Already this year, 31 companies have sold their shares to the public for the first time, a 72% increase from this point in 2013, says Kathleen Smith of Renaissance Capital. That's the best start for initial public offerings since at least 2006. If the trends stay in place, 2014 could be the best start to a year since the dot-com boom of 2000.
The IPO surge continued Wednesday after three companies launched their deals, including injectable-drug maker Eagle Pharmaceuticals, pain therapy researcher Flexion Therapeutics and regional bank Talmer Bancorp.
ASK MATT: Why do IPO prices jump so quickly?
Companies are looking to take advantage of the surprisingly strong stock market and investors' willingness to take a risk with newly public companies. Big biotech stocks have been the darlings of this year's IPO market, with the gains being lavished on companies like Revance Therapeutics and Auspex Pharmaceuticals.
5 Best Industrial Conglomerate Stocks To Watch For 2015: HSBC Holdings PLC (HBC)
HSBC Holdings plc (HSBC), incorporated on January 1, 1959, is a global banking and financial services organizations. As of December 31, 2010, it provided a range of financial services to around 95 million customers through two customer groups, Personal Financial Services (PFS), including consumer finance, and Commercial Banking (CMB), and two global businesses, Global Banking and Markets (GB&M), and Global Private Banking (GPB). Its international network covers 87 countries and territories in six geographical regions; Europe, Hong Kong, Rest of Asia-Pacific, the Middle East, North America and Latin America. As of December 31, 2010, the Company had an international network of some 7,500 offices in 87 countries and territories in six geographical regions; Europe, Hong Kong, Rest of Asia-Pacific, the Middle East, North America and Latin America. PFS incorporates the Company�� consumer finance businesses, which include HSBC Finance Corporation (HSBC Finance). In April 2011, the Company closed its retail banking operation in Russia. In July 2011, the Company sold its unsecured written-off personal loan and credit card portfolio to J M Financial Asset Reconstruction Co. Pvt. Ltd. On May 20, 2012, HSBC Holdings PLC's wholly owned subsidiary HSBC Bank USA, N.A. and other wholly owned subsidiaries, sold 195 retail branches to First Niagara Bank, N.A. (First Niagara). In May 2012, the Company�� 70.03% owned subsidiary, HSBC Bank Malta plc, sold its card acquiring business to HSBC Merchant Services Ltd. In June 2012, the Company�� indirect wholly owned subsidiary, HSBC Iris Investments (Mauritius) Ltd, sold its 4.73% interest in Axis Bank Limited and 4.74% interest in Yes Bank Limited. In July 2012, its subsidiary, HSBC Europe (Netherlands B.V.), sold its 100% interest in HSBC Credit Zrt, to CentralFund Kockazati Tokealap. On March 31, 2013, Enstar Group Ltd�� subsidiary completed the acquisition from Household Insurance Group Holding Company of HSBC Insurance Company of Delaware and Household Life Insur! ance Company of Delaware, as well as its three subsidiary insurers.
The Company�� principal banking operations in Europe are HSBC Bank plc in the United Kingdom, HSBC France, HSBC Bank A.S. in Turkey, HSBC Bank Malta p.l.c., HSBC Private Bank (Suisse) S.A. and HSBC Trinkaus & Burkhardt AG. Through these operations it provides a range of banking, treasury and financial services to personal, commercial and corporate customers across Europe. HSBC�� banking subsidiaries in Hong Kong are The Hongkong and Shanghai Banking Corporation Limited and Hang Seng Bank Limited.
The Company offers a range of banking and financial services in the People�� Republic of China, mainly through its local subsidiary, HSBC Bank (China) Company Limited. It also participates indirectly in the People�� Republic of China through its four associates. Outside Hong Kong and the People�� Republic of China, it conducts business in 22 countries and territories in the Rest of Asia-Pacific region, through branches and subsidiaries of The Hongkong and Shanghai Banking Corporation, with coverage in Australia, India, Indonesia, Malaysia and Singapore.
In the Middle East, the Company has network of branches of HSBC Bank Middle East Limited, together with HSBC�� subsidiaries and associates. Its North American businesses are located in the United States, Canada and Bermuda. Operations in the United States are conducted through HSBC Bank USA, N.A., which is concentrated in New York State, and HSBC Finance, a national consumer finance company based near Chicago. HSBC Markets (USA) Inc. is the intermediate holding company of, inter alia, HSBC Securities (USA) Inc. HSBC Bank Canada and HSBC Bank Bermuda operate in their respective countries.
