Top 5 Bank Stocks To Own Right Now

Preet Bharara is known for his fierce pursuit of insider trading and corruption cases. Now, he’s out.

On Friday, Bharara was one of 46 U.S. attorneys asked to resign by President Trump. That was a standard move for a new president. But Trump, during his transition, had asked Bharara to stay on. After Bharara refused to resign, he was fired by Trump on Saturday.

Bharara, 48 and born in Punjab, India, was appointed as U.S. attorney for the Southern District of New York by former President Obama. His parents immigrated to the United States in 1970, and Bharara got degrees from Harvard and Columbia University School of Law. He started work as Democratic Senator Charles Schumer’s chief counsel in 2006.

Then, during the depths of the financial crisis in 2009, Bharara got the coveted prosecutor’s job in New York. Because it oversees federal crime in Manhattan, the U.S. attorney’s office in the Southern District has a rich history prosecuting cases involving Wall Street and banks.

Top 5 Bank Stocks To Own Right Now: Activision Blizzard, Inc(ATVI)

Advisors’ Opinion:

  • [By John Ballard]

    Activision Blizzard(NASDAQ:ATVI) CEO Bobby Kotick has a special knack for producing games that draw a mass audience. Throughout his tenure, Activision has consistently produced genre leading games.

  • [By Travis Hoium]

    Video game giant Activision Blizzard, Inc. (NASDAQ:ATVI) has been on a tear both on its financial statements and in the stock market over the past year. New product hits like Overwatch have combined with stalwarts like World of Warcraft and new acquisitions from King Digital to create a cash flow machine.

  • [By Ben Levisohn]

    Activision Blizzard(ATVI) soared to the top of the S&P 500 today after beating earnings and sales forecasts, and initiating a $1 billion stock buyback plan.

    Getty Images

    Activision Blizzard gained 19% to $47.23 today, while the S&P 500 rose 0.4% to 2,316.10.

    Credit Suisse analyst calls Activision Blizzard’s results “another clean top and bottom-line beat.” They explain:

    Activision delivered another clean top and bottom-line beat with the outperformance relative to our estimates coming primarily from PC – this coupled with the fact that revenue from APAC was up ~83% in FY16 leads us to believe that Overwatch likely was the main driver. This fits in squarely with our core investment thesis for not only Activision but the sector as a whole – for all of the publishers to begin exporting their content beyond Western Markets and expand their addressable markets. Blizzard also saw benefit from ongoing strength in World of Warcraft following the Legion expansion and despite the original game being ~3 years old the Candy Crush franchise grew mobile bookings in 2016. We were not anticipating major changes to the release slate for FY17 as we expect it to be a trough product year – we were again encouraged by the broad based strength in digital revenues as we believe Activision is well positioned to extract more value from its existing user base. We maintain our Outperform rating and our price target increases to $51 vs. prior $48.

    Activision Blizzard’s market capitalization rose to $35.1 billion today from $29.5 billion yesterday.

  • [By John Ballard]

    Activision Blizzard (NASDAQ:ATVI) recently reported its first-quarter results for 2017, and it was another great quarter. Over the last 12 months, players have spent about 40 billion hours playing Activision Blizzard’s games, a double-digit percentage increase over the first quarter of 2016.

  • [By Leo Sun]

    But amid all the hype and noise, investors might be confused about which companies will benefit the most from that growth. Let’s examine three companies that fit that bill — Tencent Holdings (NASDAQOTH:TCEHY), Activision Blizzard (NASDAQ:ATVI), and Electronic Arts (NASDAQ:EA).

  • [By John Ballard]

    On its latest conference call, Activision Blizzard (NASDAQ:ATVI) confirmed that Call of Duty: Infinite Warfare fell short of expectations, yet the company turned in a great quarter. The top video game publisher posted growth in revenue and earnings, and increased its annual dividend by 15%.

