Gold traders are the most bullish since before the bear market began two months ago after a retreat in equities from an almost five-year high and a weakening dollar spurred demand for bullion.
Nineteen analysts surveyed by Bloomberg expect prices to rise next week, with eight bearish and six neutral, the largest proportion of bulls since March 22. Global stocks that rose to the highest since June 2008 on May 22 reached a six-week low yesterday amid mounting speculation about whether the Federal Reserve will taper stimulus. The U.S. Dollar Index, a measure against six currencies, slipped to the lowest in three months.
Weekly sales of gold held through exchange-traded products are poised for the second-lowest level since March after the value of holdings slumped by about $45 billion this year. The start of the bear market in April spurred a surge in demand for coins and jewelry, with the U.S. Mint saying June 5 that its sales may be a record this year. Demand has been so great in India, the biggest buyer, that the government is curbing imports to ease the nation�� current-account deficit.
Top Dow Dividend Stocks To Watch Right Now: First Interstate BancSystem Inc.(FIBK)
First Interstate BancSystem, Inc. operates as the bank holding company for First Interstate Bank that provides commercial and consumer banking services. Its deposit products include checking, savings, time, and demand deposits; and repurchase agreements primarily for commercial and municipal depositors. The company?s loan portfolio consists of a mix of real estate, consumer, commercial, agricultural, and other loans, including fixed and variable rate loans. Its real estate loans comprise commercial real estate, construction, residential, agricultural, and other real estate loans. The company also provides a range of trust, employee benefit, investment management, insurance, agency, and custodial services to individuals, businesses, and nonprofit organizations. These services include the administration of estates and personal trusts; management of investment accounts for individuals, employee benefit plans, and charitable foundations; and insurance planning. It serves indi viduals, businesses, municipalities, and other entities in various industries, including energy, healthcare and professional services, education and governmental services, construction, mining, agriculture, retail and wholesale trade, and tourism. The company operates 72 banking offices in 42 communities located in Montana, Wyoming, and western South Dakota. First Interstate BancSystem, Inc. was incorporated in 1971 and is headquartered in Billings, Montana.
Advisors' Opinion:- [By Zacks]
Some better-ranked Midwest banks include First Interstate Bancsystem Inc. (NASDAQ: FIBK), Wintrust Financial Corporation (NASDAQ: WTFC) and PrivateBancorp, Inc. (NASDAQ: PVTB). All these stocks carry a Zacks Rank #1 (Strong Buy).
Top Dow Dividend Stocks To Watch Right Now: ONEOK Inc.(OKE)
ONEOK, Inc., a diversified energy company, operates as a natural gas distributor primarily in the United States. The company operates in three segments: ONEOK Partners, Distribution, and Energy Services. The ONEOK Partners segment engages in gathering, processing, fractionating, transporting, storing, and marketing natural gas and natural gas liquids (NGL) principally in the Mid-Continent and Rocky Mountain regions, which include Anadarko Basin of Oklahoma, Fort Worth Basin of Texas, Hugoton and Central Kansas Uplift Basins of Kansas, Williston Basin of Montana, and North Dakota and the Powder River Basin of Wyoming. This segment offers its services to oil and gas production companies; natural gas gathering and processing companies; petrochemical, refining, and NGL marketing companies; Local distribution companies (LDCs) and power generating companies; and natural gas marketing and NGL gathering companies, and propane distributors. The Distribution segment provides natural gas distribution services to residential, commercial, industrial, and transportation customers, as well as public authority customers, such as cities, governmental agencies, and schools in Oklahoma, Kansas, and Texas. The Energy Services segment delivers physical natural gas products and risk management services through its network of contracted transportation and storage capacity, and natural gas supply. This segment?s customers primarily comprise LDCs, electric utilities, and industrial end users. The company was founded in 1906 and is headquartered in Tulsa, Oklahoma.
Advisors' Opinion:- [By Dividend Monk]
Oneok Inc. (OKE) is a natural gas utility company that owns the General Partner of Oneok Partners LP (OKS).
