Image source: Nike.
What happenedShares of Nike Inc (NYSE:NKE) dropped around 19% throughout 2016, according to data provided by S&P Global Market Intelligence, making it the worst-performing stock in the Dow during the year. The behemoth athletic wear maker has had difficulty during the year with slowing sales growth and declining margins -- but mostly it struggled to regain positive sentiment from Wall Street for the impressive moves it's been making.
So whatIn the company's fiscal Q2 earnings released on Dec. 20, Nike announced sales growth of 6% year over year and earnings up 11%. Both metrics failed to help alleviate worries on Wall Street throughout 2016 that the company's future sales and earnings might not have growth catalysts to drive higher returns. Two of the biggest concerns throughout the year have been decreasing gross margin and slowing futures order sales -- though the company has noted that futures orders don't accurately reflect sales potential because they don't include direct-to-consumer sales estimates. This led Nike to announce in fiscal Q1 that it would stop reporting futures orders figures going forward.
Top 10 Clean Energy Stocks To Watch For 2021: Opko Health Inc(OPK)
OPKO Health, Inc., a pharmaceutical and diagnostics company, engages in the discovery, development, and commercialization of novel and proprietary technologies primarily in the United States, Chile, and Mexico. It provides a range of solutions, including molecular diagnostics tests, proprietary pharmaceuticals, and vaccines to diagnose, treat, and prevent neurological disorders, infectious diseases, oncology, and ophthalmologic diseases. The company offers molecular diagnostic platform technology for the rapid identification of molecules or immunobiomarkers; Alzheimer?s test for Alzheimer?s diagnostic; and protein-based influenza vaccines to provide multi-season and multi-strain protection against various influenza virus strains, such as seasonal influenza strains, as well as global influenza pandemic strains which include swine flu, and avian flu. It also offers Oligonucleotide Therapeutics for the treatment of various illnesses, including cancer, heart disease, metabolic disorders, and genetic anomalies; and oligosaccharide for asthma and chronic obstructive pulmonary diseases. In addition, the company provides Rolapitant, a potent and antagonist; neurokinin-1, which has completed Phase II clinical trials for prevention of chemotherapy induced nausea and vomiting, and post-operative induced nausea and vomiting; and SCH 900978 that has completed Phase II clinical trials for chronic cough. Further, it offers bevasiranib, a drug candidate for the treatment of Wet AMD; and develops Aquashunt, a shunt to be used in the treatment of glaucoma. Additionally, the company involves in the development, commercialization, and sale of ophthalmic diagnostic and imaging systems, and instrumentation products. OPKO Health, Inc. was founded in 2006 and is headquartered in Miami, Florida.
Advisors' Opinion:- [By Motley Fool Transcribers]
Opko Health Inc (NASDAQ:OPK)Q4 2018 Earnings Conference CallFeb. 27, 2019, 4:30 p.m. ET
Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:Operator
- [By Keith Speights]
Shares of Opko Health (NASDAQ:OPK) were tanking 19.6% as of 11:28 a.m. EST on Tuesday. The big drop followed the company's pricing of its offering of $200 million in convertible senior notes. Opko will also issue up to 30 million new shares in connection with the note offering to lend to Jefferies. Purchasers of the convertible senior notes will be able to borrow shares from Jefferies and sell those shares to create a hedge on their investments in the notes.
- [By Shane Hupp]
Opko Health (NASDAQ:OPK)‘s stock had its “buy” rating reaffirmed by Barrington Research in a research note issued on Friday. They presently have a $7.00 price objective on the biotechnology company’s stock. Barrington Research’s price objective points to a potential upside of 102.90% from the stock’s previous close.
- [By Stephan Byrd]
Opko Health Inc. (NASDAQ:OPK) traded up 3.8% during trading on Thursday . The company traded as high as $3.68 and last traded at $3.50. 140,856 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 5,650,111 shares. The stock had previously closed at $3.64.
