Republican members of the House Financial Services Committee told Securities and Exchange Commission Chairwoman Mary Jo White, Fed Chairwoman Janet Yellen and Treasury Secretary Jacob Lew on Friday to provide them with documents and answers by May 16 on how the Financial Stability Oversight Council and the Financial Stability Board determines which nonbanks will be determined to be global systemically important financial institutions (G-SIFIs).
In a letter to the three members of FSOC, the GOP committee members — which included its chairman, Rep. Jeb Hensarling, R-Texas, as well as the chairman of the committee’s capital markets subcommittee, Rep. Scott Garrett, R-N.J. — said that because the FSB is in the process of “examining certain U.S. companies for possible designation as G-SIFIs,” the lawmakers want to “fully understand the process the FSB uses to designate G-SIFIs, and that we understand the current state of these deliberations,” as they have “concerns that decisions are being made that could have significant impact on the U.S. economy."
Top 5 Up And Coming Stocks For 2015: Westell Technologies Inc.(WSTL)
Westell Technologies, Inc., through its subsidiaries, engages in the design, distribution, marketing, and servicing a range of broadband, digital transmission, remote monitoring, power distribution, and demarcation products used by telephone companies and other telecommunications service providers. It operates in three segments: Customer Networking Systems (CNS) equipment, Outside Plant Systems (OSP) equipment, and ConferencePlus services. The CNS equipment segment provides networking and high-speed transmissions products, such as modems, routers, versatile gateway devices, and wireless broadband home routers that allow service providers to deliver broadband services over existing copper, fiber, coax, or wireless infrastructures. The OSP segment offers next generation outdoor cabinets; enclosures; power distribution; fiber, Ethernet, and coax edge connectors; remote monitoring equipment; and DS1 and DS3 transmission plugs. This segment also markets and sells power distribu tion and remote monitoring solutions. The ConferencePlus services segment provides audio, Web, and video conferencing services to businesses and individuals. This segment sells its services directly to Fortune 1000 companies, and indirectly through its private reseller programs. The company offers its products through field sales organizations and selected distributors in the United States, as well as in Canada and Europe. Westell Technologies, Inc. was founded in 1980 and is headquartered in Aurora, Illinois.
Advisors' Opinion:- [By Rich Smith]
Late last month, the networking equipment maker had to scramble when its acting chief financial officer, Tom Minichiello, announced plans to retire on July 12 to become the new CFO at Westell Technologies (NASDAQ: WSTL ) . On Friday, though, just as the deadline was happening, Tellabs announced that it has found a replacement.
- [By Rich Smith]
On Friday, the diversified manufacturer named Brian S. Cooper�to replace interim CFO Braden Waverley on May 28. Waverly will remain acting CFO until Cooper joins the company next month. Cooper comes to Federal Signal by way of smaller telecommunications equipment maker Westell Technologies (NASDAQ: WSTL ) , where he has served as CFO since 2009.
Top 5 Up And Coming Stocks For 2015: Hardinge Inc.(HDNG)
Hardinge Inc., together with its subsidiaries, designs, manufactures, and distributes machine tools in North America, Europe, Asia, internationally. It offers high-precision computer-numerically controlled cutting lathes, machining centers, grinding machines, collets, chucks, index fixtures, and other industrial products, as well as related accessories, including work holding, tool holding, and other industrial support products for companies making parts from hard to machine materials, and small and medium-sized independent job shops. The company also offers post-sale support services, including operation and maintenance training, in-field maintenance, and in-field repair. Its metal-cutting turning machines or lathes are used to remove materials from bar stock or a rough-formed part by moving multiple cutting tools against the surface of a part rotating at high speeds in a spindle mechanism; grinding machines are used to finish parts of various shapes and sizes; and machin ing centers are used to remove materials from stationary, prismatic, or box-like parts of various shapes. Hardinge Inc. serves aerospace, automotive, communications, computer, construction equipment, defense, energy, farm equipment, medical equipment, recreational equipment, and transportation industries. It sells its products through distributors, agents, and manufacturers? representatives. The company was founded in 1890 and is headquartered in Elmira, New York.
Advisors' Opinion:- [By John Emerson]
Hardinge (HDNG) the Perfect Fit to the Investment Puzzle
Several years earlier I had started following the machine tool sector and I became quite familiar with Hardinge. Although I never invested in the stock (I had opted for Hurco), I had noted that Jeffrey Gendell had been purchasing shares the company. Hurco (HURC) had much higher margins and it was my belief that the superior quality of their computerized machine tools and their accompanying software were reflected in their earnings. Hurco also held a vastly superior balance sheet at the time I made my investment.
