10 Best Shipping Stocks To Own For 2016

10 Best Shipping Stocks To Own For 2016: Generac Holdlings Inc. (GNRC)

Generac Holdings Inc. designs, manufactures, and markets a range of generators and other engine powered products for the residential, light commercial, industrial, and construction markets in the United States and Canada. It offers generators and other products fueled by natural gas, liquid propane, gasoline, diesel, and Bi-Fuel under the Generac and Magnum brands. The companys product line includes residential power products, commercial and industrial power products, and other products. Its residential power products comprise automatic residential standby generators that range in output from 6kW to 60kW; air-cooled residential standby generators, which range in outputs from 6kW to 20kW; and liquid-cooled generators that range in outputs from 20kW to 60kW. The residential power product line also includes portable generators consisting of GP series ranging from 1,850W to 17,500W for homeowners; the XG series ranging from 4,000W to 10,000W for the premium homeowner market; the XP series ranging from 4,000W to 8,000W for the professional contractor market; and the iX series ranging from 800W to 2,000W for the recreational market. The companys industrial and commercial power products comprise light-commercial standby generators ranging from 22kW to 150kW for grocery stores, convenience stores, restaurants, gas stations, pharmacies, retail banks, and healthcare facilities; single-engine industrial generators, which range in output from 10kW to 600kW; and generator systems ranging from 20kW air-cooled generators to 3mW modular power system for the telecommunications market, as well as aftermarket service parts and RV generators. The company sells its generators through independent residential and industrial dealers, wholesalers, national accounts, private label arrangements, retailers, catalogs, e-commerce merchants, equipment rental companies and dealers, and construction companies. Generac Holdings Inc. was founded in 1959 a! nd is headquartere d in Waukesha, Wisconsin.

Advisors' Opinion:

• [By Eric Volkman]

  Generac (NYSE: GNRC  ) has reached abroad for its latest asset buy. The company announced Thursday that it inked an agreement to acquire Tower Light, an Italy-based company that develops and sells mobile light towers.

• [By Rich Duprey]

  Generator maker Generac (NYSE: GNRC  ) announced this morning it had completed the refinancing of its senior securedterm loan credit facility and, as it previously promised, will use part of the proceeds to pay investors a special dividend of $5.00 per share,payable on June 21to stockholders of record on June 12.

• [By Roberto Pedone]

  One diversified machinery player that insiders are snapping up a decent amount of stock in here is Generac (GNRC), which designs, manufactures, and markets power generation equipment and other engine powered products for the residential, light commercial, industrial, and construction markets in the U.S., Canada, and internationally. Insiders are buying this stock into weakness, since shares have dropped notably by 22% so far in 2014.

  Generac has a market cap of $3 billion and an enterprise value of $3.8 billion. This stock trades at a fair valuation, with a trailing price-to-earnings of 17.6 and a forward price-to-earnings of 12.7. Its estimated growth rate for this year is -27%, and for next year it's pegged at 8.9%. This is not a cash-rich company, since the total cash position on its balance sheet is $173.16 million and its total debt is $1.11 billion.

  A director just bought 25,000 shares, or about $1.05 million worth of stock, at $42.17 per share.

  From a technical perspective, GNRC is currently trending above its 50-day moving average and below its 200-day moving average, which is neutral trendwise. This stock recently formed a triple bottom chart pattern at $39.08, $38.75 and $38.64 a share. Following that bottom, shares of GN! RC have s! tarted to rebound sharply higher as the stock has pushed back above its 50-day moving average of $42.41 a share. That move has now pushed shares of GNRC within range of triggering a near-term breakout trade.

  If you're bullish on GNRC, then I would look for long-biased trades as long as this stock is trending above its 50-day at $42.41 a share or above more near-term support at $40 a share and then once it breaks out above some near-term overhead resistance levels at $45 to $45.72 a share with high volume. Look for a sustained move or close above those levels with volume that registers near or above its three-month average action of 1.17 million shares. If that breakout kicks off soon, then GNRC wi

source from Top Stocks To Buy For 2015:http://www.topstocksforum.com/10-best-shipping-stocks-to-own-for-2016.html