Molson Coors Brewing Company (NYSE: TAP) is the second largest beer producer in North America by volume and the fifth largest globally following the acquisition of the remaining 58% of the MillerCoors joint venture, which was previously owned by SAB Miller. MillerCoors will continue to operate as a separate business unit of Molson Coors, along with the company’s current Canadian, European, and Molson Coors International divisions. As part of the transaction, TAP also gained full ownership of the Miller brands outside of the United States and Puerto Rico, as well as perpetual U.S. rights to all imported and licensed brands duty-free (Redd’s, Peroni, Pilsner Urquell, and Grolsch). Following the acquisition, the company’s net revenues generated 64% from the United States, 18% from Europe, and 15% from Canada.
Ability to improve margins
We believe the notion that Molson Coors will be able to improve their margins in the coming years is largely overstated. Many have said that the MillerCoors acquisition will allow the company to compete globally due to the increased economies of scale. We do not believe this to be true as the company has already taken advantage of most size related synergies. Instead, the current cost structure of the company is highly inefficient and is putting downward pressure on margins and the stock price. Although there have been reports of margins improving upwards of 5%, we believe that the number will be closer to 2% as management struggles to initiate efficient processes. This is a key issue that is often brought up when comparing Molson to other companies such as ABI. As can be seen in the exhibit below, while Miller had a 41.9% margin, the industry average was 51%.
Best Canadian Stocks To Own Right Now: NRG Energy Inc.(NRG)
- [By Ethan Ryder]
DTE Energy (NYSE: DTE) and NRG Energy (NYSE:NRG) are both utilities companies, but which is the superior investment? We will contrast the two businesses based on the strength of their earnings, institutional ownership, profitability, valuation, risk, dividends and analyst recommendations.
- [By Lisa Levin]
In trading on Wednesday, utilities shares fell 0.25 percent. Meanwhile, top losers in the sector included NRG Energy Inc (NYSE: NRG), down 3 percent, and Entergy Corporation (NYSE: ETR) down 1 percent.
- [By Elizabeth Balboa]
Clarity on the GenOn Energy Inc settlement and PJM Interconnection auction led UBS analyst Julien Dumoulin-Smith to upgrade NRG Energy Inc (NYSE: NRG) Thursday to Buy with a $20 price target.
- [By Ben Levisohn]
NRG Energy (NRG) has gained 2.1% to $18.49 after getting raise to Buy from Neutral at Goldman Sachs.
Skechers USA (SKX) has tumbled 5.4% to$28.35 after getting cut to Negative from Positive at Susquehanna.
Best Canadian Stocks To Own Right Now: Valeant Pharmaceuticals International Inc(VRX)
- [By Paul Ausick]
Valeant Pharmaceuticals International Inc. (NYSE: VRX) dropped about 3.7% Tuesday to post a new 52-week low of $10.08 after closing Monday at $10.47. The stock’s 52-week high is $38.50. Volume of about 14 million shares was about 30% below the daily average of around 19 million. The company said on Monday that CEO Joseph Papa took home total compensation of nearly $63 million as the stock was losing 62% of its value. The numbers speak for themselves.
- [By Stark Merrifield]
Bill Ackman: Fifty-year-old Ackman’s career began in 1992 when he and fellow Harvard graduate David P. Berkowtiz founded the investment firm Gotham Partners. The firm’s high-profile bid for Rockefeller Center in New York caused investors to flock to the firm, growing it to $500 million in assets. Then in 2004, with $54 million in personal funding, Ackman started Pershing Square Capital Management. Through Pershing, Ackman’s bought significant shares in companies like Wendy’s Co. (Nasdaq: WEN ), Target Corp. (NYSE: TGT), Chipotle Mexican Grill Inc. (NYSE: CMG), and Valeant Pharmaceuticals International Inc. (NYSE: VRX). Today, Ackman is worth $1.4 billion and is No. 256 on the Forbes 400.
- [By WWW.THESTREET.COM]
The conference continues on Tuesday with presentations from Bristol-Myers Squibb (BMY) , Pfizer (PFE) , Alkermes (ALKS) and Valeant Pharmaceuticals (VRX) . Cramer said he’ll be watching for news from all four companies.