The Company�� operations in Latin America consists of HSBC Bank Brasil S.A.-Banco Multiplo, HSBC Mexico, S.A., HSBC Bank Argentina S.A. and HSBC Bank (Panama) S.A. In addition to banking services, it operates insurance businesses in Brazil, Mexi! co, Argen! tina, Panama and a range of smaller markets.
Personal Financial Services
PFS offers the Company�� products and services to customers based on their individual needs. Premier and Advance services are for customers who value international connectivity and benefit from its global reach and scale. It offers a range of banking products and services reflecting local requirements. In addition, it issues card globally, offering HSBC branded cards, co-branded cards with selected partners and private label (store) cards. Its customer offerings include personal banking products, including current and savings accounts, mortgages and personal loans, credit cards, debit cards and local and international payment services, and wealth management services, including insurance and investment products and financial planning services.
HSBC Premier provides preferential banking services to high net worth customers and their immediate families with a relationship manager, wealth advice and solutions. Customers can access emergency travel assistance, telephone banking and an online global view of their Premier accounts globally with free money transfers between them. HSBC Advance provides a range of preferential products and services customized to meet local needs. With a telephone service, access to wealth advice and online tools to support financial planning, it gives customers an online global view of their Advance accounts with money transfers between them. Wealth Solutions & Financial Planning process designed for global individual customer needs to help its clients to protect, grow and manage their wealth through investment and wealth insurance products manufactured by in-house partners, including Global Asset Management, Global Markets and HSBC Insurance, and by selected third party providers. During 2010, PFS provided 92 million individual and self-employed customers with financial services in over 60 markets globally.
Commercial Banking
The Company ! segments ! its CMB business into Corporate, to serve both Corporate and Mid-Market companies, and Business Banking, to serve the small and medium-sized enterprises (SME��) sector. It provides support to companies as they expand both domestically and internationally, and ensures a focus on the business banking segments. It offers a range of financing, both domestic and cross-border, including overdrafts, receivables finance, term loans and syndicated, leveraged, acquisition and project finance. Asset finance is offered in selected sites, focused on leasing and instalment finance for vehicles, plant and equipment. It is a provider of domestic and cross-border payments and collections, liquidity management and account services globally, delivered through its e-platform, HSBC net. It provides international trade products and services, to both buyers and suppliers, such as export finance, guarantees, documentary collections and forfeiting to improve efficiency and help mitigate risk throughout the supply chain.
CMB customers are volume users of its foreign exchange, derivatives and structured products. Capital markets & advisory is raising capital on debt and equity markets and provide advisory services. Commercial cards issuing helps customers enhance cash management, credit control and purchasing. Card acquiring services enable merchants to accept credit and debit card payments in person or remotely. CMB offers key person, employee benefits and a range of commercial risk insurance, such as property, cargo and trade credit. Direct channels include online and direct banking offerings, such as telephone banking, HSBCnet and Business Internet Banking.
Global Banking and Markets
GB&M provides tailored financial solutions to government, corporate and institutional clients and private investors globally. Managed as a global business, GB&M operates a long-term relationship management approach to build a understanding of clients��financial requirements. Sector-focused client service! teams co! nsisting of relationship managers and product specialists develop financial solutions to meet individual client needs. GB&M is managed as four principal business lines: Global Markets, Global Banking, Global Asset Management and Principal Investments.
Global Markets operations consist of treasury and capital markets services. Products include foreign exchange; currency, interest rate, bond, credit, equity and other derivatives; government and non-government fixed income and money market instruments; precious metals and exchange-traded futures; equity services; distribution of capital markets instruments, and securities services, including custody and clearing services and funds administration to both domestic and cross-border investors. Global Banking offers financing, advisory and transaction services. Its products include capital raising, advisory services, bilateral and syndicated lending, leveraged and acquisition finance, structured and project finance, lease finance and non-retail deposit taking; international, regional and domestic payments and cash management services; and trade services for large corporate clients.
Global Asset Management offers investment solutions to institutions, financial intermediaries and individual investors globally. Principal Investments includes its relationships with third-party private equity managers and other investments. GB&M is a global business, which provides financial solutions to government, corporate and institutional clients globally.
Global Private Banking
GPB works with the Company�� high net worth clients to offer ways to manage and preserve wealth. HSBC Private Bank is the principal marketing name of its international private banking business, GPB. GPB works with its clients to offer both ways to manage and preserve wealth while optimising returns. GPB accesses six advisory centers in Hong Kong, Singapore, Geneva, New York, Paris and London. Private Banking services consist of multi-currency depo! sit accou! nts and fiduciary deposits, credit and specialist lending, treasury trading services, cash management, securities custody and clearing. GPB works to ensure that its clients have access to other products and services available in HSBC, such as credit cards, Internet banking, corporate banking and investment banking.
