First, the global economic crisis no longer seems to be a mortal threat to bank's balance sheets. A long-anticipated crisis simply never came to pass. Second, a sense that the U.S. housing market -- a key source of bank profits -- was on the mend, has led to expectations of a brightening profit forecast.
Indeed, second-quarter results are in from the major banks, and they look quite solid.
A Solid Quarter For Leading Banks
As a result, after a 20% surge in the first half of this year (compared with a 13% gain for the S&P 500), bank stocks have rallied further in the early weeks of the third quarter. This continues a trend that has been underway for nearly two years.
Top 5 Heal Care Stocks To Buy For 2015: TearLab Corporation(TEAR)
TearLab Corporation operates as an ophthalmic device company. It engages in developing and commercializing TearLab Osmolarity System, a proprietary in vitro diagnostic tear testing platform that measures tear film osmolarity for the diagnosis of dry eye disease. The company?s system enables eye care practitioners to test for sensitive and specific biomarkers using nanoliters of tear film at the point-of-care. Its TearLab Osmolarity System consists of TearLab disposable, which is a single-use microfluidic microchip; TearLab pen, which is a hand-held device that interfaces with the TearLab disposable; and TearLab reader, which is a small desktop unit that allows for the docking of the TearLab disposable and the TearLab pen, as well as provides a quantitative reading for the operator. TearLab Corporation markets its system through a network of distributors in North America, Europe, and Asia. The company, formerly known as OccuLogix, Inc., was founded in 1996 and is headquart ered in San Diego, California.
Advisors' Opinion:- [By Seth Jayson]
TearLab (Nasdaq: TEAR ) reported earnings on May 13. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), TearLab beat expectations on revenues and exceeded expectations on earnings per share. - [By Roberto Pedone]
One potential earnings short-squeeze candidate is in-vitro diagnostic player TearLab (TEAR), which is set to release numbers on Tuesday after the market close. Wall Street analysts, on average, expect TearLab to report revenue of $3.51 million on a loss of 13 cents per share.
This company has managed to top Wall Street estimates two times over the last four quarters, which is a bullish earnings trend. If TearLab can delve another beat, then shares could be setting up for a large move higher.
The current short interest as a percentage of the float for TearLab is extremely high at 37.1%. That means that out of the 25.54 million shares in the tradable float, 8.59 million shares are sold short by the bears. This is a huge short interest on a stock with a very low tradable float. If the bulls get the earnings news they're looking for, then shares of TEAR could easily explode higher post-earnings as the bears jump to cover some of their bets.
From a technical perspective, TEAR is currently trending above both its 50-day and 200-day moving averages, which is bullish. This stock has been uptrending strong for the last six months, with shares moving higher from its low of $5.26 to its recent high of $15.18 a share. During that uptrend, shares of TEAR have been making mostly higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of TEAR within range of triggering a major breakout trade post-earnings.
If you're bullish on TEAR, then I would wait until after its report and look for long-biased trades if this stock manages to break out above some near-term overhead resistance levels at $14.28 to its 52-week high at $15.18 a share with high volume. Look for volume on that move that registers near or above its three-month average action of 942,598 shares. If that breakout hits, then TEAR will set up to enter new 52-week high territory, which is bullish technical price action. Some possible upside
Hot Low Price Stocks To Buy Right Now: Network Engines Inc(NEI)
Network Engines, Inc. designs and manufactures application platforms and appliance solutions on which software applications are applied for enterprise and telephony information technology networks. The company?s application platforms are pre-configured server-based network infrastructure devices designed to deliver specific software application functionality, and enhance the integration, manageability, and security of that software application in an end user?s network. It also offers platform management software tools and support services related to solution design, systems integration, application management, global logistics, and support and maintenance programs. The company markets its application platform solutions and services to original equipment manufacturers and independent software vendors in the United States and internationally. Network Engines, Inc. was founded in 1989 and is headquartered in Canton, Massachusetts.
Advisors' Opinion:- [By CRWE]
NEI (Nasdaq:NEI), a leading provider of server-based application platforms, deployment solutions and lifecycle support services for software technology developers and OEMs worldwide, announced today that it has signed a definitive merger agreement with UNICOM Systems, Inc. (“UNICOM”) and a new UNICOM subsidiary under which UNICOM, a global information technology company and part of the UNICOM group of companies, will acquire NEI for $1.45 per common share in cash.
