The Dow Jones Industrial Average (DJINDICES: ^DJI ) is struggling to hold on to the gains it made last week, falling as much as 108 points this morning. Sitting at a 65-point loss at 11 a.m. EDT, the index is suffering from another batch of disappointing economic news from both inside and out of the U.S. On the other hand, two of the Dow's few winners this morning are reaping the rewards of positive earnings news from a rival.
Seasonal slump?
This morning's news that homebuilders' confidence fell for the third month in a row, as well as news of reductions in New York manufacturing, was another blow to the Dow and the economy in general. For the past two weeks, the markets have endured report after report of softening growth in the economy, spurring some analysts to believe that we've hit a seasonal slowdown.
Hot Gas Utility Companies To Invest In 2014: Pac Nth West Cap C Com Npv (PFN.TO)
Pacific North West Capital Corp. engages in the acquisition, exploration, and development of platinum group metal (PGM), and precious and base metal properties primarily in Canada. It explores for PGM, gold, silver, and base metal properties in British Columbia, Ontario, Saskatchewan, and Alaska. The company primarily holds a 100% interest in the River Valley PGM project that consists of 410 mining claims in 38 claim units covering approximately 6,600 hectares located in the Sudbury region of Ontario. Pacific North West Capital Corp. was founded in 1996 and is headquartered in Vancouver, Canada.
Hot Gas Utility Companies To Invest In 2014: Syms Corp(SYMS)
Syms Corp operates a chain of ?off-price? apparel retail stores under the Syms and Filene?s Basement names in the United States. Its stores offer a range of in-season merchandise for men, women, and children. The company?s in-season merchandise includes men?s tailored clothing and haberdashery; women?s dresses, suits, and separates; children?s apparel; and men?s, women?s, and children?s shoes. Its Filene?s stores also offer a selection of jewelry and home goods. As of August 28, 2010, the company operated a chain of 48 off-price apparel stores located predominantly on the east coast. Syms Corp was founded in 1959 and is headquartered in Secaucus, New Jersey.
Top 10 European Companies To Own In Right Now: Xaar(XAR.L)
Xaar plc engages in the development and commercial exploitation of a patented inkjet printing technology in Asia, Europe, the Middle East, and the Americas. Its product line comprises inkjet development systems, printheads, printhead matrix, inks, ink supply systems, and drive electronics. The company also provides training and consulting services. Its products are used in graphics, packaging, and industrial print sectors. Xaar plc was founded in 1990 and is headquartered in Cambridge, the United Kingdom.
Hot Gas Utility Companies To Invest In 2014: Hunt Mining Corp(HMX.V)
Hunt Mining Corp., through its subsidiaries, engages in the exploration and development of precious metals in Argentina. It focuses on gold, silver, and base metal projects. The company holds rights in 3l mineral concessions covering approximately 286,792 hectares in Santa Cruz Province, Argentina. Its principal property includes the La Josefina gold and silver project covering approximately 528 square kilometer land package in the Deseado Massif mineral district, Argentina. The company was founded in 2006 and is based in Liberty Lake, Washington.
Hot Gas Utility Companies To Invest In 2014: American Water Works(AWK)
American Water Works Company, Inc. provides water and wastewater services to residential, commercial, industrial, public, and other customers in the United States and Canada. As of December 31, 2010, the company served approximately 15 million people with drinking water, wastewater, and other water-related services in approximately 30 states and 2 Canadian provinces. It owned approximately 90 surface water treatment plants, 600 groundwater treatment plants, 1,200 groundwater wells, 60 wastewater treatment facilities, 1,300 treated water storage facilities, 1,300 pumping stations and 100 dams, and 49,000 miles of mains and collection pipes. American Water Works Company also enters into public/private partnerships, including operation and maintenance contracts; and design, build, and operate contracts for the provision of services to water and wastewater facilities for municipalities and the United States military. In addition, it enters into contracts to operate and maintai n water and wastewater facilities for the United States military, municipalities, the food and beverage industry, and other customers; and provides services to domestic homeowners to protect against the cost of repairing broken or leaking pipes inside and outside their homes. Further, the company provides biosolids management, transport, and disposal services to municipal and industrial customers. Additionally, it offers granular carbon technologies and products for cleansing water and wastewater, wastewater residuals management services, and water and wastewater facility engineering services. The company was founded in 1886 and is based in Voorhees, New Jersey.
Advisors' Opinion:- [By JON C. OGG]
American Water Works Company, Inc. (NYSE: AWK) recently closed at $27.41 and analysts have a consensus price target objective of $31.60. It carries a 3.4% dividend yield and the stock is down a very rare 10.7% from its 52-week high (almost never pulls back 10%). The price to book value is 1.16 and its return on equity is almost 7%. S&P has a rating of BBB+ with a stable outlook for its local long-term ratings. This is the biggest independent water utility operator in the United States with some business in Canada, giving it very limited exposure to currency issues. Bei ng the water utility offers perhaps the best defensive mechanism of all: no one can really live without water.
Hot Gas Utility Companies To Invest In 2014: (FXPT)
Fox Petroleum Inc., a development stage company, engages in the identification, exploration, acquisition, and development of prospective oil and gas properties. It holds oil and gas interests in a United Kingdom onshore license; and joint venture interests in Texas. The company was formerly known as Nova Resources Inc. and changed its name to Fox Petroleum Inc. in February 2007 to reflect the new direction of its business of oil and gas exploration and development activities. Fox Petroleum Inc. was founded in 2004 and is based in New York, New York.
Advisors' Opinion:- [By Tom Bishop]
Fox Petroleum Inc. (PINK: FXPT)?is up 6.20% to $0.0539. Yesterday, the company?announced preliminary estimates from 3-D seismic data obtained from Renfro Energy’s Cameron Meadows lease. The president of Fox Petroleum?said that the company had 3-D seismic on the property for more than five years and the zone it is investigating through the 3-D seismic have reserve potential of 200,000 to 500,000 barrels of oil. Last week, FXPT announced that acquisition of Renfro Energy and Cameron Parish Pipelines. Renfro is an asset holding company created to house existing oil and gas assets located in Texas, Oklahoma and for acquisitions in Louisiana. Fox Petroleum said that it expects to complete the acquisition of Renfro and Cameron Parish by the end of October. (PINK: FXPT), (FXPT)
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