The Beige Book seemingly makes a point of describing the overall pace of growth as "modest to moderate'' ��words it repeats in the new edition, and which veteran Fed watchers can recite in their sleep. But "strong," "stronger" or `strongest" appear at least 69 times in today's version ��often describing areas of the economy that will make or break hopes for faster expansion next year.
BEIGE BOOK: Fed survey finds broad but modest improvement
Take housing. Multifamily construction ��part of a volatile but critical housing sector that is still building homes at less than half of the pre-recession pace ��is described as "strong.''
Hot Machinery Stocks To Invest In 2015: Mostostroy No6 OAO (MSTF)
Mostostroy No6 OAO (Mostostroitel��yi trest No 6 OAO or Bridge Construction Trust N 6 OJSC) is a Russia-based company engaged in the construction industry. Its services portfolio includes the design, construction, reconstruction and renovation of bridges, railways, highways, tunnels and subways, nuclear and thermal power stations, residential and industrial facilities, among others. Mostostroitel��yi trest No 6 OAO provides its services mainly to companies engaged in the transportation, hydraulic engineering, industrial, civil and nuclear construction sectors and its customers include ROSATOM and Russian Railways, among others. The Company operates through 10 branches, as well as two representative offices, located in Moscow and Sochi. In addition, it has five wholly owned subsidiaries. As of March 4, 2011, the Company�� major shareholder was Malakhit OOO with a stake of 19.85%. Advisors' Opinion:- [By Tom Taulli]
But again, the most glaring red flag is the valuation of GOOG stock. Shares of Google stock are currently trading at a P/E ratio of 30, which is certainly rich. Consider that�Apple (AAPL) and �Microsoft (MSTF) sport multiples of only about 14. These companies also have decent dividend yields.
Top Construction Companies To Invest In 2014: Bouygues SA (BOUYF.PK)
Bouygues SA is a France-based group that operates in two sectors: Telecommunications and Media, and Construction. The Construction division comprises three core subsidiaries: Bouygues Construction, specializing in building and public works activities, notably in the areas of electrical engineering, and facility maintenance; Bouygues Immobilier, a property development company, whose activities include the development of residential, corporate and commercial properties, and the execution of urban development schemes, and Colas, engaged in the construction and maintenance of transport, urban development and leisure infrastructure. The Telecommunications and Media division of the Group comprises two companies: TF1, specializing in audiovisual and cinema production, the acquisition and sale of audiovisual rights, and the publishing and distribution of compact discs, among others, and Bouygues Telecom, which offers mobile telephone and broadband Internet services. Advisors' Opinion:- [By Mike Arnold]
I normally don't look at charts much, but comparing Orange to its competitors in the French telecommunications market is quite fascinating. As one can see, incumbents Bouygues (BOUYF.PK) and Vivendi (VIVHY.PK) (owner of SFR) saw similar price declines. The market, on the other hand, rapidly bid up the price of new entrant Iliad SA (ILIAF.PK), as a result of forecasts for Iliad to capture significant mobile market share (which it did, around 10%). The wide divergence in price relative to changes in underlying value favor going long the incumbents, including Orange. Because this time it's different.
Top Construction Companies To Invest In 2014: Chicago Bridge & Iron Company NV (CBI)
Chicago Bridge & Iron Company N.V. (CB&I) is one of the integrated engineering, procurement and construction (EPC) services providers and process technology licensors, delivering solutions to customers primarily in the energy, petrochemical and natural resource industries. CB&I consist of three business sectors: Steel Plate Structures, Project Engineering and Construction, and Lummus Technology. Through these business sectors, the Company offers services both independently and on an integrated basis.
As of December 31, 2012, the Company had more than 900 projects in process in more than 70 countries. On February 13, 2013, it acquired The Shaw Group Inc. (Shaw).
Steel Plate Structures
Steel Plate Structures provides engineering, procurement, fabrication and construction services, including mechanical erection services, for the hydrocarbon, water and nuclear industries. Projects include above ground storage tanks, elevated storage tanks, Liquefied Natural Gas (LNG) tanks, pressure vessels, and other specialty structures, such as nuclear containment vessels. Customers include international energy companies, such as Chevron, ConocoPhillips, ExxonMobil and Shell; national energy companies, such as ADNOC (Abu Dhabi), CNOOC (China) and Saudi Aramco (Saudi Arabia); and regional energy companies, such as Kinder Morgan (United States) and Suncor (Canada).
Project Engineering and Construction
Project Engineering and Construction provides engineering, procurement, fabrication and construction services for upstream and downstream energy infrastructure facilities. Projects include LNG liquefaction and regasification terminals, gas processing plants, refinery units, petrochemical complexes and a wide range of other energy-related projects. Customers include international energy companies, such as British Petroleum, Chevron, ConocoPhillips, ExxonMobil and Shell; national energy companies, such as Ecopetrol (Colombia) and ORPIC (Oman); and regio! nal energy companies, such as Dominion (United States), Gazprom (Russia), Nexen (United Kingdom), and Woodside (Australia).
