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canadian penny stocks
This week, 3 Textiles Apparel Luxury Goods stocks are improving their overall rating on Portfolio Grader. Each of these rates an A ( strong buy ) or B overall ( buy ).
Culp, Inc. s (CFI) ratings are looking better this week, moving up to a B from last week s C. Culp, Inc. manufactures, sources, and markets mattress fabrics used for covering mattresses and box springs, and upholstery fabrics mainly for use in production of upholstered furniture. For more information, get Portfolio Grader s complete analysis of CFI stock.
The rating of Delta Apparel, Inc. (DLA) moves up this week, rising from a D to a B. Delta Apparel, Inc. is an international design, manufacturing, sourcing and marketing company that features a diverse portfolio of high quality branded and private label activewear apparel and headwear. The company also gets A s in operating margin growth and free cash flow. For more information, get Portfolio Grader s complete analysis of DLA stock.
canadian penny stocks: First Commonwealth Financial Corporation(FCF)
The last year Netflix generated positive free cash flow (FCF), was 2010, which happens to coincide with the year it began significantly increasing its content library, per Figure 2 above. Since then, Netflix has burned through cumulative $3.6 billion in cash, per Figure 3, and the cash burn is only accelerating. In 2015, NFLX s FCF sat at -$1.6 billion, and over the last twelve months, FCF has worsened to -$1.9 billion.
canadian penny stocks: G K Services, Inc.(GK)
We maintain our positive view toward Cintas, particularly as G K Services (GK) is likely to bolster Cintas s growth potential over the next few years. However, after strong appreciation since the G K announcement last August, we believe that much of the good news is already priced in at 25x/22x our pro-forma FY18/FY19 adjusted EPS estimates. As a result, we rate CTAS Sector Perform and await a better entry point.
canadian penny stocks: Air Industries Group(AIRI)
Air Industries Group Inc. (AIRI), an aerospace and defense company, designs and manufactures structural parts and assemblies that focus on flight safety. Sept. 17, the company increased its quarterly dividend 100% to $0.125 per share. The dividend is is payable Oct. 15, 2013 to shareholders of record as of the close of business on Sept. 30, 2013. The yield based on the new payout is 6.9%.
canadian penny stocks: Foot Locker, Inc.(FL)
The market remains resistant (Rs over Ss and Ns). Brokerages, banks and insurance companies continue their league-leading strength. The Russell 2000 Index is up for the 15th consecutive day. Retail extends yesterday s strength. Nordstrom (JWN) , Macy s (M) , Best Buy (BBY) , Target (TGT) , Walmart (WMT) , Foot Locker (FL) and JCPenney (JCP) are strong. First day down for Amazon (AMZN) . Agricultural commodities are lackluster, but soybeans are up another up $0.05 today, up substantially for three days in a row. Speculative biotech (Sage (SAGE) , FibroGen (FGEN) , Acadia Pharmaceuticals (ACAD) and Aerie Pharmaceuticals (AERI) ) stronger after recent weakness. Ag equipment up big time after the Deere (DE) beat.
Wall Street ended Friday with slight losses after a string of earnings disappointments from the retail sector with players such as Gap (GPS) , Abercrombie Fitch (ANF) , and Footlocker (FL) posting results.
Dick s Sporting Goods (DKS) issued weak guidance for its fourth quarter, but managed to surpass third-quarter profit and sales forecasts. Foot Locker (FL) reported in-line quarterly sales and better-than-expected profit. Gross margins rose to 33.9% from 33.8%, while revenue increased nearly 6% to $1.89 billion.
Barron s has recommended Foot Locker (FL) shares several times in recent years, going back to 2009, when the shares traded for about $10. They recently fetched $64, up 12% since our most recent story ( Foot Locker: Still Running Fast, March 9). They hit $75 in September, and could regain lost ground and then some over the next year.
Foot Locker is benefitting from a long shift toward casual and athletic fashion. It also has a close relationship with Nike (NKE) and secures plenty of exclusive shoes, which helps protect the business from being undercut by Amazon. Nike shares have jumped 26% over the past six months on stellar earnings reports. That stock goes for over 30 times earnings, reflecting investor expectations of rapid growth for years to come. Foot Locker shares, at less than 16 times earnings, offer inexpensive exposure to Nike s success. The retailer is also helping itself with store remodelings and a turnaround of its Lady Foot Locker chain. It has invested in recent years in Europe, where footwear sales are highly fragmented. That could pay off when Europe s economy rebounds. For now, Wall Street predicts low-double-digit earnings growth over the next two years, and Foot Locker has made a habit of hurdling estimates.