Top 5 Diversified Bank Stocks To Buy For 2015

Top 5 Diversified Bank Stocks To Buy For 2015: Darling International Inc. (DAR)

Darling International Inc. provides rendering, recycling, and recovery solutions to the food industry worldwide. It operates in two segments, Rendering and Restaurant Services. The Rendering segment engages in collecting and processing animal by-products and converting these into useable oils and proteins utilized by the agricultural, leather, and oleo-chemical industries. This segment offers various products, such as meat and bone meal, and bleachable fancy tallow. The Restaurant Services segment involves in the collection of used cooking oils from food service establishments and recycling them into similar products, such as high-energy animal feed ingredients and industrial oils. This segment provides grease trap servicing; and schedules services, such as fat and bone, and used cooking oil collection, as well as trap cleaning services for contracted customers. The company primarily sells its products to producers of oleo-chemicals, soaps, pet foods, leather goods, livest ock feed, and bio-fuels through commodities brokers, company agents, and directly. It was formerly known as Darling-Delaware Company, Inc. and changed its name to Darling International Inc. in December 1993. The company was founded in 1882 and is headquartered in Irving, Texas.

Advisors' Opinion:

• [By Jake L'Ecuyer]

  Darling International (NYSE: DAR) was down, falling 5.05 percent to $18.99 after the company priced public offering of 40 million shares of its common stock at $19.00 per share.

• [By Jonas Elmerraji]

  Nearest Resistance: $20

  Nearest Support: $18.50

  Catalyst: Share offering

  Waster recycling firm Darling International (DAR) is down more than 5% this afternoon following news that the firm would be offering 40 million shares of common stock at $19, a move designed! to raise capital to pay for a planned acquisition. While investors took the news well (the acquisition should be accretive to DAR's business, after all), shares traded down to the offering price.

  If you own Darling right now, this might be a good opportunity to get out. That's because DAR is currently forming a head-and-shoulders top, a bearish setup that indicates exhaustion among buyers. While support exists at $18.50, it's weak enough to get taken out on the next round of selling. Buyer beware.

source from Top Stocks For 2015:http://www.topstocksblog.com/top-5-diversified-bank-stocks-to-buy-for-2015-2.html