Thursday, September 5, 2013

Top 10 Financial Stocks To Buy Right Now

If you're feeling good about the market, you're not alone. Take my hand as we go over some of this week's more uplifting headlines.

1. Home on the range
Lennar� (NYSE: LEN  ) picked a timely day to post better-than-expected quarterly results.

The homebuilder's heartier-than-expected profitability came just as the lastest S&P/Case-Shiller data shows that prices for homes in 20 major metropolitan cities posted their largest year-over-year gain for the month of April since the sudsy real estate bubble days of 2006. The 2.5% sequential gain -- from March to April -- is actually the largest monthly increase on record.

Against this welcome backdrop, Lennar came through with another blowout financial report. Pre-tax earnings more than tripled, and the developer's ultimate $0.61 a share in net income was almost twice as much as what Wall Street was expecting.

Top 10 Financial Stocks To Buy Right Now: Fairfax Financial Holdings Ltd (FRFHF.PK)

Fairfax Financial Holdings Limited (Fairfax) is a financial services holding company. The Company, through its subsidiaries, is principally engaged in property and casualty insurance and reinsurance and the associated investment management. The Company�� segments consist of Insurance, Reinsurance, Insurance and Reinsurance Other, Runoff, and Corporate and Other. On December 22, 2011, the Company completed the acquisition of 75% interests in Sporting Life Inc. On August 16, 2011, the Company acquired William Ashley China Corporation. On March 24, 2011, an indirect wholly owned subsidiary of Fairfax completed the acquisition of The Pacific Insurance Berhad. On February 9, 2011, an indirect wholly owned subsidiary of Fairfax completed the acquisition of First Mercury Financial Corporation. In October 2012, its RiverStone runoff subsidiary acquired all the outstanding shares of Brit Insurance Limited.

Top 10 Financial Stocks To Buy Right Now: KKR(KKR)

Kohlberg Kravis Roberts & Co. is a private equity and venture capital firm specializing in acquisitions, leveraged buyouts, management buyouts, and mezzanine investments in large cap companies. The firm will consider investments in all industries globally, with a focus on financial services, infrastructure, and renewable energy. It seeks a board seat in its portfolio companies. The firm holds a controlling interest in its portfolio companies after they go public. It typically holds its investment for a period of five years and more and exits through initial public offerings, secondary offerings, and sales to strategic buyers. Kohlberg Kravis Roberts & Co. was founded in 1976 and is based at New York, New York with additional offices across United States, Europe, Australia, and Asia.

Advisors' Opinion:
  • [By Beacon Equity]

    KKR & Co. L.P. (NYSE: KKR) shares are on the rise today following positive comments from Jim Cramer. At last check, the stock was up 1.72% to $17.70 on volume of 2.67 million shares. (NYSE:KKR), (KKR)

10 Best Blue Chip Stocks To Own For 2014: Cheung Kong (1)

Cheung Kong (Holdings) Limited is a Hong Kong-based company engaged in investment holding and project management. The Company�� subsidiaries are engaged in property development and investment, hotel and serviced suite operation, property and project management, and investment in securities. It is also engaged in information technology, e-commerce and new technology. As of December 31, 2011, the Company�� investment properties included retail shopping malls and commercial office properties in Hong Kong, which accounted for approximately 44% and 45%, respectively of the turnover of the Company�� property rental. As of December 31, 2011, the total floor area under the Company�� property management was approximately 88 million square feet. As of December 31, 2011, its subsidiaries included Alcon Investments Limited, AMTD Group Company Limited, Bermington Investment Limited and others.

Top 10 Financial Stocks To Buy Right Now: Porter Bancorp Inc.(PBIB)

Porter Bancorp, Inc. operates as the bank holding company for PBI Bank that provides commercial and personal banking products and services in Kentucky. The company?s deposit products include checking accounts, savings accounts, term certificate accounts, time deposits, negotiable order of withdrawal accounts, money market accounts, fixed rate certificates, and certificates of deposit. Its loan portfolio comprises residential mortgage, commercial, consumer, and agriculture loans; and real estate loans, including commercial and residential real estate, and real estate construction loans. The company also provides drive-through banking facilities, automatic teller machines, night depository, personalized checks, credit cards, debit cards, Internet banking, electronic funds transfers, domestic and foreign wire transfers, travelers? checks, cash management, vault services, loan and deposit sweep accounts, and lock box services. In addition, Porter Bancorp offers personal trus t services, employer retirement plan services, and personal financial and retirement planning services. As of July 28, 2011, it operated 18 full-service banking offices in Kentucky. The company was founded in 1988 and is headquartered in Louisville, Kentucky.

