The possible resolution, for what would be the biggest environmental bankruptcy settlement on record, ends two years of litigation brought by a trust for governments, tribes and individuals that held claims against paint materials maker Tronox. Huge environmental liabilities forced the company, which makes titanium dioxide used in paints, into bankruptcy.
Kerr-McGee Anadarko acquired in 2006, a year after it spun Tronox off as a separate unit. Tronox came out of bankruptcy in 2011.
Word of the settlement caused Anadarko's stock to catapult to $100, a 12-month high Thursday, before closing at $99.02, an increase of 14%. Anadarko had hoped for liability of as low as $850 million, but potential liability has weighed on its shares.
Top 10 Energy Stocks For 2015: United Natural Foods Inc.(UNFI)
United Natural Foods, Inc., together with its subsidiaries, distributes natural, organic, and specialty foods, as well as non-food products in the United States. It carries approximately 60,000 products, consisting of national brand, regional brand, private label, and master distribution products in 6 product categories: grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements, bulk and food service products, and personal care items. The company serves approximately 17,000 customer locations primarily located across the United States, which include independently owned natural products retailers, supernatural chains, conventional supermarkets, and food service centers. Its other distribution channels include international mass market chains and buying clubs. The company also owns and operates natural products retail stores. As of August 1, 2009, it had 13 natural products retail stores located primarily in Florida. In addition, the com pany engages in the international importing, roasting, packaging, and distribution of nuts, seeds, dried fruits, and snack items. It sells these items in bulk in its own packaged snack lines, EXPRESSnacks, Woodfield Farms, and Woodstock Farms, as well as through private label packaging arrangements. The company was founded in 1978 and is headquartered in Providence, Rhode Island.
Advisors' Opinion:- [By Wallace Witkowski]
United Natural Foods Inc. (UNFI) �shares rose 3% to $77.68 on light volume after the food distributor reported fiscal second-quarter earnings of 56 cents a share on revenue of $1.65 billion. Analysts expected fiscal second-quarter earnings of 56 cents a share on revenue of $1.64 billion.
- [By Patricio Kehoe]
In order to maximize volume discount, Whole Foods purchases at regional or national scales. While many of its perishable products are obtained from local producers, almost a third of the company�� purchases are sourced from United Natural Foods Inc. (UNFI). Their distribution agreement, valid through 2020, stipulates that UNFI will be the company�� main provider of frozen foods and groceries. However, the company seeks to diversify its supplier base by sourcing form local farmers who are eager to suit its high-quality food production standards.
- [By abirk]
One great player in this organic food industry is United Natural Foods, Inc. (UNFI). With a market cap of $3.12 billion, the company is a distributor of natural, organic and specialty foods, and non-food products in the United States and Canada. The company serves more than 31,000 customer locations over 65,000 different products. This Providence, Rhode Island- based company serves as the main distributor to Whole Foods Market, Inc. (WFM) which represented 36% of United Natural Foods' revenue last year. The company also has long-term contracts with Costco Wholesale Corporation (COST), and The Kroger Co. (KR).
- [By Greg Harmon]
United Foods International (UNFI), has run higher in fits and starts from a double bottom at 47ish. The movement since late May has been a harmonic deep crab. It achieved the potential reversal zone (PRZ) and is now pulling back in a broadening descending wedge. Or is it a bull flag? The crab calls for a target lower at the 38.2% Fibonacci level, while the bull flag suggests a MM to 62.50. Whichever it gives first is the one to play. I guess the world is right to think of Whole Foods first. Both of these stocks will be moving but not likely before Whole Foods reports.
Best US Companies To Own In Right Now: Templeton Emerging Markets Fund (EMF)
Templeton Emerging Markets Fund (the Fund) is a diversified, closed-end investment company. The Fund seeks long-term capital appreciation by investing at least 80% of its net assets in emerging country equity securities. It makes investments in China, Brazil, South Korea, Turkey, Russia, Thailand, India, Taiwan, Hungary and South Africa. The Fund invests in sectors, such as metals and mining, commercial banks, diversified financial services, semiconductors and semiconductor equipment, wireless telecommunication services, and oil, gas and consumable fuels.
Templeton Asset Management Ltd. (TAML) serves as the Fund�� investment manager. Its administrative manager is Franklin Templeton Services, LLC. The Fund may invest in the Franklin Institutional Fiduciary Trust Money Market Portfolio (the Sweep Money Fund), an open-end investment company managed by Franklin Advisers, Inc. (an affiliate of TAML).
