This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Martin Marietta Materials, Inc. Reports Third-Quarter Results

Stocks in this article: MLM

CONFERENCE CALL INFORMATION

The Company will host an online web simulcast of its third-quarter 2013 earnings conference call later today (November 7, 2013). The live broadcast of the Martin Marietta Materials, Inc. conference call will begin at 2 p.m. Eastern Time today. An online replay will be available approximately two hours following the conclusion of the live broadcast. A link to these events will be available at the Corporation’s website.

For those investors without online web access, the conference call may also be accessed by calling (970) 315-0423, confirmation number 94574659.

Martin Marietta Materials, Inc. is the nation’s second largest producer of construction aggregates and a producer of magnesia-based chemicals and dolomitic lime. For more information about Martin Marietta Materials, Inc., refer to the Corporation’s website at www.martinmarietta.com.

If you are interested in Martin Marietta Materials, Inc. stock, management recommends that, at a minimum, you read the Corporation’s current annual report and Forms 10-K, 10-Q and 8-K reports to the Securities and Exchange Commission (SEC) over the past year. The Corporation’s recent proxy statement for the annual meeting of shareholders also contains important information. These and other materials that have been filed with the SEC are accessible through the Corporation’s website at www.martinmarietta.com and are also available at the SEC’s website at www.sec.gov . You may also write or call the Corporation’s Corporate Secretary, who will provide copies of such reports.

Investors are cautioned that all statements in this press release that relate to the future involve risks and uncertainties, and are based on assumptions that the Corporation believes in good faith are reasonable but which may be materially different from actual results. Forward-looking statements give the investor our expectations or forecasts of future events. You can identify these statements by the fact that they do not relate only to historical or current facts. They may use words such as "anticipate," "expect," "should be," "believe," “will”, and other words of similar meaning in connection with future events or future operating or financial performance. Any or all of our forward-looking statements here and in other publications may turn out to be wrong.

Factors that the Corporation currently believes could cause actual results to differ materially from the forward-looking statements in this press release include, but are not limited to, the performance of the United States economy and the resolution and impact of the debt ceiling and sequestration issues; widespread decline in aggregates pricing; the termination, capping and/or reduction of the federal and/or state gasoline tax(es) or other revenue related to infrastructure construction; the level and timing of federal and state transportation funding, including federal stimulus projects and most particularly in North Carolina, one of the Corporation’s largest and most profitable states, and Texas, Iowa, Colorado and Georgia; the ability of states and/or other entities to finance approved projects either with tax revenues or alternative financing structures; levels of construction spending in the markets the Corporation serves; a reduction in defense spending, and the subsequent impact on construction activity on or near military bases; a decline in the commercial component of the nonresidential construction market, notably office and retail space; a slowdown in energy-related drilling activity; a slowdown in residential construction recovery; a reduction in shipments due to decline in funding under the domestic farm bill; unfavorable weather conditions, particularly Atlantic Ocean hurricane activity, the late start to spring or the early onset of winter and the impact of a drought or excessive rainfall in the markets served by the Corporation; the volatility of fuel costs, particularly diesel fuel, and the impact on the cost of other consumables, namely steel, explosives, tires and conveyor belts; continued increases in the cost of other repair and supply parts; transportation availability, notably the availability of railcars and locomotive power to move trains to supply the Corporation’s Texas, Florida and Gulf Coast markets; increased transportation costs, including increases from higher passed-through energy and other costs to comply with tightening regulations as well as higher volumes of rail and water shipments; availability and cost of construction equipment in the United States; weakening in the steel industry markets served by the Corporation’s dolomitic lime products; inflation and its effect on both production and interest costs; ability to successfully integrate acquisitions quickly and in a cost-effective manner and achieve anticipated profitability to maintain compliance with the Corporation’s leverage ratio debt covenant; changes in tax laws, the interpretation of such laws and/or administrative practices that would increase the Corporation’s tax rate; violation of the Corporation’s debt covenant if price and/or volumes return to previous levels of instability; downward pressure on the Corporation’s common stock price and its impact on goodwill impairment evaluations; reduction of the Corporation’s credit rating to non-investment grade resulting from strategic acquisitions; and other risk factors listed from time to time found in the Corporation’s filings with the SEC. Other factors besides those listed here may also adversely affect the Corporation, and may be material to the Corporation. The Corporation assumes no obligation to update any such forward-looking statements.

