General Electric Co. (NYSE: GE) shares dropped 1.8% last week, closing Friday with a gain of less than 0.2% and a 32-cent (0.18%) decline for the week. GE has no real challenger as the worst performing equity on the Dow Jones Industrial Average (DJIA) index. For the year to date, the shares have suffered a loss of more than 44%.
This is the industrial giant’s 23rd consecutive week as the Dow’s worst performer. The company maintains a big lead over the second worst stock, International Business Machines Corp. (NYSE: IBM), down about 8.1% for the year, and third-worst, Exxon Mobil Corp. (NYSE: XOM), down about 7%. Only five of the 30 Dow stocks are trading down so far this year.
The Dow posted an all-time high of 24,876.07 on Monday and closed the week at 24,754.06. As of Friday, the Dow had increased about 24.5% for the year.
GE got some good news this past week with an order for 200 locomotives from Canadian National Railway Co. (NYSE: CNI). The locomotives will be built at GE’s plant in Fort Worth, Texas, and deliveries to the rail operator will begin next year. The balance of the locomotives will be delivered in 2019 and 2020.
Top 10 Canadian Stocks To Buy Right Now: Natural Gas(NG)
Advisors’ Opinion:
- [By William Romov]
Over the last year, the number of short positions on gold stocks has fallen. One of these stocks is a Canadian gold mining company called NovaGold Resources Inc. (NYSE: NG). In the last 12 months, the volume of short bets on the stock declined 79%, to 522,400. This shows a shift in sentiment from bearish to bullish for gold.
- [By James E. Brumley]
When an investor thinks of Canadian gold mining stocks, NovaGold Resources Inc. (USA) (NYSEMKT:NG) and Yamana Gold Inc. (USA) (NYSE:AUY) are often the first names to come to mind. And well they should. Yamana Gold is a $2.5 billion giant, and NovaGold Resources seems to have been around forever.
Those two icons aren’t the only way to tap into Canada’s sizeable gold mining industry though. There’s a small, up-and-coming player called Taranis Resources Inc. (OTCMKTS:TNREF, TSX:TRO) that could end up becoming another key fixture of the country’s mining landscape.
Taranis develops mineral deposits into mine-ready projects. Its primary project right now — and it’s enough to keep the company plenty busy for the next several years — is the Thor property located near Trout Lake, British Columbia. NI 43-101 resource reports (indicated and inferred)suggest Thor contains 6.9 million ounces of silver, 35,000 ounces gold, 57 million pounds of lead, 79.4 million pounds of zinc and 3.3 Million pounds of copper (roughly a 14 million ounce silver equivalent (“AgEq”) deposit*) laying in wait in a way that lends itself to the establishment of a low-cost, open pit mining operation. That’s roughly $300 million worth of marketable metals, and the estimates have been steadily getting bigger as Tanaris does more survey work.
And 2017 could be a real breakout year for Taranis, as a lot of the work that’s been done to date starts to mean something. It’s got big exploration plans for this year… this spring/summer to be exact.
The Phase 1 program was completed in September of last year, setting the stage for a more defined and much bigger Phase 2 definition-drilling within the next several weeks. This Phase 2 definition drilling slated for the middle of this year will drill down to between 6000 m and 10,000 m.
These so-called first generation target areas are generally well understood areas based on sound geological information includ
- [By Money Morning Staff Reports]
Canadian gold mining company NovaGold Resources Inc. (NYSE: NG) shows an even starker change in sentiment. In the last 12 months, the volume of short bets on the stock declined 79%, to 522,400.
Top 10 Canadian Stocks To Buy Right Now: Transcananda Pipelines Ltd.(TRP)
Advisors’ Opinion:
- [By WWW.KIPLINGER.COM]
Energy stocks were driven by a hefty dose of M&A during the third quarter. And that will drive returns for TransCanada Corporation (TRP) during the next one.
- [By Matthew DiLallo]
Energy infrastructure companies ONEOK (NYSE:OKE) and TransCanada (NYSE:TRP) are both emerging from the energy market downturn as stronger entities. Each made smart acquisitions, with TransCanada buying U.S. gas pipeline company Columbia Pipeline Group, while ONEOK is in the process of gobbling up its MLP,ONEOK Partners (NYSE:OKS). While these deals enhanced the growth profiles of both companies, TransCanada still stands out as the better buy for long-term income investors. Here’s why.
