Top 10 Financial Stocks For 2018

Investment company Hennessy Japan Fund buys Japan Tobacco Inc, Recruit Holdings Co, Sumitomo Mitsui Financial Group Inc, ASICS Corp, Terumo Corp, Kubota Corp, Shimano Inc during the 3-months ended 2017-04-30, according to the most recent filings of the investment company, Hennessy Japan Fund. As of 2017-04-30, Hennessy Japan Fund owns 22 stocks with a total value of $172 million. These are the details of the buys and sells.

New Purchases: 2914, Added Positions: 6098, 8316, 7936, 4543, 6326, 7309, 6367, 8113, 9962, 4452,

For the details of Hennessy Japan Fund’s stock buys and sells, go to www.gurufocus.com/StockBuy.php?GuruName=Hennessy+Japan+Fund

These are the top 5 holdings of Hennessy Japan FundASICS Corp (7936) – 551,100 shares, 5.67% of the total portfolio. Shares added by 45.95%SoftBank Group Corp (9984) – 126,200 shares, 5.56% of the total portfolio. Shares added by 2.10%MISUMI Group Inc (9962) – 490,600 shares, 5.41% of the total portfolio. Shares added by 9.29%Terumo Corp (4543) – 254,700 shares, 5.41% of the total portfolio. Shares added by 27.54%Kubota Corp (6326) – 590,900 shares, 5.41% of the total portfolio. Shares added by 27.38%New Purchase: Japan Tobacco Inc (2914)

Hennessy Japan Fund initiated holdings in Japan Tobacco Inc. The purchase prices were between $3615 and $3856, with an estimated average price of $3728.44. The stock is now traded at around $3860.00. The impact to the portfolio due to this purchase was 5.3%. The holdings were 273,700 shares as of 2017-04-30.

Top 10 Financial Stocks For 2018: The NASDAQ OMX Group Inc.(NDAQ)

Advisors’ Opinion:

• [By CNNMoney Staff]

  Stocks continued to rally despite the fact that options trading was temporarily halted Monday afternoon at exchanges run by CBOE Holdings (CBOE), Nasdaq OMX (NDAQ), BATS Global Markets and Miami International Holdings due to issues at the Options Price Reporting Authority (OPRA), which provides trading data and price quotes.

• [By Jake Zamansky]
  

  The Securities and Exchange Commission said on Wednesday afternoon it was in contact with the NASDAQ OMX Group (NDAQ) after the brief outage in the system that was at the heart of the three hour shutdown in August, according to a report by Reuters.

• [By Hibah Yousuf]

  In a report outlining the growing operational risks at trading exchanges, S&P said the noticeable increase in technical snafus could trigger ratings downgrades for major operators like NYSE Euronext (NYX), Nasdaq OMX (NDAQ) and BATS Global Markets over the next few years.

• [By Maureen Farrell]
  

  Twitter will try not to mimic Facebook’s mistakes on IPO day.

  NEW YORK (CNNMoney) At the start of last year, Nasdaq (NDAQ) and Morgan Stanley (MS, Fortune 500) were on top of the tech world. Both landed key roles in Facebook’s hotly anticipated initial public offering.

  But Facebook’s IPO changed that. Both companies were widely criticized for Facebook’s face plant of a debut. The problems that marred Facebook’s IPO clearly hurt the image of Nasdaq and Morgan Stanley.

Top 10 Financial Stocks For 2018: Deutsche Bank AG(DB)

Advisors’ Opinion:

• [By WWW.THESTREET.COM]

  Today, Deutsche Bank (DB) pretty much signals an all-clear based on that call and says things are indeed getting better. So there are buyers all over the place.

• [By Lisa Levin]

  Monday afternoon, the non-cyclical consumer goods & services sector proved to be a source of strength for the market. Leading the sector was strength from Deutsche Bank AG (USA) (NYSE: DB) and Banco Bilbao Vizcaya Argentaria SA (ADR) (NYSE: BBVA).

• [By Diane Alter]
  

  The New York Times first reported that Frontier Airlines is prepping for an initial public offering. The Denver, Colo.-based low-cost carrier has hired Deutsch Bank (NYSE: DB), JPMorgan Chase & Co. (NYSE: JPM), and Evercore Partners Inc. (NYSE: EVR) to handle the IPO. The airline started the process late last year when it approached a number of bankers.

Top 10 Financial Stocks For 2018: SL Green Realty Corporation(SLG)

Advisors’ Opinion:

• [By Nelson Hem]
  

  “Manhattan on Sale? That’s the Case With Two Cheap REITS” by Andrew Bary discusses whether Manhattan-focused real estate investment trusts Vornado Realty Trust (NYSE: VNO) and SL Green Realty Corp (NYSE: SLG) could rally as the New York market firms. Both trade at a discount to the value of private-market property deals, says the article.

Top 10 Financial Stocks For 2018: Digital Realty Trust Inc.(DLR)

Advisors’ Opinion:

• [By Lisa Levin]
  

  DuPont Fabros Technology, Inc. (NYSE: DFT) shares shot up 10 percent to $61.07. Digital Realty Trust, Inc. (NYSE: DLR) announced plans to merge with DuPont Fabros.

