By Prakash Loungani and Zidong An
Forecasts of real GDP growth attract a lot of media attention. But what matters more to the person on the street is how growth translates into jobs. Unfortunately, the mediocre growth outlook of recent years may lead to a disturbing outlook for jobs, particularly among fuel-exporting countries and in the Latin America and Caribbean region.
The global picture
Chart 1 provides a measure of the global unemployment rate based on data for 116 countries, of which 37 countries are classified as “advanced” (a term used in the IMF’s World Economic Outlook to refer to high-income countries) and the remaining 79 are emerging and developing economies (for brevity, we refer to the group as “emerging economies”).
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Top 5 High Tech Stocks To Buy Right Now: Starwood Hotels & Resorts Worldwide, Inc.(HOT)
Starwood Hotels & Resorts Worldwide, Inc., incorporated on March 27, 1980, is a hotel and leisure company. The Company’s hotel business is focused on the global operation of hotels and resorts primarily in the luxury and upper upscale segments of the lodging industry. The Company manages and operates its hotel business in three hotel segments: the Americas; Europe, Africa and the Middle East (EAME), and Asia Pacific. Its vacation ownership and residential business is a separate segment. The Company conducts its hotel and leisure business both directly and through its subsidiaries. The Company owns Starwood Vacation Ownership, Inc., a provider of vacation experiences through villa-style resorts and access to Starwood brands. The Starwood Preferred Guest (SPG) program is the Company’s traveler, customer loyalty and multi-brand marketing program. This program allows members to earn and redeem points for room stays, room upgrades and airline flights, with no blackout dates. Th e SPG program is rewarding loyalty program in the hospitality industry. The Company also develops, owns and operates vacation ownership resorts, markets and sells the vacation ownership Interests (VOIs) in the resorts and, in many cases, provides financing to customers who purchase such ownership interests.
The Company has approximately 1,297 properties providing over 370,000 rooms in approximately 100 countries. The Company’s hotel business include approximately 1,282 owned, managed or franchised hotels with over 362,300 rooms, comprising 30 hotels that it owns or leases or in which the Company has a majority equity interest, over 610 hotels managed by the Company on behalf of third-party owners and approximately 640 hotels for which it receives franchise fees. The Company’s approximately 30 hotels include The St. Regis, San Francisco; The St. Regis, New York; W New York-Times Square; The Westin Peachtree Plaza, Atlanta; The Westin Maui Resort & Spa, Ka’anapali ; Sheraton Kauai Resort; Sheraton Steamboat Resort; The Trem! ont Chicago Hotel at Magnificent Mile; Park Tower, Buenos Aires; Hotel Goldener Hirsch, Salzburg; The Westin Resort & Spa, Puerto Vallarta; The Westin Resort & Spa, Los Cabos; Sheraton Buenos Aires Hotel & Convention Center; Sheraton Gateway Hotel in Toronto International Airport, and Sheraton Paris Airport Hotel & Conference Centre, among others. In addition, the Company’s vacation ownership and residential business includes approximately 15 stand-alone vacation ownership resorts and residential properties.
The Company’s brands include St. Regis, The Luxury Collection, W, Westin, Le Meridien, Sheraton, Four Points, Aloft, Element and Tribute Portfolio. All brands (other than the Four Points by Sheraton, the Aloft and Element brands) represent full-service properties that range in amenities from luxury hotels to priced hotels. Its Four Points by Sheraton, Aloft and Element brands are select-service properties that cater to consumers.
- [By Lisa Levin]
On Monday, cyclical consumer goods & services shares gained by 0.41 percent. Top gainers in the sector included Kandi Technologies Group Inc (NASDAQ: KNDI), Starwood Hotels & Resorts Worldwide Inc (NYSE: HOT), and Lifetime Brands Inc (NASDAQ: LCUT).