       
MARTIN MARIETTA MATERIALS, INC.
Unaudited Statements of Earnings
(In millions, except per share amounts)
 
Three Months Ended Nine Months Ended
September 30, September 30,
2013 2012 2013 2012
Net sales $ 600.5 $ 537.5 $ 1,451.8 $ 1,376.9
Freight and delivery revenues   64.8     54.8     158.7     152.7  
Total revenues   665.3     592.3     1,610.5     1,529.6  
 
Cost of sales 457.4 413.5 1,188.9 1,126.5
Freight and delivery costs   64.8     54.8     158.7     152.7  
Total cost of revenues   522.2     468.3     1,347.6     1,279.2  
Gross profit 143.1 124.0 262.9 250.4
 
Selling, general and administrative expenses 37.1 32.1 112.6 100.4
Business development costs 0.1 - 0.7 35.1
Other operating (income) and expenses, net   (2.9 )   0.4     (5.6 )   (1.0 )
Earnings from operations 108.8 91.5 155.2 115.9
 
Interest expense 13.5 13.2 40.6 40.0
Other nonoperating expenses and (income), net   0.1     0.6     0.3     (1.4 )
Earnings from continuing operations before taxes on income 95.2 77.7 114.3 77.3
Income tax expense   22.9     13.7     29.6     12.5  
Earnings from continuing operations 72.3 64.0 84.7 64.8
 

Loss on discontinued operations, net of related tax benefit of $0.2, $0.4, $0.3 and $0.5, respectively

(0.3 ) (0.3 ) (0.4 ) (1.0 )
 
Consolidated net earnings 72.0 63.7 84.3 63.8
Less: Net earnings (loss) attributable to noncontrolling interests   0.2     0.8     (1.0 )   0.9  
 
Net earnings attributable to Martin Marietta Materials, Inc. $ 71.8   $ 62.9   $ 85.3   $ 62.9  
 
Net earnings (loss) attributable to Martin Marietta Materials, Inc. per common share:
Basic from continuing operations attributable to common shareholders $ 1.56 $ 1.37 $ 1.85 $ 1.39
Discontinued operations attributable to common shareholders   (0.01 )   (0.01 )   (0.01 )   (0.02 )
$ 1.55   $ 1.36   $ 1.84   $ 1.37  
 
Diluted from continuing operations attributable to common shareholders $ 1.55 $ 1.37 $ 1.85 $ 1.38
Discontinued operations attributable to common shareholders   (0.01 )   (0.01 )   (0.01 )   (0.02 )
$ 1.54   $ 1.36   $ 1.84   $ 1.36  
 
Cash dividends per common share $ 0.40   $ 0.40   $ 1.20   $ 1.20  
 
Weighted-average common shares outstanding:
Basic   46.2     45.9     46.1     45.8  
Diluted   46.3     46.0     46.3     45.9  
 
               
MARTIN MARIETTA MATERIALS, INC.
Unaudited Financial Highlights
(In millions)
 
Three Months Ended Nine Months Ended
September 30, September 30,
2013 2012 2013 2012
Net sales:
Aggregates Business:
Mid-America Group $ 216.4 $ 194.2 $ 509.0 $ 493.5
Southeast Group 64.9 57.0 171.5 171.0
West Group   263.4     236.9     603.8     560.8  
Total Aggregates Business 544.7 488.1 1,284.3 1,225.3
Specialty Products   55.8     49.4     167.5     151.6  
Total $ 600.5   $ 537.5   $ 1,451.8   $ 1,376.9  
 
Gross profit (loss):
Aggregates Business:
Mid-America Group $ 77.0 $ 68.4 $ 136.6 $ 131.7
Southeast Group 2.6 1.1 (2.9 ) 0.3
West Group   43.3     34.1     69.9     60.5  
Total Aggregates Business 122.9 103.6 203.6 192.5
Specialty Products 19.9 19.7 60.8 59.1
Corporate   0.3     0.7     (1.5 )   (1.2 )
Total $ 143.1   $ 124.0   $ 262.9   $ 250.4  
 
