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KAlkine Daily 03/07/2015 + Two Midcap Stocks To Buy In JULY 2015

Jul 14, 2015

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In today’s daily we have covered stock research on In today’s daily we have covered stock research on Two Midcap Stocks To Buy In JULY 2015 and2 Good Growth Stocks To Invest In

The S&P 500 was down by 0.64 points or 0.03% to 2076.78 on Thursdsay. U.S. stocks ended slightly lower on Thursday after the International Monetary Fund warned that Greece faces a financial hole ahead of its Sunday referendum, and as muted jobs data dampened the U.S. economic outlook. The US economy added 223,000 jobs in June, down from the blockbuster month in May when nonfarm payrolls grew by 254,000 compared to the forecast for 226,000.

BP has reached a settlement with the US government and five states over the 2010 Gulf of Mexico oil spill, which will see it pay up to $18.7bn spread over a period of 18 years. The US dollar gave up much of its gains against major currencies, and US government bonds rallied after official figures from the Labor Department showed jobs growth in June was weaker than forecast. In today’s M&A Deal saw Centene, the Fortune 500 company that specialises in providing services to Americans with no healthcare insurance or who are underinsured, take over rival Health Net.

BP Daily Chart (Source - Thomson Reuters)

S&P ASX 200 was up by 84.10 points or 1.52% on Thursday and closed at 5599.80 points. The big movers of the day were Pacific Brands, whose shareprice surged 51 per cent to 49¢ after it upgraded its full profit guidance by 10 per cent on the back of strong sales growth in Bonds and Sheridan brands for the June half. Bluescope Steel also surged, up 25.6 per cent to $3.68. Uranium miner Paladin Energy was the day's worst performing stock, down 3.8 per cent and handing back almost half of Wednesday's gains. Northern Star Resources dropped 3.6 per cent on Thursday, while Whitehaven Coal lost ground.

Rio Tinto finished flat, up slightly to $53.03, while BHP Billiton recovered from Wednesday's sell down, adding 1.3 per cent to $27. Fortescue Metals Group joined the recovery, up 4.4 per cent to $1.91. Commonwealth Bank shares were up 1.7 per cent to $87.45, ANZ Banking Group rose 1.3 per cent to $32.91, National Australia Bank added 1.7 per cent to $34.04, and Westpacadded 2 per cent to $33.01. Telstra put on 0.7 per cent to $6.19. Wesfarmers rose 1.8 per cent to $39.96 and Woolworths gained 2.7 per cent to $27.80, clawing back all of June's losses.

Pacific Brands Daily Chart (Source - Thomson Reuters)

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2 Growth Stocks To Invest In

Nearmap limited (NEA)

The company recently announced that it has made its first commercial sales in the USA. Nearmap has successfully sold annual subscriptions of its photo mapping product and data services to a number of SME and local government departments in several US States on commercial terms. SME’ s and government clients were early adopters of nearmap’s products in Australia and a similar roll out program is underway in US. This endorsement go towards validating nearmap’s value add and competitive offering. Nearmap entered the US market in October 2014. Click Here To Read The Full Report

Financial Highlights (Source - company Reports)

Two Midcap Stocks To Buy in July 2015

Crown Resorts

Melco Crown Entertainment, Crown Resorts Ltd (ASX: CWN) joint venture (with interest of 34.3%) in Macau has posted revenues decline of 22% to $1,054.3 million in the first quarter of 2015, as compared to $1,357.3 million for the corresponding period in 2014. The decrease was mainly impacted by lower rolling chip and mass market table games revenues, due to slow down in Chinese economy. The Net income for the company witnessed more pressure slumping to $60.6 million, or $0.11 per ADS, from $239.5 million, or US$0.44 per ADS in first quarter 2014, with $36.8 million non-controlling interests from Studio City and City of Dreams Manila.

On the other hand, Crown Resorts is making efforts to offset its reliance on Melco Crown by focusing on the United States and Australia cities like Sydney, Melbourne and Las Vegas. The company is seeking to develop a luxury five star hotel and apartment complex along with Schiavello Group near its Melbourne complex. Moreover the firm’s subsidiary bought a 34.6 acre land in Las Vegas Boulevard last year and might invest over $400 million-$500 million in this development. The firm’s joint venture with Greenland Holdings for Queen's Wharf Brisbane site, is under review with the government. The firm is developing a six star hotel resort at Barangaroo South, Sydney. On an overall note, Crown Resorts has aggressive plans to diversify its investments and intends to spend over $2.8 billion of capital expenditure in 2010 to 2017. The firm has recently raised over $630 million at an issue price of $100 per Note II under the recent Subordinated Notes II offer. Click Here To Read The Full Report

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