Is CORP a buy? - Seeking Alpha

Quote & Headlines Market Currents StockTalk

Today 5d 1m 3m 1y 5y 10y

52wk high:

52wk low:

EPS:

PE:

Div Rate:

Yield:

Market Cap:

Volume:

138 people get CORP articles and Market Currents by email alert.

Get email alerts on CORP »

HEADLINES:

What To Watch For In The Bond Market
Wall Street Wisdom • Sun, May 5 • 4 Comments
Corporate Bond ETFs: High-Yield Vs. Investment Grade
Tom Lydon • Wed, Apr 24
Global Macro: Equity Highs And Intermarket Question Marks
Andrew Sachais • Thu, Apr 11 • 1 Comment
Stocks And Bonds Are Not Really At Odds With Each Other
Calafia Beach Pundit • Tue, Apr 9 • 3 Comments
Yes, There Is Still Hope In Bond Investments
MyPlanIQ • Wed, Apr 3 • 6 Comments
Don't Own Any High Yield Bonds? Are You Sure?
Carole Cable • Tue, Mar 26 • 2 Comments
Investment Grade Corporate Bond ETF Yields 4%
Tom Lydon • Mon, Mar 11 • 2 Comments
Investment Grade Corporate Bond ETFs: Is There Any Upside Left?
Morningstar • Mon, Jan 14 • 1 Comment
How Washington Is Stealing Christmas: The Real 'Grinch'
Phillip L. Clark • Fri, Dec 21, 2012 • 9 Comments
Global Macro Picture: Certainly Unsure
Andrew Sachais • Sun, Nov 11, 2012 • 2 Comments
Eliminating The Rating Agencies, Part 3
David Merkel • Fri, Nov 9, 2012 • 4 Comments
Understanding The Life Cycle Of A Rally In Corporates Can Lead To Further Gains
Bondsquawk • Fri, Sep 28, 2012
Comparison Of Corporate Bonds In Long-Term Rising And Falling Rate Markets
Richard Shaw • Mon, Sep 17, 2012 • 8 Comments
Household Deleveraging Continued In Q2 2012
Economics Fanatic • Tue, Sep 4, 2012 • 4 Comments
Weekend Global Macro: Resistance Approaches Macro Risk Assets
Andrew Sachais • Sun, Aug 19, 2012 • 6 Comments
Global Macro: Low Volumes Equal Price Exaggeration
Andrew Sachais • Thu, Aug 16, 2012 • 1 Comment
Risk Management With Corporate Bond ETFs
Tom Lydon • Mon, Apr 30, 2012
Finding Income Today: A Risky Business
Russ Koesterich • Fri, Apr 27, 2012 • 4 Comments
Top 10 Corporate Bond ETFs
David Fry • Wed, Apr 25, 2012 • 5 Comments
A Market Lacking Diversification, Revisited
Morningstar • Tue, Mar 20, 2012

To learn more about Seeking Alpha Pro, click here.

There are no Focus articles on CORP.

What To Watch For In The Bond Market
Wall Street Wisdom • Sun, May 5 • 4 Comments
Corporate Bond ETFs: High-Yield Vs. Investment Grade
Tom Lydon • Wed, Apr 24
Global Macro: Equity Highs And Intermarket Question Marks
Andrew Sachais • Thu, Apr 11 • 1 Comment
Stocks And Bonds Are Not Really At Odds With Each Other
Calafia Beach Pundit • Tue, Apr 9 • 3 Comments
Yes, There Is Still Hope In Bond Investments
MyPlanIQ • Wed, Apr 3 • 6 Comments
Don't Own Any High Yield Bonds? Are You Sure?
Carole Cable • Tue, Mar 26 • 2 Comments
Investment Grade Corporate Bond ETF Yields 4%
Tom Lydon • Mon, Mar 11 • 2 Comments
Investment Grade Corporate Bond ETFs: Is There Any Upside Left?
Morningstar • Mon, Jan 14 • 1 Comment
How Washington Is Stealing Christmas: The Real 'Grinch'
Phillip L. Clark • Fri, Dec 21, 2012 • 9 Comments
Global Macro Picture: Certainly Unsure
Andrew Sachais • Sun, Nov 11, 2012 • 2 Comments
Eliminating The Rating Agencies, Part 3
David Merkel • Fri, Nov 9, 2012 • 4 Comments
Understanding The Life Cycle Of A Rally In Corporates Can Lead To Further Gains
Bondsquawk • Fri, Sep 28, 2012
Comparison Of Corporate Bonds In Long-Term Rising And Falling Rate Markets
Richard Shaw • Mon, Sep 17, 2012 • 8 Comments
Household Deleveraging Continued In Q2 2012
Economics Fanatic • Tue, Sep 4, 2012 • 4 Comments
Weekend Global Macro: Resistance Approaches Macro Risk Assets
Andrew Sachais • Sun, Aug 19, 2012 • 6 Comments
Global Macro: Low Volumes Equal Price Exaggeration
Andrew Sachais • Thu, Aug 16, 2012 • 1 Comment
Risk Management With Corporate Bond ETFs
Tom Lydon • Mon, Apr 30, 2012
Finding Income Today: A Risky Business
Russ Koesterich • Fri, Apr 27, 2012 • 4 Comments
Top 10 Corporate Bond ETFs
David Fry • Wed, Apr 25, 2012 • 5 Comments
A Market Lacking Diversification, Revisited
Morningstar • Tue, Mar 20, 2012

There are no Transcripts on CORP.

