Earnings season started off well for the Dow Jones Industrial Average (DJINDICES: ^DJI ) yesterday with Alcoa's (NYSE: AA ) beat, and the blue-chip index is back on the upswing today. Almost the entire Dow is in the green as the index pulls in gains of 85 points as of 2:20 p.m. EDT. Alcoa ranks near the bottom of the index despite its strong quarterly report, but several big movers at the top of the index are fueling Dow investors' optimism. Let's check out the movers and shakers of the day.
Alcoa's earnings highs and low
Aluminum producer Alcoa posted quarterly earnings per share of $0.07, beating projections by a penny. More pertinent, however, revenue continued to slide in line with an industrywide trend, down almost 2% for the quarter -- although it still narrowly beat analyst projections. The company's primary-metals business was the culprit behind sliding sales and stunted earnings, as the unit posted a $32 million loss that almost negated the profit posted by the company's other divisions. However, Alcoa still expects global aluminum demand to rise as much as 7% overall for the year. Shares haven't reacted so well today, however: Alcoa's stock is down about 0.3% so far.
Best Penny Stocks To Invest In 2014: Smith Micro Software Inc.(SMSI)
Smith Micro Software, Inc. designs, develops, and markets software products and services primarily for the mobile computing and communications industries worldwide. The company operates in two segments, Wireless, and Productivity and Graphics segments. The Wireless segment develops mobile connectivity, mobile information management, and mobile security solutions, including QuickLink Mobile that provides mobile users to connect a notebook or other wireless device to wireless wide area networks (WWANs) and wireless local area networks (WLANs) or Wi-Fi hotspots; QuickLink Mobility suite, which allows connectivity for the user operating on WWANs, corporate local area networks (LANs), and Wi-Fi networks; and QuickLink Media for managing the media on the mobile devices. It also provides SendStuffNow, which secures cloud-based large file delivery solution; Device Management suite that provides intelligent, automated mobile device provisioning, and configuration; and push-to-talk, visual voicemail, and mobile video solutions. The Productivity and Graphics segment develops various software products for the consumer, prosumer, and professional markets. It provides StuffIt Deluxe, a lossless compression solution for documents and media; CheckIt Diagnostics and CheckIt Netbook suite, a diagnosis and troubleshooting solution for hardware and system problems; Poser, a solution for creating 3D character art and animations; Anime Studio, an animation tool for professional and digital artists; and Manga Studio, a solution for creating manga and comic art. This segment distributes its products through online stores, and third-party wholesalers, retailers, and value-added resellers. The company serves mobile network operators, original equipment manufacturers, device manufacturers, and enterprise businesses, as well as directly to consumers. Smith Micro Software, Inc. was founded in 1982 and is headquartered in Aliso Viejo, California.
Best Penny Stocks To Invest In 2014: SinoCoking Coal and Coke Chemical Industries Inc(SCOK)
SinoCoking Coal and Coke Chemical Industries, Inc. operates as a coal and coke producer in the People?s Republic of China. The company offers metallurgical coke primarily for use in steel manufacturing; and chemical coke primarily for use in the production of synthesis gas, as well as a fuel source or as an intermediate for the production of other chemicals, such as methanol, formaldehyde, and ammonia. It also provides medium coal for electricity generation, and domestic and industrial heating applications; and coal slurries for use as a fuel. The company mines and sells washed coal, as well as engages in the trading of coal. In addition, it produces electricity from its by product, coal tar and sells to the state-owned electricity grid. The company is based in Pingdingshan, the People's Republic of China.
