Tag Archives: PBSK

Best Blue Chip Stocks To Own For 2021

Investment company Advisors Management Group Inc buys Southern Co, iShares U.S. Preferred Stock ETF, DowDuPont Inc, Exact Sciences Corp, Caterpillar Inc, Vanguard Health Care, Wal-Mart Stores Inc, National Grid PLC, sells Chesapeake Energy Corp, Medtronic PLC during the 3-months ended 2017-09-30, according to the most recent filings of the investment company, Advisors Management Group Inc . As of 2017-09-30, Advisors Management Group Inc owns 72 stocks with a total value of $159 million. These are the details of the buys and sells.

New Purchases: PFF, DWDP, EXAS, CAT, VHT, WMT, Added Positions: SO, APU, CMP, VZ, GE, NGG, HCP, GSK, GPC, GIS, Reduced Positions: AEP, INTC, CPB, MMM, UNP, XOM, KMB, WEC, XEL, Sold Out: CHK, MDT,

For the details of ADVISORS MANAGEMENT GROUP INC ‘s stock buys and sells, go to www.gurufocus.com/StockBuy.php?GuruName=ADVISORS+MANAGEMENT+GROUP+INC+

These are the top 5 holdings of ADVISORS MANAGEMENT GROUP INC Southern Co (SO) – 143,845 shares, 4.45% of the total portfolio. Shares added by 69.59%Verizon Communications Inc (VZ) – 136,918 shares, 4.26% of the total portfolio. Shares added by 2.43%AmeriGas Partners LP (APU) – 149,936 shares, 4.24% of the total portfolio. Shares added by 3.98%Compass Minerals International Inc (CMP) – 95,562 shares, 3.9% of the total portfolio. Shares added by 3.63%Guggenheim BulletShares 2019 Corporate Bond (BSCJ) – 275,055 shares, 3.68% of the total portfolio. Shares added by 0.23%New Purchase: iShares U.S. Preferred Stock ETF (PFF)

Advisors Management Group Inc initiated holdings in iShares U.S. Preferred Stock ETF. The purchase prices were between $38.62 and $39.3, with an estimated average price of $38.96. The stock is now traded at around $38.26. The impact to the portfolio due to this purchase was 1.14%. The holdings were 46,751 shares as of 2017-09-30.

Best Blue Chip Stocks To Own For 2021: Poage Bankshares, Inc.(PBSK)

Poage Bankshares, Inc., incorporated on February 8, 2011, is a holding company for Town Square Bank (Town Square). Town Square is a federal savings association. The Company operates in banking segment. Town Square’s business consists of accepting savings accounts, checking accounts and certificates of deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, primarily in first lien one-to-four-family mortgage loans, commercial and multi-family real estate loans, commercial and industrial loans consumer loans, consisting primarily of automobile loans and home equity loans and lines of credit, and construction loans. Town Square purchases investment securities consisting of mortgage-backed securities issued by the United States Government agencies and government-sponsored enterprises, and obligations of state and political subdivisions. Town Square provides financial services to individuals, families and businesses, through its banking offices located in and around Ashland, Nicholasville and Mt. Sterling, Kentucky.

Lending Activities

Town Square’s principal lending activity is the origination of first lien one- to four-family residential mortgage loans, and commercial and multi-family real estate loans, consumer loans, consisting of automobile loans, home equity loans and lines of credit, and construction loans. Its consumer loans include new and used automobile and truck loans, recreational vehicle loans and personal loans. Town Square offers home equity loans and lines of credit secured by a first or second mortgage on residential property, such as principal dwelling and condominium. Its commercial business loans consist of regular lines of credit and revolving lines of credit to businesses to finance short-term working capital needs, such as accounts receivable and inventory. Town Square also originates commercial term loans to fund long-term borrowing needs, such as purchasing equipment, property improvement! s or other fixed asset needs. It originates commercial loans, including real estate and non-real estate loans on the basis of the borrower’s ability to make repayment from the cash flow of the borrower’s business or rental income produced by the property.

Town Square makes construction loans to individuals for the construction of their residences. It also makes construction loans for the construction of homes on speculation, which include pre-sold and spec homes. Its loan servicing includes collecting and remitting loan payments, accounting for principal and interest, contacting delinquent borrowers, supervising foreclosures and property dispositions in the event of un-remedied defaults, making insurance and tax payments on behalf of the borrowers and administering the loans. Its total loans are approximately $316.35 million.

