Stock Company – Sofrelop http://sofrelop.com/ Wed, 28 Sep 2022 02:50:17 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://sofrelop.com/wp-content/uploads/2021/06/icon-6-150x150.png Stock Company – Sofrelop http://sofrelop.com/ 32 32 Is Trending Stock Pioneer Natural Resources Company (PXD) a buy it now? https://sofrelop.com/is-trending-stock-pioneer-natural-resources-company-pxd-a-buy-it-now/ Wed, 28 Sep 2022 01:00:12 +0000 https://sofrelop.com/is-trending-stock-pioneer-natural-resources-company-pxd-a-buy-it-now/ Pioneer of natural resources (PXD) has been one of the most searched stocks on Zacks.com lately. So, you might want to consider some of the facts that could shape the stock’s performance in the short term. Over the past month, shares of this independent oil and gas company have returned -21.8%, compared to a -9.7% […]]]>

Pioneer of natural resources (PXD) has been one of the most searched stocks on Zacks.com lately. So, you might want to consider some of the facts that could shape the stock’s performance in the short term.

Over the past month, shares of this independent oil and gas company have returned -21.8%, compared to a -9.7% change in the Zacks S&P 500 composite. Gas – Exploration and Production – United States, which includes Pioneer Natural Resources, lost 19%. The key question now is: what could be the future direction of the title?

While press releases or rumors about a substantial change in a company’s trading outlook usually “trend” its stock and cause an immediate price change, there are always fundamental facts that ultimately dominate the take. purchase and retention decision.

Revisions to earnings estimates

Rather than focusing on anything else, at Zacks we prioritize assessing change in a company’s earnings projection. Indeed, we believe that the fair value of its shares is determined by the present value of its future earnings streams.

Our analysis is primarily based on how sell-side analysts covering the stock revise their earnings estimates to reflect the latest trading trends. When a company’s earnings estimates increase, the fair value of its stock also increases. And when the fair value of a stock is higher than its current market price, investors tend to buy the stock, causing its price to rise. For this reason, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term movements in stock prices.

For the current quarter, Pioneer Natural Resources is expected to post earnings of $8.19 per share, indicating a +98.3% change from the prior year quarter. The Zacks consensus estimate has changed -3% in the last 30 days.

The current year earnings consensus estimate of $32.75 indicates a year-over-year change of +147%. This estimate has changed by -1.3% over the last 30 days.

For the next fiscal year, the consensus earnings estimate of $29.04 indicates a change of -11.3% from what Pioneer Natural Resources is expected to report a year ago. Over the past month, the estimate has changed by +1%.

have a strong externally audited balance sheet, our proprietary stock rating tool, Zacks Rank, provides a more conclusive picture of a stock’s price direction in the short term, as it effectively harnesses the power of earnings estimate revisions. Due to the magnitude of the recent consensus estimate change, as well as three other factors related to earnings estimatesPioneer Natural Resources is ranked Zacks Rank #3 (Hold).

The chart below shows the evolution of the company’s consensus 12-month EPS estimate:

12 month EPS

Revenue Growth Forecasts

Although earnings growth is arguably the most superior indicator of a company’s financial health, nothing as such happens if a company is unable to increase its revenue. After all, it is almost impossible for a company to increase its profits for an extended period of time without increasing its revenue. It is therefore important to know the potential revenue growth of a business.

In the case of Pioneer Natural Resources, the consensus sales estimate of $6.67 billion for the current quarter indicates a year-over-year change of +49.4%. Estimates of $26.45 billion and $25.18 billion for the current and next fiscal year indicate changes of +80.7% and -4.8%, respectively.

Latest reported results and history of surprises

Pioneer Natural Resources reported revenue of $6.92 billion in the last reported quarter, representing a year-over-year change of +102.4%. EPS of $9.36 for the same period versus $2.55 a year ago.

Compared to the Zacks consensus estimate of $6.93 billion, reported revenue is a surprise -0.07%. Surprise EPS was +6.24%.

The company has exceeded consensus EPS estimates in each of the past four quarters. The company exceeded consensus revenue estimates only once during this period.

Evaluation

Without considering the valuation of a stock, no investment decision can be effective. Crucial to predicting a stock’s future price performance is whether its current price accurately reflects the intrinsic value of the underlying business and the company’s growth prospects.

