Posts Tagged ‘chevron’

Stock Exchange Winners and Losers under a Clinton Presidency

August 16th, 2016 Comments off

stock_exchange_electronic_board__neurolog_dash_kielce postedDailyBusinessNewsMHProNewsMHProNews has learned from etfdailynews which exchange-traded funds (ETFs) would thrive under a Hillary Clinton presidency and which would starve, according to Barron‘s.

Winners would include hospitals and managed-care facilities because of her intention to expand the Affordable Care Act (ACA), which could prod iShares Dow Jones US Health Care ETF (NYSE:IHF) to perform well. This stock boasts several hospital stocks in its holdings.

Clinton’s Clean Energy Challenge includes tax incentives and grants for green energy initiatives, including solar and wind power companies. ETF to watch: PowerShares WilderHill Clean Energy ETF (NYSE:PBW), which holds a variety of alternative energy companies.

Defense stocks could light up the board nicely as defense firms are among her largest donors. Having dealt with several military operations as Secretary of State, she is no stranger to military intervention. Stock to watch: iShares Dow Jones US Aerospace & Defense ETF (NYSE:ITA), which has a portfolio of the largest defense contractor stocks.

ETFs to run from would include Drugmakers: Clinton has made it clear she intends to lower the price of pharmaceuticals, to the point of having singled-out particular firms. Avoid iShares NASDAQ Biotechnology Index ETF (NASDAQ:IBB).

Large banks, brokerage firms and financial services would not likely do well under Clinton because of her support for the Consumer Financial Protection Bureau (CFPB), her desire to tax high frequency trading, and she favors a “risk fee” for big banks. Her support of Dodd-Frank and the CFPB certainly earns her a “no” from the manufactured housing industry. Stock to avoid: SPDR KBW Bank ETF (NYSE:KBE), as it targets large banks.

Finally, fossil fuel firms wold likely fare badly with Clinton in the White House. She has stated her opposition to coal mining on federal lands and opposes offshore drilling for oil. ETF to stay clear of: Energy Select Sector SPDR ETF (NYSE:XLE). The company has large holdings in Exxon and Chevron. ##

(Photo credit: Neurolog-Kielce–Electronic ETF board)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J Silver to Daily Business News-MHProNews.


Commercial Modular Housing Taking Root Down Under

August 21st, 2015 Comments off

australia_modular_agricola_college__businessnews_au__creditChina-backed CIMC Modular Building Systems has signed a contract with Pindan, a property and construction company based in Western Australia (WA), for the redevelopment of Agricola College in Kalgoorlie, which houses students for the Western Australia School of Mines.

As informs MHProNews, the 180-room project, comprised of 89 modules, will be manufactured in China and assembled on site. Encompassing five blocks of modular units three to four stories high, the project will include single rooms, disabled-access rooms, studio apartments, bike storage, laundry facilities and communal hubs featuring study areas as well as two kitchen and common areas per floor.

The CIMC contract is for $12.95 million, and the first set of modules will arrive on site in November. CIMC Executive General Manager John Zendler said, “Making the project viable with an efficient modular design, we can ensure that the project stacks up from a feasibility perspective, and it should be an enabler going forward for more student accommodation projects,” adding it should extend confidence in the modular method of construction.

Separately, CIMC is also supplying modules for several hotel chains that are expanding in Australia, including two Double Tree by Hilton Hotels to be built in Perth, and a Hyatt Place hotel proposed for Leighton Beach in North Fremantle. It is understood to be close to closing a deal with Courtyard by Marriott for a modular hotel in Perth.

Additionally, contractor Nomad Building Solutions has finalized a $25 million deal to provide modular housing in Onslow for workers at Chevron’s Wheatstone liquefied natural gas project. Nomad subsidiary McGrath Modular will do the work under a subcontracting arrangement with Pindan Contracting. The 50 modular homes, supplied by Nomad, should be ready for occupancy late next year.

Nomad Chief Executive Heather Gardner said, “This project highlights that our products, design solutions and strategic problem solving approach are adaptable with these houses specifically designed for one of the most cyclonic regions in WA.##

(Image credit:–rendering of a modular dormitory for Agricola College in Western Australia)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily business News-MHProNews.