"Our last two years have been the biggest commitment of capital in our history," said Larry Webster, CEO of Upstate Niagara Cooperative, which is supplying the milk to both Alpina Foods' and M眉ller Quaker Dairy's yogurt plants.
Webster won't say exactly how much capital he's talking about, but the investment includes buying a yogurt plant in the northern part of New York state and expanding its western New York plants. Upstate is also an owner of O-At-Ka Milk Products Cooperative, which has expanded its Batavia, N.Y., plant, too.
Top 10 Heal Care Stocks To Watch Right Now: Heidelberger Druckmaschinen AG (HDD)
Heidelberger Druckmaschinen AG is a German producer of solutions for the print media industry. The Company divides its activities into the three business segments Heidelberg Equipment, Heidelberg Services as well as Heidelberg Financial Services. Its product portfolio includes the prepress area with the Suprasetter product family; the press area, which comprises Speedmaster product families, that are used for classical offset printing, as well as for special applications, such as ultraviolet (UV) printing; as well as the postpress area, that includes cutters, folders, saddle stitchers, adhesive binders, die-cutting products, folding carton gluing machines and label systems. The Company also offers a range of spare parts and used equipment, as well as training programs and its own printing process automation software, Prinect. As of December 31, 2011, the Company operated three domestic subsidiaries and a number of foreign subsidiaries in Europe, Africa, Asia and Brazil, among others. Advisors' Opinion:- [By Nicolas73]
Seagate Technology (STX) is a company involved in the design, manufacture, marketing and selling of Hard Disk Drives (HDD).
They produce HDDs for enterprise applications (e.g. enterprise servers), client compute applications (mainly for notebooks), and non-compute applications (e.g. portable devices).
- [By ICRAOnline]
Second-quarter revenue dropped 3.8% to $3.53 billion due to weakening hard disk drive (HDD) demand, reflecting the continuous slump in the PC industry. And even though low-cost and reliable HDDs are demanded by the burgeoning cloud storage space, Seagate�� high-margin HDD sales were poorer than expectations. On the flip side, demand for HDDs from consumer electronics, external storage and network-attached storage areas progressed well.
- [By Patricio Kehoe]
Seagate Technology (STX) has the ability to look for strategic acquisitions that easily synergize with the current operations. As a consequence, Seagate is going to acquire Xyratex, whose shares went up 27.3% on the announcement day and remain at that price level. The deal will help Seagate acquire testing equipment for its hard disk drives (HDD) along with storage systems to analyze and manage network data. It is expected that the deal will close in mid-2014, and add about $500 million or more in revenue in its fiscal year 2015.
Top 5 Trucking Stocks To Own For 2014: Ishares Nasdaq Biotechnology (IBB)
iShares Nasdaq Biotechnology Index Fund (the Fund) seeks investment results that correspond generally to the price and yield performance of the NASDAQ Biotechnology Index (the Index). The Index consists of securities of NASDAQ-listed companies that are classified according to the Industry Classification Benchmark as either biotechnology or pharmaceuticals, and which also meet other eligibility criteria. The Index is one of the eight sub-indices of the NASDAQ Composite, which measures all common stocks listed on The NASDAQ Stock Market, Inc.
The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. The Fund�� investment advisor is Barclays Global Fund Advisors.
Advisors' Opinion:- [By George Budwell]
Health-care stocks have had a good year, with the iShares�NASDAQ Biotechnology Index (NASDAQ: IBB ) rising more than 59% year to date. With that in mind, here's a Fool's look at three stocks that led the sector last week.�
- [By John Udovich]
Yesterday, shares of small cap pain stock�Zalicus Inc (NASDAQ: ZLCS) caused�recent investors some extreme plain�when shares plunged 72.28% (but�are still up 100% since the start of the year) after drug candidate Z160 failed two mid-stage clinical trials���meaning�its probably time to take an objective look at what to do with this stock (as it intends to�focus on its pain treatment Z944) plus take a look at the performance of biotech industry benchmarks like the iShares NASDAQ Biotechnology Index ETF (NASDAQ: IBB) and SPDR S&P Biotech ETF (NYSEARCA: XBI).