Top 5 High Tech Stocks To Buy Right Now: Raytheon Company(RTN)
Raytheon Company, together with its subsidiaries, provides electronics, mission systems integration, and other capabilities in the areas of sensing, effects, and command, control, communications, and intelligence systems, as well as mission support services in the United States and internationally. It operates in six segments: Integrated Defense Systems, Intelligence and Information Systems, Missile Systems, Network Centric Systems, Space and Airborne Systems, and Technical Services. The Integrated Defense Systems segment provides integrated naval, air, and missile defense and civil security response solutions. The Intelligence and Information Systems segment offers intelligence, surveillance and reconnaissance, advanced cyber solutions, weather and environmental solutions, and information-based solutions for law enforcement and homeland security. The Missile Systems segment develops and produces weapon systems, including missiles, smart munitions, close-in weapon systems, projectiles, kinetic kill vehicles, and directed energy effectors for the armed forces of the U.S. and other allied nations. The Network Centric Systems segment provides net-centric mission solutions, including integrated communications systems, command and control systems, combat systems, and operations and precision components for the U.S. federal, state, and local government customers, as well as civil customers. The Space and Airborne Systems segment designs and develops integrated systems and solutions for missions, including intelligence, surveillance, and reconnaissance; precision engagement; unmanned aerial operations; and space. The Technical Services segment provides training, logistics, engineering, product support, and operational support services for the mission support, homeland security, space, civil aviation, counterproliferation, and counterterrorism markets. Raytheon Company was founded in 1922 and is based in Waltham, Massachusetts.
- [By Chad Tracy]
Raytheon (NYSE: RTN) Raytheon is currently trading at a slightly higher cost, with a P/E ratio of 12 and a P/B ratio of 3. With a yield of 2.7%, the company has an impressive history of raising dividends over the past five years. During the same period, it has reduced its outstanding share count by almost 100 million shares since 2008, to 329 million.
Raytheon's primary strength lies in its international sales. Customers include the United Arab Emirates, Saudi Arabia, Taiwan, Turkey, Oman, Kuwait and India. Overseas sales, which make up about a quarter of total revenue, should help the company lock in profits should domestic spending continue to decline.
Best Paper Stocks To Own Right Now: Discover Financial Services(DFS)
Discover Financial Services, a bank holding company, offers direct banking and payment services in the United States. It operates in two segments, Direct Banking and Payment Services. The Direct Banking segment offers Discover card-branded credit cards to individuals and small businesses that are accepted on the Discover Network. This segment also provides other consumer banking products and services, including personal loans, student loans, and prepaid cards, as well as other consumer lending and deposit products, such as certificates of deposit, money market accounts, online savings accounts, and individual retirement account. The Payment Services segment operates the PULSE network, an automated teller machine, debit, and electronic funds transfer network; the Diners Club International network, a global payments network; and third-party issuing business, which includes credit, debit, and prepaid cards issued on the Discover Network by third parties. The company was found ed in 1986 and is based in Riverwoods, Illinois.
- [By Spencer White]
The analyst believes AmEx has a “less competitive edge” in the volume game, and concluded with a warning to avoid the stock. He recommended that investors looking for transaction or card loan exposure should look to Visa Inc (NYSE: V) and Discover Financial Services (NYSE: DFS), respectively.
- [By Javier Hasse]
The S&P 500 Index closed up 0.08 percent, with Discover Financial Services (NYSE: DFS), up 8.14 percent on its earnings, and Chesapeake Energy Corporation (NYSE: CHK), up 4.82 percent on rising oil prices, having posted the largest gains.
