Hot Cheap Companies To Own For 2014

Reuters has come out with a story, which, if true, would seem improbably. Apparently Cisco (NASDAQ: CSCO), Google (NASDAQ: GOOG), and Europe’s SAP have considered buying Blackberry (NASDAQ: BBRY). Alternatively, Blackberry could be smashed into pieces and sold off for junk.

Blackerry’s stock has not been able to hold the mark of $9, a bid made by Canadian finance firm Fairfax. There are two concerns about whether the bid can be completed. The first is that Fairfax will not be able to close a deal because if cannot raise the money. The other is that due diligence will prove that Blackberry’s future is more terrible that has already been imagined.

As a side show, several private equity firms which include Cerberus (the former owner of Chrysler) have asked for data from Blackberry.

It is nearly impossible to make the case that a company which is imploding as rapidly as Blackberry could have any value, even those its enterprise unit remains viable.

Hot Cheap Companies To Own For 2014: Progress Software Corporation(PRGS)

Progress Software Corporation operates as an enterprise software company worldwide. Its products include Progress OpenEdge platform, which offers development tools, application servers, application management tools, and an embedded database; Progress Orbix to address enterprise integration problems with standards-based solutions; and Progress ObjectStore, an object data management system to store data faster than relational database management system or file-based storage system. The company?s products also comprise Progress Responsiveness Process Management suite for business users; Progress Control Tower, an interactive business control panel; Progress Sonic, which comprises an enterprise messaging system and the enterprise service buses; Progress Actional that provides operational and business visibility, root cause analysis, and policy-based security and control of services; Progress Apama, which offers tools for creating, testing, and deploying strategies for applicat ions, including algorithmic trading, market aggregation, smart order routing, market surveillance and monitoring, and risk management; Progress Savvion BusinessManager, a business process management software; and Fuse products that provide customers with access to professional open source integration and messaging software. In addition, it offers Progress DataDirect Connect products, which provide data connectivity components; Progress DataDirect Shadow to provide foundation architecture for standards-based mainframe integration; and Progress Data Services product set that offers data integration for distributed applications. Further, the company provides maintenance, consulting, training, and customer support services. Progress Software Corporation sells its products to independent software vendors, original equipment manufacturers, and system integrators through direct sales force and independent distributors. The company was founded in 1981 and is based in Bedford, Massa c husetts.

Advisors’ Opinion:

  • [By Jake L’Ecuyer]

    Progress Software (NASDAQ: PRGS) shares tumbled 11.15 percent to $22.82 after the company issued a weak Q1 forecast.

    FireEye (NASDAQ: FEYE) was also down, falling 9.35 percent to $81.20 after the company’s secondary offering lead to fear on the street.

  • [By Jake L’Ecuyer]

    Progress Software (NASDAQ: PRGS) shares tumbled 10.11 percent to $22.82 after the company issued a weak Q1 forecast.

    21Vianet Group (NASDAQ: VNET) was down, falling 6.18 percent to $25.94 on Q4 results.

  • [By John Kell and Lauren Pollock var popups = dojo.query(“.socialByline .popC”); ]

    Progress Software Corp.(PRGS) trimmed its expectations for the fiscal first quarter, as the business-software provider said results were hurt by lower license sales. Shares dropped 12% to $22.27 premarket.

  • [By Rich Duprey]

    Believing it should have a single, cohesive platform for the development of cloud and mobile application development technologies, Progress Software (NASDAQ: PRGS  ) announced this morning it was selling its Apama complex event processing solution to Software AG for an undisclosed sum.

