Monthly Archives: November 2017

oil penny stocks

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Back in August 1971, President Nixon shocked the world by taking the dollar off the gold standard. The dollar had been on gold standard since Bretton Woods Agreement of 1944. The biggest bombshell for gold investors in 45 years since Nixon announcement may be ahead. That bombshell is a potential ban on import of gold into India. If this happens, there is a high probability of a one-day drop in gold that could reach $200.

oil penny stocks: Sigma Designs, Inc.(SIGM)

Advisors’ Opinion:

  • [By Paul Ausick]

    Sigma Designs Inc. (NASDAQ: SIGM) dropped about 34% on Wednesday to post a new 52-week low of $5.20 against a 52-week high of $8.60 and a Tuesday close of $7.75. Volume of about 6.2 million was about 25 times the daily average of around 280,000. The company reported so-so earnings on Tuesday and the stock was downgraded and price targets lowered by several analysts.

  • [By Lisa Levin]

    Sigma Designs Inc (NASDAQ: SIGM) shares dropped 30 percent to $5.43. Sigma Designs reported fiscal third-quarter net income of $221,000 on revenue of $62.7 million.

oil penny stocks: iShares MSCI All Peru Capped ETF (EPU)

Advisors’ Opinion:

  • [By Todd Shriber, ETF Professor]

    ARGT, the lone exchange traded fund dedicated to Argentine equities, is up 19.6 percent year-to-date. That is good for the second-best showing among Latin America single-country ETFs, trailing only the iShares MSCI Capped Peru Index Fund (NYSE: EPU).

  • [By Andrew Efimoff] Related Some Positive Indexing News For A Frontier Markets ETF Why The Frontier Markets ETF Slumped Last Year Status Quo Decisions Would Bode Well For PAK ETF (Seeking Alpha)
    Related EPU Peru ETF Confronts Politics Commodities Call For The Colombia ETF Gra帽a Y Montero May Have Peaked In 2016 (Seeking Alpha) Gainers Pakistan: Global XMSCI Pakistan ETF (NYSE: PAK) is up 5.67 percent after receiving MSCI’s Emerging Markets Index approval. Peru: iShares MSCI All Peru Capped Index Fund(NYSE: EPU) is up 2.15 percent after Kuzynski won Peru’s nail-biting election. Philippines: iShares MSCI Philippines Investable(NYSE: EPHE) is up 2.21 percent after Macquarie Research said President Elect Rodrigo Duterte would lift the Pilipino property market. India: iShares MSCI India ETF (NYSE: INDA) is up 1.96 percent after India’s government relaxed regulation, making it easier for domestic airlines to fly overseas.

    Related Link: Some Positive Indexing News For A Frontier Markets ETF

oil penny stocks: Progressive Corporation (The)(PGR)

Advisors’ Opinion:

  • [By Chris Lange]

    Progressive Corp. (NYSE: PGR) is set to report its third-quarter results Tuesday morning as well. The analysts consensus estimates are $0.36 in EPS on revenue of $6.99 billion. Shares were changing hands at $48.67 on Fridays close. The consensus price target is $49.07, and the 52-week range is $30.99 to $49.75.

oil penny stocks: CVD Equipment Corporation(CVV)

Advisors’ Opinion:

  • [By Jim Robertson]

    At the beginning of the week, our Under the Radar Moversnewsletter suggestedsmall cap industrial machinery stock CVD Equipment Corporation (NASDAQ: CVV) as a long/bullish trade:

  • [By Jim Robertson]

    On Wednesday, our Under the Radar Moversnewsletter suggested small cap materials and coatings stock CVD Equipment Corporation (NASDAQ: CVV) as a short/bearish trade:

oil penny stocks: Franklin Covey Company(FC)

Advisors’ Opinion:

  • [By Monica Gerson]


