iShares Russell 1000 (IWB) Stake Lowered by Parisi Gray Wealth Management

Parisi Gray Wealth Management decreased its position in shares of iShares Russell 1000 (NYSEARCA:IWB) by 20.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,747 shares of the company’s stock after selling 450 shares during the quarter. Parisi Gray Wealth Management’s holdings in iShares Russell 1000 were worth $254,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. Hsbc Holdings PLC boosted its holdings in iShares Russell 1000 by 112.6% in the first quarter. Hsbc Holdings PLC now owns 2,228,815 shares of the company’s stock worth $322,539,000 after purchasing an additional 1,180,541 shares during the last quarter. Tiedemann Advisors LLC purchased a new stake in iShares Russell 1000 in the first quarter worth approximately $7,556,000. BNP Paribas Arbitrage SA boosted its holdings in iShares Russell 1000 by 255.8% in the first quarter. BNP Paribas Arbitrage SA now owns 463,008 shares of the company’s stock worth $67,997,000 after purchasing an additional 332,873 shares during the last quarter. Schroder Investment Management Group boosted its holdings in iShares Russell 1000 by 83.8% in the first quarter. Schroder Investment Management Group now owns 724,117 shares of the company’s stock worth $106,344,000 after purchasing an additional 330,114 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in iShares Russell 1000 by 122.8% in the first quarter. Fisher Asset Management LLC now owns 3,856 shares of the company’s stock worth $566,000 after purchasing an additional 2,125 shares during the last quarter.

Get iShares Russell 1000 alerts:

iShares Russell 1000 opened at $151.75 on Monday, according to Marketbeat Ratings. iShares Russell 1000 has a 1-year low of $133.70 and a 1-year high of $159.31.

iShares Russell 1000 Profile

iShares Russell 1000 ETF (the Fund), formerly iShares Russell 1000 Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the Russell 1000 Index (the Index). The Index is a float-adjusted capitalization weighted index that measures the performance of the large-capitalization sector of the United States equity market and includes securities issued by the approximately 1,000 largest issuers in the Russell 3000 Index.

Want to see what other hedge funds are holding IWB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Russell 1000 (NYSEARCA:IWB).

Top 10 Financial Stocks To Own Right Now

tags:UBSI,PNBK,MCBC,FIBK,SFST,BRKL,INTL,SAFT,NBTB,BCS,

The obvious move higher for crude prices late on Tuesday took the energy sector with it.

Treasury Secretary Steven Mnuchin indicates that the U.S. is talking to domestic oil producers about how to increase supplies in order to maintain balance as preparation for the re-imposition of sanctions on Iran. According to the Financial Times, Paul Sheldon of S&P Global Platts suggests that unilateral enforcement of new sanctions will be more difficult now than what was in place prior to President Obama's deal in 2015. That deal obviously had broader international support than does its exit. Sheldon adds that there could be just 200 thousand barrels per day (of Iranian exports) at risk by the fourth quarter of 2018. On top of that, Saudi Arabia has spare capacity, and has pledged to support the stability of these markets.

Top 10 Financial Stocks To Own Right Now: United Bankshares Inc.(UBSI)

Advisors' Opinion:

• [By ]

  In the Lightning Round, Cramer was bullish on Salesforce.com (CRM) , American Airlines (AAL) , Align Technology (ALGN) , Procter & Gamble (PG) , United Bankshares (UBSI) , Valeant Pharmaceuticals (VRX) and Dominion Energy (D) .

Top 10 Financial Stocks To Own Right Now: Patriot National Bancorp Inc.(PNBK)

Advisors' Opinion:

• [By Shane Hupp]

  Patriot National Bancorp (NASDAQ: PNBK) and Community Bank, N.A. (NYSE:CBU) are both finance companies, but which is the better stock? We will contrast the two companies based on the strength of their dividends, earnings, valuation, institutional ownership, risk, analyst recommendations and profitability.

Top 10 Financial Stocks To Own Right Now: Macatawa Bank Corporation(MCBC)

Advisors' Opinion:

• [By Ethan Ryder]

  BidaskClub upgraded shares of Macatawa Bank (NASDAQ:MCBC) from a buy rating to a strong-buy rating in a research note released on Friday morning.

  Separately, Hovde Group set a $11.00 price target on Macatawa Bank and gave the stock a hold rating in a research report on Monday, January 29th.

Top 10 Financial Stocks To Own Right Now: First Interstate BancSystem Inc.(FIBK)

Advisors' Opinion:

• [By Max Byerly]

  Massachusetts Financial Services Co. MA lifted its stake in shares of First Interstate BancSystem (NASDAQ:FIBK) by 4.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 464,152 shares of the financial services provider’s stock after acquiring an additional 20,543 shares during the period. Massachusetts Financial Services Co. MA owned 0.82% of First Interstate BancSystem worth $18,357,000 as of its most recent SEC filing.

