At 91, he's been volunteering nearly 31 years to prepare taxes for the AARP Foundation Tax-Aide service.
"I was doing it when we did it on paper," said Jerry, who, like other volunteers, goes by just a first name. The volunteers do not use a last name because they don't want to be called at home to answer tax questions or track down refunds.
Many retirees and those on modest incomes who use the free services appreciate being able to save $200 or more on tax preparation, even if they need to make a second trip to a tax site because the time slots for the free service fill up quickly.
Top 5 Quality Stocks To Buy For 2015: PowerShares S&P SmallCap Information Technology Portfolio (PSCT)
PowerShares S&P SmallCap Information Technology Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of an index called the S&P SmallCap 600 Capped Information Technology Index (the Index). The Index consists of common stocks of the United States information technology companies. These are companies that are principally engaged in the business of providing information technology-related products and services, including computer hardware and software, Internet, electronics and semiconductors, and communication technologies. The Index is compiled, maintained and calculated by Standard & Poor's Financial Services LLC. The Fund will normally invest at least 80% of its total assets in common stocks of small-capitalization information technology companies. The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Fund�� investment adviser is Invesco PowerShares Capital Management LLC. Advisors' Opinion:- [By Stephen Leeb]
The PowerShares S&P 500 Small-Cap Technology (PSCT) is geared towards smaller, more agile, but also less-established firms, while iShares S&P North American Technology ETF (IGM) offers broad, blue-chip technology industry exposure.
Hot Integrated Utility Stocks To Own For 2014: Ramelius Resources Ltd (RMS)
Ramelius Resources Limited is engaged in exploration, mine development, mine operations, the sale of gold and milling services. The Company operates in three segments: Exploration, Burbanks, and Mt Magnet. The Company�� exploration project includes Mt Magnet Project, Mt Windsor Joint Venture, Nevada Project, Vivien Project and Coogee Project. The Mt Magnet gold project is located 600 kilometer north of Perth in the Murchison Goldfield of the Western Australian Yilgarn Craton. The Western Queen South project is located 90 kilometer north-west of Mt Magnet. The Burbanks Treatment Plant is located 8 kilometer south of the town of Coolgardie and 65 kilometer from the Wattle Dam Gold Mine. The Vivien gold deposit is located near the Agnew Gold Mine, west of the town of Leinster in Western Australia. The Coogee gold deposit is located on mining lease 26/477, 23 kilometer east northeast of Kambalda. In October 2013, the Company acquired Vivien gold project. Advisors' Opinion:- [By Namitha Jagadeesh]
Hermes (RMS) added 2.1 percent to 253.70 euros. The French maker of Kelly bags reported first-half operating profit rose 14 percent to 584.1 million euros ($773.6 million), exceeding the 569 million-euro average estimate of analysts in a Bloomberg survey. It also confirmed its July forecast that sales in 2013, excluding currency swings, will increase more than 10 percent.
Hot Integrated Utility Stocks To Own For 2014: Goldsearch Ltd (GSE)
Goldsearch Limited (Goldsearch) is an Australia-based minerals company. During the fiscal year ended June 30, 2012 (fiscal 2012), the Company was engaged in the exploration of gold and other minerals and investment activities. It operates in five segments: Mineral Exploration Sweden, Minerals Exploration Australia-Victoria, Minerals Exploration Australia-Other, Investments and Administration. Its other projects include the Mary Kathleen joint venture in Queensland and the Musgrave joint venture in South Australia. It held 16,000 square kilometres of tenements within the Musgrave Ranges of northwestern South Australia that were in joint venture between Goldsearch and Independence Group. During fiscal 2012, the Company held investments in Morning Star Gold NL (MCO) and Musgrave Minerals Ltd (MGV). On June 30, 2012, the Company had sold off its total investment in Independence Group NL (IGO). Its subsidiaries include: Caytale Pty Limited, Chiljill Pty Limited and Miltonpak Pty Limited. Advisors' Opinion:- [By Roberto Pedone]
Another environmental services player that looks ready to trigger a near-term breakout trade is GSE Holdings (GSE), which provides geosynthetic containment solutions for environmental protection and confinement applications. This stock has been hammered by the bears so far in 2013, with shares down big by 55%.
