This week in personnel announcements and new hires, Vanguard announced that Gregory Davis will become the new head of the firm’s fixed income group; the Brownstone Investment Group hired Matthew Martines; the Alliance for Investor Education elected new officers; and Mike DiCenso went to MassMutual Retirement Services.
Also, David Jacowitz was named managing director of Penn Mutual’s career agency office in Rochester; LIMRA and LOMA announced new officers and members of the board of directors; Laurie Belew was named FPA president-elect for 2014; and Jason Bickler became divisional vice president at Forethought.
Davis to Head Vanguard Fixed Income Group
Vanguard announced Monday that Robert Auwaerter, principal and head of the Vanguard Fixed Income Group, has announced that he will retire in March after 32 years with the firm. He will be succeeded by Gregory Davis, who currently serves as chief investment officer of the Asia Pacific region and is a director of Vanguard Investments Australia.
Best Information Technology Companies To Buy Right Now: Prosensa Holding NV (RNA)
Prosensa Holding N.V., formerly Prosensa Holding B.V., is a biotechnology company engaged in the discovery and development of ribonucleic acid-modulating (RNA)-modulating, therapeutics for the treatment of genetic disorders. The Company’s primary focus is on rare neuromuscular and neurodegenerative disorders with a large unmet medical need, including Duchenne muscular dystrophy, myotonic dystrophy and Huntington’s disease. The Company’s clinical portfolio of RNA-based product candidates is focused on the treatment of Duchenne muscular dystrophy (DMD). The Company’s platform technology allows the development of RNA-modulating therapeutics that either interferes with splicing (exon skipping, exon inclusion, or splice mutation correction), remove mutant RNA, or block RNA expression, for different indications.
DMD is a rare, severe muscle wasting disease that occurs in up to 1 in 3,500 male births. It is commonly diagnosed between the ages of three to five , when boys begin to show signs of impaired motor development. PRO044, the Company’s product candidate, addresses a separate sub-population of DMD patients. The Company developed PRO044 using its exon-skipping technology to generate a product candidate with the same mechanism of action that is used by drisapersen.
- [By Garrett Cook]
Prosensa Holding N.V. (NASDAQ: RNA) shares were also up, gaining 8.20 percent to $13.00 on the FDA requirement of additional data from Sarepta on Eteplirsen. Prosensa Holding is also looking to provide a drug to treat Duchenne muscular dystrophy.
- [By Monica Gerson]
Prosensa Holding NV (NASDAQ: RNA) soared 25.89% to $8.51 in the pre-market trading after the company reported 48-week data from Phase 2 placebo-controlled study of drisapersen in 51 DMD boys.
Best Information Technology Companies To Buy Right Now: Powershares Golden Dragon (PGJ)
PowerShares Golden Dragon Halter USX China Portfolio is based on the Halter USX China Index. The Index is comprised of the United States listed securities of companies, which derive a majority of their revenue from the People’s Republic of China. The fund was incepted on December 9, 2004.
The sectors covered by the investment include consumer discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials, telecommunications and utilities. PowerShares Capital Management LLC provides investment management to the Fund.
- [By MONEYMORNING.COM]
PowerShares Golden Dragon China Portfolio (NYSE: PGJ) has a position in more than 70 companies, and its holdings are all U.S.-listed companies that generate most of their revenue in China. For that reason, Alibaba is the perfect candidate to join PGJ’s holdings once it starts trading on the New York Stock Exchange.
- [By Robert Martin]
With that in mind, here are four of the best emerging market ETF picks: A China ETF, an India ETF, and two other ETFs that track broad indices like the MSCI Emerging Markets Index.
PowerShares Gold Dragon Halter USX China Portfolio (PGJ)
Expense Ratio: 0.7%
Best Information Technology Companies To Buy Right Now: Von Roll Holding AG (ROH)
Von Roll Holding AG is a Switzerland-based holding company that focuses on products and systems for power generation, transmission and distribution, as well as high-tech materials. The Company diversifies its activities into three business segments: Von Roll Insulation; Von Roll Composites, and Von Roll Transformers. The Von Roll Insulation business segment covers the Company’s products, systems and services related to insulation with focus on large generators, high-voltage motors, traction motors and transformers. The Von Roll Composites business segment covers the Company’s heat and fire resistant cable insulations, composite materials, compression-molded tiles and solutions for ballistic protection. The Von Roll Transformers business segment covers the Company’s complete solutions for power transmission and distribution, power transformers and special transformers. In June 2013, it acquired Albesiano Sisa vernici Srl. Advisors’ Opinion:
- [By The Part-time Investor]
The following stocks met the criteria in January of 2008 and were put into the initial portfolio:
Abbot Labs (ABT)Advanced data processing (ADP)Associated Banc-Corp (ASBC)Bank of America (BAC)BB&T Corp. (BBT)Bemis Company (BMS)Anheuser Busch (BUD)The Chubb Corporation (CB)Clorox (CLX)Comerica Inc. (CMA)Diebold Inc. (DBD)Emerson Electronics (EMR)First Dollar Corp. (FDO)First Third BanCorp. (FITB)Gannett Co, Inc. (GCI)General Electric (GE)Hershey (HSY)Illinois Tools Works (ITW)Johnson and Johnson (JNJ)Leggett and Platt (LEG)Eli Lilly (LLY)La-Z-Boy (LZB)McDonald’s (MCD)Marsh and Ilsley (MI)M&T Bancorp (MTB)PepsiCo (PEP)Pfizer (PFE)Procter & Gamble (PG)Pentair Ltd. (PNR)Regions Financial Corp. (RF)Rohm and Haas (ROH)RPM International (RPM)Sherwin Williams (SHW)Sysco Corp. (SYY)UDR Inc. (UDR)
Historical quotes were taken from Yahoo Finance. $10,000 was put into each position, to the nearest whole share, so a total of $349,262.89 was invested. From 1/15/08 throu gh 5/16/13 all dividends were reinvested back into the stock that paid them. If a dividend cut was announced, that stock was sold on the ex-div date of the new, lower dividend.
