After taking early losses yesterday, Bank of America (NYSE: BAC ) and its compatriots largely recovered by the end of the day. Markets are still down this morning, with the bank following suit at a 0.6% decline at 10 a.m. EDT. Though there may still be some concerns about the overall market and international economies, some news closer to home may help the bank rise later in trading.
A look around the sector
Bank of America isn't the only one seeing red this morning, as its closest competitors continue to struggle toward breakeven as well:
International concerns
As we saw yesterday, the sudden drop in the Japanese markets took a toll on the banks early on, but they mostly recovered by the end of the day. Bank of America only derives 4% of its revenue from the Asian markets, so yesterday's news shouldn't have any long-term effects on the bank's performance. Likewise for JPMorgan, which gets 6% of its revenue from the region. The largest concern in the banking sector was for Citigroup, which produces 18%-20% of its revenue from Asian markets.
Top 10 Sliver Stocks To Own For 2015: NeoPhotonics Corp (NPTN)
NeoPhotonics Corporation, incorporated on October 31, 1996, is a designer and manufacturer of photonic integrated circuit (PIC)-based modules and subsystems for bandwidth-intensive, high-speed communications networks. The Company has a portfolio of over 300 products, including products that enable data transmission at 10 gigabytes per second, 40 gigabytes per second and 100 gigabytes per second, agility products, such as reconfigurable optical add/drop multiplexers (ROADMs) that allocate bandwidth to adjust for volatile traffic patterns, and access products that provide high-bandwidth connections to more devices and people over fixed and wireless networks. In October 2011, the Company acquired Santur Corporation. In June 2013, it announced first shipments of optical transceiver modules out of its new, high capacity factory in Dongguan, Guangdong Province, China.
The Company�� products are categorized in 34 product families. The Company sells its products to the network equipment vendors globally, including ADVA AG Optical Networking Ltd., Alcatel-Lucent SA, Ciena Corporation (including its recent acquisition of Nortel�� Metro Ethernet Networks business), Cisco Systems, Inc., FiberHome Technologies Group, ECI Telecom Ltd., Telefonaktiebolaget LM Ericsson, Fujitsu Limited, Harmonic, Inc., Huawei Technologies Co., Ltd., Mitsubishi Electric Corporation, NEC Corporation, Nokia Siemens Networks B.V. and ZTE Corporation.
The Company competes with Finisar Corporation, JDS Uniphase Corporation, MRV Communications, Inc., NTT Electronics Corporation and Sumitomo Electric Device Innovations, Inc.
Advisors' Opinion:- [By Anders Bylund]
Close competitor NeoPhotonics (NYSE: NPTN ) soared 15% higher. Larger rival JDS Uniphase (NASDAQ: JDSU ) jumped 7.9% to become the fastest gainer on the S&P 500. If Ciena can beat its own expectations in selling Internet backbone equipment to a bevy of major telecoms, its chief rivals must eventually follow suit. JDS is only one month removed from its latest quarterly report, which sent shares diving 7% overnight (but all was forgiven a week later). NeoPhotonics also reported in early May, but didn't make any waves then.
Top Integrated Utility Stocks To Watch Right Now: Ishares Trust Dow Jones Select Dividend (DVY)
iShares Dow Jones Select Dividend Index Fund (the Fund) seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Dividend Index (the Index). The Index measures the performance of a selected group of equity securities issued by companies that have provided relatively high dividend yields on a consistent basis over time. The Index stocks are screened by dividend-per-share growth rate, dividend payout percentage and average daily dollar trading volume, and are selected based on dividend yield.
The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts) in the Dow Jones U.S. Total Market Index, an index representative of the total market for United States equity securities. To be included in the Index, the securities must have had a flat to positive dividend-per-share growth rate for each of the last five years; must have an average five-year dividend payout ratio of 60% or less, and must have a minimum three-month average trading volume of 200,000 shares a day. The Index is reconstituted annually. The Fund uses a representative sampling strategy in seeking to track the Index. The Fund�� investment advisor is Barclays Global Fund Advisors.
Advisors' Opinion:- [By Jim Powell]
At the minimum, your family trust should hold the iShares Dow Jones Select Dividend Index (DVY). I also think you should consider the iShares International Select Dividend Fund (IDV) that invests in foreign companies with good payment histories.
Top Integrated Utility Stocks To Watch Right Now: Neutra Corp (NTRR)
Neutra Corp. incorporated on January 11, 2011, is a development-stage company. The Company�� business and registered office is located in Sarasota, Florida. The Company�� intended private label products consists of aging, cognitive support, antioxidants/flavonoids, circulatory support, detoxification support, endocrine support, essential fatty acids, gastrointestinal support, immune support, men�� health, minerals, mood/sleep support, multiples, musculoskeletal support, neurological support, proteins/amino acids, vitamins, women�� health and veterinary products. The Company�� product focuses to research and development in a range of areas, such as weight-loss, detox, men�� health, acid-alkali pH balance, anti-aging, sleep disorders, autism, pain management with the use of medical cannabis products, and air space sanitation derived by nutraceutical technology.
