3 Winning Stocks Under $10

Low-priced stocks appeal to many investors, but you have to be careful before you buy them. Often, low share prices are low for a reason, and the last thing you want in your portfolio is a low-priced stock that falls still lower after you buy it.Some stocks have already demonstrated promise by seeing impressive share-price gains, yet they're still priced below the $10 mark. In particular, Arcos Dorados (NYSE: ARCO), Valhi (NYSE: VHI), and Everi Holdings (NYSE: EVRI) have modest prices but have seen gains of 50% or more in the past year. Below, we'll look more closely at these companies to see whether they can keep up their strong momentum.StockShare Price1-Year GainArcos Dorados$9.5052%Valhi$6.3692%Everi Holdings$7.78141%Data source: Yahoo! Finance.Put some golden arches in your portfolioArcos Dorados translates from Spanish to "golden arches," an appropriate name for the largest franchisee of McDonald's restaurants in the world. The company has about 2,000 locations in a dozen and a half countries across Latin America, including Brazil, Mexico, Argentina, and Chile.Latin America hasn't always been kind to Arcos Dorados. When the economy in the region was under pressure from falling natural resources prices, the fast-food restaurant chain felt the pinch, as consumers pulled away from discretionary purchases.Image source: Arcos Dorados.More recently, Arcos Dorados has enjoyed positive impacts from a recovery in key economies in Latin America, especially Brazil, where about half of its stores are located. Thanks to efforts to make its balance sheet stronger and tapping into better financial conditions for its customers, Arcos Dorados is poised to keep taking advantage of the cyclical upswing in its business.Made of titaniumValhi has seen even bigger gains, riding a positive trend in its home industry. Chemicals companies have done well over the past year, and one area of particular strength has been the titanium dioxide market. Titanium dioxide is used as a pigment Continue Reading

GOLDMAN SACHS: These 14 stocks will crush the market as wages rise

Joe Ciolli, provided by Published 3:05 am, Saturday, January 27, 2018 Reuters / Brendan McDermid Companies that have the lowest labor costs are poised to outperform, according to Goldman Sachs. The firm has identified 14 companies that are set to beat the market as wages increase. GOP tax bill, companies are starting to sweeten the pot for their workers. Home Depot became the latest company to do so on Thursday, announcing that it would give hourly associates in the US a one-time cash bonus of up to $1,000. They joined JPMorgan, American Airlines, AT&T, Boeing, Comcast, and Visa, who have all either hiked pay or issued bonuses in the past few weeks. This is great news for employees, but it's a much more complicated situation for companies — particularly those with the highest labor costs. For firms that already pay high wages relative to the rest of the market, the mounting pressure to increase employee pay may end up hurting their bottom lines in the long run. So what's an investor to do? Look for companies with low labor costs, of course. And lucky for you, Goldman Sachs maintains an index of such firms. LATEST BUSINESS VIDEOS Now Playing: Now Playing Robot Drinks Glass of Soju Jukin Media Your Super Promotes The Power of Superfoods with Powder Supplements Cheddar TV FOX Business Beat: Apple battery updates; Starbucks benefits Fox5DC Employee Who Sent False Hawaii Missile Alert Not Cooperating in Probe: Report Buzz 60 Nasdaq CEO: Tax Reform and Competitive Economy Spell Continued Success Fortune Smartphones That Can See Through Walls Are Coming Veuer As Interest in Travel Grows, American Airlines' Profits Soar Fortune Smartphones That Can See Through Walls Are Coming Buzz 60 This Contact Lens Can Tell You Your Blood Sugar Level Veuer Toddler Flies Drone Into Aunt's Hair Jukin Media Without further ado, here are 14 stocks Goldman says will outperform as labor costs rise. Note that this is a Continue Reading

