Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Plexus (NASDAQ: PLXS ) have jumped today by as much as 13% after the company reported earnings results.
So what: Revenue in the fiscal third quarter totaled $571.9 million, well ahead of the Street consensus of $565 million. Earnings per share were $0.68, similarly topping expectations of just $0.58 per share. CEO Dean Foate said the strong results were driven by the networking and communications as well as the health care and life sciences sectors.
Now what: Guidance for the coming quarter was also strong, with sales forecast to $545 million to $575 million. Adjusted earnings per share should be in the range of $0.60 to $0.66. Investors would have been happy with just $0.57 per share in adjusted profit next quarter. The company also repurchased $14.5 milion worth of shares during the quarter.
Top 10 Energy Stocks To Invest In 2015: Bank of Ozarks Inc (OZRK)
Bank of the Ozarks, Inc. is a bank holding company. The Company owns an Arkansas state chartered subsidiary bank, Bank of the Ozarks (the Bank). At December 31, 2011, the Company, through the Bank, conducted banking operations through 111 offices, including 66 offices in Arkansas, 27 in Georgia, 10 in Texas, four in Florida, two in North Carolina, and one each in South Carolina and Alabama. Subsequent to December 31, 2011, the Company opened its 11th and 12th Texas offices in Austin and The Colony. The Company also owns Ozark Capital Statutory Trust II, Ozark Capital Statutory Trust III, Ozark Capital Statutory Trust IV and Ozark Capital Statutory Trust V, all 100%-owned finance subsidiary business trusts formed in connection with the issuance of certain subordinated debentures and related trust preferred securities, and, indirectly through the Bank, a subsidiary engaged in the development of real estate, a subsidiary that owns a private aircraft and various other entities that hold foreclosed assets or tax credits or engage in other activities. Effective July 31, 2013, Bank of the Ozarks Inc acquired the entire interest of The First National Bank of Shelby.
The Company provides a range of retail and commercial banking services. Deposit services include checking, savings, money market, time deposit and individual retirement accounts. Loan services include various types of real estate, consumer, commercial, industrial and agricultural loans and various leasing services. The Company also provides mortgage lending; treasury management services for businesses, individuals and non-profit and governmental entities, including wholesale lock box services; remote deposit capture services; trust and wealth management services for businesses, individuals and non-profit and governmental entities, including financial planning, money management, custodial services and corporate trust services; real estate appraisals; credit-related life and disability insurance; automated teller machines (ATMs); telep! hone banking; online and mobile banking services, including electronic bill pay; debit cards, gift cards and safe deposit boxes, among other products and services. Through third party providers, the Company offers credit cards for consumers and businesses, processing of merchant debit and credit card transactions, and full service investment brokerage services.
On January 14, 2011, the Company, through the Bank, entered into a purchase and assumption agreement, pursuant to which the Bank acquired the former Oglethorpe Bank (Oglethorpe) with two offices in Georgia, including Brunswick and St. Simons Island. On April 29, 2011, the Company, through the Bank, entered into a purchase and assumption agreement, pursuant to which the Bank acquired the former First Choice Community Bank (First Choice) with seven offices in Georgia, including Dallas, Newnan (2), Senoia, Sharpsburg, Douglasville and Carrollton. On July 1, 2011, the Company closed one of the offices in Newnan, Georgia, and on October 26, 2011 the Company closed the office in Carrollton, Georgia.
Lending and Leasing Activities
The Company�� primary source of income is interest earned from its loan and lease portfolio and its investment securities portfolio. The Company�� portfolio of real estate loans includes loans secured by residential one- to four-family, non-farm/non-residential, agricultural, construction/land development, multifamily residential (five or more family) properties and other land loans. Non-farm/non-residential loans include those secured by real estate mortgages on owner-occupied commercial buildings of various types, leased commercial, retail and office buildings, hospitals, nursing and other medical facilities, hotels and motels, and other business and industrial properties. Agricultural real estate loans include loans secured by farmland and related improvements, including some loans guaranteed by the Farm Service Agency. Real estate construction/land development loans include loa! ns secure! d by vacant land, loans to finance land development or construction of industrial, commercial, residential or farm buildings or additions or alterations to existing structures. Included in the Company�� residential one- to four-family loans are home equity lines of credit.