Compare the present value of a company’s valuation multiples, such as its price/earnings (P/E), price/sales (P/S), and price/cash flow (P/CF), to its own historical values ​​help determine whether its stock is fairly priced, overvalued or undervalued, while comparing the company against its peers on these metrics gives a good idea of ​​the reasonableness of its price.

The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to traditional and unconventional valuation metrics to rank stocks from A to F (an A is better than a B; a B is better than a C; and so on), is quite useful in determining whether a stock is overvalued, correctly priced, or temporarily undervalued.

Pioneer Natural Resources is rated B on this front, indicating that it is trading at a discount to its peers. Click here to see the values ​​of some of the rating metrics that led to this rating.

Conclusion

The facts discussed here and much more information on Zacks.com might help determine whether it’s worth paying attention to the market buzz about Pioneer Natural Resources. However, its No. 3 Zacks ranking suggests it could perform in line with the broader market in the near term.

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To read this article on Zacks.com, click here.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Nike, Micron, Porsche, Intuit and more stocks for investors to watch this week https://sofrelop.com/nike-micron-porsche-intuit-and-more-stocks-for-investors-to-watch-this-week/ Sun, 25 Sep 2022 19:00:00 +0000 https://sofrelop.com/nike-micron-porsche-intuit-and-more-stocks-for-investors-to-watch-this-week/ Text size It’s been a relatively quiet week, before the third-quarter earnings season storm picks up again in mid-October. A handful of major companies are reporting this week, while the peak of economic data will be the Federal Reserve’s preferred inflation measure. Report from Cintas and Paychex on Wednesday, followed by Nike , Micron Technology […]]]>

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Markets Brief: As the third quarter draws to a close, the stock market rebound has passed https://sofrelop.com/markets-brief-as-the-third-quarter-draws-to-a-close-the-stock-market-rebound-has-passed/ Fri, 23 Sep 2022 21:32:37 +0000 https://sofrelop.com/markets-brief-as-the-third-quarter-draws-to-a-close-the-stock-market-rebound-has-passed/ With the end of the third quarter just days away, what looked like a turnaround quarter for markets turned sour for investors. At one point in August, Morningstar’s U.S. Market Index had rebounded more than 18% from its mid-June lows, and bond yields began to fall on hopes that inflation was hitting a low. peak […]]]>

With the end of the third quarter just days away, what looked like a turnaround quarter for markets turned sour for investors.

At one point in August, Morningstar’s U.S. Market Index had rebounded more than 18% from its mid-June lows, and bond yields began to fall on hopes that inflation was hitting a low. peak and that the Federal Reserve could ease its aggressive rate hikes.

But as it became clear inflation was much more rigid than most investors – and Fed officialshad expected, feeling soured. As Fed officials signaled last week, there are still plenty of rate hikes to come in the coming months.

This week may not bring much to change the near-term outlook, as the calendar is relatively light on major economic and corporate news. However, a key report will be released on Friday with the release of August data for the Fed’s favorite inflation indicator, the Personal Consumption Expenditures Price Index.

In July, the PCE inflation index posted a 12-month increase of 6.3%, compared to 6.8% in June. Economists expect the PCE index to post a 6.1% year-over-year rise in August, according to FactSet. A bad reading could further reinforce negative sentiment in bond and equity markets.

Although third quarter results are still not released for a few weeks, investors should also be wary of companies that release preliminary results.also known as advance announcementslike FedEx’s recent warning about slowing business due to economic headwinds.

Meanwhile, for investors who haven’t checked their portfolios recently, the third quarter itself doesn’t look so bad when measured from start to finish. As of Friday’s close, the Morningstar US Market Index was down 2% for the quarter.

But that masks the back and forth that the market has made over the past three months. By mid-August, stocks were up 18.4% from their June bear market low. If the market had made it a little higher and passed the 20% mark, it would have qualified for a new bull market.

This was not to be the case. Shares are now down 14.4% from that peak, and the US market index is down 22.8% so far in 2022. That leaves the index at just 1.3 % ahead of its June 16 bear market low.

The other bad news for investors is that bonds also continue to suffer losses. This means that traditional diversification strategies, such as a 60/40 split between stocks and bondsdon’t offer much refuge.

Given that the Fed has made it clear that it will take an economic slowdown to bring inflation under control, there is not much optimism to be had in the market.

“There’s no reason this (stock) market shouldn’t fall much more,” Richard Weiss, chief investment officer for multi-asset strategies at American Century Investments. “If history is any guide, the market could easily drop another 10% to 20%.”

