Asian stocks outside Japan fell for a fifth week, the longest streak of losses in two years, amid concern central banks are losing an appetite for more stimulus. Japanese stocks rebounded the final day of the week as Nomura Holdings Inc. and Fidelity Worldwide advised buying shares.
Newcrest Mining Ltd. fell a third week amid after the Australia�� biggest gold producer said it will write down the value of its assets by as much as $5.7 billion. Nomura Holdings Inc., Japan�� largest brokerage, climbed 1.3 percent with the Topix index little changed after a fourth week of swings. Chinese shares in Hong Kong capped a record losing streak.
The MSCI Asia Pacific excluding Japan Index dropped 1.3 percent this week to 440.07, extending this year�� loss to 6.6 percent. A gauge that includes Japanese shares added 0.3 percent for the week. The Hang Seng China Enterprises Index fell for a record 12 straight days through June 14 amid concern that growth is slowing in the world�� No. 2 economy.
Hot Consumer Companies To Buy Right Now: Enbridge Inc(ENB)
Enbridge Inc. engages in the transportation and distribution of crude oil and natural gas primarily in Canada and the United States. Its Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGLs), and refined products pipelines and terminals. The company?s Gas Distribution segment distributes natural gas to residential, commercial, and industrial customers primarily in central and eastern Ontario, northern New York State, Quebec, and New Brunswick. Enbridge?s Gas Pipelines, Processing and Energy Services segment invests in natural gas pipelines, processing and green energy projects, and commodity marketing businesses, as well as performs commodity storage, transport, and supply management services. Its Sponsored Investments segment transports crude oil and other liquid hydrocarbons through common carrier and feeder pipelines, as well as transports, gathers, processes, and markets natural gas and NGLs; operates a crude oil and liqui ds pipeline and gathering system; and owns a 50% interest in the Canadian portion of Alliance Pipeline and partial interests in various green energy investments. The company was formerly known as IPL Energy Inc. and changed its name to Enbridge Inc. in October 1998. Enbridge Inc. was founded in 1949 and is headquartered in Calgary, Canada.
Advisors' Opinion:- [By Aimee Duffy]
If you're looking for companies that will benefit from blocking Keystone, you are better off looking into either Enbridge (NYSE: ENB ) or Kinder Morgan Energy Partners (NYSE: KMP ) . These companies have plans to build east to west pipelines from Alberta to the coast of British Columbia, and though they are facing stiff opposition, if Keystone is blocked then the Canadian government may have to force one of those projects through to keep Canada's natural-resource-driven economy from collapsing.
- [By Arjun Sreekumar]
By comparison, the worst bituminous crude oil spill ever in the U.S. discharged a little under four times that amount, when about a million gallons of oil spilled into Michigan's Kalamazoo River after an Enbridge (NYSE: ENB ) pipeline ruptured in 2010 (according to estimates by the EPA, Enbridge's estimates are much lower).
- [By Arjun Sreekumar]
In fact, some operators may get so used to false alarms that they may become dismissive of real ones. For instance, consider the rupturing of an Enbridge (NYSE: ENB ) pipeline in July 2010, which discharged more than a million gallons of dilbit crude into Michigan's Kalamazoo River in what was the first major bituminous crude spill into a U.S. waterway.
- [By GURUFOCUS]
Enbridge Inc. (ENB) operates as an energy transportation and distribution company in the United States and Canada. Dec. 4, the company increased its quarterly dividend 16.7% to $0.35 per share. The dividend is payable March 1, 2014, to shareholders of record on Feb. 14, 2014. The yield based on the new payout is 3.4%.
Top 5 Asian Companies To Watch For 2014: Insmed Inc.(INSM)
Insmed Incorporated, a biopharmaceutical company, focuses on the development of inhaled pharmaceuticals for the site-specific treatment of serious lung diseases. The company primarily focuses on the development of inhaled antibiotic therapy delivered via proprietary advanced pulmonary liposome technology in areas of high unmet need in lung diseases. Its lead product candidate includes ARIKACE, an inhaled antibiotic supported by positive phase 2 results for treating serious lung infections due to susceptible bacteria. The U.S. Food and Drug Administration has cleared the company's investigational new drug application to conduct a pivotal Phase 3 clinical trial of ARIKACE in nontuberculous mycobacteria lung infections. Insmed Incorporated was founded in 1999 and is based in Monmouth Junction, New Jersey.