Hot Low Price Stocks To Buy Right Now: Keating Capital Inc (KIPO)
Keating Capital, Inc., incorporated on May 9, 2008, is a business development company. The Company is an externally managed, non-diversified, closed-end management investment company. The Company focuses to invest principally in equity securities, including convertible preferred securities, and other debt securities convertible into equity securities, of primarily non-public United States based companies. Keating Investments, LLC (Keating Investments) serves as the Company�� investment adviser and also provides it with the administrative services necessary for it to operate. Keating Investments is primarily responsible for the selection, evaluation, structure, valuation and administration of the Company�� investment portfolio. As of December 31, 2010, the Company had investments in industries, including technology equipment, consumer products and clean technology. In May 2013, the Company completed the sale of Solazyme Inc.
During the year ended December 31, 2010, the Company made four portfolio company investments, which included investments in NeoPhotonics Corporation (NeoPhotonics); Livescribe, Inc. (Livescribe); Solazyme, Inc. (Solazyme), and MBA Polymers, Inc. (MBA Polymers). NeoPhotonics develops and manufactures photonic integrated circuit based components, modules and subsystems for use in telecommunications networks. Livescribe is a developer and marketer of a mobile, paper-based computing platform, consisting of smartpens, dot paper, smartpen applications, accessories, desktop software, an online community and development tools. Solazyme is engaged in development and commercialization of algal oil and bioproducts for the fuels and chemicals, nutritionals and health sciences markets. MBA Polymers is a manufacturer of recycled plastics sourced from end of life durable goods, such as computers, electronics, appliances and automobiles. The Company focuses to provide capital primarily to micro-cap companies and small-cap companies.
Advisors' Opinion:- [By Monica Wolfe]
Keating Capital (KIPO)
Over the past week there were four insiders making buys into Keating Capital as the company�� price is sitting near its 52-week low and as the company made a secondary public offering of its stocks.� The insiders making buys during this public offering of common stock were CEO and President Timothy Keating, Director Taylor Simonton, Chief Investment Officer Kyle Rogers and CFO, COO, CCO and Treasurer Frederic Schweiger.
- [By Helix Investment Research]
In light of recent debates here on Seeking Alpha regarding Keating Capital (KIPO), we had the opportunity to speak with Tim Keating, the company's CEO, to receive his view of the company, as well as answer a variety of questions regarding the company's equity, portfolio, and investment philosophy. Based on our conversation with Mr. Keating, we believe that the market has misunderstood Keating Capital. With a discount to net asset value of over 20%, and with several catalysts set to materialize in the 2nd half, we believe that there is potential for double digit upside in the remainder of 2013 and 2014. Unless otherwise noted, financial statistics and managerial commentary will be sourced from Keating Capital's Q2 2013 earnings release, its Q2 2013 earnings call, its Q2 2013 earnings presentation, its latest 10-Q, or its 2012 10-K, as well as our conversation with Mr. Keating.
Hot Low Price Stocks To Buy Right Now: Shutterstock Inc (SSTK)
Shutterstock, Inc. (Shutterstock) operates as a marketplace for commercial digital imagery. Commercial digital imagery consists of licensed photographs, illustrations and videos that companies use in their visual communications, such as Websites, digital and print marketing materials, corporate communications, books, publications and video content. As of April 30, 2012, Shutterstock's image library contained more than 19 million images. It operates in North America, Europe and Rest of the world. The Company offers a range of content types, including photography, illustrations, vector art and video footage. Shutterstock�� brands include Shutterstock and Bigstock. Its online marketplace provides a freely searchable library of commercial digital images that its users can pay to license, download and incorporate into their work. Users can search its library and preview watermarked versions of its content. In November 2011, Shutterstock launched Shutterstock for iPad, an application enabling visitors to search, browse and organize images using an iPad.
The Company�� products consist of Photographs, Illustrations and Vector Art, and Video Footage. The Company offers photographs that cover a range of subjects, including animals/wildlife, the arts, backgrounds/textures, beauty/fashion, buildings/landmarks, business/finance, celebrities, education, food and drink, healthcare/medical, holidays, nature, objects, people, religion, science, sports/recreation, technology and transportation. Its photography collection is made up of images that can be used in both commercial and editorial contexts. Images that are marked as editorial-only, such as photographs of celebrities and newsworthy events, which constitute fewer than 5% of its total images, cannot be used to promote a product or service; instead these images are licensed for use in editorial settings, such as newspapers, blogs and magazines. Photographs are available in a range of sizes, including small files that are appropriate for mobile b! rowsing and large files appropriate for large format prints and high-resolution displays. As of December 31, 2011, photographs made up 69% of its library.
In addition to photographic images, the Company also offers images that have been created using illustration tools and software. These images are made up of two types: illustrations (raster graphics) and vector art (vector graphics). Raster graphics are stored as a fixed set of pixels, whereas vector graphics are stored using geometric modeling. As of December 31, 2011, illustrations an vector art made up 28% of its library. For users engaged in producing video advertisements, commercial motion pictures, television programming, video games, interactive applications and other video-based media, it also provides video footage. Footage clips are available in a range of formats and sizes, including high definition (HD). As of December 31, 2011, its video footage library contained more than 400,000 video clips and made up 3% of its library.
