Asian stocks rose, with the regional index heading for the biggest gain in three weeks, amid optimism U.S. lawmakers will lift the debt limit and avoid a default.
Great Wall Motor Co. added 3.1 percent in Hong Kong after the carmaker reported sales increased last month. Westpac Banking Corp. contributed the most to the regional stock gauge�� advance, gaining 2.6 percent in Sydney after agreeing to buy Lloyds Banking Group Plc�� assets in Australia. Fast Retailing Co., Asia�� largest clothing retailer, fell 4.5 percent in Tokyo after forecasting profit that missed analyst estimates.
The MSCI Asia Pacific Index jumped 1.3 percent to 140.93 as of 10:54 a.m. in Tokyo, poised for the steepest daily advance since Sept. 19. Talks between lawmakers will continue as Republicans and Democrats seek a ��ath forward��on the debt ceiling, according to Republican House Majority Leader Eric Cantor. The White House said ��o specific determination was made��during an initial 90-minute meeting between the parties in Washington.
Top 10 Income Companies To Own In Right Now: Tim Hortons Inc.(THI)
Tim Hortons Inc. develops, franchises, and operates quick service restaurants primarily in Canada and the United States. Its restaurants serve coffee and other hot and cold beverages, baked goods, sandwiches, soups, and other food products. As of April 03, 2011, the company and its restaurant owners operated 3,169 restaurants in Canada and 613 restaurants in the United States under the Tim Hortons name; and had 274 primarily self-serve licensed locations in the Republic of Ireland and the United Kingdom Tim Hortons Inc. was founded in 1964 and is based in Oakville, Canada.
Advisors' Opinion:- [By Charles Carlson]
If you are new to DRIP investing, treat yourself to a few DRIPs this holiday season. Trust me��t'll change your life.
American Water Works (AWK)��ielding 2.7% with a DRIP minimum of $100
Cincinnati Financial (CINF)��ielding 3.2% with a DRIP minimum of $25
CVS Caremark (CVS)��ielding 1.4% with a DRIP minimum of $100
Dominion Resources (D)��ielding 3.4% with a DRIP minimum of $40
Domino's Pizza (DPZ)��ielding 1.2% with a DRIP minimum of $65
Eaton (ETN)��ielding 2.3% with a DRIP minimum of $100
Flowserve (FLS)��ielding 0.8% with a DRIP minimum of $100
Kellogg (K)��ielding 3.0% with a DRIP minimum of $50
New Jersey Resources (NJR)��ielding 3.7% with a DRIP minimum of $100
Quest Diagnostics (DGX)��ielding 2.0% with a DRIP minimum of $100
Tim Hortons (THI)��ielding 1.7% with a DRIP minimum of $25
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- [By Eric Volkman]
Tim Hortons (NYSE: THI ) will have a new nameplate on the door of its chief executive's office starting this summer. The company announced that it has named Marc Caira as CEO, effective July 2. He succeeds Paul House, who will remain in his post as chairman of the board.
- [By Nickey Friedman]
Growth continues to turn from good to better for Tim Hortons' (NYSE: THI ) competitors Starbucks (NASDAQ: SBUX ) , Dunkin' Brands Group (NASDAQ: DNKN ) , and Krispy Kreme Doughnuts (NYSE: KKD ) . Though Little Timmy has lagged behind, that could change, beginning with the five-year strategic plan the company will outline on Feb. 25.
Top 5 Retail Stocks For 2014: Staples Inc.(SPLS)
Staples, Inc., together with its subsidiaries, operates as an office products company. The company offers various office supplies and services, office machines and related products, computers and related products, and office furniture under Staples, Quill, and other proprietary brands. It also provides copy and print services to retail and delivery customers, as well as technology services through its EasyTech business. The company sells and delivers office products and services directly to businesses and consumers through Internet retail, including Staples.com and Quill.com, as well as through contract sales force, direct mail catalog business, and retail stores. As of January 28, 2012, it operated 2,295 retail stores in 48 states and the District of Columbia in the United States; and 10 provinces and 2 territories in Canada, as well as in Belgium, Finland, Germany, the Netherlands, Norway, Portugal, Sweden, the United Kingdom, China, Argentina, and Australia. The company also operated 124 distribution and fulfillment centers in 29 states in the United States; 7 provinces in Canada; and in Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, the Netherlands, Norway, Portugal, Spain, Sweden, the United Kingdom, China, Argentina, Brazil, and Australia. Staples, Inc. was founded in 1986 and is based in Framingham, Massachusetts.
Advisors' Opinion:- [By Sean Williams]
Finally, office supply chain Staples (NASDAQ: SPLS ) declared a second-quarter cash dividend of $0.12 (matching its previous quarter) payable on July 18, 2013, to shareholders of record on June 28, 2013. Staples, as I've noted over the past couple of months, looks like it'll benefit domestically in a big way by picking up customers who get displaced by the ongoing Office Depot�and OfficeMax�merger, which will result in store closures. Staples has all the tools to really surprise Wall Street analysts moving forward.
- [By Paul Ausick]
Nasdaq Composite component Staples Inc. (NASDAQ: SPLS) saw its share price dive 15.22% today after the company reported weak results and said it would close 225 stores. The stock will close around $11.37 in a 52-week range of $11.16 to $17.30 (a new 52-week low). Volume was almost 8-times higher than the daily average of around nearly 9 million shares traded.
