Best Bank Stocks To Own Right Now

tags:HSBA,FCF,CM,AP,WFC,

The European Central Bank is urging lenders to prepare for the end of key interbank lending benchmarks and accused them of being complacent until regulators stepped up the pressure.

Banks have narrowed down their options for a new system that’s protected from the kind of rigging that discredited benchmarks such as Libor and Euribor. At stake for investors, central bankers and consumers is trust in the data that’s used to value financial assets and make the ECB’s monetary policy work in practice.

Rate Manipulation

European banks have paid hefty fines for rigging interbank interest benchmarks

Source: Company filings

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“Banks have been too complacent for a long time, so I’m very happy to see how engaged they are,” said Cornelia Holthausen, an ECB official who sits in on the meetings where bankers talk about how to replace the existing overnight lending rate, called Eonia. “Sometimes you need some pressure.”

Best Bank Stocks To Own Right Now: HSBC Holdings PLC (HSBA)

Advisors' Opinion:

• [By Ethan Ryder]

  HSBC (LON:HSBA) had its price target dropped by equities research analysts at Citigroup from GBX 810 ($10.78) to GBX 800 ($10.65) in a report released on Tuesday. The brokerage currently has a “buy” rating on the financial services provider’s stock. Citigroup’s price target points to a potential upside of 9.59% from the stock’s previous close.

• [By Joseph Griffin]

  HSBC (LON:HSBA) had its target price lowered by equities research analysts at Shore Capital from GBX 721 ($9.60) to GBX 625 ($8.32) in a report issued on Tuesday. The brokerage presently has a “sell” rating on the financial services provider’s stock. Shore Capital’s price objective indicates a potential downside of 14.71% from the company’s previous close.

Best Bank Stocks To Own Right Now: First Commonwealth Financial Corporation(FCF)

Advisors' Opinion:

• [By Joseph Griffin]

  Get a free copy of the Zacks research report on First Commonwealth Financial (FCF)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Joseph Griffin]

  Barclays PLC increased its holdings in First Commonwealth Financial (NYSE:FCF) by 24.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,717 shares of the bank’s stock after buying an additional 6,593 shares during the period. Barclays PLC’s holdings in First Commonwealth Financial were worth $476,000 as of its most recent SEC filing.

• [By Logan Wallace]

  Get a free copy of the Zacks research report on First Commonwealth Financial (FCF)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

Best Bank Stocks To Own Right Now: Canadian Imperial Bank of Commerce(CM)

Advisors' Opinion:

• [By Logan Wallace]

  Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) – Analysts at Desjardins reduced their Q2 2018 earnings per share estimates for Canadian Imperial Bank of Commerce in a research report issued to clients and investors on Wednesday, May 2nd. Desjardins analyst D. Young now forecasts that the company will post earnings of $2.85 per share for the quarter, down from their prior estimate of $2.86.

• [By Joseph Griffin]

  Canadian Imperial Bank of Commerce (NYSE: CM) and Foreign Trade Bank of Latin America (NYSE:BLX) are both finance companies, but which is the superior business? We will contrast the two companies based on the strength of their dividends, profitability, earnings, analyst recommendations, institutional ownership, risk and valuation.

• [By Max Byerly]

  Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its position in Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) by 54.3% in the first quarter, HoldingsChannel reports. The firm owned 911,300 shares of the bank’s stock after buying an additional 320,800 shares during the quarter. Canadian Imperial Bank of Commerce comprises approximately 1.0% of Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s investment portfolio, making the stock its 19th largest position. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings in Canadian Imperial Bank of Commerce were worth $103,633,000 as of its most recent filing with the Securities and Exchange Commission.

• [By Garrett Baldwin]

  We're about to reveal a little wealth secret that could unlock the trade of a lifetime.�Money Morning�Special Situation Strategist Tim Melvin takes you inside what could easily be a 10-bagger for investors in the weeks ahead.�Read more right here.

  The Top Stock Market Stories for Tuesday The Euro has plunged to its lowest point against the U.S. dollar in 2018 thanks to political problems in Europe. The breakdown of power in Italy has raised new concerns about the nation��s ability to repay its debts, as the spread between German and Italian bonds has widened. Market instability has also spread to Spain where the nation��s parliament is preparing to vote on whether to oust Prime Minister Mariano Rajoy and his party. Oil prices slid one news that OPEC and Russia will consider hikes in production during a meeting in Vienna, Austria on June 22nd. The news accompanied reports that U.S. production is expected to rise throughout the summer. The price of WTI oil sat at $67.20 per barrel. The Brent crude oil price recovered this morning, adding 1% to hit $76.12. Canadian banks are under pressure this morning over a major breach by cyber criminals. The Bank of Montreal (NYSE: BMO) and the Canadian Imperial Bank of Commerce (NYSE: CM) �� the two largest banking institutions in the country �� announced that roughly 90,000 customers�� data may have been stolen. This would be the first major cybersecurity event to happen in Canada involving financial firms. Three Stocks to Watch Today: CRM, SBUX, MOMO com (NYSE: CRM) will lead a busy day of earnings reports on Wall Street. The cloud computing giant is set to report fiscal first quarter 2019 numbers after the bell on Tuesday. The average analyst projection calls for a 46% jump in EPS of $0.46 on top of a 23% gain in revenue to $2.94 billion. Starbucks�� Corporation (Nasdaq: SBUX) will temporarily close about 8,000 locations on Tuesday to train roughly 175,000 employees on racial bias. The training sessions were

Best Bank Stocks To Own Right Now: Ampco-Pittsburgh Corporation(AP)

Advisors' Opinion:

• [By ]

  The all-new Hyundai 2018 Kona, a subcompact crossover. (Photo: AP)

  When it comes to standard features, the Kona generally outpaces the EcoSport. Most items typically found on rivals are available on both SUVs, but the EcoSport requires that you add them as options or step up to the next trim level. The Kona widens its features lead by offering more advanced safety features (forward collision warning with automatic emergency braking, lane keeping assist and a driver attention monitor), a head-up display and a wireless charging pad. These are not available for any EcoSport.

