Goldman Sachs reported on Monday that it has raised its rating on Royal Dutch Shell plc (RDS-A).
The firm has upgraded Shell from “Sell” to “Buy,” and has raised the company’s price target from $69 to $71. This new price target suggests a 7% upside from the stock’s current price of $65.88.
An analyst from the firm noted: “We believe that the underlying business is sound and highly cash generative, with higher exposure than peers to long-lived assets and slightly better production/cash flow growth in the coming years. TOTAL�� 15% outperformance since indicating a capex reduction and upside to disposals shows in our view how eager the market is for improvements in capital efficiency, and we believe that Shell�� new management is most likely to steer the market in that direction from very low expectations.”
Top 10 Dow Dividend Stocks For 2015: Webster Financial Corp (WBS)
Webster Financial Corporation (Webster), incorporated on September 10, 1986, is a bank holding company and financial holding company. Webster�� principal asset as of December 31, 2012, was Webster Bank, National Association (Webster Bank). Webster, through Webster Bank and various subsidiaries, delivers financial services to individuals, families and businesses primarily throughout southern New England and into Westchester County, New York. Webster provides business and consumer banking, mortgage lending, financial planning, trust and investment services through 167 banking offices, 293 automated teller machines (ATMs), telephone banking, mobile banking and its Internet Website www.websterbank.com. Webster also offers equipment financing, commercial real estate lending and asset-based lending across the Northeast. Webster Bank offers health savings accounts on a nationwide basis, through its HSA Bank division and its Internet Website www.hsabank.com. Webster�� operations are managed along four business segments: Commercial Banking, Retail Banking, Consumer Finance and Other. Other includes Health Savings Accounts (HSA) and Private Banking (including Webster Financial Advisors (WFA)).
Commercial Banking
The Commercial Banking segment includes middle market, asset-based lending, commercial real estate, equipment finance, and Government and not-for-profit banking. Webster�� Commercial Banking group provides lending, deposit and cash management services to middle market companies in its franchise territory. Additionally, it serves as a primary referral source to Wealth Management and Retail Banking.
Retail Banking
Retail Banking serves consumers and small businesses primarily throughout southern New England and into Westchester County, New York, with a distribution network of 167 banking offices and 293 owned ATMs, and a full range of Internet and mobile banking services. Retail Banking includes Webster�� branch network, Consumer deposits, Busin! ess and Professional Banking (BPB), Webster Investment Services (WIS) and the Customer Care Center.
Consumer Finance
Consumer Finance offers lending solutions for consumers primarily in southern New England and Westchester County, New York. Products include: residential mortgages, home equity loans and lines of credit, unsecured personal loans as well as credit card options.
Other
Other includes HSA Bank (HSA) and Private Banking. HSA Bank is a bank custodian of health savings accounts. These accounts are provided for high deductible health plans offered by employers or directly to consumers. Private Banking provides local full relationship banking that serves high net worth clients, not-for-profit organizations and business clients for asset management, trust, loan and deposit products and financial planning services.
Subsidiaries of Webster Financial Corporation
Webster�� direct subsidiaries as of December 31, 2012 included Webster Bank, Fleming, Perry & Cox, Inc., and Webster Licensing, LLC. Webster also owns all of the outstanding common stock of Webster Statutory Trust, an unconsolidated financial vehicle that has issued or may in the future issue trust preferred securities. On July 18, 2012, the Company completed the redemption at par of all the outstanding principal amount of Webster Capital Trust IV fixed to floating-rate trust preferred securities. Webster Bank's direct subsidiaries include Webster Mortgage Investment Corporation, Webster Business Credit Corporation (WBCC) and Webster Capital Finance, Inc. (WCF). Webster Bank is the primary source of retail activity within the consolidated Company. Webster Bank is the primary source of retail activity within the consolidated group. Webster Bank provides banking services through 167 banking offices, 293 owned ATMs, telephone banking, mobile banking and its Internet websites. Residential mortgage origination activity is conducted through Webster Bank. Webster Mortgage! Investme! nt Corporation is a passive investment subsidiary whose primary function is to provide servicing on passive investments, such as residential real estate and commercial mortgage real estate loans transferred from Webster Bank. Various commercial lending products are provided through Webster Bank and its subsidiaries to clients within the region from Westchester County, NY to Boston, MA. WBCC provides asset-based lending services. WCF provides equipment financing for end users of equipment. Additionally, Webster Bank has various other subsidiaries that are not significant to the consolidated Company.
Advisors' Opinion:- [By Monica Gerson]
Webster Financial (NYSE: WBS) is projected to report its Q3 earnings at $0.49 per share on revenue of $149.73 million.
Wells Fargo & Company (NYSE: WFC) is estimated to report its Q3 earnings at $0.97 per share on revenue of $20.97 billion.
- [By Marc Bastow]
Bank holding and financial company Webster Bank (WBS) raised its quarterly dividend 33% to 20 cents per share payable June 16 to shareholders of record June 2.
WBS Dividend Yield: 2.63%
Hot Industrial Disributor Companies For 2014: Southwest Gas Corporation(SWX)
Southwest Gas Corporation engages in the purchase, distribution, and transportation of natural gas in Arizona, Nevada, and California. As of March 31, 2011, it had 1,844,000 residential, commercial, industrial, and other natural gas customers, including 996,000 customers in Arizona; 665,000 in Nevada; and 183,000 in California. The company also operates as an underground piping contractor that provides utility companies with trenching and installation, replacement, and maintenance services for energy distribution systems. Southwest Gas Corporation was founded in 1931 and is headquartered in Las Vegas, Nevada.
