BALTIMORE (Stockpickr) -- Portugal, the Middle East and earnings season, oh my! As investor anxiety ramps up to 11, the news cycle is taking its toll on the value of your portfolio. Already, this week weighs in as the four-biggest decline weeks in 2014 for the broad market.
>>5 Big Trades to Conquer a Correcting Market
And it's not even over yet.
There are plenty of factors weighing on stocks this week, but none are quite as clear-cut as the technical picture in the S&P 500. Put very simply, risk clearly eclipses reward in the S&P's price action right now, and stocks look due for a correction -- a more meaningful one than that 1% drop we've experienced since Monday.
But some names are due for a whole lot more than a correction this month. In fact, some stocks could be downright toxic to your portfolio's health this summer. Today, we're taking a technical look at five big names you should sell.
>>5 Stocks Under $10 Set to Soar
Top Stocks To Buy: SunTrust Banks Inc.(STI)
SunTrust Banks, Inc. operates as the holding company for SunTrust Bank, which provides various financial services in the United States. The company?s Retail Banking segment offers consumer deposits, home equity lines, consumer lines, indirect auto, student lending, bank card, and other consumer loan and fee-based products. Its Diversified Commercial Banking segment provides commercial lending, financial risk management, capital raising, commercial card, and other treasury and payment solutions; insurance premium financing; and equipment and lease financing. The company?s Commercial Real Estate segment offers construction, mini-perm, and permanent real estate financing; capital raising services; financial risk management; treasury and payment solutions; and investment advisory and management services, as well as tailored financing and equity investment solutions. Its Corporate and Investment Banking segment provides investment banking products and services, such as strate gic advice, capital raising, and financial risk management; and traditional lending, leasing, treasury management, and institutional investment management services. The company?s Mortgage segment offers residential mortgage products. Its Wealth and Investment Management segment provides brokerage, professional investment management, and trust services; family office solutions; administration and custody services; administrative and investment solutions; escrow; and investment advisory services. The company also offers mortgage banking, credit-related insurance, asset management, securities brokerage, and capital market services. SunTrust Banks, Inc. serves individuals and families; businesses; institutions; and governmental agencies through its network of traditional and in-store branches, automated teller machines, Internet, and telephone. As of December 31, 2011, the company operated 1,659 full-service banking offices. The company was founded in 1891 and is headquartered in Atlanta, Georgia.
Advisors' Opinion:- [By Sue Chang and Ben Eisen]
STI: SunTrust Banks Inc. (STI) �rose 3.5% after the bank said its fourth-quarter earnings jumped 20%.
- [By John Grgurich]
2. TD Bank is bigger than you think
A visit to the Federal Reserve's National Information Center tells us that TD is the 14th�largest bank-holding company in the U.S., farther up on the list than American Express or SunTrust (NYSE: STI ) . TD has a big American operation, so this isn't surprising; it runs 1,315 brancs from Maine to Florida, almost as many as SunTrust in its region. Used skillfully, a bigger bank can generate greater revenue and profit than that of a smaller rival. - [By WWW.DAILYFINANCE.COM]
Getty ImagesThree of the nations largest banks have hiked their out-of-network ATM fees by 50 cents in the past six months. Rising ATM fees are making it more expensive for consumers who regularly use an out-of-network ATM to withdraw cash. The trend may be the push that some consumers need to find a better checking account or bank. In the past six months, three of the nation's largest banks -- Bank of America (BAC), Citibank (C) and SunTrust Bank (STI) -- have each hiked their out-of-network ATM fee from $2 to $2.50. At the top 10 U.S. banks, the average out-of-network ATM fee is $2.45, up from $2.25 in November. Then, don't forget that ATM operator also has the right to slap on a surcharge, usually around $3 to $5. If ATM fees are becoming a costly expense for you, here are some ways to avoid them: Find your bank's ATMs on your smartphone. The biggest reason we resort to using an out-of-network ATM is because ATM machines from our banks are nowhere to be found when we're in a rush. In many cases, your bank's ATM could just be around the corner, but you're in a hurry, so you don't care to check. Instead, you're willing to get hit with the ATM cash withdrawal fee, plus any ATM surcharge. However, with easy access to the Internet through smartphones, it would be wise to search for nearby ATMs. Many mobile banking applications feature a locator tool that will help you find an ATM based on your GPS location. Remember to use affiliated ATM networks. There are financial institutions -- usually community banks and credit unions -- that partner with other financial companies to expand ATM availability without imposing surcharges. For instance, some smaller banks and online banks work with the Allpoint or STAR ATM networks to provide more surcharge-free access to ATMs. Some credit unions also partner with the CO-OP ATM network, which doesn't impose surcharges for members of partnered credit unions. Additionally, financial institutions may work with retailers to
Top 10 Diversified Bank Companies To Own For 2014: (AUQ)
AuRico Gold Inc. engages in the exploration, development, and production of gold and silver projects and properties in Canada, Mexico, and Australia. Its principal property includes the Ocampo mine covering approximately 15,000 hectares located in Chihuahua State. The company was formerly known as Gammon Gold Inc. and changed its name to AuRico Gold Inc. in June 2011. AuRico Gold Inc. was founded in 1986 and is based in Toronto, Canada.