Advisors' Opinion:- [By Eric Volkman]
Insmed (NASDAQ: INSM ) will have nearly $60 million at its disposal if a new public stock offering goes as planned. The company is floating 6 million shares of its common stock in a public issue that has been priced at $10.40 per share. The gross take will be $62.4 million, which the firm said should net it around $58 million after fees and expenses.
Top 5 Asian Companies To Watch For 2014: Telecom Italia S.P.A.(TI)
Telecom Italia S.p.A., together with its subsidiaries, provides fixed-line and mobile telecommunications, Internet, and media services. The company also operates in office and system solutions. Its portfolio ranges from consumer-focused convergent communications services to business-oriented advanced ICT solutions. The company?s integrated range of offerings, proprietary platforms, and network architecture leverage the potential of fixed-line and mobile broadband to offer convergent solutions for communication, Web surfing, always-in-touch services, and serve as a gateway to the digital world from the home, the office, and on the move, from fixed-line telephone, cell phone, PC, or TV. Its business portfolio covers various categories of business needs, from freelance professionals to SMEs, corporations, institutions, and public government bodies. The company?s Web offerings combine Italy?s Virgilio portal with Web 2.0 ventures, such as Yalp!, a TV community where users p ublish their own content and create their own TV channels. Its media operations span traditional broadcasting over analogue and digital networks, and mobile broadcasting through TIM/MTV partnership vehicle, MTV Mobile. The company has operations in Italy, Latin America, Germany, Holland, and the Mediterranean basin. As of December 31, 2009, it provided fixed telecommunications services with approximately 16.1 million physical accesses in Italy. The company?s wholesale customer portfolio consisted of approximately 6.2 million accesses for telephone services; and broadband portfolio had approximately 8.7 million accesses in Italy, as well as 30.8 million mobile telephone lines. Telecom Italia was founded in 1908 and is headquartered in Milan, Italy.
Advisors' Opinion:- [By Jon C. Ogg]
Telecom Italia SpA (NYSE: TI) was raised to Neutral from Underperform at J.P. Morgan.
Xilinx Inc. (NASDAQ: XLNX) was raised to Outperform from Sector Perform with a $55 price target (versus $a 46.54 close) at Pacific Crest.
- [By DAILYFINANCE]
Brent Lewin/Bloomberg via Getty Images NEW YORK -- Facebook (FB) is placing a $19 billion bet on reaching its next billion mobile users with the acquisition of WhatsApp, a popular messaging service that lets people send texts, photos and videos on their smartphones. The $19 billion deal is by far Facebook's largest and bigger than any that Google (GOOG), Microsoft (MSFT) or Apple (AAPL) have ever done. But it is likely to raise worries that Facebook and other technology companies are starting to become overzealous in their pursuit of promising new products and services, said Anthony Michael Sabino, a St. John's University business professor. "This could be seen as a microcosm of a bubble," Sabino said. "I expect there to be a lot of skepticism about this deal. People are going to look at this and say, 'Uh-oh, did they pay way too much for this?" Facebook, for its part, is taking the long view. WhatsApp has 450 million monthly users, 70 percent of whom use it every day. The service is adding a million new users a day. There are 19 billion messages sent and 34 billion received via WhatsApp each day, in addition to 600 million photos and 100 million video messages. At this rate, Facebook CEO Mark Zuckerberg is confident the app will reach a billion users. Services that reach that milestone, Zuckerberg said in a statement, "are all incredibly valuable." It's an elite group to be sure -- one that includes Google (which owns YouTube), Facebook itself and little else. Facebook said Wednesday that it's paying $12 billion in stock and $4 billion in cash for WhatsApp. In addition, the app's founders and employees -- 55 in all -- will be granted restricted stock worth $3 billion that will vest over four years after the deal closes. The transaction translates to roughly 11 percent of Facebook's market value. In comparison, Google's biggest deal was its $12.5 billion purchase of Motorola Mobility, while Microsoft's largest was Skype at $8.5 billion. Apple, meanwhil
- [By Jon C. Ogg]
Telecom Italia (NYSE: TI) was started as Buy at Goldman Sachs, just a day after J.P. Morgan raised it to Neutral from Underperform.
