At least one fatal accident involving car sharing has already occurred, resulting in litigation over financial responsibility. In February 2012, the 24-year-old driver of a car rented from one of the so-called peer-to-peer rental companies caused an accident in Boston, injuring four other parties. The driver died in the crash.
All four surviving parties sued the estate of the driver who died and caused the crash as well as the car's owner, a former Google systems administrator named Liz Fong-Jones, and RelayRides, the peer-to-peer company which arranged the rental, according to William Doyle Jr., the attorney for Kevan Knecht, one of the injured passengers. After some legal wrangling, the four cases were settled out of court for an undisclosed amount, said Doyle, who is based in Boston.
Hot Semiconductor Stocks To Invest In 2015: Ishares Gold Trust (IAU)
ishares Gold Trust (the Trust), incorporated on January 21, 2005, is to own gold transferred to the Trust in exchange for shares issued by the Trust (Shares). Each Share represents a fractional undivided beneficial interest in the net assets of the Trust. The assets of the Trust consist of gold held by the Trust�� custodian on behalf of the Trust. The sponsor of the Trust is BlackRock Asset Management International Inc. (the Sponsor). The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank, N.A., London branch (the Custodian).
The activities of the Trust are limited to issuing Baskets of Shares in exchange for the gold deposited with the Custodian as consideration; selling gold as necessary to cover the Sponsor�� fee, Trust expenses not assumed by the Sponsor and other liabilities, and delivering gold in exchange for Baskets of Shares surrendered for redemption. It does not engage in any activities designed to obtain a profit from, or to ameliorate losses caused by, changes in the price of gold.
Advisors' Opinion:- [By Peter Pham]
Although the Fed doubled its bond buying last September, the top gold exchange-traded funds, or ETFs, including SPDR Gold Shares (NYSEMKT: GLD ) , iShares Gold Trust (NYSEMKT: IAU ) , and ETFS Physical Swiss Gold Shares (NYSEMKT: SGOL ) , have dropped around 25% each over the last 12 months, which speaks to gold's extreme vulnerability to QE tapering. Even the mere mention of tapering seems to send gold into a tailspin, as seen with SPDR Gold Shares, which has plunged 24% year to date and also suffered massive losses with its physical holdings. Market Vectors Gold Miners ETF (NYSEMKT: GDX ) has suffered a massive drop of 48% so far in 2013, making it one of the worst-performing ETFs this year.
10 Best Prefered Stocks To Own For 2014: Richoux Group PLC (RIC)
Richoux Group plc is a United Kingdom-based company engaged in the operation of restaurants. The Company has three segments: Richoux, Villagio Zippers and Dean�� Diner. Richoux restaurants operate in the areas of central London. The restaurants are open all day for breakfast, lunch, afternoon tea and dinner. The restaurants also offers patisserie. Zippers is a spacious, stylish and contemporary restaurant with a relaxed ambience. Dean's Diner offers a range of freshly prepared dishes. Villagio is a modern local Italian restaurant with a menu suitable for the whole family. The Company�� subsidiaries include Newultra Limited and Richoux Limited. Advisors' Opinion:- [By Roberto Pedone]
Richmont Mines (RIC) engages in the mining, exploration and development of mining properties, principally gold in Canada. This stock closed up 2.4% to $1.68 in Tuesday's trading session.
Tuesday's Range: $1.61-$1.68
52-Week Range: $1.31-$5.50
Tuesday's Volume: 76,000
Three-Month Average Volume: 101,786From a technical perspective, RIC bounced higher here right off its 50-day moving average of $1.59 with decent upside volume. This stock has been uptrending strong for the last month and change, with shares moving higher from its low of $1.31 to its recent high of $1.71. During that move, shares of RIC have been making mostly higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of RIC within range of triggering a near-term breakout trade. That trade will hit if RIC manages to take out some near-term overhead resistance at $1.71 to $1.80 with high volume.
Traders should now look for long-biased trades in RIC as long as it's trending above its 50-day at $1.59 or above more near-term support levels at $1.50 to $1.44 and then once it sustains a move or close above those breakout levels with volume that hits near or above 101,786 shares. If that breakout triggers soon, then RIC will set up to re-test or possibly take out its next major overhead resistance levels at $2.10 to $2.20. Any high-volume move above those levels will then give RIC a chance to tag its 200-day moving average at $2.48.
