The recovery in the housing market is continuing its slow and steady recovery. The most recent data point showed pending home sales rising by 1.5% in March which reverses the February decline. According to the National Association of�Realtors�the pending home sales index increased to 105.7 in March from the 104.1 it hit last month. This represents a solid 7% year-over-year increase for the index.
Overall, the association's chief economist, Lawrence Yun, pointed out that "contract activity has been in a narrow range in recent months, not from a pause in demand but because of limited supply." He sees closings ending up modestly as the year progresses. All of which points to continued modest gains for a housing market that's been lackluster for the past few years.
Looking ahead, my wife and I are personally going to become statistics. Our home, which went on the market at the end of last month, is now under contract and will be one of what we all hope is an even larger number of pending home sales for April. Like the many Americans putting their homes on the market these days, I'm excited that the market is tight right now as we were able to get a fair price for our home which went under contract surprisingly fast. However, a more robust market is what our�economy�could really use these days.
Hot Chemical Companies To Watch For 2015: The Bon-Ton Stores Inc.(BONT)
The Bon-Ton Stores, Inc., through its subsidiaries, operates department stores in the mid-size and metropolitan markets of the United States. Its stores offer brand-name fashion apparel and accessories for women, men, and children, as well as provide cosmetics, home furnishings, and footwear. As of November 1, 2011, the company operated 275 stores under various nameplates, including the Bon-Ton, Bergner?s, Boston Store, Carson Pirie Scott, Elder-Beerman, Herberger?s, and Younkers in 23 northeastern, midwestern, and upper Great Plains states; and under the Parisian nameplate in Detroit, Michigan. The Bon-Ton Stores, Inc. was founded in 1898 and is headquartered in York, Pennsylvania.
Advisors' Opinion:- [By Laura Brodbeck]
Tuesday
Earnings Expected: The Bon-Ton Stores, Inc (NASDAQ: BONT), American Eagle Outfitters, Inc (NYSE: AEO), Codexis, Inc. (NASDAQ: CDXS), Verifone Systems, Inc. (NYSE: PAY), Caesars Entertainment Corporation (NASDAQ: CZR) Economic Releases Expected: Indian trade balance, German trade balance, British industrial production, British manufacturing productionWednesday
- [By Laura Brodbeck]
Notable earnings released on Tuesday included:
Caesars Entertainment Corporation (NASDAQ: CZR) reported a fourth quarter loss of $1.49 on revenue of $2.08 billion, compared to last year�� loss of $3.75 on revenue of $2.02 billion. American Eagle Outfitters, Inc (NYSE: AEO) reported fourth quarter EPS of $0.27 on revenue of $1.04 billion, compared to last year�� EPS of $0.55 on revenue of $1.12 billion. The Bon-Ton Stores, Inc.�(NASDAQ: BONT) reported fourth quarter EPS of $3.04 on revenue of $914.90 million, compared to last year�� EPS of $3.73 on revenue of $1.03 billion.Pre-Market Movers
5 Best High Tech Stocks To Own For 2014: Moody's Corporation(MCO)
Moody?s Corporation, through its subsidiaries, provides credit ratings; credit and economic related research, data, and analytical tools; risk management software; and quantitative credit risk measures, credit portfolio management solutions, training, and financial credentialing and certification services worldwide. Its Moody?s Investors Service segment publishes credit ratings on debt obligations, including various corporate and governmental obligations, structured finance securities, and commercial paper programs, as well as the entities that issue such obligations in markets worldwide. This segment provides ratings in approximately 110 countries. Its ratings are disseminated via press releases to the public through print and electronic media, including the Internet and real-time information systems, which is used by securities traders and investors. As of December 31, 2010 this segment had ratings relationships with approximately 11,000 corporate issuers and approximate ly 22,000 public finance issuers. It also rated and monitored ratings on approximately 102,000 structured finance obligations. The company?s Moody?s Analytics segment develops products and services that support the risk management activities of institutional participants in financial markets. It also distributes investor-oriented research and data, including research on debt issuers, industry studies, and commentary on topical events developed by MIS as part of its rating process. In addition, this segment provides economic research, and credit data and analytical tools, such as quantitative credit risk scores; economic and regulatory capital risk management software and implementation services; and quantitative credit risk measures, credit portfolio management solutions, training, and financial credentialing and certification services. It serves approximately 4,100 institutions in approximately 115 countries. The company was founded in 1900 and is headquartered in New York, New York.
Advisors' Opinion:- [By Associated Press]
Given modest economic growth of 2.5 percent in the first three months of this year, participants said Krueger made a point of emphasizing that growth was 4.1 percent if only the private sector was taken into account. That figure tracks with other economic assessments. Mark Zandi, chief economist at Moody's (NYSE: MCO ) Analytics, says he too expects the drag on the economy caused by government tax increases and spending cuts to be about 1.5 percentage points for the entire year.