Investment Activities

Town Square’s investments include securities issued by the United States Government and its agencies or government sponsored entities, including residential mortgage-backed securities, municipalities, school boards and fully insured certificates of deposit. Its total securities available for sale are approximately $63.39 million.

Sources of Funds

Deposits are Town Square’s primary source of funds for use in lending and investment activities. Town Square also uses borrowings, primarily Federal Home Loan Bank (FHLB)-Cincinnati advances to lengthen the maturities of liabilities for interest rate risk purposes and to manage the cost of funds. It also receives funds from scheduled loan payments, investment maturities, loan prepayments, retained earnings, income on earning assets and the sale of assets. Its deposits are generated from within its primary market area. It offers a range of deposit accounts, including statement savings accounts, negotiable order of withdrawal (NOW) accounts, business checking, certificates of deposit, money market accounts and retirement accounts. Its borrowings consist of! advances! from the Federal Home Loan Bank of Cincinnati. Town Square has total deposits of approximately $343.13 million.

Advisors’ Opinion:

  • [By Stephan Byrd]

    Poage Bankshares (NASDAQ:PBSK) announced its earnings results on Monday. The savings and loans company reported $0.21 earnings per share (EPS) for the quarter, Bloomberg Earnings reports. The company had revenue of $5.39 million for the quarter. Poage Bankshares had a negative return on equity of 4.84% and a negative net margin of 14.32%.

  • [By Joseph Griffin]

    News coverage about Poage Bankshares (NASDAQ:PBSK) has been trending somewhat negative on Thursday, according to Accern. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Poage Bankshares earned a daily sentiment score of -0.06 on Accern’s scale. Accern also assigned headlines about the savings and loans company an impact score of 47.5091086029881 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Best Blue Chip Stocks To Own For 2021: Textainer Group Holdings Limited(TGH)

Textainer Group Holdings Limited (TGH), incorporated on December 2, 1993, is a holding company. The Company is involved in the purchase, ownership, management, leasing and disposal of a fleet of intermodal containers. The Company operates in three segments: Container Ownership, which owned containers accounting for approximately 80% of the Company’s fleet; Container Management, which managed containers on behalf of approximately 10 affiliated and unaffiliated container investors, providing acquisition, management and disposal services, and total managed containers accounted for approximately 20% of its fleet, and Container Resale, which sells containers from its fleet when they reach the end of their useful lives in marine service, and also purchases and leases or resells containers from shipping line customers, container traders and other sellers of containers. The Company is a lessor of intermodal containers based on fleet size, with a total fleet of approximately 2.1 million containers. The Company leases containers to approximately 360 shipping lines and other lessees. The Company is also a seller of used containers.

The Company’s subsidiaries include Textainer Equipment Management Limited (TEML), which provides container management, acquisition and disposal services to affiliated and unaffiliated container investors, and Textainer Limited (TL), which owns containers directly and through its subsidiaries, which include Textainer Marine Containers II Limited (TMCL II), Textainer Marine Containers III Limited (TMCL III), Textainer Marine Containers IV Limited (TMCL IV), TAP Funding Ltd. (TAP Funding) and TW Container Leasing Ltd. (TW). The Company leases containers under different types of leases, which include term leases, master leases, finance leases and spot leases. Term leases provide a customer with a specified number of containers for a specified period of time ranging from 3 to 5 years, with an associated set of pick-up and drop-off conditions. Term leases also include lifecycle! leases, under which lessees will lease containers until they reach a pre-specified age, which is near the end of their useful lives. Master leases provide a framework of terms and conditions valid for a specified period of time, typically one year. Finance leases, which provide customers an alternative means for purchasing containers. Spot leases, which provide customers with containers for a relatively short lease period and fixed pick-up and drop-off locations.

The Company operates its business through a network of regional and area offices and independent depots. The Company maintains approximately four regional offices: Americas Region in Hackensack, New Jersey, the United States responsible for North and South America; European Region in New Malden, the United Kingdom responsible for Europe, the Mediterranean, the Middle East and Africa; North Asia Region in Yokohama, Japan responsible for Japan, South Korea and Taiwan, and South Asia Region in Singapore, responsible for Southeast Asia, the People’s Republic of China (PRC), including Hong Kong and Australia. The Company operates approximately 3,147,690 twenty foot equivalent unit (TEU).

