Source: thinkstockAugust 21, 2013: Markets opened mixed this morning as traders and investors waited for the afternoon�� release of the July FOMC meeting minutes. Existing home sales rose more than expected in July. A report on mortgage applications showed a decline, however, as interest rate increases continue to slow the number of refinancings. The U.S. crude inventory fell last week, and crude spot prices for October delivery dropped 1.2% today to $103.85.
European closed lower today, while Latin American and Asian markets markets closed mixed.
The FOMC minutes did not reveal anything unexpected. But then, they never really do. Markets reacted with a buying spurt on the inference that the Fed�� asset purchases wouldn�� stop next month, but the uptick was short-lived.
5 Best Defensive Stocks To Own For 2015: Ctrip.com International Ltd.(CTRP)
Ctrip.com International, Ltd., together with its subsidiaries, provides travel services for hotel accommodations, airline tickets, and packaged tours in the People?s Republic of China. It also sells independent leisure travelers bundled package-tour products, which include transportation and accommodation, as well as guided tours covering various domestic and international destinations. In addition, the company offers Internet-related advertising, aviation casualty insurance, and air-ticket delivery services. Further, it sells Property Management System, a hotel information software; travel guidebooks, which provide information for independent travelers; and VIP membership cards that allow cardholders to receive discounts from various restaurants, clubs, and bars. The company was founded in 1999 and is headquartered in Shanghai, the People?s Republic of China.
Advisors' Opinion:- [By MONEYMORNING.COM]
The three largest holdings for PGJ are Baidu, Ctrip.com International Ltd. (Nasdaq ADR: CTRP), and Qihoo 360 Technology Co. Ltd. (NYSE: QIHU).
Ctrip.com is an online travel company that helps clients book hotel accommodations and airline tickets in China, while Qihoo is a Chinese Internet and mobile security company with more than 328 million monthly active users.
- [By Victor Selva]
The company has a current ratio of 10.85% which is higher than the ones registered by E-Commerce China Dangdang, Vipshop Holdings Limited, Asure Software, Inc. and Monster Worldwide, Inc. But for investors looking for a higher ROE, Bitauto Holdings and Ctrip.com International, Ltd. (CTRP) could be better options.
- [By Jim Jubak]
Among stocks that are available to US investors through a listing in New York, the list includes Ctrip.com International (CTRP), China's biggest online travel retailer; Qihoo 360 (QIHU), a leading mobile security company; 58.com (WUBA), the Craigslist-like operator of a classified site, and SouFun Holdings (SFUN), the owner of China's biggest real-estate site.
- [By Shareholders Unite]
The Chinese travel agency Ctrip (CTRP) has been one of our best performers in the past 12 months. The shares more than tripled since we first suggested a buy at $13.69 almost exactly a year ago.
Best Asian Companies To Invest In Right Now: Osiris Therapeutics Inc.(OSIR)
Osiris Therapeutics, Inc., a stem cell company, focuses on the development and marketing of therapeutic products to treat various medical conditions in the inflammatory, autoimmune, orthopedic, and cardiovascular areas. It operates in two business segments, Therapeutics and Biosurgery. The Therapeutics segment focuses on developing biologic stem cell drug candidates from a readily available and non-controversial source, adult bone marrow. The Biosurgery segment works to harness the ability of cells and novel constructs to promote the body's natural healing. This segment focuses on developing biologic products for use in surgical procedures. The company?s lead biologic drug candidate is Prochymal, which is in phase 2 and 3 clinical trails for various indications, including acute graft versus host disease (GvHD), Crohn's disease, acute myocardial infarction, type 1 diabetes, pulmonary disease, and gastrointestinal injury resulting from radiation exposure. Its biologic drug candidates also include Chondrogen, a preparation of adult mesenchymal stem cells that is in phase 2 clinical trials for osteoarthritis and cartilage protection. The company has collaboration agreements with Genzyme Corporation for the development and commercialization of Prochymal and Chondrogen in various countries except in the United States and Canada. It also has a partnership with Juvenile Diabetes Research Foundation for the development of Prochymal as a treatment for the preservation of insulin production in patients with newly diagnosed type 1 diabetes mellitus. Osiris Therapeutics, Inc. was founded in 1992 and is headquartered in Columbia, Maryland.
Advisors' Opinion:- [By Lauren Pollock]
Osiris Therapeutics Inc.(OSIR) said Friday a proposed ruling from the Centers for Medicare and Medicaid Services won’t immediately affect reimbursements for its Grafix stem-cell product. The regenerative medicine company said Grafix will maintain its current reimbursement status — also called transitional pass-through status — potentially through late 2015.
