Oh boy. Moody’s said it might do it, and now it has. It’s cut the credit rating on a handful of U.S. banks, including Goldman Sachs (GS), JPMorgan Chase (JPM) and Morgan Stanley (MS).
ReutersGoldman Sachs Group had its long-term senior unsecured debt cut to Baa1 from A3; JPMorgan Chase & Co. had its long-term senior unsecured debt cut to A3 from A2; and Morgan Stanley had its long-term senior unsecured debt cut to Baa2 from Baa1.
Moody’s Peter Nerby and team explain their reasoning:
Moody’s acted on the systemic support assumptions incorporated in the ratings of the eight groups as follows: 1) did not change the support assumptions for bank-level senior debt; 2) removed all uplift from US government support in the ratings for bank holding company debt; 3) reduced loss severity assumptions for bank holding company debt; 4) reduced uplift for bank-level subordinated debt. Moody’s also aligned the support assumptions for certain systemically important international subsidiaries with those of their primary domestic affiliates…
Top Consumer Companies To Own For 2015: Rouse Properties Inc (RSE)
Rouse Properties, Inc. (Rouse), incorporated on August 10, 2011, is a real estate investment trust (REIT) company. Rouse is engaged in the operation, development and management of retail rental property. The Company�� portfolio consists of 30 regional malls in 19 states totaling over 21 million square feet of retail and ancillary space. The Company is a regional mall owner in the United State. It manages all of its properties, performing the day-to-day functions, operations, leasing, maintenance, marketing and promotional services. Its malls are anchored by operators across the retail spectrum. The Company�� regional malls include Sikes Senter Mall, Valley Hills Mall, Bayshore Mall and The Boulevard Mall. Its portfolio also includes regional malls that have growth through lease-up, repositioning and redevelopment. Rouse is a wholly owned subsidiary of GGP Limited Partnership (GGPLP), which is majority owned by General Growth Properties, Inc. (GGP). In February 2012, the Company purchased Grand Traverse Mall in Traverse City. In January 2013, the Company acquired the Mall at Turtle Creek and an adjacent shopping center, Turtle Creek Crossing. In July 2013, the Company announced the acquisition of Greenville Mall, in Greenville, North Carolina. In December 2013, the Company acquired Chesterfield Towne Center, in Richmond, Virginia, and the Centre at Salisbury, in Salisbury, Maryland.
The operators across the retail spectrum, including departments stores, such as Macy's, JC Penney, Sears, Dillard's, Walmart and Target; mall shop tenants, such as Hollister, Victoria's Secret, Bath & Body Works, Aeropostale, American Eagle, Children's Place, Gap/Old Navy, Footlocker, Maurices and Forever 21; restaurants ranging from food court, such as Sarku Japan, Panda Express and Chick Fil A; casual chains, such as Chipotle, Panera Bread and Starbucks, and sit down restaurants, including On The Border, Buffalo Wild Wings, Red Robin and multiple Darden concepts.
Advisors' Opinion:- [By Mike Arnold]
Brookfield's public assets include a 21% stake (and potentially more given certain warrants held by Brookfield) in General Growth Properties (GGP), a 51% stake in Brookfield Office Properties (BPO), a 36% stake (again, more if certain warrants are exercised) in Rouse Properties (RSE) and 21% stake in Canary Wharf Group Plc, which is majority owned by Songbird Estates Plc (SBEPF.PK).
Top 5 Net Payout Yield Companies To Invest In 2014: Aberdeen Australia Equity Fund Inc (IAF)
Aberdeen Australia Equity Fund, Inc. (the Fund) is a closed-end, non-diversified management investment company. The Fund�� principal investment objective is long-term capital appreciation through investment primarily in equity securities of Australian companies listed on the Australian Stock Exchange Limited. Its secondary objective is current income, which is expected to be derived primarily from dividends and interest on Australian corporate and governmental securities. The Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities, consisting of common stock, preferred stock and convertible stock, of companies tied economically to Australia (each an Australian Company), and at least 65% of its total assets in equity securities, consisting of common stock, preferred stock and convertible stock, listed on the Australian Stock Exchange Limited (ASX). Advisors' Opinion:- [By Dividends4Life]
According to a Gabelli Funds report, managed distribution policies offer several advantages, including:1. Lower difference between the fund�� market price and its NAV per share.2. Provides support during periods when the stock market is in a decline.3. Provides a measurable performance target for the investment adviser.Below are several high-yield funds from CEFA that have a managed distribution policy (yields as of December 16):Aberdeen Australia Eqty (IAF)- Distribution Yield: 10.4%- Income Yield: 3.46%Bexil Advisers LLC� (DNI)- Distribution Yield: 11.1%- Income Yield: 3.56%BlackRock En Capital&Inc (CII)- Distribution Yield: 8.78%- Income Yield: 2.34%Cornerstone Strat Value (CLM)- Distribution Yield: 18.77%- Income Yield: 1.83%Cornerstone Total Return (CRF)- Distribution Yield: 19.10%- Income Yield: 0.85%Delaware Inv Div & Inc (DDF)- Distribution Yield: 6.70%- Income