It was inevitable: Microsoft (NASDAQ: MSFT ) had no choice but to pursue the small-sized tablet segment if it hopes to be relevant. Consumers are increasingly voting with their wallets that smaller tablet form factors are the way to go. Apple (NASDAQ: AAPL ) has now jumped into that market segment with the iPad Mini, an implicit concession that Steve Jobs was wrong when he proclaimed that the perfect tablet size was around 10 inches.
Thus far, Microsoft’s forays into the tablet market have been with larger devices, including its own Surface tablet that sports a 10.6-inch display. Most Windows 8 and Windows RT devices made by OEMs have also been in the full-sized segment. That’s all changed with the Acer Iconia W3 that was just unveiled at Computex Taipei.
The Iconia W3 is being billed as the “industry’s first 8-inch Windows 8 tablet,” and its 8.1-inch display will compete directly with the iPad Mini’s 7.9-inch screen. An Intel (NASDAQ: INTC ) Atom chip is found inside, which promises all-day battery performance. Intel has been making headway in tablet wins, including scoring a spot in Samsung’s new Galaxy Tab 3 10.1 (also with an Atom processor). Intel’s pricier chips also contribute to the higher price of the Iconia W3, which will retail for $379.
Hot Warren Buffett Companies To Buy Right Now: AllianceBernstein Income Fund Inc (ACG)
AllianceBernstein Income Fund Inc. (the Fund), formerly known as ACM Income Fund Inc., is a diversified closed-end management investment company. The Fund’s investment objective is to provide high current income consistent with the preservation of capital. The Fund normally invests at least 80% of its net assets in income producing securities. It normally invests at least 65% of its assets in securities issued or guaranteed by the United States Government, its agencies or instrumentalities, and repurchase agreements pertaining to the United States Government securities. It may also invest up to 35% of its assets in other fixed-income securities, including those issued by non-governmental issuers in the United States and those issued by foreign governments. The Fund may invest up to 35% of its net assets in below-investment-grade securities. In addition, the Fund may utilize other investment instruments, including options and futures, and may employ leverage. On January 26, 2007, AllianceBernstein Income Fund Inc. acquired ACM Government Opportunity Fund, Inc.
The Fund invests in sovereign debt obligations of countries that are considered emerging market countries at the time of purchase. Part of the Fund’s assets will be invested in foreign securities. AllianceBernstein Income Fund Inc.’s investment advisor is AllianceBernstein L.P. (formerly known as Alliance Capital Management L.P.).
- [By Harry Domash, Publisher, DividendDetective and Winning Investing]
For instance, AllianceBernstein Income, ticker (ACG), has about 70% of its holdings rated AAA, which is the highest rating you can get. We have some that invest in global real estate.
We have some invested in utility, preferreds, and common. We have some invested in emerging market debt. We try to cover the whole spectrum of investing. When you’re looking at monthly payers, you’re usually getting bond funds as opposed to stock funds.
Steven Halpern: Now among those closed-end funds is there a name or two that stands out that people should be looking at?
Harry Domash: Well, one that’s really good for us has been Reaves Utility Income. It holds primarily US utility and telecom stocks and it’s been a pretty good dividend raiser. The ticker is (UTG), paying about a 6.1% yield now and it’s a good serial dividend increaser so it’s a very good one.
If you’re worried about rising interest rates then Invesco Dynamic Credit Opportunities, ticker (VTA), invests in below investment-grade floating rate bank loans. In other words, these are called senior loans.
They’re bank loans that adjust their payouts based on prevailing interest rates, so if interest rates go up, these loans will pay higher dividends, so this is a good hedge if you are concerned about rising interest rates.
Another one that’s really performed, and it’s paying a 6.9% yield right now, Guggenheim Strategic Opportunities, ticker (GOF), that’s actually Claymore Guggenheim, holds corporate and government backed, that it’s mostly investment-grade and it’s paying a 10.1% yield right now, which is pretty high. Those are three that I could recommend right now.
