Fidelity Investments started a new mutual fund and tapped two of its most successful managers, William Danoff and Joel Tillinghast, to run it. There’s just one catch: it’s only available to Canadian investors.
Fidelity Global Growth and Value Class fund marks the first time the managers will run a fund together. The new product aims to achieve long-term capital growth by investing in companies anywhere in the world, according to a news release issued Thursday. It was created by Fidelity Investments Canada, which operates independently of the U.S. fund giant.
Danoff has run the $128 billion Fidelity Contrafund since 1990, and over that stretch has beaten the S&P 500 Index by more than 300 basis points a year. Tillinghast’s $36 billion Fidelity Low-Priced Stock Fund has topped its benchmark, the Russell 2000 Index, by more than 400 basis points annually since 1989.
“We are pleased to launch this new fund that brings together the brilliance of Will and Joel and their investment approaches,” Rob Strickland, president of Fidelity Investments Canada, said Thursday.
Top 10 Value Stocks To Watch For 2019: General Motors Company(GM)
Advisors’ Opinion:
- [By John Rosevear]
The concept isn’t a new one — it’s what businesses like Zipcar and General Motors’ (NYSE:GM) Maven have been doing for several years. But VW is adding a twist: All of the vehicles in its service will be battery-electric.
- [By Paul Ausick]
A rumor surfaced a few days ago that Amazon.com Inc. (NASDAQ: AMZN) and General Motors Co. (NYSE: GM) were considering an investment in startup electric truck maker Rivian Automotive that would value the new company at $1 billion to $2 billion. Turns out the chatter was true: Rivian announced Friday morning that Amazon led a funding round that raised $700 million in fresh capital to further develop the all-electric pickups.
- [By ]
General Motors (NYSE: GM) is also modernizing its production onto four vehicle platforms for flexibility and scale efficiencies. This combined with the decision to cut to four brands, Chevrolet, Cadillac, Buick and GMC in North America, should drive profitability.
- [By Jack Delaney]
The tech subscription service has more than 900 customers, and some of its most notable include General Motors Co. (NYSE: GM) and Caterpillar Inc. (NYSE: CAT).
- [By Dustin Parrett]
And investing in Tesla stock could make sense if it does squeeze the major automakers out of market share. Right now, Tesla only accounts for 1.4% of the U.S. car market, while General Motors Co. (NYSE: GM) controls 17.6%.
Top 10 Value Stocks To Watch For 2019: Southern Missouri Bancorp, Inc.(SMBC)
Advisors’ Opinion:
- [By Joseph Griffin]
Southern Missouri Bancorp (NASDAQ:SMBC) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday.
- [By Joseph Griffin]
Keefe, Bruyette & Woods initiated coverage on shares of Southern Missouri Bancorp (NASDAQ:SMBC) in a research note issued to investors on Thursday. The brokerage issued a market perform rating on the savings and loans company’s stock.
- [By Stephan Byrd]
Southern Missouri Bancorp (NASDAQ: SMBC) and Heritage Financial (NASDAQ:HFWA) are both small-cap finance companies, but which is the superior investment? We will contrast the two businesses based on the strength of their risk, profitability, institutional ownership, earnings, valuation, dividends and analyst recommendations.
- [By Joseph Griffin]
Southern Missouri Bancorp (NASDAQ: SMBC) and First Connecticut Bancorp (NASDAQ:FBNK) are both small-cap finance companies, but which is the better investment? We will compare the two businesses based on the strength of their analyst recommendations, valuation, earnings, profitability, institutional ownership, risk and dividends.
- [By Joseph Griffin]
Berkshire Hills Bancorp (NYSE: BHLB) and Southern Missouri Bancorp (NASDAQ:SMBC) are both small-cap finance companies, but which is the superior business? We will compare the two businesses based on the strength of their earnings, profitability, analyst recommendations, dividends, risk, valuation and institutional ownership.
Top 10 Value Stocks To Watch For 2019: Chemung Financial Corp(CHMG)
Advisors’ Opinion:
- [By Logan Wallace]
Get a free copy of the Zacks research report on Chemung Financial (CHMG)
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- [By Shane Hupp]
Chemung Financial Corp. (NASDAQ:CHMG) announced a quarterly dividend on Friday, May 18th, Wall Street Journal reports. Investors of record on Monday, June 18th will be given a dividend of 0.26 per share by the bank on Monday, July 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Friday, June 15th.
- [By Ethan Ryder]
Chemung Financial Corp. (NASDAQ:CHMG) Director Robert H. Dalrymple sold 2,000 shares of the business’s stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $42.54, for a total transaction of $85,080.00. Following the completion of the transaction, the director now directly owns 237,541 shares of the company’s stock, valued at $10,104,994.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
- [By Joseph Griffin]
Get a free copy of the Zacks research report on Chemung Financial (CHMG)
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Top 10 Value Stocks To Watch For 2019: Duff & Phelps Utilities Income, Inc.(DNP)
Advisors’ Opinion:
- [By Shane Hupp]
Stratos Wealth Partners LTD. lifted its holdings in DNP Select Income Fund Inc. Common Stock (NYSE:DNP) by 108.1% during the first quarter, Holdings Channel reports. The institutional investor owned 17,485 shares of the investment management company’s stock after purchasing an additional 9,084 shares during the period. Stratos Wealth Partners LTD.’s holdings in DNP Select Income Fund Inc. Common Stock were worth $180,000 as of its most recent filing with the SEC.