Events scheduled for the coming week include:

  • Thursday: Bath in bed and beyond (BBBY)and Nike (NKE) report earnings.
  • Friday: August update of the personal consumption expenditure price index.

For the trading week ended September 23:

  • The Morningstar US Market Index fell 4.97%.
  • All sectors fell over the week, with Energy down 9.38% and Consumer Discretionary down 7.43% the worst performers.
  • Yields on the 10-year US Treasury rose from 3.45% to 3.69%.
  • West Texas Intermediate crude oil prices fell 7.48% to $78.74 a barrel.
  • Of the 851 U.S.-listed companies covered by Morningstar, 35, or 4%, were up and 816, or 96%, were down.

Which stocks are rising?

Packaged food inventories edged up on gains at General Mills (GIS) after the company announced first-quarter results that showed organic sales growing 10%.

“We believe the business is also benefiting from consumers’ shift to home food consumption to help combat inflation, based on management feedback and restaurant traffic data, which has eased in recent years. month,” said Rebecca Scheuneman, senior equity analyst at Morningstar.

The company also raised its organic sales forecast for fiscal 2023 to 5% to 6% from 4% to 5%. Kellogg competitors (K)Simply good food (SMPL)Campbell’s Soup (CPB)and JM Smucker (SJM) saw their shares close higher.

Line chart showing some of the best performing stocks during the week of September 23, 2022.

Which stocks are down?

Cyclical stocks fell as the Fed’s latest rate hike coupled with comments from Chairman Jerome Powell pushed expectations of a recession higher.

In response, investors sold shares of retailers including The RealReal (REAL)Farfetch (FTCH)and Wayfair (W).

Renewable energy companies also fell after the Fed meeting, continuing their volatility of recent weeks. Among those in the sector, the biggest decliners were high-growth companies that have yet to be profitable, such as ChargePoint. (CHPT) and connect the power (PLUG) .

“The impact of the rate hike is more severe [for them] since the cash flows are older,” says Morningstar equity analyst Brett Castelli.

Oil and gas companies also fell on lower natural gas and crude oil prices, with Antero Resources (RA) and Patterson-UTI Energy (PTEN) among the greatest declines.

Chart showing some of the worst performing stocks during the week of September 23, 2022

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Truth Social drops company shares 30% in 6-day decline https://sofrelop.com/truth-social-drops-company-shares-30-in-6-day-decline/ Wed, 21 Sep 2022 22:14:00 +0000 https://sofrelop.com/truth-social-drops-company-shares-30-in-6-day-decline/ Truth Social, the Trump-branded social media gimmick, continues to fail spectacularly. In order to become a publicly traded company, Trump and his friends got Digital World Acquisition (DWAC) to become his ad hoc acquisition company (SPAC). Business Intern reports that on Wednesday, DWAC shares fell another 7%, deepening what is now a six-day decline to […]]]>

Truth Social, the Trump-branded social media gimmick, continues to fail spectacularly. In order to become a publicly traded company, Trump and his friends got Digital World Acquisition (DWAC) to become his ad hoc acquisition company (SPAC). Business Intern reports that on Wednesday, DWAC shares fell another 7%, deepening what is now a six-day decline to around 30%. Since the deal was announced, the company’s shares have lost 90% of their value, dropping from a high of $175 per share.

There is an investigation into the merger by the US Securities and Exchange Commission (SEC). Truth Social argues (of course) that the real The issue is political and accuses the SEC of dragging its feet in reviewing the SPAC deal. In a regulatory filing, Trump Media & Technology Group (TMTG), the media company that owns Truth Social, wrote:

“In light of the evident conflicts of interest among SEC officials and clear indications of political bias, TMTG is currently considering legal action against the SEC. Despite the increasing militarization and politicization of government agencies, Truth Social will pursue its expansion plans, supported by the unprecedented levels of user engagement on the platform.”

Of course, there are quite a few things that whoever Truth Social executives are at this point forgot to mention about their company — and what happened at Digital World Acquisition.