Steven Halpern: Well, we really appreciate you joining us today and sharing your expertise. Thank you.
Harry Domash: You’re welcome.
Subscribe to the Dividend Detective here…
Hot Warren Buffett Companies To Buy Right Now: Atossa Genetics Inc (ATOS)
Atossa Genetics Inc., incorporated on April 30, 2009, is a development-stage healthcare company focused on the prevention of breast cancer through the commercialization of diagnostic tests that can detect precursors to breast cancer, and through the research, development, and ultimate commercialization of treatments for pre-cancerous lesions. The Company’s diagnostic tests consist of medical devices cleared by the Food and Drug Administration (FDA), which can collect fluid samples from the breast milk ducts, where over 95% of breast cancers arise. During the fiscal year ended September 30, 2012, the tests that the Company offered and that are in development consist of ForeCYTE, ArgusCYTE, FullCYTE and NextCYTE. In September 2012, the Company acquired all of the assets of Acueity.
The ForeCYTE Breast Health Test provides personalized information about the 10-year and lifetime risk of breast cancer for women between ages 18 and 73. The ArgusCYTE Breast Health Test provides information to help inform breast cancer treatment options and to help monitor potential recurrence. The FullCYTE Breast Health Test is designed to assess the individual breast ducts for pre-cancerous changes in women previously identified to be at high risk for breast cancer. The NextCYTE Breast Cancer Test is designed to profile breast cancer specimens for prediction of treatment outcomes and distant recurrence in women newly diagnosed with breast cancer. MASCT, Oxy-MASCT, and its name and logo are the trademarks. ForeCYTE, FullCYTE, NextCYTE, and ArgusCYTE are its service marks.
- [By John Kell]
Atossa Genetics Inc.(ATOS) is planning to offer shares and warrants to raise proceeds for general corporate purposes including the development of the company’s breast health testing products. Shares slumped 20% to $2.56 premarket.
- [By Bryan Murphy]
You know, it’s fun to be right about a particular stock, but at the same time, it’s miserable if you didn’t have the guts to actually act on the idea. That’s my tale of woe with Atossa Genetics Inc. (NASDAQ:ATOS). On Monday of this week I was singing its praises, explaining how the chart suggested ATOS was on the verge of a breakout. But, I also suggested waiting for shares to take that one final confirming step…. a move above the 100-day moving average line. Now I wish I hadn’t been so picky.
Hot Warren Buffett Companies To Buy Right Now: T. Rowe Price Group Inc.(TROW)
T. Rowe Price Group, Inc. is a publicly owned asset management holding company. The firm primarily provides its services to individual and institutional investors, retirement plans, and financial intermediaries. Through its subsidiaries it manages separate client-focused equity, fixed income, and balanced portfolios along with mutual funds. It also provides advisory services. The firm invests in the public equity, venture capital, and fixed income markets across the globe. T. Rowe Price Group was founded in 1937 and is based in Baltimore, Maryland with additional offices in London, United Kingdom; Central Hong Kong, Hong Kong; Tokyo, Japan; and Singapore.
- [By Ben Levisohn]
After five days of losses, the Dow Jones Industrial Average gained 0.6% to 15,928.56, while the S&P 500 rose 0.6% t0 1,792.50, ending its three-day losing streak. The Dow got a boost from Pfizer (PFE), Visa (V) and General Electric (GE), while the S&P 500′s biggest winners included homebuilder DR Horton (DHI) and T. Rowe Price (TROW).
- [By Zacks]
Riding on higher revenues, T. Rowe Price Group, Inc. (NASDAQ: TROW) reported its fourth-quarter 2013 net income of $1.06 per share, beating the Zacks Consensus Estimate by 2 cents. Moreover, this significantly outperformed the year-ago earnings of 88 cents.
