By Greg Daugherty, Next Avenue Contributor
Nearly 60 years ago, a writer calling himself Bob Belmont published a modest little book with an immodest title: How to Retire Without Money! You arent likely to find it in your library, but you might come across a copy at a used book sale, as I did recently. I think I paid a quarter for it and it was worth every penny.
Today, with nearly half of U.S. households reporting zero retirement savings, according to the nonpartisan Economic Policy Institute, Belmonts book seems decidedly ahead of his time; Ill share five of his ideas shortly, with some appropriate updates for 2017.
From Sci-Fi Writer to Retirement Adviser
number one stock to buy: Turkcell Iletisim Hizmetleri AS(TKC)
- [By Lisa Levin]
In trading on Wednesday, telecommunications services shares slipped by 0.08 percent. Meanwhile, top losers in the sector included Turkcell Iletisim Hizmetleri A.S. (ADR) (NYSE: TKC), down 2 percent, and Telefonica Brasil SA (ADR) (NYSE: VIV), down 2.5 percent.
number one stock to buy: Energy Transfer Equity, L.P.(ETE)
- [By Charles Sizemore]
Charles Sizemore is a prolific financial writer, longtime prizedInvestorPlace contributor, and chief investment officer of Sizemore Capital Management. He’s also a two-time winner of our Best Stockscompetition, so he knows how to pick ‘em.
Never one to choose a straightforward company, Charles went withEnergy Transfer Equity (ETE) for the Best Stocks for 2016 contest. ETE is a complicated beast, a master limited partnership that’s made up of six other energy companies.
Perhaps the simplest way to think of ETE is as a company with diversified exposure to energy pipelines, which essentially collect tolls as their corporate users send oil and natural gas all across the country.
Energy Transfer is thick on the income front, with a dividend yield sitting at 8.7% currently.
number one stock to buy: Old National Bancorp Capital Trust I(ONB)
- [By kiplinger]
Old National Bancorp (ONB) is a 181-year-old financial institution with 195 branches, mainly in the Midwest. The stock, which is still down by about one-third from its prerecession high, trades at just 13 times projected 2016 earnings and yields an attractive 3.4%. If interest rates ever rise, the bank should benefit from a widening spread between its cost of funds and the interest rates borrowers pay.It’s a favorite of David Dreman, author of the classic 1980 book Contrarian Investment Strategy. His philosophy: “We believe that the markets are not perfectly efficient.” Some stocks, in other words, are judged by the market to be cheaper than their actual worth.
- [By Ben Levisohn]
The twenty stocks in Worth’s basket are: Ameriprise Financial (AMP) Bank of America, Banner (BANR), Citigroup, Citizens Financial Group (CFG), East West Bancorp (EWBC), First NBC Bank Holding (FNBC), HFF (HF), KeyCorp(KEY), Legacy Texas Financial Group (LTXB), Lincoln National (LNC), Morgan Stanley, Old National Bancorp (ONB), PacWest Bancorp (PACW), PNC Financial Services Group (PNC), Principal Financial Group (PFG), Stifel Financial (SF), SVB Financial Group (SIVB), TCF Financial (TCB), and Wells Fargo.
number one stock to buy: Brady Corporation(BRC)
- [By Shauna O’Brien]
Robert Baird announced on Friday that it has cut its rating on Brady Corp (BRC).
The firm has downgraded BRC from “Outperform” to “Neutral,” and has given the company a $33 price target. This price target suggests a 8% upside from the stock’s current price of $30.52.
Analysts see the company’s WPS segment growing faster than expected.
Brady shares were mostly flat during pre-market trading Friday. The stock is down 9% YTD.
- [By Mike Deane]
For the 28th year in a row, Brady Corp (BRC) has increased its dividend payout to investors.
The Milwaukee, WI-based company increased its quarterly dividend to 19.5 cents from 19 cents, an increase of 2.6%. The annual dividend now stands at 78 cents. The quarterly dividend will be paid on October 31st, 2013 to all shareholders of record on October 10, 2013.
BRC shares were down 40 cents, or 1.23%, by market close on Wednesday. YTD, the company’s stock is down over 4%.
- [By Michael Flannelly]
Before the opening bell on Thursday, identification solutions provider Brady Corp (BRC) posted a loss in the fourth quarter, despite a rise in revenues, as it was negatively impacted by a number of charges. However, excluding these charges, the company was able to top Wall Street analysts’ earnings and sales estimates. Nonetheless, BRC shares are plummeting in Thursday’s trading.
The Milwaukee, Wisconsin-based company posted a loss from continuing operations of $176.2 million, or $3.41 per share, in the fourth quarter, versus last year’s fourth quarter earnings from continuing operations of $20.9 million, or 40 cents per share. Furthermore, Brady posted a net loss of $177.2 million, or $3.43 per share, compared to net earnings of $11.6 million, or 22 cents per share, in the same period a year ago.
The fourth quarter loss includes non-cash impairment charges of $204.4 million, $15.6 million in restructuring charges, and $4 million in acquisition-related charges. Excluding these charges, Brady Corp said earnings would have been 53 cents per share in the quarter. According to analysts polled by Thomson Reuters, the company was expected to earn an adjusted 51 cents per share in the fourth quarter.
The company’s fourth quarter sales came in at $309.1 million, up 15% from $269.1 million in sales posted last year. On average, analysts were expecting the company to see $307.13 million in revenues for the quarter.
Looking ahead, Brady Corp. sees fiscal 2014 earnings coming in between $1.80 and $2.00 per share, below the analysts’ view of $2.30 per share.
Brady Corp shares were down $1.71, or 5.25%, during early morning trading on Thursday. The stock is up 7.93% year-to-date.
number one stock to buy: Dow Treasuries(DV)
- [By Peter Graham]
A long term performance chart of Apollo Education Group along with peersITT Educational Services, Inc (NYSE: ESI) and DeVry Education Group Inc (NYSE: DV) reflect the headwinds from the Obama administration:
number one stock to buy: California Resources Corporation(CRC)
- [By Lisa Levin]
On Friday, the energy sector proved to be a source of strength for the market. Leading the sector was strength from Denbury Resources Inc. (NYSE: DNR) and California Resources Corp (NYSE: CRC).
- [By Andrew Efimoff]
WTI crude oil plunged 3.11 percent on Friday to $48.99 a barrel. Below are the biggest energy losers for the day:
California Resources Corporation (NYSE: CRC): -19.22%
Dynamic Materials (NASDAQ: BOOM): -12.39%
Clayton Williams Energy (NYSE: CWEI): -11.45%
Dynergy (NYSE: DYN): -11.91%
EP Energy Corporation (NYSE: EPE): -11.20%
Mexco Energy (NYSE: MXC) -10.90%
Whiting Petroleum (NYSE: WLL) -10.79%
Southwestern Energy Company (NYSE: SWN) -10.79%
SM Energy Company (NYSE: SM) -10.38%
Real Goods Solar (NASDAQ: RGSE) -10.34%
Posted-In: Commodities After-Hours Center Markets Movers
- [By Matthew DiLallo]
That sell-off in the oil market weighed on financially challenged oil stocks, which will struggle if crude continues dropping. Among the biggest losers were Abraxas Petroleum (NASDAQ:AXAS), Whiting Petroleum (NYSE:WLL), Denbury Resources (NYSE:DNR), California Resources (NYSE:CRC), and Cobalt International Energy (NYSE:CIE).
- [By Ben Levisohn]