The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting a drop of 2.5% in the group�� seasonally adjusted composite index following a decline of 4.6% for the previous week. Mortgage loan rates increased across the board once again last week.
The seasonally adjusted purchase index increased by 2% from the last report. On an unadjusted basis, the composite index again fell 3% week-over-week. The unadjusted purchase index increased by 0.3% for the week and is up about 6% year-over-year.
The MBA�� refinance index fell 5% after dropping 8% in the previous week.
The share of refinancings fell a from 61% to 60%. That is the lowest refinancing rate since April 2011. Adjustable rate mortgage loans account for 7% of all applications, up from 7% the prior week.
The average mortgage loan rate for a conforming 30-year fixed-rate mortgage increased from 4.68% to 4.8%, the highest rate since April 2011. The rate for a jumbo 30-year fixed-rate mortgage rose from 4.74% to 4.78%. The average interest rate for a 15-year fixed-rate mortgage rose from 3.71% to 3.84%.
Hot Freight Stocks To Own For 2015: NV Energy Inc(NVE)
NV Energy, Inc., through its subsidiaries, generates, transmits, and distributes electric energy in Nevada. The company generates electricity from its gas, oil, and coal generating units. As of December 31, 2010, the company served approximately 830,000 electric customers primarily in Las Vegas, north Las Vegas, and Henderson and adjoining areas, including Nellis Air Force Base and the Department of Energy?s Nevada Test Site in Nye County. It also provides electricity in western, central, and northeastern Nevada comprising the cities of Reno, Sparks, Carson City, and Elko. In addition, the company distributes gas to approximately 151,000 customers in an area of approximately 800 square miles in Nevada?s Reno/Sparks area. It offers its services to residential and commercial customers, as well as to industries, including gaming/recreation, mining, warehousing/manufacturing, and other governmental entities. The company, formerly known as Sierra Pacific Resources, was founde d in 1906 and is headquartered in Las Vegas, Nevada.
Advisors' Opinion:- [By Jeremy Bowman]
Finally, after hours today, Berkshire Hathaway's (NYSE: BRK-B ) MidAmerican Energy said it would buy Nevada-based NV Energy (NYSE: NVE ) for $5.6 billion, sending NV's shares up 23%. The companies said the deal will combine MidAmerican's expertise in renewable energy with NV's solar and wind capabilities. Pending approval by regulators and NV shareholders, the acquisition should close in the first quarter of 2014. Berkshire's shares were essentially unmoved after hours. �
Hot Managed Healthcare Stocks To Own Right Now: Ultra Clean Holdings Inc.(UCTT)
Ultra Clean Holdings, Inc., together with its subsidiaries, engages in the design, development, engineering, manufacture, and sale of critical modules and subsystems primarily to original equipment manufacturers in semiconductor capital equipment, flat panel, medical, energy, and research industries. It offers gas delivery systems that control the flow, pressure, sequencing, and mixing of specialty gases into and out of the reaction chambers of semiconductor manufacturing tools; chemical mechanical planarization modules; chemical delivery modules, which deliver gases and reactive chemicals from a centralized subsystem to the reaction chamber; and top-plate assemblies that form the top portion of the reaction chamber. The company also provides frame assemblies that form the support structure to which other assemblies are attached and include pneumatic harnesses and cables that connect other critical subsystems together; process modules, which are subsystems of semiconductor manufacturing tools that process integrated circuits onto wafers; and other high level assemblies for use in semiconductor manufacturing, research, flat panel, energy, and medical equipment industries. It sells its products through its direct sales force primarily in North America, Asia, and Europe. Ultra Clean Holding, Inc. was founded in 1991 and is headquartered in Hayward, California.
Advisors' Opinion:- [By John Kell]
Ultra Clean Holdings Inc.(UCTT) swung to a fourth-quarter profit as the company recorded a surge in revenue. The company also issued a rosy first-quarter outlook, pushing shares up 17% to $13.94 premarket.