RELATED STORY: Top Leaders Jump Ship, Numbers Drop, Trump Sad, Truth Social Disaster

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This Tata Group share has soared 101% in six days and is trading at a 6-year high https://sofrelop.com/this-tata-group-share-has-soared-101-in-six-days-and-is-trading-at-a-6-year-high/ Tue, 20 Sep 2022 05:56:00 +0000 https://sofrelop.com/this-tata-group-share-has-soared-101-in-six-days-and-is-trading-at-a-6-year-high/ Shares of TRF hit an over-six-year high at 339.60 rupees and were locked in the 5% upper circuit of BSE in intraday trading on Tuesday, with only buyers seen at the counter. Tata Group shares traded at their highest level since July 2016. Tata Steel (TSL), the promoter of TRF, held 34.11% […]]]>


Shares of TRF hit an over-six-year high at 339.60 rupees and were locked in the 5% upper circuit of BSE in intraday trading on Tuesday, with only buyers seen at the counter. Tata Group shares traded at their highest level since July 2016. Tata Steel (TSL), the promoter of TRF, held 34.11% of the company’s capital as of June 30, 2022.

Over the past six trading days, the market price of TRF has climbed 101% from a level of Rs 168.80 on September 12, 2022 after the certificate was excluded from the watch of the graduated surveillance measure (GSM).

At 10:56 a.m., approximately 29,000 shares combined changed hands on BSE and ESN. There were pending buy orders for a total of 230,000 shares on those exchanges, according to the data.

TRF was locked in the upper circuit for the sixth consecutive trading day. Exchanges have revised the certificate price range to 5% from 10% as of today. Previously, on September 15, they revised the price range from 20% to 10%.

Shares of TRF have been placed under the Graduated Monitoring Measure (GSM) framework since June 2022. In addition, the shares have only traded once a week, i.e. every Monday, once they have been placed under GSM Level 3 monitoring. The company’s certificate has been excluded from GSM monitoring as of September 12, 2022.

“While the company has also seen upward movement in its share price since September 13, 2022, we understand that this upward movement in price is due to the exclusion of the company’s certificate from GSM monitoring and to the availability of the certificate for regular trading,” TRF said on Sept. 16, on clarification on the price movement.

Meanwhile, TRF undertakes turnkey material handling projects for the infrastructure sector such as energy and ports and the industrial sector such as steel mills, cement, fertilizers and mining. The company is also engaged in the production of such material handling equipment at its manufacturing plant in Jamshedpur. In addition, the Company is engaged in the provision of services related to design and engineering, supervision, etc.

Regarding its outlook, TRF said that significant improvements and growth are expected in key sectors (steel, mining and energy, etc.), which will have a cascading effect on all associated sectors such as material handling equipment manufacturers and demand for project/construction management services.

In August 2022, CARE Ratings revised the TRF’s long-term rating from ‘Negative’ to ‘Stable’ due to reduced external liability through support from funds received from parent company TSL. Additionally, the company has experienced a continued decline in cash losses over the past two years and CARE expects the company to become slightly cash positive in FY23, largely due to backlog execution. orders from TSL, the rating agency said in its rationale. .

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American Shipping Company: 13% yield, a classic hidden dividend stock (OTCMKTS: ASCJF) https://sofrelop.com/american-shipping-company-13-yield-a-classic-hidden-dividend-stock-otcmkts-ascjf/ Sun, 18 Sep 2022 13:15:00 +0000 https://sofrelop.com/american-shipping-company-13-yield-a-classic-hidden-dividend-stock-otcmkts-ascjf/ alvarez American Shipping Company ASA (OTCQX: ASCJF) is a core holding in the HDS+ portfolio. We added it on 02/01/18, just over 4.5 years ago. Since then, American Shipping Company has achieved a total return since inception of 82.72%, averaging well beyond 19% per year. Even better for us income investors, 73% of his return […]]]>

alvarez

American Shipping Company ASA (OTCQX: ASCJF) is a core holding in the HDS+ portfolio.

We added it on 02/01/18, just over 4.5 years ago. Since then, American Shipping Company has achieved a total return since inception of 82.72%, averaging well beyond 19% per year. Even better for us income investors, 73% of his return came from his $1.82/share in dividends.

So far in 2022, the ASCJF has posted a total return of 9.61%, far exceeding the -17.7% loss of the S&P 500.

TOTAL RETURN

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Profile:

American Shipping Company has a fleet of nine modern utility-sized product tankers, one modern utility-sized shuttle tanker, and one international subsea construction vessel. The Company is listed on the Oslo Stock Exchange under the symbol “AMSC”.