Lummus Technology
Lummus Technology provides licenses, services, catalysts and equipment for the hydrocarbon refining, petrochemical, and gas processing industries. Customers include international energy companies, such as Chevron and Shell; national energy companies, such as Pemex (Mexico), Petrochina (China), Rosneft (Russia) and Sabic (Saudi Arabia); and regional refiners and chemical and gas processing companies, such as China Coal (China), IRPC (Thailand), Kazakhstan Petrochemical (Kazakhstan), and Williams Energy Services (United States).
Power provides a range of services, including design, EPC, technology and consulting services, primarily to the fossil and nuclear power generation industries. Plant Services provides electric power refueling outage maintenance, turnaround maintenance, routine maintenance, offshore maintenance, modifications, capital construction, off-site modularization, fabrication, reliability engineering, plant engineering, plant support and specialty services. Additionally, it provides services to restore, rebuild, repair, renovate and modify industrial and electric power generation facilities, and offers predictive and preventive maintenance services. Environmental & Infrastructure (E&I) provides full-scale environmental and infrastructure services for government and private-sector clients. These services include program and project management, design-build, engineering and construction, sustainability and energy efficiency, remediation and restoration, science and technology, facilities management and emergency response and disaster recovery. Fabrication and Manufacturing is a worldwide supplier of fabricated piping systems primarily to the electric power, petrochemical and refinery industries, supporting both external clients and other Shaw business sectors.
Advisors' Opinion:- [By Selena Maranjian]
The biggest new holdings are Chicago Bridge & Iron (NYSE: CBI ) and Family Dollar. Chicago Bridge and Iron offers construction and engineering services to the energy and natural resources sectors, working on projects related to the water, hydrocarbon, and nuclear industries. It has been boosting�its revenue growth rate lately, and its latest earnings report featured a $1.9 billion gain in awards, growing its hefty backlog to $25.5 billion. The company bought Shaw Group last year, which is known for constructing nuclear-related buildings. The stock is up 60% over the past year and has averaged�annual growth of about 18.5% over the past decade. Analysts at Lazard Capital, which rate the stock a "buy," recently upped�their price target for it from $65 to $75.
- [By Rich Duprey]
Engineering and design firm for the energy industry�Chicago Bridge & Iron� (NYSE: CBI ) �announced yesterday�its second-quarter dividend of $0.05 per share, the same rate it has paid since the first quarter of 2011 when it reinstated its dividend following a three-year hiatus.
- [By MONEYMORNING.COM]
We've found such a company: Chicago Bridge & Iron Co. NV (NYSE: CBI). And we believe the time to move on this stock is now.
Here's why ...
Top Construction Companies To Invest In 2014: Oci NV (OCI)
Oci NV is a Netherlands-based company, which divides its activities into two groups. The first group is engaged in the design, construction and maintenance of industrial and commercial infrastructures and buildings, such as roads, ports, railroads, hospitals, stadiums and water treatment units. The second group is engaged in the production of fertilizers, such as anhydrous ammonia, granulated urea, calcium ammonium nitrate and urea ammonium nitrate, among others. The Company is a subsidiary of Orascom Construction Industries SAE, an international fertilizer producer and construction contractor based in Cairo, Egypt. In September 2013, it announced spin-off of its subsidiary OCI Partners LP. Advisors' Opinion:- [By Ahmed A. Namatalla]
OCI attracted $2 billion in commitments from a group of investors including Cascade Investment LLC, Gates�� personal investments vehicle, to help finance the move to Amsterdam, which it said would lower borrowing costs and boost its global profile. Yesterday�� settlement prompted Cairo-based investment bank Pharos Holding to raise Orascom to buy from hold, saying the construction and fertilizer company would proceed with an offer to investors to buy its Cairo-listed shares or swap them with OCI NV (OCI) stock.
Top Construction Companies To Invest In 2014: Stanley Black & Decker Inc.(SWK)
Stanley Black & Decker, Inc. manufactures tools and engineered security solutions worldwide. The company?s Security segment provides a range of mechanical and electronic security products and systems, as well as various security services consisting of security integration systems, software, and related installation, maintenance, monitoring services; automatic doors, door closers, and exit devices; healthcare storage and supply chain solutions; patient protection products; hardware; and locking mechanisms. This segment sells its products to retailers; educational, financial, and healthcare institutions; and commercial, governmental, and industrial customers through direct sales forces and third party distributors. Its Industrial segment offers mechanics tools and storage systems, including wrenches, sockets, electronic diagnostic tools, tool boxes, and industrial storage and retrieval systems; engineered healthcare storage and retrieval systems; hydraulic tools and accessor ies; plumbing, heating, and air conditioning tools; assembly tools and systems; and specialty tools. This segment sells its products to industrial customers through third party distributors and direct sales forces. The company?s Construction & Do-It-Yourself segment manufactures hand tools, including measuring and leveling tools, planes, hammers, demolition tools, knives and blades, saws, chisels, and consumer tackers; consumer mechanics tools; storage units comprising plastic and metal tool boxes; and pneumatic tools and fasteners for use in construction, remodeling, furniture making, pallet and manufacturing applications. This segment sells its products to professional end users and consumers through retailers, including home centers, mass merchants, hardware stores, and retail lumber yards. The company was formerly known as The Stanley Works and changed its name to Stanley Black & Decker, Inc. in March 2010. Stanley Black & Decker was founded in 1843 and is based in New B ritain, Connecticut.
