Monthly Archives: January 2018

The Worlds Most Corrupt Man

You have to admire the de facto ruler of Saudi Arabia — the young Saudi Crown Prince Mohammed bin Salman.

The man is taking a stand against the decades of corruption that has taken place at the top of Saudi society. The Crown Prince seeks the return of wealth that has been stolen from the Saudi people by a select few

mohammed

Source: Middle East Press

The main targets of the Crown Prince’s house cleaning are dozens of the richest and most influential men in Saudi Arabia. We are talking about princes, government ministers and all kinds of extended members of the Saudi Royal Family.

Make no mistake, the Crown Prince’s actions have been bold.

These targeted individuals have been presented with two choices:

Choice #1 Face trial for their corruption charges

Choice #2 Relinquish their ill-gotten gains and go free

Now let me think.

If I was presented with these two options what would I choose?

On one hand, as a wealthy Saudi citizen I sure would like to keep my fortune.

On the other hand, I sure would like to keep both of my hands.yes that is still a form of punishment for stealing in Saudi Arabia.

I should also probably consider that Amnesty International has reported that the Saudi Government has been executing roughly five people per week since mid-July1

Amnesty International’s Middle East Research Director Lynn Maalouf describes Saudi Arabia’s use of the death penalty thusly:

“The Saudi authorities have been using the death penalty as a tool to crush dissent and rein in minorities with callous disregard for human life”

But I digress. We were talking about the good work that the Crown Prince is doing to combat corruption. This is important work designed to stop the privileged few at the top of Saudi Arabia from draining the countries resources for their own personal gain.

Combating Corruption Can Be Hard Work Shouldn’t There Be Some Perks?

As you can imagine rolling out such a massive effort on the part of his people can be stressful for the Crown Prince.

Fortunately, he is willing to take at least a little time to enjoy himself and indulge in his interests.

Some of those interests would include:

Interest #1: The World’s Most Expensive Home

mansion

CNBC

The Crown Prince picked up this little vacation home (named Chateau Louis XIV) in France back in 2015 for just over $300 million — making the purchase this 54,000 square foot palace near Versailles the single most expensive home on the planet.

It is a nice place for the Crown Prince to slip away to when he isn’t chasing corrupt Saudi citizens who have used the country’s wealth for personal gain.

Interest #2: The World’s Most Expensive Painting

painting

NY Times

What good is a little $300 million second home without a bit of art on the walls? Not to worry, the Crown Prince has this covered.

Late in 2017, it was revealed that the Crown Prince had dropped $450 million at an auction to pick up Leonardo da Vinci’s “Salvator Mundi.”

For whatever reason, the Crown Prince made this purchase through a proxy to try and avoid being identified as the true buyer…

Interest #3: The World’s Most Expensive Yacht

yacht

Independent

A $300 million home and a $450 million painting can be relaxing but a young man must also have some fun! Am I right?

On that front, the Crown Prince has acquired himself a little boat to putter around on. In 2016, (while also enacting strict austerity measures in Saudi Arabia on his people) the Crown Prince paid over $500 million to Russian tycoon Yuri Shefler for his 440 ft. ship named “The Serene.”

I don’t know much about boats but this one looks pretty nice…

Is It A Corruption Crackdown Or A Money Grab?

It truly is almost impossible to believe.

In front of the entire world, this man has arrested some of the most important people in his country under the guise reclaiming assets stolen from the Saudi people.

Meanwhile, he has personally spent a combined $1.25 billion on a house, a painting and a boat — and these are just three things that we know about.

What is the source of his cash for these personal items? Isn’t it the same pool of funds that all of the other rich Saudis he is targeting were dipping into? Perhaps the Crown Prince has a second job that we aren’t aware of?

I don’t doubt that the people that the Crown Prince has targeted are very guilty of taking advantage of their positions of power. But we need to call this what it really is.a shakedown.

An epic shakedown.

A shakedown that various reports estimate that the Crown Prince is hoping to net $800 billion of cash and other assets from.