- [By Rick Aristotle Munarriz]
Alamy What if there was a way to buy Apple (AAPL) — recently trading near $568 a share — for just $500? It’s not an outlandish scenario. That’s essentially what investors buying into Tri-Continental (TY) are doing. Like many closed-end stock funds, Tri-Continental trades for less than the value of its underlying assets. In Tri-Continental’s case, its close on Dec. 24 of $20.18 is a 12 percent discount to its net asset value of $22.95 a share. Tri-Continental invests in some of the country’s largest companies across various different industries. Apple just happens to be its largest holding at nearly 3 percent of the portfolio, but it’s one of the many stocks in Tri-Continental that investors are buying into for pennies on the dollar. If this sounds too good to be true, you would be right. There’s a catch — and a big catch, at that. But let’s first explore the largely ignored universe of closed-end funds. Fun with Funds When investors think about mutual funds they are probably referring to the wide universe of open-ended funds. Led by iconic fund families including Vanguard, Fidelity and T. Rowe Price (TROW), these conventional funds sell an unlimited number of shares. They typically are priced just once at the end of every trading day. Buyers invest and sellers cash out at that day’s net asset value, or the closing value of all of the stocks and investments in the funds after subtracting any liabilities that is then divided by the number of shares outstanding. Closed-end funds don’t play that way. They trade throughout the day on public exchanges. Tri-Continental, for example, trades on the New York Stock Exchange. A closed-end fund doesn’t create new shares when investors want to buy or subtract them when those shares are redeemed. There’s a set number of shares, and the free markets of supply and demand dictate their price. Tri-Continental isn’t new. The fund has been around since 1929, the same year of a historic market crash. It’s one of the hund
- [By Chris Hill]
Which investors are worth following? In this installment of MarketFoolery, our analysts talk about why they’re following Cook and Bynum’s Richard Cook and Dowe Bynum, Martin Capital’s Frank Martin, Alleghany’s (NYSE: Y ) CEO Weston Hicks, and T. Rowe Price’s (NASDAQ: TROW ) Preston Athey.
Hot Warren Buffett Companies To Buy Right Now: EchoStar Corporation(SATS)
EchoStar Corporation, together with its subsidiaries, engages in the design, development, and distribution of digital set-top boxes and related products. The company?s EchoStar Technologies segment designs, develops, and distributes digital set-top boxes and related products and technology, including Slingbox placeshifting technology primarily for satellite television (TV) service providers, and telecommunication and cable companies that allow consumers to watch and control their home digital video and audio content through a broadband Internet connection; and Slingboxes for consumers through retail outlets. This segment also provides digital broadcast operations comprising satellite uplinking/downlinking, transmission services, signal processing, conditional access management, and other services primarily to DISH Network. Its EchoStar Satellite Services segment offers capacity leasing on a full-time and occasional-use basis primarily to DISH Network, as well as to Dish M exico, the U.S. government service providers, state agencies, Internet service providers, broadcast news organizations, programmers, and private enterprise customers through its 10 owned and leased in-orbit satellites and related Federal Communications Commission licenses. The company?s Hughes segment provides satellite broadband Internet access to consumers in North America; broadband network services and systems to the domestic and international enterprise markets; managed services and equipment to enterprises; turnkey satellite ground segment systems to mobile system operators; and microwave radio network systems for cellular backhaul and broadband wireless access. It has operations in North America, Asia, Africa, Australia, Europe, South America, and the Middle East. EchoStar Corporation was founded in 2007 and is headquartered in Englewood, Colorado.
- [By James Miller Phd]
The company has a current ratio of 13.05% which is higher than the one registered by Charter Communications Inc. (CHTR), Digital Globe Inc. (DGI), EchoStar Corp (SATS), Gilat Satellite Networks Ltd. (GILT) and Intelsat SA (I).