• [By ]

  El-Arish, Egypt (AP) -- Egyptian security officials say a roadside bomb has targeted a pickup truck carrying members of the security forces in the turbulent north of the Sinai Peninsula, killing two.

• [By ]

  New York (AP) -- Four more deaths have been linked to a national food poisoning outbreak blamed on tainted lettuce, bringing the total to five.

  Health officials have tied the E. coli outbreak to romaine lettuce grown in Yuma, Arizona. The growing season there ended six weeks ago, and it's unlikely any tainted lettuce is still in stores or people's homes, given its short shelf life. But there can be a lag in reporting, and reports of illnesses have continued to come in.

Best Bank Stocks To Own Right Now: Wells Fargo & Company(WFC)

Advisors' Opinion:

• [By Jordan Wathen]

  Wells Fargo (NYSE:WFC) is often described as America's largest community bank, but I don't think most people really understand the accuracy of that descriptor. If you examine it on a branch-by-branch basis, it really is a community bank, size and all.

• [By ]
  Gold. The rise in gold looks solid. I'm currently long the SPDR Gold Shares ETF (GLD) . Lackluster Banks. We're seeing disappointing action in the financials. However, I continue to buy them. I'm long Bank of America (BAC) , Citigroup (C) , JPMorgan Chase (JPM) and Wells Fargo (WFC) , although I'm shorting Goldman Sachs (GS) .

  Lastly, with S&P 500 closing at 2,706, the downside risk relative to the upside reward seems to argue in favor of maintaining a net-short exposure.

• [By Shane Hupp]

  Wells Fargo & Co (NYSE:WFC) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 35,553,938 shares, an increase of 14.0% from the April 30th total of 31,180,217 shares. Based on an average daily volume of 16,584,785 shares, the short-interest ratio is presently 2.1 days. Currently, 0.7% of the shares of the company are sold short.

5 Hiring Mistakes I Made Running a Small Business

One of the most difficult tasks facing small-business owners is hiring. When you run a smaller organization, each person you hire impacts your operation more than most individuals would at a larger company.

In many cases, small businesses lack some of the fail-safe systems bigger companies have. You may not have a human resources department or even another senior person to run potential hires by.

Even if that's the case, you should be able to take steps to make sure you maximize your chances of hiring the right person. One way to do that is to avoid making these mistakes that I have made:

Hiring is challenging, but there are some traps you can easily avoid. Image source: Getty Images.

1. Don't skip reference checks

Most reference checks are a waste of time. The people you are calling may not be allowed to talk with you, or they may say nice things because they don't want to stop someone from being hired. Sometimes, though, a person will have something damning to say about the candidate that will make you glad you made the call. (Or, if you skipped the call, make you upset when you learn the horrible truth after it's too late.)

2. Don't ignore your instincts

Once, when I was hiring reporters for a small newspaper, I was sent a resume from someone dramatically overqualified. It looked like his career had been a hill: He had worked his way up to bigger newspapers and back down to smaller ones.

I asked him about it during the interview, and he talked about having family ties in our area. That sort of made sense, so I overlooked the fact that he had entered the interview drinking from a can of soda he had brought with him.

That seemed odd, but his work was good, and I hired him. It took maybe two days for people to mention to me that his ever-present soda can smelled of booze. And his actions quickly confirmed that he was drinking on the job.

3. Don't hire as a favor

When I worked as the general manager of a large toy and hobby store, the owner would often suggest people for me to hire. He was (and is) a compassionate man who liked to give second chances to people who needed them.

In most cases, these people did not work out. Sometimes they lacked the skills needed for the jobs we had. And a few times they were overqualified, which left them bitter at their lot in life. Helping these folks seemed like a good idea. But in reality, we weren't doing anything for them, and we were hurting our business.

4. Don't skip background checks

It's easy to do a background check online. It takes a few days and costs under $50 in most cases. They can turn up whether potential hires have something big in their past -- like a criminal conviction -- that they neglected to mention. (My mistake here led to hiring someone for a job that potentially involved driving, when the person legally could not drive.)

5. Don't be a stickler

Again, back in my toy store days, we struggled to find someone to run our model train business. We passed on several strong retail operators in order to hire someone experienced with model trains, hoping that he could learn the retail side.

It didn't work and showed me that it's never a good idea to force candidates to meet a rigid skill set. In this case, we could have taught someone the business while providing backup from product experts, and it would have worked out better.

Trust yourself

Perhaps the most important lesson I learned over many years of hiring is that meeting a person tells you more about them than a resume can. Sometimes that led me to hire less-experienced people or even real reaches because I felt good about them. That generally worked out (aside from the drunk reporter), and it often led to very loyal employees.

Top 5 Gold Stocks To Buy For 2019

tags:NXG,NGD,ORE,CME,

Zacks Investment Research downgraded shares of Goldman Sachs Group (NYSE:GS) from a strong-buy rating to a hold rating in a report released on Tuesday morning.

According to Zacks, “Shares of Goldman underperformed the industry over the past six months. However, the company boasts an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in all the trailing four quarters. The company’s first-quarter 2018 results witnessed top-line strength. Strong trading activities on high volatility supported the bottom-line numbers. Though regulatory issues are concerns, we believe the company’s well-diversified business and focus to capitalize on growth opportunities through strategic moves will continue to strengthen the overall business. Further, its cost-control measures are commendable. Additionally, the company’s steady capital-deployment activities have boosted investors' confidence. Notably, longtime CEO of Goldman is likely to retire by the end of 2018.”

Top 5 Gold Stocks To Buy For 2019: Northgate Minerals Corporation(NXG)

Advisors' Opinion:

• [By Shane Hupp]

  Shares of NEX Group PLC (LON:NXG) have been given an average rating of “Hold” by the nine ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is GBX 696 ($9.21).

Top 5 Gold Stocks To Buy For 2019: NEW GOLD INC.(NGD)

Advisors' Opinion:

• [By Paul Ausick]

  New Gold Inc. (NYSEAMERICAN: NGD) dropped about 1.9% Tuesday to post a new 52-week low of $2.09. Shares closed at $2.13 on Monday and the stock’s 52-week high is $4.25. The junior gold miner had no specific news.

