Top 5 Safest Stocks For 2019

tags:CACC,BBW,NHC,ENBL,GRVY, Currencies, commodities, different stock sectors, and bonds...   For the last few days, they've been all over the place.   Investors and traders are digesting the news. They're trying to figure out what "President Trump" means for the world. They're trying to figure out where their money is safest... and where they'll make the biggest profits.   Today, we'll look at a few areas of the market that are likely to do well under Trump...   I'll start with infrastructure. Trump plans to spend big to improve things like roads and bridges in the U.S. He has experience with construction. And he'll likely follow through on his promises here.   That bodes well for companies that produce building materials like stone, gravel, steel, and copper. Just look at the price action of companies like Martin Marietta Materials (MLM), Vulcan Materials (VMC), U.S. Steel (X), and Freeport-McMoRan (FCX) since the election. They've all shot higher.

Top 5 Safest Stocks For 2019: Credit Acceptance Corporation(CACC)

Advisors' Opinion:

• [By Shane Hupp]

  Credit Acceptance (NASDAQ: CACC) and Nelnet (NYSE:NNI) are both mid-cap finance companies, but which is the better business? We will compare the two businesses based on the strength of their dividends, valuation, analyst recommendations, institutional ownership, profitability, risk and earnings.

• [By Logan Wallace]

  Credit Acceptance (NASDAQ:CACC) last posted its earnings results on Thursday, May 3rd. The credit services provider reported $6.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $6.19 by ($0.08). The company had revenue of $295.60 million for the quarter, compared to analysts’ expectations of $296.16 million. Credit Acceptance had a net margin of 43.49% and a return on equity of 29.44%. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.67 EPS. equities research analysts anticipate that Credit Acceptance will post 26.04 EPS for the current fiscal year.

Top 5 Safest Stocks For 2019: Build-A-Bear Workshop, Inc.(BBW)

Advisors' Opinion:

• [By Lisa Levin]

    

  Clearside Biomedical, Inc. (NASDAQ: CLSD) shares declined 32.19 percent to close at $9.86 on Thursday. Clearside Biomedical disclosed that its Phase 2 trial of CLS-TA met primary and secondary endpoints met in 6-month trial. scPharmaceuticals Inc. (NASDAQ: SCPH) shares dipped 30.1 percent to close at $9.94 on Thursday after the FDA identified deficiencies in the company’s New Drug Application for FUROSCIX. However, the FDA letter did not specify deficiencies identified and notification does not reflect final decision on information under review. Euroseas Ltd. (NASDAQ: ESEA) fell 24.08 percent to close at $1.86. Euroseas announced completion of the spin-off of its drybulk fleet into EuroDry Ltd. Golar LNG Limited (NASDAQ: GLNG) fell 25.09 percent to close at $25.98 following Q1 results. Oragenics, Inc. (NASDAQ: OGEN) shares dropped 25 percent to close at $1.50 on Thursday. Guess', Inc. (NYSE: GES) dropped 19.44 percent to close at $19.60 following Q1 results. Cantel Medical Corp. (NYSE: CMD) dropped 15.94 percent to close at $109.09 on Thursday following FQ3 results. Fusion Connect, Inc. (NASDAQ: FSNN) shares fell 15.55 percent to close at $3.91. Build-A-Bear Workshop, Inc. (NYSE: BBW) dropped 14.44 percent to close at $8.00 after reporting Q1 results. Dollar Tree, Inc. (NASDAQ: DLTR) shares declined 14.28 percent to close at $82.59 after the company reported weaker-than-expected earnings for its first quarter and lowered its FY2018 earnings guidance. Titan Machinery Inc. (NASDAQ: TITN) dropped 13.94 percent to close at $18.09 after reporting Q1 results. Co-Diagnostics, Inc. (NASDAQ: CODX) declined 13.17 percent to close at $2.90 after declining 5.65 percent on Wednesday. Concordia International Corp. (NASDAQ: CXRX) fell 12.89 percent to close at $0.2440 after the company announced that it would be delisted from the Nasdaq. Sears Holdings Corporation (NASDAQ: SHLD) slipped 12.46 percent
• [By Joseph Griffin]