Advisors' Opinion:- [By George Putnam, Editor, New Generation Research, Inc.]
Templeton Emerging Markets Fund (EMF) is also actively managed. Currently, the fund is Asian-centric with about 71% of assets from Asian markets, mostly China and Thailand.
Best US Companies To Own In Right Now: Bouygues SA (BOUYF.PK)
Bouygues SA is a France-based group that operates in two sectors: Telecommunications and Media, and Construction. The Construction division comprises three core subsidiaries: Bouygues Construction, specializing in building and public works activities, notably in the areas of electrical engineering, and facility maintenance; Bouygues Immobilier, a property development company, whose activities include the development of residential, corporate and commercial properties, and the execution of urban development schemes, and Colas, engaged in the construction and maintenance of transport, urban development and leisure infrastructure. The Telecommunications and Media division of the Group comprises two companies: TF1, specializing in audiovisual and cinema production, the acquisition and sale of audiovisual rights, and the publishing and distribution of compact discs, among others, and Bouygues Telecom, which offers mobile telephone and broadband Internet services. Advisors' Opinion:- [By Mike Arnold]
I normally don't look at charts much, but comparing Orange to its competitors in the French telecommunications market is quite fascinating. As one can see, incumbents Bouygues (BOUYF.PK) and Vivendi (VIVHY.PK) (owner of SFR) saw similar price declines. The market, on the other hand, rapidly bid up the price of new entrant Iliad SA (ILIAF.PK), as a result of forecasts for Iliad to capture significant mobile market share (which it did, around 10%). The wide divergence in price relative to changes in underlying value favor going long the incumbents, including Orange. Because this time it's different.
Best US Companies To Own In Right Now: Pepsico Inc.(PEP)
PepsiCo, Inc. engages in the manufacture, marketing, and sale of foods, snacks, and carbonated and non-carbonated beverages worldwide. The company operates in four divisions: PepsiCo Americas Foods (PAF); PepsiCo Americas Beverages (PAB); PepsiCo Europe; and PepsiCo Asia, Middle East, and Africa (AMEA). The PAF division offers Lay?s and Ruffles potato chips, Doritos and Tostitos tortilla chips and dips, Cheetos cheese flavored snacks, Fritos corn chips, Quaker Chewy granola bars, and SunChips multigrain snacks in North America; Quaker oatmeal, Aunt Jemima mixes and syrups, Cap?n Crunch cereal, Quaker grits, and Life cereal, as well as Rice-A-Roni, Pasta Roni, and Near East side dishes in North America; and various snack foods under Doritos, Marias Gamesa, Cheetos, Ruffles, Emperador, Saladitas, Sabritas, and Lay?s brands in Latin America. The PAB division provides carbonated soft drinks, beverage concentrates, fountain syrups, and finished goods under Pepsi, Mountain Dew, Gatorade, 7UP, Tropicana Pure Premium, Electropura, Sierra Mist, Epura, and Mirinda brands; ready-to-drink tea, coffee, and water products through joint ventures with Unilever and Starbucks; and sells concentrate to authorized bottlers, and branded finished goods directly to independent distributors and retailers. This division also manufactures third-party brands, such as Dr Pepper, Crush, Rock Star, and Muscle Milk. The PepsiCo Europe division offers Frito Lay Snacks, Pepsi-Cola beverages, Gatorade sports drinks, Tropicana juices, and Quaker foods in Europe. The AMEA division provides snack food under the Lay?s, Kurkure, Chipsy, Doritos, Smith?s, Cheetos, Red Rock Deli, and Ruffles brands; Quaker-brand cereals and snacks; and beverage concentrates, fountain syrups, and finished goods under the Pepsi, Mirinda, 7UP, and Mountain Dew brands. PepsiCo, Inc. was founded in 1898 and is headquartered in Purchase, New York.
Advisors' Opinion:- [By Teresa Rivas]
Shares of PepsiCo (PEP) were in the black Thursday, as the beverage giant logged higher-than-anticipated first-quarter profit and sales.
Pepsi said it earned $1.22 billion, or 79 cents a share, one dime higher than the year-ago period. Adjusted earnings were 83 cents a share, ahead of the 75 cents the Street was expecting. Revenue edged upward to $12.62 billion, coming in just ahead of the $12.4 billion consensus.
While beverage volume was flat, snack products saw a 2% gain.
In North America, Pepsi�� food business saw sales rise 1.3%, and beverages revenue inched upward, helped by sales of noncarbonated offerings, as carbonated drinks saw a 1% decline in volume in the region.
