After a break for the Fourth of July, the Dow Jones Industrial Average (DJINDICES: ^DJI ) got back to its winning ways, gaining 147 points, or 1% today. In a refreshing turn of events, stocks actually jumped on good news, gaining on a strong jobs report, after the market seemed hesitant in midday trading. In recent weeks, we've seen a pattern of equities moving higher on bad economic data, which Wall Street has interpreted as a sign that the promised end to the Fed's bond-buying program will be delayed. It's good to see investors back to cheering the recovery, as increased employment is the best long-term medicine for investors, not the Fed's stimulus program.
This morning, the Labor Department reported that nonfarm payrolls added 195,000 jobs in June, better than expectations off 166,000, and it also revised May's and April's total up by a combined 70,000. Meanwhile, the unemployment rate held steady at 7.6%; many of the new jobs came in the restaurant and retail segments. Interest rates jumped along with stock prices as the 10-year treasury yield increased 8.6%, to close out at 2.7%, as the likelihood of the Fed easing its treasury purchases pushes down their value, and, consequently, their rates up. Oil prices also climbed 2.4%, to $103, on continuing concerns in Egypt and the strong U.S. jobs report. Investors may want to keep an eye on both oil and treasuries, as either could cool off the recovery -- treasuries by pushing up mortgage rates, and oil prices by raising consumer and business costs.
Best Growth Stocks To Own For 2015: Virco Manufacturing Corporation(VIRC)
Virco Mfg. Corporation engages in the design, production, and distribution of furniture for the commercial and education markets in the United States. The company offers seating products, including cantilever chairs, tablet arm chairs, rockers, hard plastic seats, backrests, work surfaces, task chairs, classroom chairs, stack chairs, folding chairs, upholstered stack chairs, plastic stack chairs, and upholstered ergonomic chairs, as well as provides various seating product for students in college, university, other adult education settings, and on high school campuses. It also offers folding and banquet tables, activity tables, office tables, computer tables, and mobile tables, as well as table products for working and learning environments, seminars, and conferences; and computer furniture, including keyboard mouse trays, CPU holders, support columns, desks and workstations, and specialty tables and other products for computing applications. In addition, the company provi des chair desks, combo units, teacher desks, and tablet arm units, as well as a collection returns and credenzas. Further, it offers administrative office furniture, such as desks, returns, and bookcases; laboratory furniture, including steel-based science tables, table bases, lab stools, and steel foot-rings for biology and chemistry classes, and other school and college based lab settings; and mobile furniture comprising mobile tables for school cafeterias and mobile chairs for school settings and offices, as well as provides handling and storage equipment and manufactures stackable storage trucks. The company?s brand portfolio primarily includes ZUMA, ZUMAfrd, Ph.D., I.Q. Virtuoso, Classic Series, Martest 21, Lunada, Plateau, Core-a-Gator, Future Access, Sigma, Metaphor, Telos, TEXT, and Parameter. It also serves convention centers and arenas, hospitality providers, government facilities, and places of worship. Virco Mfg. Corporation founded in 1950 and is based in Torra nce, California.
Advisors' Opinion:- [By John Udovich]
Small cap office furniture stock Steelcase Inc (NYSE: SCS) jumped 11.66% after beating earnings expectations, meaning it might be time to take a closer look at the stock along with potential office or commercial furniture stock peers like�HNI Corp (NYSE: HNI), Knoll Inc (NYSE: KNL) and Virco Mfg. Corporation (NASDAQ: VIRC). After all, the performance of any company selling office or commercial furniture would tend to give some insights into the office or employment markets.
5 Best Consumer Stocks To Own Right Now: MOJO Organics Inc (MOJO)
MOJO Organics, Inc., incorporated on August 2, 2007, engages in product development, production, marketing and distribution of CHIQUITA TROPICALS. CHIQUITA TROPICALS are a 100% fruit juice, produced under license agreement from Chiquita Brands. The Company�� product flavors include Banana Strawberry, Mango, Passion Fruit, and Pineapple.
The Company�� juices are produced without preservatives and without added sugar. The Company produces and packages the CHIQUITA TROPICALS products through production facilities and services on a contract basis.
The Company competes with The Coca-Cola Company and PepsiCo, Inc.
Advisors' Opinion:- [By Lisa Levin]
Catalog & Mail Order Houses: The industry gained 1.13% by 10:15 am. The top performer in this industry was Mojo Organics (OTC: MOJO), which gained 6.6%. Mojo Organics shares have jumped 361.54% over the past 52 weeks, while the S&P 500 index has gained 16.18% in the same period.