  News coverage about Build-A-Bear Workshop (NYSE:BBW) has been trending somewhat negative on Thursday, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Build-A-Bear Workshop earned a media sentiment score of -0.07 on Accern’s scale. Accern also assigned media stories about the specialty retailer an impact score of 43.9525750448852 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

• [By Lisa Levin] Companies Reporting Before The Bell Dollar Tree, Inc. (NASDAQ: DLTR) is expected to report quarterly earnings at $1.23 per share on revenue of $5.56 billion. Express, Inc. (NYSE: EXPR) is projected to report quarterly loss at $0.02 per share on revenue of $466.25 million. Dollar General Corporation (NYSE: DG) is estimated to report quarterly earnings at $1.4 per share on revenue of $6.20 billion. Tech Data Corporation (NASDAQ: TECD) is expected to report quarterly earnings at $1.46 per share on revenue of $8.13 billion. Burlington Stores, Inc. (NYSE: BURL) is estimated to report quarterly earnings at $1.09 per share on revenue of $1.49 billion. Ciena Corporation (NYSE: CIEN) is projected to report quarterly earnings at $0.3 per share on revenue of $726.56 million. American Eagle Outfitters, Inc. (NYSE: AEO) is expected to report quarterly earnings at $0.22 per share on revenue of $806.17 million. Titan Machinery Inc. (NASDAQ: TITN) is estimated to report quarterly loss at $0.08 per share on revenue of $276.27 bmillion. Donaldson Company, Inc. (NYSE: DCI) is projected to post quarterly earnings at $0.52 per share on revenue of $682.68 million. Ship Finance International Limited (NYSE: SFL) is expected to report quarterly earnings at $0.21 per share on revenue of $92.08 million. Perry Ellis International, Inc. (NASDAQ: PERY) is projected to report quarterly earnings at $0.67 per share on revenue of $232.30 million. Kirkland's, Inc. (NASDAQ: KIRK) is estimated to report quarterly loss at $0.09 per share on revenue of $140.83 million. Build-A-Bear Workshop, Inc. (NYSE: BBW) is expected to report quarterly earnings at $0.18 per share on revenue of $90.20 million. J.Jill, Inc. (NYSE: JILL) is projected to report quarterly earnings at $0.19 per share on revenue of $160.50 million. Christopher & Banks Corporation (NYSE: CBK) is expected to report quarterly loss at $0.08 per share on revenue of $89.35 million.

Top 5 Safest Stocks For 2019: National HealthCare Corporation(NHC)

Advisors' Opinion:

• [By Logan Wallace]

  Shares of Nobilis Health (NYSEAMERICAN:HLTH) (TSE:NHC) traded down 15.6% during mid-day trading on Tuesday following a dissappointing earnings announcement. The company traded as low as $1.35 and last traded at $1.35. 1,239,040 shares were traded during mid-day trading, an increase of 331% from the average session volume of 287,252 shares. The stock had previously closed at $1.60.

• [By Logan Wallace]

  Virginia Retirement Systems ET AL bought a new position in shares of National Healthcare (NYSEAMERICAN:NHC) in the 1st quarter, Holdings Channel reports. The institutional investor bought 5,600 shares of the company’s stock, valued at approximately $334,000.

Top 5 Safest Stocks For 2019: Enable Midstream Partners, LP(ENBL)

Advisors' Opinion:

• [By Lee Jackson]

  Enable Midstream Partners LP (NYSE: ENBL) is raised to equal weight from underweight at Barclays. The 52-week trading range for the stock has been $12.89 to $17.67. The consensus price target is set at $17.18. The price of shares at the market’s close on Monday was $17.02.

• [By Stephan Byrd]

  Enable Midstream Partners (NYSE: ENBL) and EnLink Midstream Partners (NYSE:ENLK) are both mid-cap oils/energy companies, but which is the better business? We will compare the two businesses based on the strength of their profitability, earnings, risk, valuation, institutional ownership, dividends and analyst recommendations.