• [By Shane Hupp]

  Get a free copy of the Zacks research report on First Interstate BancSystem (FIBK)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

Top 10 Financial Stocks To Own Right Now: Southern First Bancshares Inc.(SFST)

Advisors' Opinion:

• [By Stephan Byrd]

  Get a free copy of the Zacks research report on Southern First Bancshares (SFST)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

Top 10 Financial Stocks To Own Right Now: Brookline Bancorp Inc.(BRKL)

Advisors' Opinion:

• [By Joseph Griffin]

  Brookline Bancorp (NASDAQ: BRKL) and People's United Financial (NASDAQ:PBCT) are both finance companies, but which is the better investment? We will contrast the two companies based on the strength of their institutional ownership, valuation, earnings, profitability, risk, analyst recommendations and dividends.

• [By Stephan Byrd]

  Brookline Bancorp, Inc. (NASDAQ:BRKL) – Equities research analysts at Piper Jaffray upped their Q3 2018 EPS estimates for shares of Brookline Bancorp in a research report issued on Thursday, May 3rd. Piper Jaffray analyst M. Breese now anticipates that the bank will post earnings of $0.28 per share for the quarter, up from their prior estimate of $0.27. Piper Jaffray has a “Hold” rating and a $16.50 price objective on the stock. Piper Jaffray also issued estimates for Brookline Bancorp’s Q4 2018 earnings at $0.29 EPS, FY2018 earnings at $1.08 EPS, Q1 2019 earnings at $0.29 EPS, Q3 2019 earnings at $0.30 EPS and FY2019 earnings at $1.18 EPS.

Top 10 Financial Stocks To Own Right Now: INTL FCStone Inc.(INTL)

Advisors' Opinion:

• [By Max Byerly]

  INTL FCStone (NASDAQ:INTL) shares reached a new 52-week high and low during trading on Monday . The company traded as low as $47.87 and last traded at $47.95, with a volume of 2050 shares trading hands. The stock had previously closed at $47.30.

• [By Logan Wallace]

  INTL FCStone (NASDAQ:INTL) released its earnings results on Tuesday. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.20, Bloomberg Earnings reports. INTL FCStone had a positive return on equity of 3.32% and a negative net margin of 0.02%.

• [By Shane Hupp]

  INTL FCStone (NASDAQ:INTL) was upgraded by investment analysts at TheStreet from a “c” rating to a “b-” rating in a note issued to investors on Monday.

Top 10 Financial Stocks To Own Right Now: Safety Insurance Group Inc.(SAFT)

Advisors' Opinion:

• [By Jordan Wathen]

  Safety Insurance Group (NASDAQ:SAFT) reported that winter weather activity and an accounting change were drags on its first-quarter results, though a lower tax rate was a net positive to the Massachusetts-based insurance company.�

Top 10 Financial Stocks To Own Right Now: NBT Bancorp Inc.(NBTB)

Advisors' Opinion:

• [By Stephan Byrd]

  Get a free copy of the Zacks research report on NBT Bancorp (NBTB)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Ethan Ryder]

  NBT Bancorp (NASDAQ:NBTB) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Top 10 Financial Stocks To Own Right Now: Barclays PLC(BCS)

Advisors' Opinion:

• [By Max Byerly]

  Press coverage about Barclays (NYSE:BCS) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Barclays earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 45.4019094998773 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

• [By Garrett Baldwin]

  Some of this sentiment has been fueled by optimism that UK investment bank Barclays Plc. (NYSE: BCS) is looking to open a cryptocurrency trading desk in the months ahead.

• [By Matthew Cochrane]

  In Kenya, 28 million consumers can now seamlessly integrate their M-Pesa accounts with PayPal. In Spain, CaixaBank and Bankia both further integrated their online sites with PayPal. HSBC Holdings PLC (NYSE:HSBC) now allows corporate customers in the U.K. to pay distributions to beneficiaries through PayPal, a capability to be rolled out across Europe in the coming months. Barclays PLC (NYSE:BCS) announced a strategic partnership that enables its customers to more easily link their accounts to PayPal, and soon to use their reward points on PayPal's digital platform.

• [By Garrett Baldwin]

  Investors are becoming increasingly bullish about BTC, as financial institutions like Barclays Plc. (NYSE: BCS) become more interested in entering the cryptocurrency market.

