To further support independent financial advisors with growing their businesses, Genworth Wealth Management is introducing what it calls “a unique retirement plan offering designed to help advisors expand into the burgeoning retirement market.”
Retirement Connections seeks to help business owners provide “simple yet sophisticated” retirement plan choices to their workers, who have “increasingly low confidence in their retirement readiness,” according to the company.
“With Retirement Connections, advisors can offer business owners a compelling solution to help them attract and retain valuable employees,” Michael Kim, SVP, Genworth Wealth Management, said in a statement. “The retirement plan market is steadily growing, and the vast majority of plans are small- to midsize, the sweet spot for advisors. By expanding into plan services, advisors may see opportunities open up for financial planning services and IRA rollovers.”
5 Best Asian Stocks To Invest In Right Now: AMERIPRISE FINANCIAL SERVICES INC. (AMP)
Ameriprise Financial Inc., through its subsidiaries, provides a range of financial products and services in the United States and internationally. The company�s Advice and Wealth Management segment offers financial planning and advice, as well as brokerage and banking services primarily to retail clients through its financial advisors. The Asset Management segment provides investment advice and investment products to retail and institutional clients. The Annuities segment offers variable and fixed annuity products to retail customers through affiliated and unaffiliated advisors, and financial institutions. The Protection segment provides various protection products through financial advisors to address the protection and risk management needs of retail clients, including life, disability income, and property-casualty insurance. The company was formerly known as American Express Financial Corporation and changed its name to Ameriprise Financial, Inc. in September 2005. Ame riprise Financial Inc. was founded in 1894 and is headquartered in Minneapolis, Minnesota.
Advisors' Opinion:- [By Ian Katz]
��he consumer is still in a holding pattern, still waiting for better employment prospects,��said Russell Price, senior economist at Ameriprise Financial Inc. (AMP) in Detroit.
Top Managed Healthcare Stocks To Watch For 2014: Houston Wire & Cable Co (HWCC)
Houston Wire & Cable Company, incorporated in 1997, provides wire and cable and related services to the United States market. The Company offers its customers with a single-source solution for wire and cable, hardware and related services. The Company offers products in categories of wire and cable, including continuous and interlocked armor cable, control and power cable, electronic wire and cable, flexible and portable cords, instrumentation and thermocouple cable, lead and high temperature cable, medium voltage cable, premise and category wire and cable, wire rope and wire rope slings, as well as nylon slings, chain, shackles and other related hardware. It also offers private branded products, including its brand LifeGuard, a low-smoke, zero-halogen cable. On January 1, 2011, the acquired companies were merged into HWC Wire & Cable Company.
The Company�� products are used in repair and replacement, also known as maintenance, repair and operations (MRO), and related projects, larger-scale projects in the utility, industrial and infrastructure markets and a diverse range of industrial applications, including communications, energy, engineering and construction, general manufacturing, mining, construction, oilfield services, infrastructure, petrochemical, transportation, utility, wastewater treatment, marine construction and marine transportation. During the year ended December 31, 2011, the Company served approximately 6,000 customers.
Advisors' Opinion:- [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 Houston Wire & Cable (Nasdaq: HWCC ) , whose recent revenue and earnings are plotted below.
Top Managed Healthcare Stocks To Watch For 2014: Foot Locker Inc (FL)
Foot Locker, Inc., incorporated on April 7, 1989, is a global retailer of shoes and apparel, operating 3,335 primarily mall-based stores in the United States, Canada, Europe, Australia, and New Zealand as of February 2, 2013. The Company operates in two segments: Athletic Stores and Direct-to-Customers. The Athletic Stores segment is an athletic footwear and apparel retailer whose formats include Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Footaction, and CCS. The Direct-to-Customers segment includes Footlocker.com, Inc. and other affiliates, including Eastbay, Inc. and CCS, which sell to customers through Internet websites, mobile devices, and catalogs. In September 2013, the Company acquired Runners Point Warenhandels GmbH (Runners) from Hannover Finanz GmbH.
Athletic Stores
Foot Locker is a global athletic footwear and apparel retailer. Its stores offer the products manufactured primarily by the athletic brands. Foot Locker offers products for a variety of activities, including basketball, running, and training. Additionally, the Company operates 65 House of Hoops, primarily a shop-in-shop concept, which sells basketball inspired products. Foot Locker�� 1,883 stores are located in 23 countries, including 1,072 in the United States, Puerto Rico, United States Virgin Islands, and Guam, 129 in Canada, 590 in Europe, and a combined 92 in Australia and New Zealand. The domestic stores have an average of 2,300 selling square feet and the international stores have an average of 1,500 selling square feet. Lady Foot Locker is a United States retailer of athletic footwear, apparel, and accessories for active women. Its stores carry athletic footwear and apparel brands, as well as casual wear and an assortment of apparel designed for a variety of activities, including running, walking, training, and fitness. In November 2012, the Company announced the introduction of a new banner named SIX:02. This new banner is an elevated retail concept featuring brand! s in fitness apparel and athletic footwear for women. Lady Foot Locker and SIX:02 operate 300 and 3 stores, and are located in the United States, Puerto Rico, and the United States Virgin Islands. These stores have an average of 1,300 selling square feet.