- [By Sally Jones]
Richmont Mines Inc. (RIC)Down 70% over 12 months, Richmont Mines Inc. has a market cap of $56.23 billion, and trades with a P/B of 0.60.
10 Best Prefered Stocks To Own For 2014: Invesco Dynamic Credit Opportunities Fund (VTA)
Van Kampen Dynamic Credit Opportunities Fund (the Fund) is a diversified, closed-end management investment company. The Fund focuses to invest primarily in loan and debt instruments (and loan-related or debt-related instruments) (collectively, credit securities) of issuers that operate in a variety of industries and geographic regions located throughout the world. The Fund's investment adviser is Van Kampen Asset Management (the Adviser). The Fund's investment subadviser is Avenue Europe International Management, L.P. (the Subadviser).
The Fund will invest at least 80% of its net assets (including borrowings for investment purposes) in any combination of credit securities, including senior secured floating rate and fixed-rate loans (Senior Loans); second lien or other subordinated or unsecured floating rate and fixed-rate loans or debt, and other debt obligations, including high-yield, high-risk obligations (such as securities that are rated below investment grade by a nationally recognized credit rating organization or unrated securities that are deemed to be of comparable quality). The Fund may also invest up to 20% of its assets in structured products, including collateralized debt and loan obligations (collectively, structured products). The Fund may also invest in swaps, including credit default, total return, index and interest rate swaps. To the extent that the Fund invests in structured products or swaps that adjust exposure to credit securities, such investments will be counted for purposes of the Fund's 80% policy.
The Fund may invest in credit securities of any credit quality, and may invest without limitation in obligations below investment grade. Any of the Fund's investments may be issued by non-stressed, stressed and distressed issuers, including issuers in bankruptcy, provided that with respect to the portion of the Fund's assets to be managed by the Subadviser, the Subadviser will generally not invest in securities that at the time of investment have a total! yield above the applicable Avenue-Credit Thresholds. The Fund may invest in credit securities of any maturity or duration, and although the Fund will not be managed for maturity or duration, given the nature of the Fund's portfolio, the Fund's portfolio will likely have a low average duration (generally, four years or less). In addition, the Fund may invest up to 20% of its assets in equity securities obtained through debt restructurings or bankruptcy proceedings. The Fund may utilize credit securities derivative instruments.
Advisors' Opinion:- [By John Dowdee]
The following 10 funds satisfied all of these conditions:
BlackRock Float Rate Strategies (FRA). This CEF sells at a discount of 3%, which is low compared to an average premium of 2% over the past year. The distribution has been managed at 6.1% and a small amount (less than 10%) has been return of capital (ROC). However, this has not negatively affected net asset value (NAV) so has not been destructive. The fund holds 447 securities, with 90% in floating rate loans. FRA utilizes 27% leverage and has an expense ratio of 1.7%, including interest payments. Eaton Vance Floating Rate (EFR). This CEF sells at a 1% premium, which is low compared to an average premium of 5% over the past year. The distribution is 6.2%, none of which was ROC. The fund holds 800 securities, with 90% in floating rate loans. About 85% of the securities are from U.S. companies. EFR utilizes 35% leverage and has an expense ratio of 1.8% including interest payments. ING Prime Rate Trust (PPR). This CEF sells for a premium of 2%, which is below the average premium of 5%. It has a distribution of 6.8%, none of which was ROC. The fund has 350 holdings, virtually all in senior loans and from US companies. PPR utilizes 29% leverage and has a high expense ratio of 2.1%, including interest payments. Invesco VK Dynamic Credit Opportunities (VTA). This CEF sells for a discount of 5%, which is below the average discount of 1%. It has a distribution of 7.1%, none of which was ROC. The fund has 495 holdings, with 76% in floating rate loans. About 25% of the loans are from non-US companies. VTA utilizes a relatively low 20% leverage but still has a high expense ratio of 2.1%, including interest payments. Invesco VK Senior Income (VVR). This CEF sells for a discount of 1%, which is below the average premium of 3%. It has a distribution of 7.1%, none of which was ROC. The fund has over 500 holdings, with 89% in floating rate loans. Almost all (95%) securities are from US companies. VVR ut - [By Harry Domash, Publisher, DividendDetective and Winning Investing]
If you're worried about rising interest rates then Invesco Dynamic Credit Opportunities, ticker (VTA), invests in below investment-grade floating rate bank loans. In other words, these are called senior loans.
