No government, no problem.
Getty ImagesStocks have edged higher this morning despite a government shutdown as moderate Republicans, ultra-conservative Republicans and Democrats try to work through their differences on a budget bill.
The S&P 500 has gained 0.5% to 1,690.23, while the Dow Jones Industrials have risen 0.3% to15,177.35 . The small-cap Russell 2000 has advanced 0.6% to 1,080.55.
So far, at least, investors appear to be reacting to the initial shutdown the way they have in the past–by ignoring it. JPMorgan’s Thomas Lee explains:
The median government shutdown (since 1976) is 4 days, with 17 such occurrences (this will be the 18th) since 1976 ��the shortest was one day and the longest was 21 days.
Overall, markets have been down 0.2% from the start of a shutdown until the end, with the longer the shutdown, generally the worse that markets perform. Equities have fallen 0.2% during the shutdown period (median) but it seems that the longer the shutdown, the greater the decline…
Top 10 Oil Service Stocks To Invest In Right Now: Capital Product Partners L.P.(CPLP)
Capital Product Partners L.P., a shipping company, provides seaborne transportation of refined oil products and chemicals. It provides marine transportation services under medium- to long-term time charters or bareboat charters. As of July 13, 2011, the company?s fleet consisted of 22 double-hull tankers, including 18 medium range (MR) tankers, 2 small product tankers, 1 Suezmax crude oil tanker, and 1 Capesize bulk carrier. Its tankers are capable of carrying crude and refined oil products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals, including ethanol. Capital GP L.L.C. operates as a general partner of the company. Capital Product Partners L.P. was founded in 2007 and is headquartered in Piraeus, Greece.
Advisors' Opinion:- [By Tim Melvin]
Oaktree specializes in distressed assets, high-yield bonds, real estate and equities. The company currently earns an F-score of 6 and yields 7.7%, so the stock is an excellent fit for our active income portfolio. The stock trades at a slight discount to its Graham number valuation of $54. Oaktree is a best-in-class investment manager and has the potential for solid appreciation in addition to the high yield.
Capital Products Partners (CPLP)Capital Products Partners (CPLP) is a Greece-based shipping company that is involved in both petroleum products and the dry goods business. It currently has a fleet of 30 vessels comprised of 22 tankers and 8 dry bulk and container vessels.
Best Companies To Own For 2014: DAQQ New Energy Corp.(DQ)
Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon in China. The company sells its polysilicon to photovoltaic product manufacturers for use in the processing of ingots, wafers, cells and modules for solar power solutions. It also produces and sells mono-crystalline and multi-crystalline modules to photovoltaic system integrators and distributors in China and internationally under its Daqo brand. The company was formerly known as Mega Stand International Limited and changed its name to Daqo New Energy Corp. in August 2009. Daqo New Energy Corp. was founded in 2006 and is headquartered Wanzhou, the People?s Republic of China.
Advisors' Opinion:- [By Garrett Cook]
Energy shares dropped around 0.22 percent in today’s trading. Top decliners in the sector included Daqo New Energy (NYSE: DQ), PDC Energy (NASDAQ: PDCE), and YPF SA (NYSE: YPF).
- [By Garrett Cook]
Energy shares dropped around 0.22 percent in today’s trading. Top decliners in the sector included Daqo New Energy (NYSE: DQ), PDC Energy (NASDAQ: PDCE), and YPF SA (NYSE: YPF).
Best Companies To Own For 2014: Primerica Inc.(PRI)
Primerica, Inc., together with its subsidiaries, engages in the distribution of financial products on behalf of third parties to middle income households in the United States and Canada. The company operates in three segments: Term Life Insurance, Investment and Savings Products, and Corporate and Other Distributed Products. The Term Life Insurance segment underwrites term life insurance products. The Investment and Savings Products segment distributes mutual funds, variable annuities, fixed annuities, and segregated funds. The Corporate and Other Distributed Products segment provides mortgage loans, which include debt consolidation or refinance, and purchase money loans; unsecured loans; prepaid legal services that assist subscribers with legal matters, such as drafting wills, living wills and powers of attorney, trial defense, and motor vehicle-related matters; mail-order student life products; short-term disability benefit insurance; and auto and homeowners? insurance products. The company was founded in 1927 and is based in Duluth, Georgia.
