After a big decline of more than 200 points yesterday, the Dow Jones Industrials (DJINDICES: ^DJI ) has spent the morning trading in a narrow range as investors wait for tomorrow's news on the U.S. employment picture. Although today's data included a drop in weekly unemployment claims that would ordinarily have spurred some optimism about tomorrow's report, investors aren't sure whether to root for a strong jobs report that would point to a healthier economy or for a weak report that would increase the odds of further accommodation from the Federal Reserve. That uncertainty kept the stock market near breakeven, with the Dow down two points as of 10:55 a.m. EDT.
But some stocks are bouncing back for shareholders. Home Depot (NYSE: HD ) has risen 2.2% after getting hit hard in recent days. Rising interest rates have made their way into the mortgage loan market, and that has investors fearing a potential reversal in the substantial home-price gains that the housing market has seen over the past year. Yet reports yesterday that private-equity company Kelso might try to sell off its Custom Building Products home-furnishings and construction manufacturer might have reminded investors that Home Depot might benefit from a potential IPO of its former HD Supply unit, in which it still retains a 12.5% stake.
Best Integrated Utility Stocks To Buy For 2015: RCM Technologies Inc.(RCMT)
RCM Technologies, Inc., together with its subsidiaries, engages in the design, development, and delivery of business and technology solutions for commercial and government sectors in North America. It operates through three segments: Information Technology (IT), Engineering, and Commercial Services. The IT segment provides enterprise business solutions, application services, infrastructure solutions, competitive advantage and productivity solutions, and life sciences solutions. The Engineering segment offers engineering and design, engineering analysis, engineer-procure-construct, configuration management, hardware/software validation and verification, quality assurance, technical writing and publications, manufacturing process planning and improvement, reliability centered maintenance, component and equipment testing, and risk management engineering services. The Commercial Services segment provides long-term and short-term staffing, executive search, and placement servic es in various fields, including rehabilitation, nursing, managed care, allied health care, health care management, and medical office support, as well as offers in-patient, outpatient, sub-acute and acute care, multilingual speech pathology, rehabilitation, geriatric, pediatric, and adult day care services to hospitals, long-term care facilities, schools, sports medicine facilities, and private practices. This segment also offers contract and temporary services, and permanent placement services for full-time and part-time personnel in various functional areas, including office, clerical, data entry, secretarial, light industrial, shipping, receiving, and general warehousing. The company offers its services to aerospace/defense, energy, financial services, life sciences, manufacturing and distribution, public sector, and technology industries. RCM Technologies, Inc. was founded in 1971 and is based in Pennsauken, New Jersey.
Advisors' Opinion:- [By CRWE]
RCM Technologies, Inc. (Nasdaq:RCMT) reported that primarily due to unexpected and extended client procedural delays in awarding certain engagements under an existing contract with a major North American utility, the Company’s second quarter revenues and operating income will fall short of its expectations.
Top 5 Building Product Stocks To Invest In 2014: D.R. Horton Inc.(DHI)
D.R. Horton, Inc. operates as a homebuilding company in the United States. The company?s Homebuilding segment engages in the acquisition and development of land, and construction and sale of residential homes on the land in 26 states and 72 markets in the United States primarily under the name of D.R. Horton and America?s Builder. This segment also builds traditional single-family detached homes, as well as attached homes, such as town homes, duplexes, triplexes and condominiums, which share common walls and roofs. Its Financial Services segment involves in originating and selling mortgages, as well as provides title insurance policies, examination, and closing services to homebuyers. The company markets and sells its homes through commissioned employees and independent real estate brokers. The company was founded in 1978 and is based in Fort Worth, Texas.
Advisors' Opinion:- [By Melvin Backman]
A handful of other homebuilder stocks are also seeing some small gains as well, including D.R. Horton (DHI), Lennar (LEN) and PulteGroup (PHM).
Airline companies continue to soar: Delta Airlines (DAL, Fortune 500)ended the day 2% higher. It continues to be one of the top performers in the S&P 500 this year. Delta recently announced more routes in and out of Seattle as it grows it presence there, going head-to-head in the "Battle for Seattle" with Alaska Air. Southwest Airlines (LUV, Fortune 500) is also up more than 2% today.