Best Information Technology Companies To Buy Right Now: Dana Holding Corporation (DAN)
Dana Holding Corporation engages in the design, manufacture, and supply of driveline products, technologies, and service parts for vehicle manufacturers worldwide. The company operates in four segments: Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Driveline Technologies, and Power Technologies. It provides light axles, driveshafts, engine sealing products, thermal products, and related service parts for light trucks, sport utility vehicles, crossover utility vehicles, vans, and passenger cars. The company also offers axles, driveshafts, chassis and side rails, ride controls and related modules and systems, engine sealing products, thermal products, and related service parts for medium- and heavy-duty trucks, buses, and other commercial vehicles. In addition, it provides axles, driveshafts, suspension components, transmissions, electronic controls, related modules and systems, engine sealing products, thermal products, and related s ervice parts for construction and earth moving machinery; agricultural, mining, forestry, rail, and material handling equipment; and various non-vehicular and industrial applications. Dana Holding Corporation was founded in 1904 and is headquartered in Maumee, Ohio.
- [By WWW.GURUFOCUS.COM]
Dana Holding Corp. (DAN)(0.3%) (DAN – $23.27 – NYSE) is a Maumee, Ohio based supplier of axles, drivelines and thermal products for the automotive and trucking industries. Dana’s new CEO, Roger Wood, has begun to emphasize the company’s strong technological expertise in thermal management technology, including advanced battery cooling products for next generation vehicles. Additionally, the company is beginning to reap the benefits of efforts to improve customer pricing as well as internal manufacturing efficiencies, both of which are expected to improve margins amid robust demand in the company’s core auto and trucking markets.From Mario Gabelli (Trades, Portfolio)’s Gabelli Asset Fund’s first quarter 2014 shareholder commentary.Also check out: Mario Gabelli Undervalued Stocks Mario Gabelli Top Growth Companies Mario Gabelli High Yield stocks, and Stocks that Mario Gabelli keeps buying Currently 0.00/512345
Rating: 0.0/5 (0 votes)
- [By Rich Duprey]
Auto parts supplier Dana Holding (NYSE: DAN ) announced today it is expanding its share repurchase program to $1 billion, representing a $900 million increase over the $100 million bought back under the previous authorization. Shares will be bought back over the next two years.
- [By Rich Duprey]
Auto components manufacturer Dana Holding (NYSE: DAN ) announced yesterday its third-quarter dividend of $0.05 per share, the same rate it’s paid since it began making a payout last year. The board of directors said the quarterly dividend is payable on Aug. 30 to the holders of record at the close of business on Aug. 9.
Best Information Technology Companies To Buy Right Now: Credit Suisse Group AG (CSGN)
Credit Suisse Group AG is a Switzerland-based holding company engaged in private banking, investment banking and asset management areas. It operates through four divisions: Private Banking, which consists of the Wealth Management Clients and Corporate & Institutional Clients business; Investment Banking, provides a range of financial products and services, with a focus on client-driven, flow-based and capital-efficient businesses; Asset Management, offers a range of asset class products, including alternative investments, and multi-asset class solutions, including equities and fixed income products, and Shared Services, which provides centralized corporate services and business support for the Company’s divisions. Advisors’ Opinion:
- [By Marie Mawad]
Orange was advised by Credit Suisse Group AG (CSGN) and Messier, Maris & Associes. Altice was advised by Lazard Ltd. Goldman Sachs Group Inc lead the financing on the deal, working with Morgan Stanley, Deutsche Bank AG, Barclays Plc and Credit Agricole SA.
- [By Nina Mehta]
Credit Suisse Group AG (CSGN), operator of the largest U.S. dark pool, said it will no longer publicly disseminate monthly volume data for the private stock-trading venue, according to an executive at Tabb Group LLC.