Private Wealth Management consists of both advisory and discretionary investment services. A range of investment vehicles is covered, including bonds, equities, derivatives, options, futures, structured products, mutual funds and alternatives (hedge funds, private equity and real estate). Corporate Finance Solutions helps provide clients with solutions for their companies, working in conjunction with GB&M. Private Wealth Solutions consist of planning, trustee and other fiduciary services to protect wealth and preserve it for future generations. Its expertise includes trusts, foundation and company administration, charitable trusts and foundations, insurance, family office advisory and philanthropy.
Other
The Company�� Other contains the results of certain property transactions and unallocated investment activities. It also includes centrally held investment companies, movements in fair value of own debt, HSBC�� holding company and financing operations.
Advisors' Opinion:- [By Sara Sjolin]
Banks led the benchmark lower, with Soci茅t茅 G茅n茅rale SA (FR:GLE) �down 2.1% in Paris, HSBC Holdings PLC (UK:HSBA) (HBC) � (HK:5) �off 1.4% in London, and Banco Santander SA (ES:SAN) � (SAN) �1.6% lower in Madrid.
- [By G. A. Chester]
Let's take a look at the trust's current top three holdings:�HSBC� (LSE: HSBA ) (NYSE: HBC ) ,�Royal Dutch Shell� (LSE: RDSB ) , and�BP� (LSE: BP ) .
- [By Sara Sjolin]
Banks also added pressure in London, with shares of Barclays PLC (UK:BARC) � (BCS) �down 1.4%, Standard Chartered PLC (UK:STAN) �of down 0.9% and heavyweight HSBC Holdings PLC (UK:HSBA) (HBC) (HK:5) �0.2% lower.
- [By Royston Wild]
Bubbly activity in new geographies can create lucrative openings for many London-listed firms. Today, I'm looking at�HSBC Holdings� (LSE: HSBA ) (NYSE: HBC ) �and assessing whether their operations in these regions are likely to underpin solid earnings growth.
Hot Regional Bank Companies To Buy Right Now: Light SA (LIGT3)
Light SA, formerly TRIAL Participacoes SA, is a Brazil-based holding company primarily involved in the energy sector. Light SA is a parent of the Light Group. The Company operates through four segments, such as Power Distribution, Power Generation, Power Trading and Others, through which the Company is engaged in the generation, transmission, distribution and marketing of electric power and other related services. The Company distributes energy to approximately 31 municipalities in the state of Rio de Janeiro. Additionally, the Company is engaged in the manufacture of two-wheeled electric vehicles. The Company operates through subsidiaries, such as Light Servicos de Eletricidade SA, CR Zongshen E Power Fabricadora de Veiculos SA, Light Energia SA, Lightger SA, Itaocara Energia Ltda, Amazonia Energia SA, Light Esco Prestacaoo de Servicos SA, Lightcom Comercializadora de Energia SA, Light Solucoes em Eletricidade Ltda, Axxiom Solucoes Tecnologicas SA and Instituto Light. Advisors' Opinion:- [By Ney Hayashi]
Oil company Petroleo Brasileiro SA (PETR4) contributed the most to the gauge�� advance as crude climbed. BR Properties SA rose the most since July 2012 after saying it will buy back shares. Phone company Tim Participacoes SA rebounded from a five-week low. Power utility Light SA (LIGT3) rallied after posting third-quarter earnings that beat analysts��estimates.
Hot Regional Bank Companies To Buy Right Now: Harmonic Inc.(HLIT)
Harmonic Inc. designs, manufactures, and sells video infrastructure products and system solutions to create, prepare, and deliver a range of video services for television and media platforms in the united States and internationally. Its products include video production platforms and playout solutions, such as video servers used by broadcasters, content owners, and multi-channel network operators to create and play-to-air television channels; video-optimized storage, which provides storage capacity and access bandwidth to support media production applications comprising video editing, content transformation, and media library management; and media applications that provide media integrated management and workflow control over content stored on its systems. The company offers video processing products, including broadcast encoders; contribution and distribution encoders; stream processing and statistical multiplexing solutions; content preparation and delivery for multi-scr een applications; decoders and descramblers; and management and control software. It also provides edge products that integrate routing, multiplexing, scrambling, and modulation into a single package; optical transmitters and amplifiers, which operates at various optical wavelengths and serves long-haul and local transport applications in the cable distribution network; optical nodes to supports network architectures for bandwidth delivered to a service area; and return path transmitters that support two-way transmission capabilities for analog or digital transport. In addition, the company offers technical support and professional services, such as maintenance and support; and consulting, implementation, and integration services. Harmonic Inc. sells its products through direct sales force, independent distributors, and integrators to cable, satellite and telco, and broadcast and media companies. The company was founded in 1988 and is headquartered in San Jose, California. Advisors' Opinion:
- [By Evan Niu]
What: Shares of Harmonic (NASDAQ: HLIT ) have jumped today by as much as 16% after the company reported earnings.
