Emerging-market stocks retreated from a five-month high amid concern China�� economic growth will falter after the nation�� money-market rates climbed. OAO Gazprom and Vale SA drove a slump in commodity producers.
The MSCI Emerging Markets Index declined 1.1 percent to 1,033.47, snapping a rally that took the gauge to a five-month high. The Shanghai Composite Index fell 1.3 percent, while Gazprom drove Russia�� Micex Index to the biggest slide in two months. Brazil�� Ibovespa (IBOV) retreated from the highest since March as iron-ore producer Vale sank. The rand fell as South Africa projected government debt would surge.
Stocks in emerging markets joined a decline in commodities as crude oil tumbled to a three-month low, while copper and gold slumped. China�� benchmark money-market rate jumped the most since July as the central bank refrained from adding funds to markets and corporate tax payments drained cash. The People�� Bank of China may lean toward tightening should there be an acceleration in consumer-price gains, Song Guoqing, a central bank academic adviser, said over the weekend.
Hot Valued Companies To Own In Right Now: Anworth Mortgage Asset Corporation (ANH)
Anworth Mortgage Asset Corporation operates as a real estate investment trust (REIT) in the United States. It invests primarily in the United States agency mortgage-backed securities (agency MBS) guaranteed by the United States government, including pass-through certificates, collateralized mortgage obligations (CMOs), and other types of MBS, such as mortgage derivative securities and mortgage warehouse participations, as well as in other mortgage related assets. The company's agency MBS portfolio includes adjustable-rate agency MBS, hybrid adjustable-rate agency MBS, fixed-rate Agency MBS, and agency floating-rate CMOs. It also invests in non-agency mortgage-backed securities comprising floating-rate CMOs. The company qualifies as a REIT for federal income tax purposes. As a REIT it would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Anworth Mortgage Asset Corporation was founded in 1997 and is b ased in Santa Monica, California.
Advisors' Opinion:- [By alicet236]
Anworth Mortgage Asset Corporation (ANH) Reached the Five-Year Low of $4.47
The prices of Anworth Mortgage Asset Corporation (ANH) shares have declined to close to the five-year low of $4.47, which is 49.3% off the five-year high of $8.340. Anworth Mortgage Asset Corporation is owned by one Guru we are tracking. Among them, one added to his positions during the past quarter. Two reduced their positions. Anworth Mortgage Asset Corporation has a market cap of $639.1 million; its shares were traded at around $4.47 with a P/E ratio of 7.10 and P/S ratio of 5.96. The dividend yield of Anworth Mortgage Asset Corporation stocks is 12.80%.
- [By Rich Duprey]
Externally managed real estate investment trust Anworth Mortgage Asset (NYSE: ANH ) announced yesterday that it is increasing the conversion rate on its�6.25% Series B cumulative convertible preferred stock from�3.8695�shares of its common stock to 3.9202 shares effective July 9.
- [By Rich Duprey]
Externally managed REIT�Anworth Mortgage Asset (NYSE: ANH ) announced yesterday its second-quarter dividend of $0.15 per share, the same rate it's paid for the past three quarters after cutting the payout 17% from $0.18 per share. The quarter before that, the REIT had cut the dividend 14% more.
- [By Monica Gerson]
Anworth Mortgage Asset (NYSE: ANH) announced an additional 5 million share repurchase program. Anworth Mortgage shares rose 0.97% to $4.18 in after-hours trading.
Top 5 Gas Utility Companies To Watch For 2014: China Ming Yang Wind Power Group Ltd (MY)
China Ming Yang Wind Power Group Limited incorporated on February 26, 2009, is a wind turbine manufacturer in China, focusing on designing, manufacturing, selling and servicing megawatt-class wind turbines. The Company�� products consist of basic models of wind turbines, each with a rated power capacity of 1.5 megawatt (MW); wind turbines with a rated power capacity of 2.0MW, and 2.5/3.0MW SCD wind turbines. Each product type may be installed with one of three rotor blade models depending on the location and wind conditions. As of December 31, 2012, the Company had entered into sales contracts with 37 end customers to deliver 3,730 units of its wind turbines.
It cooperates with aerodyn Energiesysteme to develop its 1.5 megawatt wind turbines and share intellectual property rights. It also has obtained licenses from aerodyn Asia Co., Ltd. (aerodyn Asia) to manufacture and distribute wind turbines utilizing its super-compact drive (SCD) technology, with a rated power capacity of 6.0MW.
The Company�� customers are the Chinese state-owned power producers which include Huaneng, China Datang, Huadian, China Guodian Corporation, and China Power Investment Corporation (CPIC) or their alternative energy subsidiaries, such as China Longyuan Power Group Corporation Limited (Longyuan), a subsidiary of Guodian, and China Datang Corporation Renewable Power Co., Limited (Datang Renewable), a subsidiary of China Datang. It also sells wind turbines to regional alternative energy investment companies, regional power producers and wind farm operators in the private sector. Its facilities are located in Zhongshan, Tianjin, Jilin, Rudong, Dali and Inner Mongolia in China.
The Company produces megawatt-class, grid-connected, horizontal-axis wind turbines, equipped with a double-fed constant frequency induction generator, which is a design of the generator that enables the generator to produce electric current of a constant frequency as the shaft rotates at varying speeds causing! the generator rotor to rotate at varying speed. It offers 1.5 megawatt turbines specially designed and developed for the wind and weather conditions and power grids in China. Its 1.5 megawatt wind turbines are equipped with rotor blades with a post-installation diameter of 77.1 meters, 82.6 meters or 89.0 meters.
The Company has license rights under a license agreement from aerodyn Asia to manufacture and distribute 2.5/3.0MW SCD wind turbines and 6.0MW SCD wind turbines in China. The Company is focused on developing 3.8MW wind turbine model for larger multi-megawatt wind turbines.