Advisors' Opinion:- [By Rich Duprey]
Natural gas provider�Southwest Gas� (NYSE: SWX ) �announced yesterday�its third-quarter dividend of $0.33 per share, the same rate it paid for the last two quarters after it raised the payout from $0.295 per share.
- [By Seth Jayson]
Calling all cash flows
When you are trying to buy the market's best stocks, it's worth checking up on your companies' free cash flow once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That's what we do with this series. Today, we're checking in on Southwest Gas (NYSE: SWX ) , whose recent revenue and earnings are plotted below.
Hot Industrial Disributor Companies For 2014: Garmin Ltd.(GRMN)
Garmin Ltd., together with its subsidiaries, designs, develops, manufactures, and markets global positioning system (GPS) enabled products and other navigation, communication, and information products for the automotive/mobile, outdoor, fitness, marine, and general aviation markets worldwide. The company offers a range of automotive navigation products, and various products and applications designed for the mobile GPS market; GPS enabled handheld products for hunters, hikers, geocachers, outdoors enthusiasts, cyclists, and golfers; dog tracking systems; tracker systems; and training assistants for athletes. It also provides handhelds, network products and multifunction displays, fixed-mount GPS/chartplotter products, instruments, fish finders, radars, autopilots, VHF radios, marine networking products, and sounder products. In addition, the company offers GPS-enabled navigation, VHF communications transmitters/receivers, multi-function displays, electronic flight instrumen tation systems, automatic flight control systems, traffic advisory systems and traffic collision avoidance systems, terrain awareness and warning systems, instrument landing system receivers, surveillance products, audio panels, and cockpit datalink systems. The company?s sells its products through a network of independent dealers and distributors, as well as through original equipment manufacturers. Garmin Ltd. was founded in 1990 and is based in Schaffhausen, Switzerland.
Advisors' Opinion:- [By Jake L'Ecuyer]
Shares of Garmin (NASDAQ: GRMN) got a boost, shooting up 8.54 percent to $51.20 after the company reported upbeat fourth-quarter earnings.
Signet Jewelers (NYSE: SIG) was also up, gaining 16.93 percent to $92.69 after the company announced its plans to acquire Zale for $21.00 per share.
- [By Bryan Murphy]
In 2008, the world was relatively certain that Garmin Ltd. (NASDAQ:GRMN) - yes, the GPS maker - wasn't going to survive the advent of the smartphone. As this Slate article by Chadwick Matlin explained that year, "Every new iPhone sold means one fewer person needs a GPS unit in his car. Considering that the Apple (NASDAQ:AAPL) 3G iPhone starts at $200 and integrates music, phone, gaming, the Web, and GPS into one unit, the thing is going to siphon serious business away from the old-line GPS manufacturers. Garmin's entry-level portable GPS models hover north of $100. Almost all of the rest retail for more than $200, which isn't looking like a great deal right about now." And, that was the consensus opinion about how disruptive Apple could be to the core business of Garmin.
- [By Laura Brodbeck]
Wednesday
Earnings Expected From: Marriott International (NYSE: MAR), MetLife, Inc. (NYSE: MET), Facebook, Inc. (NASDAQ: FB), Garmin Ltd (NASDAQ: GRMN), Ryland Group, Inc. (NYSE: RYL) Economic Releases Expected: British consumer confidence, New Zealand Interest rate decision, US FOMC meeting announcement, German CPI, US GPD, US core CPI, US nonfarm employment changeThursday
- [By Ben Levisohn]
Those would be PulteGroup (PHM), which has gained 4% to $16.00, DR Horton (DHI), which has risen 3.9% to $18.47, and Lennar (LEN), which has advanced 4% to $32.88. Only Garmin (GRMN) has had a better day.
Hot Industrial Disributor Companies For 2014: Advent Software Inc. (ADVS)
Advent Software, Inc. provides software and services that automate work flows and data across investment management organizations, as well as the information flows between an investment management organization and external parties. The company develops, markets, and sells stand-alone and client/server software products, hosting services, data and data interfaces, and related maintenance and services that automate, integrate, and support the functions of the front, middle, and back offices of investment management organizations. It also provides professional services, such as consulting, project management, implementation, integration, custom report writing, and training. The company?s clients include asset managers, registered investment advisors, prime brokers, fund administrators, hedge funds, family offices, broker dealers, foundations, endowments, fund of funds, and wealth managers. It operates in the United States, Europe, the Middle East, and Africa. Advent Software, Inc. was founded in 1983 and is headquartered in San Francisco, California.
Advisors' Opinion:- [By Roberto Pedone]
Advent Software (ADVS) provides software products and services for automating and integrating data and work flows across the investment management organization, as well as between the investment management organization and external parties worldwide. This stock closed up 4% at $33.49 in Wednesday's trading session.
Wednesday's Volume: 720,000
Three-Month Average Volume: 296,403
Volume % Change: 165%From a technical perspective, ADVS ripped sharply higher here right off its 50-day moving average of $32.05 with above-average volume. This strong spike higher on Wednesday also pushed shares of ADVS into breakout territory, since the stock took out some near-term overhead resistance at $33.25. Shares of ADVS are now quickly moving within range of triggering another big breakout trade. That trade will hit if ADVS manages to clear Wednesday's intraday high of $33.55 to some more key overhead resistance levels at $34.59 to its 52-week high of $36.11 with volume.
Traders should now look for long-biased trades in ADVS as long as it's trending above its 50-day at $32.05 or above its 200-day at $31.15 and then once it sustains a move or close above those breakout levels with volume that's near or above 296,403 shares. If that breakout hits soon, then ADVS will set up to enter new 52-week-high territory above $36.11, which is bullish technical price action. Some possible upside targets off that breakout are $40 to $45, or even $50.
No comments:
Post a Comment