March U.S. Dollar Futures is trading up 0.21 at $90.52.
Europe's Euro Currency (EUR/USD) set a new 12-month low and is trading at 1.2152.
Australia's Dollar is up against the U.S. Dollar trading at 0.8129, up 0.0017.
U.S. Dollar against Japan's Yen (USD/JPY) is higher by 0.34 at $120.68.
U.K.'s British Pound is trading lower at 1.5520, down 0.0026.
The U.S. Dollar versus the Canadian Dollar (USD/CAD) is trading up a bit at $1.1633.
U.S. Dollar against the Swiss Franc (USD/CHF) last traded at $0.9895, up 0.0027.
The U.S. Dollar/Mexico's Peso (USD/MXN) was last trading higher at 14.763, as lower crude oil prices pressured the Mexican Peso.
Posted-In: Futures Commodities Forex Markets
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Related Articles Piper Jaffray Sees Fundamentals Helping Priceline, But Less Favorable For ExpediaTop 5 Oil Service Stocks To Invest In 2015: 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 Arjun Sreekumar]
Consider the rupture of an Enbridge (NYSE: ENB ) pipeline, which discharged roughly a million gallons of bituminous crude into Michigan's Kalamazoo River in June 2010. Though three years have passed, the cleanup effort still isn't over. Enbridge employees and state and federal environmental crews continue to test the river, where sheen and clumps of oil still linger. The company reported a 4% year-over-year decrease in its first-quarter net income, partially because of the escalation of cleanup costs related to the spill, which are now approaching a whopping $1 billion.
Top 5 Canadian Companies To Invest In Right Now: PPL Corporation(PPL)
PPL Corporation, an energy and utility holding company, generates and sells electricity; and delivers natural gas to approximately 5.3 million utility customers primarily in the northeastern and northwestern U.S. The company operates in four segments: Kentucky Regulated, International Regulated, Pennsylvania Regulated, and Supply. The Kentucky Regulated segment engages in the generation, transmission, distribution, and sale of electricity; and the distribution and sale of natural gas to approximately 1.3 million customers in Kentucky, Virginia, and Tennessee. The International Regulated segment owns and operates electricity distribution businesses in the United Kingdom that deliver electricity to 7.7 million customers. The Pennsylvania Regulated segment delivers electricity to approximately 1.4 million customers in eastern and central Pennsylvania. The Supply segment owns and operates power plants to generate electricity using coal, uranium, natural gas, oil, and water res ources; markets and trades electricity and other purchased power to wholesale and retail markets; and acquires and develops domestic generation projects. It controls or owns a portfolio of generation assets of approximately 11,000 megawatts in Montana and Pennsylvania. As of December 31, 2010, the company?s distribution system included 649 substations with a capacity of 25 million kVA, 28,838 circuit miles of overhead lines, and 24,131 cable miles of underground conductors in the United Kingdom. It also operated 377 substations with a capacity of 31 million kVA, 33,122 circuit miles of overhead lines, and 7,368 cable miles of underground conductors in Pennsylvania. The company was founded in 1920 and is headquartered in Allentown, Pennsylvania.
Advisors' Opinion:- [By Ben Levisohn]
The S&P 500, meanwhile, was hit by big losses in Exelon (EXC), Goodyear Tire & Rubber (GT) and PPL Corp (PPL). Exelon dropped 3.8% to $35.75 after the utility announced a secondary offering, while Goodyear fell 2.8% to $26.17. PPL Corp declined 2.8% to $33.72 after announcing that it plans to spin off its Montana power plants.
- [By Justin Loiseau]
Bucks from the Brits
PPL (NYSE: PPL ) managed to wow investors in 2011 when the company beat analyst estimates for four straight quarters. When it did it again in 2012, it was really only a matter of time until its shares hit a new 52-week high, now up 17.7�% in the last year. With 85% of 2013 earnings per share (EPS) originating from regulated business, the utility has taken a tried-and-true page out of Ameren's book. PPL boasts a friendly and diverse regulatory environment across three states and the United Kingdom, and its 4.7% yield is above average for utilities dividend stocks. - [By Justin Loiseau]
Since 2008, sales have fallen nearly 20%, while diluted EPS is down 83%. Southern, a slightly larger company, has seen sales drop 3% while diluted EPS headed 19% higher. PP&L (NYSE: PPL ) , a slightly smaller utility than Dominion, has managed to boost revenue over 50%, but diluted EPS is just 5% above its 2008 level.
Top 5 Canadian Companies To Invest In Right Now: Potash Corporation of Saskatchewan Inc.(POT)
Potash Corporation of Saskatchewan Inc. produces and sells fertilizers and related industrial and feed products primarily in the United States and Canada. The company mines and produces potash, which is used as fertilizer. It also offers solid and liquid phosphate fertilizers; animal feed supplements; and industrial acids that are used in food products and industrial processes. In addition, the company produces nitrogen fertilizers, as well as nitrogen feed and industrial products, including ammonia, urea, nitrogen solutions, ammonium nitrate, and nitric acid. Further, it holds the right to mine 785,759 acres of land in Saskatchewan; and 58,263 acres of land in New Brunswick in Canada. The company sells its fertilizers primarily to retailers, dealers, co-operatives, distributors, and other fertilizer producers; industrial products primarily to chemical product manufacturers; and purified phosphoric acid directly to consumers of the product. Potash Corporation was founded i n 1953 and is based in Saskatoon, Canada.
