It’s been a busy day for J.C. Penney (JCP), and this afternoon, another party climbed into the fray: Starbuck‘s (SBUX) CEO Howard Schultz spoke with Maria Bartiromo on CNBC‘s “Closing Bell,” offering a defense for interim CEO Mike Ullman and a scathing attack on activist shareholder Bill Ackman, who today called for the chairman, Tom Engibous, to step down.
Said Schultz, “I have never seen in 20 years as a CEO or a board member, any board member leaking an email to the press, not sharing it with the board, not sharing it with the CEO,” referring to Ackman’s two press releases in the last 24 hours.
The irony is Bill Ackman has the blood on his hands for being the architect and recruiter of [former CEO] Ron Johnson, and of the strategy. Mike Ullman came back to try and save that company. He is the kind of leader that will rebuild the trust with employees, and if given time, turn things around. There’s no better person to run J.C. Penney. And what’s so wrong is that Bill Ackman has been destroying the company. If I was sitting on that board, I would be asking for Bill Ackman’s removal. Bill Ackman has fractured the trust within that board. Watching what went on today, I find it disgusting.
Top 5 Asian Stocks To Own For 2015: VelaTel Global Communications Inc (VELA.PK)
VelaTel Global Communications Inc, formerly China Tel Group, Inc. (ChinaTel), incorporated on September 19, 2005, is engaged in the business, which combines its engineering and deployment, its equity funding relationships, its vendor partnership, radio frequency spectrum, fiber optic cable and concession rights assets acquired through a subsidiary or a joint venture relationship to create and operate wireless broadband access (WBA) networks worldwide. It offers Internet access, voice, video, and data services to the subscribers of various WBA networks it operate. The Company�� secondary business is to distribute products and services used in connection with WBA networks, specifically hydrogen fuel cells used as a back-up power source for certain transmission equipment, and devices and services. As of December 31, 2011, it holds investments or contracts in ten projects: the VelaTel Peru Network; the GBNC Network; the VN Tech Fuel Cell Business; the Exclusive Services Agreement with NGSN; the Exclusive Services Agreement with Aerostrong; the Sino Crossings Fiber Joint Venture; Zapna; the Novi-Net Network; the Montenegro Connect Network and the VeratNet Network. In April 2012, it acquired Herlong Investments Limited and its operating subsidiaries, Novi-Net and Montenegro Connect. In April 2012, it signed and closed a stock purchase agreement to acquire a 75% equity interest in Zapna, ApS. In November 2012, the Company acquired 100% of interest in China Motion Telecom (HK) Limited.
The Company sells prepaid and postpaid plans, and branded consumer devices using VelaTel Peru�� brand name GO MOVIL. Chinacomm holds licenses and permits from China to build and operate a 3.5-gigahertz wireless broadband telecommunications network (Chinacomm Network) in 29 cities in China. These licenses run through February 2013. Phase 1 of the Chinacomm Network consisted of the deployment of the Chinacomm Network in the 12 cities of Beijing, Shanghai, Guangzhou, Shenzhen, Qindao, Nanjing, Chongqing, Harbin, X! ian, Xiamen, Wuhan and Kunming.. Portions of the Chinacomm Network are operational in Beijing, Shanghai and Shenzhen. Perusat provides local and international long-distance telephone services, including fixed line and voice over Internet protocol (IP) services, to approximately 6,500 customers in nine cities in Peru (Lima, Arequipa, Chiclayo, Trujillo, Piura, Santa, Cusco, Ica and Huanuco). Based on its status as a licensed telephone operator, Perusat has been granted a license in the 2.5-gigahertz spectrum covering these cities, other than Lima and its surrounding metropolitan area.
The Company contracted with Chinacomm to acquire a 49% equity interest in ChinaComm Limited (Chinacomm Cayman). Trussnet Capital Partners (HK), Ltd. (TCP) acquired a 49% interest in Chinacomm Cayman. Trussnet Dalian leased Yunji equipment required in the deployment of the Chinacomm Network and provide technical and management services to Yunji for the procurement, installation and optimization of the equipment.
The Compets with GBNC, VN Tech, NGSN, Aerostrong, Sino Crossings, Novi-Net, Montenegro Connect and VeratNet.