Advisors' Opinion:- [By Tim Melvin]
It has been almost as silly in the other direction, too. Traders knocked billions off the market cap of Stanley Black & Decker (SWK) after the company actually reported a 44% improvement in earnings. And�Teradata (TDC) saw its corporate value trimmed by something like $1.5 billion after the company lowered its forecast.
- [By Louis Navellier]
Stanley Black and Decker�� (SWK) shares have had a nice year and have been red hot in the last quarter. The stock has jumped ahead by about 18% in the last three months, bringing the year to date return up to 22%. However, earnings this year are down compared to 2012, and consumer spending is losing steam at the same time the housing recovery is stalling. The stock was downgraded to a “D” ranking in Portfolio Grader this week and will remain a “sell” until fundamentals improve to match the story.
- [By Caroline Bennett]
The Board of Directors for industrial tool producer Stanley Black & Decker (NYSE: SWK ) has approved an increase to its quarterly dividend. The company's payout will go up $0.01 to a total of $0.50 per share, and will be payable on Sept. 17 to recorded shareholders as of Sept. 6.
Top Construction Companies To Invest In 2014: Wolseley PLC (WOS)
Wolseley plc is a specialist trade distributor of plumbing and heating products to professional contractors and a supplier of building materials in North America, the United Kingdom and Continental Europe. The Company operates in seven segments: USA, UK, Canada, Nordic, France, Central and Eastern Europe, and Group. On September 1 2009, the Company acquired Decorative Product Source, Inc, a company engaged in the distribution and supply of construction materials and services. On January 8, 2010, the Company disposed of 100% of Wolseley Ireland Holdings Limited, which comprised all the Company's businesses in the Republic of Ireland and the Brooks business in Northern Ireland. In November 2011, the Company announced that it had completed the sale of its remaining interest in Stock Building Supply to The Gores Group. In April 2012, the Company sold its Brossette, the French Plumbing and Heating business to Saint Gobain. In October 2012, the Company acquired Davis & Warshow, Inc. Advisors' Opinion:- [By Inyoung Hwang]
Wolseley Plc (WOS) added 3.1 percent to 3,296 pence, its largest gain in more than five weeks. The world�� biggest distributor of plumbing and heating products said so-called trading profit in the 12 months through July climbed to 725 million pounds ($1.2 billion) from 665 million pounds a year earlier. Analysts had predicted earnings of 704 million pounds, according to the average of 20 estimates compiled by the company. Wolseley proposed a special dividend payout of 300 million pounds.
Top Construction Companies To Invest In 2014: Forge Group Ltd (FRGXF)
Forge Group Limited is engaged in construction, commercial building, engineering, maintenance and workshop fabrication. Forge is the holding company of Cimeco Pty Ltd, Webb Construction West Africa Ltd, Abesque Engineering Ltd (Abesque) and CTEC Pty Ltd, which provide a range of engineering and construction services to a diverse range of clients particularly to the resource and oil and gas sectors through its operating entities. Cimeco provides construction services across a range of disciplines, including, commercial building, civil, concrete, structural, mechanical, piping, tanks and electrical. Webb specializes in structural, mechanical and pipe installation, tank fabrication and erection. Abesque specializes in the provision of engineering design, project management services to the resources sector, including base metals, gold and iron ore. In January 2014, Forge Group Limited announced that BlackRock Inc. and subsidiaries had ceased to be the substantial holder of the Company. Advisors' Opinion:- [By MARKETWATCH]
LOS ANGELES (MarketWatch) -- Australia stocks started solidly lower Tuesday, weighed by large losses on Wall Street, with the S&P/ASX 200 (AU:XJO) retreating 0.8% to 5,248.90. Globally sensitive stocks were among the leading decliners after a 1.3% pullback for the S&P 500 (SPX) in the U.S., with financial major Macquarie Group Ltd. (AU:MQG) (MCQEF) falling 2.2%, News Corp. (AU:NWS) (NWS) -- the parent of MarketWatch, publisher of this report -- off 1.4%, and construction-material firm James Hardie Industries SE (AU:JHX) (JHIUF) 1.2% lower. Miners came under pressure, with BHP Billiton Ltd. (AU:BHP) (BHP) down 0.9% and Oz Minerals Ltd. (AU:OZL) (OZMLF) dropping 1%, while Forge Group Ltd. (AU:FGE) (FRGXF) tumbled 12.8% after issuing a profit warning. On the upside, mild gains overnight for Comex gold futures helped the fortunes of some gold extractors, helping Newcrest Mining Ltd. (AU:NCM) (NCMGF) and Evolution Mining Ltd. (AU:EVN) (CAHPF)
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