Adding to the upheaval at major brokerages, Bank of America Merrill Lynch and UBS Wealth Management Americas have scored four high-performing advisers from other firms.
Merrill Lynch is adding advisers who previously managed more than $500 million in assets, while UBS is bringing in advisers who worked with nearly $350 million — adding to a flurry of adviser movement at top brokerages after what had been a year of mostly anemic turnover. Industry watchers say the increased activity is being driven by high incentive packages, regulatory concerns, smaller retention packages and advisers' frustration with the bureaucracy at their firms.
Diane Padalino joined Merrill Lynch's Denver office last month after overseeing $325 million in clients' assets from The Goldman Sachs Group Inc., Merrill spokeswoman Ana Sollitto said on Monday.
Top 5 Building Product Companies To Own In Right Now: Accretive Health Inc. (AH)
Accretive Health, Inc. provides revenue cycle management services for hospitals and healthcare providers in the United States. It offers integrated revenue cycle management services that help healthcare providers to manage their revenue cycles, which encompass patient registration, insurance and benefit verification, medical treatment documentation and coding, bill preparation, and collections; quality and total cost of care services, which enable healthcare providers to manage the health of a defined patient population by identifying those individuals who are most likely to experience an adverse health event; and physician advisory services. Accretive Health, Inc. serves multi-hospital systems, including faith-based or community healthcare systems, academic medical centers, independent ambulatory clinics, and physician practice groups. The company was formerly known as Healthcare Services, Inc. and changed its name to Accretive Health, Inc. in August 2009. Accretive Healt h, Inc. was founded in 2003 and is headquartered in Chicago, Illinois.
Advisors' Opinion:- [By Jon C. Ogg]
Accretive Health Inc. (NYSE: AH) was downgraded to Neutral from Outperform at Credit Suisse.
Beam Inc. (NYSE: BEAM) was downgraded to Hold from Buy based on valuation at Argus.
- [By Laura Brodbeck]
Wednesday
Earnings Expected From: Accretive Health, Inc (NYSE: AH), Monsanto Company (NYSE: MON), UniTek Global Services, Inc. (NASDAQ: UNTK) Economic Releases Expected: Eurozone interest rate decision and PPI data, US National Employment Report, British construction PMIThursday
10 Best Performing Stocks To Buy For 2014: Sky-mobi Limited(MOBI)
Sky-mobi Limited engages in the operation of a mobile application store in the People?s Republic of China. It works with handset companies to pre-install its Maopao mobile application store on handsets and with content developers to provide users with applications and content titles. The users of its Maopao store could browse, download, and purchase a range of applications and content, such as single-player games, mobile music, and books. The company?s Maopao store enables mobile applications and content to be downloaded and run on various mobile handsets with hardware and operating system configurations. It also operates a mobile social network community, the Maopao Community, where it offers localized mobile social games, as well as applications and content with social network functions to its registered members. The company owns proprietary mobile application technology in the cloud computing, the MRP format, and SDK development environment. As of March 31, 2011, it had entered into cooperation agreements with approximately 523 handset companies to pre-install Maopao. The company was formerly known as Profit Star Limited and changed its name to Sky-Mobi Limited in October 2010. Sky-mobi Limited was incorporated in 2007 and is headquartered in Hangzhou, China.
Advisors' Opinion:- [By Roberto Pedone]
Another stock that's starting to move within range of triggering a big breakout trade is Sky-mobi (MOBI), which, through its subsidiaries, engages in the operation of a mobile application platform embedded on mobile phones to provide mobile application store and services in the People�s Republic of China. This stock has been red hot so far in 2013, with shares up a whopping 88%.
If you look at the chart for Sky-mobi, you'll notice that this stock recently formed a triple bottom chart pattern at $3.31, $3.28 and $3.40 a share. That bottoming pattern occurred over the last two months. Shares of MOBI have now started to uptrend and flirt with its 50-day moving average of $3.76 a share. That move is quickly pushing MOBI within range of triggering a big breakout trade.
Traders should now look for long-biased trades in MOBI if it manages to break out above some near-term overhead resistance levels at $3.71 to $3.83 a share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average action of 145,934 shares. If that breakout triggers soon, then MOBI will set up to re-test or possibly take out its 52-week high at $4.96 a share. Any high-volume move above that level will then give MOBI a chance to tag its next major overhead resistance levels at $5.55 to $6.13 a share.
