David Paul Morris/Bloomberg via Getty Images NEW YORK -- U.S. consumer sentiment retreated in August from last month's six-year high, though Americans were slightly more upbeat in their outlook than earlier in the month, a survey released Friday showed. The Thomson Reuters/University of Michigan's final reading on the overall index on consumer sentiment slipped to 82.1 in August from 85.1 in July. The final result did manage to top an initial mid-month reading of 80.0 and beat economist expectations for a final read of 80.5. "Most of the late August gain was due to more favorable income expectations, with consumers expecting the largest income gains in nearly five years, although the median expected increase was just 0.9 percent, less than the expected rate of inflation," survey director Richard Curtin said in a statement. However, households with incomes below $75,000 grew more pessimistic about the future, and all households expected higher interest rates over the next year and slightly slower growth. That helped drive the gauge of consumer expectations down to 73.7 from 76.5. The survey's barometer of current economic conditions slipped to 95.2 from 98.6 in July. Long-term interest rates have risen by more than a full percentage point over the last three months on the view that the Federal Reserve will start scaling back as soon as next month its hefty support for the economy. That has pushed up mortgage rates. Economists fear consumer sentiment could weaken if higher interest rates start to slow momentum in a housing revival that has been one of the brightest spots in the overall U.S. recovery The one-year inflation expectation fell to 3 percent from 3.1 percent while the five-to-10-year inflation outlook edged up to 2.9 percent from 2.8 percent.
Hot Freight Stocks To Own For 2015: Huntington Ingalls Industries Inc. (HII)
Huntington Ingalls Industries, Inc. designs, builds, overhauls, and repairs ships primarily for the U.S. Navy and Coast Guard. It offers nuclear-powered ships, such as aircraft carriers and submarines; and non-nuclear ships, including surface combatants, expeditionary warfare/amphibious assault, coastal defense surface ships, and national security cutters, as well as engages in the refueling and overhaul, and inactivation of nuclear-powered ships. The company also operates as a full-service systems provider for the design, engineering, construction, and life cycle support of major programs for surface ships; and a provider of fleet support and maintenance services for the U.S. Navy. In addition, it provides a range of support services, including fabrication, construction, equipment, and technical services, as well as product sales to commercial nuclear power plants, fossil power plants, and other industrial facilities, as well as government customers. The company is based in Newport News, Virginia.
Advisors' Opinion:- [By Katie Spence]
Who builds what
Both General Dynamics' (NYSE: GD ) Bath Iron Works shipbuilding company and Huntington Ingalls Industries' (NYSE: HII ) Ingalls Shipbuilding build the DDG 51 Aegis Destroyer, with the Navy typically buying ships from each builder. - [By Monica Wolfe]
Huntington Ingalls Industries (HII)
Fournier�� fifth largest position is in Huntington Ingalls Industries. The guru holds on to 4,129,567 shares, representing 8.32% of the company�� shares outstanding and 4.3% of his total portfolio. The guru did not make any changes to his holdings in Huntington over the second quarter.
Hot Income Stocks To Invest In Right Now: Kazakhmys PLC (KAZ)
Kazakhmys PLC, along with its subsidiaries, is natural resource company focused on the production of copper. It is engaged in the production of copper and other metals as by-products, including zinc, silver and gold, and power generation. The Company�� segments are Kazakhmys Mining, which is engaged in the exploration, evaluation, development, mining and processing of mineral resources and sale of the metal products; MKM, which operates in Germany, where it manufactures copper and copper alloy semi-finished products; Kazakhmys Power, which operates in Kazakhstan, and consists of its captive power stations, the Ekibastuz GRES-1 coal-fired power station joint venture, and Kazakhmys Petroleum business, which holds a license to conduct oil and gas exploration and development activity in the East Akzhar Exploration Block in western Kazakhstan. In May 2011, the Company completed the disposal of the small Maikuben West coal mine. Advisors' Opinion:- [By Alexis Xydias]
Kazakh miners ENRC (ENRC) and Kazakhmys Plc (KAZ) slid 3.7 percent to 204 pence, and 2.4 percent to 258.7 pence, respectively, as the FTSE 350 Mining Index fell for the third time this week. African Barrick Gold Plc tumbled 7.7 percent to 96 pence, a record low.
Hot Income Stocks To Invest In Right Now: Acadia Realty Trust (AKR)
Acadia Realty Trust (the Trust), incorporated on March 04, 1993, is a real estate investment trust (REIT). The Trust is focused on the ownership, acquisition, redevelopment, and management of retail properties and urban/infill mixed-use properties with a retail component located primarily in barrier-to-entry, supply constrained, densely-populated metropolitan areas in the United States along the East Coast and in Chicago. Its primary objective is to acquire and manage commercial retail properties. It operates in four segments: Core Portfolio, Opportunity Funds, Notes Receivable and Other. The Trust also has private equity investments in other retail real estate related opportunities, in which it has a minority interest. As of December 31, 2012, the Trust controlled 99% of the Operating Partnership as the sole general partner. During the year ended December 31, 2012, the Company sold 12 of the 14 self-storage properties with two properties remaining under contract.
The Company owns a 22.2% interest in an approximately one million square foot retail portfolio (the Brandywine Portfolio) located in Wilmington, Delaware, a 49% interest in a 311,000 square foot shopping center located in White Plains, New York (Crossroads) and a 50% interest in an approximately 28,000 square foot retail portfolio located in Georgetown, Washington D.C. (the Georgetown Portfolio). These investments are accounted for under the equity method. Through Mervyns I and Mervyns II, the Company invested in a consortium to acquire Mervyns, consisting of 262 stores (REALCO) and its retail operations (OPCO), from Target Corporation.
As of December 31, 2012, the Company operated 100 properties, which the Company owns or has an ownership interest in, within its Core Portfolio or within its Opportunity Funds. Its Core Portfolio consists of those properties either 100% owned by, or partially owned through joint venture interests by the Operating Partnership, or subsidiaries thereof, not including those properties ow! ned through its Opportunity Funds. These 100 properties primarily consist of urban/street retail, dense suburban neighborhood and community shopping centers and mixed-use properties with a retail component. The properties the Company operates are located primarily in barrier-to-entry, densely-populated metropolitan areas in the United States along the East Coast and in Chicago. There are 72 properties in its Core Portfolio totaling approximately 5.3 million square feet. Fund I has three remaining properties comprising approximately 0.1 million square feet. Fund II has six properties, four of which (representing 0.6 million square feet) are operating, one is under construction, and one is in the design phase. Fund III has 14 properties, nine of which (representing 1.7 million square feet) are operating and five of which are in the design phase. Fund IV has five properties, four of which are operating with one under design. The majority of its operating income is derived from rental revenues from these 100 properties, including recoveries from tenants, offset by operating and overhead expenses.
The Company�� Core Portfolio consists primarily of urban/street retail properties and neighborhood and community shopping centers located in barrier-to-entry supply constrained markets. As of December 31, 2012, there are 72 operating properties in Its Core Portfolio totaling approximately 5.3 million square feet of gross leasable area (GLA). The Core Portfolio properties are located in 12 states and the District of Columbia and primarily consist of urban/street retail, dense suburban neighborhood and community shopping centers and mixed-use properties with a retail component. Its shopping centers are predominately anchored by supermarkets or value-oriented retail. The properties are diverse in size, ranging from approximately 3,000 to 875,000 square feet and as of December 31, 2012, were, in total, 94% occupied. As of December 31, 2012, the Company owned and operated 20 properties totaling approximat! ely 2.5 m! illion square feet of GLA in its Opportunity Funds, excluding eight properties under redevelopment. In addition to shopping centers, the Opportunity Funds have invested in mixed-use properties, which generally include retail activities. The Opportunity Fund properties are located in eight states and the District of Columbia and as of December 31, 2012, were, in total, 88% occupied.
As of December 31, 2012, within its Core Portfolio and Opportunity Funds, the Company had approximately 650 leases. A majority of its rental revenues were from national retailers and consist of rents received under long-term leases. These leases generally provide for the monthly payment of fixed minimum rent and the tenants' pro-rata share of the real estate taxes, insurance, utilities and common area maintenance of the shopping centers. During the year ended December 31, 2012, certain of its leases also provide for the payment of rent based on a percentage of a tenant's gross sales in excess of a stipulated annual amount, either in addition to, or in place of, minimum rents. Minimum rents, percentage rents and expense reimbursements accounted for approximately 92% of its total revenues.
Three of its Core Portfolio properties and five of its Opportunity Fund properties are subject to long-term ground leases in which a third party owns and has leased the underlying land to the Company. The Company pays rent for the use of the land and is responsible for all costs and expenses associated with the building and improvements at all eight locations. During 2012, no individual property contributed in excess of 10% of its total revenues.
Advisors' Opinion:- [By Marc Bastow]
Retail properties real estate investment trust Acadia (AKR) raised its quarterly dividend 9.5% to 23 cents per share, payable on Jan. 15 to shareholders of record as of Dec. 15.
AKR Dividend Yield: 3.51%
Hot Income Stocks To Invest In Right Now: Pitney Bowes Inc(PBI)
Pitney Bowes Inc. provides mail processing equipment and integrated mail solutions worldwide. It offers a suite of equipment, supplies, software, services, and solutions for managing and integrating physical and digital communication channels. The company?s Small & Medium Business Solutions group engages in the sale, rental, and financing of mail finishing, mail creation, and shipping equipment and software; provision of supply, support, and other professional services; and provision of payment solutions. Its Enterprise Business Solutions group sells, supports, and offers other professional services for high-speed production mail systems, and sorting and production print equipment; and sells and provides support services for non-equipment-based mailing, customer relationship and communication, and location intelligence software. This group also offers facilities management services; secure mail services; reprographic document management services; and litigation support and eDiscovery services, as well as provides presort mail services and cross-border mail services; and direct marketing services. Pitney Bowes Inc. markets its products and services through its sales force, direct mailings, outbound telemarketing, and independent distributors and dealers to various business, governmental, institutional, and other organizations. The company, formerly known as Pitney Bowes Postage Meter Company, was founded in 1920 and headquartered in Stamford, Connecticut.
Advisors' Opinion:- [By Nick Taborek]
Pitney Bowes (PBI), rose 13 percent to $16.60, the most in the S&P 500. The provider of postal meters and other equipment agreed to sell its management-services unit to Apollo Global Management LLC (APO) for about $400 million in cash.
- [By Rick Aristotle Munarriz]
AP, Showtime From a high-end apparel retailer making a down-market move to the leading video service adding to its growing library, here are the wonders and blunders of the week. Amazon.com (AMZN) -- Winner Apple (AAPL) may have hit the market with the new iPad Air on Friday, but it was Amazon making the most of the launch -- to promote its own platform. Amazon has spent most of the week pushing its new 8.9-inch Kindle Fire HDX tablet at the top of the popular e-tailer's home page, pitting it against the iPad Air. Amazon points out that its Kindle Fire HDX is 20 percent lighter, packs 950,000 more pixels, and will set shoppers back $120 less than the somewhat comparable iPad Air. You have to admire Amazon's moxie here. Apple just moved more than 14 million iPads in its latest quarter -- and that was the older models during a non-holiday quarter. Amazon's willing to butt heads with the top brand in tablets, and it's doing it on a site that it knows will be getting very busy in the coming weeks as holiday shoppers begin to research the best tablet to buy this season. Well played, Amazon. lululemon ahtletica (LULU) -- Blunder When it comes to selling high-end yoga clothing, no one does it as well as lululemon athletica. Sure, there was that embarrassing episode earlier this year where its black Luon yoga pants were too sheer, resulting in the departure of its head of merchandising. However, how do you justify filling that opening by bringing in Kmart's head of apparel to be your new chief products officer? Kmart has struggled with years of declining comps, and it's a lackluster discount department store chain. Even if she was more than qualified for the gig, investor -- and more dangerously customer -- perceptions may mark down lululemon's image. Pitney Bowes (PBI) -- Winner Metered mail may be a fading industry, but that didn't stop Pitney Bowes from hitting a fresh 52-week high this week after posting encouraging quarterly results. The key here is tha
Hot Income Stocks To Invest In Right Now: Golden Star Resources Ltd(GSS)
Golden Star Resources Ltd., a gold mining and exploration company, through its subsidiaries, engages in the acquisition, exploration, development, and production of gold properties. It owns and operates the Bogoso/Prestea gold mining and processing operation that covers approximately 40 kilometers of strike along the southwest-trending Ashanti gold district in western Ghana; and the Wassa open-pit gold mine located to the east of Bogoso/Prestea in southwest Ghana. The company also has an 81% interest in the Prestea underground gold mine located in Ghana. In addition, it holds interests in various gold exploration projects in Ghana, Sierra Leone, Burkina Faso, Niger, and Cote d?Ivoire, as well as holds and manages exploration properties in Brazil in South America. The company was founded in 1984 and is based in Littleton, Colorado.
Advisors' Opinion:- [By Patricio Kehoe] some future and gave several reasons for my bearish stance towards the stock. A small market, high geopolitical risk in some of the countries the firm operates, along with overexpansion in times of fluctuating gold prices gave tune to the massive shedding of shares by investment gurus. Five months have past since I last considered Golden Star�� potential, and everything indicates the situation has not changed.
Guru Activity Shows a Clear Tendency
Steven Cohen (Trades, Portfolio), Chuck Royce (Trades, Portfolio) and Arnold Schneider (Trades, Portfolio), had already sold their entire holdings in the company by October 2013, indicating they had little faith in the gold miner�� recovery. By the end of the year, Jim Simons' (Trades, Portfolio) Renaissance Technologies took a similar decision, reducing its stake in the firm by 32%. This tendency towards the sale of Golden Star stock was duly noted by investors and analysts alike, and concurs with the company�� poor performance.
A Look at the Numbers
In an industry plagued by fluctuating metal prices, operating with lofty margins can be quite helpful. Yet Golden Star cannot afford such luxuries. With an operating margin of 0.1% and a net margin of -56.8% the firm is in a tight spot, especially when compared to the industry average. Unlike its industry peers��median, which are of 2.26% and -0.09%, respectively, the Toronto-based gold miner is struggling to generate decent cash flow levels. Further metrics depict a even worse situation for shareholders: return on equity is currently at -370% and revenue growth is estimated to reach a poor 2.5%. Purchasing overpriced assets, relative to current gold prices, is surely one of the reasons for such grim figures, as financial losses have taken their toll on Golden Star.
The announcement of its 2013 full year, and fourth quarter earnings only helped to add to shareholders��concerns. A 15% decline in revenue was expected by those
Hot Income Stocks To Invest In Right Now: Constant Contact Inc.(CTCT)
Constant Contact, Inc. provides on-demand email marketing, social media marketing, event marketing, and online survey products primarily in the United States. It offers email marketing products, which allow customers to create, send, and track professional and affordable permission-based email marketing campaigns; and social media marketing products that allow customers to manage and optimize their presence across multiple social media networks. The company also provides event marketing products, which enable its customers to promote and manage events, communicate with invitees and registrants, capture and track registrations, and collect online payments; and online survey products that enable its customers to create and send surveys, and analyze the responses. In addition, it offers customer support services to customers and trailers through phone, chat, email, and social media. Further, the company provides ancillary services, such as custom services to customers who lik e its email campaigns, event promotions, or surveys prepared for them; and online training programs to educate participants on email marketing and social media marketing best practices, as well as a workshop programs. It markets its products directly for small organizations, including retailers, restaurants, law and accounting firms, consultants, non-profits, religious organizations, and alumni associations. The company was formerly known as Roving Software Incorporated and changed its name to Constant Contact, Inc. in 2006. Constant Contact, Inc. was founded in 1995 and is headquartered in Waltham, Massachusetts.
Advisors' Opinion:- [By Lisa Levin]
Constant Contact (NASDAQ: CTCT) shares rose 27.28% to $27.90. The volume of Constant Contact shares traded was 797% higher than normal. Constant Contact lifted its Q1 and FY14 revenue outlook.
- [By Evan Niu, CFA]
What: Shares of Constant Contact (NASDAQ: CTCT ) have popped today by upwards of 19% after the company reported first-quarter earnings.
- [By Jake L'Ecuyer]
Equities Trading UP
Constant Contact (NASDAQ: CTCT) shares shot up 26.32 percent to $27.69 after the company lifted its Q1 and FY14 revenue outlook.
Hot Income Stocks To Invest In Right Now: Bovis Homes Group PLC (BVS)
Bovis Homes Group PLC is a builder of traditional homes in England and Wales. The Company�� business involves the designing, building and selling of new homes for both private and public sector customers. The Company delivers projects such as Land acquisition, Planning, Legal, Design, Surveying, Engineering, Purchasing, Construction, Sales and marketing, Public relations and Customer service. Advisors' Opinion:- [By Inyoung Hwang]
Bovis Homes Group Plc (BVS) climbed 4 percent to 790 pence. Liberum Capital Ltd. raised its rating on the housebuilder to buy from hold. Persimmon Plc (PSN), the U.K.�� largest residential property developer, gained 2.5 percent to 1,255 pence.
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