Selling, general and administrative expenses:
Aggregates Business:
Mid-America Group $ 12.5 $ 12.9 $ 37.4 $ 39.9
Southeast Group 4.4 4.3 13.4 13.7
West Group   11.5     11.2     34.5     33.5  
Total Aggregates Business 28.4 28.4 85.3 87.1
Specialty Products 2.6 2.2 7.6 6.9
Corporate   6.1     1.5     19.7     6.4  
Total $ 37.1   $ 32.1   $ 112.6   $ 100.4  
 
Earnings (Loss) from operations:
Aggregates Business:
Mid-America Group $ 66.4 $ 56.4 $ 102.3 $ 95.0
Southeast Group (1.4 ) (3.5 ) (14.9 ) (15.0 )
West Group   32.3     23.7     38.4     29.2  
Total Aggregates Business 97.3 76.6 125.8 109.2
Specialty Products 17.3 17.0 53.1 52.7
Corporate   (5.8 )   (2.1 )   (23.7 )   (46.0 )
Total $ 108.8   $ 91.5   $ 155.2   $ 115.9  
 
       
MARTIN MARIETTA MATERIALS, INC.
Unaudited Financial Highlights
(In millions)
 
Three Months Ended Nine Months Ended
September 30, September 30,
2013 2012 2013 2012
 
Net sales by product line:
Aggregates Business:
Aggregates $ 411.2 $ 371.4 $ 1,016.3 $ 985.6
Asphalt 23.8 28.9 52.2 61.7
Ready Mixed Concrete 41.8 31.5 103.4 78.7
Road Paving   67.9   56.3   112.4     99.3  
Total Aggregates Business 544.7 488.1 1,284.3 1,225.3
Specialty Products Business   55.8   49.4   167.5     151.6  
Total $ 600.5 $ 537.5 $ 1,451.8   $ 1,376.9  
 
Gross profit (loss) by product line:
Aggregates Business:
Aggregates $ 108.2 $ 94.5 $ 189.2 $ 182.9
Asphalt 7.3 6.3 9.8 9.0
Ready Mixed Concrete 3.1 0.5 4.9 0.4
Road Paving   4.3   2.3   (0.3 )   0.2  
Total Aggregates Business 122.9 103.6 203.6 192.5
Specialty Products Business 19.9 19.7 60.8 59.1
Corporate   0.3   0.7   (1.5 )   (1.2 )
Total $ 143.1 $ 124.0 $ 262.9   $ 250.4  
 
 
Depreciation $ 41.0 $ 41.5 $ 122.1 $ 125.5
Depletion 1.7 1.5 3.9 3.5
Amortization   1.4   1.2   4.1     4.0  
$ 44.1 $ 44.2 $ 130.1   $ 133.0  
 
     
MARTIN MARIETTA MATERIALS, INC.
Balance Sheet Data
(In millions)
 
September 30, December 31, September 30,
2013 2012 2012
(Unaudited) (Audited) (Unaudited)
ASSETS
Cash and cash equivalents $ 57.2 $ 25.4 $ 35.4
Accounts receivable, net 331.0 224.1 296.9
Inventories, net 350.4 332.3 335.1
Other current assets 107.1 118.6 117.7
Property, plant and equipment, net 1,782.6 1,753.2 1,750.9
Intangible assets, net 665.7 666.6 667.3
Other noncurrent assets 43.1 40.7 39.9
Total assets $ 3,337.1 $ 3,160.9 $ 3,243.2
 
 
LIABILITIES AND EQUITY
Current maturities of long-term debt and short-term facilities $ 6.2 $ 5.7 $ 6.7
Other current liabilities 220.2 167.6 210.4
Long-term debt (excluding current maturities) 1,107.2 1,042.2 1,092.1
Other noncurrent liabilities 504.6 495.1 464.0
Total equity   1,498.9   1,450.3   1,470.0
Total liabilities and equity $ 3,337.1 $ 3,160.9 $ 3,243.2
 