Traders can look to buy MOBI off any weakness to anticipate that breakout and simply use a stop that sits right below some key near-term support levels at $3.40 to $3.28 a share. One can also buy MOBI off strength once it takes out that breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point.
- [By Monica Gerson]
Sky-mobi (NASDAQ: MOBI) is projected to report its Q2 results.
Perfect World Co (NASDAQ: PWRD) is estimated to post its Q2 earnings at $0.41 per share on revenue of $150.56 million.
10 Best Performing Stocks To Buy For 2014: Full Circle Capital Corporation (FULL)
Full Circle Capital Corporation is a business development company and operates as an externally managed non-diversified closed-end management investment company. It invests in debt and equity securities of smaller and lower middle-market companies with annual revenues between $3 million and $75 million. The company primarily invests in various categories of debt comprising asset-based senior secured loans, subordinated or unsecured loans, and mezzanine loans. It seeks to invest in a range of industries with a focus on media, communications, and business services. The company primarily seeks to invest between $3 million and $10 million. However, it can also make larger investments.
Advisors' Opinion:- [By Monica Wolfe]
Full Circle Capital Corp (FULL)
Over the past week there were two insiders making four buys into Full Circle Capital.� These buys come as the company�� price has hit its lowest price since Nov. 2011.
10 Best Performing Stocks To Buy For 2014: Hanesbrands Inc. (HBI)
Hanesbrands Inc., a consumer goods company, engages in the design, manufacture, sourcing, and sale of apparel essentials in the United States and internationally. Its product portfolio includes T-shirts, bras, panties, men?s underwear, kids? underwear, casualwear, activewear, socks, and hosiery. The company offers its products under the brand names of Hanes, Champion, Playtex, Bali, L?eggs, Just My Size, barely there, Wonderbra, Stedman, Outer Banks, Zorba, Rinbros, and Duofold. Hanesbrands also licenses its Champion name for collegiate apparel and footwear. The company sells its products through various distribution channels, which include mass merchants, national chains and department stores, direct to Consumer, and other retail channels, such as embellishers, specialty retailers, and sporting goods stores. As of January 2, 2010, it operated 228 outlet stores. The company is headquartered in Winston-Salem, North Carolina. Hanesbrands Inc. operates independently of Sara L ee Corp. as of September 5, 2006.
Advisors' Opinion:- [By , Zacks Investment Research]
Investors seeking exposure to the ��pparel��industry could look at HanesBrand (HBI), a Zacks Rank #1 (Strong Buy) stock.
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- [By Geoff Gannon] en are Wal-Mart, Target, the dollar stores, etc.
And the end user (consumer) is really the female head of the household. This is complicated somewhat in almost all situations by the possibility ��as we have with Hanes ��where the user is not always the purchaser. Plenty of underwear purchases are not made by the person who will use the product. But they are obviously an influencer of the purchase decision.
The strongest example of this is kids' toys. Kids do not buy toys. Parents buy toys. But kids influence the parents.
For many companies, sales are first made to distributors, then go from distributors to retailers, then from retailers to households. And even within the household the buyer may not be the user.
It is helpful to make these distinctions. And not to be overly technical about the way accounting defines customers, etc.
For example, a key group to consider with Western Union is agents. The way Western Union's statements are prepared, however, treat agents simply as an expense line with their revenue belonging to Western Union. The reality is more complicated. Western Union's financial statements appear to have a ton of variable costs in them. But this is really all just agent expense. The business is in reality a very fixed-cost business. Once an agent is in place an additional customer of that agent adds to the bottom line of both the agent and Western Union to a very great extent relative to the fees that customer pays. In other words, marginal revenue turns into marginal profit very easily.
When considering investing in a company like Western Union, you have to think about both agents and customers. It would be wrong to focus only on customers. The agents are a key part of the business. In many ways, they are the best chance of having a competitive advantage. So it is Western Union's job to attract both agents and customers.
