Finance guru Jeremy Siegel says the Dow could increase another 6% this year and at least 10% next year. The index has already moved up 25% so far this year, and he sees it between 16,000 and 17,000 by year end.
The Wharton professor, speaking on CNBC on Monday, reminded investors that the final two months of the year “are usually pretty good months.” Plus, no major uncertainties hang over the markets, “at least in these two months coming up,” he says.
“I think the economy is going to hold on here,” Siegel said. In 2014, he sees GDP improving to 3% or as high as 3.5%.
The Dow Jones industrial average was up about 22 points, and trading above 15,590 mid-Monday.
Siegel sees tailwinds for the Dow as fourth-quarter results are released. In addition, dividends have improved 10%-15% this year and are “rising strong.”
“This is a very favorable climate still for equities,” Siegel stressed.
Meanwhile, the Standard & Poor’s 500 index was up more than 23% in 2013 through Friday.
Best Sliver Companies To Invest In Right Now: Shenandoah Telecommunications Co(SHEN)
Shenandoah Telecommunications Company, a diversified telecommunications company, provides regulated and unregulated telecommunications services to end-user customers and other communications providers in the southeastern United States. It offers a suite of voice, video, and data communications services; and sells telecommunications equipment. The company?s Wireless segment provides digital wireless service to a portion of a four-state area covering the region from Harrisburg, York, and Altoona, Pennsylvania to Harrisonburg, Virginia. It owns 149 towers and leases tower space to other wireless communications providers in Virginia, West Virginia, Maryland, and Pennsylvania. This segment also offers personal communications services through a digital wireless telephone and data network. Its Wireline segment provides regulated and unregulated telephone services and leases fiber optic facilities primarily in the northern Shenandoah Valley. This segment also offers information s ervices and Internet access to customers in the northern Shenandoah Valley and surrounding areas. In addition, it is involved in the resale of long distance service for calls placed to locations outside the regulated telephone service area by telephone customers. As of December 31, 2011, this segment had approximately 1,410 dial-up customers and 12,351 digital subscriber line customers, as well as served approximately 10,483 long distance customers. The company?s Cable Television segment provides coaxial cable-based television service in the portions of Shenandoah County, Virginia, as well as in communities in West Virginia, southern and southwestern Virginia, and western Maryland. It had approximately 137,238 cable revenue generating units. The company was founded in 1902 and is headquartered in Edinburg, Virginia.
- [By Jake L’Ecuyer]
Leading and Lagging Sectors
Wednesday morning, the healthcare sector proved to be a source of strength for the market. Leading the sector was strength from Horizon Pharma (NASDAQ: HZNP) and Pernix Therapeutics Holdings (NASDAQ: PTX). In trading on Wednesday, telecommunications services shares were relative laggards, down on the day by about 0.39 percent. Top decliners in the sector included Shenandoah Telecommunications Co (NASDAQ: SHEN), off 3.3 percent, and CalAmp (NASDAQ: CAMP), down around 2.4 percent.
Best Sliver Companies To Invest In Right Now: Campus Crest Communities Inc (CCG)
Campus Crest Communities, Inc., incorporated on March 1, 2010, is a self-managed, self-administered and vertically-integrated developer, builder, owner and manager of purpose-built student housing properties in the United States. The Company operates in two segments: student housing operations and development, construction and management services. It owns the general partner interest and owns limited partner interests in Campus Crest Communities Operating Partnership, LP (the Operating Partnership). It holds substantially all of its assets and conducts substantially all of its business, through the Operating Partnership. As of December 31, 2010, it owned interests in 27 operating student housing properties containing approximately 5,048 apartment units and 13,580 beds. Twenty-one of its properties, containing approximately 3,920 apartment units and 10,528 beds, are wholly owned. On October 19, 2010, it acquired the remaining interest in Campus Crest at San Marcos, LLC, whi ch owns The Grove at San Marcos, from HSRE. In January 2012, the Company acquired 50.1% interests in The Grove. On December 27, 2013, the Company closed its sale of four wholly owned student housing properties. In January 2014, Campus Crest Communities Inc and Beaumont Partners joint venture partnership acquired the 488-room, 22-story Holiday Inn Midtown in Montreal, Quebec.
