Best Blue Chip Stocks To Own Right Now

Amazingly, summer is almost here, and the second quarter is down to the last month. One thing is certain: as we move into the typically slower trading months, 2018 could very well end up being a year in which the market highs already have been set. So it makes sense to look at companies, especially in the financial sector, that arent trading at rich multiples or 52-week highs.

With small business optimism soaring, which helps loan growth, and slowly rising interest rates providing a nice tailwind for earnings on deposits, the sector looks like a good bet for the rest of 2018. We screened the Deutsche Bank large cap bank universe, looking for companies that have solid brokerage businesses that can help to add to the bottom line, and we found these four very attractive picks.

Goldman Sachs

This continues to be the gold standard of Wall Street banks. Goldman Sachs Group, Inc. (NYSE: GS) has a gigantic institutional equity, debt and derivatives business, an ultra-high net worth clientele, top investment banking and capital markets expertise. The firm continues to be a dominant force around the world, one of the most sought-after banks one of the very few firms that dictate who can be a client.

Best Blue Chip Stocks To Own Right Now: Nuveen Connecticut Premium Income Municipal Fund(NTC)

Nuveen Connecticut Premium Income Municipal Fund is a diversified closed-end management investment company. The Fund’s investment objective is to provide current income exempt from both regular federal income taxes and Connecticut personal income taxes. The Fund invests in a portfolio of municipal securities that are exempt from federal and Connecticut state income taxes. The Fund invests at least 80% of its managed assets in securities rated, at the time of investment, investment grade (Baa/BBB or better) or, if they are unrated, are judged by the manager to be of comparable quality. It may invest up to 20% of its managed assets in municipal securities rated below investment quality or judged by the manager to be of comparable quality, of which up to 10% of its managed assets may be rated below B-/B3 or of comparable quality. The fund uses leverage. The Fund’s investment adviser is Nuveen Fund Advisors, LLC. Advisors’ Opinion:

  • [By Logan Wallace]

    Media stories about Nuveen Connecticut Premium Income Mun Fd (NYSE:NTC) have trended very positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Nuveen Connecticut Premium Income Mun Fd earned a news sentiment score of 0.53 on Accern’s scale. Accern also gave news stories about the investment management company an impact score of 47.4041994466706 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Best Blue Chip Stocks To Own Right Now: Clarke(t)

T.Clarke plc, a building services contractor, provides electrical and mechanical installation services and supplies associated equipment. The company offers information communications technology (ICT) services in the areas of structured cabling and connectivity, network infrastructure and security, networked energy management, data centre infrastructure, and managed and support services; facilities management services, such as preventative, reactive, and planned maintenance solutions; and green technologies services, which comprise photovoltaics, rainwater harvesting, biomass boilers, ground source heating, air source heating, wind turbines, lighting, and carbon reduction audit services. It also provides massive reading station redevelopment, cross rail, border rail link, and underground power upgrade services for the rail sector; lifecycle building services combining mechanical and electrical works with ICT for utilities and technologies sectors; lifecycle services for ho tel and residential sectors, which include electrical, ICT, and mechanical systems design, installation, commissioning, and maintenance; and mechanical and electrical contracting services for education, healthcare, government/local authority, retail and leisure, stadiums, transport, towers, media, and residential sectors. In addition, the company manufactures and prefabricates elements of an installation, as well as engineering components. T.Clarke plc was founded in 1889 and is headquartered in London, the United Kingdom.

Advisors’ Opinion:

  • [By ]

    Ask the average investor to name their favorite dividend-paying stock, and you normally get responses such as AT&T (NYSE: T), Pfizer (NYSE: PFE) and Procter & Gamble (NYSE: PG).

  • [By Garrett Baldwin]

    Brace Yourself: The 5G revolution is unleashing your next potential TRILLION-DOLLAR opportunity – go here now.

