Last week’s earnings announcement by Total SA (NYSE:TOT) served notice to the markets that the company will be on the offensive going forward.
The company beat earnings on the top and bottom lines by a wide margin, earning $.96 a share on Revenues of $42.3B, beating street estimates by 8%. It also increased its dividend to 0.62 euros.
As I study the energy space, it appears to me that the best bang for the buck for Total SA may be buying Chesapeake Energy (NYSE:CHK) at a discount.
I recently wrote an article about BP plc (NYSE:BP) (which I believe is making a yearly low today) buying Chesapeake, but after more research, it seems Total SA would be even better served by buying this undervalued company.
One of the knocks against Total SA is its lack of US shale presence. In my view, buying up Chesapeake would instantly give Total SA the world class US shale acreage that would otherwise take years to accumulate.
Chesapeake CEO Mr. Doug Lawler recently gave a presentation at the Credit Suisse Energy Summit where he shared some valuable information about the company and its future. I encourage interested investors to click on the link above for detailed information.
Top Undervalued Stocks To Own For 2019: Dr. Reddy’s Laboratories Ltd(RDY)
Advisors’ Opinion:
- [By Keith Speights]
The third reason behind Celgene’s low valuation is a potential threat to the biotech’s top drug Revlimid. Celgene is fighting a patent challenge over Revlimid from Dr. Reddy’s Laboratories (NYSE:RDY). The hematology drug currently generates 63% of Celgene’s total revenue.
- [By Lisa Levin] Companies Reporting Before The Bell
Advance Auto Parts, Inc. (NYSE: AAP) is projected to report quarterly earnings at $1.97 per share on revenue of $2.91 billion.
Kohl's Corporation (NYSE: KSS) is expected to report quarterly earnings at $0.5 per share on revenue of $3.95 billion.
The TJX Companies, Inc. (NYSE: TJX) is projected to report quarterly earnings at $1.02 per share on revenue of $8.47 billion.
AutoZone, Inc. (NYSE: AZO) is estimated to report quarterly earnings at $13.01 per share on revenue of $2.72 billion.
Dycom Industries, Inc. (NYSE: DY) is projected to report quarterly earnings at $0.7 per share on revenue of $734.86 million.
Eaton Vance Corp. (NYSE: EV) is estimated to report quarterly earnings at $0.79 per share on revenue of $425.42 million.
Photronics, Inc. (NASDAQ: PLAB) is expected to report quarterly earnings at $0.07 per share on revenue of $124.17 million.
Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL) is estimated to report quarterly earnings at $1.93 per share on revenue of $715.15 million.
Radcom Ltd. (NASDAQ: RDCM) is expected to post quarterly earnings at $1.96 per share on revenue of $718.59 million.
Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) is projected to report quarterly earnings at $0.04 per share on revenue of $718.96 million.
CYREN Ltd. (NASDAQ: CYRN) is estimated to report quarterly loss at $0.08 per share on revenue of $7.72 million.
Ferroglobe PLC (NYSE: GSM) is projected to report quarterly earnings at $0.16 per share on revenue of $559.15 million.
Dr. Reddy's Laboratories Limited (NYSE: RDY) is estimated to report earnings for its fourth quarter.
BioLineRx Ltd. (NASDAQ: BLRX) is expected to report quarterly loss at $0.07 per share.
Toll Brothers, Inc. (NYSE: TOL) is estimated to post quarterly earnings at $0.76 per share on revenue of $1.58 billion.
Top Undervalued Stocks To Own For 2019: National Oilwell Varco, Inc.(NOV)
Advisors’ Opinion:
- [By Matthew DiLallo]
After steadily improving for several quarters, National Oilwell Varco’s (NYSE:NOV) recovery hit a speedbump in the first quarter of 2018. Revenue declined 9% from the previous quarter and missed its forecast due to several issues. However, one thing the company’s management team made clear on the accompanying conference call was that while the quarter was a disappointment, they’re increasingly optimistic about what they see ahead.
- [By Logan Wallace]
National Oilwell Varco (NYSE: NOV) and DistributionNOW (NYSE:DNOW) are both oils/energy companies, but which is the better business? We will contrast the two companies based on the strength of their dividends, analyst recommendations, earnings, risk, institutional ownership, valuation and profitability.
- [By Garrett Baldwin]
The price of Bitcoin faced more pressure over the weekend. The downturn came on news that several major banks have banned the purchasing of Bitcoin with credit cards. Bank of America Corp. (NYSE: BAC), JPMorgan Chase & Co. (NYSE: JPM), and Citigroup Inc. (NYSE: C) have all banned cryptocurrency purchases since Friday. This means that the top five credit card issuers have now halted the practice. Bitcoin sat at $7,773 this morning.
