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PHO

PowerShares Water Resources Portfolio ETF

5/22/2013, 2:28 PM ET

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Tuesday, March 26, 12:09 PM U.S. water infrastructure gets a grade of 'D' from the American Society of Civil Engineers. Fixing the problem will cost ~$298B over 20 years. This and rising worldwide water demand may spell opportunity in water-related ETFs. PowerShares' Water Resources (PHO), the largest such fund, is up more than 10% YTD. 2 Comments
Tuesday, January 29, 7:51 AM More on Pentair (PNR) Q4 earnings: FY2013 outlook of EPS of $3.10-$3.30 vs. consensus of $3.23. Revenue of $7.6B vs. consensus of $7.75B. "We are seeing signs of momentum building in several end markets, such as global energy and North American residential." Pentair accounts for 7.95% of the Water Resources ETF (PHO). Comment! [U.S. Economy, Global & FX, Commodities]
Monday, December 17, 2012, 2:51 PM Bullish on the water sector, BAML says it's not just about "pressure both on the supply and demand side." The Global Water Total Return Index has formed a year-long bottom relative to the S&P, says the analyst team. At least four ETFs claim to be plays on water - PHO, PIO, CGW, FIW - but it's worth a look under the hood to see exactly what they're holding. Comment! [Commodities, Quick Ideas]
Friday, December 14, 2012, 11:22 AM Will the western U.S. ever solve its water woes? Estimates suggest demand will continue to outstrip supply, much as it has in the past decade. By 2060, the median shortfall could reach 3.2M acre-feet - or about five times as much water as Los Angeles uses each year. When scientists talk about the need for “climate adaptation," this is what they mean, Brad Plumer writes. 4 Comments [Commodities, U.S. Economy]
Thursday, November 29, 2012, 3:42 PM Pentair (PNR +2.8%) basks in an upgrade to Buy with price target of $58 from Bernstein. The move follows Pentair's 2013 EPS outlook of $3.10-$3.30 vs. 2012's expected range of $2.30-$2.35. Additionally, Pentair believes (presentation) it can earn $5 in 2015. The stock is the largest holding of the Water Resources ETF (PHO +1%). Comment!
Tuesday, November 27, 2012, 2:10 PM Pall Corp (PLL -2.3%) slips today after BB&T cut the shares to Hold on valuation, citing softening demand trends. Comment! [On the Move]
Monday, October 29, 2012, 5:35 PM More on Flowserve (FLS) Q3 earnings: FY2012 EPS guidance narrowed to $8.20-$8.70, thanks to negative currency effects (but offset by continued share repurchases). "Softer conditions ... may impact the shorter cycle business and push out the timing of expected later cycle project investments." At 7.97% of assets, Flowserve is the 2nd largest holding of the Water Resources ETF (PHO). (PR) Comment! [Earnings, Financials]
Friday, October 12, 2012, 3:42 PM Pall Corp. (PLL) is reiterated a Sell with a $57 price target at Macquarie following the stock's three-month 21.5% run. Other sell-side names - BofA, Credit Suisse and JPMorgan - stick with the momentum, raising their ratings and price targets. Pall is the largest holding in the Water Resources ETF (PHO) at 8.83% of assets. Comment! [Energy]
Thursday, September 20, 2012, 9:07 AM American Water Works (AWK) is upgraded to Buy and added to the Conviction Buy List at Goldman with a $42 price target, suggesting 19% upside with the dividend. The firm says AWK will benefit from above average rate base growth as aged water infrastructure is replaced, recently granted rate increases, and improving cash flow which will mitigate equity needs. Comment! [Consumer, Quick Ideas]
Tuesday, August 21, 2012, 10:59 AM Water Resource ETFs may be more marketing ploy than a play on scarce potable water, writes Everyday Finance. PHO is more a utility REIT, the vast majority of its holdings being in real estate positions for utilities and water sanitizing companies. Others (PIO and CGW) face similar drawbacks. 1 Comment [Commodities]
Thursday, August 2, 2012, 8:18 AM Veolia Environnement (VE) tumbles 10% in Paris trading after saying it will increase cost cutting, as the deteriorating economy in Europe forced it to book €89M ($108.8M) of writedowns in Italy, even as it swung back to a net profit of €153M in H1. BAML says investors likely will remain concerned about further writedowns, downgrading the stock to Neutral from Buy. Comment! [On the Move]
Thursday, July 5, 2012, 9:56 AM Veolia Environment (VE -8.4%) tumbles after a downgrade to Sell from UBS. The move is helping to drag down the water ETF (PHO -0.7%) as Veolia makes up 4.22% of the fund's holdings. Comment! [Commodities, On the Move]
Thursday, June 7, 2012, 10:45 AM Forget peak oil... the global water crisis will "shake humanity to its core," BI's Gus Lubin writes, as two-thirds of the world’s population could be living under water-stressed conditions by 2025. “As global population grows, water usage has to rise for sanitation, food production and modern energy creation," Matthew Simmons says. "It is unclear whether this can happen.” 17 Comments [Commodities, Global & FX]
Wednesday, June 6, 2012, 5:12 PM Pall (PLL): FQ3 EPS of $0.70 misses by $0.10. Revenue of $715.2M (+1% Y/Y) misses by $10M. A slowdown in Europe is the story. Life Sciences sales to Europe -6.2% Y/Y. Industrial sales to Europe +0.5% Y/Y. At 7.5% of assets, the company is the 3rd largest holding in the Water Resources ETF (PHO). Shares -4.8% AH. (PR) Comment! [Earnings, On the Move]
Monday, March 26, 2012, 6:54 PM VC David Henderson has one word for you: water. Though not historically seen as a growth area, Henderson expects the strains of population growth, climate change, and emerging-markets industrialization to lead to heavy interest in both water infrastructure projects, and new technologies that can boost the availability of clean water. A few water ETFs: FIW, CGW, PHO, PIO. 5 Comments [Quick Ideas, Commodities, Tech]
Thursday, January 19, 2012, 9:40 AM Defining overbought as being more than 5% above a 50-day moving average, Bespoke says 24% of tracked ETFs fit the bill. Leading the list is the homebuilders (XHB), more than 13% above its 50 day MA; Brazil (EWZ) leads the country ETFs, 8.2% above. A few more days of market gains and look for talk about the entire market being overbought. Comment! [Quick Ideas]