April 4, 2017: Markets opened lower Tuesday following some indifferent results in Monday’s session. Utilities and energy paced the sector trading with financials and healthcare dragging equities lower. The political winds are blowing investors first one way, then another, as President Trump prepares for a first meeting with China’s President Xi Jinping and we all prepare for the non-farm payrolls report due Friday. WTI crude oil for May delivery settled at $51.03 a barrel, up 1.6% on the day. June gold added 0.4% on the day to settle at $1,258.40. Equities were headed for a mixed close shortly before the bell as the DJIA traded up 0.17% for the day, the S&P 500 traded down 0.03%, and the Nasdaq Composite traded flat.
All three major indexes traded very near the break-even line just minutes before the closing bell. The closing tally could finish with either a small gain or a small loss for any or all of the indexes.
The DJIA stock posting the largest daily percentage gain ahead of the close Tuesday was Caterpillar Inc. (NYSE: CAT) which traded up 2.10% at $94.21. The stock’s 52-week range is $69.04 to $99.46. Volume was about 20% below the daily average of around 5.2 million. The company was upgraded to Goldman Sachs’ Conviction Buy list this morning.
Top 5 Financial Stocks To Watch Right Now: WSB Holdings Inc.(WSB)
Advisors' Opinion:- [By Garrett Baldwin]
Markets have been under pressure once again by the U.S. Federal Reserve. Inflation levels are going through the roof… but the people in charge of managing it have been lying to Americans for years. Now it's time to get even. Money Morning Liquidity Specialist Lee Adler has the perfect way to make a lot of money when no one is looking. Read it here.
The Top Stock Market Stories for Wednesday In addition to Trump's concerns about China and trade, the President also stated that he is unsure whether a summit with North Korean leader Kim Jong-Un will take place as planned. Multiple media outlets this morning are questioning if the event will take place. The summit is tentatively planned for June 12. Banking stocks were on the move after Congress passed new laws designed to reduce regulations for thousands of financial institutions. The new rules will ensure that smaller banks are not facing the same strict rules as the bigger giants. The financial sector has been lobbying to changes to the Dodd-Frank Act since its inception after the 2008-09 financial crisis. Facebook Inc. (Nasdaq: FB) CEO Mark Zuckerberg met with members of the European Union on Tuesday. The CEO of the social media giant outraged European Parliament members after reportedly dodging questions about user privacy and the firm's collection of personal data. During the conversation, EU members questioned whether Facebook is a monopoly and pondered if the firm should be broken up due to antitrust concerns. Three Stocks to Watch Today: TGT, LOW, TIF Shares of Target Corporation (NYSE: TGT) fell nearly 6% after the retail giant fell short of earnings expectations before the bell. The firm reported earnings per share of $1.32. This figure missed Wall Street earnings expectations by six cents. The retail giant blamed poor spring weather for its performance and said that its bottom line has been impacted by the costs of upgrading its physical locations. Lowe's Companies (NYSE: LOW) stock gained
Top 5 Financial Stocks To Watch Right Now: PIMCO Municipal Income Fund(PMF)
Advisors' Opinion:- [By Shane Hupp]
Institutional investors and hedge funds have recently modified their holdings of the business. Lavaca Capital LLC purchased a new stake in Pimco Municipal Income Fund in the fourth quarter worth about $36,000. Lindbrook Capital LLC purchased a new stake in Pimco Municipal Income Fund in the fourth quarter worth about $50,000. Winslow Evans & Crocker Inc. increased its position in Pimco Municipal Income Fund by 46.2% in the fourth quarter. Winslow Evans & Crocker Inc. now owns 9,500 shares of the financial services provider’s stock worth $120,000 after buying an additional 3,000 shares in the last quarter. Cito Capital Group LLC purchased a new stake in Pimco Municipal Income Fund in the fourth quarter worth about $126,000. Finally, GWM Advisors LLC purchased a new stake in Pimco Municipal Income Fund in the fourth quarter worth about $131,000.
WARNING: “Pimco Municipal Income Fund (PMF) Hits New 1-Year High After Dividend Announcement” was published by Ticker Report and is owned by of Ticker Report. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of US and international copyright & trademark laws. The original version of this news story can be accessed at https://www.tickerreport.com/banking-finance/4199787/pimco-municipal-income-fund-pmf-hits-new-1-year-high-after-dividend-announcement.html.Pimco Municipal Income Fund Company Profile (NYSE:PMF)
Top 5 Financial Stocks To Watch Right Now: Meridian Interstate Bancorp Inc.(EBSB)
Advisors' Opinion:- [By Shane Hupp]
Meridian Bancorp (NASDAQ:EBSB) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Saturday.
- [By Ethan Ryder]
Get a free copy of the Zacks research report on Meridian Bancorp (EBSB)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Logan Wallace]
BidaskClub upgraded shares of Meridian Bancorp (NASDAQ:EBSB) from a hold rating to a buy rating in a research report sent to investors on Friday morning.
- [By Shane Hupp]
Get a free copy of the Zacks research report on Meridian Bancorp (EBSB)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top 5 Financial Stocks To Watch Right Now: Tanger Factory Outlet Centers Inc.(SKT)
Advisors' Opinion:- [By Ethan Ryder]
American International Group Inc. lowered its stake in Tanger Factory Outlet Centers Inc. (NYSE:SKT) by 3.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 189,090 shares of the real estate investment trust’s stock after selling 6,489 shares during the period. American International Group Inc. owned approximately 0.20% of Tanger Factory Outlet Centers worth $4,160,000 as of its most recent SEC filing.
- [By Brian Feroldi, Leo Sun, and Demitrios Kalogeropoulos]
Want proof? We asked these Motley Fool investors to highlight a dividend stock that pays a higher yield than Verizon. Here's why they picked Tanger Factory Outlets (NYSE:SKT), Cedar Fair (NYSE:FUN), and STORE Capital (NYSE:STOR).
- [By Jeremy Bowman, Leo Sun, and Steve Symington]
To take advantage of that potential boom, we asked three of our retail writers for their top picks for May. See why they recommend Dollar General (NYSE:DG), Tanger Factory Outlet Centers (NYSE:SKT), and Home Depot (NYSE:HD).
- [By Motley Fool Staff]
In this week's installment of "One to Watch," Fool.com contributor Matt Frankel, CFP, explains why retail real estate investment trust Tanger Factory Outlet Centers (NYSE:SKT) is at the top of his watchlist. And, host Jason Moser suggests that listeners keep an eye on Ellie Mae (NYSE:ELLI) -- just hours before it announced it was being acquired!
Top 5 Financial Stocks To Watch Right Now: Porter Bancorp Inc.(PBIB)
Advisors' Opinion:- [By WWW.GURUFOCUS.COM]
For the details of PATRIOT FINANCIAL PARTNERS GP, LP's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=PATRIOT+FINANCIAL+PARTNERS+GP%2C+LP
These are the top 5 holdings of PATRIOT FINANCIAL PARTNERS GP, LPBanc of California Inc (BANC) - 2,850,564 shares, 32.49% of the total portfolio. Meta Financial Group Inc (CASH) - 397,069 shares, 25.6% of the total portfolio. Guaranty Bancorp (GBNK) - 1,391,767 shares, 23.3% of the total portfolio. MBT Financial Corp (MBTF) - 2,060,302 shares, 13.08% of the total portfolio. Sterling Bancorp (STL) - 323,980 shares, 4.31% of the total portfolio. - [By Max Byerly]
Media stories about Porter Bancorp (NASDAQ:PBIB) have trended somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Porter Bancorp earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 44.3359026173577 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
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