On Friday, Stocks that pay rich dividends, such as utilities, telecommunication companies and real estate investment companies, drooped the most. These stocks have been popular while interest rates on bonds have lingered low. If interest rates on bonds climb, they become less striking by comparison. The Dow Jones utility average dipped 3.1 percent. It’s down 7.8 percent this year.
Some shareholders said that the sharp sell-off was an overreaction.
“The Fed is not going to raise interest rates from zero to five percent overnight,” said Kevin Mahn, Chief Investment Officer of Hennion & Walsh Asset Administration.
Government bonds dropped down after shareholders factored in a higher prospect of a summer rate hike. The yield on the benchmark 10-year Treasury note climbed to 2.25 percent from 2.12 percent late Thursday.
Insights about U.S. Stocks that landed in the Active-Zone during Friday’s trade, are depicted underneath:
Oracle Corporation (NYSE:ORCL)’s shares declined -3.24%, and traded at $42.38. The Stock is active as 15.09M shares changed hands versus its average volume of 12.41M shares.
In accordance to Zacks Search report updated on March 6, Oracle Corporation (ORCL), fiscal second-quarter 2015 results gained significantly from its cloud business. Earnings came in line with the Zacks Consensus Estimate, while proceeds surpassed the same. The company believe that the rapid adoption of engineered systems and cloud suites will drive top-line growth in 2015.
Oracle enjoys a dominant position in the enterprise software and database administration system (DBMS) software market. According to market research firm Gartner, global spending on IT infrastructure is estimated to grow 2.4% to $3.8 trillion in 2015. Among infrastructure, Big Data and digitalization initiatives are likely to contribute the majority of DBMS market growth. We believe that Oracle’s leading position in the DBMS software market will make it the primary beneficiary of this raised spending.
Oracle is gaining ground in its cloud business as is evident from its second-quarter performance, which fared better than salesforce.com. We believe that the corporation’s partnership with cloud content administration service provider, Box, will facilitate better administration of their digital assets on Oracle Marketing Cloud. Going forward, we believe that the partnerships with Salesforce CRM, Microsoft MSFT and NetSuite together with the recent attainment of TOA Technologies will provide a noteworthy boost to Oracle’s cloud-computing endeavors.
Oracle has a Zacks Rank #3 (Hold).
Oracle Corporation develops, manufactures, markets, hosts, and supports database and middleware software, application software, cloud infrastructure, hardware systems, and related services worldwide.
Morgan Stanley (NYSE:MS), raised 0.03%, and traded at $35.53. The Stock is active as 14.18M shares changed hands versus its average volume of 10.20M shares.
Morgan Stanley (MS) Infrastructure, the dedicated infrastructure investing platform of Morgan Stanley, declared that a partner of Morgan Stanley Infrastructure Partners, LP (MSIP), a $4 billion global infrastructure fund, has agreed to sell Montreal Gateway Terminals to a consortium led by Fiera Axium Infrastructure. The terms of the transaction were not revealed.
The MSIP partner, MGT Holdings S.a.r.l (MGT Holdings), attained an 80 percent interest in Montreal Gateway Terminals in February 2007 in an exclusively negotiated transaction and secured 100 percent ownership in December 2013. Montreal Gateway Terminals is the largest operator at the Port of Montreal and the second-largest container facility in Canada. The Port of Montreal is the third-largest container port servicing the northeast coast of North America, one of the busiest inland ports in the world and a planned gateway to the Canadian and Midwestern U.S. markets.
Markus Hottenrott, Chief Investment Officer of MSI, said, “This investment is a great example of our sourcing capabilities and approach to value creation – a proprietary and exclusively negotiated attainment of an asset in Canada, a German seller and noteworthy operational improvements during our ownership.”
Morgan Stanley (MS) is a leading global financial services firm providing investment banking, securities, investment administration and wealth administration services. With offices in more than 43 countries, the Firm’s employees serve clients worldwide counting corporations, governments, institutions and individuals.
Host Hotels and Resorts Inc (NYSE:HST), dipped -1.84%, and traded at $20.28. The Stock is active as 7.64M shares changed hands versus its average volume of 7.64M shares.
Formerly on February 19, Host Hotels & Resorts, Inc. (HST), the nation’s largest lodging real estate investment trust (“REIT”), declared results of operations for the fourth quarter and the year.
Fourth quarter and full year 2014 results reflect the following:
- Comparable hotel RevPAR on a constant dollar basis improved 3.2% for the quarter driven by rate growth of 4.1%, partially offset by a decrease in occupancy of 0.6 percentage points. For the full year, comparable hotel RevPAR raised 5.7%.
