Why the Upgrade?
This electric and natural gas supplier delivered positive earnings surprises in three out of the last four quarters with an average beat of 23.90%. The long-term expected earnings growth rate for this stock is 4.69%.
The company has been performing well. Its recent decision of lowering electricity rates and maintaining reliability of service will help expand the customer base.
DTE Energy�� commitment towards the Pure Michigan Business Connect Initiative (PMBC) will help to strengthen Michigan�� economy. DTE Energy has committed to spend $1 billion with Michigan-based suppliers by 2015 to develop new business.
This, in a way, will create more opportunities for this utility service provider. Moreover, DTE Energy will invest $1.5 billion in its infrastructure and power generation assets to provide reliable and clean energy to its customers in Michigan.
Top 10 Low Price Companies To Invest In 2015: China Life Insurance Company Limited(LFC)
China Life Insurance Company Limited provides life, annuities, accident, and health insurance products in China. Its individual life insurance and annuity products consist of whole life and term life insurance, endowment insurance, and annuities. The company also engages in the writing of life insurance business. In addition, it offers group life insurance products, including group annuity products, and group whole life and term life insurance products to enterprises and institutions, as well as universal life products. Further, the company provides short-term insurance products comprising short-term accident insurance and short-term health insurance products; accident insurance products, such as individual accident insurance and group accident insurance; and health insurance products, including defined health benefit plans, medical expense reimbursement plans, and disease specific plans. It distributes its products through its direct sales representatives and exclusive ag ents, as well as through intermediaries comprising insurance agencies and insurance brokerage companies, non-dedicated agencies, bancassurance arrangements, travel agencies, and hotels and airline sales counters. The company was founded in 1949 and is based in Beijing, China. China Life Insurance Company Limited is a subsidiary of China Life Insurance (Group) Company.
Advisors' Opinion:- [By Rich Smith]
China Life Insurance Company (NYSE: LFC ) has a new chief financial officer, announcing yesterday that on March 27, its board of directors picked Yang Zheng to serve as its new CFO. His appointment became effective April 26.
Top Clean Energy Companies To Invest In 2014: Spirit Airlines Inc.(SAVE)
Spirit Airlines, Inc. provides passenger airline services. It provides travel opportunities principally to and from south Florida, the northeast United States, the Caribbean, and Latin America. The company also offers optional travel-related products or services. As of December 31, 2011, it had a fleet of 37 Airbus single-aisle aircrafts. The company was formerly known as Charter One and changed its name to Spirit Airlines, Inc. in 1992. Spirit Airlines, Inc. was founded in 1964 and is headquartered in Miramar, Florida.
Advisors' Opinion:- [By Dimitra DeFotis]
“… taken off over the past year as the industry’s ‘rationalization’ has meant higher fares, reduced capacity, and fewer amenities for passengers. Some measure of competition still comes from discounters such as Southwest (LUV), JetBlue (JBLU), and Spirit (SAVE). What’s left of antitrust enforcement ought to prevent these cut-rate carriers being scooped up by the big three of the skies, although Jack Hough noted … that Alaska Air (ALK) could draw takeover interest over the long haul (“Merger Mania May Soon Be on the Way,” Nov. 21) (subscription required).
- [By Adam Levine-Weinberg]
Rise of the carry-on-bag fee
In April 2010, ultra-low-cost carrier Spirit Airlines (NASDAQ: SAVE ) became the first airline in the U.S. (and possibly the world) to introduce a fee for carry-on baggage. Spirit's management decided that adding a carry-on baggage fee would allow them to reduce base airfares, stimulating demand, while improving efficiency by discouraging travelers from bringing large carry-on bags. Two years later, Spirit finally got some company as fellow ULCC Allegiant Travel (NASDAQ: ALGT ) instituted its own carry-on-bag charge.
Top Clean Energy Companies To Invest In 2014: Tesla Motors Inc.(TSLA)
Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles and advanced electric vehicle powertrain components. It offers Tesla Roadster, an electric sports car. The company markets and sells its vehicles directly to consumers through the phone and Internet, as well as through its network of Tesla stores. It operates 18 Tesla stores located in Boulder, Chicago, Los Angeles, Menlo Park, Miami, New York, Newport Beach, San Jose, Seattle, Washington, D.C., Copenhagen, London, Milan, Monaco, Munich, Paris, Tokyo, and Zurich. The company was founded in 2003 and is headquartered in Palo Alto, California.
Advisors' Opinion:- [By Ben Levisohn]
Shares of Tesla Motors (TSLA) have fallen today. Is Janet Yellen to blame?
ReutersTo recap: During her testimony, Yellen said that while stocks generally don’t look very expensive, valuations for some “smaller firms in the social media and biotechnology industries” appear to be “substantially stretched.”� And with that, the Nasdaq Composite and small-company Russell 2000 tumbled.
Tesla, however, was already under pressure this morning, even before Yellen started talking. Some of that might be attributed to the news that BMW had struck a deal with Samsung SDI, who makes batteries for Apple (AAPL) and has recently expanded into the auto business, to spend billions of dollars on batteries for its cars. Competition here we come.
The selling accelerated as Yellen spoke however, suggesting that Tesla, which trades at 190.21 times 2014 earnings, might have been perceived as one of those pricey stocks, even if its not small, a biotech or social media company.
Tesla has fallen 3% to $219.92 at 11:37 a.m., while the Nasdaq Composite is off 0.7% at 4,408.92 and the Russell 2000 has dropped 0.8% to 1,156.61.
Top Clean Energy Companies To Invest In 2014: Financial Institutions Inc.(FISI)
Financial Institutions, Inc. operates as the holding company for Five Star Bank that provides consumer and commercial banking, and financial services to individuals, municipalities, and businesses in central and western New York. Its deposit accounts consist of noninterest-bearing demand, interest-bearing demand, savings, money market, club, individual retirement, and other qualified plan accounts, as well as certificates of deposit. The company?s loan portfolio comprises commercial loans, commercial real estate loans, one-to-four family residential mortgages, consumer automobile loans, recreational vehicle loans, boat loans, home improvement loans, closed-end home equity loans, home equity lines of credit, collateralized and uncollateralized personal loans, deposit account collateralized loans, commercial and agricultural working capital and revolving lines of credit, commercial and agricultural mortgages, equipment loans, and crop and livestock loans. It operates throug h a network of approximately 51 offices and 70 ATMs in 14 contiguous counties of western and central New York. The company, through its other subsidiary, Five Star Investment Services, Inc., provides brokerage services. Financial Institutions, Inc. was founded in 1931 and is based in Warsaw, New York.
Advisors' Opinion:- [By Jon C. Ogg]
Financial Institutions Inc. (NASDAQ: FISI) was started as Buy with a $24 price target by Sterne Agee.
Ross Stores Inc. (NASDAQ: ROST) was reiterated as Buy and added to the prized Conviction Buy list at Goldman Sachs.
- [By GURUFOCUS]
Financial Institutions Inc. (FISI) operates as the holding company for Five Star Bank that provides various banking and financial services to individuals, municipalities, and businesses. Aug. 21, the company increased its quarterly dividend 6% to $0.19 per share. The dividend is payable payable Oct. 2, 2013 to shareholders of record as of Sept. 12, 2013. The yield based on the new payout is 3.9%.
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