• [By Shane Hupp]

  Enable Midstream Partners LP (NYSE:ENBL) has been given a consensus recommendation of “Hold” by the fourteen ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $17.75.

• [By Logan Wallace]

  Get a free copy of the Zacks research report on Enable Midstream Partners (ENBL)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

Top 5 Safest Stocks For 2019: GRAVITY Co. Ltd.(GRVY)

Advisors' Opinion:

• [By Cooper Creagan]

  For example, if you had taken five minutes to set up a Night Trade on Gravity Co. (Nasdaq: GRVY) in October, you could've tripled your money, and then some.

• [By Joseph Griffin]

  BidaskClub upgraded shares of Gravity (NASDAQ:GRVY) from a strong sell rating to a sell rating in a research note issued to investors on Tuesday morning.

• [By Max Byerly]

  ILLEGAL ACTIVITY WARNING: “Gravity (GRVY) Receives Coverage Optimism Score of 0.17” was first published by Ticker Report and is the sole property of of Ticker Report. If you are viewing this story on another publication, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be viewed at https://www.tickerreport.com/banking-finance/3382037/gravity-grvy-receives-coverage-optimism-score-of-0-17.html.

Capital City Trust Co. FL Cuts Stake in iShares 1-3 Year Credit Bond ETF (CSJ)

Capital City Trust Co. FL decreased its holdings in shares of iShares 1-3 Year Credit Bond ETF (NASDAQ:CSJ) by 2.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,527 shares of the exchange traded fund’s stock after selling 1,845 shares during the quarter. iShares 1-3 Year Credit Bond ETF accounts for approximately 3.5% of Capital City Trust Co. FL’s portfolio, making the stock its 3rd largest position. Capital City Trust Co. FL owned about 0.08% of iShares 1-3 Year Credit Bond ETF worth $8,247,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Transamerica Financial Advisors Inc. lifted its position in iShares 1-3 Year Credit Bond ETF by 131.8% in the 1st quarter. Transamerica Financial Advisors Inc. now owns 1,057 shares of the exchange traded fund’s stock worth $110,000 after buying an additional 601 shares during the last quarter. Braun Bostich & Associates Inc. bought a new stake in iShares 1-3 Year Credit Bond ETF in the 1st quarter worth approximately $154,000. Quattro Financial Advisors LLC bought a new stake in iShares 1-3 Year Credit Bond ETF in the 1st quarter worth approximately $164,000. Fieldpoint Private Securities LLC lifted its position in iShares 1-3 Year Credit Bond ETF by 314.0% in the 1st quarter. Fieldpoint Private Securities LLC now owns 2,070 shares of the exchange traded fund’s stock worth $215,000 after buying an additional 1,570 shares during the last quarter. Finally, Peloton Wealth Strategists bought a new stake in iShares 1-3 Year Credit Bond ETF in the 1st quarter worth approximately $221,000.

Get iShares 1-3 Year Credit Bond ETF alerts:

NASDAQ:CSJ traded up $0.03 during mid-day trading on Friday, reaching $103.70. The stock had a trading volume of 18,449 shares, compared to its average volume of 578,049. iShares 1-3 Year Credit Bond ETF has a one year low of $103.47 and a one year high of $105.61.

The company also recently announced a monthly dividend, which was paid on Monday, July 9th. Investors of record on Tuesday, July 3rd were given a $0.1929 dividend. This is an increase from iShares 1-3 Year Credit Bond ETF’s previous monthly dividend of $0.18. The ex-dividend date of this dividend was Monday, July 2nd. This represents a $2.31 dividend on an annualized basis and a yield of 2.23%.

iShares 1-3 Year Credit Bond ETF Company Profile

iShares 1-3 Year Credit Bond ETF (the Fund), formerly iShares Barclays 1-3 Year Credit Bond Fund, is an exchange-traded fund (ETF). The Fund is an exchange-traded fund. The Fund seeks results, which correspond generally to the price and yield performance, before fee and expense, of investment grade credit sector of the United States bond market as defined by the Barclays Capital U.S.

Recommended Story: What do investors mean by earnings per share?