• [By Zacks]

  Last week, Barclays (NYSE: BCS) acquired £4.3 billion ($5.8 billion) worth of Irish residential mortgage loans from Lloyds Banking Group (NYSE: LYG). The portfolio comprises around 27,000 mortgages, originated between 2004 and 2010. Of the total loans acquired, nearly £300 million are impaired.

• [By Matthew Frankel]

  Apple (NASDAQ:AAPL) is teaming up with investment banking giant Goldman Sachs (NYSE:GS) to develop and launch a new co-branded credit card next year, according to a report in the Wall Street Journal. This would replace the tech giant's current partnership with Barclays (NYSE:BCS), and would be issued under the Apple Pay brand name.

Summit State Bank (SSBI) Upgraded to “Buy” at ValuEngine

ValuEngine upgraded shares of Summit State Bank (NASDAQ:SSBI) from a hold rating to a buy rating in a research note released on Saturday.

Separately, TheStreet raised Summit State Bank from a c+ rating to a b rating in a report on Wednesday, February 14th.

Get Summit State Bank alerts:

NASDAQ:SSBI opened at $15.97 on Friday. The company has a market cap of $94.70 million, a P/E ratio of 21.58 and a beta of 0.40. Summit State Bank has a 1-year low of $11.65 and a 1-year high of $16.00.

Summit State Bank (NASDAQ:SSBI) last released its quarterly earnings results on Tuesday, April 24th. The bank reported $0.29 earnings per share for the quarter. The firm had revenue of $6.08 million for the quarter.

The company also recently declared a quarterly dividend, which was paid on Thursday, May 24th. Investors of record on Friday, May 18th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, May 17th. This represents a $0.48 annualized dividend and a yield of 3.01%.

Large investors have recently added to or reduced their stakes in the stock. Kennedy Capital Management Inc. lifted its holdings in Summit State Bank by 25.4% during the 4th quarter. Kennedy Capital Management Inc. now owns 249,278 shares of the bank’s stock worth $3,141,000 after purchasing an additional 50,505 shares during the last quarter. Banc Funds Co. LLC lifted its holdings in Summit State Bank by 10.7% during the 4th quarter. Banc Funds Co. LLC now owns 159,007 shares of the bank’s stock worth $2,003,000 after purchasing an additional 15,400 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Summit State Bank by 19.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 51,391 shares of the bank’s stock worth $689,000 after purchasing an additional 8,331 shares during the last quarter. 14.83% of the stock is owned by institutional investors and hedge funds.

Summit State Bank Company Profile

Summit State Bank provides various banking products services to individuals, small-to medium-sized businesses, professionals and professional associations, entrepreneurs, high net worth families, foundations, and estates primarily in Sonoma County, California. It offers personal and business checking, money market, sweep, savings, and demand accounts; time certificates of deposit; and specialized deposit accounts, such as professional, small business packaged, tiered, and Keogh and individual retirement accounts.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Top 5 Oil Stocks To Watch For 2018

tags:APA,WPZ,WLL,ECA,HAL,

Edelweiss' research report on Vedanta

Vedanta��s (VEDL) Q4FY18 EBITDA was ahead of consensus due to: 1) robust performance of oil & gas division; 2) one-off gain of INR3.5bn in aluminium (Al) division expenses; and 3) stable performance of Zinc India. Despite the sanguine long term outlook, we expect near-term cost pressures in Zinc India, International and Al divisions due to mine development activities and input costs. Factoring in the shutdown at Copper India, higher costs and capex guidance, we have cut FY19E EBITDA by 4% and revised our TP to INR410 (INR425 earlier), implying an exit multiple of 5.5x FY20E. At CMP, the stock trades at 4.2x FY20E EBITDA, which is at lower end of its historic trading range.

Outlook
We view VEDL primed for growth following emerging operating leverage benefits in key divisions, despite short-term cost pressures. Factoring in higher costs and capex, we trim FY19E EBITDA by 4% and revise our TP marginally to INR410 (INR425 earlier), implying an exit multiple of 5.5x FY20E EBITDA.

Top 5 Oil Stocks To Watch For 2018: Apache Corporation(APA)

Advisors' Opinion:

• [By VantagePoint]

  Apache Corporation (NYSE: APA) has been ripping since March 2nd, when it hit a two-year low of $33.60. Since then it's up 25 percent. 

  The three-month chart below shows that this trend is likely to continue. The blue line is generated via VantagePoint's intermarket analysis, and represents a prediction of what APA's moving average will be in three days. The black line is a simple 10-day moving average. Note the bullish crossover that occurred in early March. That was a signal that the stock was entering an uptrend. 