Outside the U.S., European sales rose 1%, while revenue fell 4.6% in Asia, the Middle East and Africa.
Morningstar�� R. J. Hottovy maintained a Hold rating and $88 price target on the stock, but was largely upbeat about the quarter, writing that it highlighted the firm�� strong portfolio of snack products and pricing power in the beverage market.
Frito-Lay North America enjoyed 4% organic revenue growth, led by mid-single-digit gains in U.S. salty snacks and price increases across the portfolio. Similarly, Pepsi Americas Beverages��positive price actions and growth in non-carbonated drinks helped to offset further volume declines in North American soda and difficult performance in Mexico. For PepsiCo in sum, price increases added three percentage points of growth in the quarter. In our opinion, this disciplined price performance highlights the company�� solid brand intangible assets, and we continue to believe that management�� long-run mid-single-digit revenue growth target is appropriate.
The firm also provided further details on its productivity goals, noting that the $1 billion of annual savings (roughly 1.5% of 2013 revenue) planned for the next five years is meant to offset labor cost inflation, negative mix impacts from emer
- [By Eric Volkman]
Getty Images/Joe Raedle Nelson Peltz doesn't want to wash down his Fritos with a Pepsi -- at least, not if they're both sold by the same company. His investment firm, Trian Fund Management, is a major shareholder in PepsiCo (PEP), which owns both of those brands, and he's pushing for it to separate its beverage business from its snack foods. The proposal cuts at the foundation of PepsiCo's business strategy, which revolves around the perceived synergies between its liquid offerings and its foodstuffs. Not surprisingly, the company has been swift to reject Peltz's idea in the strongest possible terms. But before we toss it out with the recycling, let's take a look to see if the proposal could be beneficial, or if it's really just so much flat soda. On its website, PepsiCo's lineup of products appears under the category "Brands You Love." Indeed, you'd be hard-pressed to fine someone who isn't a fan of at least one -- Pepsi, Tropicana, Lipton, Quaker Oats, Doritos, Fritos, Lay's and Ruffles, among many others. Synergy Among a Portfolio of Lovable Brands But Peltz argues the familiarity and renown of those products has not translated into meaningful returns lately. In a letter Trian sent PepsiCo, it said that under the reign of current CEO Indra Nooyi, the firm's growth in earnings per share "has significantly trailed that of peers." Trian argues that separating the two businesses would eliminate the overhead that comes from a sprawling corporate structure, and make each of the resultant companies leaner and more "entrepreneurial." A glance at recent history seems to indicate otherwise. Look at the arc of a recent snack food divorcee, Mondelez International (MDLZ). The company, which divested itself of what is now Kraft Foods Group (KRFT) in October 2012, saw fourth-quarter 2013 revenues of just under $9.5 billion. This was slightly lower than the result in the same quarter last year, its first as a stand-alone entity. Attributable net ballooned more than th
- [By Ingrid Hendershot]
In the late 1800s, Caleb Bradham, a North Carolina pharmacist, created Pepsi-Cola (PEP). Since then, hundreds of other great brands have since been launched and acquired.
- [By Brian Stoffel]
This was a decision that rival PepsiCo� (NYSE: PEP ) has already made, as it allows the companies to pass on overhead costs to smaller bottlers to provide distribution to stores and gas stations. No timeline was set for the move, but the market clearly thinks that the move will help Coke save money and boost earnings over time.
Best US Companies To Own In Right Now: Grupo Aeroportuario del Sureste, SAB de CV (ASR)
Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR), incorporated in April 1998, is a holding company. The Company operates, maintains and develops nine airports in the Southeast region of Mexico. ASUR is a wholly owned company of the Mexican federal government. The Company operates in five segments: Cancun Airport and Subsidiaries (Cancun), Villahermosa Airport (Villahermosa), Merida International Airport (Merida) Servicios Aeroportuarios del Sureste, S. A. de C. V. (Servicios) and others. The Company�� nine airports are located in Cancun, Cozumel, Merida, Huatulco, Oaxaca, Veracruz, Villahermosa, Tapachula and Minatitlan. As of December 31, 2011, eight Mexican and 74 international airlines, including united States-based airlines, such as American Airlines and United Air Lines, were operating directly or through code-sharing arrangements in its airports. Tthe Mayan Riviera is served primarily by Cancun International Airport. The Company�� airports served approximately 17.5 million passengers, during the year ended December 31, 2011.
