For the week, the worst sectors according to Portfolio Grader are the Metals and Mining, Computer and Personal Electronics, Energy Services, Oil and Gas, and Communications Equipment sectors.
The Metals and Mining sector looks weak, with 78% of its stocks (74 out of 95) rated a “sell”. Finishing near the bottom this week are Cliffs Natural Resources (NYSE:), Walter Energy (NYSE:), and Thompson Creek Metals Company Inc. (NYSE:) among the Metals and Mining stocks. Cliffs Natural Resources has a score of F while Walter Energy and Thompson Creek Metals Company Inc. rated F and F. Over the last 12 months, Walter Energy is the worst performer in this sector, with a 70.4% decline.
5 Best Net Payout Yield Stocks To Buy For 2015: Eagle Materials Inc (EXP)
Eagle Materials Inc., incorporated on January 27, 1994, manufactures and distributes gypsum wallboard and also manufactures and sells cement. Gypsum wallboard is distributed throughout the United States with particular emphasis in the geographic markets nearest to its production facilities. The Company sells cement in six regional markets, including northern Nevada and California, the greater Chicago area, the Rocky Mountain region, the Central Plains region and Texas. Its gypsum wallboard business is supported by its recycled paperboard business, while its cement business is supported by its concrete and aggregates business. The Company operates in Cement and Concrete and Aggregates, and Gypsum Wallboard and Recycled Paperboard segments. As of March 31, 2013, the Company operated six cement plants (one of which belongs to its joint venture company), five gypsum wallboard plants, one recycled paperboard plant, seventeen concrete batching plants and four aggregates facilities. The Company�� products are used in the construction and renovation of houses, roads, bridges, commercial and industrial buildings and other, newer generation structures like wind farms.
Cement, Concrete and Aggregates Operations
The Company�� cement production facilities are located in or near Buda, Texas; LaSalle, Illinois; Laramie, Wyoming; Sugar Creek, Missouri; Tulsa, Oklahoma and Fernley, Nevada. The Company�� cement subsidiaries are wholly-owned except the Buda, Texas plant, which is owned by Texas Lehigh Cement Company LP, a limited partnership joint venture owned 50% by the Company and 50% by Lehigh Cement Company LLC, a subsidiary of Heidelberg Cement AG. Its LaSalle, Illinois plant operates under the name of Illinois Cement Company; the Laramie, Wyoming plant operates under the name of Mountain Cement Company; the Fernley, Nevada plant operates under the name of Nevada Cement Company and its Sugar Creek, Missouri and Tulsa, Oklahoma plants operate under the name Central Plains Cement Com! pany. The Company produces and distributes ready-mix concrete from Company-owned sites north of Sacramento, California; Austin, Texas and the greater Kansas City area. The Company�� activities in its frac sand business are in the Utica, Illinois area and in south Texas. The Company sells aggregates to building contractors and other customers engaged in a variety of construction activities.
Gypsum Wallboard and Recycled Paperboard Operations
The Company owns five gypsum wallboard manufacturing facilities. As of March 31, 2013, the Company�� gypsum wallboard production totaled 1,950 million square feet. Total gypsum wallboard sales were 1,909 million square feet during the fiscal year ended March 31, 2013 (fiscal 2013). The Company also manufactures alternative products, including containerboard grades (such as linerboard and medium) and lightweight packaging grades (such as bag liner). In addition, recycled industrial paperboard grades (tube/core stock and protective angle board stock) are produced to maximize manufacturing efficiencies. The Company�� manufactured recycled paperboard products are sold to gypsum wallboard manufacturers and other industrial users.
The Company competes with USG Corporation, National Gypsum Company and Koch Industries.
Advisors' Opinion:- [By Rich Duprey]
Cement and building materials maker�Eagle Materials� (NYSE: EXP ) �announced yesterday�its second-quarter dividend of $0.10 per share, the same rate it's paid since 2008.