    A lot of chatter has built up around Walt Disney Co.’s (NYSE: DIS) streaming service set to launch later this year. But not too many people know that Disney is now the majority owner of Hulu. According to reports, AT&T Inc. (NYSE: T) sold its stake in Hulu for $1.43 billion, bringing the streaming firm’s valuation to $15 billion. The sale leaves Comcast Corp.(NASDAQ: CMCSA) and Disney as the primary owners, with the latter holding a 60% stake. The real bellwether today will be a report from CSX Corp. (NYSE: CSX). The U.S. railway giant will announce its earnings, and investors are curious about how the company has fared with fewer coal shipments and concerns about a slowing economy. Look for earnings reports from Bank of America Corp.(NYSE: BAC), BlackRock Inc. (NYSE: BLK), Comerica Inc. (NYSE: CMA), CSX Corp. (NYSE: CSX), Johnson & Johnson (NYSE: JNJ), United Continental Holdings Inc.(NYSE: UAL).
    Brace Yourself: The 5G Revolution Is Unleashing Your Next TRILLION-DOLLAR Opportunity

    In my three decades tracking the world’s biggest technological breakthroughs, I’ve never seen anything as huge as this.

  • [By ]

    Ask the average investor to name their favorite dividend-paying stock, and you normally get responses such as AT&T (NYSE: T), Pfizer (NYSE: PFE) and Procter & Gamble (NYSE: PG).

  • [By Money Morning Staff Reports]

    And Verizon isn’t the only big-name firm chasing nationwide 5G distribution. AT&T Inc. (NYSE: T) is moving to introduce high-quality 5G service to nearly 20 cities in 2019. Plus, AT&T is already trying to tap into the hype with its “5G Evolution” campaign.

Best Blue Chip Stocks To Own Right Now: PRA Group, Inc.(PRAA)

PRA Group, Inc. (PRA Group), formerly Portfolio Recovery Associates, Inc., incorporated on August 7, 2002, is a financial and business services company with operations in the Americas and Europe. The Company is engaged in the acquisition and collection of nonperforming loans in the Americas and Europe. The Company’s business focuses upon the acquisition, collection, and processing of both unpaid and normal-course accounts receivable originally owed to credit grantors, government entities and others. Its primary business is the purchase, collection and management of portfolios of nonperforming consumer loans. It also provides fee-based services, including contingent collections of nonperforming loans in Europe; vehicle location, skip tracing and collateral recovery for auto lenders, government entities and law enforcement; revenue administration, audit and debt discovery services for local government entities, and class action claims recovery services and related payment processing.

The Company’s portfolio of finance receivables includes a set of accounts that can be categorized by asset type, age and size of account, level of previous collection efforts and geography. It has various receivables of Visa, MasterCard, private label and other credit cards, installment loans, lines of credit, insolvency accounts, deficiency balances of various types, legal judgments, trade payables and other types. The Company uses combination of internal staff (attorney and support), as well as external attorneys, to pursue legal collections under certain circumstances. Its Insolvency Operations in the United States manages customer filings under the United States Bankruptcy Code on debtor accounts derived from over three sources: purchased pools of bankrupt accounts, core purchased pools of charged-off accounts that have filed for bankruptcy or insolvency protection after being acquired by the Company and its third-party servicing client relationships.

The Company has developed its Bankruptcy Ma! nagement System (BMS) as a secured, access controlled platform for providing bankruptcy notification services, filing proofs of claims (POCs) and claim transfers, managing documents, administering its case load, posting and reconciling payments and providing customized reports. BMS is a system designed to manage claims processing and case management in a compliance-sensitive environment. Its global insolvency business operates under the name Insolvency Investment Services.

The Company, through its subsidiaries provides fee-based services, including vehicle location, skip tracing and collateral recovery services for auto lenders, governments and law enforcement through PRA Location Services, LLC (PLS); revenue administration, audit, and discovery/recovery services for government entities through PRA Government Services, LLC and MuniServices, LLC, (collectively PGS); class action claims recovery services and related payment processing through Claims Compensation Bureau, LLC (CCB), and contingent fees earned on the collection of finance receivables through PRA Group Europe (PRA Europe). PLS, through call center operations, performs national skip tracing, asset location and collateral recovery services for auto finance companies, for a fee. In addition, PLS locates clients’ inventories for a fee with a fleet of cars equipped with license plate recognition cameras.

Advisors’ Opinion:

  • [By Stephan Byrd]

    Get a free copy of the Zacks research report on Pra Group (PRAA)

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

  • [By Logan Wallace]

    Pra Group Inc (NASDAQ:PRAA) SVP Christopher D. Lagow sold 1,474 shares of the stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $37.70, for a total value of $55,569.80. Following the transaction, the senior vice president now owns 18,273 shares of the company’s stock, valued at $688,892.10. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

  • [By Shane Hupp]

    Get a free copy of the Zacks research report on Pra Group (PRAA)

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

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