   
MARTIN MARIETTA MATERIALS, INC.
Unaudited Statements of Cash Flows
(In millions)
Nine Months Ended
September 30,
2013 2012
Operating activities:
Consolidated net earnings $ 84.3 $ 63.8
Adjustments to reconcile consolidated net earnings to net cash provided by operating activities:
Depreciation, depletion and amortization 130.1 133.0
Stock-based compensation expense 5.4 5.9
Gains on divestitures and sales of assets (1.0 ) (0.9 )
Deferred income taxes 19.2 11.6
Excess tax benefits from stock-based compensation (2.0 ) -
Changes in operating assets and liabilities: (0.8 ) 2.3
Changes in operating assets and liabilities:
Accounts receivable, net (108.1 ) (93.2 )
Inventories, net (14.8 ) (12.5 )
Accounts payable 27.7 7.1
Other assets and liabilities, net   25.6     4.9  
 
Net cash provided by operating activities   165.6     122.0  
 
Investing activities:
Additions to property, plant and equipment (102.3 ) (105.9 )
Acquisitions, net (64.4 ) (0.1 )
Proceeds from divestitures and sales of assets 3.1 7.8
Loan to affiliate   (3.4 )   -  
 
Net cash used for investing activities   (167.0 )   (98.2 )
 
Financing activities:
Borrowings of long-term debt 355.5 181.0
Repayments of long-term debt (290.2 ) (142.6 )
Change in bank overdraft 10.4 0.1
Dividends paid (55.6 ) (55.3 )
Debt issue costs (0.5 ) (0.3 )
Issuances of common stock 11.6 3.5
Excess tax benefits from stock-based compensation 2.0 -
Distributions to owners of noncontrolling interests   -     (0.8 )
 
Net cash provided by (used for) financing activities   33.2     (14.4 )
 
Net increase in cash and cash equivalents 31.8 9.4
Cash and cash equivalents, beginning of period   25.4     26.0  
 
Cash and cash equivalents, end of period $ 57.2   $ 35.4  
 
 
MARTIN MARIETTA MATERIALS, INC.
Unaudited Operational Highlights
 
Three Months Ended Nine Months Ended
September 30, 2013 September 30, 2013
Volume Pricing Volume Pricing
Volume/Pricing Variance (1)
Heritage Aggregates Product Line: (2)
Mid-America Group 8.1 % 2.8 % 0.4 % 2.6 %
Southeast Group 4.8 % 1.3 % (4.7 %) 2.4 %
West Group 6.5 % 1.7 % 0.8 % 3.9 %
Heritage Aggregates Operations 7.0 % 2.2 % (0.2 %) 2.8 %
Aggregates Product Line (3) 8.1 % 2.3 % 0.2 % 2.9 %
 
Three Months Ended Nine Months Ended
September 30, September 30,
Shipments (tons in thousands) 2013 2012 2013 2012
Heritage Aggregates Product Line: (2)
Mid-America Group 19,172 17,742 44,387 44,216
Southeast Group 4,612 4,399 12,705 13,334
West Group 15,468   14,528   39,489   39,183  
Heritage Aggregates Operations 39,252 36,669 96,581 96,733
Acquisitions 379 - 402 -
Divestitures (4) -   5   3   36  
Aggregates Product Line (3) 39,631   36,674   96,986   96,769  
 
(1) Volume/pricing variances reflect the percentage increase (decrease) from the comparable period in the prior year.
 

(2) Heritage Aggregates product line excludes volume and pricing data for acquisitions that have not been included in prior-year operations for the comparable period and divestitures.

 
(3) Aggregates product line includes all acquisitions from the date of acquisition and divestitures through the date of disposal.
 
(4) Divestitures include the tons related to divested aggregates product line operations up to the date of divestiture.
 
