After a slow start to the day, the record-setting Dow Jones Industrial Average (DJINDICES: ^DJI ) hasn't been stopped from rising even higher, despite misgivings from wary investors over its year-to-date surge. As of 2:15 p.m. EDT, the blue chip index has pulled in gains of 20 points, or around 0.1%. Most stocks are in the green today, helped by falling jobless�claims reported by the Labor Department. Let's catch up on the stories and movers you need to know.
Mixed reactions around the market
AT&T (NYSE: T ) hasn't been able to take advantage of the Dow's record gains today, and the telecom stock has weighed down the index from even bigger gains. Shares have fallen more than 1% to rank among the top Dow laggards even after the company announced the launch�of a no-contract, prepaid wireless service today, called Aio Wireless.
Aio looks to follow in the steps of competitor services�targeting customers who aren't interested in traditional two-year phone contracts. While AT&T won't offer LTE with the Aio plans, it does offer unlimited data, talk, and text at a price range of $40 to $70. With AT&T's contract memberships growing at a slower rate than competitors such as Verizon (NYSE: VZ ) , the firm's willingness to expand beyond traditional contract boundaries is a good move to capture new customers.
Top Medical Companies To Own In Right Now: Western Asset Global Partners Income Fund Inc. (GDF)
Western Asset Global Partners Income Fund Inc. operates as a close-ended fixed income mutual fund launched and advised by Legg Mason Partners Fund Advisor, LLC. The fund is sub-advised by Western Asset Management Company. It primarily invests in the fixed income markets across the globe. The fund invests in high-yield U.S. and non-U.S. corporate debt securities and high-yield foreign sovereign debt securities. It benchmarks the performance of its portfolio against the Lehman Brothers U.S. Corporate High Yield 2% Issuer Cap Index and the JPMorgan Emerging Markets Bond Index Global Index. The fund was formerly known as Salomon Brothers Global Partners Income Fund Inc. Western Asset Global Partners Income Fund was founded in 1993 and is based in the United States.Advisors' Opinion:
- [By Chuck Carnevale]
Our first example looks at Vectren Corp.�� historical earnings, a utility with a 15-year historical earnings growth rate that is below our 3% threshold established in Part 1. Note that fair valuation is calculated using Graham Dodd�� Formula (GDF) deriving a fair value PE of 13.8 (slightly below, but close to our PE 15 standard). However, a normal PE of 16 has been historically applied by Mr. Market. Therefore, valuation falls between a PE of 13.8 to 16, or well within a range of normalcy.
Best Rising Stocks To Invest In Right Now: Teekay Lng Partners L.P.(TGP)
Teekay LNG Partners L.P. provides marine transportation services for liquefied natural gas, liquefied petroleum gas, and crude oil worldwide. It transports liquid petroleum gases, including propane, butane, and methane; petrochemical gases comprising ethylene, propylene, and butadiene; and ammonia. The company provides its services through a time-charter or bareboat charter contract basis. As of August 16, 2011, it operated a fleet of 21 LNG carriers, including 1 LNG regasification unit; 5 LPG/multigas carriers; and 11 conventional tankers. Teekay GP L.L.C. serves as the general partner of Teekay LNG Partners L.P. The company was founded in 2004 and is headquartered in Hamilton, Bermuda. Teekay LNG Partners L.P. is a subsidiary of Teekay Corporation.Advisors' Opinion:
- [By Robert Rapier]
The two Marine Transportation MLPs that are taxed as MLPs are Dynagas LNG Partners (Nasdaq: DLNG) and Teekay LNG Partners (NYSE: TGP). The latter has 29 LNG carriers, and has already agreed to charter two of its ships to the first US LNG export venture. We actually favor TGP over GMLP.
- [By Taylor Muckerman]
One segment of energy transportation on the high seas that has shown investors that tankers can still deliver on Wall Street has been liquefied natural gas, LNG, tankers. Teekay LNG Partners (NYSE: TGP ) and Golar LNG Partners (NASDAQ: GMLP ) have both churned out returns north of 15% in the past year along with paying investors more than 6% in distributions just for owning shares. As LNG exporting becomes a bigger part of global energy trade both of these companies stand to benefit. While there has only been approval for two LNG exporting facilities in the U.S., there are many others with applications submitted. Combined with countless other plans around the world, the prospects look rather bright.
