Avago Technologies (AVGO) looked like a promising investment at the end of last year, and the company has delivered on it so far in 2014. Since the beginning of 2014, the stock has surged nearly 38% on the back of growing smartphone markets. But this stellar performance has made Avago shares expensive at 29 times trailing earnings, while the dividend yield has come down to 1.70%.
Moreover, the stock is trading close to its 52-week high, and Avago investors might be wondering if the stock is worth holding on to anymore. Well, the answer is that it is. Avago�� key clients Apple (AAPL) and Samsung (SSNLF) are going to take the smartphone war to the next level this year. Since Avago plays from both sides, there's a high probability that it will see solid revenue and earnings growth this fiscal year as well.
Smarter phones for smart people
Since Avago's wireless communications business accounts for half of its top line, the boost that it is supposed to receive from Apple and Samsung will play a big role in its financial performance. In fact, in the previous quarter, despite subdued production of Apple's iPhones, Avago managed to increase its wireless revenue, year over year. This was down to "sustained demand from a large OEM customer," which could be Samsung as it is ramping up production and sale of the Galaxy S5.
Top Building Product Stocks To Watch Right Now: News Corporation(NWS)
News Corporation operates as a diversified media company worldwide. Its Cable Network Programming segment produces and licenses news, business news, sports, general entertainment, and movie programming for distribution through cable television systems and direct broadcast satellite operators primarily in the United States, Latin America, Europe, and Asia. The company?s Filmed Entertainment segment produces and acquires live-action and animated motion pictures for distribution and licensing in entertainment media, as well as produces and licenses television programming worldwide. Its Television segment operates 27 broadcast television stations in the United States. The company?s Direct Broadcast Satellite Television segment distributes programming services via satellite and broadband directly to subscribers in Italy. Its Publishing segment provides newspapers and information services, such as publishing national newspapers in the United Kingdom, approximately 146 newspape rs in Australia, and a metropolitan and a national newspaper in the United States; book publishing services, including the publishing of English language books worldwide; and integrated marketing services comprising the publishing of free-standing inserts, which are marketing booklets containing coupons, rebates, and other consumer offers, as well as provides in-store marketing products and services, primarily to consumer packaged goods manufacturers in the United States and Canada. The company also sells advertising, sponsorships, and subscription services on the company?s various digital media properties and outdoor advertising space on various media primarily in Russia and eastern Europe; and provides data systems and professional services that enable teachers to use data to assess student progress and deliver individualized instructions. News Corporation was founded in 1922 and is headquartered in New York, New York.
Advisors' Opinion:- [By Eric Bleeker, CFA, Lyons George, and Alison Southwick]
Finally, parent company�News Corp.� (NASDAQ: NWS ) could even start a cable network based solely on the show. Such an idea is far from crazy, as the company's COO has said at investor conferences that the idea has been considered.�
- [By Holly LaFon]
A good example of knowing the investment universe would be News Corporation (NWS). Several years ago we had a big position in Liberty Media which itself was a large shareholder of News Corporation, so we studied the company thoroughly. In 2008 News Corp�� shares fell with the decline in the market and the media sector got hit especially hard. We took the opportunity to establish a position in the shares when the price became attractive. As we like to say at the firm, ��t�� almost all about the price.��/p>
- [By Holly LaFon]
Some of Elliott Management�� top equity positions in the first quarter 2012 are Brocade Communications Systems (BRCD), Delphi Automotive (DFG), Iron Mountain (IRM) and News Corp. (NWS).
5 Best Promising Stocks To Watch For 2014: Athlon Energy Inc (ATHL)
Athlon Energy Inc., incorporated on April 1, 2013, is an independent exploration and production company. The Company is a holding company and its sole assets are controlling equity interests in Athlon Holdings LP and its subsidiaries. The Company is focused on the acquisition, development and exploitation of unconventional oil and liquids-rich natural gas reserves in the Permian Basin. The Permian Basin spans portions of Texas and New Mexico and consists of three primary sub-basins: the Delaware Basin, the Central Basin Platform and the Midland Basin. The Company�� properties are located in the Midland Basin. Its drilling activity is focused on the vertical development of stacked pay zones, including the Spraberry, Wolfcamp, Cline, Strawn, Atoka and Mississippian formations, which it refers to collectively as the Wolfberry play. The Company's acreage position was 124,925 gross at May 31, 2013, which it grousp into three primary areas based on geographic location within the Midland Basin: Howard, Midland and Other and Glasscock. As of April 30, 2013, the Company operated up to eight vertical drilling rigs and has drilled 218 gross operated vertical Wolfberry wells. In February 2014, Athlon Energy Inc announced that subsidiary, Athlon Holdings LP completed the acquisition of certain oil and natural gas properties and related assets in the Midland Basin of West Texas.