- [By Lauren Pollock]
Dish swung to a third-quarter profit, helped by an increase in revenue and subscriber rolls, while former unit EchoStar Corp.(SATS) posted a weaker profit. Dish results beat expectations, sending shares up 3.2% to $49 premarket.
Hot Warren Buffett Companies To Buy Right Now: Globe International Ltd (GLB)
Globe International Limited is an Australia-based company, engaged in the design, marketing and distribution of apparel, footwear and skate hardgoods brands for the action sports and street fashion markets. The company operates in the sale of goods in the Action Sports market. The Company operates in three segments include Australasia, North America and Europe. Globe International products were sold to nearly 100 countries around the world.The Company maintains distribution business of third party owned brands for the Australian and New Zealand market operating under its Hardcore and 4 Front divisions. As of June 30, 2012, the Company’s proprietary brands include Globe, Enjoi, Blind, Dusters, Almost, Cliche, Darkstar, Speed Demons, Tensor and Gallaz. Advisors’ Opinion:
- [By Inyoung Hwang]
Glanbia Plc (GLB) rallied the most in more than two years as food and beverage shares gained. Hennes & Mauritz AB jumped 6.9 percent after reporting monthly sales that beat estimates. Edenred SA rose 7.8 percent after Raymond James Financial Inc. said margins may improve in 2014. Fresnillo Plc sank 14 percent after missing out on inclusion in a gold-miners gauge.
Hot Warren Buffett Companies To Buy Right Now: Simplicity Bancorp Inc (SMPL)
Simplicity Bancorp Inc., formerly K-Fed Bancorp, is a federally-chartered stock holding company. K-Fed Bancorp is a wholly owned subsidiary of K-Fed Mutual Holding Company (the MHC), a federally-chartered mutual holding company. K-Fed Bancorp operates through its subsidiary, Kaiser Federal Bank (the Bank), a federally chartered stock savings bank, which provides retail and commercial banking services to individuals and business customers from its nine branch and financial service center locations throughout California. The Bank is a community-oriented financial institution offering a variety of financial services. The Bank’s principal business activity consists of attracting retail deposits from the general public and originating primarily loans secured by first mortgages on owner-occupied one-to-four family residences and multi-family residences located in its market area and, to a lesser extent, automobile and other consumer loans. Its revenues are derived principally from interest on loans and mortgage-backed and related securities. It also generates revenue from service charges and other income. The Bank offers a variety of deposit accounts having a range of interest rates and terms, which generally include savings accounts, money market accounts, demand deposit accounts and certificate of deposit accounts with varied terms ranging from 90 days to 5 years.
The Bank originates consumer loans, primarily automobile loans. As of June 30, 2010, its net loan portfolio totaled $758 million, which constituted 87.4% of its total assets. As of June 30, 2010, the Bank’s first lien one-to-four family residential mortgage loans totaled $335.6 million, or 43.5%, of its gross loan portfolio. It originates one-to-four family mortgage loans on a fixed rate and adjustable rate basis. As of June 30, 2010, the Bank’s one-to-four family adjustable rate mortgage loan portfolio totaled $58.6 million, or 7.6% o f its gross loan portfolio. As of June 30, 2010, the fixed r! ate one-to-four family mortgage loan portfolio totaled $276.9 million, or 35.9% of its gross loan portfolio. Included in non-accrual loans at June 30, 2010, were $2.9 million in adjustable rate one-to-four family mortgage loans and $21.9 million in fixed rate one-to-four family mortgage loans.
The Bank also offers multi-family residential real estate loans. These loans are secured by real estate located in its primary market areas, within the state of California. As of June 30, 2010, multi-family residential loans totaled $278.4 million, or 36.1%, of its gross loan portfolio, and consists of 415 loans outstanding with an average loan balance of approximately $670,000. It offers a variety of secured consumer loans, including home equity lines of credit, new and used automobile loans, and loans secured by savings deposits. It also offers a limited amount of unsecured loans. At June 30, 2010, the Bank’s consumer loan portfolio, exclusive of automobile loans, tot aled $13.8 million, or 1.8%, of its gross loan portfolio.
