Recently my colleague Morgan Housel wrote about how 2013 has been a very light year in terms of volatility. Morgan noted that the Dow Jones Industrial Average (DJINDICES: ^DJI ) is on track to be the least volatile year since 1995, based on the number of days in which the index has moved higher or lower by 1% or more. If things remain the same for the rest of the year, it will be the 13th least volatile year since 1928.
On Aug. 13, Morgan wrote:
Since 1928, the Dow has closed up or down more than 1% an average of 57 days per year. So far this year, there have been 15 closes up or down more than 1%. If that trend holds, we'll finish the year with about 21 1% days. Compare that with 148 1% days in 2009, 79 in 2010, and 54 in 2011.
Since the time Morgan's article was published, the Dow closed down 1.47% on Aug. 15, bringing the total 1% moves for the Dow to 16 in 2013. Morgan's estimate of 21 total days in 2013 of 1% moves may likely hold up, but I think we'll see more than what Morgan is predicting, based on the reasons for which we've experienced volatility thus far in 2013.
10 Best Oil Service Stocks To Watch Right Now: World Wrestling Entertainment Inc.(WWE)
World Wrestling Entertainment, Inc., an integrated media and entertainment company, engages in the sports entertainment business. The company develops content centered around its talent, and presents at its live and televised events featuring World Wrestling Entertainment. It operates through four segments: Live and Televised Entertainment, Consumer Products, Digital Media, and WWE Studios. The Live and Televised Entertainment segment conducts live events; produces television shows; sells merchandise at its live events; provides sponsorships, such as various promotional vehicles, including Internet and print advertising, arena signage, on-air announcements, and pay-per-view sponsorships for advertisers; offers television rights; and markets and promotes the storylines associated with pay-per-view events. It also provides WWE Classics On Demand, a subscription video on demand service that offers classic television shows, pay-per-view events, specials, and original programmi ng. This segment distributes its programming in approximately 30 languages and in approximately 145 countries. Its merchandise consists of various WWE-branded products, such as T-shirts, caps, and other novelty items. The Consumer Products segment licenses and sells retail products, including toys, video games, home videos, apparel, and books; and publishes magazines comprising lifestyle publications with native language editions in the UK, Mexico, Greece, and Turkey. The Digital Media segment operates Web sites; provides advertising services; sells merchandise on its Web site at WWEShop Internet storefront; and offers broadband and mobile content. The WWE Studios segment is involved in the distribution of entertainment films. This segment focuses on creating a mix of filmed entertainment. The company was founded in 1980 and is based in Stamford, Connecticut.
Advisors' Opinion:- [By Matt Egan]
WWE (WWE) revealed plans on Thursday to slash 7% of its workforce in an effort to save cash.
A WWE spokesman said the job cuts will impact all business units and locations. He said the pink slips will begin flying on Thursday.
- [By DAILYFINANCE]
Courtesy: WWE ORLANDO, Fla. -- Bodies crashing to the ground and being slung against the springy ropes of the ring. The slapping of skin as hulking men and women grapple and hurl blows at one another. The clink of free weights and the roar of broadcasters practicing to get it just right for the cameras. Welcome to World Wrestling Entertainment's (WWE) Performance Center, a $2.5 million, 26,000-square foot facility that opened last month, replacing a much smaller and antiquated facility in Tampa. It's both a graduate school of sorts for the WWE's next generation of talent and a training and rehabilitation center for its top-tier pro wrestlers, called "Superstars" and "Divas." "Most kids grow up and at least at some point in their lives want to be a fireman or a cop. I've always wanted to be a pro wrestler since I was a little kid," said 29-year-old Corey Graves, one of the 75 aspiring wrestlers based at the center. The largest part of the facility is a vast space featuring seven wrestling rings that makes the new Orlando facility the largest training facility WWE has ever built. Wrestler Xavier Woods, 26, said it's the kind of environment he always hoped to train in. "When I first started, the guy that was training us rented out the back of a storage unit, just a tight little space with bugs and everything. It was like the lowest-level thing you could do," Woods said. "So to be in a place like this ... it's literally unreal." Aspiring wrestlers currently in training range from former NFL players and Olympians to a former beauty pageant contestant. They signed contracts allowing them to work solely on becoming wrestlers. "One hundred percent, this is their jobs," said Jane Geddes, WWE senior vice president of talent and development. Courtesy: WWE Geddes said the WWE built the center envisioning a place where up-and-comers could train alongside established professionals. WWE is the major leagues of pro wrestling, with a half-billion dollars in annual reven
- [By Monica Gerson]
World Wrestling Entertainment (NYSE: WWE) shares dropped 44.81% to $11.00 in pre-market trading following announcement of NBCUniveral deal on Thursday.
- [By Jake L'Ecuyer]
Equities Trading DOWN
Shares of World Wrestling Entertainment (NYSE: WWE) were 42.50 percent to $11.46 following announcement of NBCUniveral deal on Thursday. Benchmark downgraded WWE from Buy to Hold.
