U.S. and Canadian accident investigators are urging their governments to impose new safety rules on so-called oil trains, warning that a "major loss of life" could result from an accident involving the increasing use of trains to transport large amounts of crude oil.
Pipeline supporters said the unusual joint warning by the U.S. National Transportation Safety Board and the Transportation Safety Board of Canada highlights the need for Keystone XL, which would carry oil derived from tar sands in western Canada to refineries on the U.S. Gulf Coast. Oil started flowing Wednesday through a southern leg of the pipeline from Oklahoma to the Houston region.
5 Best Dow Dividend Stocks To Watch Right Now: Nu Skin Enterprises Inc.(NUS)
Nu Skin Enterprises, Inc. develops and distributes anti-aging personal care products and nutritional supplements worldwide. The company sells its personal care products under the Nu Skin brand; and nutritional supplements under the Pharmanex brand. Its personal care product line includes core systems, targeted treatments, total care, cosmetic, and Epoch, a product formulated with botanical ingredients. The company?s nutritional supplements product line comprises micronutrient supplements, targeted solution supplements, and weight management products. It also sells Vitameal, which are nutritious meal products for starving children or purchased for personal food storage. In addition, the company offers other products and services consisting of digital content storage, water purifiers, and other household products. It sells its products primarily through a network of independent distributors in north Asia, the Americas, Greater China, Europe, and the south Asia/Pacific. The c ompany also operates retail stores to sell its products in China. As of December 31, 2010, Nu Skin Enterprises operated 40 stores throughout China. The company was founded in 1984 and is headquartered in Provo, Utah.
Advisors' Opinion:- [By Ben Levisohn]
Over the past several weeks, [Nu Skin Enterprises (NUS)], a major publicly-traded multilevel marketing (MLM) competitor to Herbalife, began its long-awaited introduction of a new weight management product line to its distributors, located primarily in Asia and the U.S. As a follow up, we conducted discussions with many of our senior-level distributor contacts in the Herbalife organization located in these regions to determine the potential impact on Herbalife�� own weight management (i.e., Formula 1 shakes) sales. Based on our feedback, we believe Herbalife�� sales momentum has not skipped a beat, with almost all the distributors we spoke with indicating there was not even a slight deceleration in their business since the Nu Skin TR90 product launch.
- [By Roberto Pedone]
Nu Skin Enterprises (NUS) is a direct selling company, which develops and distributes personal care products and nutritional supplements that are sold under the Nu Skin and Pharmanex brands. This stock closed up 5.4% at $92.96 in Monday's trading session.
Monday's Volume: 2 million
Three-Month Average Volume: 900,802
Volume % Change: 85%From a technical perspective, NUS ripped higher here right above some near-term support at $85 with heavy upside volume. This move pushed shares of NUS into breakout and new 52-week-high territory, since the stock took out some near-term overhead resistance levels at $88.20 to $89.69. This move also pushed shares of NUS above the upper-end of its recent range that saw the stock trend between $82 to just above $89.
Traders should now look for long-biased trades in NUS as long as it's trending above support at $85 and then once it sustains a move or close above Monday's high of $93.33 with volume that this near or above 900,802 shares. If we get that move soon, then NUS will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $100 to $105.
- [By Victor Nguyen]
(c) 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Most Popular 9 One-Time Penny Stocks Didn't Stay That Way Ford's Alan Mulally Talks Aluminum, His Future & His Favorite Ride #PreMarket Primer: Thursday, January 16: Another Triple-Digit Day Elon Musk: $35,000 Tesla Coming In Three Years #PreMarket Primer: Wednesday, January 15: Big Earnings Day Earnings Scheduled For January 16, 2014 Related Articles (NUS) Market Wrap For January 16: Markets End Two Day Winning Streak Shares of Nu Skin Halted Four Times Today -- What Happened? Nu Skin Confirms Aware Chinese Regulators Have Initiated Investigations UPDATE: Canaccord Genuity Lowers Nu Skin Rating, Stock Plummets 21% Upon Operation Probe in China StockTwits Top Five Trending Stocks For January 16 Mid-Morning Market Update: Markets Mostly Lower; Goldman Sachs Posts Upbeat Profit - [By Ben Levisohn]
Shares of Nu Skin (NUS) continue to plunge after the Wall Street Journal reported that China would investigate allegations that the multi-level marketer is a pyramid scheme.
