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The American College of Financial Services has launched a scholarship program to help boost the number of African-Americans in the financial services industry.
According to the latest data from the U.S. Bureau of Labor Statistics, just 7.6% of financial advisors are African-American, though members of this demographic group account for about 13% of the U.S. population.
The class-action suit aims to prevent discrimination and support the participation of African American advisors.
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ThinkAdvisor’s TechCenter is an educational resource designed to give you a competitive edge by keeping you abreast of new tech innovations and need-to-know information that can be applied to your business. Resources STRAIGHT-THROUGH PROCESSING FOR THE FINANCIAL SERVICES INDUSTRY
STP can be described as electronically capturing and processing transactions in one pass, from the point of first ‘deal’ to final settlement.
Hot Safest Stocks To Watch For 2017: Extra Space Storage Inc(EXR)
- [By Matthew Frankel]
The final REIT type I like right now is self-storage, particularly Extra Space Storage (NYSE:EXR).
First, I should mention that this could prove to be the most volatile company on the list. Self-storage isn’t as defensive as retail or healthcare simply because of its lease structure. Generally, you don’t sign a multi-year lease on a storage unit — you just pay each month that you want to keep it. This makes it easier for tenants to vacate the properties during tough times.
Hot Safest Stocks To Watch For 2017: Warren Resources Inc.(WRES)
- [By Lisa Levin]
Shares of Warren Resources, Inc. (NASDAQ: WRES) were down 31 percent to $0.0656. Warren Resources filed for Chapter 11 bankruptcy.
Gogo Inc (NASDAQ: GOGO) was down, falling around 15 percent to $9.40 after the company announced it has reached an agreement with American Airlines Group Inc (NASDAQ: AAL) to “continue to provide service on a meaningful portion of the American fleet currently served by Gogo.” Investors heavily sold off the stock as the company’s announcement implies it lost some orders to its main competitor, ViaSat, Inc. (NASDAQ: VSAT).
Hot Safest Stocks To Watch For 2017: Cliffs Natural Resources Inc.(CLF)
- [By Lisa Levin]
Benzinga's newsdesk monitors options activity to notice unusual patterns. These large volume (and often out of the money) trades were initially published intraday in Benzinga Professional . These trades were placed during Wednesday's regular session.
- [By Matthew DiLallo]
Shares of Cliffs Natural Resources (NYSE:CLF) rocketed on Thursday and were up more than 16% by 2:30 p.m. EST after the iron ore miner reported expectation-beating fourth-quarter results.
- [By Javier Hasse]
Steel stocks are spiking on Monday afternoon, with AK Steel Holding Corporation (NYSE: AKS) up almost 7.5 percent, United States Steel Corporation (NYSE: X) up about 6.4 percent, Cliffs Natural Resources Inc (NYSE: CLF) up more than 1 percent and Mechel PAO (ADR) (NYSE: MTL) up 16.8 percent. The stocks are not being helped by a few analyst upgrades (although, surely not hurt by them), but seem to be mostly rallying on the back of Donald Trump’s election as president of the United States.
- [By Wayne Duggan]
The best candidates for window dressing trades this week include the top 2016 performers Teck Resources Ltd (USA) (NYSE: TECK), Cliffs Natural Resources Inc (NYSE: CLF) and AK Steel Holding Corporation (NYSE: AKS).
- [By Lisa Levin]
In trading on Tuesday, basic materials shares fell 1.99 percent. Meanwhile, top losers in the sector included Cliffs Natural Resources Inc (NYSE: CLF), down 9 percent, and AK Steel Holding Corporation (NYSE: AKS), down 9 percent.
Hot Safest Stocks To Watch For 2017: Coach, Inc.(COH)
- [By Ben Levisohn]
Kate Spade (KATE) caught a bounce on Wednesday when the Wall Street Journalreported that it was actively seeking a buyer. Since then, we’ve learned that the fashion accessories retailer looks set to auction itself off to the highest bidder, with the process potentially beginning next month, with bidders potentially including Coach (COH) and Michael Kors (KORS). In a note today, SunTrust Robinson Humphrey analystPamela Quintiliano and team contend that Kate Spade could fetch as much as $23 a share:
- [By Ben Levisohn]
When we examined historical transactions in the specialty retail sector, we noticed a wide range of valuations. Select relevant transactions to consider would be ~2x EV/Sales Coach (COH) paid for Stuart Weitzman, Samsonites acquisition of Tumi at 14x EV/EBITDA, 13x EV/EBITDA for Joseph A. Banks by Mens Wearhouse (TLRD) and Kerings acquisition of Volcom for 18x EV/EBITDA. We believe potential valuation could be as high as ~2x EV/ Sales and ~14x EV/EBITDA given Kate Spade’s unique growth profile to expand to ~$4bn in revenue (from $1.4bn in FY16) and improving profitability from 12% EBIT margin TY to at least HTeens-LDD, in our view (Coach is 18.7% and Michael Kors (KORS) is 21.3%). On these two metrics, Kate Spade would be valued at $21-23…
- [By Trey Thoelcke]
In its 75th anniversary year, Coach Inc. (NYSE: COH) has just announced the opening of its newest flagship store, Coach House, on Fifth Avenue in New York City, one of the worlds most prestigious shopping districts.
- [By Jeremy Bowman]
Fashion is already a tough play on the stock market. Once-popular labels likeMichael Kors(NYSE:KORS) andCoach(NYSE:COH) have tumbled recently as their brands seem to have become diluted in a highly competitive handbag market. The problem with investing in stocks like these is that often what’s in style one year is on the discount rack just a few years later.