Recently, there's been nothing but bad news coming from the big banks and governments of Europe and China, and unfortunately, writes MoneyShow's Jim Jubak, also of Jubak's Picks, even more bad news might be on the way.
Bad bank loans everywhere.
Well, at least everywhere in Europe and China.
If this coincidence doesn't get your attention, what will?
On Wednesday, October 30, China's big state-owned banks reported, as expected, huge increases in bad loans. For example, Industrial and Commercial Bank ((IDCBY) in New York or (HK:1398) in Hong Kong), the world's biggest bank by market capitalization, reported that, in the third quarter, bad loans increased at an annualized 30% rate. At some of the country's big banks-and this is a really worrying development-bad loans rose faster than reserves for bad loans. At the Bank of Communications ((BKFCF) in New York or (HK:3328) in Hong Kong) for example, the non-performing loan ratio climbed to 1.01% from 0.92% at the beginning of 2013, but provisions for bad loans fell 33 percentage points to 217.5%. The Bank of Communications is China's fifth largest bank.
Top 5 Shipping Stocks To Buy Right Now: Wilshire Bancorp Inc.(WIBC)
Wilshire Bancorp, Inc. operates as the holding company for Wilshire State Bank that offers a range of financial products and services. It accepts various deposit products that include certificates of deposit, regular savings accounts, money market accounts, checking and negotiable order of withdrawal accounts, installment savings accounts, and individual retirement accounts. The company?s loan portfolio comprises commercial real estate and home mortgage loans, commercial business lending and trade finance, and small business administration lending, as well as consumer loans, including personal loans, auto loans, and other loans. It also provides trade finance services that include issuance and negotiation of letters of credit, handling of documentary collections, advising and negotiation of commercial letters of credit, transfer and issuance of back-to-back letters of credit, and trade finance lines of credit. In addition, the company offers Internet banking services, auto matic teller machines, and armored carrier services. It has 24 full-service branch offices in Southern California, Texas, New Jersey, and the greater New York City metropolitan area; and 6 loan production offices in Colorado, Georgia, Texas, New Jersey, and Virginia. The company was founded in 1980 and is headquartered in Los Angeles, California.
Advisors' Opinion:- [By Rich Smith]
Los Angeles-based Wilshire Bancorp (NASDAQ: WIBC ) is acquiring some Korean banking customers... in New Jersey.
On Monday, Wilshire announced that it has signed a definitive agreement to acquire�New Jersey's BankAsiana, a commercial bank�with three branches serving the Korean-American community in the New York/New Jersey market, boasting total assets of $207.3 million, total net loans of $161.2 million, and total deposits of $164.6 million.
- [By Marc Bastow]
Los-Angeles, California-based bank holding company Wilshire Bancorp (WIBC) raised its quarterly dividend 67% to 5 cents per share, payable April 15 to shareholders of record as of March 31.
WIBC Dividend Yield: 1.77%
Top Performing Companies To Invest In 2014: CF Industries Holdings Inc. (CF)
CF Industries Holdings, Inc., through its subsidiary, CF Industries, Inc., manufactures and distributes nitrogen and phosphate fertilizer products, serving agricultural and industrial customers worldwide. It operates in two segments, Nitrogen and Phosphate. The Nitrogen segment principally offers ammonia, granular urea, urea ammonium nitrate solution, urea liquor, diesel exhaust fluid, and aqua ammonia. The Phosphate segment primarily offers diammonium phosphate and monoammonium phosphate. The company also owns 50% interests in the GrowHow UK Limited, a nitrogen products producer in the United Kingdom; Point Lisas Nitrogen Limited, an ammonia producer; and KEYTRADE AG, a global fertilizer trading company. CF Industries Holdings� customers include cooperatives and independent fertilizer distributors primarily in the midwestern United States. The company was founded in 1946 and is headquartered in Deerfield, Illinois.
Advisors' Opinion:- [By Charles Mizrahi]
One of the stocks in our portfolio is CF Industries (CF) ��one of the leading producers and distributors of nitrogen and phosphate fertilizers. Phosphate is essential for seed production, root growth, stalk strength, and other important plant functions. Potash improves water retention, yield, nutrient value, taste, color, texture and disease resistance of food crops.
