Science in Sport Ltd. broke away from its parent company, Provexis Plc (PXS), and began trading today after an initial public offering as the maker of nutritional sports gels rides a surge in Britain�� Lycra-clad cyclists.
Provexis, a maker of nutritional additives, spun off the company so SiS could focus on expanding the market for Go brand gels, powders and bars. SiS rose 8 percent to 60.5 pence in London, giving the Windsor, England-based company a market value of about 11.7 million pounds ($18.1 million).
More Britons have taken up cycling than any other sport, according to Mintel International, the market research firm where the term Mamil -- middle-aged man in Lycra -- was coined in 2010. SiS Chief Executive Officer Stephen Moon, a former GlaxoSmithKline Plc (GSK) manager, became a Mamil himself to better understand his customers when he joined the company. He owns two carbon-fiber road bikes, a Legend Giau and a Legend HT9.5.
��hat do they say now, ��ycling is the new golf�� I don�� care what the phrase is, it�� working for us,��Moon said in an interview yesterday. ��e��e in a market that keeps growing.��
Top 5 Solar Stocks For 2015: MFS Multimarket Income Trust (MMT)
MFS Multimarket Income Trust (the Trust) is a closed-end fund and maintains a portfolio that includes investments in investment-grade and high-yield corporate bonds, United States Government securities, and international investment-grade and emerging markets debt securities. The Trust's investment objective is to seek high-current income, but may also consider capital appreciation. During the fiscal year ended October 31, 2007, shares of the Trust provided a total return of 5.19%, at net asset value, underperforming the Multimarket Income Trust Blended Index, the EMBI Global, Government/Mortgage and United States High-Yield indices.
The Trust is managed by Massachusetts Financial Services Company (MFS). MFS normally invests at least 80% of the fund's net assets in fixed income securities. MFS may also invest the fund's assets in equity securities. MFS may invest up to 100% of the fund's assets in lower quality debt instruments, including those that are in default. MFS may invest the fund's assets in United States and foreign securities, including emerging market securities.
Advisors' Opinion:- [By Aaron Levitt]
Perhaps more importantly for income seekers, due to the use of leverage, many CEFs pay above-average dividends — to the tune of 5 to 8%. Here are some of the best bargains in CEFs today.
MFS Multimarket Income Trust (MMT)Discount to NAV: 11.96%
Distribution Yield: 6.76%
5 Best International Stocks To Own Right Now: Tesla Motors Inc.(TSLA)
Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles and advanced electric vehicle powertrain components. It offers Tesla Roadster, an electric sports car. The company markets and sells its vehicles directly to consumers through the phone and Internet, as well as through its network of Tesla stores. It operates 18 Tesla stores located in Boulder, Chicago, Los Angeles, Menlo Park, Miami, New York, Newport Beach, San Jose, Seattle, Washington, D.C., Copenhagen, London, Milan, Monaco, Munich, Paris, Tokyo, and Zurich. The company was founded in 2003 and is headquartered in Palo Alto, California.
Advisors' Opinion:- [By Ben Levisohn]
Shares of Tesla Motors (TSLA) have fallen today. Is Janet Yellen to blame?
ReutersTo recap: During her testimony, Yellen said that while stocks generally don’t look very expensive, valuations for some “smaller firms in the social media and biotechnology industries” appear to be “substantially stretched.”� And with that, the Nasdaq Composite and small-company Russell 2000 tumbled.
Tesla, however, was already under pressure this morning, even before Yellen started talking. Some of that might be attributed to the news that BMW had struck a deal with Samsung SDI, who makes batteries for Apple (AAPL) and has recently expanded into the auto business, to spend billions of dollars on batteries for its cars. Competition here we come.
The selling accelerated as Yellen spoke however, suggesting that Tesla, which trades at 190.21 times 2014 earnings, might have been perceived as one of those pricey stocks, even if its not small, a biotech or social media company.
Tesla has fallen 3% to $219.92 at 11:37 a.m., while the Nasdaq Composite is off 0.7% at 4,408.92 and the Russell 2000 has dropped 0.8% to 1,156.61.
- [By Ben Levisohn]
If you’re thinking of buying shares of Tesla Motors (TSLA), you might do as well consulting a Magic 8 Ball as an analyst report. The reason: So much depends on predicting what will happen well into the future.
