NEW YORK (TheStreet) -- Here are 10 things you should know for Friday, Sept. 20:
1. -- U.S. stock futures were pointing slightly down Friday while European and Asian stocks traded mostly lower following the Federal Reserve's surprise decision earlier this week not to scale back on its stimulus for the U.S. economy.
Japan's Nikkei 225 index fell 0.2% to close at 14,742.42 on Friday.
2. -- The economic calendar in the U.S. Friday is bare. 3. -- U.S. stocks on Thursday finished mixed as investors processed a barrage of economic data a day after the S&P 500 reached new highs driven by the Federal Reserve's pledge to maintain its $85 billion a month bond-buying program pending stronger evidence of a healthy U.S. economy. The S&P 500 fell 0.2% to 1,722.34 while the Dow Jones Industrial Average declined 0.3% to 15,636.55. The Nasdaq rose 0.2% to 3,789.38. 4. -- Apple's (AAPL) new iPhone 5s and iPhone 5c went on sale midnight Friday online and will be available in Apple stores at 8 a.m. local time. Both phones will be available in the U.S., Australia, Canada, China, France, Germany, Hong Kong, Japan, Puerto Rico, Singapore and the U.K. Wireless carriers and other retailers plan to sell the devices as well. It's the first time Apple is releasing two different iPhone models at once. The 5s is $199 with a two-year contract, includes a fingerprint sensor, a better camera and a faster processor. The 5s costs $100 more than the 5c, which has a few more extras than last year's iPhone 5. 5. -- Warren Buffett, when asked in a CNBC interview who should be the next Fed chairman, said he would have asked Ben Bernanke to stay in the job. "When you have a .400 hitter in the lineup you don't take him out," Buffett said in the interview. "He may want to leave, but I think he's done -- since the panic of five years ago -- I think he's done a terrific job. And I think he ought to get a little bit more of a chance to play out the hand," Buffett said. 6. -- Empire State Realty Trust, the real estate investment trust with the Empire State Building as its centerpiece, plans to launch an initial public offering of 71.5 million shares at $13 to $15 apiece, according to a regulatory filing on Thursday, Reuters reported. The shares are expected to price on Oct. 1, a source familiar with the matter told Reuters. 7. -- Vornado Realty Trust (VNO) agreed to sell its remaining 13.4 million J.C. Penney (JCP) shares. At a recent conference, Vornado's Chief Administrative Officer Joseph Macnow said the REIT expected to exit its investment in J.C. Penney "in the not-too-distant future," according to a regulatory filing last week. Shares of J.C. Penney fell 2.3% on Thursday to $13.14.
Hot Warren Buffett Stocks For 2014: Patriot National Bancorp Inc.(PNBK)
Patriot National Bancorp, Inc. operates as the bank holding company for Patriot National Bank that provides consumer and commercial banking services to individuals, small and medium-sized businesses, and professionals in Connecticut and New York. It offers various consumer and commercial deposit accounts, such as checking accounts, interest-bearing NOW accounts, insured money market accounts, time certificates of deposit, savings accounts, individual retirement accounts, and health savings accounts. The company also provides commercial loans, including secured and unsecured loans to service companies, real estate developers, manufacturers, restaurants, wholesalers, retailers, and professionals, as well as to small and medium-sized businesses; personal loans, such as lines of credit, installment loans, overdraft protection, and credit cards; real estate loans, including home mortgages, home improvement loans, bridge loans, home equity loans, and lines of credit to individua ls; and commercial real estate and construction loans to area businesses and developers. In addition, it offers Internet banking, bill paying, remote deposit capture, debit card, money order, traveler?s checks, and automated teller machine services; and solicits and processes mortgage loan applications from consumers on behalf of permanent investors and originates loans for sale. As of June 20, 2011, the company operated 15 full service branches, including 12 branches in Connecticut and 3 branches in New York, as well as a loan production office in Stamford, Connecticut. Patriot National Bancorp, Inc. was founded in 1994 and is headquartered in Stamford, Connecticut. Patriot National Bancorp Inc. is a subsidiary of PNBK Holdings LLC.
Hot Warren Buffett Stocks For 2014: Cleveland BioLabs Inc.(CBLI)
Cleveland BioLabs, Inc., a biotechnology company, engages in the discovery, development, and commercialization of products for cancer treatment, and protection of normal tissues from radiation and other acute stresses. Its products include Protectan CBLB502, a radioprotectant molecule with multiple medical and defense applications for reducing injury from acute stresses, such as radiation and chemotherapy by mobilizing various natural cell protecting mechanisms, including inhibition of apoptosis, reduction of oxidative damage, and induction of factors that induce protection and regeneration of stem cells in bone marrow and the intestines; Protectan CBLB612, a modified lipopeptide mycoplasma that acts as a stimulator and mobilizer of hematopoietic stem cells to peripheral blood, providing hematopoietic recovery during chemotherapy and during donor preparation for bone marrow transplantation; and Curaxins, which are small molecules intended to destroy tumor cells by simultan eously targeting two regulators of apoptosis. The company has a strategic research partnership with Roswell Park Cancer Institute to develop its anticancer and radioprotectant drug candidates; a strategic partnership with ChemBridge Corporation to access a chemical library of 214,000 compounds; and a strategic alliance with The Cleveland Clinic Foundation (CCF). It also has a cooperative research and development agreement with the Uniformed Services University of the Health Sciences; the Henry M. Jackson Foundation for the Advancement of Military Medicine, Inc.; and CCF to evaluate its radioprotective drug candidates and their effects on intracellular and extracellular signaling pathways. The company was founded in 2003 and is headquartered in Buffalo, New York.
