All eyes are on JC Penney (JCP) today. Shares are up 6.67% to $7.68 ahead of the release of its third-quarter earnings at today�� market close. Several retailers also appear to be in fashion with investors this afternoon.
The Street expects J.C.Penny to post a loss of 80 cents a share as revenue falls 1.1% to $2.81 billion.
JC Penney has made headlines in the past for its major ups and downs, which analysts at Estimize.com noted among other things in an update where they write,
JCPenney�� stock never recovered from when it got slammed amid market volatility in late September and early October. Shares of the troubled department store company are down 30% from their mid-September highs.
[We] are looking for JCPenney to increase its sales by 2.8% compared to the same quarter of last year and lose a lot less money. [We] are forecasting that the deficit will shrink to 78 cents per share, which is a nickel per share better than Wall Street is giving the company credit for. JCPenney is expected to cut its quarterly loss by about 57% which is a step in the right direction, but clearly this company still has a lot of work to do.
Hot Sliver Companies To Buy Right Now: Northstar Realty Finance Corp. (NRF)
NorthStar Realty Finance Corp. operates as a real estate investment trust in the United States. It invests in real estate debt business, which acquires, originates, and structures debt investments secured primarily by income-producing real estate properties; real estate securities business that invests in commercial real estate debt securities, including commercial mortgage backed securities, REIT unsecured debt, and credit tenant loans; and net lease properties business, which acquires properties that are primarily net leased to corporate tenants. The company has elected to be taxed as a REIT and it would not be subject to federal income tax, provided it distributes at least 90% of its taxable income to its shareholders. NorthStar Realty Finance was founded in 1997 and is based in New York City.
Advisors' Opinion:- [By alicet236]
Northstar Realty Finance Corporation (NRF): Chairman and CEO David T. Hamamoto Sold 639,182 Shares
Chairman and CEO of Northstar Realty Finance Corporation (NRF) David T. Hamamoto sold 639,182 shares on 01/13/2014 at an average price of $14.14. NorthStar Realty Finance Corporation is a Maryland corporation formed in October 2003. Northstar Realty Finance Corporation has a market cap of $4.16 billion; its shares were traded at around $14.00 with and P/S ratio of 4.15. The dividend yield of Northstar Realty Finance Corporation stocks is 5.57%.
5 Best Penny Stocks To Invest In 2014: Prospect Capital Corporation(PSEC)
Prospect Capital Corporation is a mezzanine finance and private equity firm that specializes in late venture, middle market, mature, mezzanine, buyouts, recapitalizations, growth capital, development, and bridge transactions. It makes secured debt and equity investments. The firm typically invests across all industry sectors, with a particular expertise in the energy and industrial sectors. It invests in oil and gas production, coal production, materials, industrials, consumer discretionary, information technology, utilities, pipeline, storage, power generation and distribution, renewable and clean energy, oilfield services, healthcare, food and beverage, education, business services, and other select sectors. The firm prefers to invest in the United States and Canada. It seeks to invest between $5 million to $50 million in companies with EBITDA between $$ million and $75 million, sales value up to $500 million, and enterprise value of up to $250 million. The firm also co- invests for larger deals. It seeks control acquisitions by providing multiple levels of the capital structure. Prospect Capital Corporation was founded in 1988 and is based in New York, New York.
Advisors' Opinion:- [By Jordan Wathen]
Is it time for a stock buyback at Prospect Capital� (NASDAQ: PSEC ) ?
When business development companies trade substantially below their last-reported net asset values, or NAV, repurchasing shares can be quite beneficial for shareholders. A repurchase allows a BDC to essentially acquire a portfolio of loans and investments at prices below their stated value.
- [By salamat_uri]
In the current market environment, there are many small and medium sized companies that have trouble gaining the requisite attention or in securing favorable terms in bank lending arrangement. For these reasons, business development companies (BDCs) are not only an essential part of the market but should continue to see sustainable performances in stock valuations, as well. One of the strongest choices in this space is Prospect Capital (PSEC), which has shown tremendous growth over the last three years and continues to build on the strategies that has made it one of the most stable choices in the market.
