A little more than a year after Raymond James introduced its Goal Planning and Monitoring software powered by MoneyGuidePro to its financial advisers, the firm reports that the software has been used to create 50,000 financial plans.
The software from PIEtech Inc. has been used by more than 70% of the firm's 5,300 advisers, and 44% are using it every month, according to Patrick O'Connor, Raymond James' senior vice president of Wealth Management Solutions.
GPM/MoneyGuide Pro replaced other homegrown or highly customized third-party financial planning tools that the firm had used on an enterprise level for years.
Top 10 Food Stocks For 2015: International Business Machines Corporation(IBM)
International Business Machines Corporation (IBM) provides information technology (IT) products and services worldwide. Its Global Technology Services segment provides IT infrastructure and business process services, including strategic outsourcing, process, integrated technology, and maintenance services, as well as technology-based support services. The company?s Global Business Services segment offers consulting and systems integration, and application management services. Its Software segment offers middleware and operating systems software, such as WebSphere software to integrate and manage business processes; information management software for database and enterprise content management, information integration, data warehousing, business analytics and intelligence, performance management, and predictive analytics; Tivoli software for identity management, data security, storage management, and datacenter automation; Lotus software for collaboration, messaging, and so cial networking; rational software to support software development for IT and embedded systems; business intelligence software, which provides querying and forecasting tools; SPSS predictive analytics software to predict outcomes and act on that insight; and operating systems software. Its Systems and Technology segment provides computing and storage solutions, including servers, disk and tape storage systems and software, point-of-sale retail systems, and microelectronics. The company?s Global Financing segment provides lease and loan financing to end users and internal clients; commercial financing to dealers and remarketers of IT products; and remanufacturing and remarketing services. It serves financial services, public, industrial, distribution, communications, and general business sectors. The company was formerly known as Computing-Tabulating-Recording Co. and changed its name to International Business Machines Corporation in 1924. IBM was founded in 1910 and is based in Armonk, New York.
Advisors' Opinion:- [By Benjamin Pimentel]
IBM Corp (IBM) �was down 0.5%, while Cisco Systems (CSCO) �was off 0.3% and Intel Corp. (INTC) �gave up 0.2%.
- [By Jake Keator]
International Business Machines (NYSE: IBM )
IBM beat second-quarter earnings estimates yesterday but missed on revenue and has lagged the Dow considerably this year. The Dow is a price-weighted index, which means that IBM, at nearly $200 per share, accounts for almost 10% of the index's movements, acting as an anchor when it lags. Buffett began buying shares in 2011, citing strong financial management and impressive future benchmarks. IBM sold its PC business to Lenovo in 2005, exiting the PC and hard disk drive businesses ahead of the recent PC sales slowdown, and has since focused on areas such as business analytics and cloud computing. This about-face in the company's business model lends credence to its reputation as an innovator. - [By E.S. Browning]
Several companies have gotten attention for their heavy buybacks, including International Business Machines (IBM). Under pressure to meet earnings targets in the face of steadily declining sales, IBM spent $8.3 billion in the first quarter purchasing its own shares. Some analysts criticized that and noted that IBM�� debt level rose, suggesting it was in effect using borrowed money.
- [By Chris Neiger]
IBM (NYSE: IBM ) just launched a $1 billion initiative to build and test Flash technology for enterprise solutions. The company said that Flash is already an integral part of consumer products, and that the technology could help companies tackle Big Data challenges.
Top 10 Sliver Companies To Invest In 2014: Coca Cola Femsa S.A.B. de C.V. (KOF)
Coca Cola FEMSA, S.A.B. de C.V. produces, markets, and distributes Coca-Cola trademark beverages and brands. It offers colas under Coca-Cola, Coca-Cola Light, and Coca-Cola Zero brands; flavored sparkling beverages under Aquarius Fresh, Chinotto, Crush, Fanta, Fresca, Frescolita, Hit, Kuat, Lift, Mundet, Quatro, Simba, and Sprite brands; water under Alpina, Brisa, Ciel, Crystal, Kin, Manantial, and Nevada brands; Aquarius, a flavored water; Hi-C, a juice-based beverage; and Powerade, an isotonic, as well as ready to drink tea products under Nestea and Matte Leao brands. The company also sells and distributes the Kaiser beer brand. It operates in Mexico, Central America, Colombia, Venezuela, Brazil, and Argentina. The company was founded in 1979 and is based in Mexico, Mexico. Coca-Cola FEMSA S.A.B de C.V. operates as a subsidiary of Fomento Economico Mexicano, S.A.B. de C.V.