Advisors' Opinion:- [By Alan Brochstein]
Matula, who is currently a SVP for LiveDeal (LIVE), has a history of association with penny stock failures. An interesting angle is his tie to a lawyer in Las Vegas, Michael Balabon, who purports to have two separate practices, including a bankruptcy/divorce practice and an employment law practice who has acted as Registered Agent for many of these companies. I was unable to reach anyone at either office on several occasions. In any event, Balabon is the registered agent for PLPL. Coincidentally, he served in that role for NVLX as well as well as all of the former subsidiaries and partners the firm used (the new Medical Marijuana Sciences subsidiary too). Recall that the predecessor to PLPL was Diamond Ranch, and Balabon was the RA there as well. Matula has served in I.R. roles for perpetual failures like VelaTel Global (VELA.PK).
10 Best Defense Stocks To Invest In Right Now: Safran SA (SAF)
Safran SA is a France-based high-technology company which produces aircraft and rocket engines and propulsion systems. It divides its work into three segments: Aerospace, Aircraft, Defense and Security. The Aerospace Propulsion division provides engines, turbines and parts for aircraft, and rocket boosters for civil, military and spatial markets through several subsidiaries, including Snecma, among others. The Aircraft Equipment division produces landing gear, wheels and carbon brakes, aircraft engine nacelles and airborne power electronics through its subsidiaries, including Aircelle, among others. The Defense division includes the subsidiary, Sagem, and makes systems and equipment for inertial navigation and other defense applications to be used on military transport and combat aircraft, helicopters, warships, armored vehicles and artillery systems. In October 2013, the Company completed the sale of its United States-based subsidiary, Global Motors Inc to Allied Motion Inc. Advisors' Opinion:- [By Sofia Horta e Costa]
Vivendi SA climbed 2.7 percent after posting better-than-estimated third-quarter profit and saying it plans to spin off its French phone carrier SFR by July 2014. Serco Group Plc (SRP) increased 1.7 percent as UBS AG upgraded the stock. Safran SA (SAF) lost 3.2 percent as its largest shareholder sold a stake.
10 Best Defense Stocks To Invest In Right Now: United Technologies Corporation(UTX)
United Technologies Corporation provides technology products and services to the building systems and aerospace industries worldwide. The company?s Otis segment designs, manufactures, sells, and installs passenger and freight elevators, escalators, and moving walkways, as well as provides maintenance and repair services. Its Carrier segment offers heating, ventilating, air conditioning, and refrigeration systems, controls, services, and energy-efficient products for residential, commercial, industrial, and transportation applications. The company?s UTC Fire and Security segment provides electronic security products comprising intruder alarms, and access control and video surveillance systems; fire safety products, such as specialty hazard detection and fixed suppression products, fire extinguishers, fire detection and life safety systems, and other firefighting equipment; systems integration, video surveillance, installation, maintenance, and inspection services; and mon itoring, response, and security personnel services. Its Pratt and Whitney segment supplies aircraft engines for the commercial, military, business jet, and general aviation markets; industrial gas turbines; geo thermal power systems; and space propulsion systems, as well as provides fleet management, maintenance, repair, and overhaul services. The company?s Hamilton Sundstrand segment supplies aerospace products, such as power generation, management and distribution, flight control, engine control, environmental control, auxiliary power units, and propeller systems; and industrial products, including air compressors, metering pumps, and fluid handling equipment under the Sullair, Sundyne, and Milton Roy names. Its Sikorsky segment manufactures military and commercial helicopters, as well as offers aftermarket helicopter and aircraft parts and services. United Technologies Corporation was founded in 1934 and is based in Hartford, Connecticut.
