Raymond James (RJF) said late Tuesday that it had recruited a team of two financial advisors, formerly with UBS (UBS), to join its traditional employee-advisor branch in Jacksonville, Fla. The two advisors, Michael Brannam and Patrick Brannam, have managed some $250 million in client assets and produced more than $1.5 million in yearly fees and commissions.
“We are elated to welcome this talented team to our Jacksonville office,” said Tom Galvin, regional director for Raymond James & Associates, in a press release. “Together, Michael and Patrick bring more than 55 years of industry experience and have a history of top performance. We couldn’t be happier to call them a part of the Raymond James family.”
The father-and-son team, also known as Brannam Wealth Management of Raymond James, includes a financial consultant, Matthew Watson, and sales assistant, Brenda Holtinger. Michael has been in the business for 45 years and opened PaineWebber’s office in Jacksonville in 1980. Patrick joined the practice at UBS 11 years ago, after working for Deloitte and Touche and GATX Logistics.
Top Building Product Stocks To Watch Right Now: Ossen Innovation Co. Ltd.(OSN)
Ossen Innovation Co. Ltd. engages in the design, engineering, manufacture, and sale of plain surface prestressed, rare earth coated, and zinc coated prestressed steel materials in the People?s Republic of China. The company primarily offers plain surface, indented, and helical rib PC wires, as well as rare earth coated PC strands. Its materials are used in the construction of railways, highways, bridges, buildings, and other infrastructure projects. The company markets its products under the Ossen brand name. It also exports its products to the United States, Canada, Spain, South Korea, Taiwan, Australia, and Saudi Arabia. The company is headquartered in Shanghai, the People?s Republic of China.
Advisors' Opinion:- [By Monica Gerson]
Ossen Innovation Co (NASDAQ: OSN) is projected to post its Q1 earnings.
AZZ (NYSE: AZZ) is expected to report its Q1 earnings at $0.54 per share on revenue of $191.37 million.
Top 10 Logistics Companies To Watch For 2014: Arcadis NV (ARCAD)
Arcadis NV is a Netherlands-based international engineering and consultancy firm, providing consultancy, design, engineering and management services in infrastructure, water, environment and buildings. The Company develops, designs, implements, maintains and operates projects for companies and governments. The Company divides its business into four business lines: Infrastructure, which encompasses services for transportations, land development, energy and mining; Water, focused on water planning, wastewater and water management and consulting services; Environment, focused on activities that protect the environment and enhance sustainability, and Buildings, related to homebuilding as well as commercial and industrial buildings and facilities construction. Additionally, it works in partnership with UN-HABITAT, the United Nations agency for human settlements. Advisors' Opinion:- [By Sofia Horta e Costa]
Companies like Expedia Inc. (EXPE), which provides online travel booking services, and Arcadis NV (ARCAD), a Dutch designer of bridges and dikes, are likely to increase profit at a faster pace than larger firms during an improving economy, Duret said. Smaller companies are also less leveraged, with U.S. mid-caps holding 46 percent less debt per share than firms listed on the S&P 500, data compiled by Bloomberg show.
Top 10 Logistics Companies To Watch For 2014: American Residential Properties Inc (ARPI)
American Residential Properties, Inc., incorporated on March 30, 2012, is a fully integrated and internally managed real estate investment company, which is organized as a real estate investment trust. The Company acquires, renovates, leases and manages single-family properties in select communities nationally. The Company is operating in ten states. American Residential Properties OP, L.P. acts as its operating partnership. American Residential GP, LLC is the wholly owned subsidiary of the Company and the sole general partner of its operating partnership. American Residential Leasing Company, LLC is a wholly owned subsidiary of its operating partnership. American Residential Properties TRS, LLC (TRS), that is a wholly owned subsidiary of its operating partnership. As of March 31, 2013, it owned 2,531 properties in Arizona, California, Florida, Georgia, Illinois, Indiana, Nevada, North Carolina, South Carolina and Texas , and it managed an additional 608 properties for Phoenix Fund in Arizona and Nevada. For the period from April 1, 2013 to April 12, 2013, the Company acquired or have contracted to acquire 785 single-family homes, of which 43 homes are in Arizona, four homes are in California, 66 homes are in Florida, 25 homes are in Georgia, 35 homes are in Illinois, 114 homes are in Indiana, 214 homes are in North Carolina, nine homes are in South Carolina and 275 homes are in Texas.
In addition to the Company�� primary business strategy of acquiring, restoring, leasing and managing single-family homes, it has a private mortgage financing strategy. As of March 31, 2013, the Company�� total portfolio of single family homes included 1,045 homes in phoenix, 304 homes in Chicago, 209 homes in Inland Empire, 136 homes in Winston-Salem, 265 homes in Indianapolis, 78 homes in Dallas-Fort Worth, 169 homes in Atlanta, 82 homes in other-California, 63 homes in Las Vegas, 138 homes in Fort Myers, 24 homes in Houston, 6 homes in Raleigh-Cary, 11 homes in Charlotte and one home in Charleston. As! of March 31, 2013, the Company�� portfolio of self-managed single-family homes included 1,521 homes. As of March 31, 2013, the Company�� portfolio of preferred operator program single-family homes included 1,010 homes.
