Soros Fund Management LLC, the family office of billionaire George Soros, increased its holdings in Teva Pharmaceutical Industries Ltd. (TEVA) to the most since 2010.
The firm, based in New York, raised its stake in Teva, the worst-performing pharmaceutical company in the U.S. in the past year, to 1.8 percent of its $7.75 billion U.S. stock portfolio in the third quarter, according to a filing with the U.S. Securities and Exchange Commission on Nov. 14. This would make it the largest allocation since the fourth quarter of 2010, according to data compiled by Bloomberg.
Teva fell to a two-year low on Nov. 4 after a rift over the company�� future with Chairman Phillip Frost led to the Oct. 30 resignation of Jeremy Levin, who was brought on board as chief executive officer less than 18 months before. Concern its best-selling product, the multiple-sclerosis injection Copaxone, will lose traction as it faces stronger competition is also weighing on the shares.
��urely it doesn�� hurt to have a large, well-known investor such as Soros take a position,��Timothy Chiang, an analyst at CRT Capital Group LLC, who has a buy rating on the shares, said by phone from Stamford, Connecticut, today.
Hot Construction Stocks For 2015: Grana y Montero SAA (GRAM)
Grana y Montero SAA is a Peru-based holding company primarily engaged in the four business areas: Construction and Engineering Industry, Real Estate, Oil Services, and Operation of Public Concessions and Business Support Services. Through its subsidiaries, the Company provides such services as the development and management of real estate properties and leisure facilities; the exploration, production and sale of oil, natural gas and its derivates; the storage and distribution of combustibles; information technology services; engineering consultancy; the operation and maintenance of rails and roads concessions; as well as the execution and management of projects related to the generation of electric power; among others. The Company owns such subsidiaries as GMD SA, Concar SA, Survial SA, Norvial SA and Promotores Asociados de Inmobiliarios SA, among others. Advisors' Opinion:- [By alicet236]
Grana y Montero SAA (GRAM) Reached the Five-Year Low of $20.90
The prices of Grana y Montero SAA (GRAM) shares have declined to close to the five-year low of $20.90, which is 17.3% off the five-year high of $22.14. Grana y Montero SAA is owned by four Gurus we are tracking. Among them, four have added to their positions during the past quarter. Zero reduced their positions. Grana y Montero SAA was established in Peru on August 12, 1996 as a result of the equity spin-off of Inversiones GyM S. Grana Y Montero Saa has a market cap of $2.75 billion; its shares were traded at around $20.90 with a P/E ratio of 24.60 and P/S ratio of 1.24.
Hot Performing Companies To Own For 2014: Quality Distribution Inc. (QLTY)
Quality Distribution, Inc., together with its subsidiaries, engages in the truckload transportation of bulk chemicals primarily in North America. The company involves in the bulk transportation of liquid and dry chemicals, including plastics, as well as bulk dry and liquid food-grade products. It also provides intermodal ISO tank container transportation and depot services; tank cleaning, heating, testing, maintenance, and storage services; and local and over-the-road trucking services. The company?s bulk service network consists primarily of independently owned third-party affiliate terminals, independent owner-operator drivers, and own terminals. As of December 31, 2010, it managed a fleet of approximately 2,900 tractors and 5,700 trailers; and operated 91 independent affiliate trucking terminals and 3 own trucking terminals. Quality Distribution also operates 8 ISO tank container transportation and depot service terminals. The company was formerly known as MTL, Inc. and changed its name to Quality Distribution, Inc. in 1999. Quality Distribution, Inc. was founded in 1984 and is headquartered in Tampa, Florida.
Advisors' Opinion:- [By Seth Jayson]
Margins matter. The more Quality Distribution (Nasdaq: QLTY ) keeps of each buck it earns in revenue, the more money it has to invest in growth, fund new strategic plans, or (gasp!) distribute to shareholders. Healthy margins often separate pretenders from the best stocks in the market. That's why we check up on margins at least once a quarter in this series. I'm looking for the absolute numbers, so I can compare them to current and potential competitors, and any trend that may tell me how strong Quality Distribution's competitive position could be.
