Top 5 Rising Stocks To Watch For 2014

Earnings season has hit the Dow Jones Industrial Average (DJINDICES: ^DJI  ) with a pair of misses today, as both AT&T (NYSE: T  ) and Caterpillar (NYSE: CAT  ) couldn't live up to Wall Street's expectations. The blue-chip index has fallen about 49 points as of 2:20 p.m. EDT, with the two earnings losers leading a large cadre of stocks lower. Let's catch up on all the stories and movers you need to know from around the Dow.

AT&T and Caterpillar take their lumps
AT&T led things off today with better-than-expected revenue improvement for the second quarter, but the company's earnings missed Wall Street's projections by a penny, and the negativity surrounding that miss has pulled the stock down by 1.7% so far. While AT&T showed some problems as smartphone discounts cut into the company's margins and landline revenue unsurprisingly declined, today's drop is more of an example of earnings-season hype than it is an indictment of AT&T's business.

Top Industrial Conglomerate Stocks To Own Right Now: Edison International (EIX)

Edison International, incorporated on April 20, 1987, is a holding company of Southern California Edison Company (SCE). SCE is a public utility primarily engaged in the business of supplying electricity to an approximately 50,000 square-mile area of southern California. The SCE service territory contains a population of nearly 14 million people and SCE serves the population through approximately 5 million customer accounts. In August 2013, Edison International completed the acquisition of SoCore Energy, LLC.

SCE's retail operations are subject to regulation by the California Public Utilities Commission (CPUC). SCE has a five tier residential rate structure. SCE supplies electricity to its customers through transmission and distribution networks. Its transmission facilities, which are located primarily in California but also in Nevada and Arizona, deliver power from generating sources to the distribution network and consist of lines ranging from 33 kilovolts to 500 kilovolts and substations. SCE's distribution system, which takes power from substations to customers, includes over 59,000 circuit miles of overhead lines, 44,000 circuit miles of underground lines and over 700 distribution substations, all of which are located in California. San Onofre, Four Corners, certain of SCE's substations, and portions of its transmission, distribution and communication systems are located on lands owned by the United States or others under licenses, permits, easements or leases, or on public streets or highways pursuant to franchises. Thirty-one of SCE's 36 hydroelectric plants and related reservoirs are located in whole or in part on United States-owned lands and are subject to Federal Energy Regulatory Commission (FERC) licenses.

Advisors' Opinion:

• [By Rich Smith]

  Duke says it has already lined up Edison International (NYSE: EIX  ) subsidiary Southern California Edison to buy the power generated by the farm under a 20-year-long power purchase agreement.

Top 5 Rising Stocks To Watch For 2014: Bonavista Energy Corp (BNPUF.PK)

Bonavista Energy Corporation (Bonavista) is engaged in the acquisition, exploration, development and production of oil and natural gas assets. The Company operates approximately 87% of its assets which are concentrated within three core regions in western Canada. Each core region contains a well-balanced portfolio of oil and natural gas assets with considerable opportunities. Its operations are geographically focused within three regions of Western Canada, which includes Western region, Northern region and Eastern region. The Company�� subsidiaries include Bonavista Petroleum (BP), Bonavista Energy LP (BELP) and Bonavista Energy Inc. (BEI). Advisors' Opinion:

• [By Stephan Dube]

  Cold Lake's most notable producers:

  Husky Energy (HUSK.PK), see article here.Pengrowth Energy Corporation (PGH), see article here.Southern Pacific Resource (STPJF.PK), see article here.Canadian Natural Resources (CNQ), see article here.Devon Energy (DVN), see article here.Imperial Oil (IMO), see article here.Baytex, see article here.Bonavista Energy (BNPUF.PK), see article here.

  Athabasca's most notable producers:

Top 5 Rising Stocks To Watch For 2014: Duckwall-Alco Stores Inc.(DUCK)

Duckwall-ALCO Stores, Inc. operates as a regional broad line retailer in the central United States. The company operates ALCO stores that offer a line of merchandise consisting of approximately 35,000 items, including automotive, commodities, crafts, domestics, electronics, furniture, hardware, health and beauty aids, housewares, jewelry, pre-recorded music and video, sporting goods, seasonal items, stationery, and toys, as well as ladies?, men?s, and children?s apparel and shoes. As of March 1, 2012, it operated 216 ALCO stores in 23 states. The company was founded in 1901 and is based in Abilene, Kansas.

Advisors' Opinion:

• [By Geoff Gannon]

  Stocks trading at or below book value ��not counting goodwill ��are the easiest to understand. Whether we are talking about DreamWorks or Avalon Holdings or Duckwall ALCO (DUCK) or J.W. Mays (MAYS), if a stock is trading around book value your next step is to figure out how book value is calculated.

Top 5 Rising Stocks To Watch For 2014: Beacon Roofing Supply Inc.(BECN)

Beacon Roofing Supply, Inc. distributes residential and non-residential roofing materials. The company?s residential roofing products include asphalt shingles, synthetic slates and tiles, clay and concrete tiles, slates, nail base insulation, metal roofing, felt, wood shingles and shakes, nails and fasteners, metal edgings and flashings, prefabricated flashings, ridges and soffit vents, gutters and downspouts, and other accessories. Its non-residential roofing products comprise single-ply roofing; asphalt; metal; modified bitumen; built-up roofing; cements and coatings; insulation?flat stock and tapered; commercial fasteners; metal edges and flashings; skylights, smoke vents, and roof hatches; and sheet metal products, including copper, aluminum, and steel. The company also provides complementary building products, such as vinyl siding; red, white, and yellow cedar siding; fiber cement siding; soffits; house wraps; vapor barriers; and stone veneer, as well as vinyl windo ws, aluminum windows, wood windows, turn-key windows, and wood and patio doors. In addition, it offers specialty lumber products comprising redwood, red cedar decking, mahogany decking, pressure treated lumber, fire treated plywood, synthetic decking, PVC trim boards, millwork, and custom millwork. Further, the company provides waterproofing systems, building insulations, air barrier systems, gypsum, moldings, cultured stone, and patio covers. Its customer base consists of contractors, home builders, building owners, and other resellers. Beacon Roofing Supply, Inc. distributes its products through 194 branches in 38 states of the United States; and 6 Canadian provinces. The company was founded in 1928 and is based in Peabody, Massachusetts.

Advisors' Opinion:

• [By Luke Jacobi]

  Beacon Roofing Supply (NASDAQ: BECN) fell 7.11 percent to $34.25 after Robert W. Baird downgraded the stock from Outperform to Neutral.

  Commodities

• [By Lauren Pollock]

  Beacon Roofing Supply Inc.'s(BECN) fiscal fourth-quarter earnings declined slightly as higher costs offset a jump in sales. “We continued to experience a challenging pricing environment, which drove down our gross margins from the prior year,” Chief Executive Paul Isabelle said. Results missed estimates, sending shares down 4.4% to $34.50 in light premarket trading.

• [By Investment Contrarians]

  In the small-cap area, take a look at the suppliers to the housing market. Beacon Roofing Supply, Inc. (NASDAQ: BECN) is a stock that you should keep an eye on. The company supplies builders and roofing companies with roofing supplies.

• [By Lee Samaha]

  It's been a volatile year for the roofing industry, and over the last three months, investors have seen more downside. Roofing materials distributor Beacon Roofing Supply (NASDAQ: BECN  ) is down 11.5% in the last three months, and building products manufacturer Owens Corning (NYSE: OC  ) fell 5.5% in the same period -- all in a year when many commentators thought this sector would outperform.