Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Newport (NASDAQ: NEWP ) got crushed today, down by as much as 12% after the company reported earnings that fell short of expectations.
So what: Revenue in the first quarter came in at $132.6 million, which resulted in non-GAAP earnings per share of $0.16. Both figures missed Street forecasts of $138.2 million in sales and $0.19 per share in adjusted profit. CEO Robert J. Phillippy acknowledged that the company's primary markets were weak.
Now what: Newport expects conditions to improve throughout 2013, and second-quarter sales should be "slightly higher" than first quarter revenue, although the company opted not to provide specific outlook figures. Needham downgraded Newport from "buy" to "hold," subsequently, saying the next couple quarters could be difficult amid much uncertainty on the horizon. The analyst believes it will be hard to predict when things will improve.
5 Best High Tech Stocks To Invest In Right Now: Long Harbour Capital Corp (LHC.V)
Long Harbour Exploration Corp. engages in the acquisition and exploration of mineral resource interests in Canada. It owns a 100% interests in the Madison and 2Z Lake uranium properties located in the prolific Eastern Athabasca Basin. The company was formerly known as Long Harbour Capital Corp. and changed its name to Long Harbour Exploration Corp. in June 2011. Long Harbour Exploration Corp. was incorporated in 2004 and is based in Vancouver, Canada.
5 Best High Tech Stocks To Invest In Right Now: Magma Metals Limited.(MMW.AX)
Magma Metals Limited engages in the exploration, discovery, and development of precious and base metals mineral deposits in Australia and Canada. The company primarily explores for copper, nickel, platinum, palladium, and gold deposits. Its flagship project includes the Thunder Bay North project located in north-western Ontario. The company also holds interests in the Laverton nickel, Mt Jewell nickel, Roe gold-nickel-copper, Lake Grace and Griffins Find gold, and East Kimberley projects located in Western Australia. Magma Metals Limited was incorporated in 2005 and is based in West Perth, Australia.
Top 10 Forestry Companies To Buy Right Now: Baxter International Inc. (BAX)
Baxter International Inc., through its subsidiaries, develops, manufactures, and markets products for people with hemophilia, immune disorders, infectious diseases, kidney disease, trauma, and other chronic and acute medical conditions. It operates in three segments: BioScience, Medication Delivery, and Renal. The BioScience segment processes recombinant and plasma-based proteins to treat hemophilia and other bleeding disorders; plasma-based therapies to treat immune deficiencies, alpha 1-antitrypsin deficiency, burns and shock, and other chronic and acute blood-related conditions; products for regenerative medicine, such as biosurgery products; and vaccines. The Medication Delivery segment manufactures intravenous solutions and administration sets; premixed drugs and drug-reconstitution systems; pre-filled vials and syringes for injectable drugs; intravenous nutrition products; infusion pumps; and inhalation anesthetics. It also offers products and services related to pha rmacy compounding, drug formulation, and packaging technologies. The Renal segment provides products to treat end-stage renal disease or irreversible kidney failure. It manufactures solutions and other products for peritoneal dialysis, a home-based therapy; and distributes product for hemodialysis, which is conducted in a hospital or clinic. It markets its products to hospitals, kidney dialysis centers, nursing homes, rehabilitation centers, doctors? offices, clinical and medical research laboratories, and patients at home under physician supervision. The company was founded in 1931 and is based in Deerfield, Illinois.
5 Best High Tech Stocks To Invest In Right Now: Mad Catz Interactive Inc(MCZ)
Mad Catz Interactive, Inc. designs, manufactures, markets, sells, and distributes accessories for videogame platforms and personal computers (PC), as well as for iPod and other audio devices. Its products include videogame, PC, and audio accessories, such as control pads, video cables, steering wheels, joysticks, memory cards, light guns, flight sticks, dance pads, microphones, car adapters, carry cases, mice, keyboards, and headsets. It markets its products primarily under the Mad Catz, Saitek, Cyborg, Eclipse, Joytech, GameShark, Tritton, and AirDrives brands. The company also develops flight simulation software; operates flight simulation centers under its Saitek brand; operates a videogame content Website under its GameShark brand; publishes games under its Mad Catz brand; and distributes games and videogame products for third parties. It distributes its products through retailers in the United States, Europe, and Canada, as well as in Australia, Japan, Korea, New Zeal and, and Singapore. The company was founded in 1989 and is headquartered in San Diego, California
Advisors' Opinion:- [By Louis Navellier]
Video game accessory developer and manufacturer Mad Catz Interactive Inc. (AMEX: MCZ) has been the biggest winner on this list. Since last May, MCZ has climbed 321%, and this penny stock is up 51% year to date. Last quarter, MCZ posted year-over-year quarterly revenue growth of 91%. Buy this stock with a 52-week range of 34 cents to $2.39.
5 Best High Tech Stocks To Invest In Right Now: CenturyLink Inc.(CTL)
CenturyLink, Inc., together with its subsidiaries, operates as an integrated communications company. The company provides a range of communications services, including voice, Internet, data, and video services in the continental United States. Its services include local exchange and long distance voice telephone services, as well as enhanced voice services, such as call forwarding, caller identification, conference calling, voicemail, selective call ringing, and call waiting; wholesale local network access services; and data services, including high-speed Internet access services, data transmission services over special circuits and private lines, and switched digital television services, as well as special access and private line services. The company also offers fiber transport, competitive local exchange carrier, security monitoring, and other communications, as well as professional and business information services. In addition, it provides other related services, such as leasing, selling, installing, and maintaining customer premise telecommunications equipment and wiring; payphone services; and network database services, as well as participates in the publication of local telephone directories. Further, the company offers printing, direct mail services, and cable television services; and wireless broadband Internet access services and satellite television services. As of December 31, 2010, it operated approximately 6.5 million telephone access lines. CenturyLink, Inc was founded in 1968 and is based in Monroe, Louisiana.
Advisors' Opinion:- [By Paul]
CenturyLink (CTL), provides a range of communications services, including local and long distance voice, wholesale network access, high-speed Internet access, other data services, and video services in the continental United States. The company is a member of the elite dividend aristocrats index, and has raised dividends for 37 consecutive years. In comparison to the previous two telecom players, CenturyLink has been able to cover its distributions from EPS, although its payout ratio is a scary 92.70%. Yield: 7.20%.
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