Proctor & Gamble Acquires Indie Beauty Brand First Aid Beauty

American multinational Proctor & Gamble (PG ) recently announced its acquisition of beauty brand First Aid Beauty for a reported $250 million. First Aid Beauty was founded in 2009 by CEO Lili Gordon. The idea for the company comes from how every household has a first aid kit, so everyone needs first aid beauty products too. FAB is dedicated to creating smart and effective products for sensitive skin by using ingredients which are safe and allergy tested.

What This Acquisition Means for First Aid Beauty

 P&G is a company which has acquired many beauty brands before such as Olay, SKII, Aussie and Herbal Essences, along with many others.  According to Gordon, FAB’s move to P&G will allow the brand to focus on increasing its global presence, while expanding on product development as well. Currently, FAB relies on third parties for their formulas, and under P&G and with PD, they could come up with the formulas themselves.

As of right now, Gordon has 50 employees with her company. Being under P&G now, she will get to keep those employees as well her position of CEO of FAB. However, she will report to the president of P&G’s global skin and care, Markus Strobel.

With this acquisition, both companies are mutually benefitting. P&G is looking to gain back that market confidence it had before it sold its longstanding portfolio to Coty Inc. (COTY ) in 2016. Similarly, FAB is looking to gain a wider consumer base by expanding its efforts globally with the help of P&G.

How Will P&G Benefit?

After Proctor & Gamble sold 43 brands from its company to Coty two years ago, they have been trying to regain the same momentum they once had in the beauty/skincare industry. Investors have been reluctant about P&G since it sold a lot of its brand, as they fear it could potentially turn into the next General Electric (GE ) , with the selling of its portfolio.

Since then, P&G has looked towards building its company through acquisitions. With this most recent acquisition, it is looking to build its skin-care portfolio with brands that complement their portfolio and eventually fill the spaces where they are currently not present.

First Aid Beauty is a young brand that has become quite popular, especially amongst millennials. P&G can expect to gain that consumer base, as FAB will have a broad appeal. Today’s buying customers look for products which are cruelty free and products that they can use on the go. First Aid Beauty delivers those needs, and  therefore, there is potential for this brand to become very valuable in the upcoming years.

P&G will certainly benefit from this acquisition as it will be able to bring in those customers that are already part of First Aid Beauty, as well as the customers it might have lost after selling most of its brands. If FAB succeeds under P&G and becomes a worldwide brand, then this could mean big things for both of them.

Bottom Line

This acquisition is certainly a refreshing start for P&G seeing as First Aid Beauty is a brand loved by many and has been doing quite well over the years. Proctor & Gamble can expect good things from this acquisition and it seems clear they made the right decision.

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A morning walk down Dalal Street: Nifty must close above 11,080 for move towards life time high of 1

Bulls took control of D-Street and pushed Nifty above its crucial level of 11,000 on Tuesday. Fall in crude oil price, better than expected earnings from Federal Bank & Ashok Leyland, as well as strong currency helped the index to climb the wall of worries.

The S&P BSE Midcap index which plunged over 2�percent on Monday recouped most of its losses and closed higher by 2.1 percent, a welcome sign for the bulls.

The pullback was largely a renewed buying based on a few technical factors that are favouring the bull.

The lagging Indicator MACD has retested the Zero line and is positive since July Series indicating the bullish trend in the medium term.

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The next resistance is placed at 11,170 which is a previous all-time high.

Analysts maintain a buy on dips strategy with the target of 11,250 �� 11,300 on the upside while a recent swing low of 10,900 can be kept as a stop loss.

On the earnings front, 17 companies will report their results for June quarter which include names like Bandhan Bank, HT Media, Mastek, Mindtree, NIIT Technologies, Reliance Communications, and UltraTech Cements.

Mindtree Q1 PAT likely to rise by 77�percent YoY to Rs 164.80 crore

NIIT Technologies: Q1 PAT likely to rise by 51 percent YoY to Rs 77.80 crore

UltraTech Cement: Q1 PAT likely to fall by 32 percent YoY to Rs 604.60 crore

(Note: All estimates from Motilal Oswal)

Stocks in news:

PSU Banks will be in focus after government announced an infusion of Rs 11,336 crore in five public sector banks as part of its Indradhanush scheme, which was unveiled in 2015. This is the last tranche of infusion under the scheme.