• [By Benzinga News Desk]

  Last year was brutal for hedge fund investors — but you wouldn’t know it from the fund managers’ paychecks: Link

  ECONOMIC DATA
  The MBA’s index of mortgage application activity for the latest week is schedule for release at 7:00 a.m. ET.
  The Energy Information Administration’s weekly report on petroleum inventories in the U.S. will be released at 10:30 a.m. ET.
  ANALYST RATINGS
  Jefferies Upgraded ConocoPhillips (NYSE: COP) from Hold to Buy
  JPMorgan Upgraded Clovis Oncology (NASDAQ: CLVS) From Neutral to Overweight
  Morgan Stanley Upgrades TJX Companies (NYSE: TJX) From Equal-Weight to Overweight
  Macquarie Downgraded Disney (NYSE: DIS) from Outperform to Neutral
  Deutsche Bank Downgraded AvalonBay (NYSE: AVB) from Buy to Hold
  Wells Fargo Downgrades Digital Realty Trust (NYSE: DLR) From Outperform To Market Perform

  
  

  This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here or email minutes@benzinga.com.

Top 10 Financial Stocks For 2018: Greenlight Capital Re Ltd.(GLRE)

Advisors’ Opinion:

• [By Jim Robertson]

  Note that hedge fund mogul David Einhorn has been a director ofthe predecessor company since May 2006. Mr. Einhorn co-founded, and has served as the President of, Greenlight Capital, Inc., since January 1996. Funds managed by Greenlight are some ofthe Companys principal stockholders. Since July 2004, Mr. Einhorn has served as Chairman of the Board of Greenlight Capital Re, Ltd (Nasdaq: GLRE).

Top 10 Financial Stocks For 2018: Old National Bancorp Capital Trust I(ONB)

Advisors’ Opinion:

• [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.

Top 10 Financial Stocks For 2018: Brookline Bancorp Inc.(BRKL)

Advisors’ Opinion:

• [By Dividends4Life]

  Memberships and Peers: PBCT is a member of the S&P 500 and a member of the Broad Dividend Achievers Index. The company’s peer group includes: Bank of America Corporation (BAC) with a 0.3% yield, Brookline Bancorp, Inc. (BRKL) with a 3.7% yield and Westfield Financial Inc. (WFD) with a 3.5% yield.

Top 10 Financial Stocks For 2018: Nuveen Municipal Value Fund Inc.(NUV)

Advisors’ Opinion:

• [By Donald van Deventer]
  

  The latest implied forward rate forecast from Kamakura Corporation shows projected 10-year U.S. Treasury yields differing -0.07% to 0.03% from last week while fixed rate mortgage yields varied by -0.01% to 0.08%. Mortgage yields, determined by the Monday through Wednesday weekly survey of the Federal Home Loan Mortgage Corporation, lag Treasury movements simply because of the 3-day yield calculation used in the Primary Mortgage Market Survey. The 10-year U.S. Treasury yield is projected to rise from 2.92% at Thursday’s close (down 0.06% from last week) to 3.374% (down 0.06% from last week) in one year. The 10-year U.S. Treasury yield in ten years is forecast to reach 4.639%, 1 basis point lower than last week. The 15-year fixed rate mortgage rate is forecast to rise from the effective yield of 3.69% on Thursday (down 0.001% from last week) to 4.222% (down 0.006% from last week) in one year and 6.29% in 10 years, up 0.038% from last week. We explain the background for these calculations in the rest of this note, along with some mortgage servicing rights metrics. The forecast allows investors in exchange traded U.S. Treasury funds (TLT) (TBT), total return bond funds (BOND), municipal bonds (NUV) and exchange traded mortgage funds (REM) to assess likely total returns over the next 120 months. Treasury-related exchange traded funds affected by the forward rates include:

Top 10 Financial Stocks For 2018: Ishares Trust Dj Us Financial (IYF)

Advisors’ Opinion:

• [By Wayne Duggan]

  Investors looking to set up a pair trade to capitalize on the divergent paths of U.S. and European banks should consider going long the iShares Dow Jones US Financial (ETF) (NYSE: IYF) and short the Ishares MSCI Europe Fincls Sctr Indx Fd (NASDAQ: EUFN).

Top 10 Financial Stocks For 2018: iShares MSCI All Peru Capped ETF (EPU)

Advisors’ Opinion:

• [By Andrew Efimoff] Related Some Positive Indexing News For A Frontier Markets ETF Why The Frontier Markets ETF Slumped Last Year Status Quo Decisions Would Bode Well For PAK ETF (Seeking Alpha)
  Related EPU Peru ETF Confronts Politics Commodities Call For The Colombia ETF Gra帽a Y Montero May Have Peaked In 2016 (Seeking Alpha) Gainers Pakistan: Global XMSCI Pakistan ETF (NYSE: PAK) is up 5.67 percent after receiving MSCI’s Emerging Markets Index approval. Peru: iShares MSCI All Peru Capped Index Fund(NYSE: EPU) is up 2.15 percent after Kuzynski won Peru’s nail-biting election. Philippines: iShares MSCI Philippines Investable(NYSE: EPHE) is up 2.21 percent after Macquarie Research said President Elect Rodrigo Duterte would lift the Pilipino property market. India: iShares MSCI India ETF (NYSE: INDA) is up 1.96 percent after India’s government relaxed regulation, making it easier for domestic airlines to fly overseas.
  
  

  Related Link: Some Positive Indexing News For A Frontier Markets ETF

• [By Todd Shriber, ETF Professor]

  ARGT, the lone exchange traded fund dedicated to Argentine equities, is up 19.6 percent year-to-date. That is good for the second-best showing among Latin America single-country ETFs, trailing only the iShares MSCI Capped Peru Index Fund (NYSE: EPU).