Exxon Mobil Corporation’s (XOM Quick QuoteXOM ) petrochemical joint venture (JV) with Saudi Basic Industries Corporation or SABIC in the U.S. Gulf Coast has commenced commissioning operations. The project is preparing for initial start-up in the fourth quarter, ahead of the earlier schedule.
The new complex near Corpus Christi, TX, incorporates an ethane cracker with 1.8 million metric tons per annum of capacity, which will feed one mono-ethylene glycol and two polyethylene units. The ethane cracker is expected to be the world’s second-largest unit. The mono-ethylene glycol unit will likely be the world’s largest of its kind, with 1.1 million metric tons per annum of capacity. The linear low-density polyethylene facilities will have 650,000 metric tons per annum of capacity each.
The mono-ethylene glycol and two polyethylene units reached mechanical completion by July-end. The project is likely to generate $50 billion of economic benefits in the first six years of operation. It will produce the necessary chemicals utilized in medical, automotive and packaging products.
Best Medical Stocks To Buy Right Now: SIEMENS AG(SIEGY)
Siemens Aktiengesellschaft, a technology company, focuses in the areas of automation and digitalization in Europe, Commonwealth of Independent States, Africa, the Middle East, the Americas, Asia, and Australia. Its Digital Industries segment offers automation systems and software for factories, numerical control systems, motors, drives and inverters, and integrated automation systems for machine tools and production machines; process control systems, machine-to-machine communication products, sensors and radio frequency identification systems; production and product lifecycle management software; mechatronic systems simulation and testing software; and cloud-based industrial Internet of Things operating system. The company's Smart Infrastructure segment supplies and connects energy systems and building technologies to enhance efficiency and sustainability; and supports customers to address technology shifts. Its Mobility segment provides passenger and freight transportation, such as rail vehicles, rail automation and electrification systems, road traffic technology, digital solutions, and related services; and mobility system services. The company's Siemens Healthineers segment offers medical technology and software solutions; and clinical consulting and training services. Its Siemens Financial Services segment provides leasing solutions and equipment; and debt and equity investment products. The company was founded in 1847 and is headquartered in Munich, Germany.
Advisors’ Opinion:
- [By ]
That means a smattering of foreign but familiar names, including Switzerland-based drugmaker Roche Holding (RHHBY) and German industrial giant Siemens (SIEGY) near the top of the list of holdings. Emerging markets are also represented, accounting for about 12.6% of FIGRX's total asset allocation.
- [By Stephan Byrd]
Shares of Siemens AG (OTCMKTS:SIEGY) have been given a consensus recommendation of “Hold” by the six analysts that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company.
Best Medical Stocks To Buy Right Now: ABAXIS Inc.(ABAX)
Abaxis, Inc. develops, manufactures, markets, and sells portable blood analysis systems for use in veterinary or human patient-care setting to provide blood constituent measurements for clinicians worldwide. The company offers point-of-care blood chemistry analyzer, which consists of a compact portable analyzer and a series of single-use plastic discs, called reagent discs, containing all the chemicals required to perform a panel of up to 14 tests on human patients and 13 tests on veterinary patients. It markets the blood analysis system under the Piccolo Xpress and Piccolo Classic names in the medical market; and under the VetScan VS2 and VetScan Classic names in the veterinary market. The company also provides VetScan HM5, VetScan HM2, VetScan HMII, and VetScan HMT hematology instruments for veterinary applications. In addition, its products include VetScan VSpro, which assists in the diagnosis and evaluation of suspected bleeding disorders, toxicity/poisoning, evaluatio n of disseminated intravascular coagulation, hepatic disease, monitoring therapy, and the progression of disease states. Further, the company offers VetScan VSpro fibrinogen test to provide in-vitro determination of fibrinogen levels in equine platelet poor plasma from a citrated stabilized whole blood sample; and i-STAT 1 that delivers blood gas, electrolyte, basic blood chemistry, and hematology results. Additionally, its products comprise Canine Heartworm Rapid Test to detect dirofilaria immitis in canine whole blood, serum, or plasma; Canine Parvovirus Rapid Test Kit to detect canine parvovirus antigen in feces; and VetScan Giardia Rapid Test to detect giardiasis, a gastrointestinal infection caused by the protozoan parasite Giardia. Abaxis sells its products through direct sales force and independent distributors. The company was founded in 1989 and is headquartered in Union City, California.
Advisors’ Opinion:
- [By Joseph Griffin]
Get a free copy of the Zacks research report on Abaxis (ABAX)
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- [By Shane Hupp]
Abaxis Inc (NASDAQ:ABAX) has received a consensus recommendation of “Hold” from the thirteen brokerages that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $67.00.
Best Medical Stocks To Buy Right Now: HNI Corporation(HNI)
HNI Corporation, incorporated on January 10, 1944, is a provider of office furniture and hearth products. The Company manufactures and markets gas and wood burning fireplaces. The Company operates through two segments: office furniture and hearth products. The Company’s office furniture segment manufactures and markets a range of metal and wood commercial and home office furniture, which includes storage products, desks, credenzas, chairs, tables, bookcases, freestanding office partitions, and panel systems and other related products. The Company’s hearth products segment manufactures and markets a range of gas, electric, wood and biomass burning fireplaces, inserts, stoves, facings and accessories, principally for the home. The Company’s office furniture products are sold through dealers, wholesalers and office product distributors, and are also sold directly to end user customers, and federal, state and local governments. The Company’s hearth products are sold through dealers and distributors, as well as through the Company-owned distribution and retail outlets.