Top 10 Clean Energy Stocks To Watch For 2021: Alphatec Holdings, Inc.(ATEC)
We are a medical technology company focused on the design, development and promotion of products for the surgical treatment of spine disorders. We have a comprehensive product portfolio and pipeline that addresses the cervical, thoracolumbar and intervertebral regions of the spine and covers a variety of spinal disorders and surgical procedures. Our principal product offerings are focused on the global market for fusion-based spinal disorder solutions. We believe that our products and systems are attractive to surgeons and patients due to enhanced product features and benefits that are designed to simplify surgical procedures and improve patient outcomes. Strategy Our strategy is focused on improving lives by delivering advancements in spinal fusion technologies. Our broad line of spinal products is used to treat many spinal disorders and facilitate the spinal procedures necessary to correct them. Advisors' Opinion:
- [By Alexander Bird]
Here are last week's top-performing penny stocks:
Penny Stock Sector Current Share Price Last Week's Gain JMU Ltd. (NASDAQ: JMU) Utilities $2.22 133.68% Aquabounty Technologies Inc. (NASDAQ: AQB) Healthcare $4.89 116.37% Seelos Therapeutics Inc. (NASDAQ: SEEL) Healthcare $3.39 111.88% Iconix Brand Group Inc. (NASDAQ: ICON) Industrial Goods $0.35 84.23% Pulmatrix Inc. (NASDAQ: PULM) Healthcare $1.77 63.89% Moxian Inc. (NASDAQ: MOXC) Technologies $0.76 60.59% TDH Holdings Inc. (NASDAQ: PETZ) Basic Materials $0.90 57.72% Alphatec Holdings Inc. (NASDAQ: ATEC) Services $2.49 54.66% Tenax Therapeutics Inc. (NASDAQ: TENX) Services $1.99 53.08% Helios and Matheson Analytics Inc. (OTCMKTS: HMNY) Financial $0.01 44.91%As last week's returns demonstrate, penny stocks can generate spectacular returns even when the rest of the market is dipping.
- [By Stephan Byrd]
Stonepine Capital Management LLC bought a new stake in Alphatec Holdings Inc (NASDAQ:ATEC) during the 2nd quarter, HoldingsChannel.com reports. The firm bought 903,224 shares of the medical technology company’s stock, valued at approximately $2,692,000. Alphatec accounts for about 1.6% of Stonepine Capital Management LLC’s portfolio, making the stock its 17th largest holding.
- [By Logan Wallace]
Media stories about Alphatec (NASDAQ:ATEC) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Alphatec earned a news impact score of 0.05 on Accern’s scale. Accern also gave news articles about the medical technology company an impact score of 47.5008469727734 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
- [By Ethan Ryder]
Alphatec (NASDAQ:ATEC) posted its quarterly earnings results on Thursday. The medical technology company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.09), Fidelity Earnings reports. The business had revenue of $22.04 million during the quarter, compared to the consensus estimate of $22.06 million.
Top 10 Clean Energy Stocks To Watch For 2021: Engility Holdings, Inc.(EGL)
Engility Holdings, Inc. (Engility), incorporated on November 18, 2011, is engaged in providing a range of engineering, technical, analytical, advisory, training, logistics and support services. The Company offers a range of services, including technical consulting, program and business support, engineering and technology lifecycle support, information technology (IT) modernization and sustainment, supply chain services and logistics management, training and education to the United States Government personnel around the world. The Company serves various areas, such as intelligence, space architecture and systems engineering, climate change, international capacity development, air traffic management, asymmetric threats, emergency preparedness and response, non-kinetic warfare tactics, techniques and procedures, command, control, communications, computing, intelligence, surveillance and reconnaissance (C4ISR) technology sustainment, IT modernization, modeling and simulation, and training and education.
The Company serves the United States Department of Defense (DoD), the United States Department of Justice (DoJ), the United States Agency for International Development (USAID), the United States Department of State (DoS), Federal Aviation Administration (FAA) and Department of Homeland Security (DHS). Engility also serves the National Geospatial-Intelligence Agency (NGA), Defense Intelligence Agency (DIA), National Reconnaissance Office (NRO), National Aeronautical and Space Administration (NASA), and the United States Air Force.
Engility's organization consists of various accounts, including the United States Army and Other DoD; the United States Navy, the United States Marine Corps and the United States Air Force (excluding Air Force space); National Intelligence; Space; Federal Civilian, and International. The Company's services to the United States Army include training and education as a partner on the Warfighter Focus program; software engineering and field support, and prog! ram management support on the Logistics Modernization Program (LMP). The Company provides mission-specific services to a range of other DoD agencies and offices, including Defense Threat Reduction Agency (DTRA), Defense Health Agency (DHA), Defense Information Systems Agency (DISA), Missile Defense Agency (MDA), Office of the Secretary of Defense (OSD), Joint Interoperability Test Command (JITC) and the United States Transportation Command (TRANSCOM).