Op-Ed: The stock market is sending an early warning sign about housing

If there's one price investors watch as closely as the price of the stocks in their portfolio, it's the price of their home. But if you rely on internet-based property valuation tools like Zillow to check up on what's likely to be the most important asset you ever own, you're overlooking an important, real-time market source for property values. The housing market and the stocks of companies that support it have been one of the hottest investment themes since the end of the Great Recession. That's why I think recent action in housing-related stocks is worth reviewing: The performance suggests investors must ask, Could the residential real estate rally be coming to an end? The "can't miss" stocks that make up this group are in retreat. The leader of the pack, Home Depot, recently went from being up in 2017 by about 18 percent to up only 10 percent. Not a terrible return, but the slide in its stock price comes as major stock indexes have been hitting new highs. That strikes me as a bit unusual, because it has traditionally been a strong leadership stock. Lowe's is in a similar position and, even worse, down approximately 10 percent in the past three months. Maybe Amazonification of the DIY home-improvement business is to blame. But for two retailers that were supposedly immune from Amazon, their recent decline is troubling. Whirlpool's stock was clobbered after it delivered earnings and sales that came in lower than Street expectations. It's a stock that's been down all year. Then there's Stanley Black & Decker, which is down from its recent high, by approximately 15 percent. PPG Industries, manufacturer of construction material brands, like Glidden paints and Liquid Nails glue, is down approximately 7 percent from its recent Continue Reading

Stone effects split; energy stocks up

Stone Energy’s board of directors has approved a 1-for-10 reverse stock split and will likely begin trading its stock on that new basis Monday, the company said in an issued statement.Approval to move in that direction came May 19 at a stockholder meeting; the announcement followed last week. The stock split for the Lafayette-based, independent oil and gas company will be effective Friday. The company will continue to trade on the New York Stock Exchange under the symbol “SGY.”Stone's move mirrors that of Lafayette-based PetroQuest Energy, which recently effected, at stockholder approval, a 1-to-4 stock split. The reverse stock split enabled PetroQuest to remain listed on the NYSE.The NYSE de-lists companies that trade for less than $1 a share for an extended period of time. To return to the NYSE’s minimum benchmark, PetroQuest effected the reverse split and quadrupled the share of each stock. That’s the general path Stone will take.Stock prices for Stone, PetroQuest and Frank’s International, another local oil and gas company, increased in trading this week. Stone’s price rose 18 cents per share to 55 cents, at the close of business Monday. PetroQuest rose 45 cents to $3.68 a share and Frank’s rose 72 cents to $16.07.Energy stocks have suffered since commodity prices have plunged. Oil dropped from $114 a barrel in 2014 to a low of about $26 a barrel in February; since then, it has pushed into the $50 range and closed above $50 Tuesday for the first time since July, according to the website FuelFix. Natural gas prices have fluctuated too but for a longer period of time; however, on Monday they reached the highest level, $2.466 /mmBtu since January.Mary Fox Luquette, finance instructor at the University of Louisiana at Lafayette, said Tuesday that because of mergers and bankruptcies, there are “fewer players” in the energy industry.“In addition, investors took advantage of the drop in stock Continue Reading


GOOD NEWS FOR JOB-SEEKERS. In February, the city's unemployment rate sank to its lowest level in five years. The city's jobless rate fell to 5. 3% last month from 5. 5% in January, continuing the gradual decline it has made since last November, the New York State Department of Labor said yesterday. The city's non-agricultural payrolls have expanded by 1. 6% over the 12 months that ended in February. A big boost came from the accounting and tax preparation industry, which saw payrolls increase 10% over February 2005. Apparel manufacturing was one of the worst-hit sectors, losing 5,700 jobs, a drop of nearly 20%. In February, the city gained about 18,000 new jobs, an increase of 0. 5%, the state's Labor Department said. Educational-related jobs posted one of the biggest gains, adding 9,000 posts as teachers returned to college classrooms following the end of spring break. Wall Street firms, whose masters of the universe earn enough to help drive the health of the city's economy, also added 1,300 jobs during the month and ended February with 13,500 more jobs than it had at the same time last year. Looking to rake in the big bucks? Learn how to fly a plane. Pilots were among the biggest wage-earners in the New York area, bringing home about $150. 27 an hour this time last year, the government said in a separate report. On average, workers in and around Manhattan earned $26. 20 an hour in March 2005, a survey by the Department of Labor's Bureau of Labor Statistics showed. Workers in white-collar jobs, which made up 59% of the area's paying positions, generally made the most, earning an average wage of $31. 86 an hour. Blue-collar workers, who made up 19% of the workforce, were paid an average $20. 34 an hour, while service industry workers, who made up 22% of the workforce, earned $16. 09 per hour. It probably won't surprise lots the city's aspiring writers and actors, but waiting tables was the worst-paying service sector job. Continue Reading


