Monday, March 31, 2014

Some same-sex couples have to fill out 5 tax…

BERKLEY, Mich. — Many legally married gay and lesbian couples are delighted with the change in federal income tax rules that treats them like other married couples.

But state-by-state rules continue to create tax-time turmoil.

Alan Semonian, a certified public accountant at Ameritax Plus in Berkley, Mich., said he has prepared tax returns this year for more than a dozen same-sex couples in Michigan who used to do their own taxes but gave up.

"They realize they're in over their heads," Semonian said.

For the 2013 tax year and going forward, same-sex couples who are legally married generally must file using either married filing separately or married filing jointly on federal income tax returns. This is the first year that legally married same-sex couples are required to file federal tax returns as married.

"Unfortunately, these are not the years you can use TurboTax," said Janis Cowhey McDonagh, partner and co-leader of the Lesbian, Gay, Bisexual & Transgender Practice group for Marcum in New York. "I can't imagine how many mistakes are being made out there on these filings."

Michigan and some other states that do not recognize same-sex marriages still require couples to file state income tax returns as single filers.

Gay couples may need 5 returns

In Michigan, a same-sex couple married in a state that recognizes their marriage would need to prepare five tax returns and file three of them.

First, the couple must prepare and file a federal return using a married status.

STORY: Indiana bill specifically bans same-sex couples' joint returns
STORY: Married gay couples can file joint returns, IRS says

Then, they must prepare two separate federal returns, as single filers, so Michigan returns can be based on those two returns. Then they have to prepare and file two separate state returns as single filers for Michigan.

"My thoughts are, 'Why do we have to do this?'" said Cheryl Pine-Stanczyk, 50, of Oak Park, Mich. "That's ridiculou! s."

She and wife Jenny Stanczyk, 46, were legally married May 26, 2011, in Davenport, Iowa, where same-sex marriages are legal. The couple is filing a married-filing-jointly federal return but still must file two separate Michigan state returns for the State of Michigan.

"It's an extra filing fee" for added forms, said Pine-Stanczyk, who doesn't know how much extra the cost will be as the women have not received a bill yet from their tax preparer. While they are parents together and own property together, filing as single in Michigan means they must break up credits and deductions.

"When it's time for taxes, we have to sit down and split things up, which makes no sense," Pine-Stanczyk said.

"How do you divide up a house? Who's going to get the credit?" Pine-Stanczyk said. In some years, Stanczyk was working and Pine-Stanczyk was in school, so Stanczyk took deductions.

Pine-Stanczyk now works for the state's child protective services office in Pontiac, Mich.; Stanczyk works as a teacher for Warren Consolidated Schools.

Where married matters

Lisa Greene-Lewis, a certified public accountant for TurboTax, said same-sex couples in the 17 states that recognize same-sex marriage are more comfortable doing taxes themselves, and TurboTax has seen some same-sex couples come back to their software.

It is far easier to file one federal and one state return, so it's easier to prepare taxes by oneself, she said.

When filing a federal return, the key question for same-sex married couples this tax season is where was the couple married?

"It's not universal. It's going to matter where you live and it's going to matter where you got married as a couple," said Managing Editor AJ Smith of SmartAsset.com, which offers blogs and other information on financial topics.

For the federal return, the same-sex couple must be married in any location that recognizes same-sex marriage.

An example: If the same-sex couple married in New York, which allows same-sex c! ouples to! marry legally, but lives in Michigan, they would file their federal tax return either married filing jointly or married filing separately.

In Michigan, same-sex marriages continue to be prohibited until the U.S. 6th Circuit Court of Appeals in Cincinnati hears formal arguments. U.S. District Judge Bernard Friedman struck down a 2004 state constitutional amendment that says marriage is between a man and a woman, but appellate judges granted a temporary stay of the ruling the next day and later extended the pause indefinitely.

Should a couple amend?

Terry Stanton, a spokesman for state Treasurer Kevin Clinton, said it would be "inappropriate and imprudent to speculate before the court ruling" on how Michigan would treat same-sex couples on tax returns in future years.

On the federal level, the U.S. Supreme Court stuck down the federal Defense of Marriage Act in June 2013 and made it possible for the IRS to recognize gay marriage on federal income tax returns.

Some two-income, same-sex couples could be paying more now; others might find a lower tax bill if one spouse has a much higher-paying job than the other.

On the plus side, a same-sex married couple no longer would have to treat employer-provided health coverage for spouses as taxable income, as in the past. Putting savings into a spousal IRA also becomes a possibility.

If legally married before 2013, too, some same-sex couples could consider filing amended returns for previous tax years, such as 2010, 2011 or 2012, if they think they would pay significantly lower taxes.

"It's an option. It's not required," Semonian said.

Experts say some same-sex married couples might want to amend returns to exclude previous taxable income, such as health insurance.

Filing amended returns is not a simple decision. The loss of some tax breaks could offset other potential gains. And paying a tax preparer to file amended returns increases the costs.

Susan Tompor also reports for the Detroit Free Press.

Sunday, March 30, 2014

Why A. Schulman Shares Tumbled

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of A. Schulman (NASDAQ: SHLM  ) were getting squashed today, falling as much as 14% after the plastics-maker turned in a subpar quarter.

So what: The automotive-materials supplier posted an adjusted earnings per share of $0.27, well below the analyst consensus at $0.40, and revenue was slightly off as well. Management blamed the shortfall on continued weakness in Europe, noting that it was their first quarter in "quite some time where our America and Asia segments could not offset softness in Europe." CEO Joseph Gingo also said the company plans to cut costs at the SG&A level to cope with the disappointing economic environment. Shulman also lowered its EPS forecast for the fiscal year ending in August to $2.08 to $2.13 a share. Analysts had projected $2.18.

Top 10 Performing Companies To Watch In Right Now

Now what: Coming on the cusp of earnings season, Schulman's report is a bit of warning shot for the auto industry as a whole. The slowdown in Europe has dampened industry performance for the past several quarters, and the sector still seems to be waiting for the upswing. Some of the larger automakers have predicted Europe will begin to come back in the second half of the year, but that remains to be seen. With continued restructuring activities planned and the global economy still slow to wake up, Schulman looks like a risky bet right now.

Get more on A. Schulman. Add the company to your Watchlist by clicking right here.  

Saturday, March 29, 2014

3 Biotech Stocks Under $10 to Trade for Breakouts

DELAFIELD, Wis. (Stockpickr) -- At Stockpickr, we track daily portfolios of stocks that are the biggest percentage gainers and the biggest percentage losers.

>>5 Big Trades to Brace for a Correction

Stocks that are making large moves like these are favorites among short-term traders because they can jump into these names and try to capture some of that massive volatility. Stocks that are making big-percentage moves either up or down are usually in play because their sector is becoming attractive or they have a major fundamental catalyst such as a recent earnings release. Sometimes stocks making big moves have been hit with an analyst upgrade or an analyst downgrade.

Regardless of the reason behind it, when a stock makes a large-percentage move, it is often just the start of a new major trend -- a trend that can lead to huge profits. If you time your trade correctly, combining technical indicators with fundamental trends, discipline and sound money management, you will be well on your way to investment success.

>>5 Stocks With Big Insider Buying

With that in mind, let's take a closer look at a several stocks under $10 that are making large moves to the upside.

Amarin

Amarin (AMRN), a biopharmaceutical company, focuses on the development and commercialization therapeutic products for the treatment for cardiovascular diseases in the U.S. This stock closed up 5.7% to $1.85 in Thursday's trading session.

Thursday's Range: $1.71-$1.85

52-Week Range: $1.36-$7.98

Thursday's Volume: 2.54 million

Three-Month Average Volume: 4.99 million

From a technical perspective, AMRN spiked sharply higher here back above its 50-day moving average of $1.82 with lighter-than-average volume. This spike is quickly pushing shares of AMRN within range of triggering a major breakout trade. That trade will hit if AMRN manages to take out Thursday's high of $1.85 to some more key overhead resistance at $1.99 with high volume.

Traders should now look for long-biased trades in AMRN as long as it's trending above Thursday's low of $1.71 or above more near-term support levels at $1.68 to $1.60 and then once it sustains a move or close above those breakout levels with volume that hits near or above 4.99 million shares. If that breakout materializes soon, then AMRN will set up to re-fill some of its previous gap-down-day zone from January that started near $2.50. Any high-volume move above $2.75 will then give AMRN a chance to re-fill some of another previous gap-down-day zone last October that started above $4.50.

Inovio Pharmaceuticals

Inovio Pharmaceuticals (INO), together with its subsidiaries, discovers and develops synthetic vaccines and immune therapies focusing on cancers and infectious diseases. This stock closed up 12.6% to $3.64 in Thursday's trading session.

Thursday's Range: $3.07-$3.64

52-Week Range: $0.49-$3.95

Thursday's Volume: 17.07 million

Three-Month Average Volume: 7.84 million

From a technical perspective, INO skyrocketed higher here right off its 50-day moving average of $3.06 with strong upside volume. This spike is starting to push shares of INO within range of triggering a big breakout trade. That trade will hit if INO manages to take out Thursday's high of $3.64 to some more key overhead resistance levels at $3.89 to its 52-week high at $3.95 with high volume.

Traders should now look for long-biased trades in INO as long as it's trending above its 50-day at $3.06 or above $3 and then once it sustains a move or close above those breakout levels with volume that hits near or above 7.84 million shares. If that breakout gets underway soon, then INO will set up to enter new 52-week-high territory above $3.95, which is bullish technical price action. Some possible upside targets off that breakout are $4.50 to $5.

Adamis Pharmaceuticals

Adamis Pharmaceuticals (ADMP), a biopharmaceutical company, engages in the development and commercialization of specialty pharmaceutical products in the therapeutic areas of oncology, immunology and infectious diseases, and allergy and respiratory. This stock closed up 0.79% to $6.40 in Thursday's trading session.