The Company provides program support, engineering, IT and training services for the United States Navy. The Company's Navy programs include systems engineering support on the Air 4.1 program under the Seaport Enhanced (SeaPort-e) contract, radar systems engineering and software support to the Port Hueneme Division of Naval Surface Warfare Center (NSWC), and simulation-based tactical warfare training for the United States Navy's Pacific Theater Forces. The Company provides weapons and systems integration support services, software development, independent verification and validation (IV&V), program management and training support to the United States Marine Corps.
The Company's support services to the United States Marine Corps include data management and software support services for the Global Combat Support Systems-Marine Corps (GCSS-MC) Unique Identification (IUID) program, acquisition logistics support to the Extensible MAGTF C2 (EMC2) program, technical engineering and training coordination support to the Marine Corps Intelligence, Surveillance and Reconnaissance Enterprise (MCISR-E), and power-related engineering, analytical, acquisition and business support services to the Program Manager Expeditionary Power Systems (PM EPS) program. The Company provides logistics and sustainment, cybersecurity operations, systems engineering and integration, and modeling and simulation to the United States Air Force.
The Company provides support from data collection, to production and dissemination of intelligence information ! to the in! telligence community. The Company provides a range of services to the Department of Veterans Affairs (VA), including management consulting, health promotion and wellness, preventive medicine, epidemiology, disease surveillance, toxicology and related laboratory sciences. Engility also provides the VA with a range of functional capabilities, including software development, human capital, workforce planning and performance management solutions. On the Veterans Relationship Management program, the Company provides strategic IT portfolio and program management services. On Veterans Benefits Management System (VBMS), Engility provides agile software development services to transition the VA to enable a paperless-based environment for the processing of benefit claims.
The Company provides long-term staffing, process implementation and ongoing reporting for the DoJ's Asset Forfeiture Program. Engility also provides international law enforcement training through DoJ's International Criminal Investigative Training Assistance Program (ICITAP) and provides management systems support to the Federal Bureau of Investigation (FBI). The Company also provides research, analysis and subject matter services to the United States Department of Transportation's (DOT) Volpe Transportation Center and the FAA in support of the NextGen Air Traffic Management System.
The Company provides support to the space community. The Company is an independent systems engineering and integration company for space across the defense and intelligence communities providing enterprise architecture, systems engineering and integration, mission assurance, and IV&V services. Engility works with the United States Agency for International Development (USAID) in areas, such as energy; agriculture and food security; transition and stability; disaster preparedness and response, and water and the environment. The Company also partners with the Department of State providing training and logistics support abroad. As part of the Af! rica Cont! ingency Operations Training and Assistance (ACOTA) program, Engility provides operation-specific training and logistics support. The Company also provides engineering, training and other services directly to foreign Governments. The Company's offering includes the Joint Range Extension (JRE) tactical data link gateway, which provides a means for multipoint, interoperable, long-haul communication data exchange on military aircraft, such as the E-8C JSTARS. The Company also provides tactical shelters to the United States Marine Corps.
The Company competes with Booz Allen Hamilton, CACI International Inc., CSRA Inc., ICF International, Inc., Leidos, ManTech International Corporation, NCI, Inc., Science Applications International Corporation, Sotera, Vencore, AECOM Technology Corporation, BAE Systems, Inc., Computer Sciences Corp, General Dynamics Corporation, Jacobs Engineering Group Inc., Lockheed Martin Corp., Northrop Grumman Corporation and Raytheon Company.
Advisors' Opinion:- [By Joseph Griffin]
Get a free copy of the Zacks research report on Engility (EGL)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Shane Hupp]
Get a free copy of the Zacks research report on Engility (EGL)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Shane Hupp]
Get a free copy of the Zacks research report on Engility (EGL)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Rich Smith]
On Monday, SAIC (NYSE:SAIC), which collected $4.4 billion in revenue last year providing engineering and IT services to various branches of the U.S. government, announced a "definitive agreement" to acquire fellow government IT contractor Engility (NYSE:EGL) and its $1.9 billion revenue stream for $1.6 billion, plus $900 million in assumed debt. (And let's give credit where it's due -- Reuters predicted this acquisition, and Vertical Research upgraded Engility because of it, two months ago).