- [By Shauna O'Brien]
On Tuesday morning, Moody’s Corporation (MCO) reported that it has boosted its outlook for FY2014.
The rating agency has raised its adjusted FY2014 outlook to a range of $3.95 to $4.05 per share. The company previously reported an outlook of $3.90 to $4.00 per share. Analysts are expecting to see earnings of $4.02 per share.
The expected EPS does not include a 36 cent gain in relation to MCO’s acquisition of controlling interest in ICRA Ltd. The outlook includes costs related to its WebEquity purchase.
On a GAAP basis, MCO expects to see earnings between $4.31 and $4.41 per share. Revenue is expected to rise in the low double digits. Analysts expect to see revenue of $3.30 billion.
MCO Dividend SnapshotAs of market close on September 29, 2014
Click here to see the complete history of MCO dividends.
Moody’s Corporation shares were mostly flat during pre-market trading Tuesday. The stock is up 19.93% YTD.
- [By Anders Bylund]
Credit bureaus seem eager to reduce the subprime auto loans tension. Moody's (NYSE: MCO ) recently noted that banks have been "conservative" in their auto loan lending practices, doling out only 10% of their car loans to subprime consumers. These loan volumes aimed at credit ratings below 620 have not triggered an avalanche of defaults and delinquent payments, and the strong trends in new car loans mostly rest in high-quality borrowers.
- [By Sean Williams]
Today's best performer was ratings agency Moody's (NYSE: MCO ) , which surged 8.3% after it and McGraw-Hill (NYSE: MHFI ) subsidiary Standard & Poor's settled a lawsuit with slightly more than a dozen plantiffs in a case involving their rating of financial securities relating to the financial crisis. Although no financial figures were disclosed, settlements in cases like this are extremely common and usually for less than the sought-after amount, since court fees can be quite expensive. This could also bode well for future and ongoing litigation such as the U.S. government's suit against McGraw-Hill's Standard & Poor's for its selected ratings during the financial crisis.
5 Best High Tech Stocks To Own For 2014: NovaBay Pharmaceuticals Inc. (NBY)
NovaBay Pharmaceuticals, Inc., a clinical-stage biotechnology company, engages in the development of various product candidates for the therapeutic needs of the anti-infective market. Its products include Aganocide compounds comprising NVC-422 that are synthetic molecules for the treatment of impetigo and adenoviral conjunctivitis, as well as for reducing the incidence of urinary catheter blockage and encrustation, and the associated urinary tract infections. The company is also involved in developing NeutroPhase, a solution for cleansing and debriding wounds. It has collaboration and license agreement with Galderma S.A. to develop and commercialize its Aganocide compounds, which covers acne, impetigo, and other dermatological conditions. The company was formerly known as NovaCal Pharmaceuticals, Inc. and changed its name to NovaBay Pharmaceuticals, Inc. in February 2007. NovaBay Pharmaceuticals, Inc. was incorporated in 2000 and is based in Emeryville, California.
Advisors' Opinion:- [By CRWE]
NovaBay(r) Pharmaceuticals, Inc. (Amex:NBY), a clinical-stage biotechnology company developing its first-in-class, anti-infective Aganocide(r) compounds for the local non-systemic treatment and prevention of infections, reported that Tom Paulson, Chief Financial Officer, will present at the Rodman & Renshaw 14th Annual Healthcare Conference held September 9-11, 2012, in New York, NY.
5 Best High Tech Stocks To Own For 2014: BofI Holding Inc.(BOFI)
BofI Holding, Inc. operates as the holding company for BofI Federal Bank that provides various consumer and wholesale banking services primarily through the Internet in the United States. It accepts various deposit products, including demand deposit, savings, and certificates of deposit accounts. It also provides loan products, which consist of single family loans, home equity loans, multifamily loans, commercial real estate loans, recreational vehicle and automobile loans, and overdraft lines of credit In addition, the company offers online bill payment, interbank transfer, mobile banking, text message banking, ATM cards or VISA debit cards, and overdraft protection services. It serves approximately 36,000 retail deposit and loan customers across 50 states. BofI Holding, Inc. was incorporated in 1999 and is based in San Diego, California.
Advisors' Opinion:- [By Charly Travers]
2013 was an incredible year for investors, but has this amazing run-up left any climbing room for stocks in 2014? In this video, five of our analysts around Fool HQ answer the question, "What is one stock to watch in 2014?" They discuss�Twitter (NYSE: TWTR ) ,�Bank of Internet (NASDAQ: BOFI ) ,�Extendicare (NASDAQOTH: EXETF ) ,�Potash Corporation (NYSE: POT ) , and�Intel (NASDAQ: INTC ) , and why these five stocks could be poised to outperform in 2014, even as the market continues to reach all-time highs.