If you take a look at the chart for GSE Holdings, you'll notice that this stock recently ripped sharply higher back above its 50-day moving average of $2.32 a share with heavy upside volume. Following that move, shares of GSE have started to trend sideways between $2.60 on the downside and $2.95 on the upside. Shares of GSE are now starting to move within range of triggering a near-term breakout trade above the upper-end of its recent range.
Traders should now look for long-biased trades in GSE if it manages to break out above some near-term overhead resistance levels at $2.79 to $2.95 a share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average action of 221,545 shares. If that breakout hits soon, then GSE will set up to re-test or possibly take out its next major overhead resistance levels at $3.50 to $4 a share.
Traders can look to buy GSE off any weakness to anticipate that breakout and simply use a stop that sits right below support at $2.60 or below its 50-day moving average at $2.32 a share. One could also buy GSE off strength once it takes out those breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point.
Hot Integrated Utility Stocks To Own For 2014: Adept Technology Inc.(ADEP)
Adept Technology, Inc., together with its subsidiaries, provides intelligent robotics systems and services for packaging, solar, medical, disk drive/electronics, machine tool automation, and automotive electronics markets. Its product range includes application software, integrated real-time vision and multi-axis motion controls, machine vision systems and software, autonomous navigation software and controls, industrial robots and grippers, autonomous service robots, intelligent automated guided vehicles (AGVs), and advanced vision-based flexible parts feeders. The company offers 4-axis Cobra family of robots, which are designed for assembly and material handling tasks; Adept Quattro parallel robots for high-speed packaging, assembly, and loading/unloading applications; Adept Viper 6-axis articulated robots for high-speed precision assembly; Modular Adept Python single axis robot mechanisms; and mobile robots, including autonomous service robots and intelligent AGVs. It a lso provides support services to customers, including spare parts for and/or remanufacture of robot mechanisms; information regarding the use of its automation equipment; ongoing support for installed systems; consulting services for applications; and training courses ranging from system operation and maintenance to programming for manufacturing engineers, who design and implement automation lines. The company markets its products through its direct sales force, as well as through systems integrators, sales representatives, distributors, and original equipment manufacturers primarily in the United States, Europe, and Asia. Adept Technology, Inc. was founded in 1983 and is headquartered in Pleasanton, California.
Advisors' Opinion:- [By MONEYMORNING.COM]
Michael's pick for 2014 was Adept Technology Inc. (Nasdaq: ADEP), a play on the red-hot robotics sector whose stock he predicted could zoom 50% to 100% because of improving finances and the potential for a takeover.
- [By CRWE]
Adept Technology, Inc. (Nasdaq:ADEP), a leading provider of intelligent robots and autonomous mobile solutions and services, reported the appointment of Cornerstone Technical Group (CTG) as its regional distributor covering the southeastern United States.
- [By John Udovich]
Spruce Point Capital Management, LLC has released a research report about small cap robotics stock iRobot Corporation (NASDAQ: IRBT) entitled ��bout to Short Circuit,��meaning investors should take a closer look at the report, the�stock�and the performance of�robotics peer Adept Technology Inc (NASDAQ: ADEP) and�the Robo-Stox Global Robotics & Automation ETF (NASDAQ: ROBO). I should mention that we used to have both Adept Technology and iRobot Corporation in our SmallCap Network Elite Opportunity (SCN EO) portfolio�because we see the�robotics subsector improving as companies aim to reduce overhead and improve efficiencies through machine to machine (M2M) automation.
