The key word, though, is eventually. They could do it right now if they wanted. But they'll probably drag things out until the end of this month.
That's when Treasury Secretary Jack Lew has warned that the nation's borrowing authority absolutely, positively must be extended or the United States will risk defaulting on some of its obligations in March.
In the meantime, here's what's on tap in the next few weeks:
Republicans grope for a strategy: House Republicans keep saying they're going to demand something in exchange for raising the debt ceiling.
Top 5 Forestry Stocks To Own Right Now: Rigel Pharmaceuticals Inc.(RIGL)
Rigel Pharmaceuticals, Inc., a clinical-stage drug development company, engages in the discovery and development of small-molecule drugs for the treatment of inflammatory/autoimmune diseases, as well as for certain cancers and metabolic diseases. Its product development programs include R788, which completed a phase 2 clinical trial for the treatment of rheumatoid arthritis; and is in phase 2 clinical trials for B-cell lymphoma, T-cell lymphoma, immune thrombocytopenia purpura, and certain solid tumors. The company?s product development programs also comprise R343, which is in phase 1b clinical trial for the treatment of asthma. In addition, its preclinical programs include oral JAK3 inhibitor program for research in the area of immunology/inflammation; adiponectin mimetics for the treatment of type 2 diabetes mellitus and other potential indications; and muscle atrophy program for muscle homeostasis. Further, the company is evaluating R763/AS703569 compound in its aurora kinase inhibition program targeting cancer cell proliferation. Rigel Pharmaceuticals, Inc. has collaboration agreements with AstraZeneca AB; Pfizer, Inc.; and Daiichi Pharmaceuticals Co., Ltd. The company was founded in 1996 and is based in South San Francisco, California.
Advisors' Opinion:- [By Max Macaluso, Ph.D.]
Early Tuesday morning, Rigel Pharmaceuticals� (NASDAQ: RIGL ) and its now-ex-partner, AstraZeneca (NYSE: AZN ) , reported late-stage clinical trial results for the experimental rheumatoid arthritis drug Fostamatinib. In the following video, health-care analyst Max Macaluso discusses why Rigel dropped 18% after the news was released and the risks that lie ahead for Rigel Pharmaceuticals.
- [By Keith Speights]
Pain-medication pain
Rigel Pharmaceuticals (NASDAQ: RIGL ) experienced pain this week, resulting from its drug intended to help rheumatoid arthritis patients suffer less pain. Shares fell almost 23%.
Hot Healthcare Equipment Companies To Watch In Right Now: Stevia First Corp (STVF)
Stevia First Corp. , formerly Legend Mining Inc., incorporated on June 29, 2007, is a development-stage company. It is an agricultural biotechnology company. The Company is engaged in the cultivation and harvest of stevia leaf and the development of stevia products. As of March 31, 2012, the Company had not generated any revenues.
The Company focuses on the process of stevia production from plant breeding through propagation, planting, cultivation, and harvesting, and developing, marketing, and selling stevia products. It also focuses on developing operations that will include stevia tissue culture, laboratory propagation, farming, and cultivation of stevia leaf. Stevia, is a plant from the chrysanthemum family. Stevia is a sweetener in its raw, unprocessed form. The small green plant�� leaves have a taste that can be 30 times sweeter than sugar.
The Company competes with Cargill, Incorporated, PureCircle, Blue California, Corn Products International, GLG Life Tech Corp., McNeil Nutritionals, LLC, Sunwin USA, L.L.C., Sweet Green Fields L.L.C., Whole Earth Sweetener Co. L.L.C., Wisdom Natural Brands and &W Seed Company.
Advisors' Opinion:- [By Glenwoods]
Cargill and Evolva are not the only companies developing stevia via a fermentation-based process. Stevia First Corp. (OTCMKTS:STVF), an early-stage agribusiness based in California's Central Valley, with its sights on being the first vertically integrated stevia company, has been developing its own stevia microbial fermentation-based process (through a license by Vineland Research and Innovation Centre of Canada).� Recently the company announced its "Beyond Reb A" research program, aimed at producing not only Reb A, but also Reb D and Reb X, two glycosides found in small amounts in the stevia leaves that have been identified as the next-generation of stevia sweeteners.� �
Hot Healthcare Equipment Companies To Watch In Right Now: CVR Refining LP (CVRR)
CVR Refining, LP, incorporated on September 17, 2012, is an energy limited partnership with refining and related logistics assets that operates in the mid-continent region. As of January 8, 2013, the Company owned two of only seven refineries in the underserved Group 3 of the PADD II region of the United States. It owns and operates a 115,000 barrels per day (bpd) coking medium-sour crude oil refinery in Coffeyville, Kansas and a 70,000 bpd medium complexity crude oil refinery in Wynnewood, Oklahoma capable of processing 20,000 bpd of light sour crude oils (within its 70,000 bpd capacity). In addition, it also controls and operates supporting logistics assets, including approximately 350 miles of owned pipelines, over 125 owned crude oil transports, a network of strategically located crude oil gathering tank farms, and over six million barrels of owned and leased crude oil storage capacity. On December 15, 2011, the Company�� subsidiary Coffeyville Resources, LLC (Coffeyville Resources) acquired Wynnewood Energy Company, LLC, formerly Gary-Williams Energy Corporation.
