One concern of MoneyShow's Jim Jubak, as we head into the end of the year, is what sector will lead the market higher, as the traditional fall leaders are not showing great earnings.
One of the problems I see for the US Stock Market, as we go toward the end of the year is a lack of leadership. Let's say we get through September and October without a whole lot of damage, and we somehow have not sent the US Government into default, and we've got a budget, and the fed taper has proven to be not terribly significant, and so we're looking at mid-October, what's going to drive this market upward?
Usually when you get a rally, a resumed rally, or a rally that's kind of got any kind sustained power, you need some kind of leadership. Typically leadership might come from financials, well, not this time, because while the taper may be started or put off until October, you've still got worries about rising interest rates.
The US economy is doing okay, but it's hard to see manufacturing leading the market up. Commodities don't look like they're going to do it, because you've got still growth problems in the developing economies of the world, so really, what does that leave?
Hot Integrated Utility Stocks To Buy Right Now: Rutter Inc (RUT)
Rutter Inc. (Rutter) focuses on providing technologies and manufacturing solutions. The Company supplies technologies to improve efficiency and safety in the marine, defense, transportation, oil and gas sectors. The Company produces and globally markets enhanced radar systems, including oil spill detection, ice navigator, small target detection and wave-monitoring systems. The Company also offers a full range of outsource manufacturing services including: product engineering and design; materials management; manufacturing; sub-assembly; systems integration; project management; testing; logistics and documentation and provides full cycle customer support for all Company products and selected third party components/products that it manufactures under contract. Rutter�� sigma S6 radar signal processing products are designed to enable end users to detect and track objects which would not be visible with conventional radar equipment only. Advisors' Opinion:- [By Anora Mahmudova]
The Russell 2000 index of small-cap stocks (RUT) � fell 32.30 points, or 2.8%, to 1,127.66. Panic-selling was evident from the jump in the volatility. The CBOE Vix index (VIX) � of implied volatility on the S&P 500 jumped 15% to nearly 16.
- [By William L. Watts]
The first day of trading for Farmland (FPI) , which plans to get taxed as a real-estate investment trust, was hardly frothy. The stock ended at $12.98, down $1.02, or 7.3% below its $14 offering price. The broader market dropped sharply, sending the Russell 2000 (RUT) �down 1.4%, though some IPOs surged.
- [By Victor Reklaitis]
Meanwhile, the Russell 2000 index (RUT) , a gauge of small-cap stocks, was up 20.88 points, or 1.9%, at 1,099.97. Some eyebrows were raised Wednesday when the Russell diverged, ending lower as the S&P 500 gained ground. The Russell, however, outpaced the S&P 500 on Friday, though it still slightly underperformed for the week, gaining 0.4%.
Top 5 Rising Stocks To Watch Right Now: AVEO Pharmaceuticals Inc.(AVEO)
AVEO Pharmaceuticals, Inc., a biopharmaceutical company, engages in the discovery and development of cancer therapeutics. The company?s lead product candidate, Tivozanib (AV-951), is a novel, highly potent and selective oral inhibitor of the vascular endothelial growth factor, or VEGF, receptors 1, 2, and 3. It is also leading the clinical development of AV-299, which includes conducting multiple Phase I clinical trials and preparing for the conduct of multiple Phase II clinical trials. The company?s product candidate in preclinical development is AV-203, a potent ErbB3 antibody that has demonstrated efficacy in vivo. It has strategic partnerships with OSI Pharmaceuticals, Inc., Merck, and Biogen Idec, Inc. AVEO Pharmaceuticals was formerly known as GenPath Pharmaceuticals, Inc. and changed its name to AVEO Pharmaceuticals, Inc. in March 2005. The company was founded in 2001 and is based in Cambridge, Massachusetts.
Advisors' Opinion:- [By Eric Volkman]
AVEO Oncology (NASDAQ: AVEO ) will have to plow forward with far less manpower. It announced it will reduce its headcount by around 140 people, or roughly 62% of its current workforce, across the company. The cuts are part of a strategic restructuring initiative aimed at improving the firm's viability in the immediate future.�
- [By Sean Williams]
What: Shares of AVEO Pharmaceuticals (NASDAQ: AVEO ) , a cancer therapeutics company, collapsed as much as 27% following the release of briefing documents today in anticipation of AVEO's meeting with the Food and Drug Administration panel on Thursday.