- [By Jordan Wathen]
Tough questions followed Prospect Capital� (NASDAQ: PSEC ) into Monday's conference call after the business development company reported disappointing fourth-quarter earnings.
- [By Rick Munarriz]
We can start with Prospect Capital (NASDAQ: PSEC ) .
The business development company declared its next four monthly distributions on Monday of last week, a day before posting fresh financials. Prospect Capital will be increasing its rate every month -- yes, it pays monthly distributions -- from June through at least September.
5 Best Penny Stocks To Invest In 2014: Universal Corporation(UVV)
Universal Corporation, together with its subsidiaries, operates as a leaf tobacco merchant and processor worldwide. It engages in selecting, procuring, buying, processing, packing, storing, supplying, shipping, and financing leaf tobacco for sale to, or for the account of, manufacturers of consumer tobacco products. The company processes and/or sells flue-cured and burley tobaccos, dark air-cured tobaccos, and oriental tobaccos; and provides value-added services, including blending, chemical and physical testing of tobacco, just-in-time inventory management, and manufacturing reconstituted sheet tobacco. Its flue-cured, burley, and oriental tobaccos are used principally in the manufacture of cigarettes; and dark air-cured tobaccos are used in the manufacture of cigars, pipe tobacco, and smokeless tobacco products. The company was founded in 1888 and is headquartered in Richmond, Virginia.
Advisors' Opinion:- [By Marc Bastow]
Leaf tobacco supplier Universal Corporation (UVV) raised its quarterly dividend 2% to 51 cents per share, payable on Feb. 10 to shareholders of record as of Jan. 13.
UVV Dividend Yield: 4.06%
- [By Ali Berri]
In trading on Friday, non-cyclical consumer goods & services shares were relative laggards, down on the day by about 0.09 percent. Meanwhile, top decliners in the sector included Medifast (NYSE: MED), down 9.6 percent, and Universal (NYSE: UVV), off 3.9 percent.
- [By Lawrence Meyers]
This isn�� some massive utility service generation billions. As dividend stocks go, it’s a nice, simple business that makes a few million in free cash flow every year and distributes most of it to shareholders as a 3.7% yield … and has been doing so for 41 years.
Universal Corporation (UVV)Dividend yield: 3.9%
- [By Rupert Hargreaves]
Universal Corp (NYSE: UVV ) has paid out and raised its dividend for 41 consecutive years. This puts the company in an elite club of dividend aristocrats.�Aside from Altria (NYSE: MO ) , which has been paying and increasing its payout for 43 years, Universal actually has the longest dividend history of any company within the tobacco sector.
5 Best Penny Stocks To Invest In 2014: Chimera Investment Corporation (CIM)
Chimera Investment Corporation operates as a real estate investment trust (REIT) in the United States. The company, through its subsidiaries, invests in residential mortgage-backed securities (RMBS), residential mortgage loans, commercial mortgage loans, real estate-related securities, and other asset classes. Its targeted asset classes include agency or non-agency RMBS; prime, jumbo prime, and Alt-A mortgage loans; first or second lien loans secured by multifamily properties, mixed residential or other commercial properties, retail properties, office properties, or industrial properties; and asset-based securities (ABS), including commercial mortgage-backed securities, debt and equity tranches of collateralized debt obligations, and consumer and non-consumer ABS. The company has elected to be treated as a REIT for federal income tax purposes and would not be subject to income tax, if it distributes at least 90% of its REIT taxable income to its share holders. Chimera Inve stment Corporation was founded in 2007 and is based in New York, New York.
Advisors' Opinion:- [By Dan Caplinger]
Because of the requirement to pay out the vast majority of their income, REITs often have extremely high dividend payouts. Mortgage REITs ARMOUR Residential (NYSE: ARR ) and Chimera Investment (NYSE: CIM ) use leveraged strategies to produce yields well in excess of 10%, while Omega Healthcare (NYSE: OHI ) and Senior Housing Properties Trust (NYSE: SNH ) , which specialize in long-term care facilities and other properties catering to older residents, both have yields between 5% and 6%.
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