Two and a half hours into the trading day, Citigroup (NYSE: C ) is already up 1.86%, after gaining 2.4% yesterday, and after being down 0.42% in overnight trading. The markets have all just switched into the green, and all of Citi's peers are up as well.
Investors can primarily thank happy markets, but also one or two rabbits Citi itself has pulled out of its hat.
The beat goes on
The Dow Jones Industrial Average hit an intraday-trading high yesterday. And the S&P 500 closed at 1650.34 after rising 1%: a record high for the broad-based market index.
The big banks didn't slack either, with Bank of America finishing 2.7% higher, JPMorgan Chase finishing 1.3% higher, and Goldman Sachs popping a big 3.3%. �
The markets are pumping and so are the big banks, each taking the other higher. And it looks like we're going to be seeing more of the same today. But Citi might have a little something extra going for it.
Life, liberty, and the pursuit of monies owed
Bloomberg is reporting that Citi and the defunct Lehman Brothers have settled a $1.2 billion dispute regarding monies owed on foreign-exchange trades. According to Bloomberg, "larger sums remain in dispute," but a $1.2 billion priority claim is nothing to sneeze at.
Top 5 Up And Coming Stocks To Invest In 2015: Rex Trueform Clothing Company Ltd (RTO)
Rex Trueform Clothing Company Limited is a South Africa-based company engaged in the manufacturing and marketing of clothing. The Company operates under two segments: Retail segment, the Company, through its ownership of Queenspark Limited, which operates a nationwide chain of Queenspark and J CREW stores, has a interest in the retailing of men�� and women�� clothing and related accessories. Through Property segment, Rex Trueform and its subsidiary have a direct investment in a portfolio of properties located in and around Cape Town. These properties are held either for the purpose of operations or for investment purposes. As of June 30, 2012, the Company operated 55 stores. In September 2012, the Company launched its newest brand Cath.Nic, a new fashion label exclusive to Queenspark. During the fiscal year ended June 30, 2012, the Company opened three new stores. Advisors' Opinion:- [By Sofia Horta e Costa]
Rentokil Initial Plc (RTO) rose the most in almost eight weeks after a report that private-equity investor Clayton Dubilier & Rice LLC is considering combining the company�� office-maintenance unit with that of Balfour Beatty Plc. Cobham Plc dropped 4.6 percent as a shareholder sold a 3.6 percent stake in the maker of defense and aerospace equipment.
- [By Corinne Gretler]
Rentokil Initial Plc (RTO) climbed 3.1 percent to 106 pence as Bank of America Corp. upgraded the U.K. pest-control and hygiene-services company to buy from neutral. The brokerage predicted that cash flow will improve in 2014 and 2015.
Top Rising Stocks To Own Right Now: McGraw Hill Financial Inc (MHFI)
McGraw Hill Financial, Inc. incorporated on December 29, 1925, is a financial intelligence company. The Company is engaged in credit ratings, benchmarks and analytics for the global capital and commodity markets. The Company�� brands include Standard & Poor's Ratings Services, S&P Capital IQ, S&P Dow Jones Indices, Platts, CRISIL, J.D. Power & Associates, McGraw Hill Construction and Aviation Week. The Company�� credit ratings, indices, price assessments and other capabilities provide clients with the intelligence to manage risk. Standard & Poor�� Ratings Services helps investors and markets participants measure and manage credit risk through credit ratings, research and analytics. S&P Capital IQ is a provider of real-time data, research and analytics to institutional investors, investment and commercial banks, investment advisors and wealth managers, corporations and universities globally. On March 22, 2013, the Company sold McGraw-Hill Education. Effective July 18, 2013, McGraw Hill Financial Inc acquired a remaining undisclosed interest which it did not already own in Tata McGraw-Hill Education Pvt Ltd from Tata charitable trust. In August 2013, McGraw Hill Financial Inc completed the sale of Aviation Week to Penton.
The Company provides a range of capabilities designed to help track performance, generate alpha, identify new trading and investment ideas, and perform risk analysis and mitigation strategies. The Company�� S&P Dow Jones Indices is the provider of financial market indices. Its Platts is a provider of information and a source of benchmark price assessments for the energy, petrochemicals, metals and agriculture markets. J.D. Power & Associates is a global marketing information services company operating in business sectors, including customer satisfaction research, market research, social media research, and performance improvement programs. McGraw Hill Construction connects people, projects, and products across the design and construction industry. AVIATION WEEK is! the multimedia information and services provider to the global aviation, aerospace and defense industries.
