We see Devon’s acquisitions as savvy

Oil and gas stocks moved up as the U.S. and other economies recovered after the pandemic. The war in Ukraine also spurred prices. Prices have softened lately on fears of slower global economies, but we still recommend that most investors maintain exposure to the oil… Read More

CPKC is on a strong growth path

The federal government recently stepped in to end a work stoppage by CPKC’s locomotive engineers, conductors, train and yard workers, and rail traffic controllers. The dispute will now go to binding arbitration, which will likely increase CPKC’s operating costs. Even so, we still like the… Read More

New assets improve their outlook

These three resources producers are making acquisitions and investing in big new projects. These moves help bolster their reserves and set them up for more growth in the next few years. For now, however, we prefer mining firms Alcoa and BHP over oil producer APA… Read More

Medical spinoffs down but not out

These three medical products makers (including Kenvue, see box) have struggled as independent firms. While all three have solid prospects, embecta is the only one we see as a buy right now.
EMBECTA CORP. $16 is a spinoff buy. The company (Nasdaq symbol EMBC; Manufacturing & Industry sector;… Read More

Railways will rebound from brief strike

The federal government recently stepped in to end a work stoppage by locomotive engineers, conductors, train and yard workers, and rail traffic controllers at these two railways. The dispute will now go to binding arbitration, which will likely increase their operating costs. Even so, we… Read More

Spinoffs & Takeovers Hotline – Friday, August 16, 2024

ITT INC., $135.04, symbol ITT on New York, manufactures highly engineered critical components and customized technology solutions primarily for the transportation, industrial and energy markets. It operates in three primary segments: Motion Technologies (44% of revenue), Industrial Process (34%), and Connect & Control Technologies (22%).

Geographically,… Read More