Best Bank Stocks To Invest In Right Now


Welcome to Thursday, Asia. Here’s news from Bloomberg Economics to help get your day started:

End of beginning? Japan’s super-tight labor market is finally starting to produce the kind of pay raises that should help growth and spur inflationU.S. lawmakers pressed Chinese President Xi Jinping’s top economic adviser to stop unfair trading practices, while retailers warned Americans will pay more if President Trump follows through on protectionism. The Peterson Institute reckons U.S. tariffs won’t hurt Chinese firms directly Done its dash? St. Louis Fed chief James Bullard says setting out an interest-rate hike path without knowing what the data will show is something the central bank should stop doing. Incoming New York chief John Williams also riffed on the dot plot and said it’s almost time for the Fed to stop holding the market’s handSocGen reckons the U.S. could face a recession in late 2019 or early 2020In Malaysia, a lack of policy clarity following Mahathir Mohamad’s shock election victory is clouding the outlook for the economyBank of England No. 2 Ben Broadbent was forced to apologize after describing the U.K. economy as “menopausal.” Meantime, former Indian central bank chief Raghuram Rajan said he doesn’t plan to apply for the BOE governor’s job when Mark Carney’s term endsReal surprise. Brazil unexpectedly held rates, citing an emerging market rout for cutting short its most aggressive easing cycle in a decadeNext door, President Mauricio Macri pledged to cut the fiscal deficit faster as part of an IMF agreement. Here’s how Argentina wound up with interest rates at 40%Expanded list: The U.S. sanctioned Hezbollah leader Hassan Nasrallah for destabilizing actions in the Middle East, having earlier targeted the Iranian central bank chief. Up north, Russian lawmakers plan to make it illegal to implement sanctions on Russians

Best Bank Stocks To Invest In Right Now: Kimco Realty Corporation(KIM)


Advisors’ Opinion:

  • [By Max Byerly]

    Glen Harbor Capital Management LLC lifted its stake in shares of Kimco Realty Corp (NYSE:KIM) by 90.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 411,432 shares of the real estate investment trust’s stock after purchasing an additional 195,412 shares during the quarter. Glen Harbor Capital Management LLC’s holdings in Kimco Realty were worth $6,990,000 as of its most recent filing with the Securities and Exchange Commission.

  • [By Chuck Saletta]

    With that background, there’s no wonder the market is worried about Kimco Realty (NYSE:KIM), a real estate investment trust with a heavy concentration of grocery stores. Fully 75% of Kimco Realty’s base rent comes from real estate anchored by grocery retailers. In an era where even grocery trips are under assault from online competition, it’s only fair that the market is questioning whether there’s value left in the bricks and mortar that make up those stores.

  • [By Reuben Gregg Brewer]

    Real estate investment trust (REIT) Kimco Realty (NYSE:KIM) owns retail properties. With the retail industry in a state of flux, often referred to with the hyperbolic term “the retail apocalypse,” investors haven’t been too keen on the company’s shares of late. In fact, the shares are 45% off of the highs reached in mid-2016, and the yield is over 6%, higher than it has been since 2011 despite annual dividend hikes since that date. For those who can see past the retail apocalypse hype, though, Kimco is worth a deep dive.

Best Bank Stocks To Invest In Right Now: Bassett Furniture Industries Incorporated(BSET)


Advisors’ Opinion:

  • [By Logan Wallace]

    Headlines about Bassett Furniture Industries (NASDAQ:BSET) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Bassett Furniture Industries earned a news impact score of 0.08 on Accern’s scale. Accern also gave news coverage about the company an impact score of 46.0883846805754 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Best Bank Stocks To Invest In Right Now: Pain Therapeutics(PTIE)


Advisors’ Opinion:

  • [By Brian Orelli]

    DURECT Corp. (NASDAQ:DRRX) is down 9.2% at 12:45 p.m. EDT after the U.S. Food and Drug Administration’s advisory committee voted 14 to 3 recommending the agency not approve Remoxy ER, an abuse-deterrent extended-release pain medication being developed by its partner Pain Therapeutics (NASDAQ: PTIE).

  • [By Peter Graham]

    Small cap pain stock Pain Therapeutics (NASDAQ: PTIE) has elevated short interest of 35.77% according to Highshortinterest.com. Pain Therapeutics develops proprietary drugs that offer significant improvements to patients and physicians. The Company’s expertise consists of developing new drugs and guiding these through various regulatory and development pathways in preparation for their eventual commercialization with a focus on drug development efforts around disorders of the nervous system. The FDA has not yet established the safety or efficacy of any drug candidates. Pain Therapeutics’ pipeline of drug assets includes:

  • [By Paul Ausick]

    Pain Therapeutics Inc. (NASDAQ: PTIE) dropped 50% Thursday to set a new 52-week low of $0.98. Shares closed at $1.96 on Wednesday and the stock’s 52-week high is $12.80. Volume totaled around 10 million, nearly 20 times the daily average. The company announced a direct share offering of $11.3 million at $1.15 per share. Boy, do current investors hate that sort of behavior.

  • [By Joseph Griffin]

    Shares of Pain Therapeutics, Inc. (NASDAQ:PTIE) were down 5.6% during mid-day trading on Thursday . The company traded as low as $1.00 and last traded at $1.02. Approximately 891,700 shares traded hands during trading, an increase of 40% from the average daily volume of 638,110 shares. The stock had previously closed at $1.08.

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