Advisors' Opinion:- [By Associated Press]
Crude oil supplies grew by 300,000 barrels, or 0.1 percent, in the week ended April 5, according to the Energy Information Administration, the Energy Department's statistical arm. At 388.9 million barrels, the U.S. oil supply is the highest since July 1990. Analysts had expected a bigger increase of 1.4 million barrels, according to Platts, the energy information arm of McGraw-Hill (NYSE: MHFI ) .
- [By John Waggoner]
The problem with the Aristocrats is that their yields, too, are often low. The three largest holdings in the index, McGraw-Hill Financial (ticker: MHFI), Emerson Electric (EMR), and Dover (DOV), yield 1.56%, 2.5% and 1.62%, respectively. If you're only in it for the income, you could do better with a five-year bank CD.
Top Rising Stocks To Own Right Now: Ingles Markets Incorporated(IMKTA)
Ingles Markets, Incorporated operates a supermarket chain in the southeast United States. Its supermarkets offer food products, including grocery, meat and dairy products, produce, frozen foods, and other perishables; and non-food products, such as fuel, pharmacy products, health and beauty care products, and general merchandise, as well as provides private label items. The company?s stores also offer products and services, such as home meal replacement items, delicatessens, bakeries, floral departments, video rental departments, and greeting cards, as well as a selection of organic, beverage, and health-related items. In addition, it engages in the fluid dairy processing and shopping center rental businesses. The company operates 203 supermarkets, including 74 in Georgia, 69 in North Carolina, 36 in South Carolina, 21 in Tennessee, 2 in Virginia, and 1 in Alabama. As of September 24, 2011, it operated 74 in-store pharmacies and 70 fuel centers; owned and operated 70 shop ping centers of which 58 contain an Ingles supermarket; and owned 94 additional properties that contain a free-standing Ingles store; and owned 13 undeveloped sites. The company was founded in 1963 and is headquartered in Black Mountain, North Carolina.
Advisors' Opinion:- [By Dan Caplinger]
Ingles Markets (NASDAQ: IMKTA ) will release its quarterly report on Monday, and investors have been pleased to see shares of the regional grocery-store chain rise to levels not seen since before the financial crisis. Yet from its vantage in the Southeastern U.S., Ingles Markets has to be concerned about the impact that Kroger's (NYSE: KR ) proposed buyout of Harris Teeter (NYSE: HTSI ) might have on the competitive landscape in the region, with a potential threat to Ingles' future prospects looming over the company's stock.
- [By Russ Krull]
Ingles Markets (NASDAQ: IMKTA ) rang up $700 million from 10-year, 5.75% high-yield notes. The money will fund a tender offer for all $575 million of its 2017 8.75% notes. At the tender offer price, retiring all the existing debt will cost about $600 million, and the deal will save Ingles about $10 million per year in debt service. Any money left after paying for the tender offer goes "to repay certain other debt, to fund capital expenditures and for general corporate purposes."
- [By Geoff Gannon]
To understand a grocer ��any grocer ��it helps to have an understanding of the industry. Of all the real life ways different species of grocers differ. It helps to be able to look at Arden and Village and Ingles (IMKTA). It helps to see three different approaches. And see which elements of each work and which don��.
Top Rising Stocks To Own Right Now: Trans Global Group Inc (TGGI)
Trans Global Group Inc. are engaged in direct dial international long-distance service from the United States for commercial customers through two switches owned and operated in Kansas and Las Vegas. Advisors' Opinion:- [By Peter Graham]
Small cap green stocks Hybrid Coating Technologies, Inc (OTCBB: HCTI), Pan Global Corp (OTCMKTS: PGLO) and Trans Global Group Inc (OTCMKTS: TGGI) have been getting some attention lately in various investment newsletters or alerts with two of these stocks also being the subject of some paid promotions. But will these small cap green stocks actually deliver some green in the form of greenbacks for investors? Let�� take off the green eyeshades and take a closer look:
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