Hot Cheap Companies To Own For 2014: Express-1 Expedited Solutions Inc.(XPO)

XPO Logistics, Inc. provides third-party logistics services using a network of relationships with ground, sea, and air carriers in the United States, Mexico, and Canada. It operates in three segments: Express-1, Concert Group Logistics, and Bounce Logistics. The Express-1 segment offers ground expedited surface transportation services for freight. It operates a fleet ranging from cargo vans to semi tractor trailer units. The Concert Group Logistics segment provides domestic and international freight forwarding services through a network of independently owned stations. Its domestic freight forwarding services include air charter, expedites, and time sensitive services, as well as cost sensitive services comprising deferred delivery, less than truckload, and full truck load services; and international freight forwarding services consist of on-board courier and air charters, time sensitive services, less-than-container and full-container-loads, and vessel charters. This segm ent also offers documentation on international shipments, customs clearance and banking, trade show shipment management, time definite and customized product distributions, reverse logistics and on site asset recovery projects, installation coordination, freight optimization, and diversity compliance support services. The Bounce Logistics segment provides premium freight brokerage services for truckload shipments. The company serves approximately 4,000 retail, commercial, manufacturing, and industrial customers through 6 U.S. operations centers and 22 agent locations. It offers its services to the automotive manufacturing, automotive components and supplies, commercial printing, durable goods manufacturing, pharmaceuticals, food and consumer products, and high tech sectors. The company was formerly known as Express-1 Expedited Solutions, Inc. and changed its name to XPO Logistics, Inc. in September 2011. XPO Logistics, Inc. was founded in 1989 and is based in Buchanan, Mich i gan.

Advisors’ Opinion:

  • [By Jake L’Ecuyer]

    XPO Logistics (NYSE: XPO) shot up 7.06 percent to $30.01 after the company announced its plans to acquire Pacer International (NASDAQ: PACR) in a deal valued at $335 million.

  • [By Travis Hoium]

    What: Shares of XPO Logistics (NYSE: XPO  ) jumped 13% today after announcing an acquisition.

    So what: The company will pay $365 million for logistics provider 3PD, consisting of $357 million in cash an $8 million in XPO restricted stock. Is will use its own cash and borrow $195 million from Credit Suisse Group for the remainder of the purchase.  

Hot Cheap Companies To Own For 2014: Cloud Peak Energy Inc(CLD)

Cloud Peak Energy Inc., through its subsidiaries, engages in coal mining operations in the Powder River Basin of the United States. It produces sub-bituminous steam coal with low sulfur content for electric utilities and industrial customers. The company owns and operates Antelope surface coal mine located to the south of Gillette, Wyoming; the Cordero Rojo surface coal mine located to the south of Gillette, Wyoming; and the Spring Creek surface coal mine located in Montana. It also owns a 50% interest in the Decker surface coal mine located in Montana. As of December 31, 2010, it had approximately 970 million tons of proven and probable reserves. The company was founded in 1993 and is headquartered in Gillette, Wyoming.

Advisors’ Opinion:

  • [By Aaron Levitt]

    Simply put, the coal stocks trio of Peabody Energy (BTU), Alpha Natural Resources (ANR) and Cloud Peak Energy (CLD) could be some of the biggest bargains out all energy stocks.

  • [By Reuben Brewer]

    A ready supplier
    Malaysia, which is a coal export powerhouse, is going to be there to help fill the void. However, Cloud Peak Energy (NYSE: CLD  ) notes that Malaysian coal is at the lower end of the quality spectrum, particularly compared to its U.S. Powder River Basin coal. That’s a positive sign for Cloud Peak’s export hopes, particularly as China looks to clean up the most obvious pollution problems related to coal. Right now, Cloud Peak exports about 5% of its coal, but it plans to increase that as U.S. ports increase their capacity.

  • [By Ben Levisohn]

    Cloud Peak Energy (CLD) has gained 3.1% to %15.03 after it was upgraded to Buy from Hold at Stifel.

    Novatris (NVS) has dropped 1.2% to $74.48 after it was downgraded to Neutral from Overweight at JP Morgan.

  • [By Tyler Crowe]

    At the same time, there are a few glimmers of hope for the coal industry. Cloud Peak Energy’s (NYSE: CLD  ) balance sheet shows some characteristics that could help it survive another rough patch for coal. It may not be a great balance sheet overall, but it’s certainly better than many others in the space. Tune into the following video to get Fool.com contributors Tyler Crowe and Aimee Duffy’s take on a couple other coal companies that either look like they are headed for a big fall or have stronger balance sheets to weather the storm.