The Company competes with iStockphoto, Fotolia, Dreamstime, Getty Images, Corbis Corporation, Reuters Group PLC, the Associated Press, Thought Equity Motion, Facebook and Flickr.
Advisors' Opinion:- [By Dave and Donald Moenning]
Internet Software & Services has been the place to be in 2013. In addition to Shutterstock (SSTK), just take a look at these constituents of this red-hot sub-industry: Pandora Media (P), Facebook (FB), j2 Global (JCOM), Yelp (YELP), CoStar Group (CSGP),LinkedIn (LNKD), etc. The list of superb stocks in the Internet Software & Services space goes on and on. Focusing on stocks in the top-performing sub-industries usually helps bullish trades, so today, let's take a closer look at Shutterstock Inc for a short-term long trade.
Hot Low Price Stocks To Buy Right Now: Global Indemnity plc (GBLI)
Global Indemnity plc, through its subsidiaries, operates as a specialty property and casualty insurer. The company provides property and casualty insurance products in the excess and surplus lines marketplace to customers in the United States, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands. It offers property and general liability products for small commercial businesses through a network of wholesale general agents; property, general liability, and professional lines products through program administrators; and property, casualty, and professional lines products through wholesale brokers. The company also provides reinsurance solutions to excess and surplus lines carriers, specialty property and casualty insurance companies, and regional insurance writers. It offers reinsurance solutions worldwide through brokers; primary writers, including regional insurance companies; and program managers. Global Indemnity plc is based in Dublin, Ireland.
Advisors' Opinion:- [By Damian Illia]
As we can see, the firm ratio is higher than the ones shown by Alleghany, Fidelity, Federated National Holding Co. (FNHC) and Global Indemnity Plc (GBLI).
Hot Low Price Stocks To Buy Right Now: Big 5 Sporting Goods Corporation(BGFV)
Big 5 Sporting Goods Corporation, together with its subsidiaries, operates as a sporting goods retailer in the western United States. The company offers athletic shoes, apparel, and accessories, as well as a selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, snowboarding, and roller sports. It also provides various private label merchandise, including shoes, apparel, binoculars, camping equipment, fishing supplies, and snow sport equipment. The company sells private label merchandise under its owned labels comprising Court Casuals, Golden Bear, Harsh, Pacifica, Rugged Exposure, and Triple Nickel; and licensed trademarks, including Avet, Body Glove, Fila, GoFit, Hi-Tec, Maui & Sons, Morrow, and Realm and The Realm. As of February 28, 2012, it operated 406 stores in 12 states under the Big 5 Sporting Goods name. The company was founded in 1955 and is headquartered in El Segundo, California.
Advisors' Opinion:- [By John Udovich]
Last Thursday, outdoor sporting goods retailer Sportsman's Warehouse Holdings Inc (NASDAQ: SPWH) had an IPO that was priced�below expectations, meaning its worth taking a closer look at the stock along with the performance of peers like mid cap Cabelas Inc (NYSE: CAB) and Dicks Sporting Goods Inc (NYSE: DKS) and small cap Big 5 Sporting Goods Corporation (NASDAQ: BGFV).
- [By Seth Jayson]
Calling all cash flows
When you are trying to buy the market's best stocks, it's worth checking up on your companies' free cash flow once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That's what we do with this series. Today, we're checking in on Big 5 Sporting Goods (Nasdaq: BGFV ) , whose recent revenue and earnings are plotted below. - [By Peter Graham]
The Q1 2014�earnings report for Dicks Sporting Goods Inc (NYSE: DKS), a competitor of other sporting goods stocks like Big 5 Sporting Goods Corporation (NASDAQ: BGFV) and�Hibbett Sports, Inc (NASDAQ: HIBB), is scheduled for before the market opens on Tuesday, May 20. Aside from the Dicks Sporting Goods's earnings report, it should be said that Big 5 Sporting Goods Corporation reported Q1 2014 earnings on April 29 (earnings were weak and they hinted at continued troubles ahead due the weak sales trends) while Hibbett Sports, Inc will report Q1 2015 earnings before the market opens on Friday, May 23.�However, Dicks Sporting Goods is heading into earnings this week with positive coverage form analysts.
- [By Lisa Levin]
Sporting Goods Stores: This industry jumped 1.38% by 10:40 am. The top performer in this industry was Big 5 Sporting Goods (NASDAQ: BGFV), which rose 3.2%. Big 5 Sporting's trailing-twelve-month revenue is $978.32 million.
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