More and more, companies issue fixed-to-floating securities, and the public seems to like it. Investors take advantage of possessing these stocks as they are protected from higher interest rates. When holding an issue with fixed-to-floating dividend rate, your yield to worst is your YTC. If rates go higher, when the call date comes it will probably be hard for the company to finance itself on a lower coupon payment, so the holder of the stocks will get a higher yield. Vice versa – if rates go lower, when the call date comes the company will refinance at a lower coupon rate and the holder of the fixed-to-floating stocks will get as much as his YTC.
The banks are not the only ones to issue fixed-to-floating securities. REITs, shippings, oil companies, utilities and others also provide the investors with these kinds of stocks.
Some of the latest fixed-to-floating issues are VLY-B (5.50% Fixed To Floating From Valley National Bancorp), NLY-F, TWO-B, PMT-B (Preferred Stock IPO: 8% From PennyMac Mortgage Investment Trust), GLOP-A, NS-B and TNP-E.
Best Penny Stocks To Watch For 2018: Appliance Recycling Centers of America, Inc.(ARCI)
- [By Jim Robertson]
Before the market opened on Monday, small cap Appliance Recycling Centers of America (NASDAQ: ARCI) reported earnings with shares surging 137.70% on extremely high volume of 13,556,238 well above theaverage volume of around 48,702 shares. However, the company only has a market cap now of around $9.65 million now meaning its still more of a microcap stock.
Best Penny Stocks To Watch For 2018: PACCAR Inc.(PCAR)
- [By WWW.THESTREET.COM]
In the Lightning Round, Cramer was bullish on Salesforce.com (CRM) , Paccar (PCAR) , Cummins (CMI) , ConocoPhillips (COP) , Adobe Systems (ADBE) , Annaly Capital (NLY) and Hewlett Packard Enterprise (HPE) .
- [By Jim Cramer]
The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Machinery industry and the overall market, PACCAR INC’s return on equity exceeds that of both the industry average and the S&P 500.
- [By Jim Cramer]
Despite the weak revenue results, PCAR has outperformed against the industry average of 21.6%. Since the same quarter one year prior, revenues slightly dropped by 1.6%. The declining revenue has not hurt the company’s bottom line, with increasing earnings per share.
Best Penny Stocks To Watch For 2018: WGL Holdings Inc(WGL)
- [By Shauna O’Brien]
Brean Capital reported on Friday that it has upgraded natural gas utility company WGL Holdings Inc (WGL).
The firm has raised its rating on WGL from “Hold” to “Buy,” and has given the company a $46 price target. This price target suggests a 12% increase from the stock’s current price of $40.62. The upgrade was primarily based on valuation and future investment opportunities.
“Like many utilities in the gas LDC space, the shares of WGL Holdings have come off recent highs and are now trading at a level we consider attractive,” analyst Michael Gaugler comments. “Beyond valuation, we consider the recent announcement of conditional approval of Dominion’s Cove Point facility for LNG export as a positive development in terms of future investment opportunities, given the company’s one-third interest in the Commonwealth Pipeline project, which we believe will be revisited due to future increased demand.”
WGL Holdings shares were mostly flat during pre-market trading Friday. The stock has been mostly flat YTD.