Advisors' Opinion:- [By Rich Smith]
On Tuesday, the last day of April, the Department of Defense "made it rain" for multiple defense contractors. In all, the DoD awarded 19 contracts Tuesday, promising to pay out more than $2.8 billion in aggregate. Winners among publicly traded companies included:
British defense contractor�BAE Systems' (NASDAQOTH: BAESY ) Norfolk Ship Repair unit was awarded a $49.4 million firm-fixed-price contract to perform work on the guided missile destroyer USS Porter while in drydock. This contract is expected to be complete by April 2014, but if optional extensions of the contract are exercised, this could extend the duration and increase this contract's value to $61.3 million. Target Construction of Henderson, Nev., was awarded a firm-fixed-price contract valued at up to $41.6 million to perform construction services in support of the Hurricane Protection System for the U.S. Army Corps of Engineers. Canadian IT contractor Softchoice Corp.�won a $17.5 million delivery order against a single award blanket purchase agreement to procure Microsoft brand name "Software Assurance" software support for the U.S. Marine Corps.�Softchoice should complete its task by May 31, 2014. Boeing (NYSE: BA ) received a $13.6 million firm-fixed-price, cost-plus-fixed-fee foreign military sales contract to install computerized fault reporting systems and aircraft maintenance debriefing systems for Royal Saudi Air Force F-15 C/D fighter jets.�This contract has a three-year base term, to be followed by two possible one-year extensions, which could extend the contract through May 4, 2018. United Technologies' (NYSE: UTX ) Pratt & Whitney subsidiary won a maximum $7.9 million firm-fixed-price, sole-source contract to supply the U.S. Air Force with spare aircraft engine turbine disks. It should complete the contract by Jan. 29, 2016.�link
- [By WALLSTCHEATSHEET]
United Technologies provides aerospace and building systems products and services to a multitude of businesses around the world. The stock has seen a beautiful uptrend over the last several years and is now trading in all-time high territory. Earnings and revenue figures have been in line with investor expectations. Relative to its peers and sector, United Technologies has been an average year-to-date performer. Look for United Technologies to OUTPERFORM.
- [By WALLSTCHEATSHEET]
United Technologies provides essential and highly demanded technology products and services to companies large and small across the globe. The stock has been on a bullish run over the last year and is now consolidating at all-time high prices. Over the last four quarters, earnings and revenue figures have been on the rise, which have just about been priced-in by investors in the company. Relative to its peers and sector, United Technologies has been a year-to-date performance leader. Look for United Technologies to OUTPERFORM.
- [By Ben Levisohn]
The government shutdown has taken its toll on government contractors this week. In the Dow, United Technologies (UTX) dropped 4.7% to $104.27, making it the blue-chip index’s biggest loser, after said it could furlough workers. Raytheon (RTN) fell 5.7% to $74.25.
10 Best Defense Stocks To Invest In Right Now: Soditech Ingenierie SA (SEC)
Soditech Ingenierie SA is a France-based company that is primarily engaged in electronic and mechanical engineering services in various sectors. The Company�� activity is organized into three sectors: Defense & Research, Space and Energy & Nuclear. It provides specialized services in four fields: aerospace, covering communication satellites, observation satellites and space stations; automotive, providing such services as engine design and plasturgy for equipment manufacturers; aeronautics, offering structural research for aircraft makers, instruments or electro-mechanical systems for assisting pilots and others, and defense, providing engineering of numerous tests and trials systems, with or without implementations, among others. The Company also offers additional services, such as energy forecasting and environmental analysis, environmental management system, and others. In May 2014, it restructured company into three main divisions: Defense & Research, Space and Energy & Nuclear. Advisors' Opinion:- [By Patricio Kehoe]
Over the past days hedge funds have been filing their form 13-F, which is a quarterly report of equity holdings by filed institutional investment managers with at least $100 million in equity assets under management, as required by the United States Securities and Exchange Commission (SEC). In this article, let麓s concentrate in one particular hedge fund and try to see the principal holdings in its portfolio. I will look into Duquesne Family Office LLC from Stanley Druckenmiller, who closed his Duquesne Capital Management hedge fund in 2010, returned capital to investors, and converted it into a family office managing his personal fortune.
- [By Monica Wolfe]
On Oct. 29, the Securities Exchange Commission (SEC) filed a civil complaint against retired hedge-fund investment consultant, Dennis Rosenberg for an alleged insider trading scheme involving Carter��. The complaint states that Rosenberg was able to trade in advance of marketing-moving news based on tips he got from a former executive at the company between 2005 and 2010.
