As the Senate Finance Committee works toward reforming the U.S. tax system, the committee’s majority and minority staff last week issued a paper laying out challenges and goals for members as they review tax rules for exempt organizations and charitable contributions.
The paper, ninth in a series by the committee staff compiling tax reform options, lists several potential goals it says could serve the committee members as guidelines for their review:
The paper counts about 1.5 million tax-exempt organizations with $2.7 trillion in assets and 29 different types of tax-exempt organizations. It describes some specific concerns related to the tax rules associated with these groups.
The charitable deduction, available to only the roughly one-third of taxpayers who itemize, raises concerns about its fairness. The paper says the Finance Committee will question whether giving incentives should be the same for all taxpayers.
The paper looks at how changing the deduction might affect giving. It notes, for example, suggestions that governmental gift matching programs might increase giving, but also arguments that these don’t work well in practice. It says other research suggests that cutting the deduction absent other reforms would reduce giving.
Top Machinery Companies To Own In Right Now: Frozen Food Express Industries Inc.(FFEX)
Frozen Food Express Industries, Inc., together with its subsidiaries, provides temperature-controlled truckload and less-than-truckload services in the United States. It offers truckload linehaul, dedicated fleets, and less-than-truckload linehaul services, as well as brokerage services, including ocean, air, and domestic and international expedited services. The company primarily transports meat, ice, poultry, seafood, processed foods, candy and other confectionaries, dairy products, pharmaceuticals, medical supplies, fresh and frozen fruits and vegetables, cosmetics, films, and Christmas trees. It also leases refrigerated trailers for the storage and transportation of perishable items. As of September 30, 2011, the company operated a fleet of 1,178 tractors and 2,360 trailers. Frozen Food Express Industries, Inc. was founded in 1946 and is based in Dallas, Texas.
Advisors' Opinion:- [By John Udovich]
Despite what can best be described as a�soft economy, small cap trucking stocks YRC Worldwide, Inc (NASDAQ: YRCW), Arkansas Best Corporation (NASDAQ: ABFS), Frozen Food Express Industries, Inc (NASDAQ: FFEX), Saia Inc (NASDAQ: SAIA) and USA Truck, Inc (NASDAQ: USAK) have been trucking some pretty impressive returns since the start of the year. In fact, these small cap trucking stocks are up anywhere from 72% to 150% or so since the start of the year despite the slow economy. Certainly trucking stocks provide a good indicator of how the economy is doing, but might investors be�jumping the gun by pushing up these trucking stocks?
Hot Up And Coming Stocks To Watch Right Now: Manhattan Bridge Capital Inc (LOAN)
Manhattan Bridge Capital, Inc. offers short-term, secured, non?banking loans to real estate investors to fund the acquisition and construction of properties located in New York Metropolitan area. Its loans are principally secured by collateral consisting of real estate and accompanied by personal guarantees from the principals of the businesses. The company offers its loan products primarily through the company?s officers and independent loan brokers. Manhattan Bridge Capital, Inc. was founded in 1989 and is headquartered in New York, New York.
Advisors' Opinion:- [By Dividends4Life]
Below are several stocks displaying confidence in the future by increasing their cash dividends:Target Corporation (TGT) operates general merchandise stores in the United States and Canada. June 11th the company increased its quarterly dividend 21% to $0.52 per share. The dividend is payable September 10, 2014 to stockholders of record on August 20, 2014. The yield based on the new payout is 3.6%.Caterpillar (CAT) manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. June 11th the company increased its quarterly dividend 16.6% to $0.70 per share. The dividend is payable Aug 20, 2014 to stockholders of record on July 21, 2014. The yield based on the new payout is 2.6%.Essex Property Trust (ESS) operates as a self-administered and self-managed real estate investment trust in the United States. June 11th the company increased its quarterly dividend 7.4% to $1.30 per share. The dividend is payable July 15, 2014 to stockholders of record on June 30, 2014. The yield based on the new payout is 2.9%.Best Buy (BBY) operates as a multi-national, multi-channel retailer of technology products in the United States, Canada, China, and Mexico. June 10th the company increased its quarterly dividend 12% to $0.19 per share. The dividend is payable October 2, 2014 to stockholders of record on September 11, 2014. The yield based on the new payout is 2.6%.Manhattan Bridge Capital (LOAN) provides short-term, secured, and non��anking loans to real estate investors to fund their acquisition and construction of properties in the New York Metropolitan area. June 10th the company increased its quarterly dividend 250% to $0.07 per share. The dividend is payable July 15, 2014 to stockholders of record on July 10, 2014. The yield based on the new payout is 9.3%. Selecting stocks with increasing dividends is critical for an income growth strategy. The above list contains stocks that recent
- [By Marc Bastow]
The biggest increase among our dividend stocks this week was from short-term secured non-banking real estate lender Manhattan Bridge Capital (LOAN) which raised its quarterly dividend 100% to 2 cents per share, payable on Aug. 20 to shareholders of record as of Aug. 15.
