DoJ Settlement ended well.
Well, that was all pretty civilized in the end. After Deutsche Bank’s (NYSE:DB) stock price was all but destroyed by an initial DOJ demand of $14bn in September, the bank has completed a final settlement in principle with the DOJ in respect of its underwriting of RMBSs in the two years up to 2007.
DB will pay $3.1m or 3bn as a financial penalty and over the course of the next five years will provide “consumer support” to its U.S. customers in the form of loan adjustments and the like that will amount to a further 3.9bn.
DB guides that it will record pre-tax charges of about 1.1bn in its 4Q’16 numbers, which was broadly expected by the market. My own sense is that estimates of forward litigation related provisions beyond 2016 will fall on this news.
As well as the lighter than expected immediate penalty (my own guess was 5-6bn), DB’s CET1 capital adequacy will improve slightly as well and should approach if not exceed 12% by YE 2016. Investors await the outcome of Basle IV, but this is no longer seen as a critical issue and will probably be pretty benign for DB.
Top 5 Safest Stocks To Watch For 2018: Tsakos Energy Navigation Ltd(TNP)
- [By John Stevens]
Tsakos Energy Navigation Limited (TNP) is a Greek tanker company founded in 1993 that provides international seaborne crude oil and petroleum product transportation services worldwide. It offers marine transportation services to national, major, and other independent oil companies and refiners under long, medium, and short-term charters.
As of April 5, 2016, it operated a fleet of 50 vessels, including 47 crude oil and petroleum product tankers, 1 liquefied natural gas carrier, and 2 shuttle suezmax tankers. Tsakos Energy Navigation Limited (TNP) has a strategic partnership with Statoil for the crude oil tanker new buildings. The company was formerly known as MIF Limited but in July 2001 its name was changed to Tsakos Energy Navigation Limited.
Top 5 Safest Stocks To Watch For 2018: Randgold Resources Limited(GOLD)
- [By WWW.THESTREET.COM]
Seabridge Gold (SA) : “I like profitable gold companies like Randgold Resources (GOLD) and Kirkland Lake (KL) .”
Impinj (PI) : “That’s a crowded market, you need to be careful.”
- [By WWW.THESTREET.COM]
Gold mining stocks were also lower, with Randgold Resources (GOLD) falling around 1.5% and Fresnillo Plc (FNLPF) slipping 0.85%. Randgold’s 10.66% advance over the past three months, however, has nearly doubled that of spot gold prices while Fresnillo’s 15.82% rise is nearly three times higher than the bullion’s gain over the same period.
- [By Alex McGuire]
This list ranks gold dividend stocks in the mining sector by dividend yield. And it also includes one of our top gold stock recommendations of 2017…
Gold Dividend Stock Share Price Year-to-Date Performance Dividend Yield (as of June 30)
DRDGOLD Ltd. (NYSE ADR: DRD) $3.19 -39.7% 10.24%
Sibanye Gold Ltd. (NYSE ADR: SBGL) $4.70 -33.4% 5.98%
Harmony Gold Mining Co. (NYSE ADR: HMY) $1.62 -26.7% 4.56%
Gold Fields Limited (NYSE ADR: GFI) $3.41 +13.3% 2.73%
Randgold Resources Ltd. (Nasdaq ADR: GOLD) $87.68 +14.9% 1.89%
Franco Nevada Corp. (NYSE: FNV) $72.39 +21.1% 1.27%
Royal Gold Inc. (Nasdaq: RGLD) $76.85 +21.3% 1.25%
Eldorado Gold Corp. (NYSE: EGO) $2.58 -19.9% 1.16%
Barrick Gold Corp. (NYSE: ABX) $15.90 -0.5% 0.75%
Goldcorp Inc. (NYSE: GG) $13.02 -4.4% 0.62%
Six of the 10 gold stocks listed above have posted negative returns so far in 2017. The main reason behind their losses has to do with gold price volatility.