Advisors' Opinion:- [By Garrett Cook]
In trading on Wednesday, basic materials shares were relative leaders, up on the day by about 0.93 percent. Top gainers in the sector included Aluminum Corporation Of China (NYSE: ACH), AuRico Gold (NYSE: AUQ), and Coeur Mining (NYSE: CDE).
- [By Selena Maranjian]
AuRico Gold (NYSE: AUQ ) plunged 44%, having posted some disappointing results lately, and is also suffering from a competitive disadvantage, with its costs above those of some peers. On the plus side, though, the company recently initiated a dividend, which now yields about 2.8%.
- [By Rich Duprey]
Wishing to provide investors with a means of�acquiring additional shares of the gold miner's common stock, AuRico Gold (NYSE: AUQ ) said its board of directors declared it would be initiating -- effective immediately -- a dividend reinvestment plan that enables shareholders to�reinvest the cash dividends paid on their stock.
Top 10 Diversified Bank Companies To Own For 2014: Cape Bancorp Inc.(CBNJ)
Cape Bancorp, Inc. operates as the holding company for the Cape Bank that provides a line of business and personal banking products to retail customers and small and mid-sized businesses primarily in Cape May and Atlantic Counties, New Jersey. Its deposit products include non-interest-bearing demand deposits, such as checking accounts; interest-bearing demand accounts, including NOW and money market accounts; savings accounts; and certificates of deposit. The company?s loan products portfolio comprises commercial mortgage loans, one-to-four family residential mortgage loans, commercial business loans, construction loans, home equity loans and lines of credit, and other consumer loans. It operates through its 16 full service branch offices located in Atlantic and Cape May counties in southern New Jersey; and a loan production office in Burlington County. The company was founded in 1923 and is based in Cape May Court House, New Jersey.
Advisors' Opinion:- [By Tim Melvin]
Right now I know that silver miners like Pan American Silver (PAAS) and Coeur Mining (CDE) are very cheap on an asset basis. I know that oil and gas producers like Swift Energy (SFY) and WPX Energy (WPX) are priced as if no one will ever use the stuff again. I know that small banks like Cape Bancorp (CBNJ) and Essa Bancorp (ESSA) are crazy-cheap — and if the world does not end, those stocks will be a lot higher in a few years.
Top 10 Diversified Bank Companies To Own For 2014: Key Energy Services Inc. (KEG)
Key Energy Services, Inc. operates as an onshore rig-based well servicing contractor in the United States and internationally. The company offers rig-based services, including the maintenance, workover, and recompletion of existing oil and gas wells; completion of newly-drilled wells; and plugging and abandonment of wells at the end of their lives, as well as specialty drilling services to oil and natural gas producers. It also provides fluid management services, such as vacuum truck services, fluid transportation services, and disposal services for operators, whose wells produce saltwater or other non-hydrocarbon fluids; and equipment trucks that are used to move large equipment from one well site to the next, as well as supplies frac tanks, which are used for temporary storage of fluids associated with fluid hauling operations. In addition, the company operates a fleet of hot oilers for pumping heated fluids that are used to clear soluble restrictions in a wellbore; and offers intervention services, such as coiled tubing, pumping, and nitrogen service. Further, it provides fishing services that involve recovering lost or stuck equipment in the wellbore utilizing an array of fishing tools; rental equipment comprising drill pipe, tubulars, pressure-control equipment, power swivels, and foam air units, as well as handling tools comprising Hydra-Walk pipe-handling units and services; oilfield service equipment controls, data acquisition, and digital information flow services; and drilling, project management, consulting, and reservoir engineering services. The company was formerly known as Key Energy Group, Inc. and changed its name to Key Energy Services, Inc. in December 1998. Key Energy Services, Inc. was founded in 1977 and is headquartered in Houston, Texas.