Zee Entertainment Enterprises reported 31 percent jump in its Q1FY19 (April- June) at Rs 325.88 crore against Rs 248.25 crore in the same quarter last fiscal.

IDBI Bank: The public sector lender, IDBI Bank, will soon seek an approval from the government for the proposed investment by Life Insurance Corporation of India (LIC). The latter, which holds 7.98 percent stake in the bank at present will buy additional 43.02 percent in former once it gets the approval from the Cabinet.

Big News:

Big bonanza for PSU banks

The government has announced an infusion of Rs 11,336 crore in five public sector banks as part of its Indradhanush scheme, which was unveiled in 2015.

This is the last tranche of infusion under the scheme.

The five banks are Punjab National Bank (PNB), Indian Overseas Bank (IOB), Andhra Bank, Corporation Bank & Allahabad Bank.

Of the Rs 11,336 crore, Rs 2,816 crore will be infused in PNB, Rs 2,157 crore in IOB, Rs 2,019 crore in Andhra Bank, Rs 2,555 in Corporation Bank, and Rs 1,790 crore in Allahabad Bank.

Technical Outl0ok:

The index formed a strong bullish candle on daily charts.

The closing above 11,000-mark is a good thing but to maintain that momentum, the index has to close above 11,080 levels and then only it can be able to march towards its earlier life time high of 11,171 seen in January, experts said.

Traders are advised to create fresh long positions with a stop loss below 10,925 on closing basis and look for bigger targets around 11,171.

Three levels: 10925, 11000, 11080

Max Call OI: 11000, 11100

Max Put OI: 10600, 10800

Option band signifies an immediate trading range in between 10,929 to 11,080 zones.

Stocks with high delivery percentage: Eicher Motors, RBL Bank, Marico, HDFC.

92 stocks saw long buildup: Adani Power, Bata India, Federal Bank

11 stocks saw a short build-up: MindTree (ahead of results), Marico, PC Jeweller

Technical Recommendations:

We spoke to Yes Securities and here��s what they have to recommend:

Titan Company: Buy| LTP: Rs 845 | Target: Rs 900-930 | Stop loss: Rs 800 | Return 7-10%

V-Guard Industries: Buy | LTP: Rs 192 | Target: Rs 207-216 | Stop loss: Rs 183 | Return 8-12%

Axis Bank: Buy | LTP: Rs 537 | Target: Rs 565-580 | Stop loss: Rs 519 | Return 5-8%

Disclaimer: The views and investment tips expressed by investment expert on moneycontrol.com are his own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. First Published on Jul 18, 2018 07:05 am

Think You'll Live Until 95? You'd Better Save $100,000 Extra

Did you know that once you've reached age 65, you have better than even odds of living until age 80? Your chances of living until 90 aren't that bad, either.

In fact, around one in five men and three in 10 women who've reached the age of 65 will live until at least 90, while about 6% of men and 12% of women will hit 95. For a senior couple, there's close to a one-in-five shot one of the two will still be around at 95.�

This is great news, right? Yes -- but there's a big caveat. Your savings may not always last until your 95th birthday, especially if you experience big health issues.�

It's hard to know how long you'll live -- although your family history could help provide a guide -- but it's best to err on the side of caution and assume longevity when planning for retirement and particularly when deciding how much to save for healthcare.

Image source: Getty Images.

Median out-of-pocket health expenses for older seniors

A recent study by Employee Benefits Research Institute (ERBI) underscores the need to save a substantial amount for healthcare, especially if you're likely to live a long time.�

According to ERBI, the cumulative median out-of-pocket health expenses for a senior who passes away between the ages of 80 and 84 is $11,608, while median out-of-pocket health expenditures reach $27,382 for those who live until 95 or longer.�

For those who need a lot of care, however, the gap is much greater. Those who pass away between 80 and 84 who are in the 90th percentile for medical care expenditures pay about $73,374 out of pocket. But for seniors who live until 95 or longer, spending for those in the 90th percentile of medical care use is a whopping $171,979.�

It makes sense that those who live longer will pay more for care.��However, as ERBI points out, the costs within the last 10 years of life go up exponentially for those who have the longest life spans.�

Nursing home expenses are a huge driver of healthcare costs

ERBI also warns that the longer you live, the more likely it is you'll end up needing�nursing home care. While only 15.3% of people who pass away in their early 70s spend any time in a�nursing home, more than six in 10 people who live until 95 spend at least one night in an institutional facility -- and sometimes much longer.�

Nursing home care has an average cost of more than $85,000 per year nationwide for a semi-private room, according to the Genworth Cost of Care survey. Because nursing home costs usually must be paid out of pocket since Medicare only provides very limited coverage and only for specific types of�skilled nursing care, having to spend any time in a nursing home could mean serious financial hardship.�

How�can you prepare to cover healthcare costs as a senior?

Because healthcare expenditures�can be so substantial -- especially if you live a long life -- it's best to err on the side of caution and develop substantial savings dedicated to covering medical treatment.

If you think you'll live until 95, plan to spend at the high end because you can't guarantee how your health will hold up -- and of course, going back to work to pay for care at 95 is a nonstarter.�

One of the best ways to make sure you save enough is to invest in a health savings account�throughout your lifetime. If you have a high deductible health insurance plan, you should be eligible to invest. While these accounts can be used to cover short-term medical expenses any time after money is invested, leaving the money in the account to grow and pay for care as a senior is often the smartest move.�

Also consider options for long-term care insurance -- although not all policies provide comprehensive coverage -- and compare Medicare programs carefully to determine if you should purchase a Medigap plan to provide supplementary coverage for things traditional Medicare won't pay for.�

Finally, working with an attorney to create a plan to qualify for Medicaid could be another approach. Medicaid is a means-tested benefit open to people with limited financial resources. However, many people work with attorneys to make effective use of legal tools that allow them to keep assets they've worked for throughout their lives while qualifying for Medicaid.�

Medicaid can cover�nursing home care costs and, for eligible seniors, also subsidize Medicare premiums and co-insurance costs to make affording care easier.�

Don't retire without a plan for healthcare costs

Far too many people don't really think about healthcare costs when deciding how much they need to save for retirement. Don't make that mistake. You may need hundreds of thousands of dollars to pay for the costs of healthcare -- especially if you live a long life. Make a plan today to start setting aside money so you can afford the care when you need, even if you make it to 100.

MCX Q1 PAT seen up 9.3% QoQ to Rs. 37 cr: HDFC Securities

HDFC Securities has come out with its first quarter (April-June�� 18) earnings estimates for the Technology sector. The brokerage house expects MCX to report net profit at Rs. 37 crore up 9.3% quarter-on-quarter (up 41.9% year-on-year).

Net Sales are expected to increase by 5.2 percent Q-o-Q (up 25.4 percent Y-o-Y) to Rs. 74 crore, according to HDFC Securities.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 12.7 percent Q-o-Q (up 101.1 percent Y-o-Y) to Rs. 26 crore.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Read More First Published on Jul 12, 2018 06:07 pm

Gateway Investment Advisers LLC Sells 14,417 Shares of iShares S&P 500 Index (IVV)

Gateway Investment Advisers LLC lessened its holdings in shares of iShares S&P 500 Index (NYSEARCA:IVV) by 1.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 825,039 shares of the company’s stock after selling 14,417 shares during the quarter. iShares S&P 500 Index comprises about 2.0% of Gateway Investment Advisers LLC’s holdings, making the stock its 6th biggest holding. Gateway Investment Advisers LLC owned about 0.15% of iShares S&P 500 Index worth $225,277,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Arbor Investment Advisors LLC acquired a new stake in iShares S&P 500 Index in the second quarter valued at approximately $301,000. Gofen & Glossberg LLC IL raised its holdings in iShares S&P 500 Index by 3.4% in the second quarter. Gofen & Glossberg LLC IL now owns 21,211 shares of the company’s stock valued at $5,792,000 after acquiring an additional 691 shares in the last quarter. KLS Professional Advisors Group LLC raised its holdings in iShares S&P 500 Index by 10.1% in the second quarter. KLS Professional Advisors Group LLC now owns 496,270 shares of the company’s stock valued at $135,507,000 after acquiring an additional 45,670 shares in the last quarter. Mitchell Sinkler & Starr PA acquired a new stake in iShares S&P 500 Index in the second quarter valued at approximately $491,000. Finally, TNB Financial raised its holdings in iShares S&P 500 Index by 35.0% in the second quarter. TNB Financial now owns 151,259 shares of the company’s stock valued at $41,301,000 after acquiring an additional 39,189 shares in the last quarter.