- [By Jake L'Ecuyer]
Top decliners in the sector included Newmont Mining (NYSE: NEM), off 6.3 percent, and Eagle Materials (NYSE: EXP), down 4.3 percent.
Top Headline
Forest Laboratories (NYSE: FRX) announced its plans to buy Furiex Pharmaceuticals (NASDAQ: FURX) for up to $1.46 billion. Forest will pay around $95 per share, or around $1.1 billion in cash. Forest Labs will also pay up to $30 per share, or around $360 million in a contingent value right. The deal is projected to close in the second or third quarter of 2014. - [By Dan Caplinger]
Tomorrow, Eagle Materials (NYSE: EXP ) will release its latest quarterly results. The key to making smart investment decisions on stocks reporting earnings is to anticipate how they'll do before they announce results, leaving you fully prepared to respond quickly to whatever inevitable surprises arise. That way, you'll be less likely to make an uninformed knee-jerk reaction to news that turns out to be exactly the wrong move.
- [By Jake L'Ecuyer]
Top decliners in the sector included Newmont Mining (NYSE: NEM), off 6.3 percent, and Eagle Materials (NYSE: EXP), down 4.3 percent.
Top Headline
Forest Laboratories (NYSE: FRX) announced its plans to buy Furiex Pharmaceuticals (NASDAQ: FURX) for up to $1.46 billion. Forest will pay around $95 per share, or around $1.1 billion in cash. Forest Labs will also pay up to $30 per share, or around $360 million in a contingent value right. The deal is projected to close in the second or third quarter of 2014.
Best Building Product Companies To Invest In 2014: Virginia Mines Inc (VGQ)
Virginia Mines Inc. is engaged in the business of acquiring and exploring mining properties. The Company specializes in searching for gold and base metal deposits in mostly unexplored territories of Quebec. The Company�� properties include Coulon property, Anatacau-Wabamisk project, Lac Pau property, Nichicun property, Trieste property, Ashuanipi property, Baie Payne property and Lac Gayot property. The Anatacau-Wabamisk project is located 30 kilometers southwest of the Opinaca Reservoir, about 290 kilometers north of the town of Matagami, province of Quebec. The Lac Pau property is located in the James Bay region, in the northern part of the Caniapiscau Reservoir, 70 kilometers northeast of the Trans-Taiga Road. The Nichicun property is situated in the central part of the province of Quebec, northwest of the Otish Mountains. The Trieste property is located in the central part of the province of Quebec, to the northwest of the Otish Mountains. Advisors' Opinion:- [By Adrian Day]
Adrian Day: Yeah, you know, my favorite company in the junior sector remains Virginia Mines, (VGQ) in Toronto, this is, at basis, an exploration company that has built its business by what's called a prospect generator model, meaning they go out and generate prospects, which they then try to farm out to other people to spend the money.
Best Building Product Companies To Invest In 2014: SunPower Corp (SPWR)
SunPower Corporation, incorporated in April 1985, is a vertically integrated solar products and services company that designs, manufactures and delivers solar electric systems worldwide for residential, commercial, and utility-scale power plant customers. The Company operates in two business segments: the Utility and Power Plants (UPP) Segment and the Residential and Commercial (R&C) Segment. The UPP Segment refers to its solar products and systems business, which includes power plant project development and project sales, turn-key engineering, procurement and construction (EPC) services for power plant construction, and power plant operations and maintenance (O&M) services. UPP Segment also sells components, including huge volume of sales of solar panels and mounting systems to third parties, sometimes on a multi-year, firm commitment basis. The R&C Segment focuses on solar equipment sales into the residential and small commercial market through its third-party global dealer network, as well as direct sales and EPC and O&M services in the United States and Europe for rooftop and ground-mounted solar power systems for the new homes, commercial and public sectors. In May 2012, K Road Power Holdings, LLC (K Road) and SunPower Corp announced that K Road acquired the 25-megawatt (AC) McHenry Solar Project, which the Company designed. In January 2013, the Company MidAmerican Solar acquired the 579-megawatt Antelope Valley Solar Projects (AVSP), two co-located projects in Kern and Los Angeles Counties in Calif from SunPower.
