Already this year, 31 companies have sold their shares to the public for the first time, a 72% increase from this point in 2013, says Kathleen Smith of Renaissance Capital. That's the best start for initial public offerings since at least 2006. If the trends stay in place, 2014 could be the best start to a year since the dot-com boom of 2000.
The IPO surge continued Wednesday after three companies launched their deals, including injectable-drug maker Eagle Pharmaceuticals, pain therapy researcher Flexion Therapeutics and regional bank Talmer Bancorp.
ASK MATT: Why do IPO prices jump so quickly?
Companies are looking to take advantage of the surprisingly strong stock market and investors' willingness to take a risk with newly public companies. Big biotech stocks have been the darlings of this year's IPO market, with the gains being lavished on companies like Revance Therapeutics and Auspex Pharmaceuticals.
Best Warren Buffett Stocks To Invest In Right Now: Rimage Corporation(RIMG)
Rimage Corporation provides disc publishing and virtual publishing solutions that enable businesses to deliver digital content to their customers and employees worldwide. Its solutions enable delivery of videos, documents, audio files, and images. The company?s digital publishing solutions archive, distribute, and protect content on CDs, DVDs, and Blu-Ray Discs. It also offers a video platform, which captures, manages, and distributes live and on-demand content. The company, through its joint venture with Taiwan Electronic Data Processing Corporation, also provides Medical Disc System, a medical imaging disc publishing solution. Rimage Corporation was founded in 1978 and is headquartered in Minneapolis, Minnesota.
Advisors' Opinion:- [By ShadowStock]
RIMG: Rimage Corporation (RIMG)
"Helps businesses deliver digital content directly and securely to their customers, employees and partners"
Market Cap: $83.72M
Enterprise Value: $16.93M
Top Regional Bank Stocks To Watch For 2014: Boyd Gaming Corporation(BYD)
Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in the United States. As of December 31, 2011, the company owned and operated 1,042,787 square feet of casino space, containing approximately 25,973 slot machines, 655 table games, and 11,418 hotel rooms. It also owned and operated 16 gaming entertainment properties located in Nevada, Illinois, Louisiana, Mississippi, Indiana, and New Jersey. In addition, the company owns and operates a pari-mutuel jai-alai facility located in Dania Beach, Florida, as well as a travel agency in Hawaii. Further, it holds a 50% controlling interest in the limited liability company that operates Borgata Hotel Casino and Spa in Atlantic City, New Jersey. Boyd Gaming Corporation was founded in 1988 and is headquartered in Las Vegas, Nevada.
Advisors' Opinion:- [By Monica Gerson]
Boyd Gaming (NYSE: BYD) reported an adjusted Q4 loss of $0.24 per share on revenue of $681.5 million. However, analysts were projecting a loss of $0.24 per share on revenue of $683.2 million. Boyd shares declined 3.96% to $11.15 in the after-hours trading session.
- [By Seth Jayson]
Boyd Gaming (NYSE: BYD ) reported earnings on April 24. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Boyd Gaming met expectations on revenues and beat expectations on earnings per share. - [By Roberto Pedone]
One gaming player that's rapidly moving within range of triggering a big breakout trade is Boyd Gaming (BYD), which owns and operates gaming entertainment facilities located in Nevada, Mississippi, Illinois, Louisiana and Indiana. This stock has been blazing a trail to the upside so far in 2013, with shares up sharply by 115%.
If you look at the chart for Boyd Gaming, you'll notice that this stock has been uptrending strong over the last month and change, with shares moving sharply higher from its low of $11.27 to its intraday high of $14.38 a share. During that move, shares of BYD have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of BYD into breakout territory above resistance at $13.79 a share, and it's quickly pushing the stock within range of another big breakout trade.
Traders should now look for long-biased trades in BYD if it manages to break out above its 52-week high at $14.50 a share with high volume. Look for a sustained move or close above that level with volume that hits near or above its three-month average action of 2.34 million shares. If that breakout triggers soon, then BYD will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $18 to $20 a share.
Traders can look to buy BYD off any weakness to anticipate that breakout and simply use a stop that sits right below some near-term support at $13 a share. One can also buy BYD off strength once it takes out $14.50 a share with volume and then simply use a stop that sits a comfortable percentage from your entry point.
- [By Dan Caplinger]
The real question is whether Zynga can hold off experienced casino operators if online gambling becomes a reality. Already, alliances are forming, with Boyd Gaming (NYSE: BYD ) and MGM Resorts (NYSE: MGM ) having linked up with bwin.party -- the same company Zynga tapped for its real-money Zynga Poker -- to help Boyd take advantage of newly legal online gambling in New Jersey. Zynga has the obvious edge with its social savvy, but established casino companies will have huge incentives to defend their turf if Zynga starts to make a serious dent in the industry.
Top Regional Bank Stocks To Watch For 2014: Dutch Gold Resources Inc (DGRI)
Dutch Gold Resources, Inc. (Dutch Gold), incorporated on May 14, 2002, is a precious metals exploration-stage company engaged in the business of acquiring, exploring and developing mineral properties in North America. The Company holds an interest in properties in Nevada, Montana and Oregon.
The Company holds a leasehold interest in a property near Philipsburg, Montana which consists of 217 acres of patented land and approximately 900 acres of Bureau of Land Management (BLM) land, referred to as Basin Gulch. The Jungo gold exploration project is located approximately 50 miles northwest of the town of Winnemucca in Humboldt County, Nevada. The property is on BLM land and is held by 95 unpatented lode mining claims. During the year ended December 31, 2011, the Company has not generated revenue from operations.
Advisors' Opinion:- [By Peter Graham]
Next Generation Energy Corp (OTCMKTS: NGMC) and Dutch Gold Resources, Inc (OTCMKTS: DGRI) are the latest small cap stocks to announce their entry into the marijuana business while peer Endocan Corp (OTCMKTS: ENDO) sees some paid promotions or investor relations activities, but otherwise remains quiet. So will investors and traders alike achieve a high with any of these small cap marijuana stocks? Here is a quick reality check:
Top Regional Bank Stocks To Watch For 2014: China Ceramics Co. Ltd.(CCCL)
China Ceramics Co., Ltd. engages in the manufacture and sale of ceramic tiles used for exterior siding, interior flooring, and design in residential and commercial buildings primarily in the People's Republic of China. It offers porcelain tiles, glazed tiles, glazed porcelain tiles, rustic tiles, and ultra-thin tiles under the Hengda, Hengdeli, TOERTO, and WULIQIAO brand names. The company primarily sells its products through a distributor network, as well as directly to property developers. China Ceramics Co., Ltd. is based in Jinjiang City, the People's Republic of China.
Advisors' Opinion:- [By Monica Gerson]
China Ceramics Co (NASDAQ: CCCL) is expected to report its Q2 earnings.
Posted-In: Earnings scheduleEarnings News Pre-Market Outlook Markets
- [By Lisa Levin]
China Ceramics Co (NASDAQ: CCCL) shares fell 2.40% to touch a new 52-week low of $1.63. China Ceramics shares have dropped 35.27% over the past 52 weeks, while the S&P 500 index has gained 19.70% in the same period.
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