spin off
Most investors limit their U.S. Finance-sector holdings to big banks like J.P. Morgan. That’s mainly due to the high dividends of those industry leaders.
However, the American market offers a variety of non-banking stocks in the Finance sector such as the three we analyze below....
However, the American market offers a variety of non-banking stocks in the Finance sector such as the three we analyze below....
ARCONIC INC. $18 (New York symbol ARNC; Manufacturing & Industry sector; Shares outstanding: 483.2 million; Market cap: $8.7 billion; Dividend yield: 1.3%; Takeover Target Rating: Medium; www.arconic.com) is a leading maker of engineered-aluminum products for cars and jet engines.
On November 1, 2016, Arconic spun off Alcoa Corp....
On November 1, 2016, Arconic spun off Alcoa Corp....
VF CORP. $72 (New York symbol VF; Consumer sector; Shares outstanding: 396.8 million; Market cap: $28.6 billion; Dividend yield: 2.7%; Takeover Target Rating: Medium; www.vfc.com) is one of the world’s largest apparel suppliers.
The company will spin off its Lee and Wrangler jeans business in the first half of 2019—and it has now picked a name for the new firm: Kontoor Brands.
The jeanswear spinoff will let VF focus on its other, fast-growing outdoor and activewear business....
The company will spin off its Lee and Wrangler jeans business in the first half of 2019—and it has now picked a name for the new firm: Kontoor Brands.
The jeanswear spinoff will let VF focus on its other, fast-growing outdoor and activewear business....
United Technologies recently completed its acquisition of Rockwell Collins—a rival maker of aircraft parts. Like most big acquisitions, this one adds risk, but it also comes with several long-term benefits. Those include giving United Technologies more clout when negotiating new deals with big aircraft makers such as Boeing and Airbus.
The company now plans to spin off its Otis (elevators) and Carrier (heating and air conditioning) operations as two separate companies....
Our complete guide to spinoffs is ready to download FREE: Spinoff Stock Investigator: All You Need to Know about Reaping the Rewards of Spinoffs.
UNITED TECHNOLOGIES CORP. $123 (New York symbol UTX; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 801.0 million; Market cap: $98.5 billion; Price-to-sales ratio: 1.5; Dividend yield: 2.3%; TSINetwork Rating: Above Average; www.utc.com) has completed its acquisition of Rockwell Collins Inc....
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KLX ENERGY SERVICES HOLDINGS INC. $24 (Nasdaq symbol KLXE; Resources sector; Shares outstanding: 22.1 million; Market cap: $530.4 million; No dividends paid; Takeover Target Rating: Medium; www.klxenergy.com) provides onshore drilling services to oil and gas producers in the U.S.
The company has three main businesses: Completion (52% of revenue) supplies tools such as liner systems, sleeves and plugs that help drillers maximize production and cut costs; Intervention (25%) supplies “fishing” tools that help remove debris from the bottom of wells; and Production (23%) supplies expert technicians and equipment for the construction of new wells.
The Rockies region, including the Bakken and Piceance shale fields, account for 39% of KLX Energy’s revenue....
The company has three main businesses: Completion (52% of revenue) supplies tools such as liner systems, sleeves and plugs that help drillers maximize production and cut costs; Intervention (25%) supplies “fishing” tools that help remove debris from the bottom of wells; and Production (23%) supplies expert technicians and equipment for the construction of new wells.
The Rockies region, including the Bakken and Piceance shale fields, account for 39% of KLX Energy’s revenue....
A.P. MOELLER-MAERSK A/S (ADRs) $6.57 (Over-the-Counter Pink Sheets symbol AMKBY; Manufacturing & Industry sector; Shares outstanding: 4.15 million; Market cap: $27.2 billion; Dividend yield: 1.8%; Takeover Target Rating: Lowest; www.maersk.com) is the world’s largest provider of container shipping services, accounting for about 15% of the global shipping capacity....