Like most investors, Warren Buffett didn’t have a great first quarter. Buffett’s Berkshire Hathaway (NYSE:BRK-A) (NYSE:BRK-B) gained less than 1% through the end of March. That was enough to beat the S&P 500 index, but I doubt Buffett broke out his ukelele to strum and celebrate.
However, several Buffett stocks chalked up nice gains during the first quarter. The three top performers in Berkshire’s portfolio were Sirius XM Holdings (NASDAQ:SIRI), Mastercard (NYSE:MA), and Moody’s (NYSE:MCO). Here’s what drove these stocks higher — and what their prospects are for the rest of 2018.
Sirius XM Holdings
Sirius XM Holdings ranked as Buffett’s biggest winner, with its share price jumping 16% in the first quarter. There were a couple of key factors behind the satellite radio stock’s strong performance.
Hot Stocks For 2019: W.R. Grace & Co.(GRA)
- [By Max Byerly]
Chemours (NYSE: CC) and W. R. Grace & Co (NYSE:GRA) are both mid-cap basic materials companies, but which is the better business? We will compare the two companies based on the strength of their valuation, dividends, analyst recommendations, risk, earnings, profitability and institutional ownership.
- [By Ethan Ryder]
These are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
Get W. R. Grace & Co alerts:
W.R. Grace & Co.: Grace Announces Release Date for Second Quarter 2018 Results (twst.com) W. R. Grace & Co (GRA) Expected to Earn Q2 2018 Earnings of $0.90 Per Share (americanbankingnews.com) W. R. Grace & Co (GRA) to Post Q3 2018 Earnings of $0.96 Per Share, Jefferies Financial Group Forecasts (americanbankingnews.com) Venator Materials and Three Additional Specialty Chemicals Stocks on Our Research Desks Radar (finance.yahoo.com)
W. R. Grace & Co traded up $0.71, reaching $74.39, on Friday, according to Marketbeat. The stock had a trading volume of 378,610 shares, compared to its average volume of 720,257. W. R. Grace & Co has a fifty-two week low of $58.48 and a fifty-two week high of $77.37. The company has a quick ratio of 1.01, a current ratio of 1.56 and a debt-to-equity ratio of 6.23. The stock has a market cap of $4.96 billion, a PE ratio of 21.88, a PEG ratio of 1.58 and a beta of 1.19.
- [By Lee Jackson]
This mid-cap company also looks like a solid stock to own during difficult times. W.R. Grace & Co. (NYSE: GRA) is engaged in the production and sale of specialty chemicals and specialty materials. The company operates in two segments.The Grace Catalysts Technologies segment includes catalysts and related products and technologies used in refining, petrochemical and other chemical manufacturing applications.
Hot Stocks For 2019: TC PipeLines, LP(TCP)
- [By Lisa Levin] Gainers
Integrated Media Technology Limited (NASDAQ: IMTE) rose 30.8 percent to $22.00 in pre-market trading after declining 18.63 percent on Monday.
Nevsun Resources Ltd. (NYSE: NSU) rose 14.5 percent to $3.40 in pre-market trading after Lundin Mining Corporation and Euro Sun Mining Inc. proposed to acquire Nevsun Resources for around C$1.5 billion.
Sharing Economy International Inc. (NASDAQ: SEII) rose 15.2 percent to $4.25 in pre-market trading after the company disclosed that it entered into a license agreement with Ecrent Capital Holdings Limited.
Veeco Instruments Inc. (NASDAQ: VECO) shares rose 14.1 percent to $19.50 in pre-market trading after reporting stronger-than-expected earnings for its first quarter.
Impinj, Inc. (NASDAQ: PI) rose 13.4 percent to $15.40 in pre-market trading after reporting Q1 results.
SandRidge Energy, Inc. (NYSE: SD) shares rose 13.2 percent to $16.45 in pre-market trading following Q1 results.
Blink Charging Co. (NASDAQ: BLNK) rose 12.6 percent to $4.55 in pre-market trading after jumping 171.14 percent on Monday.
Crocs, Inc. (NASDAQ: CROX) shares rose 10 percent to $16.66 in pre-market trading after the company reported better-than-expected earnings for its first quarter and issued strong sales forecast for the second quarter.
Pareteum Corporation (NASDAQ: TEUM) rose 9.7 percent to $3.05 in pre-market trading after announcing Q1 results.
Dean Foods Company (NYSE: DF) rose 8 percent to $9.00 in pre-market trading after reporting upbeat Q1 earnings.
Fiesta Restaurant Group, Inc. (NASDAQ: FRGI) rose 7.3 percent to $23.45 in pre-market trading following Q1 results.
IAMGOLD Corporation (NYSE: IAG) rose 7.1 percent to $6.09 in pre-market trading after reporting upbeat Q1 earnings.
TC PipeLines, LP (NYSE: TCP) rose 6.4 percent to $27 in pre-market trading after gaining 2.08 percent on Monday.
Carrols Restaurant Group, Inc. (NASDAQ: TAST) rose 6.3 percent to $11.75 in pre-market trading fol
- [By Lisa Levin] Gainers
Shineco, Inc. (NASDAQ: TYHT) rose 34.7 percent to $2.29 in pre-market trading following Q3 results. Shineco posted Q3 earnings of $0.21 per share on sales of $13.3 million.