Seven Year EPS Growth Rate: 4.1%Seven Year Dividend Growth Rate: 12.6%Current Dividend Yield: 2.80%Balance Sheet Strength: Investment GradeOverviewI published a stock report last week on Oneok Partners LP, which is a relatively large natural gas and NGL master limited partnership. In the article, I stated that quantitatively and qualitatively, it appears to be a strong investment with a great combination of yield and growth.
- [By Marc Bastow]
Diversified energy services company Oneok (OKE) raised its quarterly dividend 40% to 56 cents per share.
Payout Date: May 15
Ex-Dividend Date: April 28
OKE Dividend Yield: 3.67% - [By Alex Planes]
Natural gas company ONEOK (NYSE: OKE ) led the hit parade with a big 25.5% pop after announcing its plans to spin off its natural gas utility distribution business at some point early next year. The new company, to be called One Gas, will have a two-million-customer network throughout Oklahoma, Kansas, and Texas. By spinning off this business, ONEOK hopes to appeal to yield seekers, as it can now boost its dividend once it becomes a pure-play pipeline partnership company. The utility spinoff also has the added bonuses of debt reduction and greater free cash flow for ONEOK, which will generate an estimated $1.1 billion to $1.2 billion from the spinoff. Freed of the cash-hungry utility segment, ONEOK could become a highly competitive high-yield stock for energy investors.
Top 5 Bank Stocks To Own For 2015: Vistaprint NV (VPRT)
Vistaprint N.V., incorporated on June 5, 2009, is an online provider of coordinated portfolios of customized marketing products and services to micro businesses worldwide. The Company offers a range of brand identity and promotional products, marketing services and digital solutions. While the Company focuses on micro business marketing products and services, consumers also purchases its products, such as invitations and announcements, greeting cards, photo books and calendars. Customers visiting the Company's Websites can select the type of product they wish to design from its range of available products and services for the business and home and family markets, including paper based, non-paper based, and digital and marketing services. Paper based products include brochures, business cards, data sheets, desk and wall calendars, envelopes, flyers, folded business cards, folded cards, holiday cards, and invitations and announcements. Its non-paper based products include banners, bottle openers, calculators, car door magnets, decals, drink koozies, embroidered apparel, hats, iphone cases, key chains, lawn signs, letter openers and luggage tags. Its digital and marketing services include blogs, custom Facebook pages, design tools and content, e-mail marketing services and logos.
When a product type has been selected, the customer can initiate the design process by using the Company's predefined industry styles and theme categories, by entering one or more keywords in its image search tool, or by uploading the customer's own design. If the customer chooses to do a keyword search, the Company's automated design logic will, in real time, create and display to the customer a variety of product templates containing images related to the customer's keyword. When the customer chooses a particular template for personalization, the Company's user-friendly, browser-based application enables the customer to quickly and easily perform a wide range of design and editing functions on the selected design,! for example, cropping images or entirely replacing images with other images or uploading customer images or logos.
Once customers choose a pre-designed template or upload their own content for a product, they can instantly see what their design looks like on a range of other Vistaprint products and related services, including signage, Websites and e-mail marketing, business identity, direct mail services, apparel and promotional gifts. Customers who need help with their design or ordering process are able to reach the Company's customer service agents through phone, e-mail, and chat. The Company has six customer service facilities: Montego Bay, Jamaica; Berlin, Germany; the Hague, the Netherlands; Tunis, Tunisia; Sydney, Australia; and Mumbai, India. These centers provide phone, email and chat support for customers who speak English, Dutch, German, French, Italian, Spanish, Portuguese, Polish, Czech, Swedish, Norwegian, Finnish, Danish, Turkish, Japanese and Hindi. Using the Company's design software applications, combined with voice over Internet protocol telephone transmission technology and call center management tools, its agents and designers provide customer service. Customers purchasing products check out either through a standard e-commerce self-service shopping basket or by providing their order and payment information through telephone to one of the Company's service agents.
