The Dow Jones Industrial Average (DJINDICES: ^DJI ) isn't quite sure which direction it wants to go today. With both ups and downs so far in trading this morning, the index may be torn between caution and optimism after closing above 15,000 for the third day in a row. With Fed Chairman Ben Bernanke speaking this morning on managing risk in the financial markets, some investors may also be using caution as they approach the markets this morning.
He speaks
Bernanke spoke this morning at the Chicago Fed's yearly meeting on banking structure and competition, with his talk centering on vulnerabilities in the financial system that the central bank is actively monitoring. He noted that the Fed is watching closely for effects of risk-taking while the environment remains at historically low interest rates. With an eye toward "reaching for yield," Bernanke said that this type of risk-taking could affect the value of assets and underlying fundamentals at institutions taking those actions.
Hot Financial Stocks To Buy Right Now: City National Corporation (CYN)
City National Corporation operates as the bank holding company for City National Bank that provides various banking, investing, and trust services to small to mid-sized businesses, entrepreneurs, professionals, and affluent individuals. Its deposit products include demand and interest checking deposits, savings deposits, and money market accounts. The company�s loan portfolio comprises commercial loans, including lease financing; residential mortgage loans; commercial real estate mortgages; real estate construction loans; equity lines of credit; and installment loans. It also offers cash management, international banking, equipment financing, and other products and services. In addition, the company provides investment management, advisory, and brokerage services, including portfolio management, securities trading, and asset management; personal and business trust and investment services comprising employee benefit trust services, and 401(k) and defined benefit plans; and estate and financial planning, and custodial services. Further, it offers various asset classes and investment styles, including fixed-income instruments, mutual funds, domestic and international equities, and alternative investments, such as hedge funds. City National Corporation provides its services through 79 offices, including 16 full-service regional centers in Southern California; the San Francisco Bay area; Nevada; New York City; Nashville, Tennessee; and Atlanta, Georgia. The company was founded in 1953 and is headquartered in Los Angeles, California.
Hot Financial Stocks To Buy Right Now: Solar Capital Ltd.(SLRC)
Solar Capital Ltd. is a business development company specializing in investments in leveraged companies, including middle market companies. The firm invests in aerospace and defense; automotive; beverage, food and tobacco; broadcasting and entertainment; business services; cable television; cargo transport; chemicals, plastics and rubber; consumer finance; consumer services; containers, packaging and glass; direct marketing; distribution; diversified/conglomerate manufacturing; diversified/conglomerate services; education; electronics; energy, utilities; equipment rental; farming and agriculture; finance; healthcare, education and childcare; home and office furnishing, consumer products; hotels, motels, inns and gaming; industrial; infrastructure; insurance; leisure, motion pictures and entertainment; logistics; machinery; media; mining, steel and non precious metals; oil and gas; personal, food and miscellaneous services; printing, publishing and broadcasting; real estate ; retail stores; specialty finance; technology; telecommunications; and utilities. It invests in the form of senior secured loans, mezzanine loans, and equity securities. It also invests in equity securities, such as preferred stock, common stock, warrants and other equity interests received in connection with its debt investments or through direct investments. The firm also invests in United States government securities, high-quality debt investments that mature in one year or less, high-yield bonds, distressed debt, non-United States investments, or securities of public companies that are not thinly traded. Solar Capital Ltd. was founded in November 2007 and is based in New York, New York.
Top 10 Consumer Companies To Own In Right Now: Nuveen Select Tax Free Income Portfolio II(NXQ)
Nuveen Select Tax-Free Income Portfolio 2 is a closed-ended fixed income mutual fund launched by Nuveen Investments Inc. It is co-managed by Nuveen Fund Advisors, Inc and Nuveen Asset Management, LLC. The fund invests in the fixed income markets of United States. It invests in the investment-grade municipal securities rated Baa and BBB or better. The fund benchmarks the performance of its portfolio against the Standard & Poor?s (S&P) National Municipal Bond Index and Lipper General and Insured Unleveraged Municipal Debt Funds Average. Nuveen Select Tax-Free Income Portfolio 2 was formed on May 21, 1992 and is domiciled in the United States.
Hot Financial Stocks To Buy Right Now: Glen Burnie Bancorp(GLBZ)
Glen Burnie Bancorp operates as the holding company for The Bank of Glen Burnie that provides commercial and retail banking services to individuals, associations, partnerships, and corporations. The company?s deposit products include regular savings accounts, money market deposit accounts, demand deposit accounts, NOW checking accounts, individual retirement accounts, simplified employee pension accounts, Christmas Club accounts, and certificates of deposit. Its loan portfolio comprises residential and commercial real estate loans, construction loans, land acquisition and development loans, commercial loans, and overdraft protection lines of credit, as well as consumer installment lending, including indirect automobile lending. The company also offers various ancillary products and services, which include safe deposit boxes, money orders and travelers checks, night depositories, automated clearinghouse transactions, wire transfers, automated teller machines, telephone ban king, and customer call center services. It serves customers in northern Anne Arundel County and surrounding areas through eight branch offices in Glen Burnie, Odenton, Riviera Beach, Crownsville, Severn, Linthicum, and Severna Park, Maryland. The company was founded in 1949 and is based in Glen Burnie, Maryland.
Hot Financial Stocks To Buy Right Now: Willis Group Holdings Limited(WSH)
Willis Group Holdings Public Limited Company provides a range of insurance brokerage, reinsurance, and risk management consulting services to its clients worldwide. The company offers various insurance brokerage services, including property damage, offshore construction, liability, and control of well and pollution insurance to the energy industry; and marine insurance and reinsurance brokerage services consisting of hull, cargo, and general marine liabilities. It also provides its services to aerospace clients, including aircraft manufacturers, air cargo handlers and shippers, airport managers, and other general aviation companies; and advisory services comprising claims recovery, contract and leasing risk management, market information, and safety services. In addition, the company offers risk management advice and brokerage services to the construction industry; brokerage for directors' and officers' insurance, as well as professional indemnity insurance for corporation s and professional firms; and specialist risk management and insurance services to fine art, diamond, and jewelry businesses, and operators of armored cars. Further, it provides special contingencies packages; services for horse racing and breeding industry, and agriculture/crop sector; and advice to companies involved in the insurance and reinsurance industry on capital markets products. Additionally, the company offers health, welfare, and human resources consulting and brokerage services to small, medium, and large corporations, as well as the employee benefits practice. It serves clients located in approximately 190 countries, including multinational and middle-market companies operating in various industries, as well as public institutions and individual clients. The company was formerly known as Willis Group Holdings Limited and changed its name to Willis Group Holdings Public Limited Company in January 2010. The company was founded in 1828 and is headquartered in Lond on, the United Kingdom.
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