Pacific Investment Management Co.'s Bill Gross, manager of the world's biggest bond fund, said the unprecedented cash added to the financial system by central banks is raising the risk of a slide in global asset prices.
“Investors are all playing the same dangerous game that depends on a near-perpetual policy of cheap financing and artificially low interest rates in a desperate gamble to promote growth,” Mr. Gross wrote in his monthly investment outlook posted on Pimco's website Tuesday. The Federal Reserve, Bank of Japan, European Central Bank and Bank of England “are setting the example for global markets, basically telling investors that they have no alternative than to invest in riskier assets or to lever high-quality assets.”
Mr. Gross reiterated that Pimco is focused on shorter-maturity Treasuries, mortgage and corporate debt that will benefit by the Fed keeping its target rate for overnight loans near zero for several years. Fed policy makers cut rates to a record low as the financial crisis mounted in 2008 and vowed to keep them there until the economy and employment show sustained signs of recovery.
Top Paper Companies To Watch In Right Now: Smith & Nephew SNATS Inc.(SNN)
Smith & Nephew plc develops, manufactures, markets, and sells medical devices in the orthopaedics, endoscopy, and advanced wound management sectors worldwide. The company operates in three segments: Orthopaedics, Endoscopy, and Advanced Wound Management. The Orthopaedics segment offers reconstruction implants, including hip, knee, and shoulder joints, as well as ancillary products, such as bone cement and mixing systems used in cemented reconstruction joint surgery. This segment also provides trauma fixation products consisting of internal and external devices, and other products, including shoulder fixation and orthobiological materials used in the stabilization of fractures and deformity correction procedures; and clinical therapies products comprising bone growth stimulation, joint fluid therapies, and outpatient spine products. The Endoscopy segment develops and commercializes minimally invasive surgery techniques, educational programs, and value-added services for sur geons to treat and repair soft tissue and articulating joints. It offers specialized devices and fixation systems to repair damaged tissues; fluid management equipment for surgical access; digital cameras, digital image capture, scopes, light sources, and monitors to assist with visualisation; radiofrequency wands, electromechanical and mechanical blades, and hand instruments for resecting damaged tissues. The Advanced Wound Management segment provides initial wound bed preparation and full wound closure products. This segment?s products are targeted at chronic wounds associated with the older population, such as pressure sores and venous leg ulcers; and products for the treatment of wounds, including burns and invasive surgery. The company serves medical and surgical service providers. Smith & Nephew plc was founded in 1856 and is headquartered in London, the United Kingdom.
Advisors' Opinion:- [By Royston Wild]
LONDON -- Shares in�Smith & Nephew� (LSE: SN ) (NYSE: SNN ) have risen steadily in recent months, and were recently up 11% in the year to date.
- [By Dan Carroll]
British device maker Smith & Nephew (NYSE: SNN ) is the latest company�to join the emerging markets push. The company announced it agreed to buy Indian trauma device maker Adler Mediequip, which -- along with the buyout of a Brazilian�distribution partner -- totaled around $70 million. What does this mean for your investment and the medical device industry's emerging markets momentum?
Top Sliver Companies For 2014: Conn's Inc.(CONN)
Conn?s, Inc. operates as a specialty retailer of home appliances, consumer electronics, home office equipment, lawn and garden products, mattresses, and furniture in the United States. Its home appliances products include refrigerators, freezers, washers, dryers, dishwashers, ranges, and room air conditioners; consumer electronics products consist of LED, LCD, plasma, DLP and 3-D televisions, camcorders, digital cameras, Blu-ray and DVD players, video game equipment, portable audio, MP3 players, GPS devices, and home theater products; and furniture and mattresses include living room, bedroom, and dining room furniture. The company's products also comprise lawn and garden equipment, which includes lawn mowers, lawn tractors, and handheld equipment; and home office equipment, including computers, notebooks, and computer accessories. It also offers repair service agreements and customer credit programs, including installment and revolving credit account programs, and various credit insurance products. In addition, the company sells its products online. As of January 20, 2012, it operated 70 retail locations in Texas, Louisiana, and Oklahoma. The company was founded in 1890 and is headquartered in Beaumont, Texas.
Advisors' Opinion:- [By Jayson Derrick]
One of Conn's (NASDAQ: CONN) major shareholders, W.R. Stephens Jr. purchased 152,746 shares valued at just under $6 million of the stock according to insider filing reports. W.R. Stephens Jr. Stephens was joined by another major shareholder, Elizabeth Campbell who purchased 106,034 shares valued at $4.188 million. Shares surged 14.53 percent, closing at $45.48.