Founded in 2005, American Shipping Company is a ship finance company focused on the US Jones Act intercoastal shipping market. She has 10 modern utility-sized tankers and one modern utility-sized shuttle tanker on long-term bareboat charters with Overseas Shipholding Group (OSG), a US-based company. Aker ASA is the main shareholder with ~19% of the shares.

NOTE: We will refer to American Shipping as AMSC or ASCJF in this article.

Jones Law:

The Jones Act is an American law that was passed in the 1920s. It states that “the transportation of goods by sea between two points in the United States must take place on board a ship built in the United States, owned by the States States, flying the American flag and with an American crew”.

The Jones Act is a key feature of United States national security policy because it provides the capability required to meet national security needs and avoid complete reliance on ships controlled by foreign nations. Since the United States’ maritime position in international trade has declined significantly over the past three decades, the Jones Act is the primary maritime market for US shipyards and operators.

The Gulf of Mexico is a major shipping lane for Jones Act ships. Florida does not have a pipeline connection or refinery, so all clean products (gasoline, diesel, and jet fuel) consumed are supplied by sea via Jones Act ships.

Over the past 10 years, this trade has grown with a CAGR of around 3.5%. There is also a demand for Gulf products in the North East, but this depends on prices compared to international alternatives such as Brent Crude.

The pandemic has reduced demand, with less use of refineries, but the International Energy Agency (“IEA”) now sees clean fuel volumes almost fully recovered.

jones act card

CSIA website

Fleet:

AMSC charters its vessels on long-term bareboat charters that provide stable and predictable cash flow. On June 10, AMSC announced 2 new multi-year Jones Act bareboat charters with Keystone Shipping Co., beginning with the re-delivery of current charters in December 2022.

In May 2022, AMSC entered into an agreement to acquire the offshore construction vessel Normand Maximus and to enter into a long-term bareboat charter from the fourth quarter of 2022 with a subsidiary of Solstad Offshore ASA, which will be earnings accretive. This bareboat contract is for 5 years firm, with 2 extension options of 5 years.

The fleet had a Jones Act guaranteed revenue arrears of US$175.7 million, with a weighted average term of 1.9 years, as of 6/30/22.

CSIA is governed by the Jones Act. on fairly long-term contracts, which were renewed in December 2019. Its main charterer is OSG. The end users of these vessels are blue chip companies: Royal Dutch Shell, BP, Chevron, Philips 66 and Marathon.

AMSC also has a profit-sharing deal with OSG, which could drop to its bottom line. Additionally, it has a deferred principal obligation, DPO, whereby OSG repays principal and interest, up to $7 million per vessel, over an 18-year period. However, if the charter of the vessel is terminated, the balance becomes due immediately. This gives AMSC good leverage with the OSG in recharter negotiations.

AMSC continues to have downside protection with “come hell or high water” bareboat contracts (meaning charterer pays crew and vessel operating costs), with 1 tank of product secured until December 2022, 6 product tanks secured until December 2023, 1 shuttle tanker secured until June 2025, and 2 vessels secured until December 2025:

fleet

CSIA website

Earnings:

AMSC is not an earnings growth engine, but rather a stable income driver, with consistent revenue, EBITDA and EBIT, which supports its quarterly distributions. Adjusted net income can be lumpy at times, due to expense timing issues.

AMSC’s share count, which has been stable at around 60.6 million since at least 2017, could face an 18% dilution, if a private placement of 11.24 million shares is approved at a a shareholders’ meeting in October.

ttm

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Dividends:

At its price per share of $3.86 on 9/15/22, AMSC has a very attractive dividend yield of 12.44%.

AMSC usually goes ex-dividend in February-March/May/August/November. schedule and pays in March/June/Sept./Dec. program. It should be ex-dividend on ~11/25/22, with a payment date ~12/6/22.

div

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On an EBDA basis, earnings before amortization and amortization, AMSC’s dividend payout ratio has been very stable, ranging between 51.59% and 55.11% per quarter. The average payout ratio is 52.90%, which equates to a dividend coverage ratio of 1.89X.

CVG div

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Taxes:

AMSC had approximately $467.8 million of federal net operating losses carried forward in its U.S. subsidiaries as of 12/31/21, of which approximately $151.7 million is subject to certain IRS limitations. It also had ~$62.9 million in net operating losses carried forward in Norway as of 12/31/21.