As of December 31, 2010, the average occupancy for its 27 properties was approximately 88%. Its properties are primarily located in medium-sized college and university markets. As of December 31, 2010, the Company were party to one joint venture arrangement with HSRE, in which it owns a 49.9% interest.
Student Housing Operations
The Company’s student housing operations are consisted of rental and other service revenues, such as application fees, pet fees and late payment fees. In August 2010, the Company opened three additional properties that were owned by the same real estate venture.
Development, Construc! tion and Management Services
The Company provides development and construction services to unconsolidated joint ventures in which it has an ownership interest. The Company acts as a general contractor on all of its construction projects. In addition to its wholly owned properties, all of which are managed by the Company, it also provides management services to uncombined joint ventures in which, it has an ownership interest.
- [By Jonas Elmerraji]
2013 is panning out to be a rough year for Campus Crest Communities (CCG) — shares of the small-cap student housing REIT have slid 12.7% since the calendar flipped over to January. While that sounds bad enough as it is, it’s actually 31% underperformance vs. the S&P 500. And a quick glance at the chart makes it pretty clear to see why.
CCG is stuck in a textbook downtrend right now, bouncing between trendline resisatnce to the upside and a parallel support level below. You don’t have to be an expert technical analyst to figure out where CCG’s high probability price action is from here; it’s down. Trendline resistance has acted as a ceiling for shares on the last four tests in 2013 and with shares hitting their head on that resistance level this week, now’s the optimal time to sell (or short) this REIT.
If you’re looking for an opportunity to buy CCG, you could be in for a long wait. But the 50-day moving average has been a pretty good proxy for resistance since the start of the summer. I’d recommend waiting for that line to get broken before even thinking about doing anything but selling this stock. Until then, it’s toxic.
- [By Lawrence Meyers]
Campus Crest Communities (CCG) operates 33 student housing properties comprising 6,324 apartment units under its “Grove” brand name. It’s a REIT, so it distributes a minimum of 90% of taxable income as a common dividend of roughly 6%, which may even attract other investors. Campus Crest carries $225 million in debt and services it at a rate of about 5%. The company came into its own in 2012, as it reported solid EBITDA of $16.5 million and a profit after debt service and preferred stock payments, which it just started that year.
Best Sliver Companies To Invest In Right Now: Grillit Inc (GRLT)
Grillit Inc, formerly Holdings Energy Inc., incorporated on May 21, 2002, is a public corporation that discovers, invests and or acquires development-stage with solutions, clean technologies and eco-friendly products that serve the global alternative energy sector. The Company was formed to develop and engage in operations and management of digital wireless data communications services of 220 megahertz digital wireless data communications. In April 2013, the Company acquired Healthy & Tasty Ventures LLC Effective December 19, 2013, GRILLiT Inc acquired a 10% interest in Natura Foods LLC.
Effective March 30, 2011, the Company had entered into a formal letter of intent with Remington Energy of Houston, Texas for the purchase of two oil and gas properties. On March 29, 2011, the Company disposed of its previous assets that represented the remaining business segment known as CX2 Technologies, Inc.
- [By Peter Graham]
Last Friday, small cap stocks Cambridge Heart, Inc (OTCMKTS: CAMH), Abby Inc (OTCMKTS: ABBY) and Grillit Inc (OTCMKTS: GRLT) surged 176.92%, 71.2% and 24.07%, respectively. Of course, that was last week and today is a new trading week. So what should investors and traders alike be prepared for this week with these three small caps? Here is a closer look to help you decide on an investing or trading strategy:
Best Sliver Companies To Invest In Right Now: Euro/Swiss(RF)
Regions Financial Corporation operates as the holding company for Regions Bank that provides a range of commercial, retail, and mortgage banking services in the United States. It offers various deposit products, including savings and transaction accounts; demand deposit accounts; money market accounts; and time deposits, such as certificate of deposits and individual retirement accounts. The company?s loan portfolio comprises commercial loans, such as commercial and industrial, and owner occupied commercial real estate mortgage and construction loans; investor real estate loans, including commercial real estate mortgage and construction loans; and consumer loans, which consist of residential first mortgage, home equity, indirect, consumer credit card, and other consumer loans. Regions Financial Corporation, through other subsidiaries, also provides regional brokerage and investment banking products and services, such as securities brokerage, trust, asset management, finan cial planning, mutual funds, securities underwriting, sales and trading, and investment banking services for individual and institutional investors; and insurance brokerage services for various lines of personal and commercial insurance comprising property, casualty, life, health, and accident. In addition, the company offers credit-related insurance, including title, term life, credit life, environmental, crop, and mortgage insurance; debt cancellation products; and equipment financing products primary for commercial clients. As of December 31, 2011, it operated approximately 2,100 ATMs and 1,726 banking offices in Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, South Carolina, Tennessee, Texas, and Virginia. The company was founded in 1970 and is headquartered in Birmingham, Alabama.