    Darden Restaurants, Inc. (NYSE: DRI) is estimated to report its quarterly earnings at $1.08 per share on revenue of $1.81 billion.
    ConAgra Foods Inc (NYSE: CAG) is expected to report its quarterly earnings at $0.52 per share on revenue of $2.89 billion.
    Paychex, Inc. (NASDAQ: PAYX) is projected to report its quarterly earnings at $0.49 per share on revenue of $751.52 million.
    Micron Technology, Inc. (NASDAQ: MU) is expected to post a quarterly loss at $0.09 per share on revenue of $2.95 billion.
    McCormick & Company, Incorporated (NYSE: MKC) is estimated to report its quarterly earnings at $0.74 per share on revenue of $1.06 billion.
    Constellation Brands, Inc. (NYSE: STZ) is expected to report its quarterly earnings at $1.51 per share.
    Schnitzer Steel Industries, Inc. (NASDAQ: SCHN) is estimated to report its quarterly earnings at $0.18 per share on revenue of $356.41 million.
    Franklin Covey Co. (NYSE: FC) is expected to post its quarterly earnings at $0.08 per share on revenue of $49.89 million.
    Lindsay Corporation (NYSE: LNN) is projected to report its quarterly earnings at $0.99 per share on revenue of $148.43 million.

    Posted-In: Earnings scheduleEarnings News Pre-Market Outlook Markets

private investors

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“The brand of full-service investment advice the industry has historically delivered is under attack,” states a white paper, “Digital Disruption: Is the Financial Advisor’s Value Under Siege?” released by Wells Fargo Clearing Services’ First Clearing last fall.

Alarming, perhaps; but the situation presents a chance to show high-net-worth clients how much they need human advisors: Deliver value that algorithms simply can’t, says William Coppel, managing director-chief client growth officer of First Clearing, in an interview.

How do advisors who feel uncomfortable asking lots of questions, especially personal ones, get the knack?

That’s the same question farmers who lost their jobs to automation asked: “How do we acquire the skills to work in a factory?” The reality is that people have got to adopt and adapt to change. FAs will glean an enormous amount of information if they train themselves to be better listeners and better at formulating questions.

private investors: Scana Corporation(SCG)

Advisors’ Opinion:

  • [By Lisa Levin]

    In trading on Friday, utilities shares were relative laggards, down on the day by about 0.32 percent. Meanwhile, top losers in the sector included Genie Energy Ltd (NYSE: GNE), down 3 percent, and SCANA Corporation (NYSE: SCG), down 3 percent.

  • [By Lisa Levin]

    In trading on Tuesday, utilities shares rose by just 0.1 percent. Meanwhile, top losers in the sector included Atlantic Power Corp (NYSE: AT), down 2 percent, and SCANA Corporation (NYSE: SCG) down 1 percent.

  • [By Lisa Levin]

    In trading on Monday, utilities shares were relative laggards, down on the day by about 0.43 percent. Meanwhile, top losers in the sector included SCANA Corporation (NYSE: SCG), down 2 percent, and FirstEnergy Corp. (NYSE: FE), down 2 percent.

private investors: WD-40 Company(WDFC)

Advisors’ Opinion:

  • [By Monica Gerson]

    WD-40 Company (NASDAQ: WDFC) reported better-than-expected earnings for its second quarter, but the company missed analysts’ sales estimates. WD-40 shares fell 0.97 percent to $106.00 in the after-hours trading session.

  • [By Monica Gerson]

    WD-40 Company (NASDAQ: WDFC) is projected to post its quarterly earnings at $0.86 per share on revenue of $99.10 million.

    Hooker Furniture Corporation (NASDAQ: HOFT) is estimated to report its quarterly earnings at $0.40 per share on revenue of $62.20 million.

private investors: Reinsurance Group of America, Incorporated(RGA)

Advisors’ Opinion:

  • [By David Sterman]

    My favorite insurers: AIG (NYSE: AIG) (which I discussed a few months ago), Protective Life (NYSE: PL) and Reinsurance Group of America (NYSE: RGA).

