President Donald Trumps inauguration speech on Friday didnt derail the stock market, but it also didnt give investors who fear the new administrations emphasis wont be as market friendly as they had once anticipated any reason to be bullish.
From this day forward, a new vision will govern our land. From this day forward, its going to be only America first, America first, Trump said, in a speech that echoed his campaign rhetoric.
small stocks: Myers Industries, Inc.(MYE)
- [By Lisa Levin]
In trading on Tuesday, basic materials shares fell 0.63 percent. Meanwhile, top losers in the sector included Myers Industries, Inc. (NYSE: MYE), down 7 percent, and CF Industries Holdings, Inc. (NYSE: CF) down 6 percent.
small stocks: Kinder Morgan, Inc.(KMI)
- [By Paul Ausick]
Kinder Morgan Inc. (NYSE: KMI) reported first-quarter 2017 results after markets closed Wednesday. The midstream giant posted adjusted earnings per share (EPS) of $0.17 per share on revenues of $3.42 billion. In the same period a year ago KMI posted EPS of $0.18 on revenues of $3.2 billion. Consensus estimates called for EPS of $0.18 and revenues of $3.35 billion for the first quarter.
- [By WWW.THESTREET.COM]
In the Lightning Round, Cramer was bullish on Treehouse Foods (THS) , TG Therapeutics (TGTX) , Kinder Morgan (KMI) , Magellan Midstream Partners (MMP) , Chesapeake Energy (CHK) and Arconic (ARNC) .
- [By Paul Ausick]
That includes pipeline companies like Kinder Morgan Inc. (NYSE: KMI), which already operates a pipeline transporting natural gas from Texas into Mexico, and master limited partnerships (MLPs) Energy Transfer Partners L.P. (NYSE: ETP) and TransCanada Corp. (NYSE: TRP), the company that has (so far) failed to get U.S. approval for its Keystone Pipeline expansion from Canada’s oil sands across the U.S. border.
- [By Chuck Saletta]
Shares of pipeline giant Kinder Morgan (NYSE:KMI) got shellacked back in late 2015 and early 2016 as it cut its dividend to shore up its balance sheet and avoid a debt-rating downgrade to junk status. The dividend cut enabled it to internally fund much of its growth plan instead of relying so much on capital markets. By the end of 2017, thanks to that prudent financial management, it expects to have its debt rating comfortably back in the investment-grade range.
- [By Matthew DiLallo]
Finally, both of Phillips 66’s MLPs have several projects underway to drive growth in 2017 and beyond. At Phillips 66 Partners, progress continues on the Bayou Bridge Pipeline, which it’s building with Energy Transfer and Sunoco Logistics Partners. The partners expect this project to enter commercial service by the end of this year. Meanwhile, Phillips 66 Partners announced that it is developing a new isomerization unit at a Phillips 66 refinery, with final approval of the project expected early next year. Over at DCP Midstream, work continues on its Sand Hills Pipeline expansion, which should enter service this year. In addition, the company is constructing a new gas processing plant in the DJ Basin that should start up by the end of next year. Finally, DCP Midstream signed on as an anchor shipper and partner for Kinder Morgan’s (NYSE:KMI) proposed Gulf Coast Express Pipeline Project. Initially, Kinder Morgan thought this would be a $1 billion project to build up to 1.7 billion cubit feet per day of natural gas transportation capacity. However, bids for capacity have significantly exceeded the proposed plan, which could lead the company to increase the size of this project.
small stocks: JAKKS Pacific, Inc.(JAKK)
- [By Peter Graham]
A long term performance chart shows shares of Hasbro, Inc largely going in one direction while shares of peers likemid cap Mattel, Inc (NASDAQ: MAT)and small cap JAKKS Pacific, Inc (NASDAQ: JAKK) have gone in the other direction:
- [By Roberto Pedone]
One under-$10 toy player that’s trending very close to triggering a major breakout trade is Jakks Pacific (JAKK), which is a producer and marketer of children’s toys and other consumer products. This stock has been destroyed by the bears so far in 2013, with shares off sharply by 60%.
If you take a look at the chart for Jakks Pacific, you’ll notice that this stock has been downtrending badly for the last two months and change, with shares plunging from its high of $11.75 to its recent low of $4.82 a share. During that downtrend, shares of JAKK have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of JAKK look like they might be ready to see an end to its downside volatility in the short-term if the recent lows can hold. I believe this due to the fact that JAKK has started to move sideways and trend within range of triggering a major breakout trade.
Traders should now look for long-biased trades in JAKK if it manages to break out above some near-term overhead resistance levels at $5.08 to $5.27 a share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average action of 695,817 shares. If that breakout triggers soon, then JAKK will set up to re-test or possibly take out its next major overhead resistance levels at $5.68 to its 50-day moving average at $6.07 a share. Any high-volume move above its 50-day will then put $7 to $8 into range for shares of JAKK.
Traders can look to buy JAKK off weakness to anticipate that breakout and simply use a stop that sits right below some key near-term support levels at $4.87 to $4.82 a share. One can also buy JAKK off strength once it clears those breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point.
- [By Peter Graham]
A long term performance chart shows shares of Hasbro, Inc largely trending upward while shares of peers like mid cap Mattel, Inc (NASDAQ: MAT) and small cap JAKKS Pacific, Inc (NASDAQ: JAKK) have largely trended downward:
small stocks: U.S. Bancorp(USB)
- [By Sarfaraz Khan]
In addition to this, Warren Buffett has also built sizable positions in a number of major US banks.Wells Fargo (NYSE:WFC), U.S. Bancorp (NYSE:USB)and Goldman Sachs (NYSE:GS)have the leading positions in Berkshire Hathaways portfolio. In fact, Wells Fargo is Berkshire Hathaway’s second largest stock holding. In addition to this, Berkshire Hathaway also owns $5 billion worth of Bank of Americas preferred shares and warrants to buy 700 million of the banks ordinary shares at just $7.14 (current price $22.10) anytime until September 2021. These banks are positioned to become the biggest beneficiaries of the increase in interest rates. To get an idea of how this might happen, consider Bank of Americas forecast in which it predicted a $7.5 billion boost to annual net interest income following a 1-percentage-point increase in interest rates.
- [By John Maxfield]
One of this era’s most successful bankers has decided to relinquish the reins. U.S. Bancorp (NYSE:USB) announced on Tuesday that chairman and CEO Richard Davis will step down from his role as CEO at the bank’s annual meeting in April. He’ll stay on as executive chairman of the board, while President and COO Andy Cecere will succeed him in the corner office.
small stocks: Boardwalk Pipeline Partners L.P.(BWP)
- [By Jim Robertson]
On Friday, our Under the Radar Moversnewsletter suggested mid cap natural gas pipeline stock Boardwalk Pipeline Partners, LP (NYSE: BWP) as a bullish/long trade: