The Dow Jones Industrial Average (DJINDICES: ^DJI ) started off earnings season on a strong note, gaining 89 points, or 0.6%, in relatively steady trading. On a day with no major economic reports, the good feelings from last week's employment report and optimism about earnings season seemed to carry the blue chips higher. Alcoa (NYSE: AA ) kicked off the quarterly announcements after hours today, as the aluminum maker slightly beat expectations with an adjusted earnings per share of $0.07 versus the consensus at $0.06, and reiterated its forecast for aluminum demand to increase 7% this year. Revenue fell 2% to $5.85 billion on lower metal prices, but that also beat estimates of $5.83 billion. After a gain of 1.4% during the trading session, shares fell back 0.25% following the report.
Tech stocks were behind the curve today, as the Nasdaq gained just 0.16%, mainly because Intel (NASDAQ: INTC ) got downgrades from Citigroup and Evercore Partners, slashing 3.6% off of the chipmaker's share price. Citi analyst Glen Yeung said there was a ceiling in Intel's share price, given weakening PC sales and repeated downward earnings revisions. Evercore, meanwhile, said unit sales of Intel chips could be down as much as 10% this year as PC sales continue to fall further than expected.
Halcon Resources Corporation (Halcon Resources), incorporated on February 5, 2004, is an independent energy company focused on the acquisition, production, exploration and development of onshore liquids-rich oil and natural gas assets in the United States. The Company has oil and natural gas reserves located primarily in Texas, North Dakota, Louisiana, Oklahoma and Montana. On August 1, 2012, the Company acquired GeoResources by merger. On December 6, 2012, the Company completed the acquisition of entities owning approximately 81,000 net acres prospective for the Bakken / Three Forks formations primarily located in Williams, Mountrail, McKenzie and Dunn Counties, North Dakota (the Williston Basin Assets), from Petro-Hunt, L.L.C. and Pillar Energy, LLC (the Petro-Hunt parties). As of December 31, 2012, the Company has working interests in approximately 128,000 net acres prospective for the Bakken / Three Forks formations in North Dakota and Montana.
The Company�� Woodbine / Eagle Ford acreage is prospective for the Woodbine, Eagle Ford and other formations, with targeted depths ranging anywhere from 7,000 feet to 10,400 feet. As of December 31, 2012, The Company has approximately 198,000 net acres leased or under contract primarily in Leon, Madison, Grimes, Brazos, and Polk Counties, Texas. The Company is the operator and has a 100% working interest in more than 12,000 net acres in Wichita and Wilbarger Counties, Texas that it is actively water flooding in shallow Cisco aged Pennsylvania sandstone and limestone reservoirs. As of December 31, 2012, the Company produced 484 million barrels of oil equivalent from approximately 700 active producing wells and approximately 230 active water injection wells.
The Company�� position in the La Copita Field covers 3,720 gross acres and 2,829 net acres in Starr County, Texas. As of December 31, 2012, the Company�� average net daily production was 623 barrels of oil equivalent per day. The Company operates 100% of this production a! nd its working interest ranges from 75% to 100%. The Company has various other oil and natural gas properties with varying working interests located across the United States, including the Austin Chalk Trend and Eagle Ford Shale in Texas, the Fitts-Allen Fields in Central Oklahoma, and various other areas across South Louisiana, Montana, North Dakota, New Mexico, and West Virginia.
Advisors' Opinion: - [By Joel South and Taylor Muckerman]
In this video, Motley Fool energy analysts Joel South and Taylor Muckerman look at Halcon (NYSE: HK ) , one E&P company that was hit hard yesterday, as GDP news out of China meant commodities were dealt a painful blow across the board. Joel tells us about some of this company's upcoming expansion efforts and why he loves them overall, and why the sell-off this week could be a great time to buy.
- [By Matt DiLallo]
The other risk that can't be overlooked is the threat from ceramic proppants, like those made by�CARBO Ceramics� (NYSE: CRR ) , which could take a greater market share than is currently projected. Referring to the demand chart, frac sand is projected to remain 75% of the proppant market as that market grows. However, some shale plays like the Bakken are forcing producers to turn to higher-cost ceramic proppants because the returns are better.�Halcon Resources� (NYSE: HK ) , for example, pointed out that its strategy to use ceramic proppants was one of the�driving forces�behind its improved returns in the Bakken. The company saw much higher initial production rates, while expecting better estimated ultimate recovery rates from its investment in ceramic proppants. If ceramics do end up taking market share, it could crush my investment in Hi-Crush.
- [By Aimee Duffy]
A look ahead
Despite these record numbers, by most accounts the Eagle Ford is just getting started. Tens of billions of dollars are being invested in the play this year, which means there will likely be many bright days ahead for South Texas. In fact, parts of the play have barely been tapped into. Consider the work that Halcon Resources (NYSE: HK ) is doing in the East Texas portion of the play. The company announced earlier this month that production results from the last two wells it drilled are 18% higher than any well it has drilled in the area so far. On top of that, the output is 94% crude oil.
