Shares of Net1 UEPS Technologies (NASDAQ:UEPS) jumped 15.7% on Friday after the alternative-payment systems specialist announced stronger-than-expected fiscal third-quarter 2018 results and an encouraging development regarding its social grants payments contract in South Africa.
Net1 UEPS' quarterly revenue grew 10% year over year to $162.7 million, and translated to GAAP earnings of $3 million, or $0.05 per share. On a non-GAAP basis, however -- which notably adjusts for one-time items like stock-based compensation and asset-impairment costs -- earnings arrived at $53.8 million, or $0.95 per share, including a $0.52-per-share fair-value adjustment related to its investment in South African mobile operator CellC. Through that lens, Net1 UEPS handily beat expectations for adjusted earnings of $0.42 per share on revenue of $146.8 million.
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Top 10 Stocks For 2019: Glaukos Corporation(GKOS)
Advisors' Opinion:- [By Dan Caplinger]
Wednesday carried the stock market further into record territory, as investors celebrated favorable readings on U.S. gross domestic product, which rose an estimated 4.2% during the second quarter. The Nasdaq Composite led the way higher with gains of 1%, but a solid advance for the S&P 500 pointed to the broad-based nature of the late summer rally. Adding to the positive sentiment among investors was good news from several prominent companies. Square (NYSE:SQ), Glaukos (NYSE:GKOS), and Ballard Power Systems (NASDAQ:BLDP) were among the best performers on the day. Here's why they did so well.
- [By Max Byerly]
Glaukos (NYSE: GKOS) and NuVasive (NASDAQ:NUVA) are both medical companies, but which is the superior investment? We will compare the two businesses based on the strength of their institutional ownership, dividends, risk, earnings, profitability, analyst recommendations and valuation.
- [By Max Byerly]
OraSure Technologies (NASDAQ: OSUR) and Glaukos (NYSE:GKOS) are both small-cap medical companies, but which is the better business? We will contrast the two businesses based on the strength of their valuation, dividends, profitability, earnings, analyst recommendations, risk and institutional ownership.
- [By Max Byerly]
Glaukos Corp (NYSE:GKOS) – Equities research analysts at Piper Jaffray lowered their Q3 2019 EPS estimates for Glaukos in a report released on Wednesday, May 9th. Piper Jaffray analyst M. O’brien now anticipates that the medical instruments supplier will earn $0.02 per share for the quarter, down from their previous forecast of $0.03. Piper Jaffray also issued estimates for Glaukos’ Q4 2019 earnings at $0.02 EPS.
Top 10 Stocks For 2019: Hingham Institution for Savings(HIFS)
Advisors' Opinion:- [By Joseph Griffin]
Epoch Investment Partners Inc. grew its stake in Hingham Institution for Savings (NASDAQ:HIFS) by 71.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 92,261 shares of the savings and loans company’s stock after purchasing an additional 38,440 shares during the quarter. Epoch Investment Partners Inc. owned approximately 4.37% of Hingham Institution for Savings worth $19,006,000 as of its most recent SEC filing.
- [By Max Byerly]
Port Capital LLC lifted its stake in Hingham Institution for Savings (NASDAQ:HIFS) by 14.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,159 shares of the savings and loans company’s stock after purchasing an additional 5,943 shares during the quarter. Hingham Institution for Savings accounts for approximately 1.4% of Port Capital LLC’s holdings, making the stock its 25th biggest position. Port Capital LLC owned approximately 2.28% of Hingham Institution for Savings worth $9,921,000 at the end of the most recent reporting period.
- [By Ethan Ryder]
Hingham Institution for Savings (NASDAQ:HIFS) and SVB Financial Group (NASDAQ:SIVB) are both finance companies, but which is the superior stock? We will compare the two businesses based on the strength of their profitability, risk, institutional ownership, valuation, earnings, analyst recommendations and dividends.
