The Securities and Exchange Commission Tuesday charged four promoters with ties to the Pacific Northwest for manipulating the securities of several microcap companies, including marijuana-related stocks of GrowLife Inc. and Hemp Inc.
The SEC alleges that the four promoters bought inexpensive shares of thinly traded penny stock companies on the open market and conducted prearranged, manipulative matched orders and wash trades to create the illusion of an active market in these stocks.
They then sold their shares in coordination with aggressive promotional campaigns that urged investors to buy the stocks because the prices were on the verge of rising substantially, the SEC said in a Tuesday statement. “However, these companies had little to no business operations at the time. The promoters reaped more than $2.5 million in illegal profits through their schemes.”
Two of the companies manipulated in this case — GrowLife Inc. and Hemp Inc. — claim to be related to the medical marijuana industry.
Hot Consumer Service Stocks To Watch Right Now: Jinpan International Limited(JST)
Jinpan International Limited engages in the design and manufacture of cast resin transformers for voltage distribution equipment. Its cast resin transformers allow high voltage transmissions of electricity to be distributed to various locations in lower, more usable voltages. The company provides medium voltage cast resin transformers for various end uses and applications, including industrial, infrastructure, and municipal projects, such as factories, real estate developments, airports, and subway systems. It also offers switchgears, which enable operators of a power distribution network to switch equipment in and out of the network; line reactors that limit current, filter waveforms, and attenuate electrical noise and harmonics associated with the inverter and driver output of wind powered turbines; and unit substations, which are integrated assemblies comprising high voltage switchgear, a transformer, a low voltage switchgear, a power meter, and a power factor compensat ion device interconnected with cables or buss bars. The company?s unit substations function as miniature power distribution stations and are used in applications related to the construction and maintenance of city power networks. Jinpan International sells its products in the People?s Republic of China, the United States, and Europe. The company was founded in 1993 and is headquartered in Haikou, the People's Republic of China.
Advisors' Opinion:- [By CRWE]
Jinpan International Ltd (Nasdaq:JST), a leading designer, manufacturer, and distributor of cast resin dry type transformers, recently reported that its subsidiary Hainan Jinpan Electric Co. Ltd. successfully developed a 40,000KVA / 35KV cast resin dry type power transformer. The Company has shipped the transformer to the customer’s site in China’s Anhui province for installation in a transformer substation that will deliver power to gas liquification systems.
10 Best Penny Stocks To Buy For 2015: Ever-Glory International Group Inc.(EVK)
Ever-Glory International Group, Inc., together with its subsidiaries, engages in the manufacture, distribution, and sale of apparel for women, men, and children. Its products include coats, jackets, slacks, skirts, shirts, trousers, vests, skiwear, down jackets, knitwear, and jeans. The company offers its products to the casual wear, sportswear, and outerwear brands, as well as retailers, such as department stores, flagship stores, stores-within-a-store, and specialty stores primarily in Europe, the United States, Japan, and the People?s Republic of China. As of December 31, 2010, it operated 293 retail stores in the People?s Republic of China. The company is based in West Covina, California.
Advisors' Opinion:- [By John Udovich]
Small cap apparel stock G-III Apparel Group, Ltd (NASDAQ: GIII) has been making bullish moves lately plus the stock is up 97.1% since the start of the year, making it the third best performing apparel stock (according to stock screener Finviz)�after small cap�Ever-Glory International Group Inc (NYSEMKT: EVK) and mid cap Fifth & Pacific Companies Inc (NYSE: FNP) followed by mid cap Hanesbrands Inc (NYSE: HBI). But is the G-III Apparel Group dressed for long term success for investors?
10 Best Penny Stocks To Buy For 2015: HopFed Bancorp Inc.(HFBC)
HopFed Bancorp, Inc. operates as the holding company for Heritage Bank that provides various banking products and services primarily in western Kentucky, and middle and western Tennessee. The company offers a range of deposit products, including demand deposits, time deposits, money market accounts, passbook savings accounts, individual retirement accounts, and certificates of deposit. Its loan portfolio comprises one-to-four family residential loans, multifamily residential loans, construction loans, nonresidential loans, commercial real estate loans, and land and land development loans, as well as loans secured by deposits, other consumer loans, and commercial loans. The company, through its subsidiary, Fall and Fall Insurance Agency, sells life and casualty insurance products to individuals and businesses. HopFed Bancorp offers its products and services through its branch offices located in Hopkinsville, Murray, Cadiz, Elkton, Fulton, Calvert City, and Benton, Kentucky; and in Clarksville, Pleasant View, Ashland City, Kingston Springs, and Erin, Tennessee. The company was founded in 1879 and is headquartered in Hopkinsville, Kentucky.
