If there's such a thing as a wave of indifference and indecisiveness, JPMorgan Chase (NYSE: JPM ) is riding it this morning. An hour into trading, shares are down by 0.19%, along with shares in Citigroup�and Bank of America, while Wells Fargo is trading in the green.
The markets can't make up their mind which direction to head either. JPMorgan got some unsettling news on Thursday, which could be adding to the stock's general malaise today.
Talk about toxic debt
Last Thursday, The New York Times reported that JPMorgan could lose $1.6 billion in a deal involving a bankrupt county in Alabama. Terms of the settlement were announced on Wednesday. The losses revolve around a deal to finance repairs of the county's failing sewer system. The county declared bankruptcy in 2011.
Top 10 Wireless Telecom Companies To Buy Right Now: Northwest Natural Gas Company(NWN)
Northwest Natural Gas Company stores and distributes natural gas primarily in Oregon, Washington, and California. The company operates in two segments, Local Gas Distribution and Gas Storage. The Local Gas Distribution segment distributes natural gas in Oregon and southwest Washington. The Local Gas Distribution segment distributes natural gas in Oregon and southwest Washington. This segment engages in building and maintaining pipeline distribution system, purchasing gas from producers and marketers, contracting for the transportation of gas over pipelines from the supply basins to service territory, and reselling the gas to customers. It also transports gas owned by customers from the interstate pipeline connection, or city gate, to the customers? facilities. This segment serves various industries, including pulp, paper, and other forest products; companies manufacturing electronic, electrochemical, and electrometallurgical products; companies engaged in processing of fa rm and food products; metal fabrication and casting companies; organizations that produce various mineral products, machine tools, machinery, and textiles; companies that manufacture asphalt, concrete, and rubber; printing and publishing companies; nurseries; government and educational institutions; and electric generation companies. It has approximately 674,000 utility customers comprising approximately 611,000 residential, 62,000 commercial, and 1,000 industrial customers. The Gas Storage segment offers underground natural gas storage services to interstate and intrastate customers. It holds interests in approximately 9,900 net acres of underground natural gas storage in Oregon and approximately 5,000 net acres of underground natural gas storage in California. This segment serves primarily natural gas distribution, electric generation, and energy marketing companies. The company was founded in 1910 and is headquartered in Portland, Oregon.
Top 10 Wireless Telecom Companies To Buy Right Now: eLong Inc.(LONG)
eLong, Inc. operates as an online travel service provider in the People?s Republic of China. The company provides its customers with travel information and the ability to book rooms, air tickets, vacation packages, and other travel related services utilizing call center and Web-based distribution technologies. It facilitates the customers to book rooms in approximately 10,000 hotels in 450 cities across China, and fulfills air ticket reservations in approximately 80 cities across China. In addition, the company offers the ability to book rooms at approximately 100,000 hotels outside of China; and provides the customers informative content relevant to hotel and air travel decisions, including tourist and event site destination information, hotel facility information, and photos. eLong markets its services through online marketing, traditional media advertising, co-marketing with established brands of other companies, and direct marketing. The company was founded in 1999 and is headquartered in Beijing, the People?s Republic of China. eLong, Inc. operates as a subsidiary of Expedia Asia Pacific Limited.
Advisors' Opinion:- [By cnAnalyst]
eLong, Inc. (ADR) (NASDAQ:LONG) is the 10th best-performing stock last month in this segment of the market. It was up 62.09% for the past month. Its price percentage change was 17.47% year-to-date.
Top 10 Dividend Stocks To Buy Right Now: First California Financial Group Inc.(FCAL)
First California Financial Group, Inc. operates as the holding company for First California Bank, which provides commercial banking services to individuals, professionals, and small- to mid-sized business in California. Its deposit products comprise non-interest bearing checking, interest checking, savings accounts, time deposits, and money market accounts. The company?s loan portfolio includes revolving lines of credit, term loans, commercial real estate loans, construction loans, consumer and home equity loans, entertainment finance, and small business administration loans. As of March 18, 2010, it operated through 17 full-service branches in Los Angeles, Orange, Riverside, San Bernardino, San Diego, and Ventura counties. The company was founded in 1981 and is headquartered in Westlake Village, California.
Top 10 Wireless Telecom Companies To Buy Right Now: Virtutone Networks Inc (VFX.V)
Virtutone Networks Inc. provides voice over Internet protocol (VoIP), fax over Internet protocol (FOIP), and related phone services to business and residential customers in North America, Australia, and the United Kingdom. The company offers various products and services, including managed voice lines, managed fax lines, hosted PBX systems, analog phone lines, calling cards, hosted exchange and BEZ solutions, wholesale VoIP, Internet, and analog line management. It also provides hardware, including IP phones, wireless conference phones, phone adapter with router, 8-port IP telephony gateway, and fax/voice adapters. The company serves oil and gas exploration companies, forestry and fire fighting departments, and other businesses/organizations. Virtutone Networks Inc. is headquartered in Sherwood Park, Canada.
Top 10 Wireless Telecom Companies To Buy Right Now: Diamcor Mining Inc (DMI.V)
Diamcor Mining Inc., a junior mining and exploration company, engages in the identification, acquisition, exploration, evaluation, operation, and development of diamond-based resource properties in South Africa. The company focuses on the acquisition and operation of near-term production based diamond projects; and the supply of rough diamonds to diamond purchasing entities serving the diamond market. It holds interests in the Krone-Endora at Venetia project that consists of Krone 104MS and Endora 66MS farms covering a combined surface area of approximately 5,888 hectares directly adjacent to De Beer�s flagship Venetia Diamond Mine in South Africa; and owns certain land and mining rights in the So Ver mine facility located near Kimberley, South Africa. Diamcor Mining Inc. has a strategic alliance with Tiffany & Co. The company is based in Kelowna, Canada.