10 Best Energy Stocks To Own For 2014: YRC Worldwide Inc.(YRCW)
YRC Worldwide Inc., through its subsidiaries, provides various transportation services worldwide. The company?s YRC National Transportation unit offers a range of services for the transportation of industrial, commercial, and retail goods, such as apparel, appliances, automotive parts, chemicals, food, furniture, glass, machinery, metal, metal products, non-bulk petroleum products, rubber, textiles, wood, and other manufactured products. It serves manufacturing, wholesale, retail, and government customers. As of December 31, 2009, it had 11704 owned tractors, 1239 leased tractors, 50083 owned trailers, and 3244 leased trailers. Its YRC Regional Transportation unit?s service portfolio includes regional delivery, which comprises next-day local area delivery and second-day services, consolidation/distribution services, protect-from-freezing and hazardous materials handling, and various specialized offerings; expedited delivery, that comprises day-definite, hour-definite, and time definite capabilities; inter-regional delivery; cross-border delivery; and operation of my.yrcregional.com and NewPenn.com, which are e-commerce Websites offering online resources to manage transportation activity. The company?s YRC Logistics units? service portfolio consists of distribution services that include flow through and pool distribution, dedicated warehousing, and value-added services; global services, which comprise international freight forwarding, customs brokerage, and value-added services; and transportation services, such as truckload brokerage, domestic freight forwarding, and transportation management. Its YRC Truckload unit provides customized truckload services on regional and national level through the use of company and team-based drivers. The company was founded in 1924 and is headquartered in Overland Park, Kansas.
Advisors' Opinion:- [By John Udovich]
Despite what can best be described as a�soft economy, small cap trucking stocks YRC Worldwide, Inc (NASDAQ: YRCW), Arkansas Best Corporation (NASDAQ: ABFS), Frozen Food Express Industries, Inc (NASDAQ: FFEX), Saia Inc (NASDAQ: SAIA) and USA Truck, Inc (NASDAQ: USAK) have been trucking some pretty impressive returns since the start of the year. In fact, these small cap trucking stocks are up anywhere from 72% to 150% or so since the start of the year despite the slow economy. Certainly trucking stocks provide a good indicator of how the economy is doing, but might investors be�jumping the gun by pushing up these trucking stocks?
Best Penny Stocks To Invest In 2014: Eagle Bulk Shipping Inc.(EGLE)
Eagle Bulk Shipping Inc. engages in the ocean transportation of bulk cargoes in the dry bulk industry. The company primarily transports iron ore, coal, grain, cement, and fertilizer along worldwide shipping routes. As of December 31, 2009, it owned and operated a fleet of 27 oceangoing vessels with a combined carrying capacity of 1,412,535 deadweight tons. The company was founded in 2005 and is headquartered in New York, New York.
Advisors' Opinion:- [By Bryan Murphy]
September is on pace to be a banner month for shipping stocks FreeSeas Inc. (NASDAQ:FREE), DryShips Inc. (NASDAQ:DRYS), and Eagle Bulk Shipping Inc. (NASDAQ:EGLE). They're up 290%, 62%, and 115%, respectively, month-to-date, overcoming an amazingly long dry spell. The question is, why have EGLE, FREE, and DRYS been so strong all of a sudden, and more than that, are these rallies built to last?
Best Penny Stocks To Invest In 2014: (CTEI)
Cemtrex, Inc. designs, engineers, assembles, and sells emission monitoring equipment and instruments, and air filtration and environmental control products to power plants, refineries, chemical plants, and cement plants, as well as to municipalities, hospitals, and federal and state governmental agencies. Its emission monitoring systems are installed at the exhaust stacks of industrial facilities and are used to measure the outlet flue gas concentrations of regulated pollutants. The company offers opacity monitors for stack opacity and dust measurements; direct-extractive and dilution-extractive continuous emission monitor equipment and systems that are applicable for utilities, industrial boilers, FGD systems, SCR-NOx control, furnaces, gas turbines, process heaters, incinerators, and process controls; ammonia analyzers for monitoring ammonia, nitrogen oxides, and sulfur dioxide by process analyzers that utilize UV absorbance techniques for detection; and mercury analyzer s. It also provides a line of air filtration and environmental control equipment to remove dust, corrosive fumes, mists, hydrocarbons, volatile organic compounds, submicron particles, and particulate from industrial exhausts and boilers; clean noxious and acid gases from industrial exhaust stacks prior to discharging to the atmosphere; and control emissions from construction facilities, mining operations, and dryer exhausts. In addition, the company markets technologies for controlling greenhouse gases, such as methane from coal mines; and assists project owners in selling carbon credits. Further, it offers replacement and spare parts, and repair and refurbishment services for emission monitoring systems. The company was formerly known as Diversified American Holding, Inc. and changed its name to Cemtrex, Inc. in December 2004. Cemtrex Inc. was incorporated in 1998 and is based in Farmingdale, New York.
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