ReutersYesterday, the People’s Daily ran a story accusing the company of using sales techniques that bordered on brainwashing. While the story can be easily dismissed–and was–the fact that China is investigating cannot.
So says Canaccord Genuity’s Scott Van Winkle and Mark Sigal, who downgraded Nu Skin to Hold from Buy today. They write:
While we found yesterday�� article to be the type of complaint multi-level marketers often face, we believe that any government investigation in China opens questions that we can�� forecast. Even with laws to provide a path, we don�� believe that anyone can predict the Chinese government in this instance.
Lowering rating to HOLD from Buy to reflect a new level of risk in China, which at roughly one-third of our 2013 revenue forecast is a large enough market to significantly impact not only the financial results but also the valuation.
Nu Skin has plunged 20% to $92.52 today at 10:51 a.m., and has dragged down other multi-level marketers with it. Herbalife (HLF) has dropped 5.9% to $74.74, while Usana Health Sciences (USNA) has fallen 9.1% to $59.77.
Maybe it’s because China is a heck of a lot bigger than Belgium? Remember, back in December, a Beligian court ruled that Herbalife was not a pyramid scheme, which had some bulls acting as if the debate was decided. China, however, is a much bigger beast, and if it come to the conclusion that Nu Skin is indeed a pyramid scheme, it’s not impossible that the issue will become front and center for other multi-level markers again.
I’ll leave you with a piece of a Citron Research report on Nu Skin from Oct 2013, that reminded investors that China’s newspapers were already looking into the case of Nu Skin even as
Hot Canadian Companies To Invest In Right Now: SAP AG(SAP)
SAP AG provides business software primarily in Europe, the Middle East, Africa, the Americas, and the Asia Pacific Japan region. The company?s products includes SAP Business Suite software, which supports large organizations in their core business operations, such as supplier relationship, production, warehouse management, sales, administration, and customer relationship; SAP Business All-in-One, a business management software that assists midsize companies in managing various business functions, including financials, human resources, procurement, inventory, manufacturing, logistics, product development, sales, and marketing; SAP Business One, a business management application for small businesses; and SAP Business ByDesign, an on-demand solution for integrated business management applications. Its products also comprises SAP BusinessObjects Edge business intelligence and enterprise performance management solutions; Xcelsius, a data visualization software; Crystal Reports, which helps users design interactive reports; Sybase IQ, an optimized analytics server designed to deliver results for business intelligence, analytics, data warehousing, and reporting solutions; SAP solutions for sustainability; and SAP NetWeaver technology platform, which integrates information and business processes across various technologies and organizational structures. In addition, the company offers industry and solution-focused, business transformation, information technology transformation, custom development, and support services; and program, project management, quality assurance, and education and certification services. It sells its products through its subsidiaries and resellers. SAP AG has a strategic relationship with Cap Gemini S.A. to develop and deploy enterprise mobility solutions. The company was formerly known as SAP Aktiengesellschaft Systeme, Anwendungen, Produkte in der Datenverarbeitung. SAP AG was founded in 1972 and is headquartered in Walldorf , Germany.
Advisors' Opinion:- [By Evan Niu, CFA]
What: Shares of Tangoe (NASDAQ: TNGO ) have danced higher today, up by 13% at the high, after the company announced a partnership with software giant SAP (NYSE: SAP ) .
- [By Robert Abbott]
It has developed strategic alliances and partnerships with other major players, including SAP (SAP), Microsoft Corporation (MSFT), Oracle Corporation (ORCL), Accenture plc (ACN), and Deloitte Consulting LLC.