The Company's design creation technologies enable customers, by themselves or together with the assistance of the Company's design support staff, to design and create marketing materials from their homes or offices. The Company's document model architecture and technology employs Internet-compatible data structures to define, process and store product designs as a set of separately searchable, combinable and modifiable component elements. The Company's auto-matching design software generates customized product designs in real-time based on key-word searches. VistaStudio is the Company's product ! design an! d editing software suite, which is downloaded to its customer's computer from its server and runs in the customer's browser. This browser-based software provides real-time client-side editing capabilities. A range of layouts, color schemes and fonts are provided and a selection of photographs and illustrations are available for use by customers in product design. Customers can also upload their own images and logos for incorporation into their product designs. The Company's Internet-based, remote, real-time, co-creativity and project management application and database enables customers and the Company's design agents to design a product across the Internet in real-time, while engaging in voice communication.
Albumprinter Downloadable and Online Editors enable the creation of a range of photo products, such as calendars, canvas prints, and greeting cards through an intuitive user interface. These editors allow the Company's customers the choice of creating their personalized products on their own computer or utilizing their preferred browser and enable functionality, such as auto generated layouts, creation of content, and font selection. Features available to the Company's customers include adding personal images, maps, electronic payment processing, downloadable files and contact forms. Pagemodo offers small businesses to create a professional looking custom Facebook page. Pagemodo allows customers to select from a range of templates to create custom tabs for their Fanpage, including welcome tabs, lead capture tabs and video tabs. Pagemodo also offers a template driven cover image designer, which lets customers create cover images for their Facebook pages through a simple click and edit interface.
The Company's pre-production and production technologies process and aggregate customer orders, prepare orders for high-quality production and manage production, addressing and shipment of these orders. DrawDocs is the Company's automated pre-printing press technology that prepares ! customer ! documents received over the Internet for high-resolution printing. The Company's VistaBridge technology allows the Company to store and process. The Company's aggregation software scans these pending jobs and analyzes a range of production characteristics, including quantity, type and format of raw material, color versus black and white, single or double-sided print, delivery date, shipping location, type of production system being used and type of product. For printed products, the VistaBridge software then automatically aggregates orders with similar production characteristics from multiple customers into a single document image that is transferred to either a digital press or to an automated plating system that produces offset printing plates. Viper is the Company's workflow and production management software for tracking and managing its global production facilities on a networked basis. Viper monitors and manages bar-code driven production batch and order management, pick and pack operations, and addressing and shipping of orders.
The Company uses its marketing technologies to generate and display additional products incorporating the customer's initial designs, facilitating the cross-sale of related products and services. VistaMatch Software generates and displays one or more additional customized product designs based upon a customer's existing design. Design elements and customer information are automatically transferred to the additional design.
Automated Cross-Sell and Up-Sell technology permits the Company to show a customer, while the customer is in the process of purchasing a product, marketing offers for one or more additional or related products. Localization/Language Map is the Company's content management system that permits all of its localized Websites, and the changes to those Websites, to be managed by the same software engine. Text and image components of the Company's Web pages are separated, translated and stored in its managed content database.
Advisors' Opinion:- [By John Udovich]
Printing and the various forms of marketing communications that need to be printed (like business cards and stationary) are fundamental to the needs of every business, meaning the recent share surge of small cap Standard Register Co (NYSE: SR) after it announced an acquisition along with its long-term performance against better known peers like RR Donnelley & Sons Co (NASDAQ: RRD) and VistaPrint Limited (NASDAQ: VPRT) is worth taking a closer look at. After all, Standard Register is up 363.2% since the start of the year verses a return of 113.4% for RR Donnelley & Sons Co and�75.9% for VistaPrint Limited.
- [By Geoff Gannon] f="http://www.gurufocus.com/news/161732/glenn-greenbergs-new-buys-growth-stocks-for-value-investors">your article on Glenn Greenberg.
I didn't realize that you also look at this type of company.
Looking through some investor presentations, I�� not really convinced that they can maintain current growth rates of 20%.
Their production facilities are all based in high cost developed nations.
Why could this not be copied in Asia?
I just don't see the moat.
Current valuation assumes double digit performance for several years, one small dip and the stock dives, no margin of safety here...
