Up the markets go to a new record high this Thursday in a trend we've become used to. Bullish investors may have earlier predicted that the Dow Jones Industrial Average (DJINDICES: ^DJI ) could climb to the 15,000 mark by the end of the year, but now it could hit that by the end of the week, given a stellar session tomorrow. As of 2:25 p.m. EDT, the blue-chip index has picked up 52 points, or 0.35%, despite a devastating report on PC sales that has sent shockwaves through the tech sector. Let's catch up on what you need to know.
Is the PC down for the count?
It's no secret that the PC's rein atop the consumer market has been dismantled by the rise of mobile, but today's IDC report on last quarter's PC sales showed the worst decline in recorded history. IDC, a research firm that has tracked sales since 1994, reported that PC shipments fell 14% during the quarter -- far more than the 7.7% the firm had predicted. The number of PCs shipped was the lowest since mid-2009, and the dismal quarter marked the fourth straight quarter of falling year-over-year PC shipments.
Hot Wireless Telecom Stocks To Invest In Right Now: Park Sterling Bank(PSTB)
Park Sterling Corporation operates as a bank holding company for Park Sterling Bank that provides banking products and services in North Carolina and South Carolina. The company provides a range of banking products, including personal and business checking accounts, individual retirement accounts, business and personal money market accounts, certificates of deposit, overdraft protection, safe deposit boxes, and online banking. Its lending activities include various short-to-medium term commercial, real estate, residential mortgage and home equity, and personal loans. The company serves small and mid-sized businesses, owner-occupied and income producing real estate owners, real estate developers and builders, professionals, and consumers doing business or residing within its target markets through branches. Park Sterling Corporation is headquartered in Charlotte, North Carolina.
Advisors' Opinion:- [By Philip]
Shares of Park Sterling Corp.(PSTB) of Charlotte, N.C., closed at $4.00 Friday, down 35% year-to-date. Based on the consensus price target of $6.20, the shares have 55% upside potential.
Park Sterling was formed on October 6, 2010 to serve as the holding company for Park Sterling Bank, which was chartered in September 2008. The company is rapidly expanding, and -- as is typical for a "de novo" bank -- has not yet achieved consistent profits.
On Nov 1. Park Sterling completed its acquisition of Community Capital Corp. of Greenwood, S.C., to double the company's size to $1.2 billion, with 22 branches. James Perry remains as Park Sterling's CEO, with Bill Stevens, the former CEO of Community Capital, remaining as the combined company's CEO for its South Carolina market area.
Park Sterling reported a third-quarter net loss of $1.4 million, or 5 cents a share, improving from losses of $3.1 million, or 11 cents a share the previous quarter, and $3.7 million, or 23 cents a share, a year earlier.
KBW analyst Jefferson Harralson on Nov. 3 reiterated his "Outperform" or "Buy" rating for Park Sterling, with a $5.60 price target, saying he would expect the company to continue leveraging its excess capital by announcing "its next deal within the next six months."
The consensus among analysts is for Park Sterling to swing to post a fourth-quarter net loss of 2 cents a share, followed by earnings of 2 cents a share in 2012.
All three analysts covering Park Sterling rate the shares a buy.
Hot Wireless Telecom Stocks To Invest In Right Now: National Fuel Gas Company(NFG)
National Fuel Gas Company, through its subsidiaries, operates as a diversified energy company primarily in the United States. The company operates through four segments: Utility, Pipeline and Storage, Exploration and Production, and Energy Marketing. The Utility segment sells natural gas or provides natural gas transportation services to approximately 727,000 customers in Buffalo, Niagara Falls, and Jamestown, New York; and Erie and Sharon, Pennsylvania. The Pipeline and Storage segment provides interstate natural gas transportation and storage services for affiliated and nonaffiliated companies through an integrated gas pipeline system; and 27 underground natural gas storage fields, as well as 4 other underground natural gas storage fields owned and operated jointly with other interstate gas pipeline companies. This segment also transports natural gas for industrial customers and power producers in New York State. It owns the Empire Pipeline, a 157-mile pipeline; and the Empire Connector, which is a 76-mile pipeline extension. The Exploration and Production segment engages in the exploration for, and the development and purchase of natural gas and oil reserves in California, in the Appalachian region of the United States, and in the Gulf Coast region of Texas and Louisiana. As of September 30, 2009, this segment had proved developed and undeveloped reserves of 46,587 thousand barrels of oil and 248,954 million cubic feet equivalent of natural gas. The Energy Marketing segment markets natural gas to industrial, wholesale, commercial, public authority, and residential customers primarily in western and central New York and northwestern Pennsylvania. The company also develops and operates mid-range independent power production and landfill gas electric generation facilities. National Fuel Gas Company was founded in 1902 and is based in Williamsville, New York.
Advisors' Opinion:- [By Glenn]
Director of National Fuel Gas Co., R D Cash, bought 2,000 shares on 9/15/2011 at an average price of $59.09. National Fuel Gas Co. is engaged in the business of owning and holding securities issued by its subsidiary companies. National Fuel Gas Co. has a market cap of $4.89 billion; its shares were traded at around $59.09 with a P/E ratio of 22.3 and P/S ratio of 2.8. The dividend yield of National Fuel Gas Co. stocks is 2.4%. National Fuel Gas Co. had an annual average earnings growth of 2.1% over the past 10 years.
On August 4, National Fuel Gas Company announced consolidated earnings for the third quarter of fiscal 2011. Earnings for the third quarter were $46.9 million, or $0.56 per share, an increase of $4.3 million, or $0.05 per share, compared to the prior year’s third quarter earnings of $42.6 million or $0.51 per share.
Production, Utility, and Energy Marketing segments, and the All Other category.
In September, Director R D Cash bought 2,000 shares of NFG stock. Director Stephen E Ewing bought 1,700 shares in August. Director Rolland E Kidder sold 1,000 shares the same month.
5 Best Warren Buffett Stocks For 2014: inmarsat ord eur0.0005(ISAT.L)
Inmarsat plc provides mobile satellite communications services for use on land, at sea, and in the air worldwide. The company offers fixed, portable, and vehicular voice and broadband data services, which enable access to office-based applications, such as email, Internet, or VPN access, as well as other applications, including videoconferencing, telemedicine, or live broadcasting. It also provides low data rate messaging, tracking, and monitoring for fixed or mobile assets; and mobile voice communications or fixed-line solutions offering connectivity for areas outside of cellular coverage. In addition, the company offers maritime broadband data and voice services; voice, fax, and data communications for both ocean-going and coastal vessels; maritime satellite phone services for use on smaller vessels; satellite communications services for global maritime distress and safety system; and crew calling services for vessel operators and shipowners. Further, it provides voice a nd data communications services for cockpit, cabin, operational, and in-flight data applications, such as voice, email, Internet and intranet access, large file transfer, and videoconferencing; and aeronautical services that support voice, data, and safety communications used by airlines and corporate jet operators. Additionally, the company offers mobile and fixed-site remote telecommunications services; turnkey remote telecommunications solutions; value-added services; and equipment and engineering services, as well as provides technical support to other operators, conference facilities, and office space leasing. It owns and operates a fleet of 11 geostationary satellites. The company provides its services through third party distribution partners and service providers. It serves the oil and gas, construction, media, aviation, maritime, utilities, mining, aid, and transportation sectors. Inmarsat plc was founded in 1979 and is headquartered in London, the United Kingdom.
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