The Bank is authorized to invest in various types of liquid assets, including the United States Treasury obligations, securities of various federal agencies, certain certificates of deposit of insured banks and savings institutions, certain bankers’ acceptances, repurchase agreements and federal funds. At June 30, 2010, the Bank’s investment portfolio totaled $6 million and consisted principally of investment grade collateralized mortgage obligations and mortgage-backed securities. It invests in mortgage-backed securities insured or guaranteed by Federal National Mortgage Association (Fannie Mae), Federal Home Loan Mortgage Corporation (Freddie Mac) or Government National Mortgage Association (Ginnie Mae). As of June 30, 2010, it also had an investment in an affordable housing fund totaling $1.2 million.
Sources of Funds
The Bank’s sourc es of funds are deposits, payment of principal and interest ! on loans,! interest earned on or maturity of investment securities, borrowings, and funds provided from operations. It offers a variety of deposit accounts to consumers with a range of interest rates and terms. Its deposits consist of time deposit accounts, savings, money market and demand deposit accounts. The Bank’s borrowings consist of advances from the Federal Home Loan Bank of San Francisco. It may obtain advances from the Federal Home Loan Bank of San Francisco upon the security of its mortgage loans and mortgage-backed securities. As of June 30, 2010, the Bank had $137 million in Federal Home Loan Bank advances outstanding. At June 30, 2010, it had available additional advances from the Federal Home Loan Bank (FHLB) of San Francisco in the amount of $219.1 million.
- [By Tim Melvin]
HBCP stock is trading at 94% of book value and is very attractive at the current price.
Simplicity Bancorp (SMPL)
Simplicity Bancorp (SMPL) in Covina, Calif., started out decades ago as a credit union for employees of the Kaiser Foundation Hospital. It has since grown to a nine-branch bank with $834 million in assets. SMPL had its conversion IPO back in 2010, and is an extremely attractive takeover target right now. The bank’s equity-to-asset ratio is 16, and nonperforming assets are less than 2% of the total, so that’s a solid financial condition to be in.
Hot Warren Buffett Companies To Buy Right Now: Jazz Pharmaceuticals Inc.(JAZZ)
Jazz Pharmaceuticals, Inc., a specialty pharmaceutical company, engages in the identification, development, and commercialization of pharmaceutical products to meet unmet medical needs. The company markets Xyrem, a sodium oxybate oral solution for the treatment of both cataplexy and excessive daytime sleepiness in patients with narcolepsy; and Luvox CR extended-release capsules for the treatment of obsessive compulsive disorder. Its product candidates under clinical development include JZP-6, a Phase III pivotal clinical trials completed product for the treatment of fibromyalgia; and JZP-8, an intranasal formulation of clonazepam, which has completed Phase II clinical trial for the treatment of acute repetitive seizures in epilepsy and solid oral dosage forms of sodium oxybate. The company sells its products through specialty sales force targeting sleep specialists, psychiatrists, neurologists, and pulmonologists. Jazz Pharmaceuticals, Inc. was founded in 2003 and is headq uartered in Palo Alto, California.
- [By Michael Robinson]
Jazz Pharmaceuticals PLC (JAZZ) has a strong expertise in treating narcolepsy, chronic pain, blood disease, cancer, and some psychiatric disorders.
- [By Myra Ramdenbourg]
Jazz Pharmaceuticals PLC (JAZZ): EVP and CFO Kathryn E. Falberg Sold 2,000 Shares
On 02/12/2014, EVP and CFO Kathryn E. Falberg sold 2,000 shares at an average price of $157. The price of the stock has decreased by 1.12% since. Jazz Pharmaceuticals PLC has a market cap of $9.01 billion and its shares were traded at around $155.24. The company has a P/E ratio of 44.00 and P/S ratio of 10.96. Over the past five years, Jazz Pharmaceuticals PLC had an annual average earnings growth of 68.30%.