The Company competes with Leased Assets Pool Company Limited.

Advisors’ Opinion:

  • [By Joseph Griffin]

    ValuEngine cut shares of Textainer Group (NYSE:TGH) from a sell rating to a strong sell rating in a research note released on Wednesday morning.

    Several other equities research analysts have also commented on the company. Zacks Investment Research lowered Textainer Group from a buy rating to a hold rating in a research note on Wednesday, April 25th. Compass Point started coverage on Textainer Group in a research note on Monday, April 23rd. They set a neutral rating and a $17.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $20.67.

  • [By Matthew DiLallo]

    Last year was one that investors in Textainer Group Holdings (NYSE:TGH) will likely remember fondly as the container leasing company’s stock rocketed an eye-popping 188%. This year, however, has been a different story as shares are down nearly 30% since the beginning of the year, and more than 40% off their high. That sell-off might have investors wondering if now’s a good time to buy.

  • [By Matthew DiLallo]

    That volatility has been evident at both Textainer Group Holdings Ltd.(NYSE:TGH) and Nordic American Tankers Ltd. (NYSE:NAT) in recent years. Because of that, investors need to weigh their upside in a recovering market against the downside potential before choosing either stock.

Best Blue Chip Stocks To Own For 2021: Midland States Bancorp, Inc. (MSBI)

Midland States Bancorp, Inc. is a diversified financial holding company. The Company’s banking subsidiary is Midland States Bank (the Bank). The Company’s principal business activity has been lending to and accepting deposits from individuals, businesses, municipalities and other entities. The Company’s segments include Banking, which provides a range of financial products and services to consumers and businesses, including loan products; commercial equipment leasing; mortgage loan sales and servicing; letters of credit; various types of deposit products, including checking, savings and time deposit accounts; merchant services, and corporate treasury management services; Commercial Federal Housing Administration (FHA) Origination and Servicing, which provides for the origination and servicing of government sponsored mortgages for multifamily and healthcare facilities, and Other, which includes the operating results of the Company and its wealth management business unit.
Advisors’ Opinion:

  • [By Logan Wallace]

    Midland States Bancorp Inc (NASDAQ:MSBI) Director John M. Schultz sold 2,000 shares of the stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $33.70, for a total transaction of $67,400.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

  • [By Joseph Griffin]

    Get a free copy of the Zacks research report on Midland States Bancorp (MSBI)

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

  • [By Joseph Griffin]

    News headlines about Midland States Bancorp (NASDAQ:MSBI) have been trending somewhat positive on Saturday, Accern Sentiment reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Midland States Bancorp earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 44.8228508822808 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Best Blue Chip Stocks To Own For 2021: Mitsubishi Heavy Industries Ltd (MHVYF)

Mitsubishi Heavy Industries, Ltd. is a diversified manufacturer. The Energy and Environment segment offers boilers, turbines, gas turbines, diesel engines, water wheels, windmills, nuclear power equipments, nuclear power peripheral devices, among others. The Traffic and Transportation segment offers various ships, including cruise ships, liquefied natural gas (LNG) ships, liquefied petroleum gas (LPG) ships, car ferry, special purpose vessels, automobile carriers, oil tankers, container ships and others, as well as marine structures, among others. The Defense and Space segment offers ships, fighters, helicopters, aircraft fuselage parts, defense aircraft engines, induction flying objects, torpedoes, among others. The Machinery and Equipment systems segment offers waste treatment and exhaust gas treatment equipments, transportation equipments, steel machinery, compressors, bridges, among others. As of March 31, 2014, the Company had 290 subsidiaries and 39 associated companies. Advisors’ Opinion:

  • [By SEEKINGALPHA.COM]

    Major foreign competitors today now include the French firm Areva (OTCPK:ARVCF) and the Japanese firm Mitsubishi Heavy Industry (OTCPK:MHVYF). This is not a complete list but a focus on major players.