Advisors' Opinion:- [By Louis Navellier]
HopFed Bancorp (HFBC), at $85 million in market cap, operates 18 branches in middle Tennessee and Western Kentucky and can be thought of as poster child for what is going on in the small banking sector. An activist investor took a stake in the bank and opposed an ill-advised acquisition. Instead, he suggested HopFed management get its own house in order. Management went along and canceled the deal, instituted a stock buyback plan and doubled the dividend. HFBC was upgraded to an “A” back in May and still is a “strong buy” right now.
10 Best Penny Stocks To Buy For 2015: Capital Product Partners L.P.(CPLP)
Capital Product Partners L.P., a shipping company, provides seaborne transportation of refined oil products and chemicals. It provides marine transportation services under medium- to long-term time charters or bareboat charters. As of July 13, 2011, the company?s fleet consisted of 22 double-hull tankers, including 18 medium range (MR) tankers, 2 small product tankers, 1 Suezmax crude oil tanker, and 1 Capesize bulk carrier. Its tankers are capable of carrying crude and refined oil products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals, including ethanol. Capital GP L.L.C. operates as a general partner of the company. Capital Product Partners L.P. was founded in 2007 and is headquartered in Piraeus, Greece.
Advisors' Opinion:- [By Tim Melvin]
Oaktree specializes in distressed assets, high-yield bonds, real estate and equities. The company currently earns an F-score of 6 and yields 7.7%, so the stock is an excellent fit for our active income portfolio. The stock trades at a slight discount to its Graham number valuation of $54. Oaktree is a best-in-class investment manager and has the potential for solid appreciation in addition to the high yield.
Capital Products Partners (CPLP)Capital Products Partners (CPLP) is a Greece-based shipping company that is involved in both petroleum products and the dry goods business. It currently has a fleet of 30 vessels comprised of 22 tankers and 8 dry bulk and container vessels.
- [By Luke Jacobi]
Capital Product Partners LP (NASDAQ: CPLP) shares tumbled 5.1 percent to $10.40 after the company priced 15 million units at $10.53 per unit.
Ellington Financial LLC (NYSE: EFC) was down, falling 4.4 percent to $23.53 after the company priced 8 million shares at $23.92 per share.
10 Best Penny Stocks To Buy For 2015: New York Mortgage Trust Inc.(NYMT)
New York Mortgage Trust, Inc., together with its subsidiaries, operates as a real estate investment trust (REIT) in the United States. The company engages in acquiring, investing, financing, and managing mortgage-related assets. It primarily invests in agency residential adjustable-rate, hybrid adjustable-rate, and fixed-rate mortgage-backed securities (RMBS); non-Agency RMBS; prime adjustable-rate residential mortgage loans held in securitization trusts; commercial mortgage-backed securities; commercial mortgage loans; and other commercial real estate-related debt investments. The company has elected to be taxed as a REIT and will not be subject to federal income tax if it distributes at least 90% of its REIT taxable income to its stockholders. New York Mortgage Trust, Inc. was founded in 1989 and is headquartered in New York, New York.
Advisors' Opinion:- [By Lawrence Meyers]
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Preferred Stocks: New York Mortgage Trust (NYMT)Dividend Yield: 8.2%
New York Mortgage Trust (NYMT) is a mortgage real estate investment trust, or mREIT, that acquires, invests in, finances and manages mortgage related securities. These mREITs are very much tied to interest rates, so while rates are low, the stocks will do well. NYMT common stock, in fact, yields more than 14%. Yet that�� why I would choose the New York Mortgage Trust 7.75% Preferred Series B (NYMTP).
- [By Eric Volkman]
Investors are being rewarded for putting their trust in New York Mortgage Trust (NASDAQ: NYMT ) . The REIT has declared a common stock dividend for its current quarter of $0.27 per share, to be paid on July 25 to shareholders of record as of June 28. That amount matches each of the company's preceding four distributions, the most recent of which was doled out at the end of April. Before that, it paid $0.25 per share.