- [By GuruFocus]
George Soros (Trades, Portfolio) just reported his first quarter portfolio. He buys Citrix Systems Inc, Baker Hughes Inc, Comcast Corp, Spansion Inc, etc during the 3-months ended 03/31/2014, according to the most recent filings of his investment company, Soros Fund Management LLC. As of 03/31/2014, Soros Fund Management LLC owns 305 stocks with a total value of $10.1 billion. These are the details of the buys and sells.New Purchases: BHI, CODE, CTRP, CLI, AVB, COMM, CNQ, AGO, AUY, ATML, ASH, BXMT, CSTM, AEM, CMA, ARE, CHKP, AUQ, BEAV, CX, ADSK, AALCP, BLK, AIG, BIIB, ADEP, AMRI, ARWR, ATHX, BALT, BCRX, BEAT, CFX, CLFD, CUR, CODE,Added Positions: CTXS, CMCSA, CNP, ALTR, BRCD, CBS, CRM, CHTR, CCJ, CIEN, BIDU, ALLE, ABT, CDNS, ACT,Reduced Positions: AAPL, CCI, AMT, ABBV, AAL, BITA, AL, ANGI, ARIA, CBST, BA, BIRT, EXAR,Sold Out: C, BAC, CRI, AMZN, AGN, CF, BRCM, COTY, BMY, AMCX, CAR, A, ADBE, AFL,For the details of George Soros (Trades, Portfolio)'s stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=George+SorosThis is the sector weightings of his portfolio:Technology18.9%Energy14%Healthcare8.3%Consumer Defensive8.2%Communication Services8.1%Consumer Cyclical5.4%Industrials5.1%Basic Materials4.9%Financial Services2.5%Real Estate1.9%Utilities0.5%These are the top 5 holdings of George Soros (Trades, Portfolio)1. Teva Pharmaceutical Industries Ltd (TEVA) - 10,310,041 shares, 5.4% of the total portfolio. Shares added by 10.67%2. Herbalife Ltd (HLF) - 4,901,337 shares, 2.8% of the total portfolio. Shares added by 52.9%3. EQT Corp (EQT) - 2,573,814 shares, 2.5% of the total portfolio. Shares added by 3.27%4. Adecoagro SA (AGRO) - 25,915,076 shares, 2.1% of the total portfolio.5. Halliburton Co (HAL) - 3,596,353 shares, 2.1% of the total portfolio. Shares reduced by 20.73%New Purchase: Baker Hughes Inc (BHI)George Soros (Trades, Portfolio) initiated holdings in Baker Hughes Inc. His purchase prices were between $51.82 and $65.27, with an estimated
Hot Integrated Utility Stocks To Own For 2014: Fortegra Financial Corporation (FRF)
Fortegra Financial Corporation, an insurance services company, provides distribution and administration services primarily in the United States. The company�s Payment Protection segment delivers credit insurance, debt protection, warranty and service contracts, and motor club solutions under the Life of the South, Continental Car Club, United Motor Club, and Auto Knight Motor Club brand names to consumer finance companies, regional banks, community banks, retailers, small loan companies, warranty administrators, automobile dealers, vacation ownership developers, and credit unions. This segment specializes in providing products that protect consumer lenders and their borrowers from death, disability, or other events that could impair their borrowers' ability to repay a debt. Fortegra Financial Corporation�s Business Process Outsourcing segment offers various administrative services under the Consecta and Pacific Benefits Group Northwest, LLC brand names to insurance and o ther financial services companies. This segment�s services include sales and marketing, electronic underwriting, premium billing and collections, policy administration, claims adjudication, and call center management services. The company�s Brokerage segment sells specialty property and casualty, and surplus lines insurance to retail insurance brokers and agents, and insurance companies under the Bliss & Glennon, eReinsure.com, Inc., and South Bay Acceptance Corporation brand names. This segment also provides its clients the ability to obtain various types of commercial insurance coverage outside of their core areas of focus. In addition, it offers insurance underwriting services as a managing general agent for specialized insurance carriers. The company was formerly known as Life of the South Corporation and changed its name to Fortegra Financial Corporation in 2008. The company was incorporated in 1981 and is based in Jacksonville, Florida.
Advisors' Opinion:- [By Hilary Kramer]
I am a big fan of financials, which is why I named Fortegra Financial (FRF) as the best stock of 2014. Fortegra isn�� your traditional bank or financial company, but it has great potential.
Hot Integrated Utility Stocks To Own For 2014: KeyCorp (KEY)
KeyCorp is a bank holding company for KeyBank National Association (KeyBank). Through KeyBank and certain other subsidiaries, the Company provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance and investment banking products and services to individual, corporate and institutional clients through two business segments: Key Community Bank and Key Corporate Bank. As of December 31, 2011, these services were provided through KeyBank�� 1,058 full-service retail banking branches in 14 states, additional offices, a telephone banking call center services group and a network of 1,579 automated teller machines (ATMs) in 15 states. On January 17, 2012, the Company opened another national bank subsidiary.