  • [By Benzinga News Desk]

    Morgan Stanley downgraded Chipotle (NYSE: CMG) to Equal-Weight.
    UBS downgraded AMC Networks (NASDAQ: AMCX) to Sell.
    Citi upgraded Sealed Air (NYSE: SEE) to Buy.
    Goldman Sachs upgraded Reinsurance Group (NYSE: RGA) to Buy.

private investors: MDU Resources Group, Inc.(MDU)

Advisors’ Opinion:

  • [By Lisa Levin]

    In trading on Monday, utilities shares fell by 1.08 percent. Meanwhile, top losers in the sector included South Jersey Industries Inc (NYSE: SJI), down 4 percent, and MDU Resources Group Inc (NYSE: MDU), down 4 percent.

bombay stock exchange

Shares of energy stocks, including ExxonMobil (XOM), Chevron (CVX), Whiting Petroleum (WLL), and Devon Energy (DVN), are surging on reports that OPEC has agreed to to limit the amount of oil its members produce. Bloomberg’s Nayla Razzouk,Grant Smith, and Angelina Rascouetreport:

AFP/Getty Images

OPEC agreed to cut production for the first time in eight years, according to a delegate briefed on the matter, sending oil prices more than 6 percent higher as Saudi Arabia and Iran wrong-footed traders who expected a continuation of the pump-at-will policy the group adopted in 2014.

In two days of round-the-clock talks in Algiers, the group agreed to drop production to 32.5 million barrels a day, the delegate said, asking not to be named because the decision isnt yet public. Thats nearly 750,000 barrels a day less than it pumped in August.

bombay stock exchange: Pound/Rand(PX)

Advisors’ Opinion:

  • [By Ben Levisohn]

    The last twelve months haven’t been kind to Praxair (PX) and Air Products & Chemicals (APD), but UBS analyst John Roberts and team argue that’s about to change, as they upgrade their shares to Buy from Neutral arguing that their earnings can withstand a slowing global economy:

    In our view, the two stocks are more alike than different. NTM P/Es are within ~0.5 pts of each other. Both stocks have declined ~20% from their historical highs the largest corrections in 20+ years aside from the financial crisis…

    Industrial gas stocks have normally grown through changes in FX, oil & China demand within normal historical ranges. And investor concerns around China forAir Products & Chemicals may still prove much bigger than reality. Nevertheless, the combination of FX & oil sector impacts on Praxair, and FX & China issues for Air Products & Chemicals, have been much larger than previously seen. With oil already down, the dollar already appreciated, & China concerns already heightened we believe forward basis would appear to carry only normal risks (& lower if FX & oil are mean-reverting, which some theories support).

    Normal high single digit EPS growth projected for both in 2017 vs 2016: Four large firms serve 70%+ of the global merchant gas market, and price normally contributes ~2% to growth. Customer older captive units being outsourced contributes another 2%. Secular drivers for oxygen include energy savings (i.e. O2 burns more efficiently than air), life sciences (healthcare & microbial processes) nitrogen secular drivers include increasing purity requirements (food freezing & semiconductors). Topline growth ~2x global GDP more normal, with EPS growth ~2x sales growth due to high fixed costs (key variable costs are inexpensive air & power).

    Financial crisis demand drop was only a few %, in line with global GDP drop Most chemicals volumes dropped 10%+ (some 40%

bombay stock exchange: Pinnacle Entertainment Inc.(PNK)

Advisors’ Opinion:

  • [By Ben Levisohn]

    Pinnacle Entertainment (PNK) has gained 56% this year; Las Vegas Sands (LVS) has climbed 38%. And Deutsche Bank has nice things to say about both today.


    First Pinnacle. Deutsche Bank’s Carlo Santarelli ponders the stock’s big move and comes away still seeing value in its shares. He writes:

    When we upgraded PNK in April, our thesis centered on the FCF strength of the combined entities [Pinnacle completed its acquisition of Ameristar Casinos on Aug. 14], a handful of favorable catalysts, easing regional gaming comps, & an inexpensive relative valuation. Given the shares’ sizeable move since then, we believe it is worth revisiting the investment case. Post the announcement of several asset sales and the closing of the transaction, we are adjusting our estimates, raising our PT to $30 from $24, and maintaining our bullish view at current levels given what we still believe to be an attractive free cash flow valuation, meaningful potential synergy realization beyond the $40 mm of announced benefits, and a free option on a lagging regional recovery.