In January 2012, the Company completed its acquisition of the wholly owned Total SA subsidiary Tenesol SA, a global solar provider. In September 2011, NRG Energy Inc. acquired 250 megawatt California Valley Solar Ranch (CVSR) project from SunPower. In June 2011, the Company introduced SunPower E20 Series Solar Panel (E20) series. The Company�� customers in its UPP Segment include investors, financial institutions, project developers, electric utilities, and independent po! wer producers in the United States, Europe, and Asia. In its R&C Segment, the Company primarily sells its products to commercial and governmental entities, production home builders, and its third-party global dealer network serving residential owners and small commercial building owners.
Solar Cells
The A-300 solar cell is a silicon solar cell with a specified power value of 3.1 watts and a conversion efficiency averaging between 20.0% and 21.5%. The Company�� A-330 solar cell delivers 3.3 watts with a conversion efficiency of up to 22.7%.
Solar Panels
The Company�� SunPower solar panel series include solutions, such as SunPower E18 Series Solar Panel (E18), SunPower E19 Series Solar Panel (E19), and SunPower E20 Series Solar Panel (E20). Available in a 72-cell configuration, the E18 series panel uses its A300 all back-contact solar cells and delivers a total panel conversion of 18.1% to 18.5%. Available in a 72, 96, and 128-cell configuration, the E19 series panel uses its A300 all back-contact solar cells and delivers total panel conversion of 19.3% to 19.7%. Available in a 96-cell configuration, the E20 series panel uses its A-330 all back-contact solar cells and delivers total panel conversion of up to 20.1%.
Inverters
The Company sells a line of SunPower branded inverters. The inverters are manufactured by third parties.
Roof Mounted Products
The roof mounted products include SunPower T-5 Solar Roof Tile System (T-5), SunPower T-10 Commercial Solar Roof Tiles (T-10), PowerGuard Roof System (PowerGuard) and SunTile Roof Integrated System (SunTile). Tilted at a 5-degree angle, the T-5 roof tile is a non-penetrating photovoltaic rooftop product that combines solar panel, frame, and mounting system. The T-5 solar roof tile systems are primarily sold through its R&C Segment.
Tilted at a 10-degree angle, the T-10 commercial solar roof tiles is a non-penetrating panel interlock system! . Dependi! ng on geographical location and local climate conditions, this can allow for the generation of up to 10% more annual energy output than traditional flat roof-mounted systems. The T-10 commercial solar roof tile is primarily sold through its R&C Segment.
PowerGuard is a non-penetrating roof-mounted solar panel that delivers electricity while insulating and protecting the roof membrane from ultraviolet rays and thermal degradation. The PowerGuard roof system is primarily sold through its R&C Segment. SunTile solar shingles are designed to replace multiple types of roof panels, including the common concrete flat, low and high profile S tile and composition shingles. The SunTile roof system is also sold through its R&C Segment.
Ground Mounted Products
The ground mounted products include SunPower T-0 Tracker (T-0) & SunPower T-20 Tracker (T-20), SunPower Oasis Power Plant (SunPower Oasis), SunPower C-7 Tracker (C-7), and Fixed Tilt and SunPower Tracker Systems for Parking Structures. The T-0 and T-20 trackers are single-axis tracking systems that automatically pivot solar panels to track the sun's movement throughout the day. This tracking feature increases the amount of sunlight that is captured and converted into energy by up to 30% over flat or fixed-tilt systems, depending on geographic location and local climate conditions. A single motor and drive mechanism can control 10 to 20 rows, or more than 200 kilo watts of solar panels. The T-0 and T-20 trackers have been installed in a range of geographical markets principally in the United States, Germany, Italy, Portugal, South Korea, and Spain. The T-0 and T-20 trackers are sold through both its UPP and R&C Segments.
