The Dow Jones Industrial Average (DJINDICES: ^DJI ) is kicking off the new week in the red as a disappointment from the flourishing housing sector pressures the markets. The blue-chip index is down 21 points as of 2:25 p.m. EDT, with most of its member stocks down for the day. The financial sector has borne the brunt of Wall Street's blows so far, but one pharmaceutical standout is saving the Dow from worse losses. Let's dive into the stories you need to know about today.
A slight dip in housing takes down the banks
Pending home sales contracted 0.4% for June, according to a report today from the National Association of Realtors. Rising mortgage rates have tempted some observers and analysts to back off from the rapid housing boom that has taken over 2013, as pending home sales are still up more than 10% for the year despite June's fall. Housing starts have done even better, gaining a whopping 24% year to date.
Still, financial stocks have fallen on the news, with Bank of America (NYSE: BAC ) leading the way downward as shares dip 1.1%. B of A's on the right side of the Dow for the year, with the stock up more than 27% year to date, and today's drop isn't a danger to the big bank. B of A's�mortgage department did show weakness last quarter, while its investment-banking unit led the way for the company's earnings. However, so long as the housing market continues its overall rebound, B of A should be just fine.
Best Cheapest Companies To Watch For 2015: China Eastern Airlines Corp Ltd (CEA)
China Eastern Airlines Corporation Limited (China Eastern), incorporated on April 14, 1985, is an air carriers operating in the People�� Republic of China. As of December 31, 2010, the Company served a route network that covers 182 domestic and foreign cities in 30 countries. It operates from Shanghai�� Hongqiao International Airport and Pudong International Airport. During the year ended December 31, 2010, its flights accounted for 52.2% and 37.9% of all the flight traffic at Hongqiao International Airport and Pudong International Airport, respectively. During 2010, it accounted for approximately 31.1% of the total passenger traffic volume and 19% of the total freight volume on routes to and from Shanghai. As of December 31, 2010, it had a fleet of 355 aircraft, including 337 passenger jets each with a seating capacity of over 100 seats and 18 freighters.
Passenger Operations
During 2010, the Company operated approximately 9,600 scheduled flights per week, excluding charter flights, serving a route network that covers 182 domestic and foreign cities in 30 countries. During 2010, its domestic routes generated approximately 71.5% of its passenger revenues. Its heavily traveled domestic routes link Shanghai to the commercial and business centers of the People�� Republic of China, such as Beijing, Guangzhou and Shenzhen. During 2010, it also operated approximately 361 flights per week to and from Hong Kong, originating from Shanghai and 16 major cities in eastern, northern and western the People�� Republic of China. During 2010, it operated approximately 103 flights per week between mainland China and Taiwan. During 2010, its regional routes accounted for approximately 5.4% of its passenger revenues. During 2010, it operated approximately 1,079 international flights per week, serving 60 cities in 29 countries, linking Shanghai to cities in Asian and Southeast Asian countries, such as Japan, Korea, India, Singapore, Thailand and Bangladesh and locations in Europe, the Un! ited States and Australia.
During 2010, the Company re-started its Shanghai to London and Shanghai to Moscow routes. During 2010, revenues derived from its operations on international routes accounted for approximately 23.2% of its passenger revenues. During 2010, revenues derived from its operations to and from Japan accounted for approximately 7.7% of its passenger revenues and approximately 33.4% of its international passenger revenues. Its international and regional flights and a portion of its domestic flights either originate or terminate in Shanghai, the central hub of its route network. Its operations in Shanghai are conducted at Hongqiao International Airport and Pudong International Airport. On March 16, 2010, it moved its operations at Hongqiao International Airport to the terminal two of Hongqiao International Airport. It operates its flights through three hubs located in eastern, northwestern and southwestern China, namely Shanghai, Xi��n and Kunming, respectively.
Cargo and Mail Operations
The Company�� cargo and mail business utilizes the same route network used by its passenger airline business. It carries cargo and mail on its freight aircraft, as well as in available cargo space on its passenger aircraft. Its cargo and mail routes are international routes. As of December 31, 2010, it had seven MD-11F, four B777F and two B757-200F freight aircraft under operating leases for cargo and mail operations. It also has three Airbus A300-600R aircraft, as well as two Boeing 747-400ER freighters for its cargo operations.