The Company offers a variety of real estate loan products that are generally amortized over five to thirty years. The Company�� portfolio of consumer loans generally includes loans to individuals for household, family and other personal expenditures. The Company�� commercial and industrial loan portfolio consists of loans for commercial, industrial and professional purposes, including loans to fund working capital requirements (such as inventory, floor plan and receivables financing), purchases of machinery and equipment and other purposes. The Company offers a variety of commercial and industrial loan arrangements, including term loans, balloon loans and lines of credit with the purpose and collateral supporting a particular loan determining its structure. These loans are offered to businesses and professionals for short and medium terms on both a collateralized and uncollateralized basis. The Company obtains as collateral a lien on furniture, fixtures, equipment, inventory, receivables or other assets. The Company�� leases are primarily equipment leases for commercial, industrial and professional purposes, have terms generally ranging up to 48 months and are collateralized by a lien on the lessee�� interest in the leased property.
The Company�� portfolio of agricultural (non-real estate) loans includes loans for financing agricultural production, including loans to businesses or individuals engaged in the production of timber, poultry, livestock or crops. The Company�� agricultural (non-real estate) loans are generally secured by farm machinery, livestock, crops, vehicles or other agricultural-related collateral. A portion of the Company�� portfolio of agricultural (non-real estate) loans ! consists ! of loans to individuals which would normally be characterized as consumer loans but for the fact that the individual borrowers are primarily engaged in the production of timber, poultry, livestock or crops.
Deposits
The Company offers an array of deposit products consisting of non-interest bearing checking accounts, interest bearing transaction accounts, business sweep accounts, savings accounts, money market accounts, time deposits and individual retirement accounts. The Company acts as depository for a number of state and local Governments and Government agencies or instrumentalities. The Company�� deposits come primarily from within the Company�� trade area. As of December 31, 2011, the Company had $41 million in brokered deposits.
Other Banking Services
The Company offers an array of residential mortgage products, including long-term fixed and variable rate loans to be sold on a servicing-released basis in the secondary market. The Company originates residential mortgage loans to be resold on the secondary market primarily through its banking offices located in Arkansas��markets, many of its Texas banking offices and in certain of its acquired offices in the Southeastern United States. The Company offers a range of trust and wealth management services from its headquarters in Little Rock, Arkansas, with additional staff in Rogers, Arkansas. These trust and wealth management services include personal trusts, custodial accounts, investment management accounts, retirement accounts, corporate trust services, including trustee, paying agent and registered transfer agent services, and other incidental services. As of December 31, 2011, total trust assets were approximately $1.02 billion.
The Company offers treasury management products which are designed to provide specialized support to the treasury operations of business and public funds customers. The Company�� treasury management services include automated clearing house serv! ices (dir! ect deposit, direct payment and electronic cash concentration and disbursement), wire transfer, zero balance accounts, current and prior day transaction reporting, lock box services, remote deposit capture services, automated credit line transfer, investment sweep accounts, reconciliation services, positive pay services, credit line analysis and account analysis. It offers an online banking service for both business customers and consumers. Through this service customers can access their account information, pay bills, transfer funds, view images of cancelled checks, reorder checks, buy the United States Savings Bonds, change addresses, issue stop payment requests, receive detailed statements and handle other banking business electronically. The Company also provides businesses and consumers the option to electronically receive monthly bank statements and provides a 13-month archive of monthly statements and cancelled check images.
Advisors' Opinion:- [By Marc Bastow]
Yet another bank, Bank of the Ozarks (OZRK) raised its dividend 4.5% to 23 cents per share, payable April 18 to shareholders of record as of April 11.
