|Bid||27.53 x 1800|
|Ask||27.89 x 1800|
|Day's Range||27.15 - 27.54|
|52 Week Range||22.45 - 29.81|
|Beta (3Y Monthly)||0.23|
|PE Ratio (TTM)||8.34|
|Earnings Date||Jun 11, 2019|
|Forward Dividend & Yield||1.00 (3.68%)|
|1y Target Est||25.71|
Editor's note: This story was previously published in March 2019. It has since been updated and republished.Despite common economic challenges, services stocks present a viable opportunity. The most obvious tailwind is that American society mostly transitioned to a service-based economy. According to the International Trade Administration, 80% of private-sector jobs are levered to the service industry. More critically, we're really good at what we do.For the past year, President Donald Trump complained bitterly about trade-imbalances with other nations, particularly China. However, the Trump administration never says a word about the services trade, where we enjoy a robust surplus. Naturally, this dynamic boosts the case for services stocks.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 5 Safe Stocks to Buy This Summer Another favorable factor is that several publicly traded companies in this sector are also dividend stocks. During uncertain phases, these passive-income generating names provide practically-guaranteed returns. Additionally, dividend-payers tend to perform better during bear markets.Finally, the service sector covers a wide range of opportunities. From retail to entertainment to communications, you'll have no shortage of options. Here are seven services stocks that will generate consistent, passive income for your portfolio:Source: Shutterstock United Parcel Service (UPS)Few service-based companies offer as much upside potential as e-commerce firms. However, popular names like Amazon (NASDAQ:AMZN) are not dividend stocks, but rather, operate purely on a capital-gains basis. So the next best thing is the transportation middleman, namely United Parcel Service (NYSE:UPS).Of course, the immediate criticism is that Amazon's venture into in-house product mailing solutions will completely disrupt UPS stock. Certainly, the situation looks bad for the courier. However, UPS responded with their own e-fulfillment service, and it has more credibility than Amazon can dream about.While I respect the e-commerce giant, UPS has an established transportation network. In terms of scales of economy, UPS stock easily wins out. Plus, the company pays out a generous dividend yield at 4.2%. You're just not going to get that with most services stocks levered purely to e-commerce.Source: Shutterstock Penske Automotive Group (PAG)With the advent and later dominance of ride-sharing apps like Uber and Lyft, the concept of buying cars is steadily becoming archaic. In my first-ever Uber ride, my driver told me his personal forecast: people will stop purchasing cars and transition to ride-sharing full-time.If such a prediction comes true, services stocks like Penske Automotive Group (NYSE:PAG) would simply implode. Although I'm not going to necessarily disagree with my driver -- gotta keep my five-star rating! -- the automotive still breathes. * 6 Stocks to Buy for This Decade's Massive Megatrend One of the main factors keeping PAG stock in the running is practicality. Sure, ride-sharing apps have added options to the mix. However, nothing beats the convenience and cost-savings of driving yourself to your desired destination.With Penske's massive dealership network, they consolidate whatever sales opportunities exist, eating alive the small guys. This stinks if you're on the receiving end of this tactic. However, for stakeholders in PAG stock, they're not complaining, especially because of its 3.54% yield.Source: Mike Mozart via Flickr H&R Block (HRB)All services stocks provide important, and often necessary functions to society. However, no one has such an extreme love-hate dynamic like H&R Block (NYSE:HRB). Tax season is always a difficult time for families this time of year. Even if you're due for a refund, you don't like the paperwork involved.Of course, HRB stock makes a case for itself by alleviating this pressure for many families. This year, and moving forward, H&R Block presents an even more valuable service. That's because several taxpayers complained about the complexities and the surprise tax hit they incurred due to new laws.Moreover, the "gig economy" reshaped the labor force, with many (usually young) workers eschewing the corporate ladder for professional autonomy. Usually, though, this implies that these workers are independent contractors, which is a much more complicated tax process than being a run-of-the-mill employee.As such, you can expect HRB stock to significantly rise higher. And if not, the company is among the higher-paying dividend stocks, with a 3.68% yield.Source: Shutterstock Verizon (VZ)I'm usually not into dividend stocks as they don't fit my risk-taking personality. However, I recently took a shot with AT&T (NYSE:T). To summarize my bullish case for the telecom giant, I only need one "word," which obviously is 5G.However, AT&T isn't the only name among services stocks to benefit from the next-generation in wireless technology. Rival Verizon Communications (NYSE:VZ) offers similar fundamental upside. In fact, Verizon won a