Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Titan Machinery (NASDAQ: TITN ) dropped as much as 18% today after releasing earnings.
So what: Fiscal fourth-quarter revenue rose 29.2% from a year ago to $784.5 million, beating estimates of $694.8 million. But earnings per share were just $0.73, $0.19 below estimates, and the company's guidance of 2014 earnings of $2.00 to $2.30 was well below the $2.59 estimate. �
Now what: Gross margin fell to 13.3% in the fourth quarter from 15.3% a year ago, which is why earnings fell short of expectations. The construction business accounted for much of that decline, and the company will work to reverse the trend in 2014. This isn't good news for the company or the stock, but at 11 times forward earnings (on the low end), the stock isn't a bad value, and if the economy picks up, so should earnings.
Interested in more info on Titan Machinery? Add it to your watchlist by clicking here.�
- [By Louis Navellier]
Video game accessory developer and manufacturer Mad Catz Interactive Inc. (AMEX: MCZ) has been the biggest winner on this list. Since last May, MCZ has climbed 321%, and this penny stock is up 51% year to date. Last quarter, MCZ posted year-over-year quarterly revenue growth of 91%. Buy this stock with a 52-week range of 34 cents to $2.39.
- [By JON C. OGG]
American Water Works Company, Inc. (NYSE: AWK) recently closed at $27.41 and analysts have a consensus price target objective of $31.60. It carries a 3.4% dividend yield and the stock is down a very rare 10.7% from its 52-week high (almost never pulls back 10%). The price to book value is 1.16 and its return on equity is almost 7%. S&P has a rating of BBB+ with a stable outlook for its local long-term ratings. This is the biggest independent water utility operator in the United States with some business in Canada, giving it very limited exposure to currency issues. Bei ng the water utility offers perhaps the best defensive mechanism of all: no one can really live without water.
Top Beverage Companies To Invest In 2014: Boom Logistics Ltd(BOL.AX)
Boom Logistics Limited provides crane logistics and lifting solutions to resource, energy, utilities, and infrastructure sectors in Australia. The company provides managed lifting solutions, contractual maintenance programs, crane integration for high rise construction, engineering services and maintenance, and equipment hire services. It also involves in the sale of cranes and crane parts; and the provision of repairs and maintenance services. The company offers a range of cranes, lifting equipment, and heavy haulage vehicles, as well as access and ancillary equipment. Its solutions include mobile, project, crawler, and tower cranes; heavy haulage vehicles, such as prime movers and low loaders; low profile prime movers; overhead jacking systems; and travel towers, under-bridge units, trailer lifts, spider lifts, boom lifts, knuckle boom lifts, scissor lifts, one man lifts, material lifts, material handlers, generators, and compressors. Boom Logistics Limited operates in a range of industry sectors, primarily industrial maintenance, commercial construction, resources and petro chemical industry, civil works, and heavy lifting sectors. It offers approximately 530 cranes and 2,500 items of access equipment. The company, formerly known as Australian Crane Company, was incorporated in 2000 and is based in Southbank, Australia.
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