The Oasis is a solar power block that scales from 1 mega watts distributed installations to central station power plants. Oasis provides a way to deploy utility-scale solar power systems, streaming the development and construction process while optimizing the use of available land. The SunPow! er Oasis ! is sold through its UPP Segment. The C-7 combines a horizontal single-axis tracker with rows of parabolic mirrors, reflecting light onto linear arrays of its solar cells. The C-7 tracker is sold through its UPP Segment. SunPower has developed designs for solar power systems for parking structures in multiple configurations. These dual-use systems typically incorporate solar panels into the roof of a carport or similar structure to deliver onsite solar power while providing shade and protection. They are suited for parking lots adjacent to facilities. Fixed Tilt and SunPower Tracker Systems for parking structures are sold through both its UPP and R&C Segments.
Other System Offerings
SunPower�� metal roof system is designed for sloped-metal roof buildings, which are used in some winery and warehouse applications. This solar power system is designed for rapid installation. It also offers other architectural products, such as day lighting with translucent solar panels.
Balance of System Components
Balance of system components are components of a solar power system other than the solar panels. It includes SunPower branded inverters, mounting structures, charge controllers, grid interconnection equipment, and other devices depending on the specific requirements of a particular system and project.
The Company competes with Canadian Solar Inc., JA Solar Holdings Co., Kyocera Corporation, Mitsubishi Corporation, Q-Cells AG, Sanyo Corporation, Sharp Corporation, SolarCity Corporation, SolarWorld AG, Sungevity, Inc., SunRun, Inc., Suntech Power Holdings Co. Ltd., Trina Solar Ltd., Yingli Green Energy Holding Co. Ltd., Abengoa Solar S.A., Acconia Energia S.A., AES Solar Energy Ltd., Chevron Energy Solutions, EDF Energy plc, First Solar Inc., NextEra Energy, Inc., OPDE Group, NRG Energy, Inc., Recurrent Energy, Sempra Energy, Skyline Solar, Inc., Solargen Energy, Inc., Solaria Corporation, SolFocus, Inc., SunEdison and Tenaska, Inc.
Advisors' Opinion:- [By Brandon Workman]
Potential home-court advantage aside, the numbers indicate the U.S. is and will continue to be the hub for solar innovation, which is why SunPower (NASDAQ: SPWR ) and First Solar (NASDAQ: FSLR ) warrant consideration for any solar investor. SunPower, which touts the highest-efficiency commercially available panels has long demonstrated its R&D prowess. In 2013, SunPower took home second solar prize with 28 patents awarded (compared to 10 for First Solar).�
- [By Gary Bourgeault]
American-based companies like SunPower (SPWR) and First Solar (FSLR) shouldn't be affected by the decisions of Europe, unless it's in response to the industry in general looking chaotic and weak from the media reports flowing out of the damage to solar companies in China. That's because thin-film solar panels won't be affected by duties to be imposed in the EU.
- [By Paul Ausick]
SunPower Corp. (NASDAQ: SPWR) does use silicon in manufacturing its solar cells and modules, but the silicon is supplied by third-party vendors. SunPower has chosen to enter the downstream end of the business — designing and installing solar projects — rather than getting involved in the wafer-making end of the solar market.
- [By Steve Symington]
17. Construction began just a few days ago on one of those projects, the 579 Megawatt Antelope Valley Solar joint venture with�SunPower Corporation� (NASDAQ: SPWR ) . When all is said and done, it will have provided 650 jobs and more than $500 million in regional economic impact over the course of its three-year construction period, and should�provide enough energy to power around 400,000 average California homes.