Top 5 Bank Stocks To Own Right Now: Estee Lauder Companies, Inc. (The)(EL)

Advisors’ Opinion:

  • [By Ben Levisohn]

    The 20 stocks meeting those requirements are: Ralph Lauren (RL), Time Warner(TWX), Twenty-First Century Fox(FOXA), PepsiCo(PEP), Estee Lauder(EL), Tesoro(TSO), XL(XL), Ameriprise Financial,(AMP), Unum(UNM), Merck(MRK), AbbVie(ABBV), Gilead Sciences(GILD), General Dynamics(GD), Alaska Air(ALK), United Continental(UAL), Delta Air Lines(DAL), Oracle(ORCL), eBay(EBAY), Apple(AAPL), and Centurylink(CTL).


    GLP’s customers include Walmart (WMT) , Unilever (UL) , (JD) , Adidas (ADDYY) , Estee Lauder (EL) and L’Oreal (LRLCY) .

    The S$3.38 offer price represents 81% premium over its 12-month volume weighted average price and a 25% premium over its last full trading day before the announcement.

Top 5 Bank Stocks To Own Right Now: National Steel Corporation(SID)

Advisors’ Opinion:

  • [By Lisa Levin]

    Basic materials shares climbed by 1.52 percent in trading on Friday. Meanwhile, top gainers in the sector included Companhia Siderurgica Nacional (ADR) (NYSE: SID), and Core Molding Technologies, Inc. (NYSE: CMT).

Top 5 Bank Stocks To Own Right Now: Magellan Midstream Partners L.P.(MMP)

Advisors’ Opinion:

  • [By Dustin Parrett]

    Magellan Midstream Partners (NYSE: MMP) is a $17.56 billion company that transports and distributes petroleum. MMP is shaping up to be one of the best 2017 oil stocks.

  • [By Matthew DiLallo]

    For perspective, two of the highest rated MLPs by credit rating agencies are Magellan Midstream Partners (NYSE:MMP) and Enterprise Products Partners (NYSE:EPD). Recently, their leverage ratios were 3.5 times and 4.4 times, respectively. While both Magellan Midstream and Enterprise Products have seen their leverage ratios creep higher in recent quarters due to the oil market downturn and growth spending, neither is a concern.


    In the Lightning Round, Cramer was bullish on Treehouse Foods (THS) , TG Therapeutics (TGTX) , Kinder Morgan (KMI) , Magellan Midstream Partners (MMP) , Chesapeake Energy (CHK) and Arconic (ARNC) .


    Cramer and the AAP team view the strength of corporations as most important in proving that stocks can handle current valuations. Find out what they’re telling their investment club members about Arconic (ARNC) , Apple (AAPL) and Magellan Midstream Partners (MMP) . Get a free trial subscription to Action Alerts PLUS.


    But that doesn’t mean there aren’t any ways to make money with oil. Cramer said that the biggest winners from the Trump trade are the oil pipelines and MLPs, like Magellan Midstream Partners (MMP) , an Action Alerts PLUS holding. Cramer said deregulation will mean all of the pipeline companies will be able to make more money, and faster, than anyone expected.

Top 5 Bank Stocks To Own Right Now: NewJersey Resources Corporation(NJR)

Advisors’ Opinion:

  • [By Daniela Pylypczak]

    New Jersey Resources Corp.(NJR) announced on Tuesday that it will raise its quarterly dividend rate by 5%.

    The new quarterly dividend rate will be 42 cents per share, up 2 cents from the prior 40 cents per share rate. Annually, the dividend rate will now be $1.68 per share. The new rate will be effective with the dividend payable October 1, 2013 to shareholders of record on September 23, 2013.

    Commenting on the increase, Chairman and CEO Laurence M. Downes noted “Our shareowners look to us year after year for consistent financial performance and a competitive return on their investment.he action taken today by our board of directors allows us to increase our dividend for the 20th time in the last 18 years. This is an acknowledgement of our team’s unwavering focus to provide exceptional value for our customers and shareowners.”

    New Jersey Resources shares traded 0.06% lower during Tuesday’s session. Year-to-date, the stock is up 5.90%.

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