OZRK Dividend Yield: 1.37% - [By Eric Volkman]
Bank of the Ozarks (NASDAQ: OZRK ) is rewarding its shareholders by paying a higher dividend. The company has declared a common stock dividend of $0.19 per share, to be handed out on July 19 to shareholders of record as of July 12. That amount is $0.02, or 12%, higher than the company's previous disbursement of $0.17 per share, which was paid in mid-April.
- [By Laura Brodbeck]
Monday
Earnings Releases Expected: Citigroup Inc. (NYSE: C), Saratoga Investment Corp. (NYSE: SAR), Bank of the Ozarks (NASDAQ: OZRK) Economic Releases Expected: Japanese industrial production, eurozone industrial productionTuesday
- [By Monica Gerson]
Bank of the Ozarks (NASDAQ: OZRK) is estimated to post its Q3 earnings at $0.39 per share.
Synergetics USA (NASDAQ: SURG) is projected to post its Q4 earnings at $0.03 per share on revenue of $17.32 million.
Hot Life Sciences Companies To Own For 2014: First Security Group Inc.(FSGI)
First Security Group, Inc. operates as the holding company for FSGBank that provides banking and financial products and services to various communities in eastern and middle Tennessee and northern Georgia. The company offers various deposit services, such as checking, savings, and money market accounts, as well as certificates of deposit. It offers commercial loans, including loans to smaller business ventures, credit lines for working capital, short-term seasonal or inventory financing, and letters of credit; real estate?construction and development loans to residential and commercial contractors and developers; and consumer loans to individuals for personal, family, and household purposes, including secured and unsecured installment and term loans. The company also offers commercial mortgage loans to finance the purchase of real property; commercial leasing for new and used equipment, fixtures, and furnishings to owner-managed businesses; and leasing for forklifts, heavy equipment, and other machinery to owner-managed businesses primarily in the trucking and construction industries. It also provides trust and investment management, mortgage banking, financial planning, and electronic banking services, such as Internet banking, online bill payment, cash management, ACH originations, wire transfers, direct deposit, traveler?s checks, safe deposit boxes, United States savings bonds, and remote deposit capture, as well as equipment leasing. The company operates 38 full-service banking offices and 1 loan and lease production office. Its market areas include in Bradley, Hamilton, Jackson, Jefferson, Knox, Loudon, McMinn, Monroe, Putnam, and Union counties, Tennessee; and Catoosa and Whitfield counties, Georgia. First Security Group was founded in 1974 and is headquartered in Chattanooga, Tennessee.
Advisors' Opinion:- [By Roberto Pedone]
First Security Group (FSGI) operates as the holding company for FSGBank, which provides banking products and services to various communities in Tennessee and Georgia. This stock closed up 6.5% to $2.29 in Tuesday's trading session.
Tuesday's Range: $2.16-$2.30
52-Week Range: $1.30-$7.45
Tuesday's Volume: 80,000
Three-Month Average Volume: 509,606From a technical perspective, FSGI ripped higher here right above some near-term support levels at $2.14 to $2.12 with lighter-than-average volume. This move is quickly pushing shares of FSGI within range of triggering a major breakout trade. That trade will hit if FSGI manages to take out some near-term overhead resistance levels at $2.38 to $2.52 and then once it clears its 200-day moving average at $2.80 with high volume.
Traders should now look for long-biased trades in FSGI as long as it's trending above some key support levels at $2.14 to $2.12 and then once it sustains a move or close above those breakout levels with volume that hits near or above 509,606 shares. If that breakout triggers soon, then FSGI will set up to re-fill some of its previous gap down zone from June that started at $5.08.
- [By Ning Jia]
The case for First Security Group (FSGI) is interesting. It is bank holding company that is obscure, cheap and unloved. As the company completed the recapitalization earlier this year, I think the market has been under-appreciating its potential to return to growth and profitability as a result of the much-needed recapitalization.
