Best Bank Stocks For 2017

Related EWP Maybe Some Relief For The Spain ETF Politics Prove Problematic For The Spain ETF

Relatively speaking, the iShares MSCI Spain Capped ETF (NYSE: EWP) has not been that bad compared to other single-country exchange-traded funds tracking PIIGS economies. Year-to-date, EWP is down 3.8 percent, a loss that is only half as bad as the equivalent Ireland ETF and far superior to the average loss of 14.5 percent for the comparable Greece and Italy ETFs.

As is the case with other members of the PIIGS group, there have been lingering concerns about the health of Spanish banks. However, there are signs banks in the eurozone's fourth largest economy are regaining some health. The health of Spanish banks is of particular importance to EWP because the Spain ETF, as is the case with so many single-country funds, devotes a significant percentage of its weight to financial services names.

Best Bank Stocks For 2017: Lannett Co Inc(LCI)

Advisors' Opinion:

• [By Lisa Levin]

  
  Breaking news

  Edwards Lifesciences Corp (NYSE: EW) announced plans to buy Valtech Cardio for $340 million in cash and stock. The company also announced a $1 billion buyback plan. Epizyme Inc (NASDAQ: EPZM) disclosed that it has received Fast Track designation for tazemetostat. Athene Holding Ltd. (NYSE: ATH) reported that it has priced its 23.8 million share IPO between $38 per share and $42 per share. Lannett Company, Inc. (NYSE: LCI) reported the approval for its Metaxalone Tablets USP, 800 mg.

• [By Ben Levisohn]

  But it hasn’t been all bad news. Lannett (LCI) has gained 1.9% to $16.00 after it reported a profit of 12 cents, above the 7 cents forecast by analysts. And shares of Krispy Kreme (KKD) are unchanged after the company said it would earn 59 cents to 63 cents in the slides for a presentation tomorrow. Considering what happened the last time Krispy Kreme opened its mouth, that has to be considered good news.

Best Bank Stocks For 2017: Graham Corporation(GHM)

Advisors' Opinion:

• [By Monica Gerson]

  Graham Corporation (NYSE: GHM) is expected to report its quarterly earnings at $0.12 per share on revenue of $23.54 million.

  Heico Corp (NYSE: HEI) is estimated to post its quarterly earnings at $0.54 per share.

Best Bank Stocks For 2017: Coach, Inc.(COH)

Advisors' Opinion:

• [By Ben Levisohn]

  Now that the Olympics are underway, we’ll have a chance to see athletes try to leap ever higher bars. Today, we got to watch Coach (COH), which reported better than forecast earnings, fail to make the jump. RBC’s�Brian Tunick and Bilun Boyner explain:

• [By Chris Lange]

  When Coach Inc. (NYSE: COH) released its fiscal first-quarter earnings report before the markets opened on Tuesday, it posted $0.45 in earnings per share (EPS) and $1.04 billion in revenue. Thomson Reuters consensus estimates had called for $0.45 in EPS and revenue of $1.07 billion. The same period of last year reportedly had EPS of $0.41 and $1.03 billion in revenue.

• [By Trey Thoelcke]

  In its 75th anniversary year, Coach Inc. (NYSE: COH) has just announced the opening of its newest flagship store, Coach House, on Fifth Avenue in New York City, one of the world��s most prestigious shopping districts.

• [By Ben Levisohn]

  Shares of Michael Kors gained 3.7% to $49.62 today, and the funny part is that there was no new news on the apparel & accessories retailer today. Nothing at all. I checked Dow Jones Newswires. I checked Google News. I checked Briefing.com. Nothing. Nada. Zilch. Bloomberg says Jefferies had a positive note, but the analyst tells me he didn’t write one. FactSet says Piper Jaffray wrote a note on Kors, which seems plausible since Piper’s�Erinn Murphy wrote a positive one on�Coach (COH), another maker of handbags and other accessories, today, but I’ve yet to receive confirmation.

Best Bank Stocks For 2017: Southwestern Energy Company(SWN)

Advisors' Opinion:

• [By Lisa Levin]

  Southwestern Energy Company (NYSE: SWN) shares were also up, gaining 13 percent to $12.03 as the company reported strong Q1 results.