Thrifty girls, tonight's your night. This evening, the City Opera Thrift Shop - the Bergdorf of bargain haunts - reopens with stocked racks of Marc Jacobs ($50 for an Edwardian styled blouse), Christian Dior (yes, that's just $25 for a jeans jacket) and Tocca (red embroidered dress, $50), among others (on a scouting mission, we spotted Cynthia by Cynthia Steffe and ­Lolita Lempicka). The spring preview, with a $10 entrance donation at the door, gives throngs of shoppers first dibs on some of the most sought-after second-hand goods in the city. "Because of our reputation for having a fashion edge, many of the fashionistas who shop in the store also donate to us," says Jay Thompson, the store's organizer and manager. "Seventh Ave. designers and fashion students often shop our vintage events for inspiration. Because of our 'cozy' space, we edit our donations and put out only the highest quality merchandise." Proceeds support the New York City Opera (hence the name) and help with the creation and upkeep of opera costumes. The store's artistic bent draws indie fans from Parker Posey to Chloe Sevigny, who are frequent thrifters. Since opera is never far from the thrift store's heart, every event has a theatrical theme - drama or comedy - depending on what's on tap at Lincoln Center. But the only real drama is choosing which thriftastic piece to grab. And it won't be easy. What draws shoppers to the City Opera is the condition of the goods: Items that aren't from designers are still in perfect condition - and some even look vintage. And everything's neater and better arranged than any New York City closet. City Opera also offers bags, shoes, home accessories, books and artwork, too - and in late March, the store fills up with vintage wares from Gucci to Pucci that have been collected throughout the year. Spring Shopping Preview; today, 5 p.m.-8 p.m.; 222 E. 23rd St., (212) 684-5344. $10 donation at the door. SIDEBAR: THRIFTERS ADRIFT Continue Reading

Covering your assets. Permanent Portfolio: High on growth, low on risk

INTEREST RATE HIKES. The real estate bubble. High oil prices. Geopolitical turmoil. It's enough to make investors want to lay in bed with the covers pulled over their heads. A more secure haven for the shell-shocked might just be Permanent Portfolio Fund, a "conservative allocation" mutual fund aimed at performing well regardless of the zigs and zags of the marketplace. Run by former accountant Michael Cuggino, Permanent Portfolio (PRPFX) casts a wide net to avoid risks. The conservative fund, with $650 million under management, holds a broad array of investments including gold and silver and Swiss bonds, on top of stocks and U.S. bonds. "Permanent Portfolio's objective is to preserve what you have while also providing growth with minimal risk," Cuggino told the Daily News. The strategy's paid off nicely. Fueled in part by the surge in gold prices, Permanent Portfolio had a return of 7% through last Friday. The S&P's return was 2.4%, and the Dow had gained 5%. During the past five years, Permanent Portfolio has seen double digit annualized returns. It has had just three down years in the past 24, the last one being 1994. The average annual return for the five years ending on Dec. 31, 2005, was 10% for the Permanent Portfolio, compared to an average annual gain of 0.8% for both the S&P 500 and the Dow. While the Dow and S&P 500 were both down more than 17% in 2002, the Permanent Portfolio climbed 12%. "This is a perfect case of the tortoise beating the hare," said James Duffy, vice president of Granite Financial. The fund is "good for people who are close to or in retirement." "They have a very conservative approach - but bear in mind, [the fund] still has risks," Duffy added. The News recently sat down with Cuggino and asked him to sound off on his approach to investing. [email protected] Q What have been your best performing investments so far this year? A Obviously gold and Continue Reading