critical PR victory, becoming the first commercial 5G provider. But other reasons exist why you should consider VZ stock. * 7 Safe Stocks to Buy for Anxious Investors While I'm partial to AT&T as an investment, the company has leveraged itself with aggressive acquisitions. If they don't pan out, T shares will have serious problems. True, VZ stock isn't perfect in this department, but it's more stable than its core competitor.For this stability, you're not missing out that much in terms of passive income. Currently, Verizon offers a generous 4.09% dividend yield.Source: Flazingo Photos Via Flickr BG Staffing (BGSF)Back during the "analog" days, services stocks in the staff-sourcing industry had substantial relevancy. Primarily, organizations like BG Staffing (NYSEAMERICAN:BGSF) provided a useful platform for young workers to get their first professional job. Also, they helped get transitioning workers back on their feet.But with the rise of digitalization, along with social media outlets like Facebook (NASDAQ:FB), BGSF stock appears anachronistic. Often times, it's not about what you know, but who you know. Recent technologies have only made this adage frustratingly accurate, depending on your perspective.Still, I like BGSF stock and its chances to work its way out of its long-term funk. As I mentioned with H&R Block, BG Staffing benefits from the autonomous gig economy. Due to various factors such as changing employment dynamics, millennials won't typically stay at one job indefinitely.Admittedly, you'll probably need patience with BGSF stock. But while you're waiting, it's one of the highest-paying dividend stocks, featuring a 5.95% yield.Source: Jeremy Thompson via Flickr Six Flags Entertainment (SIX)Many investors have the mistaken impression that services stocks are boring; indeed, the name itself doesn't generate much excitement. However, this sector doesn't have to induce you into a coma, as renowned theme park Six Flags Entertainment (NYSE:SIX) proves.Famous (or notorious) for its stomach-churning rides, SIX stock has generated long-term gains since its initial public offering. Unfortunately, recent market sessions have offered the same diabolical sensations as you would get riding the theme park's "Full Throttle." * 7 Stocks to Buy for Over 20% Upside Potential Much of the volatility stems from SIX stock not recovering from its fourth-quarter 2018 earnings report. Although the company handily beat expectations for earnings per share, revenues disappointed against expectations. Six Flags delayed opening new locations in China due to its slowing economy.However, don't forget that revenues have consistently increased over the years. Furthermore, a possible trade deal between the U.S. and China would skyrocket SIX stock. Because of the risks involved, the company pays out a 6.37% dividend yield.Source: ATLAS Social Media via Flickr National CineMedia (NCMI)I concede that National CineMedia (NASDAQ:NCMI) is a tough pill to swallow. The broader market downturn has disproportionately impacted services stocks related to the cineplex industry. After gaining 10% in March it gave back all of that and then some, losing about 4% compared with this time last year.Given the popularity of streaming-entertainment firms like Netflix (NASDAQ:NFLX), National CineMedia seemingly has no chance. However, I'd advise against knee-jerk reactions when assessing NCMI stock. The box office, though a legacy institution, remains very much relevant in the 21st century.How, you may ask? Simply, cineplex operators provide a social experience that streaming-related services stocks cannot. In dying shopping malls, astute developers refocused their efforts to provide event-based attractions for family-oriented Hispanic communities, to resounding successes. Against a comparable backdrop, NCMI stock may receive a similar lift.If nothing else, National CineMedia is one of the most generous, legitimate dividend stocks. With a yield of 9.84%, it's a risky but incredibly attractive proposition.As of this writing, Josh Enomoto was long AT&T stock. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 of the Best Stocks to Buy Under $10 * 7 Single-Digit P/E Stocks With Massive Upside * 7 Best Quantum Computing Stocks Trading Today Compare Brokers The post Top 7 Service Sector Stocks That Will Pay You to Own Them appeared first on InvestorPlace.
H & R Block Inc NYSE:HRBView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is moderate and declining * Economic output in this company's sector is expanding Bearish sentimentShort interest | NeutralShort interest is moderately high for HRB with between 10 and 15% of shares outstanding currently on loan. However, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on April 25. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding HRB totaled $10.11 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. HRB credit default swap spreads are near the lowest level of the last one year and indicate improvement in the market's perception of the company's credit worthiness.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Discover the consumer discretionary sector, industries within this sector and companies producing goods that fall under the consumer discretionary definition.