    Santarelli also revisited Las Vegas Sands and there too, he likes what he sees. He writes:

    With…LVS at [a share price level] that have been challenging to break from over the last year plus, we believe this time is different and hence we see continued upward momentum…In the case of LVS, we see; 1) meaningful mass market strength continuing through year end, setting the stage for upward company and market estimate revisions for 2014, 2) continued cash flow appreciation and capital returns serving as downside protection and positive catalysts, and 3) continued shared gains, largely driven by table optimization and mass market strength, driving both estimates and sentiment.

    He also likes Wynn Resorts (WYNN), despite its 34% gain.Santarelli writes:

    As for WYNN, we believe near-term estimates continue to take a back seat to capital return

bombay stock exchange: Conn's, Inc.(CONN)

Advisors’ Opinion:

  • [By Monica Gerson]

    Benzinga's newsdesk monitors options activity to notice unusual patterns. These large volume (and often out of the money) trades were initially published intraday in Benzinga Professional . These trades were placed during Monday’s regular session.

    Pier 1 Imports Inc (NYSE: PIR) Dec16 5.0 Puts Sweep: 1191 @ ASK $0.80: 1354 traded vs 102 OI: $5.32 Ref
    Alcoa Inc (NYSE: AA) Jul16 9.5 Puts Sweep: 1494 @ ASK $0.13: 14k traded vs 6682 OI: $10.09 Ref
    Sarepta Therapeutics Inc (NASDAQ: SRPT) Jul16 10.0 Puts: 3536 @ ASK $0.50: 5506 traded vs 54k OI: Earnings 8/4 $22.50 Ref
    Tableau Software Inc (NYSE: DATA) Jul16 47.5 Puts Sweep: 837 @ ASK $0.30: 995 traded vs 37 OI: Earnings 8/3 $50.60 Ref
    Yandex NV (NASDAQ: YNDX) Aug16 18.0 Puts Sweep: 532 @ ASK $0.30: 2143 traded vs 78 OI: Earnings 7/28 Before Open $22.02 Ref
    Wolverine World Wide, Inc. (NYSE: WWW) Aug16 22.5 Puts: 719 @ ASK $1.35: 1032 traded vs 0 OI: Earnings 7/19 $22.22 Ref
    Conn's Inc (NASDAQ: CONN) Jan17 5.0 Puts Sweep: 605 @ ASK $0.85: 1355 traded vs 3132 OI: $7.16 Ref

    Posted-In: Huge Put PurchasesNews Options Markets

  • [By Lisa Levin]

    Conn’s Inc (NASDAQ: CONN) shares dropped 23 percent to $9.03 as the company reported downbeat quarterly results. Conn’s posted a Q1 loss of $0.31 per share on revenue of $389.1 million.

  • [By Lisa Levin]

    Wednesday afternoon, the cyclical consumer goods & services sector proved to be a source of strength for the market. Leading the sector was strength from Conn's Inc (NASDAQ: CONN) and Wyndham Worldwide Corporation (NYSE: WYN).

  • [By Lisa Levin]

    Conn's Inc (NASDAQ: CONN) shares were also up, gaining 32 percent to $11.18 after the company reported better-than-expected earnings for its fourth quarter.

bombay stock exchange: Taranis Resources Inc. (TNREF)

Advisors’ Opinion:

  • [By Sara Cornell]

    While this can mean excess volatility on the world markets, a silver lining (pun intended) is that mining companies are growing in market favor. Taranis Resources Inc. (OTCBB: TNREF) (TSE: TRO.V), a mining and mineral exploration company based in Colorado and Vancouver, BC, is well positioned for growth in the current volatile markets, largely due to its Thor Deposit, an advanced-stage gold-silver-lead-zinc-copper mineral deposit that has near-surface mineralization that can be extracted with a low cost, open pit mine. Recent discoveries in The Thor Deposit, which is 100% owned by Taranis (OTCBB: TNREF) (TSE: TRO.V), indicate that the area could be prime for development into a significantly bigger mine.

bombay stock exchange: Terra Nitrogen Company L.P.(TNH)

Advisors’ Opinion:

  • [By Robert Rapier] While the MLP space is dominated by the oil and gas sector, in last week’s article we began to explore some of the more exotic master limited partnership offerings. This week we continue our exploration of nontraditional MLPs by looking at the partnerships supplying fertilizer.

