Thursday - December 2, 2004
 Want to view the archive of past issues? Go here. Get Profit from the Pros content in Real Time. Learn more about this free tool at: http://at.zacks.com/?id=1517. Manage Profit from the Pros subscription: 1. FEATURED EXPERTS Here we cast the spotlight on a timely Featured Expert commentary that recently appeared on Zacks.com. Following the article you will find previews of other profitable commentaries with insights and recommendations from leading investment experts.
Agnico Eagle (NYSE: AEM) reported its third strong quarter in a row helped by higher realized gold prices ($409) and net byproduct contributions – making for a strong comeback after a mining accident set it back for most of last year. Hence, AEM’s gold production was up a full 1/3 in the third quarter relative to the depressed year ago comparison. Agnico Eagle earned US $0.12 per share compared to a 14 cent/share loss in the same quarter last year – basic and diluted – for a total of 38 cents in the nine months ending September 2004 relative to a 26 cent loss in the same period the prior year. Cash and metals inventory on hand grew by $20 million over the prior (second) quarter to US$162 million, or US $1.59 per share. But for a small 6 cent per share profit in 2002 the current result is the first real profit that Agnico Eagle's shareholders have seen since the early to mid nineties. More. . .
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Overall, the results bettered both the prior quarter and the year ago quarter but fell slightly short of the first quarter this year. Management forecasts yearend gold production at 280,000 ounces; and silver production at 5.6 million ounces. That compares with 236,000 gold ounces and 3.9 million silver ounces produced in 2003. Wheaton River (AMEX: WHT) continues to set an example for companies that wish to grow by issuing shares as fast as the Fed issues money, or faster in Wheaton’s case. Despite the 10-fold explosion in shares outstanding since 2001, the company has grown “per share” earnings and cashflows from roughly zero, steadily, to about 15 cents last year, and could be on its way to making 20 and 30 cents respectively in 2004. Gold equivalent production increased 45 percent in the third quarter compared with the same period last year (or 13% on a per share basis) – byproduct production contributed more than half to revenues during the quarter. As in Agnico Eagle’s case, the exceptional gains in the price of silver and copper accounted for most of the growth, and the reduction in total cash costs per ounce of gold produced (Wheaton accounts for byproduct revenues by applying them as credits against per gold ounce production costs). Newmont Mining (NYSE: NEM): Production costs stopped rising in Q3 but were still 16% higher than the same period last year. Attributable gold sales were up on the previous quarter but down 16 percent compared with the year ago quarter. Offsetting this was a 10% increase in realized gold prices and a big jump in non-gold (base metals) production (base metal revenues were $273 million compared with $10 million in Q3 2003 - accounting for an extra 22 cents to the bottom line after costs). In terms of the top line and pre-tax mine operating results it was Newmont's best quarter ever. The company earned 29 cents per share (GAAP) compared with 28 cents in the year ago period. But equity income from associates contributed 8 cents per share to the bottom line in the year ago period yet less than a penny in the current quarter; while other non-operating gains contributed another 11 cents in the year ago quarter. Excluding these two items, Newmont would have earned just 9 cents per share in the year ago period. Placer Dome (NYSE: PDG) reported GAAP bottom line almost tripled expectations for 12 cents. The company reported US$0.34 / share in basic and fully diluted earnings for the third quarter, compared with only 6 cents in the same quarter last year and despite lower realized gold prices (unlike most producers reporting up to 15% “higher” realized prices in the year over year comparison). However, an 18 cent / share tax gain (“relating to the reversal of a previously accrued tax and interest liability for Ontario mining taxes as a result of a decision by the Ontario Court of Appeal which ruled in favor of Placer Dome”) as well as another 9 cent “non-cash tax gain for previously unrecorded tax benefits in Australia” buffeted those numbers. Excluding these special items Placer’s results fell short of expectations for the most part. The company blamed the shortfall on the fact that “stronger copper mine operating earnings were countered by weaker gold mine operating earnings in the third quarter,” and even blamed the decline in cash to some extent on “lower mine operating earnings.” Meridian Gold (NYSE: MDG) continues to deliver solid financial results. There have been no disappointments since having to mothball Esquel in 2002; GAAP earnings have come in at 10 cents per share for the fourth quarter in a row. Gold production was down about 2% on the quarter, but silver production has grown steadily (+30% compared with the year ago quarter, and +4% on the prior quarter). Cash operating costs continued to fall - total cash costs per ounce are down 22% year over year (the only other two producers that reported a drop in production costs were Agnico Eagle and Wheaton). Do you need to formulate or reconcile your investment allocation strategy and outlook? Are you interested in developments in assets including equities, bonds, currencies, and commodities? The Goldenbar report covers currencies, commodities, bullion, bond, as well as international stock market trends and developments. Its focus is on the macro economic/financial variables affecting valuation, and technical developments affecting both the particular asset and its intermarket relationships. Learn more about this newsletter and free trial offer at: http://at.zacks.com/?id=312. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - b) Sunny Days for Healthcare Company Bill Martin & Matt Ragas detail their most recent purchase of a
