Birds of a feather flock together. And that adage was on display today as the Big Four banks struggled to maintain their altitude. But by the end of trading, one stood out among the flock and closed in positive territory -- Wells Fargo (NYSE: WFC ) . Warren Buffett's favorite stock was light on news today, but still felt the sting of an uncertain market's attitude toward the banks. Though it spent the majority of the day in the red, Wells broke through the loss to a modest 0.44% gain by closing.
Going with the crowd
There were a few sound bites that took bank stocks down today, first being continued drops in the Japanese and other Asian markets. As we learned in the past weeks, Asian market weakness is a concern for bank investors. With Citigroup (NYSE: C ) generating nearly 20% of its revenue in Asian operations, it is more exposed to the slowing economies of that market than any other bank. Both Bank of America (NYSE: BAC ) and JPMorgan (NYSE: JPM ) have Asian segments as well, but their total revenue is only reliant on that area for 4% and 6%, respectively.
5 Best Managed Healthcare Stocks To Buy For 2015: Wells Fargo Advantage Income Opportunities Fund (EAD)
Evergreen Income Advantage Fund (the Fund) is a diversified closed-end management investment company. The primary investment objective of the Fund is to seek a high level of current income.
During the fiscal year ended April 30, 2005, the Fund's investment portfolio included Marquee Holdings, Inc., Mediacom LLC, American Achievement Corp., CSK Auto, Inc., Oxford Industries, Inc., B&G Foods Holdings Corp. and Chiquita Brands International, Inc.
Advisors' Opinion:- [By Jim Jubak]
Precision Castparts' impressive growth in the June quarter was largely a result of acquisitions. Organic sales growth year over year came to just 2%. Most of the time I don't like growth stocks that are fueled by acquisition since these deals can hide the true (frequently negative) trend in core sales and earnings growth. But in the case of Precision Castparts, an acquisition strategy makes sense to me, because it is a reflection of what's going on in the aerospace sector. Companies like Boeing (BA) and Airbus (EAD) are looking to simplify their supply chain and to deal with fewer suppliers. Rolling up part of the supply chain under one roof, which is what Precision Castparts is doing right now, is a way to gain a bigger share of the business of these big end customers.
Best Japanese Stocks To Watch For 2014: IRSA Inversiones Y Representaciones S.A. (IRS)
IRSA Investments and Representations Inc., through its subsidiaries, engages in a range of diversified real estate investment and related activities in Argentina. The company is involved in the acquisition, development, and operation of shopping centers, offices, and other non-shopping center properties primarily for rental purposes; development and sale of residential properties; acquisition and operation of luxury hotels; and acquisition of undeveloped land reserves for future development purpose. It also engages in consumer financing activities, including credit card products to its consumers at shopping centers, hypermarkets, and street stores. IRSA Investments and Representations, Inc. was founded in 1943 and is headquartered in Buenos Aires, Argentina.
Advisors' Opinion:- [By Garrett Cook]
In trading on Wednesday, financial shares were relative laggards, down on the day by about 0.24 percent. Top losers in the sector included IRSA Investments and Representations (NYSE: IRS), down 3.2 percent, and OceanFirst Financial (NASDAQ: OCFC), off 2.5 percent.
Best Japanese Stocks To Watch For 2014: Blackrock Enhanced Equity Dividend Trust (BDJ)
BlackRock Enhanced Dividend Achievers Trust (the Trust) is a diversified closed-end management investment company. The Trust�� primary investment objective is to seek current income and current gains, with a secondary objective of long-term capital appreciation. The Trust seeks to achieve these objectives by investing in common stocks that pay above average dividends and have the potential for capital appreciation and by utilizing an option writing strategy to enhance distributions paid to the Trust�� shareholders.
Under normal market conditions, the Trust will invest at least 80% of its total assets in common stocks that are included in the universe of common stocks of issuers, which Mergent has determined are Dividend Achievers and options with exposure to such stocks. From time to time, the Trust may invest up to 20% of its total assets in investments without exposure to the Dividend Achievers universe. As part of its investment strategy, the Trust intends to employ a strategy of writing (selling) covered call and put options on individual common stocks, indices of securities, sectors of securities and baskets of securities.
