If you're a junk-bond investor, I have a message for you. Get out. The easy money in high-yield bonds is gone. Prices have soared. And the overall high-yield bond market sits at dangerous levels today. History says this setup could lead to double-digit losses. And that's why the smart move is to get out – now. Let me explain… High-yield bonds have soared over the past 14 months. The iShares iBoxx High Yield Corporate Bond Fund (HYG) is up 16% from its February 2016 bottom. HYG is still near its recent highs. It hasn't begun to break down yet. But buying today is incredibly dangerous. That's because right now, you're getting almost zero premium for the risk you're taking in high-yield bonds. You see, high-yield, or "junk" bonds, come from companies with questionable prospects. They're less-than-stellar businesses… And they have to pay higher interest rates because of that extra risk.
best business to buy stock in: New Residential Investment Corp.(NRZ)
- [By Sean Williams]
Today’s lawsuit has spilled over to the company’s peers as well. New Residential Investment Corp. (NYSE:NRZ), which invests in excess mortgage servicing rights (MSRs), wound up falling as much as 13% during the day’s trading session. Ocwen is one of the three companies mentioned as being one of the primary servicers in New Residential Investment’s MSRs, according to its 10-K. If mortgage owners or bondholders terminate Ocwen as the servicer, the excess MSRs tied to Ocwen could lose some or all of their value.Altisource Portfolio Solutions S.A.(NASDAQ: ASPS)fell 42%.
- [By Lisa Levin]
Ocwen Financial Corp (NYSE: OCN) shares were also up, gaining 42 percent to $3.25. New Residential Investment Corp (NYSE: NRZ) revealed it owned some servicing rights to the troubled Ocwen Financial. During today's conference call, New Residential’s executive suggested the company will pay $425 million for Mortgage Servicing Rights to Ocwen.
- [By Chris Dier-Scalise]
Thge Vetr crowd upgraded its rating for New Residential Investment Corp (NYSE: NRZ) on Friday from the company's previous standing at 3 stars (Hold), issued 10 days ago, to 4 stars (Buy). Crowd sentiment at the time of the upgrade was mostly positive, with 80 percent of Vetr user ratings bullish.
best business to buy stock in: VIVUS, Inc.(VVUS)
- [By Peter Graham]
A long term chart shows Arena Pharmaceuticals along with its small capobesitytreatmentpeers EnteroMedics Inc (NASDAQ: ETRM), Orexigen Therapeutics, Inc (NASDAQ: OREX) and VIVUS, Inc (NASDAQ: VVUS) all causing severe weight loss for investor portfolios:
- [By Keith Speights]
Arena is out of the obesity drug business, but what about Orexigen Therapeutics (NASDAQ:OREX) or VIVUS (NASDAQ:VVUS)? The problem is that they’re both too dependent on their respective obesity drugs, Contrave and Qsymia. Neither of the drugs have performed up to expectations.
best business to buy stock in: Envision Healthcare Holdings, Inc.(EVHC)
- [By Ben Levisohn]
Even on a day like today, somebody had to be the worst performer in the S&P 500, and today that somebody is Envision Healthcare (EVHC), which missed earnings forecasts last night.
- [By Paul Ausick]
Envision Healthcare Corp. (NYSE: EVHC) dropped about 9.3% Tuesday to post a new 52-week low of $43.22 after closing Monday at $47.67. The 52-week high is $74.75. Volume of around 10 million shares traded was about six times the daily average. The company had no specific news.
- [By Lisa Levin]
Envision Healthcare Holdings Inc (NYSE: EVHC) shares shot up 211 percent to $70.15. Envision Healthcare and Amsurg Corp (NASDAQ: AMSG) reported the completion of their merger.
best business to buy stock in: National Fuel Gas Company(NFG)
- [By Lee Jackson]
These companies also reported insider selling last week: National Fuel Gas Co. (NYSE: NFG), Prologis Inc. (NYSE: PLD), Realty Income Corp. (NYSE: O), Ulta Beauty Inc. (NASDAQ: ULTA) and Versartis Inc. (NASDAQ: VSAR).
best business to buy stock in: Access National Corporation(ANCX)
- [By Jim Robertson]
Today, ourunder the Radar Moversnewsletter suggestedshorting small cap Northern Virginia based bank holding stock Access National Corporation (NASDAQ: ANCX):