- [By Sean Williams]
What: Shares of cancer therapeutics company AVEO Pharmaceuticals (NASDAQ: AVEO ) absolutely imploded, losing as much as 57% ��and dropping as much as 70% for the week at one point ��after its metastatic renal cancer carcinoma drug, Tivozanib, failed to win the backing of the Food and Drug Administrations' panel.
Top 5 Rising Stocks To Watch Right Now: Acadia Realty Trust (AKR)
Acadia Realty Trust (the Trust), incorporated on March 04, 1993, is a real estate investment trust (REIT). The Trust is focused on the ownership, acquisition, redevelopment, and management of retail properties and urban/infill mixed-use properties with a retail component located primarily in barrier-to-entry, supply constrained, densely-populated metropolitan areas in the United States along the East Coast and in Chicago. Its primary objective is to acquire and manage commercial retail properties. It operates in four segments: Core Portfolio, Opportunity Funds, Notes Receivable and Other. The Trust also has private equity investments in other retail real estate related opportunities, in which it has a minority interest. As of December 31, 2012, the Trust controlled 99% of the Operating Partnership as the sole general partner. During the year ended December 31, 2012, the Company sold 12 of the 14 self-storage properties with two properties remaining under contract.
The Company owns a 22.2% interest in an approximately one million square foot retail portfolio (the Brandywine Portfolio) located in Wilmington, Delaware, a 49% interest in a 311,000 square foot shopping center located in White Plains, New York (Crossroads) and a 50% interest in an approximately 28,000 square foot retail portfolio located in Georgetown, Washington D.C. (the Georgetown Portfolio). These investments are accounted for under the equity method. Through Mervyns I and Mervyns II, the Company invested in a consortium to acquire Mervyns, consisting of 262 stores (REALCO) and its retail operations (OPCO), from Target Corporation.
As of December 31, 2012, the Company operated 100 properties, which the Company owns or has an ownership interest in, within its Core Portfolio or within its Opportunity Funds. Its Core Portfolio consists of those properties either 100% owned by, or partially owned through joint venture interests by the Operating Partnership, or subsidiaries thereof, not including those properties ow! ned through its Opportunity Funds. These 100 properties primarily consist of urban/street retail, dense suburban neighborhood and community shopping centers and mixed-use properties with a retail component. The properties the Company operates are located primarily in barrier-to-entry, densely-populated metropolitan areas in the United States along the East Coast and in Chicago. There are 72 properties in its Core Portfolio totaling approximately 5.3 million square feet. Fund I has three remaining properties comprising approximately 0.1 million square feet. Fund II has six properties, four of which (representing 0.6 million square feet) are operating, one is under construction, and one is in the design phase. Fund III has 14 properties, nine of which (representing 1.7 million square feet) are operating and five of which are in the design phase. Fund IV has five properties, four of which are operating with one under design. The majority of its operating income is derived from rental revenues from these 100 properties, including recoveries from tenants, offset by operating and overhead expenses.
The Company�� Core Portfolio consists primarily of urban/street retail properties and neighborhood and community shopping centers located in barrier-to-entry supply constrained markets. As of December 31, 2012, there are 72 operating properties in Its Core Portfolio totaling approximately 5.3 million square feet of gross leasable area (GLA). The Core Portfolio properties are located in 12 states and the District of Columbia and primarily consist of urban/street retail, dense suburban neighborhood and community shopping centers and mixed-use properties with a retail component. Its shopping centers are predominately anchored by supermarkets or value-oriented retail. The properties are diverse in size, ranging from approximately 3,000 to 875,000 square feet and as of December 31, 2012, were, in total, 94% occupied. As of December 31, 2012, the Company owned and operated 20 properties totaling approximat! ely 2.5 m! illion square feet of GLA in its Opportunity Funds, excluding eight properties under redevelopment. In addition to shopping centers, the Opportunity Funds have invested in mixed-use properties, which generally include retail activities. The Opportunity Fund properties are located in eight states and the District of Columbia and as of December 31, 2012, were, in total, 88% occupied.
