew its holdings in shares of Becton Dickinson (NYSE:BDX) by 12.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 15,558 shares of the medical instruments supplier’s stock after acquiring an additional 1,768 shares during the quarter. Evergreen Capital Management LLC’s holdings in Becton Dickinson were worth $3,371,000 as of its most recent SEC filing.
- [By Joseph Griffin]
Ferguson Wellman Capital Management Inc. increased its position in Becton Dickinson and Co (NYSE:BDX) by 0.5% in the second quarter, HoldingsChannel.com reports. The firm owned 56,745 shares of the medical instruments supplier’s stock after purchasing an additional 308 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Becton Dickinson and were worth $13,594,000 as of its most recent SEC filing.
Best High Tech Stocks To Buy Right Now: China Commercial Credit, Inc.(CCCR)
Advisors' Opinion:- [By Stephan Byrd]
News stories about China Commercial Credit (NASDAQ:CCCR) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog 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. China Commercial Credit earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned news coverage about the credit services provider an impact score of 47.8379000547292 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
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