Activist investor Paul Singer and his Elliott Management is waging part II of its battle at Arconic (NYSE:ARNC) – the specialized engineering aluminum company that spun off from Alcoa (NYSE:AA) last year. ARNC CEO Klaus Kleinfeld recently likened Paul Singer to The Godfather’s Michael Corleone.
Elliott owns over 12% of ARNC, choosing to stick with the company even after the breakup, calling it undervalued. It’s nominated five members for the ARNC board and plans on overthrowing the CEO. The plan is to bring on former Spirit Aerosystems (NYSE:SPR) CEO Larry Lawson, who navigated similar operational issues that ARNC is facing. Kleinfeld didn’t “save” the company during the financial crisis, and Kleinfeld was against the split. It’s time for management change. With Elliott’s suggested improvements in EBITDA at ARNC, the fund has a $46 price target on the aluminum firm.
Best Undervalued Stocks To Own Right Now: IPG Photonics Corporation(IPGP)
- [By Ethan Ryder]
Get a free copy of the Zacks research report on IPG Photonics (IPGP)
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- [By Chris Lange]
The S&P 500 stock posting the largest daily percentage loss in the S&P 500 ahead of the close was IPG Photonics Corp. (NASDAQ: IPGP) which fell about 13.5% to $133.16. The stock’s 52-week range is $132.88 to $264.11. Volume was 3.7 million compared to the daily average volume of less than 1 million.
- [By Danny Vena]
Expectations were subdued going into the fourth-quarter fiscal report for IPG Photonics (NASDAQ:IPGP). Last quarter, investors were rattled when the industrial laser maker reported that “global macroeconomic and geopolitical headwinds have persisted into the fourth quarter, affecting our business along with others in the sector,” according to CEO Valentin Gapontsev. Those conditions included weakness in China and Europe, two of IPG’s biggest markets, causing year-over-year declines in revenue and earnings.
- [By Anders Bylund]
Shares of several fiber-optic networking stocks rose at least 12% in February, according to data from S&P Global Market Intelligence. Fiber lasers manufacturer IPG Photonics (NASDAQ:IPGP) led the pack with a 16.6% gain. Long-haul networking expert Infinera (NASDAQ:INFN) added 16.1%, laser and optics specialist Coherent (NASDAQ:COHR) rose 12.6%, and optoelectronic components maker II-VI (NASDAQ:IIVI) posted an 11.9% return.
Best Undervalued Stocks To Own Right Now: Scorpio Tankers Inc.(STNG)
- [By Motley Fool Transcribers]
Scorpio Tankers Inc (NYSE:STNG)Q4 2018 Earnings Conference CallFeb. 14, 2019, 8:30 a.m. ET
Prepared Remarks Questions and Answers Call Participants
- [By Lisa Levin]
Wednesday afternoon, the energy shares gained 0.74 percent. Meanwhile, top gainers in the sector included Pengrowth Energy Corporation (NYSE: PGH), up 12 percent, and Scorpio Tankers Inc. (NYSE: STNG), up 12 percent.
- [By Joseph Griffin]
Scorpio Tankers Inc. (NYSE:STNG) gapped down before the market opened on Thursday . The stock had previously closed at $1.75, but opened at $1.82. Scorpio Tankers shares last traded at $1.81, with a volume of 169888 shares traded.
- [By Rich Smith]
Stocks don’t always make sense — a fact investors should be happy about after Scorpio Tankers (NYSE:STNG) posted a quarterly loss and an earnings miss this morning and then rocketed 15% in early trading.
Best Undervalued Stocks To Own Right Now: Ternium S.A.(TX)
- [By Logan Wallace]
TT International cut its position in Ternium (NYSE:TX) by 24.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 865,613 shares of the basic materials company’s stock after selling 277,967 shares during the quarter. Ternium makes up about 1.2% of TT International’s holdings, making the stock its 10th biggest position. TT International owned about 0.43% of Ternium worth $28,123,000 at the end of the most recent reporting period.
- [By Ethan Ryder]
Ternium (NYSE:TX) was upgraded by analysts at ValuEngine from a strong sell rating to a sell rating.
Viveve Medical (NASDAQ:VIVE) was upgraded by analysts at ValuEngine from a hold rating to a buy rating.
- [By Max Byerly]
Ternium SA (NYSE:TX) has received a consensus recommendation of “Hold” from the seven research firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $39.50.
- [By Max Byerly]
TransferCoin (TX) is a PoW/PoS coin that uses the Proof of Stake hashing algorithm. It was first traded on August 11th, 2015. TransferCoin’s total supply is 7,084,089 coins. TransferCoin’s official website is txproject.io. The Reddit community for TransferCoin is /r/TXPRJ and the currency’s Github account can be viewed here. TransferCoin’s official message board is transfercointx.pw. TransferCoin’s official Twitter account is @Transfer_dev.
- [By Ethan Ryder]
Ternium SA (NYSE:TX)’s share price rose 5.7% during mid-day trading on Friday . The stock traded as high as $28.51 and last traded at $28.29. Approximately 746,052 shares were traded during trading, an increase of 106% from the average daily volume of 362,371 shares. The stock had previously closed at $26.76.
- [By Stephan Byrd]
Shares of Ternium SA (NYSE:TX) have received a consensus recommendation of “Hold” from the nine ratings firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $37.50.