What will that cash be used for? The Crown Prince’s “Saudi Vision 2030” plan which will attempt reinvent the Saudi economy and remove its dependence on oil.

And maybe, just maybe the Crown Prince can use a bit of that $800 billion to pick himself up something nice as well.

In the meantime, oil has left $60 in the rearview mirror. And globally, Brent crude nears $70 per barrel. With this young man intent on reinventing the Saudi economy, and needing a lot of cash to do it, you can bet he isn’t going to be putting the curbs on this oil price rally any time soon.

Here’s to looking through the windshield,

Jody Chudley

Jody Chudley
Credit Analyst, The Daily Edge
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1Saudi Arabia carries out 100th execution so far this year, Independent

Top 10 Insurance Stocks To Invest In Right Now

Deutsche Bank’s Jorge Beristain and Chris Terry released their earnings preview for the gold miners–including Barrick Gold (ABX), Goldcorp (GG), Franco-Nevada (FNV), and Coeur Mining (CDE)–and conclude that only one gold miner deserves a Buy rating: Newmont Mining (NEM). They explain why:

Bloomberg News

During 2Q16, the gold price averaged $1,255/oz, a $71/oz (6%) increase vs 1Q16. The silver price improved 11% QoQ to $16.60/oz. The deferral of US rate hikes and generally low interest rates globally, provides the strongest support for Precious metals, while contracting mine supply may provide another tailwind. Gold and silver are also likely to benefit as insurance as global uncertainty continues. Gold holdings in ETFs have risen 37% YTD to top 2k tons post the recent Brexit vote; this represents the highest annualized rate since 2004. Additionally, we forecast global mined supply to peak in 2015, and to edge lower due to sector under-spending. While generally possessing stronger balance sheets and better cash flow potential than Industrial Metals peers, given the strong recent rally, Newmont remains our sole Buy-rated Precious name…

Top 10 Insurance Stocks To Invest In Right Now: Prudential Financial Inc.(PRU)

Advisors’ Opinion:

  • [By WWW.THESTREET.COM]

    Cramer was bearish on Prudential (PRU) , Advanced Semiconductor Engineering (ASX) and ZTO Express (ZTO) .

    Read more of Cramer’s comments about the stocks in the Lightning Round.

  • [By WWW.MONEYSHOW.COM]

    Prudential Financial (PRU) is also a major provider of asset management and retirement services. It focuses is on fixed income, a major liability during the past eight years of ultra-low interest rates.

  • [By Chuck Saletta]

    Prudential Financial (NYSE:PRU) has long had the Rock of Gibraltar as its corporate symbol, representing its solid financial position. With more cash and equivalents than debt on its balance sheet, and a total cash hoard of over $49 billion, Prudential still looks set up to handle some downright awful insurable losses. That’s its “Rock of Gibraltar” strength showing through.

Top 10 Insurance Stocks To Invest In Right Now: Aon Corporation(AON)

Advisors’ Opinion:

  • [By WWW.THESTREET.COM]

    We’re seeing the exact same price pattern playing out in shares of $29 billion risk and insurance consultancy firm Aon plc (AON) . Aon has been a strong performer for all of 2016, up 20% since the calendar flipped to January. But don’t worry if you’ve missed the move – an ascending triangle pattern is signaling a second leg higher here. For Aon, the breakout level to watch is resistance up at $113.

Top 10 Insurance Stocks To Invest In Right Now: Principal Financial Group Inc(PFG)

Advisors’ Opinion:

  • [By Ben Levisohn]

    The twenty stocks in Worth’s basket are: Ameriprise Financial (AMP) Bank of America, Banner (BANR), Citigroup, Citizens Financial Group (CFG), East West Bancorp (EWBC), First NBC Bank Holding (FNBC), HFF (HF), KeyCorp(KEY), Legacy Texas Financial Group (LTXB), Lincoln National (LNC), Morgan Stanley, Old National Bancorp (ONB), PacWest Bancorp (PACW), PNC Financial Services Group (PNC), Principal Financial Group (PFG), Stifel Financial (SF), SVB Financial Group (SIVB), TCF Financial (TCB), and Wells Fargo.