    Rentech (Nasdaq: RTK) has been around for more than a decade, and it has shifted strategies several times. Full disclosure: Rentech’s Chief Technology Officer Harold Wright is a former manager of mine when we were both at ConocoPhillips, and I have visited Rentech’s facility in Commerce City, Colorado.

    For most of Rentech’s existence, the company has sought to commercialize alternative fuels. At one time it had ambitions to build a large coal-to-liquids (CTL) plant, but federal legislation ultimately nudged it instead into the biomass-to-liquids (BTL) space. The company did build a BTL demonstration plant, but ultimately shut it down and has now refocused its efforts on becoming “one of the largest wood processing companies in the world.”

    During its interesting journey as a company, Rentech acquired two ammonia nitrogen fertilizer facilities, which turned out to be a profit center that funded the alternative energy research. In November 2011, Rentech spun off this fertilizer business into an MLP called Rentech Nitrogen Partners LP (NYSE: RNF).

    In the months leading to the spin-off, RTK’s market capitalization was about $200 million. Rentech maintained 60 percent ownership of RNF, and three months after the spin-off RTK’s market cap had risen to $400 million, while investors had bid RNF up to $1 billion. Interestingly, RTK’s share of RNF was worth more than RTK’s entire market cap, a situation that persists. The market currently values Rentech at $482 million, while the valuation of Rentech Nitrogen Partners makes RTK’s 60 percent stake in RNF worth slightly more than $600 million — another illu

8 Senators Who Can Make or Break Trump’s Tax Cut This Week

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U.S. President Donald Trump plans to meet Tuesday with Senate Republicans in a crucial week for his presidency and his tax plan that could decide whether he ends his first year with a major legislative achievement.

Last-minute threats to the tax cuts that Trump has promised since early in his long-shot presidential campaign are looming among Senate Republicans. Concerns center on the taxation of partnerships, limited liabilities and other companies; on the overall cost of the tax bill itself; and on a familiar GOP stumbling block — the Affordable Care Act.

“It’s not going to be easy,” Senate Finance Committee Chairman Orrin Hatch of Utah said Monday. “This is going to be a tough, tough time.”

Senate Republican leaders aren’t counting on any Democrats for a floor vote that could come Thursday or Friday — but that means they can afford to lose only two members of their own party. Here are the eight GOP senators most likely to decide the tax bill’s fate.

Bob Corker, Jeff Flake and James Lankford

Corker, the retiring Tennessee Republican has staked a hard line against letting tax legislation add to federal deficits — saying that a single penny of new deficits would lose his vote. It turns out the Senate bill would add $1.4 trillion to the deficit over 10 years — at least before accounting for any economic growth — according to a Congressional Budget Office report released Sunday.

The bill’s supporters say it’ll boost economic growth enough to cover that shortfall, but Corker says he’s not satisfied. He wants a backstop mechanism — essentially a tax-increase trigger that would raise revenue in case the promised growth doesn’t result. Arizona’s Flake and Oklahoma’s Lankford also support that kind of trigger.

“Every economist is guessing,” Lankford said on Monday. “We should build in the ‘what if’ — what if this doesn’t work?’ If the revenue is not coming in, should the rates change?”

(Related: Senate Releases Tax Bill Text Ahead of ‘Unusually Fast’ Vote)

Corker is a member of the Senate Budget Committee, which meets Tuesday afternoon to decide whether to send the tax bill to the Senate floor. Republicans have a one-vote margin on the panel and cannot afford any defections. Corker said Monday he may vote no if tax writers — who he said would be working overnight on a provision — can’t provide enough deficit safeguards.

