Katy Perry is about to get slammed for doing what celebrities have done for decades: shill soft drinks.
On Tuesday, a handful of consumer advocacy groups, including the influential Center for Science in the Public Interest, will run a full-page ad in Variety, the Hollywood trade publication, asking the superstar singer to stop marketing Pepsi to young folks.
ADS: Pro athletes’ ads favor less healthful food, drinks
“It’s a sad story that some of the best-known celebrities in the country are encouraging their young audiences to drink beverages that are bad for their health,” says Michael Jacobson, executive director of the group. “We’re focusing on Katy because she’s so popular with young people.”
The goal: to ultimately make celebs gun-shy about taking on lucrative soft drink endorsement deals. Perry, who is releasing a new album, Prism, is the first celeb in the public sites of the advocacy group. There will be more, says Jacobson.
Top Healthcare Technology Companies To Invest In 2014: Dime Community Bancshares Inc.(DCOM)
Dime Community Bancshares, Inc. operates as the holding company for The Dime Savings Bank of Williamsburgh that provides financial services and loans primarily for multifamily housing. The company accepts various deposit products, including savings accounts, certificates of deposit, money market accounts, interest bearing checking accounts, and non-interest bearing checking accounts. Its loan products comprise multifamily residential mortgage loans, commercial real estate loans, one- to four-family residential mortgage loans, construction and land acquisition loans, and consumer loans. In addition, the company, through its other subsidiaries, involves in the management and ownership of real estate; the sale of non-FDIC insured investment products; and investing in multifamily residential, one to four-family, and commercial real estate loans. As of January 26, 2012, it operated 26 branches located throughout Brooklyn, Queens, the Bronx, and Nassau County, New York. The comp any was founded in 1864 and is headquartered in Brooklyn, New York.
- [By Tim Melvin]
I always find it very interesting to see what long-term investors are selling in a given quarter. Kahn Brothers lightened up on many financials that have shot up and now trade above book value. The firm sold out of Flushing Financial (FFIC), TCF Financial (TCB) and Dime Community Bank (DCOM). Khan apparently shares my views on the large-cap drug stocks, easing up on both Pfizer (PFE) and Bristol Meyers (BMY) over the summer. Khan Brothers also sold the last of the Travelers shares (TRV) it has owned since 2008 at more than twice the purchase price.
Top Healthcare Technology Companies To Invest In 2014: 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.
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Top Healthcare Technology Companies To Invest In 2014: QLogic Corporation(QLGC)
QLogic Corporation engages in the design and supply of storage networking, high performance computing networking, and converged networking infrastructure solutions. It offers various host products, including fiber channel and Internet small computer systems interface (iSCSI) host bus adapters; fiber channel over Ethernet (FCoE) converged network adapters; and intelligent Ethernet adapters. The company also provides network products, which consist of fiber channel switches, including stackable edge switches, bladed switches, virtualized pass-through modules, and high-port count modular-chassis switches; Ethernet pass-through modules; and storage routers for bridging fiber Channel, FCoE, and iSCSI networks, as well as for migrating data between storage devices. In addition, it offers silicon products comprising fiber channel, iSCSI, converged network, and Ethernet controllers. Further, the company involves in the design and development of application-specific integrated circ uits, adapters, and switches based on fiber channel, iSCSI, FCoE, and Ethernet technologies. Its products are used in server, workstation, and storage subsystem solutions that are used by small, medium, and large enterprises with various business data requirements. The company sells its products to original equipment manufacturers and distributors worldwide. QLogic Corporation was founded in 1992 and is headquartered in Aliso Viejo, California.
- [By Sean Williams]
This week’s loser
On the other side of the coin was networking equipment maker QLogic (NASDAQ: QLGC ) , which tanked 4.8% on the week after disclosing that its CEO, Simon Biddiscombe, had resigned on Friday. In the interim, QLogic’s CFO, Jean Hu, will be the acting CEO. Anytime the management of a company changes, it provides a level of uncertainty that’s bound to unnerve investors. I’d urge current shareholders (of which I’m one) to remember that QLogic has been consistently profitable for years, has $5 in net cash per share, and is poised to benefit from higher infrastructure spending. Patience will pay off here!
- [By Eric Volkman]
QLogic (NASDAQ: QLGC ) is soon to become a slimmer company. The firm announced that it will implement a restructuring plan this year, in a move to “streamline business operations with the goal of driving long-term profitable growth.” The effort will include a reduction in employee numbers. QLogic did not say how many jobs might be affected.
- [By Sean Williams]
This week’s winner
It certainly wasn’t a great week for the broad-based S&P 500, which dipped 2.4% over the past five trading sessions. That didn’t seem to matter much to network equipment manufacturer QLogic (NASDAQ: QLGC ) , which added on 3.7% this week following a restructuring plan announcement on Tuesday. The company’s plan involves job cuts and streamlining its operations in order to save $20 million annually. Although it’ll incur some negative impact on its GAAP earnings in the interim, I highly doubt this changes the long-term outlook or consistent profitability that drew me to own QLogic in the first place.
Top Healthcare Technology Companies To Invest In 2014: Unilever PLC(UL)
Unilever PLC operates as a fast-moving consumer goods company in Asia, Africa, Europe, and the Americas. It offers personal care products, including skin care and hair care products, deodorants, and oral care products under the brand names of Axe, Brylcreem, Dove, Fissan, Lifebuoy, Lux, Pond’s, Radox, Rexona, Signal & Close Up, Simple, St Ives, Sunsilk, TRESemm