They're bank loans that adjust their payouts based on prevailing interest rates, so if interest rates go up, these loans will pay higher dividends, so this is a good hedge if you are concerned about rising interest rates.
Another one that's really performed, and it's paying a 6.9% yield right now, Guggenheim Strategic Opportunities, ticker (GOF), that's actually Claymore Guggenheim, holds corporate and government backed, that it's mostly investment-grade and it's paying a 10.1% yield right now, which is pretty high. Those are three that I could recommend right now.
Steven Halpern: Well, we really appreciate you joining us today and sharing your expertise. Thank you.
Harry Domash: You're welcome.
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10 Best Prefered Stocks To Own For 2014: Bitauto Holdings Limited (BITA)
Bitauto Holdings Limited provides Internet content and marketing services for the automotive industry primarily in the People?s Republic of China. The company offers subscription services to new automobile dealers that enable them to list pricing and promotional information on its bitauto.com Website and partner Websites, and to interact with consumers through its virtual call center, as well as provides advertising service to dealers and automakers on its bitauto.com Website. It also offers listing services to used automobile dealers, which enable them to display used automobile inventory information through its ucar.cn Website and partner Websites; and advertising services to used automobile dealers and automakers with certified pre-owned automobile programs on its ucar.cn Website. In addition, the company provides digital marketing solutions, including Website creation and maintenance, online public relationship, online marketing campaigns, and advertising agent service s. Bitauto Holdings Limited was founded in 2000 and is headquartered in Beijing, the People?s Republic of China.
Advisors' Opinion:- [By MONEYMORNING.COM]
But the biggest winner is Bitauto Holdings Ltd. (NYSE ADR: BITA), a leading e-commerce player focused on China's surging auto market.
Radical Technology Profits Editor Michael Robinson told us about Bitauto in the February Private Briefing report "Detroit + Silicon Valley + Beijing = One Heck of a Profit Play."
- [By Victor Selva]
The firm is currently Zacks Rank # 3��old, and it also has a longer-term recommendation of ��eutral�� A Hold rating indicates that the stock, over the next 1 to 3 months, will perform at an annualized rate of 10.56%, very similar to the S&P 500. For investors looking for a better Zacks Rank, Bitauto Holdings Limited (BITA), E-Commerce China Dangdang Inc. (DANG) and Vipshop Holdings Limited (VIPS) could be better options.
- [By Jake L'Ecuyer]
Tech sector was the leading decliner in the US market today. Among the sector stocks, Bitauto Holdings (NYSE: BITA) was down more than 8.6 percent, while Ku6 Media Co (NASDAQ: KUTV) tumbled around 8.4 percent.
10 Best Prefered Stocks To Own For 2014: Pearson Plc(PSO)
Pearson plc engages in education, business information, and consumer publishing businesses worldwide. The company?s North American Education segment provides higher education services, such as higher education publishing; MyLab digital learning, homework, and assessment programs; and LearningStudio, a suite of learning management technologies, including eCollege and Fronter. This segment also offers assessment and information services; school curriculum services consisting of school publishing; enVisionMATH, a digital math curriculum; America's Choice school reform services; online learning platform for teachers and students; Poptropica video game; digital programs, such as digits, a digital middle school math?s program; Writing Coach, a blended print and online program; and Online Learning Exchange, a personalized digital learning program. Its International Education segment provides educational content, assessment, technologies, and related services to educational inst itutions. This segment offers spoken English training for adults, as well as provides eCollege and Fronter learning management systems. It also offers MyLab digital learning, homework, and assessment programs. The company?s Professional segment focuses on publishing, training, testing, and certification for professionals. Its Financial Times group segment provides business and financial news, data, comment, and analysis in print and online formats to the international business community. Its products include Financial Times newspaper; FT.com Website; financial magazines and online services; and Mergermarket, which provides forward-looking insights and intelligence to businesses and financial institutions. The company?s Penguin Group segment engages in book publishing business, under the Hamish Hamilton, Putnam, Berkley, Viking, Dorling Kindersley, Puffin, and Ladybird imprints. It also offers ebooks. The company was founded in 1844 and is headquartered in London, the Unite d Kingdom.
Advisors' Opinion:- [By Andrew Marder]
What's in it for Barnes & Noble investors?