Hot Managed Healthcare Stocks To Own Right Now: Winmark Corporation(WINA)
Winmark Corporation operates as a franchisor of four retail store concepts that buy, sell, trade, and consign merchandise. The company franchises retail stores under the ?Plato?s Closet? name that sell and buy used clothing and accessories geared toward the teenage and young adult market; and under the ?Play It Again Sports? name, which sell, buy, trade, and consign used and new sporting goods, equipment, and accessories for various athletic activities, including hockey, wheeled sports, fitness, ski/snowboard, golf, and baseball/softball. It engages in franchising ?Once Upon A Child? branded retail stores that sell and buy used and new children?s clothing, toys, furniture, equipment, and accessories; and ?Music Go Round? branded retail stores that sell, buy, trade, and consign used and new musical instruments, speakers, amplifiers, music-related electronics, and related accessories for parents of children who play musical instruments, as well as for professional and amateur musicians. In addition, the company operates a middle-market equipment leasing business focusing on technology-based assets to serve large and medium-sized businesses; and a small-ticket financing business to serve small businesses. Further, it offers management services to Tomsten, Inc. As of September 24, 2011, the company had 923 franchises in operation. Winmark Corporation was founded in 1988 and is headquartered in Minneapolis, Minnesota.
Advisors' Opinion:- [By Monica Wolfe]
Winmark Corporation (WINA)
Chairman and CEO John Morgan of Winmark Corporation made a notable buy on July 29. The CEO purchased 2,000 shares at approximately $68.55 per share. This transaction cost the CEO $137,100. Since his most recent buy, the price per share has increased approximately 5.56%. Morgan currently holds over 1.7 million shares of Winmark.
- [By alicet236]
Chairman & CEO, 10% Owner of Winmark Corporation (WINA) John L. Morgan bought 2,000 shares on July 29, 2013 at an average price of $68.55. The total transaction amount was $137,100.
- [By Michael Lewis]
Getty Images Depending on your personal investing philosophy, risk profile, strategy, and a host of external factors, there's a long list of traits you could put on your checklist for what makes a stock right for your portfolio. And then there are the exceptions -- companies that, for good reason, fall outside of the parameters you've set, but that you can't help thinking are a "good investment" But picking a good investment doesn't always have to be so complex. You can use simpler screen -- a checklist of just a few traits that are universally good markers of an appealing long-term holding. Here are three key traits that will key you in to a good investment, regardless of the company's sector, whether it's considered a growth or value stock, or even whether it's a market favorite or a pariah. 1. A brand that's synonymous with the product Technology companies largely rely on human capital for their ongoing competitiveness. Needless to say, people are highly unpredictable assets that can, and do, change quickly. So, products with an Apple logo will only stay popular so long as the mechanics and technology created by its people are cutting-edge. In other words, it's the talent that made Apple (AAPL) what it is today. And in order to remain great, Apple needs to retain its best people and be better than its competitors in acquiring the top minds in its industry. That's why, despite the company's incredible growth and ability to shape the future of multiple industries, Apple will never be as sound an investment as, say, Coca-Cola (KO). Sure, Coca-Cola has an amazing manufacturing and distribution system, along with a super-secret formula to make its signature soft drink. But its true beauty as a company, a brand, and an investment, is that it has taken the simplest of ingredients and through brilliant branding turned its core product into one of the biggest, most recognizable brand names in the world (actually, the third biggest, according to Interbrand's 2013
Hot Managed Healthcare Stocks To Own Right Now: Teva Pharmaceutical Industries Limited (TEVA)
Teva Pharmaceutical Industries Limited, a pharmaceutical company, develops, produces, and markets generic drugs; and proprietary branded pharmaceuticals in various therapeutic categories and active pharmaceutical ingredients worldwide. The company?s provides generic drug portfolio of approximately 1,450 molecules and a direct presence in 60 countries. It offers generic pharmaceutical products in a range of dosage forms, such as tablets, capsules, ointments, creams, liquids, injectables, and inhalants. The company sells its generic injectable products to hospitals, clinics, and other institutional channels, primarily in the United States and Europe, as well as in Latin America and eastern Europe. Its branded products include Copaxone to treat multiple sclerosis; and Azilect to treat Parkinson?s disease, as well as biosimilars, respiratory, and women?s health products. The company was founded in 1901 and is headquartered in Petach Tikva, Israel.
Advisors' Opinion:- [By Monica Gerson]
ANI Pharmaceuticals (NASDAQ: ANIP) reported that it has bought 31 generic drug products from Teva Pharmaceuticals (NYSE: TEVA) for $12.5 million in cash and a percentage of future gross profits. ANI Pharmaceuticals shares surged 5.14% to $18.00 in the after-hours trading session.
- [By Brian Orelli]
Cheap generic versions of Pfizer's (NYSE: PFE ) Viagra are coming to Europe, according the generic-drug maker Teva Pharmaceuticals (NYSE: TEVA ) . The patent on the drug expired in multiple European countries -- Germany, the United Kingdom, Italy, the Netherlands, Switzerland, Ireland, Austria, Belgium, and Denmark -- today. Teva was already selling the drug in Spain, Canada, and a few other countries.
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