- [By Ben Levisohn]
Shares of Gilead have gained 6.4% this year, while Amgen has dropped 0.8% and Biogen Idec has risen 3.6%. The iShares Nasdaq Biotechnology ETF (IBB) has advanced 1.4% so far this year.
- [By Keith Speights]
One good pick is the iShares Nasdaq Biotechnology ETF (NASDAQ: IBB ) . iShares started this ETF back in 2001 to track the performance of the NASDAQ Biotechnology Index. The fund usually has at least 90% of its portfolio invested in biotech or pharmaceutical stocks. Its annual expense ratio stands at 0.48%.
Top 5 Trucking Stocks To Own For 2014: ING Groep NV (ING)
ING Groep N.V. (ING), incorporated in 1991, is a global financial institution offering banking, investments, life insurance and retirement services to meet the needs of the customers. The Company�� segments include banking and insurance. Banking segment includes retail Netherlands, retail Belgium, ING direct, retail central Europe (CE), retail Asia, commercial banking (excluding real estate), ING real estate and corporate line banking. Insurance segment includes insurance Benelux, insurance central and rest of Europe (CRE), insurance United States (US), Insurance US closed block VA, insurance Asia/Pacific, ING investment management (IM) and corporate line insurance. In February 2011, the Company divested its real estate investment operation ING Real Estate Investment Management (ING REIM) to CB Richard Ellis Group Inc. In June 2011, the Company sold Clarion Partners. In July 2011, ING announced the completion of the sale of Clarion Real Estate Securities. During the year ended December 31, 2011, the Company divested its interests in ING Car Lease and ING IM Philippines. In February 2012, Capital One Financial Corp. acquired ING Direct business in the United States from the Company.
In June 2011, ING had completed the sale of its interest in China�� Pacific Antai Life Insurance Company Ltd. In June 2011, ING announced the completion of the sale of real estate investment manager of its United States operations, Clarion Partners, to Clarion Partners management in partnership with Lightyear Capital LLC. In October 2011, ING announced that it had completed the sale of REIM�� Asian and European operations to CBRE Group Inc. In December 2011 ING completed the sale of its Latin American pensions, life insurance and investment management operations.
Retail Netherlands
Retail Banking reaches its individual customers through Internet banking, telephone, call centers, mailings and branches. Using direct marketing methods, it is a provider of current account services an! d payments systems to provide other financial services, such as savings accounts, mortgage loans, consumer loans, credit card services, investment and insurance products. Mortgages are offered through a tied agents sale force and direct and intermediary channels. ING Bank Netherlands operates through a branch network of approximately 280 branches. It offers a range of commercial banking activities and also life and non-life insurance products. It also sells mortgages through the intermediary channel.
Retail Belgium
ING Belgium provides banking, insurance (life, non-life) and asset management products and services to meet the needs of individuals, families, companies and institutions through a network of local head offices, 773 branches and direct banking channels (automated branches, home banking services and call centers). ING Belgium also operates a second network, Record Bank, which provides a range of banking products through independent banking agents and credit products through a multitude of channels (agents, brokers, vendors).
ING Direct
ING Direct offers a range of financial products, such as savings, mortgages, retail investment products, payment accounts and consumer lending products. It operates in Canada, Spain, Australia, France, Italy, Germany, Austria and the United Kingdom. In June 2011, ING Group announced the sale of ING Direct USA to Capital One Financial Corporation.
Retail Central Europe
Retail Central Europe has a presence in Poland, and Romania and Turkey. ING in Poland is an Internet bank. During 2011, ING Bank Turkey launched the Orange account, the variable savings product. ING in Turkey also launched a mobile phone banking application. ING Bank Romania carried out its Internet banking site, Home��ank. In September 2011, a mobile version of the Home��ank Website was introduced.
Retail Asia
Retail Banking has a presence in Asian markets of India, China and Thailand. As o! f Decembe! r 31, 2011, the Company had 44% interest in ING Vysya and 30% interest in TMB Bank in Thailand. Bank of Beijing (BoB), in which ING has the largest single interest (16.07%) is a commercial bank in China. ING provides principally risk management and retail banking to BoB.