- [By Alex Jordon]
A variety of acquisitions ramps up Oracle's presence in cloud computing, like deals with RightNow, Taleo, and Eloqua. The annual run-rate of their cloud business is already over $1 billion, larger than Workday (WDAY) and SAP (SAP) combined. New customers include British Telecom (BT), BMC Software (BMC), Siemens (SI), Yahoo (YHOO), and Intuit (INTU).
Hot Canadian Companies To Invest In Right Now: Stage Stores Inc.(SSI)
Stage Stores, Inc. operates as a specialty department store retailer that offers branded and private label apparel, accessories, cosmetics, and footwear for women, men, and children in the United States. The company also offers sportswear, dresses, intimates, home and gift products, outerwear, swimwear, and other products. It primarily focuses on consumers in small and mid-sized markets. The company operates stores under the names of Bealls, Goody?s, Palais Royal, Peebles, and Stage. Stage Stores, Inc. also sells its products through its Web site. As of March 06, 2012, it operated 819 stores in 40 states. Stage Stores, Inc. is headquartered in Houston, Texas.
Advisors' Opinion:- [By Anna Prior]
Stage Stores Inc.(SSI) said it agreed to sell its Steele’s retail stores to financial services firm Hilco Global later this year, which contributed to a drop in fiscal fourth-quarter earnings. The top line missed expectations, and the sales view for the year also fell below the consensus view.
- [By Dan Caplinger]
On Friday, Stage Stores (NYSE: SSI ) will release its latest quarterly results. The key to making smart investment decisions on stocks reporting earnings is to anticipate how they'll do before they announce results, leaving you fully prepared to respond quickly to whatever inevitable surprises arise. That way, you'll be less likely to make an uninformed knee-jerk reaction to news that turns out to be exactly the wrong move.
- [By Jake L'Ecuyer]
Stage Stores (NYSE: SSI) was also up, gaining 13.47 percent to $22.41 after the company reported Q4 results and announced the sale of its Steele's off-price division to a new retail unit of Hilco Global.
- [By Roberto Pedone]
Another earnings short-squeeze prospect is specialty department store retailer Stage Stores (SSI), which is set to release numbers on Thursday before the market open. Wall Street analysts, on average, expect Stage Stores to report revenue of $397.57 million on earnings of 53 cents per share.
Read More: Triple Your Gains With These 5 Cash-Rich Companies
The current short interest as a percentage of the float for Stage Stores is pretty high at 11.6%. That means that out of the 30 million shares in the tradable float, 3.58 million shares are sold short by the bears. The bears have also been increasing their bets from the last reporting period by 4.2%, or by about 145,000 shares. If the bears get caught pressing their bets into a bullish quarter, then shares of SSI could easily surge sharply higher post-earnings as the shorts jump to cover some of their positions.
From a technical perspective, SSI is currently trending above its 50-day moving average and just below its 200-day moving average, which is neutral trendwise. This stock has been trending sideways and consolidating for the last three months and change, with shares moving between $17.51 on the downside and $20.32 on the upside. Any high-volume move above the upper-end of its recent range post-earnings could trigger a big breakout trade for shares of SSI.
If you're bullish on SSI, then I would wait until after its report and look for long-biased trades if this stock manages to break out above some near-term overhead resistance levels at $19.91 to $20.32 a share with high volume. Look for volume on that move that registers near or above its three-month average action of 233,200 shares. If that breakout begins post-earnings, then SSI will set up to re-test or possibly take out its next major overhead resistance levels at $23 to $25 a share.
I would simply avoid SSI or look for short-biased trades if after earnings it fails to trigger that breakout and then takes out some key
Hot Canadian Companies To Invest In Right Now: Encana Corporation(ECA)
Encana Corporation and its subsidiaries engage in the exploration for, development, production, and marketing of natural gas, oil, and natural gas liquids. The company owns interests in resource plays that primarily include the Greater Sierra, Cutbank Ridge, Bighorn, and Coalbed Methane resource plays located in British Columbia and Alberta, as well as the Deep Panuke natural gas project offshore Nova Scotia in Canada. It also holds interests in resource plays comprising the Jonah in southwest Wyoming, Piceance in northwest Colorado, Haynesville in Louisiana, and Texas resource play, including east Texas and north Texas. The company serves primarily local distribution companies, industrials, energy marketing companies, and other producers. Encana Corporation was founded in 1971 and is headquartered in Calgary, Canada.