• [By Paul Ausick]

  New Gold Inc. (NYSEAMERICAN: NGD) dropped about 3.8% Thursday to post a new 52-week low of $2.28. Shares closed at $2.37 on Wednesday and the stock’s 52-week high is $4.25. Volume was about 15% below the daily average of around 5.9 million shares. The company had no specific news.

• [By Paul Ausick]

  New Gold Inc. (NYSEAMERICAN: NGD) dropped about 2.9% Monday to post a new 52-week low of $2.35. Shares closed at $2.42 on Friday and the stock’s 52-week high is $4.25. Volume was about 10% below the daily average of around 5.8 million shares. The gold mining company had no news.

Top 5 Gold Stocks To Buy For 2019: Orezone Gold Corp (ORE)

Advisors' Opinion:

• [By Stephan Byrd]

  Galactrum (ORE) is a PoW/PoS coin that uses the
  Lyra2RE hashing algorithm. It launched on November 11th, 2017. Galactrum’s total supply is 2,092,679 coins and its circulating supply is 1,372,679 coins. Galactrum’s official Twitter account is @galactrum. Galactrum’s official website is galactrum.org.

• [By Jim Robertson]

  Finally, Richard Seville, the CEO of Brisbane-based Orocobre Ltd (ASX: ORE) which began lithium sales in 2015 from northern Argentina and also experienced difficulty boosting output, commented that an ��inability to access traditional funds has delayed the development of the sector�� and that ��these projects aren��t easy -- so the banks just don��t want to go there.��

Top 5 Gold Stocks To Buy For 2019: CME Group Inc.(CME)

Advisors' Opinion:

• [By ]

  Case in point, I've held CME Group (NYSE: CME) in my High-Yield Investing portfolio for almost four years now. When I first took a position in the summer of 2014, the stock offered a regular quarterly dividend of $0.47 per share that added up to a modest yield of 2.6%. Many income investors skipped over it without a second glance.

• [By Logan Wallace]

  Trexquant Investment LP purchased a new position in CME Group (NASDAQ:CME) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 24,661 shares of the financial services provider’s stock, valued at approximately $3,989,000.

• [By Ethan Ryder]

  Cashme (CURRENCY:CME) traded down 0.1% against the US dollar during the 1 day period ending at 18:00 PM ET on May 23rd. One Cashme coin can currently be purchased for about $0.0003 or 0.00000003 BTC on popular exchanges. Over the last week, Cashme has traded 55.3% higher against the US dollar. Cashme has a market capitalization of $0.00 and approximately $0.00 worth of Cashme was traded on exchanges in the last day.

• [By Ethan Ryder]

  Shares of CME Group Inc (NASDAQ:CME) have been given a consensus recommendation of “Buy” by the seventeen research firms that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $165.57.

• [By Logan Wallace]

  Epoch Investment Partners Inc. grew its holdings in shares of CME Group Inc (NASDAQ:CME) by 51.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,545,562 shares of the financial services provider’s stock after purchasing an additional 528,198 shares during the period. Epoch Investment Partners Inc.’s holdings in CME Group were worth $249,980,000 at the end of the most recent quarter.

• [By Ethan Ryder]

  CME Group (NASDAQ:CME) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Thursday.

Apple MacBook Pro line gets a refresh

Apple is updating its flagship MacBook Pro line of laptops to make them faster, brighter and quieter.

The company on Thursday announced the revamped 13- and 15-inch laptops which start at $1,799 and reach a whopping $6,699 for the most tricked out model.

The new devices represent a significant power jump for the line, and come with the latest Intel 6- or 8-core processors. The bigger model is 70% faster than the previous one, while the 13-incher is up to twice as fast. Apple (AAPL) said the improved performance lets users do things like handle large data sets, perform complicated simulations, and edit film faster than ever.

"The latest generation MacBook Pro is the fastest and most powerful notebook we've ever made," Philip Schiller, Apple's senior VP of marketing, said in a statement.

But the question is whether the new laptops address one of the biggest complaints people have about the MacBook Pro -- a keyboard so delicate it can be brought down by something as small as a muffin crumb. Apple doesn't specifically say whether the new generation of "butterfly" keyboards solves that annoying problem, which prompted Apple to announce a free repair program last month, but it does claim they are much quieter. However, Apple noted it's only a small number of users who have been impacted.

Some Pro users may be disappointed by the ports, which are, once again, limited to USB-C. MacBook Pros no longer feature the popular USB and HDMI ports, as well as SD and microSD card slots, required for some printers, cameras and some monitors. Users will need to continue to use dongles. Lots of dongles.

On the up side, the new Pros are the first Macs to feature "Hey Siri", the always-on, always listening option for summoning Apple's digital assistant, a feature already available on newer iPhones. Turn it on and your MacBook Pro will immediately respond to you barking, "Hey Siri."

The new MacBook Pros also get Apple's slick True Tone technology, which adjusts color temperatures based on your surroundings to provide a more natural viewing experience on your screen.

Look for the new laptops online and in select Apple stores beginning Thursday.

While there are some performance improvements, it's not a revolutionary iteration.

"These are the same Macs we've had for two years," said Patrick Moorhead, president and principal analyst at Moor Insights & Strategy. "I would have liked to have seen Apple add LTE options and touch screens."

Why L Brands, Netflix, and Cato Slumped Today

Major benchmarks rebounded on Thursday, as tech stocks rallied and investors put global trade tensions on the back burner.

But not every company's shares enjoyed a positive session. Read on to learn why L Brands (NYSE:LB), Netflix (NASDAQ:NFLX), and Cato�(NYSE:CATO) each slumped today.

Image source: Getty Images.

L Brands goes on sale

Shares of L Brands fell 12.1%�after�the parent company of chains including Victoria's Secret and Bath & Body Works announced disappointing monthly sales growth.

L Brands revealed that net sales had climbed 5.7% year over year, to $1.282 billion, for the five weeks ended July 7, 2018, slowing from 10% growth last month. Within that total, comparable-store sales climbed roughly 3%, again marking a deceleration from last month's 5% increase.