Advisors' Opinion:- [By Robert Hsu]
Name Type of Security� Recommendation� Kinder Morgan Energy Partners L.P. (NYSE: KMP) � MLP August 15, 2013� TeeKay LNG Partners L.P.� (NYSE: TGP) � MLP September 16, 2013� PowerShares S&P 500 BuyWrite Portfol ETF� (NYSE Arca: PBP)� Buy-Write ETF September 30, 2013� Madison Covered Call Equity Strtgy Fd (NYSE: MCN)� Buy-Write ETF September 30, 2013� Nuveen Equity Premium Opportunity Fund (NYSE: JSN)� Buy-Write ETF September 30, 2013� BlackRockEnhanced Dividend Achievers Tr (NYSE: BDJ)� Buy-Write ETF September 30, 2013� Vornado Realty Trust � (NYSE: VNO)� Real Estate
Investment
Trust September 26, 2013�Robert Hsu is the editor of Permanent Wealth Investor and a former hedge fund portfolio manager at Wall Street powerhouse Goldman Sachs. He retired from Goldman at age 31. He since has come out of retirement to establish and preside over his money management firm, Absolute Return Capital Advisors. His retirement experience has given him his current mission: helping investors like you achieve their goal of comfortable retirement through profitable income strategies.
- [By Robert Hsu]
Here are four to consider:
PowerShares S&P 500 BuyWrite ETF (PBP), yielding 4.09%
Madison/Claymore Covered Call & Equity Strategy (MCN), yielding 8.94%
Nuveen Equity Premium Opportunity Fund (JSN), yielding 9.19%
BlackRock Enhanced Dividend Achievers (BDJ), yielding 7.39%
The yield on these funds is very attractive. Even more attractive is the fact that many buy-write funds actually are selling at a discount to their net asset value.
Best Japanese Stocks To Watch For 2014: Tumi Holdings Inc (TUMI)
Tumi Holdings, Inc. (Tumi), incorporated in September 2004, offers a range of travel and business products and accessories in various categories. The Company designs its products for, and markets its products to, professionals, travelers and individuals. As of December 31, 2011, the Company distributed its products worldwide in over 70 countries through approximately 1,600 points of distribution. The Company sells its products worldwide to consumers through both direct and indirect channels and manages its business through four operating segments: Direct-to-Consumer North America, Direct-to-Consumer International, Indirect-to-Consumer North America and Indirect-to-Consumer International.
Tumi utilizes an array of channels, including retail, wholesale and e-commerce. The Company�� retail stores are located in retail venues worldwide, including New York, San Francisco, Chicago, Paris, London, Rome, Tokyo, Munich, Moscow, Milan and Barcelona. The Company designs its products in its United States design studios. The Company sells its products directly to consumers through a worldwide network of approximately 100 company-owned locations, consisting of full-price stores located in retail malls or street venues, outlet stores in outlet malls and its e-commerce Websites. During the year ended December 31, 2011, Direct-to-Consumer sales consisted approximately 48% of its net sales.
The Company sells its products indirectly to consumers through various channels that include partner stores (wholesale accounts operated by local distributors or retailers that carry only Tumi products), its worldwide wholesale distribution network of specialty luggage retailers, department stores and business-to-business channels, retail concessions within department stores and third-party e-commerce sites, such as Amazon.com, Zappos.com. Indirect-to-Consumer sales consisted of approximately 52% of its net sales during 2011. Tumi offers travel and business products, as well as accessories. Travel produc! ts include wheeled and soft carry-on luggage, garment bags, totes, duffels, wheeled packing cases and travel kits. Business products include business cases, day bags and totes. Its accessories include agendas and planners, passport cases, umbrellas and travel accessories, such as electric current adapters, key fobs, packing accessories, toiletry kits and foldable travel totes. Its accessories also include belts, outerwear and sunglasses and eyewear.
Direct-to-Consumer North America
The Company sells its products directly to consumers through a network of 83 company-owned retail stores consisting of full-price stores and outlet stores located in retail malls or street venues. It also sells its product directly to consumers through its e-commerce Website.
Direct-to-Consumer International
As of December 31, 2011, the Company sold directly to consumers through a network of 14 company-owned full-price and outlet stores in street venues and select malls in international locations. It also sells its products directly to consumers through its two international e-commerce Websites.
Indirect-to-Consumer North America
As of December 31, 2011, the Company sold to wholesale customers in North America through approximately 700 doors, including specialty luggage retailers, department stores and business-to-business channels. Many of its wholesale customers also operate their own e-commerce Websites through which it sells. The Company�� products are also sold in partner stores operated by local distributors or retailers that carry only Tumi products.
Indirect-to-Consumer International
The Company sells its products to wholesale customers through approximately 800 doors, approximately 59% of which are in the Europe, Middle East and Africa region, 39% of which are in the Asia-Pacific region, and 2% of which are in the Central and South America region. It has distribution channels in Australia, China, Europe, Hong Kon! g, the Mi! ddle East, South Africa, South Korea, Southeast Asia and Taiwan. Its products are also sold in partner stores operated by local distributors or retailers that carry only Tumi products. The Company also operates concessions in department stores throughout Europe and the Middle East. Many of its wholesale customers also operate their own e-commerce Websites through which they sell its products.