Best Blue Chip Stocks To Own For 2021: AmTrust Financial Services, Inc.(AFSI)

AmTrust Financial Services, Inc. is a Delaware corporation that was acquired by its principal stockholders in 1998 and began trading on the NASDAQ Global Select Market on November 13, 2006. References to “AmTrust,” the “Company,” “we,” “our,” or “us” in this Annual Report on Form 10-K and in other statements and information publicly disseminated by AmTrust Financial Services, Inc., refer to the consolidated operations of the holding company.
Business Overview
AmTrust underwrites and provides property and casualty insurance products, including workers’ compensation, commercial automobile, general liability and extended service and warranty coverage, in the United States and internationally to niche customer groups that we believe are generally under served within the broader insurance market.
Our business model focuses on achieving superior returns and profit growth with the careful management of risk.   Advisors’ Opinion:

  • [By Stephan Byrd]

    BidaskClub cut shares of AmTrust Financial Services (NASDAQ:AFSI) from a hold rating to a sell rating in a report published on Thursday morning.

    Several other research firms have also issued reports on AFSI. Keefe, Bruyette & Woods reaffirmed a $14.58 rating and set a $14.75 price target on shares of AmTrust Financial Services in a research report on Wednesday, July 18th. Zacks Investment Research raised shares of AmTrust Financial Services from a strong sell rating to a hold rating in a research report on Monday, June 18th. Finally, B. Riley upped their price target on shares of AmTrust Financial Services from $12.00 to $14.75 and gave the stock a neutral rating in a research report on Tuesday, August 7th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. AmTrust Financial Services has a consensus rating of Hold and an average price target of $14.92.

  • [By Ethan Ryder]

    AmTrust Financial Services Inc (NASDAQ:AFSI) has been given a consensus recommendation of “Hold” by the ten ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $14.63.

Top Undervalued Stocks For 2021

Retail investors spent April moving into less volatile names according to the TD Ameritrade Investor Movement Index, continuing a trend that started in December. 

The Investor Movement Index, or IMX, takes a sampling of TDA clients and measures data like holdings and trading activity to gauge investor activity. A rising IMX generally indicates rising bullishness, while a falling IMX indicates bearishness or a flight to safety.

Interestingly, TD Ameritrade clients were net buyers of equities during the month, but the increase in volatility in the most commonly held positions relative to the overall market caused the IMX to fall. 

According to TD Ameritrade's Shawn Cruz, the IMX's April 8.24 percent fall down to 4.79 is likely the result of investors reducing their exposure heading into earnings season and being a little bit more picky in general where they allocate their money. 

“I think it makes sense that as you see a higher VIX, investors aren’t going to be selling out, but they’re going to be a little bit more choosy,” he said. “What the IMX is telling us is investors weren't getting out of equities, they were just trying to find less volatile names.”

Top Undervalued Stocks For 2021: Evoke Pharma, Inc.(EVOK)

Evoke Pharma, Inc., a specialty pharmaceutical company, primarily focuses on the development of drugs for the treatment of gastroenterological disorders and diseases. It develops EVK-001, a metoclopramide nasal spray, which is in Phase III clinical trials for the relief of symptoms associated with acute and recurrent diabetic gastroparesis in women with diabetes mellitus. The company was founded in 2007 and is headquartered in Solana Beach, California.

Advisors’ Opinion:

  • [By Ethan Ryder]

    Get a free copy of the Zacks research report on Evoke Pharma (EVOK)

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

  • [By Joseph Griffin]

    Here are some of the news stories that may have impacted Accern’s rankings:

    Get Evoke Pharma alerts:

    Evoke Pharma (EVOK) Given a $9.00 Price Target by HC Wainwright Analysts (americanbankingnews.com) Evoke Pharma (EVOK) Announces FDA Acceptance of Gimoti NDA (zacks.com) FDA to Review Gimoti for Diabetic Gastroparesis in Adult Women (empr.com) Evoke Pharma’s Gimoti™ NDA Accepted for FDA Review (finance.yahoo.com)

    Shares of NASDAQ EVOK traded up $0.08 during mid-day trading on Friday, reaching $2.44. 56,399 shares of the company’s stock were exchanged, compared to its average volume of 83,661. The stock has a market cap of $42.58 million, a PE ratio of -2.94 and a beta of 1.46. Evoke Pharma has a 52-week low of $1.85 and a 52-week high of $4.09.