10 Best Defense Stocks To Invest In Right Now: Airbus Group NV (EADSY)
Airbus Group NV, known as European Aeronautic Defence and Space Company EADS NV, is a Netherlands-based company active within the aerospace and defense sector. The Company manufactures aircrafts, helicopters, commercial space launch vehicles, missiles, satellites, defense systems and defense electronics, and offers services related to these activities. The Company oprates four divisions. The Airbus division comprises the Airbus Commercial and Airbus Military segments, which develop, manufacture, market and sell commercial jet aircrafts, military transport aircrafts and special mission aircrafts, among others. The Eurocopter division develops, markets and sells civil and military helicopters. The Astrium division develops, manufactures and sells satellites, orbital infrastructures and launchers, as well as provides space-related services. The Cassidian division develops, manufactures and sells missiles systems, military combat and training aircrafts, among others. Advisors' Opinion:- [By Ben Levisohn]
Shares of Boeing have dropped 0.4% to $128.99 today at 12:56 p.m., while Airbus (EADSY) has gained 1.4% to $18.16 and Embraer (ERJ) has dropped 0.9% to $33.38.
10 Best Defense Stocks To Invest In Right Now: Raytheon Company(RTN)
Raytheon Company, together with its subsidiaries, provides electronics, mission systems integration, and other capabilities in the areas of sensing, effects, and command, control, communications, and intelligence systems, as well as mission support services in the United States and internationally. It operates in six segments: Integrated Defense Systems, Intelligence and Information Systems, Missile Systems, Network Centric Systems, Space and Airborne Systems, and Technical Services. The Integrated Defense Systems segment provides integrated naval, air, and missile defense and civil security response solutions. The Intelligence and Information Systems segment offers intelligence, surveillance and reconnaissance, advanced cyber solutions, weather and environmental solutions, and information-based solutions for law enforcement and homeland security. The Missile Systems segment develops and produces weapon systems, including missiles, smart munitions, close-in weapon systems, projectiles, kinetic kill vehicles, and directed energy effectors for the armed forces of the U.S. and other allied nations. The Network Centric Systems segment provides net-centric mission solutions, including integrated communications systems, command and control systems, combat systems, and operations and precision components for the U.S. federal, state, and local government customers, as well as civil customers. The Space and Airborne Systems segment designs and develops integrated systems and solutions for missions, including intelligence, surveillance, and reconnaissance; precision engagement; unmanned aerial operations; and space. The Technical Services segment provides training, logistics, engineering, product support, and operational support services for the mission support, homeland security, space, civil aviation, counterproliferation, and counterterrorism markets. Raytheon Company was founded in 1922 and is based in Waltham, Massachusetts.
Advisors' Opinion:- [By Lee Jackson]
Raytheon Corp. (NYSE: RTN) is also Neutral-rated at UBS. Despite large contract sales to the Saudi’s, the company may very well be another valuation call from the UBS team. Raytheon is also trading right near 52-week highs. Investors are paid a 2.3% dividend. The UBS price target is $90, and the consensus target is $97.28. Raytheon closed Wednesday at $95.16.
- [By Ben Levisohn]
The government shutdown has taken its toll on government contractors this week. In the Dow, United Technologies (UTX) dropped 4.7% to $104.27, making it the blue-chip index’s biggest loser, after said it could furlough workers. Raytheon (RTN) fell 5.7% to $74.25.
- [By Rich Smith]
The Department of Defense awarded Raytheon (NYSE: RTN ) two contracts�on Monday worth a combined $48.2 million.
In the larger of the two awards, Raytheon's Company Network Centric Systems unit will receive $34 million as a contract modification funding continued development and testing of engineering development models for air and ground fixed and transportable "command post terminals" for the Presidential and National Voice Conferencing (PNVC�) communications system. PNVC is "a satellite-based, worldwide, survivable, secure, and near toll-quality voice conferencing capability for the President, Secretary of Defense, Chairman, Joint Chiefs of Staff, and other senior national/military leaders." Work on this contract should be completed by October 2013.
10 Best Defense Stocks To Invest In Right Now: Rockwell Collins Inc (COL)
Rockwell Collins, Inc. (Rockwell Collins), incorporated on March 1, 2001, is engaged in design, production and support of communications and aviation electronics for commercial and military customers worldwide. The Company�� products and systems are primarily focused on aviation applications, The integrated system solutions and products it provide to its served markets include communications, navigation, automated flight control, displays/surveillance, simulation and training, integrated electronics and information management systems. The Company also provides a range of services and support to its customers through a network of service centers, including equipment repair and overhaul, service parts, field service engineering, training, technical information services and aftermarket used equipment sales. The Company operates in two segments: Government Systems and Commercial Systems.
