Friday, December 6, 2013

Top 5 Financial Companies To Own In Right Now

Goldman Sachs Group Inc., Visa (V) Inc. and Nike Inc. (NKE) will be added to the Dow Jones Industrial Average (INDU), replacing Bank of America Corp. (BAC), Hewlett-Packard Co. (HPQ) and Alcoa Inc. (AA) in the biggest reshuffling since April 2004.

The changes will boost the influence of banking and computer companies in the 30-member gauge as the fifth-biggest U.S. bank by assets and the largest payment network join seven other financial and technology firms, such as JPMorgan Chase & Co. and Cisco Systems Inc. Bank of America exits even after rising 109 percent in 2012, the Dow�� largest gain. The changes will take effect after the close on Sept. 20.

Moves announced today by a committee that includes editors of the Wall Street Journal will give extra influence to the average�� newest members, due to the way the gauge is designed. Since Dow proportions are determined by stock price rather than market value, shares of Visa and Goldman Sachs, which trade above $160 apiece, will have about seven times the weighting as the constituents they replace.

Top 5 Financial Companies To Own In Right Now: Aviva(AV.L)

Aviva plc provides insurance, savings, and fund management products and services worldwide. It offers life insurance and savings products, which comprise pensions products, such as personal and group pensions, stakeholder pensions, and income drawdown; annuities; protection products, including term assurance, mortgage life insurance, flexible whole life, and critical illness cover; bonds and savings comprising single premium investment bonds, regular premium savings plans, mortgage endowment products, and funding agreements; and investment products consisting of unit trusts, individual savings accounts, and open ended investment companies, as well as equity release and structured settlements. The company also provides general and health insurance products that include personal lines of insurance products, such as motor, household, travel, and creditor insurance; commercial lines of insurance products consisting of fleet, liability, and commercial property insurance; health insurance products comprising private health, income protection, personal accident, and corporate healthcare insurance products; and insurance for corporate and specialty risks. In addition, it offers fund management products and services for institutional, pension fund, and retail clients. Aviva plc sells its products through various distribution channels, including direct sales forces, intermediaries, corporate partnerships, bancassurance, and joint ventures, as well as through the telephone and Internet. The company was formerly known as CGNU plc and changed its name to Aviva plc in July 2002. Aviva plc is headquartered in London, the United Kingdom.

Top 5 Financial Companies To Own In Right Now: Equity Lifestyle Properties Inc. (ELS)

Equity LifeStyle Properties, Inc. is a publicly owned real estate investment trust (REIT). The firm engages in the ownership and operation of lifestyle oriented properties. Its portfolio of properties include various amenities and common facilities, such as a clubhouse, a swimming pool, laundry facilities, and cable television service, sauna/whirlpool spas, golf courses, tennis, shuffleboard and basketball courts, and exercise rooms. The firm leases developed sites to owners of manufactured homes referred to as resort homes, park models referred to as resort cottages, and recreational vehicles. It primarily invests in the markets of the United States. The firm primarily invests in land with lower maintenance costs and customer turnover costs, high quality real estate in and around major metropolitan areas, high barriers to entry, retirement and vacation destinations, growth markets, and appreciating component of real estate2. It was formerly known as Home Communities, Inc. The firm was founded in 1992 and is based in Chicago, Illinois with additional offices in Clearwater, Florida, Phoenix, Arizona, and Aurora, Colorado.

Advisors' Opinion:
  • [By Rich Duprey]

    Real estate investment trust Equity Lifestyle Properties (NYSE: ELS  ) announced yesterday�that it's splitting its stock 2-for-1 on July 15 for holders of record on July 5.�

Best Tech Companies To Invest In Right Now: Blackrock Debt Strategies Fund Inc. (DSU)

BlackRock Debt Strategies Fund, Inc. is a closed ended fixed income mutual fund launched by BlackRock, Inc. The fund is co managed by BlackRock Advisors, LLC and BlackRock Financial Management, Inc. It invests in the public fixed income markets of the United States. The fund invests in the securities of companies operating across diversified sectors. It primarily invests in High Yield and corporate bonds with an average credit rating of Ba or lower by Moody's Investors Service, Inc. The fund was formerly known as Debt Strategies Fund Inc. BlackRock Debt Strategies Fund, Inc. was formed on March 27, 1998 and is domiciled in the United States.

Top 5 Financial Companies To Own In Right Now: Putnam Managed Municipal Income Trust(PMM)

Putnam Managed Municipal Income Trust is a close-ended fixed income mutual fund launched and managed by Putnam Investment Management LLC. It is co-managed by Putnam Investments Limited (U.K.). The fund invests in fixed income markets of United States. It invests in a diversified portfolio of tax-exempt municipal securities which typically includes high-yield securities that are below investment grade and involve special risk considerations. The fund benchmarks the performance of its portfolio against Barclays Capital Municipal Bond Index. Putnam Managed Municipal Income Trust was formed on February 24, 1989 and is domiciled in United States.

Top 5 Financial Companies To Own In Right Now: North Central Bancshares Inc.(FFFD)

North Central Bancshares, Inc. operates as the holding company for First Federal Savings Bank of Iowa that offers banking services in the central, north central, and southeastern parts of Iowa. The company offers various deposit products, including noninterest-bearing demand accounts, interest bearing accounts, savings accounts, money market savings, certificates of deposit, and individual retirement accounts. It also provides a loan portfolio of one-to-four family residential real estate loans, multifamily residential and commercial real estate loans, and construction and land development loans, as well as consumer loans, which consists primarily of one-to-four family second mortgage loans, including home equity lines of credit. In addition, the company offers real estate title abstracting services in Webster and Boone counties of Iowa. Further, it sells life insurance on mortgage loans, credit life and accident, and health insurance on consumer loans; and annuity product s, mutual funds, and other noninsured products. Additionally, the company engages in acquiring, developing, and managing low and moderate income housing for residents of the Fort Dodge area. It operates 10 branch offices in Fort Dodge, Nevada, Ames, Perry, Ankeny, Clive, West Des Moines, Burlington, and Mount Pleasant, Iowa. The company was founded in 1995 and is headquartered in Fort Dodge, Iowa.

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