A group led by real estate investor Nicholas Schorsch is acquiring independent broker-dealer First Allied Securities from Lovell Minnick Partners “because we believe in the alternative space,” Schorsch said Thursday, in an interview with AdvisorOne.
“We looked at First Allied’s business specifically for what it offers RCAP Holdings, not for distribution of product,” he said. “We sell so much …, have a 51% market share and have raised probably $4 billion this year … we do not need more advisors selling our products.”
Schorsch (left) is chairman and CEO of RCAP Holdings, which owns Realty Capital Securities, a wholesale broker-dealer and affiliate of American Realty Capital Properties (ARCP), as well as several other entities.
10 Best Stocks To Own For 2014: bebe stores inc.(BEBE)
bebe stores, inc. engages in the design, development, and production of women?s apparel and accessories. Its products include a range of separates, tops, dresses, active wear, and accessories in career, evening, casual, and active lifestyle categories. The company markets its products under the bebe, BEBE SPORT, bbsp, and 2b bebe brand names targeting 21 to 34-year-old woman. As of July 2, 2011, it operated 252 retail stores, and an online store at bebe.com in the United States, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Japan, and Canada, as well as 60 international licensee operated stores in south east Asia, the United Arab Emirates, Israel, Russia, Mexico, and Turkey. The company was founded in 1976 and is headquartered in Brisbane, California.
Advisors' Opinion:- [By CRWE]
bebe stores, inc. (Nasdaq:BEBE) reported that its Board of Directors declared bebe�� quarterly cash dividend of $0.025 per share. The dividend is payable on December 4, 2012 to shareholders of record at the close of business on November 20, 2012
- [By Rich Smith]
This series, brought to you by Yahoo! Finance, looks at which upgrades and downgrades make sense and which ones investors should act on. Today, our headlines include upgrades for both industrialist Aixtron (NASDAQ: AIXG ) and fashionista bebe stores (NASDAQ: BEBE ) . But the news isn't all good, so let's start off with a few words on...
10 Best Stocks To Own For 2014: Energold Drilling Corp.(EGD.V)
Energold Drilling Corp., together with its subsidiaries, provides contract diamond drilling services to the mining and mineral exploration industries primarily in Mexico, the Caribbean, Central America, South America, Africa, and Asia. As of December 31, 2010, it owned fleet of 103 drilling rigs. The company also engages in the acquisition, exploration, development, and mining of mineral properties, primarily silver, lead, zinc, and gold properties located in Mexico and the Dominican Republic. In addition, it manufactures drilling rigs and associated equipment for water well, mineral exploration, and geotechnical drilling. Energold Drilling Corp. is headquartered in Vancouver, Canada.
Top 5 Oil Companies To Watch In Right Now: ConocoPhillips(COP)
ConocoPhillips operates as an integrated energy company worldwide. The company?s Exploration and Production (E&P) segment explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas, and natural gas liquids. Its Midstream segment gathers, processes, and markets natural gas; and fractionates and markets natural gas liquids in the United States and Trinidad. The company?s Refining and Marketing (R&M) segment purchases, refines, markets, and transports crude oil and petroleum products, such as gasolines, distillates, and aviation fuels. Its Chemicals segment manufactures and markets petrochemicals and plastics. This segment offers olefins and polyolefins, including ethylene, propylene, and other olefin products; aromatics products, such as benzene, styrene, paraxylene, and cyclohexane, as well as polystyrene and styrene-butadiene copolymers; and various specialty chemical products comprising organosulfur chemicals, solvents, catalyst s, drilling chemicals, mining chemicals, and engineering plastics and compounds. The company?s Emerging Businesses segment develops new technologies and businesses. It focuses on power generation; and technologies related to conventional and nonconventional hydrocarbon recovery, refining, alternative energy, biofuels, and the environment. This segment also offers E-Gas, a gasification technology producing high-value synthetic gas. ConocoPhillips was founded in 1917 and is based in Houston, Texas.
Advisors' Opinion:- [By Associated Press]
ANCHORAGE, Alaska (AP) -- ConocoPhillips (NYSE: COP ) Alaska announced Wednesday it will not drill in Arctic waters off Alaska's northwest shore in 2014.
- [By Matt DiLallo]
So far this year we've seen major discoveries from the likes of ConocoPhillips (NYSE: COP ) , Chevron (NYSE: CVX ) and Anadarko (NYSE: APC ) . The Shenandoah discovery by ConocoPhillips and Anadarko encountered an incredible 1,000 feet of net pay, which is the portion that is commercially viable. That's more than double the size of ConocoPhillips' Coronado discovery which is partnered with Chevron. These discoveries are what's driving the industry's increased pace of investment and why it would appear that the Gulf's oil production is likely headed to new heights.