- [By Johanna Bennett]
CF Industries (CF) rose 10.7% to $237 after the fertilizer maker said its evaluating its dividend payment.
General Motors (GM) rose 1.54% to $38.71 on news that hedge fund Hayman Capital has taken a stake in the automobile maker and says the stock could rise more than 40% in the next 12 to 18 months after the U.S. Treasury sells its stake in the company.
Top Performing Companies To Invest In 2014: TGC Industries Inc.(TGE)
TGC Industries, Inc. provides geophysical services for clients in the oil and gas business in the United States and Canada. It conducts three-D surveys and seismic data acquisition services primarily to onshore oil and natural gas exploration and development companies for use in the onshore drilling and production of oil and natural gas. The company also owns a data bank that contains gravity data and magnetic data from oil and natural gas producing areas located in the United States. It operates 8 seismic crews in the lower 48 states in the United States, as well as 2 crews in Canada. The company was formerly known as Tidelands Geophysical Co., Inc. and changed its name to TGC Industries, Inc. in July 1986. TGC Industries, Inc. was founded in 1967 and is headquartered in Plano, Texas.
Advisors' Opinion:- [By Lisa Levin]
TGC Industries (NASDAQ: TGE) shares reached a new 52-week low of $5.55. TGC Industries is expected to release its Q1 financial results on April 28, 2014.
- [By Roberto Pedone]
TGC Industries (TGE) provides geophysical services to companies in the oil and gas industry in the U.S. and Canada. This stock closed up 1.8% to $3.86 in Tuesday's trading session.
Tuesday's Range: $3.76-$3.89
52-Week Range: $3.69-$8.53
Tuesday's Volume: 382,000
Three-Month Average Volume: 114,667From a technical perspective, TGE jumped modestly higher here right above some near-term support at $3.69 with above-average volume flows. This stock recently formed a double bottom chart pattern at $3.72 to $3.69. Following that bottom, shares of TGE have now started to spike higher and it's quickly moving within range of triggering a big breakout trade. That trade will hit if TGE manages to take out some key near-term overhead resistance levels at $3.95 to $4 with high volume.
Traders should now look for long-biased trades in TGE as long as it's trending above those double bottom support levels and then once it sustains a move or close above those breakout levels with volume that hits near or above 114,667 shares. If that breakout triggers soon, then TGE will set up to re-test or possibly take out its next major overhead resistance levels at $4.25 to its 50-day moving average of $4.52, or even $4.75 to $5.
Top Performing Companies To Invest In 2014: Windstream Corporation(WIN)
Windstream Corporation provides communications and technology solutions in the United States. The company offers various solutions, including IP-based voice and data services, multiprotocol label switching (MPLS) networking, data center and managed services, hosting services, and communications systems to businesses and government agencies. It also provides high-speed Internet, voice, and digital television services to residential customers primarily located in rural areas. The company?s data services include data center and managed hosting, MPLS networking, and dedicated access, as well as high-speed Internet to business customers; integrated solutions consist of multiple voice and data services delivered over an IP connection; voice services comprise local and long distance, call waiting, caller identification, and voicemail; and special access services include point-to-point switching arrangements for voice and data traffic. In addition, it provides wholesale services, which primarily include voice and data services on a wholesale basis to other carriers; usage sensitive services to long distance companies; and other local exchange carriers for access to the network in connection with the completion of long-distance calls, as well as reciprocal compensation received from wireless and other local connecting carriers for the use of its facilities. As of June 30, 2011, the company served approximately 3.3 million access lines, 1.3 million high-speed Internet customers, and operated approximately 60,000 fiber route miles. Windstream Corporation is based in Little Rock, Arkansas.
Advisors' Opinion:- [By Anders Bylund]
Windstream Holdings (NASDAQ: WIN ) reported second-quarter results on Thursday morning. The regional telecom and business-focused data services specialist saw sales fall 2% year over year, landing at $1.47 billion. Windstream grew its list of enterprise customers by 3%, while all other divisions reported annual subscriber shrinkage.
- [By Anders Bylund]
So even after all the hacking and slashing, France Telecom's yield is orders of magnitude richer than American contemporaries AT&T (NYSE: T ) and Verizon (NYSE: VZ ) . It's fully comparable to the high-yield payouts of rural American telecoms such as CenturyLink (NYSE: CTL ) and Windstream (NASDAQ: WIN ) , but with the added bonus of growth plans in emerging markets. The French stock strikes a unique balance between generous yields, large-scale operations, and vibrant growth plans.