Top 10 Insurance Stocks To Invest In Right Now: American International Group Inc.(AIG)

Advisors’ Opinion:

  • [By Lisa Levin]

    Some of the stocks that may grab investor focus today are:

    Wall Street expects Dr Pepper Snapple Group Inc. (NYSE: DPS) to report quarterly earnings at $1.06 per share on revenue of $1.57 billion before the opening bell. Dr Pepper Snapple shares fell 0.07 percent to close at $93.49 on Monday.
    Analysts expect American International Group Inc (NYSE: AIG) to post quarterly earnings at $1.01 per share on revenue of $12.87 billion after the closing bell. AIG shares gained 0.38 percent to $66.39 in after-hours trading.
    Flowers Foods, Inc. (NYSE: FLO) reported in-line earnings for its fourth quarter, while sales missed expectations. Flowers Foods shares fell 1.87 percent to $20.45 in the after-hours trading session.
    Before the markets open, Diebold Nixdorf Inc (NYSE: DBD) is projected to report its quarterly earnings at $0.32 per share on revenue of $1.31 billion. Diebold Nixdorf shares slipped 0.73 percent to close at $27.20 on Monday.

    Find out what's going on in today's market and bring any questions you have to Benzinga's PreMarket Prep.

  • [By Ben Levisohn]

    American International Group (AIG) tumbled to the bottom of the S&P 500 today after its earnings fell well short of the Street consensus.

    Agence France-Presse/Getty Images

    AIG dropped 8.9% to $60.85 today, while the S&P 500 gained 0.5% to 2,349.25.

    Yes, AIG’s earnings were bad. It reported an operating loss of $2.72 a share, missing forecasts for a profit of 42 cents, according to Bloomberg. And it didn’t help that John Paulson’s Paulson & Co. cut its stake in the insurer.

    You’ll notice the forecast is different than what it was in my earlier post on AIG–and an AIG spokesperson even reached out to tell me that the consensus, at least according to FactSet, should had been for a loss of 61 cents a share. Why the confusion? RBC’s Mark Dwelle and Scott Heleniak have your answer:

    In reporting results AIG has recast all of its business segments, transferring various pieces to a Legacy unit, reallocating corporate expenses and net investment income as well as making some changes as to what is included within operating income, the most notable of which is that loss reserve discount effects in U.S. Commercial Insurance (and the Legacy unit) are now excluded from Operating Income. Accordingly, comparisons to prior reported results, and to some extent our 4Q16 estimates, require some reconciliation.

    Macquarie’sAmit Kumar considers the bull and bear cases on AIG:

    On 2/14, after market close, AIG reported a Q4 operating loss of $2.72 per share vs. our estimate of a $0.52 loss and street consensus of a $0.54 loss. Results are not directly comparable to street consensus due to lack of unanimity in terms of reserve adjustment estimates. Results included a higher than estimated $5.6 billion or $3.56/share of adverse development. The company had previously announced the possibility of a material reserve charge in the quarter. The bulls on the stock would note that this quar

  • [By Ben Levisohn]

    Heading into its earnings following the close of trading yesterday, shares of American International Group (AIG) had gained 34% from its low on Jun. 28 to Feb. 14. Then the bottom fell out.

Best Energy Stocks To Invest In Right Now

San Francisco, CA, based Investment company Dodge & Cox buys Express Scripts Holding Co, Suncor Energy Inc, Bristol-Myers Squibb Company, Juniper Networks Inc, UBS Group AG, Cemex SAB de CV, News Corp, America Movil SAB de CV, sells Royal Dutch Shell PLC, NetApp Inc, Adient PLC, Symantec Corp, Unilever PLC during the 3-months ended 2017-03-31, according to the most recent filings of the investment company, Dodge & Cox. As of 2017-03-31, Dodge & Cox owns 179 stocks with a total value of $117.7 billion. These are the details of the buys and sells.

