Thursday, May 16, 2013

Best Financial Companies To Invest In Right Now

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of professional staffing firm On Assignment (NYSE: ASGN  ) popped 11% today after its quarterly results and guidance topped Wall Street expectations.

So what: On Assignment's first-quarter results -- adjusted EPS of $0.35 on a revenue spike of 148% -- and current-quarter guidance were so strong, that analysts have no choice but to raise their valuation estimates, yet again. In fact, adjusted EBITDA expanded 50 basis points, to 8.8% from the year-ago period, fueling investor optimism over management's ability to sustain profitable growth.

Now what: Management now sees second-quarter EPS of $0.27-$0.29 on revenue of $410 million-$414 million, nicely ahead of Wall Street's view of $0.26 and $402 million. "We believe we are well positioned to meet or exceed our financial targets for the full year," President and CEO Peter Dameris said in a statement. "Demand for our services is strong and in most of our segments our growth is outpacing the market." With the stock hitting a new 52-week high today, and trading at a 25-plus P/E, however, much of that growth might already be baked into the valuation.

Best Financial Companies To Invest In Right Now: Nanosonics Ltd(NAN.AX)

Nanosonics Limited engages in the research, development, and commercialization of infection control and decontamination products, and related technologies in Australia and Europe. The company manufactures and distributes Trophon EPR ultrasound probe disinfector, as well as associated consumables. It also owns intellectual properties relating to disinfection and sterilization technologies. The company offers its products and services to healthcare, food processing, room and space decontamination, and manufacturing industries. Nanosonics Limited was founded in 2000 and is headquartered in Alexandria, Australia.

Best Financial Companies To Invest In Right Now: Vendanta Resources Ord Usd 0.1(VED.L)

Vedanta Resources plc operates as a diversified metals and mining company in India, China, the United Kingdom, Africa, Europe, the Middle East, and Asia. It involves in mining, smelting, refining, and producing aluminum, alumina, copper, and zinc products; producing lead and iron ore products; processing gold and silver; and bauxite mining. The company also provides various financing services, port services, and accomodation and catering services, as well as engages in power generation business activities. Vedanta Resources plc was founded in 1976 and is headquartered in London, the United Kingdom.

Top 5 Integrated Utility Stocks To Invest In Right Now: Sunshine Holdings Limited (Y34.SI)

China Mining International Limited, an investment holding company, engages in the investment, development, and management of commercial and residential properties primarily in the People�s Republic of China. It holds properties for rental and related income; engages in the sub-leasing and management of commercial developments, service apartments, and SOHO offices; and provides hotel and property management services, as well as maintenance and related services. The company was formerly known as Sunshine Holdings Limited and changed its name to China Mining International Limited in March 2012. China Mining International Limited was founded in 1999 and is based in Zhengzhou, the People�s Republic of China.

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