|Bid||10.20 x 800|
|Ask||10.22 x 800|
|Day's Range||10.20 - 10.25|
|52 Week Range||9.83 - 10.45|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Concerns over rising interest rates and expected further rate increases have hit several stocks hard during the fourth quarter. Trends reversed 180 degrees during the first quarter amid Powell's pivot and optimistic expectations towards a trade deal with China. Hedge funds and institutional investors tracked by Insider Monkey usually invest a disproportionate amount of their […]
Serial entrepreneur and investor Mark Ein might love tennis, but it was the $100 billion in annual spending on telecom and infrastructure upgrades that drew him to Indiana equipment rental company Nesco LLC. Ein's blank check company, Capitol Investment Corp. IV (NYSE: CIC), will merge into Fort Wayne-based Nesco, take the company public and give it a cash infusion. Capitol shareholders will own 72 percent of the company, while Nesco shareholders will receive 28 percent ownership. Blank check companies are set up in advance as public companies that then look for merger and acquisition deals.
Capitol Investment Corp IV, the fourth "blank-check" acquisition company formed by investor Mark Ein, is nearing a deal to buy a majority stake in NESCO LLC, valuing the aerial lifts and cranes rental company at $1.1 billion, including debt, people familiar with the matter said on Sunday. Under the terms being discussed, Capitol will acquire a 72 percent stake in NESCO, said the sources, who requested anonymity because no official announcement has been made. Private equity firm Energy Capital Partners, which led a $875 million leveraged buyout of NESCO in 2014, would retain a minority stake.
Stocks have been doing very well in 2019. Some of this is a recovery from the massive selloff in Q4 of last year, and some of it is a rosy picture of the coming year.Underlying much of it is the Federal Reserve's repositioning on interest rates. Its stated policy was to raise at least twice in 2019 to stay ahead of creeping inflation. When that remained the case, companies' earnings were disappointing investors and their projections were equally dour, selling got started in earnest.But when the Fed relented on rate hikes, the market began to breathe easier. And as long as the Fed continues down that path, the market should continue to run.InvestorPlace - Stock Market News, Stock Advice & Trading TipsRecent GDP numbers were decent, if not salacious. Yet there remains contradictory data that should keep us all vigilant about expecting this bull to lift all stocks into the future -- consumer spending in December was the worst since 2009.Granted the government shutdown may have had some effect, but most of the December shopping was done by the time it kicked in, so it may have been a worse number because of that, but not by much. * 10 Best Stocks to Buy and Hold Forever The seven top-rated stocks to buy for March are delivering A ratings for their quantitative qualities, meaning investors like what they see and are buying these shares enthusiastically. Capital Investment Company (CIC)Source: lee via FlickrCapital Investment Company (NYSE:CIC) is what is known in the industry as a blank-check company. Basically, it raises private equity capital in tranches and then looks for a company to buy.This the CIC's fourth such deal and it has done well with its first three investments. The first was in 2009, starting Maryland real estate investment trust Two Harbors Investment Corp (NYSE:TWO), which is now the third-largest mortgage REIT in the U.S.The second deal was in 2015, investing in Lindblad Expeditions (NASDAQ:LIND), an adventure travel company. The stock is up 48% in the past year as adventure travel becomes a very popular travel choice among many demographics.The third deal was in 2017, merging with Cision (NYSE:CISN), a media research company.Each of these deals is a separate "company," so you're essentially investing in CIC's next project. And from the looks of things, investors are coming aboard swiftly. Haymaker Acquisition (HYAC)Source: Shutterstock Haymaker Acquisition (NASDAQ:HYAC) is another blank-check firm that focuses on the consumer sector, including media and hospitality industries as well as traditional retail consumer products and services.A number of these blank-check companies showed up on my Portfolio Grader this time around, which is an interesting development. It seems that institutional investors and hedge funds are looking for market alternatives for diversification, rather than just investing in publicly traded companies or investing in private companies directly. * 10 Best High-Growth Stocks for Young Investors It seems private equity companies are now starting to be publicly traded themselves. This could be interesting. Big financial institutions may see this as a way to outsource their alternative investing portfolio without having to build or expand current operations. An interesting sector to watch, to be sure. Procter & Gamble (PG)Source: Mike Mozart via Flickr (Modified)Procter & Gamble (NYSE:PG) is the forefather of consumer staples companies. The Ohio-based company has been around since 1837 and has found a way to not just survive, but thrive during the past 182 years.It has seen depressions, world wars … pretty much anything an economy and consumers can throw at a company. Pampers, Tide, Downy, Charmin, Tampax, Old Spice, Pantene, Dawn, Gillette, Vicks, Crest, Olay, Secret and that is just to name a few.It's no surprise that a couple of years ago it went through a significant purge of brands it has