Nearly three-quarters of global chief financial officers (CFOs) believe the U.S. economy will remain strong over the next three years, according to a report.
Of the 497 CFOs across 30 countries surveyed by Zurich Insurance Group, EY and the Atlantic Council, 71 percent expected continued improvement in the U.S. business environment over the next three years, while 61 percent “felt confident or extremely confident about investing in the U.S.”
This is despite rising calls for protectionism and the renegotiation of long-established trade arrangements by President Donald Trump’s administration.
A decade after the financial crisis, corporate players cited global economic recovery, domestic tax reform and deregulation as core factors contributing to the strong sentiment gauged in the report, entitled “Borders vs Barriers: Navigating uncertainty in the U.S. business environment.”
Hot Blue Chip Stocks To Watch For 2021: Trinity Industries Inc.(TRN)
Trinity Industries, Inc. provides products and services to the industrial, energy, transportation, and construction sectors primarily in the United States, Canada, Mexico, the United Kingdom, Singapore, and Sweden. The company?s Rail Group manufactures and sells railcars, including auto carrier, box, gondola, hopper, intermodal, specialty, and tank cars; and railcar components, such as couplers and axles. This group also offers repair and coating services. It primarily serves railroads, leasing companies, and industrial shippers of various products. Trinity Industries? Railcar Leasing and Management Services group leases tank cars and freight cars to industrial shippers and railroads operating in petroleum, chemical, agricultural, and energy industries with a fleet of 54,595 owned or leased railcars; provides management and administrative services; and manages railcar fleets on behalf of third parties. The company?s Construction Products group produces ready mix concret e; produces and distributes construction aggregates, including crushed stone, sand and gravel, asphalt rock, and specialty sands and gravel; manufactures highway products and other steel products for infrastructure related projects; supplies ready mix concrete; and provides hot-dip galvanizing services for fabricated steel materials. It primarily serves contractors and subcontractors in the construction and foundation industry. Trinity Industries? Inland Barge group manufactures inland barges; and fiberglass reinforced lift covers. It serves commercial marine transportation companies. The company?s Energy Equipment group manufactures structural wind towers, tank containers, and tank heads for pressure vessels; fertilizer containers; and tank heads for non-pressure vessels, LPG tanks, and utility, traffic, and lighting structures. It serves turbine producers, as well as industrial plants, utilities, residences, and small businesses. The company was founded in 1933 and is he adquartered in Dallas, Texas.
- [By Max Byerly]
Get a free copy of the Zacks research report on Trinity Industries (TRN)
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- [By Motley Fool Transcribers]
Trinity Industries Inc (NYSE:TRN)Q4 2018 Earnings Conference CallFeb. 21, 2019, 11:00 a.m. ET
Prepared Remarks Questions and Answers Call Participants
Hot Blue Chip Stocks To Watch For 2021: KLX Inc.(KLXI)
Except as otherwise indicated or unless the context otherwise requires, “KLX,” “we,” “us” and “our” refer to KLX Inc. and its consolidated subsidiaries after giving effect to the internal reorganization and its spinoff from B/E Aerospace, and “B/E Aerospace” refers to B/E Aerospace, Inc., its predecessors and its consolidated subsidiaries, other than, for all periods following the spinoff, KLX Inc. and its consolidated subsidiaries. See “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations–Overview–The Spinoff.”
We believe, based on our experience in the industry, that we are the world’s leading distributor and valueadded service provider of aerospace fasteners and consumables, and that we offer one of the broadest ranges of aerospace hardware and consumables and inventory management services worldwide. Advisors’ Opinion:
- [By Shane Hupp]
KLX (NASDAQ:KLXI) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Friday.
- [By Rich Smith]
KLX Inc. (NASDAQ:KLXI) stock closed 15.2% lower on Monday. That sounds like bad news, but really isn’t. Here’s why.
KLX is a strange beast, as it comprises two main business units. The Aerospace Solutions Group distributes small airplane components such as bolts, clips, hinges, and screws. With $1.4 billion in annual sales, this is KLX’s largest business unit — and it’s selling out to Boeing in a $4.25 billion deal initially expected to close sometime in this current third quarter of 2018 — later postponed to Q4.