Best Building Product Companies To Invest In 2014: Wynn Macau Ltd (WYNMF)
Wynn Macau, Limited is a holding company. The Company, along with its subsidiaries, is a developer, owner and operator of destination casino gaming and entertainment resort facilities in Macau. Its operating subsidiary, Wynn Resorts (Macau) S.A. (WRM), owns and operates destination casino resort Wynn Macau in Macau. As of December 31, 2011, it had 265,000 square feet of casino space, offering 24-hour gaming with a range of games, and two luxury hotel towers with 1,008 spacious rooms and suites. It also offers eight casual and fine dining restaurants, 54200 square feet of stores and boutiques, such as Bvlgari, Chanel, Dior, Gucci, Hermes, Hugo Boss, Louis Vuitton, Miu Miu, Piaget, Prada, Rolex, Tiffany, Vacheron Constantin, Van Cleef & Arpels, Versace, Vertu and others, two health clubs and spas, a salon, a pool, and lounges and meeting facilities. As of December 31, 2011, its subsidiaries included Wynn Resorts International, Ltd., Wynn Resorts (Macau) Holdings, Ltd. and others. Advisors' Opinion:- [By MARKETWATCH]
HONG KONG (MarketWatch) -- Hong Kong stocks sold off early Thursday after the Federal Reserve decided to further taper stimulus, and after a final reading of China's manufacturing PMI contracted. The Hang Seng Index (HK:HSI) sank 1.5% to 21,815.04 in holiday-shortened trading. Tech stocks retreated, as Chinese PC maker Lenovo Group Ltd. (HK:992) (LNVGF) dropped 5.3%, failing to get a lift from news that it plans to acquire the Motorola handset business from Google Inc. (GOOG) for $2.91 billion as Lenovo aims for a bigger presence in the U.S. market. Software developer Kingsoft Corp. (HK:3888) (KSFTF) fell 1.9% and Internet giant Tencent Holdings Ltd. (HK:700) (TCTZF) dropped 1.5%. Casino stocks also declined. Sands China Ltds. (HK:1928) (SCHYF) , the Hong Kong-listed unit of Las Vegas Sands Corp. (LVS) , slipped 0.2%, despite financial results that showed Sands China's net income increased 40% year-on-year to $467 million in the fourth quarter. Melco Crown Entertainment Ltd. (HK:6883) (MPEL) slumped 3.2%, and both Wynn Macau Ltd. (HK:1128) (WYNMF) and MGM China Holdings Ltd. (HK:2282)
Best Building Product Companies To Invest In 2014: McEwen Mining Inc (MUX)
McEwen Mining Inc. (McEwen Mining), formerly US Gold Corporation, is engaged in the exploration for and production of precious metals in the United States, Mexico and Argentina. McEwen Mining�� operating segments include USA and Mexico. The Company holds an interest in numerous exploration and development stage properties and projects in Nevada, Mexico and Argentina, as well as a 49% equity interest in the gold-silver San Jose Mine in Santa Cruz Province, Argentina. The Company holds interests in approximately 1,631 square miles of mineral concessions in west central Mexico. Its primary property in Mexico is the El Gallo Complex, located in Sinaloa state on the Sierra Madre Trend, a geological area of gold and silver mineralization. The Company holds interests in approximately 254 square miles in Nevada, United States. The Company�� Nevada properties, including its interests in the Gold Bar Project and Tonkin Complex, are located along the Cortez Trend, in north central Nevada. It also owns property, including the Limo Project, on the southern end of the Carlin Trend. On January 24, 2012, it acquired of Minera Andes Inc. (Minera Andes).
On January 24, 2012, the Company acquired a 49% interest in Minera Santa Cruz SA, owner of the San Jose Silver-Gold Mine in Santa Cruz, Argentina; a 100% interest in the Los Azules Copper Deposit in San Juan, Argentina, and a portfolio of exploration properties in Santa Cruz, Argentina. The San Jose Mine is operated by the majority owner of the joint venture, Hochschild Mining plc (Hochschild). The Company holds mineral rights and applications for mineral rights covering approximately 944 square miles in Argentina.
