Though holidays are a few months away, investors are being treated to a Dickens-like story when it comes to Citigroup (NYSE: C ) . Much like the ghosts of Christmas past, Christmas present, and Christmas yet to come, Citigroup is a bank showing its past, present, and future -- all in one earnings report. The good news for investors is, unlike in Scrooge's story, the company's future isn't scary at all.
The ghost of Christmas past
Most of Citigroup's large bank peers have elected to keep their "good" and "bad" assets lumped together. This is a big part of the reason peer banks like Bank of America (NYSE: BAC ) and Wells Fargo (NYSE: WFC ) report their non-performing assetpercentages at 2.3% and 2.6%.�JPMorgan Chase (NYSE: JPM ) also lumps its good and bad assets together, but the bank's non-performing asset percentage is just 1.5%, which shows there is a fair disparity between the biggest banks.�.
Citigroup's ghost of Christmas past is represented by the Citi Holdings division. This represents the assets that Citigroup would like to dispose of. Citi Holding's non-performing asset percentage is terrible -- at 3.6%, almost as frightening as when Marley first appeared to Scrooge. The good news is, this isn't a clear picture of Citigroup today.
Best Performing Stocks To Invest In Right Now: INVESCO UK PROPERTY INCOME TRUST ORD NPV (IPI.L)
Invesco Property Income Trust Limited and its subsidiaries operate as a property investment company in the United Kingdom and continental Europe. The company primarily invests in a diversified portfolio of freehold and leasehold commercial properties. Its property portfolio comprises investments in office, retail, and industrial sectors. As of September 30, 2007, the company owned interests in 51 properties. Invesco International Limited serves as the manager of the company. Invesco Property Income Trust was founded in 2004. It was formerly known as INVESCO UK Property Income Trust Limited and changed its name to Invesco Property Income Trust Limited in 2006. The company is based in St Helier, the Channel Islands.
Best Performing Stocks To Invest In Right Now: TII Network Technologies Inc.(TIII)
Tii Network Technologies, Inc., together with its subsidiaries, designs, manufactures, and sells products for use in the networks to service providers in the communications industry in the United States. It provides network interface devices (NID), including overvoltage surge protectors, digital subscriber line (DSL) service splitters, and customer bridge modules; building entrance terminals; and accessories comprising station protectors, customer wiring modules, electro-magnetic interference filters, and line test modules. The company also offers broadband products, such as DSL electronic products that include xDSL plain old telephone service splitters to isolate voice and data signals; Outrigger, an outdoor intelligent residential gateway; HomePlug technology that enables networking of voice, data, and audio devices through the consumers? AC power lines. In addition, it provides connectivity products consisting of connector block and terminal block products; voice over I nternet protocol products; switchable voice NID products; voice intercom systems for use in multi-dwelling units; and wire terminals and other connectivity products. Further, the company offers fiber optic products which comprise wall mount enclosures, rack mount enclosures, OSP fiber enclosures, cable assemblies, miscellaneous fiber accessories, and optic network terminals installation accessories. Additionally, it offers overvoltage surge protection products, including two and three electrode gas tubes; station overvoltage surge protectors; protector modules; and protector packs and cat 5 cat 6 protection products, as well as other surge protection products comprising a 75 ohm coaxial protector for cable networks; a 50-ohm coaxial protector for wireless service providers? cell sites; a gel-sealed Ethernet data protector; and power line/data line protectors for personal computers and home entertainment systems. The company was founded in 1964 and is headquartered in Edgewoo d, New York.
Hot Stocks To Buy For 2014: (FTE.AX)
Forte Energy NL engages in the exploration, evaluation, and development of uranium and energy-related projects worldwide. It holds 7 uranium exploration licences covering 8,103 square kilometers in the Republic of Mauritania, West Africa; and 4 uranium prospecting permits for uranium and rare earth elements covering 847 square kilometers located in the Republic of Guinea, West Africa. The company was formerly known as Murchison United NL and changed its name to Forte Energy NL in November 2008. Forte Energy NL is based in West Perth, Australia.
Best Performing Stocks To Invest In Right Now: Royal And Sun Alliance(RSA.L)
RSA Insurance Group plc, through its subsidiaries, provides personal and commercial general insurance products and services worldwide. Its personal insurance products include motor, household, travel, and pet insurance; and commercial products comprise motor, marine, engineering, liability, property, and professional financial insurance. It also provides insurance coverage for a range of renewable energy technologies, including wind energy, solar energy, small hydro, and bio energy. In addition, the company offers claim handling and insurance brokerage services. It distributes its products through brokers and affinity partnerships. The company was formerly known as Royal & Sun Alliance Insurance Group plc and changed its name to RSA Insurance Group plc in 2008. RSA Insurance Group plc was founded in 1710 and is based in London, the United Kingdom.
Best Performing Stocks To Invest In Right Now: Uranium Resources Inc.(URRE)
Uranium Resources, Inc. engages in the acquisition, exploration, development, and mining of uranium properties, using the in situ recovery or solution mining process. It owns developed and undeveloped uranium properties in South Texas; and undeveloped uranium properties in New Mexico. The company?s primary customers include utilities who utilize nuclear power to generate electricity. Uranium Resources, Inc. was founded in 1977 and is based in Lewisville, Texas.
Advisors' Opinion:- [By John Udovich]
Since the start of the week, small cap nuclear fuel stock USEC Inc (NYSE: USU) more than doubled for investors, something that has not happened for investors in uranium stocks like Uranium Resources, Inc (NASDAQ: URRE), Denison Mines Corp (NYSEMKT: DNN), Ur-Energy Inc. (NYSEMKT: URG) and Uranerz Energy Corp (NYSEMKT: URZ). To recap: USEC Inc closed at the $6 level on Friday, but then it surged to the $15 level on Monday only to open at the $10 level on Tuesday when it ultimately closed at $12.46. So what in the world is going on with USEC Inc and is it time to revisit nuclear fuel and uranium stocks?
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