Health Care company in the midst of a strong turnaround. More... Tim Murray says the longer the market consolidates sideways the
more likely the next move will be to the upside. Be ready for a
possible breakout with five of this expert’s portfolio
positions. More... Sometimes only hindsight can explain sector movement, according
to mutual fund expert Ron Rowland, who uses the HMO sector as an
example. Find out why this space has improved in recent weeks
and how this expert took advantage. More... e) In the Correction Camp...For Now Richard Rhodes details the reasons he expects the market to back
off for a bit, including a review of recent worldwide retail
data. More... f) Looking for Next Source of Fuel for Growth Adam Oliensis reviews the most recent economic news and details
the search for what will drive the economy forward over the next
months. More... Featured Expert articles are courtesy of the 60+ leading investment newsletters that have partnered with us to create the Zacks Expert Advice service. Check out the Experts section of Zacks.com daily to find profitable stock picks and timely market commentary at: http://at.zacks.com/?id=637.
2. WEEKLY COMMENTARY: Experts Watch Zacks.com offers 3 unique weekly commentaries that all further
our mission to help you Profit from the Pros. Today is the
latest installment of Experts Watch from Trace Johnson. Each
week Trace shares winning strategies from leading investment
experts to outperform in any market environment. Has the Bull Moment Passed? After roaring out of the post-election gates, the market is taking a bit of a breather weighed down by disappointing initial retail numbers. Balancing the technical and economic pictures is important in determining whether investors are merely taking a breather, and some profits, or whether some ‘key reversals’ may portend a top before January. Economic data releases in the pipeline will influence those chart patterns, and some are hoping for a wall of worry that the market can climb. Learn what the Experts are looking for to signal confirmation in either direction and the prudent path to take, and positions that will be wise regardless. Adam Oliensis, editor of the Agile Trader, is a technical master who tracks a number of his own indices along with many of the other conventional technical analysis schools. Oliensis notes a neat little M top in the chart of the S&P 500. The low on the middle dip falls around 1,170 on that chart, and Oliensis feels that if the index breaks through that level, it will fall to 1,148. Price Headley, editor of the BigTrends NetLetter agrees with Oliensis and notes that the support is at the 10 day moving average of 1,177, and that there is some resistance at 1,188. Headley sees the longer term support at the 50 day line of 1,137, and doesn’t think the S&P will violate that level. More...
And More... Click here to read the full article with commentary and
recommendations from leading market experts. http://at.zacks.com/?id=14 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - SCREEN OF THE WEEK Using Common Sense to Manage your Portfolio Kevin Matras shows how monitoring the stocks you’re in can be as
important as picking the stocks you get into. It’s simple common
sense but it can make all of the difference. He also gives out
three top picks from some of his winningest screens. More... ALL STAR TOP PICKS The Holiday Shopping Season Begins! October was a strong month for retailers, but what about
November and December? The All Stars have five recommendations
from the clothing retail industry to keep you in the black even
if consumers get stingy. More... 3. BEST OF ZACKS INDEPENDENT RESEARCH The analysts from Zacks Independent Research create a mountain of insightful equity research everyday of the week. Here you will find the best of that information recently published on Zacks.com. BULL OF THE DAY Motorola (MOT) - Better-Than-Expected Performance Martha Stewart Living (MSO) - Heavy Near-Term Operating Losses Business Services Comply with Sarbanes Oxley--Then What? Variety in Media Help, Hinder Industry Fourth Quarter Preannouncements On Deck
4. ZacksAdvisor.com TIMELY BUY of the WEEK Autodesk, Inc. (ADSK) Autodesk, Inc. (ADSK) is a design software and digital content company with two operating segments, Design Solutions and Discreet. The principal products sold by the Design Solutions segment include AutoCAD and AutoCAD LT products. In addition to software products, the segment offers a range of services, including consulting, support and training. The Discreet segment develops, integrates, markets, sells and supports film and television compositing systems, High-Definition and Standard- Definition broadcast editorial and finishing systems, Digital Cinema production systems for color grading and film finishing and animation, visualization and streaming media products. In addition to the customers served by the two operating segments, the Company's Location Services division offers a technology platform designed to deliver location-based applications to wired, mobile and wireless users. Autodesk, Inc. is wholly focused on ensuring that great ideas are turned into reality. With six million users, Autodesk is the world's leading software and services company for the building, manufacturing, infrastructure, digital media, and wireless data services fields. Autodesk's solutions help customers create, manage, and share their data and digital assets more effectively. As a result, customers turn ideas into competitive advantage by becoming more productive, streamlining project efficiency, and maximizing profits. Founded in 1982, Autodesk is headquartered in San Rafael, California. For additional information about Autodesk, please visit www.autodesk.com.