accumulated over the years and refocused on its core divisions and brands. And it has paid off.In the past 12 months, this steady-Eddie company was up 23%, not including its rock-solid 2.9% dividend.And even while the markets are booming, the smart money is buying into PG as not only a great hedge, but a great total return foundation pick. Mastercard (MA)Source: Hakan Dahlstrom via Flickr (Modified)Mastercard (NYSE:MA) is another well-known brand with a deserved reputation for smart growth and solid returns. But the thing is, MA is transforming with its industry.While there is plenty of buzz about financial technology companies (aka, fintechs), MA is one of the original fintechs. And savvy investors are starting to realize it. Money is going digital and MA hasn't been sitting on its hands.For everyone concerned, a cashless world is very convenient. And for banks and companies, digital transactions are significantly cheaper than cash transactions. The downside for some is that cash provides some level of anonymity and privacy -- it isn't logged into a database with a name and account attached to it. * 10 Blue-Chip Stocks to Lead the Market But with the big money on digital payments, MA, with its global reach and well-respected brand is an easy choice for financial institutions and businesses around the world. Nike (NKE)Source: Shutterstock Nike (NYSE:NKE) is the 800-pound gorilla of the athletic footwear and apparel market. With a market cap of nearly $135 billion, it's nearly 3x larger in market than its major competitor Adidas (OTCMKTS:ADDYY).Even a hot company like Lululemon Athletica (NASDAQ:LULU) is a chimp compared to this massive primate. Although LULU has been in the press a lot recently, and I do like the company.Even though NKE has returned a respectable 31% in the past 12 months, it hasn't seen the growth that LULU has seen. Still, it looks like there's a shift of interest back into a major diversified player like NKE.And one of its big retail partners, Foot Locker (NYSE:FL) recently announced that it's investing $275 million in Asia, which is already a strong market for NKE, and this will only help the brand. And a stronger consumer at home- and the advent of spring and summer sports -- will also be a boost. Diageo (DEO)Source: Puamella via Flickr (Modified)Diageo (NYSE:DEO) is a sin stock. So, if you're not interested in one of the world's largest and best alcoholic beverage companies, then you can skip this recommendation.But if you're interested in a great company with a return of 352% in the past 17 years (give or take) -- that's about a 20.7% annual average return -- then read on.Guinness, Johnnie Walker, Smirnoff, Ketel One, Ciroc, Captain Morgan, Tanqueray are just the tip of the iceberg when it comes to the brands that sit in the DEO portfolio.Combine that with the fact that younger drinkers are buying less beer and wine and buying more high-end alcohol, they're choosing quality over volume in the U.S. And that is a big deal, since much of the U.S. consumer-focused market has always counted on U.S. consumer to be of the more-is-better mentality. * 7 Strong Buy Stocks the Street Loves Also, with the loosening of cannabis laws, infused products in North America are going to be big … and hip. DEO will certainly be a major player in this burgeoning sector. Starbucks (SBUX)Source: StarbucksStarbucks (NASDAQ:SBUX) started as a single store that operated in the famous Pike Place Fish Market in Seattle. It remained a single store for a decade until Howard Schultz joined the team.After a trip to Italy, Schultz realized the potential for cafes in the U.S., done in a truly American style. In 1987 he and a group of investors bought the original Starbucks and turned it into what we see today -- 24,000 retail stores in 70 countries.Essentially, SBUX has turned a classic European business into a quintessentially American product and brand. The past decade has seen a lot of the company's growth. And the amazing thing is, given its vast network, it still finds ways to grow its bottom -- and top -- line.And if we've learned anything about corporate chiefs that run for high public office, it's that it does wonders for their brand. Now that former CEO Schultz is looking into a presidential bid, you can be sure that for now it's free advertising every time he speaks or is featured on a new segment.Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor, Breakthrough Stocks, Accelerated Profits and Platinum Growth. His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Reasons Kraft Heinz Stock Is a Contrarian Buy * 5 Housing Stocks to Buy for Renewed Homebuilder Confidence * 7 of the Best ETFs to Buy for a Rock-Solid Portfolio Compare Brokers The post 7 Top-Rated Stocks to Buy for March appeared first on InvestorPlace.
Looking for stocks with high upside potential? Just follow the big players within the hedge fund industry. Why should you do so? Let’s take a brief look at what statistics have to say about hedge funds’ stock picking abilities to illustrate. The Standard and Poor’s 500 Index returned approximately 5.7% in the 12 months ending October 26 […]
The Mark Ein-led Capitol Investment Corp. IV (NYSE: CIC) hopes to strike a deal to buy or merge with another company in the next 18 months. The approval of that plan would give the company 18 months — and during that time the company says it will satisfy that threshold by forming a business combination. A blank check company raises funds in an IPO — usually through a limited number of institutional investors — and then invests the cash to buy or merge with another company.