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NYSEARCA:IVV traded down $2.09 during mid-day trading on Wednesday, hitting $278.74. The stock had a trading volume of 3,781,203 shares, compared to its average volume of 4,512,845. iShares S&P 500 Index has a twelve month low of $243.45 and a twelve month high of $288.69.

The business also recently declared a quarterly dividend, which was paid on Monday, July 2nd. Shareholders of record on Wednesday, June 27th were paid a $1.2812 dividend. This is a positive change from iShares S&P 500 Index’s previous quarterly dividend of $1.27. This represents a $5.12 annualized dividend and a yield of 1.84%. The ex-dividend date was Tuesday, June 26th.

iShares S&P 500 Index Company Profile

iShares Core S&P 500 ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Standard & Poor��s 500 Index (the Index). The Index measures the performance of the large-capitalization sector of the United States equity market.

Xiaomi rebound; Trump goes to Europe; Pound watch

1. Rebound in Hong Kong: Xiaomi's second day as a public company is going a lot better than its first.

Shares in the Chinese smartphone maker jumped as much as 15% in afternoon trading in Hong Kong on Tuesday. The gain follows a weak debut on Monday when its shares lost as much as 5.9% before ending the day down about 1%.

Xiaomi went public after raising $4.7 billion in the world's biggest tech IPO since Alibaba's (BABA) huge New York listing in 2014.

Tuesday's rally took its shares comfortably above their issue price of 17 Hong Kong dollars ($2.17).

2. Trump in Europe: US President Donald Trump is heading to Brussels, Belgium, for the first stop of his European tour.

The trip includes a NATO summit, a meeting with Queen Elizabeth II in the United Kingdom and a sit-down with Russian leader Vladimir Putin in Finland.

Many European leaders have been vocal about their opposition to various Trump policies, including his decision to impose tariffs on steel and aluminum imports.

Switzerland on Tuesday became the latest country to file a complaint over the tariffs with the World Trade Organization.

3. Stock market overview: Global stock markets were higher, continuing the momentum from a big rally on Monday.

US stock futures were indicating modest gains at the open. European markets advanced in early trade and most Asian markets ended the day with gains.

On Monday, the Dow Jones industrial average soared by 1.3%, its best day in a month. The S&P 500 and Nasdaq jumped by 0.9%.

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4. Earnings: Pepsi (PEP) will release its earnings report before the opening bell.

5. Pound watch: The resignation of two UK government ministers has put the British pound in the spotlight.

The currency weakened significantly on Monday after Foreign Secretary Boris Johnson announced his resignation over a new "business-friendly" Brexit plan from Prime Minister Theresa May.

The pound has since recovered some of its lost ground to trade at $1.33. The benchmark FTSE 100 edged lower on Tuesday.

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6. Coming this week: Tuesday �� Pepsi earnings Wednesday �� US Bureau of Labor Statistics releases monthly Producer Price Index Thursday �� Delta earnings; US inflation data Friday �� Citigroup, JPMorgan Chase, Wells Fargo, First Republic Bank (FRC) report earnings; Consumer sentiment index

Gabelli Weighs in on Prestige Brands Holdings, Inc.’s FY2019 Earnings (PBH)

Prestige Brands Holdings, Inc. (NYSE:PBH) – Investment analysts at Gabelli cut their FY2019 earnings estimates for shares of Prestige Brands in a research report issued on Tuesday, July 3rd. Gabelli analyst Z. Bodini now anticipates that the company will post earnings of $3.00 per share for the year, down from their prior forecast of $3.05. Gabelli also issued estimates for Prestige Brands’ FY2020 earnings at $3.35 EPS, FY2021 earnings at $3.75 EPS, FY2022 earnings at $4.20 EPS and FY2023 earnings at $4.65 EPS.

