What's more powerful than a speeding locomotive? The answer is the stock market -- when the Federal Reserve promises to keep pumping free money into the economy!
On top of calming commentary by Fed chairman Ben Bernanke, better-than-expected earnings reports continued to fuel the broad-based S&P 500 (SNPINDEX: ^GSPC ) higher. Financials have been the big driving force thus far in earnings season, with Bank of America�crushing estimates yesterday, and Morgan Stanley (NYSE: MS ) following suit today. The No. 2 investment bank in the U.S., Morgan Stanley, delivered a 42% increase in total profits fueled by a ridiculous 83% surge in wealth management income. As long as the backbone of our economy (i.e., the financial sector) remains strong, this rally could have legs.
Best Financial Companies To Buy Right Now: Digital Realty Trust Inc.(DLR)
Digital Realty Trust, Inc., a real estate investment trust (REIT), through its controlling interest in Digital Realty Trust, L.P., engages in the ownership, acquisition, development, redevelopment, and management of technology-related real estate. It focuses on strategically located properties containing applications and operations critical to the day-to-day operations of technology industry tenants and corporate enterprise datacenter users, including the information technology departments of Fortune 1000 companies, and financial services companies. The company?s property portfolio consists of Internet gateway properties, corporate datacenter properties, technology manufacturing properties, and regional or national offices of technology companies. As of December 31, 2008, Digital Realty?s portfolio consisted of 75 properties, including 62 located in North America and 13 located in Europe. Digital Realty Trust has elected to be treated as a REIT for federal income tax purpo ses and would not be subject to income tax, if it distributes at least 90% of its REIT taxable income to its stockholders. The company was founded in 2004 and is headquartered in San Francisco, California with additional offices in Boston, Chicago, Dallas, Los Angeles, New York, Northern Virginia, and Phoenix, as well as in Dublin, London, and Paris.
Advisors' Opinion:- [By Squeeze Ideas]
REIT. Market cap of $5.26B. Short float at 21.8% (equivalent to 13.46 days of average volume).
Net Income grew by 44.4% ($35.22M vs. $24.39M y/y), while Operating Cash Flow grew by 44.54% ($147.78M vs. $102.24M y/y) (comparing 3 months ending 2010-12-31 vs. 3 months ending 2009-12-31).
Other Highlights: The company has a track record of outperforming its competitors. Over the last five years, EPS grew by 22.16%, higher than the industry average at 3.11%, while revenues grew by 33.07%, outperforming the industry average at 7.41%.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Best Financial Companies To Buy Right Now: Harleysville Savings Bank(HARL)
Harleysville Savings Financial Corporation operates as the holding company for Harleysville Savings Bank that provides various banking products and services primarily in southeastern Pennsylvania. The company accepts various deposit products that include passbook and club savings accounts, NOW and regular checking accounts, money market deposit accounts, retirement accounts, certificates of deposit, and jumbo certificates of deposit. Its loan portfolio comprises loans secured by first mortgages on single-family residential properties; loans on residential properties, including loans on multi-family residential properties, construction loans, and lot loans on such properties; commercial real estate and commercial business loans; home equity lines, including installment home equity loans and home equity lines of credit; and consumer loans, such as automobile loans, loans on savings accounts, and education loans. Harleysville also provides remote ATM locations, the Internet, and telephone banking services. It operates six full-service offices located in Montgomery County and one office located in Bucks County, Pennsylvania. The company was founded in 1915 and is headquartered in Harleysville, Pennsylvania.
Best Oil Stocks To Own Right Now: Gulf & Pacific Equities Corp. (GUF.V)
Gulf & Pacific Equities Corp. invests in commercial real estate properties in western Canada. It primarily focuses on the acquisition, management, and development of grocery-anchored shopping centers. The company owns grocery-anchored shopping centers located in Whitecourt, Alberta, and St. Paul, Alberta. Gulf & Pacific Equities was incorporated in 1998 and is based in Toronto, Canada.
Best Financial Companies To Buy Right Now: Glen Burnie Bancorp(GLBZ)
Glen Burnie Bancorp operates as the holding company for The Bank of Glen Burnie that provides commercial and retail banking services to individuals, associations, partnerships, and corporations. The company?s deposit products include regular savings accounts, money market deposit accounts, demand deposit accounts, NOW checking accounts, individual retirement accounts, simplified employee pension accounts, Christmas Club accounts, and certificates of deposit. Its loan portfolio comprises residential and commercial real estate loans, construction loans, land acquisition and development loans, commercial loans, and overdraft protection lines of credit, as well as consumer installment lending, including indirect automobile lending. The company also offers various ancillary products and services, which include safe deposit boxes, money orders and travelers checks, night depositories, automated clearinghouse transactions, wire transfers, automated teller machines, telephone ban king, and customer call center services. It serves customers in northern Anne Arundel County and surrounding areas through eight branch offices in Glen Burnie, Odenton, Riviera Beach, Crownsville, Severn, Linthicum, and Severna Park, Maryland. The company was founded in 1949 and is based in Glen Burnie, Maryland.
Best Financial Companies To Buy Right Now: Mucklow(a&j)
A & J Mucklow Group plc, a real estate investment trust (REIT), engages in the investment and development of industrial and commercial properties in the United Kingdom. The company?s investment property portfolio includes industrial, offices, and retail properties; and development land holdings. It is also involved in the sale of investment properties and trading of properties. A & J Mucklow Group plc was founded in 1933 and is based in Halesowen, the United Kingdom.
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