- [By Ben Levisohn]
We are upgrading our recommendation on shares of Teekay Corp. to Buy from Hold, and raising our 12-month price target to $90 from $68. The revision reflects the company’s bold new dividend strategy outlined after today’s market close and ahead of its analyst day tomorrow. The new plan includes an 80% increase in its annual dividend effective 1Q15 (to $2.25 at the midpoint vs. $1.265 today), and a policy aimed at linking future div increases to cash flow growth at its two MLP subsidiaries [Teekay LNG Partners (TGP) & Teekay Offshore Partners (TOO)]. The result should be 20%/year grow in Teekay’s dividend for the foreseeable future, which together with today’s increase, easily justify a $90+ share price in the relatively near-term.
- [By Value Investor]
In terms of valuation the company is trading at an attractive price and investors can consider this as a good investment point. GasLog Partners has the lowest EV/EBITDA and EV/Revenue compared to peers such as Golar LNG (GLNG) and Teekay LNG Partners (TGP). A low EV/EBITDA and EV/Revenue suggests undervaluation of the company and hence a good value investment.
Best Rising Stocks To Invest In Right Now: Monmouth Real Estate Investment Corp (MNR)
Monmouth Real Estate Investment Corporation is a company operating as a qualified real estate investment trust (REIT). The Company�� primary business is the ownership of real estate. Its investment focus is to own net leased industrial properties which are leased primarily to investment-grade tenants on long-term leases. In addition, the Company holds a portfolio of REIT securities. It derives its income primarily from real estate rental operations. As of September 30, 2010, the Company had approximately 6,971,000 square feet of property, of which approximately 3,393,000 square feet, or approximately 49%, was leased to Federal Express Corporation (FDX) and subsidiaries (15% to FDX and 34% to FDX subsidiaries) and approximately 388,700 square feet in St Joseph, Missouri, or approximately 6% was leased to Mead Corporation, which subleased the space to Hallmark Cards, Incorporated. In June 2013, Monmouth Real Estate Investment Corp completed the acquisition of a new built to suit 103,402 square foot industrial building. In September 2013, the Company announced the acquisition of a 99,102 square foot industrial building. In October 2013, the Company acquired a 46,260 square foot industrial building located at 2800 North Garnett Road, Tulsa, Oklahoma. In October 2013, the Company announced that the acquisition of a 558,600 square foot industrial building located at 4555 West Highway 146, Oldham County, Buckner, Kentucky. In October 2013, the Company announced the acquisition of a 280,000 square foot industrial building located at 2552 South 98th Street, Edwardsville, KS. In November 2013, Monmouth Real Estate Investment Corporation announced the acquisition of a 114,923 square foot industrial building located at 21200 Spring Plaza Drive, Harris County, Spring, Texas.
During the fiscal year ended September 30, 2010 (fiscal 2010), it purchased four industrial properties totaling approximately 838,000 square feet. As of September 30, 2010, the Company owned 63 rental properties. These propertie! s are located in 25 states: Alabama, Arizona, Colorado, Connecticut, Florida, Georgia, Illinois, Iowa, Kansas, Maryland, Michigan, Minnesota, Missouri, Mississippi, North Carolina, Nebraska, New Jersey, New York, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, and Wisconsin. All properties are leased on a net basis except an industrial park in Monaca, Pennsylvania and a shopping center in Somerset, New Jersey. Of the Company�� wholly-owned properties and the shopping center in Somerset, N.J. in which the Company holds a two-thirds interest are managed on behalf of the Company by Cronheim Management Services, Inc. (CMS), a division of David Cronheim Company. During fiscal 2010, the Company�� occupancy rates were 96%.Advisors' Opinion:
- [By Chuck Carnevale]
Monmouth Real Estate Investment Corporation (MNR)
My final REIT example is Monmouth Real Estate Investment Corporation, which I offer as an example for those investors most interested in current income. Although there is not a lot of growth with this particular REIT, their current yield exceeds 6%, and their attractive valuation is what intrigued me most. At first blush, Monmouth Real Estate Investment Corporation appears to be a potential candidate for yield-hungry investors in today�� low interest rate environment. Although I would stop short of calling it a bond alternative, I believe this particular REIT offers more bond like attributes than most other REITs I examined.