Top 10 Value Stocks To Watch For 2019: Kamada Ltd.(KMDA)
Advisors’ Opinion:
- [By Garrett Baldwin]
Retail stocks are in focus after the U.S. Census Bureau released monthly sales figures before the bell Tuesday. The bureau said that retail sales increased by 0.3% in April, a figure that matched trade expectations. Markets had expected consumer spending to increase, however home improvement sales were not the major factor that most expected. This was evident from The Home Depot’s earnings report. Markets are increasingly optimistic over U.S. trade negotiations with China. Chinese President Xi Jinping’s No. 1 economic advisor will visit the United States this week to continue the nation’s dialogue with America. In addition, roughly 100 companies and trade associations will be sounding off to the Trump administration about the potential impact of tariffs in the Chinese markets.
Stocks to Watch Today: TSLA, AMZN, GS
Amazon.com Inc. (Nasdaq: AMZN) is in focus thanks to tax policy in Seattle. On Monday, the Seattle’s City Council passed a bill that will tax Amazon and 131 other companies $275 per employee each year in order to create a fund to address homelessness in the Seattle. The tax is half what was originally proposed and remains a contentious issue for Amazon, which is the city’s biggest employer. Goldman Sachs Group (NYSE: GS) is sounding the alarm about the state of the markets. The company warned that the U.S. budget deficit is increasing while America’s unemployment rate is falling. This hasn’t occurred since the World War II. The bank believes that the combination of the two could cause the Fed to spike interest rates in the near future. This comes at a time when the Fed has already lost control of interest rates. Look for additional earnings reports from Eagle Materials Inc. (NYSE: EXP), Bitauto Holding Ltd. (Nasdaq: BITA), Virtusa Corp. (Nasdaq: VRTU), Global Eagle Entertainment Inc. (Nasdaq: ENT), and Kamada Ltd. (Nasdaq: KMDA).Follow Money Morning on Facebook, Twitter, and LinkedIn.
- [By Joseph Griffin]
Get a free copy of the Zacks research report on Kamada (KMDA)
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- [By Stephan Byrd]
Shares of Kamada Ltd. (NASDAQ:KMDA) have been given an average rating of “Buy” by the six analysts that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $8.33.
- [By Lisa Levin]
Kamada Ltd. (NASDAQ: KMDA) is expected to report quarterly earnings at $0.02 per share on revenue of $24.02 million.
Concordia International Corp. (NASDAQ: CXRX) is estimated to report quarterly earnings at $0.06 per share on revenue of $143.80 million.
Top 10 Value Stocks To Watch For 2019: SeaWorld Entertainment, Inc.(SEAS)
Advisors’ Opinion:
- [By Rick Munarriz]
SeaWorld Entertainment (NYSE:SEAS) is sticking to a springtime rollout of the Sesame Street makeover of its kiddie rides section at SeaWorld Orlando, but that’s not the kind of thing that folks schedule their summer travel plans around. The only parks outside of Universal Orlando with head-turning new rides in the coming months are Legoland Florida, with its The Lego Movie World expansion opening late next month, and SeaWorld’s Busch Gardens Tampa, which is adding a new coaster. However, both of those parks are nearly an hour away from the tourism hotbed where Disney World, Universal Orlando, and SeaWorld Orlando compete for visitors.
- [By Rick Munarriz]
SeaWorld Entertainment (NYSE:SEAS) has yet to open the watery thrill ride that was supposed to be the big draw at its most visited theme park this summer, but that isn’t stopping it from making plans for next year at one of its other nearby attractions. SeaWorld Entertainment announced on Wednesday that it will open a new roller coaster at Busch Gardens Tampa early next year, even as delays at getting the Infinity Falls raft ride up and running at SeaWorld Orlando continue.
- [By Daniel B. Kline]
In this episode of Industry Focus: Consumer Goods, Vincent Shen and Motley Fool contributor Dan Kline take a first pass at understanding what it takes to run a theme park with three of the biggest names in the industry — Six Flags (NYSE:SIX), Cedar Fair (NYSE:FUN), and SeaWorld (NYSE:SEAS).
- [By Lee Jackson]
SeaWorld Entertainment Inc. (NYSE: SEAS) was downgraded to sell from neutral at Citigroup. The 52-week trading range for the company’s shares has been $10.42 to $21.29. The consensus price target for the shares is $17. The stock closed trading on Monday at $21.01.
- [By Rick Munarriz]
SeaWorld Entertainment (NYSE:SEAS) appears to be the only operator that’s still fumbling away the telltale travel season in Florida. The record-setting river-rafting attraction has been pitched as a summertime opening for SeaWorld Orlando since it was announced last year, but construction appears nowhere close to being completed in time to soak the first wave of summer visitors.