Profitability and leverage:

AMSC saw a good increase in ROE in 2022, surpassing pre-pandemic levels. ROA also increased slightly. Net debt/EBITDA improved slightly, while debt/equity is a bit higher. However, EBITDA/interest coverage is currently much stronger, at 2.63X, compared to 1.81X in Q4 20.

AMSC’s debt-to-equity leverage is well below general industry averages, while its net debt-to-EBITDA leverage is above average.

deer

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Debt:

Management repaid $13.4 million of debt in the first half of 2022, reducing the debt balance by 4.5% compared to 06/30/21. AMSC was in compliance with all of its debt covenants as of June 30, 2022. All of AMSC’s debt matures in 2025.

debt

CSIA website

AMSC has 2 credit facilities: a 5-year $160 million term loan/credit facility with BNP Paribas, secured by 5 vessels; and a $145 million loan over 5 years with Prudential:

credit

CSIA website

Estimates:

While its P/Book and P/Sales are above the average values ​​for the entire shipping industry, where ASCJF looks very undervalued is in its price/EBDA per share of 4.06X , which is well below the industry average of 15.45X.

ASCJF is also cheaper on an EV/EBITDA basis, at 8.43X, versus the 12.04X industry average. Moreover, its distribution coverage of 1.89X is higher than the industry average of 1.62X.

bp

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Outlook:

“As demand for clean transport has returned to pre-pandemic levels, it is the emerging trade in renewable diesel driving demand and time charter rates. AMSC currently has 5 vessels in this trade – this could increase to 7 vessels in the short term.

The renewable energy trade consists of transporting biofuels from the US Gulf to the US West Coast and is necessary for US West Coast states to meet certain carbon emissions targets. The round trip from the US Gulf to the US West Coast takes over 30 days and therefore the longest in the Jones Act, meaning additional ton-miles for the fleet.

Market (vessel) supply remains stable, with limited US shipyard capacity and rising construction costs, making it “New construction is unlikely to enter the market in the coming years.” (AMSC website) (emphasis added).

Parting Thoughts:

American Shipping Company ASA is a classic hidden dividend stock – with little media coverage (the most recent article on Seeking Alpha was by U.S as of Q3 2019), no Wall St. analyst coverage, and its earnings presentations/calls are also not listed on SA.

Potential stock dilution coming in early October could offer cheaper entry prices for new investors. On the earnings side, the acquisition of a new vessel in Q4 22 should offset some of the dilution effect on earnings per share and cash flow/share in Q4 22. We rate ASCJF a long-term BUY , but let’s wait after the dilution.

If you’re interested in other high-performance vehicles, we’ve got them covered every Friday and Sunday in our items.

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Timely Stock Sale Nets Archer Daniels Midland CEO $14 Million https://sofrelop.com/timely-stock-sale-nets-archer-daniels-midland-ceo-14-million/ Fri, 16 Sep 2022 21:03:54 +0000 https://sofrelop.com/timely-stock-sale-nets-archer-daniels-midland-ceo-14-million/ A timely stock sale saved the top Archer-Daniel-Midland Co. executive up to $2 million this month. CEO Juan Luciano acquired and sold 284,531 shares of his company on September 9, according to a Security and Exchange Commission Filing. As part of a board-approved executive compensation plan, Luciano purchased the stock at a discount – approximately […]]]>

A timely stock sale saved the top Archer-Daniel-Midland Co. executive up to $2 million this month.

CEO Juan Luciano acquired and sold 284,531 shares of his company on September 9, according to a Security and Exchange Commission Filing. As part of a board-approved executive compensation plan, Luciano purchased the stock at a discount – approximately $39.34 per share.

Luciano receives $91.20 per share. All in all, the move earned him around $14.8 million.

The CEO wouldn’t have made so much money if he had waited to execute the stock options. ADM’s stock price fell rapidly on September 12, the next trading day, falling to $87.09. The stock continued to fall throughout the week, hitting $84.33 on Friday afternoon.

After: Why did the Iowa ADM wheat mill close? Former workers say manager buyouts led to sewage crisis

If Luciano had sold at the bottom of the decline, his trades would have earned him about $13.6 million, about $1.2 million less than what he received. The value would have dropped another $800,000 by the end of the week.

Chicago-based ADM, which processes and sells commodities like corn and soybeans and has several facilities in Iowa, has performed well in the stock market this year. The stock price rose 30% in 2022 and hit an all-time high of $98.22 per share on April 20.