• [By Paul Ausick]

  Apache Corp. (NYSE: APA) dropped about 7.3% Thursday to post a new 52-week low of $34.50. Shares closed at $37.20 on Wednesday and the stock’s 52-week high is $55.23. Volume was over 11 million, about three times the daily average of around 3.9 million. The company reported quarterly results this morning, but investors were not impressed.

• [By John Bromels]

  Three companies that the market has walloped are�Apache Corporation�(NYSE:APA),�Magellan Midstream Partners�(NYSE:MMP), and�General Motors�(NYSE:GM). Here's why these stocks look like bargains, and why today might be a good time to scoop up some shares.�

• [By ]

  Presto, West Texas Intermediate crude rose 3% to $71.18, the highest since December 2014, boosting shares of oil companies including Occidental (OXY) , which gained 4.8%, Marathon (MRO) , up 3.8%, and Apache (APA) , which gained 2.5%. Spot gasoline also rose 2.7% to $2.17 a gallon, boding ill for the summer driving season in the U.S. and potentially eroding any gains middle-class Americans received from the Trump tax cuts.

• [By ]

  Now, I haven't dabbled in U.S. shale oil or in the permian basin since I extracted myself from Apache (APA) several months ago after an epic fight in the name of capital preservation. But The Wall Street Journal ran a piece last week explaining that due to already-mentioned distribution bottlenecks, Permian-basin oil prices had fallen below $60 a barrel despite the fact that WTI futures were trading above $70.

• [By Chris Lange]

  Apache Corp. (NYSE: APA) fourth-quarter results are scheduled for Thursday. The consensus forecast is for $0.22 in EPS on $1.55 billion in revenue. Shares were trading at $38.11. The consensus price target is $50.43. The 52-week range is $35.70 to $56.51.

Top 5 Oil Stocks To Watch For 2018: Williams Partners L.P.(WPZ)

Advisors' Opinion:

• [By Max Byerly]

  Get a free copy of the Zacks research report on Williams Pipeline Partners (WPZ)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Shane Hupp]

  Williams Pipeline Partners LP (NYSE:WPZ) – US Capital Advisors decreased their Q3 2018 earnings per share (EPS) estimates for shares of Williams Pipeline Partners in a research note issued to investors on Monday, May 14th. US Capital Advisors analyst B. Followill now forecasts that the pipeline company will post earnings per share of $0.39 for the quarter, down from their previous forecast of $0.41. US Capital Advisors also issued estimates for Williams Pipeline Partners’ Q4 2018 earnings at $0.45 EPS and FY2019 earnings at $1.87 EPS.

• [By Matthew DiLallo]

  Natural gas pipeline giant Williams Companies (NYSE:WMB) announced today that it agreed to acquire the rest of its master limited partnership (MLP) Williams Partners (NYSE:WPZ) that it didn't already own in a $10.5 billion deal. Not to be outdone, Canadian energy infrastructure giant Enbridge (NYSE:ENB) made an offer to acquire its namesake MLP Enbridge Energy Partners (NYSE:EEP), along with the rest of its publicly traded entities, including Spectra Energy Partners (NYSE:SEP). These transactions have big implications not only for investors in these entities but for those who own other pipeline companies, too.

• [By Lisa Levin]

  Analysts at Stifel Nicolaus downgraded Williams Partners L.P. (NYSE: WPZ) from Buy to Hold..

  Williams Partners shares fell 0.63 percent to close at $41.23 on Friday.

Top 5 Oil Stocks To Watch For 2018: Whiting Petroleum Corporation(WLL)

Advisors' Opinion:

• [By WWW.GURUFOCUS.COM]

  For the details of DFT Energy LP's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=DFT+Energy+LP

  These are the top 5 holdings of DFT Energy LPWhiting Petroleum Corp (WLL) - 400,000 shares, 18.19% of the total portfolio. Shares added by 2.56%Hess Corp (HES) - 170,000 shares, 11.57% of the total portfolio. Shares added by 30.77%Noble Energy Inc (NBL) - 200,000 shares, 8.15% of the total portfolio. Southwestern Energy Co (SWN) - 1,360,000 shares, 7.92% of the total portfolio. Shares added by 4.62%Anadarko Petroleum Corp (APC)
• [By Joseph Griffin]

  Whiting Petroleum Co. (NYSE:WLL) – Equities research analysts at Piper Jaffray Companies lifted their Q2 2018 earnings estimates for Whiting Petroleum in a research note issued on Sunday, May 20th. Piper Jaffray Companies analyst K. Harrison now forecasts that the oil and gas exploration company will earn $0.85 per share for the quarter, up from their previous forecast of $0.33. Piper Jaffray Companies currently has a “Hold” rating and a $46.00 target price on the stock. Piper Jaffray Companies also issued estimates for Whiting Petroleum’s Q3 2018 earnings at $0.97 EPS, Q4 2018 earnings at $1.16 EPS, FY2018 earnings at $3.90 EPS, Q1 2019 earnings at $1.70 EPS, Q2 2019 earnings at $1.48 EPS, Q3 2019 earnings at $1.47 EPS, Q4 2019 earnings at $1.59 EPS and FY2019 earnings at $6.24 EPS.