- [By Jayson Derrick]
Analysts at Barclays reinstated coverage of Jazz Pharmaceuticals (NASDAQ: JAZZ) with an Overweight rating and $200 price target. Shares gained 2.48 percent, closing at $155.24.
Hot Warren Buffett Companies To Buy Right Now: Hawaiian Holdings Inc.(HA)
Hawaiian Holdings, Inc., through its subsidiary, Hawaiian Airlines, Inc., engages in the scheduled air transportation of passengers and cargo. It offers daily service on transpacific routes between Hawaii and Los Angeles, Oakland, Sacramento, San Diego, San Francisco, and San Jose, California; Las Vegas, Nevada; Phoenix, Arizona; Portland, Oregon; and Seattle, Washington, as well as daily service on its inter island routes among the four islands of the State of Hawaii. The company also provides scheduled service on its Pacific routes between Hawaii and Pago Pago, American Samoa; Papeete, Tahiti; Sydney, Australia; Manila, Philippines; Tokyo, Japan; and Seoul, South Korea, as well as other ad hoc charters. As of December 31, 2010, its fleet consisted of 15 Boeing 717-200 aircraft for its interisland routes; 18 Boeing 767-300; and 3 Airbus A330-200 aircrafts for its transpacific, Pacific, and charter routes. Hawaiian Holdings, Inc. was founded in 1929 and is headquartered in Honolulu, Hawaii.
- [By Ben Levisohn]
Last week Hawaiian Airlines (HA) announced they will suspend service from Honolulu to Fukuoka after two years of unprofitable service. Hawaiian stated the market was not profitable. Delta recently started flying Honolulu-Fukuoka (and they have hedged the Yen at 80); both US airlines were operating about half full. As a result of Hawaiian leaving the market, we expect Delta’s load factors to improve. Delta has been slowly overlaying a lot of competitor capacity on the West Coast, especially to / from Seattle…
- [By Ben Levisohn]
DeNardi also rates Alaska Air (ALK), Spirit Airlines (SAVE) and Allegiant Travel (ALGT) as Buys and Southwest, JetBlue Airways (JBLU) and Hawaiian Holdings (HA) as holds.
- [By Rich Smith]
Following up on January’s announcement that Hawaiian Airlines (NASDAQ: HA ) is buying 16 new A321neo airliners from Airbus — and optioning nine more — airplane engine maker United Technologies (NYSE: UTX ) said Thursday that it will be supplying the engines for all 25 airplanes.
- [By Adam Levine-Weinberg]
Right now, lots of investors are betting against Hawaiian Holdings (NASDAQ: HA ) , the parent of Hawaiian Airlines. That might seem like bad news for bulls (like me), but the story’s not quite that simple.
Hot Warren Buffett Companies To Buy Right Now: China Life Insurance Company Limited(LFC)
China Life Insurance Company Limited provides life, annuities, accident, and health insurance products in China. Its individual life insurance and annuity products consist of whole life and term life insurance, endowment insurance, and annuities. The company also engages in the writing of life insurance business. In addition, it offers group life insurance products, including group annuity products, and group whole life and term life insurance products to enterprises and institutions, as well as universal life products. Further, the company provides short-term insurance products comprising short-term accident insurance and short-term health insurance products; accident insurance products, such as individual accident insurance and group accident insurance; and health insurance products, including defined health benefit plans, medical expense reimbursement plans, and disease specific plans. It distributes its products through its direct sales representatives and exclusive ag ents, as well as through intermediaries comprising insurance agencies and insurance brokerage companies, non-dedicated agencies, bancassurance arrangements, travel agencies, and hotels and airline sales counters. The company was founded in 1949 and is based in Beijing, China. China Life Insurance Company Limited is a subsidiary of China Life Insurance (Group) Company.