So what: Revenue in the second quarter totaled $117.1 million, and bookings were $126.3 million. Non-GAAP net income was $5.6 million, or $0.05 per share. That bottom-line result is a welcome improvement compared to the adjusted net loss of $0.02 per share a year ago.
- [By Garrett Cook]
Shares of Harmonic (NASDAQ: HLIT) were down 8.91 percent to $6.50 after the company lowered its Q2 forecast and issued a weak Q3 guidance.
Riverbed Technology (NASDAQ: RVBD) shares tumbled 5.85 percent to $19.16 after the company lowered its Q2 revenue forecast.
- [By Anna Prior]
Harmonic Inc.(HLIT) lowered its guidance for the second quarter as the video infrastructure services company said it has seen decreased demand in its video business. Shares fell 13% to $6.21 premarket.
Hot Regional Bank Companies To Buy Right Now: iShares 7-10 Year Treasury Bond ETF (IEF)
iShares Lehman 7-10 Year Treasury Bond Fund (the Fund) seeks investment results that correspond generally to the price and yield performance of the intermediate-term sector of the United States Treasury market as defined by the Lehman Brothers 7-10 Year U.S. Treasury Index (the Index). The Index includes all publicly issued, United States Treasury securities that have a remaining maturity of between 7 and 10 years, are non-convertible, are denominated in United States dollars, are rated Baa3 by Moody�� Investors Service or BBB- by S&P, are fixed rate, and have more than $250 million par outstanding. Excluded from the Index are certain special issues, such as flower bonds, targeted investor notes (TINs), and state and local government bonds, and coupon issues that have been stripped from assets that are already included in the Index.
The Index is a market capitalization-weighted index. The Fund invests in a representative sample of the securities in the Index, which has a similar investment profile as the Index. The Fund�� investment advisor is Barclays Global Fund Advisor.
Advisors' Opinion:- [By Matthew McCall]
The iShares 7-10 Year Treasury Bond ETF (NYSE: IEF) is down 3.5 percent in the last two months and is trading at three-month low. Since hitting an all-time high in 2012 the ETF is down 10 percent, however the downtrend may only be in the early stages. If interest rates on the 10-year move back to where they were in 2007 it would send IEF down another 20 percent.
Hot Regional Bank Companies To Buy Right Now: Boyd Gaming Corporation(BYD)
Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in the United States. As of December 31, 2011, the company owned and operated 1,042,787 square feet of casino space, containing approximately 25,973 slot machines, 655 table games, and 11,418 hotel rooms. It also owned and operated 16 gaming entertainment properties located in Nevada, Illinois, Louisiana, Mississippi, Indiana, and New Jersey. In addition, the company owns and operates a pari-mutuel jai-alai facility located in Dania Beach, Florida, as well as a travel agency in Hawaii. Further, it holds a 50% controlling interest in the limited liability company that operates Borgata Hotel Casino and Spa in Atlantic City, New Jersey. Boyd Gaming Corporation was founded in 1988 and is headquartered in Las Vegas, Nevada.
Advisors' Opinion:- [By Travis Hoium]
Even if a federal bill does pass, there's no guarantee Zynga would win. Online poker is all about gaining a critical mass of users, and it's a uphill battle. MGM Resorts (NYSE: MGM ) and Boyd Gaming (NYSE: BYD ) have already partnered with bwin.party for a U.S. online gaming venture. Bwin.party is one of the largest real-money online poker companies in the world, and with PokerStars likely shut out of the U.S. in the near future, this would be a formidable opponent. Caesars Entertainment (NASDAQ: CZR ) has also had its eyes on online poker for some time, and with the World Series of Poker brand, it has a big draw for players. Caesars thinks so much of online poker that it's spinning off its "growth" assets, and online games are a key part of the new company.