Added Positions: ESRX, SU, NVS, BMY, JNPR, UBS, AZN, CX, MDT, GOOG, Reduced Positions: SLB, RDS.A, HPQ, NTAP, BK, ADNT, SYMC, DVMT, BHI, GLW, Sold Out: HES, LOGM, LOW, MS,

For the details of Dodge & Cox’s stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Dodge+%26+Cox

These are the top 5 holdings of Dodge & CoxBank of America Corporation (BAC) – 185,448,539 shares, 3.72% of the total portfolio. Shares reduced by 1.47%Wells Fargo & Co (WFC) – 71,190,652 shares, 3.37% of the total portfolio. Shares reduced by 0.48%Charles Schwab Corp (SCHW) – 95,552,125 shares, 3.31% of the total portfolio. Shares reduced by 1.11%Capital One Financial Corp (COF) – 44,582,892 shares, 3.28% of the total portfolio. Shares reduced by 1.39%Novartis AG (NVS) – 50,585,790 shares, 3.19% of the total portfolio. Shares added by 10.65%Added: Express Scripts Holding Co (ESRX)

Dodge & Cox added to their holdings in Express Scripts Holding Co by 35.99%. Their purchase prices were between $63.84 and $73.16, with an estimated average price of $68.81. The stock is now traded at around $62.47. The impact to their portfolio due to this purchase was 0.43%. Their holdings were 28,800,496 shares as of 2017-03-31.

Best Energy Stocks To Invest In Right Now: St. Jude Medical, Inc.(STJ)

Advisors’ Opinion:

  • [By Emily Stewart]

    Paulson picked up 45,500 shares of St. Jude Medical (STJ) . The stake is worth $3.5 million as of the end of the second quarter.

    St. Jude Medical develops, manufactures and distributes cardiovascular medical devices for cardiac rhythm management, cardiovascular, atrial fibrillation therapy areas and neurostimulation medical devices for the management of chronic pain. It has a $23.6 billion market cap and trades at a P/E of 36.03. 

Best Energy Stocks To Invest In Right Now: Ideal Power Inc.(IPWR)

Advisors’ Opinion:

  • [By Jim Robertson]

    On Thursday, our Under the Radar Moversnewslettersuggested smallcap electrical power conversion product stock Ideal Power Inc (NASDAQ: IPWR)as a long trade:

Best Energy Stocks To Invest In Right Now: QC Holdings Inc.(QCCO)

Advisors’ Opinion:

  • [By Monica Gerson]

    QC Holdings (NASDAQ: QCCO) shares tumbled 2.58% to reach a new 52-week low of $2.27. QC Holdings’ trailing-twelve-month profit margin is 0.60%.

    NewLead Holdings (NASDAQ: NEWL) shares dipped 6.56% to touch a new 52-week low of $0.08 after the company completed the acquisition of titles in the Viking Mine located in Kentucky, USA.

Hot Medical Stocks To Own Right Now

CAPE CORAL, Fla. A company that makes artificial limbs offered to help a Florida woman who lost both of her legs as she tried to help a crash victim on Interstate 75.

Joshua Ryder, a certified orthotist and owner of Island Coast Orthopedics here, said he read about the plight of Danielle Hagmann, 30, of North Fort Myers, Fla., and wanted to help. Hagmann, who has no medical insurance, remains in the intensive care unit at Lee Memorial Hospital in Fort Myers, Fla., after having one leg amputated just above the knee and the other at mid-thigh.

Hagmann witnessed a one-car crash along I-75 during a heavy rainstorm early Sundayas she was returning from an outing with a former high school classmate.

While she was helping the crashed motorist, the driver of another car was unable to swerve away from the damaged car partially in the road’s right lane, pinning Hagmann’s legs between the car and the guardrail.