Top 10 Clean Energy Stocks To Watch For 2021: Foot Locker, Inc.(FL)
Foot Locker, Inc. operates as an athletic shoes and apparel retailer. The company operates in two segments, Athletic Stores and Direct-to-Customers. The Athletic Stores segment retails athletic footwear, apparel, accessories, and equipment under various formats, including Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Footaction, and SIX:02, as well as Runners Point, and Sidestep. As of January 30, 2016, it operated 3,383 primarily mall-based stores in the United States, Canada, Europe, Australia, and New Zealand. The Direct-to-Customers segment sell athletic footwear, apparel, equipment, team licensed products, and private-label merchandise through Internet Websites, mobile sites, and catalogs. This segment operates sites for eastbay.com, final-score.com, eastbayteamsales.com, and sp24.com, as well as footlocker.com, ladyfootlocker.com, six02.com, kidsfootlocker.com, champssports.com, footaction.com, footlocker.ca, footlocker.eu, runnerspoint.com, and sidestep-shoes.com. The company also provides franchise licenses to operate its Foot Locker stores in the Middle East and the Republic of Korea; and Runners Point Germany. It operates 64 franchised stores. The company was founded in 1879 and is headquartered in New York, New York.
Foot Locker (FL) - Get Report shares surged after the sports apparel retailer posted much better-than-expected second-quarter earnings, adding to evidence of a brick-and-mortar retail revival. Foot Locker (FL) - Get Report shares surged 8% $58.76 each to after the sports apparel retailer crushed second quarter earnings forecasts with better-than-expected same-store sales growth of 5.9%. Foot Locker (FL) - Get Report soared early Friday after adjusted earnings of $2.21 a share in the second quarter smashed analysts' estimates. Foot Locker (FL) - Get Report posted much better-than-expected second quarter earnings Friday, adding to evidence of a brick-and-mortar retail revival in the wake of the coronavirus pandemic. Statements in this Annual Report on Form 10-K that are not historical facts constitute forward-looking statements that are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, or the "Exchange Act". Examples of forward-looking statements include statements relating to industry prospects, our future economic performance including anticipated revenues and expenditures, results of operations or financial position, and other financial items, our business plans and objectives, including our intended product releases, and may include certain assumptions that underlie forward-looking statements. Risks and uncertainties that may affect our future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements include, among other things, those listed under "Risk Factors" and elsewhere in this Annual Report. Advisors' Opinion: First Allied Advisory Services Inc. bought a new position in shares of Polarityte Inc (NASDAQ:COOL) during the 2nd quarter, Holdings Channel reports. The firm bought 18,365 shares of the company’s stock, valued at approximately $431,000. Get a free copy of the Zacks research report on Polarityte (COOL) For more information about research offerings from Zacks Investment Research, visit Zacks.com We are a leading provider of information technology (IT), consulting and business process services, dedicated to helping the world's leading companies build stronger businesses. Our clients engage us to help them operate more efficiently, provide solutions for critical business and technology problems, and to help them drive technology-based innovation and growth. Our core competencies include: business, process, operations and IT consulting, application development and systems integration, enterprise information management, application testing, application maintenance, IT infrastructure services, and business process services. We tailor our services to specific industries and utilize an integrated global delivery model. This seamless global sourcing model combines industry-specific expertise, client service teams based on-site at the client locations and delivery teams located at dedicated near-shore and offshore global delivery centers. Advisors' Opinion: Rotonti: Cognizant (NASDAQ:CTSH) recently named a new CEO. Does this change your investment thesis in the company? Allen: No. Cognizant's consulting and outsourcing model is benefiting from the increasing importance of technology spending and the scarcity of skilled tech labor, which should allow the company to generate high-single-digit revenue growth for many years. Francisco D'Souza has been the CEO since 2007 and was a co-founder of the company in 1994. After a successful tenure, he's ready to retire and we wish him all the best. The board conducted a thorough search process and selected Brian Humphries from Vodafone Business, who will bring a fresh perspective to the company. Get a free copy of the Zacks research report on Cognizant Technology Solutions (CTSH) For more information about research offerings from Zacks Investment Research, visit Zacks.com Cognizant Technology Solutions Corp. (NASDAQ:CTSH)Q4 2018 Earnings Conference CallFeb. 