  • [By Stephan Byrd]

    Get a free copy of the Zacks research report on Evoke Pharma (EVOK)

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

Top Undervalued Stocks For 2021: Poage Bankshares, Inc.(PBSK)

Poage Bankshares, Inc., incorporated on February 8, 2011, is a holding company for Town Square Bank (Town Square). Town Square is a federal savings association. The Company operates in banking segment. Town Square’s business consists of accepting savings accounts, checking accounts and certificates of deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, primarily in first lien one-to-four-family mortgage loans, commercial and multi-family real estate loans, commercial and industrial loans consumer loans, consisting primarily of automobile loans and home equity loans and lines of credit, and construction loans. Town Square purchases investment securities consisting of mortgage-backed securities issued by the United States Government agencies and government-sponsored enterprises, and obligations of state and political subdivisions. Town Square provides financial services to individuals, families and businesses, through its banking offices located in and around Ashland, Nicholasville and Mt. Sterling, Kentucky.

Lending Activities

Town Square’s principal lending activity is the origination of first lien one- to four-family residential mortgage loans, and commercial and multi-family real estate loans, consumer loans, consisting of automobile loans, home equity loans and lines of credit, and construction loans. Its consumer loans include new and used automobile and truck loans, recreational vehicle loans and personal loans. Town Square offers home equity loans and lines of credit secured by a first or second mortgage on residential property, such as principal dwelling and condominium. Its commercial business loans consist of regular lines of credit and revolving lines of credit to businesses to finance short-term working capital needs, such as accounts receivable and inventory. Town Square also originates commercial term loans to fund long-term borrowing needs, such as purchasing equipment, property improvement! s or other fixed asset needs. It originates commercial loans, including real estate and non-real estate loans on the basis of the borrower’s ability to make repayment from the cash flow of the borrower’s business or rental income produced by the property.

Town Square makes construction loans to individuals for the construction of their residences. It also makes construction loans for the construction of homes on speculation, which include pre-sold and spec homes. Its loan servicing includes collecting and remitting loan payments, accounting for principal and interest, contacting delinquent borrowers, supervising foreclosures and property dispositions in the event of un-remedied defaults, making insurance and tax payments on behalf of the borrowers and administering the loans. Its total loans are approximately $316.35 million.

Investment Activities

Town Square’s investments include securities issued by the United States Government and its agencies or government sponsored entities, including residential mortgage-backed securities, municipalities, school boards and fully insured certificates of deposit. Its total securities available for sale are approximately $63.39 million.

Sources of Funds

Deposits are Town Square’s primary source of funds for use in lending and investment activities. Town Square also uses borrowings, primarily Federal Home Loan Bank (FHLB)-Cincinnati advances to lengthen the maturities of liabilities for interest rate risk purposes and to manage the cost of funds. It also receives funds from scheduled loan payments, investment maturities, loan prepayments, retained earnings, income on earning assets and the sale of assets. Its deposits are generated from within its primary market area. It offers a range of deposit accounts, including statement savings accounts, negotiable order of withdrawal (NOW) accounts, business checking, certificates of deposit, money market accounts and retirement accounts. Its borrowings consist of! advances! from the Federal Home Loan Bank of Cincinnati. Town Square has total deposits of approximately $343.13 million.

Advisors’ Opinion:

  • [By Stephan Byrd]

    Poage Bankshares (NASDAQ:PBSK) announced its earnings results on Monday. The savings and loans company reported $0.21 earnings per share (EPS) for the quarter, Bloomberg Earnings reports. The company had revenue of $5.39 million for the quarter. Poage Bankshares had a negative return on equity of 4.84% and a negative net margin of 14.32%.

  • [By Joseph Griffin]

    News coverage about Poage Bankshares (NASDAQ:PBSK) has been trending somewhat negative on Thursday, according to Accern. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Poage Bankshares earned a daily sentiment score of -0.06 on Accern’s scale. Accern also assigned headlines about the savings and loans company an impact score of 47.5091086029881 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Top Undervalued Stocks For 2021: Consolidated Communications Holdings Inc.(CNSL)

Consolidated Communications Holdings, Inc., together with its subsidiaries, provides telecommunications services to residential and business customers in Illinois, Texas, and Pennsylvania. Its telecommunications services include local and long-distance services, high-speed broadband Internet access, standard and high-definition digital television, digital telephone services, custom calling features, private line services, carrier access services, network capacity services over its regional fiber optic network, and competitive local exchange carrier (CLEC) services. The company also offers telephone directory publishing services, wholesale transport services on its fiber-optic network in Texas, billing and collection services, inside wiring services, and maintenance services. In addition, it provides automated calling services for correctional facilities; and sells and supports telecommunications equipment, such as key, private branch exchange, and IP-based telephone system s to business customers in Texas and Illinois. The company serves residential customers, and universities and hospitals, as well as retail, commercial, light manufacturing, and service industry accounts in Illinois; manufacturing and retail industries, hospitals, local governments, and school districts in Texas; and small to mid-sized businesses, educational institutions, and healthcare facilities in Pennsylvania. As of December 31, 2011, it had 227,992 local access lines, 110,913 digital subscriber lines, 34,356 Internet protocol digital television subscribers, 9,199 voice over Internet protocol, and 89,774 CLEC access line equivalents. The company was founded in 1894 and is headquartered in Mattoon, Illinois.