Autodesk shares spiked higher on Friday (11/19) after the company reported third-quarter earnings of $48 million, or $0.38 per share, versus $23 million, or $0.20 per share, in the same period a year ago. The results were four cents above expectations.
OTHER TOOLS FROM ZACKS At the heart of Zacks Investment Research is the Zacks Rank investment philosophy that continues to vastly outperform the market. Our Zacks #1 Ranked (Strong Buys) have produced the following results for investors:
And just as importantly, our #5 Ranked stocks (Strong Sells) have alerted investors as to which stocks to dump from their portfolios to avoid unnecessary losses. To truly take advantage of the Zacks Rank, you need to first understand how it works. That`s why we created the free special report; Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions. Download a free copy now to prosper in the years to come at: http://at.zacks.com/?id=1424. Or view the full list of Zacks #1 Ranked stocks at: http://at.zacks.com/?id=1423. FREE PORTFOLIO TRACKER Do you believe that these events affect stock prices?
If you answered yes, then how are you staying on top of these changes for your stocks? If you are one of the 45,000 investors who wake up every morning to the Daily Portfolio Updates emails from Zacks.com, then you are all set. If not, then sign up now to get this vital information sent to you daily to help take definitive action to improve your portfolio's performance. Did we mention it's free? Get started now! We hope you enjoyed this issue of "Profit from the Pros", And we look forward to visiting with you again next week. REFER-A-FRIEND If you enjoy this e-mail newsletter, then please pass it along to a friend. Simply forward them the link below to sign up for their own free subscription. If you're reading a forwarded copy, sign up for your own, so you get this wealth of information every week. Just click here. THANKS! Regards and Happy Investing, Stephen Reitmeister p.s. What is the mission for Zacks Profit from the Pros? Click here to find out how we will help you become a more successful investor. *The S&P 500 Index is a well-known, unmanaged index of the prices of 500 large-company common stocks, mainly blue-chip stocks, selected by Standard & Poor's. The S&P 500 Index assumes reinvestment of dividends but does not reflect advisory fees. An investor cannot invest directly in an index. Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security. To contact us by mail: Zacks Investment Research To unsubscribe from receiving "Profit from the Pros" e-mail newsletter, click here. | |||||||||||
- Latest News
- Most Popular
- How to Invest in QE's Twilight
- RTI: Fed Keeps QE Pace Unchanged
- ETFs on the Move After Bernanke's Press Conference
- Roundtable Top Picks of the Week
- FED Front & Center Again
- RTI: Sector Strength Charts - Where's the Opportunity Now?
- Surging Financial ETFs Beating the Market
- Utility Industry Stock Outlook - June 2013
- Your Next Stock Should Be Making New Highs
- AWS 6/19: Will Bernanke Clarify Matters Today?
- PFP 6/19: Investors Bold in Wake of the Fed
Recent Quotes
| No Recent Quote currently available |
My Portfolio
|
My Portfolio Tracker One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts. Set yours up today. |
Zacks #1 Stocks on the Move 06/19/2013
| Company Name | Symbol | %Change |
|---|---|---|
| SONIC FOUNDR | SOFO | 4.40% |
| SUPPORTCOM I | SPRT | 3.75% |
| UNISYS CORP | UIS | 3.31% |
| SHORETEL INC | SHOR | 3.22% |
| GREEN MOUNTA | GMCR | 3.13% |
Quick Links
Resources
Client Support
Zacks Research is Reported On:
Zacks Investment Research
is an A+ Rated BBB
Accredited Business.
Copyright 2013 Zacks Investment Research
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1986 it has nearly tripled the S&P 500 with an average gain of +26% per year. These returns cover a period from 1986-2011 and were examined and attested by Baker Tilly, an independent accounting firm.
Visit performance for information about the performance numbers displayed above.
NYSE and AMEX data is at least 20 minutes delayed. NASDAQ data is at least 15 minutes delayed.