SOME OF THE LAST city-owned land in the Bronx will soon become affordable housing. Ten locations in the South Bronx will be turned over to developers, the city Housing Preservation and Development Department said. The 163rd Street Improvement Council and its co-developer, the architectural firm of Wormser and Associates, were among 25 development teams tapped to build new homes on 236 city-owned lots in Brooklyn and the Bronx. "We're looking forward to building quality housing on these sites for the neighborhoods we serve," said Biarni Burke, acting president and CEO of the 163rd Street Improvement Council. The 10 Bronx lots are in three clusters - in East Tremont, Melrose and Morrisania - and will hold a total of 39 affordable condominium units. Under the Housing Preservation and Development Department's New Foundations program, developers buy the city-owned land and build one- to four-family homes or condos affordable for moderate- and middle-income families who agree to occupy the purchased home. At least one unit in the home must remain owner-occupied for 15 years. The vacant lots are distressed real estate the city seized from landlords for nonpayment of property taxes. From its peak in the 1980s when the city owned more than 100,000 units of housing and more than 5,000 vacant lots, the city now owns just over 2,000 units currently being redeveloped by Housing Preservation and Development Department programs and 248 developable lots - including the 236 lots in the Bronx and Brooklyn now being parceled out to affordable housing developers. "By developing vacant city-owned land over the past two decades, New York City has successfully revitalized neighborhoods that were once written off and abandoned," said Housing Preservation Commissioner Shaun Donovan. "Now that the challenge of abandonment has been met and the supply of city-owned land is nearly exhausted," he said, "we are faced with the challenge of affordability." Donovan pointed to Continue Reading

Homeowners of every color: Obama must recommit to helping low-income Americans access safe home loans

Since the end of the Great Recession, we’ve watched in New York as the stock market rose and so did skyscraping condo buildings for millionaires and billionaires. We have been told that the economy has really bounced back this time — and, of course, we are grateful for improving job creation and unemployment numbers. But unless you can afford one of those sparkling penthouses, the housing market seems as inaccessible today as it was during the recession — or even before it began. Nationwide, the homeownership rate is at its lowest level since 1995, at just 64%, according to Census Bureau. Families who have labored and saved up to afford modest homes cannot find a willing lender, face higher interest rates or are forced to pony up impossible down payments. These problems have disproportionately hit black and Hispanic families. In 2013, mortgage lending to people of color fell to a 14-year low. Black and Hispanic families make up 30% of the nation but receive just 12% of home loans. The economic recovery has not improved this situation. The Federal Reserve reported that in 2013, overall mortgage lending rose while the share of loans to families of color continued to drop. This growing crisis in minority homeownership is more than just a housing issue. Owning a home improves the financial stability of families and their communities, and in most areas it is a less expensive option than renting, over the long term. But most crucially, owning a home is a way for families to build wealth — a permanent escape from poverty. Declining homeownership by people of color only exacerbates the extraordinary and crippling wealth gap in this country. While median wealth for white households now stands at $141,900, the same figure for Hispanic households is just $13,700. That is a gap of more than 10 times the wealth, 10 times the financial security and stability. For black households, the figure is even worse at $11,000. And both Continue Reading

Stocks end first quarter of year on down note while housing market moves upward, oil prices drop

Stocks went negative on Tuesday, ending the Dow’s first trading quarter of the year on a down note. The Dow fell 200.19 points, or 1.11%, to 17,776.12. The S&P 500 dropped 18.35 points, or 0.88%, to 2,067.89 and the Nasdaq lost 46.56 points, or 0.94%, to 4,900.88. Tuesday’s decline brought the Dow down 0.3% for the quarter — its first down quarter in a year. But the S&P and Nasdaq were still up for the first three months of the year, both registering their ninth straight quarterly uptick. Fears of further drops in oil prices helped overshadow two positive economic reports on Tuesday. The price of U.S. crude oil fell 2.2% on Tuesday to $47.60 a barrel. With Iran entering the final stages of talks on a nuclear deal, investors are worried that an oversupply of oil will further hammer energy prices. Also pressing on the market on Tuesday was profit-taking ahead of the start of a new quarter. Investors shouldn’t bet on a market rebound anytime soon, said Matt Coffina, editor of Morningstar StockInvestor. “We think the market is relatively fully valued at present,” Coffina told the Daily News. “The average stock in our coverage universe is about 3% above our fair value estimate.” Fair value is an appraisal of what a business is worth based on its future cash flow potential. “The market is about as fully valued as it has been since 2007,” Coffina added. Stocks fell on Tuesday in spite of a relatively positive report on the housing market. The S&P/Case Shiller composite index of 20 metropolitan areas gained 4.6% in January, on a year-over-year basis, after rising 4.4% in December. The housing market got a lift thanks to low interest rates, strong consumer confidence, solid job growth, cheap oil and low inflation, said David Blitzer, chairman of the Index Committee for S&P Dow Jones Indices. Another report, from the Conference Board, Continue Reading