LOAN Dividend Yield: 0.4%
Hot Up And Coming Stocks To Watch Right Now: Sprint Corp (S&LS)
Sprint Corporation, incorporated on May 10, 2012, offers a range of wireless and wireline communications services to consumers, businesses and government users. On July 10, 2013, the Company, SoftBank Corp. and Sprint Nextel Corporation (Sprint Nextel) completed the merger. In the Merger, Sprint Corporation was merged into Sprint Nextel, New Sprint became the parent company of Sprint Nextel, with Sprint Nextel becoming its direct wholly owned subsidiary, and Sprint Nextel changed its name to Sprint Communications, Inc.
The Company develops, engineers and deploys technologies, including the first wireless fourth generation (4G) service from a national carrier in the United States; offering mobile data services, prepaid brands, including Virgin Mobile USA, Boost Mobile, and Assurance Wireless; instant national and international push-to-talk capabilities, and a global Tier 1 Internet Service. The Company also offers unlimited data services.
Advisors' Opinion:- [By Holly LaFon]
Since Wilmers & Co. took over M&T Bank in 1983 the bank has acquired 23 banks and Savings and Loans (S&Ls) ��expanding from a single state to seven ��and assets have grown from $2 billion to $110 billion. M&T's branch count has grown from 60 to over 870. The bank currently boasts a customer base of over 2 million retail household customers and nearly 220,000 commercial customers.
Hot Up And Coming Stocks To Watch Right Now: Odyssey Marine Exploration Inc.(OMEX)
Odyssey Marine Exploration, Inc. provides shipwreck exploration services for use in insurance investigations, and search and recovery operations to governments and deep-ocean mineral exploration companies. The company?s shipwreck projects consist of various activities, including research and development, and search operations; archaeological excavation and recovery operations; and conservation, recording, and documentation. It also sells shipwreck findings, including coins and other mass-produced cargo, cultural collections, and replicas to collectors, museums, and other institutions. Odyssey Marine Exploration, Inc. was founded in 1986 and is headquartered in Tampa, Florida.
Advisors' Opinion:- [By Jonathan Yates]
Investors around the world are becoming more aware of the potential riches to be made by companies in the sea treasure recovery industry such as J.D. Hutt (PINK JABA) and Odyssey Marine Exploration (NASDAQ: OMEX) due to the media attention being paid to the raising of the Concordia. More than $60 billion rests on the ocean floor in gold (NYSE: GLD), silver (NYSE: SLV), and other valuables. As detailed in a previous article on this site, Odyssey Marine Exploration just presented at the 2013 Gateway Conference.
- [By Sean Williams]
Odyssey Marine Exploration (NASDAQ: OMEX )
I love a good metals play as much as any Fool around here, but Odyssey Marine is certainly not on the buy list. Odyssey Marine is a salvage company that searches for, recovers, and monetizes metals and minerals found on the ocean floor. Make no mistake about it, the job is as cool as it sounds; unfortunately, "cool" doesn't always translate into solid profits.
Hot Up And Coming Stocks To Watch Right Now: Powershares Dynamic Networking Portfolio (PXQ)
PowerShares Dynamic Networking Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of an equity index called the Dynamic Networking Intellidex Index (the Networking Intellidex). The Networking Intellidex consists of stocks of 30 United States networking companies. These are companies that are principally engaged in the development, manufacture, sale or distribution of products, services or technologies that support the flow of electronic information, including voice, data, images and commercial transactions. These companies may include providers of telecommunications and networking equipment, data storage, systems software, Internet hardware, including servers, routers, switches and related equipment, systems for data encryption and security, Internet services, including hosting and commercial exchanges, fiber optics, satellites, cable equipment, and other companies involved in supporting the flow of information. Stocks are selected principally on the basis of their capital appreciation potential as identified by the AMEX (the Intellidex Provider) pursuant to its Intellidex methodology. The Fund�� investment advisor is PowerShares Capital Management LLC.