  Equities Trading DOWN

• [By Ben Levisohn]

  Energy stocks continued their strong performance following Opec’s potential agreement to limit oil production–and no energy stock in the S&P 500 was stronger today than Southwestern Energy (SWN).

• [By Wayne Duggan]

  Bernstein maintains Outperform ratings on the following oil stocks:

  Apache Corporation (NYSE: APA) Anadarko Petroleum Corporation (NYSE: APC) Cobalt International Energy, Inc. (NYSE: CIE) Cabot Oil & Gas Corporation (NYSE: COG) ConocoPhillips (NYSE: COP) Devon Energy Corp (NYSE: DVN) EOG Resources Inc (NYSE: EOG) Range Resources Corp. (NYSE: RRC) Southwestern Energy Company (NYSE: SWN)

  GMP analyst Bob Bakanauskas went long E&Ps back on February 3. He predicts that the oil market will transition from oversupply to undersupply in 2017. From that point forward, the world will once again require shale production growth.

• [By Ben Levisohn]

  Southwestern Energy (SWN) soared to the top of the S&P 500 today as concerns about a cold spell and a report that showed lower natural gas supply sent natural gas prices higher

  Agence France-Presse/Getty Images

  Shares of Southwestern Energy climbed 6.9% to $12.13 today, while the S&P 500 fell 0.4% to 2,191.08.

  Desjardins Capital Markets’ Kristopher Zack and team explain that the “cold weather forecast [is] lighting a fire under NYMEX.” They explain:

  Although oil prices have dominated the headlines following yesterday��s OPEC cut, it has also been a fairly supportive week for natural gas producers, with winter NYMEX strip now approaching the US$3.50/mmbtu level, a far cry from last winter��s experience. La Ni帽a conditions have also been supportive, and we note that next Thursday morning the US Climate Prediction Center will provide its monthly update on the progress of conditions in the El Ni帽o region, which could be a good leading indicator of future weather patterns entering the heart of the winter season from mid-December through early March…

  Temperatures expected to track near normalized levels over next two weeks, which is significantly colder than last winter’s levels. The weather forecast remains fairly constructive for December heating demand, with Heating Degree Days (HDDs) tracking very close to normalized levels through mid-month and particularly cold temperatures expected in the western US.

  Southwestern Energy’s market capitalization rose to $6 billion from $5.6 billion yesterday. It reported a net loss of $4.6 billion on sales of $2.9 billion in 2015.

• [By SEEKINGALPHA.COM]

  To give you an idea of how bad the early part of 2016 was for producers, we think the following chart from Southwestern Energy (SWN) provides some excellent color.

• [By Ben Levisohn]

  The large cap E&Ps we cover raised ~ $6.5 billion of equity in 2015 and are likely to consider additional issuance in 2016. Pioneer Natural Resources (PXD) raised $1.3 billion on January 5th and Hess Corp. (HES) raised $1.5 billion of equity/equity-linked earlier this month. We think highly leveraged companies such as Devon Energy,�Encana and�Range Resources (RRC) and companies with a large deficit (before asset sales), such as�Anadarko Petroleum and Devon Energy, are most likely to consider raising equity. Additionally, we believe companies such as WPX Energy (WPX), Southwestern Energy (SWN), Marathon Oil, Continental Resources (CLR),�Noble Energy and Newfield Exploration (NFX) could issue equity while several levered companies may be unwilling or unable to access equity markets. We do not think Apache, Canadian Natural Resource, EOG Resources (EOG), Occidental Petroleum or�Pioneer Natural Resources are likely to issue equity this year.

Best Bank Stocks For 2017: Inogen, Inc(INGN)

Advisors' Opinion:

• [By Michael A. Robinson]

  I put these rules in action for you in March 2015 when I recommended�Inogen Inc.�(Nasdaq: INGN)�here in these pages.

  Inogen is pioneering the use of portable oxygen concentrators (POCs). And the�Goleta, Calif.-based firm boasts breakthrough technology that has disrupted its entire sector.