Commercial Banking
ING Commercial Banking supports the banking needs of its corporate and institutional clients to invest both retail and commercial bank customer deposits. It is a commercial bank in its home markets in the Benelux, as well as in Germany, Central and Eastern Europe. In addition to the banking services of lending, payments and cash management and treasury, it also provides solutions in other areas, including specialized and trade finance, derivatives, corporate finance, debt and equity capital markets, leasing, factoring and supply chain finance. Payments and Cash Management (PCM) and General Lending are its some of the product lines. Structured Finance (SF) is a specialist commercial lending business, providing loans to support capital intensive investments and working capital. It is managed in three groups: the Energy, Transport and Infrastructure Group; the Specialized Financing Group; and International Trade and Export Finance. Leasing and Factoring (L&F) provides financial and operating leasing services for a range of equipment, as well as receivables financing and other factoring solutions for commercial banking clients. The Financial Markets (FM) is the global business unit that manages ING�� financial markets trading and non-trading activities. FM is managed along three business lines: ALCO manages the interest rates exposures arising from the traditional banking activities, Strategic Trading Platform incorporates the primary proprietary risk taking units, and Clients and Products is the primary customer trading facilitation business line.
Real Estate
During 2011, Real Estate Finance (REF) maintained its credit portfolio. Real Estate Development (ING RED) and! Real Est! ate Investment Management (ING REIM) has a controlled wind down of activities.
Insurance Benelux
Duirng 2011, Nationale-Nederlanden introduced bank pension savings products and annuities. ING Life Belgium introduced a new Universal Life product. Nationale-Nederlanden also received a license from the Dutch Central Bank to launch a defined contribution DC company pension product PPI in Europe. NN Services introduced a processing and information technology system (business process management layer) for several legacy lines of retail Life businesses. NN Services IT manages all the closed book business of Nationale-Nederlanden. ING�� life insurance products in the Benelux consist of a range of traditional, unit-linked and variable annuity policies written for both individual and group customers. ING is also a provider of (re-insured) company pension plans in the Netherlands.
NG Benelux��non-life products, mainly in the Netherlands, include coverage for both individual and commercial/group clients for fire, motor, disability, transport and third party liability. Nationale-Nederlanden has also a central product manufacturing service for property and casualty insurance, which has developed products for ING Bank in Belgium and ING Bank in the Netherlands. ING offers a range of disability insurance products and complementary services for employers and self-employed professionals (such as dentists and general practitioners).
Insurance Central and Rest of Europe
Insurance Central and Rest of Europe has life insurance companies in Hungary, Poland, the Czech and Slovak Republics, Romania, Bulgaria, Greece, Spain and Turkey. It has pension funds in Poland, Hungary, the Czech and Slovak Republics, Bulgaria, Romania and in Turkey. ING offers a range of individual endowment, unit linked, term and whole life insurance policies designed to meet specific customer needs. It also has employee benefits products, as well as pension funds, that manage individu! al retire! ment accounts for individuals. The latter comprise both mandatory and voluntary retirement savings.
Insurance United States (Excluding US Closed Block Va)
ING Insurance US offers retirement services (primarily defined contribution plans), life insurance, fixed annuities, employee benefits, mutual funds, and broker-dealer services in the United States. ING Insurance US operates four businesses: Retirement Plans, Individual Retirement, Individual Life and Employee Benefits. ING Insurance US�� Retirement Plans business is a contribution providers, which offers a range of retirement solutions to all sizes and types of employers, including businesses for-profit ranging from start-ups to large corporations, public and private school systems, higher education institutions, state and local governments, hospitals and healthcare facilities, and not-for-profit organizations. ING Insurance US�� Retirement Plans business is a provider of defined contribution (DC) retirement plans in the United States based on assets under management and administration.
Insurance US Closed Block Va
ING US Closed Block VA consists of variable annuities issued in the United States that are primarily owned by individuals and were designed to address the demand for tax-advantaged savings, retirement planning, and wealth-protection. These annuity contracts were sold in the United States, primarily through independent third party distributors, including wirehouses and securities firms, independent planners and agents and banks.
