Westport, CT, based Investment company Westport Asset Management Inc buys IPG Photonics, Darden Restaurants, Synopsys, Time Warner, Anadarko Petroleum, EOG Resources, CVS Health, General Electric Co, Ross Stores, Check Point Software Technologies, sells Universal Health Services, TJX, National Western Life Group, Rogers, MGIC Investment during the 3-months ended 2016-12-31, according to the most recent filings of the investment company, Westport Asset Management Inc. As of 2016-12-31, Westport Asset Management Inc owns 60 stocks with a total value of $100 million. These are the details of the buys and sells.
New Purchases: IPGP, DRI, APC, GE, ROST, CHKP, CHTR, COL, ZBRA, VAR, Added Positions: SNPS, TWX, CVS, EOG, BIG, PX, RSG, GILD, TXN, IPG, Reduced Positions: UHS, NWLI, ROG, MTG, RDN, RHP, URI, CROX, SKX, TSBK, Sold Out: TJX, JKHY, COLB, BEL, PIR, AJG, BKU, VISI, YDKN, BANR,
For the details of WESTPORT ASSET MANAGEMENT INC’s stock buys and sells, go to www.gurufocus.com/StockBuy.php?GuruName=WESTPORT+ASSET+MANAGEMENT+INC
Top High Tech Stocks To Own Right Now: Becton, Dickinson and Company(BDX)
Advisors’ Opinion:
- [By Craig Jones]
On CNBC's Fast Money Halftime Report, Jon Najarian spoke about options trading in Becton Dickinson and Co (NYSE: BDX). He said there was a big volume in the January 175 calls. Over 11,000 contracts were traded early in the session. He followed the trade and he is going to be in Becton Dickinson for two weeks.
- [By Cooper Creagan]
Back in June, we drew your attention to Becton, Dickinson and Co. (NYSE: BDX), the 120-year-old medical technology powerhouse that has increased its dividend every year for 45 years.
- [By Lisa Levin]
C R Bard Inc (NYSE: BCR) shares were also up, gaining 20 percent to $304.08 after Becton Dickinson and Co (NYSE: BDX) announced plans to acquire the company for $24 billion.
- [By Ben Levisohn]
C.R. Bard (BCR) soared to the top of the S&P 500 today after agreeing to be purchased for $24 billion by Becton Dickinson (BDX).
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C.R. Bardgained 20% to $302.41 today, while the S&P 500 rose 1% to 2,374.15. Becton Dickinson dropped 4.4% to $177.07, making it the S&P 500′s biggest loser.
- [By Ben Levisohn]
Becton Dickinson (BDX) tumbled to the bottom of the S&P 500 today after agreeing to pay $24 billion for C.R. Bard (BCR).
Agence France-Presse/Getty Images
Becton Dickinsondropped 4.4% to $177.07, while the S&P 500 rose 1.1% to 2,374.15. C.R. Bard jumped 20% to $302.41, making it the best performing stock in the S&P 500.
Leerink’sRichard Newitter andRavi Misra argue that “growth doesn’t come cheap.” They explain:
We had expected BDX’s M&A engine would eventually resume as the company moved into its third year post the 2015 CareFusion (CFN) acquisition; however, we do think the expectation was for tuck-in or mid-sized type transactions. This transaction is certainly on the bigger side, and will mark the largest in BDX’s history just as BDX wraps up year 2 post the CFN integration. Naturally this could raise some questions as to whether mgmt is “biting off more than it can chew.” But, size (and the hefty price tag) aside, the rationale is not entirely out of left field in our view. BCR will benefit BDX through a higher top-line & GM profile and provides several fast-growing product offerings in underpenetrated markets (i.e. PICCs, Lutonix/Drug Coated Balloons, targeted temperature mgmt). BCR’s Foley catheters and PICC products should complement BDX’s portfolio & strategy aimed at offering a single complete end- to-end medication management & safety solution to hospitals. Also, BCR’s emerging markets (EM) growth is accelerating, which should help BDX’s EM division, which has been experiencing slowing growth in recent years.
Becton Dickinson’s market capitalization fell to $37.7 billion today from $39.4 billion on Friday. It reported net income of $976 million on sales of $12.5 billion in 2016.
Top High Tech Stocks To Own Right Now: NOW Inc.(DNOW)
Advisors’ Opinion:
- [By Matthew DiLallo, Tyler Crowe, and Jason Hall]
Oil prices haven’t gotten off to the fast start many expected, falling around 6% on average during the first quarter of the year. That slump came despite OPEC’s best efforts since producing nations have achieved fairly good compliance on their planned output cuts. That said, despite the lackluster oil market, we still see some interestingopportunities in the oil market. Three stocks we really like right now are DistributionNOW(NYSE:DNOW),Phillips 66(NYSE:PSX), andConocoPhillips(NYSE:COP), which all should do well in the current oil market.
Top High Tech Stocks To Own Right Now: Haier Electronics Group Co., Ltd. (HRELF)
Advisors’ Opinion:
- [By SEEKINGALPHA.COM]
The main business units of the Hong Leong Asia are the Diesel Engines Unit – China Yuchai , the Consumer Products Unit – Henan Xinfei (now marketed as “Frestec”), and the Building Materials Unit – BMU. The other business units in the company are the Industrial Packaging Unit – Rex and the Air-conditioning Systems Unit – Airwell. As the majority of the business units namely Yuchai, Xinfei and Airwell, operate in China (more than 80% of total revenue), the continual slowdown of the economic growth in China coupled with increasing competition has adversely affected both the revenue and the profitability. Particularly for the consumer products unit, its small scale has severely impacted its competitiveness given aggressive larger players like Haier (OTCPK:HRELF), Midea, Feilong Electric, and Hefei Meiling.
- [By SEEKINGALPHA.COM]
2. Appliance Sale – This is another operating segment that the company did not consider core to its business, so management sold the segment to Haier (OTCPK:HRELF) for over $5b. The benefit: Additional capital can be allocated to the core operational areas.