Regards,
Rijk
You bring up an interesting point about cost. But I�� not sure how much a small price differential matters to customers in this kind of business. I would have to look into that. Any logistical problems would lose you a customer. Also, that assumes the lowest labor costs lead to the lowest production costs ��I�� not sure that�� true in the printing industry.
I��e had business cards printed. And screwed up (not by Vistaprint). As long as the price was reasonable, I would��e gone with ��he best�� And I would��e had no way to know who ��he best��was other than the most recognized name. Actually, I remember that being the problem when I needed some business cards, company stationary, etc., printed. I had to visit a couple websites. Look at them. Try to guess which was the best. Or at least decent. It was like getting a plumber or something. I had very little ability to separate the good guys from the bad guys. I wasn�� spending time thinking about price ��many printers had prices that seemed awfully similar to me. Instead I was just overwhelmed how frustratingly identical all the choices were.
I had no way to make an informed decision.
I can certainly imagine ways of saving money. But I really doubt labor is a good place to try to find those savings. Small orders to small custome
- [By Anna Prior]
VistaPrint NV(VPRT) agreed to acquire most of e-commerce printing firm Pixartprinting SRL for roughly EUR127 million ($175 million), expanding the breadth of the online printing-services provider’s range of product offerings.
Top Dow Dividend Stocks To Watch Right Now: Tesco Corporation(TESO)
Tesco Corporation engages in the design, manufacture, and service delivery of technology based solutions for the upstream energy industry worldwide. The company?s Top Drive segment manufactures, sells, and supports top drives used in drilling operations to rotate the drill string while suspended from the derrick above the rig floor. This segment?s product line includes various portable and permanently installed top drive products with lifting capacities of 150 through 750 tons, which are hydraulically and electrically powered. It also provides top drive rental services on a day-rate basis for land and offshore drilling rigs and engages in the recertification of working units, such as top drives, power units, and other top drive product and component repairs. This segment serves drilling contractors, rig builders, equipment brokers, and oil and natural gas operating companies. Its Tubular Services segment offers proprietary tubular services using its Casing Drive System, a tool that facilitates running and reaming casing into a well bore; and installation service of deep water smart well completion equipment using the company?s Multiple Control Line Running System technology. This segment also provides equipment and personnel for the installation of tubing and casing, including power tongs, pick-up/lay-down units, torque monitoring services, connection testing services, and power swivels for new well construction, and in work-over and re-entry operations. The company?s CASING DRILLING segment provides CASING DRILLING technology, which allows an oil or gas well to be drilled using well casing pipe, eliminating the use of drill pipe and drill collars. Tesco Corporation was founded in 1986 and is headquartered in Houston, Texas.
Advisors' Opinion:- [By Sophia Yan]
Wal-Mart (WMT, Fortune 500) said this month that it would close a number of stores in China. Earlier this year, Tesco (TESO) transferred its 131 stores and shopping mall business in China to a joint venture with a state-owned company.
Top Dow Dividend Stocks To Watch Right Now: Steiner Leisure Limited(STNR)
Steiner Leisure Limited provides spa services and personal care products for men, women, and teenagers worldwide. The company offers beauty care products, including cleansers, toners, moisturizers, lotions, waxing products, cleansing accessories, and other skin care and body products, as well as aromatherapy oils and beauty tools; and hair care products, such as shampoos, conditioners, styling products, and related items. Its services include massages, facials, microdermabrasion, waxing, aromatherapy treatments, seaweed wraps, aerobic exercise, yoga, pilates, hair styling, manicures, pedicures, and teeth whitening, as well as various other beauty and body treatments and services; acupuncture; and medi-spa services comprising BOTOX Cosmetic, Dysport, Restylane, and Perlane. In addition, the company operates approximately 12 post-secondary schools, which provide education in massage therapy, beauty, skin care, and related areas at 30 campuses in 14 states. Further, it provid es procedures for the removal of unwanted facial and body hair in a clinical setting. The company offers its products and services under the Elemis, La Th�apie, Bliss, Rem�e, Laboratoire Rem�e, Mandara Spa, Mandara, Jou, and Chavana brands through department stores; third party retail outlets; distributors; salons; mail orders; and company owned Websites, including www.timetospa.com, www.timetospa.co.uk, www.blissworld.com, www.blisslondon.co.uk, and www.bodyworkmall.com, as well as through the QVC home shopping television channel. As of February 13, 2012, it served 152 cruise ships representing 19 cruise lines; and operated 54 resort spas, 11 urban hotel spas, 6 day spas, and 59 ideal image laser hair removal centers. Steiner Leisure Limited was founded in 1934 and is based in Nassau, the Bahamas.
