Saudi Aramco could be valued at $2 trillion, making the Saudi Aramco IPO worth a massive $100 billion. That will make it the biggest IPO ever once the company goes public.
But the media is overlooking one key aspect of the Aramco IPO and is instead only focusing on the deal’s size.
Even though Saudi Arabia is only selling a 5% stake in the company, it will still potentially raise $100 billion. That’s more than four times the size of the current record set by Alibaba Group Holding Ltd. (NYSE: BABA) and its $25 billion 2014 IPO.
Hot Value Stocks To Watch Right Now: CPI Aerostructures, Inc.(CVU)
Advisors’ Opinion:
- [By Lisa Levin]
Shares of CPI Aerostructures, Inc. (NYSE: CVU) were down around 14 percent to $7.30 on downbeat quarterly results.
IDT Corporation (NYSE: IDT) was down, falling around 15 percent to $15.88 following Q2 results. IDT reported fiscal second-quarter earnings of $875,000.
- [By Lisa Levin]
Shares of CPI Aerostructures, Inc. (NYSE: CVU) got a boost, shooting up 25 percent to $7.10 after the company posted upbeat Q1 results.
Wayfair Inc (NYSE: W) shares were also up, gaining 25 percent to $63.71 after first-quarter earnings boasted a 2.7-percent sales beat and 46-percent year-over-year increase in active customers.
Hot Value Stocks To Watch Right Now: Pacific Mercantile Bancorp(PMBC)
Advisors’ Opinion:
- [By Lisa Levin]
Shares of Pacific Mercantile Bancorp (NASDAQ: PMBC) were down 24 percent to $5.78. Pacific Mercantile Bancorp reported a Q3 loss of $30.5 million on revenue of $10.2 million for its third quarter.
Hot Value Stocks To Watch Right Now: Sherwin-Williams Company (The)(SHW)
Advisors’ Opinion:
- [By George Budwell, Rich Smith, and Neha Chamaria]
Keeping with this theme, our Foolish contributors think that Pfizer (NYSE:PFE),Sherwin-Williams (NYSE:SHW), andTupperware Brands (NYSE:TUP)are three large-cap dividend stocks that prove beyond a doubt that boring is beautiful when it comes to creating wealth.
- [By WWW.THESTREET.COM]
But then there was good news from rail transport company CSX (CSX ) , which saw growth in every one of its business lines. Foot Locker (FL) also surprised to the upside, sending shares up a quick 5.3%. Cramer fave and Action Alerts PLUS holding KeyCorp (KEY) also delivered, as did paint maker Sherwin-Williams (SHW) .
Hot Value Stocks To Watch Right Now: Atkore International Group Inc. (ATKR)
Advisors’ Opinion:
- [By Spencer Israel]
3. Atkor International Group Inc (NYSE: ATKR) – Five of the six analyst ratings on the manufacturing holding company have been bullish. With the stock showing very strong technical support at $16, and currently trading at $16.68, Stockal's confidence meter is at 90%.
- [By Ben Levisohn]
Flexing the barbell strategy to balance Safe Havens with more cyclical exposures. In our view, industrials investors should be positioning their portfolio with a barbell strategy, with half of the exposure in Safe Havens like General Electric, Xylem (XYL), Danaher, Honeywell International, Roper Technologies (ROP), and AMETEK (AME), and the other half selectively in the cyclical names that are better positioned today, such as Pentair, HD Supply Holdings (HDS),Actuant (ATU), Atkore International Group (ATKR), Ingersoll-Rand, and Eaton (ETN). We still believe risk-reward is mostly balanced and that the macro will remain choppy into 2017, supporting a positioning in the defensive names. But if investor sentiment improves on not-worse news and earnings results, the more cyclical names could fare better.
