TOP NEWS
MARKET CURRENTS
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12:40 PM LipoScience (LPDX +3.4%) trades up today after announcing the availability of its NMR lipoprotein particle testing using the Vantera Clinical Analyzer through Mayo Medical Laboratories. The analysis provides physicians and patients with a detailed assessment of cardiovascular disease risk from a single blood test that measures the concentration of low-density lipoprotein particles and other lipoprotein information. Comment! [Healthcare, On the Move]
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12:38 PM ZAGG spikes 6.4% amid reports that Logitech (LOGI) is in acquisition talks, RANsquawk notes. Comment! [Breaking News, M&A, On the Move]
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12:30 PM Three lunchtime reads:
1) Swaps vote is another big win for banks
2) Buffett's magic touch may be irreplaceable
3) Bernanke meets privately with Darrell Issa Comment!
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12:26 PM WPX Energy (WPX +4.1%) shares post their third straight strong gain, rising 14% so far this week from news that hedge fund Taconic Capital took a position in the company and said it was engaged with management to boost shareholder value. Comment! [Energy, On the Move]
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12:18 PM Morgan Stanley (MS) joins a big group raising money to invest in global infrastructure, reports Bloomberg, with plans to soon begin raising $4B for a fund. The new fund from MS Infrastructure Partners would be the same size as a 2008 fund, though the team there doesn't bear a ton of resemblance to what it looked like back then. Comment! [Financials]
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12:15 PM North American Energy (NOA +14.8%) is a turnaround story, Barron's writes, cutting costs, slashing spending, selling assets and paying down debt since CEO Martin Ferron joined last June. FrontFour Capital predicts shares could rise to $78 based on an enterprise value of 3.5x forecast 2014 EBITDA. Worth noting: Ferron has amassed 775K shares, a sign of his commitment and NOA's potential. 1 Comment [Energy, On the Move]
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12:12 PM Sensata Technologies (ST -3.4%) falls after announcing a public offering of 12.5M shares by its principal shareholder Sensata Investment Company, which held 35.4% of the ordinary shares prior to the sale and 28.4% after. (PR, prospectus) Comment! [Tech, On the Move]
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12:00 PM On the hour: Dow +0.7%. 10-yr -0.36%. Euro -0.3% vs. dollar. Crude -1.32% to $94.91. Gold -0.28% to $1373.75. Comment!
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12:00 PM After more than tripling since its (unloved) IPO 14 months ago, Nationstar Mortgage (NSM) is the subject of a glowing writeup in Forbes - "A jewel in Fortress' (FIG) portfolio." Mortgage servicing is recognized as a great business now and Nationstar - along with Fortress-owned Newcastle (NCT, NRZ) - Ocwen (OCN) and Walter (WAC) are currently the favorites of the mortgage gorillas, Fannie and Freddie. Comment! [Financials]
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11:59 AM Chinese greenhouse vegetable producer and marketer Le Gaga Holdings (GAGA +10.8%) flowers after receiving a proposal from a consortium of investors (which includes the chairman and CEO) to take the company private for $4.01/share in cash, a 20% premium to Tuesday's close. (PR) 1 Comment [On the Move]
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LATEST ARTICLES
- 3 Selected 'Strong Buys' From S&P by Bret Jensen • Comment!
- Non-Core Asset Sell-Off: How Banks Like Citigroup Are Restructuring Themselves by StockRiters • 1 Comment
- Can Annaly Capital Management's 12.2% Dividend Be Sustained? by Ron Hiram • Comment!
- Solar Flares Or Preview For The Bears? by Small Cap Reporter • Comment!
- Why I'm Bearish On Netflix Each Time It Crosses $200 by Saurabh Tandon • 6 Comments
- Barry Rosenstein's JANA Partners' Top Picks by Insider Monkey • Comment!
- How To Diversify Your Income Streams With Tech Stocks by David Fabian • 2 Comments
- Are Equity Investors Pushing The Gas Pedal Too Hard? by Franklin Templeton Investments • 2 Comments
- Does Behavioral Investing Make Sense Anymore? by AllianceBernstein • Comment!
- Investors Versus Traders: A Battle For Oil And Gas Profits by The Energy Report • Comment!
ALPHA-RICH IDEAS
- Why I'm Buying Multiband Hand Over Fist by Inefficient Market • 13 Comments
- Silver Bay Realty Trust: A Disaster Waiting To Happen by Josh Arnold • 21 Comments
- A Sustainable And Growing 8% Yield Is Driving NorthStar Realty Finance's Outperformance by Dane Bowler • 17 Comments
- Ryland: 2 Major Reasons Why This Homebuilder Is At Least 30% Overvalued by Money Investor • 4 Comments
- hhgregg: Gravity Will Return After A 175% Run Over The Last 6 Months by Money Investor • 19 Comments
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- TeraGo: The Cheapest Communications Cash Cow You've Never Heard Of by Cash Man • 48 Comments
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MACRO VIEW
- Are Equity Investors Pushing The Gas Pedal Too Hard? by Franklin Templeton Investments • 2 Comments
- Investors Versus Traders: A Battle For Oil And Gas Profits by The Energy Report • Comment!
- Green Energy Waste Is Spoiling The Bunch by Robert Wagner • Comment!
- A Nightmarish Development In Real Estate Finance by Markos Kaminis • 1 Comment
- From The Top Line To The Bottom Line, U.S. Multinationals Are Structured To Earn by Jim Kelleher • Comment!
- Is Lowering The Real Interest Rate The Solution For The U.S. Economy? by Antonio Carradinha • 2 Comments
DIVIDENDS & INCOME
- Can Annaly Capital Management's 12.2% Dividend Be Sustained? by Ron Hiram • Comment!
- Are We In A REIT Bubble? by Dividend Growth Investor • 2 Comments
- 13.4% Dividend Payer Apollo Residential Mortgage's Market Leadership Makes It A Buy by David White • Comment!
- BDC Risk Profiles: Part 1 by BDC Buzz • 11 Comments
- Exxon Mobil: 4 Reasons To DRIP This Company by Tim McAleenan Jr. • 9 Comments
- Apple Share Buyback - The Numbers Talk by J. M. Manness • 13 Comments
ETFs & PORTFOLIO STRATEGY
- How To Diversify Your Income Streams With Tech Stocks by David Fabian • 2 Comments
- Does Behavioral Investing Make Sense Anymore? by AllianceBernstein • Comment!
- Protecting Your Portfolio With Implied Volatility by AlphaVN Research • 2 Comments
- Junk Bond ETFs Still Appealing, Says S&P by Benzinga • Comment!
- A New Market Beating Dividend Fund by Ploutos • 6 Comments
- Asset Allocation And Rebalancing Review: May 22, 2013 by James Picerno • Comment!
INVESTING IDEAS
- Non-Core Asset Sell-Off: How Banks Like Citigroup Are Restructuring Themselves by StockRiters • 1 Comment
- Why I'm Bearish On Netflix Each Time It Crosses $200 by Saurabh Tandon • 6 Comments
- Barry Rosenstein's JANA Partners' Top Picks by Insider Monkey • Comment!
- IPO Preview: Global Brass And Copper Holdings by IPOdesktop • Comment!
- Revisiting Small Cap Investing With InvenSense by Faisal Mohamed • Comment!
- IPO Preview: ChannelAdvisor by IPOdesktop • Comment!