It was an ugly day from the get-go, and we have none other than Japan to thank for today's sizable swoon in the S&P 500 (SNPINDEX: ^GSPC ) .
Many investors had expected the Bank of Japan to provide further easing measures, but outside of announcing a $1.4 trillion stimulus program two months ago, it�didn't offer any additional assurances to investors. That didn't sit particularly well with U.S. investors, who are already concerned that the Federal Reserve is going to roll back its $85 billion in bond purchases sooner rather than later and slow the U.S. economy to a crawl.
By the time roll call was done at the end of the day, the optimists were notably absent, with the S&P 500 falling by 16.68 points (-1.02%), to close at 1,626.13. In spite of today's negativity, three stocks decisively bucked the trend to the upside.
Video game and gaming accessories retailer GameStop (NYSE: GME ) once again topped the list, up 7.8%, after an official announcement from Microsoft (NASDAQ: MSFT ) that it will not charge users a fee to play used games on its next-generation console, the Xbox One. This news comes on the heels of Sony�also announcing that it would allow users to play used games on its new PlayStation 4. This is a key win for GameStop which generates a vast portion of its profits from the purchasing and reselling of used games. In addition, it also clears the way for next-generation console sales -- such as the Xbox One -- to soar as penny-pinching gamers will no longer have to worry as much about paying top dollar for new games.
Best Freight Stocks To Buy For 2015: Star Gas Partners L.P.(SGU)
Star Gas Partners, L.P., through its subsidiaries, operates as a home heating oil distributor and services provider in the United States. It provides its services to residential and commercial customers to heat their homes and buildings. As of March 31, 2011, the company served approximately 408,000 full-service residential and commercial home heating oil, and propane customers. It also sold home heating oil, gasoline, and diesel fuel to approximately 40,000 customers. In addition, Star Gas Partners installed, maintained, and repaired heating and air conditioning equipment, as well as provided ancillary home services, including home security and plumbing to approximately 11,000 customers. Kestrel Heat, LLC operates as the general partner of the company. Star Gas Partners, L.P. was founded in 1995 and is headquartered in Stamford, Connecticut.
Advisors' Opinion:- [By Louis Navellier]
Star Gas Parnters (SGU) is in the home heating oil and propane business in the Northeast and mid-Atlantic regions of the U.S. The company has used smart acquisitions of smaller competitors to become the nation’s largest retail distributor of home heating oil — Star Gas sells heating oil to about 450,000 residential and commercial customers in its region.
5 Best Penny Stocks To Invest In 2014: BGC Partners Inc.(BGCP)
BGC Partners, Inc. operates as a financial intermediary to the financial markets specializing in the brokering of various financial products. It provides electronic marketplaces, including government bond markets, spot foreign exchange, foreign exchange options, corporate bonds, and credit default swaps in various financial markets through its eSpeed- and BGC Trader- branded trading platform which can be accessed through its high speed data network, over the Internet, or third party communication networks. The company?s brokerage services include trade execution, broker-dealer services, clearing, processing, information, and other back office services, as well as cover various products, including fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commodities, futures, and structured products. It also provides financial technology solutions, market data, and analytics related to financial instruments and markets . In addition, the company offers customized screen-based market solutions, which enables its clients to develop a marketplace, trade with their customers, issue debt, trade odd lots, access program trading interfaces, and access its network and intellectual property. Further, it licenses intellectual property portfolio and software solutions to various financial markets participants; and provides software development, software maintenance, customer support, infrastructure, and internal technology services to support electronic trading platforms. The company serves banks, broker-dealers, investment banks, trading firms, hedge funds, governments, investment firms, professional trading firms, futures commission merchants, and other professional market participants and financial institutions in the United States, the United Kingdom, France, Asia, Europe, Africa, the Middle East, and other Americas. The company was founded in 1999 and is based in New York, New York.
Advisors' Opinion:- [By Eric Volkman]
BGC Partners (NASDAQ: BGCP ) is waxing optimistic about its current quarter. The company updated its previously issued guidance, indicating that its nearly complete Q2 will come in at the higher end of the range for revenues and EPS. The former was for distributable earnings revenue of $435 million-$465 million, while the latter anticipated pre-tax distributable earnings of $42 million-$53 million.