Tonkin Complex
The Tonkin Complex is divided functionally into five areas: the Mine Corridor, Tonkin North, Patty, Keystone and Tweed. The Tonkin Complex represents its holding in the State of Nevada at approximately 93 square miles (241 square kilometers). The Tonkin Complex is located on the Cortez Trend. During ! the year ended December 31, 2011, the Company drilled one hole, and 2,190 feet reverse circulation drilling. The Tonkin Complex also includes the Patty Project. On October 18, 2011, Barrick Gold U.S. Inc. (Barrick), the former holder of a majority of the project and operator, entered into a joint venture agreement with Rye Patch Gold U.S. Inc. (Rye Patch) under which Rye Patch has the right to acquire a 60% undivided interest in the Patty Project. As of December 31, 2011, it held a non-operating minority interest (12%). The Patty Project is a property (approximately 18.1 square miles) located in the northeast portion of the Tonkin Complex and consists of 544 unpatented mining claims. The 372 claims (included in the 1,478 under US Gold's Historic Tonkin Property) covering the area of the property, Tonkin North were previously owned by unaffiliated parties and held by the Company under a lease agreement. The lease expired on January 1, 2011. In July 2011, it acquired these claims. The Company held an interest of in 106 claims (included in the 156 under Cornerstone) in the Cornerstone property. On July 19, 2011, it acquired the Tonkin North and Cornerstone claims.
Gold Bar Complex
The Gold Bar Complex is located south of the Tonkin Complex on the continuation of the Cortez Trend. In November 2011, the Company announced the completion of a Preliminary Feasibility Study (PFS) by SRK Consulting for the Gold Bar Project. Exploration drilling at the Gold Bar Complex in 2011 totaled approximately 7,245 feet (2,208 meters) in 41 reverse circulation drill holes that were focused on extensions to the Gold Pick-Gold Ridge and Cabin Creek mineralization, as well as targets found by geologic mapping and sampling.
The Gold Pick-Gold Ridge area occurs on the Battle Mountain-Eureka mineral belt in a window of lower-plate carbonate rocks surrounded by upper-plate rocks. The lower-plate carbonates at Gold Pick-Gold Ridge consist of an east-dipping section of Silurian Lone Mountain Do! lomite, D! evonian McColley Canyon Formation, Devonian Denay Formation, and Devonian Devils Gate Limestone. Northwest-trending and northeast-trending structures cut the area; the Gold Pick mineralization is localized in an apparent northwest-trending horst of McColley Canyon Formation, which is cut by a series of northeast-trending structures.
Limo Property
The Limo Property is located in east-central Nevada. The Limo Property position totals approximately 44.5 square miles (115 square kilometers). Gold mineralization has been identified in numerous places along the 15 mile (24 kilometers) length of the property. Exploration drilling at the Limo Property in 2011 totaled approximately 59,157 ft. (18,031 meters) in 10 diamond drill core holes and 70 reverse circulation drill holes. The drilling was focused on two targets, Cadillac and Continental, outside the existing mineralization. The mineral interests controlled by the Company at the Limo property consist of 1,392 contiguous claims that cover approximately 44.5 square miles (115 square kilometers), plus 15 claims (for a total of 1,407) near the southern boundary of the property that were acquired through a lease in August 2011. Its land package extends for about 15 miles (24 kilometers), and covers the western side of the southern Cherry Creek Range.
Battle Mountain Complex
The Battle Mountain Complex is located within Humboldt and Lander Counties in the valleys and on the flanks of the mountains surrounding Battle Mountain on the Cortez Trend north of our Tonkin complex. Battle Mountain, Nevada. In 2011, exploration drilling in the Battle Mountain Complex totaled 2,205 feet (672 meters). Work during 2011, also included geologic mapping, soil and rock sampling. Results of this work identified two target areas, Medea and Lucky Strike, on its BMX property. Three holes were drilled on the Medea prospect during 2011.