“We’re working very closely with the administration and also some members of the Finance Committee to design a trigger or backstop that in the event the revenues are not there, there’s a way to recoup them,” he said.

Some senators want nothing to do with a trigger. “I think the problem with triggers is they create uncertainty about what the tax rate is” since it’s subject to change, said Republican Pat Toomey of Pennsylvania, during a Bloomberg Television interview. Resulting hesitancy among investors could make the predictions of too little growth “a self-fulfilling prophecy,” he said.

Corker disagrees. “There are ways of doing this that you don’t damage the aspects that are very pro-growth,” he said.

Flake and Corker have two things in common beyond deficit concerns: Both are retiring after 2018, and both have sparred extensively with Trump. So it’s unlikely that any presidential salesmanship would sway either one.

“He’ll be a NO on tax cuts because his political career anyway is ‘toast,”’ Trump said on Twitter this month about Flake, whom he called “Jeff Flake(y).”

Ron Johnson and Steve Daines

Johnson became the first Republican senator to come out against the bill, and his vote remains up in the air. His concern? The legislation gives an advantage to large corporations at the expense of “pass-through” businesses, like the plastics company he used to run before his election to the Senate in 2010.

The Wisconsin senator is also a member of the Budget Committee, and he too wants his concern addressed by the time it meets. “I’m not exactly sure what’s going to happen in committee, and we’re working diligently to fix the problem,” he told reporters Monday. “If we develop a fix prior to committee, I’ll probably support it but if we don’t, I’ll vote against it.”

The Senate bill cuts the corporate rate to 20 percent, while creating a special deduction for business income from pass-through entities that would leave many owners paying an effective top rate of more than 30 percent. Johnson wants to give those owners a larger deduction, and he said many have called to encourage him to stand firm.

Sen. Jerry Moran, R-Kan. (Photo: Moran)

Sen. Jerry Moran, R-Kan. (Photo: Moran)

Daines, a Montana Republican, joined Johnson Monday in opposing the bill as written, and for the same reason. An aide said Daines remains optimistic the legislation will change enough to win his vote.

A deal had yet to emerge Monday night. “We’re still negotiating; let’s put it that way,” said South Dakota Sen. John Thune, the chamber’s third-ranking Republican leader, after an evening meeting of the Finance panel.

Daines says the more generous tax cut that he and Johnson favor would cost about $60 billion more over 10 years — and they have a proposal to pay for it: Eliminate the income-tax deduction that corporations can take for the state and local taxes they pay.

A similar provision to eliminate so-called SALT deductions for individuals has stirred opposition among Republican House members in high-tax states; adding corporations to the list may engender still more resistance.

Susan Collins

The moderate from Maine is the only Republican senator from a reliably Democratic-leaning state, and as such she’s always a difficult vote for party leaders. While Collins was initially warm to the tax bill, she has turned sour after party leaders opted to add repeal of the Obamacare individual mandate to help limit deficits.

Collins said it’s a mistake to ax the mandate in tax legislation, fearing that it’ll cause healthy people to drop their coverage and drive premiums higher for others — the same reason she cast a pivotal vote to block an Obamacare repeal bill in July. “I hope that will be dropped,” she said recently.

But eliminating the mandate is estimated to save the federal government more than $300 billion over 10 years — savings that would result from less demand for federal health-coverage subsidies. Some GOP leaders dispute that estimate, even though their tax bill depends on it to stay within budget rules.

Collins has also said she opposes lowering the top individual rate from 39.6% to 38.5%, as the Senate bill does.

John McCain

Nobody is taking McCain’s vote for granted after he shocked the political world by voting against a rushed attempt to demolish the Affordable Care Act this summer.

He then delivered a speech demanding the Senate return to regular order — hearings, markups, bipartisan input and amendments — for passing major bills. So far, McCain has been warm to the GOP Senate’s tax effort, but he hasn’t taken an official position on the legislation.