Thursday's Range: $6.31-$6.40

52-Week Range: $3.40-$13.09

Thursday's Volume: 76,000

Three-Month Average Volume: 109,711

From a technical perspective, ADMP trended modestly higher here with lighter-than-average volume. This stock has been consolidating and trending sideways for the last three, with shares moving between $6.05 on the downside and $7.25 on the upside. Shares of ADMP are now starting to perk up a bit right below its 50-day moving average of $6.50. Market players should now look for a move back above its 50-day moving average of $6.50 with strong volume.

Traders should now look for long-biased trades in ADMP as long as it's trending above some key near-term support levels at $6.12 to $6.05 and then once it sustains a move or close above its 50-day at $6.50 with volume that hits near or above 109,711 shares. If we get that move soon, then ADMP will set up to re-test or possibly take out its next major overhead resistance levels at $6.90 to $7.10, or even $7.25. Any high-volume move above those levels will then give ADMP a chance to tag $8 to $9.

To see more stocks that are making notable moves higher, check out the Stocks Under $10 Moving Higher portfolio on Stockpickr.

-- Written by Roberto Pedone in Delafield, Wis.


RELATED LINKS:



>>3 Stocks Spiking on Big Volume



>>Beat the S&P in 2014 With the Stocks Everyone Else Hates



>>3 Hot Stocks to Trade (or Not)

Follow Stockpickr on Twitter and become a fan on Facebook.

At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Delafield, Wis., is an independent trader who focuses on technical analysis for small- and large-cap stocks, options, futures, commodities and currencies. Roberto studied international business at the Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany. His work has appeared on financial outlets including

CNBC.com and Forbes.com.

You can follow Pedone on Twitter at www.twitter.com/zerosum24 or @zerosum24.


Friday, March 28, 2014

Breakfast wars perk up: McDonald's pours free…

McDonald's has devised a simple way to douse Taco Bell's high-profile breakfast roll-out: free coffee.

The fast-food giant on Friday surprised the industry -- and groggy morning commuters -- by announcing that its participating U.S. locations will offer freebie small cups of McCafe coffee during regular breakfast hours from March 31 through April 13.

At McDonald's, freebies are typically a last resort.

The iconic chain said this is the very first time it's ever had a free coffee "event."

McDonald's is still smarting from an in-your-face Taco Bell breakfast commercial that debuted this week, featuring several dozen real guys it found named 'Ronald McDonald,' who cheer the new Taco Bell breakfast line-up.

Unlike McDonald's conventional breakfast sandwiches, the Taco Bell offerings include oddball items Waffle Tacos and poppable Cinnabon Delights.

TONGUE-IN-CHEEK AD: 'Ronald McDonald' hypes new Taco Bell breakfast

WAKING UP: Taco Bell thinking outside the breakfast bun

Breakfast is widely regarded as the last, best growth segment in fast food. It's a $50 billion business, estimates Technomic. McDonald's has cornered that breakfast market for decades with more than one-quarter of the fast-food breakfast business, but it's suddenly feeling new pressure from such unlikely breakfast competition as Taco Bell and Starbucks.

"This event is McDonald's way of encouraging new guests to try McCafe coffee," says Greg Watson, senior vice president of McDonald's U.S. menu innovation. McDonald's also wants to coax customers it already has into visiting a bit more often. The hope, of course, is that folks who stop in for a free coffee will also walk out with a bag of breakfast munchies.

For McDonald's, the problems go deeper than breakfast. CEO Don Thompson has said that the chain's new product pipeline needs to improve. And February sales at its stores open at least 13 months fell 0.3%, as its U.S. business slumped for the fourth consecutive month in the midst of ghastly winter weather.

Even with the new competition at breakfast, McDonald's is hardly expected to lose much ground there. "So far, no one has been able to compete with McDonald's at breakfast," says Ron Paul, president of Technomic. "Everyone is grabbing for a little bit of market share wherever they can get it."

Thursday, March 27, 2014

JPMorgan Chase & Co. and Bank of America Corp Plan Dividend Raises and Buybacks (JPM, BAC)

Following the Federal Reserve Board’s release of the 2014 Comprehensive Capital Analysis and Review (CCAR) results, both JP Morgan Chase (JPM) and Bank of America (BAC) announced that they will be upping their dividend payouts and instituting share repurchase plans in the second quarter of 2014.

JP Morgan Plans Sizable Dividend Boost and $6.5 Billion Buyback

JP Morgan plans to raise its quarterly dividend from 38 cents to 40 cents, making for an annualized payout of $1.60. The intended 40 cent dividend will be paid on July 31 to all shareholders on record as of July 3.

The company will also be repurchasing $6.5 billion of equity from April 1, 2014 to March 31, 2015. JPM’s CEO, Jamie Dimon, had the following comments about the intended financial plans: “We are pleased that our Board intends to raise the dividend and has authorized us to continue our equity buyback program. We anticipate reaching a Basel III Tier I common ratio of 10% by the end of this year, taking into account these capital actions and our ongoing investments in our growing businesses."

Bank of America Raises Dividend 4 Cents, Announced $4 Billion Buyback

Bank of America plans to increase its quarterly payout from 4 cents to 5 cents, making for an annualized payout of 20 cents. The higher payout will be for the company’s second quarter dividend. In addition to the dividend raise, BAC announced a $4 billion share repurchase plan, which will be replacing the company’s current buyback plan that expires on March 31, and will include warrants and common stock.

BAC’s CEO, Brian Moynihan, had the following comments: ”Over the last few years we have focused on positioning the company to return capital to our shareholders. We know that increasing the common dividend is important to our shareholders and we are pleased that we can continue to return excess capital through both repurchases and dividends."

JP Morgan stock was up 47 cents, or 0.78%, in after hours trading. YTD, the stock is up 36.43%.

Bank of America stock was up 15 cents, or 0.87%, in after hours trading. YTD, the stock is up 6.89%.

Wednesday, March 26, 2014

The Huge Economic Indicator Everyone Misses

If you like bull markets, you better hope Janet Yellen is one of the most talkative Fed Chairs in history.

It's not that she's going to say anything brilliant or insightful, just that she says something -  anything - on a regular basis.

You see, there's a direct relationship between how much she says and what's happening in the markets. What she says is almost completely irrelevant.

I know people spend hours agonizing over the slightest nuances in each statement, but really none of those things matters.

Unless you are a policy wonk, Fed statements are pretty consistently useless pontifications made every 6 to 8 weeks by the head of a supposedly independent financial body that is, in fact, a highly politicized entity.

The Fed exercises little if any control over variables and targets that it changes at will and deems relevant at its sole discretion.

Top 10 Undervalued Companies To Watch For 2014

Harsh? You bet. But not without merit...

Flawed Fed Policies (Need Long Explanations)

economic indicatorThe first Federal Open Market Committee (FOMC) press statement was released on Feb. 4, 1994, and it was all of a whopping 99 words: short, succinct, and to the point.

By comparison, Yellen's first statement, issued after last week's FOMC meeting, was 877 words - a 785% increase in 20 years.

You can chalk this up to a more communicative Fed or the proliferation of media in the Internet Age if you want. It's not a stretch of the imagination with all the technology that we have at our disposal.

I think that'd be a big mistake.

I think the Fed is saying more in a deliberate attempt to explain its actions the way a child tries to justify getting his hand caught in the cookie jar. The goal is to bamboozle the American public into believing that expanding the Fed balance sheet by more than 450% in excess of $4 trillion is justifiable, responsible, and prudent.

I believe the fact that they are communicating more and saying less is very deliberate. Reality no longer fits their data, so Yellen is changing the data. She even blamed the weather, which is not too far from the "dog ate my homework."

As the Words Pile Up, So Do Fed Assets

economic indicatorThe Fed missed the financial crisis in formation and has been wrong about critical inflation and jobs data for several years in a row now, which means that it's got to "explain" itself in other ways.

Coincidence? I think not... there is a direct correlation between the rising FOMC word count and Fed assets.

To be fair, statistically speaking, correlation is not causation. If you remember your high school statistics classes, the fact that one data set is highly correlated to another does not mean that one caused the other.

But when you tie a third data set in, and a fourth and a fifth... coincidence goes right out the window.

economic indicatorIt's one thing to say that the Fed is simply doing a better job of communicating. And entirely another when you realize why...

The bellwether S&P 500 has risen in near-perfect lockstep to the Fed's balance sheet, which, has in turn, risen nearly perfectly with the frequency and word count of the Fed's own minutes.

Ergo... if you want the rally to continue, you better hope that Yellen keeps talking... a LOT.

About what really doesn't matter.

Mark the Words, and Plan Your Next Steps

Key Takeaways:

The Fed is well intentioned, but the rhetoric and "explanations" have risen commensurately with the complexity of what it thinks it's doing. Like the kid raiding the cookie jar, somebody's getting grounded. We just need to make sure it's not us.
To that end, I cannot overstate the importance of two things right now - trailing stops and a ready-for-anything plan kept top drawer at all times. The former is for protecting capital while the markets grind higher, and the latter is for capitalizing on chaos.
You'll know which plan to put in effect the moment the next FOMC minutes are released by doing nothing more complicated than a word count. If it's greater than 877 words or in the neighborhood, things will probably continue the way they are. But if it's dramatically shorter, get ready for rough sledding.

Monday, March 24, 2014

Four Defensive Stocks for Cautious Investors

Investors have to start asking themselves if it is time to start getting defensive. The stock market keeps hitting new highs, only to sell off. Uncertainty in China and Russia continue. The speculative biotech stocks have started to sell off. The rate of initial public offerings is off the charts, and companies keep selling shares in secondary offerings. Small-cap stocks also have kept running and running. This is generally the climate that equity investors who want to maintain exposure to stocks tend to become more defensive.

If investors believe that the stock market is going to rally 10% or 20%, they prefer growth stocks. If the market is frothy and acting like it is fairly valued or fully valued, the smart money investors go into defensive stocks. Generally these are low-growth, steady-eddie companies, with good dividends to boot.