- [By Dan Caplinger]
Monmouth Real Estate Investment (NYSE: MNR ) will release its quarterly report on Thursday, and investors have been nervous lately about the real estate investment trust's prospects in a rising interest rate environment. Yet what sets Monmouth apart from both leveraged mortgage REIT Annaly Capital Management (NYSE: NLY ) and traditional industrial REITs is the fact that Monmouth gets about half of its rental revenue from a single customer, FedEx (NYSE: FDX ) . Does that add an unacceptable level of risk to the investment, or is it actually a positive for Monmouth?
Best Rising Stocks To Invest In Right Now: Companhia de Bebidas das Americas - AmBev(ABV)
Companhia de Bebidas das Americas?Ambev engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt, and other non-alcoholic and non-carbonated products in the Americas. It also sells bottled water, isotonics, and ready-to-drink teas. The company provides its products under the brand names of Skol, Brahma, Antarctica, Guarana Antarctica, Gatorade, Brahva, Brahva Beats, Extra, Brahma Light, Brahma Ice, Quilmes, Stella Artois, Red Rock, Pepsi-Cola, Seven UP, Zenda, Concordia, Triple Kola, Quilmes Cristal, Brahma, Andes, Pacena, Taquina, Huari, Becker, Baltica, Pilsen, Patricia, Labatt Blue, Alexander Keith?s, and Kokanee. It has a licensing agreement with Anheuser-Busch, Inc. to produce, bottle, distribute, and sell Budweiser products in Canada and Paraguay. Companhia de Bebidas das Americas?Ambev distributes its products through direct distribution system and third-party distributors. The company was founded in 1888 and is headquarter ed in Sao Paulo, Brazil. Companhia de Bebidas das Americas?Ambev is a subsidiary of Interbrew International B.V.Advisors' Opinion:
- [By Robert Martin]
South Africa, China, Mexico and Brazil collectively make up 68% of ECON�� holdings. The top three holdings are Naspers LTD (NPSNY) at 10%, AmBev (ABV) at 8% and FEMSA (FMX) at 5.6%.
- [By Hilary Kramer]
Companhia de Bebidas das Americas (ABV): Better known as Ambev, it is one of the largest brewers in the world and the largest in Latin America (in terms of sales volume). It makes a variety of beverages, including beer and soft drinks, and is also one of the biggest independent PepsiCo bottlers in the world. The company has done a good job lately of emphasizing premium beers, which carry a higher margin, to offset recent lower sales volumes. ABV yields a solid 4.6%.
Best Rising Stocks To Invest In Right Now: Denbury Resources Inc (DNR)
Denbury Resources Inc., incorporated in 1951, is an independent oil and natural gas company. As of December 31, 2011, the Company had 461.9 million barrel of oil equivalent of proved oil and natural gas reserves, of which 77% was oil. The Company�� oil and natural gas properties are concentrated in the Gulf Coast and Rocky Mountain regions in the United States. As of December 31, 2011, the Company's properties with proved and producing reserves in the Gulf Coast region were situated in Mississippi, Texas, Louisiana and Alabama, and in the Rocky Mountain region were primarily situated in Montana, North Dakota, Utah and Wyoming. In April 2012, it sold certain non-operated assets in the Greater Aneth Field in the Paradox Basin of Utah to Resolute Energy Corporation and the Navajo Nation Oil and Gas Company. In December 2012, the Company closed its first phase of its previously announced Bakken sale and asset exchange with Exxon Mobil Corporation and its wholly owned subsidiary XTO Energy Inc. In March 2013, it announced the closing of acquisition of producing property interests in the Cedar Creek Anticline (CCA) of Montana and North Dakota.