McCain has a mixed record on tax cuts, voting against measures in 2001 and 2003. The top legislative priority of the Arizona Republican, who is 81 and fighting brain cancer, is to boost military spending. His vote on the tax bill could be in peril if he believes the $1.4 trillion in new deficits would put downward pressure on Pentagon funding.

Jerry Moran

The Kansas Republican is sensitive about the impacts of the bill in the wake of his state’s failed tax-cut experiment that lawmakers there ended this year to escape a fiscal crisis.

“I’m also cognizant of what people saw happen in Kansas,” Moran told constituents over Thanksgiving weekend, as quoted by the Topeka Capital-Journal. “The issue of tax cuts would be easier if you actually had faith that Congress would hold the line on spending. It’s two components. It’s how much revenue you take in and how much money you continue to spend.”

Overall, Moran remained circumspect about the legislation, saying the goal must be to find tax cuts that grow the economy without raising the debt.

—With assistance from Laura Davison and Kaustuv Basu of Bloomberg BNA.

—Read Scott Kicks Off Battle Over Senate Tax Bill Life Provisions on ThinkAdvisor.

— Connect with ThinkAdvisor Life/Health on Facebook and Twitter.


Copyright 2017 Bloomberg. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

‘Chained CPI’ tends to be more generous toward the young than it is toward the old.

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Need a College Scholarship? Website Has 7 Million of Them

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With the cost of college rising and a pending tax bill that could further increase those charges, more and more families may want to search for scholarships to help defray costs.

There are national scholarships awarded by companies and foundations as well as scholarships from individual schools. TFS Scholarships is a website that includes both, representing more than $41 billion in funding, but the majority of its 7 million listings come from colleges and universities.

School scholarships fund more students than national scholarships and are easier to obtain because fewer students are competing for them, says President Richard Sorensen, who founded the service in 1987 before the commercial internet was widely available and the World Wide Web was born. 

(Related: How the House and Senate Tax Bills Would Raise College Costs)

Sorensen, who was just getting involved in the technology industry at the time, was inspired by his father, the principal of an inner city school in Salt Lake City. His father wished there was a software program to provide families information about college scholarships because they wanted the information and assumed the school could provide it. The school didn’t have the resources so Sorensen developed his software program.

(Related: How American Families Pay for College: 2017)

At the TFS Scholarship website – TFS stands for Tuition Funding Sources  – undergraduate and graduate can research the scholarships available at individual schools that match their interests. Some schools require admittance before a student can submit a scholarship application; others don’t although they may want assurances that the student will attend if accepted.

“Every school is slightly different,” says Sorensen, who recommends that students also contact the school they’re interested in to learn the details about the school’s scholarships.

(Related: Trump Budget Would Increase College Costs, Loans for Many)

School scholarships are likely to become more important to families if Congress passes a tax bill. There are currently two bills circulating – a bill that the House has already been passed and a bill approved by the Senate Finance Committee but not yet voted on by the full Senate.

The bills include many different provisions concerning college funding but there is one provision identical in both: a 1.4% tax on the net investment income of university endowments that have more than 500 tuition-paying students and an endowment with assets are equivalent to $250,000 per student. That provision is likely to impact the wealthiest schools with the biggest endowments but they are also among the most expensive.

Both bills also include changes to the unrelated business income tax (UBIT) affecting colleges and universities, which, like the endowment tax, would increase the taxes paid by some universities and potentially limit the monies available for scholarships.

“I’m concerned that anything that causes schools to divert money somewhere else especially giving it back to government, will curtail money available to provide scholarships,” says Sorensen.

The House bill would also tax as income the free tuition that graduate students receive in exchange for research or teaching services, which could discourage many from enrolling in doctoral programs because they would have to find another income source to pay those taxes “Many just won’t go,” says Sorensen.

The TFS Scholarships site is free, with no ads, and adds more than 5,000 new scholarships to its database monthly. It’s currently sponsored by Wells Fargo and was previously sponsored by PepsiCo.

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