5 Best Penny Stocks To Invest In 2014: Terra Nova Royalty Corporation(TTT)
Terra Nova Royalty Corporation operates as a mineral royalty company in Canada. It owns a royalty stream on the Wabush iron ore mine located in Labrador Newfoundland. The company was formerly known as KHD Humboldt Wedag International Ltd. and changed its name in March 2010 to Terra Nova Royalty Corporation as a result of spin off of KHD Humboldt Wedag International Ltd. Terra Nova Royalty Corporation is based in Vancouver, Canada.
Advisors' Opinion:- [By Donald van Deventer]
Long-duration Treasury Exchange-Traded Funds: (TLH), , (IEF), (DTYL), (DLBL), (ILTB), (TENZ), (ITE), (TLO), (EDV), (VGIT), (VGLT), (TMF), (TYD), (LBND), (UBT), (UST), (TMV), (TYO), (DSTJ), (DSXJ), (SBND), (PST), (DTYS), (DLBS), (TBF), (TTT), (TYNS), (TYBS), (TBX).
5 Best Penny Stocks To Invest In 2014: Brocade Communications Systems Inc.(BRCD)
Brocade Communications Systems, Inc. supplies networking equipment comprising end-to-end Internet protocol based Ethernet and storage area networking solutions. Its Data Storage segment provides infrastructure products and solutions, including directors, switches, routers, fabric-based software applications, distance/extension products, management applications, and utilities to centralize data management; and host bus adapters, converged network adapters, mezzanine cards, and switch modules for bladed servers. The company?s Ethernet Products segment offers Open Systems Interconnection Reference Model (OSI) Layer 2-3 switches and routers, which enable the use of bandwidth-intensive network business applications and digital entertainment on local area networks and wide area networks; and OSI Layer 4?7 switches that allow enterprises and service providers to build network infrastructures to direct the flow of traffic, and file area network products and associated management s olutions. The company?s Global Services segment provides break/fix maintenance, extended warranty, installation, consulting, network management, and related software maintenance and support services; consulting and support services that assist customers in designing, implementing, deploying, and managing networking solutions; and post-contract customer support and extended warranties. It serves various businesses and organizations, which include global enterprises and service providers, such as telecommunication firms, cable operators, and mobile carriers. The company has a strategic partnership with LG-Ericsson. It offers its products and services to end-user customers directly, and through various distribution partners comprising original equipment manufacturers, distributors, systems integrators, and value-added resellers in the United States, western Europe, Japan, and the greater Asia Pacific region. The company was founded in 1995 and is headquartered in San Jose, Cali fornia.
Advisors' Opinion:- [By amal.singh70]
Analysts forecast the Global SAN (Storage Area Networks) market to grow at a CAGR of 8.42 percent from 2012 to 2016. One of the key factors contributing to this market is the improved scalability facilitated by SAN solutions. The Global SAN market has also been witnessing an increasing adoption of Fiber Channel over Ethernet (FCoE) solutions. However, the high cost of FC SAN solutions could pose a headwind to the growth of this market. Brocade Communications�(BRCD) has been steadily gaining a wider market share, which influences growth in its stocks prices. This year, Brocade's share price has gained 18.3%, and the momentum should continue providing healthy returns to investors.
- [By Holly LaFon]
Some of Elliott Management�� top equity positions in the first quarter 2012 are Brocade Communications Systems (BRCD), Delphi Automotive (DFG), Iron Mountain (IRM) and News Corp. (NWS).
- [By Rick Munarriz]
Thursday
Brocade (NASDAQ: BRCD ) steps up on Thursday. The provider of fabric-based data center networking solutions is one of the few companies expected to post flat financial results next week. Analysts see Brocade clocking in with a profit of $0.15 a share, flat with last year's showing. - [By Jake L'Ecuyer]
Shares of Brocade Communications Systems (NASDAQ: BRCD) got a boost, shooting up 8.40 percent to $8.77 after the company reported a better-than-expected Q4 profit.
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