A million dollars is a lot of money, isn’t it? Not when you’re looking to finance your entire retirement. If you’ve got $1 million tucked away in your retirement savings by the time you’re ready to retire, you won’t starve, but you may not be able to live out your dreams either.
“Millionaire” has been shorthand for “really, really rich” for a long time. Unfortunately, $1 million doesn’t buy as much as it did when the term millionaire was first coined. You can blame it oninflation, which is the force that causes the dollar to be worth a little less each year.
Inflation varies from year to year, sometimes radically, but over the long haul, it’s averaged about 3% in the U.S. That means that $1 million will buy 3% less stuff, on average, for each year that passes.
top penny stocks: RELM Wireless Corporation(RWC)
- [By Jim Robertson]
Today, our Under the Radar Moversnewsletter suggested shorting small cap wireless communications manufacturer RELM Wireless Corporation (NYSEMKT: RWC):
top penny stocks: Energy Transfer Equity, L.P.(ETE)
- [By Charles Sizemore]
Charles Sizemore is a prolific financial writer, longtime prizedInvestorPlace contributor, and chief investment officer of Sizemore Capital Management. He’s also a two-time winner of our Best Stockscompetition, so he knows how to pick ‘em.
Never one to choose a straightforward company, Charles went withEnergy Transfer Equity (ETE) for the Best Stocks for 2016 contest. ETE is a complicated beast, a master limited partnership that’s made up of six other energy companies.
Perhaps the simplest way to think of ETE is as a company with diversified exposure to energy pipelines, which essentially collect tolls as their corporate users send oil and natural gas all across the country.
Energy Transfer is thick on the income front, with a dividend yield sitting at 8.7% currently.
top penny stocks: Southwestern Energy Company(SWN)
- [By Paul Ausick]
Southwestern Energy Co. (NYSE: SWN) is the only stock in this group to get a rating boost. The Jefferies analysts lifted the rating from Underperform to Hold. The 12-month price target was unchanged at $8. The 2017 EPS estimate was lowered from $0.81 to $0.52, and the 2018 estimate was lowered from $0.99 to $0.94. Shares closed Friday at $7.71, in a 52-week range of $6.62 to $15.59, and the consensus price target on the stock is $12.59.
- [By Teresa Rivas]
Southwestern Energy (SWN) slid to the bottom of the S&P 500 on Friday, on the heels of its fourth-quarter earnings.
Southwestern dropped $1, or 12%, to $7.35, while the S&P 500 rose3.53 points, or 0.15%,to 2367.34.
Southwestern said it earned 8 cents a share, a nickel below the 13 cents analysts were expecting. Revenue slid 0.4% year over year to $684 million, edging past the$683 millionconsensus.
In addition, Southwestern saidestimated proved natural gas and oil reserves declinedby 15.5%, to approximately5,253 Bcfe at the end of 2016,compared to 6,215 Bcfeat the end of 2015.
Raymond James’s John Freeman reiterated a Market Perform rating on the stock:
he 2017 production guidance range of 890-910 Bcfe compares to RJ/Street at 892/893 Bcfe, respectively. Capex guidance of $1.175-1.275 billion was 18% above Street at $1.04 and 13% above RJ $1.08 billion. The production growth implies the company is taking the middle road of their previous growth scenario whereby $1.25 billion/yr of capex thru 2018 translates to an 8-12% CAGR. However, in 2017, the guidance range implies 2-4% growth y/y. Exit-to-exit, SWN is expecting 20% growth vs the Street at 14%.
Southwestern shares are down more than 32% since the start of the year.
- [By Matthew DiLallo]
Natural gas had been under pressure all year, especially after this past February was the warmest since 1954. By mid-March, gas had lost a quarter of its value because of an oversupplied market. However, it awoke from that slumber toward the end of March thanks in part to the triumphant return of winter, which pounded parts of the nation with a major late-season snowstorm. That storm drove up demand for gas, sending the stocks of several gas producers soaring late last month, including Rice Energy and larger rivalsChesapeake Energy (NYSE:CHK) and Southwestern Energy (NYSE:SWN), which both rose more than 5%.
- [By Ben Levisohn]
Southwestern Energy (SWN) soared to the top of the S&P 500 today after the price of natural gas soared the most since 2015 today.
Southwestern Energygained 5.8% to $10.98 today, while the S&P 500 declined 0.3% to 2,265.18. Front Month Nymex natural gas futures contracts for January delivery jumped 8.6% to $3.5420 per million btu.
