My daughter is in college, and she is going to rent an off-campus apartment with two friends next year. Will my homeowners insurance cover her apartment? Does each roommate need separate insurance?
See Also: 13 Things College Students Don’t Need
Your homeowners insurance may cover your daughter’s possessions and liability when she lives in an on-campus dorm, but it may not cover an off-campus apartment. The rules vary by insurer, so contact your company or agent for the specifics.
Renters insurance to cover an off-campus apartment usually doesn’t cost much–typically $240 per year for $20,000 to $30,000 in contents coverage as well as $100,000 to $300,000 in liability coverage, says Heather Day, general manager for Progressive Home Advantage. Your daughter’s policy will cover her stuff and any shared possessions, but her roommates will need to get separate policies to cover their own belongings, says Day.
best penny stocks: Albemarle Corporation(ALB)
Advisors’ Opinion:
- [By Zacks]
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Zacks Investment Research - [By Ben Levisohn]
Albemarle (ALB) soared to the top of the S&P 500 today after beating fourth-quarter earnings and revenue forecasts.
S. MARTIN/AFP/Getty Images
Albemarle gained 9.8% to $101.50, while the S&P 500 dipped 0.3% to 2,363.64.
Baird’s Ben Kallo and team liked what they saw from Albemarle:
Reiterate Outperform rating after results beat and guidance exceeded estimates. ALB continues to see strong Lithium demand and pricing, expects Refining Solutions to return to earnings growth in 2017 driven by stronger HPC demand, and bolstered its balance sheet with the sale of Surface Treatment. Additionally, although Bromine is expected to be flat y/y, the segment should generate strong FCF for Lithium investment. We expect shares to trade higher as ALB continues to separate itself from specialty chemical comps with leading market positions and strong revenue growth.
Albemarle’s market capitalization rose to $11.4 billion today from $10.4 billion yesterday.
- [By Monica Gerson]
Albemarle Corporation (NYSE: ALB) is estimated to post its quarterly earnings at $0.86 per share on revenue of $814.80 million.
Markit Ltd (NASDAQ: MRKT) is expected to report its quarterly earnings at $0.36 per share on revenue of $293.62 million.
- [By WWW.THESTREET.COM]
With an improving global economy, now is a great time to be a chemical company, Cramer told viewers, as he reiterated his favorites: Albemarle (ALB) and FMC Technology (FMC) .
- [By Beth McKenna]
Most investors interested in gaining exposure to the lithium space should stick with investing in one or more of the large players listed on a major U.S. stock exchange:Albemarle Corporation(NYSE:ALB), FMC Corp. (NYSE:FMC), andSociedad Quimica y Minera de Chile(NYSE:SQM), or SQM. Smaller players are speculative to varying degrees, and most are unprofitable.
best penny stocks: McDermott International, Inc.(MDR)
Advisors’ Opinion:
- [By Monica Gerson]
Benzinga's newsdesk monitors options activity to notice unusual patterns. These large volume (and often out of the money) trades were initially published intraday in Benzinga Professional . These trades were placed during Thursday's regular session.
- [By Monica Gerson]
McDermott International Inc. (NYSE: MDR) reported stronger-than-expected results for its first quarter and lifted its 2016 earnings outlook. McDermott shares jumped 8.45 percent to $4.43 in the after-hours trading session.
best penny stocks: Potash Corporation of Saskatchewan Inc.(POT)
Advisors’ Opinion:
- [By Shanthi Rexaline]
Agri-Input Companies — Seeds/ Fertilizers/Pesticides Manufacturers
Monsanto Company (NYSE: MON): +68.82 percent since 2011. Syngenta AG (ADR) (NYSE: SYT): +56.26 percent since 2011. Mosaic Co (NYSE: MOS): -63.1 percent since 2011. Potash Corporation of Saskatchewan (USA) (NYSE: POT): -67.8 percent since 2011. CF Industries Holdings, Inc. (NYSE: CF): +5.04 percent since 2011. Agrium Inc. (USA) (NYSE: AGU): +1.10 percent since 2011.
Agri-Finance Companies
- [By Ben Levisohn]
We also want to reiterate our bullish view on the agricultural commodities and the ag-related stocks (e.g., CF Industries Holdings (CF), Mosaic (MOS), Potash Corp. of Saskatchewan (POT), FMC (FMC), AGCO, Deere). Following sharp multi-year declines, trends continue to improve.
best penny stocks: Polo Ralph Lauren Corporation(RL)
Advisors’ Opinion:
- [By Casey Wilson]
Ralph Lauren Corp. (NYSE: RL) just became the latest company to fall victim to the “Retail Ice Age.”
The 50-year-old American icon announced it shuttered its flagship store at Fifth Avenue and 55th Street in New York City on Tuesday (April 4). It will also close 50 other retail locations by the end of the fiscal year.
- [By Ben Levisohn]
Hanesbrands was just one of many retail companies that got shellacked this week. Under Armour (UAA) tumbled 29% after missing earnings forecasts and cutting its guidance, while Deckers Outdoor (DECK) plunged 21% after its earnings missed the Street consensus, and Ralph Lauren (RL) plummeted 13% after its CEO stepped down.
