Prudential to Launch Direct-Sale Annuity
Prudential to Launch Direct-Sale Annuity
7 Facts About the New Short-Term Health Draft Regulations
Phoenix Group Holdings is in advanced talks to buy Standard Life Aberdeen PLC’s insurance unit, people with knowledge of the matter said, as the company seeks to bolster growth through acquisitions.
Phoenix plans to raise about 1 billion pounds ($1.4 billion) of capital to help pay for the deal, which could be announced as early as this week, the people said, asking not to be identified as the discussions are private. No final agreement has been reached and the talks could still fall apart, the people said.
Representatives for both firms declined to comment.
The mooted deal comes after Lloyds Banking Group PLC and Standard Life ended talks over merging their insurance businesses after they disagreed over control of the combined entity, a person with knowledge of the matter said at the time.
Phoenix bought Deutsche Bank AG’s Abbey Life Assurance Co. and AXA SA’s U.K. pension and protection business in 2016 as it seeks to grow through deals.
Hot Bank Stocks To Own For 2018: Immersion Corporation(IMMR)
Advisors’ Opinion:
- [By Lisa Levin]
Immersion Corporation (NASDAQ: IMMR) shares were also up, gaining 22 percent to $7.29. Immersion disclosed that Vic Viegas has agreed to resign as CEO and as a director. The company named Carl Schlachte as Interim CEO.
- [By Jim Robertson]
On Thursday, our Under the Radar Movers newsletter suggested shorting small cap technology stock Immersion Corporation (NASDAQ: IMMR):
We love how well developed the selling of Immersion shares has been. Rather than a sharp, v-shaped reversal — which may or may not follow through — we’ve seen a bowl-shaped transition from an uptrend to a downtrend. This ups the odds of downside follow-through, as there’s been no price “shock” to invite a sudden wave of buying.
- [By Lisa Levin]
Immersion Corporation (NASDAQ: IMMR) shares were also up, gaining 20 percent to $7.18. Immersion disclosed that Vic Viegas has agreed to resign as CEO and as a director. The company named Carl Schlachte as Interim CEO.
Hot Bank Stocks To Own For 2018: Sunoco LP(SUN)
Advisors’ Opinion:
- [By ]
That’s the case for Sunoco (NYSE: SUN). After posting a net loss of $0.09 per share in 2017, the gas station owner is expected to swing to a hefty profit of $2.35 per share in 2018. But of the 14 analysts who follow the company, earnings estimates range as low as $1.22 and as high as $3.35 — so there is a high degree of uncertainty.
- [By Benzinga News Desk]
President Donald Trump hinted he may intervene in the Justice Department’s Russia investigation, as a Senate panel advanced a measure to protect Special Counsel Robert Mueller: Link
ECONOMIC DATA
USA GDP (QoQ) for Q1 2.30% vs 2.00% Est; Prior 2.90%
The University of Michigan's consumer confidence index for April is schedule for release at 10:00 a.m. ET.
The Baker Hughes North American rig count report for the latest week will be released at 1:00 p.m. ET.
Data on farm prices for the recent week will be released at 3:00 p.m. ET.
ANALYST RATINGS
Stifel upgraded Facebook (NASDAQ: FB) from Hold to Buy
Morgan Stanley upgraded Acacia Communications (NASDAQ: ACIA) from Underweight to Equal-Weight
Jefferies downgraded Sunoco (NYSE: SUN) from Hold to Underperform
KBW downgraded Oaktree Capital (NYSE: OAK) from Outperform to Market PerformThis is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here.
- [By Lisa Levin]
Friday afternoon, the non-cyclical consumer goods & services sector proved to be a source of strength for the market. Leading the sector was strength from Ballard Power Systems Inc. (USA) (NASDAQ: BLDP) and Sunoco LP (NYSE: SUN).
Hot Bank Stocks To Own For 2018: DIRECTV(DTV)
Advisors’ Opinion:
- [By Christopher Freeburn]
Service disruptions on DirecTV’s (DTV) website temporarily interfered with subscribers’ ability to stream National Football League (NFL) games online for the last two Sundays.
Hot Bank Stocks To Own For 2018: SPDR S&P Biotech ETF (XBI)
Advisors’ Opinion:
- [By ]
More importantly, the SPDR S&P Biotech ETF (NYSE:XBI) has proven resilient during the volatility spike and selloff.
In fact, XBI never closed significantly below its 50-day moving average as investors dumped stocks last week.
- [By ]
And while the big drug companies will experience a significant adjustment, biotech companies, with their focus on long term results and outright cures in some cases, are probably poised to perform. The best way to get invested would be with the Biotech Spider ETF (NYSE: XBI).
- [By ]
More importantly, the SPDR S&P Biotech ETF (NYSE:XBI) has proven resilient during the volatility spike and selloff.
In fact, XBI never closed significantly below its 50-day moving average as investors dumped stocks. That turned out to be a huge tell
- [By ]
In a sea of red, small-cap biotech stocks stood strong during Wednesdays trading session. The SPDR S&P Biotech ETF (NYSE:XBI) finished the day higher by more than 1.25% while the Nasdaq Composite was stuck in the red. XBIs comeback rally that began to materialize just before Christmas is now threatening to break out to new highs.
- [By ]
Remember the SPDR S&P Biotech ETF (NYSE:XBI) chart I showed you Friday? Take a look at this ETF bouncing off its 50-day moving average one more time:
- [By ]
Fast forward 12 months and the SPDR S&P Biotech ETF (NYSE:XBI) is higher by almost 50%. But this rally aint over yet. The beginning of 2018 trading is already flashing a new biotech breakout a move that could cement these stocks as some of the years most explosive market leaders.
Hot Bank Stocks To Own For 2018: SandRidge Permian Trust(PER)
Advisors’ Opinion:
- [By Dustin Parrett]
As a service to our readers, we’ve put together a list of 10 cheap oil stocks under $5. Here are the stocks, share prices, and year-to-date (YTD) returns for each:
Vallourec Sp (OTCMKTS ADR: VLOWY); $1.42; +13.6% YTDIthaca Energy Inc. (TSE: IAE); $1.93; +14.5% YTDSandRidge Permian Trust (NYSE: PER); $3.45; +16.95% YTDGeopark Ltd. (NYSE: GPRK); $5.06; +17.4% YTDGastar Exploration Inc. (NYSEMKT: GST); $1.89; +22.26% YTDAscent Resources Plc. (LON: AST); $2.11; +25.53% YTDErin Energy Corp. (NYSEMKT: ERN); $3.94; +29.1% YTDChesapeake Granite Wash Trust (NYSE: CHKR); $3.25; +38.3% YTDSouthcross Energy Partners LP (NYSE: SXE); $2.27; +68.15% YTDBonanza Creek Energy Inc. (NYSE: BCEI); $2.27; +122.55% YTD
This list of oil stocks contains some highly speculative plays, so we can’t recommend buying them.