- [By Erika Janowicz]
Compass Point analyst Wilkes Graham updated his housing forecast:
Graham increased assumed ROI's to 9% on average from 7%. Reduced targeted sector price/ book from $190% to 170%. Expects 20-30% growth in starts and new home sales in 2012 and 2013 to stabilize in 2014 and on at approximately 10%. For covered builders, the analyst lowered estimates by 8% and lowered price targets by 10%. Compass Point expects 10% annual growth in single family starts and new home sales and 2-5% pricing growth. Downgraded DR Horton Inc. (NYSE: DHI) from Buy to Neutral and KB Home (NYSE: KBH) from Neutral to Sell. DR Horton's and KB Home's PT was lowered from $23.50 to $20.00 and from $17.50 to $14.00, respectively. Graham reiterated a Buy rating on Ryland Group Inc. (NYSE: RYL) and Standard Pacific Corp. (NYSE: SPF). The analyst raised the PT on Ryland from $50.00 to $50.50 and lowered the PT on Standard Pacific from $10.00 to $9.50. Compass Point reiterated a Neutral rating on Beazer Homes USA Inc. (NYSE: BZH), Hovnanian Enterprises Inc. (NYSE: HOV), Lennar Corp. (NYSE: LEN), PulteGroup, Inc. (NYSE: PHM), and Toll Brothers Inc. (NYSE: TOL). The price target for Beazer and Hovnanian was raised from $15.50 to $24.00 and $5.00 to $5.75, respectively. Graham lowered the PT for Lennar, Pulte, and Toll to $34.50, $17.00, and $31.00.This Week's Data
- [By John Maxfield]
If that isn't enough, moreover, the nation's two largest homebuilders are both set to report earnings on Thursday. D.R. Horton (NYSE: DHI ) is expected to earn $0.34 per share on $1.71 billion in revenue. Following the company's last earnings release, its shares rose to a six-year high after announcing that its fiscal second-quarter profit more than doubled over the preceding three-month time period.
- [By Jake L'Ecuyer]
Top Headline
D.R. Horton (NYSE: DHI) reported a rise in its fiscal fourth-quarter profit.D.R. Horton's quarterly profit surged to $139.5 million, or $0.40 per share, from a year-ago profit of $100.1 million, or $0.30 per share.
Top 5 Building Product Stocks To Invest In 2014: Nordstrom Inc.(JWN)
Nordstrom, Inc., a fashion specialty retailer, offers apparel, shoes, cosmetics, and accessories for women, men, and children in the United States. It offers a selection of brand name and private label merchandise. The company sells its products through various channels, including Nordstrom full-line stores, off-price Nordstrom Rack stores, Jeffrey? boutiques, treasure & bond, and Last Chance clearance stores; and its online store, nordstrom.com, as well as through catalog. Nordstrom also provides a private label card, two Nordstrom VISA credit cards, and a debit card for Nordstrom purchases. The company?s credit and debit cards feature a shopping-based loyalty program. As of September 30, 2011, it operated 222 stores, including 117 full-line stores, 101 Nordstrom Racks, 2 Jeffrey boutiques, 1 treasure & bond store, and 1 clearance store in 30 states. The company was founded in 1901 and is based in Seattle, Washington.
Advisors' Opinion:- [By Rich Duprey]
Department store operator Nordstrom (NYSE: JWN ) will pay a second-quarter dividend of $0.30 per share, the same rate it paid last quarter after it increased it 11% from $0.27 per share, the company announced yesterday.
- [By Erin McCarthy]
Nordstrom Inc.(JWN) said Thursday its fiscal first-quarter profit slipped 3.5%, but the high-end department-store operator’s earnings and sales still outpaced expectations. The company also said it will seek a financial partner for its Nordstrom credit card receivables, which totals approximately $2 billion.
- [By Andrew Marder]
The 1% has seen phenomenal income growth recently, and that's spurred growth at companies like Saks (NYSE: SKS ) and Nordstom (NYSE: JWN ) , both of which managed 5% increases in revenue in the last quarter.
Top 5 Building Product Stocks To Invest In 2014: Santa Fe Gold Corp (SFEG)
Santa Fe Gold Corporation (Santa Fe), incorporated in August 1991, is a mining company. As of June 30, 2012, the Company had four projects: its Summit silver-gold and Ortiz gold projects located in New Mexico, and its Black Canyon mica and Planet micaceous iron oxide projects located in Arizona. The Company has constructed a mill and are developing an underground mine at its Summit silver-gold project. Santa Fe�� Summit operations in southwestern New Mexico are conducted through its wholly owned subsidiary, The Lordsburg Mining Company. Its mica operations in Arizona are conducted through its wholly owned subsidiary, Azco Mica Inc. Santa Fe�� activity in Mexico is conducted through its wholly owned subsidiary, Minera Sandia, S.A. de C.V.
Summit Silver-Gold Project
The Summit silver-gold project includes the underground Summit silver-gold mine and related property consisting of 117 acres of patented mining claims and 740 acres of unpatented mining claims in Grant County, southwestern New Mexico, and the Banner mill, including mineral processing equipment consisting of a crushing and screening plant, a ball mill and a 400 ton-per-day flotation plant, and related property consisting of approximately 1,500 acres of wholly owned and leased patented and unpatented mining claims, located approximately 57 miles south of the Summit mine near Lordsburg, Hidalgo County, New Mexico. It owns and operates the Summit project under the Lordsburg Mining Company, a wholly-owned subsidiary. The Summit silver-gold property is located in Grant County, southwestern New Mexico, near the Arizona state line. The Banner mill site lies 57 miles to the south of the Summit property near the town of Lordsburg, Hidalgo County, New Mexico.
Santa Fe�� holdings at the Summit silver-gold property in Grant County, New Mexico consist of 10 patented federal mining claims totaling approximately 117 acres and 62 unpatented federal mining claims totaling approximately 740 acres. Its holdings at an! d adjacent to the Banner mill site in Hidalgo County, New Mexico consists of 86 wholly owned patented federal mining claims, 16 wholly owned unpatented mining claims, 17 leased patented mining claims and 6 leased unpatented mining claims, aggregating approximately 1,500 acres. All wholly owned claims are held in the name of Lordsburg Mining.