Advisors' Opinion:- [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 Key Energy Services (NYSE: KEG ) , whose recent revenue and earnings are plotted below. - [By Roberto Pedone]
Another energy player that's starting to move within range of triggering a big breakout trade is Key Energy Services (KEG), which provides well services to oil companies, foreign national oil companies and independent oil and natural gas production companies. This stock is off to a modest start in 2013, with shares up by just 7.9%.
If you look at the chart for Key Energy Services, you'll notice that this stock has recently spiked higher back above both its 200-day moving average at $7.16 a share and its 50-day moving average of $7.28 a share. That move is quickly pushing shares of KEG within range of triggering a big breakout trade.
Traders should now look for long-biased trades in KEG if it manages to break out above some near-term overhead resistance levels at $7.75 to $7.96 a share and then once it take out more resistance at $8.04 a share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average action of 2.03 million shares. If that breakout triggers soon, then KEG will set up to re-test or possibly take out its 52-week high at $9.55 a share. Any high-volume move above that level will then give KEG a chance to tag its next major overhead resistance levels at $10 to $11 a share.
Traders can look to buy KEG off any weakness to anticipate that breakout and simply use a stop that sits right below some key near-term support levels at $7.14 a share or $6.83 a share. One can also buy KEG off strength once it takes out that breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point.
- [By Seth Jayson]
Key Energy Services (NYSE: KEG ) reported earnings on April 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Key Energy Services missed estimates on revenues and missed estimates on earnings per share. - [By Jake L'Ecuyer]
Equities Trading DOWN
Shares of Key Energy Services (NYSE: KEG) were down 6.51 percent to $7.32 after the company issued Q4 update.PBF Energy (NYSE: PBF) tumbled 5.85 percent to $28.16 after the company priced secondary offering of 15 million shares at $28 per share. Gulfport Energy (NASDAQ: GPOR) was down, falling 6 percent to $55.66 after the company reported 2013 exit rate of 27,780 barrels of oil equivalent per day. RBC Capital downgraded Gulfport Energy from Outperform to Sector Perform and cut the price target from $64.00 to $61.00.
Top 10 Diversified Bank Companies To Own For 2014: RWE AG (RWE)
RWE AG is a Germany-based electricity and gas company. It diversifies its activities into seven divisions: Germany, which consists of the Power Generation and Sales and Distribution Networks business area; Netherlands/Belgium; Great Britain; The Central Eastern and South Eastern Europe; Renewables; Upstream Gas and Oil, and Trading/Gas Midstream. Under the Netherlands/Belgium division it reports on wholly owned Essent, which provides gas, electricity, heat and energy services. The United Kingdom division represents RWE npower; The Central Eastern and South Eastern Europe division covers its subsidiaries in Poland, Hungary, the Czech Republic, Turkey and Slovakia. The Renewables division comprises all of the activities of RWE Innogy, which specializes in electricity and heat generation from renewables. The Upstream Gas & Oil division produces gas and oil through RWE Dea. The Trading/Gas Midstream division encompasses energy trading, gas midstream activities, and sales to German clients. Advisors' Opinion:- [By Jonathan Morgan]
RWE AG (RWE), Germany�� second-largest utility, slipped 2.4 percent after RBC Capital Markets cut its recommendation on the stock. Lufthansa followed its European peers higher, recovering some of its Aug. 2 selloff. Xing AG (O1BC), the business social network, jumped the most since October as Deutsche Bank AG (DBK) upgraded its rating on the shares.