- [By Jim Jubak]
That 40% gain in net income is likely to be among the lower increases reported by China’s insurance companies in the next few weeks. The average growth in net income among insurers expected by analysts is 92%. I think that makes it worthwhile holding the best of these insurers—such as Ping An and China Life (LFC), a member of my Jubak’s Picks portfolio, for these earnings reports, even though the systemic stress—and thus risk—in China’s financial system is rising.
- [By John Udovich]
China is set to ease the one child policy, something that could benefit Chinese stocks in general but be especially beneficial to insurance stocks like China Life Insurance Company Ltd (NYSE: LFC) and CNinsure Inc (NASDAQ: CISG) plus health care stocks like Mindray Medical International Ltd (NYSE: MR) and Concord Medical Services Hldg Ltd (NYSE: CCM). First, let’s be clear that China is NOT abolishing the one child policy as the changes will merely allow married couples to have two children if one spouse is an only child plus it will be up to China’s 34 province-level administrations to revise their laws and put the new policy into effect. Moreover, China’s family-planning bureaucracy employs more than 500,000 full-time workers and six million part-time workers all the way down to the village level to collect billions of dollars in fines and these bureaucrats have fought for years against policy changes – meaning they could throw up roadblocks if not placated. With that said, the insurance and health care sectors are two sectors with publicly Chinese stocks that look set to take advantage of the coming changes.
- [By Daniel Inman]
China Life Insurance Co. (HK:2628) (LFC) rose 2.7% after China’s largest life insurer by premiums reported that it had made a 7.5 billion yuan ($1.2 billion) profit in the third quarter, reversing a 2.2 billion yuan loss in the same period last year.
- [By MARKETWATCH]
LOS ANGELES (MarketWatch) — Chinese stocks advanced early Monday, with strong gains for insurers helping support the market. Hong Kong’s Hang Seng Index (HK:HSI) improved by 0.5% to 22,816.23, with the Hang Seng China Enterprises Index up 0.9%, while the Shanghai Composite (CN:SHCOMP) added 0.3%. China Life Insurance Co. (HK:2628) (LFC) added 2.5% in Hong Kong and 1.6% in Shanghai after swinging to a quarterly profit, while strong earnings for rival Ping An Insurance Group Co. (HK:2318) (PNGAY) (CN:601318) sent its shares up 2.2% in Hong Kong and 1.7% in Shanghai. Among other Hong Kong-listed financials, China Construction Bank Corp. (HK:939) (CICHF) (CN:601939) rose 1.1% despite posting earnings that trailed average expectations, while China Merchants Bank Co. (HK:3968) (CIHHF) (CN:600036) climbed 1.3% ahead of its own quarterly report due later in the day. Zoomlion Heavy Industry Science & Technology Co. (HK:1157) (ZLIOF) shot 7.8% higher after a Chinese journalist admitted to taking bribes to write reports damaging to the company. News reports had accused the major contruction-machinery firm of acc
Hot Warren Buffett Companies To Buy Right Now: Westpac Banking Corp (WEBNF)
Westpac Banking Corporation is a banking company. It operates through three divisions: Australian Financial Services (AFS), Westpac Institutional Bank (WIB) and Westpac New Zealand. AFS consists of Westpac’s retail and business banking operations in Australia, and includes Westpac Retail & Business Banking (Westpac RBB), St.George Banking Group and BT Financial Group Australia (BFTG). Westpac RBB is responsible for sales and service for consumer, small-to-medium enterprise customers and commercial customers under the Westpac brands. St.George is responsible for sales, and service for its consumer, business and corporate customers in Australia under brands, such as St.George and BankSA. BTFG is Westpac’s Australian wealth management division. In January 2014, the Company completed the acquisition of Lloyds Banking Group Plc’s Australian asset finance business, Capital Finance Australia Limited, and its Australian corporate loan portfolio, BOS International (Australia) Lt d. Advisors’ Opinion:
- [By MARKETWATCH]
LOS ANGELES (MarketWatch) — Australian stocks started Monday trade higher, with the S&P/ASX 200 (AU:XJO) up 0.8% at 5,206.40 after a strong finish for Wall Street at the end of last week. Resource shares got a lift from gains for commodities prices since the previous trading session, with strong advances for gold and copper and a more than 2% rise for New York-traded crude-oil futures. Among the leading gainers, Rio Tinto Ltd. (AU:RIO) (RIO) added 1.2%, Oil Search Ltd. (AU:OSH) (OISHF) climbed 1.3%, and gold miners Newcrest Mining Ltd. (AU:NCM) (NCMGF) and Evolution Mining Ltd. (AU:EVN) (CAHPF) improved by 3.9% and 6.4%, respectively. The heavily weighted banking sector also enjoyed solid gains, with Commonwealth Bank of Australia (AU:CBA) (CBAUF) up 1%, Westpac Banking Corp. (AU:WBC) (WEBNF) trading 1.3% higher, and National Australia Bank Ltd. (AU:NAB) (NAUBF) rising 1.1% as the U.K.’s Sunday Times reported the lender is considering a £2 billion ($3.3 billion) float of its British operations, which the report said had dragged on NAB’s results in recent years.
- [By MARKETWATCH]
LOS ANGELES (MarketWatch) — Australia stocks rose early Thursday, with miners leading the way higher after a positive production report from Rio Tinto Ltd. (AU:RIO) (RIO) , while overall sentiment got a lift from U.S. gains overnight. The S&P/ASX 200 (AU:XJO) improved by 0.6% to 5,274.30, with shares of Rio Tinto rising 2.2% after reporting record high iron-ore shipments for 2013 and a sold gain for copper output. Rio’s peers also advanced, with BHP Billiton Ltd. (AU:BHP) (BHP) up 1.7%, Fortescue Metals Group Ltd. (AU:FMG) (FSUMF) ahead by 3.2%, and Oz Minerals Ltd. (AU:OZL) (OZMLF) adding 2.4%. Among the gold producers, Newcrest Mining Ltd. (AU:NCM) (NCMGF) surged 7.2% as J.P. Morgan raised its rating on the shares to overweight from neutral. Banks weren’t as lucky, however, with Australia & New Zealand Banking Group (AU:ANZ) (ANEWF) down 0.3%, while Westpac Banking Corp. (AU:WBC) (WEBNF) and Commonwealth Bank of Australia (AU:CBA) (CBAUF) lost 0.7% each as Citibank downgraded the trio t
- [By MARKETWATCH]
LOS ANGELES (MarketWatch) — Australian stocks inched lower in early Friday trade, with the S&P/ASX 200 (AU:XJO) down 0.1% at 5,322.00, with weakness in miners outweighing mild strength in financials. Shares of BHP Billiton Ltd. (AU:BHP) (BHP) and Rio Tinto Ltd. (AU:RIO) (RIO) fell 1.4% apiece, while Fortescue Metals Group Ltd. (AU:FMG) (FSUMF) lost 2.2% and gold miner Evolution Mining Ltd. (AU:EVN) (CAHPF) lost 0.8%, after copper prices fell to two-week lows and Chinese steel futures also lost ground, according to Reuters. The sector could react to Chinese trade data due out later in the day, as China remains a top market for Australian commodities. Stock in Alumina Ltd. (AU:AWC) (AWCMF) retreated 2.6% after its U.S. partner Alcoa Inc. (AA) posted a quarterly loss. On the upside, the big four banks all traded higher, with Commonwealth Bank of Australia (AU:CBA) (CBAUF) up 0.1%, National Australia Bank Ltd. (AU:NAB) (NAUBF) rising 0.2%, Westpac Banking Corp. (AU:WBC) (WEBN