10 Best High Tech Stocks To Invest In 2014: Rudolph Technologies Inc.(RTEC)
Rudolph Technologies, Inc. designs, develops, manufactures, and sells process control defect inspection, metrology, and process control software systems to microelectronics device manufacturers. The company provides yield management solutions for use in wafer processing and final manufacturing through a range of standalone systems for macro-defect inspection, test systems, and transparent and opaque thin film measurements. It also offers a range of process control software solutions for semiconductor, solar, and LED manufacturing. It provides products for various applications in the areas of macro-defect detection and classification, diffusion, etch, lithography, CVD, PVD, and CMP. The company sells its products and solutions to logic, memory, data storage, and application-specific integrated circuit device manufacturers. It sells its products in the United States, Taiwan, China, Singapore, South Korea, Japan, and Europe. The company was founded in 1940 and is based in Fla nders, New Jersey.
Advisors' Opinion:- [By John Emerson]
Orbotech (ORBK) and Rudolph Technologies (RTEC) Sizable Net-Nets in the AOI Sector
As noted previously, I rode the elevator up and then back down on Camtek (CAMT), a tiny Israeli automated optical inspection (AOI) company. By late 2008 the company had fallen to below $1 per share. Both of Camtek�� larger rivals, RTEC and ORBK, had dropped to absurdly low levels by November 2008. I used the opportunity to switch out of CAMT and some of my other losing propositions in favor of these superior companies. In the process, I created a large amount of tax loss carry-forwards which would allow me to minimize my future taxation when I decided to sell these cyclical entities.
- [By Seth Jayson]
When judging a company's prospects, how quickly it turns cash outflows into cash inflows can be just as important as how much profit it's booking in the accounting fantasy world we call "earnings." This is one of the first metrics I check when I'm hunting for the market's best stocks. Today, we'll see how it applies to Rudolph Technologies (Nasdaq: RTEC ) .
- [By Ben Axler]
In the table below, we've listed a sample of small-cap semiconductor capital equipment stocks such as Entegris (ENTG), Advanced Energy Industries (AEIS), ATMI Inc. (ATMI), MKS Instruments (MKSI), Photronics Inc. (PLAB), Rudolph Technologies (RTEC),FormFactor (FORM) and Mattson Technology (MTSN). The peers trade at approximately 1.0x and 15.5x 2014E revenues and EPS, respectively. Furthermore, the average peer trades at 2.1x tangible book value. However, these multiples are based on average 2014E industry revenue and earnings growth of 18% and 119%, respectively. Axcelis is poised to grow at a rate substantially above the industry average.
Hot Warren Buffett Stocks For 2014: First Power and Light Inc (VOLT.PK)
First Power and Light, Inc. (FPL), formerly Mainstream Entertainment, Inc., incorporated on June 24, 2008, is a full service solar installation company. The Company is engaged in the financing, design, installation and maintenance of small to large scale solar installations. The Company�� services include residential, commercial and solar farms.
As of July 22, 2013, the Company has completed over 400 commercial, Federal Government and residential installations. The Company has developed software. Its monitoring software provides both the Company and its customers with a view of their energy generation, consumption and carbon offset through an application available on smart-phones and any device with a Web browser.
Hot Warren Buffett Stocks For 2014: Morgan Crucible(MGCR.L)
The Morgan Crucible Company plc designs, manufactures, and markets carbon and ceramic components in Europe, North America, South America, Asia, and internationally. The company operates in two divisions: Morgan Engineered Materials and Morgan Ceramics. The Morgan Engineered Materials division offers electrical brushes, which are used in industrial and rail traction applications; seals and bearings that are used in fluid handling applications; protective ballistic armor, which are used in lightweight protective systems; ultra-high-temperature insulation for the production of silicon wafers; crucibles and furnaces that are used in the processing of non-ferrous metals; and lithium ion battery anode materials. It primarily serves industrial, security and defense, transportation, energy, electronics, and petrochemical markets. The Morgan Ceramics division offers insulating fiber, insulating bricks, and monolithics; ceramic cores for complex turbine blades; components for electr on tubes; feedthroughs for medical implants; and piezoelectric ceramic actuators. It principally serves industrial, transportation, electronics, petrochemical, energy, and healthcare markets. The company was founded in 1856 and is headquartered in Windsor, the United Kingdom.
Hot Warren Buffett Stocks For 2014: Carbon Energy Ltd(CNX.AX)
Carbon Energy Limited focuses on producing clean energy and chemicals feedstock from Underground Coal Gasification (UCG) syngas. UCG is an alternative coal mining method that converts coal into gas underground using a series of boreholes operated remotely from the surface. The company also holds the right to explore and lease coal tenements in Wyoming, the United States, and Montana/North Dakota, the United States. In addition, it has a joint venture with Hema Endustri to develop UCG projects in the Amasra coal tenements located on the coast of the Black Sea in northern Turkey. The company was formerly known as Metex Resources Ltd and changed its name to Carbon Energy Limited in June 2008. Carbon Energy Limited is headquartered in Milton, Australia.
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