Other United States Properties
The Company acquired additional mineral! properti! es in Nevada. The mineral properties included in the acquisition of Tone (Roberts Creek, Kobeh, Gold Bar North, South Keystone, Big Antelope Springs, Red Ridge, Fish Creek and Kent Springs) are generally subject to a 1% net smelter return royalty interest in favor of KM Exploration Ltd. Certain properties (Roberts Creek, Kobeh, Gold Bar North, South Keystone and Big Antelope Springs) are also subject to earn-in rights in favor of Teck Cominco American Incorporated (Teck).
Alaska
On July 1, 2011, its Company and Select Resources Corporation, Inc. (Select) signed a four-year Exploration Lease and Purchase Option Definitive Agreement (the Definitive Agreement) with respect to the Richardson Mineral Project (Richardson) in the Tintina Gold Belt of Alaska. Under the terms of the Definitive Agreement, it acquired an exploration lease for the Richardson project, and an exclusive option to purchase a 60% interest in the project and enter into a joint venture with Select. The Richardson project is located 70 miles (115 kilometers) southeast of Fairbanks, Alaska, and covers an area of approximately 52 square miles (136 square kilometers). Extensive field sampling and mapping, airborne geophysics, and three core holes were completed in 2011. Drilling at the Richardson Project in Alaska during 2011, included three holes and 2, 863 feet core drilling.
Mexican Properties
The Company has a property in Mexico, called the El Gallo Complex, which includes the El Gallo, Magistral, and Palmarito deposits in Sinaloa state. The Company control mineral concessions of approximately 1,631 square miles (4,224 square kilometers) located in the Mexican states of Sinaloa and Nayarit. It holds its interests through ownership of Pangea Resources Inc., which in turn holds 100% ownership of Compania Minera Pangea S.A. de C.V. (Minera Pangea). The El Gallo Complex is located in Sinaloa state, northwestern Mexico in Mocorito Municipality. The El Gallo Complex is being developed in tw! o phases.! The El Gallo Project lies within two of its controlled concessions, Rocio Fraccion A and Pangea. These concessions have an area of 86,764 acres and 3,946 acres respectively. It controls the properties immediately surrounding El Gallo. Exploration work completed in 2011 at El Gallo consisted of core and conventional rotary drilling. The mineralization at the Magistral Mine Property is classified as a low-sulfidation epithermal gold-silver mineral system. During 2011, 203 core holes were drilled for a total of 88,891 feet (26,088 meters).
Other Exploration Areas
During 2011, it drill-tested a number of prospective exploration targets throughout the El Gallo district, which resulted in the discovery of four new veins. Three veins, Los Mautos, Mina Grande, and Haciendita were all located six miles (10 kilometers) north of El Gallo, and the fourth vein, San Dimas, is located 6 miles (10 kilometers) south of El Gallo.
Advisors' Opinion:- [By Travis Hoium]
What: Shares of McEwen Mining (NYSE: MUX ) jumped as much as 12% today after the company released production figures.
So what: In the second quarter, the company produced 35,955 gold equivalent ounces, 30% higher than a year earlier. Both of the company's mines are producing at solid levels, and management thinks it can reach 130,000 gold equivalent ounces this year.�
- [By Jake L'Ecuyer]
Leading and Lagging Sectors
In trading on Wednesday, basic materials shares were relative leaders, up on the day by about 0.27 percent. Meanwhile, top gainers in energy sector included Endeavour Silver (NYSE: EXK), with shares up 4.3 percent, and McEwen Mining (NYSE: MUX), with shares up 4.4 percent. - [By Jake L'Ecuyer]
McEwen Mining (NYSE: MUX) was also down, falling 4.35 percent to $2.42 following a Seeking Alpha article commenting on news of an Argentinian taxation raid on mining companies Johnson Controls (NYSE: JCI) was down, falling 2.31 percent to $41.55.