- [By Joe Tenebruso]
Boeing intends to grow its services business via both organic means and acquisitions, such as its $4 billion purchase of aerospace parts distributor KLX (NASDAQ:KLXI). Boeing believes that its aerospace expertise, global reach, and strong customer relationships will allow it to rapidly gain share in this massive market.
Hot Blue Chip Stocks To Watch For 2021: Deutsche Bank AG(DB)
Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services. The company?s Corporate and Investment Bank division engages in the origination, sale, structuring, and trading of bonds, equities and equity-linked products, exchange-traded and over-the-counter derivatives, foreign exchange, money market instruments, securitized instruments, and commodities to sovereign countries and multinational organizations; and medium-sized companies and multinational corporations. It also offers mergers and acquisitions advisory, corporate finance, and transaction banking, as well as trade finance, cash management, and trust and securities services for financial institutions and other companies. The company?s Private Clients and Asset Management division provides mutual funds and alternative investment products; manages real estate and infrastructure investments and private equity funds; offers advisory and portfolio management services to insurance companies; and provides investment solutions to institutional customers, high net worth individuals, and families. This division also offers a range of banking products and services, including current accounts, deposits and loans, and investment management and pension products to private and self-employed individuals, and small to medium-sized businesses. Its Corporate Investments division?s principal investment activities comprise private equity and venture capital investments, corporate real estate investments, a minority stake in Deutsche Postbank AG, credit exposures, and other non-strategic investments. As of December 31, 2010, the company operated 3,083 branches in approximately 74 countries worldwide, including 2,087 in Germany. Deutsche Bank Aktiengesellschaft was founded in 1870 and is headquartered in Frankfurt am Main, Germany.
- [By Garrett Baldwin]
Now, here’s a closer look at today’s Money Morning insight, the most important market events, and stocks to watch.
The Top Stock Market Stories for Tuesday
Today, investors will watch earnings season kick into high gear. A busy day of reports started today with a solid one from UnitedHealth Group Inc. (NYSE: UNH). The health insurance giant’s stock could jump up to 3% after topping Wall Street expectations, while Johnson & Johnson (NYSE: JNJ) could gain another 2% thanks to a solid report.
The U.S. Federal Reserve could hold interest rates in place until late 2020, according to one prominent member of the central bank. On Monday, Chicago Fed President Charles Evans said that the Fed can hold off on raising rates until around the election. Evans said that holding off will help “support the inflation outlook.” Keep a close eye on Apple Inc. (NASDAQ: AAPL), whose shares are dancing with the $200 level. With Netflix Inc. (NASDAQ: NFLX) set to report earnings, Walt Disney Co. (NYSE: DIS) launching its own streaming service, and Hulu losing a major investor, all eyes are on Tim Cook’s company and its plans to enter the highly competitive content wars. Last week, AAPL stock received a price target upgrade from Wedbush, $215 to $225 per share. But if you’ve been following us, you’d know that $225 is our long-term outlook for one of the world’s top companies.
Stocks to Watch Today: NFLX, DIS, CMCSA, T, CSX
Earnings season is in full swing, and investors will keep an eye out later for Netflix Inc. (NASDAQ: NFLX). The global streaming giant reports earnings today. Prior to its earnings report, Deutsche Bank AG (NYSE: DB) upgraded its stance from a “Hold” to a “Buy” and expects stronger subscriber growth on top of higher monthly subscription costs. The German bank set a price target of $400 per share. NFLX stock is up 30% so far this year, but the stock faces increasing competition from a variety of challengers.
Brace Yourself: The 5G revolution is unleashin
- [By Garrett Baldwin]
It’s not all good news on the trade front. Shares of Caterpillar Inc. (NYSE: CAT) fell nearly 1% after the company received a downgrade from German financial giant Deutsche Bank AG (NYSE: DB). The bank slashed its price target for CAT stock from $152 to $128 on concerns that “synchronized global growth has collapsed, [and] the China Land Cycle is rolling over.” The bank added that “Europe is slowing more than expected and the U.S. is oversaturated with construction equipment.” Global growth concerns continue to accelerate and raise worries that the international economy is slipping into a recession. Central banks are tapped out on debt and have limited stimulus options.
