1 May, 2014 by The TZ Newswire Staff Comments Off on Ukraine Admits "Helpless" Against Pro-Russian Forces; Reinstates Military Conscription
Ukraine Admits "Helpless" Against Pro-Russian Forces; Reinstates Military Conscription
Days after acting Defense Minister Mykhailo Koval warned “the Armed Forces are not ready for this,” Ukraine has announced the return of military conscription. After Mr Turchynov admitted his security forces were ‘helpless’ to quash the pro-Moscow insurgency that has tightened its grip on the increasingly chaotic east of the country, Koval believes “if there were conscripts in military units, then the situation might be different.” Of course, this is exactly what the IMF ‘demanded’ as yet more cities in the East fall to pro-Russian separatists.
1 May, 2014 by The TZ Newswire Staff Comments Off on As More Profit Reports Emerge, Some Stocks Break Out
As More Profit Reports Emerge, Some Stocks Break Out
A batch of stocks broke out of bases on Thursday, often because of positive earnings reports. Iconix Brand Group (ICON) cleared the 42.57 buy point of a cup-without-handle base. But the apparel company, which beat first-quarter expectations, closed down 0.02 to 42.48. Meanwhile, at least five stocks broke out of flat bases. Manitowoc (MTW) broke out ahead of its earnings report after the close.
1 May, 2014 by The TZ Newswire Staff Comments Off on Valeant Pharmaceuticals Clears Resistance Level
Valeant Pharmaceuticals Clears Resistance Level
Most Sector Leaders put in gains Thursday amid mixed results in the general market. Valeant Pharmaceuticals (VRX) rallied 4.42, or 3%, to 138.13 in fast trade. The stock has bounced back in mostly large volume as a new base forms. But the base would be a more risky late-stage structure. The Canadian drugmaker will announce Q1 earnings before the open on Thursday. Valeant is expected to earn $1.72 a share, up 32% from a year ago.
1 May, 2014 by The TZ Newswire Staff Comments Off on Transport, Drug Stocks Act Well Despite Market Woes
Transport, Drug Stocks Act Well Despite Market Woes
Transportation and drug stocks are holding up relatively well during the market’s correction, with several in buying range after strong breakouts. Old Dominion Freight Lines (ODFL) cleared a 57.58 base-on-base buy point April 24 in heavy volume. It’s nearly 5% above the entry after reversing off a new high Thursday. Old Dominion boasts a best-possible 99 Composite Rating, tops in the highly rated Transportation-Truck industry group.
1 May, 2014 by The TZ Newswire Staff Comments Off on Gentherm’s Earnings Report Sends Stock To New High
Gentherm’s Earnings Report Sends Stock To New High
Gentherm (THRM) hit a new high with panache Thursday after reporting better-than-expected earnings. The Northville, Minn.-based company reported EPS of 47 cents vs. estimates of 29 cents. That’s a 70% increase from the year-ago quarter. Revenue came in at $193.9 million against an estimate of $173.2 million. That’s a 31% increase. The stock rose 3.15 to close at 39.50. The company makes climate-control systems for cars and trucks.
1 May, 2014 by The TZ Newswire Staff Comments Off on Energy Is A Key Driver Of Fund Performance This Year
Energy Is A Key Driver Of Fund Performance This Year
Mutual funds are helping to pump up several segments of the energy sector. IBD’s Oil & Gas-Transportation/Pipeline industry group is ranked No. 4 among 197. That’s up from No. 9 one week ago and No. 43 six weeks ago. It’s based on six months of stock market price performance. The Oil & Gas-U.S. Exploration & Production group is No. 7, up from 18 and 55. Oil & Gas-Refining/Marketing is No. 8, up from 13 and 51.
1 May, 2014 by The TZ Newswire Staff Comments Off on Waste Management Turns Trash Into Dividends, Energy
Waste Management Turns Trash Into Dividends, Energy
Waste Management (WM) isn’t just taking out the trash — it’s turning trash into renewable energy as well as steady earnings and dividends for investors. On April 24 before the open, the Houston-based garbage hauler reported a first-quarter profit of 49 cents a share, up 23% from the prior year and above views. That marked its best quarterly growth in years. Revenue grew 2% to $3.4 billion, in line with forecasts.