The Company competes with Air China Limited, China Southern Airlines Company Limited, Hong Kong Dragon Airlines Limited, Cathay Pacific Airways, Thai Airways International, Singapore Airlines, Delta Air Lines, United Airlines, American Airlines, Air Canada, Delta, Alitalia, Air France-KLM Group, Asiana Airlines, Korean Air, Virgin Atlantic Airways, British Airways, Lufthansa German Airlines, Aeroflot and Qantas Airways.
Advisors' Opinion:- [By Belinda Cao]
The Bloomberg China-US Equity Index (CH55BN) of the most-traded Chinese companies in the U.S. slumped 3.4 percent last week to a seven-month low of 89.04. The gauge traded at 13.5 times estimated earnings, 3.6 percent below the S&P�� valuation, data compiled by Bloomberg show. China Southern Airlines Co. (ZNH) and China Eastern Airlines Corp. (CEA) lost more than 6 percent April 5, while Home Inns & Hotels Management Inc. (HMIN) tumbled 16 percent in the week.
Top Sliver Companies To Buy Right Now: Carnival Plc ADS (CUK)
Carnival plc operates as a cruise company. It operates in North America Cruise Brands, EAA Cruise Brands, and Tour and Other segments. The company offers cruises under the brand names of Carnival Cruise Lines, Holland America Line, Princess Cruises, and Seabourn in North America; and AIDA Cruises, Costa Cruises, Cunard, Ibero Cruises, P&O Cruises (UK), and P&O Cruises (Australia) in Europe, Australia, and Asia. It also owns Holland America Princess Alaska Tours, a tour operator in Alaska and the Canadian Yukon, which owns and operates 12 hotels or lodges, 300 motor coaches, and 20 domed rail cars. The company sells its cruises through travel agents, including wholesalers, general sales agents, and tour operators. Carnival plc was founded in 1850 and is headquartered in London, the United Kingdom.
Advisors' Opinion:- [By Myra Ramdenbourg]
Carnival PLC (CUK): CFO David Bernstein sold 11,673 Shares
On 01/21/2014, CFO David Bernstein sold 11,673 shares at an average price of $40.80. The price of the stock has decreased by 6.94% since. Carnival PLC has a market cap of $30.68 billion and its shares were traded at around $37.97. The company has a P/E ratio of 27.40 and P/S ratio of 1.91 with a dividend yield of 2.63%. Over the past 10 years, Carnival Plc had an annual average earnings growth of 0.30%.
- [By Lisa Levin]
Carnival plc (NYSE: CUK) surged 1.85% to $40.21. The volume of Carnival shares traded was 289% higher than normal. Carnival's PEG ratio is 1.67.
Posted-In: volume moversNews Intraday Update Markets Movers
- [By Rich Duprey]
Cruise ship operator�Carnival (NYSE: CCL ) (NYSE: CUK ) �announced today its third-quarter dividend of $0.25 per share, the same rate it's paid since 2011.
Top Sliver Companies To Buy Right Now: IBERIABANK Corporation (IBKC)
IBERIABANK Corporation operates as the holding company for IBERIABANK that provides commercial and retail banking products and services in the United States. It offers a range of commercial, consumer, mortgage, and private banking products and services; cash management services; deposit and annuity products; and investment brokerage services. The company, through its subsidiaries, also engages in financial services-related activities, including brokerage services and sales of variable annuities, life, health, dental, and accident insurance products. In addition, it offers various title insurance and loan closing services for residential and commercial customers; family residential mortgage loans; equity research, institutional sales and trading, and corporate finance services; and wealth management and trust services to high net worth individuals, pension funds, corporations, and trusts, as well as invests in an aircraft and purchased tax credits. As of February 25, 2013, the company had 278 combined offices, including 184 bank branch offices in Louisiana, Arkansas, Florida, Alabama, Tennessee, and Texas; 21 title insurance offices in Arkansas and Louisiana; and mortgage representatives in 62 locations in 12 states. IBERIABANK Corporation was founded in 1887 and is headquartered in Lafayette, Louisiana.