As of December 31, 2012, within its Core Portfolio and Opportunity Funds, the Company had approximately 650 leases. A majority of its rental revenues were from national retailers and consist of rents received under long-term leases. These leases generally provide for the monthly payment of fixed minimum rent and the tenants' pro-rata share of the real estate taxes, insurance, utilities and common area maintenance of the shopping centers. During the year ended December 31, 2012, certain of its leases also provide for the payment of rent based on a percentage of a tenant's gross sales in excess of a stipulated annual amount, either in addition to, or in place of, minimum rents. Minimum rents, percentage rents and expense reimbursements accounted for approximately 92% of its total revenues.
Three of its Core Portfolio properties and five of its Opportunity Fund properties are subject to long-term ground leases in which a third party owns and has leased the underlying land to the Company. The Company pays rent for the use of the land and is responsible for all costs and expenses associated with the building and improvements at all eight locations. During 2012, no individual property contributed in excess of 10% of its total revenues.
Advisors' Opinion:- [By Marc Bastow]
Retail properties real estate investment trust Acadia (AKR) raised its quarterly dividend 9.5% to 23 cents per share, payable on Jan. 15 to shareholders of record as of Dec. 15.
AKR Dividend Yield: 3.51%
Top 5 Rising Stocks To Watch Right Now: Ruby Tuesday Inc.(RT)
Ruby Tuesday, Inc., together with its subsidiaries, develops, operates, and franchises casual dining restaurants in the United States, Puerto Rico, Guam, and internationally. The company operates its restaurants under the Ruby Tuesday brand, as well as owns and operates one Marlin & Ray?s, one Truffles, and two Wok Hay casual dining restaurants. As of August 30, 2011, it owned and operated 746 Ruby Tuesday restaurants; and 43 domestic and 52 international franchisees operated restaurants. The company was founded in 1920 and is based in Maryville, Tennessee.
Advisors' Opinion:- [By Ben Levisohn]
Ruby Tuesday (RT) is scheduled to release earnings after the close but investors are already betting on the outcome.
REUTERSShares of Ruby Tuesday have gained 4.8% to $7.59 this morning, making it the third-best performer in the S&P 1500 and outpacing other restaurant stocks. Jack in the Box (JACK) has dropped 0.8% to $38.76, DineEquity (DIN), which operates Applebee’s and IHOP, has gained 0.1%% to 66.12, Denny’s (DENN) has fallen 0.2% to $6.06 and recent-IPO Potbelly (PBPB) has gained 1.7% to $30.73.
The stock might be getting a boost from B. Riley & Co., which started Ruby Tuesday with a Buy rating this morning. Its analysts write:
We initiate coverage of Ruby Tuesday, Inc. (RT) with a Buy rating primarily reflecting our belief that persistent erosion of sales has troughed, thus, positioning the company to recover when both the economy improves and the new menu/media platforms take hold.� We have concerns about relevancy of the brand given persistent same-store sales (SSS) declines.� However, we believe RT�� consumer has had significant changes thrown at them over the last decade creating, in our opinion, confusion on how to use the brand (and to some degree alienation).� This confusion has led to greater sales volatility versus peers during periods of compressed cycles of consumer spending as discretion heightens ��we believe consistency and certainty with the guest experience wins in challenged times ��and we expect the relatively new management team to deliver a consistent guest experience.
Shares of Ruby Tuesday have dropped 3.4% so far this year, even after today’s bounce.
- [By Jeremy Bowman]
What: Shares of Ruby Tuesday (NYSE: RT ) were giving investors indigestion today, falling as much as 17% after a lackluster fourth-quarter earnings report.
- [By Rupert Hargreaves]
It is safe to say that Ruby Tuesday� (NYSE: RT ) has not had a good year so far. Year-to-date, the company's share price has fallen 3.5%, and it is down 23% from its 52-week high. In addition, the company has not been profitable for the last two years. However, I believe that Ruby still has plenty going for it.
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