Hot Performing Companies To Own For 2014: LogMein Inc.(LOGM)
LogMeIn, Inc. provides on-demand, remote-connectivity, collaboration, and support solutions to small and medium-sized businesses, information technology (IT) service providers, mobile carriers, and consumers in the United States and internationally. Its services include remote user access services, which allow users to access computers and other Internet-enabled devices to continue working while away from the office or to access personal systems while away from home; remote support and management services to deliver support and management of IT resources remotely; and remote collaboration to conduct online meetings and share documents, images, and their desktop with other users. The company?s remote user access services comprise LogMeIn Free, a free remote access service, which provides secure access to a remote computer or other Internet-enabled device; LogMeIn Pro, a remote access service; LogMeIn Hamachi, a hosted virtual private network service; and LogMeIn Ignition, a service that delivers access to remote computers that subscribe to LogMeIn Free or LogMeIn Pro. Its remote support and management services consist of LogMeIn Rescue, a Web-based remote support service to support remote computers and applications, and assist computer users via the Internet; LogMeIn Rescue+Mobile, an add-on of LogMeIn Rescue?s Web-based remote support service to remotely access and support smartphones and tablet computers; LogMeIn Central, a Web-based management console; and LogMeIn Backup, a service that subscribers install on two or more computers to create a backup network. The company?s remote collaboration services include join.me and join.me pro, which are browser-based online meetings and screen sharing services. LogMeIn, Inc. has a strategic agreement with Intel Corporation. The company was formerly known as 3am Labs, Inc. and changed its name to LogMeIn, Inc. in March 2006. LogMeIn, Inc. was founded in 2003 and is headquartered in Woburn, Massachu setts.
Advisors' Opinion:- [By Rich Smith]
Remote-access software maker LogMeIn (NASDAQ: LOGM ) reported strong Q1 earnings Thursday evening, beating analyst estimates on both profits and revenues, and guiding investors to expect higher-than-consensus earnings for both Q2 and the full year. LogMeIn said it earned $0.12 per share in the fiscal first quarter, will earn $0.11 to $0.12 in Q2, and keep on that track, with about $0.48 per share at the midpoint of guidance for the year.
- [By Rich Smith]
This series, brought to you by Yahoo! Finance, looks at which upgrades and downgrades make sense and which ones investors should act on. Today, our headlines feature upgrades for mini-industrialist Stratasys (NASDAQ: SSYS ) �and for remote computer access specialist LogMeIn (NASDAQ: LOGM ) but a downgrade for publicly traded soccer club Manchester United (NYSE: MANU ) . Let's take them one at a time, beginning with...
- [By Rich Smith]
This series, brought to you by Yahoo! Finance, looks at which upgrades and downgrades make sense, and which ones investors should act on. Today, we're focusing on tech stocks, as analysts pull back on Facebook (NASDAQ: FB ) and Dolby Labs (NYSE: DLB ) , but become more bullish on LogMeIn (NASDAQ: LOGM ) . Let's start with that last one.
Hot Performing Companies To Own For 2014: Lithia Motors Inc. (LAD)
Lithia Motors, Inc. operates as an automotive franchisee and retailer of new and used vehicles in the United States. The company sells new and used cars, and trucks; offers replacement parts; provides vehicle maintenance, warranty, paint, and repair services; and arranges related financing, service contracts, protection products, and credit insurance. As of February 22, 2013, the company offered 27 brands of new vehicles and various brands of used vehicles in 87 stores, as well as online at Lithia.com. Lithia Motors, Inc. was founded in 1946 and is based in Medford, Oregon.
Advisors' Opinion:- [By Tom Stoukas]
Ladbrokes (LAD) Plc plunged to its lowest price in almost a year after issuing a profit warning for its digital division. Thomas Cook Group Plc slid 6.6 percent after it said winter bookings have slowed. Hennes & Mauritz AB (HMB), Europe�� second-biggest clothing retailer, rose to its highest price after posting third-quarter profit that beat analysts��estimates.
Hot Performing Companies To Own For 2014: Advantage Oil & Gas Ltd (AAV)
Advantage Oil & Gas Ltd. and its subsidiaries engage in the acquisition, exploitation, development, and production of oil and gas in the provinces of Alberta and Saskatchewan, Canada. It produces and sells crude oil, natural gas, sulphur, and natural gas liquids primarily through marketing companies. As of February 5, 2013, the company�s core properties comprised of Glacier Montney natural gas asset with approximately 80 net sections of land located in Alberta. Advantage Oil & Gas Ltd. was founded in 2001 and is headquartered in Calgary, Canada.
Advisors' Opinion:- [By Stephan Dube]
Comparing the netbacks with its peers, we can see that MEG Energy reported Q2 operating netbacks of $41.93/Boe, Advantage Oil & Gas' (AAV) Q2 operating netbacks totaled $14.74/Boe, Baytex has realized $25.76/Boe for Q1 and Bonavista Energy operating netbacks for Q1 amounted to $19.49/Boe. Therefore, with an average netback of $26.11/Boe, BlackPearl's $28.65/Boe is a little higher than the average of its peers with higher realized prices and stronger recoveries.