• [By Jon C. Ogg]

  Whiting Petroleum Corp. (NYSE: WLL) was raised to Overweight from Equal Weight with a $71 target price (versus a $50.48 close) at Morgan Stanley.

  Tuesday’s top analyst upgrades and downgrades included DocuSign, Embraer, Goodyear, Macy’s, Micron Technologies, Raytheon, Smartsheet and more.

Top 5 Oil Stocks To Watch For 2018: Encana Corporation(ECA)

Advisors' Opinion:

• [By ]

  Already, shale companies such as Encana (ECA) , Occidental Petroleum (OXY) and Pioneer Natural Resources (PXD) , among others, are reporting higher cash flows and earnings on higher oil prices. As a result, they are paying down debt, increasing dividends and engaging in buybacks. This is a dramatic improvement in shareholder yield for the group.

• [By Matthew DiLallo]

  Today, however, many drillers are setting a high bar for new wells. EOG Resources (NYSE:EOG) has been one of the leaders in disrupting the former way of thinking by establishing a high return hurdle rate for new wells of 30% after-tax at $40 oil. Others followed with similar return-focused approaches, including Encana (NYSE:ECA), which needs locations to achieve a 35% after-tax return at $50 oil to meet its premium hurdle rate.�

• [By Max Byerly]

  Here are some of the news stories that may have effected Accern Sentiment’s rankings:

  Get Encana alerts: Encana Corp (ECA) Rising Higher 7.95% Over the Past Four Weeks (fisherbusinessnews.com) Encana Corporation (ECA) Most Active Stock Price trades 19.10% off from 200- SMA (nasdaqchronicle.com) Mid-Day Movers ��: Encana Corporation (NYSE:ECA), CSX Corporation (NASDAQ:CSX), MGIC Investment Corporation … (journalfinance.net) Featured Stock: Encana Corporation (ECA) (stockquote.review) Active Stock Evaluation �� Encana Corporation (NYSE: ECA) (financerater.com)

  ECA has been the subject of a number of research analyst reports. Morgan Stanley raised shares of Encana from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $15.00 to $18.00 in a report on Wednesday, January 24th. Evercore ISI raised shares of Encana from an “in-line” rating to an “outperform” rating and upped their price target for the company from $10.84 to $16.00 in a report on Wednesday, March 7th. Zacks Investment Research downgraded shares of Encana from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. Scotiabank raised shares of Encana from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $13.00 to $14.00 in a report on Friday, February 16th. Finally, Goldman Sachs cut their price target on shares of Encana from $17.25 to $14.00 and set a “buy” rating for the company in a report on Friday, April 13th. Two analysts have rated the stock with a sell rating, two have given a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $15.28.

Top 5 Oil Stocks To Watch For 2018: Halliburton Company(HAL)

Advisors' Opinion:

• [By Lisa Levin] Companies Reporting Before The Bell Kimberly-Clark Corporation (NYSE: KMB) is expected to report quarterly earnings at $1.71 per share on revenue of $4.60 billion. Halliburton Company (NYSE: HAL) is projected to report quarterly earnings at $0.42 per share on revenue of $5.75 billion. Lennox International Inc. (NYSE: LII) is estimated to report quarterly earnings at $1.09 per share on revenue of $815.16 million. Alaska Air Group, Inc. (NYSE: ALK) is projected to report quarterly loss at $0.12 per share on revenue of $1.82 billion. Hasbro, Inc. (NASDAQ: HAS) is expected to report quarterly earnings at $0.35 per share on revenue of $822.15 million. Lincoln Electric Holdings, Inc. (NASDAQ: LECO) is projected to report quarterly earnings at $1.08 per share on revenue of $729.83 million. Tennant Company (NYSE: TNC) is estimated to report quarterly earnings at $0.15 per share on revenue of $251.93 million. FirstEnergy Corp. (NYSE: FE) is projected to report quarterly earnings at $0.67 per share on revenue of $3.43 billion. Koninklijke Philips NV (ADR) (NYSE: PHG) is estimated to report earnings for its first quarter. Bank of Hawaii Corporation (NYSE: BOH) is expected to report quarterly earnings at $1.23 per share on revenue of $162.39 million. Avangrid, Inc. (NYSE: AGR) is projected to report quarterly earnings at $0.79 per share on revenue of $1.72 billion.