As a reminder, the bull market is now more than five-years old. Also remember that the S&P 500 rose nearly 30% in 2013. If it is time to get defensive, what are some solid defensive stocks for investors now? 24/7 all St. looked over its universe of defensive go-to stocks to see which companies look best for worried and cautious investors.

Each of these has a solid dividend and is expected by analysts to rise, even in a flat market.

AT&T Inc. (NYSE: T) immediately comes to mind. Yes, it has had problems and has underperformed the market. But AT&T leads all Dow Jones Industrial Average Stocks in dividends, with a yield of about 5.4%. We recently highlighted that money inflows were starting to pour into AT&T at a rate that could not be ignored. A price war is not good for any industry, but investors now seem less and less worried that AT&T will go make a big international acquisition. AT&T is cheap against the broad market at 13 times expected earnings. Trading at $34.65, it has a 52-week range of $31.74 to $39.00, and the consensus price target is now about $35.60.

American Water Works Company Inc. (NYSE: AWK) is the go-to stock for water investors, which is about as defensive as an investor can get. It is the largest public water utility in America, with around 14 million customers located in 40 states. Yet its market cap is only $8 billion. The water utility giant does not sound cheap at more than 18 times expected earnings, but this stock rarely has looked cheap because of its key market position. Trading at $45.00, it has a 52-week range of $38.70 to $45.48, and its consensus price target is $48.85. Investors also get a 2.5% dividend yield here.

Procter & Gamble Co. (NYSE: PG) needs almost no introduction, other than it is the largest consumer products giant by far in the United States. It also has served investors well any time they have bought P&G shares on pullbacks. At $79.75, P&G shares have a 52-week range of $73.61 to $85.82. Even though P&G trades at about 19 times expected earnings, investors get a dividend yield of 3.1%, and the consensus analyst price target is almost $87.00.

Altria Group Inc. (NYSE: MO) is a company that keeps managing to remain influential. It has started to pick up its effort in the e-cigarettes market, and rumors of industry consolidation would make it even more defensive — plus it has a minority stake in SABMiller for beer. Trading at $36.50, Altria has a 52-week range of $33.12 to $38.58. The consensus price target from analysts is now $40.00. Altria also has a high dividend yield of 5.3% and a submarket valuation of 14 times expected earnings. This may change some day, but betting that the tobacco industry will disappear has just not ever worked.

Top Dividend Companies To Watch In Right Now

The reality is that even defensive stocks will get hit if the market takes a very large drop or in a period of sustained selling. That being said, investors still seem to want upside in the stock market, but protection if the market pulls back. Defensive stocks are often the way to go for that strategy.

Sunday, March 23, 2014

Car Inventories Reach Five-Year High, Discounts Likely to Increase

Car inventories have reached a level last posted toward the end of the recession, hitting a five-year high. The average car currently spends more than 60 days on the lot. This trouble for auto manufacturers results in a greater trend toward discounting prices. While customers may benefit, the car companies likely will suffer.

According to Scott Painter, TrueCar founder and CEO:

Extreme weather conditions have caused dealer inventories to rise to their highest levels since 2009. With incentives on the rise, if you’re willing to brave the elements, the next 30-45 days will be an epic time to buy.

There has been evidence over the past several months that manufacturers have begun to offer aggressively priced discounts on vehicles, even popular models such as full-sized pickups. Cash-back deals, discounts and six-year financing have all become an increasingly greater part of the tools used to lure buyers. A month ago, Reuters reported:

General Motors Co is boosting discounts on full-size pickup trucks by thousands of dollars to keep pace with competitors and to whittle down bulging inventories on dealers’ lots. Dealers for rival Ford Motor Co, meanwhile, are also offering hefty discounts.

The Ford Motor Co. (NYSE: F) F-Series pickup was the top-selling vehicle in the United States during the first two months of 2104, with 102,418 units sold, up just 1% from last year. In second place, General Motors Co.’s (NYSE: GM) Chevy sold 65,510 Silverado pickups, but the figure was down 15% from the same period in 2013. Among other highly popular vehicles, sales of the Toyota Motor Corp. (NYSE: TM) Camry fell 17% to 28,998 during the first two months, and sales of Honda Motor Co. Ltd.’s (NYSE: HMC) Accord dropped almost 16% to 23,712. None of these manufacturers can prosper if their flagship products do so poorly.

Why sales have fallen is open to debate. One reason may be unusually poor weather. Another may be flagging consumer confidence brought on by still high unemployment levels and stagnant wages. And finally, and perhaps most worrisome of all, American car owners may have replaced many of their older cars with new ones. As cars last longer and longer, the sales cycle to replace older cars with newer ones may as well. If so, discounts will be around for a very long time.

Saturday, March 22, 2014

3 Stocks Breaking Out on Big Volume

DELAFIELD, Wis. (Stockpickr) -- Professional traders running mutual funds and hedge funds don't just look at a stock's price moves; they also track big changes in volume activity. Often when above-average volume moves into an equity, it precedes a large spike in volatility.

>>5 Stocks Insiders Love Right Now

Major moves in volume can signal unusual activity, such as insider buying or selling -- or buying or selling by "superinvestors."

Unusual volume can also be a major signal that hedge funds and momentum traders are piling into a stock ahead of a catalyst. These types of traders like to get in well before a large spike, so it's always a smart move to monitor unusual volume. That said, remember to combine trend and price action with unusual volume. Put them all together to help you decipher the next big trend for any stock.

>>Hedge Funds Are Selling These 5 Stocks -- Should You?

With that in mind, let's take a look at several stocks rising on unusual volume recently.

TD Ameritrade

TD Ameritrade (AMTD) provides securities brokerage services and technology-based financial services to retail investors, traders and independent registered investment advisors in the U.S. This stock closed up 1.8% to $34.44 in Wednesday's trading session.

Wednesday's Volume: 5.06 million

Three-Month Average Volume: 2.65 million

Volume % Change: 72%

>>5 Stocks Set to Soar on Bullish Earnings

From a technical perspective, AMTD trended modestly higher here right above its 50-day moving average of $32.50 with above-average volume. This stock has been uptrending for the last month and change, with shares moving higher from its low of $29.78 to its recent high of $34.99. During that uptrend, shares of AMTD have been consistently making higher lows and higher highs, which is bullish technical price action. This spike higher on Wednesday is quickly pushing shares of AMTD within range of triggering a major breakout trade. That trade will hit if AMTD manages to take out some near-term overhead resistance levels at $34.99 to its 52-week high at $35.16 with high volume.

Traders should now look for long-biased trades in AMTD as long as it's trending above its 50-day at $32.50 and then once it sustains a move or close above those breakout levels with volume that hits near or above 2.65 million shares. If that breakout gets underway soon, then AMTD will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $40 to $45.

Ritchie Bros. Auctioneers

Ritchie Bros Auctioneers (RBA) sells industrial equipment and other assets for the construction, agricultural, transportation, energy, mining, forestry, material handling, marine and real estate industries through its unreserved auctions and online marketplaces. This stock closed up 1.6% at $23.51 in Wednesday's trading session.

Wednesday's Volume: 1.11 million

Three-Month Average Volume: 516,733

Volume % Change: 125%

>>5 Rocket Stocks Worth Buying This Week

From a technical perspective, RBA trended modestly higher here right above its 50-day moving average of $22.75 with above-average volume. This stock recently formed a double bottom chart pattern at $21.88 to $21.98. Since forming that bottom, shares of RBA have spiked higher back above its 50-day moving average of $22.75 with strong upside volume flows. That spike is quickly pushing shares of RBA within range of triggering a big breakout trade. That trade will hit if RBA manages to take out its 52-week high at $23.89 with high volume.

Traders should now look for long-biased trades in RBA as long as it's trending above its 50-day at $22.75 and then once it sustains a move or close above $23.89 with volume that's near or above 516,733 shares. If that breakout materializes soon, then RBA will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $30 to $33.

Vera Bradley

Vera Bradley (VRA), designs, produces, markets and retails accessories for women. This stock closed up 7.4% to $28.20 in Wednesday's trading session.

Wednesday's Volume: 3.67 million

Three-Month Average Volume: 439,150

Volume % Change: 714%

From a technical perspective, VRA ripped sharply higher here right above its 50-day moving average of $25.33 with monster upside volume. This move briefly pushed shares of VRA into breakout and new 52-week-high territory, after the stock flirted with some near-term overhead resistance at $28.60. Shares of VRA closed just below that level at $28.20 but well off its intraday low of $25.61. Market players should now look for a continuation move higher in the short-term if VRA manages to take out Wednesday's high of $28.77 with strong volume.

Traders should now look for long-biased trades in VRA as long as it's trending above $27 and then once it sustains a move or close above $28.77 with volume that hits near or above 439,150 shares. If we get that move soon, then VRA will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $35 to $50.

To see more stocks rising on unusual volume, check out the Stocks Rising on Unusual Volume portfolio on Stockpickr.

-- Written by Roberto Pedone in Delafield, Wis.


RELATED LINKS:

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>>3 Tech Stocks on Traders' Radars



>>5 Big Health Care Stocks to Trade for Gains



>>5 Hated Earnings Stocks You Should Love

Follow Stockpickr on Twitter and become a fan on Facebook.

At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Delafield, Wis., is an independent trader who focuses on technical analysis for small- and large-cap stocks, options, futures, commodities and currencies. Roberto studied international business at the Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany. His work has appeared on financial outlets including

CNBC.com and Forbes.com. You can follow Pedone on Twitter at www.twitter.com/zerosum24 or @zerosum24.


Friday, March 21, 2014

Income inequality hits retirement confidence

How to save for retirement in 2014   How to save for retirement in 2014 NEW YORK (CNNMoney) Wealthier retirement savers are regaining confidence that they'll be able to afford to retire comfortably, but lower-income workers remain worried their nest eggs will fall short.