In prior generations, figuring out the best retirement stocks to buy was a relatively straightforward proposition. You take a good company with a solid business (one that hopefully pays a consistent dividend) and put it in automatic mode in your portfolio. Over time, these "sure bets" provided enough stability to keep you going.But that was then. Today, the best stocks for retirement don't necessarily follow a clean, linear path. Many economists argue that we're in the midst of the fourth industrial revolution. In a nutshell, the first two phases involved accelerating human efficiency. The internet sparked the third revolution. Now, with human capacity maxed out, we're exploring machine learning and automation.I'm not suggesting, though, that machines will replace human workers entirely. We'll still have a need for commerce, education, transportation and other social functions. The future will look very similar to what we see now, at least from the outside. But the nature of work and employment will change. This shifting tide necessitates a different approach toward stocks for retirement.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFor example, rather than looking strictly at dividends, visionary investors should consider relevancy. That is, the best stocks to buy underline organizations that will likely be around for the next few decades. Obviously, there's no point in acquiring income-generating investments if they'll collapse five years from now. * 7 Dividend Stocks to Buy as the Trade War Reignites So with that backdrop, here are ten of the best retirement stocks to buy now. Square (SQ)Source: Via SquareAdmittedly, tech firm Square (NYSE:SQ) doesn't classify as one of your typical retirement stocks to buy. For now, it's purely a growth name. Although returns have been monstrous, cyclicality; therefore, volatility is a major concern. Obviously, SQ stock does not pay a dividend.So why include it among the best stocks for retirement? Because few investments have a legitimate chance for long-term relevancy quite like SQ stock. As I've explained many times before, small business represents the somewhat underappreciated engine of the U.S. economy. I expect this trend to continue forward, which is why you'll want exposure to SQ shares.The days of giant corporations are coming to an end. Market revolutions such as e-commerce have put these names on the firing line. Instead, the future economy will be built upon small, agile businesses. Square's payment-processing products and services give these next-generation companies the ability to compete effectively. Twitter (TWTR)Source: Shutterstock Although I might look like a younger version of him, I'm no Michio Kaku. Logically, this also means that I'm no futurist. But looking decades ahead, I'm certain that social media will likely play a critical part in how we live.With its two-billion plus user base and investments in multiple technology-based ventures, Facebook (NASDAQ:FB) appears to be the best long-term bet. However, I'm going to go out on a limb and give the nod to Twitter (NYSE:TWTR).A major reason why is the changing nature of fame and stardom. Recently, I had a chance to speak with actress Catherine Bell and her son. Instead of merely asking for a photo, I also requested an autograph. That must have been a throwback moment for them, and in the process, I witnessed a very cool mother-son exchange. * 10 'Buy-and-Hold' Stocks to Own Forever Today, regular folks aren't impressed with autographs. Instead, they expect interactions with their favorite celebrities. I think this dynamic will only grow in magnitude, which is why I like TWTR as one of the longer-term retirement stocks to buy. H&R Block (HRB)Source: Mike Mozart via FlickrFor the longest time, I considered H&R Block (NYSE:HRB) an anomaly. Obviously, most Americans are employees. Furthermore, most of this group are clock-punchers, or those who get paid hourly. Therefore, their tax preparation is straightforward. Even if a young worker had some questions, you learn it once and you'll never forget.With such simplicity, this does not support H&R Block's inclusion among retirement stocks to buy. Even if a clock-puncher acquires assets like real estate, a Schedule A isn't that difficult to complete. Plus, President Trump's tax reforms providing generous standard deductions almost moots Schedule A.So why discuss HRB stock? Because the country's labor force is rapidly shifting toward the gig economy. With automation on the rise, we'll see more independent contractors, not employees. As it stands, an independent contractor's taxes are much more complicated than a typical worker bee's taxes.Therefore, don't neglect HRB among your best stocks to buy for retirement. Alphabet (GOOG, GOOGL)Source: Shutterstock Similar to Square, Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) doesn't typically slot its name among retirement stocks to buy. Its focus is on internet technologies and disrupting old platforms with more efficient digital ones. Plus, it doesn't currently pay a dividend, which attracts criticism for wasting its cash hoard.Perhaps in the future, GOOG stock will become an income-generating investment. But that's not why I'm pegging Alphabet as a long-term bet. Instead, I love its dominant position in the search-engine space. With the internet having quickly matured, I don't expect Google to follow in Netscape's path: Alphabet is too ingrained to