Wells Fargo’s (WFC) financial results disappointed investors but could be good news for PNC Financial Services (PNC), Fifth Third (FITB), KeyCorp (KEY) and Comerica (CMA).
Bloomberg NewsNomura’s Bill Carcache and Yuman Lui explain why:
Loan growth trends were solid. WFC�� total core loan growth came in at 6.9% YoY, up from 5.6% last quarter. Core commercial loan growth accelerated to 8.0% YoY, up from 5.4% last quarter. The strength in WFC�� commercial loan portfolio bodes well for other regional banks, given high C&I growth correlations (i.e., ~80% or higher) with…USB, MTB…RF, and HBAN. Total loan growth correlations also exceed 90% for PNC Financial Services, Fifth Third, KeyCorp, and Comerica. As we��e noted, the R-squared between earning asset growth and NII growth is 98% for regional banks, suggesting that stronger loan growth will lead to positive EPS revisions.
Best Industrial Conglomerate Companies To Own In Right Now: Actions Semiconductor Co. Ltd.(ACTS)
Actions Semiconductor Co., Ltd. operates as a semiconductor company in the People?s Republic of China. The company designs, develops, and markets integrated platform solutions, including system-on-a-chips (SoCs), firmware, software development tools, and reference designs for the manufacturers of portable media players. Its SoCs are integrated circuits that incorporate digital signal processor, a micro controller unit, embedded memory, codec, a power management unit, and other components. The company?s SoCs products also comprise on-chip memory, controllers for color liquid crystal display, and analog components, including digital-to-analog converters, phase lock loops, and USB transceivers. Actions Semiconductor Co., Ltd.?s solution development kits include the embedded firmware code, software tools, and documentation to utilize its SoCs in portable media players. The company?s firmware utilizes an embedded structure design with interface that allows customers to pick and choose functionalities and add new device drivers. Its manufacturing software tools also allow its customers in the mass production of products based on its turnkey process. The company?s reference designs consist of detailed specifications of other required components and references, which allow customers to assemble a portable media player. Actions Semiconductor Co., Ltd. also offers semiconductor product testing services. The company sells its integrated platform solutions directly, as well as through distributors to portable media player manufacturers, brand owners, and value-added distributors in China and internationally. Actions Semiconductor Co., Ltd. was founded in 1999 and is headquartered in Zhuhai, the People?s Republic of China.
Advisors' Opinion:- [By Lisa Levin]
Actions Semiconductor Co (NASDAQ: ACTS) rose 13.21% to $2.40 after the company reported Q2 results and announced that it expects to commence a Dutch auction tender offer for its ordinary shares.
- [By Seth Jayson]
When judging a company's prospects, how quickly it turns cash outflows into cash inflows can be just as important as how much profit it's booking in the accounting fantasy world we call "earnings." This is one of the first metrics I check when I'm hunting for the market's best stocks. Today, we'll see how it applies to Actions Semiconductor (Nasdaq: ACTS ) .
Hot Regional Bank Stocks To Watch For 2014: Kinder Morgan Management LLC (KMR)
Kinder Morgan Management, LLC is a limited partner in Kinder Morgan Energy Partners, L.P (KMP), and manages and controls its business and affairs pursuant to a delegation of control agreement. Kinder Morgan G.P., Inc., of which Kinder Morgan, Inc. indirectly owns all of the outstanding common equity, is the general partner of Kinder Morgan Energy Partners, L.P. (KMP). Kinder Morgan G.P., Inc., pursuant to a delegation of control agreement among the Company, Kinder Morgan G.P., Inc. and KMP, has delegated to the Company, to the fullest extent permitted under Delaware law and KMP�� limited partnership agreement, all of its rights and powers to manage and control the business and affairs of KMP, subject to the general partner�� right to approve specified actions.
KPM is a pipeline limited partnerships in the United States. KMP owns an investment in or operates approximately 28,000 miles of pipelines and 180 terminals. Its pipelines transport products, such as natural gas, crude oil, gasoline, and CO2, and its terminals store petroleum products and chemicals and handle materials like coal. Almost all of Kinder Morgan assets are owned by KMP, KMP operates in five business segments : Natural Gas Pipelines, Products Pipelines, CO2, Terminals and Kinder Morgan Canada.
Kinder Morgan is a transporter and marketer of carbon dioxide in North America. It delivers approximately 1.3 billion cubic feet per day of CO2 through about 1,300 miles of pipelines. It is an oil producer in Texas, producing over 55,000 barrels of oil per day at the SACROC Unit and the Yates Field in the Permian Basin. In addition to CO2 pipelines and oil producing fields, this business segment owns interests in and operates CO2 source fields, natural gas and gasoline processing plants, and a crude oil pipeline. Kinder Morgan owns and operates approximately 24,000 miles of gas pipelines in the Rocky Mountains, the Midwest and Texas. Through its Products Pipelines business unit, it transports over two million barre! ls per day of gasoline, jet fuel, diesel, natural gas liquids and other fuels through more than 8,000 miles of pipelines. The Company also has approximately 50 liquids terminals in this business segment that store fuels and offer blending services for ethanol and other products.