Insurance Asia/Pacific
ING Insurance Asia/Pacific (IAP) is a provider of life insurance products and services. It is a life insurer in the region, with nine life operations in eight markets. IAP has ip operations in Japan and South Korea, operates a nt business in Malaysia, and is well in China, Hong Kong, Macau, India and Thailand. In April 2011, IAP, together with Public Bank Berhad and Public Islamic Bank Berhad, launched a joint ! venture i! n Malaysia, ING PUBLIC Takaful Ehsan Berhad, which will develop Takaful insurance products. In June 2011, IAP completed the sale of its 50% interest in Pacific-Antai Life Insurance Company Limited (PALIC).
The business units of IAP offer select types of life insurance, wealth management, and retail products and services. These include annuities, endowment, disability/morbidity insurance, unit linked/universal life, whole e, participating life, group life, accident and health, term life and employee benefits. In Hong Kong non-life insurance products (including medical, motor, fire, marine, personal accident and general liability) are also offered.
Insurance Latin America
ING completed the sale of its pensions, life insurance and investment management operations on December 29, 2011. These operations were in Chile, Colombia, Mexico, Peru and Uruguay.
ING Investment Management
ING IM is an investment manager of ING Group with activities in Europe, the Americas, Asia-Pacific and the Middle East. In October 2011, ING IM sold ING IM Australia. ING IM provides a range of actively-managed strategies, investment vehicles and advisory services in all major asset classes and investment styles. It delivers a range of investment strategies and services to ING�� global network of businesses and third-party clients.
Advisors' Opinion:- [By Jon C. Ogg]
ING Groep N.V. (NYSE: ING) was raised to Overweight from Equal Weight at Morgan Stanley.
Pandora Media Inc. (NYSE: P) was downgraded to Market Perform from Outperform at Raymond James, based on valuation after the stock went over $21 recently. Stifel Nicolaus also downgraded shares to Hold from Buy. These calls are after earnings, and the stock is down about 6% so far on Friday.
Top 5 Trucking Stocks To Own For 2014: Costamare Inc (CMRE)
Costamare Inc. (Costamare), incorporated on April 21, 2008, is an international owner of containerships, chartering the Company�� vessels to liner companies. As of February 22, 2013, it had a fleet of 57 containerships aggregating approximately 332,000 twenty feet equivalent unit (TEU). During the year ended December 31, 2012, its fleet consisted of 47 vessels in the water, aggregating approximately 242,000 TEU. The Company�� containerships operate primarily under multi-year time charters.
As of February 22, 2013, the average (weighted by TEU capacity) remaining time-charter duration for its fleet of 57 containerships was 5.1 years. During the year ended December 31, 2012, the Company�� vessels were managed by at least one of Costamare Shipping, CIEL and Shanghai Costamare. The Company�� customers include international liner companies, including A.P. Moller-Maersk, COSCO, Evergreen Marine, Hapag Lloyd, HMM, MSC and ZIM.
Advisors' Opinion:- [By Jonas Elmerraji]
Thinks aren't looking quite so auspicious for shares of small-cap Greek shipping stock Costamare (CMRE). Greek equities enjoyed some buoyancy this year, the result of getting oversold due to headline risk during the economic crisis in the Eurozone. But this stock's down days don't look behind it yet.
That's because Costamare is currently forming the bearish opposite of the bullish pattern in NTT: a descending triangle. CMRE's setup is formed by downtrending resistance above shares and horizontal support down at $16.75 that shares are getting pushed down into. A move through $16.75 is the signal to sell this stock.
Whenever you're looking at any technical price pattern, it's critical to think in terms of buyers and sellers. Triangles, rectangles, and other price pattern names are a good quick way to explain what's going on in this stock, but they're not the reason it's tradable. Instead, it all comes down to supply and demand for shares.
That support line at $16.75 is a price where there's an excess of demand of shares; in other words, it's a place where buyers have been more eager to jump in and buy at lower levels than sellers have been to unload them. That's what makes the move below it so significant -- a breakdown indicates that sellers are finally strong enough to absorb all of the excess demand below that price level. Wait for that signal to happen before you bet against CMRE.
- [By Rich Duprey]
Containership owner and provider�Costamare (NYSE: CMRE ) announced yesterday its second-quarter dividend of $0.27 per share, the same rate it's paid since late 2011.
- [By Seth Jayson]
Costamare (NYSE: CMRE ) reported earnings on July 24. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Costamare missed estimates on revenues and beat expectations on earnings per share.
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