In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.
In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.
Key Points: The Consumer Discretionary Sector continues to have several names as leadership. (ex. NWHM, DLA, DDS, DLTH, LAZY, and BGFV) Biotechnology has several leadership names. (ex. ALDX, CRSP, ANAB, NTLA, IMGN, DCPH, RAPT, IOVA, CBAY, EIDX, RTRX, CLPT, KALV, and SAGE)
S&P 500 and S&P 600 testing resistance We continue to believe the market is going through a bottoming process. At the same time we acknowledge the market remains at short-term overbought extremes and is contending with resistance. Resistance levels we are monitoring include 2,810-2,817 on the S&P 500 and the 200-day moving average on the S&P 600 Small Cap index... see charts below. We would welcome some consolidation or a mild pullback which would be a healthy correction of the current extende...
On March 7, 2018, NACCO Industries, Inc. (NYSE: NC, $40.95, Market capitalization: $283.5 million) reported solid 4Q17 results with a mid-single digit revenue growth and recording profit for the quarter. Company Description NACCO Industries, Inc. Incorporated on February 18, 1986 and headquartered in Cleveland, Ohio, NACCO Industries (NYSE: NC) is an operating holding company which mines coal primarily for use in power generation and provided value-added services for natural resource compani...
On November 1, 2017, NACCO INDUSTRIES, INC. (NYSE: NC,$38.85, Market capitalization: $265.9 million) reported subdued set of results with a decline in revenues. The consolidated revenues of the company stood at $21.9 million in 3Q17, down 32% YOY, due to substantial decrease in tons sold at Mississippi Lignite Mining Company. Operating profit in 3Q17 was $7 million as against an operating loss of $12.8 million in 3Q16. Note that 3Q16 results were impacted by a noncash asset impairment charge of ...
On August 21, 2017, NACCO Industries, Inc. had announced that its wholly owned subsidiary, Hamilton Beach Brands Holding Company had filed a registration statement with the U.S. Securities and Exchange Commission (SEC) relating to the separation of its housewares-related businesses via a tax-free spin-off. On October 2, 2017, NACCO Industries, Inc. (NYSE:NC, $32.65, Market Capitalization $223.2 million) completed the tax-free spin-off of Hamilton Beach Brands Holdings Company (NYSE:HBB, $30.23, ...
On October 2, 2017, NACCO Industries, Inc. (NYSE: NC, $32.65, Market Capitalization $223.2 million) completed the taxfree spin-off of Hamilton Beach Brands Holdings Company (NYSE: HBB, $30.23, Market Capitalization $413.3 million). Post separation, both companies began trading ‘Regular-Way’ on 10/2. Through the spin-off, NACCO stockholders received one share of Class A common stock and one share of Class B common stock of Hamilton Beach Brands Holding Company for each share of NACCO’s Class A o...
NC and HBB Began When-Issued Trading; Buy NC at CMP and short the when-issued stocks: one share (NC-W) and two shares (HBB-W). On September 26, 2017, Class A shares of Hamilton Beach Brand Holding Company started trading on a ‘when-issued’ basis on NYSE under the symbol “HBB-W”. Shares of HBB opened at $35.00, traded in the range of $31.00 to $35.00 before closing at $31.00. Similarly, shares of NC on ‘ex-distribution’ market opened at $52.00 and remained flat to close at the same level. Compa...
Record Date: 9/26; Distribution Date: 9/29 On September 18, 2017, the Board of Directors of NACCO Industries, Inc. (NYSE: NC, $81.95, Market Capitalization $560.3 million), declared a stock dividend of one share of Hamilton Beach Brands Holding Company (NYSE: “HBB”) Class A common stock and one share of Class B common stock for each share of NACCO’s Class A or Class B common stock outstanding on the record. The dividend is payable on both the Class A and Class B Common Stock and will be distrib...
On August 21, 2017, NACCO Industries (NYSE: NC, $73.15, Market Capitalization $500.1million) announced that its wholly owned subsidiary, Hamilton Beach Brands Holding Company, has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) relating to the separation of its housewares-related businesses via a tax-free spin-off. The transaction is expected to be completed by 3Q17 subject to the customary conditions including the effectiveness of the registration statemen...
On August 21, 2017, NACCO Industries (NYSE: NC, $71.55, Market Capitalization $489.2 million) announced that its wholly owned subsidiary, Hamilton Beach Brands Holding Company, has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) relating to the separation of its housewares-related businesses via a tax-free spin-off. Company Description NACCO Industries, Inc. (Parent) Incorporated on February 18, 1986 and headquartered in Cleveland, Ohio, NACCO Industries (...
Ford Equity Research covers more than 4,000 stocks using a proprietary quantitative model that evaluates a company’s earnings strength, its relative valuation and recent price movement. Ford’s five recommendation ratings include strong buy, buy, hold, sell, strong sell. For all stocks in our coverage universe, ratings are generated each week and reflect the fundamental and price data as of the last trading day of the week.
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