- [By Susan J. Aluise]
LEN stock is only up about 3% in 2014, but it’s clearly a growth play. With a price-to-earnings-growth (PEG) ratio of just 0.6 and a forward P/E of a little more than�12, LEN stock looks undervalued now. LEN pays a nominal dividend with a 0.4% current yield, but the company knows its market and is positioning its new properties well, so LEN promises to be a solid buy-and-hold stock.
REIT:�New York Mortgage�(NYMT)There are two basic types of REITs –�those that hold real property and those that hold mortgages on property (mortgage or mREITs). Among mREITs, New York Mortgage�(NYMT)�is a so-called ��ybrid mREIT�� meaning that it holds a combination of federally guaranteed (agency) and non-agency debt, like commercial mortgage-backed securities (CMBS).
10 Best Penny Stocks To Buy For 2015: ENSCO plc(ESV)
Ensco plc, together with its subsidiaries, provides offshore contract drilling services to the oil and gas industry. The company engages in the drilling of offshore oil and natural gas wells by providing its drilling rigs and crews under contracts with international, government-owned, and independent oil and gas companies. As of February 15, 2010, it owned and operated 42 jackup rigs, 4 ultra-deepwater semisubmersible rigs, and 1 barge rig. The company also has 4 ultra-deepwater semisubmersible rigs under construction. It operates in Asia, the Middle East, Australia, New Zealand, Europe, Africa, and North and South America. The company was formerly known as Ensco International plc and changed its name to Ensco plc in March 2010. Ensco plc was founded in 1975 and is based in London, the United Kingdom.
Advisors' Opinion:- [By Ben Levisohn]
Shares of Transocean are unchanged at $40.47 today, while Ensco (ESV) has risen 0.7% to $52.43, Atwood Oceanics (ATW) is little changed at $49.47,�Diamond Offshore�(DO) has risen 0.4% to $47.02 and� Seadrill (SDRL), whose strategy Transocean may be following, has ticked up 0.2% to $34.30.
10 Best Penny Stocks To Buy For 2015: Service Corporation International(SCI)
Service Corporation International provides deathcare products and services in the United States, Canada, and Germany. Its funeral service and cemetery operations consist of funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and related businesses. The company provides various professional services relating to funerals and cremations, including the use of funeral facilities and motor vehicles, and preparation and embalming services. It also sells funeral related merchandise, including caskets, burial vaults, cremation receptacles, cremation memorial products, flowers, and other ancillary products and services at funeral service locations. The company?s cemeteries provide cemetery property interment rights, including mausoleum spaces, lots, and lawn crypts; and sell cemetery related merchandise and services comprising stone and bronze memorials, markers, merchandise installations, and burial openings and closings. It also sells preneed funeral and cemetery products and services whereby a customer contractually agrees to the terms of certain products and services to be delivered and performed in the future. As of December 31, 2009, Service Corporation operated 1,254 funeral service locations and 372 cemeteries, including 208 combination locations, covering 43 states in the United States, 8 Canadian provinces, the District of Columbia, and Puerto Rico, as well as 12 funeral homes in Germany. The company was founded in 1962 and is headquartered in Houston, Texas.
Advisors' Opinion:- [By Brian Pacampara]
What: Shares of funeral-home operator Stewart Enterprises (NASDAQ: STEI ) soared 34% today, after larger rival Service Corp. International (NYSE: SCI ) agreed to acquire it in a deal worth about $1.4 billion.
- [By Rich Duprey]
In what is seemingly becoming a more acrimonious set of negotiations, the Teamsters representing directors and drivers accused management of Service Corp International� (NYSE: SCI ) of trying to force a strike vote by rejecting the union's "last and best" offer.
- [By Chris Katje]
Service Corporation (SCI), the largest funeral home operator in the United States, made news last week with its large acquisition of Stewart Enterprises (STEI). The acquisition was well received by investors, as shares rose 8% on the day of the announcement. Together, the two companies will see huge cost savings advantages and a backlog that is currently undervalued.
- [By Marc Bastow]
Deathcare services and products provider Services Corporation (SCI) raised its quarterly dividend 14% to 8 cents per share, payable March 28 to shareholders of record as of March 15.
SCI Dividend Yield: 1.73%
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