Weekend Investor: How to pad your stock returns with corporate bonds

at MarketWatch.com (Dec 2, 2011)

CORP vs. ETF Alternatives

CORP Description

The fund's objective is to provide total return that closely corresponds, before fees and expenses, to the total return of The BofA Merrill Lynch US Corporate IndexSM. BofA Merrill Lynch US Corporate IndexSM* is an unmanaged index comprised of U.S. dollar denominated investment grade, fixed rate corporate debt securities publicly issued in the U.S. domestic market with at least one year remaining term to final maturity and at least $250 million outstanding. It is not possible to invest directly in an unmanaged index.
See more details on sponsor's website

Country: United States

Key Info

In Your Portfolio: Broad U.S. Bond ETFs, A Guide to U.S. Corporate Bond ETFs
Asset Class Performance: Bonds

All
| Earnings
| Dividends
| M&A
| On the move

Monday, May 20, 1:10 PM With borrowers racing to market before demand dries up or interest rates rise, corporate bond (LQD) sales this month are on pace for their busiest May ever, according to Bloomberg. The previous record of $162.6B was hit in 2008. Warnings from Buffett and Gross about the likelihood of higher rates are ignored as "investors have cash to spend yet fewer alternatives to buy," writes a Morgan Stanley team. Comment!
Friday, May 10, 5:57 AM Don't panic, Moody's says, there's "no strong evidence that recent [corporate debt] issuance levels presage a damaging correction." The notion that a bubble is building in the corporate bond market isn't reflected in credit spreads which, for both investment grade (LQD) and high yield (HYG, JNK), are closer to long-run averages than they are to alarmingly tight. Furthermore, the ratings agency says a surge in issuance reflects the "disintermediation of the banking sector" and notes that the proportion of total corporate liabilities comprised of debt securities hasn't significantly increased over the past two years." We can all rest easy now. (previous) 2 Comments
Wednesday, May 8, 11:20 AM Coupons continue to shrink on fixed-rate U.S. corporate bonds reports Fitch, with the average falling to 5.6% in March, down from 5.7% at year end, and 6.1% a year ago. Investment-grade paper (LQD) came in at 3%, speculative (HYG, JNK) at 6.3%. New issuance in Q1 was $259.5B, putting 2013 on pace with 2012's record activity. Rating activity remains subdued, with downgrades affecting just 1% of issuance, upgrades 1.8%. Comment!
Friday, April 12, 12:28 PM Fixed-income may not be being given away as it was in 2010, but there's still value, says Jeff Gundlach, scoffing at talk of a bond bubble. "Raise your hand" if you own Treasurys for yourself or a client, he asked a room full of advisors (none went up). Bonds are not "over-owned" in the U.S., he says, showing cash and fixed income make up a higher percentage of household financial assets in other countries. 5 Comments [U.S. Economy]
Wednesday, February 27, 11:10 AM Leading off his latest outlook with Alan Greenspan's "irrational exuberance" line, Bill Gross (BOND) ponders its application to credit markets (LQD, HYG, JNK) today. Conclusion: Not yet. Labeling credit irrationality a 6 on a scale of 1-10, Gross suggests not selling, but instead lowering expectations.
1 Comment [U.S. Economy]
Wednesday, February 13, 9:15 AM Corporate debt has duration risk as well, and worries over higher rates have BlackRock planning two actively-managed ETFs focused on short-term paper. Average duration of IG debt stands at a near-record 6.8 years, according to BAML. The long-end has been the place to be, but shorter-duration is "gaining traction." LQD -1.4% YTD. Comment! [U.S. Economy]
Tuesday, February 5, 2:49 PM Money for nothing. IBM plans a sale of $2B in floating-rate debt, with the 2-year paper maybe priced at Libor minus 2 basis points. The 5-year notes look to yield 47 bps more than 5-year Treasurys. Coca-Cola and P&G both issued debt paying less than the benchmark rate last year. 1 Comment [U.S. Economy]
Thursday, January 31, 4:37 PM Are funds flowing out of junk bonds? The noticeable turn lower in HYG and JNK in the past couple of sessions has been accompanied by surging volume, notes John Spence. Both of the ETFs have returned to about flat YTD. The IG corporate bond ETF (LQD) is now red. Dan Fuss describes today's high yield values as "ridiculous." Comment! [U.S. Economy]
Friday, January 18, 2:35 PM Investment-grade bonds continue to get a underweight allocation at Barclays, which says the spread to Treasurys isn't enough to compensate for the lack of liquidity, particularly so in higher-quality credits. The bank remains overweight high-yield - which also suffers from lower liquidity, but with a more adequate spread to make up for it. Chart of TLT vs. LQD vs. HYG YTD. Comment! [U.S. Economy, Financials]
Tuesday, January 8, 5:09 PM Gundlach: By at least one measure - comparing the Merrill Corporate Index to the Treasury Index - corporate paper is as overvalued as it's ever been in the history of the data (going back to 1985). Another relatively overvalued fixed-income class is emerging market debt (EMB). "I would not be putting any new money into that." 2 Comments [U.S. Economy]
Friday, January 4, 12:51 PM Investors want yield and treasurers/underwriters are happy to give it to them. A full 41% of investment grade corporate bond issuance was BBB (the lowest IG rating) in 2012, the highest proportion going back to at least 1998. Just 19% of issuance rated AA or AAA - only 1998's 17% was lower in the last 15 years. 4 Comments [Financials]
Friday, December 7, 2012, 12:57 PM More from Hudachek's Overlooked ETFs: Investment-grade and high-yield debt investors may have interest in Guggenheim's Suite of products offering a range of maturities - from very short-term all the way out to 2020. The shortest term IG fund is BSCC, junk is BSJC. To go longer maturity, just swap the last "C'' in the fund symbol for "D," and so on, all the way out to "K." Comment! [Quick Ideas]
Friday, December 7, 2012, 7:39 AM Duration risk in the investment grade bond market (LQD) is leading fund managers to reduce exposure. The average yield on IG bonds has fallen to 2.66% and bond math says it takes very little backup in yields from this point to wipe out a year (or years) of coupon payments. Corporate bonds often yield less than the equity of the same company - a rare situation, says Matt Eagan. "We think you have a better chance of preserving principal on the equity side." This from a bond man! 4 Comments [U.S. Economy, Financials]
Wednesday, November 28, 2012, 10:06 AM If a bond issued at par goes to 116, that's not a bubble, says original (bond) gangster Dan Fuss. "If it goes to 250, that's a bubble, and that doesn't tend to happen with bonds." The strong performance of fixed income reflects a strong market, he says, but one with room yet to grow. 3 Comments [U.S. Economy, Financials]
Tuesday, November 27, 2012, 3:26 PM With "liability driven investment" strategies - in which pensions attempt to match asset and liability duration - tilting managers away from stocks and to fixed income, corporate pension funds are expected to continue to be major buyers of corporate debt issuance. Robert Hunkeler with International Paper isn't playing, noting buying long-dated debt now just locks in yields too low to fund his plan. Comment! [Financials]
Tuesday, November 27, 2012, 3:17 AM Amazon (AMZN) raised $3B in its bond offering, which comprised notes maturing in three, five and 10-years. The company will use the money to help it buy its Seattle headquarters in a $1.16B deal, as well as for general corporate purposes. Moody's rated the debt - the first that Amazon issued since 1999 - at Baa1, although S&P rated it four levels higher at AA-. Comment! [Tech, Consumer]