Top 10 Value Stocks To Watch For 2019: Wells Fargo & Company(WFC)
Advisors’ Opinion:
- [By Matthew Frankel]
Wells Fargo (NYSE:WFC) reported its second-quarter earnings Friday morning, and missed analysts’ expectations on both the top and bottom lines. In addition, the bank’s loan and deposit portfolios shrunk over the past year, and its profitability and efficiency both leave something to be desired. Here’s a rundown of the numbers, and what they mean for investors.
- [By Douglas A. McIntyre]
U.S. sanctions of Wells Fargo & Co. (NYSE: WFC) may last longer than expected. According to The Wall Street Journal:
Wells Fargo & Co. will remain constrained by a regulator-imposed limit on growth for longer than expected, its chief executive said Thursday, as the bank continues to address the ramifications of risk-management failures.
- [By Chris Lange]
Wells Fargo & Co. (NYSE: WFC) short interest rose to 31.18 million shares from the previous reading of 29.85 million. Shares were trading at $54.05, within a 52-week range of $49.27 to $66.31.
- [By ]
So where do you find them? Well, preferred stocks trade just like common shares on one of the major stock exchanges. They are a popular fundraising tool for companies that need capital to grow and expand, but don’t want to borrow or issue more common stock. Well-known businesses like Ford Motor (NYSE: F), General Electric (NYSE: GE), Wells Fargo (NYSE: WFC) and T-Mobile (Nasdaq: TMUS) have all issued preferred stock.
- [By Rich Duprey]
Instead of pitching in more of his own money now, Lampert’s been working to try to secure financing from institutions other than his own hedge fund, ESL Investments. Reuters reports negotiations with Bank of America (NYSE: BAC) and Wells Fargo (NYSE: WFC) fell through as Lampert sought to arrange debtor-in-possession financing. Basically such reorganization efforts allow existing management to continue operating the train. But rumor has it lenders are not willing to give Lampert free rein anymore and are pushing for a Chapter 7 bankruptcy filing that calls for Sears to be liquidated, rather than the reorganization that Chapter 11 allows.
Top 10 Value Stocks To Watch For 2019: Ameresco, Inc.(AMRC)
Advisors’ Opinion:
- [By Max Byerly]
Ameresco Inc (NYSE:AMRC) has earned an average rating of “Buy” from the six ratings firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $13.17.
- [By Logan Wallace]
Several large investors have recently added to or reduced their stakes in AMRC. Meeder Asset Management Inc. bought a new position in Ameresco during the fourth quarter worth $25,000. Advisor Group Inc. bought a new position in Ameresco during the fourth quarter worth $75,000. Metropolitan Life Insurance Co. NY bought a new position in Ameresco during the fourth quarter worth $99,000. MetLife Investment Advisors LLC bought a new position in Ameresco during the fourth quarter worth $136,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Ameresco during the fourth quarter worth $163,000. 27.26% of the stock is owned by institutional investors and hedge funds.
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About Ameresco
- [By Stephan Byrd]
Ameresco Inc (NYSE:AMRC) has been assigned a consensus rating of “Buy” from the six research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $13.17.
- [By Max Byerly]
Ameresco Inc (NYSE:AMRC) has been given a consensus recommendation of “Buy” by the six ratings firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $13.17.
- [By Logan Wallace]
Ameresco Inc (NYSE:AMRC) has been assigned a consensus recommendation of “Buy” from the six brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $13.17.
Top 10 Value Stocks To Watch For 2019: Enerplus Corporation(ERF)
Advisors’ Opinion:
- [By Stephan Byrd]
Enerplus Corp (NYSE:ERF) (TSE:ERF) has been assigned an average rating of “Buy” from the eight analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $16.50.
- [By Stephan Byrd]
News coverage about Enerplus (NYSE:ERF) (TSE:ERF) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Enerplus earned a news impact score of 0.09 on Accern’s scale. Accern also assigned headlines about the oil and natural gas company an impact score of 47.3097650375709 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
- [By Matthew DiLallo]
Overall, Crestwood expects to invest $275 million to $325 million into expansion projects this year, slightly above its initial forecast to spend between $250 million and $300 million on capital projects. One driver of the increased budget is that oil and gas producer Enerplus (NYSE:ERF) awarded the company a contract to expand its water system in the Bakken. Crestwood expects to invest $60 million over the next two years on this project, which will help support Enerplus’ volume growth in the region. Meanwhile, the company is in advanced discussions with customers to provide a range of midstream services in the Delaware Basin, which could include building a new natural gas processing plant in the region.
- [By Max Byerly]
Get a free copy of the Zacks research report on Enerplus (ERF)
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Top 10 Value Stocks To Watch For 2019: Atlantic American Corporation(AAME)
Advisors’ Opinion:
- [By Joseph Griffin]
Media headlines about Atlantic American (NASDAQ:AAME) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Atlantic American earned a coverage optimism score of 0.03 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 46.9140395368088 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
- [By Logan Wallace]
Atlantic American (NASDAQ: AAME) and Swiss Re (OTCMKTS:SSREY) are both finance companies, but which is the better investment? We will contrast the two companies based on the strength of their earnings, risk, institutional ownership, dividends, profitability, valuation and analyst recommendations.