In addition to the banking services of accepting deposits and making loans, the Bank and trust company subsidiaries offer personal and corporate trust services, personal financial services, access to mutual funds, cash management services, investment banking and capital markets products, and international banking services. Through its bank, trust company and investment adviser subsidiaries, the Company provides investment management services to clients that include corporate and public retirement plans, foundations and endowments, individuals and trust funds. The Company provides other financial services - both within and outside of its primary banking markets - through various nonbank subsidiaries. These services include community development financing, securities underwriting and brokerage. It is also an equity participant in a joint venture that provides merchant services to businesses.
Lending Activities
As of December 31, 2011, the Company�� Commercial, Financial and Agricultural loans, also referred to as Commercial and Industrial, represented 39% of its total loan portfolio. As of December 31, 2011, commercial real estate loans represented approximately 19% of its total loan portfolio. These loans include bo! th owner and nonowner-occupied properties and constitute approximately 27% of its commercial loan portfolio. Its commercial real estate lending business is conducted through two primary sources: its 14-state banking franchise, and Real Estate Capital and Corporate Banking Services. The Company conducts financing arrangements through its equipment finance line of business. Commercial lease financing receivables represented 17% of commercial loans at December 31, 2011. The home equity portfolio is the largest segment of its consumer loan portfolio.
Investment Activities
The Company�� securities portfolio totaled $18 billion at December 31, 2011. Available-for-sale securities were $16 billion at December 31, 2011. Held-to-maturity securities were $2.1 billion at December 31, 2011. At December 31, 2011, it had $2.1 billion in collateralized mortgage obligations (CMOs) in its held-to-maturity securities portfolio. At December 31, 2011, the Company had $15.9 billion invested in CMOs and other mortgage-backed securities in the available-for-sale portfolio. Federal Agency CMOs constitute most of its held-to-maturity securities along with foreign bonds and preferred equity securities. The investments in equity and mezzanine instruments made by its principal investing unit represented 61% of other investments at December 31, 2011. They include direct investments (investments made in a particular company), as well as indirect investments (investments made through funds that include other investors).
Sources of Funds
Domestic deposits are the Company�� primary source of funding. During the year ended December 31, 2011, these deposits averaged $58.5 billion and represented 80% of the funds it used to support loans and other earning assets. Wholesale funds, consisting of deposits in its foreign office and short-term borrowings, averaged $3.4 billion during 2011. At December 31, 2011, the Company had $4.7 billion in time deposits of $100,000 or more.
Advisors' Opinion:- [By Ben Levisohn]
Don’t look for big banks to soften the blow today, however. JPMorgan Chase (JPM) has fallen 0.5% to $51.84, Wells Fargo (WFC) has declined 0.9% to $42.06 and KeyCorp (KEY) is off 1% at $12.54. Citigroup (C) has gained 0.2% to $48.71.
- [By David Hanson]
However, some regional banks are posting more impressive numbers and flying under the radar. In this video, Motley Fool banking analyst David Hanson discusses recent results from PNC Financials Services (NYSE: PNC ) , KeyCorp (NYSE: KEY ) , and Huntington Bancshares (NASDAQ: HBAN ) .
Hot Integrated Utility Stocks To Own For 2014: Adelaide Resources Ltd (ADN)
Adelaide Resources Limited is an Australia-based company engaged in the exploration for gold, copper, uranium, and other economic mineral deposits. As on June 30, 2012, the Company has interests in 22 exploration licenses, covering over 7,800 square kilometers within South Australia, the Northern Territory and Queensland. The Company holds 100% of the majority of the Moonta Project on Yorke Peninsula in South Australia and a program of aircore and diamond drilling was completed in early 2012 to test a number of targets. The Company�� projects include Rover, Eyre Peninsula, Eyre Peninsula Basement, Yalanda Hill JV, Corrobinnie Palaeochannel Project, Cleve, Anabama, Moonta and Glenroy. The Company subsidiaries include Adelaide Exploration Pty Ltd and Peninsula Resources Limited (formerly Eyre Energy Pty Ltd) Advisors' Opinion:- [By Tom Stoukas]
Aberdeen Asset Management Plc (ADN), Scotland�� largest money manager, lost 7.9 percent to 368.5 pence as Goldman Sachs Group Inc. downgraded the stock to neutral from buy.
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