The week started off with a bang for U.S. equities after fears of geopolitical tensions caused by the Syria missile strike calmed down. The S&P 500 Index gained 0.8%, the Dow Jones Industrial Average surged 0.9% and the Nasdaq Composite was up 0.7% at day’s end.
These stocks following all made headlines after the bell Monday on earnings reports and one of these companies inking a major deal.
Here’s what you should know.
Top Financial Stocks To Invest In 2019: Profire Energy, Inc.(PFIE)
Profire Energy, Inc. (NASDAQ:PFIE) is a niche player in the oil and natural gas sector. And as this sector makes its resurgence along with the global economy, its business is ready to grow.
As a matter of fact, PFIE stock is already up 140% so far this year.
Profire specializes in burner management. In the oil and natural gas industry, various equipment like line heaters, separators, dehydrators and amine reboilers are used to make and transport petrochemicals. These applications require heat, and that’s where PFIE products come into play.
Founded in Canada, it has reach across the entire North American energy patch. And as more pipelines and wellheads open up, so will PFIE’s business.
Top Financial Stocks To Invest In 2019: Green Plains, Inc.(GPRE)
The United States produces over 15.5 billion gallons of ethanol per year, or about 1 million barrels per day. That level of output easily sits atop the global leaderboard, owing to America’s envious agricultural lands, and has led to soaring international demand for American ethanol. Green Plains (NASDAQ: GPRE) is well-positioned to cash-in on ethanol exports to countries looking to reduce the carbon-intensity of their transportation fleets, but there’s plenty more to the business than that.
North America’s second-largest ethanol producer is also the world’s largest manufacturer of vinegar (which is produced from ethanol) and America’s fourth-largest cattle feedlot owner (which utilize corn byproducts from the ethanol manufacturing process). Green Plains’ vertical integration up and down the renewable products value chain increases its operating efficiency and has greatly diversified earnings. It may only be a matter of time before Wall Street takes notice.
Top Financial Stocks To Invest In 2019: Phillips 66(PSX)
Refining giant Phillips 66 (NYSE:PSX) and Canadian energy infrastructure behemoth Enbridge(NYSE:ENB) initially pitched Gray Oak to oil shippers in early December. At the time, they envisioned a 385,000 barrel-a-day pipeline that would move crude from several connection points in West Texas to refineries and export docks along the Texas coast starting in the second half of 2019.
The project has evolved since then. Phillips 66 is no longer a direct investor in the pipeline, choosing instead to have its master limited partnership (MLP) Phillips 66 Partners take the lead. The MLP will hold a 75% interest in the joint venture (JV) building the project. Enbridge, likewise, won’t initially invest in the project but instead is one of the third parties that has the option to acquire up to a 32.75% interest from Phillips 66 Partners. Joining Phillips 66 Partners will be refiner Andeavor (NYSE:ANDV), which will own a 25% interest in the JV.
Not only has the ownership structure changed, but so has the scope of the project. Phillips 66 Partners now envisions a 700,000 barrel per day oil pipeline, which could ultimately move up to 1 million barrels per day if they secure additional contracts with shippers. Further, the pipeline will transport oil not just from producers in the Permian but also from the Eagle Ford Shale in South Texas.
On top of building this pipeline, Phillips 66 Partners and Andeavor have teamed up with Buckeye Partners (NYSE:BPL) to construct a new marine terminal in Corpus Christi, Texas. Buckeye will operate the South Texas Gateway Terminal and own a 50% stake in the JV while Phillips 66 Partners and Andeavor will split the remaining 50% interest. Both projects should enter service by the end of 2019.