- [By Sharon Cho]
Growing demand for the most-stable equities has spurred a record 31 straight days of foreign inflows into South Korean shares, while concern over Federal Reserve tapering and America’s debt-ceiling debate sent the benchmark gauge of U.S. stock volatility to a three-month high on Oct. 8. Credit Suisse Group AG (CSGN), UBS Wealth Management and Bank Julius Baer & Co. say they’re bullish on South Korea as smaller price swings lure investors to companies from SK Hynix Inc. (000660) to LG Chem Ltd. (051910)
Best Information Technology Companies To Buy Right Now: Restoration Hardware Holdings Inc (RH)
Restoration Hardware Holdings, Inc. (Restoration Hardware Holdings), incorporated on August 18, 2011, is a holding company. The Company is merchants of home furnishings. Restoration Hardware Holdings offers merchandise assortments across a number of categories, including furniture, lighting, textiles, bath ware, decor, outdoor, garden, and baby and child products. The Company’s business is integrated across its multiple channels of distribution, consists of its stores, catalogs and Websites. As of July 28, 2012, the Company’s operated a total of 73 retail stores, consisted of 71 Galleries and two full line Design Galleries, and 10 outlet stores throughout the United States and Canada. RH is a brand in the home furnishings. During the fiscal year ended January 28, 2012 (fiscal 2011), the Company opened five stores and closed 22 stores. In fiscal 2011, the Company distributed approximately 26.1 million catalogs, and its Websites logged over 14.3 million visits.
Restoration Hardware Holdings operates a Website for its Baby & Child brand at www.rhbabyandchild.com. The Company opened its two full line Design Galleries in Los Angeles in, June 2011 and Houston in November 2011. In May 2011, the Company launched catalog applications for Apple’s iPad and iPhone that enable customers to view and purchase its product assortment. Restoration Hardware Holdings operates three store types: the Company’s full line Design Gallery format, approximately between 22,000 and 28,000 gross square feet; its Gallery format of approximately 7,000-15,000 gross square feet, and its Baby & Child Gallery format of approximately 2,000-3,000 gross square feet.
- [By Ben Levisohn]
Shares of Restoration Hardware (RH) have slipped today following its earnings release, which saw the retailer beat earnings forecasts but miss on revenue.
Brandon Schulman for The Wall St
Jefferies’ John Marrin doesn’t understand the fuss:
The later distribution of the Spring catalog had a larger-than-anticipated detriment to sales around the July 4th promotional event, but a very strong gross-margin performance more than made up the difference as EPS came in well ahead. Guidance for the back half looks very good, particularly for 3Q as management cited a business acceleration late in 2Q and into Aug/Sept. The shares were down in the after hours but we believe they will bounce back
As of yet, they haven’t. Shares of Restoration Hardware have dropped 3.6% to $79.15 at 12:46 p.m.
- [By Brian Nichols]
Restoration Hardware (NYSE: RH ) reported earnings recently and its revenue growth showed a significant deceleration in comparison to what investors have come to expect. Nonetheless, for investors with a long-term outlook, Restoration Hardware has a plan in place to keep growth robust, thus allowing for long-term stock gains.
- [By Jack Kramer and Nick Martell] Trying to figure out which country’s World Cup team bandwagon you’re going to jump on isn’t easy. So take a few minutes and check out what sent the Dow Jones Industrial Average (DJINDICES: ^DJI ) down from record highs over the last week.
1. Stock market winners …
Just in time for you to clean out your closets and replace the furniture in your living room for some spring cleaning, Restoration Hardware (NYSE: RH ) has been on quite a roll as well. Restoration Hardware stock popped in after-hours trading Wednesday following an earnings report worth putting on a mantel in your bedroom, as the company announced that revenue for the last quarter came in at $366.3 million.
So what’s in the cards for the maker of all the kinds of home furnishings your mom is now into? Expansion. Restoration Hardware has 69 stores on this side of the Atlantic and wants to open another 30 that it expects will lead to $5 billion in annual sales. That kind of strategy got investors excited — and so did word that profits were up 200% from last year.
CEO Gary Friedman had plenty of other fine goods to share with Wall Street as well. The financial analysts over at Restoration Hardware are quite an optimistic bunch — as part of the earnin gs report, the company announced that it expects full-year 2014 revenue to reach $1.8 billion, with the help of $443 million to $453 million in revenue in the second quarter. 2. … And stock market losers
While America seems to have been loading up on Restoration Hardware goods this past spring, they weren’t buying Lululemon clothes for their workouts. Shares of lululemon athletica (NASDAQ: LULU ) plummeted nearly 16% Thursday after a tied-up earnings report. On one hand, revenue beat Wall Street’s expectations, rising 11% from last year to $385 million. But same-store sales fell 4% and the company also cut its full-year revenue projections, down to $1.8 billion from $1.82 billion.