Top 5 Healthcare Equipment Stocks To Watch For 2014: CECO Environmental Corp.(CECE)
CECO Environmental Corp. provides air-pollution control technology products and services worldwide. The company offers engineered equipment, cyclones, scrubbers, dampers, diverters, regenerative thermal oxidizers, component parts, and monitoring and managing services. Its Engineered Equipment Technology and Parts Group segment provides air handling equipment and systems for filtering, cooling, heating, and capturing emissions in the metal industries; systems for corrosion protection, fugitive emissions control, evaporative cooling, and other ventilation and air handling applications; and fume exhaust systems that provide control of oil mist and fumes, as well as remove liquid particles and vapor phase emissions from rolling mill, machining, and other oil mist generating processes. This segment also markets a strip cooler under the JET*STAR name designed to cool metal strip coatings. The company?s Contracting/Services Group segment offers oil mist collection, dust collecti on, industrial exhaust, chip collection, make-up air, and automotive spray booth systems, as well as industrial and process piping, and other industrial sheet metal works. This segment also engages in fabricating parts, engineered subassemblies, and customized products for air pollution and non-air pollution systems from sheet, plate, and structurals. Its Component Parts Group segment manufactures and markets component parts for industrial air systems to contractors, distributors, and dealers. The company markets its products and services under the Kirk & Blum, CECO Filters, Busch International, CECO Abatement Systems, KB Duct, Effox, Fisher-Klosterman, Buell, A.V.C., FKI, and Flextor names. It serves aerospace, brick, cement, steel, ceramics, metalworking, printing, paper, food, foundries, utilities, metal plating, woodworking, chemicals, glass, automotive, ethanol, pharmaceuticals, and refining industries. CECO Environmental Corp. was founded in 1966 and is headquartered i n Cincinnati, Ohio.
Advisors' Opinion:- [By Seth Jayson]
Calling all cash flows
When you are trying to buy the market's best stocks, it's worth checking up on your companies' free cash flow once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That's what we do with this series. Today, we're checking in on CECO Environmental (Nasdaq: CECE ) , whose recent revenue and earnings are plotted below.
Top 5 Healthcare Equipment Stocks To Watch For 2014: Scana Corporation(SCG)
SCANA Corporation and its subsidiaries engage in the generation, transmission, distribution, and sale of electricity to retail and wholesale customers in South Carolina. It owns nuclear, coal, hydro, oil and gas, and biomass generating facilities. The company also purchases, sells, and transports natural gas; offers energy-related risk management services; acquires, owns, and provides financing for nuclear fuel, fossil fuel, and emission allowances; and offers service contracts on home appliances, and heating and air conditioning units. In addition, SCANA Corporation owns two liquefied natural gas plants, including one located near Charleston, and the other in Salley, South Carolina; and provides tower site construction, management, and rental services in South Carolina and North Carolina. As of December 31, 2010, the company supplied electricity to approximately 660,000 customers; and natural gas to approximately 482,000 residential, commercial, and industrial customers i n North Carolina, and 313,500 customers in South Carolina, as well as to approximately 460,000 customers in Georgia. Further, SCANA Corporation owns and operates a 500-mile fiber optic telecommunications network and Ethernet network, and data center facilities in South Carolina. Through a joint venture, it builds, manages, and leases communications towers with interest in 2,280 miles of fiber in South Carolina, North Carolina, and Georgia. The company?s retail customers comprise municipalities, electric cooperatives, other investor-owned utilities, registered marketers, and federal and state electric agencies. It primarily serves chemicals, educational services, paper products, food products, lumber and wood products, health services, textile manufacturing, rubber and miscellaneous plastic products, and fabricated metal products industries. The company is based in Cayce, South Carolina.
Advisors' Opinion:- [By David Dittman]
SCANA Corp (NYSE: SCG) is the jewel of this set of companies, with an almost-perfect UF Safety Rating. SCANA�� Carolinas-based utilities enjoy favorable regulatory relations and operate in one of the strongest economic regions in the US.
Top 5 Healthcare Equipment Stocks To Watch For 2014: KVH Industries Inc.(KVHI)
KVH Industries, Inc. engages in the development, manufacture, and marketing of mobile communication products for the marine, land mobile, and aeronautical markets primarily in North America, Europe, and Asia. The company also offers navigation, guidance, and stabilization products for the defense and commercial markets. Its mobile communications products and airtime services include TracVision; TracPhone; CommBox system, a middleware software; and mini-VSAT broadband airtime, which enable customers to receive voice, Internet, and live digital television services in their marine vessels, recreational vehicles, automobiles, and commercial airplanes through satellite. The company?s guidance and stabilization products consist of precision fiber optic gyro based systems that help stabilize platforms, such as gun turrets, remote weapon stations, and radar units, as well as provides guidance for munitions; and tactical navigation systems that offer access to navigation and point ing information in a range of military vehicles, including tactical trucks and light armored vehicles. Its guidance and stabilization products are used in various commercial applications comprising precision mapping, dynamic surveying, autonomous vehicles, train location control and track geometry measurement systems, industrial robotics, and optical stabilization. The company sells its mobile communications products through an international network of retailers, distributors, and dealers; and guidance and stabilization products directly to the United States and allied governments, and government contractors, as well as through an international network of authorized independent sales representatives. It also leases its products directly to end users. The company was founded in 1978 and is headquartered in Middletown, Rhode Island.
Advisors' Opinion:- [By Seth Jayson]
Calling all cash flows
When you are trying to buy the market's best stocks, it's worth checking up on your companies' free cash flow once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That's what we do with this series. Today, we're checking in on KVH Industries (Nasdaq: KVHI ) , whose recent revenue and earnings are plotted below. - [By Seth Jayson]
Calling all cash flows
When you are trying to buy the market's best stocks, it's worth checking up on your companies' free cash flow once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That's what we do with this series. Today, we're checking in on KVH Industries (Nasdaq: KVHI ) , whose recent revenue and earnings are plotted below.
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