Advisors' Opinion:- [By Dividends4Life]
Fair Value: In calculating fair value, I consider the NPV MMA Differential Fair Value along with these four calculations of fair value, see page 2 of the linked PDF for a detailed description:
1. Avg. High Yield Price
2. 20-Year DCF Price
3. Avg. P/E Price
4. Graham Number
CTBI is trading at a premium to all four valuations above. The stock is trading at a 53.5% premium to its calculated fair value of $29.43. CTBI did not earn any Stars in this section.
Dividend Analytical Data: In this section there are three possible Stars and three key metrics, see page 2 of the linked PDF for a detailed description:
1. Free Cash Flow Payout
2. Debt To Total Capital
3. Key Metrics
4. Dividend Growth Rate
5. Years of Div. Growth
6. Rolling 4-yr Div. > 15%
CTBI earned one Star in this section for 1.) above. A Star was earned since the Free Cash Flow payout ratio was less than 60% and there were no negative Free Cash Flows over the last 10 years. The company has paid a cash dividend to shareholders every year since 1988 and has increased its dividend payments for 33 consecutive years.
Dividend Income vs. MMA: Why would you assume the equity risk and invest in a dividend stock if you could earn a better return in a much less risky money market account (MMA) or Treasury bond? This section compares the earning ability of this stock with a high yield MMA. Two items are considered in this section, see page 2 of the linked PDF for a detailed description:
1. NPV MMA Diff.
2. Years to > MMA
The negative NPV MMA Diff. means that on a NPV basis the dividend earnings from an investment in CTBI would be less than a similar amount invested in MMA earning a 20-year average rate of 3.41%. If CTBI grows its dividend at 1.5% per year, it will never equal a MMA yielding an estimated 20-year average rate of 3.41%.
Memberships and Peers: CTBI is, a member of the Broad Dividend Achieve
Top Sliver Companies To Buy Right Now: Dale Jarrett Racing Adventure Inc (DJRT)
Dale Jarrett Racing Adventure, Inc., incorporated on November 24, 1998, offers entertainment based oval driving schools and events. The Company owns several National Association for Stock Car Auto Racing (NASCAR) type racecars. These classes are conducted at various racetracks throughout the country. As of December 31, 2011, the Company owned 15 racecars, and had purchased six additional racecars for its Las Vegas hub. These racecars are classified as stock cars and are equipped for oval or round tracks only.
The Company offers five types of ride or drive programs for individuals and corporations. The Qualifier is a three lap ride with a professional driver, which lasts about five minutes, depending on the length of the track. The Season Opener is a half day training class culminating in the student driving 10 laps. The Rookie Adventure and Happy Hour are also half day driving classes with the students driving 20 or 30 laps, respectively. The Advanced Stock Car Adventure is a full day 60 lap class. The main purpose of each event is the thrill of actually driving the race car. It owns a Miller Semi Tractor Trailer to haul the cars from track to track. The Company also offers a range of add-on sale items, including compact disks (CDs) from its adventure cam located in the car, clothing, souvenirs and photography.
The Company competes with Richard Petty Driving Experience.
Advisors' Opinion:- [By Peter Graham]
Small cap stocks Alliance Creative Group Inc (OTCMKTS: ACGX), Dale Jarrett Racing Adventure Inc (OTCMKTS: DJRT), Inscor Inc (OTCMKTS: IOGA) and Solar Thin Films Inc (OTCMKTS: SLTZ) have all been getting some attention lately in various investment newsletters and it should come as no surprise that two out of four of these stocks have been the subject of paid promotions ��which tend to benefit traders. However, two out of four of these stocks also have pretty good financials for being small cap OTC stocks and that might make them attractive to investors with a long term time horizon. So which of these stocks might make traders some profits in the short term and investors some profits over the longer term? Here is a closer look to help you decide:
Top Sliver Companies To Buy Right Now: Makism 3D Corp (MDDD)
Makism 3D Corp., incorporated on May 4 2010, is a three dimensional (3D) printer manufacturing company. The Company produces consumer and professional grade 3D printers. The Company�� flagship product, branded as the Wideboy family of printers, offers packaging designed to fit any office or professional space.
