As bank investors, it's easy to get focused on the big banks. They make a lot of noise and are regularly in the news: more than occasionally for the wrong reasons. But we focus on the giants and ignore the regionals at our own investing peril.
The best regional banks can take serious financial power and investment finesse and turn it into share-price appreciation without the annoying drama and potentially dangerous hubris of the too-big-to-fail institutions. PNC Financial (NYSE: PNC ) is one of these low-drama, high-power banks. Here are three reasons to buy stock in this Pittsburgh-based powerhouse right now.
1. Big-bank beating first-quarter earnings
For the first quarter of 2013, PNC reported net income of $1.0 billion. For the first quarter of 2012, PNC's net income was $811 million. That makes for an increase of 23.3%. Wells Fargo (NYSE: WFC ) came close to but couldn't quite match PNC's performance, with net-income growth of 22% year over year. �
5 Best Regional Bank Stocks To Own Right Now: Atlantic Power Corp (AT)
Atlantic Power Corporation (Atlantic Power) owns and operates a fleet of power generation and infrastructure assets in the United States and Canada. The Company�� power generation projects sell electricity to utilities and industrial customers under long-term power purchase agreements. During the year ended December 31, 2011, its power generation projects in operation had an aggregate gross electric generation capacity of approximately 3,397 megawatts in which its ownership interest was approximately 2,140 megawatts. The Company operates in five segments: Northeast, Southeast, Northwest, Southwest and Un-allocated Corporate. As of December 31, 2011, its portfolio consisted of interests in 31 operational power generation projects across 11 states in the United States and two provinces in Canada, and a 53 megawatts biomass project under construction in Georgia and a 500-kilovolt 84-mile electric transmission line. On December 31, 2012, the Company acquired Ridgeline Energy Holdings, Inc. Advisors' Opinion:- [By Lisa Springer]
Atlantic Power (NYSE: AT) is a Canadian utility company that supplies natural gas mainly to customers in the United States. Although the company is not currently profitable due to currency depreciation,earnings are improving and Atlantic Power anticipates becoming profitable in 2014. Atlantic Power shares yield roughly 9.6%.
5 Best Regional Bank Stocks To Own Right Now: Active Control Technology Inc (ACT.V)
Active Control Technology Inc. engages in the design, manufacture, and marketing of wireless and fiber network solutions for mine communications, and commercial security and access control industries in Canada and the United States. Its products include ActiveMine, an integrated two-way voice communications and tracking network solution designed for harsh underground coal mining environments; and ActiveSecure, a family of wireless products for the access control industry that are used by security professionals for interior and exterior entry points, intrusion systems, and other building monitoring controls. The company is also involved in the design, manufacture, and integration of wireless battery equipped mobile platforms, including carts and other custom platforms that are used to cut the cord in retail settings, manufacturing processes, distribution centers, and hospitals. Active Control Technology Inc. is based in Mississauga, Canada.
Top 5 China Companies To Buy Right Now: Spreadtrum Communications Inc.(SPRD)
Spreadtrum Communications, Inc., through its subsidiaries, operates as a fabless semiconductor company that designs, develops, and markets baseband processor and RF transceiver solutions for wireless communications and mobile television markets. It offers a portfolio of integrated baseband processor solutions that support a range of wireless communications standards, including global system for mobile communication (GSM), general packet radio service (GPRS), enhanced data rates for GSM evolution (EDGE), time division synchronous code division multiple access (TD-SCDMA), and high speed packet access (HSPA), as well as offer an array of multimedia capabilities, such as MP3 digital audio playback, touch screen, JAVA acceleration, digital camera support, motion JPEG, MPEG4, AVS and H.264 digital video playback, and 64-channel polyphonic ringtone playback. The company also provides single-chip CMOS multi-mode RF transceivers that perform across various standards covering GSM/GP RS, EDGE, wideband code division multiple access, TD-SCDMA, and high speed uplink/downlink packet access. In addition, it designs, develops, and markets a CMMB-based channel demodulator and audio/video decoder processor solution for the mobile television market. The company sells its products directly, as well as through distributors to brand manufacturers, independent design houses, and original design manufacturers primarily in China, Hong Kong, and Macau. Spreadtrum Communications, Inc. was founded in 2001 and is headquartered in Shanghai, the People?s Republic of China.
Advisors' Opinion:- [By Roberto Pedone]
Spreadtrum(SPRD) is a fabless semiconductor company that designs, develops and markets baseband processor, radio frequency transceiver and turnkey solutions for the wireless communications and mobile television market. This stock is trading up 10% at $22.85 in recent trading
Today's Volume: 1.4 million shares.
Average Volume: 1.5 million shares
Volume % Change: 88%
Shares of SPRD are ripping higher today after the company said its revenue may exceed previous forecasts. Spreadtrum said in a statement today that it's on track to meet or exceed its fourth-quarter revenue forecast of $188 million to $194 million.
From a technical standpoint, SPRD is starting to bounce hard right near its 200-day moving average of $19.42 today on high volume. Market players should now look for the next buy point to trigger if SPRD can sustain a high-volume move and close back above its 50-day moving average of $23.85.
If we see that action, then look for this stock to re-test some near-term overhead resistance at $27.
5 Best Regional Bank Stocks To Own Right Now: Hi-Tech Pharmacal Co. Inc.(HITK)
Hi Tech Pharmacal Co., Inc., a specialty pharmaceutical company, engages in developing, manufacturing, and marketing generic and prescription, over-the-counter (OTC), and nutritional products in liquid and semi-solid dosage forms in the United States. The company offers a range of products for various disease states, including glaucoma, asthma, bronchial disorders, dermatological disorders, allergies, pain, stomach, and oral care. Its generic pharmaceutical products include oral solutions and suspensions, topical creams and ointments, and nasal sprays. The company also manufactures liquid ophthalmic, otic, and inhalation products; and prescription vitamins. In addition, it markets a line of branded products that include OTC medications, nutritional products, cosmetics, and medical devices primarily for people with diabetes. The company offers its products to chain drug stores, drug wholesalers, managed care purchasing organizations, Federal government agencies, generic dis tributors, mass merchandisers, and mail-order pharmacies. Hi-Tech Pharmacal Co., Inc. was founded in 1982 and is based in Amityville, New York.
Advisors' Opinion:- [By CARLOS ARANCIBIA]
Hi-Tech Pharmacal (HITK), another drug manufacturer, is forming a shapely cup-type base. Despite strong sales, earnings, margins and return on equity, the stock is thinly traded.
On Wednesday, Hi-Tech topped expectations for its May-July quarter. Earnings surged 59% and sales 43% as generic pharmaceuticals sales jumped 52% for the quarter. Sales of its generic version of the allergy treatment Flonase more than doubled, thanks to both higher unit sales and average price.
The medical sector has fallen to the bottom fourth of IBD's sector performance readings. It had been in the top five of 33 earlier this year. But the sector still has some pockets of strength. Ethical drugs and generic drugs are in the top 25 of 197 IBD industry groups.
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5 Best Regional Bank Stocks To Own Right Now: Hudson Investment Group Ltd (HGL.AX)
Hudson Investment Group Limited, through its subsidiaries, engages in the investment, development, and management of commercial properties in Australia and New Zealand. It also processes and distributes attapulgite, an industrial clay material used in the domestic and industrial absorbent, industrial oil refining, agricultural, and horticultural industries, as well as produces a range of consumer products, such as pet litter and clean-up products. In addition, the company is involved in the exploration and development of coal mining leases; and provision of corporate financial, and car parking services. Further, it invests in listed and unlisted shares and businesses. The company is headquartered in Sydney, Australia.
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