If cutting Apple (AAPL) targets is an Olympic sport, Nomura wins the gold, slashing its price target to $530 from $660, with the analysts proving they read the paper by citing worries over iPhone sales and gross margins. [View news story]
Ares Capital (ARCC) is downgraded to Hold at JPMorgan. No details are yet available, but it's likely a valuation call. A nice run has the shares trading 13.8% higher than the NAV (as of Sept. 30) of $15.74. There may be better values in the BDC sector. [View news story]
agree...nav in sept not the same as nav jan 13 for one
Illinois legislators ended their 2012 session yesterday without taking any measures to deal with the state's $97B unfunded liabilities, which are rising by $17M a day and which could lead to more downgrades. "I think we may learn from Wall Street very shortly about the importance of doing this quickly," says state Senator Daniel Biss. "We all look like idiots." (previous) [View news story]
im afraid that the property tax burden in IL will become oppressive
Ford (F) says it will sell 2.2M vehicles in 2012 with its Ford Focus on pace to become the year's best-selling global nameplate. The automaker's F-Series and Fiesta also rank in the top ten, according to vehicle registration data. [View news story]
Pres. Obama says he'll ask Harry Reid to put a "basic package" on the floor for an "up-or-down vote," should Congress fail to reach a deal. Congressional leaders suggest an afternoon meeting with Obama went well, but Wall Street isn't convinced the fiscal cliff will be avoided. Equity futures have added to their losses following the close. [View news story]
250k a year for a two income family with 3 kids in school is hardly "wealthy"
"'Uncertainty' is a buy signal, not a sell signal," is among Josh Brown's top investing lessons for 2012. "Your passing superficial knowledge of the risk factors of a given thing, gleaned from newspapers and TV, and repeated ad nauseam ... are priced in. Tell me something I don't know." [View news story]
agree!.. my grandpa always calculated his yield on the cost basis and i just shook my head. he had wag since day 1 and had a 150% yield or some such thing... i just told him he has one hell of a profit!
Plan C. Acknowledging there is no time to craft a "grand bargain" before year end, the President urges Congress to pass a stopgap measure, saying he'll immediately sign a bill allowing unemployment benefits to continue and preventing tax hikes on those with income under $250K/year. [View news story]
ps.. where the dems come up with this 250k number as being wealthy is hog wash...
Plan C. Acknowledging there is no time to craft a "grand bargain" before year end, the President urges Congress to pass a stopgap measure, saying he'll immediately sign a bill allowing unemployment benefits to continue and preventing tax hikes on those with income under $250K/year. [View news story]
its time to lock the chidren in a room and not let them out until there is an agreement... i voted for mitt and lost so some tax increases at say 500k plus are whats needed to compromise..prob is the dems have never seen a dollar they dont want to spend....
RBC is the latest to slash iPhone estimates: it now sees Apple (AAPL -1.4%) selling 42M units in the March quarter and 161.5M in FY13, down from a prior 50M and 170.3M. However, RBC's iPad forecast for the quarter is rising by 1M to 20.6M, and it believes the iPad Mini will actually sport better margins than its bigger cousin. Wells Fargo, meanwhile, is defending Apple, arguing the value of its top-notch customer service is unappreciated. So is Oracle Research (previous), which thinks Apple "may be the safest stock in the world" outside of T. Rowe Price. (yesterday) [View news story]
agree... just got my wife an i-pad a week ago....now she wants an i-phone... it just goes in a circle!
look at option income cef's that have a large roc as part of the distribution... some examples are symbols eoi, exg, etb, eos. The "return of capital" portion of the dividend will not be subject to dividend tax. Some of these are as high as 90% roc!