Best China Stocks To Own For 2017

Stifel’s Benjamin Mogil and Kevin Lee Hon Siong argue that investors will place less of an asterisk alongside Walt Disney’s (DIS) film earnings when they report tomorrow. They explain why:

Disney-Marvel/Associated Press

Disney’s “Captain America: Civil War” opened to a strong domestic number of $182mn, and with a very strong second week abroad and in China now stands at $497mn internationally and $687mn globally. The studio reached the domestic billion dollar mark in a record 128 days. While Cable rightfully remains in the forefront of the discussion around Disney given both its share of OI and its share of terminal value expectations, we believe that the level of consistency which the studio has shown and the sheer number of franchises it currently has in the pipeline should lead to less of an asterisk around Studio results.

Best China Stocks To Own For 2017: Navistar International Corporation(NAV)

Advisors' Opinion:

• [By Roberto Pedone]

   

  Another industrial player that insiders are snapping up a large amount of stock in here is Navistar International (NAV), which is a manufacturer of commercial and military trucks buses, diesel engines, and recreational vehicles under the Monaco RV family of brands, as well as a provider of service parts for all makes of trucks and trailers. Insiders are buying this stock into big time strength, since shares are up 67% so far in 2013.

  Navistar International has a market cap of $2.9 billion and an enterprise value of $6.4 billion. This stock trades at a premium valuation, with a forward price-to-earnings of 50.50. Its estimated growth rate for this year is 7.2%, and for next year it's pegged at 107.1%. This is not a cash-rich company, since the total cash position on its balance sheet is $1.09 billion and its total debt is $4.72 billion.

  A director just bought 415,101 shares, or about $14.12 million worth of stock, at $33.90 per share.

  From a technical perspective, NAV is currently trending above both its 50-day and 200-day moving averages, which is bullish. This stock recently started to break out above its sideways consolidation pattern after shares cleared $35 to $35.90 a share. That move is now pushing shares of NAV within range of triggering another near-term breakout trade.

  If you're in the bull camp on NAV, then look for long-biased trades as long as this stock is trending above $35 to $34, and then once it breaks out above some near-term overhead resistance levels at $37 to its 52-week high at $38.81 a share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average action of 1.21 million shares. If that breakout triggers soon, then NAV will set up to enter new 52-week high territory, which is bullish technical price action. Some possible upside targets off that move are $43 to $48 a share.

• [By Lisa Levin]

  
  Benzinga's newsdesk monitors options activity to notice unusual patterns. These large volume (and often out of the money) trades were initially published intraday in Benzinga Professional . These trades were placed during Monday's regular session.

  Navistar International Corp (NYSE: NAV) Jun16 10.0 Puts Sweep: 902 @ ASK $0.35: 15k traded vs 1749 OI: Earnings Today Before Open $12.22 Ref ConocoPhillips (NYSE: COP) Fri 6/10 44.5 Puts (Wkly): 2000 @ ASK $0.43: 4051 traded vs 80 OI: $44.87 Ref SeaWorld Entertainment Inc (NYSE: SEAS) Sep16 17.0 Puts Sweep: 683 @ ASK $1.40: 2749 traded vs 313 OI: $16.52 Ref

  Posted-In: put optionsNews Options Markets

Best China Stocks To Own For 2017: Avid Technology Inc.(AVID)

Advisors' Opinion:

• [By Monica Gerson]

  Avid Technology, Inc. (NASDAQ: AVID) is estimated to post its quarterly earnings at $0.36 per share on revenue of $144.02 million.

  Consolidated Water Co. Ltd. (NASDAQ: CWCO) is expected to post its quarterly earnings at $0.11 per share on revenue of $15.15 million.

Best China Stocks To Own For 2017: Frontline Ltd.(FRO)

Advisors' Opinion:

• [By Lisa Levin]

  In trading on Wednesday, energy shares fell by 1.72 percent. Meanwhile, top losers in the sector included Clean Energy Fuels Corp (NASDAQ: CLNE), down 5 percent, and Frontline Ltd. (NYSE: FRO), down 7 percent.