Hot Medical Stocks To Own Right Now: Umicore S.A. (UMICF)

Advisors’ Opinion:

  • [By SEEKINGALPHA.COM]

    The other major cobalt miners (note their focus is mostly on copper and nickel or other commodities) include Eurasian Resources Group (private), Umicore SA (OTCPK:UMICF), Lundin Mining (TSX:LUN) (OTCPK:LUNMF), MMC Norilsk Nickel (OTCPK:NILSY) (LSX:MNOD), Vale S.A. (NYSE:VALE), BHP (NYSE:BHP), Jinchuan Group International Resources Co Ltd (HK:2362).

Hot Medical Stocks To Own Right Now: One Horizon Group, Inc.(OHGI)

Advisors’ Opinion:

  • [By Lisa Levin] Gainers
    Aimmune Therapeutics Inc (NASDAQ: AIMT) shares jumped 35 percent to $34.64 in response to failed DBVT peanut allergy trial.
    Exactech, Inc. (NASDAQ: EXAC) shares surged 30.9 percent to $41.88 after the company agreed to be acquired by TPG Capital for $42 per share in cash.
    Dextera Surgical Inc (NASDAQ: DXTR) shares climbed 27.6 percent to $0.238 after surging 40.48 percent on Friday.
    Petmed Express Inc (NASDAQ: PETS) jumped 21.8 percent to $44.73 as the company reported better-than-expected Q2 results.
    SenesTech Inc (NASDAQ: SNES) shares surged 21.7 percent to $1.95 after the company disclosed that Univar will be marketing and selling ContraPest.
    Yulong Eco-Materials Ltd (NASDAQ: YECO) shares gained 18.3 percent to $0.560.
    One Horizon Group Inc (NASDAQ: OHGI) shares rose 18 percent to $1.18.
    Atossa Genetics Inc (NASDAQ: ATOS) shares climbed 18 percent to $0.566. Atossa Genetics is schedule to host a conference call to announce preliminary results from Phase 1 study of oral Endoxifen on October 25, 2017.
    ReneSola Ltd. (ADR) (NYSE: SOL) shares rose 15.3 percent to $2.72
    Renren Inc (NYSE: RENN) shares gained 11.9 percent to $10.71 after gaining 2.68 percent on Friday.
    Kalvista Pharmaceuticals Inc (NASDAQ: KALV) shares rose 11.8 percent to $12.59. KalVista Pharma 13D filing from Longwood Fund showed registration for an 8.7 percent stake.
    Xunlei Ltd (NASDAQ: XNET) shares gained 9.4 percent to $7.20 after surging 25.33 percent on Friday.
    VF Corp (NYSE: VFC) shares surged 7.1 percent to $71.09 after the company reported upbeat earnings for its third quarter and raised its FY2017 guidance.
    CAI International Inc (NYSE: CAI) rose 6.6 percent to $39.70. Cowen & Co. upgraded CAI from Market Perform to Outperform.
    Agenus Inc (NASDAQ: AGEN) shares gained 5.7 percent to $4.58 as the company disclosed that GSK's shingle vaccine received FDA approval.
    Deltic Timber Corp (NYSE: DEL) shares climbed 5.6 percent to $94.11

Hot Medical Stocks To Own Right Now: Flowers Foods, Inc.(FLO)

Advisors’ Opinion:

  • [By Lisa Levin]

    Some of the stocks that may grab investor focus today are:

    Wall Street expects Dr Pepper Snapple Group Inc. (NYSE: DPS) to report quarterly earnings at $1.06 per share on revenue of $1.57 billion before the opening bell. Dr Pepper Snapple shares fell 0.07 percent to close at $93.49 on Monday.
    Analysts expect American International Group Inc (NYSE: AIG) to post quarterly earnings at $1.01 per share on revenue of $12.87 billion after the closing bell. AIG shares gained 0.38 percent to $66.39 in after-hours trading.
    Flowers Foods, Inc. (NYSE: FLO) reported in-line earnings for its fourth quarter, while sales missed expectations. Flowers Foods shares fell 1.87 percent to $20.45 in the after-hours trading session.
    Before the markets open, Diebold Nixdorf Inc (NYSE: DBD) is projected to report its quarterly earnings at $0.32 per share on revenue of $1.31 billion. Diebold Nixdorf shares slipped 0.73 percent to close at $27.20 on Monday.

