What Stocks To Buy Or Sell? Quanta Services Inc (PWR), Emulex Corporation (ELX) and Miller Energy Resources Inc (MILL)

Posted by admin May 1, 2015 0 Comment 616 views

New York, NY – GDP INSIDER  –  05/01/2014.

This article discusses three companies: Quanta Services Inc (NYSE:PWR), Emulex Corporation (NYSE:ELX) and Miller Energy Resources Inc (NYSE:MILL)

Quanta Services Inc (NYSE:PWR) cut its guidance in its earnings report yesterday leading to a 2.6% selloff in the shares. The stock was down $0.77 to $28.91 on around 2.5x the daily average.  In addition, the company announced selling a subsidiary to Crown Castel International Corp. (NYSE:CCI) for $1 billion.  After tax, the deal will yield $800 million to Quanta and allow the company to better focus on its core business as an infrastructure contractor to the power and oil & gas sectors.  The cash can contribute further to earnings growth via repurchases or acquisitions.

Click Here To See How High Quanta Services Inc Can Move With Our Free PWR Analysis.   

Emulex Corporation (NYSE:ELX) reported a 3Q 2015 loss on Wednesday of $59 million or earnings of $0.82 per share.  After one-time items, the loss was $0.16 per share on revenue of $96 million.  The stock is up by 41% so far year-to-date, and it is up by 62% over the past year.  The MFI is at 89, which is relatively high.  We should look for a potential reversal in the stock. In addition, the RSI is over 69 and was over 72 recently, also a signal that we could see some further selling pressure over the near-term.

Investors Should Look To Buy On Weakness, Click Here To See Why In Our Free ELX Analysis.  

Miller Energy Resources Inc (NYSE:MILL) was down by 21% to $0.7251 yesterday.  This compares to a 52-week range of $0.62 – $6.60.  The company recently announced that it has engaged Global Hunter Securities to restructure the company.  It also received notice from the NYSE regarding its continued listing requirements, and it received a “Wells Notice” due to its 2009 Alaska asset acquisition in 2009.  The RSI and MFI are both very low at 29.8 and 12.  However, this is not a signal of a reversal and fundamentals are very uncertain.

Click Here To See How Low Miller Energy Resources Inc Can Still Go With Our Free MILL Investment Analysis.

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