The Federal Reserve Board is expected to announceWednesday that it will raise interest rates for the second time in three months.
During the Feds Dec. 14 meeting, the Federal Open Market Committee voted for a 0.25-percentage-point increase, raising the federal funds interest rate to 0.75%. It was the first increase since a 0.25-percentage-pointhike in December 2015, which Federal Reserve Board Chair Janet Yellen positioned then as a vote of confidence in the U.S. economy. That hike was the first increase in almost 10 years.
All the big banks have funds at the Federal Reserve, and the Feds pronouncements on rates set how much interest those banks can charge one another to borrow money to meet reserve requirements. Its the banking worlds equivalent of an emergency fund. (This is why Wall Street watchers sit vigil in anticipation of the boards every utterance.) That, in turn, dictates terms for savers and borrowers seeking the best ones on deposits and loans.
Top 10 Bank Stocks To Watch Right Now: Ashford Hospitality Trust Inc(AHT)
- [By Lisa Levin] Related AHT 25 Biggest Mid-Day Gainers For Friday Mid-Day Market Update: Hortonworks Drops Following Weak Results; Freshpet Shares Spike Higher Ashford Hospitality Trust's (AHT) CEO Montgomery Bennet on Q2 2016 Results – Earnings Call Transcript (Seeking Alpha)
Related NEWS Mid-Morning Market Update: Markets Open Higher; Micron To Lower Jobs Mid-Morning Market Update: Markets Open Lower; Broadcom Profit Beats Expectations NewStar Financial's (NEWS) CEO Tim Conway on Q2 2016 Results – Earnings Call Transcript (Seeking Alpha)
Top 10 Bank Stocks To Watch Right Now: Grow Solutions Holdings, Inc. (GRSO)
- [By Javier Hasse]
Grow Solutions Holdings Inc (OTC: GRSO) acquired Keys Organic and Hydroponic Supply.
"What we are starting to see here is aggregation in the highly-fragmented hydroponic and grow supply industry. Most of these stores, including Keys Organic and Hydroponic Supply, are typically local or regional — This results in a very fragmented market."
"We saw this [aggregation] happen with grocery stores, the finance industry, auto dealerships — Bigger names come in. So, instead of Bob's Ford Motor Company (NYSE: F) Dealership or Fred'sGeneral Motors Company (NYSE: GM) outlet, you'll get companies likeAutoNation, Inc. (NYSE: AN) come in, put them under a single brand, consolidate HR and other expenses to develop economies of scale and really help additional bottom line."
“Another way to look at it is, there's coffee shops all around the world, but there's also Starbucks Corporation (NASDAQ: SBUX), which started locally […] and developed really organically. But, they could just buy the local coffee shop, redesign it to the Starbucks brand, put their name on it… Now they have the distribution network, the backing of Starbucks, Starbucks will take care of their HR, their payroll — It's a more synergistic approach and a really value-add if they can consolidate any level of scale.”
Elev8 Brands Inc (OTC: VATE) acquired O2 Breathe, LLC, a company supplying portable oxygen bars and aromatherapy inhalers.
Top 10 Bank Stocks To Watch Right Now: BIG YELLOW GROUP PLC (BYLOF)
- [By SEEKINGALPHA.COM]
The Big Yellow Group (OTC:BYLOF) recognized this opportunity back in 1998 when it was founded and has ever since been working towards bringing new supply of self-storage properties to the UK market. The strategy resulted in the following performance:
Top 10 Bank Stocks To Watch Right Now: Arcadia Biosciences, Inc.(RKDA)
- [By Peter Graham]
The Q3 2016 earnings report formid cap pet stock agricultural biotechnology Arcadia Biosciences (NASDAQ: RKDA) is scheduled for after the market closes onThursday (November 10th). Last Thursday, our Under the Radar Movers newsletter suggestedthe stockas a short/bearish trade, saying:
- [By Jim Robertson]
Yesterday, our Under the Radar Movers newsletter suggested small cap agricultural biotechnology Arcadia Biosciences (NASDAQ: RKDA) as a short/bearish trade:
Top 10 Bank Stocks To Watch Right Now: GlobalSCAPE, Inc.(GSB)
- [By Jim Robertson]
On Wednesday, our Under the Radar Moversnewsletter suggested going long on small cap sofware stockGlobalSCAPE, Inc (NYSEMKT: GSB):
As for Globalscape, this one’s a little more straightforward, and obvious. GSB shares pushed up and off of their 200-day moving average line last week, and are making higher highs this week. What you can’t see on the chart is how this has been a pretty reliable pattern for Globalscape for years now. The upper edge of the rising trading range is nearing $6.00, though it would take some time to get there.
Top 10 Bank Stocks To Watch Right Now: (SHF)
- [By Money Morning Staff Reports]
In March 2012, Schiff Nutrition International Inc. (NYSE: SHF) acquired the company for $150 million in cash.
The product is still on the market today, found at most local drug stores. It is advertised now, however, as a nutritional supplement that does not, if taken alone, ward off viruses.
Top 10 Bank Stocks To Watch Right Now: The Hackett Group Inc.(HCKT)
- [By Lisa Levin]
In trading on Wednesday, industrial shares were relative laggards, down on the day by about 0.20 percent. Meanwhile, top losers in the sector included The Hackett Group, Inc. (NASDAQ: HCKT), down 22 percent, and PC Tel Inc (NASDAQ: PCTI), down 18 percent.
Top 10 Bank Stocks To Watch Right Now: Anavex Life Sciences Corp.(AVXL)
- [By SEEKINGALPHA.COM]
Anavex Life Sciences (OTCQX:AVXL) is down ~40% since Amit Ghate said it would trade substantially lower in an interview with the PRO Weekly Digest in June (see his update comment).
- [By WWW.MONEYSHOW.COM]
The lead drug from Anavex Life Sciences (AVXL) — called Anavex 2-73 — has just reported very promising phase 2a results in Alzheimer’s patients at the annual CTAD conference.
Top 10 Bank Stocks To Watch Right Now: Clear Channel Outdoor Holdings, Inc.(CCO)
- [By Sara Cornell]
The agreement between the two companies allows Azincourt to option up to 70% of the East Preston property located in the Athabasca Basin. Home to Cameco’s (TSX:CCO) McArthur River uranium mine, the Athabasca Basin is considered one of the richest sources of uranium in the world, with many uranium deposits hosting grades substantially higher than the world average grade. The area has been a hotbed for energy metal investors over the past few years, due to significant high grade uranium discoveries by large cap mining companies.
Top 10 Bank Stocks To Watch Right Now: Umicore S.A. (UMICF)
- [By SEEKINGALPHA.COM]
The other major cobalt miners (note their focus is mostly on copper and nickel or other commodities) include Eurasian Resources Group (private), Umicore SA (OTCPK:UMICF), Lundin Mining (TSX:LUN) (OTCPK:LUNMF), MMC Norilsk Nickel (OTCPK:NILSY) (LSX:MNOD), Vale S.A. (NYSE:VALE), BHP (NYSE:BHP), Jinchuan Group International Resources Co Ltd (HK:2362).