6, 2019, 8:00 a.m. ET Operator Rockland Trust Co. cut its stake in shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) by 1.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 125,988 shares of the information technology service provider’s stock after selling 1,451 shares during the quarter. Rockland Trust Co.’s holdings in Cognizant Technology Solutions were worth $9,720,000 at the end of the most recent quarter. Glacier Bancorp, Inc. ("Company"), headquartered in Kalispell, Montana, is a Montana corporation incorporated in 2004 as a successor corporation to the Delaware corporation originally incorporated in 1990. The Company is a publicly-traded company and its common stock trades on the NASDAQ Global Select Market under the symbol GBCI. The Company provides commercial banking services from 144 locations in Montana, Idaho, Wyoming, Colorado, Utah and Washington through its wholly-owned bank subsidiary, Glacier Bank ("Bank"). The Company offers a wide range of banking products and services, including transaction and savings deposits, real estate, commercial, agriculture, and consumer loans and mortgage origination services. The Company serves individuals, small to medium-sized businesses, community organizations and public entities. For information regarding the Company's lending, investment and funding activities, see "Item 7. Advisors' Opinion: Get a free copy of the Zacks research report on Glacier Bancorp (GBCI) For more information about research offerings from Zacks Investment Research, visit Zacks.com Glacier Bancorp, Inc. (NASDAQ:GBCI) has been assigned an average recommendation of “Hold” from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $43.50. News articles about Glacier Bancorp (NASDAQ:GBCI) have trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Glacier Bancorp earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 46.4959679542028 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days. Get a free copy of the Zacks research report on Glacier Bancorp (GBCI) For more information about research offerings from Zacks Investment Research, visit Zacks.com Unless otherwise indicated, all references to the "Company," "we," "us," "our" and "Supervalu" in this Annual Report on Form 10-K relate to SUPERVALU INC. and its wholly and majority-owned subsidiaries. All dollar and share amounts in this Annual Report on Form 10-K are in millions, except per share data and where otherwise noted. Business Overview SUPERVALU INC., a Delaware corporation, was organized in 1925 as the successor to two wholesale grocery firms established in the 1870s. Supervalu today is one of the largest public company grocery wholesale distributors to independent retail customers across the United States through its Wholesale segment, one of the nation's largest hard discount grocery retailers by store count through its Save-A-Lot segment and operates five regionally-based traditional format grocery banners through its Retail segment. Substantially all of the Company's operations are domestic. Advisors' Opinion: Supervalu Inc. (NYSE:SVU) has earned an average rating of “Hold” from the eleven research firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $25.93. Shares of SUPERVALU Inc. (NYSE:SVU) soared 57.5% in the month of July, according to data from S&P Global Market Intelligence, after the supermarket chain agreed to be acquired by United Natural Foods (NASDAQ:UNFI). After the announcement, KR dropped from $31 per share to $22. It's taken a solid year to reach the mid-point of that trading range ($26). Another grocery stock, Supervalu Inc. (NYSE: SVU) also dropped sharply when the deal was announced, from $29 to $22. And after a full year, the stock still hasn't recovered (currently trading right around $21). TheStreet upgraded shares of SuperValu (NYSE:SVU) from a d+ rating to a c- rating in a report released on Tuesday. Other equities research analysts also recently issued research reports about the company. Pivotal Research reissued a buy rating and issued a $24.00 price objective on shares of SuperValu in a report on Monday, April 23rd. ValuEngine downgraded SuperValu from a hold rating to a sell rating in a report on Wednesday, April 18th. Zacks Investment Research downgraded SuperValu from a buy rating to a hold rating in a report on Friday, April 27th. Morgan Stanley cut their price objective on SuperValu from $17.00 to $15.50 and set an equal weight rating for the company in a report on Thursday, April 26th. Finally, Credit Suisse Group began coverage on SuperValu in a report on Tuesday, April 17th. They issued an underperform rating and a $15.00 price objective for the company. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. SuperValu currently has a consensus rating of Hold and an average target price of $20.39. U.S. Silica Holdings, Inc. produces and sells commercial silica in the United States. It operates through two segments, Oil & Gas Proppants, and Industrial & Specialty Products. The company offers whole grain commercial silica products to be used as fracturing sand in connection with oil and natural gas recovery, as well as sells its whole grain silica products in various size distributions, grain shapes, and chemical purity levels for manufacturing glass products. It also provides ground commercial silica products for use in plastics, rubber, polishes, cleansers, paints, glazes, textile fiberglass, and precision castings; and fine ground silica for use in premium paints, specialty coatings, sealants, silicone rubber, and epoxies. In addition, the company offers other industrial mineral products, such as aplite, a mineral used to produce container glass and insulation fiberglass; calcined kaolin clay, a mineral primarily used as a functional extender in paints, plastics, specialty coatings, and rubber; and adsorbent made from a mixture of silica and magnesium for preparative and analytical chromatography applications. It serves oil and gas recovery markets; and building products, fillers and extenders, foundry products, chemicals, recreation products, and filtration products industries, as well as container glass, fiberglass, specialty glass, and flat glass products industries. As of December 31, 2014, the company had approximately 363 million tons of proven and probable recoverable mineral reserves. The company, formerly known as GGC USS Holdings, Inc., is headquartered in Frederick, Maryland. There are no shortage of largely small cap fracking sand stocks or players through the years with other notable names being CARBO Ceramics Inc (NYSE: CRR), Covia Holdings Corp (NYSE: CVIA), Hi-Crush Partners LP (NYSE: HCLP), Smart Sand Inc (NASDAQ: SND) and U.S. Silica Holdings Inc (NYSE: SLCA). Emerge Energy Services LP would be a growth-oriented limited partnership engaged in the business of mining, producing and distributing silica sand, a key input for the hydraulic fracturing of oil and natural gas wells, through its subsidiary Superior Silica Sands LLC. B. Riley set a $19.00 price objective on U.S. Silica (NYSE:SLCA) in a research note published on Friday. The brokerage currently has a buy rating on the mining company’s stock. B. Riley also issued estimates for U.S. Silica’s FY2021 earnings at $0.81 EPS. Royal Bank of Canada grew its position in ClearBridge Energy MLP Fund Inc (NYSE:CEM) by 1.8% during the first quarter, HoldingsChannel reports. The institutional investor owned 627,319 shares of the investment management company’s stock after acquiring an additional 10,949 shares during the quarter. Royal Bank of Canada’s holdings in ClearBridge Energy MLP Fund were worth $7,898,000 as of its most recent SEC filing. Top 10 Clean Energy Stocks To Watch For 2021: Majesco Entertainment Company(COOL)
Top 10 Clean Energy Stocks To Watch For 2021: Cognizant Technology Solutions Corporation(CTSH)
Top 10 Clean Energy Stocks To Watch For 2021: Glacier Bancorp, Inc.(GBCI)
Top 10 Clean Energy Stocks To Watch For 2021: SuperValu Inc.(SVU)
Top 10 Clean Energy Stocks To Watch For 2021: U.S. Silica Holdings, Inc.(SLCA)
Top 10 Clean Energy Stocks To Watch For 2021: ClearBridge Energy MLP Fund Inc.(CEM)
ClearBridge Energy MLP Fund Inc. (the Fund) is a non-diversified closed-end management investment company. The Fund's investment objective is to provide a high level of total return with focus on cash distributions. The Fund focuses on achieving its objective by investing primarily in master limited partnerships (MLPs) in the energy sector. The Fund considers an entity to be within the energy sector if it derives at least 50% of its revenues from the business of exploring, developing, producing, gathering, transporting, processing, storing, refining, distributing, mining or marketing natural gas, natural gas liquids, crude oil, refined petroleum products or coal. The Fund's portfolio includes investments in MLPs in various areas, such as diversified energy infrastructure, global infrastructure, oil/refined products, liquids transportation and storage, and shipping. Legg Mason Partners Fund Advisor, LLC is the Fund's investment manager and ClearBridge Advisors, LLC is its sub advisor. Advisors' Opinion:
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