Brent crude prices pushed toward $70 per barrel. This is the fourth consecutive day of gains as markets continue to project a tightening balance between global supply and demand. U.S. WTI crude prices were moving toward $63 per barrel as cuts by OPEC, American sanctions against Iran and Venezuela, and reduced shipments to Asia support prices. However, oil could see a bit of pressure today after the American Petroleum Institute announced a surprise uptick in domestic crude inventories. The U.S. Department of Energy will release the official report on U.S. inventory levels later today.
Stocks to Watch Today: GME, NFLX, PLAY
Shares of GameStop Corp. (NYSE: GME) plunged more than 12.2% in pre-market hours after the retail firm fell well short of earnings expectations. The company offered a weak outlook, saying it doesn’t anticipate an increase in sales this year. In fact, it expects sales to fall by 5% to 10% this year. The stock fell to its lowest level since 2005. The company is facing added pressure from Apple Inc. (NASDAQ: AAPL) and Alphabet Inc. (NASDAQ: GOOGL), two Silicon Valley giants that plan to launch their own video game streaming services in the future.
SIT THIS ONE OUT and you could miss an American economic revolution that could send three little pot stocks soaring up to 1
- [By Garrett Baldwin]
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Two Stocks to Watch Today: BKE, FB
Shares of Buckle Inc. (NYSE: BKE) were off 0.7% after the firm received a downgrade from German investment bank Deutsche Bank (NYSE: DB). The firm downgraded BKE stock from a “Hold” to a “Sell” and set a price target of $16 per share. Shares of Facebook Inc. (NASDAQ: FB) were off 1.2% after The New York Times reported that the social media giant is under criminal investigation. According to the newspaper, the firm offered “broad access to view information on Facebook users” sometimes without those users’ permission. This is a story that we’ll continue to monitor heading into next week.
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Hot Blue Chip Stocks To Watch For 2021: Invesco Advantage Municipal Income Trust II(VKI)
Van Kampen Advantage Municipal Income Trust II (the Trust) is a diversified closed-end management investment company. The Trust’s investment objective is to provide a high level of current income exempt from federal income tax, consistent with preservation of capital. The Trust will invest substantially all of its assets in municipal securities rated investment grade at the time of investment. It invests in a diversified portfolio consisting primarily of investment-grade, tax-exempt municipal securities. The Trust may invest up to 20% of its assets in securities that are rated, at the time of investment, BB/Ba or B by Standard & Poor’s Ratings Service (S&P), Moody’s Investors Services, Inc. (Moody’s) or Fitch Ratings Ltd. (Fitch), or that are unrated, but deemed to be of comparable quality by the Trust’s investment advisor. These securities are regarded as below investment grade and are commonly referred to as junk bonds.
On January 27, 2006, the Trust acquired Van Kampen Municipal Opportunity Trust II and Van Kampen Value Municipal Income Trust. Van Kampen Advantage Municipal Income Trust II may invest a portion of its assets in inverse floating-rate instruments, either through outright purchases of inverse floating-rate securities, or through the transfer of bonds to a dealer trust in exchange for cash and residual interests in the dealer trust. It invests in sectors, such as hospital, public education, general purpose, airports and public buildings. The Trust’s investment advisor is Van Kampen Asset Management.
- [By Stephan Byrd]
Invesco Advantage Municipal Income Tr II (NYSEAMERICAN:VKI) declared a monthly dividend on Tuesday, October 2nd, Wall Street Journal reports. Stockholders of record on Tuesday, October 16th will be given a dividend of 0.0493 per share by the financial services provider on Wednesday, October 31st. This represents a $0.59 annualized dividend and a dividend yield of 5.65%. The ex-dividend date of this dividend is Monday, October 15th.