- [By Sean Williams]
Office supply superstore Staples (NASDAQ: SPLS ) powered higher on the week despite receiving a downgrade from research firm Zacks to "underperform" last Thursday. The reasoning behind the downgrade had to do with weak economic growth and tighter consumer spending. As for me, I see this as more analyst white noise. The pending combination of OfficeMax�and Office Depot�is bound to create disruptions that Staples will be able to exploit. Compound this with the introduction of Apple accessories last month and I feel Staples presents a compelling turnaround candidate.
Top 5 Retail Stocks For 2014: Yum! Brands Inc.(YUM)
YUM! Brands, Inc., together with its subsidiaries, operates as a quick service restaurant company in the United States and internationally. It develops, operates, franchises, and licenses a system of restaurants, which prepare, package, and sell various food items, as well as operates Chinese casual dining concept restaurants. The company?s restaurants specialize in chicken, pizza, and Mexican-style food categories. It operates approximately 37,000 restaurants in 110 countries and territories under the KFC, Pizza Hut, and Taco Bell brands, as well as approximately 450 casual dining concept restaurants in China. The company was formerly known as TRICON Global Restaurants, Inc. and changed its name to YUM! Brands, Inc. in May 2002. YUM! Brands, Inc. was founded in 1997 and is headquartered in Louisville, Kentucky.
Advisors' Opinion:- [By Demitrios Kalogeropoulos]
But sales growth at existing stores will need to improve, as well. The company logged just a 1% rise in comparable sales last quarter, well below the 13% jump it saw to begin 2012. Yum! Brands' (NYSE: YUM ) Taco Bell did much better in the first quarter, growing comps by 6%. However, sales growth slowed to 2% at Taco Bell in the second quarter. We'll find out on Thursday whether that's because Chipotle was able to steal some market share from the fast food chain.
- [By Neha Marwah]
Yum! Brands (YUM), which is the biggest Westerner in China, is witnessing signs of improvement in its largest and most profitable overseas market. China�� same store sales has been pretty disappointing all this while since the chicken supply issue that the company got involved in last December. It�� been almost a year now and investors have been pretty skeptical about the stock.
- [By Dan Caplinger]
Still, McDonald's has had to deal with several new problems recently. An outbreak of avian flu in China has hurt both McDonald's and the KFC unit of Yum! Brands (NYSE: YUM ) , as fears of contaminated chicken keep patrons away. The hit will be bigger for Yum!, as it has almost 6,000 stores in China compared to a target of 2,000 by the end of the year for McDonald's, but McDonald's could still see pressure from the outbreak. Meanwhile, in the U.S., workers held a strike to protest low pay for fast-food workers, although it's unclear whether labor groups remain strong enough to have an impact on big employers like McDonald's. A rise in customer service complaints has also raised questions about whether premium beverages take too long to make and hold up orders. Given the fact that McDonald's owed much of its growth in recent years to taking business from premium-coffee giant Starbucks (NASDAQ: SBUX ) , a reversal of its strategy there could hurt McDonald's but help Starbucks regain even more of its core business.
- [By Neha Marway]
Yum! Brands (YUM), the parent of KFC, reported disappointing third quarter results on Tues. as its China sales are recovering at a slower pace than expected. The outlook of the last quarter of the year is also not very optimistic, but company executives are confident that 2014 would be a ��ounce-back year��for the fast food giant�� China division. Poor sales results led the company to lower its full year profit outlook. Let�� check out some of the important numbers.
Top 5 Retail Stocks For 2014: L-3 Communications Holdings Inc. (LLL)
L-3 Communications Holdings, Inc., through its subsidiary, L-3 Communications Corporation, provides command, control, communications, intelligence, surveillance, and reconnaissance (C3ISR) systems; aircraft modernization and maintenance; and government services in the United States and internationally. Its C3ISR segment offers fleet management sustainment and support, such as procurement, systems integration, sensor development, modifications, and periodic depot maintenance for signals intelligence and communications intelligence systems; strategic and tactical signals intelligence systems; secure data links; secure terminal and communication network equipment and encryption management; and communication systems. The company?s Government Services segment provides communication software support, information technology services, and various engineering development services and integration support; engineering and information systems support services; teaching and training; h uman intelligence support services; command and control systems and software services; and technical and management services. Its Aircraft Modernization and Maintenance segment offers modernization and refurbishments, upgrades and sustainment, maintenance, and logistics support services, as well as turnkey aviation life cycle management services for military and various government and commercial customers. The company?s Electronic Systems segment provides components, products, subsystems, systems, and related services across various business areas, including power and control systems, electro-optic/infrared, microwave, simulation and training, precision engagement, warrior systems, security and detection, propulsion systems, avionics and displays, telemetry and advanced technology, undersea warfare, and marine services. L-3 Communications Holdings, Inc. was founded in 1997 and is based in New York, New York.
Advisors' Opinion:- [By Rich Smith]
The Department of Defense issued some 22 separate contract awards Thursday, totaling just under $1 billion in combined value. Not all of them went to publicly traded defense contractors, of course, but enough of them did to be worth mentioning. Here are a few of the lucky winners:
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