Advisors' Opinion:- [By Eric Volkman]
Put another tick in the acquisition column for Coca-Cola FEMSA (NYSE: KOF ) . The Mexico-based company, which says it is the largest bottler of Coca-Cola products on the planet, has signed a deal to acquire Brazilian peer Companhia Fluminense de Refrigerantes. The price is $448 million in cash.
Top 10 Sliver Companies To Invest In 2014: Veeco Instruments Inc.(VECO)
Veeco Instruments Inc., together with its subsidiaries, designs, manufactures, and markets various equipments to make light emitting diodes (LEDs) and hard-disk drives worldwide. The company?s LED and Solar segment designs and manufactures metal organic chemical vapor deposition and molecular beam epitaxy systems and components for the manufacturers of LEDs, wireless devices, power semiconductors, and concentrator photovoltaics, as well as to research and development applications. Its Data Storage segment designs and manufactures various technologies, including ion beam etch, ion beam deposition, diamond-like carbon, physical vapor deposition, chemical vapor deposition, and slicing, dicing, and lapping systems to create thin film magnetic heads that read and write data on hard disk drives. The company was founded in 1945 and is headquartered in Plainview, New York.
Advisors' Opinion:- [By Rick Munarriz]
1. Veeco Industries will post a larger loss than analysts are expecting
Veeco Industries (NASDAQ: VECO ) is a provider of process equipment solutions that assist the making of LEDs, flexible OLEDs, power electronics, hard drives, MEMS, and wireless chips. Unfortunately for investors it also has been posting a lot of red ink lately. - [By Vera Yuan]
Among a few stocks that had negative returns in the quarter, Veeco Instruments (VECO) and Titan International (TWI) are also among the smaller positions in the portfolio. Titan, which declined 11.4% in the quarter and will be discussed later in this letter, is a relatively new stock in the portfolio and one that we added to as the share price declined.Among the stocks that we added to in the quarter were Atwood Oceanics (ATW) and Titan International (TWI).As mentioned above, Titan declined nearly 12% in the quarter and we added to the position as the stock weakened. As you may recall, we initiated the position in TWI in the fourth quarter of 2013 in the mid- teens. Despite our additional TWI purchases, we do not yet own a full position in the stock. However, we have plenty of capacity to take the stock to a normal full position, which is 3%, but this assumes the company earns the right to have more of your capital allocated to the position.The primary reason why TWI shares sold off recently is that the wheel and tire markets for large construction and mining equipment remain depressed. Investors had hoped that the off-road, large construction equipment and mining business would see some acceleration after the very cold winter season, but that does not appear to be the case. Tire inventory levels for large, off-road equipment were too high for dealers to be aggressive and purchase tires en masse earlier this year. However, there is some recent evidence that much of the excess tire inventory has been reduced to levels that now support some restocking.Our investment thesis for TWI is not predicated on the wheel and tire market for large, off-road equipment to come roaring back to levels experienced before the financial crisis. Rather we believe the assets TWI has accumulated over the past decade can be managed more efficiently and, therefore, profit margins can improve without a huge increase in revenues. We recently visited one of TWI�� Midwest tire facilities a
Top 10 Sliver Companies To Invest In 2014: Albany International Corp (AIN)
Albany International Corp., incorporated in 1895, is an advanced textile and material processing company. The Company�� business is a producer of custom-designed fabrics and belts essential to paper and paperboard production. The consumable fabrics are used to manufacture all grades of paper from lightweight paper to heavyweight containerboard. The Company has five segments: Paper Machine Clothing segment (PMC), Engineered Composites (AEC), Albany Door Systems (ADS), Engineered Fabrics (EF) and PrimaLoft Products. Albany International supplies the worldwide pulp and paper industry, as well as other process industries, with technologically advanced structured materials and related services. The Company maintains manufacturing facilities in Brazil, Canada, China, France, Germany, the United Kingdom, Italy, Mexico, New Zealand, South Korea, Sweden, Turkey, and the United States. On January 11, 2012, the Company sold its assets in the Albany Door Systems (ADS) segment to ASSA ABLOY AB.