Hot Cheap Companies To Own For 2014: Ford Motor Credit Company(F)

Ford Motor Company primarily develops, manufactures, distributes, and services vehicles and parts worldwide. It operates in two sectors, Automotive and Financial Services. The Automotive sector offers vehicles primarily under the Ford and Lincoln brand names. This sector markets cars, trucks, and parts through retail dealers in North America, and through distributors and dealers outside of North America. It also sells cars and trucks to dealers for sale to fleet customers, including daily rental car companies, commercial fleet customers, leasing companies, and governments. In addition, this sector provides retail customers with a range of after-sale vehicle services and products in the areas, such as maintenance and light repair, heavy repair, collision repair, vehicle accessories, and extended service contracts under the Ford Service, Lincoln Service, Ford Custom Accessories, Ford Extended Service Plan, and Motorcraft brand names. The Financial Services sector offers vari ous automotive financing products to and through automotive dealers. It offers retail financing, which includes retail installment contracts for new and used vehicles; direct financing leases; wholesale financing products that comprise loans to dealers to finance the purchase of vehicle inventory; loans to dealers to finance working capital, purchase real estate dealership, and/or make improvements to dealership facilities; and other financing products, as well as provides insurance services. Ford Motor Company was founded in 1903 and is based in Dearborn, Michigan.

Advisors’ Opinion:

  • [By Douglas A. McIntyre]

    Because Tesla will create a car dealership, its hardest decision will be which existing manufacturer to pick as a partner. The company will have to be very large. Niche manufactures like Porsche and Audi likely think the Model S and less expensive models on the way compete too much with their own products. And other high-end companies like BMW and Mercedes have acknowledged that they have to build models to compete with Tesla. Narrowed down, that leaves very few dealer networks that have luxury models, but would not view Tesla as a rival. Among a very few others, that leaves the Lincoln division of Ford Motor Co. (NYSE: F). It has been in trouble for years. A relationship with Tesla might give its image a lift.

  • [By Vinay Singh]

    Ford (F) has been sluggish to expand its presence in the emerging markets in the last ten years, but things are changing now. The recent increase in the company’s share price indicates that Ford is improving and may soon reach pre-recession levels.

  • [By Ben Levisohn]

    Another day, another headline for General Motors (GM)–but at least it has company today, as Toyota Motor (TM) and Honda Motor (HMC) made headlines if their own. Even Ford (F) made headlines over currency matters.

Hot Cheap Companies To Own For 2014: Whole Foods Market Inc.(WFM)

Whole Foods Market, Inc. engages in the ownership and operation of natural and organic food supermarkets. The company offers produce, seafood, grocery, meat and poultry, bakery, prepared foods and catering, coffee and tea, nutritional supplements, and vitamins. It also provides specialty products, such as beer, wine, and cheese; body care and educational products, such as books; and floral, pet, and household products. As of February 9, 2011, the company operated 302 stores in the United States, Canada, and the United Kingdom. Whole Foods Market, Inc. was founded in 1978 and is headquartered in Austin, Texas.

Advisors’ Opinion:

  • [By Charles Sizemore]

    Outside of premium or specialty grocers — think Whole Foods (WFM) or Trader Joe’s — growth in grocery sales is essentially limited to population growth, which has averaged less than 1% for the past decade. All jokes about Americans getting fatter aside, we’re really not eating more, and the grocery business is something of a zero-sum game for existing competitors. Again, outside of specialty or premium stores, new grocery store construction is mostly limited to new neighborhood construction.

  • [By Patricio Kehoe] ls operate roughly 150 stores each and handle an average of 10,000 stock- keeping units against 20,000 at Whole Foods.

    Sourcing

    In order to maximize volume discount, Whole Foods purchases at regional or national scales. While many of its perishable products are obtained from local producers, almost a third of the company’s purchases are sourced from United Natural Foods Inc. (UNFI). Their distribution agreement, valid through 2020, stipulates that UNFI will be the company’s main provider of frozen foods and groceries. However, the company seeks to diversify its supplier base by sourcing form local farmers who are eager to suit its high-quality food production standards.

