Previously, we’ve chronicled some of the winners and losers from the recent trade war that has seen multiple rounds of tariffs enacted on imports to the U.S. and retaliatory tariffs imposed by other nations on U.S. exports.
Steel companies U.S. Steel (NYSE:X) and Nucor (NYSE:NUE) have successfully navigated the tariff structure in a way that has allowed them to raise prices and increase earnings, while Harley Davidson (NYSE:HOG) has estimated that EU tariffs will cost the motorcycle manufacturer $100M/year and is planning to move production for the European market offshore to avoid the tariffs.
The latest victims of the trade war seem to be food producers who have seen prices fall on trade uncertainty and costs rise – especially the prices of steel and aluminum packaging – as well as arecent uptick in feed prices.
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Food Stocks Are Getting Hurt by Tariffs: Hormel Foods (HRL)
Hormel Foods (NYSE:HRL), the maker of SPAM as well as Skippy peanut butter and Jennie-O Turkey, reported Q2 results Thursday that were basically in-line, beating the Zacks Consensus Estimate for earnings by a penny and exactly matching the sales estimate of $2.4B.
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SiriusXM (NASDAQ:SIRI) has quietly become a sort of default option for many car owners. Since the service is built into many new vehicles, people get to sample it, and it's very easy to keep the service beyond the initial trial.
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When Sirius and XM merged in 2008 to become Sirius XM Holdings Inc. (NASDAQ:SIRI), the combined company still filled a need. It offered depth and niche choices in music that conventional radio did not. In addition, the service had talk offerings led by Howard Stern that were unlike anything found on terrestrial radio, and an impressive array of sports broadcasting rights.
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Sirius XM Holdings (NASDAQ:SIRI) is gearing up for a big earnings announcement this week. The satellite radio provider reports first-quarter results before Wednesday's market open, and a lot is riding on its financial performance. Sirius XM has been one of the market's biggest winners since bottoming out at $0.05 -- yes, a nickel -- in 2009. The stock is now a 127-bagger, and it hit a new 12-year high just last month.
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In this segment from Motley Fool Money, host Chris Hill asks analysts David Kretzmann, Seth Jayson, and Jason Moser to share the companies they have their eyes on this week, and why. Their picks are not entirely bullish: Of satellite radio provider Sirius XM (NASDAQ:SIRI), RV maker Thor Industries (NYSE:THO), and mailing and shipping solutions provider Stamps.com (NASDAQ:STMP), only two are recommendations. The third...well, listen in and find out.
Top Penny Stocks To Buy Right Now: Patni Computer Systems Limited(PTI)
Advisors' Opinion:- [By Chris Lange]
Proteostasis Therapeutics Inc. (NASDAQ: PTI) saw its shares slide early on Thursday after the company reported that it had positive data from its early stage trial in cystic fibrosis (CF). These results come from the firm's ongoing Phase 1 dosing study of PTI-801 in CF patients on background Orkambi (lumacaftor/ivacaftor) therapy.
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Investors Real Estate Trust (NYSE:IRET) Q4 2018 Earnings Conference CallJun. 28, 2018 10:00 a.m. ET
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Investors Real Estate Trust (NYSE:IRET) Q1 2019 Earnings Conference CallSep. 11, 2018 10:00 a.m. ET
Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:Operator
Top Penny Stocks To Buy Right Now: America First Tax Exempt Investors L.P.(ATAX)
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- [By Joseph Griffin]
Bank of Montreal Can bought a new position in shares of America First Multifamily Investors LP (NASDAQ:ATAX) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 22,500 shares of the financial services provider’s stock, valued at approximately $143,000.
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America First Multifamily Investors LP (NASDAQ:ATAX) Director Lisa Y. Roskens bought 5,965 shares of the stock in a transaction that occurred on Monday, August 27th. The shares were purchased at an average price of $5.95 per share, for a total transaction of $35,491.75. Following the purchase, the director now owns 100,069 shares in the company, valued at approximately $595,410.55. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
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