The Company�� Kids Foot Locker is a national children�� athletic retailer that offers a selection of brand-name athletic footwear, apparel and accessories for children. Its stores feature an environment geared to appeal to both parents and children. Its 305 stores are located in the United States, Puerto Rico, the United States Virgin Islands, Europe, and Canada. These stores have an average of 1,400 selling square feet. Footaction is a national athletic footwear and apparel retailer. Its 283 stores are located throughout the United States and Puerto Rico and focus on marquee footwear and branded apparel. The Footaction stores have an average of 2,900 selling square feet. Champs Sports is a mall-based specialty athletic footwear and apparel retailers in North America. Its product categories include athletic footwear and apparel, and sport-lifestyle inspired accessories. Its 539 stores are located throughout the United States, Canada, Puerto Rico, and the United States Virgin Islands. The Champs Sports stores have an average of 3,500 selling square feet. As of February 2, 2013, the Company operated 22 stores in the United States.
Direct-to-Customers
The Company�� Direct-to-Customers segment is multi-branded and multi-channeled. This segment sells, through its affiliates, directly to customers through its Internet websites, mobile devices, and catalogs. The Direct-to-Customers segment operates the Websites for eastbay.com, final-score.com, eastbayteamservices.com, ccs.com, as well as Websites aligned with the brand names of its store banners (footlocker.com, ladyfootlocker.com, kidsfootlocker.com, footaction.com, and champssports.com). Eastbay is a direct marketer in the United States, providing the high sch! ool athle! te with a sports solution, including athletic footwear, apparel, equipment, team licensed, and private-label merchandise. CCS serves the needs of the 12-20 year old seeking an authentic board lifestyle shop. CCS is anchored in skate but appealing to the surrounding board culture. The CCS format offers board lifestyle merchandise that will fit the needs of the customer all year long and stocks a selection of both core and lifestyle brands. The retail store operations of CCS are included in the Athletic Stores segment.
Advisors' Opinion:- [By Jayson Derrick]
This morning, Foot Locker (NYSE: FL) reported its second quarter results. The company announced an EPS of $0.64, beating the consensus estimate of $0.54. Revenue of $1.64 billion beat the consensus estimate of $1.57 billion. Net income for the quarter rose to $92 million from $66 million in the same quarter a year ago as comparable-store sales rose 7 percent. The company saw its gross margin rate improve by 80 basis points to 32.0 percent, while its SG&A expense ratio fell 70 basis points to 20.9 percent. During the quarter the company opened 13 new stores, remodeled and relocated 112 stores, and closed 18, bringing its total global store count to 3,460 stores in 23 countries. Shares hit new 52-week highs of $55.33 before closing the day at $54.12, up 2.95 percent.
Top Managed Healthcare Stocks To Watch For 2014: Leap Wireless International Inc.(LEAP)
Leap Wireless International, Inc., together with its subsidiaries, provides digital wireless services under the ?Cricket? brand name in the United States. The company offers unlimited local and the U.S. long distance services from various Cricket service area and unlimited text messaging services, as well as mobile Web, 411 services, navigation, and data back-up. It also provides BridgePay, a flexible payment option for customers to use and pay for the company?s cricket wireless service; handsets and devices with various features; cricket broadband service, an unlimited mobile broadband service that allows customers to access the Internet through their computers; Cricket PAYGo Service, a pay-as-you-go unlimited prepaid wireless service designed for customers who prefer the flexibility and control offered by traditional prepaid services; and Muve Music Service, an unlimited music download service for mobile handsets in select cricket markets. In addition, the company off ers voice and data roaming services. It markets its cricket handsets and services, primarily through company-owned retail stores and kiosks, as well as through authorized dealers and distributors, including premier dealers, local market authorized dealers, national mass-market retailers, and other indirect distributors. As of December 31, 2010, the company offered services in 35 states and the District of Columbia to approximately 5.5 million customers. Leap Wireless International, Inc. was founded in 1998 and is headquartered in San Diego, California.
Advisors' Opinion:- [By Whitney Kisling]
Bullish options trading in Leap Wireless International Inc. (LEAP) reached the highest level since November prior to the announcement of its takeover by AT&T Inc. (T)
- [By Alan Ellman]
The day is Friday July 12, and the stock is LEAP Wireless International Inc. (LEAP), which is a takeover candidate by AT&T. In the late afternoon, the share price was near $8 per share, the July $9 call option was priced @ $0.10, and the August $9 call @ $0.40. Covered call writers could generate an initial profit (ROO) of 1% and 5%, respectively. The average daily option trading volume for this company is 1320 contracts over the last three months. It appeared to be a normal trading day until the last hour of trading when option volume went through the roof. By day’s end, 7139 contracts were traded, all but 350 were calls as traders were taking a bullish stance on this stock. I think you know what’s coming!