Its 3D printers utilize British and German engineered components. Its printers are assembled in Cambridge (United Kingdom).
Advisors' Opinion:- [By John Udovich]
We are two trading weeks into the new year and the 3D printing sector along with 3D printer stocks like ExOne Co (NASDAQ: XONE), Stratasys, Ltd (NASDAQ: SSYS),�3D Systems Corporation (NYSE: DDD) and Makism 3D Corp (OTCBB: MDDD) have been printing their share of red ink for investors���despite the fact that 3D printing got� plenty of attention at�last week's�Consumer Electronics Show in Las Vegas while the�broader stock market rally has largely held up. With that in mind, here is the latest 3D printer stock or sector news you need to be aware of:
- [By James E. Brumley]
In retrospect, their pullbacks come as no real surprise. Neither Voxeljet AG (NYSE:VJET) nor Camtek LTD. (NASDAQ:CAMT) saw their shares soar on any news that was meaningfully sustainable, and after the "shoot first, ask questions later" market had a chance to start asking questions, it became clear that - even with the largest of glimmers of corporate progress unveiled a few weeks ago - CAMT and VJET both had been bid up more on hype and less on substance. Meanwhile (and this could be bitterly ironic to some), a small cap play in the same 3D printing space that (1) didn't beat the daylights out of its hype-drum, and (2) is actually much closer to bringing a revenue-bearing product to the market [per today's news - more on that below] isn't getting anywhere near the same attention. That company? Makism 3D Corp. (OTCBB:MDDD). The good news is, MDDD finally looks like it's revving its engine, while Camtek and Voxeljet AG shares continue to deteriorate.
- [By James E. Brumley]
All well and good, but for veteran traders, there's something uneasy about the recent swelling of interest in these names... there's too much hype, and not enough substance. Enter another small cap name in the 3D printing race - Makism 3D Corp. (OTCBB:MDDD). It's not throwing any parties for itself, and it's not congratulating itself for achievements that may be a solution to a problem that doesn't actually exist. MDDD is simply on the verge of making a high-quality 3D printer at a very practical price that will appeal to individual consumers as well as businesses.
Top Sliver Companies To Buy Right Now: Marriott International Inc (MAR)
Marriott International, Inc., incorporated on September 19, 1997, is a diversified hospitality company. It is a lodging company with more than 3,700 properties in 73 countries and territories. It operates in four business segments: North American Full-Service Lodging, which includes the Marriott Hotels & Resorts, Marriott Conference Centers, JW Marriott, Renaissance Hotels, Renaissance ClubSport, and Autograph Collection properties located in the United States and Canada; North American Limited-Service Lodging, which includes the Courtyard, Fairfield Inn & Suites, SpringHill Suites, Residence Inn, TownePlace Suites, and Marriott ExecuStay properties located in the United States and Canada; International Lodging, which includes the Marriott Hotels & Resorts, JW Marriott, Renaissance Hotels, Autograph Collection, Courtyard, AC Hotels by Marriott, Fairfield Inn & Suites, Residence Inn, and Marriott Executive Apartments properties located outside the United States and Canada, and Luxury Lodging, which includes The Ritz-Carlton, Bulgari Hotels & Resorts, and EDITION properties worldwide (together with residential properties associated with some Ritz-Carlton hotels). In January 2014, the Company announced that it has sold its leasehold interests in the Renaissance Barcelona Hotel to an affiliate of the Qatar Armed Forces Investment Portfolio (QAFIP).
On November 21, 2011 (the spin-off date), the Company completed a spin-off of its timeshare operations and timeshare development business. Under license agreements with the Company, Marriott Vacations Worldwide Corporation (MVW) is the developer and operator of timeshare, fractional, and related products under the Marriott brand and the developer of fractional and related products under The Ritz-Carlton brand. The Company receives license fees under these licensing agreements. In April 2012, it opened the Renaissance Barcelona Hotel. In September 2012, its JW Marriott hotel brand has opened JW Marriott Essex House New York in New York City.