    Growth Drivers

    The company’s successful mix of effective inventory management and strict cost-control measures adds to a revamp of its pricing strategy and a greater focus on value offerings. Hence, Whole Foods has delivered healthy gross margins in the range of 34.8% to 35.5% over the last three years.

    Furthermore, the company continues to open new stores and to integrate regional acquisitions. It opened 32 new locations in 2013 and expects to reach the count of 500 by 2017. As store volume augments, the firm benefits from both lower per unit costs and sales increases. Its comps, in turn, also help bolster margins, since they continue to follow an upward trend. Moving forward, Whole Foods expects an escalation of 11% to 12% in total sales for 2014.

    Sturdy Growth Profile

    Whole Foods’ strong brand image, high-quality products and marketing expertise have earned the firm one of the strongest growth profiles in the industry. Its stock trades at 35.80 its trailing earnings, a premium compared to its peers’ average of 19.10. Its earnings per share growth, however, showcases an impressive 27.20% against the industry median of 5.10%, which will lead to more attractive multiples. Further, the stock delivered a healthy return on equity of 14.20% compa

Hot Cheap Companies To Own For 2014: Advance Auto Parts Inc(AAP)

Advance Auto Parts, Inc., through its subsidiaries, operates as a retailer of automotive aftermarket parts, accessories, batteries, and maintenance items. It operates in two segments, Advance Auto Parts (AAP) and Autopart International (AI). The AAP segment operates stores, which primarily offer auto parts, including alternators, batteries, chassis parts, clutches, engines and engine parts, radiators, starters, transmissions, and water pumps; accessories comprising floor mats, mirrors, vent shades, MP3 and cell phone accessories, and seat and steering wheel covers; chemicals consisting of antifreeze, freon, fuel additives, and car washes and waxes; and oil and other automotive petroleum products. This segment also provides battery and wiper installation, battery charging, check engine light reading, electrical system testing, video clinics and project brochures, loaner tool programs, and oil and battery recycling services; and sells its products through online. The AI segm ent operates stores that offer replacement parts for domestic and imported cars, and light trucks to customers in northeast and mid-Atlantic regions, as well as to warehouse distributors and jobbers in North America. As of January 1, 2011, the company operated 3,369 AAP stores, including 3,343 stores located in the northeastern, southeastern, and Midwestern regions of the United States under the Advance Auto Parts and Advance Discount Auto Parts trade names; 26 stores situated in Puerto Rico and the Virgin Islands under the Advance Auto Parts and Western Auto trade names; and 194 stores under the Autopart International trade name in the United States. It serves do-it-yourself, do-it-for-me, or commercial customers. The company was founded in 1929 and is based in Roanoke, Virginia.

Advisors’ Opinion:

  • [By Matt Thalman]

    Competitor Advanced Auto Parts (NYSE: AAP  ) also announced earnings this morning, which resulted in shares of the company increasing by 12.74% today. Revenue at Advanced rose 6% year over year to hit $1.41 billion, but that was below the $1.43 billion analysts were expecting. Despite that miss, earnings per share came in at $0.94, which was $0.13 higher than Wall Street had predicted. The company maintained a strong gross margin at 49.8%, but that fell from 49.9% during the same quarter last year, which was explained as a side effect from a higher mix of commercial sales, an area that has lower margins. Lastly, management forecasted that 2014 fiscal year earnings per share will fall within a range from $7.20-$7.40, while analysts had that number pinned at just $7.03 per share. 

