Nervous investors — and their financial advisors — watched closely on Monday for signs of where the markets are headed now that the Federal Reserve has spoken and U.S. government bond yields have headed to their highest levels in almost two years.
On Monday, Treasuries extended their selloff, with the benchmark 10-year note yield reaching as high as 2.667% by midafternoon, and stocks dropped across the board.
Economists, meanwhile, are trying to figure out just where the Fed is headed — for example, Bank of America-Merrill Lynch’s Global Economics Research team said Thursday that it didn’t expect the Fed to begin tapering the pace of its quantitative easing program until early 2014. But by Friday, the team changed its mind and released a new Fed call: “We now expect the Fed to announce tapering in December with the first rate hike to begin in summer 2015.”
(Find out how to manage the turmoil: Register for AdvisorOne’s premiere advisorcentric Virtual ETF Summit, which starts July 23, and features Rick Ferri, Ron Delegge, Skip Schweiss.)
Top Financial Stocks For 2014: United Dominion Realty Trust Inc. (UDR)
UDR, Inc. is an independent real estate investment trust. The firm invests in the real estate markets of the United States. It owns, operates, acquires, renovates, develops, redevelops, and manages multifamily apartment communities. The firm was previously known as United Dominion Realty Trust, Inc. UDR, Inc. was founded in 1972 and is headquartered in Denver, Colorado with additional offices in Dallas, Texas; Houston, Texas; Newport Beach, California; Orlando, Florida; Phoenix, Arizona; Santa Clara, California; Tampa, Florida; and Washington DC, Virginia.
Advisors' Opinion:- [By Sean Williams]
Take UDR (NYSE: UDR ) or Equity Residential (NYSE: EQR ) as perfect examples. Both have successfully been adding new communities and making FFO-accretive acquisitions in order to expand their rental portfolios. But, UDR and Equity Residential now boast debt-to-equity ratios in excess of 110%, with UDR carrying $3.5 billion in net debt and Equity Residential lugging around close to $11.6 billion in net debt. Although this debt has been refinanced or taken out in many cases as historically low lending levels, higher rates could stall community expansion for this sector and hurt bottom-line profits because of interest payments.
- [By The Part-time Investor]
The following stocks met the criteria in January of 2008 and were put into the initial portfolio:
Abbot Labs (ABT)Advanced data processing (ADP)Associated Banc-Corp (ASBC)Bank of America (BAC)BB&T Corp. (BBT)Bemis Company (BMS)Anheuser Busch (BUD)The Chubb Corporation (CB)Clorox (CLX)Comerica Inc. (CMA)Diebold Inc. (DBD)Emerson Electronics (EMR)First Dollar Corp. (FDO)First Third BanCorp. (FITB)Gannett Co, Inc. (GCI)General Electric (GE)Hershey (HSY)Illinois Tools Works (ITW)Johnson and Johnson (JNJ)Leggett and Platt (LEG)Eli Lilly (LLY)La-Z-Boy (LZB)McDonald's (MCD)Marsh and Ilsley (MI)M&T Bancorp (MTB)PepsiCo (PEP)Pfizer (PFE)Procter & Gamble (PG)Pentair Ltd. (PNR)Regions Financial Corp. (RF)Rohm and Haas (ROH)RPM International (RPM)Sherwin Williams (SHW)Sysco Corp. (SYY)UDR Inc. (UDR)Historical quotes were taken from Yahoo Finance. $10,000 was put into each position, to the nearest whole share, so a total of $349,262.89 was invested. From 1/15/08 through 5/16/13 all dividends were reinvested back into the stock that paid them. If a dividend cut was announced, that stock was sold on the ex-div date of the new, lower dividend.
- [By Sean Williams]
Everything's peachy for residential REITs!
However, what terrible news exists for homebuilders could turn into fantastic news for the residential-REIT sector. You see, if lending rates begin to rise because the Fed is paring back its bond purchases, then it will remove the consumer incentive to purchase a home and will drive people back into renting -- which is great news for the big three residential REITS: Equity Residential, AvalonBay Communities (NYSE: AVB ) , and UDR (NYSE: UDR ) .