More on Discover (DFS -3%) FQ4 earnings: Bulls on the high-flier (+61% YTD) may have a buying opportunity as the earnings miss looks to be the result of an 18% increase in expenses thanks to costs associated with the Tree.com acquisition and new partnerships. Operationally: Total loans +6% Y/Y, net interest margin +34 bps, net charge-offs a historical low of 2.29%, delinquency rate of 1.86% down 53 bps. (PR) [View news story]
agree.. looks like a chance to climb on board or add to dfs position today!... barring a market meltdown a mid 40's handle looks reasonable on this
Chen Lin: How My Portfolio Gained 63% In 2012 [View article]
If cutting Apple (AAPL) targets is an Olympic sport, Nomura wins the gold, slashing its price target to $530 from $660, with the analysts proving they read the paper by citing worries over iPhone sales and gross margins. [View news story]
Ares Capital (ARCC) is downgraded to Hold at JPMorgan. No details are yet available, but it's likely a valuation call. A nice run has the shares trading 13.8% higher than the NAV (as of Sept. 30) of $15.74. There may be better values in the BDC sector. [View news story]
Illinois legislators ended their 2012 session yesterday without taking any measures to deal with the state's $97B unfunded liabilities, which are rising by $17M a day and which could lead to more downgrades. "I think we may learn from Wall Street very shortly about the importance of doing this quickly," says state Senator Daniel Biss. "We all look like idiots." (previous) [View news story]
Ford (F) says it will sell 2.2M vehicles in 2012 with its Ford Focus on pace to become the year's best-selling global nameplate. The automaker's F-Series and Fiesta also rank in the top ten, according to vehicle registration data. [View news story]
Pres. Obama says he'll ask Harry Reid to put a "basic package" on the floor for an "up-or-down vote," should Congress fail to reach a deal. Congressional leaders suggest an afternoon meeting with Obama went well, but Wall Street isn't convinced the fiscal cliff will be avoided. Equity futures have added to their losses following the close. [View news story]
"'Uncertainty' is a buy signal, not a sell signal," is among Josh Brown's top investing lessons for 2012. "Your passing superficial knowledge of the risk factors of a given thing, gleaned from newspapers and TV, and repeated ad nauseam ... are priced in. Tell me something I don't know." [View news story]
Going over the fiscal cliff "looks like where we're headed," says Senate Majority Leader Reid. S&P 500 losses accelerate, -0.7%. [View news story]
Going over the fiscal cliff "looks like where we're headed," says Senate Majority Leader Reid. S&P 500 losses accelerate, -0.7%. [View news story]
The 100% Yield Idea Makes No Sense [View article]
Plan C. Acknowledging there is no time to craft a "grand bargain" before year end, the President urges Congress to pass a stopgap measure, saying he'll immediately sign a bill allowing unemployment benefits to continue and preventing tax hikes on those with income under $250K/year. [View news story]
Plan C. Acknowledging there is no time to craft a "grand bargain" before year end, the President urges Congress to pass a stopgap measure, saying he'll immediately sign a bill allowing unemployment benefits to continue and preventing tax hikes on those with income under $250K/year. [View news story]
RBC is the latest to slash iPhone estimates: it now sees Apple (AAPL -1.4%) selling 42M units in the March quarter and 161.5M in FY13, down from a prior 50M and 170.3M. However, RBC's iPad forecast for the quarter is rising by 1M to 20.6M, and it believes the iPad Mini will actually sport better margins than its bigger cousin. Wells Fargo, meanwhile, is defending Apple, arguing the value of its top-notch customer service is unappreciated. So is Oracle Research (previous), which thinks Apple "may be the safest stock in the world" outside of T. Rowe Price. (yesterday) [View news story]
2013 Dividend Tax Impacts [View article]
More on Discover (DFS -3%) FQ4 earnings: Bulls on the high-flier (+61% YTD) may have a buying opportunity as the earnings miss looks to be the result of an 18% increase in expenses thanks to costs associated with the Tree.com acquisition and new partnerships. Operationally: Total loans +6% Y/Y, net interest margin +34 bps, net charge-offs a historical low of 2.29%, delinquency rate of 1.86% down 53 bps. (PR) [View news story]