Tumi competes with Rimowa, Samsonite, Bally, Burberry, Dunhill, Ferragamo, Gucci, Louis Vuitton, Montblanc, Porsche, Prada, Victorinox, Briggs and Riley, Mandarina Duck, Piquadro, Porter, Ace Brand, and Coach.
Advisors' Opinion:- [By Michael Lewis]
Luxury luggage brand Tumi (NYSE: TUMI ) , a little more than one year since its IPO, has failed to achieve much in the way of capital appreciation. The company came out of the gates with a rich valuation, heavily influenced by the then-recent success of other high-line brands such as Michael Kors. Tumi is growing, and will continue to grow -- much of its performance (or lack thereof) in the market has been the typical story of overvaluation and overhype. In the just-released earnings, there is plenty of evidence of a fundamentally strong company with a long runway for growth, even if Wall Street analysts were expecting a little more. With a long-term mind-set, is Tumi a good stock?
- [By Luke Jacobi]
Tumi Holdings (NYSE: TUMI) was also up, gaining 6.09 percent to $20.55 after the company signed a licensing agreement with David Peyser Sportswear.
Best Japanese Stocks To Watch For 2014: Moody's Corporation(MCO)
Moody?s Corporation, through its subsidiaries, provides credit ratings; credit and economic related research, data, and analytical tools; risk management software; and quantitative credit risk measures, credit portfolio management solutions, training, and financial credentialing and certification services worldwide. Its Moody?s Investors Service segment publishes credit ratings on debt obligations, including various corporate and governmental obligations, structured finance securities, and commercial paper programs, as well as the entities that issue such obligations in markets worldwide. This segment provides ratings in approximately 110 countries. Its ratings are disseminated via press releases to the public through print and electronic media, including the Internet and real-time information systems, which is used by securities traders and investors. As of December 31, 2010 this segment had ratings relationships with approximately 11,000 corporate issuers and approximate ly 22,000 public finance issuers. It also rated and monitored ratings on approximately 102,000 structured finance obligations. The company?s Moody?s Analytics segment develops products and services that support the risk management activities of institutional participants in financial markets. It also distributes investor-oriented research and data, including research on debt issuers, industry studies, and commentary on topical events developed by MIS as part of its rating process. In addition, this segment provides economic research, and credit data and analytical tools, such as quantitative credit risk scores; economic and regulatory capital risk management software and implementation services; and quantitative credit risk measures, credit portfolio management solutions, training, and financial credentialing and certification services. It serves approximately 4,100 institutions in approximately 115 countries. The company was founded in 1900 and is headquartered in New York, New York.
Advisors' Opinion:- [By Alanna Petroff]
Moody's (MCO) explained that the Japanese company was facing extreme pressure in its TV and PC units, due to "intense global competition, rapid changes in technology, and product obsolescence."
- [By Laura Brodbeck]
Friday
Earnings Expected From: Bristol-Myers Squibb Company (NYSE: BMY), Colgate-Palmolive Company (NYSE: CL), Cabot Oil & Gas Corporation (NYSE: COG), Ford Motor Company (NYSE: F), Ericsson (NASDAQ: ERIC), Moody’s Corporation (NYSE: MCO), Procter & Gamble Company (NYSE: PG), Shire plc (NASDAQ: SHPG) Economic Releases Expected: German consumer confidence, Italian retail sales, British GDP, U.S. new home salesPosted-In: Earnings News Previews Top Stories Economics Pre-Market Outlook Markets Trading Ideas Best of Benzinga
Best Japanese Stocks To Watch For 2014: Cadiz Inc.(CDZI)
Cadiz Inc. engages in the acquisition and development of land and water resources in the United States. It focuses on water resource, agricultural, and solar energy development operations. The company owns approximately 35,000 acres of land in the Cadiz and Fenner valleys of eastern San Bernardino County; and approximately 10,800 additional acres in the eastern Mojave Desert, including the Piute and Danby Lake properties. It also engages in the cultivation of lemons, grapes/raisins, and spring and fall plantings of vegetables. Cadiz Inc. was founded in 1983 and is based in Los Angeles, California.
Advisors' Opinion:- [By James E. Brumley]
At first glance, today's action from Cadiz Inc. (NASDAQ:CDZI) just looks like a little bad luck, or a well-deserved break following a very strong, uninterrupted runup. The longer one looks at CDZI, however, the more red flags start to wave... red flags suggesting a substantial pullback may have just begun.
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