Amtrak is the U.S. intercity passenger rail provider and high-speed rail operator. The corporation operates commuter rail systems on behalf of several states and transit agencies.
The project is the cornerstone for Amtrak�� Gateway Program which targets rail service expansion through two proposed tunnels underneath the Hudson River. The tunnels will directly connect New Jersey and Penn Station in order to double capacity across the Hudson River.
However, trains passing through the new tunnels would cross an area on Manhattan�� west side kept aside for mixed-use development through a right-of-way. But without the tunnel box, construction of the new tunnels will be impossible.
According to the deal, Tutor Perini will construct an 800 feet long, 50 feet wide and 35 feet tall box tunnel which will extend from the 10th to the 11th Avenue and between 31st and 33rd Streets.
Top Growth Companies To Watch In Right Now: Market Leader Inc(LEDR)
Market Leader, Inc., together with its subsidiaries, provides software-as-a-service-based business and marketing solutions for real estate professionals primarily in the United States and Canada. It offers real estate agents and brokerage companies with software-as-a-service based products, as well as online lead-generation, online prospect management, online real estate portal content and advertising, and customer coaching and training solutions. The company also offers consumers with free access to the information and tools they need throughout the home buying and selling process through its national consumer real estate sites. Its consumer Web sites include: JustListed.com, a service that notifies home buyers as soon as new homes hit the market; HouseValues.com, a service, which provides home sellers with market valuations of their current homes; and HomePages.com, a real estate portal that enables consumers to see the home listings in their area, view detailed neighbor hood and school data, compare recent home sales, find local real estate agents, and find the value of their own homes. In addition, the company offers Growth Leader, a Website and customer relationship management tool for real estate agents; RealtyGenerator, a lead-generation and lead management system for real estate brokerage offices; and ActiveRain.com that provides professional networking, referral, recruitment, content syndication, and online marketing services for professionals in real estate and related businesses. Market Leader, Inc. markets its products to individual agents and brokerage offices directly, as well as through marketing partnerships with real estate franchise networks. The company was formerly known as Housevalues, Inc. and changed its name to Market Leader, Inc. in November 2008. Market Leader, Inc. was founded in 1999 and is headquartered in Kirkland, Washington.
Advisors' Opinion:- [By Michael Lewis]
For a bit of context, competitor Trulia (NYSE: TRLA ) is in negotiations to buy Market Leader (NASDAQ: LEDR ) for $355�million. Market Leader is a smaller (and growing) business that's similar to both Zillow and Trulia. Since Market Leader is still earnings negative, we can't compare it on a P/FCF basis, but we can look at other metrics. For one, Market Leader trades at a still-ridiculous-but-slightly less-so 57.2 times forward earnings. It trades at 6.4 times last year's sales. Zillow trades at 16.4 times last year's sales. Management expects sales to hit (on the high end) $182 million -- that implies a price of 10.55 times forward sales. If they double a year or two after, which would be unbelievably phenomenal, it would trade at 5.3 times sales.
Top 5 Railroad Companies To Own In Right Now: QC Holdings Inc.(QCCO)
QC Holdings, Inc. provides various retail consumer financial products and services in the United States. The company offers payday loans that provide cash to the customers in exchange for a promissory note with a maturity of two to three weeks. It also provides financial products and services, such as installment loans, credit services, check cashing services, title loans, money transfers, and money orders. In addition, QC Holdings operates as a credit services organization that arranges a third-party lender to make a loan to the consumer and for providing related services to the consumer, including a guarantee of the consumer?s obligation to the third-party lender. Further, the company sells used vehicles and earns finance charges from the related vehicle financing contracts; and provides reconditioning services on its inventory of vehicles, and repair services for its customers. As of As of December 31, 2010, the company operated 523 short-term lending branches in 24 sta tes; and 5 buy here, pay here lots located in Missouri and Kansas. QC Holdings, Inc. was founded in 1984 and is headquartered in Overland Park, Kansas.
Advisors' Opinion:- [By Lisa Levin]
QC Holdings (NASDAQ: QCCO) shares tumbled 3.68% to reach a new 52-week low of $1.83. QC Holdings shares have dropped 42.60% over the past 52 weeks, while the S&P 500 index has gained 31.67% in the same period.
- [By Monica Gerson]
QC Holdings (NASDAQ: QCCO) shares tumbled 2.58% to reach a new 52-week low of $2.27. QC Holdings' trailing-twelve-month profit margin is 0.60%.
NewLead Holdings (NASDAQ: NEWL) shares dipped 6.56% to touch a new 52-week low of $0.08 after the company completed the acquisition of titles in the Viking Mine located in Kentucky, USA.
Top 5 Railroad Companies To Own In Right Now: Molycorp Inc (MCP)
Molycorp, Inc. (Molycorp) is a rare earth oxide (REO) producer in the Western hemisphere. The Company owns developed rare earth projects outside of China. The Company also owns rare earth oxide and rare metal producer in Europe. The Company is the producer of rare earth alloys in the United States. It has three operating segments: Molycorp Mountain Pass, Molycorp Tolleson and Molycorp Sillamae. On April 1, 2011, the Company acquired 90% interest in AS Silmet located in Sillamae, Estonia. On April 15, 2011, it acquired Santoku America, Inc. On October 24, 2011, it acquired the remaining 9.9% interest in Molycorp Sillamae. On August 22, 2011, Molycorp opened an office in Tokyo, Japan to provide customer support, as well as consulting and technical services to its customers in Japan. In June 2012, the Company acquired Neo Material Technologies Inc.