Advisors’ Opinion:

  • [By Motley Fool Transcribers]

    Consolidated Communications Holdings, Inc.  (NASDAQ:CNSL)Q4 2018 Earnings Conference CallFeb. 21, 2019, 10:00 a.m. ET

    Contents:
    Prepared Remarks Questions and Answers Call Participants
    Prepared Remarks:

    Operator

  • [By Ethan Ryder]

    Consolidated Communications (NASDAQ:CNSL) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

Top Undervalued Stocks For 2021: KapStone Paper and Packaging Corporation(KS)

KapStone Paper and Packaging Corporation was formed in Delaware as a special purpose acquisition corporation on April 15, 2005 for the purpose of effecting a merger, capital stock exchange, asset acquisition or other similar business combination with an unidentified operating business in the paper, packaging, forest products, and related industries. Unless the context otherwise requires, references to “KapStone,” the “Company,” “we,” “us” and “our” refer to KapStone Paper and Packaging Corporation and its subsidiaries.
On January 2, 2007, we acquired from International Paper Company substantially all of the assets and assumed certain liabilities of the Kraft Papers Business (“KPB”) for $155.0 million, less $7.8 million of working capital adjustments.   Advisors’ Opinion:

  • [By Max Byerly]

    KapStone Paper and Packaging Corp. (NYSE:KS) was the target of unusually large options trading activity on Tuesday. Traders acquired 1,489 put options on the company. This is an increase of approximately 2,227% compared to the typical daily volume of 64 put options.

  • [By Max Byerly]

    Get a free copy of the Zacks research report on KapStone Paper and Packaging (KS)

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

Top Undervalued Stocks For 2021: Pound/Rand(PX)

Praxair, Inc. engages in the production, distribution, and sale atmospheric and process gases, as well as surface coatings in North America, Europe, South America, and Asia. The company offers atmospheric gases, such as oxygen, nitrogen, argon, and rare gases; and process gases comprising carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene. It also designs, engineers, and builds equipment that produces industrial gases; and manufactures precious metal and ceramic sputtering targets used primarily in the production of semiconductors. In addition, the company supplies surface coatings consisting of wear-resistant and high-temperature corrosion-resistant metallic and ceramic coatings and powders to the aircraft, energy, printing, textile, plastics, primary metals, petrochemical, and other industries. Further, it provides electric arc, plasma, and oxygen fuel spray equipment, as well as arc and flame wire equipment used for the application of wea r-resistant coatings; and distributes welding equipment purchased from independent manufacturers. The company sells its products primarily through independent distributors. It serves various industries, such as healthcare, petroleum refining, computer-chip manufacturing, beverage carbonation, fiber-optics, steel making, aerospace, chemicals, and water treatment industries. The company was founded in 1907 and is headquartered in Danbury, Connecticut.

Advisors’ Opinion:

  • [By Shane Hupp]

    Praxair (NYSE:PX) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Praxair is expected to gain from strong backlog, new order wins and recovery in the energy and industrial end markets. Notably, Praxair’s pending merger with Linde has received conditional EU antitrust approval, antitrust clearance in China and India. Praxair and Linde also agreed to sell additional assets to a consortium of Messer Group GmbH and CVC Capital Partners in order to obtain the U.S. antitrust approval.  The companies continue to work diligently to close the merger in second-half 2018. The stock has also outperformed its industry over the past year. However, its results will be hurt by weaker volumes and political uncertainties prevalent in Brazil and currency headwinds. Further, inflation and rising freight and logistics costs will hurt margins. Praxair’s stretched valuation is also a concern.”

  • [By Max Byerly]

    Praxair, Inc. (NYSE:PX)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $169.00 and last traded at $168.83, with a volume of 72450 shares changing hands. The stock had previously closed at $160.73.