Paper Machine Clothing
During the year ended December 31, 2011, the Paper Machine Clothing (PMC) segment accounted for 81% of its total revenues. The Company designs, manufactures, and markets paper machine clothing for each section of the paper machine. PMC consists of permeable and non-permeable continuous belts of custom-designed and custom-manufactured engineered fabrics that are installed on paper machines and carry the paper stock through each stage of the paper production process. PMC products are consumable products of technologically design that utilize polymeric materials in a complex structure.
The Paper Machine Clothing segment�� products include forming, pressing, and dryer fabrics, and process belts. A forming fabric assists in sheet formation and conveys the very wet sheet (more than 75% water) through the forming section. Press fabrics are designed to carry the sheet through the press section, where water is pressed from the sheet as it passes through the press ni! p. In the dryer section, dryer fabrics manage air movement and hold the sheet against heated cylinders to enhance drying. Process belts are used in the press section to increase dryness and enhance sheet properties, as well as in other sections of the machine. The Company sells its PMC products directly to customer end-users, which are paper industry companies, some of which operate in multiple regions of the world. Its products, manufacturing processes, and distribution channels for PMC are substantially the same in each region of the world, in which the Company operates.
The Engineered Composites (AEC)
The Engineered Composites segment (AEC) provides custom-designed advanced composite structures based on technology to customers in the aerospace and defense industries. AEC�� is engaged in development program relates to the LEAP-X engine being developed by CFM International. Under this program, AEC is developing a family of composite parts, including fan blades, to be incorporated into the LEAP-X engine.
PrimaLoft Products segment
The PrimaLoft Products segment includes sale of insulation for outdoor clothing, gloves, footwear, sleeping bags, and home furnishings. This segment has sales operations in the United States, Europe, and Asia, through which it sells products produced by third parties. This segment also generates a portion of its income as royalties from the licensing of its intellectual property.
Engineered Fabrics segment
The Engineered Fabrics segment supplies consumable fabrics used to process paper pulp, as well as fabrics used in a range of industries other than papermaking. These other products include belts used to make non wovens, fiber cement building products, roofing shingles and corrugated sheets used in boxboard, as well as belts used in tannery and textile applications.
Advisors' Opinion:- [By Seth Jayson]
There's no foolproof way to know the future for Albany International (NYSE: AIN ) or any other company. However, certain clues may help you see potential stumbles before they happen -- and before your stock craters as a result.
- [By Seth Jayson]
Albany International (NYSE: AIN ) reported earnings on May 1. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Albany International met expectations on revenues and missed estimates on earnings per share.
Top 10 Sliver Companies To Invest In 2014: Legacy Reserves LP(LGCY)
Legacy Reserves LP, an independent oil and natural gas limited partnership, engages in the acquisition and development of oil and natural gas properties primarily located in the Permian Basin, Mid-Continent, and Rocky Mountain regions of the United States. As of December 31, 2010, it owned interests in producing oil and natural gas properties in 370 fields in the Permian Basin, Texas Panhandle, Wyoming, Oklahoma, and several other states; operated 2,132 gross productive wells; and owned non-operated interests in 3,227 gross productive wells, as well as had proved reserves of approximately 52.8 million barrels of crude oil equivalent. Legacy Reserves GP, LLC operates as the general partner of the partnership. Legacy Reserves LP was founded in 2005 and is headquartered in Midland, Texas.
Advisors' Opinion:- [By Eric Volkman]
Legacy Reserves (NASDAQ: LGCY ) has drawn more money out of the ground for its investors. The company will distribute $0.575 per share of its common stock on May 15 to holders of its common units as of May 2. This amount represents an increase of $0.005 per unit, or 3.6%, over the company's previous payout of $0.570. Before that, Legacy Reserves paid $0.565 per share.
