Freddie Mac released its weekly update on national mortgage rates this morning, showing a slowing, but continued slide, in rates across the board.
For the fourth week in a row, 30-year fixed rate mortgages (FRM) declined, falling one basis point to 3.40%. Shorter-term 15-year FRMs likewise fell for their fourth straight week, dropping three basis points to 2.61%.
Variable rate mortgages were also down. One-year ARMs lost a single basis point, falling to 2.62%. And 5/1 ARMs lost two basis points to reach 2.58%.
Result? It's now cheaper to get a mortgage in which the rate can't possibly go up for the next 15 years, than it is to take out a mortgage whose rate could skyrocket just a year from now.
While not entirely unheard of, this kind of event is exceedingly rare. Freddie Mac spokesman Chad Wandler confirms that in the past 20 years or so, there have really been only two periods in which one-year ARMs cost more than 15-year mortgages -- in late 2000, when the yield curve was inverted, and then again in 2009, when ARM premiums peaked.
10 Best Trucking Stocks For 2015: Hewlett-Packard Company(HPQ)
Hewlett-Packard Company and its subsidiaries provide products, technologies, software, solutions, and services to individual consumers and small- and medium-sized businesses (SMBs), as well as to the government, health, and education sectors worldwide. Its Personal Systems Group segment offers commercial personal computers (PCs), consumer PCs, workstations, calculators and other related accessories, and software and services for the commercial and consumer markets. The company?s Services segment provides consulting, outsourcing, and technology services to infrastructure, applications, and business process domains. Its Imaging and Printing Group segment provides consumer and commercial printer hardware, supplies, media, and scanning devices, such as inkjet and Web solutions, laser jet and enterprise solutions, managed enterprise solutions, graphics solutions, and printer supplies. The company?s Enterprise Servers, Storage, and Networking segment offers industry standard s ervers, business critical systems, storage platforms, and networking products, including switches, routers, wireless LAN, and TippingPoint network security products. Its HP Software segment provides enterprise IT management software, information management solutions, and security intelligence/risk management solutions. The company?s HP Financial Services segment offers leasing, financing, utility programs, and asset recovery services; and financial asset management services for enterprise customers, as well as specialized financial services to SMBs, and educational and governmental entities. Hewlett-Packard Company also provides business intelligence solutions that enable businesses to standardize on consistent data management schemes, connect and share data across the enterprise, and apply analytics, as well as licenses its specific technology to third parties. The company was founded in 1939 and is headquartered in Palo Alto, California.
Advisors' Opinion:- [By Bryan Murphy]
There's no denying that the Hewlett-Packard Company (NYSE:HPQ) - largely under the initially-shaky guidance of CEO Meg Whitman, though former CEO's Leo Apotheker and Mark Hurd didn't exactly help - has been a train wreck of a company of late. What was once the world's second-most popular name in the personal computer industry completely whiffed when it tried to throw its hat into the smartphone and tablet ring, then decided to get out of the PC business and focus on more lucrative cloud industries, and then just a few months later decided to stay in the personal computer business after all. As it turns out, HP did neither very well in the meantime. Hewlett-Packard investors have watched revenue fall from 2011's peak of $126.8 billion to what will likely be a top line of $108.9 billion next year, and worse, shareholders have watched HPQ shares tumble from a price of $54 in early 2010 to a low of $11.35 late last year. There's no way of sugar-coating it: That's an investment disaster. Yet...