The reason the shares jumped is that the Nook is like a treasure chest, hidden deep in the world of Barnes & Noble. Microsoft purchased a $300 million stake in the Nook business last year, and then late in the year, Pearson (NYSE: PSO ) spent $90 million on a 5% stake. That purchase valued the Nook business at $1.79 billion, up from a $1.7 billion valuation based on Microsoft's investment. - [By Mike Arnold]
Collectively, Glacier generated $21.2 million EBITDA in the first-half of 2013, of which 56% represents $11.9 million, or $23.8 million annualized. Comparables such as Daily Journal Corp. and to a lesser extent, Pearson plc (PSO) trade at EV/EBITDA multiples of 12x and 11.5x, respectively. If we assume 10x for the Glacier's business information services is a better proxy of value, we arrive at $238 million valuation for the segment.
- [By Lisa Levin]
Publishing - Books: This industry moved up 1.52% by 10:25 am. The top performer in this industry was Pearson plc (NYSE: PSO), which gained 1.8%. Pearson shares have dropped 1.94% over the past 52 weeks, while the S&P 500 index has gained 16.94% in the same period.
- [By Mark Rogers]
LONDON -- The shares of�Pearson� (LSE: PSON ) (NYSE: PSO ) were flat at 1,146p early this afternoon after the�Financial Times�publisher reported first-quarter sales rising 3%, to 拢1.2bn.
10 Best Prefered Stocks To Own For 2014: Commonwealth Bank of Australia (CBA)
Commonwealth Bank of Australia (the Bank) is engaged in the provision of a range of banking and financial products and services to retail, small business, corporate and institutional clients. The Bank is a provider of integrated financial services, including retail, business and institutional banking, superannuation, life insurance, general insurance, funds management, broking services and finance company activities. Its operating segments include Retail Banking Services, Business and Private Banking, Institutional Banking and Markets, Wealth Management, New Zealand, Bankwest and Other. Its retail banking services include home loans, consumer finance, retail deposits and distribution. Its business and private banking include corporate financial services, regional and agribusiness banking, local business banking, private bank and equities and margin lending. The Bank and its subsidiaries ceased to be a substantial holder in Ten Network Holdings Limited, as of September 12, 2012. Advisors' Opinion:- [By Michael Ugulini]
Investors can take away that Craft Brew Alliance (CBA) is experiencing growth in all brands as noted by the company's President of Commercial Operations, Mr. Andy Thomas in an August Earning's Call, "For the first time in CBA's history, CBA's quarterly growth was propelled by growth in all brand families and across all CBA sales divisions. Our overall plus 12% STR growth came from a healthy blend of plus 23% growth for Kona, plus 14% growth for Redhook, and plus 1% growth for Widmer Brothers; all accompanied by the continued expansion of Omission in our international markets."
10 Best Prefered Stocks To Own For 2014: AG Mortgage Investment Trust Inc (MITT)
AG Mortgage Investment Trust, Inc., incorporated on March 1, 2011, is a real estate investment trust (REIT)focused on investing in, acquiring and managing a diversified portfolio of residential mortgage assets, other real estate-related securities and financial assets, which it refers to as its target assets. The Company is externally managed and advised by AG REIT Management, LLC.
The Company has invested in residential mortgage-backed securities (RMBS), for which a United States government agency, such as the Government National Mortgage Association (Ginnie Mae), or a federally-chartered corporation, such as the Federal National Mortgage Association (Fannie Mae), or the Federal Home Loan Mortgage Corporation (Freddie Mac), guarantees payments of principal and interest on the securities. Its Agency RMBS investments include mortgage pass-through securities and may include collateralized mortgage obligations (CMOs). Its non-Agency RMBS investments may include fixed-and floating-rate securities, including investment grade and non-investment grade.
Advisors' Opinion:- [By Jon C. Ogg]
Ag Mortgage Investment Trust (NYSE: MITT) also has a Buy rating, with a target of $19.00, versus a recent price of $17.45. The last book value was $19.78, and the end of August projected book value was $19.58.
- [By Sean Williams]
For this week's round of "Better Know a Stock," I'm going to take a closer look at AG Mortgage Investment Trust (NYSE: MITT ) .
What AG Mortgage Investment Trust does
AG Mortgage Investment Trust is a mortgage real estate investment trust that invests in agency (government-backed) and non-agency (non-government backed) mortgage-backed securities and other real estate-related securities and assets. As of the first quarter, 73.5% of its investment portfolio was tied up in agency residential-MBSes, with the remaining 26.5% made up on non-agency RMBSes, commercial loans, commercial MBSes, and other asset-backed securities.
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