In 2011, the Company�� airports served a total of approximately 17.5 million passengers, approximately 57.5% of which were international passengers. In 2011, Cancun International Airport accounted for 74.2% of its passenger traffic volume and 72.8% of its revenues from its nine airports. The Company�� Cancun International Airport is located approximately 16 kilometers (10 miles) from the city of Cancun. During 2011, approximately 13.0 million passengers traveled through Cancun International Airport, principally through the old main terminal (Terminal 2) and the new terminal (Terminal 3). Merida International Airport serves the inland city of Merida and surrounding areas in the state of Yucatan. In 2011, approximately 1.2 million passengers traveled through Merida International Airport. The airport has two perpendicular runways, one with a length of 3,200 meters (2.0 miles) and another with a length of 2,300 meters (1.4 miles). The airport has one t! erminal, with four gates.
In 2011, approximately 17,732 metric tons of cargos were transported through Merida International Airport. There were 34 businesses operating in Merida International Airport, as of December 31, 2011. Cozumel International Airport is located on the island of Cozumel in the state of Quintana Roo. The airport primarily serves foreign tourists. During 2011, approximately 441,692 passengers traveled through Cozumel International Airport. Villahermosa International Airport is located in the state of Tabasco, approximately 75 kilometers (46.9 miles) from Palenque, a Mayan archeological site. During 2011, the airport served approximately 851,264 passengers. Oaxaca International Airport serves the city of Oaxaca. The airport served approximately 401,320 passengers, in 2011. There were 17 businesses operating at Oaxaca International Airport, as of December 31, 2011.
Veracruz International Airport is located in the city of Veracruz along the Gulf of Mexico. In 2011, the airport served approximately 867,438 passengers. The airport has one commercial terminal. The airport has two perpendicular runways, one with a length of 2,400 meters (1.5 miles) and another with a length of 1,523 meters (one mile). The airport also has a general aviation building for small private aircraft with 23 positions. Huatulco International Airport serves the Huatulco resort area in the state of Oaxaca on Mexico�� Pacific coast. The airport served approximately 459,640 passengers, in 2011. The airport has one runway with a length of 2,700 meters (1.7 miles). The airport�� terminal has five remote positions. The airport has a general aviation building for small private airplanes with eight positions. There were 19 businesses operating at Huatulco International Airport, as of December 31, 2011. Tapachula International Airport serves the city of Tapachula. In 2011, the airport served approximately 161,892 passengers.
The airport has one runway with a length of 2,000 meters! (1.3 mil! es). The airport has one terminal with three remote boarding positions. The airport also has a general aviation building for small private aircraft with 24 boarding positions. There were 17 businesses operating at Tapachula International Airport, as of December 31, 2011. Minatitlan International Airport is located near the Gulf of Mexico. In 2011, the airport served approximately 108,521 passengers. The airport has one runway with a length of 2,100 meters (1.3 miles). The airport�� main terminal has four remote parking positions. The airport has a general aviation building for small private airplanes with 30 boarding positions. There were 13 businesses operating at Minatitlan International Airport, as of December 31, 2011.
Aeronautical Services
The Company�� revenues from aeronautical services are derived from passenger charges, landing charges, aircraft parking charges, charges for the use of passenger walkways and charges for the provision of airport security services. Charges for aeronautical services generally are designed to compensate an airport operator for its infrastructure investment and maintenance expense. Aeronautical revenues are principally dependent on three factors, which include passenger traffic volume, the number of air traffic movements and the weight of the aircraft. Approximately 54.6% of its total revenues were derived from aeronautical services, in 2011. ASUR collects a passenger charge for each departing passenger on an aircraft.
The Company collects various charges from carriers for the use of its facilities by their aircraft and passengers. For each aircraft�� arrival, it collects a landing charge that is based on the average of the aircraft�� maximum takeoff weight and the aircraft�� weight without fuel. The Company also collects aircraft parking charges based on the time an aircraft is at an airport�� gate or parking position. It also assesses an airport security charge, which is collected from each airline based on the nu! mber of i! ts departing passengers. The Company provides airport security services at its airports through third-party contractors. ASUR also provide firefighting and rescue services at ASUR's airports.