- [By Alexander Maxwell]
One of the companies attempting to develop a better treatment for chronic diabetic foot ulcers is Osiris Therapeutics� (NASDAQ: OSIR ) . Earlier this month, Osiris shares more than doubled as the company announced positive data for its CDFU drug Grafix. The study results were very impressive to say the least; the study was stopped early due to the overwhelming efficacy exhibited by the treatment. A main highlight is the fact that 62% of Grafix patients had their wound closed at 12 weeks, compared to only 21% of patients using conventional methods. Clearly, the efficacy in this endpoint was overwhelming. Grafix also achieved all of the secondary endpoints for the trial, and more importantly demonstrated a relatively benign safety record.�
Best Asian Companies To Invest In Right Now: Synnex Corporation(SNX)
SYNNEX Corporation provides distribution and business process outsourcing (BPO) services to resellers, retailers, and original equipment manufacturers (OEMs) worldwide. The company operates in two segments, Distribution Services and Global Business Services (GBS). The Distribution Services segment distributes information technology (IT) products, including IT systems, peripherals, system components, software, networking equipment, consumer electronics, and complementary products in the United States, Canada, Japan, and Mexico. This segment also offers contract assembly services, such as systems design, build-to-order, configure-to-order, and assembly capabilities; value-added services comprising kitting, reconfiguration, asset tagging, and hard drive imaging for government and healthcare sectors; and specialized services in print management, renewals, and networking. The GBS segment offers a range of BPO services, including customer management, renewals management, back of fice processing, and IT outsourcing on a global platform comprising technical support, demand generation, and marketing and administration services through voice, chat, Web, email, digital print, and social media. SYNNEX Corporation also provides logistics services, such as outsourced fulfillment, virtual distribution and direct ship to end-users; financing services consisting of net terms, third party leasing, floor plan financing, letters of credit backed financing, and arrangements; marketing services comprising direct mail, external media advertising, reseller product training, targeted telemarketing campaigns, national and regional trade shows, database analysis, print on demand services, and Web-based marketing; and online and technical support services. The company was formerly known as SYNNEX Information Technologies, Inc. and changed its name to SYNNEX Corporation in October 2003. SYNNEX Corporation was founded in 1980 is headquartered in Fremont, California.
Advisors' Opinion:- [By Garrett Cook]
Shares of SYNNEX (NYSE: SNX) were down 5.46 percent to $69.89 after the company issued a downbeat outlook for the third quarter. It expected adjusted earnings of $1.45 to $1.50 per share on revenue of $3.3 billion to $3.4 billion. Analysts were projecting earnings of $1.53 per share on revenue of $3.29 billion.
- [By Laura Brodbeck]
Next week investors will be waiting for several key earnings reports including Synnex (NYSE: SNX), Micron Technology (NYSE: MU), and UTi Worldwide (NASDAQ: UTIW).
- [By Jayson Derrick]
After the closing bell on Thursday, SYNNEX (NYSE: SNX) reported its first quarter results. The company announced an EPS of $1.25, beating the consensus estimate of $0.94 million. Revenue of $3.02 billion beat the consensus estimate of $ 2.77 million. Net income for the quarter rose to $38.46 million from $33.391 million in the same quarter last year while operating margin slipped 22 bps year over year to 2.05 percent. Synnex issued guidance and expects its second quarter revenue to be $3.1 billion to $3.2 billion, above the consensus estimate of $3.01 billion. The company is also guided its EPS to be $1.34 to $1.38, above the consensus estimate of $1.14. Shares hit new 52 week highs of $79.44 before closing the day at $76.94, up 23.26 percent.
- [By Monica Gerson]
SYNNEX (NYSE: SNX) is expected to post its Q2 earnings at $1.36 per share on revenue of $3.17 billion.
Posted-In: Earnings scheduleEarnings News Pre-Market Outlook Markets
Best Asian Companies To Invest In Right Now: Buhler Industries Inc (BIIAF.PK)
Buhler Industries Inc. is a manufacturer of a range of agricultural equipment marketed throughout North America under three primary brand names Versatile, Allied, and Farm King. The Company�� principal products are tractors, self-propelled and pull-type sprayers, frontend loaders, grain augers, snow blowers, tillers, finishing mowers, feed processing equipment, seeding and tillage equipment and hay and forage equipment. The Company�� factories include the Winnipeg (Clarence) factory, the Morden, Manitoba factory, the Winnipeg (Regent) factory, the Bradley Steel Processors��factory, the Fargo factory, the Salem factory, the Willmar factory and the Vegreville factory. The Company�� subsidiaries include John Buhler Inc., Progressive Manufacturing Ltd., Amarillo Service & Supply Inc., Haskett Properties Inc., Buhler Versatile Inc, Haskett Investments Ltd., Buhler Finance Inc. and Buhler Ezee-On, Inc. Advisors' Opinion:- [By Seth Barkett]
Buhler Industries Inc. (BIIAF.PK) is headquartered in Winnipeg, Manitoba, Canada. The company was established in 1932 as an agricultural equipment manufacturer. It was purchased by John Buhler in 1969 and in 2007, Combine Factory Rostselmash Ltd. acquired 80% of the company's stock. Through steady expansion, new products and distribution channels, and acquisitions, Buhler has experienced impressive growth. With seven manufacturing plants across Canada and the United States as well as a great collection of brands like Farm King, Allied, Inland, and Versatile, this vertically-integrated manufacturer is an excellent way to invest in the global agricultural boom.