During a subsequent conference call, L Brands management blamed a "soft start with negative traffic levels" during Victoria's Secret's highly anticipated semiannual sale. As a result, the company opted to further reduce prices and extend the sale by two weeks to clear inventory -- a move investors will almost certainly see reflected in the company's next quarterly report in August.

Has Netflix climbed too high?

Netflix stock lost nearly 3% early in the session, then partially recovered to close down 1.2% in the wake of UBS analyst Eric Sheridan downgrading his firm's rating on the streaming-media leader from buy to neutral. He also curiously�increased�his price target on Netflix stock to $425 from $375, representing a modest premium from yesterday's closing price at around $419 per share.

To justify his call, Sheridan admitted while Netflix's content and technology leadership will likely "drive a virtuous circle of greater [subscribers] and increased viewing time," he worries that these strengths are "all priced in," making the stock a "less compelling" option for investors looking to put money to work today.

Still, with shares still up around 160% over the past year as of this writing, I think you'll be hard-pressed to find investors willing to complain about Wall Street's tempered enthusiasm.

Cato goes out of style

Finally, shares of Cato fell 13.5% following the women's fashion and accessories retailer's announcement of dissatisfying monthly sales results. For the five weeks ended July 7, 2018, Cato's sales fell 2.4% year over year to $72.9 million, as roughly flat same-store sales couldn't offset a small number of store closures over the past year.�

Company chairman and CEO John Cato simply stated the results arrived "slightly below" expectations.�Similar to L Brands' aforementioned slowdown, Cato's flat comps also marked a notable deceleration from 9% same-store sales growth in May -- a much better-than-expected result the company attributed at the time to "pent up demand" as weather began to improve throughout the month.

With shares up around 45% over the past year going into yesterday's close, it should come as no surprise to see Cato stock pulling back today.

Worthless Just Two Years Ago, West Texas Sand Now Brings in Billions

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Standing high on top of a windswept dune in the West Texas plains, Greg Edwards stares out into a vast ocean of sand. It stretches in every direction, interrupted only by an occasional strip of asphalt or clusters of silos that rise high into the sky.

Edwards runs a frack-sand mine. And those silos mark the presence of his rivals, who suddenly seem to be popping up everywhere. As he turns 360 degrees under the blistering midday sun, he calls out their names one by one: “Badger ... Atlas ... High Roller ... Alpine ... Black Mountain ... Covia.”

#lazy-img-329177313:before{padding-top:66.75%;}Greg Edwards walks through the sand dunes in Kermit, Texas.Photographer: Callaghan O'Hare/Bloomberg
​​​​

Twelve months ago, none of them existed -- not even the mine owned by Edwards’s employer, Hi-Crush Partners. It was the first of its kind here in West Texas. Day one was July 31, 2017. Ten others immediately followed. And another 10 or so are now hustling to get started.

Together, they will mine and ship some 22 million tons of sand this year to shale drillers all around them in the Permian Basin, the hottest oil patch on Earth. It is a staggering sum of sand, equal to almost a quarter of total U.S. supply. And within a couple years, industry experts say, the figure could climb to over 50 million tons.

David Cutbirth, the long-time mayor of the nearby town of Monahans, is dumbfounded by it all. Until the miners arrived, these dunes were a quasi-barren wasteland -- good only for weekend adventurers zipping around on buggies. And the price of sand was, well, zero. Today, it fetches $80 a ton, making this year’s haul alone worth about $2 billion.

"I’m in awe everyday," Cutbirth says. "This stuff is worth something?"

There is perhaps no industry that better captures the money-multiplying effect of the Permian boom than the out-of-nowhere emergence of West Texas as a rival to the original capital of U.S. frack-sand mining in northwestern Wisconsin. With such explosive growth, of course, comes the risk of over-expansion. The local miners are unmoved by such talk -- Hi-Crush CFO Laura Fulton actually laughed at the notion -- but to the more dispassionate set of analysts and investors who watch the industry from afar, it is a major risk even if the oil market continues to go strong.

“The fear on Wall Street today is, ‘Oh my gosh, things look great today, but we can’t assume this is gonna last,”’ said Joseph Triepke, a former Jefferies Group analyst who now runs an industry research firm called Infill Thinking. “Look at all this capacity.”

Marble vs. Jelly Bean

This concern is clearly visible in the stock market. Shares of Hi-Crush are down more than 10 percent since mid-May. So too are those of U.S. Silica Holdings and Emerge Energy Services. And Covia Holdings, a new company formed in a merger of two sand powerhouses, has slumped 27 percent since it began trading last month.

All of these miners, with the exception of Emerge, now have operations in West Texas. And they all have quarries back in Wisconsin too. That state had quickly emerged as the epicenter of the sand market when fracking took off a decade ago. Large, rugged and round as marbles, the granules found there are ideally shaped to prop open crevices in shale rock so that the oil can seep out freely.

#lazy-img-329177321:before{padding-top:66.75%;}Hi-Crush mining facility in Kermit, Texas.Photographer: Callaghan O'Hare/Bloomberg​​​​​​​

The West Texas sand isn’t nearly as big or as sturdy. And it’s oddly shaped too -- more like a jelly bean than a marble.

So for years, it was ignored. (No one was even interested in it for use in other industries, like cement or microchips.) But then, in the summer of 2014, the price of oil plunged. Suddenly, cost-cutting was all the rage. And there was no cheaper place to pump shale oil than in the Permian.

As drillers piled into the region, they began to wonder if they really needed to have sand shipped some 1,300 miles by rail from Wisconsin when they had this inferior, but serviceable, stuff lying all around them. Shipping costs from Wisconsin come to about $90 per ton of sand. That’s triple the $25 or so it costs to truck in the Texas sand.

“The business plan is simple,” says Peter Allen, senior project manager at Black Mountain Sand. “We cut out the cost of railing it here.”

Backed by a private-equity firm named Natural Gas Partners, Black Mountain is the biggest outfit in the area. It runs two mines nestled up against a desolate strip of highway that stretches into unincorporated parts of Texas along the border with New Mexico. They’re called Vest and El Dorado. Both are just months old. And both are already cranking out sand at a pace equal to 5 million tons a year.

