Best Performing Stocks To Own Right Now

Wells Fargo’s David Maris and team call Valeant Pharmaceutical International’s (VRX) earnings and guidance “worse than feared” and contend that the struggling specialty pharmaceutical company’s “debt problem [is] coming into focus.” They explain:

Reuters

Our preliminary look at 1Q results leads us to believe that Valeant is performing significantly worse than expected. New full-year 2016 adjusted EPS guidance of $6.60-$7.00 falls well below our full-year estimate of $8.81. In many key business areas, Valeant is underperforming consensus…

To give investors a sense of why this quarter was particularly challenging, $558 million in cash from operations annualizes to approximately $2.2 billion. Between now and 2020, Valeant has approximately $15 billion of debt due, as well as other obligations of approximately $480 million. If the business stays the way it is, or continues to deteriorate, we believe Valeant will be challenged in making those debt payments. Based on this quarter’s cash from operations, we do not see debt holders being enthusiastic about restructuring Valeant debt…

Best Performing Stocks To Own Right Now: Liquor Stores N.A. Ltd. (LQSIF)

Advisors’ Opinion:

  • [By ]

    British Columbia and Alberta have chosen a different strategy where retail sales will be allowed through both public and private stores, similar to its current setup for liquor retail in the provinces. Retailers will have to get their supply of cannabis from the government’s wholesale distribution system, similar to how it works for alcohol now. The government will control online cannabis sales exclusively Our take: British Columbia also announced that physical retailing of cannabis and liquor will have to be separate, meaning stores cannot sell both products. This rule has an impact on existing liquor retailers aiming to convert some of their stores to sell cannabis. Aurora invested in Liquor Stores (renamed to Alcanna (OTCPK:LQSIF)) which has been struggling for years in the liquor business. Other pharmacy chains will also participate in the RFP as we have seen in Loblaw’s recent win in Newfoundland and Labrador. We think for many cannabis companies the path to winning those retail licenses will be a challenging one with the competition from multiple sources. The licenses will be hotly contested given that B.C. is the largest market to allow private retailing, leaving us cautious on those companies betting big on winning those contracts. The likely outcome is that a large number of companies will each win fewer contracts.

  • [By ]

    It also holds just under 20 percent share of Liquor Stores N.A. (OTCPK:LQSIF) and over 17 percent of Radient Technologies Inc. (OTC:RDDTF). Aurora has other holdings as well.

Best Performing Stocks To Own Right Now: SuperValu Inc.(SVU)

Advisors’ Opinion:

  • [By Tom Gentile]

    After the announcement, KR dropped from $31 per share to $22. It’s taken a solid year to reach the mid-point of that trading range ($26). Another grocery stock, Supervalu Inc. (NYSE: SVU) also dropped sharply when the deal was announced, from $29 to $22. And after a full year, the stock still hasn’t recovered (currently trading right around $21).

  • [By Lisa Levin]

    Wednesday morning, the consumer staples shares fell by just 0.2 percent. Meanwhile, top gainers in the sector included SUPERVALU Inc. (NYSE: SVU), up 4 percent, and Imperial Brands PLC (OTC: IMBBY), up 2 percent.