Hot Clean Energy Stocks For 2017

Hot Clean Energy Stocks For 2017: Transocean Inc.(RIG)

Advisors' Opinion:

• [By Ben Levisohn]

  Transocean (RIG) beat earnings forecasts and probably has enough cash but Jefferies analyst Eduardo Royes and team still consider its stock to be a bigger risk when compared to its peers (I’m guessing they mean Diamond Offshore Drilling (DO), Noble (NE) and Ensco (ESV), among others). They explain why:

  Matthew Lloyd/Bloomberg News

  We tweak estimates and raise our PT on lower opex in normalized (as with peers). Liquidity doesn’t look to be an issue in the next few years, but the overhang forTransocean is unchangedwith 16 mostly older UDW floaters uncontracted today and our inability to see enough of an activity ramp to absorb re-entry of these rigs through 2018, downside risk is outsized versus peers. Normalized valuation feels reasonable, but it might give too much credit to UDW activity.

  Tough to see the market growing enough to absorb uncontracted rigs. We commendTransocean for figuring out how to materially lower its stacking costs on UDW rigs, and are willing to giveTransocean the benefit of the doubt that reactivation costs for some of these assets may not be significant today. That said, with the floater rigcount likely on pace to fall through YE16 (into the 150-160 range from 190 today), and given the seemingly low likelihood that floater activity in 2017 can do better than stabilize, oversupply conditions simply feel too great to allow for these rigs to come back for years to come (thus calling into question their longer-term economic viability). Although we do not believe there is a material technical disadvantage to Transocean’s older floaters, we suspect the first rigs to secure UDW work as (if) demand starts to emerge will be the currently committed 2013+ deliveries (“6th Gen V 2.0″ rigs), of which many roll off contract in 2017. What’s more, we suspect that more sister units to these 6G V 2.0 rigs will also co! me into contention for work as (1) better capitalized drillers will likely be w

• [By Ben Levisohn]

  Shares of Noble have dipped 0.4% to $5.72 at 2:37 p.m. today, a heck of a lot better than Transocean’s (RIG) 2.8% drop to$9.69, Ensco’s (ESV) 1.8% fall to$7.58, andAtwood Oceanics’ (ATW) 3.8% tumble to $7.87. Royal Dutch Shell has fallen 1.7% to$48.94.

• [By Shanthi Rexaline]

  Argus reaffirmed its Hold rating on the shares of Transocean LTD (NYSE: RIG), premising the action on its concerns that the company may be more exposed than peers to deteriorating conditions in the offshore drilling markets.

• [By Ben Levisohn]

  Fleet updates from Noble (NE) and Transocean (RIG) demonstrated that there is, indeed, work to be had at the right price.Raymond James analystPraveen Narra and team like what they saw in Transocean’s fleet update:

• [By Ben Levisohn]

  Oil stocks responded immediately to Opec–Murphy Oil (MUR) was our Hot Stock on Wednesday when the deal was reached, while Transocean (RIG) was our Hot Stock on Monday even before an announcement was made–Southwestern is only now catching a bid, a bid that pushed its market capitalization up to $6.5 billion.

source from Top Stocks For 2015:http://www.topstocksblog.com/hot-clean-energy-stocks-for-2017.html

Best Building Product Stocks To Own Right Now

By Claudio Grass

It has been almost eight years since former U.S. President George W. Bush warned the world that "without immediate action by Congress, America could slip into a financial panic and a distressing scenario would unfold." The government's response to the crisis was a $700 billion rescue package that would prevent U.S. banks from collapsing and encourage them to resume lending, which was soon to be followed by a series of Quantitative Easing (QE) packages injecting money into the economy. The rationale of government intervention was to boost spending, restore confidence in the market and revamp economic growth to everyone's benefit - but did it succeed in doing so?

QE: Faith-Based Monetary Policy

With QE still ongoing (albeit tapered), it is no longer part of a "rescue" package - it has now become the new normal - despite a complete lack of positive results. Since end-2007, the Federal Reserve's balance sheet expanded from about $890 billion to more than $4.5 trillion! And yet, U.S. growth rates have remained in the vicinity of 2 percent since 2010 (see chart below). Europe is no different. The European Central Bank (ECB), which first embarked on QE in March 2015, raised the monthly amount for asset purchases from EUR60 billion to EUR80 billion, and expanded the range of assets to include corporate bonds - but despite that, the growth outlook remains dim with 1.4 percent in 2016, and 1.7 percent in 2017 (source: Bloomberg). So why are governments still clinging to an approach that simply doesn't deliver?

