On Friday, A robust U.S. jobs report climbed concern in markets, that the Federal Reserve may raise interest rates sooner than formerly thought, beating U.S. stock and bond prices.
News the U.S. unemployment rate hit a 6-1/2-year low in February fed into the dollar’s winning streak, propelling it to a fresh 11-1/2-year peak against a group of currencies and a similar high against the euro.
Insights about U.S. Stocks that landed in the Active-Zone during Friday’s trade, are depicted underneath:
AES Corp (NYSE:AES)’s shares dwindled -3.70%, and traded at $12.23. The Stock is active as 7.89M shares changed hands versus its average volume of 6.79M shares.
The Dayton Power and Light Corporation (DP&L), a partner of The AES Corporation (AES), recently is presenting Kettering City Schools with an energy efficiency rebate of $116,618.70 for a project that upgraded lighting in buildings across the district.
With guidance from DP&L, Kettering City Schools installed higher energy efficient lighting and occupancy sensors at each building in the district for a total savings of 823,543.63 kilowatts annually. Officials said the district had already changed several internal procedures, such as having employees manually turn off lights when not in use and adjusting thermostat temperature set points seasonally, to address energy efficient practices but the upgraded lighting significantly improved energy efficiency and reduced energy costs.
The buildings comprised of the transportation facility, maintenance office, J.E. Prass Elementary School, Southdale Elementary School, Orchard Park Elementary School, Oakview Elementary School, John F. Kennedy Elementary School, Indian Riffle Elementary School, Greenmont Elementary School, Beavertown Elementary School, Van Buren Middle School, Trent Arena, Kettering Middle School, Fairmont High School and the D.L. Barnes Administration Office.
The AES Corporation operates as a diversified power generation and utility corporation. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries.
Philip Morris International Inc (NYSE:PM), declined -2.03%, and traded at $80.05. The Stock is active as 7.76M shares changed hands versus its average volume of 4.72M shares.
According to Zacks, Philip Morris International, Inc. (PM), is geared to raise its supply chain to improve its operating efficiencies. In order to get a major share of the popular Mexican tobacco leaves, its South African partner — Philip Morris International Administration SA (“PMIMSA”) — reached a tobacco leaf supply deal with the leading global leaf tobacco supplier Universal Corporation’s UVV partner, Tabacos del Pacifico Norte S.A. (“TPN”).
PMIMSA presently sources Mexican-grown leaf tobacco through a direct partner of Philip Morris International partner. However, once the contract comes into effect, PMIMSA will buy processed graded tobacco leaves from TPN. The deal is planned to start from the forthcoming 2015 crop and TPN has declared that it will raise its purchase of tobacco leaves in Mexico as part of this contract.
The corporation ensures the procurement of best quality graded tobacco leaves by making direct contracts with farmers. More than 70% of Philip Morris’ total tobacco purchase comes from 10 countries, namely, Brazil, Turkey, U.S., Malawi, Indonesia, China, Argentina, Philippines, Mozambique and Tanzania.
The contract will solidify Philip Morris’ position as a major purchaser of Mexican tobacco leaves. Mexico is well known for its sun-grown tobacco, especially in the San Andres Valley. Mexican cigars are usually made with 100% local tobacco. Mexican leaves are widely used as binders and filler in cigars. A variant of the Sumatra seed tobacco, Mexican tobacco is often used as a maduro wrapper.
Philip Morris carries a Zacks Rank #5 (Strong Sell).
Philip Morris International Inc., through its auxiliaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products.
Emerson Electric Co (NYSE:EMR), dipped -2.62%, and traded at $56.56. The Stock is active as 7.70M shares changed hands versus its average volume of 6.49M shares. The company holds the book value per share of 13.76, whereas cash per share is 4.56. Price to book value is estimated to be 4.11, while price to sale value is 1.58. Analysts mean recommendation for the stock is said to be 2.80 (where 1=Buy, 5=sale).
Emerson Electric Co. provides technology and engineering solutions to industrial, commercial, and consumer markets worldwide. It operates through five segments: Process Administration, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions.
Cliffs Natural Resources Inc (NYSE:CLF), dropped -5.43%, and traded at $6.27. The Stock is active as 7.63M shares changed hands versus its average volume of 8.36M shares.
Cliffs Natural Resources Inc. (CLF), declared that it has amended its formerly declared private offers to exchange its newly issued 7.75% Senior Secured Notes due 2020 for certain outstanding senior unsecured notes of Cliffs, upon the terms and subject to the conditions set forth in the Corporation’s offering memorandum dated February 26, 2015, in order to raise the maximum aggregate principal amount of Senior Secured Notes to be exchanged from $750 million to $1.25 billion.
Cliffs has also raised the maximum principal amount of 6.25% Senior Notes due 2040 that will be accepted in the Exchange Offers from $325 million to $400 million.
The acceptance priority levels for each series of outstanding senior unsecured notes subject to the Exchange Offers and the applicable consideration offered for each series of Existing Notes remain unchanged. The deadlines for the Exchange Offers also remain unchanged.
Cliffs Natural Resources Inc. is a leading mining and natural resources corporation in the United States. The Corporation is a major supplier of iron ore pellets to the North American steel industry from its mines and pellet plants located in Michigan and Minnesota. Cliffs also operates an iron ore mining complex in Western Australia.