x oil -field
$SBLK *STAR BULK CARRIERS CORP. http://bit.ly/JuWYxo http://bit.ly/QmKFFS (MarketWatch)
9/19/12
Reply (2)

• !Report Abuse
View all 2 replies
x oil -field: Rio Said to Pursue $5 Billion Iron-Ore Expansion as Glut Looms. http://bloom.bg/10kQZiI Bloomberg
May 6, 10:20 PM
• !Report Abuse
x oil -field: Note to self:Something in the article caught my eye.Need to revisit article after more coffee.
May 6, 10:23 PM
• !Report Abuse
Add a reply...

140 characters

RyRy
AMRN - Form 8-K for AMARIN CORP http://bit.ly/LNx3Ur
7/13/12
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

stephs
INPHI CORP -- IPHI --- GOING UP EVERY DAY without any news so far. Its a very manipulated stock. Any one has any info.
1/26/12
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

candlestickpicks
$CORP completed a Break Out candlestick pattern on 03/04/2011. Look for an upward price movement on 03/07/2011
3/6/11
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

nasdaqczar
CHINA CDC CORP Upgraded CDCAQ Target Raised to $15 http://seekingalpha.com/p/309f my level of confidence in CDC Corp has increased
2/25/11
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Nigam Arora
TIME TO SHORT SELL RARE EARTH STOCK MOLY CORP (MCP) Check out details.... http://bit.ly/e4IPcU/
2/18/11
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

LATEST REPLIES

x oil -field
$SBLK *STAR BULK CARRIERS CORP. http://bit.ly/JuWYxo http://bit.ly/QmKFFS (MarketWatch)
9/19/12
Reply (2)

• !Report Abuse
View all 2 replies
x oil -field: Rio Said to Pursue $5 Billion Iron-Ore Expansion as Glut Looms. http://bloom.bg/10kQZiI Bloomberg
May 6, 10:20 PM
• !Report Abuse
x oil -field: Note to self:Something in the article caught my eye.Need to revisit article after more coffee.
May 6, 10:23 PM
• !Report Abuse
Add a reply...

140 characters

CORP PIMCO Investment Grade Corporate Bond Index ETF

CORP

PIMCO Investment Grade Corporate Bond Index ETF