Best Building Product Stocks To Own Right Now: Deutsche Bank AG(DB)

Advisors' Opinion:

• [By Reuters]

  Justin Sullivan/Getty Images RICHMOND, Calif. -- Richmond, Calif.'s leaders approved Wednesday morning a plan for the city to become the first in the nation to acquire mortgages with negative equity in a bid to keep local residents in their homes. The power of 'eminent domain' allows governments to seize private property for a public purpose. Critics say the plan threatens the market for private-label mortgage-backed securities. Richmond's city council voted 4 to 3 for Mayor Gayle McLaughlin's proposal for city staff to work more closely with Mortgage Resolution Partners to put the plan crafted by the investor group for the city to work. Richmond can now invoke eminent domain if trusts for more than 620 delinquent and performing "underwater" mortgages reject offers made by the city to buy the loans at deep discount pegged to their properties' current appraised prices to refinance them and reduce their principal. A mortgage is under water when its unpaid balance is greater than its property's market value. Mortgage Resolution Partners has failed to get similar plans approved by local governments elsewhere -- most recently in North Las Vegas, Nev., and earlier this year in San Bernardino County in Southern California -- as the mortgage industry and local real estate businesses rallied against them. But in Richmond, Mortgage Resolution Partners found an ally in a Wall Street-bashing Green Party mayor of one of the San Francisco region's poorest cities who sees working with the investor group to acquire mortgages as a public purpose if it makes the loans more affordable, averts foreclosures and alleviates blight. Richmond's residents have been "badly harmed by this housing crisis," McLaughlin said, defending the plan and partnership with Mortgage Resolution Partners during an often contentious city council meeting that began Tuesday evening and ended early Wednesday morning. "Too many have already lost their homes." City council members opposed to the pl

• [By Diane Alter]

  Before we get into why we remain bearish on Deutsche Bank AG (NYSE: DB), here's what has been driving shares so much higher this week…

  Why the Deutsche Stock Price Has Rebounded

  The Deutsche Bank stock price had been falling after U.S. regulators said they are seeking $14 billion in fines from the company for selling fraudulent mortgages that lead to the U.S. housing bubble.

• [By Paul Ausick]

  Deutsche Bank AG (NYSE: DB) lost about about 4.2% Tuesday to post a new 52-week low of $12.43 after closing Monday at $12.97. The 52-week high is $30.82. Volume of around 8.8 million was up about 61% from the daily average of around 5.4 million. FDIC vice-chairman Thomas Hoenig said Tuesday that the bank’s low capital status makes it the top risk among the big banks.

• [By Lisa Levin]

  Deutsche Bank AG (USA) (NYSE: DB) was down, falling around 10 percent to $13.35 after the German-based bank was slapped with a $14 billion penalty from the U.S. Justice Department. The Wall Street Journal, citing "people familiar with the matter," reported that the $14 billion fee would settle a series of high-profile mortgage-securities probes during the financial crisis. Deutsche Bank was quoted by the Wall Street Journal as saying in a statement that it has "no intent" of paying a fee that is "anywhere near the number cited."

• [By David Zeiler]

  But perhaps the most galling is the $328.2 billion in benefits given to Deutsche Bank AG (NYSE: DB). Yes, the same European bank that's teetering on the edge of collapse right now, the same bank from which the United States is seeking a $14 billion fine for selling risky mortgage-backed securities prior to the financial crisis.

Best Building Product Stocks To Own Right Now: Actinium Pharmaceuticals, Inc.(ATNM)

Advisors' Opinion:

• [By Lisa Levin]

  Shares of Actinium Pharmaceuticals Inc (NYSE: ATNM) were down 24 percent to $1.29. Actinium priced 8 million shares at $1.25 per share.

  Shineco Inc (NASDAQ: TYHT) was down, falling around 32 percent to $19.50. On Wednesday, Shineco priced IPO at $4.50 per share.

Best Building Product Stocks To Own Right Now: Whiting Petroleum Corporation(WLL)

Advisors' Opinion:

• [By Ben Levisohn]

  Shares of energy stocks, including ExxonMobil (XOM), Chevron (CVX), Whiting Petroleum (WLL), and Devon Energy (DVN), are surging on reports that OPEC has agreed to to limit the amount of oil its members produce. Bloomberg’s Nayla Razzouk,�Grant Smith, and Angelina Rascouet�report:

• [By Lisa Levin]

  Energy shares surged around 1.85 percent in trading on Monday. Top gainers in the sector included Legacy Reserves LP (NASDAQ: LGCY), Whiting Petroleum Corp (NYSE: WLL), and Atwood Oceanics, Inc. (NYSE: ATW).