- [By Ben Levisohn]
In a number of articles recently, following the US recent revival and potential approval of the previously blocked Keystone XL pipeline, a number of estimates have been provided suggesting a pending boom for the US steel industry is on the horizon (and US steel stocks have reacted in kind). In fact, this optimism, we believe, peaked today when a report from one of our competitors was published claiming that, the keystone XL pipeline could increase line pipe demand by 14.7% for 2 years. The problem here, we believe, rests with the facts that: (a) TransCanada (TRP) has already taken, and paid for, the steel to build the Keystone XL pipeline (the steel currently sits in storage facilities in both Regina, Canada and Arkansas, United States), (b) neither US Steel (X; SELL), AK Steel, Steel Dynamics, or Nucor have the ability to make the specialized steel required for the miles of pipe associated with this project, to include both the thickness and pressure requirements, according to this article from Reuters, and (c) assuming some of the pipe does need replacement, this would likely come from international steel makers who are capable of producing the specialized steel (again, as highlighted in this Reuters article).
- [By Matthew DiLallo]
After a series of setbacks in its attempts to build new oil pipelines, Canadian pipeline giant TransCanada (NYSE:TRP) completed a transformation transaction to acquire U.S. natural gas pipeline company Columbia Pipeline Group for $13 billion, which includes the assumption of debt. The key to that deal was that it increased the combined company’s near-term project pipeline to 23 billion Canadian dollars, which supports TransCanada’s ability to increase its dividend by 8% to 10% annually through 2020. After completing that deal, TransCanada made a bid to acquire all of the outstanding units that it did not own of affiliated MLP Columbia Pipeline Partners (NYSE:CPPL) in a transaction valued at $915 million. These acquisitions solidified TransCanada’s natural gas pipeline growth ambitions, enabling it to diversify away from oil pipelines.
- [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.
Top 10 Canadian Stocks To Buy Right Now: Thor Industries Inc.(THO)
Advisors’ Opinion:
- [By Peter Graham]
A long term performance chart shows shares of Winnebago Industries recently moving past 2013 highs whilepeersDrew Industries, Inc (NYSE: DW) and Thor Industries, Inc (NYSE: THO) havealso taken off to new highs this year:
- [By Peter Graham]
A long term performance chart shows shares of Winnebago Industriesalong withmid cap peers Thor Industries, Inc (NYSE: THO) and LCI Industries (NYSE: LCII) all giving a very similar performance:
- [By WWW.MONEYSHOW.COM]
One of the world’s largest makers of recreational vehicles, Thor Industries (THO) is in the right place at the right time.
Industrywide wholesale RV shipments for the U.S. and Canada surged 15% to nearly 431,00 units in 2016 — the highest annual total in more than 40 years, according to The Recreation Vehicle Industry Association.
- [By Peter Graham]
A long term performance chart shows shares of Winnebago Industries and small cap peer Thor Industries, Inc (NYSE: THO) giving a similar performance with shares taking off last year before stumbling this year while Drew Industries, Inc (NYSE: DW) has mostly underperformed:
- [By Lisa Levin]
Thor Industries, Inc. (NYSE: THO) shares were also up, gaining 11 percent to $151.76 after the company reported stronger-than-expected results for its first quarter on Monday.
Top 10 Canadian Stocks To Buy Right Now: Wells Fargo & Company(WFC)
Advisors’ Opinion:
- [By Jon C. Ogg]
Wells Fargo & Co. (NYSE: WFC) was listed as 479.704 million shares in September, the same as in June and March. This was 470.29 million shares last September. As a reminder, it was documented that Buffett has filed to be allowed to increase his stake north of the 10% threshold with the SEC. Hejust recently confirmed that he did not sell Wells Fargo shares after the account opening scandal.
- [By WWW.THESTREET.COM]
I think that for the longest time we had a basic reluctance to pay more than tangible book value for almost any bank other than Action Alerts PLUS charity portfolio holding Wells Fargo (WFC) . Now, that’s the one bank we have a reluctance to do so–even though we are–and the rest are trading above book. Bank of America is now $3 above tangible book, after spending years in the wilderness. It’s almost as if the gating factor that had held these stocks back has vanished and investors want these stocks as growth stocks not value plays.
- [By Casey Wilson]
It looks like investors are hating the company, too. Shares of CMG are down 23% year to date (YTD).
Most-Hated Companies 2016 No. 4: Wells Fargo & Co. (NYSE: WFC)
Wells Fargo became the target of nationwide fury in September after it was revealed account executives opened up over 2 million fraudulent accounts without customer consent.
- [By Jeremy Bowman]
As for individual stocks,Wells Fargo(NYSE:WFC) was the leader among the big banks that posted earnings today, which also includedJPMorgan ChaseandBank of America.