Top 10 Diversified Bank Companies To Own For 2014: News Corporation(NWS)
News Corporation operates as a diversified media company worldwide. Its Cable Network Programming segment produces and licenses news, business news, sports, general entertainment, and movie programming for distribution through cable television systems and direct broadcast satellite operators primarily in the United States, Latin America, Europe, and Asia. The company?s Filmed Entertainment segment produces and acquires live-action and animated motion pictures for distribution and licensing in entertainment media, as well as produces and licenses television programming worldwide. Its Television segment operates 27 broadcast television stations in the United States. The company?s Direct Broadcast Satellite Television segment distributes programming services via satellite and broadband directly to subscribers in Italy. Its Publishing segment provides newspapers and information services, such as publishing national newspapers in the United Kingdom, approximately 146 newspape rs in Australia, and a metropolitan and a national newspaper in the United States; book publishing services, including the publishing of English language books worldwide; and integrated marketing services comprising the publishing of free-standing inserts, which are marketing booklets containing coupons, rebates, and other consumer offers, as well as provides in-store marketing products and services, primarily to consumer packaged goods manufacturers in the United States and Canada. The company also sells advertising, sponsorships, and subscription services on the company?s various digital media properties and outdoor advertising space on various media primarily in Russia and eastern Europe; and provides data systems and professional services that enable teachers to use data to assess student progress and deliver individualized instructions. News Corporation was founded in 1922 and is headquartered in New York, New York.
Advisors' Opinion:- [By Alex Planes]
The WSJ and other Dow Jones properties became part of News Corp. (NASDAQ: NWS ) �in 2007. Today, it is the largest newspaper in daily circulation in the United States, with 2.4 million subscribers, of whom about 900,000 are only subscribed to the digital edition. That's about half a million more subscribers than the second-largest newspaper in the country.
Top 10 Diversified Bank Companies To Own For 2014: Corelogic Inc (CLGX)
CoreLogic, Inc. (CoreLogic),incorporated on October 13, 2009, is a provider of property information, analytics and services provider in the United States of America and Australia. The Company provides detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets the Company serves include real estate and mortgage finances, insurance, capital markets and government. The Company offers its customers databases of public, contributory data covering real property and mortgages information, judgments and liens, parcel and geospatial data, criminal background records, national coverage eviction information, non-prime lending records, credit information, and tax information, among other data types. It serves its customers' needs for mortgage and automotive credit reporting, property tax, property valuation, flood plain location determination and other geospatial data, data, analytics and related services. The Company operates in three segments: data and analytics, mortgage origination services and asset management and processing solutions.
Data and Analytics
The Company's data and analytics segment offers access to data assets including real estate information, such as property characteristic information, mortgage information, collateral information, and images of publicly recorded documents relating to real property, mortgage-backed securities information, criminal and eviction records, employment verification, flood and hazard information and under-banked credit information. The Company licenses its data directly to its customers and provide its customers with analytical products and services for risk management, collateral assessment and fraud prediction. The Company also provides consumer screening and risks management for the multi-family housing and under-banked credit services industries. The Company's primary customers are commercial banks, mortgage lenders and brokers, inves! tment banks, fixed-income investors, real estate agents, property and casualty insurance companies, title insurance companies, property management companies and government-sponsored enterprises.
The Company is a provider of fraud detection, collateral and mortgages performance analytics and real estate and mortgage-backed securities information. The Company uses its data to link property location and characteristics , real estate transactions and consumer and loans information to provide useful insights and analysis for its customers. The Company's customers span many industries, including mortgage lending, government, capital markets, consumer-direct, property and casualty insurance, direct marketing, utilities and retail. The Company obtains, normalizes and aggregates real estate property and loans data and make such data available to its customers with a standard format over the Web or in bulk data form. In addition, the Company offers a number of other services that help its customers make risk assessments, determine property values and track market performance. The Company offers its customers a host of property valuation services in an effort to assist them in assessing their risk of loss with alternative forms of property valuations, depending upon their needs and regulatory requirements. These include, among others, automated valuation models collateral risk scores, appraisal review services and valuation reconciliation services.
The Company provides solutions designed to assist its customers in detecting and preventing mortgage fraud and managing risk. The Company also provides advisory services that allow holders of mortgage-backed securities, loan and real property portfolios to gain insight on the value, quality and attributes of those assets. The Company provides document retrieval, custom fulfillment, advisory and other services that allows its customers to benefit from its specialists and their knowledge of its data to provide project-based or client-customized r! eports. T! he Company is a provider of screening and risks management services for the multi-family housing industry. The Company conducts applicant screening and generate consumer reports containing information that may includes landlord-tenant court records, lease and payment performance history, credit history and criminal records history primarily for residential property managers and owners throughout the United States.