- The Corporation’s strongest markets during the quarter were San Francisco and Hawaii, where comparable RevPAR raised 11.8% and 14.9% respectively. For the full year, San Francisco was the strongest market in the Corporation’s domestic portfolio, with a comparable RevPAR growth of 15.2% as the market continues to benefit from strength in demand from both group and transient customers.
- During the fourth quarter, the Corporation’s New York and Washington D.C. markets continued to lag the portfolio with comparable RevPAR growth of 0.1% and 2.5% respectively, reflecting raised supply in both markets, in addition to renovation activity in Washington, D.C.;
- The raise in comparable hotel proceeds of 2.1% and 4.9% for the quarter and full year, respectively, reflects the improvements in comparable RevPAR, described above, in addition to the Corporation’s food and beverage (“F&B”) and other proceed results. At the Corporation’s comparable hotels, F&B proceeds raised 0.4% for the quarter and 3.8% year-to-date. For the quarter, F&B proceeds were affected by weaker group demand due to difficult year-over-year comparisons related, in part, to changes in the holiday plan, mid-term elections and renovations at several of our meeting rooms and ballrooms.
- The improvement in the Corporation’s comparable hotel proceeds were offset by the greater level of dispositions than attainments, leading to a slight decrease in total proceeds for the quarter. The effect of these transactions reduced total proceeds, on a net basis, by $35 million for the quarter and $87 million year-to-date.
Attainments, Dispositions & Development:
The Corporation’s investment activity is compriseent with its planned objective to narrow the number of markets in which it owns properties, focusing on gateway cities and resort/conference markets. In addition, the Corporation is establishing a deeper foothold in those markets by expanding its investments to comprise upscale properties that may be operated by an independent manager or without a major brand affiliation. The Corporation was able to take advantage of strengthening investor demand in secondary or tertiary markets by reducing exposure to assets that are not part of this long-term strategy. In the fourth quarter, the Corporation sold the Tampa Marriott Waterside Hotel & Marina, Greensboro-High Point Marriott Airport and the Dayton Marriott for a total sales price of $239 million. For the full year, the Corporation attained two hotels for $133 million and sold five hotels for a total sales price of $519 million.
Host Hotels & Resorts, Inc. is an S&P 500 and Fortune 500 corporation and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Corporation presently owns 97 properties in the United States and 17 properties internationally totaling about 59,000 rooms.
eBay Inc (NASDAQ:EBAY), rose1.34%, and traded at $59.87, hitting new 52-week high of $60.47. The Stock is active as 13.80M shares changed hands versus its average volume of 8.35M shares.
StubHub, an eBay Inc. (EBAY), corporation. StubHub, the world’s largest ticket marketplace, launched a new version of the StubHub Music iOS app that will now give users the ability to sync the app with their Spotify libraries for an even more robust and increasingly personalized list of forthcoming concerts featuring their favorite artists and venues. With more than 100,000 live event listings on any given day, initially based on users’ iTunes music libraries, StubHub Music with the added Spotify sync feature makes it easier than ever for fans to discover local events by receiving more focused recommendations and notifications.
StubHub Music is a handy concert discovery app for fans to find out when their favorite artists are playing, learn about new artists, get event and venue information, buy tickets and invite friends, all in one place. Accessible for download recently at the iTunes App Store, StubHub Music (version 2.2.4) now syncs with a users’ Spotify account, scanning their listening habits for artists they’ve saved or playlisted to generate recommendations for forthcoming events for those artists and similar acts that they may like. And, Spotify premium users can also stream full-length songs to enjoy recommended acts.
Key App Features:
- Offers the ability to discover new music with recommendations based on mobile users’ Spotify and iTunes music libraries
- Notifies users when their favorite artists are headed to a nearby or ‘liked’ venue
- Sends new event and reminder notifications
- Provides a convenient way to discover events and purchase tickets anytime, anywhere
- Allows users to share, email or message friends about an forthcoming event (a move towards “social commerce”)
- Provides the ability to listen to songs and access artist bios, official Web sites and more.
StubHub is the world’s largest ticket marketplace, enabling fans to buy and sell tickets to tens of thousands of sports, concert, theater and other live entertainment events. StubHub reinvented the ticket resale market in 2000 and continues to lead it through innovation. The corporation’s unique online marketplace, dedicated solely to tickets, provides all fans the choice to buy or sell their tickets in a safe, convenient and highly reliable environment.