• [By Ben Levisohn]

  The $50/Bbl Question Is Answered �� In our June 2nd note entitled, ��Rethinking Risk/Reward on High Beta E&Ps,�� we highlighted that $50/Bbl is a critical level as it is around which many E&Ps have indicated they would begin either utilizing drilled-but-uncompleted (DUC) wells and/or increasing activity. Thus, with the NYMEX strip exceeding ~$50/Bbl in H2��16 and 2017, the question becomes, ��What will E&Ps do next?�� In our note we distinguished which oilier SMID Caps could organically accelerate at current NYMEX strip prices without further leveraging the balance sheet and which would still require higher oil prices. We ranked WPX third, behind�Oasis Petroleum (OAS) and Whiting Petroleum (WLL) in terms of its ability to accelerate through the drill-bit while keeping the balance sheet intact. For WPX we concluded that without increasing activity beyond our base case assumptions or higher oil prices, leverage would increase by 0.8x in 2017. However with accelerated activity and corresponding higher outspend (via more Williston DUCs and an addt��l Permian rig), we forecast WPX could further grow production next year and keep leverage flattish at ~3.5x Net Debt/EBITDAX. We think today��s announcements confirm our thesis, as WPX increased 2016 Williston activity and issued equity to facilitate this addt��l spend plus potential activity acceleration in 2017/2018 without adding more debt.

• [By Ben Levisohn]

  Credit Suisse analysts�Mark Lear and team explain why they upgraded�Whiting Petroleum (WLL) to Outperform from Neutral:

  Bloomberg News

  We upgrade�Whiting Petroleum to Outperform and raise our target price to $14 per share (from $13/sh) given Whiting Petroleum��s significant beta to a higher mark to market 2Q16 WTI price. Our target price is further aided by a recent debt exchange whereby the company was able to remove $1.065bn of debt principal through the use of mandatory convertibles. Our $14/sh target price…is based on an assumption of max dilution, with actual shares issued on the convertible debt depending on how Whiting Petroleum��s stock trades over the next few weeks. This exchange came on the heels of a smaller 1Q16 announcement which removes ~$477mm of debt from the balance sheet.

  In the most recent exchange, the minimum mandatory conversion price has a lower bound at $8.75 per share, which when coupled with macro fears appears to have unjustly hurt and kept the stock range-bound since the announcement, as�Whiting Petroleum is down ~34% over the past month relative to the XOP up ~2%. However, an extensive inventory in the core of the Williston coupled with improving type curves from larger completions which are increasing validated in state production data provide compelling near term catalysts as we expect drilling activity to accelerate in 2017 at the latest. Meanwhile, asset sales remain another key catalyst with remaining assets on the block including North Ward Estes and the monetization of Whiting Petroleum��s Williston Basin gas plants.

  Lear also sees strong “upside potential” for�Concho Resources (CXO), Pioneer Natural Resources (PXD) and Newfield Exploration (NFX) as well performance improves in the Permian/STACK, and also writes positively on Devon Energy (DVN).

  Not that the upgrade is doing much good today. Shares of�Whiting Petroleum have dropped 1.4% to $8.68 at 1:59 a.m. today, wh

Best Building Product Stocks To Own Right Now: Zillow Group, Inc.(Z)

Advisors' Opinion:

• [By Nelson Hem]

  Also in this week's Barron's:

  A special report on strategic beta ETFs How to take advantage of underpriced stocks Who is in denial about the death of the personal computer market Finding the best value mutual funds Finding value in big stocks and emerging markets How mining companies are striving for sustainability Why Zillow Group, Inc.-Class C (NASDAQ: Z) could fall 25 percent Six unconventional yield plays for an uncertain market Why Alibaba Group Holding Ltd (NYSE: BABA) investors may lose in hot IPO

  Disclosure: At the time of this writing, the author had no position in the mentioned equities.