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Several other analysts have also issued reports on PBH. DA Davidson lowered shares of Prestige Brands to a “neutral” rating and set a $33.00 price target on the stock. in a research report on Tuesday, May 8th. Zacks Investment Research lowered shares of Prestige Brands from a “hold” rating to a “sell” rating in a research report on Friday, May 11th. Finally, ValuEngine lowered shares of Prestige Brands from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $71.00.

Prestige Brands opened at $37.34 on Wednesday, according to Marketbeat. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.50 and a current ratio of 2.46. Prestige Brands has a 1 year low of $27.84 and a 1 year high of $53.90. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 14.24, a PEG ratio of 1.45 and a beta of 1.18.

Prestige Brands (NYSE:PBH) last announced its quarterly earnings data on Thursday, May 10th. The company reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.01. Prestige Brands had a net margin of 32.61% and a return on equity of 13.33%. The business had revenue of $256.00 million for the quarter, compared to analyst estimates of $255.61 million. During the same quarter in the previous year, the firm posted $0.54 earnings per share. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis.

In other Prestige Brands news, SVP Jean A. Boyko sold 20,528 shares of the company’s stock in a transaction on Tuesday, May 15th. The shares were sold at an average price of $36.91, for a total value of $757,688.48. Following the transaction, the senior vice president now directly owns 21,960 shares in the company, valued at $810,543.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.98% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd increased its holdings in shares of Prestige Brands by 31.4% in the first quarter. Dynamic Technology Lab Private Ltd now owns 17,781 shares of the company’s stock valued at $600,000 after purchasing an additional 4,254 shares during the last quarter. Diversified Trust Co acquired a new position in shares of Prestige Brands in the first quarter valued at $202,000. Massmutual Trust Co. FSB ADV increased its holdings in shares of Prestige Brands by 47,880.0% in the first quarter. Massmutual Trust Co. FSB ADV now owns 9,596 shares of the company’s stock valued at $324,000 after purchasing an additional 9,576 shares during the last quarter. Wesbanco Bank Inc. acquired a new position in shares of Prestige Brands in the first quarter valued at $988,000. Finally, Royal Bank of Canada increased its holdings in shares of Prestige Brands by 81.4% in the first quarter. Royal Bank of Canada now owns 2,027,327 shares of the company’s stock valued at $68,362,000 after purchasing an additional 909,507 shares during the last quarter.

Prestige Brands Company Profile

Prestige Brands Holdings, Inc, together with its subsidiaries, develops, manufactures, markets, distributes, and sells over-the-counter (OTC) healthcare and household cleaning products in North America, Australia, and internationally. It operates in three segments: North American OTC Healthcare, International OTC Healthcare, and Household Cleaning.

RIVERNORTH / DO/COM to Issue Monthly Dividend of $0.15 (OPP)

RIVERNORTH / DO/COM (NYSE:OPP) declared a monthly dividend on Wednesday, July 4th, Wall Street Journal reports. Investors of record on Friday, August 17th will be paid a dividend of 0.15 per share on Friday, August 31st. This represents a $1.80 annualized dividend and a yield of 10.16%. The ex-dividend date of this dividend is Thursday, August 16th.

RIVERNORTH / DO/COM traded down $0.04, hitting $17.72, during trading on Wednesday, MarketBeat reports. The stock had a trading volume of 27,929 shares, compared to its average volume of 51,376. RIVERNORTH / DO/COM has a 1-year low of $17.12 and a 1-year high of $19.76.

RIVERNORTH / DO/COM Company Profile

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc is a closed ended fixed income mutual fund launched and managed by RiverNorth Capital Management, LLC. The fund is co-managed by DoubleLine Capital LP. It invests in fixed income markets. The fund seeks to benchmark the performance of its portfolio against the Barclays Capital U.S.