Luciano, CEO since 2015, received about $23.5 million last year. Of his compensation, about two-thirds came in the form of ADM shares.

The board has agreed to pay stock and other bonuses to executives based on the company’s achievement of certain financial goals, such as return on investment.

Tyler Jett covers jobs and the economy for the Des Moines Register. Join it at tjett@registermedia.com515-284-8215, or on Twitter at @LetsJett.

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The Dow rises 100 points as Wall Street tries to rally after the worst day since June 2020 https://sofrelop.com/the-dow-rises-100-points-as-wall-street-tries-to-rally-after-the-worst-day-since-june-2020/ Wed, 14 Sep 2022 14:33:00 +0000 https://sofrelop.com/the-dow-rises-100-points-as-wall-street-tries-to-rally-after-the-worst-day-since-june-2020/ Shares edged higher on Wednesday as investors tried to regain their footing after the biggest one-day drop in more than two years. The Dow Industrial Average gained 108 points, or 0.4%. The S&P 500 rose 0.5% and the Nasdaq Composite rose about 0.6%. Apple and Johnson & Johnson rose more than 1% to support the […]]]>

Shares edged higher on Wednesday as investors tried to regain their footing after the biggest one-day drop in more than two years.

The Dow Industrial Average gained 108 points, or 0.4%. The S&P 500 rose 0.5% and the Nasdaq Composite rose about 0.6%.

Apple and Johnson & Johnson rose more than 1% to support the Dow Jones, but Honeywell and Boeing fell more than 1% each.

The Dow sank more than 1,200 points on Tuesday, or almost 4%, while the S&P 500 lost 4.3%. The Nasdaq Composite fell 5.2%. It was the biggest one-day drop for all three averages since June 2020.

The market moves came after August’s Consumer Price Index report showed headline inflation rose 0.1% on a monthly basis despite lower gasoline prices.

The hot inflation report left questions over whether stocks could return to their June lows or fall even further. It also sparked some fears that the Federal Reserve could potentially hike even more than the 75 basis points the markets are pricing.

“Tuesday’s selloff reminds us that a sustained recovery will likely require clear evidence that inflation is on a downtrend. With macroeconomic and political uncertainty elevated, we expect markets to remain volatile in coming months,” said Mark Haefele, CIO of UBS Global. Wealth Management, said in a note to clients.

All 30 Dow Jones stocks and S&P 500 sectors ended the session lower, dragged lower by communications services. The sector fell 5.6% and ended its worst day since February, led by shares of big tech names like Netflix and Meta Platforms, which fell around 7.8% and 9.4%, respectively.

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Why Sea Limited Stock exploded higher on Monday https://sofrelop.com/why-sea-limited-stock-exploded-higher-on-monday/ Mon, 12 Sep 2022 22:05:57 +0000 https://sofrelop.com/why-sea-limited-stock-exploded-higher-on-monday/ What happened Sea Limited (SE 4.66%) was sailing well above the waves at the start of the trading week. Shares of the Singapore-based specialty technology company closed nearly 5% higher on Monday as investors welcomed an analyst’s positive view on their company’s exit from some tough markets. So what That report was published by Reuters, […]]]>

What happened

Sea Limited (SE 4.66%) was sailing well above the waves at the start of the trading week. Shares of the Singapore-based specialty technology company closed nearly 5% higher on Monday as investors welcomed an analyst’s positive view on their company’s exit from some tough markets.

So what

That report was published by Reuters, which wrote on Friday morning that Sea’s e-commerce operation, Shopee, would significantly reduce business in several major Latin American markets. Citing “people familiar with the matter,” the news agency said Shopee was to close its local operations in Mexico, Colombia and Chile, and would exit Argentina altogether. Additionally, Sea’s gaming division, Garena, will lay off hundreds of workers in Shanghai.

Reuters cited an internal company email it had seen, written by Shopee chief executive Chris Feng, which said that “in light of the current elevated macroeconomic uncertainty”, there is a need for the company to “focus resources on core operations”.

An eminent observer of the sea, Morgan Stanley analyst Mark Goodridge reiterated his bullish view on the company’s stock on Friday night.

In a new research note, he said he was maintaining his recommendation to overweight (read: buy) the stock and his price target of $123 per share. Goodridge pointed out that the gross value of goods from the four countries only represents about 3% market share. He estimated that withdrawing from those markets could save Sea about $180 million in expenses.