   

• [By WWW.GURUFOCUS.COM]

  For the details of Packer & Co Ltd's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Packer+%26+Co+Ltd

  These are the top 5 holdings of Packer & Co LtdBall Corp (BLL) - 625,005 shares, 7.52% of the total portfolio. Hess Corp (HES) - 2,039,400 shares, 6.78% of the total portfolio. Anadarko Petroleum Corp (APC) - 1,432,600 shares, 6.35% of the total portfolio. Shares added by 14.37%Citigroup Inc (C) - 604,500 shares, 6.34% of the total portfolio. Shares reduced by 11.04%General Electric Co (GE) - 1,118,800 shares, 5.98% o
• [By ]

  Markets have been mixed on Monday as the 10-year Treasury yield closes in on 3%. Earnings reports today included from Halliburton (HAL) , Hasbro (HAS) and Kimberly-Clark (KMB) . Action Alerts PLUS holding Alphabet (GOOGL)  is among the companies reporting after the close. 

Nikkei pulls back from 3-month high as Asian markets dip

Asian markets largely fell in early trading Tuesday, despite gains on Wall Street and signs of easing trade tensions between the U.S. and China.

Japan��s Nikkei NIK, -0.01% � was down slightly, after hitting a 3陆-month high in Monday trading. Miners, banks and insurance companies led the losses in Tokyo, with Mitsubishi UFJ Financial Group Inc. 8306, -0.57% � and MS&AD Insurance Group Holdings Inc. 8725, -2.66% � in the red.

Sony Corp. 6758, -0.87% � shares dropped after the company announced it would buy Mubadala Investment Co.��s stake in EMI Music Publishing for about $2.3 billion.

The yen gained slightly against the dollar JPYUSD, +0.174997% �, last at 楼110.90, versus 楼111.05 in late New York trade.

Bank of Japan Gov. Haruhiko Kuroda told parliament Tuesday that the central bank would take the side effects of stimulus into consideration as it weighed its monetary policy. ��We will patiently pursue powerful monetary easing to achieve 2% inflation,�� Kuroda said, according to Reuters. ��We will guide monetary policy taking into account its side effects such as its impact on financial institutions, particularly regional banks.��

Elsewhere, Singapore��s Straits Times Index STI, +0.08% � made slight gains, while markets in Shanghai SHCOMP, -0.40% � and Shenzhen 399106, -0.10% � dipped. Australia��s S&P/ASX 200 XJO, -0.81% � dropped for the fourth straight day, with hospital operator Healthscope Ltd. HSO, -3.46% �down more than 4% as it attempted to fend off a pair of buyout bids.

Stock markets in South Korea and Hong Kong were closed for holidays.

Related Topics Asia Markets China Japan Australia Singapore Foreign Investment Quote References NIK -1.65 -0.01% 8306 -4.10 -0.57% 8725 -99.00 -2.66% 6758 -47.00 -0.87% JPYUSD +0.000016 +0.174997% STI +2.70 +0.08% SHCOMP -12.73 -0.40% 399106 -1.77 -0.10% XJO -49.20 -0.81% HSO -0.08 -3.46% Show all references MarketWatch Partner Center Most Popular Ask yourself this simple but critical question before you buy into this stock market All the ways you can mess up your 401(k) �� even if you max out your contributions Dow jumps nearly 300 points, retakes 25,000 as U.S.-China trade tensions recede Trump Today: President meets with deputy AG, FBI director after demand to investigate campaign surveillance John Grisham: 'Day of reckoning' coming for student debt We Want to Hear from You

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Understanding Deemed Filing Rules And The Restricted Application

&l;p&g;Are you familiar with the deemed filing rule? Many people preparing to claim Social Security benefits haven&a;rsquo;t heard of this rule, but understanding it is critical to maximizing your benefit.

Now, who is affected by the deemed filing rule, and what does it do? The deemed filing rule affects your spouse, provided your spouse files for benefits for the first time before their full retirement age and you are receiving benefits. If your spouse files for their retirement benefit before full retirement age, they will be &a;ldquo;deemed&a;rdquo; to have filed for any and all benefits available to them. So, if spousal benefits are available, your spouse will receive spousal benefits in addition to their retirement benefit &a;ndash; whether they want them or not.

Not only will your spouse receive both benefits, but they both will be reduced permanently as a result of filing early. This decision can never be changed. The deemed filing rules apply to worker benefits, spousal benefits and ex-spousal benefits; however, they do not apply to survivor, children, child-in-care and disabled children benefits.