It takes an army of trucks to haul that much sand to well sites. And they need to get in and out of the mines efficiently. Allen’s target is eight minutes or less. An automated system that knows which sand to feed each truck speeds the process along. Still, they come in so fast that the line can back up quickly. On a recent afternoon, it was several deep. Sergio Pando, a load-out operator, says that’s nothing. On a really hectic day, it can swell to 100.

‘Gold Rush’

Like most everyone else here, Pando was lured to the sand mines by the prospect of big pay. Even unskilled newbies can pull down $19 an hour, almost triple the state’s $7.25-per-hour minimum wage. A student at Texas Tech University, Pando took off the spring semester to start working at Black Mountain. Six months into the job, he’s making $28 an hour.

“You have this flood of people and resources and capital going into this small,
condensed area,” says Allen, who himself was recruited away from Rio Tinto’s U.S. mining operation. “It’s like a gold rush.”

#lazy-img-329177355:before{padding-top:66.75%;}Sand dunes at a state park near Monahans, Texas.Photographer: Callaghan O'Hare/Bloomberg

This gold rush metaphor comes up again and again in conversations here. Or gold mine. That one is popular too. Fulton, the Hi-Crush CFO, says it’s apt for the situation because, just like the speculators of old, people are trying to snap up land now before the actual mining companies arrive.

“They’re trying to just find something, quickly flip it and make some quick cash,” Fulton says. “They really don’t have the intention of staying and working in the sand industry.”

But as Edwards, the mine manager, stood atop that sand dune later that day and took in the sight of all of those rival silos dotting the horizon, he was struck by something very different. And while he didn’t betray any concern when he said it, there’s a cautionary, almost foreboding, note to the observation: “We knew there were people talking about it. We didn’t know how many would go through with it.”

Top 5 Heal Care Stocks To Own For 2019

tags:PCMI,SYNC,TAP,CVBF,SSI, PORT ST. LUCIE, Fla. ���What��s a miniature golf course without tacky windmills?

It turns out it can be video golf simulators where players can try their luck on any of more than 200 of the world's most famous golf courses.

Or 36 holes on "extreme" putting courses.

And through it all, it's a place where hackers can relax with a glass poured from any of�24 beer taps, including�local craft beer. There's also going to be�a full wine selection �� not to mention premium�ice cream.

This is�POP Stroke, the kind of adult-oriented "golf entertainment facility" that represents a more modern take on the�fun but schlocky�kid-oriented courses of the past.

"This is the cutting edge of miniature golf courses,�� said Greg Bartoli who is bringing the new facility to Florida's eight largest city. ��It��s going to be a real true putting experience and there��s not going to be any tacky windmills or a lot of the things you��d see in a 1980s style golf course.��

Top 5 Heal Care Stocks To Own For 2019: PCM, Inc.(PCMI)

Advisors' Opinion:

• [By Ethan Ryder]

  Get a free copy of the Zacks research report on PCM (PCMI)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Lisa Levin] Gainers Genprex, Inc. (NASDAQ: GNPX) shares gained 86.76 percent to close at $11.00 on Thursday. Comstock Resources, Inc. (NYSE: CRK) shares climbed 47.06 percent to close at $7.00 after the company disclosed a deal with Arkoma Drilling L.P. and Williston Drilling, L.P. to buy oil & gas properties in North Dakota. Comstock announced withdrawal of tender offers for outstanding secured notes. Ceridian HCM Holding Inc. (NASDAQ: CDAY) gained 41.86 percent to close at $31.21. MarineMax, Inc. (NYSE: HZO) shares rose 26.5 percent to close at $22.20 as the company posted upbeat Q2 results and raised its FY18 outlook. Concord Medical Services Holdings Limited (NYSE: CCM) jumped 24.92 percent to close at $4.06. Mattersight Corporation (NASDAQ: MATR) shares climbed 23.26 percent to close at $2.65 after the company agreed to be purchased by NICE Ltd. Chipotle Mexican Grill, Inc. (NYSE: CMG) rose 24.44 percent to close at $422.50 as the company reported stronger-than-expected results for its first quarter on Wednesday. Ultra Clean Holdings, Inc. (NASDAQ: UCTT) gained 17.75 percent to close at $18.64 following upbeat Q1 earnings. PCM, Inc. (NASDAQ: PCMI) rose 16.59 percent to close at $12.30 following Q1 results. Zymeworks Inc. (NASDAQ: ZYME) rose 16.06 percent to close at $15.25. Alexion Pharmaceuticals, Inc. (NASDAQ: ALXN) shares climbed 14.5 percent to close at $121.42 as the company posted reported Q1 beat And raised FY18 outlook. Advanced Micro Devices, Inc. (NASDAQ: AMD) shares gained 13.7 percent to close at $11.04 as the company reported upbeat results for its first quarter. Axsome Therapeutics, Inc. (NASDAQ: AXSM) rose 13.21 percent to close at $3.00 after the company disclosed a positive outcome of the interim analysis of STRIDE-1 Phase 3 trial of AXS-05 in treatment resistant depression. O'Reilly Automotive, Inc. (NASDAQ: ORLY) jumped 13.06 percent to close at $257.40 following upbeat Q1 profit. BioTelemetry,
• [By Ethan Ryder]

  PCM (NASDAQ: PCMI) and Insight Enterprises (NASDAQ:NSIT) are both small-cap consumer discretionary companies, but which is the better stock? We will compare the two businesses based on the strength of their institutional ownership, analyst recommendations, profitability, earnings, valuation, risk and dividends.

• [By Logan Wallace]

  PCM (NASDAQ: PCMI) and CDW common stock (NASDAQ:CDW) are both consumer discretionary companies, but which is the better investment? We will compare the two companies based on the strength of their institutional ownership, valuation, risk, profitability, dividends, earnings and analyst recommendations.

Top 5 Heal Care Stocks To Own For 2019: Synacor, Inc.(SYNC)

Advisors' Opinion:

• [By Joseph Griffin]

  Syncona Ltd (LON:SYNC) announced a dividend on Thursday, June 14th, Upcoming.Co.Uk reports. Investors of record on Thursday, June 21st will be paid a dividend of GBX 2.30 ($0.03) per share on Monday, July 30th. This represents a yield of 1.02%. The ex-dividend date is Thursday, June 21st. The official announcement can be seen at this link.