The Company competes with Sinovel, Goldwind, Dongfang Electric, United Power, Vestas, Gamesa Corporacion Tecnologica S.A. and GE Energy.
Advisors' Opinion:- [By Roberto Pedone]
Another under-$10 stock that looks ready to trigger a big breakout trade is China Ming Yang Wind Power Group (MY), a wind turbine manufacturer in China. This stock has been very hot over the last six months, with shares up sharply by 52%.
If you take a look at the chart for China Ming Yang Wind Power Group, you'll notice that this stock has been uptrending over the last few weeks, with shares moving higher from its low of $1.91 to its intraday high of $2.59 a share. During that uptrend, shares of MY have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of MY within range of triggering a big breakout trade.
Market players should now look for long-biased trades in MY if it manages to break out above some past overhead resistance levels at $2.58 to $2.80 a share high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average action of 1.56 million shares. If that breakout hits soon, then MY will set up to re-test or possibly take out its next major overhead resistance levels at $3.35 to its 52-week high at $3.52 a share. Any high-volume move above those levels will then give MY a chance to tag $4 a share.
Traders can look to buy MY off weakness to anticipate that breakout and simply use a stop that sits right below its 50-day moving average of $2.30 a share, or near more support at $2.02 a share. One can also buy MY off strength once it starts to clear those breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point.
- [By Travis Hoium]
What: Shares of wind turbine maker China Ming Yang Wind Power Group (NYSE: MY ) jumped as much as 17% after reporting earnings.
So what: Total revenue in the first quarter was up 98% to $129.7 million, and comprehensive income was $3.8 million, or $0.03 per share. This result is a swing back to profit for the company, and it looks like demand is picking up quickly this year. �
Top 5 Gas Utility Companies To Watch For 2014: Arrium Ltd (ARRMF)
Arrium Limited is an international mining and materials company. The Company�� principal activities are mining and supply of iron ore and other steelmaking raw materials to steel mills internationally and in Australia; the manufacture and supply of mining consumables products globally; the manufacture and distribution of steel long products and recycling of ferrous and non-ferrous scrap metal. Its key businesses include Mining, Mining Consumables, Steel and Recycling. Arrium Mining is an exporter of hematite ore with operations in South Australia. Arrium Mining also supplies pelletised magnetite iron ore and some hematite lump iron ore to the Company�� integrated steelworks. Arrium Mining Consumables supplies resource companies with a range of key mining consumables, including grinding media, wire ropes and rail wheels. Arrium�� integrated Steel and Recycling include OneSteel Manufacturing, long products steel manufacturing business, and OneSteel Distribution. Advisors' Opinion:- [By MARKETWATCH]
LOS ANGELES (MarketWatch) -- Australian stocks rose modestly in early Tuesday trade, with the market reacting to a mixed batch of earnings. The S&P/ASX 200 (AU:XJO) added 0.2% to 5,391.80, with BHP Billiton Ltd. (AU:BHP) (BHP) rising 1.7% after its July-December profit almost doubled from a year earlier, beating forecasts. However, smaller rival Arrium Ltd. (AU:ARI) (ARRMF) added 2.5% after reporting a swing back to profit. Other miners got a bump up from rising commodity prices, as Newcrest Mining Ltd. (AU:NCM) (NCMGF) gained 2.3% and Fortescue Metals Group Ltd. (AU:FMG) (FSUMF) added 1.2%, though Oz Minerals Ltd. (AU:OZL) (OZMLF) slipped 0.4%. Shares of Coca-Cola Amatil Ltd. (AU:CCL) (CCLAF) slumped 5.1% after the drinks firm saw a more than 80% drop in 2013 profit, weighed by a writedown on its fruit-processing business. Packaging firm Amcor Ltd. (AU:AMC) (AMCRF) lost 4.6% after its fiscal-first-half profit fell by about a third.
Top 5 Gas Utility Companies To Watch For 2014: Codexis Inc.(CDXS)
Codexis, Inc. engages in the production of custom industrial enzymes for use in the manufacture of biofuels, chemicals, and pharmaceutical ingredients. The company offers Codex Biocatalyst Panels and Kits to pharmaceutical companies that are engaged in drug development and the marketing of approved drugs to allow them to screen and identify possible enzymatic manufacturing processes for their drug candidates and their marketed products. It also provides enzyme screening services, enzyme optimization services, and enzymes, as well as supplies intermediates and active pharmaceutical ingredients to pharmaceutical companies. In addition, the company develops CodeXyme cellulase enzymes to convert cellulosic biomass, a non-food plant material into affordable sugars, which can then be converted into renewable fuels and chemicals; and CodeXol detergent alcohols that are used to manufacture surfactants, which are used as cleaning ingredients in consumer products, such as shampoos, liquid soaps, and laundry detergents. It intends to market CodeXyme cellulase enzymes to chemicals manufacturers; and CodeXol detergent alcohols as a drop-in substitute for the detergent alcohols market. The company has strategic collaborations with Royal Dutch Shell plc and Iogen Energy Corporation for the production of cellulosic ethanol from wheat straw and corn stover feedstocks. Codexis, Inc. was founded in 2002 and is headquartered in Redwood City, California.
Advisors' Opinion:- [By Maxx Chatsko]
He believes several companies have set the bar precipitously low to start the year despite targeted developments expected to occur before the start of 2014. Watch the following video for his thoughts on potential positive surprises awaiting investors in�Amyris� (NASDAQ: AMRS ) ,�BioAmber� (NYSE: BIOA ) ,�Codexis� (NASDAQ: CDXS ) , and�Solazyme� (NASDAQ: SZYM ) .
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