Under Armour Inc. (NYSE: UA) was raised to Neutral from Underweight at J.P. Morgan.
- [By DAILYFINANCE]
Steven Senne/AP NEW YORK -- Target (TGT) massive data breach over the holidays helped push its fourth-quarter profit down 46 percent. The discount retailer also said Wednesday that sales fell 5.3 percent as the breach scared off customers. The nation's second-largest discounter also offered a profit outlook below Wall Street expectations as the costs of the breach that affected millions of credit and debit card customers linger. The discounter, based in Minneapolis, said it earned $520 million, or 81 cents a share, for the three months that ended Feb. 1. That compares with a profit of $961 million, or $1.47 a share a year earlier. Revenue fell to $21.5 billion from $22.7 billion. Revenue at stores open at least a year, an important retail measurement, fell 2.5 percent. Analysts had expected a profit of 80 cents on revenue of 21.5 billion, according to FactSet estimates. The breach resulted in $17 million of net expenses in the fourth quarter, Target said, with $61 million of total expenses partially offset by the recognition of a $44 million insurance receivable. Shares of Target rose 99 cents to $57.50 in premarket trading Wednesday as earnings results beat Wall Street estimates by a penny. The stock has fallen about 10 percent since the company disclosed the breach in mid-December. "As we plan for the new fiscal year, we will continue to work tirelessly to win back the confidence of our guests. We are encouraged that sales trends have improved in recent weeks," Gregg Steinhafel, chairman, president and CEO of Target, said in a statement. The results underscore the big challenges that Steinhafel faces. Even before the breach, Target has struggled with uneven sales since the recession as its middle-income shoppers are still not comfortable in spending. And the company has also grappled with the perception that its prices are too high. Critics also say that the discounter, known for its exclusive limited partnerships with designers, has lost its
Top 5 Asian Companies To Watch For 2014: Nordion Inc. (NDZ)
Nordion Inc., a health science company, provides various products and services for the prevention, diagnosis, and treatment of diseases worldwide. The company operates in two segments, Sterilization Technologies and Medical Isotopes. The Sterilization Technologies segment offers Cobalt-60, a radioactive metal that emits radiation and sterilizes items by destroying contaminating micro-organisms; and dosimetry and professional services, as well as designs, constructs, and maintains commercial gamma sterilization systems. The Medical Isotopes segment provides various products that are used in the diagnosis and treatment of diseases, including cardiac and neurological conditions, and various types of cancer. It offers Molybdenum-99, which decays into Technetium-99, a diagnostic that is used in nuclear medical procedures; Xenon-133 used in lung scans; Iodine-131 to treat hyperthyroidism, thyroid cancer, and non-Hodgkin�s lymphoma; Iodine-125 to treat prostate cancer; and Yttri um-90 to treat liver cancer and non-Hodgkin�s lymphoma. This segment also provides cyclotron isotopes, such as Iodine-123 to diagnose thyroid disease; Thallium-201 to diagnose and assess risk of coronary artery heart disease; Palladium-103 for treating prostate cancer; Strontium-82 for cardiac imaging; and Indium-111 and Gallium-67 to diagnose cancer, as well as offers radiopharmaceutical and contract manufacturing services. Nordion Inc. serves radiopharmaceutical and pharmaceutical manufacturers, biotechnology companies, manufacturers of medical supplies and devices, contract sterilizers, hospitals, and academic and government institutions, as well as to food and consumer goods industries. The company was formerly known as MDS Inc. and changed its name to Nordion Inc. in November 2010. Nordion Inc. was founded in 1946 and is headquartered in Ottawa, Canada.
Advisors' Opinion:- [By Jake L'Ecuyer]
Leading and Lagging Sectors
Monday morning, the healthcare sector proved to be a source of strength for the market. Leading the sector was strength from Nordion (NYSE: NDZ) and Pacira Pharmaceuticals (NASDAQ: PCRX). Utilities sector rose by just 0.19 percent in the US market today.
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