Monthly Archives: February 2019

Best Canadian Stocks To Watch Right Now

Canadian Western Bank (TSE:CWB) insider Allen David Stephen bought 1,000 shares of the company’s stock in a transaction on Thursday, October 11th. The stock was purchased at an average cost of C$32.95 per share, for a total transaction of C$32,950.00.

CWB stock opened at C$33.05 on Friday. Canadian Western Bank has a twelve month low of C$31.37 and a twelve month high of C$40.83.

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Canadian Western Bank (TSE:CWB) last posted its quarterly earnings data on Thursday, August 30th. The company reported C$0.75 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.77 by C($0.02). Canadian Western Bank had a net margin of 33.13% and a return on equity of 11.23%. The company had revenue of C$204.99 million for the quarter, compared to analysts’ expectations of C$205.70 million.

Best Canadian Stocks To Watch Right Now: Information Services Group Inc.(III)

Advisors’ Opinion:

  • [By Ethan Ryder]

    Get a free copy of the Zacks research report on Information Services Group, Inc. Common Stock (III)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Logan Wallace]

    CGI Group (NYSE: GIB) and Information Services Group (NASDAQ:III) are both computer and technology companies, but which is the better investment? We will contrast the two companies based on the strength of their profitability, earnings, dividends, analyst recommendations, risk, valuation and institutional ownership.

  • [By Logan Wallace]

    Martingale Asset Management L P bought a new position in Information Services Group, Inc. Common Stock (NASDAQ:III) during the second quarter, Holdings Channel reports. The fund bought 110,416 shares of the business services provider’s stock, valued at approximately $453,000.

Best Canadian Stocks To Watch Right Now: NRG Energy Inc.(NRG)

Advisors’ Opinion:

  • [By Motley Fool Transcribers]

    NRG Energy Inc (NYSE:NRG)Q2 2018 Earnings Conference CallAug. 2, 2018, 8:00 a.m. ET

    Contents:
    Prepared Remarks Questions and Answers Call Participants
    Prepared Remarks:

    Operator

  • [By Logan Wallace]

    Energi (CURRENCY:NRG) traded 1.4% lower against the dollar during the 24-hour period ending at 15:00 PM E.T. on September 11th. One Energi coin can now be bought for about $0.31 or 0.00004951 BTC on major exchanges including Cryptopia, CryptoBridge and CoinExchange. Energi has a total market cap of $1.54 million and $4,327.00 worth of Energi was traded on exchanges in the last day. During the last seven days, Energi has traded down 9.2% against the dollar.

  • [By Shane Hupp]

    ValuEngine upgraded shares of NRG Energy (NYSE:NRG) from a hold rating to a buy rating in a report published on Saturday morning.

    A number of other research firms also recently issued reports on NRG. Citigroup downgraded shares of NRG Energy from a buy rating to a neutral rating and set a $33.00 price target on the stock. in a research note on Monday, July 30th. Zacks Investment Research downgraded shares of NRG Energy from a strong-buy rating to a hold rating in a research note on Tuesday, June 26th. Macquarie upped their target price on shares of NRG Energy from $40.00 to $41.00 and gave the stock an outperform rating in a research note on Thursday, September 20th. Finally, Bank of America upped their target price on shares of NRG Energy from $40.00 to $42.00 and gave the stock a buy rating in a research note on Thursday, September 27th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $37.00.

Best Canadian Stocks To Watch Right Now: Prestige Brand Holdings Inc.(PBH)

Advisors’ Opinion:

  • [By Joseph Griffin]

    Pitcairn Co. purchased a new stake in Prestige Brands Holdings, Inc. (NYSE:PBH) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 7,278 shares of the company’s stock, valued at approximately $279,000.

  • [By Joseph Griffin]

    Prestige Brands Holdings, Inc. (NYSE:PBH) – Equities researchers at DA Davidson cut their Q2 2019 earnings estimates for shares of Prestige Brands in a research note issued to investors on Tuesday, July 3rd. DA Davidson analyst L. Weiser now anticipates that the company will post earnings per share of $0.60 for the quarter, down from their prior estimate of $0.64. DA Davidson currently has a “Neutral” rating and a $33.00 target price on the stock. DA Davidson also issued estimates for Prestige Brands’ FY2019 earnings at $2.83 EPS and FY2020 earnings at $2.97 EPS.

  • [By Logan Wallace]

    Shares of Prestige Brands Holdings, Inc. (NYSE:PBH) have been assigned a consensus recommendation of “Hold” from the nine research firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $71.40.

Best Canadian Stocks To Watch Right Now: Chipotle Mexican Grill Inc.(CMG)

Advisors’ Opinion:

  • [By Douglas A. McIntyre]

    Chipotle Mexican Grill Inc. (NYSE: CMG) will close stores as it retrenches. According to Reuters:

    Chipotle Mexican Grill Inc said on Wednesday the chain will shut up to 65 underperforming restaurants and revamp its marketing under Chief Executive Officer Brian Niccol, but many questions remain unanswered about what to expect under the new leadership.