Is there a planning opportunity to be taken advantage of? The answer is yes &a;ndash; for a little while longer, anyway. If you were born before Jan. 2, 1954, and you wait to file for benefits at full retirement age, you have the option of filing what is called a &a;ldquo;restricted application.&a;rdquo; Put another way, anyone turning 66 years old before January 2, 2020, can employ this strategy.

The restricted application is a planning tool, used at full retirement age, that allows you to restrict your application for spousal benefits only and delay your own retirement benefit to age 70. This allows you to accumulate delayed retirement credits, effectively increasing your retirement benefit up to 32%. Utilizing the restricted application eliminates the requirement of taking all benefits available and, later, allows you to apply for another type of benefit.&a;nbsp; The restricted application is normally thought of when applying for spousal benefits only, but technically you also need to use the restricted application when applying for survivor benefits only, or when you want to restrict being paid retroactive benefits if applying for benefits for the first time after reaching full retirement age.

The deemed filing rules were changed by the Bipartisan Budget Act of 2015. The new rules require deemed filing for &l;strong&g;&l;em&g;all&l;/em&g;&l;/strong&g; people who turn 66 years old on or after Jan. 2, 2020. That means that 2020 is the first year deemed filing will affect everyone. With the new rules in effect, if you are receiving your retirement benefit and become eligible for spousal benefits because your spouse files for their retirement benefit, you automatically will be paid your spousal benefit. You will not have to apply for spousal benefits.

Prior to the new rules, you had the option of filing for spousal benefits and were not required to take them because the deemed filing rules only apply in the first month your benefits begin. Until then, deemed filing only affects people filing before full retirement age, and the restricted application is still available to them. The new law is designed to prevent you from collecting only spousal benefits while you earn delayed retirement credits on your retirement benefit.

&l;!--nextpage--&g;&l;strong&g;A Team Effort&l;/strong&g;

If you have a spouse, you must think of your claiming decision as a joint decision. What you decide to do will have a direct impact on your spouse and vice versa. The deeming rule is just one reason that looking at your claiming strategy as a joint decision is so important.

Let&a;rsquo;s review the basics of spousal benefits. There are two key points relating to spousal benefits you need to know:

&l;/p&g;&l;ol&g;&l;li&g;Generally, to receive a spousal benefit, your spouse must be receiving benefits. &l;strong&g;If your spouse is not receiving their retirement benefits, you cannot apply for spousal benefits. &l;/strong&g;There is an exception to this rule for independently entitled divorced spouses. This article focuses on currently married individuals.&l;/li&g;

&l;li&g;If you have your own retirement benefit, you always are paid your retirement benefit first. If spousal benefits are available, they are layered on top of your retirement benefit. Effectively, spousal benefits are made up of two benefits. Many articles state you will be paid the higher of the two benefits, but really it is a combination of both benefits.&l;/li&g;

&l;/ol&g;

How is the maximum spousal benefit calculated? You are entitled to the difference between one-half of your spouse&a;rsquo;s primary insurance amount less your full retirement age benefit. So, if your spouse&a;rsquo;s full retirement age benefit is $2,500 and yours is $1,000, your maximum spousal benefit will be $250 ($1,250 - $1,000).

If you file for benefits at your full retirement age, you will receive your own retirement benefit of $1,000 and the spousal benefit of $250. This equates to 50% of your spouse&a;rsquo;s full retirement age benefit, which is what most people think they will receive. If you file for benefits before full retirement age, both benefits are reduced individually.

There are not too many hard-and-fast rules when it comes to Social Security, but one of the few is that spousal benefits are at their maximum when you reach full retirement age. There is no advantage to be gained by deferring collection past full retirement age. If you do, you are leaving money on the table.

Home Repair Projects And Eventual Infrastructure Spending Will Benefit These 5 Housing-Related Stock

As homes built during the housing bubble show signs of aging, the need for repairs and upgrades should drive demand for products and services from these five companies.

Keep in mind that new home construction peaked in mid-2006 when more than 1.8 million single-family homes were built.

These companies will also benefit when and if Congress passes a bill to begin Infrastructure Spending projects which was a pledge offered by President Trump during his election campaign.

Armstrong World Industries, Inc. (NYSE:AWI) provides ceilings and cabinets for both the home and infrastructure buildings. The stock is in recovery mode after holding its 200-day simple moving average of $54.76 on April 30. It now has a positive weekly chart.

Lennox International, Inc. (NYSE:LII) provides air conditioning and heating systems for the home and infrastructure buildings. The stock is recovering from a correction and now has a positive weekly chart.

Masco Corp. (NYSE:MAS) provides home improvement and building products for the home repairs and planned structures. The stock is a laggard in correction territory below a "death cross" with a neutral weekly chart.