5 Best Consumer Stocks To Own Right Now: Accuride Corporation New (ACW)
Accuride Corporation, together with its subsidiaries, engages in designing, manufacturing, marketing, and supplying commercial vehicle components in North America. The company offers heavy- and medium-duty steel and aluminum wheels, light truck steel wheels, and military wheels; and wheel-end components and assemblies, such as brake drums, disc wheel hubs, spoke wheels, disc brake rotors, and automatic slack adjusters. It also provides truck body and chassis parts comprising bumpers, fuel tanks, battery boxes and toolboxes, front-end cross members, muffler assemblies, and crown assemblies and components, as well as fenders, exhaust components, sun visors, windshield masks, step assemblies, brackets, fuel tank supports, inner-hood panels, door assemblies, dash panel assemblies, and various other components. In addition, the company offers ductile and gray iron casting of transmission and engine-related components, which comprise flywheels, and transmission and engine-relate d housings and brackets; and ductile and gray iron casting of industrial components, such as flywheels, pump housings, small engine components, and other industrial components. Accuride Corporation markets its products under Accuride, Gunite, Imperial, and Brillion brand names. It serves heavy- and medium-duty truck, and commercial trailer original equipment manufacturers (OEM); and aftermarket suppliers, including OEM dealer networks, wholesale distributors, and aftermarket buying groups. The company was founded in 1986 and is headquartered in Evansville, Indiana.
Advisors' Opinion:- [By George Putnam]
Because of a very leveraged balance sheet, the company—Accuride Corp. (ACW)—could not survive the 2008-09 recession, and it filed for bankruptcy in October 2009.
- [By Seth Jayson]
Basic guidelines
In this series, I examine inventory using a simple rule of thumb: Inventory increases ought to roughly parallel revenue increases. If inventory bloats more quickly than sales grow, this might be a sign that expected sales haven't materialized. Is the current inventory situation at Accuride (NYSE: ACW ) out of line? To figure that out, start by comparing the company's inventory growth to sales growth. How is Accuride doing by this quick checkup? At first glance, pretty well. Trailing-12-month revenue decreased 14.3%, and inventory decreased 30.5%. Comparing the latest quarter to the prior-year quarter, the story looks decent. Revenue dropped 28.6%, and inventory dropped 30.5%. Over the sequential quarterly period, the trend looks healthy. Revenue grew 9.2%, and inventory dropped 6.1%.
5 Best Consumer Stocks To Own Right Now: Carriage Services Inc (CSV)
Carriage Services, Inc. (Carriage), incorporated in December 1993, is a provider of death care services and merchandise in the United States. The Company operates in two business segments: funeral home operations and cemetery operations. As of December 31, 2011, the Company operated 159 funeral homes in 25 states and 33 cemeteries in 12 states. The Company provides funeral and cemetery services and products on both an at-need (time of death) and preneed (planned prior to death) basis. During the year ended December 31, 2011, Carriage completed two of the six acquisitions of funeral home businesses, one in Kentucky and the other in New York. In September 2011, the Company acquired Franklin & Downs Funeral Homes. In October 2011, the Company acquired Carman Funeral Home and Roberson Funeral Home, both in Northeast Kentucky. In February 2012, the Company acquired James J. Terry Funeral Home, Inc. On February 21, 2012, the Company acquired a funeral home business in Pennsylvania. In June 2012, the Company acquired Lawton Ritter Gray Funeral Home, Gray Funeral Home and Sunset Memorial Gardens in Lawton and Grandfield, Oklahoma. In December 2012, the Company acquired Cumby Family Funeral Service. In November 2013, Carriage Services Inc acquired Heritage Funeral Homes & Cremation Service.
Funeral Home Operations
The funeral homes offer a range of services (traditional burial and cremation) to meet a family�� death care needs, including consultation, the removal and preparation of remains, the sale of caskets and related funeral merchandise, the use of funeral home facilities for visitation and services, and transportation services. It provides burial and cremation services and sells related merchandise, such as caskets and urns. As of December 31, 2011, the Company operated 159 funeral homes in 25 states.
Cemetery Operations
The Company�� cemetery products and services include interment services, the rights to interment in cemetery sites (including gr! ave sites, mausoleum crypts and niches) and related cemetery merchandise, such as memorials and vaults. As of December 31, 2011, the Company operated 33 cemeteries in 12 states.
The Company competes with SCI, Stewart and StoneMor Partners L.P.
Advisors' Opinion:- [By Rich Duprey]
Death services specialist�Carriage Services (NYSE: CSV ) announced today its third-quarter dividend of $0.025 per share, the same rate it's paid since 2011.
- [By Dan Caplinger]
The first thing to realize about StoneMor is that arcane and flexible accounting rules make it important to dig beneath its GAAP earnings. Growth throughout the industry has been substantial, as up-and-coming Carriage Services (NYSE: CSV ) continued to stay on pace for double-digit sales growth as it rapidly expands its reach. Even well-established player Matthews International (NASDAQ: MATW ) managed to grow revenue by nearly 14% in the quarter that ended in March, although its earnings fell slightly from the year-ago quarter. Still, StoneMor's sales haven't been able to rise as quickly as its peers, with its previous report including just a 6% gain in revenue.
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