• [By WWW.GURUFOCUS.COM]

  For the details of INTEL CORP's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=INTEL+CORP

  These are the top 5 holdings of INTEL CORPCloudera Inc (CLDR) - 26,065,827 shares, 92.26% of the total portfolio. Borqs Technologies Inc (BRQS) - 3,799,172 shares, 5.42% of the total portfolio. ForeScout Technologies Inc (FSCT) - 257,756 shares, 1.37% of the total portfolio. Aquantia Corp (AQ) - 161,492 shares, 0.42% of the total portfolio. Synacor Inc (SYNC) - 866,884 shares, 0.23% of the total portfolio. New
• [By Stephan Byrd]

  Media coverage about Synacor (NASDAQ:SYNC) has trended somewhat positive recently, according to Accern. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Synacor earned a coverage optimism score of 0.05 on Accern’s scale. Accern also assigned news coverage about the information services provider an impact score of 47.6409011491603 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Top 5 Heal Care Stocks To Own For 2019: Molson Coors Brewing Company(TAP)

Advisors' Opinion:

• [By Paul Ausick]

  It won’t be the first or the largest alcoholic beverage maker to look at marijuana as a means to staunch falling sales, and that may be part of the reason that sources are revealing that Molson Coors Brewing Co. (NYSE: TAP) is searching for a partner to collaborate with on brewing up a cannabis-infused beer. Beverage maker Constellation Brands Inc. (NYSE: STZ) paid $245 million last year for a 9.9% stake in Canada’s Canopy Growth Corp. (NYSE: CGC) with an eye on the same prize.

• [By Rich Duprey]

  But while megabrewers like Anheuser-Busch InBev (NYSE:BUD) and Molson Coors (NYSE:TAP) continue to see overall sales shrink, craft beer at least can say its business is still growing. While the heady double-digit growth rates of the past decade are probably a thing of the past, sales volumes still rose 5% in 2017 for craft brewers, and small and independent brewers account for nearly 13% of the total market by volume, according to a report in The Washington Post.

• [By ]

  Molson Coors Brewing (NYSE: TAP) is the leading brewer globally with 25% of the U.S. market, a 33% share in Canada and a fifth of the European market. The company acquired the remaining 50% stake in MillerCoors from SABMiller in 2016, giving it greater scale and international distribution.

• [By Logan Wallace]

  Private Advisor Group LLC acquired a new position in shares of Molson Coors Brewing Co Class B (NYSE:TAP) during the first quarter, Holdings Channel reports. The institutional investor acquired 4,624 shares of the company’s stock, valued at approximately $349,000.

• [By Sean Williams]

  Infused beverages could be another very interesting dried cannabis alternative. Molson Coors Brewing (NYSE:TAP) is rumored to be looking for a marijuana partner to develop cannabidiol (CBD) and/or tetrahydrocannabinol (THC)-infused beverages. THC is the psychoactive component that gets you "high," while CBD is the nonpsychoactive component best known for its medical benefits. Molson Coors has seen its share of the Canadian beer market shrink over the past decade, and most alcohol companies are now facing the possibility of losing sales to legal cannabis. By partnering, Molson Coors could add a new channel of sales, as well as share a higher-margin product with a top-tier grower.�

Top 5 Heal Care Stocks To Own For 2019: CVB Financial Corporation(CVBF)

Advisors' Opinion:

• [By Shane Hupp]

  Glen Harbor Capital Management LLC reduced its holdings in CVB Financial Co. (NASDAQ:CVBF) by 45.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,054 shares of the financial services provider’s stock after selling 17,754 shares during the period. Glen Harbor Capital Management LLC’s holdings in CVB Financial were worth $477,000 as of its most recent filing with the Securities and Exchange Commission.

Top 5 Heal Care Stocks To Own For 2019: Stage Stores, Inc.(SSI)

Advisors' Opinion:

• [By Ethan Ryder]

  The Children’s Place (NASDAQ: PLCE) and Stage Stores (NYSE:SSI) are both retail/wholesale companies, but which is the superior stock? We will compare the two companies based on the strength of their risk, institutional ownership, valuation, profitability, dividends, earnings and analyst recommendations.

• [By Lisa Levin] Gainers Stellar Biotechnologies, Inc. (NASDAQ: SBOT) rose 32 percent to $2.89 in pre-market trading after the company disclosed that it achieved robust viral clearance for its manufacturing process. Babcock & Wilcox Enterprises, Inc. (NYSE: BW) rose 17.7 percent to $3.03 in pre-market trading after an amended 13D filing from Steel Partners Holdings shows a raised stake in the company from 6.99 million shares to 29.98 million shares, or a 17.8 percent stake. AcelRx Pharmaceuticals, Inc. (NASDAQ: ACRX) shares rose 12.7 percent to $3.55 in pre-market trading after the company announced the FDA acceptance of NDA for DSUVIA. Williams-Sonoma, Inc. (NYSE: WSM) shares rose 11.7 percent to $54.95 in pre-market trading. after the company reported stronger-than-expected results for its first quarter. The company also raised its FY18 earnings and sales guidance. Bilibili Inc. (NASDAQ: BILI) shares rose 9.3 percent to $13.59 in pre-market trading after announcing Q1 results. Stein Mart, Inc. (NASDAQ: SMRT) rose 8.1 percent to $3.46 in pre-market trading after reporting strong Q1 earnings. Universal Corporation (NYSE: UVV) rose 8.1 percent to $52.35 in pre-market trading after reporting fiscal Q4 results. Marinus Pharmaceuticals, Inc. (NASDAQ: MRNS) rose 8.1 percent to $5.65 in pre-market trading after gaining 6.30 percent on Wednesday. CEL-SCI Corporation (NYSE: CVM) rose 6.1 percent to $3.30 in pre-market trading after climbing 9.51 percent on Wednesday. TransEnterix, Inc. (NYSE: TRXC) rose 6 percent to $3.10 in pre-market trading after reporting a loan deal for $40 million in term loans with Hercules Capital. Stage Stores, Inc. (NYSE: SSI) rose 5.6 percent to $3.40 in pre-market trading following Q1 results. Koss Corporation (NASDAQ: KOSS) shares rose 5.2 percent to $2.42 in the pre-market trading session after falling 2.54 percent on Wednesday.