- [By John Udovich]
While Bakken formation oil and gas stocks have grabbed the attention of�American investors, small cap Alberta or Saskatchewan oil and gas stocks Advantage Oil & Gas Ltd (NYSE: AAV), Sonde Resources Corp (NYSEMKT: SOQ) and up and coming Centor Energy Inc (OTCBB: CNTO) have been largely overlooked as they seek to exploit oil and gas (including oil sands) in the resource rich Canadian provinces of Alberta or Saskatchewan or seek strategic alternatives for their assets in these areas or themselves. It should be mentioned that Canada�� oil reserves are third only to Venezuela and Saudi Arabia with over 95% of these reserves being the oil sands of Alberta plus that province contains much of the country�� conventional oil reserves as well. In addition, the province of Saskatchewan along with offshore areas of Newfoundland contain substantial production and reserves. Excluding oil sands, Alberta would have 39% of Canada�� remaining conventional oil reserves,�followed by�offshore Newfoundland with�28% and Saskatchewan with 27%.
Hot Performing Companies To Own For 2014: Westpac Banking Corp (WEBNF)
Westpac Banking Corporation is a banking company. It operates through three divisions: Australian Financial Services (AFS), Westpac Institutional Bank (WIB) and Westpac New Zealand. AFS consists of Westpac�� retail and business banking operations in Australia, and includes Westpac Retail & Business Banking (Westpac RBB), St.George Banking Group and BT Financial Group Australia (BFTG). Westpac RBB is responsible for sales and service for consumer, small-to-medium enterprise customers and commercial customers under the Westpac brands. St.George is responsible for sales, and service for its consumer, business and corporate customers in Australia under brands, such as St.George and BankSA. BTFG is Westpac�� Australian wealth management division. In January 2014, the Company completed the acquisition of Lloyds Banking Group Plc�� Australian asset finance business, Capital Finance Australia Limited, and its Australian corporate loan portfolio, BOS International (Australia) Ltd. Advisors' Opinion:- [By MARKETWATCH]
LOS ANGELES (MarketWatch) -- Stocks in Australia gave up ground early Tuesday before the country's central bank issued its final interest-rate decision of the year. The S&P/ASX 200 (AU:XJO) shed 0.2% to 5,271.10, with financial stocks mixed ahead a widely expected decision by the Reserve Bank of Australia to leave its benchmark rate at 2.5%. Westpac Banking Corp. shares (AU:WBC) (WEBNF) gave up 0.3% and Commonwealth Bank of Australia (AU:CBA) (CBAUF) shed 0.1%, but National Australia Bank Ltd. (AU:NAB) (NAUBF) tacked on 0.3%. Gold stocks were hit, dropping after gold futures fell by more than 2% overnight on concerns about a pullback in monetary stimulus by the U.S. Federal Reserve. Shares of gold miner Newcrest Mining Ltd. (AU:NCM) (NCMGF) lost 6.4%, Evolution Mining Ltd. (AU:EVN) (CAHPF) fell 6.7%, and Kingsgate Consolidated Ltd. (AU:KCN) (KSKGF) slid 9.7%.
- [By Daniel Inman]
Earnings season continued in Australia as Westpac Banking Corp. (AU:WBC) � (WEBNF) �fell 1.2% after the country�� second-largest bank by market value reported lower-than-expected revenue, offsetting a cash profit that exceeded forecasts.
- [By MARKETWATCH]
LOS ANGELES (MarketWatch) -- Australian stocks inched lower in early Friday trade, with the S&P/ASX 200 (AU:XJO) down 0.1% at 5,322.00, with weakness in miners outweighing mild strength in financials. Shares of BHP Billiton Ltd. (AU:BHP) (BHP) and Rio Tinto Ltd. (AU:RIO) (RIO) fell 1.4% apiece, while Fortescue Metals Group Ltd. (AU:FMG) (FSUMF) lost 2.2% and gold miner Evolution Mining Ltd. (AU:EVN) (CAHPF) lost 0.8%, after copper prices fell to two-week lows and Chinese steel futures also lost ground, according to Reuters. The sector could react to Chinese trade data due out later in the day, as China remains a top market for Australian commodities. Stock in Alumina Ltd. (AU:AWC) (AWCMF) retreated 2.6% after its U.S. partner Alcoa Inc. (AA) posted a quarterly loss. On the upside, the big four banks all traded higher, with Commonwealth Bank of Australia (AU:CBA) (CBAUF) up 0.1%, National Australia Bank Ltd. (AU:NAB) (NAUBF) rising 0.2%, Westpac Banking Corp. (AU:WBC) (WEBN
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