As of March 15, 2013, there were 478 total rigs operating in the Permian Basin. The Company�� properties are located within the Midland Basin in areas with approximately 3,000 feet to 4,000 feet of stacked pay zones. Its vertical drilling program is targeting the Spraberry, Wolfcamp, Cline, Strawn, Atoka and Mississippian formations.
Howard
The Company operates four rigs in this area. As of May 31, 2013, the Company had 69,661 gross acres and an inventory of 1,577 gross (1,140 net) identified vertical drilling locations on 40-acre spacing and an additional 1,741 gross identified vertical drilling ! locations on 20-acre spacing. As of April 30, 2013, it had identified 506 gross horizontal drilling locations consisting of 147 gross Wolfcamp A locations, 172 gross Wolfcamp B locations, 25 gross Wolfcamp C locations, 111 gross Cline locations and 51 gross Mississippian locations.
Midland and Other
The Company operates two rigs in this area. As of May 31, 2013, the Company had 36,694 gross acres and an inventory of 424 gross (390 net) identified vertical drilling locations on 40-acre spacing and an additional 463 gross (414 net) identified vertical drilling locations on 20-acre spacing. As of April 30, 2013, it has identified 352 gross horizontal drilling locations consisting of 64 gross Wolfcamp A locations, 125 gross Wolfcamp B locations, 97 gross Wolfcamp C locations and 66 gross Cline locations.
Glasscock
The Company operates one rig in this area. As of May 31, 2013, it had 18,570 gross net acres and an inventory of 297 gross (267 net) identified vertical drilling locations on 40-acre spacing and an additional 400 gross identified vertical drilling locations on 20-acre spacing. As of April 30, 2013, it had identified 232 gross horizontal drilling locations consisting of 54 gross Wolfcamp A locations, 58 gross Wolfcamp B locations, 58 gross Wolfcamp C locations and 62 gross Cline locations.
Advisors' Opinion:- [By Matt Jarzemsky var popups = dojo.query(".socialByline .popC"); popups.forEach]
The drillers considered to be Parsley�� closest peers include Diamondback Energy Inc.(FANG), which has seen its shares rally 38% so far this year through Thursday. Athlon Energy Inc.(ATHL), another similar company, is up 43% this year and 116% since its August IPO.
5 Best Promising Stocks To Watch For 2014: Providence Resources Corp (PV)
Providence Resources Corp. (Providence) is a Canada-based exploration stage company engaged in the evaluation and exploration of its interests in the Iron Range property (the property) located in south-eastern British Columbia near the community of Creston. The Iron Range Project is located near Creston, in Southeastern British Columbia, and spans 56,200 hectares (560 square kilometers). The project is a Joint Venture between Providence Resources (60%) and Eagle Plains Resources Ltd (40%) and has no underlying royalties or encumbrances. The Iron Range property covers over 50 kilometers(km) strike length of the Iron Mountain Fault (IMF) complex which consists of a number of north-striking faults which occur across an east-west extent of about three kilometers and a strike extent of approximately 90 kilometers. Advisors' Opinion:- [By John McCamant]
Of interest, INCY's guidance assumes no meaningful contribution from a Jakafi approval in polycythemia vera (PV), which could occur before yearend. PV is a type of blood cancer.
- [By Aaron Levitt]
The last few weeks haven�� been great for Chinese manufacturers of photovalic (PV) panels. Share prices for key solar panel producers like Trina Solar (TSL) and Yingli Green Energy (YGE) have basically imploded since reaching March highs. YGE alone is down about 40% since then.
5 Best Promising Stocks To Watch For 2014: Middlesex Water Co (MSEX)
Middlesex Water Company (Middlesex), incorporated in 1897, is a water utility company. The Company owns and operates regulated water utility and wastewater systems in New Jersey, Delaware and Pennsylvania. Middlesex also operates water and wastewater systems under contract on behalf of municipal and private clients in New Jersey and Delaware. It operates in two segments: Regulated and Non-Regulated. During the year ended December 31, 2011, its Regulated segment contributed approximately 90% of total revenues. The Regulated segment consists of collecting, treating and distributing water on a retail and wholesale basis to residential, commercial, industrial and fire protection customers in parts of New Jersey, Delaware and Pennsylvania. This segment also includes regulated wastewater systems in New Jersey and Delaware. The Non-Regulated segment consists of non-regulated contract services for the operation and maintenance of municipal and private water and wastewater systems in New Jersey and Delaware.