  • [By Brian Feroldi]

    I’ve personally made several profitable investments over the last decade by simply observing my own buying habits. Here are a few recent examples:

    My family rarely eats out, but when we do we like to buy from healthier quick-service restaurants, such as Chipotle (NYSE:CMG) or Panera Bread, instead of full-service restaurants or traditional fast food places Wendy’s or McDonald’s. My wife and I have eliminated soda from our lives. The only beverages that I drink now are water and Starbucks (NASDAQ:SBUX) coffee. My wife prefers to drink sparkling water like National Beverages’ (NASDAQ:FIZZ) La Croix brand.  We mostly buy organic food and we love to shop at stores like Whole Foods (now owned by Amazon.com) and Trader Joes. We ditched cable a few years ago and now all of our entertainment needs are met by streaming services that are offered by Amazon.com, Netflix, and Alphabet’s YouTube. Most of our household items and gifts that are purchased online at Amazon.com or Wayfair. 

    I’d bet that if you reviewed your credit card statements, you’d quickly recognize a few patterns as well. Ask yourself: Are there any retails stores or restaurant concepts that you frequent now but didn’t before? Are there any new foods or drinks that you now buy from the grocery store? Have you become a raving fan of a particular website or app?

  • [By Matt Hogan]

    Growth within the industry is a bit lumpy, with limited-service restaurants, such as Wendys Co (NASDAQ: WEN) and Chipotle Mexican Grill, Inc (NYSE: CMG), growing at 5.3 percent in 2017 as compared to 3.5 percent for casual dining establishments according to the National Restaurant Industry.

  • [By Daniel Sparks]

    Under Chipotle Mexican Grill’s (NYSE:CMG) new CEO, the fast-casual restaurant company is thriving. The company’s momentum was particularly evident in its recently reported fourth quarter, which featured 10.4% year-over-year revenue growth and a 6.1% jump in comparable restaurant sales. Notably, growth in both of these two metrics was an acceleration compared to growth rates seen in Q3. This momentum validates the company’s efforts to revitalize its business.

  • [By Chris Lange]

    Chipotle Mexican Grill Inc. (NYSE: CMG) earnings knocked it out of the park this quarter, and investors are thrilled. In fact, most analysts seemed by thrilled as well. But after this report, two key analysts are still very bearish on the burrito chain.

  • [By Joseph Griffin]

    Computer Modelling Group Ltd. (TSE:CMG) Director Kenneth Michael Dedeluk sold 10,000 shares of the stock in a transaction dated Wednesday, June 27th. The stock was sold at an average price of C$10.25, for a total value of C$102,500.00.

4 tax-saving investment moves you can still make

Not happy with your tax situation? Maybe your refund is too small or you owe more to the government than you expected.

Fortunately, there remain three ways that you can lower your taxable federal income and one potential way to reduce your state taxes.

Some of these strategies are simple to understand – such as making contributions to individual retirement accounts. Others are more complex and carry penalties if used incorrectly, such as contributions to health savings accounts.

In those cases, it may be better to seek out guidance from a tax professional to make sure your contributions are made properly and you get a legitimate deduction.

 (Photo: Getty Images)

Here are four moves to consider:

IRA contributions

Contributions to traditional IRAs are tax-deductible. Roth IRA contributions aren’t deductible. You also have until tax filing day – April 15 this year – to contribute to an IRA for the previous year.

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For 2018, you can deduct up to $5,500 if you meet the income requirements. Those 50 and over can contribute up to $6,500, depending on income.

Generally, you can deduct your full IRA contribution amount if you and your spouse don’t have employer-sponsored retirement plans. If you have a work plan, how much you can deduct of your contribution could be limited depending on your adjusted gross income.

Self-employed retirement savings

Self-employed and freelance workers can use a solo 401(k) or SEP-IRA to save for retirement. Contributions to these retirement plans are tax-deductible. You also can make contributions long after the calendar tax year has passed by.

You can contribute to a solo 401(k) until April 15 to qualify for a federal tax deduction. The only caveat is that the solo 401(k) plan must have been opened by the end of 2018, so some preparation is required.

Solo 401(k) contributions are a bit complicated. You can make contributions as both an employee and as the employer.

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For 2018, you can contribute up to $18,500, or $24,500 if you’re 50 or older. As the employer, you can contribute 20 percent of your self-employment income, minus the deduction for the half of self-employed tax you paid. Total contributions to a solo 401(k) – as both employee and employer – can’t exceed $55,000 a year — not counting “catch-up contributions” for those age 50 and over.

If you have an SEP-IRA instead, you also have until April 15 to make contributions – or until Oct. 15 if you file for a tax return extension. You can contribute up to 25 percent of net self-employment earnings or up to $55,000 a year.

Health investment savings

If you were covered by a qualified high-deductible healthcare plan (HDHP) and have a health savings account (HSA), then you make 2018 contributions to your HSA until April 15.

The contribution rules can be complex. In general, the maximum contribution for 2108 is $3,450 if you were covered by an HDHP the entire year. If you weren’t, you can make a prorated contribution.

Or – if you were covered by an HDHP by Dec. 1, 2018 – you can contribute the maximum, but you must remain enrolled in a HDHP through the end of the following year. If not, you will pay income tax and a penalty.

Education savings plan

Some states let you to deduct contributions to a 529 plan, a tax-advantaged savings plan for future education costs, on their state tax returns. A handful allow you to deduct contributions made after the 2018 taxable year.

You have until April 15 to make 529 contributions that you can deduct on the following 2018 state tax returns: Georgia, Mississippi, Oklahoma, Oregon, South Carolina and Wisconsin. You have until April 30 for Iowa state returns.

CLOSE

Taxpayers are accustomed to receiving big refunds after filing, but experts warn that with new laws more people could end up owing the IRS. Veuer's Justin Kircher has the details. Buzz60