- [By Ben Levisohn]
Synchrony Financial (SYF) tumbled 13% yesterday after the credit-card issuer said it was seeing more bad loans, an announcement that also rocked Discover Financial Services (DFS), Capital One Financial (COF) and American Express (AXP). Jefferies analyst John Hecht and team call the plunge in Synchrony Financial “an attractive entry point”:
Top 5 High Tech Stocks To Buy Right Now: H&R Block, Inc.(HRB)
H&R Block, Inc., through its subsidiaries, provides tax preparation, banking, and other services to the general public primarily in the United States, Canada, and Australia. The company offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or by franchisees; and online tax services, such as tax advice, professional and do-it-yourself (DIY) tax return preparation, and electronic filing services through its Website hrblock.com. It also develops and markets DIY desktop income tax preparation software; and develops and provides applications for mobile devices, which offer tax and related services. In addition, the company provides refund anticipation checks, H&R Block Emerald Advance lines of credit and Prepaid MasterCard, and Peace of Mind Extended Service Plan, Tax Identity Shield, and Cash Back refund discount programs. Further, it offers tradition al retail banking services primarily to its assisted and DIY tax clients. The company was founded in 1946 and is headquartered in Kansas City, Missouri.
- [By Monica Gerson]
Shares of H & R Block Inc (NYSE: HRB) surged over 12 percent on Friday as the company reported better-than-expected results for its fourth quarter and lifted its quarterly dividend to $0.22 per share. H & R Block shares gained 0.29 percent to $24.30 in the after-hours trading session.
Top 5 High Tech Stocks To Buy Right Now: Huntsman Corporation(HUN)
Huntsman Corporation, together with its subsidiaries, manufactures and sells differentiated organic and inorganic chemical products worldwide. The company operates in five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, propylene oxide, polyols, propylene glycol, thermoplastic polyurethane, aniline, and methyl tertiary-butyl ether products, which are used to produce rigid and flexible foams, as well as coatings, adhesives, sealants, and elastomers. The Performance Products segment provides amines, carbonates, surfactants, linear alkyl benzene, maleic anhydride, other performance chemicals, ethylene glycol, olefins, and technology licenses. The Advanced Materials segment offers basic liquid and solid epoxy resins; specialty resin compounds; cross-linking, matting, and c uring agents; and epoxy, acrylic, and polyurethane-based formulations. The Textile Effects segment provides textile chemicals, dyes, and inks. The Pigments and Additives segment offers titanium dioxide, functional additives, color pigments, timber treatment, and water treatment chemicals. The companys products are used in various applications, including adhesives, aerospace, automotive, construction products, personal care and hygiene, durable and non-durable consumer products, electronics, medical, packaging, paints and coatings, power generation, refining, synthetic fiber, textile chemicals, and dye industries. Huntsman Corporation was founded in 1970 and is headquartered in The Woodlands, Texas.
- [By Monica Gerson]
Huntsman (NYSE: HUN) surged 8.05% to $20.68 in the pre-market session after the company announced its plans to buy Rockwood Holdings’ (NYSE: ROC) Performance Additives and Titanium Dioxide businesses for $1.1 billion in cash.
- [By Michael Flannelly]
Due to a number of tailwinds that should benefit Huntsman Corporation (HUN) over the next two years, analysts at Jefferies upgraded the chemical products manufacturer on Monday.
The analysts upgraded HUN from “Hold” to “Buy” and now see shares reaching $26, up from the previous target of $20. This new price target suggests a 35% upside to the stock’s Friday closing price of $19.27.
“Tailwinds into 2014-2015 (butane, new PO/MTBE JV, productivity, better FCF profile, EU footprint), recent relative performance and relative valuation support outperformance into 1H14 even with a neutral resolution on TiO2,” Jefferies analyst Laurence Alexander noted regarding Huntsman Corp.’s future performance.
Huntsman Corporation shares were up 48 cents, or 2.49%, during pre-market trading on Monday. The stock is up 21.19% year-to-date.
- [By Ben Levisohn]
Huntsman (HUN) has gained 2.5% to $19.75 after the chemical company’s shares were raised to Buy from Hold at Jefferies.
Bristol-Myers Squibb (BMY) has advanced 1.9% to $44.37 after the pharmaceutical company’s shares were upgraded to Overweight from Neutral by JPMorgan.