- [By Matt Thalman]
Before we hit the Dow losers, let's look at this week's best-performing component. After falling slightly more than 4% two weeks ago, Hewlett-Packard (NYSE: HPQ ) rose 3.38% this past week, even after a 0.95% drop on Friday. The continued drama involving Dell may have helped push the stock higher, as a higher buyout offer for the company may indicate that HP deserves an additionally higher market cap. Furthermore, the more negative attention Dell attracts, the less likely consumers are going to want to purchase a Dell, which could also mean higher sales for HP.�
- [By Travis Hoium]
Hewlett-Packard (NYSE: HPQ ) is the worst-performing stock on the Dow, falling 3.3%. Research firm Gartner is reporting a 20.5% decline in PC sales in Western Europe during the first quarter. Competing research firm IDC said it expects IT spending worldwide to grow just 4.9% this year, down from 5.6% a year ago. Smartphones will drive what little growth there is, and they're not HP's strong suit. This is still a tough stock to bet on, given slowing IT growth and the rapid decline of a PC business that once drove HP's results.�
Best Cheap Companies To Own For 2014: Compass Minerals Intl Inc(CMP)
Compass Minerals International, Inc., through its subsidiaries, produces and markets inorganic mineral products primarily in North America and the United Kingdom. The company operates in two segments, Salt and Specialty Fertilizer. The Salt segment produces salt and magnesium chloride for use in road deicing and dust control, food processing, water softeners, pool salt, and agricultural and industrial applications. This segment also purchases potassium chloride and sells as a finished product. The Specialty Fertilizer segment produces and markets sulphate of potash crop nutrients and industrial grade sulfate of potash for use in the production of specialty fertilizers for vegetables, fruits, potatoes, nuts, tobacco, and turf grass. The company also produces and markets consumer deicing and water conditioning products, ingredients used in consumer and commercial food preparation, and other mineral-based products for consumer, agricultural, and industrial applications. In ad dition, Compass Minerals provides records management services to businesses located in the U.K. The company operates rock salt mines in Goderich, Ontario, Canada; and Winsford, Chesire, the United Kingdom. It primarily serves producers of intermediate chemical products used in the production of vinyls and other chemicals, and pulp and paper, as well as water treatment and other industrial uses. The company markets its products through direct sales personnel, contract personnel, and a network of brokers or manufacturers? representatives. Compass Minerals International, Inc., formerly known as Salt Holdings Corporation, was founded in 1993 and is headquartered in Overland Park, Kansas.
Advisors' Opinion:- [By cody56]
Meridian Growth Fund performance
Compass Minerals�(CMP) is a leading producer of rock salt and specialty potash fertilizer. Its unique collection of resource assets has helped the company generate historically high returns on capital. We invested in Compass as we believed that earnings were due to turn after four years of weak road salt demand driven by mild Northeast winters and production problems at its potash mines. During 2013 the potash industry was rocked by the potential collapse of a European cartel, which led to falling potash prices. Facing significant uncertainty for the future of the potash market, we sold the stock.We continue to remain focused on individual stock selection and portfolio construction that identifies quality companies that we believe are experiencing temporary disruptions to their businesses. These disruptions enable us to buy the businesses at attractive prices and provide the portfolio with what we believe is an attractive risk-reward profile for our shareholders.
- [By Brendan Mathews]
Compass Minerals (NYSE: CMP ) is a sleepy producer of a boring product: rock salt. But it has a strong competitive advantage. It owns the world's largest rock salt mine, which luckily is conveniently located near the major deicing markets of the Great Lakes region. This combination of a great mining resource and ideal location provide the company with a wide, crocodile-filled competitive moat.
Best Cheap Companies To Own For 2014: Wendy's/Arby's Group Inc.(WEN)
The Wendy's Company operates as a quick-service hamburger company in the United States. The company, through its subsidiary, Wendy's International, Inc., operates as a franchisor of the Wendy's restaurant system. As of December 26, 2011, the Wendy's system comprised approximately 6,500 franchise and company restaurants in the United States and the United States territories, as well as in 26 other countries worldwide. The company was formerly known as Wendy's/Arby's Group, Inc. and changed its name to The Wendy's Company in July 2011. The Wendy's Company was founded in 1884 and is headquartered in Dublin, Ohio.
Advisors' Opinion:- [By Douglas A. McIntyre]
Burger Kind has few advantages over its much larger�rival McDonald’s Corp. (NYSE: MCD), which has almost 13,000 locations in the United States.�Burger King has just�over 7,000. Wendy’s Co. (NYSE: WEN) is gaining with almost 6,000 stores. Burger King’s sales last year were less than $2 billion, in contrast to McDonald’s sales of $27.5 billion.
- [By Rich Duprey]
Although Wendy's (NASDAQ: WEN ) second-quarter profit was itself notable, particularly after McDonald's own rather lackluster performance, it's the news that it is selling 425 of its restaurants that was the real eye-opener.