The Company�� Coffeyville and Wynnewood refineries are located approximately 100 miles and 130 miles from the crude oil hub at Cushing, Oklahoma. As of January 8, 2013, the Company gathered approximately 50,000 bpd of price-advantaged crudes from its gathering area, which includes Kansas, Nebraska, Oklahoma, Missouri and Texas. The Company also has 35,000 bpd of contracted capacity on the Keystone and Spearhead pipelines that allows it to supply price-advantaged Canadian and Bakken crudes to its refineries. As of January 8, 2013, the Company had 145,000 bpd pipeline system that transports crude oil from its Broome Station tank farm to its Coffeyville refinery, as well as a total of 6 million barrels of owned and leased crude oil storage capacity, including approximately 6% of the total crude oil storage capacity at Cushing.
Advisors' Opinion:- [By Robert Rapier]
Icahn Enterprises (NASDAQ: IEP) led all MLPs in 2013 with a capital gain of 136 percent. IEP is an unconventional MLP involved in nine primary business segments: Investment, Automotive, Energy, Gaming, Railcar, Food Packaging, Metals, Real Estate and Home Fashion. IEP invests in energy-related companies such as CVR Refining (NYSE: CVRR) and American Railcar Industries (Nasdaq: ARII), but nearly 60 percent of its assets are invested in the automotive sector and in investment funds. Since 2000, IEP has achieved an average annual return of 23.8 percent, and units currently yield 4.4 percent. MLP Profits subscribers had a chance at a 58 percent capital gain between the Sept. 9 Buy recommendation for IEP and its Dec. 16 liquidation from the Aggressive Portfolio.
Hot Healthcare Equipment Companies To Watch In Right Now: Valhi Inc.(VHI)
Valhi, Inc., through its subsidiaries, operates in the chemicals, component products, and waste management businesses. Its Chemicals segment produces and markets titanium dioxide pigment, a white inorganic pigment used to impart whiteness, brightness, and opacity for applications, such as coatings, plastics and paper, inks, food, and cosmetics. It also mines ilmenite in Norway. The company?s Component Products segment manufactures mechanical and electrical cabinet locks and other locking mechanisms, including disc tumbler locks, pin tumbler locking mechanisms, and electronic locks for the postal, transportation, furniture, banking, vending, general cabinetry, and other industries. Its security products are used in various applications, including ignition systems, mailboxes, file cabinets, desk drawers, tool storage cabinets, vending and gaming machines, high security medical cabinetry, electrical circuit panels, storage compartments, gas station security, bank bags, and p arking meters. It also provides furniture components comprising precision ball bearing slides and ergonomic computer support systems for use in applications, such as file cabinets, desk drawers, computer related equipment, home appliances, tool storage cabinets, imaging equipment, and automated teller machines. In addition, this segment manufactures and distributes stainless steel exhaust components, gauges, throttle controls, hardware, and accessories primarily for performance boats. Valhi?s Waste Management segment engages in processing, treating, storing, and disposing hazardous, toxic, and low-level radioactive wastes. This segment serves chemical, aerospace, and electronics businesses, as well as governmental agencies. Valhi also offers insurance brokerage and risk management services; holds marketable securities; provides utility services; and owns and develops properties. The company was founded in 1932 and is based in Dallas, Texas. Valhi, Inc. is a subsidiary of Co ntran Corporation.
Advisors' Opinion:- [By John Udovich]
Dallas billionaire Harold Simmons died over the weekend with investors sending shares of some of his publically traded companies like Valhi, Inc (NYSE: VHI), Kronos Worldwide, Inc (NYSE: KRO), NL Industries, Inc (NYSE: NL) and�CompX International Inc (NYSEMKT: CIX)to higher levels as they anticipate changes���such as asset sales or spin offs. Harold Simmons was the embodiment of the American dream because he was born during the depths of the Great Depression in Golden, Texas to schoolteacher parents and he spent�his early years living without indoor plumbing or electricity. However and by recognizing�underpriced assets and through the use of massive amounts of leverage (e.g. junk bonds),�he built an empire and�ranked #40 on the 2013 Forbes 400 with a fortune estimated to be worth some $10 billion.
Hot Healthcare Equipment Companies To Watch In Right Now: Mapfre SA (MAP)
Mapfre SA is a Spain-based holding company active in the insurance industry. It provides insurance services to businesses, professionals and individuals. The range of the Company�� products and services includes insurance policies of direct life, property and casualty, health, automotive and third party liability, among others. In addition, Mapfre SA is active in the management of pension funds, retirement plans and investment funds, as well as the provision of healthcare services in Spain. The Company is a parent of Grupo Mapfre, which comprises a number of entities active in the insurance, reinsurance, financial and real estate sectors with operations established worldwide. The Company operates such subsidiaries as Mapfre Familiar, Mapfre Vida, Mapfre Emperesas, MSG Portugal, Mapfre America, Mapfre Internatcional, Mapfre Re, Mapfre Global Risks and Mapfre Asistencia, among others. Advisors' Opinion:- [By Ruth David]
Bankia, a Valencia-based bank that took state aid, did the third-biggest placing last quarter, when it dumped a 979 million-euro stake in Mapfre (MAP), Spain�� largest insurer. Bankia said the sale was a step in implementing its parent company�� strategy for the three years through 2015.
- [By Tom Stoukas]
Mapfre SA (MAP) slid 3.1 percent to 2.67 euros. Bankia SA sold a 12 percent stake, or 369.6 million shares, in Spain�� biggest insurer.
Centrica SlidesCentrica Plc (CNA), the largest energy supplier to U.K. homes, lost 2.3 percent to 366.9 pence. JPMorgan Chase & Co. downgraded the shares to neutral from overweight, citing proposals from Britain�� Labour Party to freeze energy bills and break up the country�� six biggest power suppliers.
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