- [By Arjun Sreekumar]
Opportunities for oilfield services firms
Not surprisingly, Halliburton and other major energy companies view Chinese shale gas development as a significant opportunity for future growth. Many of them, including Baker Hughes (NYSE: BHI ) , ConocoPhillips (NYSE: COP ) , and Schlumberger (NYSE: SLB ) , have already developed strategic relationships with Chinese firms to better evaluate the nation's shale gas potential.
10 Best Stocks To Own For 2014: Somaxon Pharmaceuticals Inc.(SOMX)
Somaxon Pharmaceuticals, Inc., a specialty pharmaceutical company, focuses on the in-licensing, development, and commercialization of proprietary branded products and late-stage product candidates for the treatment medical conditions in the central nervous system therapeutic area. Its product includes Silenor for the treatment of insomnia characterized by difficulty with sleep maintenance. The company sells its products to wholesale distributors in the United States. Somaxon Pharmaceuticals, Inc. was founded in 2003 and is headquartered in San Diego, California.
Advisors' Opinion:- [By CRWE]
Somaxon Pharmaceuticals, Inc. (Nasdaq:SOMX), a specialty pharmaceutical company, will release its financial results for the third quarter ended September 30, 2012 on Wednesday, October 31, 2012 after the close of the U.S. financial markets.
10 Best Stocks To Own For 2014: SportingBet.com(SBT.L)
Sportingbet Plc operates as an online sports betting and gaming company. The company offers online sports betting services, including sportsbook; and gaming products comprising casino and poker, as well as other games, such as roulette, blackjack, slots, and live dealer games. It operates Websites in 21 languages; and accepts bets in 20 currencies. The company is also involved in telephone and mobile betting businesses. It operates in Europe, Australia, Canada, Brazil, Chile, and South Africa. The company was founded in 1998 and is based in London, the United Kingdom.
10 Best Stocks To Own For 2014: Kandi Technolgies Corp.(KNDI)
Kandi Technologies Corp., through its subsidiaries, engages in the design, development, manufacture, and commercialization of off-road vehicles, motorcycles, mini-cars, and special automobile related products. Its off-road vehicles include all-terrain vehicles, specialized utility vehicles, and go-karts. The company sells its products through third-party and independent distributors in the People?s Republic of China, Asia, North America, Europe, and Australia. Kandi Technologies Corp. is based in Jinhua, the People?s Republic of China.
Advisors' Opinion:- [By Rick Munarriz]
Shares of China's Kandi Technologies (NASDAQ: KNDI ) soared 36% yesterday on news that China had approved the company's first electric sedan.
- [By Sean Williams]
Rotten Kandi
This year has certainly been the year of going green, with anything solar or electric-vehicle-based shooting to the moon. The latest in a serious of rocket stocks is China's Kandi Technologies (NASDAQ: KNDI ) , which has basically doubled in just the past two weeks following the Chinese government's approval of the company's first all-electric sedan. Given the success of Tesla Motors (NASDAQ: TSLA ) in the U.S., many are suspecting that Kandi will be a surefire winner with Geely Automotive in its corner as a partner. As for me, I'm not as convinced. - [By Teresa Rivas]
Kandi Technologies (KNDI) was soaring 17.5% at recent check as the auto maker announced that the Chinese government will offer subsidies for electric cars.
The long-awaited policy covers not only pure electric vehicles, but also plug-in hybrid electric and fuel cell battery cars, and runs through 2015. According to the report, the government would offer up to RMB 60,000 (approximately USD 9,800) for the purchase of an all-electric passenger vehicle and up to RMB 500,000 (approximately USD 81,700) for the purchase of an electric bus.
However, the news did little to stop Tesla (TSLA), which was revving toward fresh all-time highs, up more than 5% to $174.78.
Nor did news Wednesday that Volkswagen plans to have electric vehicles for sale in the U.S. by 2015.
However, Tesla plans to have its own innovations to offer not long after that year, as CEO Elon Musk said that it is designing a self-driving car that will be available within the next three years. The company is obviously taking aim at Google (GOOG), so far the leader in auto-pilot cars.
Deutsche Bank boosted its price target for Tesla to $200 yesterday. Also, Northland Securities is making positive comments on the stock today, reports Briefing.com.
10 Best Stocks To Own For 2014: Cache Inc.(CACH)
Cache, Inc., together with its subsidiaries, operates as a mall and Web based specialty retailer of women?s lifestyle sportswear and dresses in the United States. It offers eveningwear; casual and daytime sportswear, including tops, bottoms, and dresses; and accessories, such as jewelry, belts, and handbags under the Cache brand name. The company also provides its products online through its Web site, cache.com. As of March 22, 2012, it operated 267 stores in 43 states, Puerto Rico, and the U.S. Virgin Islands. Cache, Inc. was founded in 1975 and is headquartered in New York, New York.
