The Dow Jones Industrials (DJINDICES: ^DJI ) returned to its glory days today, recovering from a morning decline that, at one point approached a 90-point drop, to finish the day higher by 13 points. That behavior was commonplace during the early part of 2013, as investors seemed to jump even on intraday dips to buy into the stock market rally. But for the market to return to its winning ways by overcoming adversity speaks well of the positive impact of earnings season on the stock market.
Yet, several Dow stocks weren't able to join in on the rebound. Microsoft (NASDAQ: MSFT ) was the biggest decliner in the Dow today, falling 1.8%. The success of some of its competitors in tackling the mobile space puts the tech giant's ongoing struggles to establish itself in the mobile-device arena in a much less favorable perspective, as investors appear to be losing patience with the company, even after a massive share-price advance so far this year. Microsoft has the financial resources to implement whatever growth initiatives it chooses, but the choices themselves need to be more successful if the company wants to recover from what could easily become a new malaise.
Top 5 Financial Companies To Watch In Right Now: Duke Realty Corporation (DRE)
Duke Realty Corporation operates as a real estate investment trust (REIT) in the United States. It offers leasing, property and asset management, development, construction, build-to-suit, and other tenant-related services. As of December 31, 2006, Duke Realty owned approximately 721 industrial, office, and retail properties comprising 113.8 million rentable square feet, as well as owned 6,400 acres of unencumbered land for development. The company has elected to be taxed as REIT under the Internal Revenue Code. As a REIT, it would not be subject to federal income tax purposes, provided that it distributes at least 90% of its REIT taxable income to its shareholders. The company was founded in 1972 and is headquartered in Indianapolis, Indiana with regional offices in Alexandria, Virginia; Atlanta, Georgia; Cincinnati, Columbus, and Cleveland, Ohio; Chicago, Illinois; Dallas and Houston, Texas; Minneapolis, Minnesota; Nashville, Tennessee; Orlando, Florida; Phoenix, Arizona; Raleigh, North Carolina; St. Louis, Missouri; and Tampa and Weston, Florida.
Advisors' Opinion:- [By Brad Thomas]
Other REITs mentioned: (O), (NNN), (STAG), (DCT), (EGP), (PDM), (DRE), (LRY)
Source: Chambers Street: More Liquidity Magic On The Way In REIT-DomDisclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. (More...)
Top 5 Financial Companies To Watch In Right Now: First Advantage Bancorp(FABK)
First Advantage Bancorp operates as the holding company for First Federal Savings Bank that provides various financial services to individuals and businesses in Tennessee. The company offers various deposit products comprising non-interest-bearing demand deposits, such as checking accounts; interest-bearing demand accounts, including NOW and money market accounts; regular savings accounts; and certificates of deposit. Its loan portfolio include real estate mortgage loans, including one-to-four family residential loans and nonresidential real estate loans; construction loans for one-to-four family homes, commercial, multi-family, and other nonresidential purposes; land loans for developing vacant land; consumer loans consisting primarily of home equity loans; and commercial business loans secured by equipment, inventory, or accounts receivable to small businesses. As of June 10, 2010, the company operated five full-service offices in Montgomery County. First Advantage Banco rp was founded in 1953 and is headquartered in Clarksville, Tennessee.
Advisors' Opinion:- [By Tim Melvin]
PL Capital has not filed any 13Ds in a couple of months, but earlier this year it disclosed a 5.99% position in shares of First Advantage Bancorp (FABK). The Clarksville, Tenn.-based bank has seven branches and trades at about 75% of book value. PL Capital also filed a 13D announcing 8% ownership of Mutual First Financial (MFSF) over the summer. The bank has 31 branches and is based in Muncie, Ind. — an area that has seen substantial consolidation in the past few years.
5 Best High Tech Stocks To Buy Right Now: American Municipal Income Portfolio(XAA)
American Municipal Income Portfolio, Inc is a closed ended fixed income mutual fund launched and managed by FAF Advisors, Inc. It is co-managed by Nuveen Fund Advisors, Inc. and Nuveen Asset Management, LLC. The fund invests in fixed income markets. It seeks to invest in fixed income securities including various municipal securities, which include municipal derivative securities, such as inverse floating rate and inverse interest-only municipal securities. The fund also invests in futures contracts, options on futures contracts, and options, as well as interest rate swaps, caps, and floors. American Municipal Income Portfolio, Inc was formed on June 25, 1993 and is domiciled in United States.