- [By Rick Aristotle Munarriz]
Alamy Things are going from bland to worse at McDonald's (MCD). The world's largest burger chain capped off what it rightfully classified as a "challenging" year on another ho-hum note with Thursday morning's quarterly report. Global comparable sales declined as a decline in store traffic was more than enough to offset the fact that patrons were spending more on average. The 0.1 percent downtick in worldwide comparable sales may not seem like much, but things are degrading at a more dramatic level closer to home. Stateside comps plunged 1.4 percent during the final three months of 2013. Something's just not right at McDonald's. A Quarter That Floundered Another uninspiring quarter at the fast food giant is no longer a surprise. McDonald's ended an impressive nearly 10 year streak of positive monthly comparable sales in late 2012, and business has been sluggish ever since. Opinions vary on the reasons for the iconic chain's lackluster performance. Some argue that it shouldn't have strayed from the Dollar Menu that increased its magnetism to cost-conscious diners. Others suggest that it was the push to offer higher-priced entrees and beverages -- adding premium chicken-topped salads and fancy coffee drinks to the menu -- that alienated its core customers. There may be some truth to both theories, and McDonald's has tried to address them by introducing the Dollar Menu & More late last year -- highlighting the popular low-cost offerings, but enhancing it by tacking on some higher-priced value items. The move should have rallied thrifty loyalists around the chain, but the decline in store traffic during the fourth quarter and all of 2013 is proof that it wasn't enough. A Costly Casual Culture Clash The surprising decline in traffic at McDonald's comes at a challenging time for the fast food industry. But not every burger flipper is smarting. A week earlier, Wendy's (WEN) had posted encouraging preliminary results for the same three months, with North
- [By Jon C. Ogg]
We still have many key oil and energy companies reporting in the week ahead but we have now seen the sector leaders report earnings. Earnings previews have been prepared for the following stocks:
CME Group Inc. (NASDAQ: CME) Hertz Global Holdings Inc. (NYSE: HTZ) Kellogg Company (NYSE: K) DirecTV (NASDAQ: DTV) Office Depot Inc. (NYSE: ODP) and OfficeMax Incorporated (NYSE: OMX) Tesla Motors Inc. (NASDAQ: TSLA) T-Mobile US, Inc. (NYSE: TMUS) American Water Works Company Inc. (NYSE: AWK) Duke Energy Corp. (NYSE: DUK) QUALCOMM Inc. (NASDAQ: QCOM) Time Warner Inc. (NYSE: TWX) Whole Foods Market Inc. (NASDAQ: WFM) Groupon Inc. (NASDAQ: GRPN) Molycorp Inc. (NYSE: MCP) The Walt Disney Company (NYSE: DIS) Priceline.com Inc. (NASDAQ: PCLN) The Wendy’s Company (NYSE: WEN)CME Group Inc. (NASDAQ: CME) reports earnings on Monday morning. With all of the exchange mergers of the last decade this remains one of the dominant exchanges. Estimates are $0.73 EPS and $713.3 million in revenue. Keep in mind that this exchange is now worth $25 billion. At $74.70, the consensus analyst price target is only just barely higher at almost $75.50.
Best Cheap Companies To Own For 2014: Rent-A-Center Inc.(RCII)
Rent-A-Center, Inc., together with its subsidiaries, primarily engages in leasing household durable goods to customers on a rent-to-own basis. The company?s stores offer durable products, such as consumer electronics, appliances, computers, and furniture and accessories under flexible rental purchase agreements that allow the customer to obtain ownership of the merchandise at the conclusion of an agreed upon rental period. It also provides merchandise on an installment sales basis in its stores. As of December 31, 2010, the company operated 3,008 company-owned stores in the United States, and in Canada, Puerto Rico, and Mexico, including 42 retail installment sales stores under the names ?Get It Now? and ?Home Choice?; and 18 rent-to-own stores located in Canada under the ?Rent-A-Centre? name. It also operates 209 franchised rent-to-own stores in 32 states under the ColorTyme trade name; and 384 kiosk locations under the ?RAC Acceptance? model. In addition, the company, th rough its ColorTyme?s franchised stores, offers custom rims and tires for sale or rental under the trade names ?RimTyme? or ?ColorTyme Custom Wheels?. Rent-A-Center, Inc. was founded in 1986 and is headquartered in Plano, Texas.