Advisors' Opinion:- [By Rick Munarriz]
Royal Caribbean,�NCL (NYSE: NCL ) , and ship spa services provider Steiner Leisure (NASDAQ: STNR ) all hit new 52-week highs earlier this month. Unlike Carnival (NYSE: CCL ) -- which has been sluggish in light of several mishaps at sea since last year -- everyone seemed to view the negative instances as Carnival-specific events. Now Royal Caribbean's fire may lead folks to question booking on any cruise line in the near future.
Top Dow Dividend Stocks To Watch Right Now: Vanguard Natural Resources LLC(VNR)
Vanguard Natural Resources, LLC, through its subsidiaries, engages in the acquisition and development of oil and natural gas properties in the United States. Its properties are located in the southern portion of the Appalachian Basin, primarily in southeast Kentucky and northeast Tennessee; the Permian Basin, primarily in west Texas and southeastern New Mexico; and south Texas. As of December 31, 2010, the company had estimated proved reserves of 69.3 million barrels of oil equivalent, as well as working interests in 2,270 net productive wells. Vanguard Natural Resources, LLC was founded in 2006 and is based in Houston, Texas.
Advisors' Opinion:- [By GURUFOCUS]
Vanguard Natural Resources LLC (VNR) engages in the acquisition and development of oil and natural gas properties in the U.S. Aug. 20, the company increased its monthly distribution 1.2% to $0.2075 per unit. The distribution is payable Sept. 13, 2013, to unitholders of record on Sept. 3, 2013. The yield based on the new payout is 9.2%.
Top Dow Dividend Stocks To Watch Right Now: Stepan Co (SCL)
Stepan Company, incorporated on February 19, 1959, produces specialty and intermediate chemicals, which are sold to other manufacturers and then made into a variety of end products. The Company serves principal markets, such as manufacturers of cleaning and washing compounds (including detergents, shampoos, fabric softeners, toothpastes and household cleaners), paints, cosmetics, food and beverages, agricultural products, plastics, furniture, automotive equipment, insulation and refrigeration. The Company has three segments: surfactants, polymers and specialty products. The Company operates in the geographical regions of North America, Europe, Latin America and Asia. As of December 31, 2012, the Surfactants segment accounted to 72%, Polymers segment accounted to 24% and Specialty segment accounted to 4% of the Company�� revenues. On March 22, 2012, the Company increased its controlling interest in Stepan Philippines Inc from 89% to 100%.
Surfactants
Surfactants are used in a variety of consumer and industrial cleaning compounds as well as in agricultural products, lubricating ingredients, biodiesel and other specialized applications. The Surfactants are principal ingredients in consumer and industrial cleaning products, such as detergents for washing clothes, dishes, carpets, floors and walls, as well as shampoos, body washes, toothpastes and fabric softeners. Surfactants are manufactured at six North American sites (five in the United States and one in Canada), three European sites (United Kingdom, France and Germany), and three Latin American sites (Mexico, Brazil and Colombia), and one Asian site (Philippines and Singapore). The Company also holds a 50% ownership interest in a joint venture, TIORCO, LLC (TIORCO), that markets chemical solutions for increasing the production of crude oil and natural gas from existing fields.
Polymers
Polymers generate its revenues primarily from the sale of polyols and phthalic anhydride used in plastics, buildi! ng materials and refrigeration systems. It includes two primary product lines: polyols and phthalic anhydride. Polyols are used in the manufacture of rigid laminate insulation board for thermal insulation in the construction industry. Polyols are also a base raw material for flexible foams, coatings, adhesives, sealants and elastomers.