Amid an improving economy and booming stock market, 55% of workers surveyed said they were "very" or "somewhat" confident that their savings would be enough -- up from 51% last year, according to an annual survey released Tuesday by the Employee Benefit Research Institute.

Ultimate Guide to Retirement Getting started401(k)s & company plansInvestingAnnuitiesIRAsSelf-employment plansPensions and benefit plansSocial SecurityInsuranceEstate planningLiving in retirementGetting help

The hitch: That improved confidence was reported almost exclusively by higher-income households ($75,000 and up) and by those participating in an Individual Retirement Account or employer's pension or 401(k) plan, EBRI noted.

Among workers without any retirement savings plan, nearly half said they were "not at all confident" they would have a big enough nest egg, compared to just 11% of those with a plan.

Saving through employer-sponsored plans can be a big help. Yet millions of Americans don't have access to workplace retirement benefits -- a problem that plays a major factor in the country's savings crisis, advocates say.

Meanwhile, out of all workers surveyed, many reported little or no retirement savings. More than half said they had less than $10,000 set aside, while 36% said they had less than $1,000 saved. In contrast, only 22% said they had $100,000 or more.

While EBRI surveyed workers of all ages, financial planners typically recommend that workers aim to eventually have at least 11 times their annual salary saved. So a worker retiring with a $65,000 income would need a nest egg of around $715,000.

"People recognize the need to save," but they aren't acting on that knowledge, said Greg Burrows, senior vice president of retirement and investor services at Principal Financial Group, one of the survey sponsors.

Again, income was a major factor. More than two-thirds of those with less than $1,000 saved (68%) had household incomes of $35,000 a year or less.

Calculator: Are you on track for retirement?

Workers reported that basic cost-of-living expenses were the greatest burden holding back their savings, while debt was another major obstacle, according to EBRI.

Other retirement worries included possible cuts to Social Security benefits and spiraling health care bills.

The survey polled 1,000 workers age 25 and older and 501 retirees. To top of page

Thursday, March 20, 2014

10 Best Energy Stocks To Buy Right Now

10 Best Energy Stocks To Buy Right Now: TotalFinaElf S.A.(TOT)

TOTAL S.A., together with its subsidiaries, operates as an integrated oil and gas company worldwide. The company operates through three segments: Upstream, Downstream, and Chemicals. The Upstream segment engages in the exploration, development, and production of oil and natural gas. It also involves in the transportation, trade, and marketing of natural gas and liquefied natural gas (LNG), as well as in LNG re-gasification and natural gas storage operations. In addition, this segment engages in the shipping and trade of liquefied petroleum gas (LPG); power generation from gas-fired power plants, nuclear, or renewable energies; production, trade, and marketing of coal, as well as in solar power systems and technology operations. As of December 31, 2010, it had combined proved reserves of 10,695 Mboe of oil and gas. The Downstream segment involves in refining, marketing, trading, and shipping crude oil and petroleum products. It also produces a range of specialty products, s uch as lubricants, LPG, jet fuel, special fluids, bitumen, marine fuels, and petrochemical feedstock. This segment holds interests in 24 refineries located in Europe, the United States, the French West Indies, Africa, and China, as well as operates a network of 17,490 service stations. The Chemicals segment produces base chemicals, including petrochemicals and fertilizers, as well as engages in rubber processing, resins, adhesives, and electroplating activities. TOTAL S.A. was founded in 1924 and is based in Paris, France.

Advisors' Opinion:
  • [By Jayson Derrick]

    Total (NYSE: TOT) is considering a sale of its TotalGAz liquefied petroleum gas marketing unit for approximately $1.04 billion. Shares lost 0.82 percent, closing at $64.39.

  • [By Aaron Levitt]

    Three more rigs will delivered this year and next. Those rigs in ! operation are contracted out to energy giants Chevron (CVX), Total (TOT) and Petrobras (PBR). And having three of the largest oil majors sending you checks every day has worked in PACD's favor.

  • [By Jim Jubak]

    Shares of energy companies without any near-term way to take advantage of any stoppage were off, with Chesapeake Energy (CHK) down 1.2% and France's Total (TOT) off 2.31%.

  • source from Top Stocks Blog:http://www.topstocksblog.com/10-best-energy-stocks-to-buy-right-now.html

Wednesday, March 19, 2014

10 Best Blue Chip Stocks To Own Right Now

10 Best Blue Chip Stocks To Own Right Now: Apple Inc.(AAPL)

Apple Inc., together with subsidiaries, designs, manufactures, and markets personal computers, mobile communication and media devices, and portable digital music players, as well as sells related software, services, peripherals, networking solutions, and third-party digital content and applications worldwide. The company sells its products worldwide through its online stores, retail stores, direct sales force, third-party wholesalers, resellers, and value-added resellers. In addition, it sells third-party Mac, iPhone, iPad, and iPod compatible products, including application software, printers, storage devices, speakers, headphones, and other accessories and peripherals through its online and retail stores; and digital content and applications through the iTunes Store. The company sells its products to consumer, small and mid-sized business, education, enterprise, government, and creative markets. As of September 25, 2010, it had 317 retail stores, including 233 stores in the United States and 84 stores internationally. The company, formerly known as Apple Computer, Inc., was founded in 1976 and is headquartered in Cupertino, California.

Advisors' Opinion:
  • [By Lee Jackson]

    Apple Inc. (NASDAQ: AAPL) remains a top stock on the radar screen. Excitement over the new iPhone 6 is starting to gain traction as rumors of a larger screen and other new improvements are getting the Apple nation stirred up. Trading at just 12 times forward earnings, the stock remains a solid buy for investors. Shareholders are paid a 2.3% dividend. The UBS price target for the technology giant is $625. The Thomson/First Call consensus price target for Apple is $591.52. The stock closed Tuesday at $53122.

  • [By Rahul Chattaraj]

    The mighty Apple (AAPL) has greatly reaped benefits from its epic innovation –iPhone. S! martphones have been around us in various forms since early 2000. But, right from its introduction in 2007, till the present day Apple has made millions by revolutionizing the smartphone experience, the latest and the greatest contribution being made by the iPhone 5S.

  • [By Andrew Tonner]

    On the surface this seems slightly absurd. How could a market that began less than five years ago with Apple's (NASDAQ: AAPL  ) introduction of the iPad in 2010 be approaching mass-market saturation? Fast forward to today and both Apple and Google (NASDAQ: GOOG  ) have carved out dominant portions of what's now become a truly global market.

  • source from Top Stocks Blog:http://www.topstocksblog.com/10-best-blue-chip-stocks-to-own-right-now.html

Tuesday, March 18, 2014

5 Best Energy Stocks For 2014

5 Best Energy Stocks For 2014: Transocean Ltd (RIGN)

Transocean Ltd. (Transocean) is an international provider of offshore contract drilling services for oil and gas wells. The Company operates in two segments: contract drilling services and drilling management services. Contract drilling services, the Company's primary business, involves contracting its mobile offshore drilling fleet, related equipment and work crews primarily on a dayrate basis to drill oil and gas wells. Its drilling management services segment provides oil and gas drilling management services on either a dayrate basis or a completed-project, fixed-price (or turnkey) basis, as well as drilling engineering and drilling project management services. As of February 14, 2012, it owned or had partial ownership interests in and operated 134 mobile offshore drilling units. On October 4, 2011, the Company acquired Aker Drilling ASA (Aker Drilling). In February 2011, it sold the subsidiary that owns the High-Specification Jackup Trident 20.

During th e year ended December 31, 2011 (during 2011), the Company completed the sale of its 50% ownership interest in ODL to Siem Offshore Inc. In October 2011, the Company completed the sale of Challenger Minerals (North Sea) Limited. As of December 31, 2011, the Company's fleet consisted of 50 High-Specification Floaters (Ultra-Deepwater, Deepwater and Harsh Environment semisubmersibles and drillships), 25 Midwater Floaters, nine High-Specification Jackups, 49 Standard Jackups and one swamp barge. In addition, it had two Ultra-Deepwater Floaters and four High-Specification Jackups under construction.

Drilling Fleet

The Company engaged in both types of drilling activity: floaters, including drillships and semisubmersibles, and jackups. Also included in its fleet is a swamp barge drilling unit. It categorized the drilling units of its fleet as High-Specification Floaters, c! onsisting of its Ultra-Deepwater Floaters, Deepwater Floaters and Harsh Environment Floaters, Midwater Floaters, High-Specification Jackups, St! andard Jackups and a swamp barge. High-Specification Floaters are specialized offshore drilling units that it categorize into three sub-classifications based on their capabilities. Ultra-Deepwater Floaters are equipped with mud pumps and are capable of drilling in water depths of 7,500 feet or greater. Deepwater Floaters are generally those other semisubmersible rigs and drillships capable of drilling in water depths between 7,500 and 4,500 feet. Harsh Environment Floaters are capable of drilling in harsh environments in water depths between 10,000 and 1,500 feet and have displacement, which offers variable load capacity, more useable deck space and motion characteristics. Midwater Floaters are generally consists of those non-high-specification semisubmersibles that have a water depth capacity of less than 4,500 feet.

As of February 14, 2012, the Company's fleet was located in the Far East (27 units), Middle East (16 units), West African countries other than N igeria and Angola (14 units), United States Gulf of Mexico (13 units), United Kingdom North Sea (12 units), India (12 units), Brazil (10 units), Nigeria (10 units), Norway (eight units), Angola (four units), Australia (three units), the Mediterranean (two units), Canada (two units), and Romania (one unit).

Contract Drilling Services

The Company specializes in offshore drilling business with a particular focus on deepwater and harsh environment drilling services. Its contract drilling operations are geographically dispersed in oil and gas exploration and development areas throughout the world.