give up the No. 1 spot. * 10 Monthly Dividend Stocks to Buy to Pay the Bills But I'm also digging management's drive to expand their revenue sources beyond just digital advertisements. For example, automated-taxi service Waymo is more or less an experiment. But a decade down the line, this could very well be the future of personal transportation. Therefore, I think you can trust GOOG stock for the long haul. Verizon (VZ)Source: Shutterstock In recent months, I've written extensively about telecommunications giant AT&T (NYSE:T). To avoid overplaying the same song, I'm going to switch things up and discuss Verizon (NYSE:VZ). It's an easy switch, though, because the same principles apply.Regarding best stocks to buy for retirement, VZ hits the right notes. Like its rival AT&T, Verizon is an industry behemoth. Most likely, it's not going to give you the crazy returns you'd expect from an upstart tech firm. At the same time, it probably won't leave you devastated during a downturn. Plus, you can bank on that 4.2% dividend yield.But the overriding reason to seek exposure to VZ stock is 5G. The next-gen wireless network will form the backbone of future technologies. In fact, some experts believe that if integrated properly, no need will ever exist for 6G technology.I'd take that forecast with a grain of salt since tech never sleeps. But if it does turn out that way, you'll want exposure to VZ stock (or AT&T) now. Target (TGT)Source: Mike Mozart via Flickr (Modified)With Amazon (NASDAQ:AMZN) and the e-commerce revolution contributing to decaying malls across America, proposing Target (NYSE:TGT) as one of the retirement stocks to buy appears rather strange. TGT is a behemoth of a brick-and-mortar organization. Such business models are on the way out, so why recommend it here?Target has found a brilliant way to remain relevant in the 21st-century economy. All Target stores have one thing in common: massive parking lots. Prior to the rise of electric vehicles, most of these spaces would go unused (save for Black Friday). * 7 Bond ETFs to Buy But with EVs, management recognized an opportunity: install charging stations, allowing shoppers to peruse their stores while charging their vehicles. It's brilliant for many reasons, but I'll list two. First, the charging stations incentivize shoppers to come to the stores. Second, those shoppers will likely spend more time in the stores while they "fill up" their EVs. Kimberly Clark (KMB)Source: Shutterstock Most of the names on this list of retirement stocks to buy have some connection with technology. Of course, this is an inevitability: barring a few exceptions, societies always progress. But despite the push to ever-increasing innovations, some things will always stay the same. That's why I like Kimberly Clark (NYSE:KMB) for those with a very long-term view.Let's take for instance toilet paper. Dr. Kaku once made a remark that in the future, toilets will replace many medical-diagnostic centers. Every day, our toilets collect valuable biological information about us via "number one" and "number two." It's a stunning concept among several that Kaku has envisioned or forecasted.But I'll propose that the way we clean ourselves will still incorporate good ole fashioned paper products. In that sense, KMB stock will never go out of style. And if you don't find that argument convincing, you can always look to its 3.2% dividend yield. Tilray (TLRY)Source: Shutterstock Few, if any, have suggested cannabis firm Tilray (NASDAQ:TLRY) be considered a contender among the best stocks to buy for retirement. For one thing, TLRY stock is incredibly volatile, contrasting sharply with typical retirement investments. The other detracting point is that the marijuana segment is the market's wild west.All of these things are true if you're retiring tomorrow and need consistent income. However, if you're able to accommodate some patience, TLRY stock is a surprisingly viable name. That's because the legalization momentum is not just a matter of individual liberties. Instead, it speaks to the effectiveness of natural therapies, and the indictment of artificial, pharmaceutical concoctions.I've mentioned before about how big pharma played a big role in the current opioid crisis. But recently, professional athletes are pressuring their leagues to adopt cannabis friendly protocols. The issue makes sense: cannabis products like cannabidiol, or CBD, provide pain relief with no known side effects. * 7 Forever Stocks to Buy for Long-Term Gains With so much evidence favoring full marijuana legalization, I think you can trust TLRY stock longer term. Aqua America (WTR)Source: Shutterstock Utility companies often represent some of the best stocks for retirement. Usually, they generate consistent, stable revenues due to their secular demand. After all, when you flip the switch, you expect the light to turn on. As a result, utility companies tend to pay dividends.In that regard, Aqua America (NYSE:WTR) classifies as a traditional retirement-friendly investment. With the exception of 2017, top-line sales have consistently increased in recent years. Furthermore, WTR pays an okay dividend of 2.2%. A bonus is that shares have performed well in the markets.Although they're all good points, that's not the reason why I'm particularly interested in WTR. Rather, water is the most precious commodity that we have. As a water-utility services specialist, Aqua America will likely