Best Building Product Companies To Invest In 2014: Redwood Trust Inc.(RWT)
Redwood Trust, Inc., a real estate investment trust, together with its subsidiaries, engages in investing, financing, and managing real estate assets. The company?s investments include residential and commercial real estate loans; and securities backed by residential and commercial loans, including senior and subordinate securities. The senior securities are those interests in a securitization that have the first right to cash flows and are last to absorb losses; and subordinate securities are those interests in a securitization that have the last right to cash flows and are first in line to absorb losses. As of March 31, 2011, it had 77 real estate owned properties primarily in Arizona, California, Colorado, Florida, and Georgia. It would elect to be taxed as a real estate investment trust (REIT) for federal income tax purposes. As a REIT, the company would not be subject to federal income tax, if it distributes at least 90% of net taxable income to its stockholders. Red wood Trust, Inc. was founded in 1994 and is based in Mill Valley, California.
Advisors' Opinion:- [By Amanda Alix]
On the mortgage front, Two Harbors notes that it has acquired a passel of prime jumbo home loans, which it likely plans to securitize. The company's CEO, Tom Siering, also addresses this issue on the earnings call, where he states that the trust was involved in a $400 million securitization of prime jumbo loans. This puts Two Harbors in the company of mREIT Redwood Trust (NYSE: RWT ) , which has nearly single-handedly brought back the jumbo-loan securitization market over the past two years. If Redwood's success is any indication -- it recently reported first-quarter net income�of $61 million, compared to the year-ago figure of $30 million -- Two Harbors is on the right track.
- [By Amanda Alix]
Luxury market is doing just fine
Jumbo loans are back, and these mortgages -- which start at $625,000 in some affluent areas -- are being given out like candy�to those with the wealth to back them up. Once considered risky because they are not backed by Fannie Mae or Freddie Mac, lenders are falling over themselves to make these loans, driven by a securitization market dominated by entities like Redwood Trust (NYSE: RWT ) and JPMorgan Chase (NYSE: JPM ) . Earlier this month, Redwood offered its seventh securitization backed by jumbos, and JPMorgan just recently announced�its second offering of the year, as well. - [By Rich Duprey]
Real estate investment trust��Redwood Trust� (NYSE: RWT ) announced today its third-quarter dividend of $0.28 per share, the same rate it's paid for the past two quarters after raising the payout 12% from $0.25 per share.
Best Building Product Companies To Invest In 2014: El Paso Electric Company (EE)
El Paso Electric Company, a public utility company, engages in the generation, transmission, and distribution of electricity primarily in west Texas and southern New Mexico. It principally operates nuclear, natural gas, and coal power plants, as well as wind turbines. As of December 31, 2010, the company owned 6 electrical generating facilities with a net generating capacity of approximately 1,643 megawatts. It serves approximately 370,000 residential, commercial, industrial, public authority, and wholesale customers. The company sells its products to electric utilities and power marketers, as well as to oil and copper refining, and steel production facilities, universities, and the United States military installations. El Paso Electric Company was founded in 1901 and is based in El Paso, Texas.
Advisors' Opinion:- [By Tyler Crowe]
It may have been a long time coming, but the technology for renewable fuels is very close to the point that they can can compete on the open market against traditional energy sources. First Solar just recently announced a deal with El Paso Electric (NYSE: EE ) that it will sell electricity to El Paso from its Macho Springs solar facility for 5.79 cents per kilowatt hour, less than half what El Paso pays for electricity from coal. Also, the Federal Energy Regulation Commission has stated that 83% of all additional energy generation in the U.S. for Q1 2013 came from either wind or solar facilities. Perhaps the route to developing better solutions wasn't the smoothest, but it's hard to deny the overall outcome.�
- [By Tyler Crowe]
If we were to pinpoint a company that�embodies�this�success�as of late, it's First Solar (NASDAQ: FSLR ) . It just sold a 139 megawatt facility to�utility�giant -- and large coal consumer -- Southern (NYSE: SO ) , and recently signed a power purchase deal with El Paso Electric (NYSE: EE ) that will supply El Paso with electricity for half what it pays for power from coal. These deals also come with the announcement that the company upped guidance earlier in April which sent share prices up by 46% in one day.�
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