- [By FinanceGuru]
Radio frequency (RF) chip manufacturer Skyworks Solutions (SWKS) has had some bad luck this year, because despite three straight quarters of solid results, the company’s shares have appreciated only 10% while the NASDAQ is up 21%. In the past, the company’s performance was directly linked to Apple’s (AAPL) performance, as it derived 29% of its 2012 revenue from the smartphone maker. Thus, any negative news regarding the iPhone manufacturer was not well received by investors.
- [By Marc Bastow]
Birmingham, Alabama-based bank holding company Regions Financial (RF) raised its quarterly payout 66.7% to 5 cents per share payable July 1 to shareholders of record June 13.
RF Dividend Yield: 1.18%
- [By Lauren Pollock]
Regions Financial Corp.(RF) said its fourth-quarter profit fell 14% as the Birmingham, Ala.-based lender continues to fix its loan portfolio through debt restructuring. Revenue topped views.
Best Sliver Companies To Invest In Right Now: Smart Ventures Inc (SMVR)
Smart Ventures, Inc., incorporated on November 22, 2006, is an exploration-stage company. The Company focuses on exploring, acquiring, developing and producing mineral reserves. The Company had purchased certain mineral claims located in the Laurentides Region near Mont Laurier, Quebec. In June 2011, the Company acquired Metal Assets S.A. In February 2014, Smart Ventures Inc announced the closing of its acquisition of The Sanday Corporation oil and gas drilling Services Company.
As of December 31, 2009, the Company had not generated any revenues. The Company focuses on establishing and exploiting deposits of both base and precious metals.
- [By Peter Graham]
Small cap marijuana stocks Smart Ventures Inc (OTCMKTS: SMVR) and Vitamin Blue Inc (OTCMKTS: VTMB) jumped 40.28% and 38.6%, respectively, while hemp stock Astika Holdings Inc (OTCBB: ASKH) fell 13.75% on Friday. Moreover, only one of these small cap stocks seems to have been the subject of a few paid promotions or investor relations types of activities. So will all three of these marijuana or hemp stocks keep producing highs or lows for investors and traders alike? Here is a quick reality check:
Smart Ventures Inc (OTCMKTS: SMVR) Plans to Enter the Marijuana Edibles Business
Small cap Smart Ventures Inc is an independent energy company engaged in engineering extended reach drilling services, acquisition, development, production, and exploration of oil, gas and minerals internationally. On Friday, Smart Ventures Inc rose 40.28% to $0.07 for a market cap of $2.31 million plus SMVR is up 600% over the past year and down 93.3% in intermittent trading since December 2009 according to Google Finance.
Best Sliver Companies To Invest In Right Now: Vanguard Utilities ETF (VPU)
Vanguard Utilities ETF is an exchange-traded class of shares issued by Vanguard Utilities Index Fund (the Fund). The Fund employs a passive management or indexing investment approach designed to track the performance of the Morgan Stanley Capital International (MSCI) United States Investable Market Utilities Index (the Index), an index made up of stocks of large, medium-size and small United States companies in the utilities sector, as classified under the Global Industry Classification Standard (GICS).
This GICS sector is made up of electric, gas and water utility companies, as well as companies that operate as independent producers and/or distributors of power. The sector includes both nuclear and non-nuclear facilities. The Fund attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the Index, holding each stock in approximately the same proportion as its weighting in the Index.