Phthalic anhydride is used in unsaturated polyester resins, alkyd resins and plasticizers for applications in construction materials and components of automotive, boating and other consumer products. In addition, phthalic anhydride is used internally in the production of polyols. In the United States, polymer product lines are manufactured at the Company�� Millsdale, Illinois, site. In Europe, polyols are manufactured at the Company�� subsidiaries in Germany and Poland. In Asia, polyols are produced at the Company�� 80% owned joint venture in Nanjing, China.
Specialty Products
Specialty products are used in food, flavoring and pharmaceutical applications. It includes flavors, emulsifiers and solubilizers used in the food and pharmaceutical industries. Specialty products are primarily manufactured at the Company�� Maywood, New Jersey, site.
Advisors' Opinion:- [By Marc Bastow]
Specialty chemical maker Stepan (SCL) raised its quarterly dividend 6% to 17 cents per share, payable on Dec. 13 to shareholders of record as of Nov. 29. This marks the 46th consecutive annual dividend increase.
SCL Dividend Yield: 1.13% - [By Seth Jayson]
Calling all cash flows
When you are trying to buy the market's best stocks, it's worth checking up on your companies' free cash flow once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That's what we do with this series. Today, we're checking in on Stepan (NYSE: SCL ) , whose recent revenue and earnings are plotted below. - [By Seth Jayson]
Basic guidelines
In this series, I examine inventory using a simple rule of thumb: Inventory increases ought to roughly parallel revenue increases. If inventory bloats more quickly than sales grow, this might be a sign that expected sales haven't materialized. Is the current inventory situation at Stepan (NYSE: SCL ) out of line? To figure that out, start by comparing the company's inventory growth to sales growth. How is Stepan doing by this quick checkup? At first glance, not so great. Trailing-12-month revenue decreased 4.8%, and inventory increased 30.6%. Comparing the latest quarter to the prior-year quarter, the story looks potentially problematic. Revenue dropped 1.9%, and inventory grew 30.6%. Over the sequential quarterly period, the trend looks OK but not great. Revenue grew 6.9%, and inventory grew 9.5%.
Top Dow Dividend Stocks To Watch Right Now: Sagent Pharmaceuticals Inc.(SGNT)
Sagent Pharmaceuticals, Inc., a specialty pharmaceutical company, develops, sources, and markets pharmaceutical products, principally injectable-based generic equivalents to branded products in the United States. It offers a range of products across anti-infective, oncolytic, and critical care indications in various presentations, including single-and multi-dose vials, pre-filled ready-to-use syringes, and premix bags. The company?s anti-infective products include Levofloxacin, a fluoroquinolone antibacterial for the treatment of various infections caused by susceptible bacteria in adults of age 18 years or older; and Cefepime, an antibiotic used to treat infections of the urinary tract, and skin and skin structure, as well as moderate to severe pneumonia, intra-abdominal infections, and as empiric therapy for febrile neutropenic patients. Its oncology products comprise Gemcitabine, a nucleoside metabolic inhibitor used for the treatment of ovarian, breast, lung, and panc reatic cancers; and Topotecan, a topoisomerase inhibitor for small cell lung cancer sensitive disease. The company also offers critical care products consisting of Adenosine, an antiarrhythmic used for the treatment of cardiac rhythm disturbances; and Heparin, an anticoagulant used to prevent and treat blood clotting during and after surgery and dialysis. As of December 31, 2011, it marketed 33 generic injectable products; and had a new product pipeline that included 36 products represented by 63 Abbreviated New Drug Applications (ANDAs). The company sells its products to pharmaceutical wholesale companies, which then distribute the products to end-user hospitals, long-term care facilities, alternate care sites, and clinics. The company was formerly known as Sagent Holding Co. and changed its name to Sagent Pharmaceuticals, Inc. in April 2011. Sagent Pharmaceuticals, Inc. was founded in 2006 and is headquartered in Schaumburg, Illinois.