Non-aeronautical Services
ASUR�� from non-aeronautical services are derived from commercial activities, such as the leasing of space in its airports to retailers, restaurants, airlines and other commercial tenants, and access fees charged to providers of complementary services in its airports, such as catering, handling and ground transport. In 2011, the Company opened nine commercial spaces, including six in Cancun, one in Cozumel, one in Minatitlan and one in Tapachula. Within the Company�� nine airports, it leased approximately 221 commercial premises, as of December 31, 2011, including restaurants, banks, retail outlets, currency exchange bureaus and car rental agencies. At each of its airports, ASUR earns revenues from charging access fees to various third-party providers of services, including luggage check-in, sorting and handling, aircraft servicing at ASUR's gates, aircraft cleaning, cargo handling, aircraft catering services and assistance with passenger boarding and deplaning. Seven different contractors provide handling services at its nine airports. Each of the Company�� airports has public car parking facilities consists of open-air parking lots. At each of its airports, security services are provided by independent security companies that the Company hires.
Advisors' Opinion:- [By Aubrey Pringle]
Detour Gold Corp. and Alacer Gold (ASR) Corp. each added at least 6.8 percent to pace advances among producers of raw materials. Maple Leaf Foods Inc. jumped 10 percent as the company said it might sell its 90 percent stake in Canada Bread Co. Athabasca Oil Co. slid 2.9 percent to the lowest since May to pace declines among energy producers.
- [By Seth Jayson]
Calling all cash flows
When you are trying to buy the market's best stocks, it's worth checking up on your companies' free cash flow once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That's what we do with this series. Today, we're checking in on Grupo Aeroportuario del Sureste (NYSE: ASR ) , whose recent revenue and earnings are plotted below.
Best US Companies To Own In Right Now: Wyndham Worldwide Corp(WYN)
Wyndham Worldwide Corporation, together with its subsidiaries, provides various hospitality products and services to individual consumers and business customers in the United States and internationally. It offers its products and services under the Wyndham Hotels and Resorts, Ramada, Days Inn, Super 8, Howard Johnson, Wyndham Rewards, Wingate by Wyndham, Microtel, RCI, The Registry Collection, ResortQuest, Landal GreenParks, Novasol, Hoseasons, cottages4you, James Villa Holidays, Wyndham Vacation Resorts, and WorldMark by Wyndham brand names. The company?s Lodging segment franchises hotels in the upscale, midscale, economy, and extended stay markets of the lodging industry, as well as provides hotel management services for full-service hotels. Its Vacation Exchange and Rentals segment provides vacation exchange products and services, as well as access to distribution systems and networks to resort developers and owners of intervals of vacation ownership interests (VOIs); a nd markets vacation rental properties primarily on behalf of independent owners, vacation ownership developers, and other hospitality providers. Wyndham Worldwide Corporation?s Vacation Ownership segment develops and markets VOIs to individual consumers; and provides consumer financing in connection with the sale of VOIs, as well as offers property management services at resorts. The company is headquartered in Parsippany, New Jersey.
Advisors' Opinion:- [By Monica Gerson]
Wyndham Worldwide (NYSE: WYN) is estimated to report its Q3 earnings at $1.36 per share on revenue of $1.41 billion.
Northrop Grumman (NYSE: NOC) is expected to report its Q3 earnings at $1.82 per share on revenue of $5.96 billion.
- [By Dimitra DeFotis]
Apartment Invest & Management (AIV)
Ameriprise (AMP)
Edison International (EIX)
Host Hotels & Resorts (HST)
Kimco Realty (KIM)
Kroger (KR)
Lincoln National (LNC)
Newfield Exploration (NFX)
Republic Services (RSG)
UnitedHealth (UNH)
Verizon (VZ)
Wells Fargo (WFC)
WellPoint (WLP)
Wyndham Worldwide (WYN)
Xcel Energy Utilities (XEL) - [By John Udovich]
Small cap hotel stock La Quinta Holdings Inc (NYSE: LQ) just had its IPO to raise a lower than expected $650 million after being priced below its expected range, meaning its worth taking a closer look at the stock which�is focused on the�mid-priced hotel market along with the performance of potential benchmarks like hotel stocks Marriott International Inc (NASDAQ: MAR), Choice Hotels International Inc (NYSE: CHH) and Wyndham Worldwide Corporation (NYSE: WYN).
- [By Laura Brodbeck]
Friday
Earnings Expected From: �Moody�� Corporation (NYSE: MCO), Wyndham Worldwide Corp (NYSE: WYN) Economic Releases Expected: �French industrial production, Spanish industrial production, Spanish business confidence, British industrial and manufacturing production, eurozone GDP, US non-farm payrolls, US unemployment ratePosted-In: Bank Of England European Central BankNews Options Previews Global Pre-Market Outlook Markets Trading Ideas Best of Benzinga
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