    Find out what's going on in today's market and bring any questions you have to Benzinga's PreMarket Prep.

  • [By Dan Caplinger]

    Consumers across the nation know Flowers Foods (NYSE:FLO) from its Wonder bread, Tastykake snack cakes, and Nature’s Own bakery brands. Yet the truly novel thing about Flowers is how it has done such a good job of building up a national presence in an industry that is typically dominated by local competition. Coming into Monday’s fourth-quarter financial report, Flowers investors were hoping to see at least some growth in sales and earnings, but the bakery company wasn’t able to deliver the pace of expansion that most shareholders really want to see.

Hot Medical Stocks To Own Right Now: Avago Technologies Limited(AVGO)

Advisors’ Opinion:

  • [By Lee Jackson]

    Private equity giant Silver Lake also continued to sell shares of a big technology position. The company sold a million shares of Broadcom Ltd. (NASDAQ: AVGO) at prices that ranged from $210.06 to $212.26. The total for the sale was a staggering $200 million. Shares ended the week at 210.37. The 52-week range is $132.25 to $215.96. The consensus price objective is $218.87.

  • [By Lisa Levin]

    Technology sector was the top gainer in the US market on Friday. Top gainers in the sector included LivePerson, Inc. (NASDAQ: LPSN), Vicor Corp (NASDAQ: VICR), and Broadcom Ltd (NASDAQ: AVGO).

  • [By WWW.THESTREET.COM]

    Shares rose 6.3% after hours to $159.50, and made fresh highs. They’re now up 37% on the year. iPhone/iPad suppliers also got a boost: Cirrus Logic Inc. (CRUS)  rose 4.2% to $65.70, Skyworks Solutions Inc. (SWKS)  rose 3.1% to $107.50, Qorvo Inc.  (QRVO) rose 2.7% to $69.90, Jabil Inc.  (JBL) rose 1.2% to $30.78 and Broadcom Ltd. (AVGO)  rose 2.8% to $255.40.

  • [By Harsh Chauhan]

    More importantly, Apple could build around 120 million new iPhones this year as compared to 89 million units of the iPhone 7/7S in 2016 — according to Mizuho. This is great news for the other companies in Cupertino’s supply chain — such as Skyworks Solutions (NASDAQ:SWKS), Broadcom (NASDAQ:AVGO), and Cypress Semiconductor (NASDAQ:CY) — as they won’t have to wait until the second half of the year to bask in iPhone-driven glory.

  • [By Chris Lange]

    Broadcom Ltd. (NASDAQ: AVGO) short interest fell to 3.97 million shares in the period, from the previous of 4.43 million. Shares closed most recently at $176.75, in a 52-week range of $114.25 to $179.42.

Best Casino Stocks For 2018

It’s been a busy week for the folks at Patriot One Technologies (OTCQB: PTOTF) (TSX VENURE: PAT.V), and the way the stock is moving this morning, it doesn’t look like anyone is going to be leaving early today to get a jump on the weekend, either. On Tuesday of this week Patriot One announced a big bump in sales over the past three months of their award winning PATSCAN CMR concealed weapons detection system, with confirmed sales commitments topping $2.7 million for the period.

After product marketing began during the lead up to the ISC West trade show in Las Vegas earlier this year, Patriot One Technologies, based in Toronto, Ontario, has been receiving orders from locations spanning four continents, and new opportunities are opening as reseller influence grows. Patriot One sales efforts are currently focused on categories including houses of worship, academic institutions, event centers, casinos, commercial offices, hotel properties, government agencies and other locations at high risk of terrorist attack.

Best Casino Stocks For 2018: NovoCure Limited(NVCR)

Advisors’ Opinion:

  • [By Lisa Levin]

    Novocure Ltd (NASDAQ: NVCR) shares shot up 22 percent to $7.27 after the company posted a narrower-than-expected Q3 loss.