Advisors' Opinion:- [By Rich Duprey]
Private equity investor Warburg Pincus has been a shareholder in term life insurance underwriter Primerica� (NYSE: PRI ) since its IPO in 2010. However, the financial products marketer will be buying back all of the holdings Warburg Pincus owns for $154.7 million. That translates into�almost�2.5 million shares of common stock�and warrants that �are�exercisable for 4.1 million shares.
Best Companies To Own For 2014: Niska Gas Storage Partners LLC (NKA)
Niska Gas Storage Partners LLC owns and operates natural gas storage assets in North America. It owns or contracts for approximately 185.5 billion cubic feet of total gas storage capacity. The company owns and operates gas storage facilities in Alberta, Canada, as well as in northern California and Oklahoma, the United States. Its gas storage customers include financial institutions, producers, marketers, power generators, pipelines, and municipalities. The company was founded in 2006 and is headquartered in Houston, Texas.
Advisors' Opinion:- [By Seth Jayson]
Niska Gas Storage Partners (NYSE: NKA ) is expected to report Q1 earnings on Aug. 1. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Niska Gas Storage Partners's revenues will contract -1908.0% and EPS will contract -9.5%. - [By Emma O��rien]
S&P 500 futures lost 0.8 percent by 7:22 a.m. in Tokyo, after the measure slid 1.1 percent last week in its first decline this month. Contracts on Australia�� S&P/ASX 200 Index dropped 0.2 percent and Nikkei 225 Stock Average (NKA) futures lost 0.5 percent by 3 a.m. in Osaka. The greenback retreated 0.3 percent to 97.91 yen, while U.S. Treasury futures climbed. West Texas Intermediate oil and copper futures sank 0.8 percent.
- [By Jake L'Ecuyer]
Leading and Lagging Sectors
In trading on Friday, energy shares were relative leaders, up on the day by about 0.06 percent. Among the leading sector stocks, gains came from Equal Energy (NYSE: EQU) and Niska Gas Storage Partners LLC (NYSE: NKA). Financial sector was the leading decliner in the US market today.
Best Companies To Own For 2014: Chromadex Corp (CDXC)
Chromadex Corporation, incorporated on June 19, 2008, is a provider of research and quality-control products and services to the natural products industry. The Company�� products are used by customers worldwide in the dietary supplement, food and beverage, cosmetic and pharmaceutical industries. The Company together with its subsidiaries supplies phytochemical reference standards, which are small quantities of plant-based compounds used to research an array of potential attributes, and reference materials, related contract services, technical consulting and ingredients. On December 3, 2012, ChromaDex Inc. acquired Spherix Consulting Inc. The Company�� principal subsidiaries include ChromaDex, Inc., Chromadex Analytics, Inc. and Spherix Consulting, Inc (Spherix).
The Company provides its clients in the food, supplement and pharmaceutical industries with solutions to manage potential health and regulatory risks. Its science-based solutions are for both new and existing products that may be subject to product liability and/or exposed to changing scientific standards or public perceptions; literature evaluations, and design and assessment of pre-clinical and clinical safety testing. It specializes in regulatory submissions for food and dietary supplement ingredients. For its clients involved in drug development within the pharmaceutical industry, the Company provides similar services, as well as risk-based strategies, including intellectual property data and compliance gap identification, due diligence assessments and investigational new drug writing.
Products and Services
The Company offers bulk raw materials for inclusion in dietary supplements, food, beverage and cosmetic products. Through its catalog, it supplies a range of products necessary to conduct quality control of raw materials and consumer products. The Company through Chromadex Analytics, provides a range of contract services ranging from routine contract analysis for the production of dietary sup! plements, cosmetics, foods and other natural products to elaborate contract research for clients in these industries. The Company provides a range of consulting services in the areas of regulatory support, new ingredient or product development, risk management and litigation support. With an addition of Spherix, it provides regulatory approval and scientific advisory services.
The Company competes with Sigma-Aldrich, Phytolab, US Pharmacopoeia, Extrasynthese, Covance, Eurofins, and Silliker Canada Co.