- [By Max Byerly]
Van ECK Associates Corp increased its position in shares of Invesco Advantage Municipal Income Tr II (NYSEAMERICAN:VKI) by 14.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 138,408 shares of the financial services provider’s stock after purchasing an additional 17,899 shares during the period. Van ECK Associates Corp owned 0.31% of Invesco Advantage Municipal Income Tr II worth $1,475,000 at the end of the most recent quarter.
- [By Stephan Byrd]
Invesco Advantage Municipal Income Tr II (NYSEAMERICAN:VKI) declared a monthly dividend on Thursday, August 2nd, Wall Street Journal reports. Investors of record on Tuesday, August 14th will be given a dividend of 0.0517 per share by the financial services provider on Friday, August 31st. This represents a $0.62 annualized dividend and a yield of 5.77%. The ex-dividend date is Monday, August 13th.
- [By Ethan Ryder]
Wedbush Securities Inc. bought a new stake in Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 35,963 shares of the financial services provider’s stock, valued at approximately $382,000. Wedbush Securities Inc. owned 0.08% of Invesco Advantage Municipal Income Trust II as of its most recent SEC filing.
Hot Blue Chip Stocks To Watch For 2021: Jacobs Engineering Group Inc.(JEC)
Jacobs Engineering Group Inc. provides technical, professional, and construction services to various industrial, commercial, and governmental clients. It offers project services that include engineering, design, architectural, interiors, planning, environmental, and other services; and process, scientific, and systems consulting services, including services performed in connection with scientific testing, analysis, and consulting activities, as well as information technology, and systems engineering and integration activities. The company also provides construction services comprising traditional field construction services, modular construction activities, and direct-hire construction and construction management services; and operations and maintenance services that include services performed in connection with operating facilities on behalf of clients, as well as services involving process plant and facilities maintenance. In addition, it provides systems integration and communication, information technology, and data security solutions for supporting the intelligence community, the U.S. Department of Defense, and federal civilian customers. The companys customers include companies operating in various industries and markets, such as oil and gas exploration, production, and refining; aerospace, defense, and environmental programs; chemicals and polymers; mining and minerals; pharmaceuticals and biotechnology; infrastructure and telecommunications; buildings; power; pulp and paper; technology and manufacturing; and food and consumer products, and others. Jacobs Engineering Group Inc. provides its services through approximately 200 offices located primarily in North America, South America, Europe, the Middle East, Australia, Africa, and Asia. The company was founded in 1947 and is headquartered in Pasadena, California.
- [By Max Byerly]
A number of analysts have recently issued reports on the stock. Seaport Global Securities assumed coverage on shares of Jacobs Engineering Group in a report on Thursday, November 15th. They issued a “buy” rating and a $91.00 price objective on the stock. Robert W. Baird set a $83.00 price objective on shares of Jacobs Engineering Group and gave the company a “buy” rating in a report on Wednesday, February 20th. Cowen set a $82.00 price objective on shares of Jacobs Engineering Group and gave the company a “buy” rating in a report on Wednesday, February 20th. Citigroup set a $83.00 price objective on shares of Jacobs Engineering Group and gave the company a “buy” rating in a report on Wednesday, February 20th. Finally, ValuEngine downgraded shares of Jacobs Engineering Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 21st. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $81.71.
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Jacobs Engineering Group Company Profile
- [By Max Byerly]
Prio Wealth Limited Partnership lessened its stake in shares of Jacobs Engineering Group Inc (NYSE:JEC) by 2.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,116 shares of the construction company’s stock after selling 163 shares during the period. Prio Wealth Limited Partnership’s holdings in Jacobs Engineering Group were worth $357,000 at the end of the most recent reporting period.
- [By Ethan Ryder]
Jacobs Engineering Group Inc (NYSE:JEC) hit a new 52-week high during trading on Wednesday . The company traded as high as $77.99 and last traded at $77.54, with a volume of 44770 shares traded. The stock had previously closed at $77.20.
- [By Stephan Byrd]
Voya Investment Management LLC cut its position in shares of Jacobs Engineering Group Inc (NYSE:JEC) by 57.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,502 shares of the construction company’s stock after selling 77,987 shares during the quarter. Voya Investment Management LLC’s holdings in Jacobs Engineering Group were worth $3,651,000 at the end of the most recent reporting period.