- [By Monica Gerson]
Boyd Gaming (NYSE: BYD) reported an adjusted Q4 loss of $0.24 per share on revenue of $681.5 million. However, analysts were projecting a loss of $0.24 per share on revenue of $683.2 million. Boyd shares declined 3.96% to $11.15 in the after-hours trading session.
- [By Travis Hoium]
What: Shares of Boyd Gaming (NYSE: BYD ) jumped 10% today after the company got an analyst upgrade.
So what: Morgan Stanley upgraded shares to overweight today, and gave the stock a $12 price target. The analyst cited the potential for online gaming as the driver of the stock, potentially bringing as much revenue to the industry as Las Vegas and Atlantic City combined. �
Hot Regional Bank Companies To Buy Right Now: iShares MSCI Ireland Capped ETF (EIRL)
iShares MSCI Ireland Capped ETF, formerly iShares MSCI Ireland Capped Investable Market Index Fund (the Fund), seeks investment results that correspond generally to the price and yield performance of the MSCI Ireland Investable Market 25/50 Index (the Index). The Index is a free-float adjusted market capitalization-weighted index designed to measure the performance of equity securities in the top 99% by market capitalization of equity securities listed on the stock exchanges in Ireland. BlackRock Fund Advisors (BFA) serves as the investment advisor of the Fund. BFA is a subsidiary of BlackRock Institutional Trust Company, N.A. Advisors' Opinion:- [By Charles Sizemore]
How does an investment manager reconcile all of the various prognostications he hears on a daily basis?Simple��gnore them.��eb Faber, Global ValueIf you��e never heard of Cambria Investment Management�� Meb Faber, then you have some serious catching up to do. I consider Faber one of the most innovative strategists in the business today, and I found his research on shareholder yield to be compelling enough to make the Cambria Shareholder Yield ETF (SYLD) a core, long-term holding in multiple ETF portfolios I manage. (For readers unfamiliar with the term, ��hareholder yield��is a holistic measure of shareholder friendliness that includes dividends paid, shares repurchased, and debt repaid.)Faber�� latest book, Global Value: How to Spot Bubbles, Avoid Market Crashes, and Earn Big Returns in the Stock Market, provides the research underpinnings for Cambria�� latest ETF offering, the Cambria Global Value ETF (GVAL).Faber is a ��uant��who ignores the news of the day and instead focuses on the raw numbers. At its core, Global Value is a roadmap for implementing the value investing concepts originally espoused by Benjamin Graham and David Dodd in their 1934 classic Security Analysis in a systematic, quantitative manner.Specifically, Faber uses the cyclically-adjusted price/earnings ratio (��APE��, a metric popularized by Yale economist Robert Shiller, as a valuation tool to rank countries. In Faber�� model, an investor buys the stocks of the cheapest countries as ranked by the CAPE.The CAPE divides the current market price by the average of annual earnings across the economic cycle, with 10 years being the most popular time interval.Why? Because using a single year�� earnings can massively skew the results based on where you are in the economic cycle. As an example, a collapse in earnings in 2008-2009 would have made the S&P 500 look expensive had you used a simple P/E calculation with 2008 earnings numbers, even though the market had los
Hot Regional Bank Companies To Buy Right Now: Legacy Reserves LP(LGCY)
Legacy Reserves LP, an independent oil and natural gas limited partnership, engages in the acquisition and development of oil and natural gas properties primarily located in the Permian Basin, Mid-Continent, and Rocky Mountain regions of the United States. As of December 31, 2010, it owned interests in producing oil and natural gas properties in 370 fields in the Permian Basin, Texas Panhandle, Wyoming, Oklahoma, and several other states; operated 2,132 gross productive wells; and owned non-operated interests in 3,227 gross productive wells, as well as had proved reserves of approximately 52.8 million barrels of crude oil equivalent. Legacy Reserves GP, LLC operates as the general partner of the partnership. Legacy Reserves LP was founded in 2005 and is headquartered in Midland, Texas.
Advisors' Opinion:- [By Robert Rapier]
The fracking revolution has created enormous opportunities for Master Limited Partnerships (MLPs) across the oil and gas industry. Upstream MLPs like�BreitBurn Energy Partners�(NASDAQ: BBEP) and�Legacy Reserves�(NASDAQ: LGCY) produced the oil and gas. There was a huge new requirement for sand in the fracking operations, and this encouraged new MLPs like�Emerge Energy Services�(NYSE: EMES) and�Hi-Crush Partners�(NYSE:HCLP) — both of which have more than doubled in price over the past 12 months. Fracking also requires large volumes of water, which�Cypress Energy Partners�(NYSE: CELP) provides.
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