Carver Bancorp, Inc. (NASDAQ: CARV) rose 15.8 percent to $12.74 in pre-market trading after surging 201.37 percent on Thursday.
LiveXLive Media, Inc. (NASDAQ: LIVX) shares rose 11.5 percent to $7.75 in pre-market trading after climbing 64.50 percent on Thursday.
Eiger BioPharmaceuticals, Inc. (NASDAQ: EIGR) rose 9 percent to $18.30 in pre-market trading after climbing 41.77 percent on Thursday.
AmTrust Financial Services Inc (NASDAQ: AFSI) rose 6.2 percent to $14.25 in pre-market trading after a 13D filing from Carl Icahn shows a new 9.38 percent stake in the company. The filing also shows language from Icahn that strongly opposes a go-private transaction.
Cerner Corporation (NASDAQ: CERN) rose 5.6 percent to $64.02 in pre-market trading after the Department of Veterans Affairs reported an agreement with Cerner Government Services, Inc. to provide seamless care for veterans.
PetroChina Company Limited (NYSE: PTR) shares rose 5.3 percent to $82.05 in pre-market trading.
TC PipeLines, LP (NYSE: TCP) shares rose 5.2 percent to $26.59 in the pre-market trading session.
IQVIA Holdings Inc. (NYSE: IQV) shares rose 4.8 percent to $102.50 in pre-market trading as the company pulled secondary offering 'in light of recent market conditions'.
Axon Enterprise, Inc. (NASDAQ: AAXN) rose 4.5 percent to $59.70 in pre-market trading. On Thursday, Axon priced its 4.3 million share offering of common stock at $53 per share.
The Trade Desk, Inc. (NASDAQ: TTD) rose 4.5 percent to $84 in pre-market trading.
PetIQ Inc (NASDAQ: PETQ) rose 3.9 percent to $18.96 in pre-market trading after a 13G filing shows a new 5.05 percent stake by the State of New Jersey's Division of Investment.
Mattel, Inc. (NASDAQ: MAT) shares rose 3.7 percent to $15.85 in pre-market
- [By Matthew DiLallo]
Most investors have probably heard of energy giants Royal Dutch Shell (NYSE:RDS-A) (NYSE:RDS-B), Dominion Energy (NYSE:D), and TransCanada (NYSE:TRP). Fewer, however, are likely familiar with their publicly traded master limited partnerships (MLPs): Shell Midstream Partners (NYSE:SHLX), Dominion Energy Midstream Partners (NYSE:DM), and TC Pipelines (NYSE:TCP). That might be a good thing, as the market has beaten up the latter trio this year, sending their valuations south.
- [By Matthew DiLallo]
That funding progress is important given an unexpected development in the quarter when the Federal Regulatory Commission (FERC) revised a long-standing policy and will no longer allow master limited partnerships to collect an allowance for income taxes on certain pipelines. That change could have a major impact on the cash flows of TransCanada’s MLP TC Pipelines, LP (NYSE:TCP). While TC Pipelines isn’t sure how much this change will impact its cash flow, it took precautionary actions by slashing its distribution to investors. That payout reduction and the related uncertainty has weighed significantly on TC Pipelines’ valuation. Because of that, Girling said that “further dropdowns of assets by TransCanada into TC Pipelines is not considered a viable funding option at this time,” and he isn’t sure if it will be one in the future. However, he did clarify that even without future dropdowns to TC Pipelines, TransCanada believes it has the “financial capacity to fund our existing capital program through our predictable and growing cash flow from operations as well as several other funding alternatives.”
- [By Matthew DiLallo]
For years, Canadian pipeline giant TransCanada (NYSE:TRP) has used its master limited partnership (MLP) TC Pipelines (NYSE:TCP) as a source of capital by dropping down assets to that entity in exchange for cash. However, a regulatory policy change earlier in the year hit TC Pipelines hard, which caused the MLP to slash its distribution to investors. These changes have weighed heavily on the MLP’s valuation and access to capital. Because of that, TransCanada no longer believes it can use TC Pipelines as a viable funding option.
Hot Stocks For 2019: Espey Mfg. & Electronics Corp.(ESP)
- [By Ethan Ryder]
Espers (ESP) is a PoW/PoS coin that uses the HMQ1725 hashing algorithm. It was first traded on April 28th, 2016. Espers’ total supply is 21,802,827,290 coins. The Reddit community for Espers is /r/esperscoin and the currency’s Github account can be viewed here. Espers’ official Twitter account is @CryptoCoderz and its Facebook page is accessible here. Espers’ official website is espers.io.
- [By Stephan Byrd]
Espers (CURRENCY:ESP) traded up 5.2% against the US dollar during the one day period ending at 7:00 AM Eastern on May 28th. Espers has a market capitalization of $6.27 million and approximately $8,492.00 worth of Espers was traded on exchanges in the last 24 hours. One Espers coin can now be bought for about $0.0003 or 0.00000004 BTC on cryptocurrency exchanges including Livecoin and CoinExchange. During the last seven days, Espers has traded down 26.2% against the US dollar.