   

• [By WWW.GURUFOCUS.COM]

  For the details of AXAR CAPITAL MANAGEMENT L.P.'s stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=AXAR+CAPITAL+MANAGEMENT+L.P.

  These are the top 5 holdings of AXAR CAPITAL MANAGEMENT L.P.Stonemor Partners LP (STON) - 6,650,613 shares, 68.21% of the total portfolio. Shares added by 8.91%Patterson-UTI Energy Inc (PTEN) - 730,000 shares, 21.11% of the total portfolio. Stage Stores Inc (SSI) - 1,750,000 shares, 6.3% of the total portfolio. Shares added by 75.00%Five Star Senior Living Inc (FVE) - 2,039,878 shares, 4.38% of the total portfolio. Added
• [By Lisa Levin] Companies Reporting Before The Bell Best Buy Co., Inc. (NYSE: BBY) is projected to report quarterly earnings at $0.74 per share on revenue of $8.73 billion. McKesson Corporation (NYSE: MCK) is expected to report quarterly earnings at $3.56 per share on revenue of $51.25 billion. Medtronic plc (NYSE: MDT) is estimated to report quarterly earnings at $1.39 per share on revenue of $8.00 billion. Hormel Foods Corporation (NYSE: HRL) is projected to report quarterly earnings at $0.45 per share on revenue of $2.39 billion. Brady Corporation (NYSE: BRC) is expected to report quarterly earnings at $0.49 per share on revenue of $291.47 million. Sanderson Farms, Inc. (NASDAQ: SAFM) is projected to report quarterly earnings at $2.2 per share on revenue of $841.75 million. The Toronto-Dominion Bank (NYSE: TD) is estimated to report quarterly earnings at $1.16 per share on revenue of $6.86 billion. Royal Bank of Canada (NYSE: RY) is expected to report quarterly earnings at $1.61 per share on revenue of $8.05 billion. 58.com Inc. (NYSE: WUBA) is projected to report quarterly earnings at $0.21 per share on revenue of $372.49 million. Luxoft Holding, Inc. (NYSE: LXFT) is estimated to report quarterly earnings at $0.59 per share on revenue of $228.53 million. The Toro Company (NYSE: TTC) is expected to report quarterly earnings at $1.21 per share on revenue of $916.73 million. StealthGas Inc. (NASDAQ: GASS) is projected to report quarterly earnings at $0.06 per share on revenue of $37.75 million. Stage Stores, Inc. (NYSE: SSI) is estimated to report earnings for its first quarter. Thermon Group Holdings, Inc. (NYSE: THR) is projected to report quarterly earnings at $0.2 per share on revenue of $96.24 million. Tuniu Corporation (NASDAQ: TOUR) is estimated to report quarterly loss at $0.03 per share on revenue of $76.72 million.

   

Cabbage Trading 1.3% Higher This Week (CAB)

Cabbage (CURRENCY:CAB) traded 5.2% lower against the dollar during the 24-hour period ending at 11:00 AM Eastern on July 7th. One Cabbage coin can now be purchased for approximately $0.0025 or 0.00000038 BTC on exchanges. Cabbage has a total market cap of $26,118.00 and $25.00 worth of Cabbage was traded on exchanges in the last day. Over the last seven days, Cabbage has traded 1.3% higher against the dollar.

Here’s how other cryptocurrencies have performed over the last day:

Get Cabbage alerts: OmiseGO (OMG) traded down 3.3% against the dollar and now trades at $7.71 or 0.00117807 BTC. Wanchain (WAN) traded down 3.6% against the dollar and now trades at $2.32 or 0.00035507 BTC. Ardor (ARDR) traded 2.3% lower against the dollar and now trades at $0.16 or 0.00002467 BTC. Mithril (MITH) traded 12.5% lower against the dollar and now trades at $0.46 or 0.00007087 BTC. Raiden Network Token (RDN) traded up 1.1% against the dollar and now trades at $0.80 or 0.00012200 BTC. Quantum Resistant Ledger (QRL) traded 2.9% higher against the dollar and now trades at $0.47 or 0.00007188 BTC. DECENT (DCT) traded 1.8% lower against the dollar and now trades at $0.37 or 0.00005617 BTC. ION (ION) traded up 0.3% against the dollar and now trades at $0.87 or 0.00013304 BTC. Fluz Fluz (FLUZ) traded 10.3% higher against the dollar and now trades at $0.0213 or 0.00000325 BTC. FidentiaX (FDX) traded up 7.6% against the dollar and now trades at $0.0250 or 0.00000382 BTC.

Cabbage Coin Profile

CAB uses the hashing algorithm. Cabbage’s total supply is 10,499,996 coins. Cabbage’s official website is www.cabbage.tech. Cabbage’s official Twitter account is @cabbagetech.

Cabbage Coin Trading

Cabbage can be purchased on these cryptocurrency exchanges: YoBit. It is usually not presently possible to buy alternative cryptocurrencies such as Cabbage directly using US dollars. Investors seeking to acquire Cabbage should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Cabbage using one of the exchanges listed above.

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Stocks making the biggest moves premarket: NOC, LMT, SATS, F, TSLA, BIIB, BA & more

Check out the companies making headlines before the bell:

Northrop Grumman �� Northrop is pursuing a Japanese jet fighter contract that may put it in competition with US rival Lockheed Martin, according to sources who spoke to Reuters. Northrop had lost a competition against Lockheed for an Air Force stealth fighter jet nearly three decades ago.

Echostar �� Echostar is now seeking talks with Immarsat after its $3.2 billion bid to buy the British satellite firm was rebuffed. Immarsat said the offer significantly undervalues the company, as it had when it rejected a prior offer from its U.S. rival last month.