  • [By Ning Jia]

    Reuters Description: Advance Auto Parts, Inc. (Advance), incorporated on August 1, 2001, is a specialty retailer of automotive aftermarket parts, accessories, batteries and maintenance items primarily operating within the United States. The Company operates in two segments: Advance Auto Parts (AAP), and Autopart International (AI). The AAP segment is comprised of its store operations, which operate under the trade names Advance Auto Parts and Advance Discount Auto Parts.The AI segment consists of the operations of Autopart International, Inc. which operates under the Autopart International trade name. The Company’s stores carry a product line for cars, vans, sport utility vehicles and light trucks.The Company serves both do-it-yourself (DIY), and do-it-for-me (Commercial), customers. Its Commercial customers consist primarily of delivery customers for whom the Company delivers product from its store locations to it Commercial customers’ places of business, including in dependent garages, service stations and auto dealers. On December 31, 2012, the Company acquired B.W.P. Distributors, Inc.

Hot Cheap Companies To Own For 2014: MEDIWARE Information Systems Inc.(MEDW)

Mediware Information Systems, Inc., together with its subsidiaries, engages in the design, development, and marketing of software solutions targeting specific processes within healthcare institutions. The company offers software systems consisting of company’s proprietary application software, and third-party licensed software and hardware. It licenses, implements, and supports clinical and performance management, blood donor, and blood and biologic management products in the United States; and medication management solutions in the United States, the United Kingdom, Ireland, and South Africa. The company?s blood and biologics management solutions include HCLL Transfusion and HCLL Donor, which address blood donor recruitment, blood processing, and transfusion activities for hospitals and medical centers; BloodSafe suite of hardware and software that enable healthcare facilities to store, monitor, distribute, and track blood products; LifeTrak software for blood centers; a nd BiologiCare, a bone, tissue, and cellular product tracking software. Its medication management products comprise WORx, a pharmacy information system to manage inpatient and outpatient pharmacy operations; MediCOE, a physician order entry module; MediMAR, a nurse point-of-care administration and bedside documentation module; MediREC, which assists in achieving compliance with a Joint Commission mandate; and pharmacy management and electronic prescribing systems. The company?s performance management products include InSight software that tracks performance metrics to assist healthcare managers to manage performance. It also provides software installation and maintenance services, as well as billing and collection services to home infusion and home/durable medical equipment markets. The company markets its products primarily through its direct sales force. Mediware Information Systems, Inc. was founded in 1970 and is headquartered in Lenexa, Kansas.

Advisors’ Opinion:

  • [By CRWE]

    Mediware Information Systems, Inc. (Nasdaq:MEDW) plans to acquire the assets of Indianapolis-based Strategic Healthcare Group LLC (SHG), a leading provider of blood management consulting, education and informatics solutions.

Hot Cheap Companies To Own For 2014: AeroVironment Inc.(AVAV)

AeroVironment, Inc. designs, develops, produces, and supports unmanned aircraft systems (UAS), and efficient energy systems for various industries and governmental agencies. Its UAS provide intelligence, surveillance, and reconnaissance, including real-time tactical reconnaissance, tracking, combat assessment, and geographic data to the small tactical unit or individual war fighter. The UAS wirelessly transmit critical live video and other information generated by their payload of electro-optical or infrared sensors directly to a hand-held ground control system, enabling the operator to view and capture images during the day or at night on a hand-held ground control unit. AeroVironment also provides spare equipment, alternative payload modules, batteries, chargers, repair services, and customer support for the UAS. In addition, the company produces industrial productivity and clean transportation solutions for commercial and government customers, develops potential clean t ransportation solutions, and performs contract engineering services; offers PosiCharge electric vehicle charging systems for industrial electric material handling fleets, electric vehicle charging systems for passenger and fleet vehicles, and power cycling and test systems for developers and manufacturers of plug-in electric and hybrid vehicles, as well as battery packs, electric motors, and fuel cells; and supplies power cycling and test systems to research and development organizations that focus on developing electric propulsion systems, electric generation systems, and electricity storage systems. It supplies its UAS primarily to the organizations within the United States department of defense. AeroVironment, Inc. was incorporated in 1971 and is headquartered in Monrovia, California.

Advisors’ Opinion:

  • [By Jake L’Ecuyer]

    AeroVironment (NASDAQ: AVAV) was also up, gaining 19.50 percent to $37.92 after the company reported upbeat Q3 earnings.

