Are MLPs and REITs Becoming Bargains As Investors Worry Too Much About the Fiscal Cliff?

RELATED QUOTES

SymbolPriceChange
WMT72.12+1.39
DLTR78.93+1.57
NTAP35.82+1.09
PLCE79.87+0.54

Stocks continue to struggle with the fiscal cliff looming. Meanwhile, income-oriented groups such as MLPs, BDCs, and mortgage REITs have been particularly hit hard after the election due to fears about what legislation might come out of Washington. For MLPs and BDCs, there is a fear that there will be changes in the tax code on pass-through entities. For agency mortgage REITs, it's the worry of extreme government policies in the mortgage sector that will lead to increased refinancing. We think the fears are overblown, and view these areas as some of the best bargains on Wall Street right now.

The Real Estate Development Stocks Index was the top performing tickerspy Index on the day, led by Bluegreen (BXG) with a 56% gain. The Dry Bulk Shipping Stocks Index was the day's worst performing tickerspy Index, with Safe Bulkers (SB) down -25%.

Stocks fell on the day, with the Dow closing -29 points lower to 12,542. The S&P fell -2 points to 1,353, while the Nasdaq sank -10 points to 2,8837. Oil fell -87 cents to $85.45 a barrel, while gold dipped -$16.30 to $1713.80 an ounce.

In economic news, initial claims for jobless benefits rose by 78,000 to 493,000 last week. Economists had expected a reading of 375,000 claims. The Labor Department, meanwhile, said October's reading of the consumer price index climbed 0.1%, while core CPI, which excludes food and energy, rose 0.2%. Economists were looking for a 0.1% increase for both. Elsewhere, the Federal Reserve Bank of New York said general business conditions for the region rose to -5.2 in November from -6.2 in October. Economists had expected a November reading of -5.0.

In earnings news, shares of Wal-Mart (WMT), the world's largest retailer, fell -3.6% after the company said it expects a fourth-quarter profit of $1.53-$1.58 per share. Analysts were expecting $1.59. For the full-year, Wal-Mart expects to earn $4.88-$4.93 a share. That is up from previous guidance of $4.83-$4.93. Wal-Mart posted a fiscal third-quarter profit of $3.63 billion, or $1.08 per share, compared with $3.33 billion, or 96 cents per share, a year earlier. Net sales rose 3% to $113.2 billion, while same-store sales rose 1.5%. Analysts had expected a profit of $1.07 per share on revenue of $114 billion.

Dollar Tree (DLTR) shares jumped 5.1% after the dollar store operator said it expects to earn 97 cents to $1.02 per share on sales of $2.20-$2.26 billion in the current quarter. Analysts were expecting EPS of 97 cents. Dollar Tree posted a fiscal third-quarter profit of $155.4 million, or 68 cents per share, compared with $104.5 million, or 43 cents per share, a year earlier. On an adjusted basis, the company earned 51 cents per share. Sales rose 8% to $1.72 billion, while same-store sales increased 1.6%. Analysts had expected a profit of 49 cents with a same-store sales increase of 2.4%. Twenty-three pros held Dollar Tree in their portfolios at the end of Q3 and nearly 230 tickerspy members own the stock in their portfolios.

Shares of data storage provider NetApp (NTAP) soared 11.4% after the company forecast a fiscal third-quarter profit of 53-58 cents per share on revenue of $1.58-$1.68 billion. Analysts were expecting a profit of 54 cents per share and revenue of $1.61 billion on average. The company said its fiscal second-quarter profit fell to $109.6 million, or 30 cents per share, from $165.6 million, or 44 cents per share, a year earlier. On an adjusted basis, NetApp earned 51 cents. Revenue rose 2% to $1.54 billion. Analysts had expected EPS of 48 cents per share and $1.54 billion in revenue.

The Children's Place (PLCE) shares slid -14.2% after the youth apparel retailer forecast a fiscal fourth-quarter profit of $1.01-$1.06 per share. Analysts were expecting net income of $1.24 per share. The Children's Place also lowered its full-year earnings outlook to $3.10-$3.15 from $3.20-$3.30 a share. Analysts were expecting EPS of $3.31. The company said its fiscal third-quarter profit rose to $35.0 million, or $1.44 per share, from $33.7 million, or $1.33 per share, a year earlier. On an adjusted basis, the company earned $1.60 a share. Revenue rose to $500.9 million from $484.1 million. Analysts had expected a profit of $1.60 on sales of $502.2 million. Two pros counted The Children's Place among their top holdings at the end of Q3 and more than 50 tickerspy members own the stock in their portfolios.

Fun and informative, tickerspy.com is a free investing website where you can track multiple stock portfolios and compare against 250 proprietary Indexes tracking themes from dividends to ETFs to green energy to precious metals. Best of all, tickerspy.com lets you spy on the portfolios of nearly 3,000 Wall Street institutions and hedge funds and see graphs of their performance. Try tickerspy.com today and find out how you stack up against investing legends like Warren Buffett!