 
Three Months Ended Nine Months Ended
September 30, September 30,
2013 2012 2013 2012
Unit Shipments by Product Line (in thousands):
 
Aggregates tons - external customers 38,109 35,254 93,516 93,380
Internal aggregates tons used in other product lines 1,522   1,420   3,470   3,389  
Total aggregates tons 39,631   36,674   96,986   96,769  
 
 
Asphalt tons - external customers 464 538 1,072 1,329
Internal asphalt tons used in road paving business 761   717   1,257   1,203  
Total asphalt tons 1,225   1,255   2,329   2,532  
 
 
Ready Mixed Concrete - cubic yards 496   418   1,261   1,062  
 
Average unit sales price by product line (including internal sales):
 
Aggregates $10.55/ton $10.32/ton $10.62/ton $10.33/ton
Asphalt $41.76/ton $41.11/ton $42.11/ton $40.84/ton
Ready Mixed Concrete $83.44/cubic yard $77.99/cubic yard $82.59/cubic yard $76.55/cubic yard
 
 
MARTIN MARIETTA MATERIALS, INC.
Non-GAAP Financial Measures
(Dollars in millions)
       

Gross margin as a percentage of net sales and operating margin as a percentage of net sales represent non-GAAP measures. The Corporation presents these ratios calculated based on net sales, as it is consistent with the basis by which management reviews the Corporation's operating results. Further, management believes it is consistent with the basis by which investors analyze the Corporation's operating results, given that freight and delivery revenues and costs represent pass-throughs and have no profit markup. Gross margin and operating margin calculated as percentages of total revenues represent the most directly comparable financial measures calculated in accordance with generally accepted accounting principles ("GAAP"). The following tables present the calculations of gross margin and operating margin for the three and nine months ended September 30, 2013 and 2012, in accordance with GAAP and reconciliations of the ratios as percentages of total revenues to percentages of net sales:

 
CONSOLIDATED
 
Gross Margin in Accordance with Generally Accepted Three Months Ended Nine Months Ended
Accounting Principles September 30, September 30,
2013 2012 2013 2012
Gross profit $ 143.1   $ 124.0   $ 262.9   $ 250.4  
Total revenues $ 665.3   $ 592.3   $ 1,610.5   $ 1,529.6  
Gross margin   21.5 %   20.9 %   16.3 %   16.4 %
 
Three Months Ended Nine Months Ended
September 30, September 30,
Gross Margin Excluding Freight and Delivery Revenues 2013 2012 2013 2012
 
Gross profit $ 143.1   $ 124.0   $ 262.9   $ 250.4  
Total revenues $ 665.3 $ 592.3 $ 1,610.5 $ 1,529.6
Less: Freight and delivery revenues   (64.8 )   (54.8 )   (158.7 )   (152.7 )
Net sales $ 600.5   $ 537.5   $ 1,451.8   $ 1,376.9  
Gross margin excluding freight and delivery revenues   23.8 %   23.1 %   18.1 %   18.2 %
 
Operating Margin in Accordance with Generally Accepted Three Months Ended Nine Months Ended
Accounting Principles September 30, September 30,
2013 2012 2013 2012
Earnings from operations $ 108.8   $ 91.5   $ 155.2   $ 115.9  
Total revenues $ 665.3   $ 592.3   $ 1,610.5   $ 1,529.6  
Operating margin   16.4 %   15.5 %   9.6 %   7.6 %
 
Three Months Ended Nine Months Ended
Operating Margin Excluding Freight and Delivery Revenues September 30, September 30,
2013 2012 2013 2012
Earnings from operations $ 108.8   $ 91.5   $ 155.2   $ 115.9  
Total revenues $ 665.3 $ 592.3 $ 1,610.5 $ 1,529.6
Less: Freight and delivery revenues   (64.8 )   (54.8 )   (158.7 )   (152.7 )
Net sales $ 600.5   $ 537.5   $ 1,451.8   $ 1,376.9  
Operating margin excluding freight and delivery revenues   18.1 %   17.0 %   10.7 %   8.4 %
 
 
 
AGGREGATES BUSINESS
 
Operating Margin in Accordance with Generally Accepted Three Months Ended Nine Months Ended
Accounting Principles September 30, September 30,
 