Owens Corning (NYSE:OC) makes insulation, roofing and siding products for home improvement and construction projects. The stock is a laggard in bear market territory below a "death cross" with a negative but oversold weekly chart.

Vulcan Materials Co. (NYSE:VMC) provides asphalt mix and concrete, which are needed to build homes and to "build the wall". The stock has had a strong recovery from bear market territory and has a positive weekly chart.

A Scorecard For Five Home Repair, Infrastructure Stocks

Armstrong World

Courtesy of MetaStock Xenith

The daily chart for Armstrong World shows that the stock held its 200-day simple moving average of $54.76 on April 30 and that buying weakness to my quarterly value level of $55.57 was a winning strategy, and the stock is now above my annual pivot of $58.71, which has been a magnet since Feb. 8.

Investors should buy weakness to my annual and semiannual pivots of $58.71 and $55.57, respectively, and reduce holdings on strength to my monthly risky level of $66.76.

Lennox International

Courtesy of MetaStock Xenith

The daily chart for Lennox shows that the stock has stayed above my annual value level of $185.02 all year long. My semiannual pivot of $206.75 has been a magnet since Jan. 2. A breakout above $206.75 targets my quarterly risky level of $220.30.

Investors should buy weakness to my annual value level of $185.02 and reduce holdings on strength to my quarterly risky level of $220.30.

Masco

Courtesy of MetaStock Xenith

The daily chart for Masco shows that the stock has been below a "death cross" since May 4 when the 50-day simple moving average at $39.63 fell below the 200-day simple moving average at $40.36 indicating that lower prices lie ahead. However, my annual pivot of $37.85 has been a magnet since April 24.

Investors should buy weakness to the 200-week simple moving average at $31.00, which is also the "reversion to the mean" and reduce holdings on strength to my quarterly, semiannual and monthly risky levels at $42.53, $42.67 and $44.93, respectively.

Owens Corning

Courtesy of MetaStock Xenith

The daily chart for Owens Corning shows that the stock has been below a "death cross" April 27 when the 50-day simple moving average at $75.25 fell below the 200-day simple moving average at $80.62, indicating that lower prices lie ahead. The stock is well below my annual and semiannual pivots at $75.66 and $74.09, respectively.

Investors should buy weakness to the 200-week simple moving average of $54.29, which is also the "reversion to the mean" and reduce holdings on strength to my semiannual and annual pivots at $74.09 and $75.66, respectively.

Vulcan Materials

Courtesy of MetaStock Xenith

The daily chart for Vulcan Materials shows that the stock stabilized around my annual pivot of $111.28 which was a magnet between March 28 and May 1. The stock then catapulted higher above my monthly pivot at $120.08. The upside is to my quarterly risky level of $135.03.

Investors should buy weakness to my monthly pivot of $120.08 and my annual value level of $111.28 and reduce holdings on strength to my quarterly risky level of $135.03.

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

What Caused RigNet Inc.��s Stock to Plunge Today

What happened

Shares of RigNet Inc. (NASDAQ:RNET) were down by more than 8% at 3:54 p.m. EDT Friday. While there wasn't any company-specific news, crude oil did slip a bit today, and some of the company's senior management and directors disclosed that they had sold stock for tax purposes.

So what

RigNet didn't put out any press releases, nor were there any analyst downgrades of the type that are commonly catalysts for selloffs. Because of that, it's not entirely clear why the share price slumped Friday.

Image source: Getty Images.

However, crude oil prices dipped a bit, and RigNet's client list is heavily weighted toward the oil and gas sector: It provides technology and communication solutions for remote sites, including offshore drilling rigs, energy facilities, and ships.

WTI, the U.S. oil benchmark, slipped about 0.2% to close at $71.32 a barrel while Brent crude, the global oil benchmark, slid 0.1% to $79.24 per barrel. When crude falls, oil stocks tend to follow suit, and the connection might explain why RigNet's stock slumped. However, crude was higher for the week, with WTI up 1% and Brent up 3% -- the prices for both are near three-and-a-half-year highs.�

Another possibility is that several directors and company officers recently filed Form 4s with the SEC -- required when insiders buy or sell shares. In one case, the interim CFO disclosed her May 15 sale of more than 19,000 shares of stock. However, according to the disclosure, the sale was "solely for the purpose of paying taxes due upon the vesting of shares from restricted stock units that were granted" to her.

Now what

I'd classify Friday's move as nothing more than volatility. RigNet didn't disclose any thesis-altering news, nor did anyone in senior management unload shares, which could be a sign that they see trouble brewing. While RigNet still has a long road to recovery ahead of it, it showed some improvement in the first quarter, and appeared to be slowly getting back on track.