Top 10 Stocks For 2019: Jewett-Cameron Trading Company(JCTCF)
Advisors' Opinion:- [By Ethan Ryder]
Jewett-Cameron Trading Co (NASDAQ:JCTCF) Director Donald M. Boone sold 4,401 shares of the company’s stock in a transaction dated Friday, June 1st. The shares were sold at an average price of $7.89, for a total transaction of $34,723.89. Following the sale, the director now directly owns 1,369,743 shares of the company’s stock, valued at $10,807,272.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
- [By Ethan Ryder]
Jewett-Cameron Trading Company Ltd (NASDAQ:JCTCF) Director Donald M. Boone sold 3,097 shares of the firm’s stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $8.59, for a total value of $26,603.23. Following the completion of the sale, the director now directly owns 1,326,242 shares of the company’s stock, valued at $11,392,418.78. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
- [By Max Byerly]
Media headlines about Jewett-Cameron Trading (NASDAQ:JCTCF) have been trending somewhat positive recently, Accern Sentiment reports. Accern rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Jewett-Cameron Trading earned a news impact score of 0.08 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.2200105194978 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Top 10 Stocks For 2019: Armada Hoffler Properties, Inc.(AHH)
Advisors' Opinion:- [By Lisa Levin]
Wednesday afternoon, the real estate shares surged 0.56 percent. Meanwhile, top gainers in the sector included Armada Hoffler Properties, Inc. (NYSE: AHH), up 3 percent, and UMH Properties, Inc. (NYSE: UMH) up 3 percent.
- [By Joseph Griffin]
Martingale Asset Management L P lowered its position in Armada Hoffler Properties Inc (NYSE:AHH) by 12.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 94,910 shares of the real estate investment trust’s stock after selling 13,100 shares during the period. Martingale Asset Management L P owned approximately 0.19% of Armada Hoffler Properties worth $1,415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
- [By Lee Jackson]
This is one of the higher yielding plays, and the stock has performed well this year. Armada Hoffler Properties Inc. (NYSE: AHH) is a vertically integrated, self-managed REIT developing, building, acquiring and managing high-quality, institutional-grade office, retail and multifamily properties.
- [By Joseph Griffin]
Armada Hoffler Properties (NYSE:AHH) had its price target raised by Bank of America from $15.50 to $16.75 in a report released on Monday. The firm currently has a “buy” rating on the real estate investment trust’s stock. Bank of America’s price objective points to a potential upside of 7.44% from the stock’s previous close.
- [By Stephan Byrd]
Principal Financial Group Inc. increased its holdings in Armada Hoffler Properties Inc (NYSE:AHH) by 2.9% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 345,684 shares of the real estate investment trust’s stock after purchasing an additional 9,584 shares during the period. Principal Financial Group Inc.’s holdings in Armada Hoffler Properties were worth $4,732,000 as of its most recent filing with the SEC.
Top 10 Stocks For 2019: Sina Corporation(SINA)
Advisors' Opinion:- [By Leo Sun]
Shares of SINA (NASDAQ:SINA) fell 7% on Aug. 8 after the Chinese internet company reported its second quarter earnings. Yet the decline, which brought SINA to a 52-week low, seemed unjustified, as the company easily beat analyst estimates.
- [By Leo Sun]
Shares of Weibo (NASDAQ:WB) and its parent SINA (NASDAQ:SINA) tumbled 14% and 10%, respectively, after posting their first quarter results on May 9. The sell-off was surprising, since both companies easily beat analyst expectations.
- [By Steve Symington]
You wouldn't know it by the market's knee-jerk reaction, but SINA Corp. (NASDAQ:SINA) just announced another stronger-than-expected quarter early Wednesday. Shares of the Chinese internet media company fell 10% when all was said and done today -- though it's not the first time we've seen the stock fall on positive news.
Top 10 Stocks For 2019: Heritage-Crystal Clean, Inc.(HCCI)
Advisors' Opinion:- [By Stephan Byrd]
Get a free copy of the Zacks research report on Heritage-Crystal Clean (HCCI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Max Byerly]
Get a free copy of the Zacks research report on Heritage Crystal Clean (HCCI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Ethan Ryder]
Shares of Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) have received a consensus rating of “Buy” from the nine ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $25.40.
- [By Joseph Griffin]
Get a free copy of the Zacks research report on Heritage-Crystal Clean (HCCI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top 10 Stocks For 2019: Codorus Valley Bancorp, Inc(CVLY)
Advisors' Opinion:- [By Logan Wallace]
Codorus Valley Bancorp (NASDAQ:CVLY) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Friday.
- [By Ethan Ryder]
BidaskClub downgraded shares of Codorus Valley Bancorp (NASDAQ:CVLY) from a buy rating to a hold rating in a research note released on Thursday morning.
- [By Logan Wallace]
Codorus Valley Bancorp, Inc. (NASDAQ:CVLY) declared a quarterly dividend on Tuesday, July 10th, NASDAQ reports. Investors of record on Tuesday, July 24th will be given a dividend of 0.155 per share by the financial services provider on Tuesday, August 14th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend is Monday, July 23rd.