- [By WWW.THESTREET.COM]
The sidewalks outside stores like Armani, Dolce & Gabanna, Ralph Lauren (RL) , Gap (GPS) , Prada, Abercrombie & Fitch (AF) , Microsoft (MSFT) and Harry Winston are now lined with metal barricades. The strip commands some of the highest retail rents in the world, with the average annual rent being $3500 per square foot.
- [By Johanna Bennett]
Times are tough for Ralph Lauren (RL). Profit and sales are fallingat theiconic clothingcompany, and investors who bet on a turnaround havelost their shirts on the stock. Adding to its troubles,CEO StefanLarsson is departingfollowing a creative clash with the companys namesake and founder.
Pessimism, meanwhile, appears to be on the rise.
According to a report by the financial analytics company S3 Partners, short interest in Ralph Lauren has risen since the start of the year, hitting historical levels. And while that short position is expected to keep expanding, bearish sentiments could turn on a dime.
Ihor Dusaniwsky at S3 Partners writes:
RL short interest levels, already at historical highs today, should continue to grow if the recent trend continues, but having made almost 23% in 2016 and 14% in 2017, short sellers may be quick to cover their positions and lock in profits if RLs stock price turns against them.
Short interest in Ralph Lauren fell in 2016 as the stock price fella nd shorts covered positions, netting a return of 22.6%. So far this year, however, the short position as increased $226 million, or 38% to $815 million as of this morning, according to the S3 report.
Its a profitable day for those short sellers. Todays 11% decline Ralph Laurens stock price on an $815 million short position has added $90 million to the short sellers collective bottom line.
Ralph Lauren is down 11.5% in recent market actions to $77.26 a after earlier falling as low as $76.86 a share. Thats the lowest price for the stock since 2010.
best penny stocks: Gold Standard Ventures Corporation(GSV)
Advisors’ Opinion:
- [By Sara Cornell]
The management team member who garners the most attention right now is Dave Mathewson, VP, Head of Exploration. Dave is a geologist with more than 35 years’ experience in the gold exploration space, and specifically, in Nevada. He is credited with a number of notable discoveries for Newmont Mining Corp (NYSE: NEM), and later went on to Gold Standard Ventures Corp (NYSE: GSV) helping take that company from a start-up to a now $481 million market cap.
best penny stocks: Wells Fargo & Company(WFC)
Advisors’ Opinion:
- [By Casey Wilson]
Citigroup was named by Forbes as one of the “big four” banks in the United States on Jan. 10. These four financial institutions – JPMorgan Chase, Bank of America Corp. (NYSE: BAC), Wells Fargo & Co. (NYSE: WFC), and Citigroup – have a combined $8.5 trillion in assets. That’s nearly $4 trillion more than the combined total of the next 100 biggest banks combined.
- [By The Ticker Tape]
In the next two weeks, several major financial institutions report earnings. Wells Fargo & Co (NYSE: WFC), JPMorgan Chase & Co. (NYSE: JPM), and Citigroup Inc (NYSE: C) report before market open on April 13. According to consensus third-party analyst estimates, WFC is expected to report $0.96 earnings per share, or EPS, on revenue of $22.16 billion, JPM is expected to report $1.51 EPS on revenue of $24.57 billion, and C is expected to report $1.27 EPS on revenue of $17.97 billion. One area of focus when banks report is the impact of rising interest rates on these company’s net interest income—the difference between revenues generated by a bank’s assets and the expenses associated with paying its liabilities.
- [By John Maxfield]
In Wells Fargo’s (NYSE:WFC) case, a 100-basis-point increase in both short- and long-term rates would bolster its net interest income by between 2% and 5% over the 12 months following the increase. Given that the California-based bank generated $47.8 billion in net interest income last year, that equates to a benefit of between $1 billion and $2.4 billion in added revenue.
- [By Teresa Rivas]
On Thursday,Wells Fargo (WFC) reported first-quarter earnings that topped analysts’ expectations, but the stock still ended down for the day.
Getty Images
Wells Fargo said it earned $1 a share on revenue of $22 billion. Analysts were looking for earnings per share of 97 cents on revenue of $22.3 billion.
Analystshave digetsed the news, and are out withtheir takes on the quarter, and opinions run the gamut.
Evercore ISI’s John Pancari reiterated an Outperform rating and $60 price target on Wells:
A more conservative fee outlook (mainly mortgage) and modest tweak to B/S growth expectations led to a slight downside EPS revision to 2018. That said, expense efforts are now the greater focus given the n/t headwinds – but also the substantial opportunity to pare costs and limit pressure on returns. All eyes on the May 11 investor day.
Sandler O’Neil’sR. ScottSiefers reiterated a Hold rating and $55 price target:
WFCcontinues to address the sales scandal decisively and transparently, but too many uncertainties and issues remain.We are keeping our HOLD rating. We considerWFCs 1Q performance fine, but not its best. On the plus side, credit trends were very good, and a rebound in trading allowed total fees to come in better than we had foreseen (though we suspect that at least a portion of this Qs performance will normalize in coming periods). But the NIM only held firm (whereas we would have hoped to see at least a little expansion), loan growth was pretty weak, and costs came in higher than we had anticipated.
Raymond James’s David Long reiterated an Underweight rating:
The EPS beat was driven by a lower tax rate (management guided to a reversion) and a reserve release from improvement in energy-related credits, while the miss on expenses (deferred comp) outweighed the beat on fees (trading gains). Additionally, March retail banking gr
