The buzz has begun in advance of Focus13, the giant conference for gigantic independent broker-dealer LPL Financial, which will bring hundreds of advisors together for three days of technology launches, continuing education sessions, compliance workshops and networking opportunities between advisors and home-office partners.
To be held Aug. 18 to 21 in LPL’s headquarters city of San Diego, Focus13 will feature keynote speakers Gen. Colin Powell and The Economist economic editor Zanny Minton Beddoes in addition to home-office speakers Chairman and CEO Mark Casady, president of Advisor and Institution Solutions Robert Moore, Chief Investment Officer Burt White and more.
LPL’s heavy focus on technology will be a big theme of this year’s conference. The independent broker-dealer already has established itself in the Twittersphere (with 2,794 followers as of Wednesday, many of them including the 17,000 financial professionals associated with the firm), and LPL is using that online presence to talk up its tech launches ahead of the conference.
Top Healthcare Technology Stocks To Invest In Right Now: United States Steel Corporation(X)
United States Steel Corporation produces and sells steel mill products in North America and Central Europe. It operates in three segments: Flat-rolled Products (Flat-rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-rolled segment offers slabs, rounds, strip mill plates, sheets, and tin mill products, as well as iron ore and coke. This segment serves service center, conversion, transportation, construction, container, and appliance and electrical markets in North America. The USSE segment offers slabs, sheets, strip mill plates, tin mill products, and spiral welded pipes, as well as heating radiators and refractory ceramic materials. This segment serves the European construction, service center, conversion, container, transportation, and appliance and electrical, as well as and oil, gas, and petrochemical markets. The Tubular segment offers seamless and electric resistance welded steel casing and tubing; and standard, and line pipe and mechanical tubing. It primarily serves customers in the oil, gas, and petrochemical markets. The company also provides transportation services, including railroad and barge operations. In addition, it owns, develops, and manages various real estate assets, which include approximately 200,000 acres of surface rights primarily in Alabama, Illinois, Maryland, Michigan, Minnesota, and Pennsylvania; participates in joint ventures that are developing real estate projects in Alabama, Maryland, and Illinois; and owns approximately 4,000 acres of land in Ontario, Canada. The company was founded in 1901 and is headquartered in Pittsburgh, Pennsylvania.
Advisors' Opinion:- [By Ben Levisohn]
U.S. Steel (X) has dropped this morning after the U.S. steel giant beat earnings forecasts but offered disappointing second-quarter guidance.
ReutersUS Steel reported a profit of 34 cents a share, beating the Street consensus for 32 cents, but said it would have a tough time during the second quarter.
JPMorgan’s Michael Gambardella says even the beat isn’t as good as it looks:
U.S. Steel’s 1Q14 earnings fell short of expectations, after excluding a one-time $0.10 gain from headline EPS, and management guided 2Q14 net income to a loss in large part from the impact of recent outages at the company�� Gary and Great Lakes facilities which we previously estimated at 45% of Flat-Rolled capacity. We believe the loss in Flat-Rolled will still come as a negative surprise to the market which just began revising 2Q14 earnings expectations lower in recent weeks.
Nomura’s Curt Woodworth and team explain why the outages are such bad news:
Reduced volume should contribute to higher unit costs and limit X�� ability to sell into a strong spot sheet market, where prices have reached close to $700/ton, as contract volumes take priority. The outages in 2Q are also expected to negatively impact the mix away from coated automotive products, a high margin product category. X didn�� quantify the transitory impact from the recent outages; however, we estimate a sizable negative impact given the significant economies of scale at the affected plants.
Shares of U.S. Steel have dropped 2.9% to 25.57 at 10:03 a.m. but don’t seem to have impact other steel stocks much, if at all. Steel Dynamics (STLD) has dropped 0.6% to $18.07, while Nucor (NUE) has dipped 0.2% to $51.56. ArcelorMittal (MT), however, has gained 0.2% to $16.15 and AK Steel (AKS) has risen 0.6% to $6.92.
- [By Monica Gerson]
United States Steel (NYSE: X) dipped 2.22% to $22.90 after the company posted a Q3 loss of $1.79 billion.
Posted-In: PreMarket LosersNews Movers & Shakers Pre-Market Outlook Markets
- [By Ben Levisohn]
U.S. Steel (X) has gained more than 50% during the past six months but Nomura’s Curt Woodworth and Alexander Burnes think it could gain another 50%. They explain why:
Emile WamstekerIf we normalize for lumpy maintenance expense in 2H of 2014 and annualize back half performance,�U.S. Steel is at an annual EBITDA run-rate of $2.0bn and EPS of $5.00 normalizing for a tax rate of 35% even though U.S. Steel�� recent tax rate has been well below this level. We believe that with additional cost reduction efforts in 2015 coupled with accretive capital deployment into EAF and/or DRI, U.S. Steel�should be able to achieve mid-cycle EPS near $6.00 in 2015E. Our 2015E EPS estimate is $5.35, based on a 25% tax rate. We believe a fair mid-cycle multiples for�U.S. Steel are 10x P/E and 6.0x EV/EBITDA, both of which would equate to a $60 share price. Including the benefits of deleveraging, we note that U.S. Steel would trade at only 4.5x our pension-adjusted 2016E EV/EBITDA at our $55 TP.�U.S. Steel currently trades at a FCF yield of 13% in 2015E and 11% in 2016E, which we find compelling.
At yesterday’s close of $40.08, that leaves 50% of upside to $60 and a hefty 37% to Nomura’s price target of $55.
After gaining 5.1% yesterday following a surprisingly strong earnings report, U.S. Steel has dropped 1.1% to $39.62 at 11:09 a.m. today, while AK Steel (AKS) has dropped 1.7% to $7.28 and ArcelorMittal (MT) has fallen 1.8% to $12.73.
Top 5 Financial Stocks To Watch Right Now: WisdomTree Europe SmallCap Dividend Fund (DFE)
WisdomTree Europe SmallCap Dividend Fund is a non-diversified fund. It seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree Europe SmallCap Dividend Index.
The WisdomTree Europe SmallCap Dividend Index is a fundamentally weighted index that measures the performance of the small-capitalization segment of the European dividend-paying market. The Index is comprised of the companies that compose the bottom 25% of the market capitalization of the WisdomTree Europe Dividend Index.
Advisors' Opinion:- [By Matthew McCall]
The European equity rebound continues and within the region the small cap stocks have been quietly performing very well. The WisdomTree Europe Small Cap Dividend ETF (NYSE: DFE) focuses on small cap stocks that pay high dividends.
Top 5 Financial Stocks To Watch Right Now: Spdr Nuveen Barclays Capital Short Term Municipal Bond Etf (SHM)
SPDR Nuveen Barclays Short Term Municipal Bond ETF (the Fund), formerly SPDR Nuveen Barclays Capital Short Term Municipal Bond ETF, correspond generally to the price and yield performance of the Barclays Capital Managed Money Municipal Short Term Index (the Index). The Fund uses a passive management strategy designed to track the Index. The Index tracks publicly traded municipal bonds that cover the United States dollar-denominated, short-term tax exempt bond market, including state and local general obligation bonds, revenue bonds, insured bonds and pre-refunded bonds. The Fund�� investment manager is SSgA Funds Management, Inc. Advisors' Opinion:- [By Todd Rosenbluth]
Fortunately, there are some short-term muni ETFs to choose from. The largest is SPDR Nuveen Barclays Short-Term Muni Bond (SHM). About 65% of the bonds inside have a AA rating, with most of the remaining ones having a AAA rating.
Top 5 Financial Stocks To Watch Right Now: ITonis Inc (ITNS)
ITonis Inc., incorporated on July 5, 2005, operates as a holding company. The Company focuses to purchase entrepreneurial companies that have established themselves, or are expected to establish themselves in various markets.
The Company invests in small growth entrepreneurial companies. In May 2011, the Company acquired Performance Mortgage Group, Inc., as a wholly owned subsidiary.
Advisors' Opinion:- [By Peter Graham]
What�� the Catch With MyEcheck Inc? According to various disclosures, transactions of $500 and $2k have or will occur to mention MyEcheck Inc in various investment newsletters. The most recent news for MyEcheck Inc is not so recent as it dates from last April and was an announcement that the company would license its proprietary system to other operators for a share of their transaction revenue on the system with the CEO pointing out: ��n addition to our processing revenue, we will have licensing revenue that will exceed our processing revenue in a relatively short period of time." However, a quick look at MyEcheck Inc�� financials reveals revenues of $3k (most recent reported quarter), zero, zero and zero for the past four quarters along with net income of $387k (most recent reported quarter) and net losses of $8k, $35k and $14k. At the end of last June, MyEcheck Inc had no cash to cover $804k in current liabilities. So maybe investor will want to wait for evidence of licensing and processing revenue to materialize.
ITonis Inc (OTCMKTS: ITNS) Recently Announced Its First OrderSmall cap ITonis Inc is an Orange County, California based holding company established in 2005 that's is currently undergoing a company-wide transformation to embark upon an aggressive acquisition plan to purchase high growth entrepreneurial companies that have established themselves, or are expected to establish themselves as leaders in various market niches. On Friday, ITonis Inc fell 9.09% to $0.003 for a market cap of $2.56 million plus ITNS is down 80.3% over the past year and down 50% over the past five years according to Google Finance.
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