Drilling Management Services

The Company provides drilling management services primarily on a turnkey basis through Applied Drilling Technology Inc., its wholly owned subsidiary, which primarily operates in the United States Gulf of Mexico, and ! through A! DT International, a division of one of its United Kingdom subsidiaries, which pri marily operates in the North Sea (together, ADTI). As part o! f its tur! nkey drilling services, the Company provides planning, engineering and management services. Under turnkey arrangements, it designs and executes of a well and delivers a logged or cased hole to an agreed depth. In addition to turnkey drilling services, Transocean participates in project management operations that include providing certain planning, management and engineering services, purchasing equipment and providing personnel and other logistical services to customers.

Integrated Services

Transocean provides well and logistics services in addition to its normal drilling services through third party contractors and the Company's employees. These other services include integrated services. As of February 10, 2011, it was performing such services in India.

Advisors' Opinion:
  • [By Corinne Gretler]

    Nestle, which makes up 21 percent of the benchmark Swiss Market Index by weight, slid 2.6 percent after reporting the slowest first-half revenue growth in four years. Adecco SA jumped to a two-year high as the biggest provider of temporary workers posted income that exceeded projections. Transocean Ltd. (RIGN), the largest offshore-rig contractor, added 1.1 percent after posting a second-quarter profit.

  • source from Top Stocks Blog:http://www.topstocksblog.com/5-best-energy-stocks-for-2014.html

Monday, March 17, 2014

5 Rocket Stocks Worth Buying This Week

BALTIMORE (Stockpickr) -- Stocks are pointed definitively higher today, buoyed by the Eurozone's reaction to a vote in Crimea that favors joining Russia, as well as an increase in China's trading band for the yuan.

Looks like Mr. Market got a call from the governor at the 11th hour.

That overseas-driven boost in sentiment for stocks couldn't have come at a better time. U.S. indices are starting to look "toppy" after their nonstop run higher from February's lows, and a correction looks likely as we head into the new week. If this morning's buying pressure holds, it could help to derail a move lower this week. Or more likely, it'll postpone it.

>>5 Stocks Poised for Breakouts

A correction doesn't have to be a bad thing. As we've seen for the last 15 months of rallying, corrections are actually a healthy thing for a bull market. But to weather them, you've got to own stocks that are better positioned than the rest of the market. To do that, we're turning to a fresh set of "Rocket Stocks" today.

For the uninitiated, Rocket Stocks are our list of companies with short-term gain catalysts and longer-term growth potential. To find them, I run a weekly quantitative screen that seeks out stocks with a combination of analyst upgrades and positive earnings surprises to identify rising analyst expectations, a bullish signal for stocks in any market. After all, where analysts' expectations are increasing, institutional cash often follows. In the last 240 weeks, our weekly list of five plays has outperformed the S&P 500 by 82.1%.

>>5 Stock Charts Screaming "Buy" in March

Best Gas Stocks For 2014

Without further ado, here's a look at this week's Rocket Stocks.

Apple

First up on our Rocket Stocks list is Apple (AAPL), a name that needs little introduction. What is unique in Apple right now, though, is the fact that this tech behemoth hasn't made it past the quantitative screening process to make this list since well back into last year -- so that sentiment change makes Apple worth a second look this week.

>>3 Huge Stocks on Traders' Radars

Apple is one of the biggest makers of mobile devices and personal computers, and it's also the world's largest seller of digital music and media through its iTunes store. That scale has a big target painted on Apple's back. Without a new "game changer" product since the iPad's release in 2010, investors are anxious about AAPL's growth prospects. But CEO Tim Cook has publicly said that the firm is tackling new categories, and we'll likely get a glimpse at them in 2014. Because Apple has built a robust ecosystem for its products, expect any new category offerings to benefit from big cross-selling opportunities with Apple's huge installed base.

From a financial standpoint, Apple's $141 billion in cash and investments provides a deep value story that's unprecedented in the mega-cap space. At current share prices, the firm could pay for 30% of its outstanding shares with cash on hand. That shoves AAPL's cash-adjusted P/E ratio to 9.3 -- a utility stock valuation, not the multiple you'd expect from a tech giant in a bull market.

Earnings next month could provide a big upside catalyst.

Johnson & Johnson

Health care giant Johnson & Johnson (JNJ) is your prototypical blue-chip stock. The firm's consumer brands include household names such as Band-Aid, Tylenol, Neutrogena and Acuvue -- but they only add up to around 30% of revenue. The other 70% comes from pharmaceuticals and medical devices, specialized offerings where JNJ's deep patent portfolio and pile of R&D cash provide it with some key advantages.

>>5 Toxic Stocks to Watch Out For

Johnson & Johnson offers investors best-in-breed positioning right now. Unlike other big pharma firms, JNJ has few patent losses on the horizon, and diversification in the firm's other business units means that any losses are mitigated even more. Recent investments in medical devices (such as the acquisition of Synthes) has made Johnson & Johnson's strong market share even stronger -- and it's made the lucrative medical device business the largest unit at JNJ.

The health care machine at JNJ earns huge net profit margins (more than 19% last quarter), and those translate into cash flows. The firm carries more than $10 billion in net cash on its balance sheet, and it pays out a 2.84% dividend yield. While JNJ isn't sporting a deep value price tag, it's not "expensive" either. This is a business worth owning for health care exposure in 2014.

Home Depot

Home improvement retailer Home Depot (HD) is no stranger to our Rocket Stocks list. With a rising tide of real estate prices and prolonged near-zero interest rates, home improvement projects have gotten a shot in the arm in the last few years -- and HD has benefitted all the way up. Since the end of 2011, shares of Home Depot have doubled.

>>5 Stocks With Big Insider Buying

Home Depot is the biggest home improvement retail chain in the world, with more than 2,250 big box stores spread across the U.S., Canada and Mexico. In years past, distractions left HD overexposed to areas where it didn't want to be. So the firm sold its professional supply unit, and closed underperforming Chinese stores to focus on its main consumer retail offerings. There's still plenty of growth left untapped there too; despite its huge footprint, HD only captures a fifth of U.S. home improvement spending, leaving plenty of growth potential domestically.

Mexico is the big unknown in HD's business. But in exchange for those risks, the 60 stores in the Mexican market offers some big growth opportunities that are far lower-hanging fruit than U.S. growth. With rising analyst sentiment in shares of HD this week, we're betting on shares.

Public Storage

2014 is panning out to be a stellar year for shares of self-storage REIT Public Storage (PSA). Since the calendar flipped over to January, shares of PSA have rallied close to 12%, stomping the S&P 500's flat price action over the same period. So should investors expect more of the same for the rest of the year?

>>Invest Like a Hedge Fund With the Pros' 5 Favorite Stocks

Public Storage has a stake in nearly 2,100 storage units in 38 states here in the U.S., as well as 49% ownership interest in Shurgard Europe's self-storage business, and a 41% share of a business park operator with 28.3 million square feet of leasable commercial space. Most investors think of real estate investment trusts, or REITs, as bets on the real estate market, but they're not. Instead, PSA's amalgamation of rental businesses makes it a pure play income generation name. The REIT structure means that the firm is obligated to pay the vast majority of its income to shareholders in the firm of dividends.

As the largest self-storage company, PSA has name recognition benefits that rivals don't. Still, the firm controls just 5% of the self-storage business, a small enough chunk that there's still room for growth. That growth opportunity is especially apparent in major metropolitan areas where more than 70% of the firm's revenue is earned. Currently, PSA pays out a 3.33% dividend yield.

Netflix

Last, but far from least, is Netflix (NFLX). There was a time when Netflix was best known as a DVD rental business, but no more. The firm broke apart its DVD and streaming video operations in 2011, requiring users to pay separately for them. Despite drawing customers' ire when that transition was announced (so much so that it abandoned plans to rename the DVD rental business Qwikster), the decision is paying off in spades these days.

>>4 Stocks Poised for Breakouts

Netflix has executed extremely well on the streaming video business. Original programming such as "House of Cards" and "Orange Is the New Black" has been hugely successful at keeping the firm's 44 million subscribers around, and that scale ensures that the firm can pen the deals it needs to acquire content from studios. The firm's first-to-market status means that it's already built into gaming consoles, TVs and Blu-Ray players, a major component of getting users to pony up for the paid service.

There are a lot of challenges ahead for this stock, the biggest coming from rivals such as Amazon.com (AMZN), battles with internet providers and rising media rights costs. But as long as NFLX keeps its original programming as "must-watch," it'll continue to be the streaming video service of choice for consumers.

NFLX may be an expensive stock, but bullish momentum makes this Rocket Stock worth buying this week.

To see all of this week's Rocket Stocks in action, check out the Rocket Stocks portfolio at Stockpickr.

-- Written by Jonas Elmerraji in Baltimore.


RELATED LINKS:



>>3 Stocks Under $10 to Watch



>>4 Big Stocks Getting Big Attention



>>5 Utility Trades to Charge Your 2014 Gains

Follow Stockpickr on Twitter and become a fan on Facebook.

At the time of publication, author was long AAPL.

Jonas Elmerraji, CMT, is a senior market analyst at Agora Financial in Baltimore and a contributor to

TheStreet. Before that, he managed a portfolio of stocks for an investment advisory returned 15% in 2008. He has been featured in Forbes , Investor's Business Daily, and on CNBC.com. Jonas holds a degree in financial economics from UMBC and the Chartered Market Technician designation.

Follow Jonas on Twitter @JonasElmerraji


Sunday, March 16, 2014

Edmunds: Consider starting a second business

Dear Gladys: I have heard your opinions about the importance of having several streams of income. And considering that I had been caught up in company budget cuts and lost jobs several times, I agree with you. So lesson learned! I have now been in my own business for the past four years and I am very happy with my progress. I would like to start a second business that is unrelated to my home inspection company. A friend has asked me to partner with him on opening a mobile phone store. However, my wife says I need to keep my focus on my home inspection company and continue to give it my undivided attention. I would like to do both. I also do golf coaching for a local school. What do you think? — Vic

Certainly having more than one income can be a good thing. And joint ventures can make it easier to have ownership in unrelated companies. But there are a few things you might want to consider first to help you with your decision.