- [By Bruce Vanderveen]
Vanguard Utilities ETF (VPU) is similar to XLU. It has the same top ten holdings, but has a more diverse base, with smaller utilities included.
Best Sliver Companies To Invest In Right Now: HSBC Holdings PLC (HBCYF)
HSBC Holdings plc (HSBC) is a global banking and financial services organizations. As of December 31, 2012, it provided a range of financial services to around 58 million customers through four global businesses: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking. In June 2012, the Company’s indirect wholly owned subsidiary, HSBC Iris Investments (Mauritius) Ltd, sold its 4.73% interest in Axis Bank Limited and 4.74% interest in Yes Bank Limited. In July 2012, its subsidiary, HSBC Europe (Netherlands B.V.), sold its 100% interest in HSBC Credit Zrt, to CentralFund Kockazati Tokealap. On March 31, 2013, Enstar Group Ltd’s subsidiary completed the acquisition from Household Insurance Group Holding Company of HSBC Insurance Company of Delaware and Household Life Insurance Company of Delaware, as well as its three subsidiary insurers. Advisors’ Opinion:
- [By Mark Thompson]
The Gold Fixing began as usual at 3 pm. Deutsche Bank (DB), HSBC (HBCYF), Scotiabank and Societe Generale (SCGLF) joined Barclays on a conference call.
Best Sliver Companies To Invest In Right Now: Convergys Corporation (CVG)
Convergys Corporation provides relationship management solutions in North America and internationally. Its Customer Management segment offers agent-assisted, self-service, and intelligent technology care solutions, including customer service, customer retention, sales, technical support, social interaction, collections management, back office, business-to-business, customer experience applied analytics, and intelligent interaction solutions for communications, financial services, technology, retail, healthcare, and government markets. This segment also provides premise-based and hosted automated self-care and technology solutions; speech recognition solutions; and license, professional, consulting and maintenance, and software support services. Convergys Corporation was founded in 1998 and is headquartered in Cincinnati, Ohio.
- [By Jake L’Ecuyer]
Convergys (NYSE: CVG) was also up, gaining 12.44 percent to $23.46 after the company announced its plans to acquire Stream Global Services for $820 million in cash. Convergys also reaffirmed its outlook for 2013.
- [By Wallace Witkowski]
Convergys (CVG) shares surged 20% to $25 on light volume after the customer management firm announced it will acquire Stream Global Services Inc. for a total enterprise value of $820 million in cash. The acquisition should add about 35 cents a share to Convergys earnings excluding one-time costs, the company said.
Best Sliver Companies To Invest In Right Now: Tandem Diabetes Care Inc (TNDM)
Tandem Diabetes Care, Inc., incorporated on July 1, 2008, is a medical device company with an approach to the design, development and commercialization of products for people with insulin-dependent diabetes. The Company designed and commercialized its flagship product, the t:slim Insulin Delivery System, or t:slim, based on its technology platform and consumer-focused approach. Its technology platform features Micro-Delivery Technology, a miniaturized pumping mechanism, which draws insulin from a flexible bag within the pump’s cartridge rather than relying on a syringe and plunger mechanism. The Company also applies the science of human factors to its design and development process, which seeks to optimize its devices to the intended users, allowing users to successfully operate the devices in their intended environment.
The Company developed t:slim to offer the specific features that people with insulin-dependent diabetes seek in a next-generation insulin p ump. The Company designed it to have the look and feel of a modern consumer electronic device, such as a smartphone. It is the insulin pump to feature a high resolution, color touchscreen. It is also the slimmest and smallest durable insulin pump on the market, and can easily and discreetly fit into a pocket, while still carrying a cartridge with 300 units of insulin.
The Company designed its flagship product, t:slim, to have the look and feel of a modern consumer electronic device, such as a smartphone. t:slim is the slimmest and smallest durable insulin pump on the market. With its narrow profile, which is similar to many smartphones, t:slim can easily and discreetly fit into a pocket. Its technology platform allows for the use of a vivid touchscreen and easy-to-navigate software architecture, which provide users simple access to the key functions of t:slim directly from the Home Screen. Insulin pump users can quickly learn how to efficiently navigate t:slim