Earnings from operations $ 97.3   $ 76.6   $ 125.8   $ 109.2  
Total revenues $ 604.7   $ 538.2   $ 1,428.4   $ 1,364.0  
Operating margin   16.1 %   14.2 %   8.8 %   8.0 %
 
Three Months Ended Nine Months Ended
Operating Margin Excluding Freight and Delivery Revenues September 30, September 30,
 
Earnings from operations $ 97.3   $ 76.6   $ 125.8   $ 109.2  
Total revenues $ 604.7 $ 538.2 $ 1,428.4 $ 1,364.0
Less: Freight and delivery revenues   (60.0 )   (50.1 )   (144.1 )   (138.7 )
Net sales $ 544.7   $ 488.1   $ 1,284.3   $ 1,225.3  
Operating margin excluding freight and delivery revenues   17.9 %   15.7 %   9.8 %   8.9 %
 
 
MARTIN MARIETTA MATERIALS, INC.
Non-GAAP Financial Measures (continued)
(Dollars in millions)
 

The ratio of Consolidated Debt-to-Consolidated EBITDA, as defined, for the trailing twelve months is a covenant under the Corporation's revolving credit facility, term loan facility and accounts receivable securitization facility. Under the terms of these agreements, as amended, the Corporation's ratio of Consolidated Debt-to-Consolidated EBITDA as defined, for the trailing twelve months can not exceed 3.50 times as of September 30, 2013, with certain exceptions related to qualifying acquisitions, as defined.

 
 

The following presents the calculation of Consolidated Debt-to-Consolidated EBITDA, as defined, for the trailing-twelve months at September 30, 2013. For supporting calculations, refer to Corporation's website at www.martinmarietta.com.

 

Twelve-Month Period
October 1, 2012 to
September 30, 2013
Earnings from continuing operations attributable to Martin Marietta Materials, Inc. $ 106.8
Add back:
Interest expense 54.0
Income tax expense 33.9
Depreciation, depletion and amortization expense 169.6
Stock-based compensation expense 7.2
Deduct:
Interest income   (0.3 )
Consolidated EBITDA, as defined $ 371.2  
 
Consolidated Debt, including debt guaranteed by the Corporation, at September 30, 2013 $ 1,135.3
Less: Unrestricted cash and cash equivalents in excess of $50 at September 30, 2013   -  
Consolidated Net Debt, as defined, at September 30, 2013 $ 1,135.3  
 

Consolidated Debt-to-Consolidated EBITDA, as defined, at September 30, 2013 for the trailing twelve-month EBITDA

  3.06 times  
 
 
 
 

EBITDA is a widely accepted financial indicator of a company's ability to service and/or incur indebtedness. EBITDA is not defined by generally accepted accounting principles and, as such, should not be construed as an alternative to net earnings or operating cash flow. For further information on EBITDA, refer to the Corporation's website at www.martinmarietta.com. EBITDA is as follows for the three and nine months ended September 30, 2013 and 2012.

 
   
Three Months Ended Nine Months Ended
September 30, September 30,
2013   2012 2013   2012
Earnings Before Interest, Income Taxes, Depreciation, Depletion and Amortization (EBITDA) $ 151.6 $ 133.3 $ 283.9 $ 246.4
 
 
A Reconciliation of Net Earnings Attributable to Martin Marietta Materials, Inc. to EBITDA is as follows:
 
Three Months Ended Nine Months Ended
September 30, September 30,
2013 2012 2013 2012
Net Earnings Attributable to Martin Marietta Materials, Inc. $ 71.8 $ 62.9 $ 85.3 $ 62.9
Add back:
Interest Expense 13.5 13.2 40.6 40.0
Income Tax Expense for Controlling Interests 22.7 13.3 29.4 11.9
Depreciation, Depletion and Amortization Expense   43.6   43.9   128.6   131.6
EBITDA $ 151.6 $ 133.3 $ 283.9 $ 246.4
 

MLM-E

7 of 8

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,546.47 +146.80 0.90%
S&P 500 1,932.38 +28.37 1.49%
NASDAQ 4,389.9730 +73.8990 1.71%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs