Jeffrey Gundlach, manager of the top-performing DoubleLine Total Return Bond Fund, is expanding to variable annuities by subadvising a fund modeled after his flagship for Prudential Plc's Jackson National Life Insurance.
DoubleLine received a $450 million mandate from Jackson for the Curian/DoubleLine Total Return Fund, which plans to invest more than half its assets in mortgage-backed securities, according to a statement today from Los Angeles-based DoubleLine. The fund, to be run by DoubleLine Chief Executive Officer Gundlach and President Philip Barach, can also bet on junk bonds, bank loans and credit-default swaps.
“This mandate marks the continuing institutional interest in DoubleLine's investment services and our channel diversification into the variable-annuity space,” Ron Redell, president of DoubleLine Funds Trust, said in the statement.
Best Undervalued Companies To Watch In Right Now: Unilife Corporation(UNIS)
Unilife Corporation, together with its subsidiaries, engages in the development and manufacture of advanced drug delivery systems in the United States and internationally. The company offers Unifill Syringe, a prefilled syringe designed for safe, simple, and convenient use by either healthcare workers or patients who self-administer prescription medication; and Unitract 1mL Syringes that are primarily designed for the subcutaneous injection of drugs within healthcare facilities and by patients who self-administer prescription medication, such as insulin. Its pipeline products include Unifill Select syringes, which facilitate the use of injectable drugs and vaccines between 0.2 and 1.5mL in volume that are supplied in either a liquid stable form or lyophilized for reconstitution; Unifill EZMix for the unmet needs of pharmaceutical companies seeking a delivery system for the reconstitution and administration of lyophilized drugs and vaccines; Unifill Auto-Injectors for the a ccurate, intuitive, and convenient administration of injectable drugs by patients outside of healthcare facilities; and Auto-Infusors, a range of single-use and disposable subcutaneous infusion systems for the patient self-injection of drugs between 3mL and 10mL in volume; and a novel device for the administration of a drug to a target organ. Unilife?s target customers include pharmaceutical and biotechnology companies seeking to optimize drug lifecycles and generate differentiation for their brand in competitive therapeutic markets through the use of innovative devices that can improve patient care, protect healthcare workers, and prevent disease; and suppliers of medical equipment to healthcare facilities and distributors to patients who self-administer prescription medication. The company is headquartered in York, Pennsylvania.
Advisors' Opinion:- [By Laura Brodbeck]
Next week investors will be waiting for several key earnings reports includingSotheby�� (NYSE: BID), Unilife Corporation (NASDAQ: UNIS), DISH Network Corporation (NASDAQ: DISH), Macy�� Inc. (NYSE: M), Wal-Mart Stores, Inc. (NYSE: WMT)
- [By Paul Ausick]
Stocks on the Move: Voxeljet AG (NYSE: VJET) is down 32.5% at $39.15 on both a momentum move and a scathing report from a short-seller. Unilife Corp. (NASDAQ: UNIS) is up 43.9% at $4.03 after signing a long-term contract for its syringes.
Hot Performing Companies For 2015: Wolseley PLC (WOS)
Wolseley plc is a specialist trade distributor of plumbing and heating products to professional contractors and a supplier of building materials in North America, the United Kingdom and Continental Europe. The Company operates in seven segments: USA, UK, Canada, Nordic, France, Central and Eastern Europe, and Group. On September 1 2009, the Company acquired Decorative Product Source, Inc, a company engaged in the distribution and supply of construction materials and services. On January 8, 2010, the Company disposed of 100% of Wolseley Ireland Holdings Limited, which comprised all the Company's businesses in the Republic of Ireland and the Brooks business in Northern Ireland. In November 2011, the Company announced that it had completed the sale of its remaining interest in Stock Building Supply to The Gores Group. In April 2012, the Company sold its Brossette, the French Plumbing and Heating business to Saint Gobain. In October 2012, the Company acquired Davis & Warshow, Inc. Advisors' Opinion:- [By Inyoung Hwang]
Wolseley Plc (WOS) added 3.1 percent to 3,296 pence, its largest gain in more than five weeks. The world�� biggest distributor of plumbing and heating products said so-called trading profit in the 12 months through July climbed to 725 million pounds ($1.2 billion) from 665 million pounds a year earlier. Analysts had predicted earnings of 704 million pounds, according to the average of 20 estimates compiled by the company. Wolseley proposed a special dividend payout of 300 million pounds.
Hot Performing Companies For 2015: Landec Corporation(LNDC)
Landec Corporation, together with its subsidiaries, designs, develops, manufactures, and sells polymer products for food and agricultural products, medical devices products, and licensed partner applications incorporating its patented polymer technologies. It has two polymer technology platforms that include Intelimer polymers, a proprietary class of crystalline, hydrophobic polymers, which respond to temperature changes in a controllable, predictable way; and Hyaluronan Biopolymer, a non-crystalline, hydrophilic polymer that exists naturally within the human body. The company?s Food Products Technology segment markets and packs produced and specialty packaged whole and fresh-cut vegetables utilizing the proprietary BreatheWay specialty packaging technology for the retail grocery, club store, and food services industry. This segment also sells BreatheWay packaging to partners for non-vegetable products. Its Food Export segment purchases and sells primarily whole commodity fruit and vegetable products to Asian markets. The company?s Hyaluronan-based Biomaterials segment sells products utilizing hyaluronan, a naturally occurring polysaccharide that is primarily distributed in the extracellar matrix of connective tissues in both animals and humans for medical use primarily in the ophthalmic, orthopedic, and veterinary markets. It also supplies hyaluronan to customers pursuing other medical applications, such as aesthetic surgery, medical device coatings, tissue engineering, and pharmaceuticals. Its Technology Licensing segment licenses Intellicoat, a proprietary seed coating technology to the farming industry; and Intelimer polymers for personal care products and other industrial products. The company sells its products in the United States, Canada, Taiwan, Belgium, Indonesia, China, and Japan. Landec Corporation was founded in 1986 and is based in Menlo Park, California.
Advisors' Opinion:- [By John Kell var popups = dojo.query(".socialByline .popC"); popups.forEach(func]
Landec Corp.(LNDC) said its fiscal third-quarter earnings rose 34% as its food business reported higher revenue.
Lindsay Corp.(LNN) said fiscal second-quarter revenue and earnings fell as the company’s irrigation business remains mired in a sales slump. The company’s results underperformed Wall Street expectations.
- [By Laura Brodbeck]
Thursday
Earnings Expected From: Landec Corporation (NASDAQ: LNDC), Resources Connection, Inc. (NASDAQ: RECN) Economic Releases Expected: Indian manufacturing PMI, Spanish manufacturing PMI, Hong Kong retail sales, Italian manufacturing PMI, French manufacturing PMI, German manufacturing PMI, eurozone manufacturing PMI, US manufacturing PMI, Canadian manufacturing PMI, US manufacturing PMIFriday
- [By Lauren Pollock]
Landec Corp.'s(LNDC) fiscal first-quarter profit grew 8.8% as the food-packaging maker reported higher revenue due to strong demand for vegetables. Margins, however, fell due to an increase in lower-margin food service sales and higher-than-expected raw produce costs.
Hot Performing Companies For 2015: Credit Suisse Group(CS)
Credit Suisse Group AG, together with its subsidiaries, operates as a financial services company. The company operates in three segments: Private Banking, Investment Banking, and Asset Management. The Private Banking segment offers advisory services and a range of wealth management solutions, including pension planning, life insurance products, tax planning, and wealth and inheritance advice for the high-net-worth and ultra-high-net-worth individuals. This segment also supplies banking products and services to affluent, high-net-worth and ultra-high-net-worth clients, and corporates and institutions. The Investment Banking segment provides investment banking and securities products and services to corporations, governments, pension funds, and institutions. Its products and services include debt and equity underwriting, sales and trading, mergers and acquisitions advice, divestitures, corporate sales, restructuring, and investment research. The Asset Management segment offe rs integrated investment solutions and services to institutions, governments, foundations and endowments, corporations, and individuals. It provides access to a range of investment classes across alternative investment, asset allocation, and traditional investment strategies. The company operates in Switzerland, Europe, the Middle East, Africa, the Americas, and the Asia Pacific. Credit Suisse Group AG was founded in 1856 and is headquartered in Zurich, Switzerland.
Advisors' Opinion:- [By Reuters]
Brennan Linsley/APJob seekers at a job fair in Denver. HONG KONG -- The U.S. unemployment rate will fall below 6 percent by the end of this year, a Federal Reserve official said Wednesday, offering a bullish view on the country's economy after central bank comments sent shock waves through financial markets last week. James Bullard, president of the Federal Reserve Bank of St. Louis, said that the outlook for the U.S. economy is "quite good," despite data from early in the year. "The biggest thing is that unemployment has come down more quickly than expected," said Bullard, speaking on a panel at the annual Credit Suisse (CS) investor conference in Hong Kong. He added later during a question and answer session that more progress is needed in the labor market before U.S. policymakers can consider raising interest rates. Bullard is known to be one of the Fed's more hawkish policymakers. He previously advocated for a rate hike as early as 2014, a stance he appears to have backed away from. U.S. monetary policy tightening took center stage last week after a two-day policy meeting, when the Fed said it expected to keep benchmark interest rates near zero for a "considerable time" after it wrapped up a bond-buying stimulus program, which it is widely expected to do toward the end of the year. Pressed on the statement at a news conference afterward, Fed Chairman Janet Yellen said the phrase "probably means something on the order of around six months or that type of thing." Stocks and bonds immediately tumbled as traders took the statement to suggest rate hikes could come sooner than they had anticipated. Bullard has joined other Fed officials in playing down the "six months" comment from Yellen, saying it was in line with what the private sector was anticipating. He repeated that view Wednesday. The unemployment rate for February rose to 6.7 percent from a five-year low of 6.6 percent as Americans flooded into the labor market to search for work. But the r
Hot Performing Companies For 2015: Westfield Group (WEFIF)
Westfield Group is engaged in ownership, development, design, construction, funds/asset management, leasing and marketing activities undertaken with respect to its global portfolio of retail properties. Property investments segment includes net property income from existing shopping centers and completed developments, revaluation of existing centers and other operational expenses. Property and project management segment includes income from third parties, property management and development fees, and associated business expenses. The development segment includes revaluation of redevelopments and development projects. The corporate business unit includes unallocated corporate entity expenses. In November 2013, Starwood Capital Group LLC acquired a majority interest in seven regional malls in the United States from the Westfield Group. Advisors' Opinion:- [By MARKETWATCH]
LOS ANGELES (MarketWatch) -- Australian stocks fell early Wednesday, tracking a weak lead from the U.S. but with a few blue-chip miners higher after gains for some commodities overnight. The S&P/ASX 200 (AU:XJO) retreated 0.4% to 5,237.80 after similar losses for the main Wall Street indexes, with the Australian benchmark trading around its lowest level since October. Among the major decliners, Qantas Airways Ltd. (AU:QAN) (QUBSF) lost 2.5%, Harvey Norman Holdings Ltd. (AU:HVN) (HNORY) gave up 1.3%, and Incitec Pivot Ltd. (AU:IPL) (ICPVY) fell 1.8%. Santos Ltd. (AU:STO) (STOSF) fell 2.6% on indication it will miss its lowered production guidance for 2013, according to the Australian Financial Review. On the upside, top miners BHP Billiton Ltd. (AU:BHP) (BHP) and Rio Tinto Ltd. (AU:RIO) (RIO) rose 0.3% and 0.7%, respectively, while Fortescue Metals Group Ltd. (AU:FMG) (FSUMF) traded 1% higher. Shares of global shopping-mall developer Westfield Group Australia (AU:WDC) (WEFIF) were on halt
Hot Performing Companies For 2015: Panera Bread Company(PNRA)
Panera Bread Company, together with its subsidiaries, owns, operates, and franchises retail bakery-cafes in the United States and Canada. Its bakery-cafes offer fresh baked goods, sandwiches, soups, salads, custom roasted coffees, and other complementary products, as well as provide catering services. The company also manufactures and supplies dough and other products to company-owned and franchise-operated bakery-cafes. As of March 29, 2011, it owned and franchised 1,467 bakery-cafes under the Panera Bread, Saint Louis Bread Co., and Paradise Bakery & Cafe names. The company was founded in 1981 and is based in St. Louis, Missouri.
Advisors' Opinion:- [By Valuentum]
As we can see from the above chart, Potbelly not only performed worse than its peers during the Great Recession, but it also didn't recover as strongly. To us, this suggests that the firm doesn't have the same pricing power as Chipotle (CMG) or Panera (PNRA), nor do its individual restaurants have the same growth potential.
- [By WWW.DAILYFINANCE.COM]
Michael Neelon(misc)/Alamy If you like to start your day with a cup of a coffee and like the idea of free, McDonald's (MCD) has a deal for you. From Sept. 16 through Sept. 29, the fast food giant is giving customers a free small coffee during its breakfast hours. At participating restaurants only, of course. McDonald's announced earlier this year that it was going to put more effort into growing its coffee business. Even though its brand is hardly built on coffee, the chain has become the top seller of coffee in the country. But there's stiff competition out there, with the likes of Starbucks (SBUX) and Dunkin' Donuts (DNKN) enjoying fierce brand loyalty -- and far stronger associations with java. But free is free, and the idea is to see if any of those who usually head to the other places for their morning Joe could be convinced to give McDonald's brew a try. Even when it's not free, coffee at McDonald's is often a much better deal than its competitors' cups. Many McDonald's outlets offer any size coffee for $1. Those who drink large coffees can expect to pay twice that at Dunkin' Donuts and even more at Starbucks. But if you value caffeine in your coffee, particularly to get you going in the morning, be aware that McDonald's coffee typically doesn't pack the punch of what Starbucks, Panera Bread Co. (PNRA) and Dunkin' are offering. Starbucks coffee has been measured as having more than twice the caffeine of McDonald's coffee, while most of the others were at least 20 percent more potent. Of course, not everyone requires the same amount of jolt. And free is free, even if it's only for two weeks. Freebies First, In Supermarkets Later McDonald's tried to amp up its coffee game in 2009, when is launched its McCafe concept. Now, the company is saying it expects to get into the grocery coffee wars, too, with its branded bagged coffee and single-serve K-cups arriving in stores early next year. This is the second time McDonald's has used a "Free Coffee Event"
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