Top Financial Stocks For 2014: Bryn Mawr Bank Corporation(BMTC)
Bryn Mawr Bank Corporation operates as the holding company for The Bryn Mawr Trust Company, which provides various commercial and retail banking services. The company accepts demand, time, and savings deposits; and makes commercial, real estate, and consumer loans, as well as other extensions of credit, including leases. It offers wealth management services, such as trust administration and fiduciary, custody, investment management and advisory, employee benefit account and IRA administration, estate settlement, tax, financial planning, and brokerage services. The company also provides casualty, property, and allied insurance, as well as life insurance, annuities, medical insurance, and accident and health insurance for groups and individuals. In addition, it offers title search and abstract services; mortgage services; and equipment leasing services. As of December 31, 2009, the company had nine full service branches and seven life care community offices in Montgomery, De laware, and Chester counties. Bryn Mawr Bank Corporation was founded in 1889 and is headquartered in Bryn Mawr, Pennsylvania.
Hot Tech Companies To Invest In Right Now: Millenium India Acquisition Company Inc.(SMCG)
Millennium India Acquisition Company Inc. is a close-ended investment company. The firm primarily intends to effect a merger, capital stock exchange, asset acquisition, or other similar transaction with one or more businesses that have operations primarily in India. It seeks to invest in companies operating in the financial services sector, healthcare, infrastructure and consumer, retail, and hospitality sectors. The firm primarily invests in private equity of SMC Group. Millennium India Acquisition Company Inc. was formed on March 15, 2006 and is domiciled in the United States.
Top Financial Stocks For 2014: OneBeacon Insurance Group Ltd.(OB)
OneBeacon Insurance Group, Ltd., through its subsidiaries, operates as a specialty property and casualty insurance company in the United States. Its businesses include International Marine Underwriters, which offers ocean marine insurance products; OneBeacon Technology Insurance that provides professional and products liability, data privacy, property, and business income policies for the technology sector; Specialty Accident and Health, which offers accident and health insurance products; OneBeacon Government Risks that provides property, casualty, and professional liability products for municipalities and counties, and special districts; and OneBeacon Energy Group, which offers property, inland marine, and casualty products for the energy industry. The company?s businesses also comprise OneBeacon Professional Insurance that provides professional, employment practices, and management liability policies, as well as healthcare provider excess insurance and HMO reinsurance; OneBeacon Property and Inland Marine, which offers monoline property and inland marine products; OneBeacon Specialty Property that provides excess property and inland marine coverage; and OneBeacon Excess and Surplus, which offers insurance products in the excess and surplus market. In addition, its businesses include Collector Cars and Boats that provide insurance for collectible vehicles and wooden boats, automotive museums, and restoration shops; A.W.G. Dewar, which offers tuition reimbursement insurance; OneBeacon Entertainment that provides commercial insurance for entertainment, sports, and leisure industries; and AutoOne, which offers automobile insurance products in the assigned risk market. It markets its products through independent agencies, regional and national brokers, wholesalers, and managing general agencies. The company was founded in 1831 and is headquartered in Minnetonka, Minnesota. OneBeacon Insurance Group, Ltd. is a subsidiary of White Mountains Insu rance Group, Ltd.
Top Financial Stocks For 2014: Merchants Bancshares Inc.(MBVT)
Merchants Bancshares, Inc. operates as the bank holding company for The Merchants Bank that provides commercial banking products and services in Vermont. The company offers various deposit products, which comprise interest bearing and non-interest bearing checking accounts, money market accounts, club accounts, health savings accounts, and short-term and long-term certificates of deposit, including a flexible CD instrument. It also provides credit programs, such as secured and unsecured installment lending, home equity lines of credit, home mortgages, and credit cards; one-to-four-family residential mortgages, and residential construction and seasonal dwelling mortgages; and consumer loans, such as home improvement and home equity lines of credit, and various personal loans. In addition, Merchants Bancshares offers cash management services, which comprise investment sweep, line of credit sweep, multiple sweep, and funds concentration; and customary check collection service s, wire transfers, safe deposit box rentals, and automated teller machine services, and debit cards. Further, the company provides investment management, financial planning, and trustee services; commercial online banking services; bill payment services; and lock box services, night depository, coin and currency handling, and balance reporting services. As of December 31, 2009, it operated 34 full-service banking offices and 42 automated teller machines in Vermont. The company was founded in 1849 and is headquartered in South Burlington, Vermont.