- [By Lisa Levin] Related Chardan Analyst Suggests An AveXis-Ionis Pair Trade Why The Biogen-Ionis News Is A Boon For AveXis AveXis' (AVXS) CEO Sean Nolan on Q4 2016 Results – Earnings Call Transcript (Seeking Alpha)
Related CLBS Earnings Scheduled For March 17, 2017 15 Biggest Mid-Day Gainers For Thursday Caladrius Biosciences beats by $0.07, beats on revenue (Seeking Alpha) Gainers
Caladrius Biosciences Inc (NASDAQ: CLBS) shares rose 20.2 percent to $6.13 in pre-market trading after the company reported a narrower-than-expected quarterly loss.
Arbutus Biopharma Corp (NASDAQ: ABUS) rose 12.3 percent to $3.20 in pre-market trading after the company disclosed that it has licensed LNP delivery technology to Alexion Pharmaceuticals, Inc. (NASDAQ: ALXN) for use in single messenger RNA product candidate.
AveXis Inc (NASDAQ: AVXS) rose 12.2 percent to $81.66 in pre-market trading after the company reported topline data from Phase 1 trial of AVXS-101.
TOP SHIPS Inc (NASDAQ: TOPS) shares rose 10.5 percent to $2.43 in pre-market trading after surging 109.52 percent on Thursday.
ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) rose 9.8 percent to $17.45 in pre-market trading after declining 0.44 percent on Thursday.
Sino-Global Shipping America, Ltd. (NASDAQ: SINO) rose 8.3 percent to $3.38 in pre-market trading after climbing 23.81 percent on Thursday.
Diana Containerships Inc (NASDAQ: DCIX) rose 7.6 percent to $2.99 in pre-market trading after surging 12.55 percent on Thursday.
Steel Dynamics, Inc. (NASDAQ: STLD) rose 5.2 percent to $37.25 in pre-market trading. Steel Dynamics expects Q1 earnings of $0.77 to $0.81 per diluted share. The company also declared a quarterly cash dividend of $0.1550 per common share.
Adobe Systems Incorporated (NASDAQ: ADBE)
- [By Paul Ausick]
Valeant Pharmaceuticals International Inc. (NYSE: VRX) dropped about 5.8% Monday, to post a new 52-week low of $12.30 after closing at $13.06 on Friday. The stock’s 52-week high is $70.43. Volume was about 50% above daily average of around 16.2 million shares. The company paid down about $1.1 billion in secured term loans and now seeks to refinance and amend its existing credit agreement, borrow more money under the agreement, and issue new secured debt.
- [By Ben Levisohn]
The gain is particularly striking considering the fact that Endo International dropped 73% in 2016, making it the worst performer in the S&P 500. Endo has been hit hard by concerns over drug pricing that has plagued the entire specialty pharmaceutical sector since Valeant Pharmaceuticals International’s (VRX) pricing strategy came to light last year.
Best Canadian Stocks To Own Right Now: Patni Computer Systems Limited(PTI)
- [By Lisa Levin]
Proteostasis Therapeutics Inc (NASDAQ: PTI) shares shot up 162 percent to $6.16 after the company disclosed 'positive' PTI-428 data with statistical significance.
- [By William Romov]
Before we show you our pick, here are the top 10 penny stocks to watch this week
Penny Stock Current Share Price Nov. 27-Dec. 1 Gain (as of Dec. 1)
Pyxis Tankers Inc. (Nasdaq: PXS) $4.10 122.83%
Ohr Pharmaceuticals Inc. (Nasdaq: OHRP) $1.28 68.42%
Cerecor Inc. (Nasdaq: CERC) $1.74 47.46%
Proteostasis Therapeutics Inc. (Nasdaq: PTI) $2.52 37.71%
UT Starcom Holdings Corp. (Nasdaq: UTSI) $5.20 37.20%
WMIH Corp. (Nasdaq: WMIH) $0.96 33.46%
PhaseRx Inc. (Nasdaq: PZRX) $0.90 30.29%
Bellerophon Therapeutics Inc. (Nasdaq: BLPH) $2.04 29.94%
EV Energy Partners LP (Nasdaq: EVEP) $0.86 27.76%
Catalyst Pharmaceuticals Inc. (Nasdaq: CPRX) $4.40 25.71%
FREE PROFIT ALERTS: Get real-time recommendations on the best penny stock opportunities the moment we release them. Just sign up here, its completely free
Best Canadian Stocks To Own Right Now: Nu Skin Enterprises Inc.(NUS)
- [By Roberto Pedone]
Nu Skin Enterprises (NUS) is a direct selling company, which develops and distributes personal care products and nutritional supplements that are sold under the Nu Skin and Pharmanex brands. This stock closed up 5.4% at $92.96 in Monday’s trading session.