Top 10 Stocks For 2019: Platinum Group Metals Ltd.(PLG)
Advisors' Opinion:- [By Logan Wallace]
Platinum Group Metals Limited (NYSEAMERICAN:PLG) (TSE:PTM) saw a large drop in short interest during the month of August. As of August 15th, there was short interest totalling 4,828,659 shares, a drop of 3.2% from the July 31st total of 4,990,069 shares. Based on an average daily volume of 1,660,003 shares, the short-interest ratio is presently 2.9 days.
- [By Ethan Ryder]
Shares of Platinum Group Metals (TSE:PTM) (NYSE:PLG) traded down 18.2% during mid-day trading on Friday . The stock traded as low as C$0.18 and last traded at C$0.18. 643,238 shares traded hands during mid-day trading, an increase of 400% from the average session volume of 128,626 shares. The stock had previously closed at C$0.22.
- [By Max Byerly]
Platinum Group Metals Limited (NYSEAMERICAN:PLG) (TSE:PTM) shares shot up 0% during mid-day trading on Thursday . The stock traded as high as $0.18 and last traded at $0.16. 1,355,167 shares were traded during mid-day trading, an increase of 7% from the average session volume of 1,262,726 shares. The stock had previously closed at $0.16.
Top 10 Stocks For 2019: Frequency Electronics Inc.(FEIM)
Advisors' Opinion:- [By Joseph Griffin]
News articles about Frequency Electronics (NASDAQ:FEIM) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Frequency Electronics earned a news impact score of 0.15 on Accern’s scale. Accern also assigned media headlines about the communications equipment provider an impact score of 46.4556074629456 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
- [By Ethan Ryder]
Frequency Electronics (NASDAQ:FEIM) was upgraded by analysts at TheStreet from a “d+” rating to a “c-” rating in a research report issued to clients and investors on Monday.
Top 10 Stocks For 2019: Molson Coors Brewing Company(TAP)
Advisors' Opinion:- [By Matt Hogan]
If, like Munger, tech stocks are just outside your circle of competence or you are simply concerned about the global growth story, it may be wise to consider defensive positions. Consumer staple stock Molson Coors Brewing Co (NYSE: TAP) appears to be priced pretty attractively ahead of earnings: finbox.io valuation models show over 35% upside. As such, let's take a closer look at how the leading brewer's been performing, its competitive position, and its growth strategies going forward.
- [By Leo Sun]
Molson Coors Brewing (NYSE:TAP) recently agreed to launch a joint venture with Canadian cannabis company Hydropothecary Corp. to produce cannabis drinks in Canada. Diageo (NYSE:DEO) is also reportedly in talks with at least three Canadian cannabis companies to produce marijuana-based products. Both alcohol companies face slower sales of their traditional beer brands.
- [By Trey Thoelcke]
Molson Coors Brewing Co.’s (NYSE: TAP) EPS growth over the next five years is forecast at more than 7%. Plus, the dividend yield is around 2.4%. This company likewise is looking to marijuana to expand its footprint. The stock is trading around 17% lower than at the beginning of the year, yet analysts on average recommend buying the shares.
- [By Money Morning Staff Reports]
Now let's take a look at the top news in the marijuana industry…
Top Cannabis News for Aug. 16 Molson Coors Brewing Co. (NYSE: TAP) wants to get in on the cannabis market. The brewer's Canadian division will partner with cannabis producer The Hydropothecary Corp. to develop a non-alcoholic drink that contains marijuana, according to the Denver Post. Molson will hold a 57.5% controlling stake in the venture, and the deal is expected to close before the end of September. From what our inside sources told us, luxury cannabis products are going to be the next big thing. And investors who spot trends before they become mainstream can make the biggest long-term gains. You don't want to miss this exclusive report. Zoned Properties Inc. (OTCMKTS: ZDPY) announced on Aug. 7 that it's on track to complete the development of a 50,000–square foot space for licensed medical marijuana cultivation facilities. Its primary tenant, Hana Meds, is expected to start producing cannabis by the end of 2018. The latest marijuana company to go public is having a strong month. Tilray Inc. (Nasdaq: TLRY) shares opened at $23.05 on July 19, and they are now trading for $29.40 per share. That's a climb of 27.54%. Test Your Wealth-Building IQ
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