  • [By Lisa Levin] Gainers
    Daré Bioscience, Inc. (NASDAQ: DARE) shares jumped 56.69 percent to close at $1.27 on Wednesday on news that the company entered into worldwide license agreement for Juniper Pharmaceuticals' intravaginal ring technology platform.
    Vicor Corporation (NASDAQ: VICR) rose 26.84 percent to close at $37.10. Vicor posted Q1 earnings of $0.10 per share on sales of $65.2 million.
    AGM Group Holdings Inc. (NASDAQ: AGMH) climbed 25.56 percent to close at $10.61.
    Travelzoo (NASDAQ: TZOO) gained 24.7 percent to close at $9.75 following strong Q1 results.
    Intrepid Potash, Inc. (NYSE: IPI) shares climbed 19.24 percent to close at $4.71.
    China Customer Relations Centers, Inc. (NASDAQ: CCRC) rose 18.73 percent to close at $18.64.
    Genprex, Inc. (NASDAQ: GNPX) climbed 18.28 percent to close at $5.89. Genprex expanded its operations to Cambridge, Mass.
    Scorpio Tankers Inc. (NYSE: STNG) rose 13.92 percent to close at $2.70 following Q1 results.
    Rocky Brands, Inc. (NASDAQ: RCKY) shares surged 13.57 percent to close at $23.85 after reporting Q1 results.
    Resonant Inc. (NASDAQ: RESN) shares rose 12.5 percent to close at $4.14 on Wednesday.
    USANA Health Sciences, Inc. (NYSE: USNA) jumped 11.24 percent to close at $106.85 following Q1 results.
    SUPERVALU Inc. (NYSE: SVU) rose 11.16 percent to close at $16.24 after the company reported Q4 results and agreed to sell and leaseback eight distribution centers for an aggregate purchase price of $483 million.
    K12 Inc. (NYSE: LRN) shares gained 10.74 percent to close at $15.36 following Q3 results.
    Tupperware Brands Corporation (NYSE: TUP) rose 9.15 percent to close at $46.28 as the company posted in-line quarterly earnings.
    Six Flags Entertainment Corporation (NYSE: SIX) shares climbed 8.49 percent to close at $64.18 as the company posted a narrower-than-expected loss for its first quarter.
    Carlisle Companies Incorporated (NYSE: CSL) gained 8.2 percent to close at $107.94 af

Best Performing Stocks To Own Right Now: Athene Holding Ltd. (ATH)

Advisors’ Opinion:

  • [By Joseph Griffin]

    Nomura Asset Management Co. Ltd. decreased its position in Athene Holding Ltd (NYSE:ATH) by 71.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,780 shares of the insurance provider’s stock after selling 55,920 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Athene were worth $1,089,000 at the end of the most recent quarter.

  • [By Stephan Byrd]

    Wells Fargo & Co set a $65.00 price target on Athene (NYSE:ATH) in a research note released on Monday. The firm currently has a buy rating on the insurance provider’s stock.

  • [By Stephan Byrd]

    Get a free copy of the Zacks research report on Athene (ATH)

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

Best Performing Stocks To Own Right Now: International Speedway Corporation(ISCA)

Advisors’ Opinion:

  • [By Logan Wallace]

    Get a free copy of the Zacks research report on International Speedway Corp Class A (ISCA)

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

  • [By Logan Wallace]

    Get a free copy of the Zacks research report on International Speedway Corp Class A (ISCA)

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

  • [By Motley Fool Staff]

    International Speedway Corporation (NASDAQ: ISCA)Q2 2018 Earnings Conference callJul. 05, 2018, 1:00 pm ET

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

    Operator

Best Performing Stocks To Own Right Now: Gladstone Commercial Corporation(GOOD)

Advisors’ Opinion:

  • [By Shane Hupp]

    Goodomy (GOOD) is a PoW/PoS token that uses the Scrypt hashing algorithm. Its launch date was June 21st, 2017. Goodomy’s total supply is 888,000,000 tokens and its circulating supply is 620,508,777 tokens. Goodomy’s official Twitter account is @GoodKarmaCoin and its Facebook page is accessible here. Goodomy’s official website is goodomy.com.

  • [By Max Byerly]

    Goodomy (GOOD) is a PoW/PoS token that uses the Scrypt hashing algorithm. Its genesis date was June 21st, 2017. Goodomy’s total supply is 888,000,000 tokens and its circulating supply is 620,508,777 tokens. Goodomy’s official Twitter account is @GoodKarmaCoin and its Facebook page is accessible here. Goodomy’s official website is goodomy.com.

Leave a Reply

Your email address will not be published.