Top Financial Stocks For 2014: Peoples Bancorp Inc.(PEBO)
Peoples Bancorp Inc. operates as a holding company for Peoples Bank, National Association that provides financial products and services. It offers commercial and retail banking, insurance, brokerage, and trust services. The company accepts various deposit products, including demand deposit accounts, savings accounts, money market accounts, and certificates of deposit; and provides commercial, consumer, and real estate mortgage loans, as well as lines of credit. It also offers debit and automated teller machine (ATM) cards; corporate and personal trust services; safe deposit rental facilities; travelers checks, money orders, and cashier?s checks; and telephone and Internet-based banking services. In addition, the company provides a range of life, health, and property and casualty insurance products; and fiduciary and wealth management services. Further, it offers brokerage services through an unaffiliated registered broker-dealer; and credit cards to consumers and business es, as well as provides merchant credit card processing services through joint marketing arrangements with third parties. The company offers its financial products and services through 47 financial service locations and 40 ATMs in southeastern Ohio, northwestern West Virginia, and northeastern Kentucky. Peoples Bancorp Inc. was founded in 1902 and is based in Marietta, Ohio.
Top Financial Stocks For 2014: Administradora de Fondos de Pensiones-Provida S.A.(PVD)
Administradora de Fondos de Pensiones Provida S.A. offers private pension fund administration and related services in the Republic of Chile. Its services include collection for individual capitalization accounts, voluntary savings accounts, voluntary pension savings, life and disability benefits, investment services, and accounts administration. The company also holds investments in private pension fund administrators operating in Peru, Ecuador, Mexico, and the Dominican Republic. As of June 30, 2005, it operated 134 branches. The company was incorporated in 1981 and is headquartered in Santiago, Chile. Administradora de Fondos de Pensiones Provida SA operates as a subsidiary of Banco Bilbao Vizcaya Argentaria, Chile S.A.
Advisors' Opinion:- [By John Udovich]
While America�� middle class appears to be shrinking with little upward mobility, small cap wealth management stocks Noah Holdings Limited (NYSE: NOAH) and A.F.P Provida SA (NYSE: PVD)�plus larger cap Affiliated Managers Group, Inc (NYSE: AMG) are managing money in places where the ranks of the middle class and the wealthy are still growing strong. Specifically, Noah Holdings Limited is based in China, Chile based A.F.P Provida SA is spreading its footprint into other Latin American countries and the�Affiliated Managers Group is growing�a global footprint. For those reasons, you have probably not heard of these wealth management stocks, but here are some reasons why you might want to consider investing in one:
Top Financial Stocks For 2014: Lakeland Bancorp Inc.(LBAI)
Lakeland Bancorp, Inc. operates as the bank holding company of Lakeland Bank, which provides various commercial and consumer banking products and services to small and medium-sized businesses, professionals, and individuals primarily in northern New Jersey. The company's depository products include checking accounts, savings accounts, demand deposits, time deposits, NOW accounts, money market accounts, and certificates of deposit. It also offers short and medium term loans, lines of credit, letters of credit, inventory and accounts receivable financing, real estate construction loans, mortgage loans, merchant credit card services, secured and unsecured loans, consumer installment loans, and commercial and industrial loans. In addition, the company provides wire transfer, Internet banking, night depository services, and safe deposit services; cash management services, such as remote capture of deposits and overnight sweep repurchase agreements; and investment and advisory s ervices. It operates 47 banking offices in Bergen, Essex, Morris, Passaic, Sussex, and Warren counties in New Jersey. The company was founded in 1969 and is headquartered in Oak Ridge, New Jersey.
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