There's an old stock market adage: "Sell in May and go away, don't come back till Labor Day." Personally, I don't believe in timing the market, especially on the merits of an anonymous maxim, but today's sell-off certainly didn't do much to disprove the saying. That said, there was some actual news today -- global manufacturing is starting to cool down, U.S. companies are hiring more slowly than anticipated -- that substantiated the drop. By day's end, the Dow Jones Industrial Average (DJINDICES: ^DJI ) had lost 138 points, or 0.9%, to close at 14,700http://www.bloomberg.com/news/2013-05-01/asian-stocks-fall-as-yen-gains-amid-growth-concerns-oil-drops.html.
Walt Disney (NYSE: DIS ) was one of just a handful of blue chips to advance today, adding 0.6%. Although the House of Mouse doesn't report quarterly figures until next Tuesday, the stock was buoyed by good results from several other rival entertainment and broadcasting mainstays. Both CBS and Viacom surprised Wall Street today, and with big media beating expectations, investors grew optimistic for Disney's numbers next week.
Top Asian Stocks To Invest In 2014: Genesis Land Devel Com Npv (GDC.TO)
Genesis Land Development Corp., a real estate development company, together with its subsidiaries, engages in the acquisition, development, subdivision, construction, sale, and leasing of land, residential lots and homes, and commercial properties in Alberta and British Columbia. It operates in four divisions: Land Development, Single-Family Home Building, Multi-Family Home Building, and Commercial Development. The Land Development division principally develops residential lots in the cities of Calgary, Airdrie, Edmonton, and Cochrane, Alberta; and in Prince George, Kamloops, and Radium, British Columbia. The Single-Family Home Building division builds and sells single-family homes. The Multi-Family Home Building division builds town homes and apartment complexes. The Commercial division engages in selling, leasing, and developing commercial, industrial, and office properties. The company was formerly known as Genesis Capital Corp. and changed its name to Genesis Land Deve lopment Corp. in October 1998. Genesis Land Development Corp. was founded in 1997 and is headquartered in Calgary, Canada.
Top Asian Stocks To Invest In 2014: Brazilian Real(BK)
The Bank of New York Mellon Corporation, a financial services company, provides various products and services worldwide. The company offers a range of equity, fixed income, cash, and alternative/overlay products, as well as distributes investment management products. It also provides investment management, wealth and estate planning, and private banking solutions to high-net-worth individuals and families, charitable gift programs, endowments and foundations, and related entities, as well as offers mutual funds, separate accounts, and annuities. In addition, the company provides global custody and fund, securities lending, investment manager outsourcing, performance and risk analytics, alternative investment, securities clearance, collateral management, corporate trust, broker-dealer, and employee investment plan services, as well as clearing services and global payment/working capital solutions to institutional clients. Further, it offers American and global depositary re ceipt programs, cash management solutions, payment services, liquidity services, foreign exchange, global clearing and execution, managed account services, and global prime brokerage solutions to corporations, public funds, government agencies, foundations, and endowments; global financial institutions, including banks, broker-dealers, asset managers, insurance companies and central banks; and financial intermediaries, independent registered investment advisors, and hedge fund managers. Additionally, the company provides credit-related services, and global markets and institutional banking services; engages in business exits, and corporate treasury activities; and leases financing portfolios. The Bank of New York Mellon Corporation was founded in 1784 and is headquartered in New York, New York.
Advisors' Opinion:- [By Elissa]
The Bank of New York Mellon was formed by a merger in 2007 and serves many institutions, corporations and wealthy individuals across the country. With assets equivalent to $325 billion, the company focuses on asset and wealth management for its customers.
Top Gold Stocks To Invest In Right Now: Medley Capital Corporation (MCC)
Medley Capital Corporation is a business development company. The fund seeks to invest in privately negotiated debt and equity securities of small and middle market companies. It targets private debt transactions ranging in size from $10 million to $50 million to borrowers principally located in North America. It structures its investments as first lien senior secured loans, second lien senior secured loans, senior secured notes, senior subordinated notes, unitranche loans, and seeks warrants or other equity participation. The fund may take a board seat on its investee companies and exits its investments between three years and seven years.