Government Systems
The Company�� Government Systems business provides a range of electronic products, systems and services to customers, including the United States Department of Defense, other ministries of defense, other government agencies and defense contractors around the world. These products, systems and services support airborne, precision weapon, ground and maritime applications and are used in line-fit applications on new equipment, as well as in retrofit and upgrade applications designed. The Company�� defense-related systems, products and services include communications systems and products designed to enable the transmission of information across the communications spectrum, including satellite communications; navigation products and systems, including radio navigation products, global positioning system (GPS) equipment, handheld navigation devices and multi-mode receivers; avionics sub-systems for aircraft flight decks that combine flight operations with navigation and guidance functions that can include flight controls and displays, information/data processing and communicat! ions, navigation, safety and surveillance systems; cockpit display products, including multipurpose flat panel head-down displays, wide field of view head-up and helmet-mounted displays; simulation and training systems, including visual system products, training systems and services, and maintenance, repair, parts and after-sales support services.
Avionics consists of electronic solutions for a range of airborne platforms, including fixed and rotary wing aircraft, unmanned aerial vehicles (UAVs) and the associated aircrew and maintenance training devices and services. The Company provides complete avionics solutions (including cockpit avionics, mission system applications and system integration) and also provides individual avionics products to platform integrators. The Company serves various roles within these markets, including system and subsystems integrator, as well as provider of various electronic products. Communication products include spectrum voice and data connectivity for government and military use in the air, on the ground and at sea. Surface solutions include electronic systems applied to a variety of non-airborne market segments.
Commercial Systems
The Company�� Commercial Systems business supplies aviation electronics systems, products and services to customers located throughout the world. The customer base is consists of original equipment manufacturers (OEMs) of commercial air transport, business and regional aircraft, commercial airlines and business aircraft operators. The Company�� systems and products are used in both OEM applications, as well as in retrofit and upgrade applications designed.
The Company�� commercial aviation electronics systems, products and services include integrated avionics systems, such as Pro Line Fusion. Capabilities include synthetic and enhanced vision enabled flight displays, advanced flight and performance management systems, fly-by-wire integrated flight controls and information management! solution! s to improve operational efficiency; integrated cabin electronics systems, including cabin management systems, passenger connectivity and entertainment solutions, business support systems to improve passenger productivity and passenger flight information systems; communications systems and products, such as data link, high frequency, very high frequency and satellite communications systems; navigation systems and products, including landing sensors to enable automatic landings, radio navigation and geophysical sensors, as well as flight management systems; situational awareness and surveillance systems and products, such as synthetic and enhanced vision systems, surface surveillance and guidance solutions, head-up guidance systems, weather radar and collision avoidance systems; integrated information management solutions to improve the overall efficiency of flight, maintenance and cabin operations. These include on-board information management systems and connectivity solutions, airborne and ground applications and services, and ground infrastructure and services; electro-mechanical systems, including integrated pilot control solutions and primary and secondary actuation systems; simulation and training systems, including full-flight simulators for crew training, visual system products, training systems and engineering services, and maintenance, repair, parts, after-sales support services and aftermarket used equipment.
Air transport aviation electronics include avionics, cabin systems and flight control systems for commercial transport aircraft platforms. Business and regional aviation electronics include integrated avionics, cabin management and flight control systems for application on regional and business aircraft platforms. The Company develops integrated avionics, cabin and flight control solutions for business and regional aircraft OEMs and support them with the integration into other aircraft systems. Products offered for OEM applications in the business and regional aircraft cate! gory are ! marketed directly to the aircraft OEMs.
The Company competes with Honeywell International, Inc., Thales S.A., Panasonic, Raytheon Co., Harris Corp., BAE Systems Aerospace, Inc., General Dynamics Corporation, L3 Communications, Inc., The Boeing Company, Northrop Grumman Corp., CAE Inc., General Electric Co. and Garmin International Inc.
Advisors' Opinion:- [By Lauren Pollock]
Rockwell Collins Inc.(COL) said its fiscal first-quarter earnings slid� as charges related to a major acquisition offset a slight boost in the defense contractor’s sales. Rockwell also raised its full-year outlook.
- [By Rich Smith]
The Department of Defense awarded more than $961 million worth of contracts to a total of 17 awardees on Thursday. Notable awards to publicly traded companies included:
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