The Company sells and transports a portion of the REOs it produces at its Molycorp Mountain Pass and Molycorp Sillamae facilities to customers for use in their particular applications. The remainder of the REOs are processed into rare earth metals and rare earth alloys. The Company produces rare earth metals outside of the United States through third-party tolling arrangements and through tolling at its Molycorp Sillamae facility. A portion of these metals is sold to end-users, and it processes the rest into rare earth alloys at its Molycorp Tolleson facility in Arizona. These rare earth alloys can be used in a variety of applications, including but not limited to electrodes for nickel metal hydride battery production; samarium cobalt (SmCo), magnet production, and neodymium-iron-boron (NdFeB) magnet production.
Molycorp Sillamae sells products to customers in Europe, North and South America, Asia, Russia, and other former Soviet Union countries. At the Molycorp Mountain Pass facility, the Company owns an open-pit mine containing rare earth deposits outside of China. In addition to the mine, its Molycorp Mountain Pass facility includ! es associated crushing, milling, flotation and separation facilities. Its Molycorp Mountain Pass facility is located approximately 60 miles southwest of Las Vegas, Nevada near Mountain Pass, San Bernardino County, California.
The Company�� Molycorp Sillamae facility consists of various manufacturing, research and administration buildings located on 67 acres of land at 2 Kesk Street, Sillamae, Estonia, 200 kilometers from Tallinn, the Estonian capital. The Company�� Molycorp Tolleson facility includes various manufacturing, research, and administration buildings situated on seven acres of land at 8220 West Harrison Street, Tolleson, Arizona, which is just south of Interstate 10 about 15 miles west of Phoenix, Arizona's Sky Harbor Airport. As of December 31, 2011, its Molycorp Tolleson facility had the installed capacity to produce approximately 1,350 tons of ingot cast alloys and 750 tons of strip cast alloys per year.
Advisors' Opinion:- [By Taylor Muckerman]
Once the veil is lifted
Molycorp� (NYSE: MCP ) presents a fine example of what can transpire after the SEC's investigation is complete and shows little in the way of further enforcement. Just last week, the company's shares spiked 10.5% after the SEC completed its investigation into Molycorp's policy of changing its public disclosures and levied no burdensome actions or fines. Unfortunately, this most recent price spike has done little to rejuvenate the rare-earth miner's volatile stock, which stands at just 27% of its year ago price. - [By Roberto Pedone]
Molycorp (MCP) is a rare earth company. This stock closed up 4.6% to $6.73 in Tuesday's trading session.
Tuesday's Range: $6.46-$6.87
52-Week Range: $4.70-$14.44
Tuesday's Volume: 8.04 million
Three-Month Average Volume: 6.17 millionFrom a technical perspective, MCP spiked notably higher here right above some near-term support at $6.37 with above-average volume. This stock has been uptrending modestly higher for the last month, with shares moving up from its low of $5.95 to its recent high of $6.98. During that move, shares of MCP have been consistently making higher lows and higher highs, which is bullish technical price action. This spike on Tuesday briefly pushed shares of MCP back above its 50-day moving average of $6.75. Shares of MCP are now starting to move within range of triggering a near-term breakout trade. That trade will hit if MCP manages to take out some near-term overhead resistance levels at $6.98 to $7.13 with high volume.
Traders should now look for long-biased trades in MCP as long as it's trending above support at $6.37 and then once it sustains a move or close above those breakout levels with volume that hits near or above 6.17 million shares. If that breakout hits soon, then MCP will set up to re-test or possibly take out its next major overhead resistance levels at $7.73 to $8.06. Any high-volume move above those levels will then give MCP a chance to tag its next major overhead resistance level at $9.25.
- [By Paul Ausick]
Stocks on the Move: J.C. Penney Co. Inc. (NYSE: JCP) is down 9% at $7.16 after posting a new 30-year low today. Molycorp Inc. (NYSE: MCP) is down 21.5% at $5.58 after announcing a secondary stock offering. Teradata Corp. (NYSE: TDC) is down 18.4% at $42.92 on disappointing guidance.
- [By Anna Prior]
Molycorp Inc.(MCP) posted weaker results for the first three months of the year. The Colorado mining company reporter first-quarter losses more than doubled as revenues were hurt by lower prices for rare earths and magnetic powders and lower sales volumes in its resources segment. Shares dropped 12% to $4 premarket.
Top 5 Railroad Companies To Own In Right Now: BYD Co Ltd (BYDDF)
BYD COMPANY LIMITED is principally engaged in the research, development, manufacture and distribution of automobiles, secondary rechargeable batteries and mobile phone components. The Company operates its businesses primarily through secondary rechargeable battery business, which provides lithium-ion batteries and nickel batteries, which are applied in mobile phones, digital cameras, electric tools, electric toys and other portable electronic devices; mobile phone components and assembly businesses, which offers casings, keypads, liquid crystal display (LCD) modules, cameras, flexible circuit boards, chargers, and mobile phone design and assembly services, as well as automobile business, which provides automobiles, including G6, S6 and other series. Advisors' Opinion:- [By Chris Isidore]
Shares of Tesla (TSLA) shot up as high as $196, before easing off those highs later in the day. That topped the previous record set Sept. 30 Shares of Chinese electric carmaker BYD (BYDDF), in which Warren Buffett's Berkshire Hathaway (BRKA, Fortune 500) has taken a stake, were also higher in trading in China and the United States.
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