Top 10 Financial Stocks To Buy Right Now: Northwest Bancshares Inc.(NWBI)

Northwest Bancshares, Inc. operates as the holding company for Northwest Savings Bank that offers various banking and consumer finance services. The company offers consumer and commercial deposits, such as checking accounts, savings accounts, money market deposit accounts, term certificate accounts, and individual retirement accounts. Its loan portfolio comprises one- to four-family residential real estate loans, multifamily residential and commercial real estate loans, home equity loans and lines of credit, and commercial business loans, as well as consumer loans, including automobile loans, sales finance loans, unsecured personal loans, credit card loans, and loans secured by deposit accounts. It also offers trust, investment management, actuarial and benefit plan administration, brokerage services, title insurance, and municipal bonds, as well as involves in the ownership and operation of properties. As of December 31, 2009, the company operated 171 community-banking of fices in northwest, southwest, and central Pennsylvania; western New York; eastern Ohio; Maryland; and southeastern Florida. It also operated 51 consumer finance offices in Pennsylvania. The company was founded in 1896 and is headquartered in Warren, Pennsylvania.

Top 10 Financial Stocks To Buy Right Now: PIMCO New York Municipal Income Fund(PNF)

PIMCO New York Municipal Income Fund is a mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It operates as a nondiversified, closed-end management investment company. The fund invests primarily in municipal securities. The fund?s investment portfolio includes investments in hospital, water and sewer, tobacco, state and local general obligations, education, lease, tax, and power sectors. PIMCO New York Municipal Income Fund was formed in 2001 and is domiciled in United States.

Top 10 Financial Stocks To Buy Right Now: Dime Community Bancshares Inc.(DCOM)

Dime Community Bancshares, Inc. operates as the holding company for The Dime Savings Bank of Williamsburgh that provides financial services and loans primarily for multifamily housing. The company accepts various deposit products, including savings accounts, certificates of deposit, money market accounts, interest bearing checking accounts, and non-interest bearing checking accounts. Its loan products comprise multifamily residential mortgage loans, commercial real estate loans, one- to four-family residential mortgage loans, construction and land acquisition loans, and consumer loans. In addition, the company, through its other subsidiaries, involves in the management and ownership of real estate; the sale of non-FDIC insured investment products; and investing in multifamily residential, one to four-family, and commercial real estate loans. As of January 26, 2012, it operated 26 branches located throughout Brooklyn, Queens, the Bronx, and Nassau County, New York. The comp any was founded in 1864 and is headquartered in Brooklyn, New York.

Top 10 Financial Stocks To Buy Right Now: Atlantic American Corporation(AAME)

Atlantic American Corporation, through its subsidiaries, provides life, health, property, and casualty insurance products in the United States. Its property and casualty insurance products include business automobile insurance coverage for state governments, local municipalities, and other large motor pools and fleets, as well as personal property, inland marine, and general liability insurance products. The company also provides surety bond coverage for school bus transportation and subdivision construction, as well as performance and payment bonds. In addition, it offers ordinary and term life insurance, Medicare supplement, and other accident and health insurance products. The company markets its policies through independent agents. Atlantic American Corporation was founded in 1968 and is based in Atlanta, Georgia.

Top 10 Financial Stocks To Buy Right Now: Kingsway Arms Retirement Reside(KWA.V)

Kingsway Arms Retirement Residences Inc. engages in the ownership of retirement home properties in Canada. It primarily owns the Aurora Retirement Centre, a seniors housing facility located in Aurora, Ontario. The company was founded in 1997 and is based in Vaughan, Canada.

Top 10 Financial Stocks To Buy Right Now: National Security Group Inc.(NSEC)

The National Security Group, Inc., an insurance holding company, provides various property and casualty, and life insurance products and services in the United States. It operates in two segments, Property and Casualty Insurance, and Life Insurance. The Property and Casualty Insurance segment primarily provides personal lines coverage, including dwelling fire and windstorm, homeowners, mobile homeowners, ocean marine, and personal non-standard automobile lines of insurance in Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, Oklahoma, South Carolina, Tennessee, and West Virginia, and operates on a surplus lines basis in the states of Louisiana, Missouri, and Texas. The Life Insurance segment principally offers ordinary life, accident and health, supplemental hospital, and cancer insurance products in Alabama, Florida, Georgia, Mississippi, South Carolina, and Texas. The company markets its products through a field force of agents and career agents, as well as thr ough a network of independent agents and brokers. The National Security Group, Inc. was founded in 1947 and is based in Elba, Alabama.

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