The Company�� subsidiaries include Tidewater Utilities, Inc. (Tidewater) and Tidewater�� wholly owned subsidiaries, Southern Shores Water Company, LLC (Southern Shores) and White Marsh Environmental Systems, Inc. (White Marsh). Its other subsidiaries are Pinelands Water Company (Pinelands Water) and Pinelands Wastewater Company (Pinelands Wastewater) (collectively, Pinelands), Utility Service Affiliates, Inc. (USA), Utility Service Affiliates (Perth Amboy) Inc., (USA-PA), Tidewater Environmental Services, Inc. (TESI) and Twin Lakes Utilities, Inc. (Twin Lakes).
Middlesex System
The Middlesex System in New Jersey provides water services to approximately 60,000 retail customers, primarily in eastern Middlesex County, New Jersey and provides water under wholesale contracts to the City of Rahway, Townships of Edison and Marlboro, the Boroughs of Highland Park and Sayreville and the Old Bridge Municipal Utilities Authority. The Middlesex System treats, stores and dis! tributes water for residential, commercial, industrial and fire prevention purposes. The Middlesex System also provides water treatment and pumping services to the Township of East Brunswick under contract. The Middlesex System produced approximately 64% of its 2011 consolidated operating revenues.
The Middlesex System�� retail customers are located in an area of approximately 55 square miles in Woodbridge Township, the City of South Amboy, the Boroughs of Metuchen and Carteret, portions of the Township of Edison and the Borough of South Plainfield in Middlesex County and, to a minor extent, a portion of the Township of Clark in Union County. Retail customers include a mix of residential customers, industrial concerns and commercial and light industrial facilities.
The contract customers of the Middlesex System comprise an area of approximately 146 square miles with a population of approximately 303,000. Contract sales to Edison, Sayreville, Old Bridge, Marlboro and Rahway are supplemental to the existing water systems of these customers. The Middlesex System provides treated surface water under long-term agreements to East Brunswick, Marlboro, Old Bridge and Sayreville. Middlesex provides water service to approximately 300 customers in Cumberland County, New Jersey. Its Middlesex System, which produced approximately 15.6 billion gallons in 2011, obtains water from surface sources and wells, or groundwater sources.
Tidewater System
Tidewater, together with its wholly owned subsidiary, Southern Shores, provides water services to approximately 36,000 retail customers for domestic, commercial and fire protection purposes in over 300 separate community water systems in New Castle, Kent and Sussex Counties, Delaware. White Marsh is an additional wholly owned subsidiary that is unregulated as to rates and operates water and wastewater systems under contract for approximately 4,700 residential customers. White Marsh also owns the office buildings that Tid! ewater us! es as its central business office campus. The Tidewater System produced approximately 25% of its 2011 consolidated operating revenues. Its Tidewater System produced approximately 2 billion gallons in 2011 from 159 wells.
Utility Service Affiliates-Perth Amboy
Utility Service Affiliates-Perth Amboy (USA-PA) operates the City of Perth Amboy, New Jersey�� water and wastewater systems under a 20-year agreement, which expires in 2018. USA-PA serves approximately 11,000 homes and businesses, most of which are served by both the water and wastewater systems. USA-PA produced approximately 9% of its 2011 consolidated operating revenues.
Pinelands System
Pinelands Water provides water services to approximately 2,500 residential customers in Burlington County, New Jersey. Pinelands Water produced less than 1% of its 2011 consolidated operating revenues. Pinelands Water is not physically interconnected with the Middlesex System. Pinelands Wastewater provides wastewater services to approximately 2,400 residential customers. Under contract, it also services one municipal wastewater system in Burlington County, New Jersey with approximately 200 residential customers. Water supply to its Pinelands System is derived from four wells, which produced approximately 159.1 million gallons in 2011.
Utility Service Affiliates, Inc.
Utility Service Affiliates, Inc. (USA) offers residential customers in New Jersey and Delaware water service line and sewer lateral maintenance programs (LineCare). USA produced less than 1% of its 2011 consolidated operating revenues.
TESI System
TESI provides wastewater services to approximately 2,200 residential retail customers in Delaware. TESI produced approximately 1% of its 2011 consolidated operating revenues. The TESI System treated approximately 76.8 million gallons in 2011. The TESI System consists of seven wastewater treatment systems in Southern Delaware.
Twin Lakes Sys! tem
Twin Lakes provides water services to approximately 120 residential customers in Shohola, Pennsylvania. Twin Lakes produced less than 1% of its 2011 consolidated operating revenues. Water supply to Twin Lakes��customers is derived from two wells, which delivered approximately 26.6 million gallons in 2011.
Advisors' Opinion:- [By Lawrence Meyers]
WGL serves about 170,000 customers in the Mid-Atlantic. So as you can see, it�� a broadly diversified dividend stock, and that�� one reason it has paid a dividend for 37 years. The dividend yield for WGL stock is presently at 4.4%.
Middlesex Water Company (MSEX)Dividend yield: 3.7%
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