Wednesday November 22: Five things the markets are talking about
The dollar is a tad weaker across the board after current Fed Chair Janet Yellen warned against rapid rate hikes, while the EUR (€1.1753) gained amid possible new moves to end Germany's political impasse.
For Germany, options include new elections, but recent polls suggest that could result in another deadlock. Other possibilities are a minority government or an alternative coalition.
Note: There are rumors that Chancellor Merkel's party is betting on a revived alliance with the Social Democrats to dodge the risk of new elections. So far, the ‘single' unit is little concerned given the solid German and eurozone economic growth.
This morning's U.K budget could be a low-key affair for the pound (£1.3245), especially when compared with the U.K/E.U meeting this Friday. This meeting is likely to reveal whether Britain's upgraded offer will unblock trade negotiations.
1. Stocks winning ways
Global stocks are adding to what's been a stellar year for equity returns amid optimism about global growth and company earnings.
top 20 stocks to invest in: Delta Technology Holdings Limited(DELT)
Advisors’ Opinion:
- [By Jim Robertson]
On Wednesday, our Under the Radar Moversnewsletter suggested going long on small capChinese chemical stock Delta Technology Holdings Ltd(NASDAQ: DELT):
top 20 stocks to invest in: Polaris Industries Inc.(PII)
Advisors’ Opinion:
- [By Elizabeth Balboa]
Supply could come from any number of industry players, including Winnebago Industries, Inc. (NYSE: WGO), Thor Industries, Inc. (NYSE: THO), Polaris Industries Inc. (NYSE: PII) and Camping World Holdings Inc (NYSE: CWH). However, whether it comes from existing inventory and whether suppliers can meet the demand are yet to be seen.
- [By Steve Symington]
Polaris Industries Inc.(NYSE:PII)announced first-quarter 2017 results on Tuesday morning, punctuated by a narrower-than-expected net loss, improving retail sales in North America, and stabilizing off-road vehicle (ORV) market share.
top 20 stocks to invest in: Interpublic Group of Companies, Inc. (The)(IPG)
Advisors’ Opinion:
- [By Laurie Kulikowski]
Net operating cash flow has significantly increased by 59.42% to $280.90 million when compared to the same quarter last year. In addition, INTERPUBLIC GROUP OF COS has also vastly surpassed the industry average cash flow growth rate of 8.14%.
- [By Laurie Kulikowski]
The debt-to-equity ratio is somewhat low, currently at 0.94, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels. Although the company had a strong debt-to-equity ratio, its quick ratio of 0.96 is somewhat weak and could be cause for future problems.
- [By Paul Ausick]
The Interpublic Group of Companies Inc. (NYSE: IPG) dropped about 2.3% Thursday to post a new 52-week low of $20.94 after closing Wednesday at $21.44. The 52-week high is $25.71. Volume reached nearly 13 million shares traded, nearly 3 times the daily average of around 3.8 million. The company had no specific news, but Tuesday’s weak earnings report continues to weigh on the share price.
- [By Paul Ausick]
The Interpublic Group of Companies Inc. (NYSE: IPG) dropped about 4% Wednesday to post a new 52-week low of $21.28 after closing Tuesday at $22.16. The 52-week high is $25.71. Volume reached nearly 10 million shares traded, more than double the daily average of around 3.8 million. Tuesday’s weak earnings report continued to weigh on the share price.
top 20 stocks to invest in: CVR Energy Inc.(CVI)
Advisors’ Opinion:
- [By Robert Rapier]
CVR Partners’ fertilizer plant is located in Coffeyville, Kansas, adjacent to the refinery owned by CVR Refining (NYSE: CVRR). CVR Energy (NYSE: CVI), majority-owned by Carl Icahn via Icahn Enterprises (NYSE: IEP), is the general partner and owns most of the units for both CVR Partners and CVR Refining.
- [By elliottwave]
CVR Energy, Inc. (NYSE: CVI) is currently correcting the bullish 5 waves cycle from November 2016 low as a triple three structure reaching equal legs area $20.48 – $19.56 . The move can extend lower toward the 50-61.8 percent Fibonacci area ( $18.98 – $17.34 ) as a double three but will remain supported as the stock is still looking for a move higher toward at least $31 to finish 3 waves correcting 2014 cycle. If the stock fails to make new highs after bouncing from the current inflection area , then the pullback can extend lower against $12.03 low which should hold to allow CVI to the resume higher later on
top 20 stocks to invest in: B. Riley Financial, Inc.(RILY)
Advisors’ Opinion:
- [By ]
2. B.Riley Financial (Nasdaq: RILY)
This unusual microcap operating as a FINRA-licensed broker-dealer and an independent investment bank is setting up to be an ideal buying opportunity.
