Category Archives: Warren Buffett Stocks

[ April 29, 2016 | Author: admin | Views: 78387 | Weather: | Mood: normal]

Barclays analyst Thomas Driscoll and team see more dividend cuts and equity raises coming for oil & gas stocks like Apache (APA), Devon Energy (DVN),Encana (ECA), Anadarko Petroleum (APC), and Marathon Oil (MRO). They explain why: Bloomberg News Leverage concerns will lead E&P companies to take strong steps to strengthen balance sheets. As oil price weakness has lingered, management teams have become more willing to take stronger steps to address leverage. We view 4x debt to pre-interest cash flow as a warning sign that companies may be overlevered. At a $30-40/bbl WTI oil price, debt to estimated pre-interest cash is over 4x for 16-19 of the companies we cover. At $50 oil, roughly half of our coverage universe remains overlevered using our 4x coverage test… We have seen several dividend cuts in the recent past, including Anadarko Petroleum cutting its dividend by 81%…and we expect more companies to follow suit. … Continue reading

[ April 28, 2016 | Author: admin | Views: 51149 | Weather: | Mood: normal]

Ive finished filing my taxes, and Id love to clean out my files. What tax records can I toss and what do I need to keep? See Also: Smart Steps to Get Ahead of Your 2016 Tax Return The IRS generally has three years after the tax-filing deadline to initiate an audit, so you should keep your returns and supporting documents at least for tax years 2013 through 2015. But most tax experts recommend keeping them even longer. States may look back more than three years; Wisconsin, for example, has up to four years after the tax-filing deadline to initiate an audit. Trish Evenstad, an enrolled agent in Westby, Wis., who is authorized to represent taxpayers in front of the IRS, generally recommends keeping the supporting documents for at least five years, or longer if you own a business. The IRS has up to six years to audit anyone who … Continue reading

[ April 28, 2016 | Author: admin | Views: 43119 | Weather: | Mood: normal]

Related GDX Gold Sheds $30 In Two Days U.S. Equity Futures Follow Asia, Europe's Lead Higher Health Fund Makes Bullish Move; Gold Sparkles But Silver Outshines (Investor’s Business Daily) Related GLD Asian Markets, Led By Japan's Nikkei Index, Surge Higher As Europe Follows Suit Gold Sheds $30 In Two Days Negative Rates May Be Positive For Gold (Seeking Alpha) Gold for June delivery rose 1.73 percent to $1,256.40 an ounce on failed Doha deal that would have cut the output at January levels. Investors are flocking to the gold due to its safe-haven status. Top 5 Trucking Companies To Watch For 2016: Leucadia National Corporation(LUK) Leucadia National Corporation, through its subsidiaries, engages in manufacturing, land based contract oil and gas drilling, gaming entertainment, real estate, medical product development, and winery operations in the United States and internationally. Its manufacturing operations include remanufacturing, manufacturing, and/or distribution dimension lumber, home center boards … Continue reading

[ April 28, 2016 | Author: admin | Views: 5328 | Weather: | Mood: normal]

Shutterstock It appears that size matters, at least when millennials are selecting a bank. Young Americans (between 18 and 34) are increasingly ditching big banks and taking their business to smaller, local banks and credit unions, according to a recent banking survey from Accenture. While large national and regional banks lost 16 percent of millennial banking customers last year, community banks saw a 5 percent increase in young account holders and credit unions experienced a 3 percent bump. Most of the time, a millennial’s decision to dump a big bank comes down to money, more specifically banking fees. Larger financial institutions typically charge customers more for overdrafts, ATM withdrawals, account maintenance and other services than their smaller counterparts, who often offer free checking and no monthly fees. Millennials also noted that big banks tend to have weaker loyalty reward programs. According to the survey results, “millennials choose their banks for … Continue reading

[ April 28, 2016 | Author: admin | Views: 97326 | Weather: | Mood: normal]

Gilead Sciences (GILD) posted better-than-expected fourth-quarter financial results as sales of its hepatitis C drugs exceeded forecasts. Still, the biotech giant gave back after-hour gains as full-year sales forecasts failed to impress. Gilead also boosted its dividend and almost doubled its share repurchase plan. At a recent $83, the shares were up 0.4% after earlier climbing more than 2% in after-hour market action. As of todays closing bell, the stock fell 1.6% in todays regular market action to end at $82.71. Per share profit beat the Streets expectations by 35 cents. Gilead earned $3.32 a share as revenue grew `6% to $8.41 billion during the quarter that ended in December. Analysts surveyed by S&P Capital IQ expected Gilead to earn $2.98 a share on revenue of $8.16 billion. Sales of hepatitis C drugs Sovaldi and Harvoni totaled $4.9 billion compared to the $4.54 billion expected by the Street. Gileadincreased its … Continue reading