Meet with your friend and get 100% clear on what his vision is of having a partner.

Examine closely what your partnership would involve. If it requires a financial investment, make certain that you can comfortably afford to make the investment.

Best Railroad Stocks To Watch For 2015

And, more important, your time must be considered. How much time will you need to invest and can you afford it without jeopardizing your other business interest?

In short, both you and your potential partner might want to make an honest assessment of the resources, skills and availability needed to make the new venture successful. After you have come to satisfactory answers consider the following.

• Develop a well thought out plan that includes a marketing and sales strategy. You need to know how and where you will get customers. Selling mobile phones is a very competitive business. So take sales and marketing serious.

• Seek the counsel of a lawyer to h! elp you and your friend develop a written partnership agreement so that you start off on the right foot and lessen problems down the road.

• Seek the advice of an accountant to help you set up your books. Perhaps a business development consultant can help you address marketing issues. And, don't hesitate to call in any other professional that will help you to get things rolling in the right direction.

• Manage your time so that you spend quality time with your family and try to balance work with play. I know that it's easier said than done but it's for your best interest to do all you can to keep your life balanced. Sometimes we get so caught up in our work that we forget to take time out for non-work activities.

A good rule of thumb is, if things are flowing smoothly in your current business, then perhaps adding a business venture with a working partner will work out well.

Whatever you decide to do, keep in mind that each time you invest either your time, and/or money into a business, you owe it to yourself to move cautiously and consider all possibilities before you make a final decision.

Gladys Edmunds, founder of Edmunds Travel Consultants in Pittsburgh, is an author and coach/consultant in business development. Her column appears Wednesdays. E-mail her at gladys@gladysedmunds.com. An archive of her columns is here. Her website is gladysedmunds.com.

Saturday, March 15, 2014

Top 5 Warren Buffett Stocks To Buy For 2014

Top 5 Warren Buffett Stocks To Buy For 2014: Black Hills Corporation (BKH)

Black Hills Corporation, together with its subsidiaries, operates as a diversified energy company in the United States. The company’s Electric Utilities segment generates, transmits, and distributes electricity to approximately 202,000 electric customers in South Dakota, Wyoming, Colorado, and Montana; and distributes natural gas to approximately 35,000 gas utility customers in Cheyenne, Wyoming. It owns 859 Megawatts of generation capacity and 8,530 miles of electric transmission and distribution lines. The company’s Gas Utilities segment distributes natural gas to approximately 532,000 natural gas utility customers in Colorado, Nebraska, Iowa, and Kansas. It owns 624 miles of intrastate gas transmission pipelines and 19,979 miles of gas distribution mains and service lines. The company’s Oil and Gas segment is involved in the acquisition, exploration, development, and production of crude oil and natural gas primarily in the Rocky Mountain region. This s egment’s principal assets include the operating interests in the properties in the San Juan basin, the Powder River basin, and the Piceance basin; and non-operated interests in wells located in the Williston, Wind River, Bear Paw Uplift, Arkoma, Anadarko, and Sacramento basins. As of December 31, 2012, it had total reserves of approximately 81 billion cubic feet equivalent of natural gas and crude oil. The company’s Power Generation segment produces electric power and sells the electric capacity and energy primarily to other utilities under long-term contracts. Its Coal Mining segment produces coal at its coal mine located near Gillette, Wyoming. The company also provides appliance repair services to approximately 62,000 residential customers; and constructs gas infrastructure facilities for gas transportation customers. Black Hills Corporation w! as founded in 1941 and is headquartered in Rapid City, South Dakota.

Advisors' Opinion:
  • [By Marc Bastow]

    Diversified energy company Black Hills (BKH) raised its quarterly dividend 2.6% to 39 cents per share, payable on Mar. 1 to shareholders of record as of Feb. 14. This is the 44th consecutive annual dividend increase, proving why utilities make such consistent dividend stocks.
    BKH Dividend Yield: 2.84%

  • [By Laura Brodbeck]

    Monday

    Earnings Releases Expected: Black Hills Corporation (NYSE: BKH), CME Group Inc. (NASDAQ: CME), Leapfrog Enterprises (NYSE: LF), Hill International, Inc. (NYSE: HIL) Economic Releases Expected: eurozone manufacturing PMI, British construction PMI, US factory orders, Chinese services PMI, Indian services PMI

    Tuesday

  • source from Top Stocks Blog:http://www.topstocksblog.com/top-5-warren-buffett-stocks-to-buy-for-2014.html

Friday, March 14, 2014

Cardiovascular Systems: Heart-Felt Buy

Among our latest small-cap recommendations is a medical device company focused on developing minimally invasive treatment solutions for vascular disease, including peripheral artery disease (PAD) and coronary artery disease (CAD), explains Jim Oberweis, Editor of The Oberweis Report.

Cardiovascular Systems, Inc. (CSII) sells devices (called atherectomy devices) that remove the plaque altogether versus traditional angioplasty devices that push the plaque into the vessel.

The company's original system for the PAD market was launched in 2007 following FDA clearance, with their latest third generation version being launched in 2011.

CSII's device is superior, versus other atherectomy devices, because it can differentiate between hard plaque and soft vessel tissue and can treat multiple vessels in one procedure.

The company most recently received approval from the FDA in October 2013 for their CAD system as a treatment for severely calcified coronary arteries. This represents the first atherectomy product to treat moderate to severe plaque in coronary arteries in over 20 years.

Top 10 Valued Stocks To Own For 2015

CSII plans to leverage their existing sales force, which already targets interventional cardiologists, once the limited launch is complete; we expect sales to ramp more significantly in the second half of 2014.

Because this is an early stage medical device company planning to invest in sales and marketing, and further research and development, ahead of a substantial market opportunity, we do not expect bottom line profitability in the coming quarters.

However, given an estimated $2 billion PAD market opportunity, in which the company expects to gain market share, coupled with an upcoming launch into the $1.5 billion CAD market, we feel the stock represents an attractive opportunity at present.

In the company's latest reported second quarter, sales increased approximately 28% to $32.3 million from $25.3 million in the second quarter of last year. Clients of Oberweis Asset Management own approximately 288,000 shares. These shares may be appropriate for risk-oriented investors.

Subscribe to The Oberweis Report here…

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Thursday, March 13, 2014

Top Biotech Stocks To Own For 2014

Top Biotech Stocks To Own For 2014: Redhill Biopharma Ltd (RDHL)

Redhill Biopharma Ltd. is an Israel-based biopharmaceutical company. The Company is focused on the development and acquisition of therapeutic candidates. The Company's pipeline consists of six late clinical development therapeutic candidates, two of which have completed bioequivalence clinical trials subject to review and approval by the United States Food and Drug Administration and, in some cases, regulatory authorities in other countries. The Company's six clinical stage therapeutic candidates include RHB-101, RHB-102, RHB-103, RHB-104, RHB-105 and RHB-106.

RHB-101

RHB-101 is a treatment of hypertension, heart failure and left ventricular dysfunction (following myocardial infraction) by means of controlled release of an active ingredient known as carvedilol, which is designed to be administered to patients on a once-daily basis. RHB-101 is based on a patented technology for the controlled release of drugs administered orally.

RHB-102

RHB-102 is a once-daily controlled release oral formulation of ondansetron. RHB-102 utilizes a technology called CDT that uses salts to provide a controlled release of ondansetron.

RHB-103

RHB-103 is an oral thin film formulation of rizatriptan intended for the treatment of acute migraine headaches. Migraine is a neurovascular disorder (related to nerves and blood vessels) characterized by recurrent headaches in one side or both sides of the head.

The product is based on a technology called VersaFilm.

RHB-104

RHB-104 is an antibiotic combination therapy for the treatment of Crohn's disease (with a PIII clinical study underway), as well as Multiple Sclerosis (with an ongoing PIIa clinical study) and Rheumatoid Arthritis. RHB-104 is a combination of clarithromycin, clofazimine and rifabutin, three! generic antibiotic ingredients, in a single capsule.

RHB-105

RHB-105, an antibiotics and proton pump inhibitor drug targeting Helico! bacter Pylori infection. RHB-105 is a combination of three approved drug products omeprazole, which is a proton pump inhibitor (the natural body pump that produces the gastric acids used for digesting the food in the stomach), and amoxicillin and rifabutin which are antibiotics. Chronic infection with Helicobacter pylori irritates the mucosal lining of the stomach and small intestine.

RHB-106

RHB-106, is a tablet for the preparation and cleansing of the gastrointestinal tract prior to the performance of abdominal procedures. Its abdominal procedures include diagnostic tests, such as colonoscopy, barium enema or virtual colonoscopy, as well as surgical interventions, such as laparotomy.

The company competes with GlaxoSmithKline, Sanofi-Aventis Groupe, Hoffman-La Roche Ltd, Merck and Co., Inc, Ferring Pharmaceuticals and Salix Pharmaceuticals Inc.

Advisors' Opinion:
  • [By Monica Gerson]

    Breaking news

    Vitran Corporation (NASDAQ: VTNC) announced today that it has entered into a definitive arrangement agreement with TransForce pursuant to which TransForce has agreed to acquire all of the outstanding common shares of Vitran not already owned by TransForce for US$6.50 in cash per share, in accordance with TransForce's prior proposal. To read the full news, click here. ReneSola (NYSE: SOL) today announced it signed a Memorandum of Intent (MOI) to sell three utility-scale projects in Western China, with a total capacity of 60MW, to Jiangsu Akcome Solar Science & Technology Co on December 30, 2013. To read the full news, click here. Cooper Tire & Rubber Company (NYSE: CTB) today announced it has terminated the merger agreement with Apollo Tyres (NSE:ApolloTYRE). To read the full news, click here. RedHill Biopharma (NASDAQ: RDHL) today announced that it has e! ntered in! to a definitive agreement with leading healthcare investor OrbiMed Israel Partners Limited Partnership, an affiliate of OrbiMed Advisors LLC, for the sale of RedHill's American Depository Shares and warrants in a private placement transactionor a total sum of $6.0 million. To read the full news, click here.