The Company is a worldwide operator, franchisor, and licensor of hotels, corporate housing properties, and timeshare properties under a number of brand names. The Company also operates, markets, and develops residential properties and provides services to home/condominium owner associations. As of December 31, 2011, the Company operated, franchised or licensed 3,718 lodging properties worldwide, with 643,196 rooms inclusive of 32 home and condominium products (3,838 units) for which it manages the related owners��associations. As of December 31, 2011, the Company provided 2,166 furnished corporate housing rental units. As of December 31, 2010, it operated 1,104 properties (284,868 rooms) under long-term management agreements with property owners, 45 properties (10,957 rooms) under long-term lease agreements with property owners, and five properties (986 rooms) as owned. During the year ended December 31, 2010, the Company bought one land parcel for hotel development and one hotel, and sold two limited-service properties, one full-service property and one land parcel. As of December 31, 2011, the Company had 24671 franchised properties (332,636 rooms), 85 unconsolidated joint venture properties (8,721 rooms), and 64 timeshare, fractional and related properties (12,800 units).
North American Full-Service Segment, North American Limited-Service Segment, International Segment Lodging Products
Marriott Hotels & Resorts is the Company�� global flagship brand, serving business and leisure upper-upscale travelers and meeting groups. Marriott Hotels & Resorts properties are located in downtown, urban, and suburban areas, near airports, and at resort locations. As of December 31, 2011, there were 492 Marriott Hotels & Resorts properties (178,854 rooms), excluding JW Marriott and Marriott Conference Centers. As of December 31, 2011, there were 10 Marriott Conference Centers (2,915 rooms) throughout the United States. JW Marriott is a global luxury brand made up of a collection o! f propert! ies and resorts. As of December 31, 2011, there were 53 properties (23,826 rooms) primarily located in gateway cities and upscale locations globally. Renaissance Hotels properties are located in downtown locations of major cities, in suburban office parks, near gateway airports, and in destination resorts. As of December 31, 2011, there were 154 Renaissance Hotels properties (52,966 rooms), including two Renaissance ClubSport properties (349 rooms).
The Autograph Collection consists of upper-upscale and luxury, independent hotels located in major cites. As of December 31, 2011, there were 27 Autograph Collection properties (6,105 rooms) operating in the United States.
During the year ended December 31, 2011, the Company entered into joint ventures with AC Hotels of Spain to create the AC Hotels by Marriott co-brand. AC Hotels typically contain 50 to 150 rooms and are located in destination, downtown, and suburban markets. As of December 31, 2011, there were 80 AC Hotels by Marriott properties (8,371 rooms) in Spain, Italy, and Portugal. Courtyard is the Company�� select-service hotel product for the upper-moderate price tier. The hotels typically contain 90 to 150 rooms in suburban locales and 140 to 340 rooms in downtown domestic and international locales. As of December 31, 2011, there were 913 Courtyards (134,719 rooms) operating in 37 countries and territories.
Fairfield Inn & Suites offers a range of amenities, including free in-room high-speed Internet access and free wireless fidelity (Wi-Fi) access in the lobby, on-site business services (copying, faxing, and printing), a business center/lobby computer with Internet access and print capability, continental breakfast buffet, The Market, exercise facilities, and a swimming pool. In addition, suite rooms provide guests with separate areas for sleeping, working, and relaxing, as well as in-room amenities, including a microwave and refrigerator. As of December 31, 2011, there were 431 Fairfield Inn & Suites propert! ies and 2! 49 Fairfield Inn properties operating in the United States, Canada, and Mexico. SpringHill Suites properties typically have 90 to 165 suites. The brand offers a broad range of amenities, including free in-room high-speed Internet access and free Wi-Fi access in the lobby, The Market (a self-serve food store open 24 hours a day), complimentary hot breakfast buffet, lobby computer and on-site business services (copying, faxing, and printing), exercise facilities, and a swimming pool. As of December 31, 2011, there were 285 properties (33,466 rooms) located in the United States and 2 properties (299 rooms) in Canada.