--

Get stories like this on the Yahoo app and discover more every day.
Download it now.
Loading...
  • China manufacturing activity expands slightly in September - official PMI Reuters - 21 minutes ago

    BEIJING (Reuters) - Activity in China's manufacturing sector expanded slightly in September, an official survey showed on Saturday. The official Purchasing Managers' Index (CNPMIB=ECI) (PMI) stood at 50.4 ... … More »

  • China Factory Gauge Signals Economic Stabilization Still Intact Bloomberg - 40 minutes ago

    "Thanks to heavy fiscal stimulus through SOE investments, production related to infrastructure projects and the enlarging current account surplus, GDP growth could edge up to 6.9 percent in Q3 and Q4, bringing the annual figure to 6.8 percent," … More »

  • Glencore's former No. 2 aluminium trader buys bankrupt U.S. smelter Reuters - 41 minutes ago

    Noranda Aluminium Holding Corp (NORNQ.PK) said on Friday it sold its 263,000 tonne-per-year New Madrid primary aluminium smelter in Missouri to ARG for $13.7 million in a court-approved auction. Noranda filed for bankruptcy in February after … More »

  • Expats guide to personal finance in Singapore
    Expats guide to personal finance in Singapore ZUU online - 1 hour 53 minutes ago

    Singapore remains an attractive location for expats due to its English-speaking culture, world-cl... … More »

  • NTSB has yet to interview injured engineer in deadly crash
    NTSB has yet to interview injured engineer in deadly crash Associated Press - 2 hours 4 minutes ago

    National Transportation Safety Board investigators held off questioning the engineer in the deadly Hoboken train crash because of his injuries Friday and struggled to lift clues from the train's black ... … More »

  • The Latest: Investigators say train crew 'very cooperative'
    The Latest: Investigators say train crew 'very cooperative' Associated Press - 2 hours 11 minutes ago

    The Latest on a commuter train that crashed into a station in New Jersey, killing one person and injuring more than 100 others (all times local): 7:20 p.m. The National Transportation Safety Board says ... … More »

  • PM May orders employment law review as labour market changes
    PM May orders employment law review as labour market changes Reuters - 2 hours 18 minutes ago

    British Prime Minister Theresa May ordered a review of employment practices on Saturday, saying she wanted to ensure workers' rights were protected under changing business models and a growing trend towards flexible or self-employment. The review … More »

  • Hammond says Brexit deal should not harm economy - Telegraph
    Hammond says Brexit deal should not harm economy - Telegraph Reuters - 2 hours 22 minutes ago

    British controls on immigration following the country's referendum decision to leave the European Union must not be damaging for the economy, finance minister Philip Hammond was quoted as saying in the Daily Telegraph story on Friday. Hammond told … More »

  • China's yuan joins elite club of IMF reserve currencies Reuters - 2 hours 30 minutes ago

    China's yuan joins the International Monetary Fund's basket of reserve currencies on Saturday in a milestone for the government's campaign for recognition as a global economic power. It is the first time that a currency has been added to sit … More »

  • Stocks rebound in Deutsche Bank-led volatile trading
    Stocks rebound in Deutsche Bank-led volatile trading AFP News - 2 hours 39 minutes ago

    US and eurozone shares pushed higher Friday in volatile trade driven by Deutsche Bank's negotiations to settle US charges over its sale of toxic mortgage bonds before the financial crisis. News that Deutsche Bank was close to a much lower … More »

  • Accounting software maker BlackLine files for IPO Reuters - 2 hours 54 minutes ago

    Los Angeles-based BlackLine, founded in 2001 by Chief Executive Therese Tucker, counts Coca-Cola Co (KO.N), Under Armour (UA.N) and Dow Chemical Co (DOW.N) among its 1,500 customers. Reuters reported last week that the company was preparing for an … More »

  • Florida Lottery plans major expansion under huge new deal Associated Press - 3 hours ago

    The Florida Lottery — which just registered more than $6 billion in annual sales — is in line for a large expansion due to a massive new contract that state officials signed this month. Lottery officials, ... … More »

  • Deutsche Bank pressure eases as US fine looks smaller
    Deutsche Bank pressure eases as US fine looks smaller AFP News - 3 hours ago

    Heavy market pressure on Deutsche Bank eased Friday as a knowledgeable source told AFP the US fine over toxic debt it sold would be only $5.4 billion, not the $14 billion originally demanded. A person familiar with the talks between Deutsche Bank … More »

  • A Deutsche Bank settlement overshadows U.S. equities
    A Deutsche Bank settlement overshadows U.S. equities Reuters - 3 hours ago

    Deutsche Bank will likely cast a pall over equity markets next week as the largest German lender navigates a possible multi-billion dollar settlement with the U.S. Department of Justice over the sale of mortgage-backed bonds. Deutsche shares traded … More »

  • A Yahoo insider believes the hackers could really have stolen over 1 billion accounts
    A Yahoo insider believes the hackers could really have stolen over 1 billion accounts Business Insider - 3 hours ago