Hot Life Sciences Companies To Own For 2014: Actuate Corp (BIRT)
Actuate Corporation (Actuate), incorporated in November 1993, provides software and services to develop and deploy custom Business Intelligence and information applications. Actuate offers ActuateOne to develop and deploy Business Intelligence and Reporting Tools (BIRT)-based custom Business Intelligence and information applications focusing on browsers and mobile devices that deliver content hosted in cloud, software-as-a-service (SaaS) and on premises deployments. Its products and services are used by its customers to develop and deploy applications across a range of business functions, including financial management, sales management, account management, and customer self-service. Xenos solutions, based on Xenos Enterprise Server, loads, transforms and presents high volumes of data and documents across multiple channels. Actuate�� BIRT Spreadsheet products are Excel-based. In February 2014, Actuate Corporation announced the acquisition of legodo ag.
ActuateOne-Business Intelligence, Analytics and Reporting
Actuate offers a range of BIRT-based Business Intelligence (BI), analytics and reporting features within the integrated ActuateOne platform, providing 64-bit, in-memory analytics, user configurable dashboards, ad-hoc query, interactive mobile and Web content, brochure-quality reporting, and spreadsheet analysis. ActuateOne provides a platform upon which Global 9000 and packaged application software vendors develop and deploy BI and information applications. Such applications retrieve business information from databases, as well as print streams and deliver it as dashboards, interactive Web pages, spreadsheets, mobile content and analytic cubes to customers, partners and employees worldwide.
Xenos Enterprise Server Framework
Xenos Enterprise Server (ES) is an application that captures, identifies, routes, stores and retrieves structured and unstructured documents and data. Xenos ES supports the processing, extraction, transformation, repurposi! ng and personalization of structured and unstructured data in both legacy and SOA environments. Xenos ES distributes documents across multiple channels, such as Web, mobile and tablet devices in addition to providing interactivity and document analytics through its integration with ActuateOne.
Performance Analytics
Actuate BIRT Performance Analytics provides interactive dashboards, analytics, and scorecards. With Web interface, users across the enterprise can monitor operations, identify and analyze performance issues and enact initiatives.
BIRT Spreadsheet
Actuate�� BIRT Spreadsheet products deliver Excel-like reporting, formatting and calculation functionality within Java applications. Actuate BIRT Spreadsheet products can also leverage all the Actuate deployment options-embedded in applications or deployed cloud or on-premise enterprise environments.
The Company competes with Information Builders, Qlik Tech, Pentaho, Jaspersoft, MicroStrategy, IBM, Microsoft, Oracle and SAP.
Advisors' Opinion:- [By Roberto Pedone]
Actuate (BIRT) provides software solutions and services to corporate and government customers worldwide. This stock closed up 1.7% to $4.54 in Tuesday's trading session.
Tuesday's Range: $4.43-$4.57
52-Week Range: $3.41-$8.23
Tuesday's Volume: 213,000
Three-Month Average Volume: 319,262From a technical perspective, BIRT trended modestly higher here back above its 50-day moving average of $4.51 with lighter-than-average volume. This move to the upside on Tuesday is starting to push shares of BIRT within range of triggering a major breakout trade. That trade will hit trigger if BIRT manages to take out some key overhead resistance levels at $4.60 to $4.75 and then above more resistance at $4.85 with high volume.
Traders should now look for long-biased trades in BIRT as long as it's trending above some key near-term support levels at $4.30 to $4.25 and then once it sustains a move or close above those breakout levels with volume that hits near or above 319,262 shares. If that breakout starts soon, then BIRT will set up to re-fill some of its previous gap-down-day zone from May that started near $6.