Kinder Morgan have more than 180 terminals that store petroleum products and chemicals, and handle bulk materials like coal, petroleum coke and steel products. Kinder Morgan operates a number of pipeline systems and terminal facilities in Canada including the Trans Mountain pipeline, the Express and Platte pipelines, the Cochin pipeline, the Puget Sound and the Trans Mountain Jet Fuel pipelines, the Westridge marine terminal, the Vancouver Wharves terminal in British Columbia and the North Forty terminal in Edmonton, Alberta.
Advisors' Opinion:- [By David Dittman]
Kinder Morgan Management (KMR), which manages KMP, is up 30.1 percent, while El Paso Pipeline (EPB) is up 26.3 percent. And Kinder Morgan Inc (KMI) is up 14.2 percent.
Hot Regional Bank Stocks To Watch For 2014: USell.com Inc (USEL)
usell.com, Inc. (uSel), formerly known as Upstream Worldwide, Inc., incorporated on November 18, 2003, is a technology-based company. The Company focuses on creating an online marketplace where individuals interested in selling small consumer electronics.
The Company through its wholly owned subsidiaries helps individuals monetize household items. Household items, such as small consumer electronics that they no longer using.
The Company competes with eBay.com, craigslist.com and BestBuy, Inc.
Advisors' Opinion:- [By EquityOptionsGuru]
Over the past decade, online marketplaces have been springing up at a rapid fire pace.� Consumers continue to seek new outlets to both buy and sell products at reasonable prices with high efficiency.� This need can be seen in the re-commerce industry, which represents an annual market of $57 billion.� Although eBay (NASDAQ: EBAY) has been the dominant player for the better part of a decade, it is facing increasing pressure from other marketplaces for cost and convenience reasons.� One such marketplace, uSell.com (OTC PINK: USEL), appears poised to rival eBay for years to come.
Hot Regional Bank Stocks To Watch For 2014: Servotronics Inc.(SVT)
Servotronics, Inc., together with its subsidiaries, engages in the design, manufacture, and marketing of technology and consumer products primarily in the United States. It operates in two segments, Advanced Technology Group (ATG) and Consumer Products Group (CPG). The ATG segment designs, manufactures, and markets various servo-control components that convert an electrical current into a mechanical force or movement, and other related products. Its servo-control components include torque motors, electromagnetic actuators, hydraulic valves, pneumatic valves, and similar devices that are principally sold to commercial aerospace, missile, aircraft, government related, medical, and industrial markets. This segment also produces metallic seals in various cross-sectional configurations that are used to fit between two metal surfaces to produce a secure and leak-proof joint. The ATG segment markets its products primarily through its professional staff to the United States Govern ment, government prime contractors, government subcontractors, commercial manufacturers, and end users. The CPG segment designs, manufactures, and sells various cutlery products, including steak, carving, bread, butcher, and paring knives for household use and for use in restaurants, institutions, and private industry; pocket and other types of knives for use in hunting, fishing, and camping; and machetes, bayonets, and other types of knives for military use. This segment also produces and markets other cutlery items, such as specialty tools, putty knives, linoleum sheet cutters, field knives, and other edged products. The CPG segment markets its products through sales personnel and independent manufacturers? representatives to hardware, supermarket, variety, department, discount, gift, and drug stores, as well as to various branches of the United States Government primarily under the ?Old Hickory? and ?Queen? brand names. Servotronics, Inc. was founded in 1959 and is based in Elma, New York.
Advisors' Opinion:- [By Sofia Horta e Costa]
Severn Trent Plc (SVT) advanced 2.5 percent to 2,070 pence, snapping four days of losses. Borealis Infrastructure Management Inc. and its partners boosted their offer to acquire the water utility to 5.3 billion pounds ($8.2 billion).
- [By Sarah Jones]
Societe Generale SA, Barclays Plc and Deutsche Bank AG led a selloff in banks, with each falling more than 2 percent. Severn Trent Plc (SVT) sank the most since October 2006 after a consortium of investors dropped their bid for the water utility. Kabel Deutschland Holding AG jumped 8.2 percent after Vodafone Group Plc confirmed it approached the company about a takeover.