Ortiz Gold Project
The Ortiz Mine Grant, over which the Company holds a lease on the mineral estate underlying 42,297 acres (66 square miles) of segregated surface estate, is located 30 miles by road northeast of Albuquerque, Santa Fe County, New Mexico.
The Ortiz Mine Grant is underlain by mid-Tertiary monzonite and latite porphyry stocks, plugs, dikes and sills that have intruded Paleozoic to early-Tertiary sedimentary rocks. The intrusive rocks are part of the Ortiz Porphyry Belt, which comprises from north to south, the Cerrillos Hills, the Ortiz Mountains, the San Pedro Mountains, and South Mountain.
Black Canyon Mica Project
The Black Canyon mine is located 30 miles north of Phoenix, Arizona, and 3.5 miles west-southwest of Black Canyon City. The Glendale processing plant was located in an industrial area on the west side of Phoenix, Arizona, 47 miles to the south of the mine site. Its property holdings at and around the Black Canyon mine consists of 67 federal unpatented mining claims in Yavapai County, Arizona and nine federal unpatented mill site claims in Maricopa County, Arizona, which in total cover approximately 1,385 acres.
Planet Micaceous Iron Oxide (MIO) Project
The Planet property consists of thirty-one patented mining claims totaling 523 acres located in western Arizona. The Planet property is located in the northwest corner of La Paz County, west central Arizona. The property consists of thirty-one patented mining claims totaling 523 acres, consisting of an area of 3,600 feet wide by 8,000 feet long.
Lordsburg Exploration Project
T! he Compan! y in the the Lordsburg (Virginia) Mining District controls approximately 1,500 acres of prospective ground, the majority of which is comprised of patented mining claims that it owns, and the remainder patented and unpatented mining claims that it leases. As of June 30, 2012, the Company had completed an aerial mapping survey covering 30 square miles, carried out data compilation, conducted detailed geologic mapping and sampling, and conducted a geophysical survey.
Advisors' Opinion:- [By CRWE]
Today, SFEG has shed (-11.76%) down -0.016 at $.123 with 30,280 shares in play thus far (ref. google finance Delayed: 10:48AM EDT July 16, 2013), but don�� let this get you down.
Santa Fe Gold Corporation previously reported it has amended the Mogollon option agreement with Columbus Exploration Corporation (CLX-TSX-V) (formerly Columbus Silver Corporation) under which Santa Fe may earn 100% interest in the Mogollon Project, Catron County, New Mexico. The Mogollon Project encompasses most of the Mogollon district in southwest New Mexico, which has substantial recorded historical production of silver and gold. The project fits Santa Fe�� strategic objective of developing new ore sources to augment ore currently processed though its Lordsburg flotation mill.
- [By CRWE]
Today, SFEG surged (+7.35%) up +0.009 at $.130 with 62,550 shares in play thus far (ref. google finance Delayed: 11:32AM EDT July 11, 2013).
Santa Fe Gold Corporation previously reported its Annual Stockholder Meeting is scheduled to be held at 10:00 a.m. Mountain Time on Tuesday, August 6, 2013, at the Albuquerque Marriott Hotel located at 2101 Louisiana Blvd NE, Albuquerque, NM 87110. Santa Fe Gold Corporation is a gold and silver producer with operations in New Mexico. Its Summit mine achieved commercial production in 2012. Summit produces high value gold-silver concentrates and silica flux products that are sold under contract to domestic and overseas smelters.
- [By CRWE]
Last Friday, SFEG had shed (-2.31%) down -0.003 at $.127 with 166,050 shares in play at the close (ref. google finance July 19, 2013 ��Close), but don�� let this get you down.
Santa Fe Gold Corporation previously reported it has amended the Mogollon option agreement with Columbus Exploration Corporation (CLX-TSX-V) (formerly Columbus Silver Corporation) under which Santa Fe may earn 100% interest in the Mogollon Project, Catron County, New Mexico. The Mogollon Project encompasses most of the Mogollon district in southwest New Mexico, which has substantial recorded historical production of silver and gold. The project fits Santa Fe�� strategic objective of developing new ore sources to augment ore currently processed though its Lordsburg flotation mill.
- [By CRWE]
Today, SFEG has shed (-0.32%) down -0.001 at $.154 with�50,738 shares in play thus far (ref. google finance Delayed: 11:43AM EDT July 12, 2013), but don�� let this get you down.
Santa Fe Gold Corporation previously reported it has amended the Mogollon option agreement with Columbus Exploration Corporation (CLX-TSX-V) (formerly Columbus Silver Corporation) under which Santa Fe may earn 100% interest in the Mogollon Project, Catron County, New Mexico. The Mogollon Project encompasses most of the Mogollon district in southwest New Mexico, which has substantial recorded historical production of silver and gold. The project fits Santa Fe�� strategic objective of developing new ore sources to augment ore currently processed though its Lordsburg flotation mill.
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