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The Mining Report: After over two years of gloom, we're seeing renewed optimism regarding mining equities in North America. Is there similar optimism in Australia? Paul Adams: There is, but the change in sentiment is pretty much in its infancy down here. We recently undertook some analysis of the returns from the various subindices in the market. The small resources index here in Australia is at about +4.3% for 2014 compared to a -8% return for December. The recent surge in the gold price has certainly helped lift the mood. Newcrest Mining Ltd. (NM:TSX; NCM:ASX), our largest-cap gold stock, has risen about 63% since its recent lows in December. The materials sector in Australia is tied closely to sentiment on Chinese growth, and headwinds there tend to have major repercussions. Both BHP Billiton Ltd.
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The Energy Report: Derek, thank you for joining us. Why is the Athabasca Basin generally described as the most prolific uranium source in the world?Derek Hamill: There are a few factors that make the Athabasca Basin region of Saskatchewan and Alberta the best place to look for, and mine, uranium. Grade is the number-one factor.
Fund & ETF
Since the inception of the Investment Company Act of 1940, investors have grown to expect every mutual fund, closed-end fund (“CEF”), and exchange traded fund (“ETF”) to be treated as a “pass-through vehicle” for tax purposes. The entity itself would not pay any taxes, and all tax liabilities would be passed-through to the shareholders. That was the status quo for decades, until master limited partnership (“MLP”) funds came along.
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RSS Feed Stock News
[at Seeking Alpha] - By Carla Fried Aetna ( AET ) and Qualcomm ( QCOM ) just announced increases to their stock repurchase authorizations and boosted their dividends. That's about where the similarities end. Aetna is a telling ... Read more on this. QUALCOMM Incorporated (QCOM), with a current value of $129.72B, started trading this morning at $77.16. Looking at the equity, the company's one day range is $76.58 to $77.20 with its 52-week range being $59.02 to $77.20. Qualcomm (QCOM) shares are currently priced at 15.08x this year's forecasted earnings, which makes them relatively inexpensive compared to the industry's 27.49x earnings multiple for the same period. And for income investors, the company pays shareholders $1.40 per share annually in dividends, yielding 1.80%. According to a consensus of 32 analysts, the earnings estimate of $1.22 per share would be $0.
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UBS (UBS) rolled out the ETRACS Diversified High Income ETN (DVHI) on Thursday (9/19/13). The new exchange traded note (“ETN”) is targeted at investors desiring significant monthly income from a diversified multi-asset mix. It will track the new NYSE Diversified High Income Index minus the 0.84% annual tracking fee. The underlying index has a current yield of 7.7%, and the ETN will make monthly cash distributions.
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Investors have had to endure much more volatility in the past few weeks. We may know why — the Federal Reserve put an expiration date on its $3 trillion-plus bond-buying program. But some investors don’t know how to proceed. The Fed’s easy-money policy — mainly known as quantitative easing, or QE — probably will end next year.
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