Hot Regional Bank Stocks To Watch For 2014: RWE AG (RWE)
RWE AG is a Germany-based electricity and gas company. It diversifies its activities into seven divisions: Germany, which consists of the Power Generation and Sales and Distribution Networks business area; Netherlands/Belgium; Great Britain; The Central Eastern and South Eastern Europe; Renewables; Upstream Gas and Oil, and Trading/Gas Midstream. Under the Netherlands/Belgium division it reports on wholly owned Essent, which provides gas, electricity, heat and energy services. The United Kingdom division represents RWE npower; The Central Eastern and South Eastern Europe division covers its subsidiaries in Poland, Hungary, the Czech Republic, Turkey and Slovakia. The Renewables division comprises all of the activities of RWE Innogy, which specializes in electricity and heat generation from renewables. The Upstream Gas & Oil division produces gas and oil through RWE Dea. The Trading/Gas Midstream division encompasses energy trading, gas midstream activities, and sales to German clients. Advisors' Opinion:- [By Jonathan Morgan]
RWE AG (RWE), Germany�� second-largest utility, slipped 2.4 percent after RBC Capital Markets cut its recommendation on the stock. Lufthansa followed its European peers higher, recovering some of its Aug. 2 selloff. Xing AG (O1BC), the business social network, jumped the most since October as Deutsche Bank AG (DBK) upgraded its rating on the shares.
- [By Jonathan Morgan]
RWE AG (RWE) jumped 6.4 percent, leading a gauge of utilities higher. Deutz AG (DEZ) plunged the most in more than two years after an investor sold a 8.4 percent stake in the manufacturer of diesel engines. ProSiebenSat.1 Media AG (PSM) dropped 1.1 percent after Telegraaf Media Groep NV sold its stake in the company.
Hot Regional Bank Stocks To Watch For 2014: Brooks Macdonald Group PLC (BRK)
Brooks Macdonald Group plc is an integrated wealth management group, consists of three principal companies: Brooks Macdonald Asset Management Limited; Brooks Macdonald Financial Consulting Limited, which provides a bespoke, fee based, investment management service to private high net worth individuals, charities and trusts, and also provides in-house custody, nominee and dealing services; Brooks Macdonald Funds Limited, which provides fee-based, independent advice to high net worth individuals, families and businesses, and Brooks Macdonald Financial Consulting Limited, which acts as fund manager to its regulated open ended investment Companies, under the name Brooks Macdonald Funds, as well as providing specialist funds in the property and structured return sectors. It also manages property assets on behalf of the funds and other clients. Its segments include investment management, financial planning, and fund and property management. On July 1, 2012, it acquired JPAM Limited. Advisors' Opinion:- [By Bob Bogda]
The track record of the annual list is equally as impressive. Since the inaugural edition in 2003, "top stocks" have beaten the market 7 out of 10 years (the jury is still out on the current year). That beats the performance of Warren Buffett's Berkshire Hathaway (NYSE: BRK) by one year during the same span.
Hot Regional Bank Stocks To Watch For 2014: Hewlett-Packard Company(HPQ)
Hewlett-Packard Company and its subsidiaries provide products, technologies, software, solutions, and services to individual consumers and small- and medium-sized businesses (SMBs), as well as to the government, health, and education sectors worldwide. Its Personal Systems Group segment offers commercial personal computers (PCs), consumer PCs, workstations, calculators and other related accessories, and software and services for the commercial and consumer markets. The company?s Services segment provides consulting, outsourcing, and technology services to infrastructure, applications, and business process domains. Its Imaging and Printing Group segment provides consumer and commercial printer hardware, supplies, media, and scanning devices, such as inkjet and Web solutions, laser jet and enterprise solutions, managed enterprise solutions, graphics solutions, and printer supplies. The company?s Enterprise Servers, Storage, and Networking segment offers industry standard s ervers, business critical systems, storage platforms, and networking products, including switches, routers, wireless LAN, and TippingPoint network security products. Its HP Software segment provides enterprise IT management software, information management solutions, and security intelligence/risk management solutions. The company?s HP Financial Services segment offers leasing, financing, utility programs, and asset recovery services; and financial asset management services for enterprise customers, as well as specialized financial services to SMBs, and educational and governmental entities. Hewlett-Packard Company also provides business intelligence solutions that enable businesses to standardize on consistent data management schemes, connect and share data across the enterprise, and apply analytics, as well as licenses its specific technology to third parties. The company was founded in 1939 and is headquartered in Palo Alto, California.
Advisors' Opinion:- [By Quoth the Raven]
First, It was reported Tuesday morning that Bank of America, along with Alcoa (AA) and HP (HPQ) were going to be replaced in the Dow Jones Industrial Average. Yahoo reported:
- [By Dan Caplinger]
But beneath the Dow's calm advance, there's a battle going on. Yesterday the Dow's tech stocks advanced sharply, with investors questioning whether their beaten-down valuations had too harshly penalized big technology companies for their growth challenges. Yet this morning IDC reported that PC shipments fell by 14% -- the worst quarter ever in the nearly 20 years that IDC has given data for the industry. That sent Hewlett-Packard (NYSE: HPQ ) down more than 6% and Intel (NASDAQ: INTC ) falling 2.5%, as both companies continue to rely on PCs for a big portion of their business despite their attempts to diversify their exposure into more promising areas.
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