Advisors' Opinion:- [By Jon C. Ogg]
Potash Corp. of Saskatchewan Inc. (NYSE: POT) was downgraded to Underweight from Overweight at HSBC.
Speaking of out of favor stocks potentially creating a value situation, we have identified five big stocks trading under book value for you value investors.
- [By Tim Gallagher]
My initial commentary was criticized by some as a "rant," a "rambling stream of consciousness," and several other descriptions, and that was exactly how I intended it to be…..on the surface. I attempted to satirize and emphasize the panic and fear that resulted in the 20-25% correction that ensued, and some thought me crazy to step into the smoky fray, doubling down on Potash Corp. (POT). I would have bought several other companies just as brazenly that day, and the following week, if I had the cash available. Doubling my position was my share though. A good start.
- [By Sean Williams]
Working against the entire industry have been weaker commodity prices, which have sacked fertilizer prices across the board. Potash producers such as PotashCorp (NYSE: POT ) and Agrium have seen prices per ton sink from more than $455 last year to just $390 as of the end of March. Things are even worse, though, for nitrogen-based fertilizer producers in terms of the price drop they've witnessed. Last spring, liquid UAN had been going for $450 a ton and was down to $350 a ton to start the year. The drop was even more noticeable for dry urea nitrogen, which tumbled from as high as $750 a ton to $440 a ton.�
- [By Daniela Pylypczak]
Morgan Stanley announced on Monday that it has resumed coverage on Potash Corp (POT).
Morgan Stanley analyst Vincent Andrews stated that the company has assigned the fertilizer stock an “Equal Weight” rating, warning “We remain cautious on the overall potash market, though more because of loose supply/demand fundamentals than because of dynamics in Russia/Belorussia. Potash prices have been moving lower for 8 quarters in a row now (7 of which BPC was fully functioning) and prices were continuing to drift lower in the weeks preceding the BPC break-up (recall Mosaic’s disclosure about lower prices in the Brazilian market on its July 16th earnings call.”
Potash shares popped 1.55% during Monday’s session. Year-to-date, the stock has fallen 21.35%.
Top 5 Canadian Companies To Invest In Right Now: Ormat Technologies Inc.(ORA)
Ormat Technologies, Inc., together with its subsidiaries, engages in the geothermal and recovered energy power business in the United States and internationally. The company operates in two segments, Electricity and Product. The Electricity segment develops, builds, owns, and operates geothermal and recovered energy-based power plants; and sells the electricity. The Product segment designs, manufactures, and sells power units for geothermal and recovered energy-based electricity generation; fossil fuel powered turbo-generators; and heavy duty direct-current generators. It also provides services relating to the engineering, procurement, construction, operation, and maintenance of geothermal and recovered energy power plants. This segment serves contractors and geothermal power plant owners and operators; and interstate natural gas pipeline owners and operators, gas processing plant owners and operators, cement plant owners and operators, and companies in other energy-intens ive industrial processes. The company was founded in 1965 and is based in Reno, Nevada. Ormat Technologies, Inc. is a subsidiary of Ormat Industries Ltd.
Advisors' Opinion:- [By John Udovich]
Yesterday, small cap geothermal stock U.S. Geothermal Inc (NYSEMKT: HTM) produced a geyser of a return when it surged 26.79%, meaning its worth taking a closer look at the stock verses the performance of other geothermal stocks like small cap Ormat Technologies, Inc (NYSE: ORA) and mid cap Calpine Corporation (NYSE: CPN).�First of all, I should mention there are some other geothermal stocks out there like Alterra Power Corp (CVE: AXY) and Ram Power Corp (TSE: RPG) who have their primary listing on Canadian exchanges with secondary ones on the OTC���meaning they may not be a good deal for American investors or easy to invest in. Second, U.S. Geothermal Inc itself is a good geothermal proxy as its�focused on developing, owning, and operating clean, sustainable electric power from geothermal energy resources and its�operating geothermal power projects at Neal Hot Springs, Oregon; San Emidio, Nevada; and Raft River, Idaho plus El Ceibillo, an advanced stage, geothermal prospect located within a 24,710 acre energy rights concession area near Guatemala City, the largest city in Central America.
- [By John Udovich]
Small cap Ocean Power Technologies Inc (NASDAQ: OPTT) just sank 34% on news that they have fired their CEO "for cause,��meaning its worth taking a closer look at the stock to see if there is anything to salvage (shares were rising more than 6% in after hours) plus take a look at the performance of potential renewable energy related peers like Ormat Technologies, Inc (NYSE: ORA), Broadwind Energy Inc (NASDAQ: BWEN) and China Ming Yang Wind Power Group Ltd (NYSE: MY).
- [By Seth Jayson]
Ormat Technologies (NYSE: ORA ) reported earnings on May 7. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Ormat Technologies met expectations on revenues and beat expectations on earnings per share. - [By Marie Mawad]
Orange SA (ORA), France�� biggest phone company, agreed to sell its Dominican Republic unit to Altice, a cable and telecommunications investor, for $1.4 billion.
No comments:
Post a Comment