Monday’s Volume: 2 million
Three-Month Average Volume: 900,802
Volume % Change: 85%
From a technical perspective, NUS ripped higher here right above some near-term support at $85 with heavy upside volume. This move pushed shares of NUS into breakout and new 52-week-high territory, since the stock took out some near-term overhead resistance levels at $88.20 to $89.69. This move also pushed shares of NUS above the upper-end of its recent range that saw the stock trend between $82 to just above $89.
Traders should now look for long-biased trades in NUS as long as it’s trending above support at $85 and then once it sustains a move or close above Monday’s high of $93.33 with volume that this near or above 900,802 shares. If we get that move soon, then NUS will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $100 to $105.
- [By ]
Nu Skin Enterprises (NYSE: NUS) is benefiting from two key trends: its strong presence in Asia where it books 79% of its revenue and leading brand awareness with millennials. The company has increased its dividend every year since 2001, now paying a 2% yield, and maintains a share repurchase program that returns excess cash to shareholders.
- [By Craig Jones]
Nu Skin Enterprises, Inc. (NYSE: NUS) is trading sharply higher on Friday, but options traders are buying puts in the name, said Jon Najarian. Traders were buying the June 50 puts and they paid around 6 percent for them, so they don't see much upside in Nu Skin Enterprises, explained Najarian. He followed the trade and he is planning to hold the position for a month.
Best Canadian Stocks To Own Right Now: China Metro-Rural Holdings Limited(CNR)
- [By Max Byerly]
Canadian National Railway (NYSE:CNI) (TSE:CNR) – Cormark raised their Q3 2018 earnings per share (EPS) estimates for Canadian National Railway in a research report issued to clients and investors on Tuesday, April 10th. Cormark analyst D. Tyerman now expects that the transportation company will post earnings per share of $1.15 for the quarter, up from their previous estimate of $1.14.
Best Canadian Stocks To Own Right Now: Chipotle Mexican Grill Inc.(CMG)
- [By Timothy Green]
Shares of Chipotle Mexican Grill (NYSE:CMG) dropped 21.4% in 2016, according to data provided byS&P Global Market Intelligence. The aftermath of Chipotle’s food safety crisis in 2015, when cases of E. coli and norovirus popped up at Chipotle restaurants around the country, led to a steep drop in sales and profits in 2016. With the company unable to recover quickly, investors spent the year selling off the stock.
- [By Mike Turner]
Turner pick Chipotle Mexican Grill(CMG) as his entry into the Best Stocks competition. Chipotle certainly has been one of the best stocks to buy in years past; CMG stock has earned a return of 930% in the past decade, beating the S&P 500’s 105% return by more than a little bit.
Brushing off the recent supply problems that resulted in dozens of customers getting sick from E. coli, Turner believes the stock can return to the $700 range when the business recovers from its current rough patch.
- [By Garrett Baldwin]
FAANG stocks are attempting to rebound today after a brutal sell-off hit the Nasdaq components Tuesday. The social media giant Facebook Inc. (Nasdaq: FB) will report earnings after the bell, but it’s likely that analysts are more interested in the company’s ongoing response to a data scandal that rocked investor sentiment and spurred privacy fears during the first quarter. Wall Street forecasts EPS of $1.36 on top of $11.45 billion in revenue.
Right now, the 10-year interest rate is sitting on the border of 3%. And this news has many investors jittery about the impact on the stock market and the broader economy. Of course, many people forget that interest rates remain historically low for this stage of an economic expansion. And inflation targets remain stubbornly elusive for members of the U.S. Federal Reserve. The truth is that investors have little to worry about regarding interest rates. Instead, they should listen to Money Morning Chief Investment Strategist Keith Fitz-Gerald, who offered his insight to Fox Business Network earlier this week. Here’s what Keith had to say.
Three Stocks to Watch Today: TWTR, CS, GE
General Electric Co. (NYSE: GE) is under pressure to fire its auditor of 109 years, KPMG (for perspective, GE began its longtime relationship with KPMG a year after the first Model-T was built). Shareholder rights firms Glass-Lewis and Institutional Shareholder Services are spearheading the change and will push for adjustments during the firm’s annual shareholder meeting. The move comes after a calamitous year for GE, which saw the company become the worst-performing Dow component of 2017.
Twitter Inc. (NYSE TWTR) will lead a very busy day of earnings reports. The social media giant is expected to report EPS of $0.12 on top of $609.8 million in revenue.
Shares inCredit Suisse(ADR) (NYSE: CS) rallied more than 4% today after the Swiss financial giant beat earnings expectations before the bell. This was a significant milestone for Cr