Best Asian Companies To Invest In Right Now: Ishares Trust United States Treasury (TIP)
iShares Lehman TIPS Bond Fund (the Fund) seeks investment results that correspond generally to the price and yield performance of the inflation-protected sector of the United States Treasury market as defined by the Lehman Brothers U.S. Treasury TIPS Index (the Index). The Index includes all publicly issued, the United States Treasury inflation-protected securities that have at least one-year remaining to maturity, are rated investment grade and have $250 million or more of outstanding face value. In addition, the securities must be denominated in United States dollars and must be fixed-rate and non-convertible securities.
The Index is a market capitalization-weighted index. The Fund invests in a representative sample of the securities in the Index, which has a similar investment profile as the Index. The Fund�� investment advisor is Barclays Global Fund Advisor.
Advisors' Opinion:- [By Dan Caplinger]
But bond investments have seen huge losses. Consider how broad-based the bond-market massacre has been:
Broad measures of the overall bond market have shown definite signs of weakness, with iShares Core U.S. Bond (NYSEMKT: AGG ) falling more than 3% since the end of April and the actively managed PIMCO Total Return (NYSEMKT: BOND ) down almost 4% over that time frame. Longer-term-focused bonds have posted even worse results, with iShares 20+ Treasury (NYSEMKT: TLT ) having fallen more than 8% since late April. Inflation-protected bonds are generally seen providing some defense against rising interest rates, but iShares Barclays TIPS Bond (NYSEMKT: TIP ) has fallen by more than 7%. Even niche areas of the bond market have seen big losses, with the municipal-bond-focused iShares S&P Municipal Bond (NYSEMKT: MUB ) down almost 5%, while the emerging-market bond ETF WisdomTree Emerging Markets Local Debt has fallen 10%.A combination of factors has led to some of these declines, with the strong U.S. dollar hurting international bonds. But the driving force behind all of the drops comes from rising interest rates, and investors need to understand the threat that those rates pose to the future of their bond investments.
Best Asian Companies To Invest In Right Now: Quanex Building Products Corporation(NX)
Quanex Building Products Corporation provides engineered products and aluminum sheet products. Its Engineered Products segment produces window and door components for original equipment manufacturers that primarily serve the residential construction and remodeling markets. This segment?s products consist of insulating glass spacer/sealant systems, thin film solar panel sealants, window and patio door screens, aluminum cladding and other roll formed metal window components, thresholds and astragals, moldings, residential exterior products, engineered vinyl and composite patio doors, window profiles and custom window grilles, and trim and architectural moldings in various woods primarily for the home improvement and residential construction markets. The company?s Aluminum Sheet Products segment includes reducing reroll coil to specific gauge, annealing, slitting, and custom coating. This segment?s products are used in customer end-use applications comprising window screen fr ames and screens, exterior home trim, fascias, roof edgings, soffits, downspouts, and gutters in the building and construction markets, as well as capital goods and transportation markets. The company offers its products to original equipment manufacturers and distributors through direct and indirect sales groups primarily in the United States, Mexico, Canada, Asia, and Europe. Quanex Building Products Corporation is based in Houston, Texas.
Advisors' Opinion:- [By Seth Jayson]
Quanex Building Products (NYSE: NX ) reported earnings on June 7. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended April 30 (Q2), Quanex Building Products beat expectations on revenues and missed expectations on earnings per share. - [By Rich Smith]
On Tuesday, Ingersoll named Quanex Building Products (NYSE: NX ) CEO David�D. Petratis as the new chairman, president, and CEO of its soon-to-spin-off Allegion subsidiary. Petratis has served as chairman, president, and CEO of Houston-based Quanex since July 2008.
Best Asian Companies To Invest In Right Now: Siebert Financial Corp.(SIEB)
Siebert Financial Corp., through its subsidiary, Muriel Siebert & Co., Inc., engages in the retail discount brokerage and investment banking operations in the United States. The company provides Internet and traditional discount brokerage and related services to retail investors; independent retail execution services; and retail customer services. It also offers various self-directed retirement accounts, for which it acts as agent on various transactions; and lends customers a portion of the market value of certain securities held in the customer?s account through its clearing agent. In addition, the company, through its other subsidiary, Siebert Woman?s Financial Network, Inc., provides products, services, and information to serve women?s financial needs. Further, Siebert Financial Corp. offers equity execution services on an agency basis, as well as equity and fixed income underwriting and investment banking services to institutional investors, and issuers of equity a nd fixed-income securities. The company provides its discount brokerage services through a broker on the telephone, through a wireless device, or via the Internet. It maintains seven retail discount brokerage offices in New York; Jersey City, New Jersey; Boca Raton, Surfside, West Palm Beach, and Naples, Florida; and Beverly Hills, California. The company was founded in 1886 and is headquartered in New York, New York.
Advisors' Opinion:- [By Jon C. Ogg]
Muriel Siebert, founder of Siebert Financial Corp. (NASDAQ: SIEB), passed away over the weekend. Many new investors may not know her nor may they know just how important and influential she was on Wall Street and in the financial services industries. Ms. Siebert died at the age of 80 years old, and we wanted to list some of her accomplishments that have led to at least more equality among women in what had been a men-only club before she came on the stage.
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