- [By Dan Caplinger]
The big news for AT&T is its announcement last week that it would buy Leap Wireless (NASDAQ: LEAP ) in a $1.2 billion deal. After failing to take over T-Mobile, AT&T clearly wanted a combination that would bolster its wireless-spectrum assets and help give it room for future growth. AT&T offered a huge premium to the prevailing share price, as well as a kicker from the sale of a block of Leap spectrum. Still, some believe another bidder could emerge to make AT&T fight harder for Leap.
- [By Neha Marwah]
This is not all. The second largest wireless operator is also in the process of closing a deal with regional carrier Leap Wireless (LEAP) in a transaction of $1.2 billion and by assuming a net debt of $2.8 billion. The regional carrier postponed its shareholders vote for the proposed acquisition as it was required to make corrections in prior financial statements.
Top Managed Healthcare Stocks To Watch For 2014: Post Properties Inc. (PPS)
Post Properties, Inc., a real estate investments trust (REIT), together with its subsidiaries, engages in the development, ownership, and management of multifamily apartment communities in the United States. As of December 31, 2007, the company owned 22,578 apartment units in 63 apartment communities, including 1,747 apartment units in 2 communities held in unconsolidated entities and 2,266 apartment units in 7 communities. It is also developing and selling 535 for-sale condominium homes in 4 communities and converting 349 apartment homes into for-sale condominium homes in 2 communities. The company primarily operates in Atlanta, Georgia; Dallas, Texas; Washington, D.C.; and Tampa, Florida metropolitan areas. Post Properties has elected to be taxed as REIT under the Internal Revenue Code and would not be subject to federal income taxes, if it distributes approximately 90% of its taxable income to its shareholders. The company was founded in 1971 and is based in Atlanta, Ge orgia.
Advisors' Opinion:- [By Philip Springer]
Post Properties Inc. (NYSE: PPS): 14.7%
Here are the largest homebuilders and their shares’ performance so far this year:
Lennar Corp. (NYSE: LEN): -2.3%
Top Managed Healthcare Stocks To Watch For 2014: Apple Inc.(AAPL)
Apple Inc., together with subsidiaries, designs, manufactures, and markets personal computers, mobile communication and media devices, and portable digital music players, as well as sells related software, services, peripherals, networking solutions, and third-party digital content and applications worldwide. The company sells its products worldwide through its online stores, retail stores, direct sales force, third-party wholesalers, resellers, and value-added resellers. In addition, it sells third-party Mac, iPhone, iPad, and iPod compatible products, including application software, printers, storage devices, speakers, headphones, and other accessories and peripherals through its online and retail stores; and digital content and applications through the iTunes Store. The company sells its products to consumer, small and mid-sized business, education, enterprise, government, and creative markets. As of September 25, 2010, it had 317 retail stores, including 233 stores in the United States and 84 stores internationally. The company, formerly known as Apple Computer, Inc., was founded in 1976 and is headquartered in Cupertino, California.
Advisors' Opinion:- [By Dan Burrows]
Case in point: Intel (INTC), the chip giant, yields 3.8% — and it might just be poised for another round of growth. The company’s ultra-low power Haswell processor is the brains behind the latest mobile gadgets from Apple (AAPL).
- [By Anders Bylund]
If Samsung's Galaxy Note 2 is any indication, the Note 3 will indeed be a big seller. The Note 2 moved 5 million units in its first two months on the market, and those are huge numbers for an individual Android product. Google and manufacturing partner ASUS could hardly make enough Nexus 7 tablets to meet demand in 2012 and ended up with about 5 million units sold. Android tablets match Apple's (NASDAQ: AAPL ) market-leading iPad blow for blow these days, though mostly through strength in numbers.
- [By Chris Neiger]
But mid-range and high-end smartphones aren't even close to being out of the game -- and Apple� (NASDAQ: AAPL ) CEO Tim Cook definitely doesn't believe so. In a conference call last week he said, "I don't subscribe to the common view that the higher-end, if you will, of the smartphone market is at its peak."�
- [By Jim Jubak, Senior Markets Editor, MoneyShow.com]
Globally, money is still cheap. Short-term benchmark rates are effectively 0% in the United States and Japan. It pays to borrow at low rates and put the money to work. It doesn't pay to keep money on the sidelines, since cash and cash alternatives pay almost nothing. Traders and investors who look down the road into 2014 or 2015 can see this environment coming to an end: The Fed has said it will keep short-term rates at their current extraordinarily low level until 2015, but doubts are starting to creep into the collective mind we call the market. There's not an endless amount of time to waste if you want to play the cheap-money game. You don't think its coincidence, do you, that Verizon Communications (VZ) just sold $49 billion in bonds, beating the largest previous biggest bond offering by Apple (AAPL) by a mere $32 billion? Verizon sold $15 billion just in 30-year bonds.
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