    Posted-In: Guggenheim US Stock FuturesNews Eurozone Futures Global Pre-Market Outlook Markets

  • source from Top Stocks Blog:http://www.topstocksblog.com/top-biotech-stocks-to-own-for-2014.html

Wednesday, March 12, 2014

Top Oil Stocks To Buy Right Now

Top Oil Stocks To Buy Rig ht Now: Boardwalk Pipeline Partners LP (BWP)

Boardwalk Pipeline Partners, LP is a limited partnership company. The Company owns and operates three interstate natural gas pipeline systems including integrated storage facilities. Its business is conducted by its primary subsidiary, Boardwalk Pipelines, LP (Boardwalk Pipelines) and its subsidiaries, Gulf Crossing Pipeline Company LLC (Gulf Crossing), Gulf South Pipeline Company, LP (Gulf South) and Texas Gas Transmission, LLC (Texas Gas) (together, the operating subsidiaries), which consist of integrated natural gas pipeline and storage systems. During the year ended December 31, 2011, it formed Boardwalk Midstream, LP (Midstream), and its operating subsidiary, Boardwalk Field Services, LLC (Field Services), which is engaged in the natural gas gathering and processing business. In December 2011, Boardwalk HP Storage Company, LLC (HP Storage), a joint venture between Boardwalk Pipelines and Boardwalk Pipelines Holding Corp. (BPHC) acquired Petal Gas Storage, L.L.C. (Peta l), Hattiesburg Gas Storage Company (Hattiesburg). In December 2011, it acquired a 20% equity interest in HP Storage.

The Company's pipeline systems originate in the Gulf Coast region, Oklahoma and Arkansas and extend north and east to the midwestern states of Tennessee, Kentucky, Illinois, Indiana and Ohio. It serves a mix of customers, including producers, local distribution companies (LDCs), marketers, electric power generators, direct industrial users and interstate and intrastate pipelines. The Company provides a portion of its pipeline transportation and storage services, through firm contracts, under which the Company's customers pay monthly capacity reservation charges. Other charges are based on actual utilization of the capacity under firm contracts and contracts for interruptible services. During 2011, approximately 82% of its revenues were deri! ved from capacity reservation charges under firm contracts; approximately 14% of its revenues were deriv ed from charges-based on actual utilization under firm contr! acts, and approximately 4% of its revenues were derived from interruptible transportation, interruptible storage, parking and lending (PAL) and other services. Its expansion projects include South Texas Eagle Ford Expansionand Marcellus Gathering System and HP Storage.

Pipeline and Storage Systems

The Company's operating subsidiaries own and operate approximately 14,200 miles of pipelines, directly serving customers in twelve states and indirectly serving customers throughout the northeastern and southeastern United States through numerous interconnections with unaffiliated pipelines. In 2011, its pipeline systems transported approximately 2.7 trillion cubic feet of gas. Average daily throughput on its pipeline systems during 2011 was approximately 7.3 billion cubic feet. Its natural gas storage facilities are comprised of eleven underground storage fields located in four states with aggregate working gas capacity of approximately 167.0 billion cu bic feet. the Company operates the assets of HP Storage on behalf of the joint venture.

The principal sources of supply for our pipeline systems are regional supply hubs and market centers located in the Gulf Coast region, including offshore Louisiana, the Perryville, Louisiana area, the Henry Hub in Louisiana and the Carthage, Texas area. Its pipelines in the Carthage, Texas area provide access to natural gas supplies from the Bossier Sands, Barnett Shale, Haynesville Shale and other gas producing regions in eastern Texas and northern Louisiana. The Henry Hub serves as the designated delivery point for natural gas futures contracts traded on the New York Mercantile Exchange. Its pipeline systems also have access to unconventional mid-continent supplies, such as the Woodford Shale in southeastern Oklahoma and the Fayetteville Shale in Arkansas. The Comp! any also ! accesses the Eagle Ford Shale in southern Texas; wellhead supplies in northern and southern Louisiana and Mississippi; and Canadian natural gas through an unaffil! iated pip! eline interconnect at Whitesville, Kentucky.

Gulf Crossing

The Company's Gulf Crossing pipeline system originates near Sherman, Texas, and proceeds to the Perryville, Louisiana area. The market areas are in the Midwest, Northeast, Southeast and Florida through interconnections with Gulf South, Texas Gas and unaffiliated pipelines.

Gulf South

The Company's Gulf South pipeline system is located along the Gulf Coast in the states of Texas, Louisiana, Mississippi, Alabama and Florida. The on-system markets directly served by the Gulf South system are generally located in eastern Texas, Louisiana, southern Mississippi, southern Alabama, and the Florida Panhandle. These markets include LDCs and municipalities located across the system, including New Orleans, Louisiana; Jackson, Mississippi; Mobile, Alabama; and Pensacola, Florida, and other end-users located across the system, including the Baton Rouge to New Orleans industrial corridor and Lake Charles, Louisiana. Gulf South also has indirect access to off-system markets through numerous interconnections with unaffiliated interstate and intrastate pipelines and storage facilities. These pipeline interconnections provide access to markets throughout the northeastern and southeastern United States.

Gulf South has two natural gas storage facilities. The gas storage facility located in Bistineau, Louisiana, has approximately 78 billion cubic feet of working gas storage capacity from which Gulf South offers firm and interruptible storage service, including no-notice service. Gulf South's Jackson, Mississippi, gas storage facility has approximately five billion cubic feet of working gas storage capacity, which is used for operational purposes and is not offered for sale to the market.

Texas Gas

!

The Company's Texas Gas pipeline system originates in Louisiana, East Texas and Arkansas and runs north and east through Louisiana, Arkansas, Mississippi, Tennessee, K! entucky, ! Indiana, and into Ohio, with smaller diameter lines extending into Illinois. Texas Gas directly serves LDCs, municipalities and power generators in its market area, which encompasses eight states in the South and Midwest and includes the Memphis, Tennessee; Louisville, Kentucky; Cincinnati and Dayton, Ohio, and Evansville and Indianapolis, Indiana metropolitan areas. Texas Gas also has indirect market access to the Northeast through interconnections with unaffiliated pipelines. Texas Gas owns nine natural gas storage fields, of which it owns the majority of the working and base gas. Texas Gas uses this gas to meet the operational requirements of its transportation and storage customers and the requirements of its no-notice service customers.

Field Services

In 2011, the Company formed its Field Services subsidiary and transferred to it approximately 100 miles of gathering and transmission pipeline. In 2012, the Company transferred to Field Services a n additional 240 miles of pipeline and two compressor stations. Field Services is developing gathering and processing capabilities in south Texas and Pennsylvania.

Advisors' Opinion:
  • [By Paul Ausick]

    The big news in the master limited partnership (MLP) world last week was the announcement by Boardwalk Pipeline Partners LP (NYSE: BWP) that it was cutting its quarterly distribution by 80%. The company's market value was cut in half, and the price of Boardwalk's common units fell from above $24 to below $13. For the rest of the week, investors have been trying to figure out which midstream company will be next or, alternatively, which companies offer the best chance of prospering.

  • [By Robert Rapier]

    This is, fortunately, an update not on a current portfolio holding but rather one on Boardwa! lk Pipeli! ne Partners (NYSE: BWP), the MLP we recommended selling in November at near $28 and ahead of a continuing decline that cost investors another 13 percent as of Friday.

  • source from Top Stocks Blog:http://www.topstocksblog.com/top-oil-stocks-to-buy-right-now-2.html

Tuesday, March 11, 2014

Best Undervalued Stocks To Own For 2015

Best Undervalued Stocks To Own For 2015: Schlumberger N.V.(SLB)

Schlumberger Limited, together with its subsidiaries, supplies technology, integrated project management, and information solutions to the oil and gas exploration and production industries worldwide. The company?s Oilfield Services segment provides exploration and production services; wireline technology that offers open-hole and cased-hole services; supplies engineering support, directional-drilling, measurement-while-drilling, and logging-while-drilling services; and testing services. This segment also offers well services; supplies well completion services and equipment; artificial lift; data and consulting services; geo services; and information solutions, such as consulting, software, information management system, and IT infrastructure services that support oil and gas industry. Its WesternGeco segment provides reservoir imaging, monitoring, and development services; and operates data processing centers and multiclient seismic library. This segment also offers variou s services include 3D and time-lapse (4D) seismic surveys to multi-component surveys for delineating prospects and reservoir management. The company?s M-I SWACO segment supplies drilling fluid systems to improve drilling performance; fluid systems and specialty tools to optimize wellbore productivity; production technology solutions to maximize production rates; and environmental solutions that manages waste volumes generated in drilling and production operations. Its Smith Oilfield segment designs, manufactures, and markets drill bits and borehole enlargement tools; and supplies drilling tools and services, tubular, completion services, and other related downhole solutions. The company?s Distribution segment markets pipes, valves, and fittings, as well as mill, safety, and other maintenance products. This segment also provides warehouse management, vendor integration, and! inventory management services. Schlumberger Limited was founded in 1927 and is based in Houston, Texas .

Advisors' Opinion:
  • [By Jim Jubak]

    But it just doesn't seem to matter for Schlumberger (SLB). Schlumberger is a member of my Jubak's Picks portfolio.

    On January 17, the oil services and technology company reported fourth quarter earnings of $1.35 a share, beating Wall Street estimates by two cents a share. Earnings grew by 29.8% year over year.

  • [By Editor , DividendChannel.com]

    ENB operates in the Oil & Gas Equipment & Services sector, among companies like Schlumberger (SLB), and Enterprise Products Partners L.P. (EPD).