Hot Life Sciences Companies To Own For 2014: Goldsearch Ltd (GSE)
Goldsearch Limited (Goldsearch) is an Australia-based minerals company. During the fiscal year ended June 30, 2012 (fiscal 2012), the Company was engaged in the exploration of gold and other minerals and investment activities. It operates in five segments: Mineral Exploration Sweden, Minerals Exploration Australia-Victoria, Minerals Exploration Australia-Other, Investments and Administration. Its other projects include the Mary Kathleen joint venture in Queensland and the Musgrave joint venture in South Australia. It held 16,000 square kilometres of tenements within the Musgrave Ranges of northwestern South Australia that were in joint venture between Goldsearch and Independence Group. During fiscal 2012, the Company held investments in Morning Star Gold NL (MCO) and Musgrave Minerals Ltd (MGV). On June 30, 2012, the Company had sold off its total investment in Independence Group NL (IGO). Its subsidiaries include: Caytale Pty Limited, Chiljill Pty Limited and Miltonpak Pty Limited. Advisors' Opinion:- [By Roberto Pedone]
Another environmental services player that looks ready to trigger a near-term breakout trade is GSE Holdings (GSE), which provides geosynthetic containment solutions for environmental protection and confinement applications. This stock has been hammered by the bears so far in 2013, with shares down big by 55%.
If you take a look at the chart for GSE Holdings, you'll notice that this stock recently ripped sharply higher back above its 50-day moving average of $2.32 a share with heavy upside volume. Following that move, shares of GSE have started to trend sideways between $2.60 on the downside and $2.95 on the upside. Shares of GSE are now starting to move within range of triggering a near-term breakout trade above the upper-end of its recent range.
Traders should now look for long-biased trades in GSE if it manages to break out above some near-term overhead resistance levels at $2.79 to $2.95 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 221,545 shares. If that breakout hits soon, then GSE will set up to re-test or possibly take out its next major overhead resistance levels at $3.50 to $4 a share.
Traders can look to buy GSE off any weakness to anticipate that breakout and simply use a stop that sits right below support at $2.60 or below its 50-day moving average at $2.32 a share. One could also buy GSE off strength once it takes out those breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point.
Hot Life Sciences Companies To Own For 2014: PowerShares DB Agriculture Fund (DBA)
PowerShares DB Agriculture Fund (the Fund) is a separate series of PowerShares DB Multi-Sector Commodity Trust (the Trust). The Fund�� subsidiary is DB Agriculture Master Fund (the Master Fund), a separate series of DB Multi-Sector Commodity Master Trust (the Master Trust). The Fund offers common units of beneficial interest (the Shares) only to certain eligible financial institutions (the Authorized Participants) in one or more blocks of 200,000 Shares, called a Basket. The proceeds from the offering of Shares are invested in the Master Fund. The proceeds from the offering of Shares are invested in the Master Fund.
The Master Fund invests with a view to tracking the changes, whether positive or negative, in the level of the Deutsche Bank Liquid Commodity Index Diversified Agriculture Excess Return (DBLCI Diversified Agriculture ER (the Index)) plus the excess, if any, of the Master Fund�� income from its holdings of United States Treasury Obligations and other short-term fixed income securities over the expenses of the Fund and the Master Fund. The Index is calculated to reflect the change in market value of the agricultural sector. The commodities comprising the Index are corn, soybeans, wheat, kansas city wheat, sugar, cocoa, coffee, cotton, live cattle, feeder cattle and lean hogs (the Index Commodities). The Master Fund also holds United States Treasury Obligations and other short-term fixed income securities for deposit with the Master Fund�� commodity broker as margin. The Index is composed of notional amounts of each of the underlying Index Commodities.
DB Commodity Services LLC serves as the managing owner, commodity pool operator and commodity trading advisor of the Fund and the Master Fund. The Bank of New York Mellon serves as the administrator of the Fund and the Master Fund.
Advisors' Opinion:- [By Paul Ausick]
The PowerShares DB Agriculture fund (NYSEMKT: DBA) was trading down about 0.2% before the report, and remained flat at $25.44, in a 52-week range of $24.36 to $29.64.