Yield: 5.26%Gabelli Equity Trust (GAB)- Distribution Yield: 7.58%- Income Yield: 1.54%Gabelli Utility Trust (GUT)- Distribution Yield: 9.45%- Income Yield: 2.84%MFS Special Value Trust (MFV)- Distribution Yield: 9.60%- Income Yield: 5.73%Nuveen Tx-Adv TR Strat (JTA)- Distribution Yield: 6.70%- Income Yield: 3.12%TCW Strategic Income (TSI)- Distribution Yield: 10.54%- Income Yield: 7.88%Zweig Total Return (ZTR)- Distribution Yield: 7.27%- Income Yield: 1.95%As noted in the Gabelli report, a managed distribution policy may create confusion regarding the true current yield since the reported yield includes the return of capital portion. You can see the disparity above between the income yield and the distribution (reported) yield.If you are looking for a sustainable and growing dividend, you may want to consider some blue-chip dividend stocks such as these with a Free Cash Flow Payout less than 50%, 50+ years of consecutive dividend increases and a 2%+ yield:3M Co. (MMM) is a diversified global company provides enhanced product functionality in electronics, health care, industrial, consumer
Top 5 Net Payout Yield Companies To Invest In 2014: Brainstorm Cell Therapuetics Inc (BCLI)
Brainstorm Cell Therapeutics Inc. (Brainstorm), incorporated on November 15, 2006, is a biotechnology company developing adult stem cell therapies for debilitating neurodegenerative disorders, such as Amyotrophic Lateral Sclerosis (ALS, also known as Lou Gehrig's disease), Multiple Sclerosis (MS), and Parkinson�� disease (PD). These diseases have limited treatment options and as such represent unmet medical needs. The Company�� NurOwn technology is based on a differentiation protocol, which induces differentiation of the bone marrow-derived mesenchymal stem cells into neuron-supporting cells, MSC-NTF cells, capable of releasing several neurotrophic factors, including Glial-derived neurotrophic factor (GDNF) and Brain-derived neurotrophic factor (BDNF), Vascular endothelial growth factor (VEGF) and Hepatocyte growth factor (HGF), which are critical for the growth, survival and differentiation of developing neurons.
The Company�� approach to treatment of neurodegenerative diseases with autologous adult stem cells includes a multi-step process beginning with harvesting of undifferentiated stem cells from the patient's own bone marrow, and concluding with transplantation of differentiated, neurotrophic factor-secreting mesenchymal stem cells (MSC-NTF) into the same patient-intrathecally and/or intramuscularly. Intrathecal (injection into the cerebrospinal fluid) transplantation consists of injection with a standard lumbar puncture; there is no need for a laminectomy -an invasive, orthopedic spine operation to remove a portion of the vertebral bone, as required by other technologies. Intramuscular (injection directly into muscle) transplantation is performed via a standard injection procedure as well. Its production process for induction of differentiation of human bone marrow derived mesenchymal stem cells into differentiated cells that produce NTF (MSC-NTF) for clinical use is conducted in full compliance with current Good Manufacturing Practice (cGMP).
Advisors' Opinion:- [By John Udovich]
Small cap ALS and stem cell stock�Brainstorm Cell Therapeutics Inc (NASDAQ: BCLI) surged 22.68%�ahead if its Monday ice bucket challenge when they will release the final results from�a phase 2a clinical trial���meaning its worth taking a closer look at the stock along with the performance of stem cell stocks or ALS stocks like Cytokinetics, Inc (NASDAQ: CYTK), Neuralstem, Inc (NYSEMKT: CUR) and NeoStem Inc (NASDAQ: NBS). However, Brainstorm Cell Therapeutics does have a history of being the subject of paid promotions and/or investor relations activities when it was trading on the OTC.
Top 5 Net Payout Yield Companies To Invest In 2014: EastGroup Properties Inc. (EGP)
EastGroup Properties, Inc., a real estate investment trust (REIT), focuses on the development, acquisition, and operation of industrial properties in the United States. As of December 31, 2007, it owned 202 industrial properties and 1 office building, as well as approximately 1.7 million square feet properties in Florida, Texas, Arizona, and California. The company has elected to be taxed as a REIT under the Internal Revenue Code. As a REIT, it would not be subject to federal income tax purposes, provided it distributes at least 90% of its REIT taxable income to its shareholders. EastGroup Properties, Inc. was founded in 1969 and is headquartered in Jackson, Mississippi.
Advisors' Opinion:- [By Ken McGaha]
The four REITS I reviewed are Kilroy Realty Corp. (KRC), Kimco Realty Corp. (KIM), Eastgroup Properties (EGP) and Federal Realty Investment Trust (FRT).
- [By Brad Thomas]
Other REITs mentioned: (O), (NNN), (STAG), (DCT), (EGP), (PDM), (DRE), (LRY)
Source: Chambers Street: More Liquidity Magic On The Way In REIT-DomDisclosure: I 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. (More...)
- [By Rich Duprey]
Sunbelt industrial property investor�EastGroup Properties� (NYSE: EGP ) �announced yesterday its second-quarter dividend of $0.53�per share, the same rate it paid for the last three quarters after raising the payout 2%, from $0.52 per share. It had previously maintained that same payout rate since 2005.
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