Top 10 Wireless Telecom Companies To Buy Right Now: Capitaland Limited (C31.SI)
CapitaLand Limited, an investment holding company, engages in the real estate development, investment in real estate financial products and real estate assets, and management of serviced residences, as well as provision of advisory and management services. Its real estate and hospitality portfolio includes homes, offices, shopping malls, serviced residences, and mixed developments. The company is involved in the development and sale of residential properties; residential, commercial, and integrated property development; ownership and management of commercial and industrial properties; management of real estate funds and real estate investment trusts; and provision of financial advisory services. CapitaLand Limited operates primarily in Singapore, China, Australia, Europe, and other Asian countries. The company is headquartered in Singapore.
Top 10 Wireless Telecom Companies To Buy Right Now: Argonaut Exploration Inc (AGA.V)
Argonaut Exploration Inc., a junior mineral exploration company, engages in the acquisition, exploration, and development of mineral properties in Canada. It primarily explores for gold, silver, copper, molybdenum, lead, and zinc deposits. The company holds a 100% interest in the Terrace property comprising 75 mineral claims located in north-western British Columbia; the Columario Gold property consisting of 31 mineral tenures covering an area of approximately 2,230 hectares located in the Terrace area of British Columbia; and the High Gold property covering an area of approximately 7,832.4 hectares located in Hidden Valley Area, British Columbia. It also holds a 100% interest in the Lucky Luke and Cordillera gold mines located in British Columbia. Argonaut Exploration Inc. is headquartered in Calgary, Canada.
Top 10 Wireless Telecom Companies To Buy Right Now: Unilever(ULVR.L)
Unilever PLC operates as a fast-moving consumer goods company in Asia, Africa, Europe, and the Americas. It offers personal care products, including skin care and hair care products, deodorants, and oral care products under the brand names of Axe, Brylcreem, Dove, Fissan, Lifebuoy, Lux, Pond's, Radox, Rexona, Signal & Close Up, Simple, St Ives, Sunsilk, TRESemm� Vaseline, and VO5. The company also provides home care products comprising laundry tablets, powders and liquids, soap bars, and a range of cleaning products under the Cif, Comfort, Domestos, Omo, Radiant, Sunlight, and Surf brand names. In addition, it offers food products consisting of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads, as well as cooking products, such as liquid margarines. The company markets its food products under the brand names of Becel/Flora, Bertolli, Blue Band, Rama, Hellmann?s, Amora, and Knorr. Further, it provides refreshment products, which includ e ice cream, tea-based beverages, weight-management products, and nutritionally enhanced staples under the brand names of Heartbrand, Lipton, and Slim Fast. Unilever sells its products through its own sales force, as well as through independent brokers, agents, and distributors to chain, wholesale, co-operative and independent grocery accounts, food service distributors, and institutions. The company, formerly known as Lever Brothers Limited, was founded in 1885 and is based in London, the United Kingdom. Unilever PLC is a subsidiary of The Unilever Group.
Top 10 Wireless Telecom Companies To Buy Right Now: Cooper Tire & Rubber Company(CTB)
Cooper Tire & Rubber Company, together with its subsidiaries, manufactures and markets replacement tires in North America and internationally. It operates in two segments, North American Tire Operations and International Tire Operations. The North American Tire Operations segment produces and distributes passenger car and light truck tires, as well as tires for racing, medium trucks, and motorcycles to independent tire dealers, wholesale distributors, regional and national retail tire chains, and other large automotive product retail chains. This segment sells its products through three own retail stores. The International Tire Operations segment manufactures and markets passenger car, light truck, motorcycle, light vehicle tires, radial and bias medium truck tires, and racing tires and tire retread material to markets worldwide. The company was founded in 1913 and is based in Findlay, Ohio.
Advisors' Opinion:- [By Zacks]
Cooper Tire & Rubber Company (CTB) reversed a year-ago loss with first-quarter earnings of 33 cents. The result also bettered the consensus by as much as 312%. Total sales moved forward 16% to $689 million, versus $597 million in the first quarter of 2006. Cooper Tire & Rubber said it continued to benefit from the cost reduction and profit improvement initiatives announced last September. Furthermore, it was helped by improved price and mix in North America, and increased tire unit sales in Europe and Asia.
Shares of the company gained 12% last week, making it one of the top-performing Zacks #1 Rank companies. It also reached a 52-week high on the day of its report. Looking forward, Cooper Tire & Rubber expects to build on the momentum of the first quarter, as conditions and opportunities suggest a strong 2007. Over the past seven days, earnings estimates for this year have moved forward approximately 25% to 98 cents.
Top 10 Wireless Telecom Companies To Buy Right Now: Teekay Corporation(TK)
Teekay Corporation engages in the marine transportation of crude oil and gas in Bermuda and internationally. Its Shuttle Tanker and FSO segment operates shuttle tankers, and floating storage and off-take (FSO) units for offloading and transportation of cargo from oil field installations to onshore terminals; and provides floating storage services for oil field installations. The company?s FPSO segment provides floating production, processing, and storage services through floating production, storage, and offloading (FPSO) units. Its Liquefied Gas segment comprises liquefied natural gas (LNG) and liquefied petroleum gas carriers. The company?s Conventional Tanker segment operates conventional crude oil and product tankers that are employed on long-term fixed-rate time-charter contracts. As of December 31, 2010, its fleet consisted of 151 vessels, including 11 vessels under construction. The company serves energy and utility companies, oil traders, oil and LNG consumers, p etroleum product producers, government agencies, and various other entities that depend upon marine transportation. Teekay Corporation was founded in 1973 and is headquartered in Vancouver, Canada.
No comments:
Post a Comment