- [By David Dittman]
Question: Is Windstream Holdings (NYSE: WIN) going to continue its dividend?
Answer: Windstream is trading near a four-year low as I type. Management has stuck to the current dividend rate, noting that it’s a big part of the investment case for the stock.
Top Performing Companies To Invest In 2014: Fuel Tech Inc.(FTEK)
Fuel Tech, Inc. uses a suite of advanced technologies to provide boiler optimization, efficiency improvement, and air pollution reduction and control solutions to utility and industrial customers worldwide. It operates through two segments, Air Pollution Control Technologies and FUEL CHEM Technologies. The Air Pollution Control Technologies segment includes technologies, such as low and ultra low NOx Burners, over-fire air systems, NOxOUT and HERT selective non-catalytic reduction systems, and advanced selective catalytic reduction systems to reduce NOx emissions in flue gas from boilers, incinerators, furnaces, and other stationary combustion sources. This segment distributes its products through direct sales force and agents. The FUEL CHEM Technologies segment uses chemical processes in combination with advanced computational fluid dynamics and chemical kinetics modeling boiler modeling for the control of slagging, fouling, corrosion, opacity, and other sulfur trioxide-r elated issues in furnaces and boilers through the addition of chemicals into the furnace using Targeted In-Furnace Injection technology. This segment?s programs improve the efficiency, reliability, and environmental status of plants operating in the electric utility, industrial, pulp and paper, waste-to-energy, university, and district heating markets; and are installed on combustion units in North America, Europe, China, and India for treating various solid and liquid fuels, including coal, heavy oil, biomass, and municipal waste. It provides operational, financial, and environmental benefits to owners of boilers, furnaces, and other combustion units. The company was founded in 1987 and is headquartered in Warrenville, Illinois.
Advisors' Opinion:- [By Wallace Witkowski]
Shares of Fuel Tech Inc. (FTEK) �fell 15% to $5.86 on moderate volume. The air-pollution control technology company reported fourth-quarter earnings of 2 cents a share on revenue of $24.2 million. Only two analysts on FactSet estimated earnings averaging at 7 cents a share, while only one expected revenue of $28 million.
Top Performing Companies To Invest In 2014: Aware Inc.(AWRE)
Aware, Inc. supplies various products for the biometrics and digital subscriber line (DSL) service assurance industries primarily in the United States and Germany. It provides biometrics software products, including software development kits (SDKs); BioComponents; biometrics services platform to build and deploy server-based biometric data processing and workflow solutions; universal registration client that performs various biometric data capture, analysis, matching, formatting, and hardware abstraction functions; URC Mobile for performing biometric enrollment, identification, and screening on mobile biometric devices; FormScannerSE and FormScannerMB for scanning and processing of inked fingerprint cards; Forensic Workbench for the categorization, processing, and standards-compliant formatting of biometric images and demographic data; and WebEnroll for browser-based enrollment of biographic data, fingerprints, and facial images. The company also offers medical imaging pro ducts comprising AccuRad ImageShare server that provides viewing of medical images; AccuRad REM server, which collects radiation exposure estimation data, and then stores and analyzes the data to calculate exposure information; and AccuRad SDKs. In addition, it offers advanced imaging products, such as ArchivePack to store and distribute digital imagery; JPEG 2000 image compression software; and SeisPact for the storage and satellite transmission of seismic data from ships. Further, the company provides DSL service assurance products consisting of DSL diagnostics and management software; and DSL test modules for integration into DSL testhead and test set equipment. Additionally, it sells and/or licenses patents that are related to communications, signal processing, and compression technologies. The company serves governments and corporate customers through systems integrator, OEM, and direct sales channels. Aware, Inc. was founded in 1986 and is headquartered in Bedford, Mas sachusetts.
Advisors' Opinion:- [By Garrett Cook]
In trading on Friday, technology shares were relative leaders, up on the day by about 0.31 percent. Top gainers in the sector included Aware (NASDAQ: AWRE), up 15.4 percent, and Progress Software (NASDAQ: PRGS), up 7.7 percent.
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