The Fund will normally invest at least 80% of its total assets in common stocks of networking companies. The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Networking Intellidex. The Networking Intellidex is adjusted quarterly, and the Fund, using an indexing investment approach, attempts to replicate the performance of the Networking Intellidex. The Fund generally will invest in all of the stocks comprising the Networking Intellidex in proportion to their weightings in the Networking Intellidex.
Advisors' Opinion:- [By John Udovich]
Just before Thanksgiving, small cap networking stock Infoblox Inc (NYSE: BLOX) sank 28.65% on guidance that was below expectations, but the stock has still outperformed the year-to-date�performance of�networking ETF like the PowerShares Dynamic Networking ETF (NYSEARCA: PXQ) and iShares S&P North American Networking ETF (NYSEARCA: IGN). So what went wrong and could investors have just overeacted?
Hot Up And Coming Stocks To Watch Right Now: AMN Healthcare Services Inc(AHS)
AMN Healthcare Services, Inc. provides healthcare staffing and clinical workforce management solutions in the United States. The company?s Nurse and Allied Healthcare Staffing segment provides staffing solutions for hospitals and other healthcare facilities, including medical, surgical, specialty, licensed practical or vocational, and advanced practice nurses, as well as surgical technologists and dialysis technicians. This segment also offers allied health professionals under the Med Travelers, Club Staffing, and Rx Pro Health brand names to acute-care hospitals and other healthcare facilities, such as skilled nursing facilities, rehabilitation clinics, and retail and mail-order pharmacies. These allied health professionals include physical, surgical, respiratory, and occupational therapists, as well as medical and radiology technologists, speech pathologists, rehabilitation assistants, pharmacists, and pharmacy technicians. Its Locum Tenens Staffing segment places physic ians of various specialties, certified registered nurse anesthetists, nurse practitioners, and dentists on a temporary basis as independent contractors with various healthcare organizations, including hospitals, medical groups, occupational medical clinics, individual practitioners, networks, psychiatric facilities, government institutions, and managed care entities. The company?s Physician Permanent Placement Services segment provides permanent physician placement services to hospitals, healthcare facilities, and physician practice groups under the Merritt Hawkins and Kendall & Davis brand names. This segment also offers specialty offerings, including internal medicines, family practices, and surgeries. Its Home Healthcare Services segment provide home healthcare services to individuals with acute-care illness, long-term chronic health conditions, permanent disabilities, terminal illnesses, and post-procedural needs. The company was founded in 1985 and is headquartered in S an Diego, California.
Advisors' Opinion:- [By Sean Williams]
What: Shares of AMN Healthcare Services (NYSE: AHS ) , a health care staffing solutions company, jumped as much as 11% after reporting its third-quarter earnings results.
- [By Seth Jayson]
Calling all cash flows
When you are trying to buy the market's best stocks, it's worth checking up on your companies' free cash flow once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That's what we do with this series. Today, we're checking in on AMN Healthcare Services (NYSE: AHS ) , whose recent revenue and earnings are plotted below.
Hot Up And Coming Stocks To Watch Right Now: Songbird Estates PLC (SBEPF.PK)
Songbird Estates plc is engaged in management of its investment in its main subsidiary, Canary Wharf Group plc (Canary Wharf Group), which is the holding company. Canary Wharf Group is engaged in integrated property development, investment and management focusing primarily on the Estate. In London, Canary Wharf Group is engaged through joint ventures in the redevelopment of 20 Fenchurch Street and the Shell Centre. Canary Wharf Group�� investment property portfolio consists of 16 completed properties (out of the approximately 35constructed on the Estate) totaling approximately seven meter square feet of net internal area (NIA). In July 2013, Songbird Estates plc's Canary Wharf Group plc completed the acquisition from Gort Limited (in administration) and Hibernia (2005) Limited (in administration), of 15 Westferry Circus at Canary Wharf. Advisors' Opinion:- [By Mike Arnold]
Brookfield's public assets include a 21% stake (and potentially more given certain warrants held by Brookfield) in General Growth Properties (GGP), a 51% stake in Brookfield Office Properties (BPO), a 36% stake (again, more if certain warrants are exercised) in Rouse Properties (RSE) and 21% stake in Canary Wharf Group Plc, which is majority owned by Songbird Estates Plc (SBEPF.PK).
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