    Equities Trading DOWN
    Shares of XOMA (NASDAQ: XOMA) were down 27.54 percent to $6.84 after the company reported Q4 results and provided anupdate on its gevokizumab development program. Credit Suisse downgraded the stock from Outperform to Neutral.

  • [By John Kell and Lauren Pollock var popups = dojo.query(“.socialByline .popC”); ]

    AeroVironment Inc.’s(AVAV) fiscal third-quarter profit nearly tripled as the pilotless-drones maker reported a sharp jump in revenue and booked a gain on an investment. Adjusted profit and revenue results for the latest quarter easily exceeded Wall Street’s expectations. Shares climbed 10% to $34.90 in light premarket trading.

Hot Cheap Companies To Own For 2014: Emerson Electric Company(EMR)

Emerson Electric Co. operates as a diversified manufacturing and technology company. The company engages in appliance solutions, climate technologies, industrial automation, motor technology, network power, process management, professional tools, and storage solutions businesses. Its appliance solutions business provides appliance controls, appliance motors, heating products, and white-rodgers; climate technology business provides heating, ventilation, air conditioning, and refrigeration (HVACR) solutions for residential, industrial, and commercial applications; and industrial automation business offers bearings and power transmission products, electrical power generation products, electric motors, variable speed drives and servos, electrical products, material joining solutions, fluid automation products, and wind turbine systems. The company?s motor technology business provides appliance motors, HVACR motors, DC motors, fractional horsepower motors, integral horsepower a nd larger motors, and drives; network power business provides power, precision cooling, connectivity, and embedded solutions; and process management business provides various wireless related products from self-organizing field networks to wireless asset and people tracking. Its professional tools business offers pipe working and threading equipment, pressing technology, utility locating and visual diagnostics systems, drain maintenance tools, power tools, air tools, general purpose hand tools, wet/dry vacs, job site storage equipment, truck tool boxes and equipment, and van storage equipment; and storage solutions business provides shelving and storage products for residential, commercial, and foodservice needs, as well as offers specialized carts, mobile computer workstations, and cabinet fixtures. The company was founded in 1890 and is headquartered in St. Louis, Missouri.

Advisors’ Opinion:

  • [By Bob Ciura]

    In the investing world, boring businesses don’t get much attention. The financial media obsesses over the next hot stock, preferring to ignore the seemingly sleepy companies that generate reliable profits year after year. Some of the high-quality companies that fly under the radar are pure industrials, such as Emerson Electric (NYSE: EMR  ) , Dover  (NYSE: DOV  ) , and Illinois Tool Works (NYSE: ITW  ) .

  • [By Ben Levisohn]

    That negative sentiment “flashed as a positive indicator,” Inch and Lau say, and some stocks appear to be “‘locked and loaded’ to meaningfully exceed forecast estimates.” Those include Rockwell Automation (ROK), Eaton (ETN) and Emerson Electric (EMR).

  • [By Victor Selva]

    On Dec.24, Mario Gabelli, the Chairman and Chief Executive Officer of GAMCO Investors, Inc. added Communications Systems Inc. (JCS) at an average price of $11.05 and currently holds 330,172 shares of the stock. It was the 5th time he added the stock during this year, which makes me feel that he is betting in favor of a positive future for the consumption of network capacity.
    Recommendations of the Board
    Communications Systems is engaged in the manufacture and sale of modular connecting and wiring devices for voice and data communications, digital subscriber line filters, and structured wiring systems, and through its Transition Networks business unit in the manufacture of media and rate conversion products for telecommunications networks.
    Few months ago the firm announced a series of actions to increase revenues and improve profitability. The first change was to operate as a holding company, monitoring and supporting all the business units: Suttle, Transition Ne tworks (TN) unit and JDL Technologies. With this “new format”, each unit will operate with a high degree of autonomy. This will result in the reduction of labor costs, the emphasizing of accountability in the units as well as better recognition of performance. “While difficult decisions for the Board, we believe the changes we have taken to restructure our parent company as a holding company and to focus on individual business unit performance is in the best interest of our shareholders and will increase shareholder value” said Curtis A. Sampson, the Company’s Board Chair and Interim CEO. Furthermore, strategic investments in the TN unit such as marketing, sales and product development will boost revenues in the future.
    Severe Warning Signs
    Not all are good news, we found three severe warning signs issued by GuruFocus: Piotroski F-Score of 2 is low, which usually implies poor business operation; revenue has been in decline over the past 3 years and operating margi n has been in 5-year