Associated PressConsider this report from FBR’s Aditya Satghare, who explains what Tesla needs to do to head higher:
While management did not provide any updates on target mix for 2014, the ramp up in international sales through the rest of 2014 remains important to meet full-year 2014 shipment volumes. We believe the key to growing U.S. sales sustainably from current levels remains the launch of new variants of the Model S, the launch of a traditional leasing product for customers, and the upcoming launch of the Model X in Spring 2015. While we continue to acknowledge management�� strong execution in ramping up production and expanding into new markets, we believe that sustained upside in the stock will be dependent on success of the Gen 3, which is expected to be launched in 2017, and managing execution risk in the Giga factory project.
With a rating of Market Perform and a price target of $150, it’s clear Satghare worries about that happening. Elon Musk apparently disagrees. At a clean-energy conference at a Tesla factory, Musk called the gigafactory a “no brainer.”
Shares of Tesla are little changed at $190.68 at 9:42 a.m.
5 Best International Stocks To Own Right Now: Intercontinentalexchange Group Inc (ICE)
IntercontinentalExchange Group, Inc., incorporated on March 6, 2013, is a network of regulated exchanges and clearing houses for financial and commodity markets. The Company delivers transparent and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext. In February 2014, Intercontinentalexchange Group Inc completed the acquisition of Singapore Mercantile Exchange.
In November 2013, the Company announced the acquisition of NYSE Euronext. In November 2013, Financial Technologies (India) Ltd announced that Financial Technologies Singapore Pte. Ltd., a wholly owned subsidiary of Financial Technologies (India) Ltd., sold its ownership in SMX (together with its wholly owned subsidiary SMX CC) to ICE Singapore Holdings Pte. Ltd., an entity owned by the Intercontinentalexchange Group Inc.
Advisors' Opinion:- [By Steve Sears]
Shares of Nasdaq OMX Group have gained 0.4% to $30.58 today, while CME Group (CME) has fallen 1.1% to $71.89, IntercontinentalExchange (ICE) has dropped 0.2% to $185.16, and NYSE Euronext (NYX) has ticked down 0.1% to $42.66.
- [By Sam Mamudi]
Exchange companies have sought new sales sources as profits from trading shrunk because of falling volume and competition. Nasdaq OMX Group Inc. bought electronic bond platform eSpeed in July while NYSE Euronext is being taken over by futures exchange operator IntercontinentalExchange Inc. (ICE) Bats and Direct Edge are focused on equities and may wring more money from data, Ratterman said in a phone interview yesterday.
- [By Sital S. Patel]
The CEO also courted several buyers for the exchange before finally landing with the IntercontinentalExchange (ICE) . NYSE Euronext was in talks to merge with Deutsche B枚rse AG, but that tie-up was eventually blocked by European regulators in 2012. ICE became the buyer with the acquisition of NYSE Euronext in 2013 for $8.2 billion.
5 Best International Stocks To Own Right Now: Real Goods Solar Inc (RGSE)
Real Goods Solar, Inc., incorporated on January 29, 2008, is a solar energy company. The Company serves commercial, residential, and utility customers. The Company provides a solar solution, from design, financing, permitting and installation to ongoing monitoring, maintenance and support. The Company offers free home solar quotes, as well as solar system financing, design, engineering, permitting, installation, rebate acquisition, maintenance, and monitoring. Effective May 14, 2014, the Company acquired Elemental Energy LLC, doing business as Sunetric.
The Company�� solar power installation services are available in California, Colorado, Connecticut, Delaware, Massachusetts, Missouri, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont. The Company's customers include homeowners, small to large businesses and corporations, universities and schools, and government agencies, such as Aetna Insurance, Stop & Shop, Timex, St. Louis Housing Authority, and Yale University.
Advisors' Opinion:- [By Anna Prior]
Real Goods Solar Inc.(RGSE) said it has agreed to raise about $7 million in a private placement financing transaction. Under the terms of the agreement, RGS will issue units consisting of an aggregate of about 2.9 million shares of its Class A common stock and warrants to purchase up to 1.31 million additional shares, at a price of $2.40 a unit. Shares fell 9.7% to $2.62 premarket.
No comments:
Post a Comment