- [By Alex McGuire]
This list shows the top-performing gold stocks this month, which we’ll be watching in September 2017. While these stocks posted gains in August, we still aren’t recommending them. Instead, we’re going to show you Money Morning Resource Specialist Peter Krauth’s pick for the best gold stock to buy this year…
Top Gold Stock Share Price August 2017 Gain
Sibanye Gold Ltd. (NYSE ADR: SBGL) $6.35 +22.9%
Iamgold Corp. (NYSE: IAG) $6.49 +20%
Alamos Gold Inc. (NYSE: AGI) $8.17 +15.1%
Franco Nevada Corp. (NYSE: FNV) $81.20 +11.6%
Hudbay Minerals Inc. (NYSE: HBM) $8.70 +11.5%
Gold Fields Ltd. (NYSE ADR: GFI) $4.42 +10.9%
Randgold Resources Ltd. (Nasdaq ADR: GOLD) $101.90 +9.6%
Harmony Gold Mining Co. (NYSE ADR: HMY) $1.97 +8.8%
Agnico Eagle Mines Ltd. (NYSE: AEM) $50.60 +8.4%
Yamana Gold Inc. (NYSE: AUY) $2.81 +7.9%
Life-Changing Profits: This investing strategy has racked up 30 triple-digit wins so far this year – and 46 in the last 12 months. To learn how to get in position for the next one, click here now…
- [By SEEKINGALPHA.COM]
Thus we are still extremely cautious in gold as we are a bit worried about next week’s job report being positive and knocking gold down, but we maintain our core positions in gold. But we aren’t looking to re-establish any of our sold gold and silver positions just yet until we see more of a pullback in the metals or a bad jobs report and thus we think investors should hold off or lighten up on gold positions in the ETF’s and miners such as the SPDR Gold Trust ETF (NYSEARCA:GLD), ETFS Physical Swiss Gold Trust ETF (NYSEARCA:SGOL), iShares Silver Trust (NYSEARCA:SLV), and miners such as Randgold (GOLD) and Barrick Gold (NYSE:ABX).
Top 5 Safest Stocks To Watch For 2018: Energy Select Sector SPDR ETF (XLE)
- [By Ben Levisohn]
Since the close on Jan. 13, shares of ExxonMobil have lost 5.2% including reinvested dividends, while the Energy Select SPDR ETF (XLE) has lost 4.3%. The S&P 500 has returned 4.1% during the same period.
- [By Ben Levisohn]
Shares of ExxonMobil have ticked up 0.1% to $81.89 at 3:17 p.m. today, while Chevron has risen 0.5% to $108.62. The Energy Select Sector SPDR (XLE) has advanced 0.1% to $69.31.
- [By ]
When we compare the energy sectors recent run to the S&P 500, its not even close. The Energy Select Sector SPDR (NYSE:XLE) has jumped more than 20% since Sept. 1. The S&P is up a little more than 10% over the same timeframe.
- [By Craig Jones]
On CNBC's Trading Nation, Andrew Keene of AlphaShark suggested a bearish options strategy in Energy Select Sector SPDR (ETF) (NYSE: XLE).
He noticed that Energy Select Sector SPDR (ETF) broke out above its resistance, but he thinks it's a fake breakout, which is not going to hold. Keene wants to use options to fade the rally. He wants to buy the March 70/67 put spread for $1. The trade breaks even at $69 or 5.19 percent lower and it can maximally make a profit of $2 if the stock drops to $67 or lower.
Top 5 Safest Stocks To Watch For 2018: Qualstar Corporation(QBAK)
- [By Jim Robertson]
On Thursday, our Under the Radar Moversnewsletter suggestedpreemptively shorting small cap data storage systems stockQualstar Corporation (NASDAQ: QBAK):
- [By Lisa Levin]
Qualstar Corporation (NASDAQ: QBAK) was down, falling around 16 percent to $6.99. Qualstar reported a Q4 loss of $0.20 per share on revenue of $2.2 million.
- [By Jim Robertson]
On Tuesday, our Under the Radar Moversnewsletter suggestedshorting small cap data storage systems stock Qualstar Corporation (NASDAQ: QBAK):
Quelstar is essentially a mirror image of Pixelworks. That is, it’s not just the bearish undertow we want to tap into here. It’s the failure of QBAK to follow-through on today’s effort to break above the 100-day moving average line with today’s early effort. The market dared the bulls to play their hand, and as it turns out, they were bluffing. The sheer scope of the reversal bar in the meantime today confirms the downtrend.
Top 5 Safest Stocks To Watch For 2018: China HGS Real Estate, Inc.(HGSH)
- [By Money Morning Staff Reports]
But before we show you our pick, here are the top 10 penny stocks to watch this week…
Penny Stocks Current Share Price (as of Jan. 5) Jan. 2-5 Gain (as of Jan. 5)
My Size Inc. (Nasdaq: MYSZ) $1.66 152.28%
Cytori Therapeutics Inc. (Nasdaq: CYTX) $0.47 89.52%
DelMar Pharmaceuticals Inc. (Nasdaq: DMPI) $1.675 58.02%
CAS Medical Systems Inc. (Nasdaq: CASM) $1.09 55.71%
China HGS Real Estate Inc. (Nasdaq: HGSH) $1.83 47.58%
Aethlon Medical Inc. (Nasdaq: AEMD) $1.56 43.12%
Midatech Pharma Plc. (Nasdaq: MTP) $1.23 43.01%
Comstock Holding Cos. Inc. (Nasdaq: CHCI) $1.87 36.5%
Cenveo Inc. (Nasdaq: CVO) $1.20 31.82%
EV Energy Partners LP (Nasdaq: EVEP) $0.6844 31.62%
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