Now what

While it’s never particularly encouraging to hear about a company pulling out of a major region of the world, Sea continues to struggle, so perhaps pulling out and consolidating is an appropriate strategy at this time. Investors certainly like the idea of ​​the company shrinking its global footprint, at least for now.

Eric Volkman has no position in the stocks mentioned. The Motley Fool holds positions and recommends Sea Limited. The Motley Fool has a disclosure policy.

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Bajaj Finserv will become estranged this week. 10 key points https://sofrelop.com/bajaj-finserv-will-become-estranged-this-week-10-key-points/ Sun, 11 Sep 2022 06:22:45 +0000 https://sofrelop.com/bajaj-finserv-will-become-estranged-this-week-10-key-points/ Bajaj Finserv stock split: Shares of NBFC giant Bajaj Finserv are set to be split this week. The company will divide one existing capital share into five capital shares. Prior to the stock split and bonus issuance, Bajaj Finserv shares had a volatile week from September 5-9. However, within a month, shares of Bajaj Finserv […]]]>

Bajaj Finserv stock split: Shares of NBFC giant Bajaj Finserv are set to be split this week. The company will divide one existing capital share into five capital shares. Prior to the stock split and bonus issuance, Bajaj Finserv shares had a volatile week from September 5-9. However, within a month, shares of Bajaj Finserv soared nearly 10% on Dalal Street, making many investors rich. The stock still has further upside potential in the future.

Last week on Friday, shares of Bajaj Finserv closed at 17,202.65 each less 178.80 or 1.03%. The market capitalization of the company is approximately 2 74,006.47 crore.

In one month (August 10 to September 9), the stock gained almost 10%. In August, shares of Bajaj Finserv were among the best performers on Sensex and Nifty 50 with nearly 13% up each.

Here are 10 key points from the Bajaj Finserv stock split

1. NBFC will divide each existing share capital having a par value of 5 each into five capital shares with a par value of 1 st per fully paid-up capital share. The stock split ratio is 5:1.

2. Bajaj Finserv has set September 14 as the record date for determining shareholders eligible for the stock split benefit.

3. So the ex-stock split date is September 13th. In general terms, the ex-split is the date when a stock is traded without the benefit of the corporate action, in this case, the stock split. The ex-split date is one or two days before the check-in date.

4. On its website, ICICI Direct stated that if you buy Bajaj Finserv shares on September 12, those shares should be credited to your Demat account on September 14 (i.e. the record date) , thus making you eligible for the bonus and the split.

5. Among the many benefits of stock splits is that these stocks become more affordable for existing and new investors. In addition, this decision strengthens the liquidity of the listed company. Through the stock split, Bajaj Finserv plans to encourage potential small shareholders to participate in the company’s future.

6. Justifying the stock split, Bajaj Finserv said last month that the company and its subsidiaries had experienced significant growth, in terms of business and performance, over the years. This is reflected in the company’s share price, which peaked at Rs. 19,325 in October 2021. Since then, the price has hovered around 12,200. Currently, retail/individual shareholders represent 98% of the total number of shareholders holding approximately 17.52% of the paid-up value of the shares. Among its peers, the Company’s share price is one of the highest while having one of the smallest capital bases. As the stock price increases, it will be increasingly difficult for potential small shareholders to participate in the future of the company.

7. In a stock split, the listed company increases the number of shares outstanding by issuing more shares to eligible shareholders. The stock split also decreases the market price of individual stocks, but does not cause the market capitalization of the company to change. In the case of Bajaj Finserv, an eligible shareholder will receive 5 shares on their only existing share, thereby increasing the number of Bajaj Finserv shares in their portfolio. The price of Bajaj Finserv shares will also become cheaper and affordable for new and existing investors.

7. According to market guidelines, a company can only set a record date for corporate actions such as dividends, stock splits and bonus issues after receiving shareholder approval. Bajaj Finserv received approval on September 2 for the stock split by postal vote of company members.

9. As of June 30, 2022, according to the shareholding scheme, Bajaj Finserv has 2,99,380 shareholders with 15,91,37,444 fully paid shares.

10. The company expects to complete the stock split process no later than September 26, according to the regulatory filing. However, the company had also informed the exchanges that “14,417 shares of the par value of 5 acquired rights are suspended. If a complaint is received and processed by the Company, the pre and post-issued, paid-up and subscribed capital will undergo modifications to this effect.

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