Advisors' Opinion:- [By James Brumley]
In no particular order…
Sagent Pharmaceuticals (SGNT)Though Sagent Pharmaceuticals (SGNT) makes a few dozen generic drugs and has a similar number in the works, odds are good most investors couldn’t name a single one of them… and that’s a good thing for anyone on the hunt for cheap stocks from the pharma world.
- [By Roberto Pedone]
Sagent Pharmaceuticals (SGNT) is a pharmaceutical company engaged in developing, manufacturing, sourcing and marketing pharmaceutical products, with a specific emphasis on injectables. This stock closed up 1.1% at $23.58 in Thursday's trading session.
Thursday's Volume: 235,000
Three-Month Average Volume: 128,231
Volume % Change: 110%From a technical perspective, SGNT rose modestly higher here right above its 50-day moving average of $22.32 with above-average volume. This move pushed shares of SGNT into breakout territory, since the stock took out some near-term overhead resistance at $23.50. Shares of SGNT are now quickly moving within range of triggering another near-term breakout trade. That trade will hit if SGNT manages to clear its 52-week high at $24.27 with high volume.
Traders should now look for long-biased trades in SGNT as long as it's trending above its 50-day at $22.32 and then once it sustains a move or close above its 52-week high at $24.27 with volume that's near or above 128,231 shares. If that breakout hits soon, then SGNT will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are its next major overhead resistance levels at $26.74 to its all-time high at $29.23.
Top Dow Dividend Stocks To Watch Right Now: Hatteras Financial Corp (HTS)
Hatteras Financial Corp., incorporated on September 19, 2007, is an externally managed mortgage real estate investment trust (REIT) that invests primarily in single-family residential mortgage pass-through securities guaranteed or issued by the United States Government agency (such as the Government National Mortgage Association (Ginnie Mae)), or by the United States Government-sponsored entity (such as the Federal National Mortgage Association, (Fannie Mae)), and the Federal Home Loan Mortgage Corporation, (Freddie Mac)). The Company is externally managed and advised by its manager, Atlantic Capital Advisors LLC.
The Company focuses on agency securities consisting of mortgage loans with short durations. The agency securities consist of mortgages that have principal and interest payments guaranteed by Ginnie Mae, Fannie Mae or Freddie Mac. It invests in both fixed-rate and adjustable-rate agency securities. Adjustable rate mortgages (ARMs) are mortgages that have floating interest rates that reset on a specific time schedule, such as monthly, quarterly or annually, based on a specified index, such as the 12-month moving average of the one-year constant maturity United States Treasury rate (CMT) or the London Interbank Offered Rate (LIBOR). The ARMs it generally invests in, sometimes referred to as hybrid ARMS, have interest rates that are fixed for an initial period (typically three, five, seven or 10 years) and then reset annually thereafter to an increment over a pre-determined interest rate index.
Advisors' Opinion:- [By Zain Zafar]
Hatteras Financial (NYSE: HTS ) �was one of the worst performers during the period despite following a relatively conservative strategy of investing mostly in adjustable-rate mortgage (ARM) mortgage-backed securities, as opposed to fixed-rate 30-year MBSes that can often carry a larger interest rate risk.�
- [By Amanda Alix]
When Hatteras Financial (NYSE: HTS ) declared second-quarter�earnings earlier this week, it was not a pretty sight, as earnings per share missed the mark by $0.04. But that wasn't what set the stage for the carnage that spread throughout the sector: Hatteras reported a huge -- more than 20% -- drop in book value from the first quarter, sending the stock down more than 10% on Wednesday.
- [By Amanda Alix]
More mREITs stay the course, but two trim payouts
Despite suffering many tumbles and bruises, several mREITs have announced that their dividends will be unchanged from the previous quarter. Several did so last week, and yesterday saw Hatteras Financial (NYSE: HTS ) , an agency-only trust, keeping its own $0.70 per share�payout the same. Hybrid New York Mortgage Trust (NASDAQ: NYMT ) also kept its dividend stable, at $0.27 per share, in line with its four most recent distributions.
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