RBC Capital

Wells Fargo (NYSE:WFC), AIG (NYSE:AIG) Drag Financials Down

Filed in AIG, Gold Bullion prices, Keycorp, o, RBC Capital, silver, Wells Fargo by on February 9, 2011 0 Comments

The overall financial sector in the U.S. is under downward pressure, dragged down by Wells Fargo (NYSE:WFC) and AIG (NYSE:AIG).Wells Fargo fell on the abrupt news Chief Financial Officer Howard Atkins was retiring for personal reasons. Atkins had been indispensable over the last several years to the company, and his leaving is a real blow to Wells.AIG dropped after the company announced it was

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McDonald’s Upgraded to “Outperform” at RBC Capital (MCD)

Fast food superpower McDonald’s Corporation ( MCD ) on Tuesday caught an upgrade from analysts at RBC Capital Markets on a valuation call. The firm said it upgraded MCD from “Sector Perform” to “Outperform,” noting the company is a good way to play rising inflation. RBC Capital also set an $85 price target from MCD, which implies a 15% upside to the stock’s Friday closing price of $74.06. McDonald’s shares rose 74 cents, or +1%, in premarket trading Tuesday. The Bottom Line We have been recommending shares of McDonald’s ( MCD ) since Aug.12, 2009, when the stock was trading at $56.02. The company has a 3.29% dividend yield, based on last night’s closing stock price of $74.06. McDonald’s Corporation ( MCD ) is a “Recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.6 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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ADP Surprises to the Upside

Filed in BP, economy, Gold, Gold Market, Gold Prices, housing-market, o, RBC Capital by on January 5, 2011 0 Comments
ADP Surprises to the Upside

Here’s one for the bulls. ADP has surprised to the upside this morning. Are happy days here again? Only time will tell. Either way, more jobs beats fewer jobs any day of the week. From Reuters by Jonathan Spicer entitled: Surprise Jobs surge boost economic outlook “A surprise surge in private-sector employment last month to its highest level on record provided the most bullish signal in months that the economy is slowly mending. Private employers added 297,000 jobs in December, triple the median estimate by economists and up from the gain of 92,000 in November, an ADP Employer Services report showed on Wednesday. “You cannot ignore the strength of this report,” Tom Porcelli, a U.S. economist at RBC Capital Markets. “With small business now beginning to start to ramp up hiring, it’s safe to feel better about the labor backdrop.” Adding to the rosy picture, the number of planned layoffs at U.S. firms fell last month to the lowest level in 10 years, according to a report by consultants Challenger, Gray & Christmas Inc. The ADP figures came ahead of the government’s much more comprehensive labor market report due on Friday, which will include both public and private sector employment. That report is expected to show a rise in overall nonfarm payrolls of 140,000 in December, based on a recent Reuters poll of analysts, but a rise in private payrolls of 145,000. Economists often use the ADP report to fine-tune their forecasts for the payrolls numbers, though it is not always accurate in predicting the outcome.” All eyes have now shifted to the Friday BLS number…. Related Articles: The Top 25 Financial Stories of 2010 2011 Housing Market Forecast Case-Shiller Index Screams Housing Double Dip Zandi: Expect 8% Home Price Declines To learn more about Wealth Daily click here Advertisement This Metal Humiliates Gold It took gold prices an entire decade to make investors 387%. … But experts believe that this little-known metal could hand you more than four times your money in the next couple of months! Click here to find out how. ADP Surprises to the Upside originally appeared in Wealth Daily . Wealth Daily is a free daily newsletter featuring contrarian investment insights and commentary.

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Boeing’s Price Target Lowered at RBC Capital (BA)

Filed in boeing, dividend, Gold Investing, lead, o, RBC Capital, shares, target by on November 29, 2010 0 Comments

Aircraft maker The Boeing Company ( BA ) on Monday saw its price target cut by analysts at RBC Capital. The firm said it lowered its price target for BA to $78, which still represents an expected 20% upside to the stock’s Friday closing price of $64.80. RBC Capital also maintained its “Overweight” rating on the stock, but noted the announced design change to the power system of its new 787 Drealiner aircraft will lead to even more delays. Boeing shares fell 32 cents, or -0.5%, in premarket trading Monday. The Bottom Line Shares of Boeing ( BA ) have a 2.59% dividend yield, based on Friday’s closing stock price of $64.80. The stock has technical support in the $60 price area. If the shares can firm up, we see overhead resistance around the $71-$73 price levels. The Boeing Company ( BA ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Is Newmont Mining (NYSE:NEM) Considered Weaker Than it Really is?

It seems Newmont Mining (NYSE:NEM) executives did more harm than good for the company in their quarterly report and comments afterwards. If they had kept to the data and how it would play out they would have been okay.But as many have pointed out, especially with their CEO commenting on CNBC that gold was “an asset bubble,” didn’t help the company at all.A couple of things were revealed on the

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