Top 10 Canadian Stocks To Buy Right Now: 3M Company(MMM)
Advisors’ Opinion:
- [By Chris Lange]
3M Company (NYSE: MMM) is set to report its second-quarter results on Tuesday. The analysts consensus estimates call for EPS of $2.54 and $7.86 billion in revenue. Shares of 3M were changing hands at $211.07 at Fridays close. The consensus price target is $205.09, and the 52-week range is $163.85 to $214.57.
- [By Paul Ausick]
3M Company (NYSE: MMM) traded up 0.91% at $201.53. The stock’s 52-week range is $163.85 to $214.57. Volume was about half the daily average of around 1.8 million shares. The company had no specific news Monday.
- [By Paul Ausick]
3M Company (NYSE: MMM) traded up 1.38% at $198.50. The stock’s 52-week range is $163.85 to $199.90. Volume was about 35% lower than the daily average of around 1.9 million shares. The company had no specific news Monday.
- [By WWW.THESTREET.COM]
Who are the likely candidates for the next round of upgrades? Cramer said he’s betting that 3M (MMM) will be in the mix, along with Walmart (WMT) and especially Home Depot (HD) , which should have a strong spring planting season with good comparisons to last year. Investors might also see upgrades on Honeywell (HON) and Nike (NKE) , Cramer suggested.
Top 10 Canadian Stocks To Buy Right Now: PPL Corporation(PPL)
Advisors’ Opinion:
- [By Paul Ausick]
PPL Corp. (NYSE: PPL) posted a 52-week low of $31.53 after closing Tuesday at $32.42. The 52-week high is $40.20. Volume was about 15.5 million, more than three times the daily average of around 4 million shares. The electric utility company took a downgrade on Tuesday and the fallout continues to drop.
- [By Paul Ausick]
PPL Corp. (NYSE: PPL) posted a 52-week low of $31.11 after closing Wednesday at $31.59. The 52-week high is $40.20. Volume was about 9.6 million, more than double the daily average of around 4.2 million shares. The electric utility company had no specific news.
- [By Paul Ausick]
PPL Corp. (NYSE: PPL) posted a 52-week low of $32.48 after closing Monday at $33.97. The 52-week high is $40.20. Volume was about 5.9 million, nearly a third higher than the daily average of around 3.9 million shares. The electric utility company had no specific news.
Top 10 Canadian Stocks To Buy Right Now: Chipotle Mexican Grill Inc.(CMG)
Advisors’ Opinion:
- [By Ben Levisohn]
Earlier today, we noted that Maxim’sStephen Anderson had warned that shares of Chipotle Mexican Grill (CMG) had already priced in a lot of good earnings news. Standpoint Research’s Ronnie Moas has taken that a step further by cutting Chipotle to Sell.
- [By Billy Duberstein]
Investors in Chipotle Mexican Grill(NYSE:CMG)have been on a wild ride this past year. After the E. coli scare of late 2015, the stock lagged the market’s gains by a wide margin throughout 2016, bottoming out at around $353 last winter. Now they’re up a whopping 25% since the beginning of 2017, to roughly $470.
- [By The Ticker Tape]
For more earnings coverage, check out what might be expected when McDonald's Corporation (NYSE: MCD) The Coca-Cola Co (NYSE: KO), and Chipotle Mexican Grill, Inc. (NYSE: CMG) report earnings tomorrow. Later in the week, tech titans Amazon.com, Inc. (NASDAQ: AMZN), Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL), Microsoft Corporation (NASDAQ: MSFT) and Intel Corporation (NASDAQ: INTC) report after market close on Thursday.
Top 10 Canadian Stocks To Buy Right Now: NRG Energy Inc.(NRG)
Advisors’ Opinion:
- [By Lisa Levin]
Non-cyclical consumer goods & services sector was the top gainer in the US market on Wednesday. Top gainers in the sector included Cia Energetica de Minas Gerais CEMIG-ADR (NYSE: CIG), Companhia Paranaense de Energia (ADR) (NYSE: ELP), and NRG Energy Inc (NYSE: NRG).
- [By Lisa Levin]
Benzinga's newsdesk monitors options activity to notice unusual patterns. These large volume (and often out of the money) trades were initially published intraday in Benzinga Professional . These trades were placed during Thursday’s regular session.
- [By Chris Lange]
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Thursday was NRG Energy, Inc. (NYSE: NRG) which rose over 5% to $22.20. The stocks 52-week range is $9.84 to $23.36. Volume was over 35 million compared to its average volume of 5.8 million.