The Company focuses to market and sell nutraceutical supplement products to health practitioners. It focuses direct marketing and sales towards Members of the American Association for Health Freedom (American Association for Health Freedom has merged with Alliance for Natural Health) www.anh-usa.org; American Association of Naturopathic Physicians, www.naturopathic.org; American Association of Oriental Medicine, www.aaom.org, and American College for Advancement in Medicine, www.acamnet.org. It also focuses direct marketing and sales towards American Holistic Medical Association, www.holisticmedicine.org; American Dietetic Association, www.eatright.org, and American Herbalist Guild, www.americanherbalistsguild.com.
The Company competes with Thone Research, The Vitamin Company, Nutraceutical International Corporation, Protocol For Life, Medagenics and Standard Process.
Advisors' Opinion:- [By CRWE]
Today, NTRR surged (+19.45%) up +0.068 at $.420 with 22,114 shares in play thus far (ref. google finance Delayed: 11:17AM EDT July 11, 2013).
As Neutra Corp. works to deliver new innovations to the U.S. medical marijuana industry, the market for those innovations continues to grow. Last week, lawmakers passed a bill to make New Hampshire the 19th state to approve medical marijuana (MMJ) prescriptions for patients with chronic or terminal illnesses.
The legislation will make New Hampshire the 19th state to legalize MMJ, in addition to the District of Columbia. Five more states have legislation pending to legalize prescriptions, according to ProCon.org.
- [By CRWE]
Today, NTRR has shed (-5.26%) down -0.020 at $.360 with 14,150 shares in play thus far (ref. google finance Delayed: 10:46AM EDT July 3, 2013), but don�� let this get you down.
Neutra Corp. through a key new partnership with an innovative cannabis delivery systems provider in the medical marijuana industry, is poised to make an impact in the lucrative $52 billion pain management market.
With partner Field of View Technologies, LLC, exploring new technology in cannabis delivery systems, NTRR is ready to provide much-needed smokeless delivery systems to those most in need: patients forced to live with debilitating pain.
A recent study by Columbia University found that smoke-free cannabinoid medication was effective in treating pain. Smokeless delivery systems can be administered orally, by injection or topically, giving the patient the choice of treatment method as NTRR and Field of View set the pace in the potentially lucrative pain management market.
Top Integrated Utility Stocks To Watch Right Now: Uomo Media Inc (UOMO)
UOMO Media Inc., incorporated on June 10, 2004, is in the business of producing, managing, and monetizing music-based intellectual property. The Company provides music publishing, digital music and video, recorded music and production, and talent management services. The Company operates in four divisions: music publishing, recorded music, digital distribution and talent management. The Company has two subsidiaries in Canada, UOMO Productions Inc. and UOMO Music Publishing Inc. In addition, The NE Inc. is a wholly owned subsidiary of UOMO Productions Inc. and UOMO Songs Ltd. is a wholly owned subsidiary of UOMO Music Publishing Inc. As of April 30, 2009, the Company had 22 production customers. The Company�� customers include VideoFact and Universal Music. As of April 30, 2009, the Company was in the development stage.
In the music publishing segment, UOMO Music Publishing Inc. is tasked with creating a catalogue of assets in the form of copyrights. Services include Fund advances, which includes providing advances to individual composers; Administration, which includes registration, tracking, and collection of copyright royalties; Creative, which includes creating copyrights by writing songs, and Licensing, which includes finding opportunities to monetize copyrights by placing songs on recording artists, films, television, video games, commercials.
In the recorded music segment, the Company earns revenue from the ownership of master recordings. UOMO Recorded Music has three functions: catalogue acquisition, talent acquisition for/and production activities and distribution arrangements for projects. UOMO Recorded Music is the record label division of UOMO. Production services also fall under this division.
In the digital distribution segment, the Company has been developing digital music and video Web 2.0 software. In the talent management segment, the Company earns a percentage of gross revenues for all projects it manages. As of April 30, 2009, the Company ! was in the process of developing programming architecture for the new digital music and video portal.
The Company competes with Warner Music Group, EMI, Sony BMG, and Universal Music Group.
Advisors' Opinion:- [By Peter Graham]
Small cap media stocks UOMO Media Inc (OTCMKTS: UOMO), International Display Advertising (OTCMKTS: IDAD) and Media Analytics Corp (OTCBB: MEDA) have been getting some extra media attention lately thanks in part to paid promotions. It should be said that there is nothing wrong with properly disclosed paid promotional or investor relation campaigns for stocks, but they can backfire on unwary investors and traders alike. With that in mind, here is a closer look at along with a reality check for these three small cap media stocks:
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