Wednesday, August 7, 2013

5 Best Financial Stocks To Invest In Right Now

The production rate for Boeing's (NYSE: BA  ) 747-8 plane has been reduced from two planes per month to 1.75, the company announced today, citing "lower market demand for large passenger and freighter airplanes."

Boeing's assessment of global market conditions, particularly for large airplanes, is that the air cargo market will resume growing in 2014. As for current market demand and the manufacturing of 747-8 planes, Boeing said it will "continue to monitor market conditions and their effect on production rates moving forward." Boeing projects as many as 790 large planes, such as the 747-8 Intercontinental, will be delivered worldwide over the next 20 years.

Boeing estimates the first 747-8 plane affected by the new production schedule will be delivered early next year. The 12.5% monthly decline in production of the 747-8 is, "not expected to have a significant financial impact," Boeing said. To date, there are 110 orders for passenger and cargo versions of the 747-8, 46 of which have been delivered, according to Boeing.

5 Best Financial Stocks To Invest In Right Now: Malvern Federal Bancorp Inc.(MLVF)

Malvern Federal Bancorp, Inc. operates as the bank holding company for Malvern Federal Savings Bank, which is a federally chartered savings bank. It provides banking services in Pennsylvania. The company engages in attracting deposits from the general public and using those funds to invest in loans and investment securities. Its deposit products include interest-bearing and non-interest-bearing checking accounts, as well as money market, savings, and certificate of deposit accounts. The company?s loan products principally include one-to four family residential mortgage loans; and consumer loans comprising home equity loans, home equity lines of credit, automobile loans, unsecured personal loans, and loans secured by deposits. It conducts business from its headquarters and eight full-service branches in Chester and Delaware Counties, Pennsylvania. The company was founded in 1887 and is headquartered in Paoli, Pennsylvania.

5 Best Financial Stocks To Invest In Right Now: Independent Bank Corporation(IBCP)

Independent Bank Corporation operates as a holding company for the Independent Bank that provides various retail and commercial banking services in Michigan. The company offers various deposit products, including non-interest bearing demand deposits, time deposits, checking and savings accounts, and NOW accounts. It also provides commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services. The company, through its other subsidiaries, offers payment plans used by consumers to purchase vehicle service contracts and title insurance services, as well as provides investment and insurance services. As of May 2, 2011, it operated approximately 100 offices across Michigan?s Lower Peninsula. The company was founded in 1864 and is based in Ionia, Michigan.

Advisors' Opinion:
  • [By Harding]

    Independent Bank is a commercial bank in Michigan. It provides checking and savings accounts, commercial lending, direct and indirect consumer financing and mortgage lending.

    Shares of the Michigan company climbed after Independent Bank said its net loss applicable to shareholders shrank to $4.9 million, or 65 cents a share, in the fourth quarter, compared to a year-earlier loss of $48.2 million, or $20.49 a share. On Feb. 16, Independent Bank announced its senior management succession plan, although shares pulled back shortly after when the company announced the unregistered sale of 253,000 shares of common stock to Dutchess Opportunity Fund II as part of an investment agreement established in July 2010.

    Current Share Price: $3.23 (March 29)

    First Quarter Total Return: 148%

    Analyst Ratings: Stifel Nicolaus is the only research firm currently following Independent Bank, recommending that investors hold on to shares.

    TheStreet Ratings has a "sell" rating on Independent Bank, noting that despite the recent stock rally, shares are down sharply in the past two years and underperform the S&P 500. "Investors have so far failed to pay much attention to the earnings improvements the company has managed to achieve over the last quarter," the March 20 research note reads.

Top 5 Canadian Stocks To Buy Right Now: Center Bancorp Inc.(CNBC)

Center Bancorp, Inc. operates as the holding company for Union Center National Bank that provides various banking services to individual and corporate customers in Union and Morris counties, New Jersey. The company offers interest bearing and non-interest bearing checking accounts, savings accounts, money market accounts, certificates of deposit, and IRA accounts, as well as Christmas club accounts and vacation club accounts. It also provides secured and unsecured loans, mortgage loans, home equity lines of credit, short and medium term loans, letters of credit, working capital loans, and real estate construction loans. In addition, the company offers safe deposit boxes, money orders, and travelers? checks, as well as automated teller machine services, collection services, wire transfers, night depository, and lock box services. Further, the company, through its subsidiary, Center Financial Group LLC, provides financial services, including brokerage services, insurance an d annuities, mutual funds, and financial planning services. Additionally, it offers various money market services; and deals in the U.S. Treasury and U.S. Governmental agency securities, certificates of deposit, commercial paper, and repurchase agreements. As of December 31, 2010, the company had operations in 10 sites in Union County, New Jersey, consisting of 6 sites in Union Township, 1 in Springfield Township, 1 in Berkeley Heights, 1 in Vauxhall, and 1 in Summit; and 1 site in Madison, 1 site in Boonton/Mountain Lakes, and 1 site in Morristown located in Morris County, New Jersey. Center Bancorp, Inc. was founded in 1982 and is based in Union, New Jersey.

5 Best Financial Stocks To Invest In Right Now: PICO Holdings Inc.(PICO)

PICO Holdings, Inc., together with its subsidiaries, engages in the water resource and water storage, real estate, insurance, and agribusiness businesses. Its water resource and water storage business acquires and develops water resources and water storage operations in the southwestern United States. The company?s real estate business acquires and develops partially-developed and finished residential housing lots in selected markets primarily in California. It also owns, leases, and sells properties in northern Nevada, which include sub?surface rights, such as mineral rights, water rights, and geothermal rights. As of December 31, 2010, this business owned or controlled a total of 490 finished lots, which included 21 completed homes and 10 partially completed homes; and 4,711 potential lots in various stages of entitlement. It also owned approximately 440,000 acres of land in northern Nevada. The company?s insurance business handles and resolves claims on expired polic ies comprising medical professional liability, property and casualty, and workers? compensation insurance policies. PICO Holdings, Inc. also involves in cash and fixed-income securities business, as well as acquires businesses and interests in businesses through the acquisition of private companies and the purchase of shares in public companies. The company was founded in 1981 and is based in La Jolla, California.

5 Best Financial Stocks To Invest In Right Now: Carrollton Bancorp(CRRB)

Carrollton Bancorp operates as the holding company for Carrollton Bank that provides various banking products and services to individuals and small and medium-sized businesses. The company accepts various deposit products that include noninterest-bearing demand checking accounts, interest-bearing checking accounts, NOW accounts, savings accounts, money market accounts, demand deposits, certificates of deposit, and individual retirement accounts. It provides commercial loans for businesses, including working capital purpose loans, equipment purchase loans, accounts receivable, and inventory financing; commercial and residential real estate loans for acquisition, refinancing, and construction; consumer loans, such as automobile loans, home equity loans, and lines of credit; and loans guaranteed by the united states small business administration. The company also offers Internet banking, including electronic bill payment; letters of credit and remittance services; credit and debit card services; merchant credit card deposit servicing; remote deposit for commercial customers; wire transfer and automatic clearing house services; brokerage services for stocks, bonds, mutual funds, and annuities; after-hours depository services; safe deposit boxes; and other services, such as direct deposits and wire transfers. As of December 31, 2010, it had 10 full-service branch locations in Maryland with 2 branch locations in Baltimore City, 3 branch locations in Anne Arundel County, 4 branches in Baltimore County, and 1 branch in Harford County, as well as a limited-service branch in Howard County. The company was founded in 1990 and is headquartered in Columbia, Maryland.

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