Top Dow Dividend Stocks To Own For 2015: Compania de Transporte de Energia Electrica en Alta Tension Transener Sa (TRAN)
Compania de Transporte de Energia Electrica en Alta Tension Transener SA (Transener) is an Argentina-based company primarily engaged in the provision and distribution of high-voltage electric power, through its own transmission network of approximately 8,800 kilometers of transmission lines. The Company also offers such professional services as lines and substations maintenance, lines and substations operation, supervision and inspection of transmission works, as well as engineering and consulting services, among others. As of December 31, 2012, the Company had majority owned subsidaries Empresa de Transporte de Energia Electrica por Distribucion Troncal de la Provincia de Buenos Aires SA (Transba SA) and Transener Internacional Ltda. In addition, Compania Inversora en Transmision Electrica Citelec SA was its majority shareholder. Advisors' Opinion:- [By Nikolaj Gammeltoft]
U.S. stocks climbed, extending the longest winning streak for the Standard & Poor�� 500 Index (TRAN) since July, as data showed China�� economy is improving amid signs of easing tensions over Syria.
Top 5 Up And Coming Stocks For 2015: Invesco Mortgage Capital Inc (IVR)
Invesco Mortgage Capital Inc., incorporated in June 2008, is a real estate investment trust (REIT). The Company is primarily focused on investing in, financing and managing residential and commercial mortgage-backed securities and mortgage loans, which it collectively refers to as its target assets. The Company�� target assets consist of residential mortgage-backed securities (RMBS) for which the United States Government agency, such as the Government National Mortgage Association (Ginnie Mae) or a federally chartered corporation, such as the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac) guarantees payments of principal and interest on the securities. It refers to these securities as Agency RMBS. Its Agency RMBS investments include mortgage pass-through securities and may include collateralized mortgage obligations (CMOs). It also invests in RMBS that are not issued or guaranteed by the United States Government agency (non-Agency RMBS), commercial mortgage-backed securities (CMBS) and residential and commercial mortgage loans.
The Company finances its Agency RMBS, non-Agency RMBS and CMBS investments through short-term borrowings structured as repurchase agreements. The Company�� manager is Invesco Advisors Inc. The Company also finances its investments in certain non-Agency RMBS, CMBS and residential and commercial mortgage loans by contributing capital to the Invesco Mortgage Recovery Feeder Fund (Invesco IMRF Fund) that invests in public-private investment funds (PPIF) managed by the Company�� manager. The Company's manager is a wholly owned subsidiary of Invesco Ltd.
Advisors' Opinion:- [By Amanda Alix]
All mREITs are taking it on the chin
The agency crew, led by heavy hitters Annaly Capital (NYSE: NLY ) , American Capital Agency (NASDAQ: AGNC ) , and Armour Residential (NYSE: ARR ) , have all been close to hitting 52-week lows, but the blood-letting hasn't stopped there. Even hybrid mortgage REITs, which also buy some non-agency paper, have plunged, as well. Two Harbors (NYSE: TWO ) , which enjoyed such a nice lift post-earnings about a month ago, recently sunk to new lows, and Invesco Mortgage Capital (NYSE: IVR ) has also slipped, even after its CIO's recent show of faith, making a sizable insider purchase�of stock less than two weeks ago.
Top 5 Up And Coming Stocks For 2015: Radware Ltd.(RDWR)
Radware Ltd. provides application delivery solutions and network security solutions to banks, insurance companies, manufacturing and retail, government agencies, media companies, and service providers worldwide. The company offers AppDirector Intelligent Application Delivery Controller for data center optimization and to eliminate traffic surges, server bottlenecks, connectivity disconnects, and downtime for business continuity; and Alteon Application Switch application delivery controller that supports local, global, and transparent load-balance, multi-homing network load-balance, and bandwidth management capabilities. It also provides AppXML, which offers XML and Web services communications for mission-critical applications; AppWall, a Web application firewall (WAF) appliance that secures Web applications; LinkProof that manages wide area networks and Internet traffic for networks; Content Inspection Director, a smart redirection and dynamic policy enforcement device to meet contemporary carrier needs; and Session Initiation Protocol Director, an application delivery controller for application vendors, telecom equipment manufacturers, and system integrators. In addition, the company offers DefensePro Intrusion Prevention and Denial of Service products that protect against worms, bots, viruses, malicious intrusions, and DOS attacks; Inflight, a hardware device that provides online and network-based monitoring solutions; and APSolute Vision, an appliance-based management and monitoring system for information technology staff to centrally manage distributed devices and check the performance and security of enterprise wide application delivery infrastructures. It markets and sells its products primarily through distributors and resellers in North America, Europe, and Asia, as well as directly to select customers in the United States. Radware Ltd. was founded in 1996 and is headquartered in Tel Aviv, Israel.
Advisors' Opinion:- [By Evan Niu, CFA]
Rival ADC vendor Radware (NASDAQ: RDWR ) also issued disappointing preliminary results this morning, with its own revenue projected at $45 million -- also below its guidance. Radware said sales were strong in the U.S. market but cited weakness in EMEA and China for its weakness.
- [By Evan Niu, CFA]
What: Shares of Radware (NASDAQ: RDWR ) have fallen by as much as 24% after the company announced disappointing preliminary earnings for the first quarter.
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