- [By David Sterman]
2. Halcon Resources (NYSE: HK) Insiders bought more than $2 million of this energy exploration firm in early August as part of a secondary share offering priced at $5.10 a share. In the past 10 days, as shares have slipped below the $5 mark, insiders have continued to accumulate shares. Halcon has a legion of fans in the financial blogosphere, and this recent post typifies the bullish sentiment of some.
Hot Integrated Utility Stocks To Watch Right Now: Marathon Investments Ltd (MARA)
Marathon Investments Ltd is an Israel-based company that invests in income-producing industrial companies. The Company's portfolio includes companies in the fields of heat treatment, biotechnology, inspection and advanced electronics. Its portfolio comprises of a number of companies: Protalix Biotherapeutics Inc. which produces plant protein-based medical treatment; Nanomotion Ltd. which develops, manufactures and markets tiny solid-state ceramic servo motors and positioning systems; Margan Business Development Ltd. which engages in early building and facility damage detection; BioView Ltd. which develops and manufactures medical screening and diagnostics systems; Solcon Industries Ltd. is a high technology electronics manufacturer, whose products are intended for installation in low and medium voltage AC Motor switchgear, and Chromat Ltd., which is a commercial steel heat treatment company, among others.
Advisors' Opinion: - [By CRWE]
Today, MARA has shed (-3.78%) down -0.23 at $5.85 with�23,913 shares in play thus far (ref. google finance Delayed: 11:09AM EDT September 11, 2013).
Marathon Patent Group, Inc. previously reported its financial results for the second quarter ended June 30, 2013 (“Q2 2013″).
For Q2, 2013, the Company reported gross revenue of $1,524,979, as a result of three patent licensing and settlement agreements. Q2 2013 marks the first quarter the Company has reported significant licensing and settlement revenue. Included in the gross revenue amount is the value of certain patents received in settlement from a defendant.
Hot Integrated Utility Stocks To Watch Right Now: Red Robin Gourmet Burgers Inc.(RRGB)
Red Robin Gourmet Burgers, Inc., together with its subsidiaries, develops, operates, and franchises casual-dining restaurants in the United States and Canada. As of February 16, 2012, the company operated 465 Red Robin restaurants, including 328 company-owned restaurants and 137 restaurants operating under franchise agreements. Its restaurants offer gourmet burgers, as well as various salads, soups, appetizers, entrees, desserts, and signature Mad Mixology alcoholic and non-alcoholic specialty beverages Red Robin Gourmet Burgers, Inc. was founded in 1969 and is headquartered in Greenwood Village, Colorado.
Advisors' Opinion: - [By Dan Caplinger]
Still, the stock's performance reflects overall enthusiasm about restaurant chains generally. Red Robin Gourmet Burgers (NASDAQ: RRGB ) struggled mightily during the recession, but its stock has bounced back convincingly, with gains sending shares to levels not seen since 2005. Even Brinker International (NYSE: EAT ) , which cut its estimates on same-store sales growth to just 1%, and guided earnings to the lower end of its previous range, has seen its stock soar in anticipation of better times ahead.
Hot Integrated Utility Stocks To Watch Right Now: SolarCity Corp (SCTY)
SolarCity Corporation (SolarCity), incorporated on June 21, 2006, is engaged in the design, installation and sale or lease of solar energy systems to residential and commercial customers, or sale of electricity generated by solar energy systems to customers. The Company sells renewable energy to its customers. As of December 12, 2012, the Company served customers in 14 states. The Company�� residential customers are individual homeowners and homeowners. The Company�� commercial customers represent several business sectors, including technology, retail, manufacturing, agriculture, nonprofit and houses of worship. The Company has installed solar energy systems for several government entities, including the the United States Air Force, Army, Marines and Navy, and the Department of Homeland Security. The Company purchases major components, such as solar panels and inverters directly from multiple manufacturers. As of September 30, 2012, its primary solar panel suppliers were Trina Solar Limited, Yingli Green Energy Holding Company Limited and Kyocera Solar, Inc., among others, and its primary inverter suppliers were Power-One, Inc., SMA Solar Technology, AG, Schneider Electric SA, Fronius International GmbH and SolarEdge Technologies, among others.
Solar Energy Products
The Company�� solar energy products include Solar Energy Systems, and SolarLease and power purchase agreement finance products. The major components of its solar energy systems include solar panels that convert sunlight into electrical current. Most of its solar energy customers choose to purchase energy from the Company pursuant to one of two payment structures: a SolarLease or a power purchase agreement. In both structures, the Company charges customers a monthly fee for the power produced by its solar energy systems. In the lease structure, this monthly payment is pre-determined and includes a production guarantee. In the power purchase agreement structure, the Company charges customers a fee per kilowatt! hour based on the amount of electricity actually produced by the solar energy system.
Energy Efficiency Products and Services
The Company�� energy efficiency products and services include home energy evaluation and energy efficiency upgrades. The Company sells home energy efficiency evaluations to new solar energy system customers and existing customers. The Company�� energy efficiency upgrade products and services address heating and cooling, air sealing, duct sealing, water heating, insulation, furnaces, weatherization, pool pumps and lighting. As of December 12, 2012, the Company had completed over 13,000 home energy evaluations and performed more than 2,000 energy efficiency upgrades.