- [By Craig Jones]
Pete Najarian said that there was a big options activity in NRG Energy Inc (NYSE: NRG). Traders were aggressively buying the October 26 calls. Around 6,000 contracts were traded in the first half of the session and they were paying 65 cents for them. The trade breaks even at $26.65 or more than 11 percent above the current market price.
- [By Ben Levisohn]
NRG Energy (NRG) soared to the top of the S&P 500 today.
Getty Images
NRG Energygained 4.5% to $12.85 today, while the S&P 500 advanced 0.2% to 2,262.53.
In a note released on Dec. 15, Morgan Stanley’sStephen Byrd and team summarized the reasoning behind their overweight rating on NRG:
NRG Energy (NRG, Overweight, $21 PT) FCF/Equity yield of ~35% and balanced upside from diversified market exposure, higher PJM capacity prices, fleet optimization, and debt reduction. NRG’s generation plus retail matching strategy is an underappreciated source of value, and provides stable cash flow despite current depressed power prices in Texas.
NRG Energy’s market capitalization rose to $4.1 billion today from $3.8 billion yesterday. It reported a net loss of $6.4 billion on sales of $15 billion in 2015.
NRG Energy was the Biggest Loser on Nov. 10, and the Hot Stock on Nov. 4.
Top 10 Canadian Stocks To Buy Right Now: Credit Suisse Group(CS)
Advisors’ Opinion:
- [By Diane Alter]
The head underwriters for the ZTO IPO are Morgan Stanley (NYSE: MS) and Goldman Sachs Group Inc. (NYSE: GS). Also working on the deal are China Renaissance, Citigroup Inc. (NYSE: C), Credit Suisse Group AG (NYSE ADR: CS), and JPMorgan Chase & Co. (NYSE: JPM).
- [By David Zeiler]
The federal government’s largesse isn’t restricted to U.S.-based companies, either. Foreign companies, including foreign banks, are also welcome. Credit Suisse Group AG (NYSE ADR: CS) got $225.1 billion, and UBS Group AG (NYSE: UBS) got $249.1 billion.
- [By Wayne Duggan] Related DB Deutsche Bank In The Tank Mike Khouw Sees Unusual Options Activity In Deutsche Bank 33 Large Banks On The Federal Reserve's Radar In 2016 (Seeking Alpha)
Related CS Earnings Scheduled For February 4, 2016 Blockchain Moves Forward In The Financial Industry Credit Suisse Group AG (CS) Tidjane Thiam on Q4 2015 Results – Earnings Call Transcript (Seeking Alpha)
The latest credit default swap (CDS) data from BMO Capital Markets indicate a number of investors are growing increasingly concerned about the one-year outlook for capital markets. In a new report, analyst Mark Steele discussed the recent surge in one-year CDS activity, and what it means for the market.
- [By Money Morning News Team]
That’s why Krauth predicts the price of gold will hit $1,400 by the end of the year. Many analysts from banks likeCredit SuisseGroup AG (NYSE ADR: CS) even see gold going as high as $1,500.
- [By Paul R. La Monica]
European banks worse off than 2008? Lamensdorf is concerned about the exposure to bad loans (especially energy company debt) held by big banks such as Royal Bank of Scotland (RBS), Credit Suisse (CS) and Deutsche Bank (DB). He’s shorting all three.
Top 10 Canadian Stocks To Buy Right Now: Plains All American Pipeline L.P.(PAA)
Advisors’ Opinion:
- [By Matthew DiLallo]
One of the largest projects is the Saddlehorn Pipeline, which Magellan is building with Plains All American Pipeline (NYSE:PAA) and Anadarko Petroleum (NYSE:APC). Both Plains All American Pipeline and Magellan own 40% of the project, which puts their total investment at $230 million apiece. They expect the project to be fully operational early next year, which is noteworthy given its robust first-year economics. Magellan estimates that it will earn eight times EBITDA on the capital deployed, or roughly $28.8 million in annual EBITDA apiece for Magellan and Plains All American Pipeline on their investment.
- [By Dustin Parrett]
We think Plains All American Pipeline L.P. (NYSE: PAA) is one of the best oil stocks to buy this year. In fact, we see a scenario where PAA stock could jump 20% in 2017.
- [By Dustin Parrett]
Plains All American Pipeline (NYSE: PAA) controls 4 million barrels of crude oil and natural gas a day.
And with higher oil prices and fewer restrictions leading to more drilling, PAA’s pipelines will be in demand in 2017.