Top Asian Stocks To Invest In 2014: Olam International Limited (O32.SI)
Olam International Limited engages in sourcing, processing, packaging, merchandising, and exporting agricultural products. The company operates in five segments: Edible Nuts, Spices and Beans; Confectionery and Beverage Ingredients; Industrial Raw Materials; Food Staples and Packaged Foods; and Commodity Financial Services. The Edible Nuts, Spices and Beans segment offers cashews, peanuts, almonds, hazelnuts, spices and vegetable ingredients, sesame, dehydrated vegetables, tomatoes, and specialty vegetables, as well as beans comprising pulses, lentils, and peas. The Confectionery and Beverage Ingredients segment provides cocoa, coffee, and shea nuts. The Industrial Raw Materials segment offers cotton, wool, wood products, and rubber products, as well as agri inputs, such as fertilizers. This segment is also involved in the development of a special economic zone project. The Food Staples and Packaged Foods segment provides rice, sugar and natural sweeteners, palm and dairy products, and packaged foods, as well as grains, including wheat, barley, and corn. The Commodity Financial Services segment offers market making and volatility trading, risk management solutions, and commodity funds management services. The company serves various customers worldwide. Olam International Limited was founded in 1989 and is headquartered in Singapore.
Top Asian Stocks To Invest In 2014: The Medicines Company(MDCO)
The Medicines Company, a pharmaceutical company, provides various medicines to hospitals for advancing the treatment of critical care patients worldwide. The company markets Angiomax, an intravenous direct thrombin inhibitor for use as an anticoagulant in combination with aspirin in patients with unstable angina undergoing percutaneous transluminal coronary angioplasty and for use in patients undergoing percutaneous coronary intervention; and Cleviprex, an intravenous small molecule calcium channel blocker for the reduction of blood pressure, as well as to treat neurocritical care and cardiac surgery patients. Its products under development include Cangrelor that is in Phase III clinical trial acts as an intravenous small molecule antiplatelet agent to prevent platelet activation and aggregation; and Oritavancin, which is in Phase III clinical trial acts as an investigational intravenous antibiotic for the treatment of serious gram-positive bacterial infections, including acute bacterial skin and skin structure infections. The company?s products under development also comprise MDCO-157, a pre-registration stage product for platelet inhibition in patients suffering from acute coronary syndrome (ACS), and patients experiencing myocardial infarction, stroke, or peripheral arterial disease; MDCO-2010, a small molecule serine protease inhibitor that is in Phase II clinical trial used for the reduction of blood loss during surgery; and MDCO-216, which is in Phase I clinical trial used for the reversal of atherosclerotic plaque development and the reduction of the risk of coronary events in patients with ACS. Its products also consist of Argatroban, a direct thrombin inhibitor used as anticoagulant for prophylaxis or for the treatment of thrombosis; and acute care generic products. The Medicines Company was founded in 1996 and is based in Parsippany, New Jersey.
Top Asian Stocks To Invest In 2014: First Advantage Bancorp(FABK)
First Advantage Bancorp operates as the holding company for First Federal Savings Bank that provides various financial services to individuals and businesses in Tennessee. The company offers various deposit products comprising non-interest-bearing demand deposits, such as checking accounts; interest-bearing demand accounts, including NOW and money market accounts; regular savings accounts; and certificates of deposit. Its loan portfolio include real estate mortgage loans, including one-to-four family residential loans and nonresidential real estate loans; construction loans for one-to-four family homes, commercial, multi-family, and other nonresidential purposes; land loans for developing vacant land; consumer loans consisting primarily of home equity loans; and commercial business loans secured by equipment, inventory, or accounts receivable to small businesses. As of June 10, 2010, the company operated five full-service offices in Montgomery County. First Advantage Banco rp was founded in 1953 and is headquartered in Clarksville, Tennessee.
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