Top Bank Stocks To Own For 2017


Social Security provides critical benefits to countless seniors and disabled Americans, but despite the program’s long-term standing, there has been talk in recent years of it running out of money. In fact, in a 2016 Transamerica survey, 77% of workers said they’re worried about Social Security going bankrupt by the time they’re set to retire.

But while the program isn’t going broke (or going away), it does have its share of money problems — not the least of which is the $1 billion it just lost to incorrect payments. A recent audit of the Social Security Administration confirmed that over the past decade, the agency paid $1 billion in benefits to recipients without valid Social Security numbers. Specifically, over 22,000 individuals received money they shouldn’t have from the agency. Ouch.


IMAGE SOURCE: GETTY IMAGES.

But it gets worse. According to the Office of the Inspector General, which conducted the audit, unless the agency takes steps to improve its process for validating payments and vetting beneficiaries, it will likely lose $182.5 million every year to erroneous benefit payments. When it comes to Social Security, that’s something you don’t want to hear.

Top Bank Stocks To Own For 2017: TransAlta Renewables Inc. (TRSWF)

Advisors’ Opinion:

  • [By SEEKINGALPHA.COM]

    TransAlta Renewables (OTC:TRSWF) (RNW CA) is a good comp, and trades at 12.3x EBITDA. Similar to NYLD, they own renewables as well as a few gas-fired power plants. The yield on RNW is similar to NYLD at 6.0%. The only real difference is that RNW is less levered (mid-3s on a debt/EBITDA basis), but has clearly overpaid for certain assets in order to help the parent (TransAlta Corp. ticker TA in Canada) to delever.

Top Bank Stocks To Own For 2017: CNH Industrial N.V.(CNHI)


Advisors’ Opinion:

  • [By Ben Levisohn]

    I wrote bullishly about Deere (DE) back in December, and since then the stock has done…not much, gaining 4.8% to the S&P 500′s 4.1% rise. So I’ve tried to stay on top of the stock, both the bullish calls and the bearish ones–and today, I have another bear to add to the list. That would be JPMorgan’s Ann Duignan, who reiterated her Underweight rating on Deere today, as well as CNH Industrial (CNHI) and Agco (AGCO). She explains why:

Top Bank Stocks To Own For 2017: New York Times Company (The)(NYT)


Advisors’ Opinion:

  • [By WWW.THESTREET.COM]

    Riding on its recent momentum of passing the 3 million paid print and digital subscription mark, New York Times (NYT) has struck up a deal with Spotify in an attempt to lure even more readers to pay for news.

Top Bank Stocks To Own For 2017: CarMax Inc(KMX)

Advisors’ Opinion:

  • [By Ben Levisohn]

    CarMax (KMX) soared to the top of the S&P 500 today after the used car retailer beat third-quarter earnings forecasts.


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    CarMaxgained 6.1% to $66.16 today, while the S&P 500 rose 0.4% to 2,270.76.

    As my colleague Johanna Bennett noted earlier today:

    The nations largest used vehicle retailer said that it earned 72 cents a share in the quarter, a penny ahead of analysts estimates. Revenue rose 4.4% year over year to $3.7 billion, just shy of the $3.75 billion consensus estimate.

    CarMax’s market capitalization rose to $12.6 billion today from $11.9 billion yesterday. It reported net income of $623 million on sales of $15.2 billion in fiscal 2016.

  • [By WWW.THESTREET.COM]

    Then on Thursday, it’s earnings from Delta Air Lines (DAL) , used car king Carmax (KMX) and cloud software company Splunk (SPLK) . Cramer was bullish on Delta, but wanted to hear more from Carmax and Splunk.

Top Bank Stocks To Own For 2017: Vanguard Mega Cap Value ETF (MGV)

Advisors’ Opinion:

  • [By Todd Shriber, ETF Professor]

    Three of Vanguard's mega-cap equity ETFs now sport annual expense ratios of 0.07 percent, down from 0.09 percent. Those ETFs are the Vanguard Mega Cap ETF (NYSE: MGC), Vanguard Mega Cap 300 Growth Index ETF (NYSE: MGK) and the Vanguard Mega Cap Value Index ETF (NYSE: MGV).

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