- [By Rick Aristotle Munarriz]
Alamy Legend has it that there's a list separating the naughty and nice kids this time of year. The same thing can be said about retailers, and only some are expected to be on Santa's good list this year. Let's go over some of the merchants that analysts predict will see double-digit revenue growth during retail's most important quarter. Michael Kors (KORS) -- Holiday quarter sales expected to rise 35 percent The hot name in designer handbags and accessories isn't Coach (COH) anymore. In fact, Coach saw sales and earnings dip slightly in its latest quarter. The luxury brand that folks clamor for these days is Kors. The average Kors store sold 23 percent more in its latest quarter than it did a year earlier, and that's exactly the kind of momentum that investors like to see heading into the critical holiday shopping season. Between expansion and store-level performance, Kors should be one of the biggest retail winners this quarter. Five Below (FIVE) -- Holiday quarter sales expected to rise 25 percent There are plenty of dollar stores out there, but this "cheap chic" hub sets the bar at $5 or less. The extra pricing wiggle room gives it more room to offer clothing, gadgets, and house wares that folks can actually use. Five Below's appeal stems largely from its fashion-forward focus. It's the "dollar" store that teens and young adults don't mind shopping at, and with just 276 stores out there Five Below still has plenty of expansion room to tackle. Conn's (CONN) -- Holiday quarter sales expected to rise 37 percent Consumer electronics isn't the growth industry that we many imagined it would be in this era of smartphones and tablets. Market leader Best Buy (BBY) isn't expected to grow holiday sales at all this quarter. Folks buying smartphones, tablets, and new video game consoles were the same ones buying pricier TVs and laptops in prior years. Conn's is different. Consumer electronics is just one of the many things that it's known for since it's a big pl
- [By Seth Jayson]
Conns (Nasdaq: CONN ) reported earnings on June 6. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended April 30 (Q1), Conns beat expectations on revenues and beat expectations on earnings per share. - [By WWW.DAILYFINANCE.COM]
It's been a rough year for consumer electronics retailers, and Conn's (CONN) investors know all about it. The same stock that soared 157 percent higher in 2013 has surrendered more than 40 percent of its value so far in 2014. The turnaround that investors were betting on for the industry failed to materialize. It also may not seem like a good omen for Conn's that larger peer Best Buy (BBY) posted disappointing financial results last week. However, Conn's is growing, while Best Buy is retreating. Analysts see sales and earnings rocketing higher at a double-digit rate. It will be interesting to see if what's eating Best Buy is also nibbling on Conn's. Wednesday -- Homebuilders on Parade
Top Sliver Companies For 2014: Euler Hermes SA (ELE)
Euler Hermes SA is a France-based credit insurance company. It offers a range of services, including loan assurance, risk assessment, trade debt collection, compensation of losses due to buyer insolvency, bonding and guarantees for companies, reinsurance of loans to individuals and fidelity insurance covering companies against financial loss caused by fraudulent acts. It operates a number of subsidiaries, including Euler Hermes SFAC, Euler Hermes ACI Holding Inc., Euler Hermes Reinsurance AG, among others. On January 1, 2012, the Company completed the simplification of its legal structure in Europe by grouping 13 of its former subsidiaries into one insurance company, Euler Hermes Europe, located in Brussels. Advisors' Opinion:- [By Sarah Jones]
Iberdrola SA (IBE), Spain�� biggest power company, fell 3.4 percent to 3.87 euros. Endesa SA (ELE) slumped 4.6 percent to 16 euros, while Acciona SA (ANA), which owns more than 4 gigawatts of wind farms in the country, tumbled 8.5 percent to 37.95 euros. Red Electrica Corp. slid 7.5 percent to 38.34 euros.
Top Sliver Companies For 2014: Furmanite Corp (FRM)
Furmanite Corporation (Furmanite), incorporated on January 23, 1953, is an on-site industrial plant turnaround maintenance and on-line contractor engineered services. The Company operates in two segments: Technical Services and Engineering & Project Solutions. Technical Services provides specialized technical services, including on-line, off-line and other services. The Engineering & Project Solutions segment includes Furmanite Technical Solutions (FTS), provides project planning, professional engineering, downstream non-destructive testing and inspection, construction management, mechanical integrity, field support, quality assurance and plant asset management services, as well as certain other inspection and project management services. The Company provides on-line repairs of leaks (leak sealing) in valves, pipes and other components of piping systems and related equipment used in flow-process industries.
The Company�� Technical Services segment�� On-line services include leak sealing, hot tapping, line stopping, line isolation, composite repair, valve testing and certain non-destructive testing and inspection services, while off-line services include on-site machining, heat treatment, bolting, valve repair and other non-destructive testing and inspection services. Other services include smart shim services, concrete repair, engineering services, valves and other products and manufacturing. The Engineering & Project Solutions segment�� customers include refining and petrochemical operators, as well as maintenance, and engineering and construction contractors servicing the downstream and midstream oil and gas markets, substantially, all of which are in the Americas.
The Company provides off-line services, including on-site machining, bolting, valve repair, heat treating, ultrasonic, radiography, phased array, tube testing and repair on such systems and equipment. These services tend to complement leak sealing and other on-line services since these off-line services a! re usually performed while a plant or piping system is not operating. In addition, the Company provides concrete repair, engineering services, valve and other products and manufacturing. The Company�� on-line; leak sealing services are performed on a range of flow-process industry machinery, often in difficult situations. The Company�� customer base includes petroleum refineries, chemical plants, mining operations, offshore energy production platforms, subsea piping systems, steel mills, nuclear and conventional power stations, pulp and paper mills, food and beverage processing plants and other flow-process facilities in more than 50 countries.
Advisors' Opinion:- [By Roberto Pedone]
Furmanite (FRM), together with its subsidiaries, provides specialized technical services. This stock closed up 2.2% to $7.78 in Tuesday's trading session.
Tuesday's Range: $7.52-$7.83
52-Week Range: $6.90-$12.70
Tuesday's Volume: 639,000
Three-Month Average Volume: 150,022From a technical perspective, FRM trended higher here right above some near-term support at $7.21 with heavy upside volume flows. This stock has been downtrending badly for the last three months, with shares plunging lower from its high of $12 to its new 52-week low of $6.90. During that downtrend, shares of FRM have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of FRM have now started to rebound higher off that $6.90 low and it's quickly moving within range of triggering a near-term breakout trade. That trade will hit if FRM manages to take out Tuesday's intraday high of $7.83 to some more near-term overhead resistance at around $8 with high volume.
Traders should now look for long-biased trades in FRM as long as it's trending above some key near-term support at $7.21 or above its 52-week low of $6.90 and then once it sustains a move or close above those breakout levels with volume that hits near or above 150,022 shares. If that breakout hits soon, then FRM will set up to re-test or possibly take out its next major overhead resistance levels at $8.50 to its 50-day moving average of $9.16, or even $9.50.
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