The Company�� CO2 source, Jackson Dome is located near Jackson, Mississipp. In addition to the proved reserves, it has an additional 2.5 trillion cubic feet of probable CO2 reserves at Jackson Dome. As of December 31, 2011, there have been 13 structures drilled within the Jackson Dome area and only one has not been productive. In addition to using CO2 for the Company�� Gulf Coast tertiary operations, it sells CO2 to third-party industrial users under long-term contracts and has three CO2 volumetric production payment contracts (VPPs). Approximately 91% of its average daily CO2 production during the year ended December 31, 2011 was used in its tertiary recovery operations on its own behalf and on behalf of other working interest owners in recovery fields, with the balance delivered to third-party industrial users. During 2011, the Company sold an av! erage of 89 million cubic feet per day of CO2 to commercial users, and the Company used an average of 920 million cubic feet per day for its tertiary activities.
In Eastern Mississippi properties, the Company has four tertiary operations (Soso, Martinville, Eucutta and Heidelberg Fields). The majority of the conventional oil production at Heidelberg is from waterflood units that produce from the Eutaw formation (at approximately 4,400 feet). The Company has converted all of the waterflood units in West Heidelberg to CO2 enhanced oil recovery (EOR). As of December 31, 2011, the Company either owned, or controlled through long-term financing leases, approximately 864 miles of CO2 pipelines in the Gulf Coast region. In addition to the NEJD CO2pipeline, the major pipelines are the Free State Pipeline (90 miles), the Delta Pipeline (110 miles) and the Green Pipeline (325 miles).
The Company�� primary Rocky Mountain CO2 source, Riley Ridge is located in southwestern Wyoming. The gas composition from Riley Ridge is approximately 65% CO2, 19% natural gas, 5% hydrogen sulfide (H2S), 0.6% helium, and the remainder other gases. As of December 31, 2011, its interest in Riley Ridge and minor surrounding acreage contained net proved reserves of 415 billion cubic feet of natural gas and 2.2 trillion cubic feet of CO2 reserves. Bell Creek Field is located in southeast Montana. Cedar Creek Anticline (CCA) is primarily located in Montana. CCA is a series of 10 producing oil units. During 2011, the Company fracture stimulated 31 operated wells in the Bakken and four wells in the Selma Chalk utilizing water-based fluids.Advisors' Opinion:
- [By David Smith]
Denbury Resources (NYSE: DNR )
Plano, Texas-based Denbury represents a truly unique way to play the strength in the U.S. oil and gas markets. The company utilizes a process called carbon dioxide enhanced oil recovery (CO2 EOR), or tertiary recovery, to produce oil from wells that otherwise might have seen their last days. Through the process, carbon dioxide is injected under high pressure into the otherwise spent wells, thereby facilitating production of large percentages of the remaining oil.
Best Rising Stocks To Invest In Right Now: Lee Enterprises Incorporated (LEE)
Lee Enterprises, Incorporated provides local news, information, and advertising services primarily in midsize or small markets in the United States. The company publishes 50 daily and 39 Sunday newspapers, 300 weekly newspapers and classified, and niche publications in 22 states; and provides retail, classified, digital, and national advertising services. It also provides digital infrastructure and digital publishing services for approximately 1,500 daily and weekly newspapers and shoppers. The company was founded in 1890 and is based in Davenport, Iowa.Advisors' Opinion:
- [By Mike Arnold]
I look at Glacier as one part Lee Enterprises (LEE) (community newspapers), one part Daily Journal Corp. (DJCO) (business/trade publications) with a splash of web start up. If Glacier were a drink, it would make for a delectable cocktail. Instead, its shares make for compelling investment aperitif at current prices.
- [By George Putnam]
Lee Enterprises (LEE) is a publisher of regional newspapers. Like many in its sector, the company struggled with competition from the Internet, and it went through a short bankruptcy at the end of 2011.