The Company is a provider of natural hazard risk management and information solutions with premium locational accuracy and spatial datasets. The Company also offers specialized data and analytical models including Wildfire Risk Score, Coastal Risk Score, Flood Risk Score, Earthquake and Fire Protection Class. The Company's analytics and hazard data are delivered to customers through multiple methods including the RiskMeter Online platform, a software as a service platform targeted to insurance industry participants. The Company is a provider of credit reports for under-banked consumer and specialty borrowers. The Company's customers range in size from single proprietorships to major credit card issuers. The Company is a provider of real estate listing software systems.
Mortgage Origination Services
The Company provides loan origination and closing-related services and solutions to mortgages originators, including tax services and flood and data services. The segment's primary customers are national mortgage lenders and servicers, but the Company also serves regional mortgage lenders and brokers, credit unions, commercial banks, government agencies and property and casualty insurance companies.
The Company provides property tax services in the United States. The Company procures and aggregates property taxes information from over 20,000 taxing authorities. The Company uses this information to advise mortgage originators and servicers of the property taxes payment status on their loans and to monitor that status for the life of the loans. Th! e Company! also may indemnify mortgage lenders against losses for any failure to make transfers to taxing authorities.
The Company provides flood zone determinations in the United States. The Company typically furnishes a mortgage originator or servicer with a report as to whether a property lies within a governmentally delineated flood hazard area and then monitor the property for flood hazard status changes for as long as the loan is active.
The Company provides credit services in the United States mortgage and transportation markets, with solutions that helps its customers meet their lending, leasing and other consumer credit automation needs. The Company provides cloud computing-based lending solutions to the financial services market through a comprehensive suite of enterprise lending automation solutions.
Asset Management and Processing Solutions
The Company provides analytical and outsourcing services primarily relating to defaulting and foreclosed mortgages loans to mortgage servicers, financial institutions, government and governmental-sponsored enterprises and other companies. The Company inspects , preserves, maintain and , where required, registers vacant properties with local authorities on behalf of its mortgage servicer customers.
The Company through its business processing outsourcing (BPO) offers mortgage servicers and investors a alternative to traditional appraisals. The Company provides outsourcing services to residential mortgage servicers. The Company's processing competencies provide the servicers operational, audit and quality control services throughout the default cycle, from collections to foreclosure. The Company provides property recovery services, including eviction logistics. The Company values the asset using one or more of its full range of valuation products. The Company also offers marketing and closing services. The Company provides mortgage servicers with a suite of hosted default management servicing applicatio! ns. The C! ompany's component-based solution provides modules for loss mitigation, foreclosure, bankruptcy, collateral valuations, property preservation, REO asset management and claims processing.
The Company competes with Equifax Inc., Lexis-Nexis, Lender Processing Services, Inc, TransUnion Corp., Verisk Analytics, Safeguard Properties, Clear-Capital.com, Inc, and Experian plc.
Advisors' Opinion:- [By John Maxfield]
Catalysts aside, there's no question that an increase in home prices will help the economy. CoreLogic (NYSE: CLGX ) recently estimated that 19.8% of homeowners are underwater on their mortgages. Zillow (NASDAQ: Z ) puts the figure at 25.4%.
- [By MONEYMORNING.COM]
I came to this conclusion courtesy of another housing stat. Data provider CoreLogic Inc. (NYSE: CLGX) says average housing prices rose 11% in March compared with the same month in 2013.
- [By Rich Duprey]
Based on data culled from Multiple Listing Service sales, CoreLogic (NYSE: CLGX ) says its home price index for March, the latest period available, jumped 10.5% from March 2012, the company announced today.
- [By John Maxfield]
We were reminded of this in a recent report on the state of the foreclosure market published by data analytics firm CoreLogic (NYSE: CLGX ) . At the same time, however, we were also reminded of how much further we still have to go before the crisis is fully and finally behind us. What follows, in turn, are the five most revealing numbers that CoreLogic uncovered in its report.
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