Advisors' Opinion:- [By Amanda Alix]
This spring, however, signs of a slowdown began to appear. The number of distressed properties began to diminish, prices began ticking upward, and interest rates started a slow rise. However, two snippets of good news may help float the boats of private equity firm Blackstone Group (NYSE: BX ) , and single-family REITs Silver Bay (NYSE: SBY ) and American Residential Properties (NYSE: ARPI ) : easier credit, and higher foreclosure rates.
- [By Mark Holder]
After an initial bump in Silver Bay, the stock has had a horrible 2013, now trading close to all-time lows. Recently, a couple of other IPOs in the sector have come to market with weak receptions. Both American Homes 4 Rent (NYSE: AMH ) and American Residential Properties (NYSE: ARPI ) offer different twists to the general thesis of investing in single-family rental properties to take advantage of the weakness in housing prices and the increased demand for rentals.
Top 10 Logistics Companies To Watch For 2014: Hercules Offshore Inc.(HERO)
Hercules Offshore, Inc., together with its subsidiaries, provides shallow-water drilling and marine services to the oil and natural gas exploration and production industry in the U.S. Gulf of Mexico and internationally. Its services comprise oil and gas exploration and development drilling, well services, platform inspection, and maintenance and decommissioning services in various water provinces. As of May 10, 2011, the company owned and operated a fleet of 50 jackup rigs, 17 barge rigs, 65 liftboats, 3 submersible rigs, and 1 platform rig. It serves national oil and gas companies, integrated energy companies, and independent oil and natural gas operators. The company was founded in 2004 and is headquartered in Houston, Texas.
Advisors' Opinion:- [By Matt DiLallo]
A Herculean disaster averted in the Gulf
Just this past week, a blowout occurred on a Hercules (NASDAQ: HERO ) -owned rig operating in the shallow waters of the Gulf of Mexico. Natural gas leaking from a well off the coast of Louisiana caught fire and spread to the Hercules rig. Fortunately, all 48 personnel in the rig were safely evacuated. However, the incident underscores the risks of drilling offshore. It could have been a lot worse, as no one was hurt, and this is a natural gas well so the environmental threats are far less than if it were an oil well. While the well is not yet under control, Hercules investors appear to have caught a break, which is why stock was down only about 4% on the week.� - [By Travis Hoium]
Hercules Offshore (NASDAQ: HERO ) is one of only a few companies left that focuses on shallow water drilling. But even now it's moving away from onshore shallow water by selling rigs that have little use to the company. This is a good move right now but does it make Hercules a top drilling stock? Fool.com contributor Travis Hoium took a look at Hercules' recent $45 million asset sale and discovered that there are still better drilling buys out there.�
- [By Taylor Muckerman and Joel South]
On an island by itself
Within the offshore market, Hercules Offshore (NASDAQ: HERO ) has isolated itself as a jack-up rig specialist. Even more specialized is the fact that 29 of its 38 rigs are currently drilling for fossil fuels in the Gulf Coast region. While many companies left the area after the Macondo incident, Hero decided to stick around and many expect this diligence to payoff. Tomorrow's release will certainly go a long way toward proving this optimistic group right or wrong.
Top 10 Logistics Companies To Watch For 2014: Ixia(XXIA)
Ixia supplies converged network and application performance testing solutions in the United States and internationally. It designs and validates a range of Internet protocol (IP) and third generation/long-term evolution networking equipment. The company?s solutions generate realistic traffic to stress routers, switches, and converged network appliances. It provides converged IP test systems and services for wireless and wired infrastructures and services. Ixia serves network equipment manufacturers, service providers, enterprises, and government agencies. The company was founded in 1997 and is headquartered in Calabasas, California.
Advisors' Opinion:- [By Garrett Cook]
Ixia (NASDAQ: XXIA) shares tumbled 1.68 percent to $11.67 after the company reported its Q4 earnings of $0.15 per share on revenue of $120.60 million. Ixia now expected Q1 sales of $109.0 million to $113.0 million.
- [By Garrett Cook]
Ixia (NASDAQ: XXIA) shares lost 2.36 percent to $11.59 after the company reported its Q4 earnings of $0.15 per share on revenue of $120.60 million. Ixia now expected Q1 sales of $109.0 million to $113.0 million.