Office Furniture
The Company’s office furniture segment’s portfolio includes panel-based and freestanding furniture systems, and complementary products, such as seating, storage and tables. The Company offers a range of office panel system products and freestanding desks, classroom solutions, bookshelves and credenzas. It offers a range of storage options designed either to be integrated into the Company’s office systems products or to function as freestanding furniture in office applications. The Company’s seating line includes chairs designed for various types of office work. The chairs are available in a range of frame colors, coverings and a range of price points. The Company’s products are sold under the various brands, including HON, Allsteel, Maxon, Gunlocke, Paoli, HBF, artcobell, Midwest Folding Products, American Desk, basyx by HON, Lamex and ERGO, as well as private labels.
Hearth Products
The Company’s hearth products segment manufactures and markets prefabricated fireplaces, hearth stoves and related products, primarily for the home. The Company sells its products under the brands, including Heatilator, Heat & Glo, Majestic, Monessen, Quadra-Fire, Harman Stove, Vermont Castings and PelPro.
The Company competes with Steelcase Inc., Haworth, Inc., Herman Miller, Inc., Knoll, Inc., The Global Group, Kimball International, Inc., Krueger International Inc., Virco Mfg. Corporation, Teknion Corporation, Travis Industries Inc., Innovative Hearth Products, Wolf Steel Ltd. and FPI Fireplace Products International Ltd.
Advisors’ Opinion:
- [By Shane Hupp]
Get a free copy of the Zacks research report on HNI (HNI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Lisa Levin]
Some of the stocks that may grab investor focus today are:
Wall Street expects Halliburton Company (NYSE: HAL) to report quarterly earnings at $0.42 per share on revenue of $5.75 billion before the opening bell. Halliburton shares fell 0.06 percent to $51.93 in after-hours trading.
Analysts expect Alphabet Inc. (NASDAQ: GOOGL) to post quarterly earnings at $9.33 per share on revenue of $30.31 billion after the closing bell. Alphabet shares gained 0.24 percent to $1,079.88 in after-hours trading.
Before the markets open, Lennox International Inc. (NYSE: LII) is projected to report quarterly earnings at $1.09 per share on revenue of $815.16 million. Lennox shares dropped 2.84 percent to close at $197.08 on Friday.
HNI Corporation (NYSE: HNI) reported retirement of its CEO Stan A. Askren and appointment of Jeffrey D. Lorenger as new CEO. HNI also reported strong earnings for its first quarter. HNI shares fell 3.17 percent to $34.20 in the after-hours trading session.
Analysts are expecting Hasbro, Inc. (NASDAQ: HAS) to have earned $0.35 per share on revenue of $822.15 million in the latest quarter. Hasbro will release earnings before the markets open. Hasbro shares fell 0.39 percent to $82.49 in after-hours trading.
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Best Medical Stocks To Buy Right Now: StoneCo Ltd.(STNE)
StoneCo Ltd. provides financial technology solutions to merchants and integrated partners to conduct electronic commerce across in-store, online, and mobile channels in Brazil. It distributes its solutions, principally through proprietary Stone Hubs, which offer hyper-local sales and services; and technology and solutions to digital merchants through sales and technical personnel and software vendors, as well as sells solutions to brick-and-mortar and digital merchants through sales team. As of December 31, 2020, the company served approximately 652,600 clients primarily small-and-medium-sized businesses; and 260 integrated partners, such as global payment service providers, digital marketplaces, and integrated software vendors. The company was founded in 2000 and is headquartered in George Town, Cayman Islands. StoneCo Ltd. is a subsidiary of HR Holdings, LLC.
Advisors’ Opinion:
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It's only a middle-of-the-pack position at just 0.8% of Berkshire's equity assets. But it certainly belongs. Unlike other recent new positions such as Amazon.com (AMZN), StoneCo (STNE) and Snowflake (SNOW), old-economy value play Kroger is right in line with Buffett's traditional interests.
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It's only a middle-of-the-pack position at just 0.8% of Berkshire's equity assets. But it certainly belongs. Unlike other recent new positions such as Amazon.com (AMZN), StoneCo (STNE) and Snowflake (SNOW), old-economy value play Kroger is right in line with Buffett's traditional interests.
- [By ]
It's only a middle-of-the-pack position at just 0.8% of Berkshire's equity assets. But it certainly belongs. Unlike other recent new positions such as Amazon.com (AMZN), StoneCo (STNE) and Snowflake (SNOW), old-economy value play Kroger is right in line with Buffett's traditional interests.
Best Medical Stocks To Buy Right Now: Summit Hotel Properties, Inc.(INN)
Summit Hotel Properties, Inc., a hotel investment company, engages in acquiring, owning, renovating, repositioning, and asset-managing and selling premium-branded limited-service and select-service hotels in the upscale and midscale without food and beverage segments of the United States lodging industry. As of August 3, 2012, the company operated 74 hotels with a total of 7,586 guestrooms located in 20 states. Summit Hotel Properties, Inc. was founded in 2004 and is based in Sioux Falls, South Dakota.