Hot Cheap Companies To Own For 2014: Bank of America Corporation(BAC)

Bank of America Corporation, a financial holding company, provides banking and nonbanking financial services and products to individuals, small- and middle-market businesses, large corporations, and governments in the United States and internationally. The company?s Deposits segment generates savings accounts, money market savings accounts, certificate of deposits, and checking accounts; and Global Card Services segment provides the U.S. consumer and business card, consumer lending, international card and debit card services. Its Home Loans & Insurance segment offers consumer real estate products and services, including mortgage loans, reverse mortgages, home equity lines of credit, and home equity loans. It also provides property, disability, and credit insurance. The company?s Global Commercial Banking segment offers lending products, including commercial loans and commitment facilities, real estate lending, leasing, trade finance, short-term credit, asset-based lending, and indirect consumer loans; and capital management and treasury solutions, such as treasury management, foreign exchange, and short-term investing options. Its Global Banking & Markets segment provides financial products, advisory services, settlement, and custody services; debt and equity underwriting and distribution, merger-related advisory services, and risk management products; and integrated working capital management and treasury solutions. The company?s Global Wealth & Investment Management segment offers investment and brokerage services, estate management, financial planning services, fiduciary management, credit and banking expertise, and asset management products. Bank of America Corporation serves customers through a network of approximately 5,900 banking centers and 18,000 automated teller machines. It was formerly known as NationsBank Corporation and changed its name on October 1, 1998. Bank of America Corporation was founded in 1874 and is based in Charlott e, North Carolina.

Advisors’ Opinion:

  • [By MONEYMORNING.COM]

    Open Text added such marquee clients as Bank of America Corp. (NYSE: BAC) FedEx Corp. (NYSE: FDX), and General Electric Co. (NYSE: GE).

    With a market cap of $5.95 billion, the stock trades at roughly $50 a share. It has operating margins of more than 17% and a forward PE of 13.91 about a 15% discount from the overall market.

  • [By Rich Smith]

    AFP/Getty Images/Frederic J. Brown Over the past decade or so, waves of computer-aided identity theft have washed over the U.S. Since the first big hack attack on ChoicePoint in 2005, through more recent data breaches at Evernote, LivingSocial, and now the massive Target (TGT) breach involving 110 million pieces of data (just the third-largest data breach in U.S. history, by the way), companies have more or less figured out a routine for dealing with data breaches. You notify the FBI. You (eventually) notify your customers. And you replace everybody’s credit cards. With the latest breach at Target, that process is already well under way. Megabanks like JP Morgan Chase (JPM), Bank of America (BAC), Wells Fargo (WFC), and Citigroup (C) have collectively handed out millions of new cards, with new card numbers, to customers whose data may have been compromised by the Target data breach. Last week, the Independent Community Bankers of America issued a release confirming its members — small banks around the country — have “reissued more than 4 million credit and debit cards.” To ensure that credit and debit card numbers that hacker stole from Target and Neiman Marcus will soon be useless, ICBA member bankers absorbed costs in excess of $40 million. And as a result of their quick action, says the group, “community banks’ initial fraud costs were relatively low, with less than 1 percent of community bank customers reporting fraud.” So, while the Target breach and the “110 million pieces of data lost” sounds bad, the damage probably won’t be as bad as you think. In fact, you can use this epic data fail to your advantage. You Have to Set up New Auto-Payments When your bank sends you a new credit or debit card, it will come with a new number to replace the one that Target lost. Your old number has been canceled. This means any automatic payment plans you’ve set up — your subscriptions and the card numbers that you have preselected for payments on Amazon (AMZN), P