Other Energy Products and Services
The Company�� other energy products and services include electric vehicle charging and energy storage. The Company installs electric vehicle (EV) charging equipment that it sources from third parties. SolarCity markets EV equipment to residential and commercial customers through retail partnerships with companies, such as The Home Depot, and through EV manufacturers and dealerships, such as its partnership with Tesla Motors, Inc. The Company is developing a battery management system built on its solar energy monitoring communications backbone. As of December 12, 2012, the Company had over 100 energy storage pilot projects under contract. As of December 12, 2012, the Company had sold over 750 charging stations.
Enabling Technologies
The Company�� enabling technologies include SolarBid Sales Management Platform, SolarWorks Customer Management Software, Energy Designer, Home Performance Pro and SolarGuard and PowerGuide Proactive Monitoring Solutions. SolarBid is a sales management platform, which incorporates a database of rate information by utility, sun exposure, roof orientation and a range of other factors to enable a detailed analysis and customized graphical presentation of each customer� �s savin! gs.
SolarWorks is the software platform the Company uses to track and manage project. Energy Designer is a software application its field engineering auditors use to collect pertinent site-specific design details on a tablet computer. Home Performance Pro is its energy efficiency evaluation platform that incorporates the United States Department of Energy�� Energy Plus simulation engine. Home Performance Pro collects and stores details of a building�� construction and energy use. SolarGuard and PowerGuide provide its customers a view of their home�� or business�� energy generation and consumption.
The Company competes with American Solar Electric, Inc., Astrum Solar, Inc., Petersen Dean, Inc., Real Goods Solar, Inc., REC Solar, Inc., Sungevity, Inc., Trinity Solar, Inc., Verengo, Inc., SunRun Inc. and Ameresco, Inc.
Advisors' Opinion: - [By Travis Hoium]
Vivint Solar has patiently waited to go public and now that SolarCity (NASDAQ: SCTY ) has done the dirty work educating the market on solar and the market is near all-time highs, it's time to cash in. Blackstone Group, whose affiliate owns Vivint Solar, recently filed an updated S-1 that proposed raising as much as $426 million in Vivint's IPO, valuing the company at $1.9 billion.
- [By Rick Munarriz]
However, don't sell Musk short on his ability to justify premium pricing on features that save money over time. That's his strategy at SolarCity (NASDAQ: SCTY ) , where solar panel installations are billed monthly at a rate that equates the energy savings over traditional electric power.
- [By Monica Gerson]
SolarCity (NASDAQ: SCTY) shares jumped 4.14% to $60.43 in pre-market trading. SolarCity's trailing-twelve-month revenue is $125.18 million.
Posted-In: PreMarket GainersNews Pre-Market Outlook Markets Movers
Hot Integrated Utility Stocks To Watch Right Now: CBL & Associates Properties Inc. (CBL)
CBL & Associates Properties, Inc. is a public real estate investment trust. It engages in acquisition, development, and management of properties. The fund invests in the real estate markets of United States. Its portfolio consists of enclosed malls and open-air centers. CBL & Associates Properties is based in Oak Brook, Illinois. CBL & Associates Properties was founded in 1978 and is based in Chattanooga, Tennessee.
Advisors' Opinion: - [By Dividend King]
CBL & Associates Properties Inc (CBL): CBL & Associates Properties Inc distributes an annual dividend of $0.84, has yield of 4.70% and a payout ratio of 135%. During the last 12 months, sales and income increased 0.40% and 17.80%, respectively.
- [By Marc Bastow]
Regional shopping mall real estate investment trust (REIT) CBL & Associates (CBL) raised its quarterly dividend 6.5% to 24.5 cents per share, payable on Jan. 15 to shareholders of record as of Dec. 30.
CBL Dividend Yield: 5.44%
Hot Integrated Utility Stocks To Watch Right Now: Fresh Healthy Vending International Inc (VEND)
Fresh Healthy Vending International, Inc., formerly Green 4 Media, Inc., incorporated on June 8, 2011, is an eco-marketing and advertising company. The Company focuses on designing marketing and advertising campaigns utilizing natural media. The Company offers a range of natural advertising options, including Floor, Vertical, and Field media. The Company can contour grass, crops, sand, moss, or sea shells to produce designs and marketing messages.
Floor and field media involves the use of sand, chalk, snow, and specialized cleaning to create 100% environmentally sustainable messages and advertisements. Vertical media uses walls, buildings, or bridges to act as the canvas for its ad creations.
Advisors' Opinion: - [By James E. Brumley]
Given its 144% gain since the end of last year, with 7% of that move coming today, it wouldn't be tough to get excited about Fresh Healthy Vending International Inc. (OTCBB:VEND) ... excited enough to jump into a VEND position. Unfortunately, there are a bunch of tell-tale signs that today is a major (albeit short-term) top today, and we're very likely headed for a sizable correction beginning tomorrow.