Advisors' Opinion:- [By Anna Prior]
Among the companies with shares expected to actively trade in Friday’s session are Lorillard Inc.(LO), Wells Fargo (WFC) & Co. and Rent-A-Center Inc.(RCII)
- [By Wallace Witkowski]
Rent-A-Center Inc. (RCII) �shares dropped 9.3% to $26.35 on moderate volume after the company forecast second-quarter results below the Wall Street estimates, noting that ��m]acro-economic pressures continue to burden our financially constrained customers.��
Best Cheap Companies To Own For 2014: Partner Communications Company Ltd.(PTNR)
Partner Communications Company Ltd. provides various telecommunications services in Israel. It offers cellular telephony services on GSM/GPRS and UMTS/HSDPA networks. The company also provides basic services, including domestic mobile calls, international dialing, roaming, voice mail, short message services, intelligent network services, content based on its cellular portal, data and fax transmission, and other services. In addition, it offers Internet services provider services that provides access to the Internet, as well as home WiFi networks; value added services, such as anti-virus and anti-spam filtering; and transmission services; and Web video on demand services, music tracks, and games. Further, the company provides voice over broadband and primary rate interface fixed-line telephone services; and data capacity services. Additionally, it offers content services comprising voice mail, text, and multimedia messaging, as well as downloadable wireless data application s, including ring tones, music, games, and other informational content; and sells handsets, phones, routers, and related equipment. The company markets its products through its sales centers, business sales representatives, traditional networks of specialized dealers, and non-traditional networks of retail chains and stores under the Orange brand name. Partner Communications Company Ltd. was founded in 1997 and is headquartered in Rosh Ha-ayin, Israel.
Advisors' Opinion:- [By Garrett Cook]
Telecommunications services shares jumped around 1.19 percent in today’s trading. Top gainers in the sector included NQ Mobile (NYSE: NQ), China Unicom (Hong Kong) (NYSE: CHU), and Partner Communications Company (NASDAQ: PTNR).
- [By Roberto Pedone]
Another under-$10 wireless telecom player that's starting to move within range of triggering a major breakout trade is Partner Communications (PTNR), a telecommunications company, provides cellular and fixed-line telecommunication services in Israel. This stock is off to a strong start in 2013, with shares up sharply by 29%.
If you take a look at the chart for Partner Communications, you'll notice that this stock has been trending sideways for the last month, with shares moving between $7.28 on the downside and $7.96 on the upside. Shares of PTRN are bucking the overall market weakness today as the stock starts to move within range of triggering a breakout trade above the upper-end of its sideways trading chart pattern.
Market players should now look for long-biased trades in PTNR if it manages to break out above some near-term overhead resistance levels at $7.80 to $7.85 a share and then once it clears its 52-week high at $7.96 a share with high volume. Look for a sustained move or close above those levels with volume that registers near or above its three-month average volume of 107,303 shares. If that breakout triggers soon, then PTNR will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $10 to $12.20 a share.
Traders can look to buy PTNR off any weakness to anticipate that breakout and simply use a stop that sits right below some key near-term support levels at $7.38 to $7.28, or below its 50-day at $6.97 a share. One can also buy PTNR off strength once it clears those breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point.
- [By Eddie Staley]
Telecommunications services shares jumped around 1.19 percent in today’s trading. Top gainers in the sector included NQ Mobile (NYSE: NQ), China Unicom (Hong Kong) (NYSE: CHU), and Partner Communications Company (NASDAQ: PTNR).
Best Cheap Companies To Own For 2014: Ford Motor Credit Company(F)
Ford Motor Company primarily develops, manufactures, distributes, and services vehicles and parts worldwide. It operates in two sectors, Automotive and Financial Services. The Automotive sector offers vehicles primarily under the Ford and Lincoln brand names. This sector markets cars, trucks, and parts through retail dealers in North America, and through distributors and dealers outside of North America. It also sells cars and trucks to dealers for sale to fleet customers, including daily rental car companies, commercial fleet customers, leasing companies, and governments. In addition, this sector provides retail customers with a range of after-sale vehicle services and products in the areas, such as maintenance and light repair, heavy repair, collision repair, vehicle accessories, and extended service contracts under the Ford Service, Lincoln Service, Ford Custom Accessories, Ford Extended Service Plan, and Motorcraft brand names. The Financial Services sector offers vari ous automotive financing products to and through automotive dealers. It offers retail financing, which includes retail installment contracts for new and used vehicles; direct financing leases; wholesale financing products that comprise loans to dealers to finance the purchase of vehicle inventory; loans to dealers to finance working capital, purchase real estate dealership, and/or make improvements to dealership facilities; and other financing products, as well as provides insurance services. Ford Motor Company was founded in 1903 and is based in Dearborn, Michigan.
Advisors' Opinion:- [By Daniel Miller]
It's been a busy couple weeks for Detroit automakers Ford (NYSE: F ) and General Motors (NYSE: GM ) . Both beat estimates across the board on their first-quarter-earnings reports and gave investors hope that the losses in Europe could be subsiding. Both companies also reported sales figures for the month of April, and buried in the numbers is some great news. Let's take a look at some details between sales and market share and see which automaker is gaining ground.
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