Top Bank Stocks To Buy Right Now


Jamie Dimon has a good chance to be Treasury Secretary, but the chief executive of JPMorgan Chase & Co. reportedly has told President-elect Donald Trump’s transition team he doesn’t want the job.

That decision could cost Dimon. In closing the door to joining the Trump Administration, Dimon is probably giving up a once-in-a-lifetime opportunity to divest his sizeable stock holdings in JPMorgan Chase and diversify his wealth without paying taxes.

WASHINGTON, DC – SEPTEMBER 12: Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co., speaks at the Economic Club of Washington September 12, 2016 in Washington, DC. (Photo by Win McNamee/Getty Images)


Dimon owns more than 6.74 million shares of JPMorgan Chase, according to securities filings, which are worth about $520 million at recent market prices. He also owns another 3.4 million exercisable options. If Dimon chooses to leave the nation’s biggest bank for the Treasury Department, Dimon likely would be able to take advantage of a federal tax provision when he sells much of those holdings.

Top Bank Stocks To Buy Right Now: Endocyte, Inc.(ECYT)

Advisors’ Opinion:

  • [By Benzinga News Desk]

    Carl Icahn has big plans for the US auto-parts sector — and big retailers like AutoZone (NYSE: AZO), O’Reilly Automotive (NASDAQ: ORLY) and Advance Auto Parts (NYSE: AAP) aren’t going to like them: Link

    ECONOMIC DATA USA Unit Labor Costs (QoQ) for Q1 2.20% vs 2.50% consensus estimate. Nonfarm Productivity (QoQ) for Q1 0.00% vs -0.20% consensus estimate. US Services Purchasing Managers' Index for May is schedule for release at 9:45 a.m. ET. Data on factory orders for April will be released at 10:00 a.m. ET. The ISM non-manufacturing index for May is schedule for release at 10:00 a.m. ET. The labor market conditions index for May will be released at 10:00 a.m. ET. The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET. The TD Ameritrade Investor Movement Index for May is schedule for release at 12:30 p.m. ET. ANALYST RATINGS HSBC upgraded Chevron (NYSE: CVX) from Hold to Buy Susquehanna upgraded Skechers (NYSE: SKX) from Neutral to Positive Deutsche Bank upgraded WEX (NYSE: WEX) from Hold to Buy Pacific Crest downgraded Apple from Overweight to Sector Weight RBC downgraded Perrigo (NYSE: PRGO) from Sector Perform to Underperform Wedbush downgraded Endocyte (NASDAQ: ECYT) from Outperform to Neutral


    This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here or email minutes@benzinga.com.

  • [By Lisa Levin]

    Shares of Endocyte, Inc. (NASDAQ: ECYT) were down 31 percent to $1.89 after the company issued clinical updates for EC1456 and EC1169, and announced plans to reduce workforce by 40 percent via restructuring. Endocyte said that it is continuing EC1169 program in taxane-exposed patients, but ending clinical development of EC1456 and EC1169 in taxane-na茂ve patients.

Top Bank Stocks To Buy Right Now: Ethan Allen Interiors Inc.(ETH)


Advisors’ Opinion:

  • [By Dan Caplinger]

    Wednesday was a strong day for the stock market, as the Dow finished up nearly 100 points and the S&P 500 and Nasdaq both posted gains as well. Investors remained generally upbeat about the prospects for the U.S. economy in 2017, and a rise in crude oil prices helped lift the energy sector higher during the market session. Yet comments during a press conference from President-elect Donald Trump weighed on the healthcare sector, and some individual stocks took particularly hard hits. Among the worst performers were Perrigo (NYSE:PRGO), Novadaq Technologies (NASDAQ:NVDQ), and Ethan Allen Interiors (NYSE:ETH). Below, we’ll look more closely at these stocks to tell you why they did so poorly.

Top Bank Stocks To Buy Right Now: The Middleby Corporation(MIDD)


Advisors’ Opinion:

  • [By Monica Gerson]

    Middleby Corp (NASDAQ: MIDD) is expected to post its quarterly earnings at $0.84 per share on revenue of $515.56 million.

    Jack in the Box Inc. (NASDAQ: JACK) is estimated to post its quarterly earnings at $0.70 per share on revenue of $360.22 million.

Top Bank Stocks To Buy Right Now: (SHF)

Advisors’ Opinion:

  • [By Money Morning Staff Reports]

    In March 2012, Schiff Nutrition International Inc. (NYSE: SHF) acquired the company for $150 million in cash.

    The product is still on the market today, found at most local drug stores. It is advertised now, however, as a nutritional supplement that does not, if taken alone, ward off viruses.

Top Bank Stocks To Buy Right Now: Accenture plc.(ACN)

Advisors’ Opinion:

  • [By Laurie Kulikowski]

    With a dividend payout ratio of 44% and dividend yield of 2%, we consider Accenture our favorite income oriented security, recognizing valuation is near peak multiples. Fundamentally, we believe its mix of business should result in above-average revenue growth, and mix allows for modest margin expansion (rare in IT Services), that should result in steady and attractive double-digit total returns to shareholders. 

  • [By Laurie Kulikowski]

    Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company’s shares by a sharp 28.50% over the past year, a rise that has exceeded that of the S&P 500 Index. Regarding the stock’s future course, although almost any stock can fall in a broad market decline, ACN should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.


     

  • [By Lisa Levin]

    Some of the stocks that may grab investor focus today are:

    Wall Street expects Accenture Plc (NYSE: ACN) to report quarterly earnings at $1.3 per share on revenue of $8.34 billion before the opening bell. Accenture shares gained 0.41 percent to $127.00 in after-hours trading. Analysts expect Micron Technology, Inc. (NASDAQ: MU) to post quarterly earnings at $0.85 per share on revenue of $4.64 billion after the closing bell. Micron shares gained 0.88 percent to $26.29 in after-hours trading. Five Below Inc (NASDAQ: FIVE) reported better-than-expected earnings for its fourth quarter on Wednesday. Five Below shares climbed 8.23 percent to $41.27 in the after-hours trading session. Before the markets open, Conagra Brands Inc (NYSE: CAG) is projected to report its quarterly earnings at $0.44 per share on revenue of $1.98 billion. Conagra shares rose 1.73 percent to $41.18 in after-hours trading. PVH Corp (NYSE: PVH) posted upbeat earnings for its fourth quarter and issued a strong earnings forecast. PVH shares surged 7.15 percent to $97.35 in the after-hours trading session.


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Top Bank Stocks To Buy Right Now: Legacy Reserves LP(LGCY)

Advisors’ Opinion:

  • [By Lisa Levin]

    On Wednesday, the energy sector proved to be a source of strength for the market. Leading the sector was strength from Ocean Rig UDW Inc (NASDAQ: ORIG) and Legacy Reserves LP (NASDAQ: LGCY).

  • [By Lisa Levin]

    On Wednesday, the energy sector proved to be a source of strength for the market. Leading the sector was strength from Willbros Group Inc (NYSE: WG) and Legacy Reserves LP (NASDAQ: LGCY).

  • [By Lisa Levin]

    Energy shares surged around 1.85 percent in trading on Monday. Top gainers in the sector included Legacy Reserves LP (NASDAQ: LGCY), Whiting Petroleum Corp (NYSE: WLL), and Atwood Oceanics, Inc. (NYSE: ATW).

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