Top 10 Logistics Companies To Watch For 2014: ProShares Short FTSE Xinhua China 25 (YXI)
ProShares Short FTSE China 25 (the Fund) is an exchange-traded fund. The Fund seeks daily investment results that correspond to the inverse (opposite) of the daily performance of the FTSE/Xinhua China 25 Index (the Index). The Index consists of 25 of the largest and most liquid Chinese stocks listed on the Hong Kong Stock Exchange. This free float adjusted Index caps the weight of any of constituent stock at 10% to ensure broad representation of the Chinese economy. The Fund seeks investment results for a single day only, not for longer periods. The Index is compiled and calculated by FTSE International Limited (FTSE) on behalf of FTSE/Xinhua Index Limited (FXI). The Fund will typically concentrate its investments in issuers of one or more particular industries to the same extent that its underlying Index is so concentrated. The Fund�� investment advisor is ProShare Advisors LLC. Advisors' Opinion:- [By pamatlarge]
Three short ETFs are designed to profit from China�� economic downward slide. The ProShares Short FTSE China 25 (YXI), an unleveraged ETF, holds shares in iShares FTSE China Large-Cap (FXI) swaps. Investors looking to magnify their returns can choose from two leveraged short ETFs: ProShares Ultra Short FTSE China 25 (FXP) and Direxion Daily China Bear 3x Shares (YANG). Both ProShares Ultra Short and Direxion Daily hold shares that increase in value three times faster than an unleveraged ETF. The downside is that the per share price of these leveraged ETFs also drops three times faster.
Top 10 Logistics Companies To Watch For 2014: Ellie Mae Inc (ELLI)
Ellie Mae, Inc., incorporated October 14, 2007, is a provider of on-demand automation solutions for the mortgage industry. The Company offers an end-to-end solution, delivered using a Software-as-a-Service model that serves as the core operating system for mortgage originators and spans customer relationship management, loan origination and business management. It also hosts the Ellie Mae Network that allows Encompass users to electronically conduct business transactions with the lenders and settlement service providers they work with to process and fund loans. The Company's offerings include range of Encompass services and the DataTrac mortgage management software system. On August 15, 2011, it completed the acquisition of Del Mar Datatrac,Inc. (DMD).
Using the Company�� network technology, it has helped connect a fragmented world of mortgage bankers, mortgage brokers, community banks, credit unions, lenders, investors and service providers, all of which are integral to the origination and funding of residential mortgages. Its Encompass360 solutions include Encompass Product & Pricing Service; Ellie Mae Total Quality Loan Program; Encompass Compliance Service; Encompass Appraisal Service; Encompass CenterWise; Encompass Commissions; Encompass TPO WebCenter and Encompass Docs Solution.
Ellie Mae�� Total Quality Loan program helps in identifying compliance, income and fraud issues early in the origination process; help protect business from loan buy-backs, and fortify workflow and uncover and correct possible issues before you close the loan.Encompass Appraisal Service, integrated inside Encompass360, is that solution helps in completing order right from the loan file in Encompass360; import complete appraisal reports directly into eFolder, and customize appraisal workflow by type of loan and control, which its users can order appraisals. Its Encompass CenterWise wraps two essential Web and electronic document solutions into one unified package. Encompass Commissions is a ! commission management solution integrated inside Encompass360 that automates the calculation, reconciliation and communication of variable pay across your organization. Hosted Encompass360 Banker Edition users can connect directly with third-party originators (TPOs) without leaving Encompass360, and have them connect back in a secure, synchronized, and easy-to-use Web-based environment. Encompass Docs Solution provides a single, integrated application incorporating both initial disclosures and closing documents.
Advisors' Opinion:- [By Jake L'Ecuyer]
Equities Trading DOWN
Shares of Ellie Mae (NYSE: ELLI) were down 18.58 percent to $23.53 after the company reported a weaker-than-expected Q3 profit. Ellie Mae also signed a definitive agreement to buy MortgageCEO. - [By Simon Erickson]
Rule Breakers analyst Simon Erickson believes Ellie Mae (NYSE: ELLI ) , an innovator in the mortgage industry, could be in a perfect place to capitalize on the situation. In the video below, he presents three reasons he thinks the stock is a buy today.
- [By Roberto Pedone]
Ellie Mae (ELLI), an electronic mortgage origination network in the U.S, closed up 16% at $28 in Friday's trading session.
Friday's Volume: 2.17 million
Three-Month Average Volume: 468,756
Volume % Change: 372%Shares of ELLI skyrocketed higher on Friday after the company reported a profit and met Wall Street's expectations and beat the revenue expectation.
From a technical perspective, ELLI soared higher here right above both its 50-day moving average of $23.64 and its 200-day moving average of $23.71 with heavy upside volume. This move sent shares of ELLI into breakout territory, since the stock took out some key overhead resistance levels at $25.39 to $25.75 and then above more resistance at $26.34. This move also pushed shares of ELLI into new 52-week high territory, which is bullish technical price action. Shares of ELLI are now starting to move within range of triggering another major breakout trade. That trade will hit if ELLI manages to take out Friday's high of $28.100 and then once it clears its three-year high at $30.59 with high volume.
Traders should now look for long-biased trades in ELLI as long as it's trending above those breakout levels of $26.34 to $25.75 and then once it sustains a move or close above those breakout levels with volume that's near or above 468,756 shares. If that breakout triggers soon, then ELLI will set up to enter new 52-week- and three-year-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $35 to $40.
- [By Seth Jayson]
Calling all cash flows
When you are trying to buy the market's best stocks, it's worth checking up on your companies' free cash flow once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That's what we do with this series. Today, we're checking in on Ellie Mae (NYSE: ELLI ) , whose recent revenue and earnings are plotted below.
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