Top 5 Financial Companies To Watch In Right Now: Blackrock California Municipal 2018 Term Trust (BJZ)
Blackrock California Municipal 2018 Term Trust is a closed ended fixed income mutual fund launched by BlackRock, Inc. It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in portfolio of municipal securities. It invests in companies operating across transportation, hospital, lease, education, housing, industrial and pollution control, water and sewer, power, and tobacco sectors. Blackrock California Municipal 2018 Term Trust was formed in October 2001 and is domiciled in United States.
Top 5 Financial Companies To Watch In Right Now: Icahn Enterprises L.P. (IEP)
Icahn Enterprises L.P., through its subsidiaries, engages in investment, automotive, gaming, railcar, food packaging, metals, real estate, and home fashion businesses in the United States and internationally. Its Investment segment provides investment advisory, and administrative and back office services to the investment funds. The company�s Automotive segment offers powertrain energy, powertrain sealing and bearings, vehicle safety and protection, and aftermarket products for original equipment manufacturers. Icahn Enterprises L.P.�s Gaming segment owns and operates casino gaming properties. It has 9 casino facilities with 7,485 slot machines, 226 table games and 6,048 hotel rooms in Nevada, Mississippi, Indiana, Louisiana, New Jersey, and Aruba. The company�s Railcar segment designs, manufactures, sells, and leases hopper and tank railcars; custom designed railcar parts and other industrial products, primarily aluminum and special alloy steel castings; and provides r epair and maintenance services for railcar fleets. Icahn Enterprises L.P.�s Food Packaging segment produces and sells cellulosic, fibrous, and plastic casings for the processed meat and poultry industry. The company�s Metals segment collects, processes, and sells ferrous and non-ferrous metals, as well as processes and distributes steel pipe and plate products. Icahn Enterprises L.P.�s Real Estate segment engages in the rental of retail, office, and industrial properties; construction and sale of single-family and multi-family homes, lots in subdivisions and planned communities, and raw land for residential development; and golf and resort activities. The company�s Home Fashion segment manufactures, sources, distributes, markets, and sells home fashion consumer products, including bed, bath, basic bedding, and kitchen textile products. Icahn Enterprises G.P. Inc. serves as the general partner of the company. Icahn Enterprises L.P. was founded in 1987 and is headquartered in New York, New York.
Advisors' Opinion:- [By Igor Greenwald]
I'm describing, of course, Carl Icahn, who's known for raiding cash-rich and mismanaged companies. His savvy picks are working out great for investors who hold shares of Icahn Enterprises (IEP).
- [By Robert Rapier]
Carl Icahn’s majority-owned investment vehicle, Icahn Enterprises (NYSE: IEP), had already racked up a 37 percent return since Sept. 9 as of 10 days ago, when we recommended that subscribers along for the ride sell half of their position. The other half is now up more than 40 percent following today’s 6.5 percent jump in response to earnings that proved better than expected.
- [By Adam Levine-Weinberg]
Late last week, Carl Icahn's Icahn Enterprises (NASDAQ: IEP ) teamed up with Southeastern Asset Management to launch a competing bid for the struggling PC giant. Under this proposal, shareholders would receive $12 in cash but would continue to own a "stub" stock (with an estimated value of $1.65). Alternatively, shareholders would have the option to decline the cash payment in return for 7.27 additional shares.
- [By Alex Planes]
Super investor Carl Icahn of Icahn Enterprises (NASDAQ: IEP ) has presented his own $15 per-share offer, but this would keep Dell public while Icahn acquired up to 58% of the company's outstanding shares. Icahn already owns 10% of Dell's shares, and Icahn loyalists hold another 5%. He looks poised to raise that stake significantly over the next few trading days: Icahn Enterprises has been cleared to bypass the standard waiting period to raise an investor's stake up to 25%. Icahn now presents a significant roadblock to the Dell buyout, as his long history of activist investing portends a fight for control.
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