That is the kind of thing Warren Buffett would intuitively understand and focus
10 Best Performing Stocks To Buy For 2014: USANA Health Sciences Inc.(USNA)
USANA Health Sciences, Inc. develops, manufactures, distributes, and sells nutritional and personal care products worldwide. It offers the USANA Nutritionals product line, which consists of essentials, which include vitamin and mineral supplements that provide a foundation of nutrition for various age groups; optimizers that are targeted supplements supporting needs, such as cardiovascular health, skeletal/structural health, and digestive health; and foods comprising low-glycemic meal replacement shakes, snack bars, and other related products that offer optimal macro-nutrition. Its Sense product line comprises personal care products that support healthy skin and hair. The company also offers materials and online tools, such as associate starter kit and product brochures that are designed to assist associates in building their businesses and in marketing our products. USANA Health Sciences, Inc. primarily distributes its products through a network marketing system of indepe ndent distributors. The company was founded in 1992 and is headquartered in Salt Lake City, Utah.
Advisors' Opinion:- [By Seth Jayson]
USANA Health Sciences (NYSE: USNA ) reported earnings on April 23. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 30 (Q1), USANA Health Sciences met expectations on revenues and beat expectations on earnings per share. - [By Ben Levisohn]
Nu Skin has plunged 20% to $92.52 today at 10:51 a.m., and has dragged down other multi-level marketers with it. Herbalife (HLF) has dropped 5.9% to $74.74, while Usana Health Sciences (USNA) has fallen 9.1% to $59.77.
10 Best Performing Stocks To Buy For 2014: Micron Technology Inc.(MU)
Micron Technology, Inc., together with its subsidiaries, engages in the manufacture and marketing of semiconductor devices worldwide. Its products include dynamic random access memory (DRAM) products that provide data storage and retrieval, which include DDR2 and DDR3; and other specialty DRAM memory products, including DDR, SDRAM, DDR and DDR2 mobile low power DRAM, pseudo-static RAM, and reduced latency DRAM. The company also offers NAND flash memory products, which are electrically re-writeable and non-volatile semiconductor devices that retain content when power is turned off. In addition, it provides NOR flash memory products that are electrically re-writeable and non-volatile semiconductor memory devices; phase change memory products; and image sensor products. Micron Technology?s products are used in a range of electronic applications, including personal computers, workstations, network servers, mobile phones, flash memory cards, USB storage devices, digital still c ameras, MP3/4 players, and in automotive applications. It sells its products to original equipment manufacturers and retailers through internal sales force, independent sales representatives, and distributors, as well as through a Web-based customer direct sales channel. The company was founded in 1978 and is headquartered in Boise, Idaho.
Advisors' Opinion:- [By jaggom]
Micron Technology (MU) is on a roll of late due to a rise in the prices of NAND and DRAM this year. Most of the manufacturers have decided to decrease the supply, which in turn has helped memory chip makers to deliver positive results after a disappointing period in the last year.
- [By Garrett Cook]
Micron Technology (NASDAQ: MU) shares were also up, gaining 4.64 percent to $32.71 after the company reported better-than-expected fiscal third-quarter earnings. Micron posted its adjusted earnings of $0.79 per share, beating analysts’ estimates of $0.69 per share.
10 Best Performing Stocks To Buy For 2014: Mint Corp (MIT)
The Mint Corporation is a vertically integrated prepaid card and payroll services provider with its own ATM network, payment processing platform and branded card product, including microcredit, mobile top up and money remittance services delivered seamlessly to workers globally. The Company operates through Mint Middle East LLC (MME), Mint Capital LLC (MCO), Mint Global Processing LLC (MGP) and Mint Electronic Payment Services LLC (MEPS). MME is a payroll card services provider facilitating an automated and secure payroll system to employers in the United Arab Emirates (UAE). MGP is an integrated third party processing platform and operates as a third party transaction processor to be based in the UAE. MCO manages the microfinance product in collaboration with Mawarid Finance PJSC. MEPS was formed to operate the business assets acquired from ePAY, a division of Global Business Systems for Multimedia. Advisors' Opinion:- [By Rahul Chattaraj]
Ford Motor (F) announced on Wednesday that it would start working with two U.S. universities to initiate research for driverless cars. The carmaker has teamed up with Stanford University and the Massachusetts Institute of Technology (MIT) to work out ways to overcome ��echnical challenges��surrounding this segment.
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