Advisors' Opinion:- [By Jeremy van Loon]
Encana Corp. (ECA), the natural gas producer selling assets after losing half its value since 2010, is being urged by investors to cut its dividend and focus on profitable projects in the U.S. and Canada.
- [By Aaron Levitt]
Realizing the error of its ways — i.e. spinning off its oil division as Cenovus (CVE) in 2009 — EnCana (ECA) has been spending much of the past year reinventing itself as a more balanced energy play rather than a strictly natural gas one. That has meant adding more liquids and shale oil back into its production mix.
- [By Richard Zeits]
Earlier this year, after almost a year of active but unsuccessful marketing of a Mississippian Lime Joint Venture and following several mixed test results, Encana Corporation (ECA) designated its ~320,000 net Mississippian Lime acres in Kansas for sale. In July, Encana followed with a decision to divest its remaining acreage in Osage County in Oklahoma, including seven producing wells.
- [By Ben Levisohn]
Nucor’s (NUE) side-bet on natural gas looks to be a loser, as the steel company called a halt to its natural-gas project with Encana (ECA) today.
Hot Canadian Companies To Invest In Right Now: National Retail Properties (NNN)
National Retail Properties, Inc. is a publicly owned equity real estate investment trust. The firm acquires, owns, manages, and develops retail properties in the United States. It provides complete turn-key and built-to-suit development services including market analysis, site selection and acquisition, entitlements, permitting, and construction management. The firm also focuses on purchasing and financing net-leased retail properties. It was formerly known as Commercial Net Lease Realty, Inc. National Retail Properties was founded in August 1984 and is based in Orlando, Florida.
Advisors' Opinion:- [By Dan Burrows]
Here are the three dependable dividend stocks that are up at least 10% year-to-date, as of Feb. 11:
Dependable Dividend Stocks: National Retail Properties (NNN)Dividend Yield: 4.9%
YTD Gain: 10%
Hot Canadian Companies To Invest In Right Now: El Paso Electric Company (EE)
El Paso Electric Company, a public utility company, engages in the generation, transmission, and distribution of electricity primarily in west Texas and southern New Mexico. It principally operates nuclear, natural gas, and coal power plants, as well as wind turbines. As of December 31, 2010, the company owned 6 electrical generating facilities with a net generating capacity of approximately 1,643 megawatts. It serves approximately 370,000 residential, commercial, industrial, public authority, and wholesale customers. The company sells its products to electric utilities and power marketers, as well as to oil and copper refining, and steel production facilities, universities, and the United States military installations. El Paso Electric Company was founded in 1901 and is based in El Paso, Texas.
Advisors' Opinion:- [By Tyler Crowe]
If we were to pinpoint a company that�embodies�this�success�as of late, it's First Solar (NASDAQ: FSLR ) . It just sold a 139 megawatt facility to�utility�giant -- and large coal consumer -- Southern (NYSE: SO ) , and recently signed a power purchase deal with El Paso Electric (NYSE: EE ) that will supply El Paso with electricity for half what it pays for power from coal. These deals also come with the announcement that the company upped guidance earlier in April which sent share prices up by 46% in one day.�
- [By Tyler Crowe]
It may have been a long time coming, but the technology for renewable fuels is very close to the point that they can can compete on the open market against traditional energy sources. First Solar just recently announced a deal with El Paso Electric (NYSE: EE ) that it will sell electricity to El Paso from its Macho Springs solar facility for 5.79 cents per kilowatt hour, less than half what El Paso pays for electricity from coal. Also, the Federal Energy Regulation Commission has stated that 83% of all additional energy generation in the U.S. for Q1 2013 came from either wind or solar facilities. Perhaps the route to developing better solutions wasn't the smoothest, but it's hard to deny the overall outcome.�
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