Yesterday's combination of horrible news, including the tragic explosion in Boston and troubling concerns on the economic front, left investors shaken. Yet this morning, the regular business of the market appeared to calm investors' fears, as some favorable news on the earnings front helped investors refocus on signs of improvement for the U.S. economy. By 10:45 a.m. EDT, the Dow Jones Industrials (DJINDICES: ^DJI ) were up more than 65 points, albeit putting only a small dent in yesterday's 266-point drop. Broader markets saw similar gains of about half a percent.
The big winner among the 30 Dow stocks is Coca-Cola (NYSE: KO ) , which has spiked by more than 5% after releasing highly encouraging earnings. Although revenue dropped by 1%, overall sales volume posted a 4% gain, and the company's adjusted earnings-per-share figure beat estimates by a penny despite some adverse calendar effects in comparison with last year's quarter. Moreover, investors responded favorably to Coke's decision to sell off some of its U.S. distribution assets to its team of independent bottlers. Although long-term trends may reassert themselves at some point, Coke's news shows that counting the soft-drink giant out isn't a smart move.
Best Penny Stocks For 2014: Central Federal Corporation(CFBK)
Central Federal Corporation operates as the holding company for CFBank that provides various financial services. It accepts various deposit products that include savings accounts, retail and business checking accounts, money market accounts, and certificates of deposit. The company?s loan portfolio comprises commercial, commercial real estate, and multi-family mortgage loans; single-family real estate loans; construction, land, and land development loans; and consumer loans, including home equity lines of credit, automobile loans, home improvement loans, and loans secured by deposits. It also provides online Internet banking, mobile banking, remote deposit, corporate cash management, and telephone banking services. Central Federal Corporation operates through four branch offices located in Summit, Columbiana, and Franklin Counties, Ohio. The company was formerly known as Grand Central Financial Corp. The company was founded in 1892 and is headquartered in Fairlawn, Ohio.< /p> Advisors' Opinion:
- [By Curtis]
Central Federal is the holding company for CFBank, an Ohio-based community-oriented financial institution offering financial services.
Shares rallied in January after Central Federal said it had regained compliance with the Nasdaq's minimum bid price requirement. The stock was subject to delisting if it didn't close above $1 a share for a period of time. In February, Eloise Mackus, who had been serving as the company's interim CEO since May 2010, was officially appointed to the top executive position.
Current Share Price: $1.39 (March 29)
First Quarter Total Return: 172%
Analyst Ratings: Central Federal isn't followed by research analysts. However, TheStreet Ratings has a "sell" recommendation on Central Federal, noting "disappointing return on equity and weak operating cash flow."
Best Penny Stocks For 2014: Integrated Silicon Solution Inc.(ISSI)
Integrated Silicon Solution, Inc., a fabless semiconductor company, designs and markets integrated circuits for digital consumer electronics, networking and telecommunications, mobile communications, automotive electronics, and industrial markets. Its primary products include low and medium density DRAM; and high speed and low power SRAM. The company?s low and medium density DRAM products are used in wireless local area networks (WLANs), base stations, networking switches and routers, fiber to the home (FTTH), DSL and cable modems, set top boxes, digital cameras, MP3, flat panel TVs, LCD TVs, HDTVs, video phones, Voice over Internet Protocol, printers, disk drives, tape drives, audio/video equipment, instrumentation, global positioning systems (GPS), telematics, infotainment, smart meters, and other applications. Its SRAM products are used in WLANs, cell phones, base stations, networking switches and routers, FTTH, DSL modems, LCD TVs, set-top boxes, GPS systems, instrumen tation, engine control systems, medical equipment, telematics, audio and video equipment, satellite radio, POS terminals, fax machines, copiers, tape drives, and other applications. Integrated Silicon Solution, Inc. also designs and markets application specific standard products, including high performance serial EEPROMs for use in TVs, networking systems, modems, telephone sets, security systems, video games, automobiles, and other consumer products; and SmartCards that have applications in transportation passes, payment cards, health care cards, and other cards that store secure data. The company markets and sells its products in Asia, the United States, and Europe through direct sales force, independent sales representatives, and distributors. Integrated Silicon Solution, Inc. was founded in 1988 and is headquartered in San Jose, California.
Advisors' Opinion:- [By Arohan]
ISSI is another memory chip designer and marketer. It is a fabless semiconductor company so it outsources its manufacturing. The market currently values the company at $283 million ascribing a PE ratio of 4.75. The company has delivered an EPS growth of 39% in the last 5 years and its future outlook appears to be of modest growth as well, with a slight decline in the up coming year. The company has $88 million in cash and no debt and is well positioned to handle the slowdown in demand next year.
Best Penny Stocks For 2014: Teleflex Incorporated(TFX)
Teleflex Incorporated designs, manufactures, and distributes specialty medical devices for a range of procedures in critical care and surgery worldwide. It offers disposable medical products for critical care that includes medical devices used in critical care procedures for vascular access, respiratory care, anesthesia and airway management, treatment of urologic conditions, and other specialty procedures; and devices used in the treatment of patients with severe cardiac conditions, including intra aortic balloon pump systems and intra aortic balloon catheters and accessories. The company also provides surgical devices and instruments used in general and specialty surgical procedures, such as ligation and closure products, including appliers, clips, and sutures; access ports used in minimally invasive surgical procedures comprising robotic surgery; fluid management products for chest drainage; and hand-held instruments for general and specialty surgical procedures under t he Deknatel, Pleur-evac, Pilling, Taut, and Weck brand names. In addition, it offers cardiac care products, including diagnostic catheters and capital equipment; instruments and devices for other medical device manufacturers; and customized medical instruments, implants, and components to original equipment manufacturers. The company sells its medical products through its sales forces, and independent representatives and distributor networks. Teleflex Incorporated was founded in 1938 and is based in Limerick, Pennsylvania.
Best Penny Stocks For 2014: Ruth's Hospitality Group Inc.(RUTH)
Ruth?s Hospitality Group, Inc., together with its subsidiaries, operates restaurants in the United States and internationally. It operates the Ruth?s Chris Steak House, Mitchell?s Fish Market, Columbus Fish Market, Mitchell?s Steakhouse, and Cameron?s Steakhouse restaurant concepts in the full-service dining industry. The company?s restaurants cater to families, special occasion diners, and business clientele. As of December 27, 2009, it owned or operated 152 restaurants, including 64 company-owned Ruth?s Chris Steak House Company restaurants, 66 Ruth?s Chris Steak House franchise restaurants, 19 company-owned Mitchell?s Fish Markets, and 3 company-owned Mitchell?s Steakhouse restaurants. The company was formerly known as Ruth?s Chris Steak House, Inc. and changed its name to Ruth?s Hospitality Group, Inc. in February 2008. Ruth?s Hospitality Group, Inc. was founded in 1965 and is headquartered in Heathrow, Florida.
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