experience a surge in demand.It really comes down to simple math. Internationally, we're witnessing a rise in per-capita income levels. This dynamic translates to increased resource consumption, most notably water. Once basic supply and demand have their way, I anticipate WTR skyrocketing. Therefore, don't neglect to consider it among your stocks to buy. Uber (UBER)Source: Shutterstock Inarguably, the most controversial name in the markets in the here and now is Uber Technologies (NYSE:UBER). Since its initial public offering, UBER stock has dropped more than 17%. Even before this disastrous introduction, critics blasted the company for its exploitative business practices. And for years, the company has absorbed devastating PR crises.No question, Uber is a risky play, which is why I'm putting this name dead last on my list of stocks to buy. But despite all the noise, the tech firm's core idea is a compelling one: funnel taxi services into a single, centralized platform that crosses all international borders.As I discussed previously, Uber gives me the opportunity to explore regions without having to worry about language or customs. With this platform, I only have to concern myself with one language: money. Give me good service, and you'll get rewarded. Don't and you won't see me or my wallet ever again. This naturally incentives good behavior, even in notoriously brutish countries. * 10 'Buy-and-Hold' Stocks to Own Forever Plus, Uber is more than just ride-sharing. The company is levering its acumen toward other viable channels of the sharing economy. Sure, UBER is risky, but over the long run, I think it's a risk worth taking.As of this writing, Josh Enomoto is long T stock. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks to Buy as the Trade War Reignites * 10 Stocks That Could Squeeze Short Sellers, Including CGC * 5 Tech Stocks Getting Crushed Compare Brokers The post 10 Retirement Stocks That Won't Wilt in a Bear Market appeared first on InvestorPlace.
For 16 years, the Internal Revenue Service has agreed not to offer its free online tax filing service if for-profit online preparers offer a free option instead, but that truce is now on shaky ground after a ProPublica report.
Lawmakers call on two federal agencies to investigate tax software giants for allegedly steering customers away from free government-sponsored tax preparation options. Democratic presidential contenders Bernie Sanders, Elizabeth Warren, Cory Booker and Tim Ryan are among the lawmakers who signed the letters, which were sent to the IRS and the Federal Trade Commission. Recent reports claim that tax preparation companies H&R Bloock and TurboTax creator Intuit have been allegedly adding code to tell Google not to list the free versions of their online tax preparation tools.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! It is not uncommon to see companies perform well in the years after insiders buy shares. On the other h...
New York Gov. Andrew Cuomo called on two state departments to investigate Intuit, H&R Block and other companies that prepare tax returns. Recent media reports allege that the companies hid free tax filing options from Google searches. Intuit and H&R Block are reportedly adding code to tell Google and other search engines not to list the free versions of their online tax filing tools.
A memorial service for Henry Bloch left an overflow crowd inspired to live up to his example. Here are just a few of the memories shared about the H&R; Block co-founder.
Through agreements between the IRS and private sector tax preparation companies like TurboTax, Americans making under $34,000 can prepare and file taxes at no cost. But many of them pay full price.
Construction of the H&R; Block Inc. headquarters helped spark a revival of Downtown while paying homage to the company's history. It's just one example of the company co-founder's role in developing the metro area.
Henry Bloch never studied art, he but came to appreciate it — and its ability to have a positive effect on people's lives.
Our city and our country lost a true giant with the passing of Henry Bloch. My incredible respect for Henry Bloch has many dimensions. Like all Kansas Citians, I am so grateful for his marvelous philanthropic contributions, like the Bloch Building at the Nelson-Atkins Museum of Art and the Henry W. Bloch School of Management at the University of Missouri-Kansas City.
KANSAS CITY, Mo., April 24, 2019 -- H&R Block, Inc. (NYSE: HRB) today released its preliminary U.S. tax results, reflecting an increase in overall tax return volume for the.
Henry Bloch, who helped found tax preparation giant H&R Block, died Tuesday at age 96, the company announced. Bloch died of natural causes at St. Luke's Hospice in Kansas City. Richard Bloch died in 2004.
Henry Bloch's commitment to health care and dedication to local hospitals will not be forgotten.
Henry Bloch's legacy stretches well beyond his philanthropic efforts and role in starting H&R; Block and the Henry W. Bloch School of Management. His wisdom and eagerness to mentor left a lasting mark on area entrepreneurs.
New York Governor Andrew Cuomo is calling on state regulators to look into H&R Block, Intuit and other tax preparers for reportedly hiding a free file page from search engines. CNBC's Dom Chu reports.
Yahoo Finance's Adam Shapiro, Julie Hyman, and Andy Serwer join ProPublica Reporter Justin Elliott to discuss the alleged TurboTax scandal.