Residence Inn is North America�� hotel brand designed for business and leisure travelers staying five or more nights. As of December 31, 2011, there were 617 Residence Inn properties (74,867 rooms) located in the United States, Canada, Costa Rica, United Kingdom, and Germany. As of December 31, 2011, 193 TownePlace Suites properties (20,048 rooms) were located in 42 states. Marriott ExecuStay provides furnished corporate apartments for long-term stays nationwide. As of December 31, 2011, Marriott leased approximately 2,200 apartments and its 11 franchisees leased approximately 2,500 apartments. Apartments are located in 43 different markets in the United States, of which 34 are franchised. Marriott Executive Apartments provides temporary housing for business executives and others who need accommodations outside their home country, usually for 30 or more days. As of December 31, 2011, 20 Marriott Executive Apartments and two other Serviced Apartments properties (3,700 rooms total) were located in 16 countries and territories. All Marriott Executive Apartments are located outside the United States.
Luxury Segment Lodging Products
The Ritz-Carlton is a global luxury lifestyle brand, which consists of hotels and resorts. The Ritz-Carlton properties include spa and wellness facilities, restaurants, championship golf courses, and The Ritz-Carlton Club Level! . Through! a joint venture with jeweler and luxury goods designer Bulgari SpA, the Company operates the luxury hotel properties in prime locations under the name Bulgari Hotels & Resorts. As of December 31, 2011, it operated the Bulgari Milano Hotel (58 rooms), in Milan, Italy, and the Bulgari Bali Resort, which features 59 private villas, two restaurants, and comprehensive spa facilities. It also operates two restaurants in Tokyo, Japan, which are co-located with two Bulgari retail stores. The EDITION brand offers a lodging experience on a global scale.
Advisors' Opinion:- [By Jim Royal]
Second, Ryman lowered its earnings projection for the year and won't be able to realize as quickly the synergies from its deal with Marriott (NYSE: MAR ) . That's not great, but it's mitigated now almost completely by the price you're paying. Even at the low end of management's 2013 guidance, the stock is trading at less than 9 times adjusted FFO. At the high end, it's a shade over 8 times. That's extraordinarily cheap for such premier assets.
- [By Reuters] ATLANTA -- A credit card data breach has been detected that exposed guests at certain Marriott, Holiday Inn, Sheraton and other hotel properties to theft, hotel management firm White Lodging Services said Monday. The breach occurred at food and beverage outlets at 14 hotels, including some operated under the Westin, Renaissance and Radisson names, between March 20 and Dec. 16 last year, White Lodging said in a statement. The company said information subject to potential theft by cybercriminals included names and numbers on consumers' debit or credit cards, security codes and card expiration dates. Customers who used their cards at the affected outlets should review all statements from the time in question and consider placing fraud alerts on their credit files, White Lodging said. White Lodging wouldn't estimate how many card numbers might have been taken. Krebs on Security, the cybersecurity blog that first reported the breach Friday, said thousands of accounts had been compromised. The latest data breach comes after the FBI warned retailers last month to prepare for more cyber attacks after discovering about 20 hacking cases in the past year involving the same kind of malicious software used against Target (TGT) over the holiday shopping season. The incident involving Target, the No. 3 U.S. retailer, was one of the biggest retail cyber attacks in history. In a confidential, three-page report to retail companies the FBI described the risks posed by "memory-parsing" malware that infects point-of-sale systems, which include cash registers and credit-card swiping machines in checkout aisles. Restaurants and lounges affected by the White Lodging breach were at hotels in Chicago; Austin, Texas; Richmond, Va.; Plantation, Fla.; Denver; Boulder and Broomfield, Colo.; Louisville, Ky.; Erie, Pa.; Indianapolis; and Merrillville, Ind., the company said. White Lodging, which manages 169 hotels that include brands of Marriott International (MAR), Starwood
- [By MONEYMORNING]
What's more optimistic news for potential HLT stock investors: Hilton stock traded above its IPO level on a day the market lost more than 100 points. At a $20 IPO price, Hilton had a market cap value of $19.7 billion on Thursday morning, far more than industry rivals Hyatt Hotels Corp. (NYSE: H), Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT), and Marriott International Inc. (Nasdaq: MAR).
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