    Shares of TriNet Group Inc (NYSE: TNET) got a boost, shooting up 15 percent to $20.43. TriNet reported Q3 earnings of $0.29 per share on revenue of $770.5 million.

Best Casino Stocks For 2018: Griffin Industrial Realty, Inc.(GRIF)

Advisors’ Opinion:

  • [By Lisa Levin]

    In trading on Friday, cyclical consumer goods & services shares fell 0.01 percent. Meanwhile, top losers in the sector included Griffin Industrial Realty Inc (NASDAQ: GRIF), down 5 percent, and Movado Group, Inc (NYSE: MOV) down 5 percent.

Best Casino Stocks For 2018: Molson Coors Brewing Company(TAP)

Advisors’ Opinion:

  • [By ]

    Not to be outdone, industry behemoth Molson Coors Brewing Co. (NYSE:TAP) announced it might soon throw its hat into the ring. Think about it one of the most recognizable big brewers in the country will soon look to expand into the cannabis business.

  • [By Mark Fritz]

    Price Target: 116 euros.

    Molson Coors Brewing Co (NYSE: TAP): Sell.
    Price Target: $78.

    Boston Beer Company Inc (NYSE: SAM): Sell.

    Price Target: $124.

  • [By Seth McNew]

    It isn’t the only beer company facing hardships now, and in fact, it’s still growing faster than its largest competitors — Sam Adams parent Boston Beer (NYSE:SAM) and Molson Coors Brewing (NYSE:TAP). Boston Beer’s total sales fell 5.4% in 2016, year over year, and Molson Coors’ sales were down 2.3%.

  • [By WWW.THESTREET.COM]

    In the past, Cramer has been a fan of both Constellation as well as Molson Coors (TAP) , which was able to snap up all the Miller and Coors brands last year for $12 billion. That deal is expected to boost Molson’s earnings by 25% this year.

  • [By Jayson Derrick]

    The Canadian beer market, much like the American beer market, is seeing a growth in craft products at the expense of established players. And one of the biggest established beer makers in Canada is Molson Coors Brewing Co (NYSE: TAP), Bereneberg’s Javier Gonzalez Lastra and Matt Reid commented in an initiation note.

Best Casino Stocks For 2018: iShares iBoxx $ High Yield Corporate Bd (HYG)

Advisors’ Opinion:

  • [By WWW.GURUFOCUS.COM]

    For the details of Summit Rock Advisors, LLC’s stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Summit+Rock+Advisors%2C+LLC

    These are the top 5 holdings of Summit Rock Advisors, LLCiShares Core MSCI Emerging Markets (IEMG) – 429,614 shares, 64.03% of the total portfolio. Shares added by 260.59%iShares iBoxx $ High Yield Corporate Bond (HYG) – 136,617 shares, 35.97% of the total portfolio. Shares added by 114.13%iShares MSCI ACWI Index Fund (ACWI) – 0 shares, 0% of the total portfolio. Shares reduced by 10000%Added: i

  • [By WWW.KIPLINGER.COM]

    When most people think high-yield bonds, theyre thinking junk as in corporate junk. So typically, most lists of must-have ETFs include a nod toward either iShares iBoxx $ High Yield Corporate Bond ETF (HYG) or SPDR Barclays High Yield Bond ETF (JNK).

  • [By Todd Shriber, ETF Professor]

    The iShares iBoxx $ High Yield Corporate Bond ETF (NYSE: HYG) and the SPDR Bloomberg Barclays High Yield Bond ETF (NYSE: JNK), the two largest junk bond ETFs by assets, are both down 2 percent over the past week. Investors are departing junk bond ETFs, but even with the recent outflows, HYG and JNK have nearly $30 billion in assets under management. Given that heft, when these ETFs cough, many traders ponder whether equity markets are getting a cold.

  • [By WWW.THESTREET.COM]

    Position: Long GLD small, bonds, SDS; short TLT small, SPY small .