Advisors' Opinion:- [By Peter Graham]
Small cap stocks Chromadex Corp (OTCMKTS: CDXC) and 22nd Century Group Inc (OTCBB: XXII) are, one way or the other, focused on natural products and have been getting some extra attention lately. Moreover, one of these stocks have been the subject of a disclosed investor awareness campaign. Keeping that in mind, are these two small cap stocks natural winners for investors? Here is a quick look:
Best Companies To Own For 2014: Delphi Automotive PLC (DLPH)
Delphi Automotive PLC (Delphi), incorporated on May 19, 2011, is a global vehicle components manufacturer and provides electrical and electronic, powertrain, safety and thermal technology solutions to the global automotive and commercial vehicle markets. As of December 31, 2012, the Company operated 126 manufacturing facilities and 15 technical centers utilizing a regional service model that enables it to serve its global customers. The Company operates through four segments: Electrical / Electronic Architecture; Powertrain Systems; Electronics and Safety and Thermal Systems. In October 2012, the Company acquired FCI Group�� Motorized Vehicles Division.
The Company�� Electrical / Electronic Architecture segment provides complete design of the vehicle�� electrical architecture, including connectors, wiring assemblies and harnesses, electrical centers and hybrid power distribution systems. Its Powertrain Systems segment provides systems integration of full end-to-end gasoline and diesel engine management systems, including fuel handling, fuel injection, combustion, electronic controls and test and validation capabilities. Its Electronics and Safety segment provides critical components, systems and advanced software for passenger safety, security, comfort and infotainment, as well as vehicle operation, including body controls, reception systems, infotainment and connectivity systems, hybrid vehicle power electronics, passive and active safety electronics, displays and mechatronics. Thermal Systems segment provides powertrain cooling and heating, ventilating and air conditioning (HVAC) systems, such as compressors, systems and controls, and heat exchangers for the vehicle markets.
Electrical/Electronic Architecture
The Company�� offers complete electrical/electronic architectures for its customer-specific needs. Connectors are engineered for use in the automotive and related markets, but also have applications in the aerospace, military and telematics sector! s. Electrical centers provide centralized electrical power and signal distribution and all of the associated circuit protection and switching devices, thereby optimizing the overall vehicle electrical system. Distribution systems are integrated into one optimized vehicle electrical system, which can utilize smaller cable and gauge sizes and ultra-thin wall insulation.
The Company competes with Lear Corporation, Leoni AG, Molex Inc, TE Connectivity, Ltd., Sumitomo Corporation and Yazaki Corporation.
Powertrain Systems
The Company offers products for complete engine management systems (EMS) and other products to help optimize performance, emissions and fuel economy. The gasoline EMS portfolio features fuel injection and air/fuel control, valvetrain, ignition, sensors and actuators, transmission control products, and powertrain electronic control modules with software, algorithms and calibration. The diesel EMS product line offers common rail fuel and air injection system technologies. The Powertrain Systems segment also supplies integrated fuel handling systems for gasoline, diesel, flexfuel and biofuel configurations. It also includes diesel and automotive aftermarket and original equipment service in the Powertrain Systems segment.
The Company competes with BorgWarner Inc., Bosch Group, Continental AG, Denso Corporation, Hitachi, Ltd. and Magneti Marelli S.p.A.
Electronics and Safety
The Company offers a range of electronic and safety equipment in the areas of controls, security, infotainment, communications, safety systems and power electronics. Electronic controls products consist of body computers and security systems. Infotainment and driver interface portfolio consists of receivers, advanced reception systems, digital receivers, satellite audio receivers, navigation systems, displays and mechatronics. Safety electronics includes occupant detection systems, collision warning systems, advanced cruise control technologies a! nd collis! ion sensing. Electric and hybrid electric vehicle power electronics includes power modules, inverters and converters and battery packs.
The Company competes Autoliv AB, Bosch Group, Continental AG, Denso Corporation, Harman International Industries and Panasonic Corporation.
Thermal Systems
The Company offers energy efficient thermal system and component solutions for the automotive market and continues to develop applications for the non-automotive market. Its automotive thermal products are designed to meet customers��needs for powertrain thermal management and cabin thermal comfort. Powertrain cooling products include condenser, radiator, fan module and charge air cooling heat exchangers assemblies. Climate control portfolio includes HVAC modules, with evaporator and heater core components, compressors and controls.
The Company competes with Denso Corporation, MAHLE Behr Industry, Sanden Corporation, Valeo Inc. and Visteon Corporation.
Advisors' Opinion:- [By Marc Bastow]
Vehicle components, manufacturer and supplier Delphi (DLPH) raised its quarterly dividend 47% to 25 cents per share payable Feb. 27 to shareholders of record Feb. 18.
DLPH Dividend Yield: 1.60%
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