- [By idahansen]
Due to the impact of The Great Recession, stocks in the agricultural sector such as Caterpillar (NYSE: CAT), The Mosiac Company (NYSE: MOS), and Potash of Saskatchewan (NYSE: POT) are trading well below highs. The exchange traded fund for the industry, DBA Power Shares, (NYSE: DBA), is down more than 17% for the last year. Despite this bearish trend, legendary investors such as Warren Buffett, George Soros, and Jim Rogers are very positive for the agriculture group. With the long term bullish outlook for the sector from the greatest investors in history, small cap stocks active in the fertilizer sector such as Sirius Minerals (LSE: SXX) and Americas Petrogas (TSX: BOE) are especially attractive.
- [By Richard Stavros]
The benchmark agricultural commodity ETF is PowerShares DB Agriculture (DBA). It is a pure food products commodity play. It holds futures contracts on corn, wheat, soybeans, and sugar. These contracts are rolled over before expiration to maintain exposure.
Hot Life Sciences Companies To Own For 2014: Wolverine World Wide Inc.(WWW)
Wolverine World Wide, Inc. designs, manufactures, sources, markets, licenses, and distributes branded footwear, apparel, and accessories. It offers industrial work shoes, boots, uniform shoes, outdoor sports footwear, rugged casual footwear, lifestyle footwear, sandals, and closed-toe products. It also provides outdoor apparel, and work and rugged casual apparel; and accessories, such as packs, bags, and luggage, as well as eyewear, gloves, handbags, socks, watches, and plush toys. The company offers its products under various brand names, including Bates, Cat Footwear, Chaco, Cushe, Harley-Davidson Footwear, Hush Puppies, HyTest, Merrell, Patagonia Footwear, Sebago, Soft Style, and Wolverine. It sells its products to a range of retail customers, which comprise department stores, national chains, catalogs, specialty retailers, mass merchants, Internet retailers, governments, and municipalities in the United States, Canada, and Europe. The company also markets its products in approximately 190 countries and territories through company-owned wholesale operations, licensees, and distributors. It also licenses its brands for use on non-footwear products. As of December 31, 2011, the company operated 101 retail stores in the United States, Canada, and the United Kingdom; and operated 42 consumer-direct Websites. Further, it markets pigskin leather, and purchases raw pigskins from other source. Wolverine World Wide, Inc. was founded in 1883 and is based in Rockford, Michigan.
Advisors' Opinion:- [By Suravi Thacker]
Some of the prominent players in the industry are Crocs (CROX), Deckers Outdoor Corporation (DECK) and Wolverine World Wide (WWW). Each of the players has adopted a variety of ways to attract customers and boost its revenue.
- [By Suravi Thacker]
A typical example here is that of Wolverine World Wide (WWW), provider of casual and designer footwear. This company is doing well and its second quarter results were not an exception. It reported better than expected numbers, beating the Street�� estimates. Let us take a look.
- [By Isaac Pino, CPA]
Sustainable, exactly, long term. Let's start with wealth and the importance of walkability in creating strong economies -- and strong companies, for that matter. One of the things that you point out is a company called Wolverine Worldwide� (NYSE: WWW ) , I think based in Grand Rapids, Mich.?
- [By Michael Lewis]
Two of the biggest shoe companies available to investors, Deckers Outdoor (NASDAQ: DECK ) and Wolverine Worldwide (NYSE: WWW ) , have experienced great growth in recent periods, with the former posting a 20% stock gain on the day it released earnings last week. Both companies have made fantastic accretive brand purchases and renovations over the past year, and both should continue to grow at appealing rates. Unfortunately for investors, both also appear to be fully valued stocks. The question for investors going forward regards whether the companies' phenomenal successes can sustain the lofty valuations imparted by an ever-myopic market.
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