Janet Yellen is officially out of the Federal Reserve and will be heading to the Brookings Institution. Today, Jerome Powell will begin his first term at the helm of the U.S. central bank. Powell takes over at an interesting time for the U.S. economy. The central bank is expected to raise interest rates three times in 2017. In addition, Powell must manage a $4.5 trillion balance sheet that the Fed built up in the wake of last decade’s financial crisis.
Gold prices saw a slight gain in pre-market hours. But those gains could surge as markets continue to face questions about inflation and a weaker U.S. dollar. Gold prices saw one of their biggest one-day declines in two months on Friday. Investors are looking at this as a solid entry point given price expectations from Money Morning Resource Specialist Peter Krauth. Peter expects that gold prices will reach $1,400 by the end of June and rise to as high as $1,500 by December.
VideoMeet the Trading Expert Who Could Help Make You a Millionaire
Crude oil prices slid in pre-market hours to a one-month low. TheWTI crude oil price todayfell 0.6%. Brent crude dropped 1.1%. Markets are growing increasingly fearful that rising U.S. production could spur an oversupply of the markets.
Four Stocks to Watch Today: WFC, AVGO, QCOM, BMY
Shares of Wells Fargo & Co. (NYSE: WFC) are off more than 8% this morning because the Fed has forced new sanctions on the bank that will limit its growth. The Fed’s consent order will see the bank change four members of its board of directors and
Top Undervalued Stocks To Own For 2019: Sykes Enterprises, Incorporated(SYKE)
Advisors’ Opinion:
- [By Ethan Ryder]
Barrington Research reiterated their hold rating on shares of Sykes Enterprises (NASDAQ:SYKE) in a research note issued to investors on Thursday morning.
- [By Stephan Byrd]
Shares of Sykes Enterprises (NASDAQ:SYKE) have been given an average recommendation of “Hold” by the seven research firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $31.00.
- [By Lisa Levin]
Companies Reporting After The Bell
Hertz Global Holdings, Inc. (NYSE: HTZ) is projected to post quarterly loss at $1.31 per share on revenue of $1.97 billion.
International Flavors & Fragrances Inc. (NYSE: IFF) is estimated to post quarterly earnings at $1.59 per share on revenue of $909.36 million.
Zillow Group, Inc. (NASDAQ: ZG) is expected to post quarterly earnings at $0.06 per share on revenue of $294.79 million.
General Cable Corporation (NYSE: BGC) is estimated to post quarterly earnings at $0.15 per share on revenue of $980.61 million.
Central Garden & Pet Company (NASDAQ: CENT) is expected to post quarterly earnings at $0.84 per share on revenue of $598.45 million.
Cabot Corporation (NYSE: CBT) is estimated to post quarterly earnings at $1 per share on revenue of $746.42 million.
Fabrinet (NYSE: FN) is expected to post quarterly earnings at $0.71 per share on revenue of $319.71 million.
National General Holdings Corp. (NASDAQ: NGHC) is projected to post quarterly earnings at $0.55 per share on revenue of $1.08 billion.
The Navigators Group, Inc. (NASDAQ: NAVG) is estimated to post quarterly earnings at $0.75 per share on revenue of $320.92 million.
Diplomat Pharmacy, Inc. (NYSE: DPLO) is expected to post quarterly earnings at $0.22 per share on revenue of $1.29 billion.
Trex Company, Inc. (NYSE: TREX) is projected to post quarterly earnings at $1.19 per share on revenue of $172.22 million.
AMC Entertainment Holdings, Inc. (NYSE: AMC) is expected to post quarterly earnings at $0.09 per share on revenue of $1.35 billion.
Envision Healthcare Corporation (NYSE: EVHC) is projected to post quarterly earnings at $0.64 per share on revenue of $2.02 billion.
Regal Beloit Corporation (NYSE: RBC) is estimated to post quarterly earnings at $1.23 per share on revenue of $869.64 million.
Amedisys, Inc. (NASDAQ: AMED) is projected to post quarterly earnings at $0.67 per share on revenue of $39
Top Undervalued Stocks To Own For 2019: iShares Global Infrastructure (IGF)
Advisors’ Opinion:
- [By Sarah Priestley]
And if you are an investor who prefers ETFs and mutual funds, there are a couple of options for you: iShares Global Infrastructure ETF(NASDAQ:IGF), andLazard Global Listed Infrastructure(NASDAQMUTFUND:GLIFX). I would caution anybody tocheck the percentage of utilities that are within these baskets, just to check theutilities exposure. But, generally, not bad options to check out.