  • [By Aaron Levitt]

    With a variety of oil stocks reporting full-year 2013 earnings, unconventional assets are the gifts that keep on giving for the oil service trio of Halliburton (HAL), Baker Hughes (BHI) and Schlumberger (SLB).

  • [By Paul Ausick]

    Oilfield services giant Schlumberger Ltd. (NYSE: SLB) saw short interest rise 12.5% to 14 million shares, about 1% of Schlumberger's float. The largest oilfield services company reported fourth-quarter results last week and posted higher EPS and revenues than it did a year ago.

  • source from Top Stocks Blog:http://www.topstocksblog.com/best-undervalued-stocks-to-own-for-2015-2.html

Monday, March 10, 2014

Markets punish Putin over intervention in Ukraine

One opponent Russian President Vladimir Putin didn't count on for his Ukraine power grab was the markets.

Market retaliation for the Russian takeover of the Crimea was swift and unpleasant for the Russians, and may account for Putin's assurances that military force would be a last resort in the Ukraine — which, in turn, powered a 227.85-point gain in the Dow Jones industrial average Tuesday.

Markets largely ignored the Russian invasion of Georgia in 2008, in large part because of the ongoing financial meltdown in the united States. That may have given Putin the mistaken impression that markets would similarly shrug off the incursion into the Crimea."Russia is not immune to the opinion of the business community," says Russ Koesterich, global chief investment officer for BlackRock.

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Russia got slammed repeatedly Monday. True, the Dow Jones industrial average fell 153 points, or 0.9%. But that's nothing compared with the Russian market's tumble of nearly 13% — the equivalent of 2,612 Dow points. The Russian market rebounded 5.3% Tuesday.

Financial markets also clobbered the Russian ruble, which suffered its biggest plunge in 29 months. A weaker currency makes foreign goods more expensive to Russians.

The hurting didn't stop there. To shore up the ruble, Russia's central bank had to hike interest rates by 1.5 percentage points. Higher rates make Russian investments more attractive to investors, thus supporting the ruble, but those same high rates will slow the growth of the Russian economy.

The economic pressure on Russia is especially painful in an environment where the fiscal picture is more strained than it was 10 years ago, Koesterich says. Russia's gross domestic product grew 1.9% in 2013 vs. 3.4% in 2012, according to Russia's Federal Statistics Service. It's the country's worst economic performance since 2009.

More important to Putin than the economy and Russ! ian stock market is the likely threat of business losses to the Russian oligarchs — business titans who control many of the country's key industries. Part of Putin's job is mediating disputes between the oligarchs — and their support is vital to his rule.

Russia does have market weapons of its own — most notably, vast amounts of natural gas and oil that account for nearly 30% of Europe's energy consumption. And that weapon may well account for Europe's muted response to the Ukraine crisis. But Russia depends on its energy revenue, and it's unlikely that Putin would play the energy card quickly. "The crisis won't be a threat to Europe," Koesterich says, "unless they start blowing up gas pipelines."

Russian President Vladimir Putin in February.(Photo: Mikhail Metzel, AP)

Six important tax tips for homeowners

For tax year 2013, the standard deduction is $6,100 for single Americans and $12,200 for those married and filing jointly.

That means unless you can claim more than those amounts, there's no reason to itemize.

One of the most common ways to get over the threshold, however, is to own a house and unlock the many deductions that come with homeownership.

But it's not as simply as simply mailing a mortgage bill to the IRS and reaping the rewards. There are a bunch of very specific deductions that require specific paperwork.

Here are six important tax tips to look for if you're a homeowner:

Mortgage Interest

Claiming mortgage interest is the biggie, and one of the most common deductions among taxpayers.

"It's evolved over the last 10 years, but we now have a cap of $1.1 million in mortgage debt that we can deduct for tax purposes," said Monica Rebella, a certified public accountant in California. This includes first mortgages, as well as mortgages on second homes.

Rebella also points out that the deduction even covers multiple loans, so those with a primary residence in Ohio but winter home in Florida can claim the interest on both, so long as the total is under the $1.1 million cap.

Just be careful, she warns, of claiming a mortgage interest deduction on home equity loans that haven't been used to improve the property.

"If you refinanced your loan and decided, 'Hey, why don't we take another $50,000 out in equity,' but then you don't use that money to, say, build a pool, that's not fully deductible," Rebella said. "You have to use the money to improve the house, or you are not allowed a deduction for that."

Mortgage Insurance and Taxes Count, Too

In addition to mortgage interest, private mortgage insurance is also deductible.

Don't mistake private mortgage insurance, or PMI, for homeowner's insurance that protects against a fire or other loss. PMI comes into play with lower-income homeowners who often can't afford a big down ! payment, and instead pay a small monthly fee as insurance against default . The idea is to protect the lender against being stuck with a big loan with zero equity in the home, as well as to allow those without huge nest eggs to buy a property with minimal down payments.

If you make a private mortgage insurance payment, in most cases this is deductible.

Also worth noting is that local and state property taxes can also be itemized on federal tax returns. Particularly for lower-income Americans, there may be special property tax benefits available based on your community.

Going Green

Unless Congress extends existing tax credits for residential energy efficiency, 2013 is your last chance to claim up to $500 in green energy credits.

"Insulation, energy efficient windows and doors, high efficiency air conditioner and heaters — we still have credits for those," Rebella said.

Still, the cap is small at just $500, and it's not applicable if you claimed it previously since the credit was passed in 2011.

A separate and more substantial credit is available for solar energy installations, so long as they are on your primary residence and not a rental property.

"The credit is for 30% of the cost, including installation, including wiring, including everything," Rebella said.

Cancellation of Debt

Cancellation of mortgage debt is a very important part of filing your tax return and shouldn't be overlooked. That's because if you fail to report the debt forgiveness, it could result in a big change to your overall tax liability and hefty penalties from the IRS.

Rebella said that while foreclosures are not as common as they were a few years ago, debt forgiveness is still very common.

"Interestingly, I'm seeing these 1099-Cs, which is the form for cancellation of debt, on people that can no longer make their second [mortgage] on their home," she said.

In other words, some Americans who saw home prices rebound took out a home equity loan but are no! w having ! trouble making payments. Even if it's not the same as a foreclosure or a short-sale, if that second mortgage is written down by a lender then the borrower has to report that when filing their taxes.

Selling Your Home Unlocks Tax Breaks

Of course, for homeowners who have taken advantage of a resurgent housing market by selling their homes altogether, there are also tax implications.

If you sold a home in the past year, costs including title insurance, advertising and real estate broker fees can also be claimed on your return.

You can also claim certain repairs to reduce your capital gains on the sale, presuming they were made within 90 days of the sale and clearly for the intent of marketing the property.

And after the sale? If you had to find a new home because of a new job that is located more than 50 miles away from your old home, you may be able to deduct your reasonable moving expenses, too.

Casualty Losses

Especially given the very harsh winter weather we've seen recently, it's important to note that when disaster strikes you are able to claim a tax break for any significant losses.

"You have to have a loss more than 10% of your income," Rebella said. "So if you make $50,000, you have to pay $5,000 out-of-pocket before you get any deduction."

And for the record, that's an out-of-pocket loss. You won't get a deduction for losses that were covered by your insurer and that you were compensated for.

But Rebella notes that "some people don't update their insurance, or sometimes there's specific things [insurers] exclude so you can still have a casualty loss even with coverage."

Just make sure that before you claim a $3,000 flat screen was stolen by a burglar or that you had a fully finished basement damaged in a flood that you can prove the value.

"The biggest thing is documentation, documentation, documentation," Rebella said.

In this age of smartphones, it only takes a minute to snap a picture of valuable property — somet! hing good! to have for both insurance claims as well as taxes, she said.

Jeff Reeves is the editor of InvestorPlace.com and the author of The Frugal Investor's Guide to Finding Great Stocks.

Wednesday, March 5, 2014

Bargain Buys in Commodities

We believe the recent sell-off represents a once-in-a-lifetime opportunity to purchase inflation protection at ultra low, bargain prices, suggests Richard Stavros, editor of Inflation Survival Letter.

This is mainly because the market has significantly overreacted, with uncanny similarity to last May, when a sell-off was triggered after Fed Chairman Ben Bernanke made his initial comments about plans to taper the stimulus program.

GreenHaven Continuous Commodity Index (GCC) is an exchange-traded fund that aims to track the Equal Weight Continuous Commodity Total Return Index (CCI-TR), which provides exposure to diversified commodities. The index is up 4.75% year-to-date, and up 24.63% over the last five years.

The CCI-TR is an equal weighted index of 17 commodities plus an additional Treasury bill yield. CCI-TR is one of the only commodity indexes to provide meaningful exposure to all four major commodity subgroups: Energy, Metals, Agriculture, and Softs.

Similarly, GreenHaven is exposed to 17 commodities including: corn, wheat, soybeans, soy oil, live cattle, lean hogs, coffee, cocoa, sugar, cotton, platinum, gold, silver, copper, natural gas, crude oil, and heating oil.

Due to its equal weightings, the ETF offers significant exposure to grains, livestock, and soft commodities, and a lower energy weighting than many of its peers. Currently, the ETF has 24% of its allocation in soft commodities, 24% in metals, 34% in agriculture, and 18% is in energy.

GreenHaven is rebalanced every day to maintain each commodity's weight as close to 5.88% (equal weighting of all 17 commodities) of the total as possible. However, allocations for commodities may suffer dramatic change over time. For example, the ETF recently closed out its position in orange juice for other soft commodities.

Commodities tend to serve as an inflation hedge over the long-term. As inflation rises, the value of paper/fiat currency loses value and demand for commodities (tangible goods) often increases.

Also, during an inflationary environment, the costs to produce commodities such as energy, food, softs, and metals often increases, forcing commodity prices higher to keep pace with the inflation rate.

Subscribe to Inflation Survival Letter here…

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