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[ October 26, 2014 | Author: Admin | Views: 9823 | Weather: | Mood: normal]

WASHINGTON The Obama administration Friday provided new guidelines to the banking industry aimed at making it easier for state-legalized marijuana businesses to have greater access to financial institutions. In separate advisories issued by the Treasury and Justice departments, the administration’s action follows concerns expressed last month by Attorney General Eric Holder that legal marijuana operations were dealing largely in cash because banks feared that any relationship with the dealers put them at risk of prosecution under existing federal drug and money laundering statutes. Twenty states and Washington, D.C., have legalized marijuana for medical use. Two of those states Colorado and Washington also have legalized marijuana for recreational use. The guidance, similar to a Justice directive issued in August to address state laws that allow for medical and recreational marijuana use, advises banks that they likely could avoid federal law enf orcement scrutiny if they submitted to eight specific conditions, including … Continue reading

[ October 26, 2014 | Author: Admin | Views: 41239 | Weather: | Mood: normal]

Stocks are pushing up into record territory again, although today’s gains are of the modest type a day after the Dow Jones Industrial Average (DJINDICES: ^DJI  ) closed above 15,000 for the first time. As of 2:15 p.m. EDT, the Dow has gained just 25 points, although a majority of members on the blue chip index are in the green. Several big names are picking up significant gains of more than 1% today. Let’s check out the news and movers you need to know. Stocks rising higherShares of UnitedHealth Group (NYSE: UNH  ) have surged higher today by a Dow-leading 2.5%. Despite the gains, UnitedHealth’s facing hurdles: Obamacare’s the big shadow on the company’s radar, as the implementation of health care reform next year is still shrouded in uncertainty. More pressing, however, is that UnitedHealth’s in hot water with the Department of Defenseover long medical care referral times for military personnel and … Continue reading

[ October 26, 2014 | Author: Admin | Views: 23889 | Weather: | Mood: normal]

Although we don’t believe in timing the market or panicking over market movements, we do like to keep an eye on big changes — just in case they’re material to our investing thesis. What: Shares of Plexus (NASDAQ: PLXS  ) have jumped today by as much as 13% after the company reported earnings results. So what: Revenue in the fiscal third quarter totaled $571.9 million, well ahead of the Street consensus of $565 million. Earnings per share were $0.68, similarly topping expectations of just $0.58 per share. CEO Dean Foate said the strong results were driven by the networking and communications as well as the health care and life sciences sectors. Now what: Guidance for the coming quarter was also strong, with sales forecast to $545 million to $575 million. Adjusted earnings per share should be in the range of $0.60 to $0.66. Investors would have been happy with just $0.57 … Continue reading

[ October 26, 2014 | Author: Admin | Views: 47599 | Weather: | Mood: normal]

Canadian stocks rose the most in more than four months as raw-materials producers advanced after weaker-than-forecast inflation in China boosted metals prices. Barrick Gold Corp. (ABX) and Goldcorp Inc. climbed at least 1.5 percent as gold advanced. Teck Resources (TCK/B) Ltd. and First Quantum Minerals Ltd. rallied more than 1.5 percent as copper rose. Endeavour Silver Corp. surged 8.3 percent as the metals price increased the most since January. Royal Bank of Canada and Toronto-Dominion Bank, the nations largest lenders, added more than 0.5 percent amid better-than-estimated housing data. The Standard & Poors/TSX Composite Index (SPTSX) rose 139.49 points, or 1.1 percent, to 12,484.05 at 4 p.m. in Toronto, its biggest increase since Nov. 19. The benchmark equity gauge erased its loss for the year. Trading volume was 9.8 percent lower than the 30-day average. The inflation data presents some support that as Chinas economy is slowing there is still … Continue reading

[ October 25, 2014 | Author: Admin | Views: 16168 | Weather: | Mood: normal]

With shares of Green Mountain Coffee Roasters (NASDAQ:GMCR) trading around $73, is GMCR an OUTPERFORM, WAIT AND SEE or STAY AWAY? Lets analyze the stock with the relevant sections of our CHEAT SHEET investing framework: T = Trends for a Stock’s Movement Green Mountain Coffee Roastersis engaged in the specialty coffee and coffee maker businesses. The company roasts Arabica bean coffees, including single-origin, Fair Trade Certified, certified organic, flavored, limited edition and blends offered in K-Cup portion packs, whole bean and ground coffee selections. It also offers other specialty beverages, including tea, hot apple cider and hot cocoa also offered in K-Cup portion packs. The coffee and relative drink trend has been exploding over recent years. Green Mountain Coffee Roasters makes this trend as personal as possible by bringing favorite beverages to the comfort of homes and businesses. As the specialty and related beverage trend operates in full force, look … Continue reading