10 Best Stocks To Own For 2014: North Central Bancshares Inc.(FFFD)
North Central Bancshares, Inc. operates as the holding company for First Federal Savings Bank of Iowa that offers banking services in the central, north central, and southeastern parts of Iowa. The company offers various deposit products, including noninterest-bearing demand accounts, interest bearing accounts, savings accounts, money market savings, certificates of deposit, and individual retirement accounts. It also provides a loan portfolio of one-to-four family residential real estate loans, multifamily residential and commercial real estate loans, and construction and land development loans, as well as consumer loans, which consists primarily of one-to-four family second mortgage loans, including home equity lines of credit. In addition, the company offers real estate title abstracting services in Webster and Boone counties of Iowa. Further, it sells life insurance on mortgage loans, credit life and accident, and health insurance on consumer loans; and annuity product s, mutual funds, and other noninsured products. Additionally, the company engages in acquiring, developing, and managing low and moderate income housing for residents of the Fort Dodge area. It operates 10 branch offices in Fort Dodge, Nevada, Ames, Perry, Ankeny, Clive, West Des Moines, Burlington, and Mount Pleasant, Iowa. The company was founded in 1995 and is headquartered in Fort Dodge, Iowa.
10 Best Stocks To Own For 2014: VeriSign Inc.(VRSN)
VeriSign, Inc. provides Internet infrastructure services to various networks worldwide. The company provides domain name registry services and infrastructure assurance services. It offers registry services that operate the authoritative directory of various .com, .net, .cc, .tv, and .name domain names, as well as the back-end systems for various .jobs and .edu domain names; and network intelligence and availability services that provide infrastructure assurance to organizations comprising Verisign iDefense security intelligence services, managed domain name system services, and distributed denial of service mitigation. VeriSign, Inc. was founded in 1995 and is headquartered in Reston, Virginia.
Advisors' Opinion:- [By Lisa Levin]
VeriSign (NASDAQ: VRSN) shares gained 0.47% to touch a new 52-week high of $56.07. VeriSign's PEG ratio is 1.54.
Micron Technology (NASDAQ: MU) shares reached a new 52-week high of $19.575. Micron's trailing-twelve-month revenue is $9.07 billion.
- [By Monica Gerson]
VeriSign (NASDAQ: VRSN) shares surged 0.41% to touch a new 52-week high of $51.51. VeriSign's PEG ratio is 1.65.
Tuesday Morning (NASDAQ: TUES) shares gained 4.87% to create a new 52-week high of $14.63. Tuesday Morning shares have jumped 110.09% over the past 52 weeks, while the S&P 500 index has gained 18.17% in the same period.
- [By Lee Jackson]
The Lazard trading desk said that active traders may want to look at software stocks that still had unusually high short interest. Those included Concur Technologies (NASDAQ: CNQR), Tangoe Inc. (NASDAQ: TNGO), Jive Software (NASDAQ: JIVE), Marketo Inc. (NASDAQ: MKTO), VeriSign Inc. (NASDAQ: VRSN) and VMware Inc. (NYSE: VMW). Stocks with high short interest can explode to the upside if the company gets back on track and short sellers are forced to cover.
- [By Monica Gerson]
VeriSign (NASDAQ: VRSN) shares rose 0.50% to touch a new 52-week high of $50.69. VeriSign's PEG ratio is 1.60.
Zix (NASDAQ: ZIXI) shares reached a new 52-week high of $4.82. ZixCorp's trailing-twelve-month profit margin is 18.08%.
10 Best Stocks To Own For 2014: Whitehaven Coal Ltd (WHITF.PK)
Whitehaven Coal Limited (Whitehaven) is engaged in the development and operation of coal mines in New South Wales. During the fiscal year ended 30 June 2012 (fiscal 2012), Whitehaven Coal Limited and its controlled entities continued development at the Narrabri underground mine. The Company operates in two segments: Open Cut Operations and Underground Operations. The Company�� Gunnedah operations include the Tarrawonga (70% owned by Whitehaven), Rocglen (100% owned by Whitehaven), and Sunnyside (100% owned by Whitehaven) open cut mines and the Gunnedah coal handling and preparation plant and train load out facility (CHPP��(100% owned by Whitehaven). The Werris Creek mine is 100% owned by Whitehaven. During fiscal 2012, the Company produced 4.28 million tons per annum of saleable coal. On May 1, 2012, the Company acquired Boardwalk Resources Limited. On May 2, 2012, the Company acquired Aston Resources Limited. On June 20, 2012, it acquired Coalworks Limited.
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