Ford Motor �� Ford reported a 38 percent drop in China vehicle sales in June, capping a first half sales slump. For the first six months of the year, sales were down 25 percent, the biggest decline since Ford started China operations in 2001.

Tesla �� The automaker��s Fremont, California factory is the subject of another probe by California regulators, following a safety-related complaint. California��s Occupational Safety and Health Administration acknowledged opening the case on June 21, but has not given specific details on the investigation.

Biogen �� Biogen said a new Alzheimer��s drug succeeded in a mid-stage trial for patients receiving the highest dose. Biogen is developing the drug in partnership with Japan��s Eisai Co., whose shares surged in Tokyo trading.

Boeing �� Boeing could get a boost after European rival Airbus raised its 20-year forecast for aircraft demand by more than seven percent.

Wynn Resorts �� Wynn Resorts announced the departure of long time general counsel Kim Sinatra, effective July 15. The hotel and casino operator said it had not yet finalized the terms of Sinatra��s transition and departure.

Deutsche Bank �� A German magazine reports that JPMorgan Chase and Industrial and Commercial Bank of China may both be interested in taking a stake in Deutsche Bank. JPMorgan subsequently denied that it was interested, and the German government denied it had privately expressed concerns about the bank.

Kraft Heinz, Conagra �� Shares of the two food makers could be impacted after a Financial Times report that American ketchup could be next on a list of EU trade targets. Kraft Heinz makes the popular Heinz ketchup brand, while Conagra is the maker of Hunt��s.

PriceSmart �� PriceSmart reported quarterly earnings of 61 cents per share, 2 cents below forecasts, though the retailer��s revenue did exceed forecasts. The warehouse retailer��s costs following several recent acquisitions.

Square �� Square withdrew its application with the FDIC to open a depository bank, which would allow it to collect government-insured deposits. The mobile payments company plans to refile after it strengthens its application.

Greenbrier Companies (GBX) Given a $55.00 Price Target by Wells Fargo & Co Analysts

Wells Fargo & Co set a $55.00 price target on Greenbrier Companies (NYSE:GBX) in a report released on Monday morning. The brokerage currently has a hold rating on the transportation company’s stock.

GBX has been the subject of a number of other reports. Zacks Investment Research raised shares of Greenbrier Companies from a hold rating to a buy rating and set a $56.00 price objective for the company in a research note on Thursday, March 8th. ValuEngine lowered shares of Greenbrier Companies from a strong-buy rating to a buy rating in a research report on Wednesday, March 7th. Stifel Nicolaus reduced their price target on shares of Greenbrier Companies from $55.00 to $54.00 and set a buy rating for the company in a research report on Sunday, April 8th. Finally, Cowen reissued a buy rating and issued a $58.00 price target on shares of Greenbrier Companies in a research report on Friday. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The stock has an average rating of Buy and an average target price of $58.25.

Get Greenbrier Companies alerts:

GBX stock opened at $54.10 on Monday. The company has a quick ratio of 1.95, a current ratio of 2.82 and a debt-to-equity ratio of 0.45. Greenbrier Companies has a one year low of $41.45 and a one year high of $54.46. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 14.39, a PEG ratio of 1.29 and a beta of 1.61.

Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings data on Friday, June 29th. The transportation company reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.16. Greenbrier Companies had a net margin of 5.92% and a return on equity of 10.89%. The company had revenue of $641.40 million during the quarter, compared to analyst estimates of $668.52 million. During the same period in the prior year, the firm earned $1.03 earnings per share. The business’s quarterly revenue was up 46.0% on a year-over-year basis. sell-side analysts predict that Greenbrier Companies will post 4.3 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 9th. Stockholders of record on Thursday, July 19th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date is Wednesday, July 18th. Greenbrier Companies’s dividend payout ratio (DPR) is 26.60%.

In other news, EVP Mark J. Rittenbaum sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $47.68, for a total value of $476,800.00. Following the completion of the sale, the executive vice president now directly owns 68,726 shares of the company’s stock, valued at $3,276,855.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark J. Rittenbaum sold 2,100 shares of the stock in a transaction that occurred on Thursday, May 24th. The stock was sold at an average price of $49.58, for a total transaction of $104,118.00. Following the completion of the sale, the executive vice president now directly owns 71,892 shares of the company’s stock, valued at $3,564,405.36. The disclosure for this sale can be found here. Insiders sold 25,100 shares of company stock valued at $1,168,428 over the last three months. 2.46% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Teacher Retirement System of Texas bought a new position in Greenbrier Companies during the fourth quarter valued at approximately $512,000. Swiss National Bank raised its position in Greenbrier Companies by 3.6% during the fourth quarter. Swiss National Bank now owns 48,500 shares of the transportation company’s stock valued at $2,585,000 after acquiring an additional 1,700 shares in the last quarter. Arizona State Retirement System raised its position in Greenbrier Companies by 225.9% during the fourth quarter. Arizona State Retirement System now owns 48,239 shares of the transportation company’s stock valued at $2,571,000 after acquiring an additional 33,439 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in Greenbrier Companies by 68.9% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 8,556 shares of the transportation company’s stock valued at $456,000 after acquiring an additional 3,490 shares in the last quarter. Finally, Rhumbline Advisers raised its position in Greenbrier Companies by 15.7% during the fourth quarter. Rhumbline Advisers now owns 70,918 shares of the transportation company’s stock valued at $3,780,000 after acquiring an additional 9,605 shares in the last quarter.

Greenbrier Companies Company Profile

The Greenbrier Companies, Inc designs, manufactures, and markets railroad freight car equipment in North America and Europe. Its Manufacturing segment offers double-stack intermodal railcars; tank cars; auto-max and multi-max products for the transportation of light vehicles; conventional railcars, such as covered hopper cars, boxcars, center partition cars, bulkhead flat cars, and solid waste service flat cars; and pressurized tank cars, non-pressurized tank cars, coil cars, coal cars, gondolas, sliding wall cars, and automobile transporter cars; and marine vessels, including conventional deck barges, double-hull tank barges, railcar/deck barges, barges for aggregates, and other heavy industrial products and dump barges.