    REUTERS/Ruben Sprich Yahoo CEO Marissa Mayer The actual … Continued The post A Yahoo insider believes the hackers could really have stolen over 1 billion accounts appeared first on Business Insider. … More »

  • IMF leader cites 'historic milestone' for China
    IMF leader cites 'historic milestone' for China Associated Press - 3 hours ago

    Christine Lagarde, the managing director of the International Monetary Fund, is calling the inclusion of China's renminbi as the fifth currency in an elite group of the world's reserve currencies an "important ... … More »

  • Chinese yuan set to join IMF's elite currency basket
    Chinese yuan set to join IMF's elite currency basket AFP News - 3 hours ago

    China's yuan is poised to enter the International Monetary Fund's elite SDR basket of currencies, elevating Beijing's banknotes into a family long exclusive to global reserve assets. A symbolic coup for policymakers in Beijing, the move represents … More »

  • Business Highlights Associated Press - 3 hours ago

    ___ Malls, stores consider new ways to protect shoppers More sophisticated cameras. Security robots. Customers feeling shaken by recent attacks at U.S. malls may not notice huge changes — but mall operators ... … More »

  • The only executive to hold a high-ranking position at both Uber and Lyft is leaving Uber
    The only executive to hold a high-ranking position at both Uber and Lyft is leaving Uber Business Insider - 3 hours ago

    Uber Uber’s VP of Driver Growth, Travis VanderZanden, … Continued The post The only executive to hold a high-ranking position at both Uber and Lyft is leaving Uber appeared first on Business Insider. … More »

  • Trump vs Miss Universe: White House race hits new low
    Trump vs Miss Universe: White House race hits new low AFP News - 4 hours ago

    Donald Trump urged voters on Friday to check out the supposed "sex tape" of a former Miss Universe backing his rival Hillary Clinton, provoking the Democrat to label him "unhinged" in a surreal new turn to the White House race. In a pre-dawn … More »

  • Data storage provider Nutanix soars in market debut
    Data storage provider Nutanix soars in market debut Reuters - 4 hours ago

    After getting strong encouragement from investors, the company kept nudging up the asking price for shares from the $11 to $13 range set early last week, co-founder and Chief Executive Officer Dheeraj Pandey said in an interview on Friday. … More »

  • Municipal-bond week in review: Yields sag then finish strong Associated Press - 4 hours ago

    Yields on municipal and Treasury bonds sagged this week on concerns about the health of Germany's largest bank, before retracing their steps on Friday. The 10-year yield on the AP Municipal Bond index ... … More »

  • Nutanix exceeds expectations in upsized IPO Reuters - 4 hours ago

    San Jose, California-based Nutanix's share price exceeds the $13.40 value last placed on its shares in a 2014 funding round, an upgrade encouraging for the many unprofitable technology companies that, like Nutanix, have been weary of testing public … More »

  • US stocks rally on Deutsche Bank deal AFP - 4 hours ago

    US stocks rose strongly Friday as financial shares surged on news that Deutsche Bank was near a settlement with US regulators over its sale of toxic mortgage bonds before the financial crisis. US-traded ... … More »

  • How the Dow Jones industrial average fared on Friday Associated Press - 4 hours ago

    U.S. stocks climbed Friday as banks made a rapid recovery following a steep fall a day ago. Investors hoped Deutsche Bank and the financial system in general were in better shape than they had feared. ... … More »

 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.152-0.008-5.00%
    N21.SI
    0.12+0.01+12.15%
    40F.SI
    0.115+0.003+2.68%
    40E.SI
    0.113+0.007+6.60%
    43E.SI
    3.97-0.05-1.24%
    Z74.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.186+0.025+15.53%
    AWS.SI
    0.12+0.01+12.15%
    40F.SI
    0.164+0.016+10.81%
    40N.SI
    1.35+0.11+8.43%
    U19.SI
    0.475+0.035+7.95%
    NC2.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.36-0.24-40.00%
    AWG.SI
    0.20-0.06-23.08%
    AWI.SI
    0.27-0.03-11.48%
    BQO.SI
    0.30-0.03-9.09%
    5VP.SI
    0.265-0.025-8.62%
    BKA.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3618-0.0022-0.16%
    USDSGD=X
    1.5296-0.0004-0.03%
    EURSGD=X
    1.7640-0.0041-0.23%
    GBPSGD=X
    74.1220+0.051+0.07%
    SGDJPY=X
    5.6879+0.0039+0.07%
    SGDHKD=X
    3.0355+0.0126+0.42%
    SGDMYR=X
    9,608.6318+65.9189+0.69%
    SGDIDR=X
    4.8930+0.006+0.12%
    SGDCNY=X
    1.0421+0.0012+0.12%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,318.80-7.20-0.54%
    GCZ16.CMX
    19.25+0.06+0.30%
    SIZ16.CMX
    94.00-1.01-1.06%
    ^XAU
    2.21+0.02+1.07%
    HGZ16.CMX
    43.85+0.41+0.94%
    CLV16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.16+0.04
    ^FVX
    1.61+0.05
    ^TNX
    2.34+0.06
    ^TYX