Southwestern Energy’s market capitalization rose to $5.4 billion today from $5.1 billion yesterday. It reported a net loss of $4.6 billion on sales of $2.9 billion in 2015.
- [By Ben Levisohn]
Southwestern Energy (SWN) soared to the top of the S&P 500 today as concerns about a cold spell and a report that showed lower natural gas supply sent natural gas prices higher
Agence France-Presse/Getty Images
Shares of Southwestern Energy climbed 6.9% to $12.13 today, while the S&P 500 fell 0.4% to 2,191.08.
Desjardins Capital Markets’ Kristopher Zack and team explain that the “cold weather forecast [is] lighting a fire under NYMEX.” They explain:
Although oil prices have dominated the headlines following yesterdays OPEC cut, it has also been a fairly supportive week for natural gas producers, with winter NYMEX strip now approaching the US$3.50/mmbtu level, a far cry from last winters experience. La Ni帽a conditions have also been supportive, and we note that next Thursday morning the US Climate Prediction Center will provide its monthly update on the progress of conditions in the El Ni帽o region, which could be a good leading indicator of future weather patterns entering the heart of the winter season from mid-December through early March…
Temperatures expected to track near normalized levels over next two weeks, which is significantly colder than last winter’s levels. The weather forecast remains fairly constructive for December heating demand, with Heating Degree Days (HDDs) tracking very close to normalized levels through mid-month and particularly cold temperatures expected in the western US.
Southwestern Energy’s market capitalization rose to $6 billion from $5.6 billion yesterday. It reported a net loss of $4.6 billion on sales of $2.9 billion in 2015.
- [By Ben Levisohn]
Southwestern Energy (SWN) soared to the top of the S&P 500 today after Citigroup upgraded the stock to Buy from Neutral today.
S. MARTIN/AFP/Getty Images
Southwestern Energygained 5.9% to $7.81 today, while the S&P 500 rose 0.8% to 2,385.26.
According to TheFlyOnTheWall.com, Citigroup analyst Robert Morris noted that Southwestern’s stock had dropped 50% since September. He did, however, cut his price target to $10 from $14.
Southwestern Energy’s market capitalization rose to $3.9 billion billion today from $3.7 billion yesterday. It reported a net loss of $2.6 billion on sales of $2.4 billion in 2016.
top penny stocks: Cidara Therapeutics, Inc.(CDTX)
- [By Lee Jackson]
These companies also reported insider buying last week: Cidara Therapeutics Inc. (NASDAQ: CDTX), Ducommun Inc. (NYSE: DCO), HealthEquity Inc. (NASDAQ: HQY), Panhandle Oil and Gas Inc. (NYSE: PHX) and PolarityTE Inc. (NASDAQ: COOL).
top penny stocks: Monsanto Company(MON)
- [By Maxx Chatsko]
BeforeBayer(NASDAQOTH: BAYRY)arrived onto the scene, I viewedMonsanto(NYSE: MON)as an intriguing growth stock. It has a rich history of delivering value to shareholders and continues to hold a dominant technological edge over key competitors in crop protection products, seeds, and traits. While little has changed its promising pipeline and portfolio, the pending acquisition throws a wrench in anyone’s plans to start or add to a position. Uncertainty stemming from the merger provides several terrible reasons to buy Monsanto at this time.
- [By Chris Lange]
Monsanto Co.’s (NYSE: MON) latest quarterly earnings report is expected on Wednesday. The consensus analyst estimates are $1.77 in earnings per share (EPS) and $4.17 billion in revenue. Shares closed trading most recently at $117.02, in a 52-week range of $97.35 to $118.15. The consensus price target is $122.66.
- [By Shanthi Rexaline]
Agri-Input Companies — Seeds/ Fertilizers/Pesticides Manufacturers
Monsanto Company (NYSE: MON): +68.82 percent since 2011. Syngenta AG (ADR) (NYSE: SYT): +56.26 percent since 2011. Mosaic Co (NYSE: MOS): -63.1 percent since 2011. Potash Corporation of Saskatchewan (USA) (NYSE: POT): -67.8 percent since 2011. CF Industries Holdings, Inc. (NYSE: CF): +5.04 percent since 2011. Agrium Inc. (USA) (NYSE: AGU): +1.10 percent since 2011.