Top 10 Sliver Companies To Invest In 2014: Heico Corporation (HEI)
HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. The company�s Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; and specialty components for aerospace and industrial original equipment manufacturers, and the United States government. This segment also distributes hydraulic, pneumatic, mechanical, and electro-mechanical components for the commercial, regional, and general aviation markets; and offers repair and overhaul services for jet engine and aircraft component parts, avionics, instruments, composites, and flight surfaces of commercial airlines, as well as for avionics and navigation systems, subcomponents, and other instruments utilized on military aircrafts. Its Electronic Technologies Group segment provides a range of electronic, microwave, and electro -optical products, including infrared simulation and test equipment, laser rangefinder receivers, electrical and back-up power supplies, power conversion products, underwater locator beacons, electromagnetic and radio frequency interference shielding, capacitor charging power supplies, amplifiers, traveling wave tube amplifiers, photo detectors, amplifier modules, and microwave power modules. This segment also offers flash lamp and laser diode drivers, arc lamp power supplies, cable assemblies, high voltage power supplies, high voltage interconnection devices and wires, high voltage energy generators, and high frequency power delivery systems. Its products link devices, such as telemetry receivers, digital cameras, high resolution scanners, simulation systems, and test systems to computer for the U.S. and foreign military agencies, prime defense contractors, and commercial and defense satellite and spacecraft manufacturers. The company was founded in 1949 and is headquartere d in Hollywood, Florida.
Advisors' Opinion:- [By Nickey Friedman]
HEICO Corporation (NYSE: HEI ) reported its fiscal third quarter on Tuesday. Results were in-line with the average analyst estimate for adjusted EPS of $0.44 but came in a tad light on the revenue side with $291 million versus an expectation of $296 million.
- [By Lauren Pollock]
Heico Corp.'s(HEI) fiscal fourth-quarter profit jumped 25%, as the aircraft-components maker reported broad sales growth and wider operating margins. Results for the period exceeded expectations, and Heico issued an upbeat sales growth outlook for the new fiscal year. Investors sent the company’s shares up 3.4% to $59.99 premarket.
- [By Rich Smith]
Hollywood, Fla.-based HEICO (NYSE: HEI ) is adding heft to its Flight Support Group.
On Monday, the niche aerospace and defense company announced that it has entered into a definitive agreement to buy Reinhold Industries from private equity firm The Jordan Company in a deal slated to close within the next 45 days.
- [By Seth Jayson]
Calling all cash flows
When you are trying to buy the market's best stocks, it's worth checking up on your companies' free cash flow once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That's what we do with this series. Today, we're checking in on HEICO (NYSE: HEI ) , whose recent revenue and earnings are plotted below.
Top 10 Sliver Companies To Invest In 2014: Chesapeake Granite Wash Trust (CHKR)
Chesapeake Granite Wash Trust (the Trust) is a trust formed to own royalty interests for the benefit of Trust unitholders conveyed to the trust by Chesapeake Energy Corporation (Chesapeake). The royalty interests held by the Trust (Royalty Interests) are derived from Chesapeake�� interests in specified oil and natural gas properties located in the Colony Granite Wash play in Washita County in the Anadarko Basin of western Oklahoma. Chesapeake conveyed the Royalty Interests to the Trust from its interests in 69 existing horizontal wells (Producing Wells) and Chesapeake�� interests in 118 horizontal development wells (Development Wells) to be drilled on properties within the Area of Mutual Interest (AMI). The AMI is limited to only the Colony Granite Wash formation, where Chesapeake held approximately 45,400 gross acres (29,300 net acres) as of December 31, 2011. The Colony Granite Wash is located at the eastern end of a series of Des Moines-age granite wash fields that extend along the southern flank of the Anadarko Basin, approximately 60 miles into the Texas Panhandle. The Colony Granite Wash is a formation encountered at depths between approximately 11,500 feet and 13,000 feet that lies between the top of the Des Moines formation (or top of Colony Granite Wash A) and the top of the Prue formation (or base of Colony Granite Wash C). Colony Granite Wash is primarily a natural gas and natural gas condensate reservoir based on reserve volumes.
As of December 31, 2011, the all of the Producing Wells were completed, 66 Producing Wells were producing and approximately 11.5 Development Wells were completed and producing. As of December 31, 2011, the remaining three Producing Wells were temporarily offline. As of July 1, 2011, Chesapeake owned on average a 52.8% net revenue interest in the Producing Wells, and Trust received an average 47.5% net revenue interest in the Producing Wells, and Chesapeake on average owned a 52.0% net revenue interest in the Development Wells. As of March 15, 2012! , Chesapeake owned 61,100 net acres (of which 29,300 net acres are subject to the Royalty Interests). As of March 15, 2012, Chesapeake operated 95% of the Producing Wells and the completed Development Wells.
Advisors' Opinion:- [By Lawrence Meyers]
CYS seems to be approaching the business carefully and is on top of things. That makes me feel a little bit more secure about its 15% dividend yield.
Chesapeake Granite Wash Trust (CHKR)Dividend Yield: 24.4%
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